Financial Openness and National Autonomy
Opportunities and Constraints
Juliet B Schor editor Tariq Banuri editor
Format:Hardback
Publisher:Oxford University Press
Published:2nd Apr '92
Currently unavailable, and unfortunately no date known when it will be back
The latest volumes in WIDER Studies in Development Economics
A study of the effect that internationalization and deregulation of financial markets has had on the ability of governments of developing countries to control their own fiscal and monetary policy.WIDER The World Institute for Development Economics Research, established in 1984, started work in Helsinki in 1985, with the financial support of the Government of Finland. Its principal purpose is to help identify and meet the need for policy-oriented socio-economic research on pressing global and developmental problems and their inter-relationships. WIDER's research projects are grouped into three main themes: hunger and poverty; money, finance, and trade; and development and technological transformation. The 1980s ushered in a `globalization' of finance, and governments began rejecting the task of engaging in international financial management. A new doctrine - global neoclassicism - arose, based on the idea that government regulation of financial markets was futile and foolish. The authors of this book tackle the question of whether national policy autonomy is still possible, in the process challenging the new orthodoxy, and the dangers attendant upon deregulation. They explore the `political economy' of financial openness, and the political nature of recent developments such as the ascendency of private financial interests and a reduced role for government regulation. The book includes both general historical and theoretical approaches, as well as case studies of various countries, such as Australia, Mexico, and Pakistan. It represents a major contribution in the political economy of international finance.
`thanks to the courageous editors and authors, researchers and policy-makers will find the book thought-provoking and controversial' The Economic Journal
ISBN: 9780198283645
Dimensions: 241mm x 165mm x 24mm
Weight: 675g
302 pages