Neoliberal globalisation, the nation-state and financial crises in the semi-periphery: a comparative analysis

In: Third world quarterly, Band 21, Heft 1, S. 119-139

Abstract

Compares crises in the global economy stemming from events in Mexico and Turkey in 1994 and Asia in 1997, which occurred despite fiscal equilibrium and low inflation; suggests supranational or international regulatory initiatives. View that crises has underregulated short-term capital flows as the common factor.