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Item Details
Title: GLOBALIZATION AND COMPETITION
WHY SOME EMERGENT COUNTRIES SUCCEED WHILE OTHERS FALL BEHIND
By: Luiz Carlos Bresser Pereira
Format: Paperback

List price: £29.99
Our price: £26.24
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You save: £3.75
ISBN 10: 0521144531
ISBN 13: 9780521144537
Availability: Usually dispatched within 1-3 weeks.
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Publisher: CAMBRIDGE UNIVERSITY PRESS
Pub. date: 1 December, 2009
Pages: 264
Description: Globalization and Competition explains why some middle-income countries, principally those in Asia, grow fast while others are not successful.
Synopsis: 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.
Illustrations: 1 b/w illus. 7 tables
Publication: UK
Imprint: Cambridge University Press
Returns: Returnable
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