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BOOK
Author Pereira, Luiz Carlos Bresser.
Title Globalization and competition : why some emergent countries succeed while others fall behind / Luiz Carlos Bresser Pereira.
Imprint Cambridge ; New York : Cambridge University Press, 2010.

LOCATION CALL # STATUS MESSAGE
 OTTERBEIN MAIN COLLECTION  HC59.7 .P447 2010    AVAILABLE  
LOCATION CALL # STATUS MESSAGE
 OTTERBEIN MAIN COLLECTION  HC59.7 .P447 2010    AVAILABLE  
Author Pereira, Luiz Carlos Bresser.
Subject Economic development -- Developing countries.
Finance -- Developing countries.
Competition -- Developing countries.
Developing countries -- Economic policy.
Description v, 256 p. : ill. ; 23 cm.
Bibliography Note Includes bibliographical references and index.
Contents 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.
Summary "Globalization and Competition explains why some middle-income countries, principally those in Asia, grow fast, while others are not as 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 over valuate 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."--BOOK JACKET.
ISBN 9780521196352 (hardback)
0521196353 (hardback)
9780521144537 (pbk.)
0521144531 (pbk.)
OCLC # 417444891