Suchergebnisse

Cover -- Contents -- Introduction -- Chapter 1 - Policy Response to the Global Financial Crisis: Key issues for Developing Countries -- A. Introduction -- B. Policy Response in DEEs: Payments Constraint and International Support -- C. Reform of the International Financial Architecture -- D. Summary of Policy Conclusions and Proposals -- Chapter 2 - Global Economic Prospects: The Recession May Be Over but Where Next? -- A. Issues at Stake -- B. Bubbles, Expansion and Imbalances -- C. Crisis, Recession and Recovery -- D. No Return to "Business as Usual" - Need for US Adjustment -- E. China Too Needs to Adjust, But It Cannot be a Global Locomotive -- F. Bringing in the Bystanders: Germany and Japan -- G. Exchange Rate Adjustments -- H. Removing the Deflationary Bias in the International Financial Architecture -- I. Conclusions -- Chapter 3 - Export Dependence, Sustainability of Growth and Adjustment in China -- A. Introduction -- B. Measurement of Contribution of Exports to Economic Growth -- C. Import Content of Exports -- D. To What Extent is Growth in China Export-Led? -- Chapter 4 - The Subprime Boom-Bust Cycle and Capital Flows to Developing Countries -- A. Introduction -- B. Previous Post-War Boom-Bust Cycles -- C. Capital Flows in the 2000s -- D. The Changing Nature of Capital Flows -- E. Changing Vulnerabilities to Boom-Bust Cycles -- F. The Impact of Recent Capital Flows on DEEs -- G. What is Next? -- H. Managing Capital Inflows -- I. Conclusions -- Chapter 5 - Why the IMF and the International Monetary System Need More than Cosmetic Reform -- A. Introduction -- B. The IMF's Failures in Financial Analysis and Early Warning -- C. IMF Surveillance and Members' Obligations -- D. The International Reserves System -- E. Crisis Intervention and Lending -- F. Conclusions -- References.

This book is a major contribution exploring the policy options available for developing and emerging economies in response to the global economic crises.

Written by a highly respected development economist, the book gives a clear-eyed account of the issues particular to these countries and critically evaluates different policy approaches, including reforms in financial, monetary and trade policies. Informed by deep scholarship as well as practical experience, Yilmaz Akyuz draws on empirical data, historical context and theoretical expertise, with special attention paid to issues such as the role of the International Monetary Fund and China.

The Financial Crisis and the Global South is a landmark book that will be of interest to practitioners, scholars, theorists and students of economics and development studies.

Este artigo fornece um panorama dos principais impasses que se impõem aos países em desenvolvimento no que diz respeito à industrialização e ao comércio internacional. O autor examina os matizes envolvidos nas estratégias de incremento da exportação de produtos manufaturados e argumenta que a retomada do crescimento regional requer apoio não apenas de políticas voltadas para esse setor, mas também de acordos monetários e de cooperação destinados a garantir a estabilidade dos mercados.