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Globalization and Competition - Why Some Emergent Countries Succeed while Others Fall Behind (Electronic book text)
Globalization and Competition - Why Some Emergent Countries Succeed while Others Fall Behind (Electronic book text): Luiz...

Globalization and Competition - Why Some Emergent Countries Succeed while Others Fall Behind (Electronic book text)

Luiz Carlos Bresser Pereira

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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. 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.

General

Imprint: Cambridge University Press (Virtual Publishing)
Country of origin: United Kingdom
Release date: May 2010
Authors: Luiz Carlos Bresser Pereira
Format: Electronic book text
ISBN-13: 978-0-511-69192-8
Categories: Books > Business & Economics > Economics > Political economy
Books > Humanities > History > History of specific subjects > Economic history
Books > Social sciences > Sociology, social studies > Social institutions > General
Books > History > History of specific subjects > Economic history
LSN: 0-511-69192-0
Barcode: 9780511691928

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