Globalization and Competition : Why Some Emergent Countries Succeed while Others Fall Behind
Book Details
Format
Paperback / Softback
ISBN-10
0521144531
ISBN-13
9780521144537
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Dec 21st, 2009
Print length
264 Pages
Weight
374 grams
Dimensions
22.50 x 15.40 x 1.70 cms
Product Classification:
Economic growthDevelopment economics & emerging economiesPolitical economy
Ksh 5,700.00
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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.
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.
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