TY  - BOOK
AU  - Pereira,Luiz Carlos Bresser
TI  - Globalization and competition: why some emergent countries succeed while others fall behind 
SN  - 9780511691515
AV  - HC59.7 .P447 2010eb
U1  - 337.09172/4 22
PY  - 2010///
CY  - Cambridge, New York
PB  - Cambridge University Press
KW  - Economic development
KW  - Developing countries
KW  - Finance
KW  - Competition
KW  - BUSINESS & ECONOMICS
KW  - International
KW  - General
KW  - bisacsh
KW  - Economics
KW  - fast
KW  - Economic policy
N1  - Includes bibliographical references and index; Globalization and catching up -- The key institution -- New developmentalism -- The tendency of the exchange rate toward overvaluation -- The Dutch disease -- Foreign savings and slow growth -- Foreign savings and financial crises
N2  - "Globalization and Competition explains why some middle-income countries, principally those in Asia, grow fast, while others are not as successful. The author criticizes both old-style developmentalism and the economics of the Washington Consensus. He argues, instead, for a "new developmentalism" or third approach that builds on a national development strategy. This approach differs from the neoliberal strategy that rich nations propose to emerging economies principally on macroeconomic grounds." "Developing countries face a key obstacle to growth, namely, the tendency to over valuate foreign exchange. Instead of neutralizing it, the policy that rich countries promote mistakenly seeks growth through foreign savings, which causes additional appreciation of the national currency and often results in financial crises, rather than genuine investment."--Jacket
UR  - https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=318427
ER  -