Capital Without Borders: Challenges to Development
Anthem Press, 2010 - Business & Economics - 238 pages
"Capital Without Borders: Challenges to Development contains selected papers from the Annual Conference on Development and Change (ACDC) held at Sao Paulo in November 2006. Second in a series of three conferences, the 2006 ACDC showcased research by relatively younger scholars. While precise and rigorous alternatives to the neoliberal agenda are often overlooked in the huge volume of literature that addresses the larger issues, both aspects - the larger picture and the smaller nuts-and-bolts details - are very important, and this volume fills the gaps in the latter category. These papers were written before the global recession, and events subsequent to the conference and the writing of these papers have validated several of the concerns raised by their authors. This volume focuses on a plethora of issues from the point of view of the South. It demonstrates, for example, that if capital inflows exceed a certain volume - no matter how they are absorbed - such openness will inevitably result in a crisis inthe receiving country. The popular understanding of foreign portfolio investment as more benign than foreign direct investment (FDI) is also challenged. By contrasting contemporary capital flows as well as the international capital flows of the nineteenth century, this collection highlights the role of regulation and the role of the state, and ultimately emphasizes the need for recipient country governments to exercise policy options to control the volume of foreign capital inflows."--Publisher's description.
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Intro du ction
How Financial Liberalization Led in the 1990s to Three
Timing the Mexican l99495 Financial Crisis using
What If the Income
Foreign Portfolio Investment Stock Market and Economic
External Debt Nationalization as a Major Tendency on Brazilian
Recrafting Bilateral Investment Treaties in a Development
Other editions - View all
afﬁliates analysis arbitration Argentina Asian assets balance Basel II beneﬁts Bilateral Investment Treaties billion BITs BoP constraint Brazil Brazilian capital ﬂows capital inﬂows CBRT Central Bank changes coffee competitive conﬁdence corporate cost crises deﬁcit deﬁned developing countries diversiﬁcation domestic currency East Asia economic effects equation exports external debt factor ﬁnance ﬁnancial crisis ﬁnancial institutions ﬁnancial liberalisation ﬁnancial markets ﬁrms ﬁrst ﬁscal foreign currency foreign exchange foreign portfolio investment global growth rate home country impact important income increase India industrial inﬂation targeting inﬂows interest rate internationalization investors issues Latin America liquidity loan macroeconomic Malaysia monetary nominal devaluations non—tradable period primary market private sector productivity R&D activities R&D expenditures ratio real exchange rate real wages reﬂect risk Sao Paulo share signiﬁcant speciﬁc stock market structural substitution terms of trade tradable sector transactions UNCTAD variable World Bank