Liberalization, Financial Instability and Economic Development

Y¿lmaz Akyüz

ISBN 10: 1783082291 / ISBN 13: 9781783082292

Editore: Anthem Press, 2014

Riguardo questo articolo

nach der Bestellung gedruckt Neuware - Printed after ordering - Weighing up the costs and benefits of economic interdependence in a finance-driven world, this book argues that globalization has been oversold to the Global South, and that the South should be as selective about globalization as the North.

Codice articolo 9781783082292

Dati bibliografici

• Titolo: Liberalization, Financial Instability and Economic Development
• Editore: Anthem Press
• Data di pubblicazione: 2014
• Lingua: Inglese
• ISBN 10: 1783082291
• ISBN 13: 9781783082292
• Rilegatura: Buch
• Condizione: Neu
• Dimensioni: 235 L x 157 A x 24 P (millimetri) 235 millimetri di larghezza per 157 millimetri di altezza per 24 millimetri di profondità
• Peso: 700 grammi

Descrizione articolo

Riassunto

Weighing up the costs and benefits of economic interdependence in a finance-driven world from a development perspective, this book argues that globalization, understood and promoted as absolute freedom for all forms of capital, has been oversold to the Global South, and that the South should be as selective about globalization as the North, rebalance domestic and external sources of growth, and better manage integration into unstable international finance.

‘Liberalization, Financial Instability and Economic Development’ brings together a range of essays from Yilmaz Akyüz’s recent work, refuting the myth that emerging economies have now successfully decoupled from the North and have become new engines of growth. The book challenges the orthodoxy on the link between financial deepening and economic growth, as well as the relationship between the efficiency of financial markets and the benefits of liberalization. Rather, Akyüz’s work urges developing countries to use all possible tools to control capital flows and asset bubbles in order to prevent financial fragility and crises, and recommends regional policy options while recognizing the challenges posed by the institutional structures already in place.

Weighing up the costs and benefits of economic interdependence in a finance-driven world, this book argues that globalization, understood and promoted as absolute freedom for all forms of capital, has been oversold to the Global South, and that the South should be as selective about globalization as the North. ‘Liberalization, Financial Instability and Economic Development’ challenges the orthodoxy on the link between financial deepening and economic growth, as well as that between the efficiency of financial markets and the benefits of liberalization. Ultimately, the author urges developing countries to control capital flows and asset bubbles, preventing financial fragility and crises, and recommends regional policy options for managing capital flows and exchange rates.

Informazioni sugli autori

Yilmaz Akyüz is chief economist at the South Centre, an intergovernmental think tank for developing countries based in Geneva, Switzerland.

Yilmaz Akyüz is chief economist at the South Centre, an intergovernmental think tank for developing countries based in Geneva, Switzerland.