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... Source: Khanna, T., Palepu, K., & Sinha, J. 2005. Strategies to fit Emerging Markets. Harvard Business Review, June ...
International Economic Relations and Information Communication
International Economic Relations and Information Communication

... with intense economical procedure throughout international and cross – national level. Globalization does not demand natural presence of the countries in order to conduct product exportation or importation, since all economical procedures may be achieved through the propagation of information and fi ...
Rebalancing for Sustainable Growth
Rebalancing for Sustainable Growth

... • Implement a region-wide FTA, including services and investment • Create an Asian currency unit to facilitate policy dialogue and bond market development • Increase Asian voice on global economic & financial institutions Kawai - Rebalancing for Sustainable Growth ...
PDF - Center For Global Development
PDF - Center For Global Development

... and relevant structural/sectoral policies even after prices have rebounded. Only thus will the Liberian economy become more resilient to future commodity price shocks. The second overriding theme I see is fighting the deep-seated Liberian cancer of corruption by building stronger institutions and d ...
Economic Crisis and Chaebol Reform in Korea
Economic Crisis and Chaebol Reform in Korea

... of board members. In the absence of shareholder monitoring, bank management was generally obliged to provide ‘policy-directed’ or ‘politically favored lending’ to corporate customers. Nor were depositors worried about their savings, since there existed a general belief that financial institutions wo ...
Globalization and Varieties of Capitalism
Globalization and Varieties of Capitalism

... financial investors swiftly identify and attack pockets of inefficiency, thus improving the efficiency of capital everywhere; they impose the disciplines of the market on incumbent management; they finance new activities and put old activities into the hands of those who can exploit them better; the ...
The Paradox of Capital - Eswar Prasad
The Paradox of Capital - Eswar Prasad

... ­capital—and hence greater unexploited investment opportuniform of accumulated international reserves. These flows may ties. In principle, this movement of capital should make poorer be driven by factors other than the basic rate-of-return concountries better off by giving them access to more financ ...
What explains who suffered most?
What explains who suffered most?

... ■ Household financial correction has some way to go ■ Business investment likely to be slow to recover given large overhang of spare capacity in many sectors, slowing recovery in countries dependent on capital goods ...
Globalization/De-Localization
Globalization/De-Localization

... toward  fields  offering  both  high  economic  returns  and  the  potential  to  improve   income   distribution,   such   as   primary   health   care,   primary   education,   and   infrastructures,  tax  reform,  interest  rate  liberalizatio ...
Andrzej Potocki
Andrzej Potocki

... toward fields offering both high economic returns and the potential to improve income distribution, such as primary health care, primary education, and infrastructures, tax reform, interest rate liberalization, a competitive exchange rate, trade liberalization, liberalization of inflows of foreign d ...
Hassel , Anke L tz , Susanne. 'Balancing Competition and Cooperation: The State s New Power in Crisis Management' LEQS Paper No. 51, July 2012
Hassel , Anke L tz , Susanne. 'Balancing Competition and Cooperation: The State s New Power in Crisis Management' LEQS Paper No. 51, July 2012

... international economic institutions, and other regimes that hindered national measures to restrict markets. The European project was aimed at creating markets, an aim that was forced forward by the special competences of the EU in competition policy or by the prominent role of the European Court of ...
NBER WORKING PAPER SERIES KEYNESIAN, NEW KEYNESIAN, AND NEW CLASSICAL ECONOMICS Bruce Greenwald
NBER WORKING PAPER SERIES KEYNESIAN, NEW KEYNESIAN, AND NEW CLASSICAL ECONOMICS Bruce Greenwald

... '°The belief that the capitalist economic system could not internally be flawed to the extent that it gave rise endogenously to fluctuations provides much of the motivation for the search for an external culprit, usually identified as the "government" or "monetary authorities." ''There are other sta ...
living on borrowed time - The Centre for Independent Studies
living on borrowed time - The Centre for Independent Studies

... included all the G7, that had ratios of total (public and private) debt of over 200% of GDP in 2014 (see column 2 in Table 1). In many countries, private debt has shown a tendency to become public debt during crises. Increasing shares of public debt have been parked in the balance sheets of the cent ...
PDF Download
PDF Download

... the right moment to enact them would be an invitation to all the lobbies of this world to organize themselves to prevent the needed changes. Those economists who contributed to pushing the countries into the current fiscal mess, believing that they were rescuing them from a great depression, are not ...
1. Evaluating austerity in overcoming economic
1. Evaluating austerity in overcoming economic

... investment. Governments fund their budget deficits through government bonds; When national economies are sound, markets face a low risk factor and have trust in the credit ability of the respective government, rendering government bond yields low. This automatically implies that the government borro ...
1 The `New Economics` and Policies for Financial Stability Philip
1 The `New Economics` and Policies for Financial Stability Philip

... equation, reflecting the effects on demand – and hence employment – of variations in the exchange rate. Cycles and fluctuations in economic activity occur frequently and full employment is, at best, a rather infrequent occurrence. Changes in economic activity impact the rate of change of prices and ...
Forms of Economic Globalization - sugarhoover ¨¨ rit´s portfolio
Forms of Economic Globalization - sugarhoover ¨¨ rit´s portfolio

... dependence among countries, regions and their economic systems. The openness of economy, share of foreign trade or exports in GDP, foreign investments and international payments are the major indicators of the globalization within individual states. Industry globalization is clearly illustrated firs ...
Industry and Trade in a Global Economy With Special
Industry and Trade in a Global Economy With Special

... countries has been, and continues to be captured by just these four small economies. Their combined population is 71 million or a mere 3.5% of the total population of the developing world, and yet they contribute about one-third of all the trade of the developing countries.10 This story of concentra ...
Gendering the inequality debate
Gendering the inequality debate

... while low-paid workers are assumed to be less skilled and therefore face increasing competition from workers in low-income countries and from inward migration (Krugman 2002). The OECD (2011) re-estimated the significance of these differing explanations, and found that weaker labour market regulation ...
Financial crises, institutional change and small welfare states.
Financial crises, institutional change and small welfare states.

... and this is combined to a comparative analysis of four different countries. The institutional changes are related to the current process of globalization. Globalization is interpreted as a development involving not only free trade and direct foreign investments, but essentially also financial market ...
Globalization the end of the social contract
Globalization the end of the social contract

... for its right to reduce citizen’s income, be that through high taxes, high prices, or other means” (Schaede 2003). This implies that the social contract differs from country to country reflecting the way in which it was crafted over the course of their histories, and also implies that it could be in ...
Economic Institutions and Institutional Change in Turkey during the
Economic Institutions and Institutional Change in Turkey during the

... state controls over economic activity and were therefore against market-oriented reforms. The way Özal tried to deal with such resistance was to sidestep normal procedures and centralize policy making authority. For example, in one important move, an Undersecretariat of Treasury and Foreign Trade w ...
New Growth Models: Challenges and steps to achieving patterns of
New Growth Models: Challenges and steps to achieving patterns of

... individual economies and, in some dimensions, the global economy, is being eroded. The existing growth patterns, most believe, will not work as the global economy triples in size. The destruction of natural capital will ultimately shortcircuit growth and expanding prosperity. Running down natural ca ...
We live in a world of paradoxes and puzzles
We live in a world of paradoxes and puzzles

... complicating the lives of real estate developers). “Yes”, the silly economist goes on, “if only uneducated voters understood the simple logic of markets they would understand how much better off both artistes and communities at large would be without zoning, planning and other intrusive aspects of ...
Increased Understanding of Supply-side Economics
Increased Understanding of Supply-side Economics

... With regard to macroeconomics, therefore, the focus was largely on aggregate demand and determinants of the level of employment. It seems to have been more or less implicitly assumed that, if full employment were achieved and maintained, economic growth would be the automatic result and that few, if ...
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Globalization and Its Discontents

Globalization and Its Discontents is a book published in 2002 by the 2001 Nobel laureate Joseph E. Stiglitz.The book draws on Stiglitz's personal experience as chairman of the Council of Economic Advisers under Bill Clinton from 1993 and chief economist at the World Bank from 1997. During this period Stiglitz became disillusioned with the IMF and other international institutions, which he came to believe acted against the interests of impoverished developing countries. Stiglitz argues that the policies pursued by the IMF are based on neoliberal assumptions that are fundamentally unsound:Behind the free market ideology there is a model, often attributed to Adam Smith, which argues that market forces—the profit motive—drive the economy to efficient outcomes as if by an invisible hand. One of the great achievements of modern economics is to show the sense in which, and the conditions under which, Smith's conclusion is correct. It turns out that these conditions are highly restrictive. Indeed, more recent advances in economic theory—ironically occurring precisely during the period of the most relentless pursuit of the Washington Consensus policies—have shown that whenever information is imperfect and markets incomplete, which is to say always, and especially in developing countries, then the invisible hand works most imperfectly. Significantly, there are desirable government interventions which, in principle, can improve upon the efficiency of the market. These restrictions on the conditions under which markets result in efficiency are important—many of the key activities of government can be understood as responses to the resulting market failures.Stiglitz argues that IMF policies contributed to bringing about the East Asian financial crisis, as well as the Argentine economic crisis. Also noted was the failure of Russia's conversion to a market economy and low levels of development in Sub-Saharan Africa. Specific policies criticised by Stiglitz include fiscal austerity, high interest rates, trade liberalization, and the liberalization of capital markets and insistence on the privatization of state assets.
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