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The New Global Economy and Developing Countries: Making Openness Work
Paperback
Series: Policy Essay, Book 24
ISBN13: 9781565170278
Publisher: Overseas Development Council
Published: Feb 15 1999
Pages: 180
Weight: 0.61
Height: 0.47 Width: 6.06 Depth: 9.20
Language: English
The new book that's sparked discussion both in Washington and European financial capitals
Policy makers in the developing world are grappling with new dilemmas created by openness to trade and capital flows. What role, if any, remains for the state in promoting industrialization? Does openness worsen inequality, and if so, what can be done about it? What is the best way to handle turbulence from the world economy, especially the fickleness of international capital flows?
In The New Global Economy and Developing Countries Dani Rodrik argues that successful integration into the world economy requires a complementary set of policies and institutions at home. Policy makers must reinforce their external strategy of liberalization with an internal strategy that gives the state substantial responsibility in building physical and human capital and mediating social conflicts.
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