Weighing up the costs and benefits of economic interdependence in a finance-driven world from a development perspective, 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, rebalance domestic and external sources of growth, and better manage integration into unstable international finance.

Liberalization, Financial Instability and Economic Development brings together a range of essays from Y lmaz Akyuz s recent...

Weighing up the costs and benefits of economic interdependence in a finance-driven world from a development perspective, 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, rebalance domestic and external sources of growth, and better manage integration into unstable international finance.

Liberalization, Financial Instability and Economic Development brings together a range of essays from Y lmaz Akyuz s recent...

Ali Kadri examines how over the last three decades the Arab world has undergone a process of developmental descent, or de-development. He defines de-development as the purposeful deconstruction of developing entities. The Arab world has lost its wars and its society restructured to absorb the terms of defeat masquerading as development policies under neoliberalism. Foremost in this process of de-development are the policies of de-industrialisation that have laid to waste the production of knowledge, created a fully compradorial ruling class that relies on commerce and international finance...

Since the 2008 collapse of Lehman Brothers, central banking has changed dramatically. Over the past five years central banks have intervened in both public and private debt markets, taking on functions of dealers of last resort, while simultaneously designing regulatory and resolution frameworks with the explicit aim of changing bank business models, all in order to contain and better address systemic risk. This book explores these developments through collected essays from authors from both academia and policy circles, and sets them in the context of the European crisis.

Central...

Conditions of malnutrition, conflict, or a combination of both characterize many Arab countries, but this was not always so. As in much of the developing world, the immediate post-independence period was an age of hope and relative prosperity. But imperialism did not sleep while these countries developed, and it soon intervened to destroy these post-independence achievements.

The two principal defeats and losses of territory to Israel in 1967 and 1973, as well as the others that followed, left in their wake more than the destruction of assets and the loss of human lives: the Arab...

During Latin America's China-led commodity boom, governments turned a blind eye to the inherent flaws in the region's economic policy. Now that the commodity boom is coming to an end, those flaws cannot be ignored. High on the list of shortcomings is the fact that Latin American governments--and Chinese investors--largely fell short of mitigating the social and environmental impact of commodity-led growth.

China and Sustainable Development in Latin America documents the social and environmental impact of the China-led commodity boom in the region. Primary commodity exploitation--of...

During Latin America's China-led commodity boom, governments turned a blind eye to the inherent flaws in the region's economic policy. Now that the commodity boom is coming to an end, those flaws cannot be ignored. High on the list of shortcomings is the fact that Latin American governments--and Chinese investors--largely fell short of mitigating the social and environmental impact of commodity-led growth.

China and Sustainable Development in Latin America documents the social and environmental impact of the China-led commodity boom in the region. Primary commodity exploitation--of...

"Emerging Market Economies and Financial Globalization" offers a comparative analysis of the capital account liberalization process and the variety of policy responses generated among a reduced group of Latin American and Asian countries. In particular, the book critically examines these varied responses from a three-fold perspective: macro, micro-financial and institutional. From a macro perspective, the book compares exchange rate regimes, monetary policies and capital account liberalization paths adopted at each of the selected countries. In other words, the book analyzes how emerging...