Liberalization, Financial Instability and Economic Development (Anthem Frontiers of Global Political Economy): 1 (Anthem Frontiers of Global Political Economy and Development, 1) - Hardcover

Yilmaz Akyüz

Hardcover

ISBN 10: 1783082291 ISBN 13: 9781783082292

Publisher: Anthem Press, 2014

Synopsis

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.

About this title

Review:

“Yılmaz Akyüz is one of the most innovative thinkers in development economics whose insights have contributed to a much richer understanding of the opportunities and challenges of globalization in developing countries. At a time of increasing global instability, if we fail to listen to his advice, we do so at our own peril.” ―Diego Sanchez-Ancochea, University of Oxford

Book Description:

A serious evaluation of economic interdependence in a finance-driven world from a development perspective, offering national and regional policy options to help the Global South improve its control over its own economic space.

About this edition

• Publisher: Anthem Press
• Publication date: 2014
• ISBN 10: 1783082291
• ISBN 13: 9781783082292
• Binding: Hardcover
• Number of pages: 360