Titlebook: Global Markets and the Developing Economy; E. V. K. FitzGerald Book 2003 Institute of Social Studies 2003 Developing Countries.development

verdict

大吃大喝

Reconstructing Global Capital Markets to Support Economic Development,[The inter-war experience suggests that without controls on capital movements], ‘[l]oose funds may sweep round the world disorganising all steady business. (Keynes 1980: 25)

encomiast

腫塊

Introduction: Liberalization Investment and Global Markets,economy’ anticipated by Keynes and his colleagues at Bretton Woods 50 years before. Official opinion held — and still holds — that this dynamic global economy should particularly benefit poor countries: by embracing the principles of liberal capitalism and establishing efficient production structure

Lipoprotein

International Markets and Domestic Savings,same, so that ., growth is constrained by the rate of profit. Drawing from the strict neoclassical tradition, capital markets are orderly and well-behaved, clearing the supply and demand for funds in national and international markets through the interest rate. Consequently, the failure of capital m

厭煩

International Markets and Open Economy Macroeconomics,f a truly ‘global economy’ anticipated by Keynes and his colleagues at Bretton Woods fifty years ago. Popular opinion held that this dynamic world economy would principally benefit poor countries; by embracing the principles of liberal capitalism and establishing efficient production structures, dev

Gorilla

Firm Behaviour, Private Investment and Structural Adjustment,y the World Bank and the IMF, a remarkable degree of consensus has been attained (or rather re-attained) on the virtues of budgetary balance, on the need for a strong real exchange rate to promote exports, and on the conduciveness of market signals to firms for microeconomic efficiency. However, the

Instrumental

Investment and Labour Markets under Trade Liberalization,r trade theory, liberalization aims to achieve productive efficiency and international competitiveness, enabling a more rapid rate of growth than under the previous strategy of protected industrialization. The evident welfare gains of free trade to the global economy are accompanied by increased agg

Spina-Bifida

Investment and Distribution under Capital Account Liberalization,ntries are substantial. Access to international savings raises the rate of investment (thereby prompting industrial progress and income growth), dampens the effects of exogenous shocks, and permits efficiency gains from the transfer of competitive technology and financial skills (IMF 1997). Despite

征服

The Institutional Integration of Developing Countries into Global Markets,oward a general consensus. The global expansion of free trade and the integration of capital markets heralded the arrival of a dynamic ‘global economy’ in which LDCs were expected to be the primary beneficiaries. In this context, policymakers were confident that the implementation of sound economic