Evaluating Economic Liberalization PDF Download

Author: Mark McGillivray
Publisher:
ISBN:
Category :
Languages : en
Pages : 272

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Author: Chris Milner
Publisher:
ISBN:
Category : Africa
Languages : en
Pages :

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Author: Robert Townsend
Publisher: World Bank Publications
ISBN:
Category : Financial institutions
Languages : en
Pages : 52

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The objective of this paper is to assess both the aggregate growth effects and the distributional consequences of financial liberalization as observed in Thailand from 1976 to 1996. A general equilibrium occupational choice model with two sectors, one without intermediation, and the other with borrowing and lending, is taken to Thai data. Key parameters of the production technology and the distribution of entrepreneurial talent are estimated by maximizing the likelihood of transition into business given initial wealth as observed in two distinct datasets. Other parameters of the model are calibrated to try to match the two decades of growth as well as observed changes in inequality, labor share, savings, and the number of entrepreneurs. Without an expansion in the size of the intermediated sector, Thailand would have evolved very differently, namely, with a drastically lower growth rate, high residual subsistence sector, non-increasing wages, but lower inequality. The financial liberalization brings welfare gains and losses to different subsets of the population. Primary winners are talented would-be entrepreneurs who lack credit and cannot otherwise go into business (or invest little capital). Mean gains for these winners range from 17 to 34 percent of observed overall average household income. But liberalization also induces greater demand by entrepreneurs for workers resulting in increases in the wage and lower profits of relatively rich entrepreneurs of the same order of magnitude as the observed overall average income of firm owners. Foreign capital has no significant impact on growth or the distribution of observed income. This paper--a product of Finance, Development Research Group--is part of a larger effort in the group to understand financial liberalization and its impact on growth.

Author: David Greenaway
Publisher: Springer
ISBN: 1349143073
Category : Business & Economics
Languages : en
Pages : 251

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Liberalization - economic policy reforms to render economies more market-orientated - is a central issue in most countries of the world. This important contribution to the literature of liberalization analyzes theoretical issues and experiences of reform. Existing approaches to evaluating the effects of reform are reviewed, difficulties of measuring liberalization are discussed, the complex ways in which reforms can impact on individuals and groups are illustrated, and the importance of political concerns are addressed. The final four chapters offer detailed case studies of Pakistan, Mozambique, Vietnam and Sri Lanka.

Author: Andras Koves
Publisher: Westview Press
ISBN:
Category : History
Languages : en
Pages : 312

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This volume combines theories of economic liberalization with a wide variety of case studies from market and socialist economies. Internationally regarded scholars and Eastern European policymakers have collaborated to evaluate the dramatic economic changes taking place throughout the world.

Author: Imad A Moosa
Publisher: World Scientific
ISBN: 9811236798
Category : Business & Economics
Languages : en
Pages : 371

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The objective of the book is to evaluate critically the ten principles of the Washington Consensus, which govern the conditionality provisions of the IMF and World Bank, and guide the so-called economic reform in developing countries. The book starts with an overview of the Consensus, followed by a chapter on IMF conditionality and how they are related. Since the Consensus is inherently neoliberal, a chapter is devoted to a critique of the free market doctrine and the concept of economic freedom as seen by free marketeers. The ten principles of the Washington Consensus (referred to as the 'ten commandments') are divided into four groups: fiscal reform, interest and exchange rate policies, liberalization of trade and foreign direct investment, and privatization and deregulation (including property rights).The book is written in the normative tradition of what ought to be, as opposed to the positive tradition of what is. While it may be tempting to describe the work as 'polemic', the underlying issues contain such a significant moral component that pretending to be neutral would be a betrayal of justice and morality. In essence, the arguments put forward in the book are intended to dismantle, discredit and debunk a set of principles that are effectively used to loot developing countries.

Author: Tariq Banuri
Publisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 264

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Written by leading economists, the papers in this collection examine the different effects of trade and financial liberalization on the economic performance of Latin America and Asia. In the face of a deepening economic crisis in Latin America, the contributors examine the assumptions and dangers of indiscriminate economic liberalization policies which disregard the institutional arrangements or historical background of a country in the interests of narrower, more technical criteria such as speed of policy implementation. Addressing policy, conflict management, Asian and Latin American economies, and labor market institutions in Asia and Latin America, this study is an important contribution to the debate on trade and financial liberalization.

Author: Gregory E. Kaebnick
Publisher: MIT Press
ISBN: 0262019396
Category : Medical
Languages : en
Pages : 223

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Book Description
A range of views on the morality of synthetic biology and its place in public policy and political discourse.

Author: Francisco Gutiérrez Sanín
Publisher: IDRC
ISBN: 0745330630
Category : Business & Economics
Languages : en
Pages : 365

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A study of workers struggles against management regimes in Britain's car industry from the Second World War to the late 1980s.

Author: Luiz Fernando de Paula
Publisher: Taylor & Francis
ISBN: 1136854908
Category : Business & Economics
Languages : en
Pages : 273

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Since the beginning of the 1990s, Brazil has followed a pattern of economic development inspired by Washington Consensus. This framework includes a set of liberalising and market friendly policies such as privatisation, trade liberalization, stimulus to foreign direct investment, tax reform, and social security reforms. This book assesses the determinants and impacts of financial liberalisation in Brazil considering its two dimensions: the opening up of the balance of payments capital account, and the penetration by foreign bank of the domestic banking sector. The author combines theoretical and empirical analyses. Some make use of mathematical models and/or statistical techniques; however, they are only used when they are strictly necessary to the analysis.