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Globalization and competition : = why some emergent countries succeed while others fall behind /
Record Type:
Language materials, printed : Monograph/item
Title/Author:
Globalization and competition :/ Luiz Carlos Bresser Pereira.
Reminder of title:
why some emergent countries succeed while others fall behind /
remainder title:
Globalization & Competition
Author:
Pereira, Luiz Carlos Bresser,
Description:
1 online resource (v, 256 pages) :digital, PDF file(s). :
Notes:
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Subject:
Economic development - Developing countries. -
Subject:
Developing countries - Foreign economic relations - United States. -
Online resource:
https://doi.org/10.1017/CBO9780511691928
ISBN:
9780511691928 (ebook)
Globalization and competition : = why some emergent countries succeed while others fall behind /
Pereira, Luiz Carlos Bresser,
Globalization and competition :
why some emergent countries succeed while others fall behind /Globalization & CompetitionLuiz Carlos Bresser Pereira. - 1 online resource (v, 256 pages) :digital, PDF file(s).
Title from publisher's bibliographic system (viewed on 05 Oct 2015).
Globalization and catching up -- The key institution -- New developmentalism -- The tendency of the exchange rate toward overvaluation -- The Dutch disease -- Foreign savings and slow growth -- Foreign savings and financial crises.
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.
ISBN: 9780511691928 (ebook)Subjects--Topical Terms:
643680
Economic development
--Developing countries.Subjects--Geographical Terms:
585973
Developing countries
--Foreign economic relations--United States.
LC Class. No.: HC59.7 / .P447 2010
Dewey Class. No.: 337.09172/4
Globalization and competition : = why some emergent countries succeed while others fall behind /
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Globalization and catching up -- The key institution -- New developmentalism -- The tendency of the exchange rate toward overvaluation -- The Dutch disease -- Foreign savings and slow growth -- Foreign savings and financial crises.
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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.
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https://doi.org/10.1017/CBO9780511691928
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