Globalization and liberalization: the impact on developing countries

Vista sencilla de ítem
cepal.bibLevelDocumento Completo
cepal.callNumberINT UN/EC 65(4/2001)
cepal.callNumberLC/L.1571-P
cepal.divisionEngEconomic Development Division
cepal.divisionSpaDivisión de Desarrollo Económico
cepal.docTypeSeries
cepal.idSade9074
cepal.jobNumberS017565 E
cepal.physicalDescriptiontablas
cepal.regionalOfficeSantiago
cepal.saleNumber01.II.G.114
cepal.topicEngMACROECONOMICS
cepal.topicEngFINANCIAL AND MONETARY SECTOR
cepal.topicSpaMACROECONOMÍA
cepal.topicSpaSECTOR FINANCIERO Y MONETARIO
cepal.workareaEngECONOMIC DEVELOPMENT
cepal.workareaEngSTATISTICS
cepal.workareaSpaDESARROLLO ECONÓMICO
cepal.workareaSpaESTADÍSTICAS
dc.contributor.authorStallings, Barbara
dc.contributor.entityNU. CEPAL. División de Desarrollo Económico
dc.date.accessioned2014-01-02T16:11:58Z
dc.date.available2014-01-02T16:11:58Z
dc.date.issued2001-12
dc.descriptionIncludes bibliography
dc.description.abstractSummary This paper analyzes the impact of globalization on developing countries over the last several decades. The first section examines the components and mechanisms of globalization. The second turns to financial globalization –considered to be the most important aspect of a multifaceted process– and looks in more detail at the changing trends in finance for developing countries. The third analyzes the impact of the new pattern of finance in terms of growth, equity, and government autonomy. The concluding section offers policy recommendations for making globalization a more positive force. Four basic arguments are developed in the paper with respect to the impact of financial globalization. First, globalization has increased the capital available to developing countries, which potentially increases their ability to grow faster than if they had to rely exclusively on their own resources. Not all capital flows contribute equally to growth, however; short-term flows and the purchase of existing assets are less valuable than investment in new facilities. At the same time, the increasing mobility of capital can also lead to greater volatility, which is very costly for growth. Second, capital flows are unequally distributed by region and country, thus skewing the patterns of growth. There is also an unequal distribution of capital within countries by geographic area, sector, type of firm, and social group, creating a division between winners and losers. Third, government attempts to extract the benefits from the globalization of capital, while limiting the costs, is more possible than usually thought. The source of many problems is local rather than global, and the experience of several countries indicates that 'Heterodox' policies can be followed. Finally, policy changes at the global, regional, and national levels could improve the picture just sketched out.
dc.formatTexto
dc.format.extent35 páginas.
dc.format.mimetypeapplication/pdf
dc.identifier.isbn9211213134
dc.identifier.unSymbolLC/L.1571-P
dc.identifier.urihttps://hdl.handle.net/11362/5427
dc.language.isoeng
dc.physicalDescription35 p. : tabls.
dc.publisherECLAC
dc.publisher.placeSantiago
dc.relation.isPartOfSeriesSerie Macroeconomía del Desarrollo
dc.relation.isPartOfSeriesNo4
dc.rights.coarDisponible
dc.subject.unbisEngCAPITAL MOVEMENTS
dc.subject.unbisEngDEVELOPING COUNTRIES
dc.subject.unbisEngECONOMIC GROWTH
dc.subject.unbisEngGLOBALIZATION
dc.subject.unbisEngINTERNATIONAL FINANCE
dc.subject.unbisEngINTERNATIONAL TRADE
dc.subject.unbisEngRECOMMENDATIONS
dc.subject.unbisEngMONETARY SYSTEMS
dc.subject.unbisEngFINANCIAL RESOURCES
dc.subject.unbisSpaCOMERCIO INTERNACIONAL
dc.subject.unbisSpaCRECIMIENTO ECONOMICO
dc.subject.unbisSpaFINANZAS INTERNACIONALES
dc.subject.unbisSpaGLOBALIZACION
dc.subject.unbisSpaMOVIMIENTOS DE CAPITAL
dc.subject.unbisSpaPAISES EN DESARROLLO
dc.subject.unbisSpaRECOMENDACIONES
dc.subject.unbisSpaSISTEMAS MONETARIOS
dc.subject.unbisSpaRECURSOS FINANCIEROS
dc.titleGlobalization and liberalization: the impact on developing countries
dc.type.coarlibro
dspace.entity.typePublication
relation.isAuthorOfPublicationd15a3c8b-95a0-42a2-9e8e-60aeb862090d
relation.isAuthorOfPublication.latestForDiscoveryd15a3c8b-95a0-42a2-9e8e-60aeb862090d
Descargar
Bloque original
Mostrando 1 - 1 de 1
Miniatura
Nombre:
S017565_en.pdf
Tamaño:
200.72 KB
Formato:
Adobe Portable Document Format
Descripción:
Document in English
Descargar
Colecciones
Macroeconomía del Desarrollo