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The Order Of Economic Liberalization

Author : Ronald I. Mckinnon
ISBN : 0801847435
Genre : Business & Economics
File Size : 29. 97 MB
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Can knowledge of financial policies in developing countries over four decades help the socialist economies of Asia and Eastern Europe become open market economies in the 1990s? In all these countries the loss of fiscal and monetary control has often resulted in high inflation that undermines the liberalization process itself. In the second edition of The Order of Economic Liberalization, Ronald McKinnon builds on his influential work on the liberalization of financial markets in less developed countries and outlines the progression necessary to move from a "repressed" to an open economy. New to this edition are chapters that contrast the gradual Chinese approach to liberalizing domestic and foreign trade with the "big bang" approach followed by some Eastern European countries and republics of the former Soviet Union. Financial control and macroeconomic stability, McKinnon argues, are more critical to a successful transition than is any crash program to privatize state-owned industrial assets and the banking system.

The Order Of Economic Liberalization

Author : Ronald I. Mckinnon
ISBN : UCSD:31822016855645
Genre : Business & Economics
File Size : 34. 9 MB
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Can knowledge of financial policies in developing countries over four decades help the socialist economies of Asia and Eastern Europe become open market economies in the 1990s? In all these countries the loss of fiscal and monetary control has often resulted in high inflation that undermines the liberalization process itself. In the second edition of The Order of Economic Liberalization, Ronald McKinnon builds on his influential work on the liberalization of financial markets in less developed countries and outlines the progression necessary to move from a "repressed" to an open economy. New to this edition are chapters that contrast the gradual Chinese approach to liberalizing domestic and foreign trade with the "big bang" approach followed by some Eastern European countries and republics of the former Soviet Union. Financial control and macroeconomic stability, McKinnon argues, are more critical to a successful transition than is any crash program to privatize state-owned industrial assets and the banking system.

Economic Liberalization And Domestic Instability

Author : Nina Wiesehomeier
ISBN : 9783832493790
Genre : Political Science
File Size : 21. 36 MB
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Inhaltsangabe:Abstract: During the nineties globalization has become one of the most disputed issues in the social sciences and a lively debate about its possible detrimental or beneficial consequences is going on. Among economists there exists the general consensus that global economic integration enhances welfare through market allocations that are assumed to be efficient. The majority of papers hereby concentrate on explaining what the causes for the increasing economic liberalization are, the feasibility of these reforms, limiting the debate to the question of correct sequencing of the distinct measures, or to the causes of either their success or failure. Another phenomena of the last decade has been the increasing amount of armed intrastate conflicts around the world which reached its peak in the early 1990s. Although economic aspects gained in interest as roots of internal war, economic liberalization per se was not considered as a causal factor. This study therefore examines the question of whether economic liberalization is likely to fan the flames of domestic violent conflict, thereby distinguishing between long-term and short-term consequences of this process. I assume that in the long-term economic liberalization has a pacifying effect as the abolition of trade barriers fosters export-led growth. On the contrary, in the short-term, after an economic reform has been introduced, distributional effects will have a major impact on society, causing winners and losers. This situation is likely to trigger domestic instability and violent conflict if the winners are not able or willing to compensate the losers for their economic losses. To explain cleavages arising in society, this study adds an institutional perspective to Rogowski s model based on the Stolper-Samuelson Theorem and highlights it with an exemplary application with the Rubinstein Model. I illustrate the propositions derived from this model by presenting the case of Guinea-Bissau. Testing statistically the causal mechanism between economic liberalization and domestic conflict and intervening factors of political, sociological, and economical kinds, it furthermore engages in comparative work in a dual sense: the study moves across different levels of analysis and compares the three statistical tools ordinary logit, random effects logit and general estimating equation. It first starts with a sample comprising 90 developing countries for the time period of 1978 to 1998 and focuses [...]

Some Reflections On Economic Liberalization In The Sudan

Author : Isaac Bior Deng Bior
ISBN : OCLC:163422448
Genre :
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Japanese Dependence On World Economy

Author : Leon Hollerman
ISBN : 0691623171
Genre : Business & Economics
File Size : 67. 41 MB
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The description for this book, Japanese Dependence on World Economy: An Approach Toward Economic Liberalization, will be forthcoming.

Economic Reform And The Liberalisation Of The Indian Economy

Author : Richard Tregurtha Shand
ISBN : STANFORD:36105114381911
Genre : Business & Economics
File Size : 23. 25 MB
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A decade after the implementation of the initial wave of economic reforms in India, the process of transforming the country into a fully developed market economy continues. A hallmark of the globalised economy is its ability to sustain competitive efficiency which, in turn, can lead to enhanced growth. This important new book gauges how far India has been successful in achieving this goal by implementing the correct economic reform measures. There is a severe lack of solid analytical evidence or rigorous scientific studies on the success of India's economic reforms. The expert authors attempt to redress this imbalance with a thorough analysis of key aspects of the state of the Indian economy since 1991. Keeping poverty reduction as the major objective, they comprehensively discuss and identify further reform measures which are vital in the monetary, fiscal and agriculture sectors in order to maintain and improve the momentum of growth. When compared with East Asian countries including China, India's lacklustre growth performance indicates that the task of reform is far from over. The authors argue that India needs to pursue its reform process much more vigorously at both the central and state levels in order to achieve its full growth potential. Providing a comprehensive assessment of the impact of economic reforms in India, this book will appeal to policymakers, researchers and students with an interest in developing economies. Political scientists as well as economists in the fields of liberalisation and international development will also find this an engaging and enlightening volume.

The Origins Of Liberty

Author : Paul W. Drake
ISBN : 9780691057552
Genre : Business & Economics
File Size : 59. 60 MB
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Why would sovereigns ever grant political or economic liberty to their subjects? This book draws on a wide array of empirical and theoretical approaches to answer this question, investigating both why sovereign powers might liberalize and also when. Chapters cover topics as diverse as 17th-century England, 20th-century Chile, and why even democratic governments see a need to reduce state power.

Economic Liberalization In India

Author : Deepak Nayyar
ISBN : UOM:39015052470104
Genre : India
File Size : 41. 76 MB
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The object of this essay is to provide an analysis and an assessment of economic liberalization in India. It begins with a discussion of the crisis in the economy which surfaced in 1991. It examines the logic and the assumptions of the strategy adopted by the government in response, and sets out a critique based on economic theory and experience elsewhere. It assesses the impact of stabilization on inflation, balance of payments, output, employment and poverty.

Discussion Paper Series

Author : Kennedy School of Government. Public Policy Program
ISBN : UIUC:30112039975245
Genre :
File Size : 40. 70 MB
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Economic Liberalization And Labor Markets

Author : Parviz Dabir-Alai
ISBN : 0313303584
Genre : Business & Economics
File Size : 74. 2 MB
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Reflects on the association between economic liberalization policies and labor markets in a host of developing and transition economies.

Japan S Dependence On The World Economy

Author : Leon Hollerman
ISBN : LCCN:66026586
Genre : Japan
File Size : 75. 83 MB
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Measuring The Health Of The Liberal International Order

Author : Michael J. Mazarr
ISBN : 9780833098023
Genre : POLITICAL SCIENCE
File Size : 24. 36 MB
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Cover -- Title Page -- Copyright -- Preface -- Contents -- Figures -- Tables -- Summary -- Acknowledgments -- Abbreviations -- Chapter One: Introduction -- The Order and Its Health -- Challenges with Measurement -- Methodology -- Structure of the Report -- Chapter Two: Participation in Formal Regional and International Institutions -- Steady Institutional Participation -- Integrating International Order into Domestic Institutions -- Increasingly Diverse and Informal Institutions -- Building New Institutions -- Regional Institutions -- Chapter Three: Economic Liberalization and Interdependence -- Trade and Financial Integration -- Capital Markets and Foreign Direct Investment -- Response to Crises -- Development Assistance -- Chapter Four: International Conflict and Peace -- Treaties of Pacific Settlement -- Territorial Changes Resulting from Conflict -- Status of Controls on Weapons of Mass Destruction -- Levels of Conflict -- Ability to Constrain Major War -- Chapter Five: Adherence to Liberal Norms and Values -- Democracy and Liberal Systems -- Human Rights -- Corruption and the Rule of Law -- Economic Growth and Democratic Stability -- Chapter Six: Major-Power Signaling and Policies Toward Order -- Russia -- China -- India -- Brazil -- Conclusion -- Chapter Seven: Public Attitudes Toward Elements of the Order -- Support for the Order's Rules and Institutions -- Support for Trade -- Support for Liberal Norms and Values -- Support for Internationalism -- The Rise of Nationalism -- Chapter Eight: Foundations of Order: Geopolitics and Ideology -- Geopolitical Trends -- Ideological Trends -- Conclusion: Causes for Worry -- Chapter Nine: Summing Up: The State of the Order -- The Importance of Ideas and Beliefs -- Recognizing Danger Signs -- Implications for Policy -- References

Beyond Economic Liberalization In Africa

Author : Kidane Mengisteab
ISBN : MINN:31951D01268819C
Genre : Business & Economics
File Size : 56. 67 MB
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Have structural adjustment programmes in Africa largely failed? Ought the World Bank and the IMF to be paying more attention to the particular circumstances of individual countries and to the alternative policies being proposed by the Africans? The contributors to this volume assert both positions. Case studies of education, health, public services and import-export performance demonstrate the frequent lack of success of structural adjustment. These are followed by alternative approaches to overcoming Africa's economic and human crises, including the importance of democracy in securing responsiveness of state policy to public needs, the structural advantages of regional integration, sustainable development strategies that build on the continent's resource base, and a new partnership between state and market.

Capital Controls And Trade Liberalization In A Monetary Economy

Author : Mr.B. Jang
ISBN : 9781451844122
Genre : Business & Economics
File Size : 65. 28 MB
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This paper reexamines Aizenman’s (1985) results on the effects of capital controls during unanticipated trade liberalization using an intertemporal optimizing monetary model. Unlike in Aizenman’s model, which is based on the currency substitution model, foreign money is an interest-bearing asset in this paper, and its major role is to smooth intertemporal consumption. With this modification, Aizenman’s results are reversed, thus showing that the effects of capital controls during trade liberalization would vary greatly depending on the role of foreign money in a country. The effects of an anticipated trade liberalization are also studied.

Economic Liberalization

Author : Tariq Banuri
ISBN : UCAL:B4395740
Genre : Asia
File Size : 75. 12 MB
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Written by leading economists, the papers in this collection examine the different effects of trade and financial liberalization on the economic performance of Latin America and Asia. In the face of a deepening economic crisis in Latin America, the contributors examine the assumptions and dangers of indiscriminate economic liberalization policies which disregard the institutional arrangements or historical background of a country in the interests of narrower, more technical criteria such as speed of policy implementation. Addressing policy, conflict management, Asian and Latin American economies, and labor market institutions in Asia and Latin America, this study is an important contribution to the debate on trade and financial liberalization.

Liberalization In The Process Of Economic Development

Author : Lawrence B. Krause
ISBN : 9780520376212
Genre : Business & Economics
File Size : 84. 17 MB
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Economic growth in all developing countries is guided, and often accelerated, by generally intrusive policies implemented by governments intent on playing an active role in furthering development. As economies have grown and become more complex, however, even small market distortions are magnified, and the tendency is to rely more heavily on the market for continued growth. In this volume, leading experts in economic development examine the variety of issues that arise as governments in some of the newly industrializing countries of Southeast Asia, such as South Korea, Taiwan, and Singapore, grapple with this difficult process of liberalization. This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1991.

Private Sector Responses To Economic Liberalization Policies In Brazil

Author : Elizabeth McQuerry
ISBN : UTEXAS:059173010099086
Genre : Brazil
File Size : 23. 94 MB
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Flat World Big Gaps

Author : United Nations
ISBN : 184277834X
Genre : Business & Economics
File Size : 88. 33 MB
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This publication sets out an empirical analysis of the impact of economic liberalisation and globalisation on inequality, poverty and development, including recent trends in economic growth, income distribution and global inequalities, and the comparative experiences of countries that have pursued different economic policies.

Asian Economic Journal

Author :
ISBN : UCAL:B5015859
Genre : Asia
File Size : 33. 77 MB
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The Implications Of China Taiwan Economic Liberalization

Author : Daniel H. Rosen
ISBN : 9780881325010
Genre : Business & Economics
File Size : 23. 1 MB
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China and Taiwan have built one of the most intertwined and important economic relationships in the world, and yet that relationship is not mutually open, compliant with World Trade Organization norms, or even fully institutionalized. What's more, despite massive trade and investment flows, the boundary between the two is a serious flashpoint for potential conflict. But leaders in Beijing and Taipei have committed to normalize and deepen their economic intercourse and open a new post-Cold War era in their relationship. While the political significance of this gambit has captured attention worldwide, the scope of opening intended and the bilateral, regional, and global effects likely to ensue are as yet poorly understood. This volume attempts to remedy that uncertainty with careful modeling combined with a qualitative assessment of the implications of the cross-strait economic opening now agreed in an Economic Cooperation Framework Agreement (ECFA). The study explores the implications for Taiwan and China, for their neighbors, and for the United States if this undertaking is fully implemented by 2020.

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