Description

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.

The New Global Economy and Developing Countries: Making Openness Work

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Paperback / softback by Dani Rodrik

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Policy makers in the developing world are grappling with new dilemmas created by openness to trade and capital flows. What... Read more

    Publisher: Overseas Development Council,U.S.
    Publication Date: 12/04/1999
    ISBN13: 9781565170278, 978-1565170278
    ISBN10: 156517027X

    Number of Pages: 180

    Non Fiction , Business, Finance & Law

    Description

    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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