Globalization and Competition（ISBN=9780521144537） 115盘 下载 pdf txt 电子版 mobi snb docx

　　Globalization and Competition explains why some middle-income

countries, principally those in Asia, grow fast while others are

not successful. The author criticizes both old-style

developmentalism and the economics of the Washington Consensus. He

argues instead for a 'new developmentalism' or third approach that

builds on a national development strategy. This approach differs

from the neoliberal strategy that rich nations propose to emerging

economies principally on macroeconomic grounds. Developing

countries face a key obstacle to growth, namely, the tendency to

overvaluate foreign exchange. Instead of neutralizing it, the

policy that rich countries promote mistakenly seeks growth through

foreign savings, which causes additional appreciation of the

national currency and often results in financial crises rather than

genuine investment.

Introduction

Part I. Political Economy:

1. Globalization and catching up

2. The key institution

3. New developmentalism

Part II. Development Macroeconomics: 4. The tendency of the

exchange rate to overvaluation

5. The Dutch disease

6. Foreign savings and slow growth

7. Foreign savings and financial crises

Conclusion.

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书籍介绍

Globalization and Competition explains why some middle-income countries, principally those in Asia, grow fast while others are not successful. The author criticizes both old-style developmentalism and the economics of the Washington Consensus. He argues instead for a 'new developmentalism' or third approach that builds on a national development strategy. This approach differs from the neoliberal strategy that rich nations propose to emerging economies principally on macroeconomic grounds. Developing countries face a key obstacle to growth, namely, the tendency to overvaluate foreign exchange. Instead of neutralizing it, the policy that rich countries promote mistakenly seeks growth through foreign savings, which causes additional appreciation of the national currency and often results in financial crises rather than genuine investment.