Financial Development, Economic Crises and Emerging Market Economies

Financial Development, Economic Crises and Emerging Market Economies PDF Author: Faruk Ulgen
Publisher: Routledge
ISBN: 1317301625
Category : Business & Economics
Languages : en
Pages : 247

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Book Description
Recurrent crises in emerging markets and in advanced economies in the last decades cast doubt about the ability of financial liberalization to meet the aims of sustainable economic growth and development. The increasing importance of financial markets and financial efficiency criterion over economic decisions and policies since the 1980s laid down the conditions of the development process of emerging market economies. Numerous crises experienced thereafter gave rise to flourishing work on the links between financialization and economic development. Several decades of observations and lessons can now be integrated into economic and econometric models to give more sophisticated and multivariable approaches to financial development with respect to growth and development issues. In the markets-based and private-enterprise dominated world economy, two conditions for a successful growth-enhancing financial evolution can at least be brought fore: macroeconomic stability and consistent supervision. But even after the 2007-2008 global crisis, economists do not agree on the meaning of those conditions. For liberal and equilibrium-market economists, good finance and supervision mean market-friendly structures while for institutionalists, post-Keynesian and Marxist economists, good finance and supervision must lie in collectively designed and managed public structures. Drawing heavily on the tumultuous crises of the 1990s-2000s, this book argues that those experiences can shed light on such a crucial issue and lead economic theory and policy to go beyond the blindness of efficient free markets doctrine to economic catastrophes. It also points to new challenges to global stability in the wake of reconfiguration of international financial arena under the weight of major emerging market economies.

Financial Development, Economic Crises and Emerging Market Economies

Financial Development, Economic Crises and Emerging Market Economies PDF Author: Faruk Ulgen
Publisher: Routledge
ISBN: 1317301625
Category : Business & Economics
Languages : en
Pages : 247

Get Book Here

Book Description
Recurrent crises in emerging markets and in advanced economies in the last decades cast doubt about the ability of financial liberalization to meet the aims of sustainable economic growth and development. The increasing importance of financial markets and financial efficiency criterion over economic decisions and policies since the 1980s laid down the conditions of the development process of emerging market economies. Numerous crises experienced thereafter gave rise to flourishing work on the links between financialization and economic development. Several decades of observations and lessons can now be integrated into economic and econometric models to give more sophisticated and multivariable approaches to financial development with respect to growth and development issues. In the markets-based and private-enterprise dominated world economy, two conditions for a successful growth-enhancing financial evolution can at least be brought fore: macroeconomic stability and consistent supervision. But even after the 2007-2008 global crisis, economists do not agree on the meaning of those conditions. For liberal and equilibrium-market economists, good finance and supervision mean market-friendly structures while for institutionalists, post-Keynesian and Marxist economists, good finance and supervision must lie in collectively designed and managed public structures. Drawing heavily on the tumultuous crises of the 1990s-2000s, this book argues that those experiences can shed light on such a crucial issue and lead economic theory and policy to go beyond the blindness of efficient free markets doctrine to economic catastrophes. It also points to new challenges to global stability in the wake of reconfiguration of international financial arena under the weight of major emerging market economies.

China And Latin America: Economic And Trade Cooperation In The Next Ten Years

China And Latin America: Economic And Trade Cooperation In The Next Ten Years PDF Author: Zhenxing Su
Publisher: World Scientific
ISBN: 9813202300
Category : Business & Economics
Languages : en
Pages : 706

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Book Description
The international financial crisis in 2008 marked the beginning of important changes in the international economic system. The emerging market economies are increasingly becoming a driving force for the global economic growth. Under such circumstances, the Sino-Latin American economic and trade cooperation has entered a new period of historical opportunity. Based on the economic development trend and the adjustment of policy, this book explores the prospect for Sino-Latin American economic and trade cooperation. It tracks the development path for this cooperation in the next 10 years by analyzing resource endowment, industrial structure, economic system, development pattern, basic economic policy, economic environment, economic and trade relations between China and Latin America .

Consecuencias financieras de la globalización

Consecuencias financieras de la globalización PDF Author: Eugenia Correa
Publisher: Camara de Deputados LX Legislatura
ISBN:
Category : Business & Economics
Languages : es
Pages : 580

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Book Description
Analiza las consecuencias de la globalización en el sistema financiero y monetario internacional que acarreó crisis económicas, entre finales del siglo XX y principios del XXI. Cubre principalmente el período de 1990 a 2003.

The Politics of Financial "Liberalization"

The Politics of Financial Author: Irma E. Sandoval-Ballesteros
Publisher:
ISBN:
Category :
Languages : en
Pages : 776

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Book Description


Los grandes problemas de México. Tomo 5. Desigualdad social

Los grandes problemas de México. Tomo 5. Desigualdad social PDF Author: Fernando Cortés y Orlandina de Oliveira, coordinadores
Publisher: El Colegio de Mexico AC
ISBN:
Category :
Languages : en
Pages : 432

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Book Description


Mexican Journal of Economics and Finance

Mexican Journal of Economics and Finance PDF Author:
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 386

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Book Description


 PDF Author:
Publisher: IICA
ISBN:
Category :
Languages : en
Pages : 168

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Book Description


Globalization, Regional Development and Local Response

Globalization, Regional Development and Local Response PDF Author: Leendert Andrew de Bell
Publisher: Rozenberg Publishers
ISBN: 9036100313
Category : Coahuila (Mexico : State)
Languages : en
Pages : 208

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Book Description
"In a world that has become increasingly interconnected over the past decades - economically, politically, socially, and culturally - new challenges are posed to development. Since the 1980s, development has increasingly become interpreted in terms of increasing integration into the world economy. Export-oriented manufacturing became widely viewed as the surest recipe for realizing economic growth while reducing income inequality, and the role of foreign direct investments became increasingly important in development strategies worldwide. However, not every region, industry and social group managed to become successfully integrated into the world economy. In order to explain why these processes of economic restructuring have had such a differential impact, this study situates developments within a wider historical social and political context to establish how these processes of globalization are mediated at the regional and local level. The main object of study concerns the drastic socioeconomic transformation that has taken place in the state of Coahuila - situated in the northeast of Mexico, bordering the United States - over the past three decades. In particular since the start of NAFTA in 1994, Coahuila has become one of Mexico's most successful export-oriented manufacturing states, most importantly as a result of the large number of foreign direct investments it received. However, the effects of these developments have been unevenly distributed among its sub-regions, while questions must also be raised about its ability to contribute to sustained, long-term growth with equity. The key issue appears to be not whether, but how regions and localities become linked to the world economy."--page 4 of cover

Hapi, Hispanic American Periodicals Index 1999

Hapi, Hispanic American Periodicals Index 1999 PDF Author:
Publisher:
ISBN: 9780879034320
Category : Reference
Languages : en
Pages : 766

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Book Description


La globalización financiera

La globalización financiera PDF Author: Benjamín Hopenhayn
Publisher: Fondo de Cultura Economica USA
ISBN:
Category : Business & Economics
Languages : es
Pages : 166

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Book Description
An lisis de los elementos clave que permiten comprender el origen, el desarrollo y los efectos principales de la globalizaci n financiera, marca caracter stica del capitalismo contempor neo. la naturaleza de las crisis y su relaci n con el funcionamiento de los mercados de capital, y el impacto en las econom as latinoamericanas, en particular la argentina, es el tema medular de este t tulo.