Author: Jessica Gordon Nembhard
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 300
Book Description
The author examines the theory and practice of government interventions in the financial sector of two newly industrializing countries, Brazil and South Korea. Findings from this study help to explain the widespread use of such interventions despite the generally negative predictions (of inefficiencies and general failure) which derive from more prominent and traditional theories. This work contributes a political-economic exploration of how, when, and what kinds of financial regulations can be successful. Historical and institutional analysis of the use of capital controls, credit controls, and economic planning in Brazil and the Republic of Korea illuminate the ways in which strategic use of specific financial controls facilitate these countries's efforts to industrialize rapidly, and solve the problems of capital creation, productivity, preservation, and disciplined management.
Capital Control, Financial Regulation, and Industrial Policy in South Korea and Brazil
Author: Jessica Gordon Nembhard
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 300
Book Description
The author examines the theory and practice of government interventions in the financial sector of two newly industrializing countries, Brazil and South Korea. Findings from this study help to explain the widespread use of such interventions despite the generally negative predictions (of inefficiencies and general failure) which derive from more prominent and traditional theories. This work contributes a political-economic exploration of how, when, and what kinds of financial regulations can be successful. Historical and institutional analysis of the use of capital controls, credit controls, and economic planning in Brazil and the Republic of Korea illuminate the ways in which strategic use of specific financial controls facilitate these countries's efforts to industrialize rapidly, and solve the problems of capital creation, productivity, preservation, and disciplined management.
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 300
Book Description
The author examines the theory and practice of government interventions in the financial sector of two newly industrializing countries, Brazil and South Korea. Findings from this study help to explain the widespread use of such interventions despite the generally negative predictions (of inefficiencies and general failure) which derive from more prominent and traditional theories. This work contributes a political-economic exploration of how, when, and what kinds of financial regulations can be successful. Historical and institutional analysis of the use of capital controls, credit controls, and economic planning in Brazil and the Republic of Korea illuminate the ways in which strategic use of specific financial controls facilitate these countries's efforts to industrialize rapidly, and solve the problems of capital creation, productivity, preservation, and disciplined management.
Capital Flight and Capital Controls in Developing Countries
Author: Gerald A. Epstein
Publisher: Edward Elgar Publishing
ISBN: 9781781008058
Category : Business & Economics
Languages : en
Pages : 368
Book Description
Capital flight - the unrecorded export of capital from developing countries - often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This situation is often reversed, however, with capital fleeing poorer countries for wealthier, capital-abundant locales. Using a common methodology for a set of case studies on the size, causes and consequences of capital flight in developing countries, the contributors address the extent of capital flight, its effects, and what can be done to reverse it. Case studies of Brazil, China, Chile, South Africa, Thailand, Turkey and the Middle East provide rich descriptions of the capital flight phenomena in a variety of contexts. The volume includes a detailed description of capital flight estimation methods, a chapter surveying the impact of financial liberalization, and several chapters on controls designed to solve the capital flight problem. The first book devoted to the careful calculation of capital flight and its historical and policy context, this volume will be of great interest to students and scholars in the areas of international finance and economic development.
Publisher: Edward Elgar Publishing
ISBN: 9781781008058
Category : Business & Economics
Languages : en
Pages : 368
Book Description
Capital flight - the unrecorded export of capital from developing countries - often represents a significant cost for developing countries. It also poses a puzzle for standard economic theory, which would predict that poorer countries be importers of capital due to its scarcity. This situation is often reversed, however, with capital fleeing poorer countries for wealthier, capital-abundant locales. Using a common methodology for a set of case studies on the size, causes and consequences of capital flight in developing countries, the contributors address the extent of capital flight, its effects, and what can be done to reverse it. Case studies of Brazil, China, Chile, South Africa, Thailand, Turkey and the Middle East provide rich descriptions of the capital flight phenomena in a variety of contexts. The volume includes a detailed description of capital flight estimation methods, a chapter surveying the impact of financial liberalization, and several chapters on controls designed to solve the capital flight problem. The first book devoted to the careful calculation of capital flight and its historical and policy context, this volume will be of great interest to students and scholars in the areas of international finance and economic development.
The Oxford Handbook of Industrial Policy
Author: Arkebe Oqubay
Publisher: Oxford University Press, USA
ISBN: 0198862423
Category : Business & Economics
Languages : en
Pages : 981
Book Description
Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives, and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.
Publisher: Oxford University Press, USA
ISBN: 0198862423
Category : Business & Economics
Languages : en
Pages : 981
Book Description
Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives, and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.
Envisioning Brazil
Author: Marshall C. Eakin
Publisher: University of Wisconsin Pres
ISBN: 0299207730
Category : Education
Languages : en
Pages : 532
Book Description
Envisioning Brazil is a comprehensive and sweeping assessment of Brazilian studies in the United States. Focusing on synthesis and interpretation and assessing trends and perspectives, this reference work provides an overview of the writings on Brazil by United States scholars since 1945. "The Development of Brazilian Studies in the United States," provides an overview of Brazilian Studies in North American universities. "Perspectives from the Disciplines" surveys the various academic disciplines that cultivate Brazilian studies: Portuguese language studies, Brazilian literature, art, music, history, anthropology, Amazonian ethnology, economics, politics, and sociology. "Counterpoints: Brazilian Studies in Britain and France" places the contributions of U.S. scholars in an international perspective. "Bibliographic and Reference Sources" offers a chronology of key publications, an essay on the impact of the digital age on Brazilian sources, and a selective bibliography.
Publisher: University of Wisconsin Pres
ISBN: 0299207730
Category : Education
Languages : en
Pages : 532
Book Description
Envisioning Brazil is a comprehensive and sweeping assessment of Brazilian studies in the United States. Focusing on synthesis and interpretation and assessing trends and perspectives, this reference work provides an overview of the writings on Brazil by United States scholars since 1945. "The Development of Brazilian Studies in the United States," provides an overview of Brazilian Studies in North American universities. "Perspectives from the Disciplines" surveys the various academic disciplines that cultivate Brazilian studies: Portuguese language studies, Brazilian literature, art, music, history, anthropology, Amazonian ethnology, economics, politics, and sociology. "Counterpoints: Brazilian Studies in Britain and France" places the contributions of U.S. scholars in an international perspective. "Bibliographic and Reference Sources" offers a chronology of key publications, an essay on the impact of the digital age on Brazilian sources, and a selective bibliography.
The Changing Politics of Finance in Korea and Thailand
Author: Xiaoke Zhang
Publisher: Routledge
ISBN: 1134426488
Category : Business & Economics
Languages : en
Pages : 255
Book Description
This book represents the first systematic attempt to explore the financial crisis in an interdisciplinary and comparative perspective and is essential reading for both policy-makers and academics interested in national governance.
Publisher: Routledge
ISBN: 1134426488
Category : Business & Economics
Languages : en
Pages : 255
Book Description
This book represents the first systematic attempt to explore the financial crisis in an interdisciplinary and comparative perspective and is essential reading for both policy-makers and academics interested in national governance.
Money Power and Financial Capital in Emerging Markets
Author: Ilias Alami
Publisher: Routledge
ISBN: 1000769003
Category : Business & Economics
Languages : en
Pages : 236
Book Description
This book provides a comprehensive investigation of the messy and crisis-ridden relationship between the operations of capitalist finance, global capital flows, and state power in emerging markets. The politics, drivers of emergence, and diversity of these myriad forms of state power are explored in light of the positionality of emerging markets within the network of space and power relations that characterises contemporary global finance. The book develops a multi-disciplinary perspective and combines insights from Marxist political economy, post-Keynesian economics, economic geography, and postcolonial and feminist International Political Economy. Alami comprehensively reviews the theories, histories, and geographies of cross-border finance management, and develops a conceptual framework which allows unpacking the complex entanglement of constraint and opportunities, of growing integration and tight discipline, that cross-border finance represents for emerging markets. Extensive fieldwork research provides an in-depth comparative critical interrogation of the policies and regulations deployed in Brazil and South Africa. This volume will be especially useful to those researching and working in the areas of international political economy, contemporary geographies of money and finance, and critical development studies. It should also prove of interest to policy makers, practitioners, and activists concerned with the relation between finance and development in emerging markets and beyond.
Publisher: Routledge
ISBN: 1000769003
Category : Business & Economics
Languages : en
Pages : 236
Book Description
This book provides a comprehensive investigation of the messy and crisis-ridden relationship between the operations of capitalist finance, global capital flows, and state power in emerging markets. The politics, drivers of emergence, and diversity of these myriad forms of state power are explored in light of the positionality of emerging markets within the network of space and power relations that characterises contemporary global finance. The book develops a multi-disciplinary perspective and combines insights from Marxist political economy, post-Keynesian economics, economic geography, and postcolonial and feminist International Political Economy. Alami comprehensively reviews the theories, histories, and geographies of cross-border finance management, and develops a conceptual framework which allows unpacking the complex entanglement of constraint and opportunities, of growing integration and tight discipline, that cross-border finance represents for emerging markets. Extensive fieldwork research provides an in-depth comparative critical interrogation of the policies and regulations deployed in Brazil and South Africa. This volume will be especially useful to those researching and working in the areas of international political economy, contemporary geographies of money and finance, and critical development studies. It should also prove of interest to policy makers, practitioners, and activists concerned with the relation between finance and development in emerging markets and beyond.
The Korean Financial Crisis of 1997—A Strategy of Financial Sector Reform
Author: Mr.Angel J. Ubide
Publisher: International Monetary Fund
ISBN: 1451844646
Category : Business & Economics
Languages : en
Pages : 67
Book Description
After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.
Publisher: International Monetary Fund
ISBN: 1451844646
Category : Business & Economics
Languages : en
Pages : 67
Book Description
After years of strong performance, Korea’s economy entered a crisis in 1997, owing largely to structural problems in its financial and corporate sectors. These problems emerged in the second half of that year, when the capital inflows that had helped finance Korea’s growth were reversed, as foreign investors—reeling from losses in other Southeast Asian economies—decided to reduce their exposure to Korea. This paper focuses on the sources of the crisis that originated in the financial sector, the measures taken to deal with it, and the evolution of key banking and financial variables in its aftermath.
The Making of Global Capitalism
Author: Leo Panitch
Publisher: Verso Books
ISBN: 1781684413
Category : History
Languages : en
Pages : 605
Book Description
The all-encompassing embrace of world capitalism at the beginning of the twenty-first century was generally attributed to the superiority of competitive markets. Globalization had appeared to be the natural outcome of this unstoppable process. But today, with global markets roiling and increasingly reliant on state intervention to stay afloat, it has become clear that markets and states aren't straightforwardly opposing forces. In this groundbreaking work, Leo Panitch and Sam Gindin demonstrate the intimate relationship between modern capitalism and the American state. The Making of Global Capitalism identifies the centrality of the social conflicts that occur within states rather than between them. These emerging fault lines hold out the possibility of new political movements that might transcend global markets.
Publisher: Verso Books
ISBN: 1781684413
Category : History
Languages : en
Pages : 605
Book Description
The all-encompassing embrace of world capitalism at the beginning of the twenty-first century was generally attributed to the superiority of competitive markets. Globalization had appeared to be the natural outcome of this unstoppable process. But today, with global markets roiling and increasingly reliant on state intervention to stay afloat, it has become clear that markets and states aren't straightforwardly opposing forces. In this groundbreaking work, Leo Panitch and Sam Gindin demonstrate the intimate relationship between modern capitalism and the American state. The Making of Global Capitalism identifies the centrality of the social conflicts that occur within states rather than between them. These emerging fault lines hold out the possibility of new political movements that might transcend global markets.
Monetary And Financial Management In Asia In The 21st Century
Author: Augustine H H Tan
Publisher: World Scientific
ISBN: 9814487651
Category : Business & Economics
Languages : en
Pages : 379
Book Description
This book contains papers selected from the 25th Federation of ASEAN Economic Associations Annual Meeting, hosted by the Economic Society of Singapore on 7-8 September 2000, in Singapore. East and Southeast Asia had just emerged from the devastation of the Asian currency crisis of 1997-8. The theme of the conference was chosen to enable participants to examine macroeconomic policies, particularly fiscal, monetary and exchange rate policies that would enable their countries to sustain economic growth without the trauma of financial and currency crises. Prominent economists Ronald McKinnon (Stanford University) and John Williamson (Institute for International Economics) presented four papers about alternative exchange rate regimes. Representative papers from five countries, viz. Indonesia, Malaysia, South Korea, the Philippines and Singapore, are also included in the volume.
Publisher: World Scientific
ISBN: 9814487651
Category : Business & Economics
Languages : en
Pages : 379
Book Description
This book contains papers selected from the 25th Federation of ASEAN Economic Associations Annual Meeting, hosted by the Economic Society of Singapore on 7-8 September 2000, in Singapore. East and Southeast Asia had just emerged from the devastation of the Asian currency crisis of 1997-8. The theme of the conference was chosen to enable participants to examine macroeconomic policies, particularly fiscal, monetary and exchange rate policies that would enable their countries to sustain economic growth without the trauma of financial and currency crises. Prominent economists Ronald McKinnon (Stanford University) and John Williamson (Institute for International Economics) presented four papers about alternative exchange rate regimes. Representative papers from five countries, viz. Indonesia, Malaysia, South Korea, the Philippines and Singapore, are also included in the volume.
An East Asian Model for Latin American Success
Author: Anil Hira
Publisher: Routledge
ISBN: 1351959026
Category : Political Science
Languages : en
Pages : 344
Book Description
Latin America is at a uniquely important juncture in its history and the history of development more generally. Neoliberal market-orientated policies are being called into question, growth has been volatile and equity has stayed the same or worsened. In Latin America there is no clear direction for change. This book presents an alternative development path for Latin America based on an East Asian model. East Asia remains the only developing region so far with high stable and equitable economic development. Based on in depth analysis and the presentation of new and unique material, this study provides a new perspective on the lessons of China's rapid development and examines relations between states and companies that have led to greater success by East Asian companies entering new international markets. More importantly, it highlights how Latin American politics can and must be transformed.
Publisher: Routledge
ISBN: 1351959026
Category : Political Science
Languages : en
Pages : 344
Book Description
Latin America is at a uniquely important juncture in its history and the history of development more generally. Neoliberal market-orientated policies are being called into question, growth has been volatile and equity has stayed the same or worsened. In Latin America there is no clear direction for change. This book presents an alternative development path for Latin America based on an East Asian model. East Asia remains the only developing region so far with high stable and equitable economic development. Based on in depth analysis and the presentation of new and unique material, this study provides a new perspective on the lessons of China's rapid development and examines relations between states and companies that have led to greater success by East Asian companies entering new international markets. More importantly, it highlights how Latin American politics can and must be transformed.