Author: Publisher:
ISBN: 9788120407947
Category :
Languages : en
Pages : 181
Book Description
Market Liberalisation Equity and Development
Author: Market Liberalisation, Equity and Development
Author: World Employment ProgrammePublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 210
Book Description
Financial Development, Equity Market Liberalization and Economic Growth
Author: Zhen LiMarket Liberalisation, Equity and Development
Author: World Employment ProgrammePublisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 204
Book Description
Flat World, Big Gaps
Author: United NationsPublisher: Zed Books
ISBN: 9781842778340
Category : Business & Economics
Languages : en
Pages : 456
Book Description
This publication sets out an empirical analysis of the impact of economic liberalisation and globalisation on inequality, poverty and development, including recent trends in economic growth, income distribution and global inequalities, and the comparative experiences of countries that have pursued different economic policies.
Liberalization in the Process of Economic Development
Author: Lawrence B. KrausePublisher: Univ of California Press
ISBN: 0520376226
Category : Business & Economics
Languages : en
Pages : 440
Book Description
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.
Growth-Equity Trade-offs in Structural Reforms
Author: Mr.Jonathan David OstryPublisher: International Monetary Fund
ISBN: 1484336984
Category : Business & Economics
Languages : en
Pages : 46
Book Description
Do structural reforms that aim to boost potential output also change the distribution of income? We shed light on this question by looking at the broad patterns in the cross-country data covering advanced, emerging-market, and low-income countries. Our main finding is that there is indeed evidence of a growth-equity tradeoff for some important reforms. Financial and capital account liberalization seem to increase both growth and inequality, as do some measures of liberalization of current account transactions. Reforms aimed at strengthening the impartiality of and adherence to the legal system seem to entail no growth-equity tradeoff—such reforms are good for growth and do not worsen inequality. The results for our index of network reforms as well as our measure of the decentralization of collective labor bargaining are the weakest and least robust, potentially due to data limitations. We also ask: If some structural reforms worsen inequality, to what degree does this offset the growth gains from the reforms themselves? While higher inequality does dampen the growth benefits, the net effect on growth remains positive for most reform indicators.
Capital Market Liberalization and Development
Author: Joseph E. StiglitzPublisher: Oxford University Press, USA
ISBN: 0199230587
Category : Business & Economics
Languages : en
Pages : 388
Book Description
Capital market liberalization has been a key part of the ongoing debate on globalization. Bringing together leading researchers and practitioners in the field, this book provides a unique analysis of both the risks associated with capital market liberalization and the alternative policy options available to enhance macroeconomic management.
Capital Market Liberalization and Development
Author: Joseph E. StiglitzPublisher: Oxford University Press, USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 400
Book Description
Capital market liberalization has been a key part of the ongoing debate on globalization. Bringing together leading researchers and practitioners in the field, this book provides a unique analysis of both the risks associated with capital market liberalization and the alternative policy options available to enhance macroeconomic management.
Is Financial Globalization Here to Stay?
Author: Lena Lee AndresenPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
This paper tests the effect of equity market liberalization on economic growth in emerging markets in light of the question whether the current degree of financial globalization is here to stay. Financial history shows that the degree of financial integration we witness today is not the result of a linear development. Already in former times, periods of more and less pronounced integration have alternated. Thus, the continued existence of a liberalized financial order is by no means a given. The recent financial crisis has increased doubts on whether the economic benefits, such as economic growth in emerging markets, outweigh the cost of financial integration, which is mainly the increased risk of financial crisis. Additionally, in the current economic environment, there seems to be too little political ability or will to sustain and strengthen the current international financial system. At the same time, empirical evidence on the economic growth effect of capital account liberalization, a broad measure for financial liberalization, is inconclusive. Better results have been found for the more narrow concept of equity market liberalization but research on the subject is outdated and geographically limited. Using panel data least squares with fixed effects, this study estimates the growth effect of equity market liberalization, based on an updated data set from 1980 to 2009 that includes the majority of emerging economies. It is shown that the effect of equity market liberalization on economic growth is highly fragile. This confirms the inconclusive growth effect of the broader financial liberalization.