Globalization and Competition

Why Some Emergent Countries Succeed while Others Fall Behind

Business & Finance, Economics, Economic Development, Nonfiction, Social & Cultural Studies, Social Science
Cover of the book Globalization and Competition by Luiz Carlos Bresser Pereira, Cambridge University Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Luiz Carlos Bresser Pereira ISBN: 9780511849381
Publisher: Cambridge University Press Publication: December 21, 2009
Imprint: Cambridge University Press Language: English
Author: Luiz Carlos Bresser Pereira
ISBN: 9780511849381
Publisher: Cambridge University Press
Publication: December 21, 2009
Imprint: Cambridge University Press
Language: English

Globalization and Competition explains why some middle-income countries, principally those in Asia, grow fast while others are not 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 overvaluate 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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Globalization and Competition explains why some middle-income countries, principally those in Asia, grow fast while others are not 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 overvaluate 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.

More books from Cambridge University Press

Cover of the book Leon Battista Alberti: On Painting by Luiz Carlos Bresser Pereira
Cover of the book Set Theory by Luiz Carlos Bresser Pereira
Cover of the book The Nature of Human Intelligence by Luiz Carlos Bresser Pereira
Cover of the book Refugees, Asylum Seekers and the Rule of Law by Luiz Carlos Bresser Pereira
Cover of the book The Political Construction of Business Interests by Luiz Carlos Bresser Pereira
Cover of the book Emergency Airway Management by Luiz Carlos Bresser Pereira
Cover of the book Flora of Great Britain and Ireland: Volume 4, Campanulaceae - Asteraceae by Luiz Carlos Bresser Pereira
Cover of the book Political Journalism in Comparative Perspective by Luiz Carlos Bresser Pereira
Cover of the book Violence in Psychiatry by Luiz Carlos Bresser Pereira
Cover of the book International Human Rights Law and Practice by Luiz Carlos Bresser Pereira
Cover of the book Complexity and the Arrow of Time by Luiz Carlos Bresser Pereira
Cover of the book Malarial Subjects by Luiz Carlos Bresser Pereira
Cover of the book How to Think Like a Radiologist by Luiz Carlos Bresser Pereira
Cover of the book The Tempest by Luiz Carlos Bresser Pereira
Cover of the book Sustainable Learning by Luiz Carlos Bresser Pereira
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy