Liberalization, Financial Instability and Economic Development

Yilmaz Akyüz

ISBN 10: 1783082291 / ISBN 13: 9781783082292

Published by Anthem Press, GB, 2014

About this Item

Weighing up the costs and benefits of economic interdependence in a finance-driven world, this book argues that globalization, understood and promoted as absolute freedom for all forms of capital, has been oversold to the Global South, and that the South should be as selective about globalization as the North. 'Liberalization, Financial Instability and Economic Development' challenges the orthodoxy on the link between financial deepening and economic growth, as well as that between the efficiency of financial markets and the benefits of liberalization. Ultimately, the author urges developing countries to control capital flows and asset bubbles, preventing financial fragility and crises, and recommends regional policy options for managing capital flows and exchange rates.

Seller Inventory # LU-9781783082292

Bibliographic Details

• Title: Liberalization, Financial Instability and Economic Development
• Publisher: Anthem Press, GB
• Publication Date: 2014
• Language: English
• ISBN 10: 1783082291
• ISBN 13: 9781783082292
• Binding: Hardback
• Condition: New
• Weight: 454 grams

About this title

Synopsis

Weighing up the costs and benefits of economic interdependence in a finance-driven world, this book argues that globalization, understood and promoted as absolute freedom for all forms of capital, has been oversold to the Global South, and that the South should be as selective about globalization as the North. ‘Liberalization, Financial Instability and Economic Development’ challenges the orthodoxy on the link between financial deepening and economic growth, as well as that between the efficiency of financial markets and the benefits of liberalization. Ultimately, the author urges developing countries to control capital flows and asset bubbles, preventing financial fragility and crises, and recommends regional policy options for managing capital flows and exchange rates.

About the Author

Yılmaz Akyüz is chief economist at the South Centre, an intergovernmental think tank for developing countries based in Geneva, Switzerland.