The Order Of Economic Liberalization
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Author |
: Ronald I. Mckinnon |
Publisher |
: JHU Press |
Total Pages |
: 260 |
Release |
: 1993-10 |
ISBN-10 |
: 0801847435 |
ISBN-13 |
: 9780801847431 |
Rating |
: 4/5 (35 Downloads) |
Synopsis The Order of Economic Liberalization by : Ronald I. Mckinnon
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.
Author |
: Bruno Wueest |
Publisher |
: Springer |
Total Pages |
: 176 |
Release |
: 2017-10-12 |
ISBN-10 |
: 9783319623221 |
ISBN-13 |
: 3319623222 |
Rating |
: 4/5 (21 Downloads) |
Synopsis The Politics of Economic Liberalization by : Bruno Wueest
This book analyses the discourses of economic liberalization reform in six Western European countries – Germany, France, the United Kingdom, the Netherlands, Switzerland and Austria. It provides systematic empirical evidence that policy-related discourses are much more than noise; rather, they are detailed expressions of institutional complementarities and political struggles. The author posits that the more open a discourse, the broader the range of perceived interests, which, in turn, increases the intensity of conflicts. Similarly, the more public discourse centres on coordination, the more intense actors need to engage with opposite interests, which most probably intensifies political disputes as well. Moreover, Wueest argues that the formation of a consensus within the political mainstream has left a vacuum for outsider parties such as Syriza in Greece and Podemos in Spain to feed on the contentiousness of economic liberalization policies.
Author |
: Andrew Rosser |
Publisher |
: Routledge |
Total Pages |
: 258 |
Release |
: 2013-07-04 |
ISBN-10 |
: 9781136855863 |
ISBN-13 |
: 1136855866 |
Rating |
: 4/5 (63 Downloads) |
Synopsis The Politics of Economic Liberalization in Indonesia by : Andrew Rosser
This book examines the dynamics shaping the economic process of economic liberalisation in Indonesia since the mid-1980's. Much writing on the process of economic liberalisation in developing countries views economic liberalisation as the victory of economic rationality over political and social interests. In contrast, this book argues that economic liberalisation should not be understood in these terms, but rather in the way that political social interests shape processes of economic reform in both a positive and negative sense. Specifically, Rosser argues that economic liberalisation needs to be understood in terms of the extent to which economic crises shift the balance of power and influence within society away from coalitions opposed to reform and towards those in favour of reform. In the Indonesian context, the main coalitions that need to be examined in this respect are the politico-bureaucrats and the conglomerates who have generally opposed reform and mobile capitalists who have generally supported reform. Based on extensive original research, and providing much new material, the book considers the politics of economic policy-making in Indonesia in a range of sectors including the capital market, intellectual property law, the banking industry, and the trade and investment sectors. Analysing why the nature of economic policy in Indonesia has varied over time, this study argues that there is nothing inevitable about a transition to a fully-fledged liberal market order in Indonesia, and outlines possible future scenarios for the country's political economy.
Author |
: Daniel H. Rosen |
Publisher |
: Peterson Institute |
Total Pages |
: 217 |
Release |
: 2011 |
ISBN-10 |
: 9780881325010 |
ISBN-13 |
: 0881325015 |
Rating |
: 4/5 (10 Downloads) |
Synopsis The Implications of China-Taiwan Economic Liberalization by : Daniel H. Rosen
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.
Author |
: Mitchell P. Smith |
Publisher |
: State University of New York Press |
Total Pages |
: 258 |
Release |
: 2012-02-01 |
ISBN-10 |
: 9780791482834 |
ISBN-13 |
: 0791482839 |
Rating |
: 4/5 (34 Downloads) |
Synopsis States of Liberalization by : Mitchell P. Smith
As economic competition is introduced into areas formerly served by public sector monopolies, to what extent do governments lose discretion over their use of the public sector? States of Liberalization examines the impact of the European Union's rigorous single-market competition policy on the abilities of Western European governments to use the public sector to achieve political objectives. Examining several politically contentious sectors, including government purchasing of goods and services, postal services, and public sector financial institutions, Mitchell P. Smith explores and explains the scope and the limits of this transformation. While European economic integration and the application of European Community competition policy have substantially infused competition into public services, the process has been more modest, and more deliberate, than a simple reading of Europe's potent market-making mechanisms would predict.
Author |
: Katharine N. Rankin |
Publisher |
: University of Toronto Press |
Total Pages |
: 260 |
Release |
: 2004-01-01 |
ISBN-10 |
: 0802086985 |
ISBN-13 |
: 9780802086983 |
Rating |
: 4/5 (85 Downloads) |
Synopsis The Cultural Politics of Markets by : Katharine N. Rankin
In a neoliberal era, when the ideology of the free market governs community development as much as international trade, a conflict between capital and tradition is inevitable. Issues such as the value ascribed to honour and social prestige are difficult to negotiate with economic opportunity. Using the example of a 'traditional' Nepalese market town, Katharine Neilson Rankin explores how economic liberalization has blended with local cultures of value. Utilizing the ethnographic method of anthropology and the comparative and normative thrust of geography, Rankin undertakes a critique of neoliberal approaches to development. She demonstrates how market-led development does not expand opportunity, but rather deepens existing injustice and inequality, which is further exacerbated by planners eager to implement market-led approaches relying on naively idealistic notions of 'social capital' to expand poor people's access to the market. The Cultural Politics of Markets makes a clear case for a strategic merger between anthropological and planning perspectives in thinking about the issue of market transformation.
Author |
: Ellen Frankel Paul |
Publisher |
: Cambridge University Press |
Total Pages |
: 344 |
Release |
: 1993-07-30 |
ISBN-10 |
: 0521457246 |
ISBN-13 |
: 9780521457248 |
Rating |
: 4/5 (46 Downloads) |
Synopsis Liberalism and the Economic Order by : Ellen Frankel Paul
With the collapse of communist totalitarianism, the countries of Eastern Europe and the former Soviet Union face political instability and an uncertain economic future. The people of the region are struggling to emulate the success of the West by moving toward Western-style democracy and markets. The essays in this volume address the liberal transition currently underway. Some of them explore the models offered by political theorists to guide the course of reforms. Some discuss obstacles to change posed by existing attitudes, institutions and cultural traditions. Some examine the nature of liberalism itself, and consider whether democratic politics and free-market economics can coexist without undermining one another. Some offer alternatives to specific Western institutions, arguing that in certain cases it would be unwise for the East to follow the West. Addressing the issues from a variety of perspectives, the contributors to this volume offer valuable insights into the nature of liberalism and the problems facing liberal reformers today.
Author |
: Romain Wacziarg |
Publisher |
: Edward Elgar Publishing |
Total Pages |
: 0 |
Release |
: 2018 |
ISBN-10 |
: 1788111494 |
ISBN-13 |
: 9781788111492 |
Rating |
: 4/5 (94 Downloads) |
Synopsis Trade Liberalization by : Romain Wacziarg
This compelling two-volume collection presents the major literary contributions to the economic analysis of the consequences of trade liberalization on growth, productivity, labor market outcomes and economic inequality. Examining the classical theories that stress gains from trade stemming from comparative advantage, the selection also comprises more recent theories of imperfect competition, where any potential gains from trade can stem from competitive effects or the international transmission of knowledge. Empirical contributions provide evidence regarding the explanatory power of these various theories, including work on the effects of trade openness on economic growth, wages, and income inequality, as well as evidence on the effects of trade on firm productivity, entry and exit. Prefaced by an original introduction from the editor, the collection will to be an invaluable research resource for academics, practitioners and those drawn to this fascinating topic.
Author |
: Lawrence B. Krause |
Publisher |
: Univ of California Press |
Total Pages |
: 440 |
Release |
: 2022-09-23 |
ISBN-10 |
: 9780520376229 |
ISBN-13 |
: 0520376226 |
Rating |
: 4/5 (29 Downloads) |
Synopsis Liberalization in the Process of Economic Development by : Lawrence B. Krause
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.
Author |
: Indrajit Bairagya |
Publisher |
: Routledge |
Total Pages |
: 218 |
Release |
: 2014-10-03 |
ISBN-10 |
: 9781317631781 |
ISBN-13 |
: 1317631781 |
Rating |
: 4/5 (81 Downloads) |
Synopsis Liberalization and Economic Performance of the Informal Sector by : Indrajit Bairagya
Impact of liberalization on informality has been a subject of intense debate for many years and the major issue that has come up is whether liberalization helps to grow informal sector and informality in the economy or it is an obstruction for informal sector’s growth. Thus, in the light of the recent liberalization measure, this book sets to examine general presumptions of the development of informal sector in the context of the Indian economy. The book begins with a broad framework for analysis of output contribution and growth of the informal sector. Liberalization is measured by openness indices and inter-sectoral linkages. Impact of liberalization on growth contributions of informal sector is captured by openness indices (i.e. degree of openness to trade and principal component scores), technical efficiency (measured by Data Envelope Analysis and estimated by Tobit Censored Regression model) and components of productivity (computed by Malmquist total factor productivity index) of the informal enterprises by inter-sectoral linkages. The linkages are modeled theoretically in a neo-classical growth theory and empirically measured by sub-contracting arrangements between formal and informal enterprises. In addition, the book also provides implications on promotion of informal sector from the viewpoint of employment generation. The description and analyses of the book will help with policy implications and enlighten the readers on the development of informal sector.