000			01453nam a2200217Ia 4500
999			_c169252 _d169252
005			20220601165957.0
008			200208s9999 xx 000 0 und d
020			_a9780521144537
082			_a337.091724 PER
100			_aPereira, Luiz Carlos Bresser.
245		0	_aGlobalisation and competition : why some emergent countries succeed while others fall behind
260			_aNew Delhi
260			_bCambridge university press
260			_c2011
300			_a256 p.
365			_b795
365			_dRS
520			_aGlobalization 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.
650			_aEconomic development-Developing countries
942			_cB _2ddc