Liberalization, Financial Instability and Economic Development

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Author: Yılmaz Akyüz

Language: English

Publisher: Anthem Press, South Centre, Third World Network

Publishing Place: London, New York, Geneva, Penang

Publishing Year: 2014

ISBN 978-92-9162-044-9


No. of pages: 327


SKU: N/A Category:

About the Book:

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 of the South Centre and a former Director of the Division on Globalization and Development Strategies at the United Nations Conference on Trade and Development (UNCTAD).


Table of Contents (.PDF)


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