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"Disparities between the economic development of nations have widened throughout the twentieth century, and they show no sign of closing. In the nineteenth century, the economic potential of developed countries was three times that of the rest of the world. Today the gap is twenty times greater, and the trend is increasing. In this provocative reexamination of theories of accelerated development, or "catching up." Vladislav Inozemtsev traces the evolution...
Description
This book analyzes the Asian financial crisis of 1997-1999. In addition to the issues of financial system restructuring, export-led recovery, crony capitalism, and competitiveness in Asian manufacturing, it examines six key Asian economies--China, Indonesia, Japan, Korea, Malaysia, and Thailand. The book makes clear that there is little particularly Asian about the Asian financial crisis. The generic character of the crisis became clear during 1998,...
Description
"In the past twenty years, economic policy in Latin America has veered toward neoliberalism, or market friendliness. State interventions in the economy have been cut back in many areas, including reductions in fiscal deficits, privatization of public enterprises, reductions of import quotas and tariffs and export subsidies, removal of barriers to foreign capital flow, and increased faith in the private sector and market processes." "This book offers...
Author
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In this powerful new book, Michael Fairbanks and Stace Lindsay argue that the tremendous advantages developing nations have in natural resources, inexpensive labor, and fertile soil have actually kept these nations poor. Their advantages - easily imitated in other areas around the world - have not been sufficient engines for growth. Billions of dollars have been spent to eradicate poverty; still these regions remain as dependent as ever on volatile...
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