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Globalization and the south: Some critical issues

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This book examines the implications of some of the main features of the globalisation process for the developing countries. It also makes several proposals for developing countries in considering national-level policies to face the globalisation challenge, as well as coordination among developing countries in facing negotiations or making proposals at the international level.

While there are many aspects to globalisation, among the most important is the recent globalisation of national policy-making not only through the normal spread of orthodox theories but more importantly through international agencies, such as the Bretton Woods institutions and the World Trade Organisation, through which the North has leverage over the South.

The book examines the liberalisation of trade, finance and investment as well as policy implications and choices in each of these categories. It is argued that, while there are some advantages to an open regime for developing countries, the impact of openness depends on a country's level of development and preparedness to take on the challenges of subjecting local production units to foreign competition, of being able to break into world markets, and of weathering the volatility and fickleness of private capital flows and their propensity for leading receipient countries into a debt trap.

It is therefore imperative that developing countries be given the possibility to have an adequate range of options, of when, how and to what extent to open their economies. For them to maintain the choice of flexibility in policy options, developing countries have to collectively press their case in international forums and institutions where decisions on the global economy are made. Failure in doing so would mean that developing countries will continue to be subjected to international and national policies that are unsuitable to their development, and that more than ever close off their development prospects and options.

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Ketersediaan

2024-1784

382 Kho g

Perpustakaan Diplomasi

Tersedia

Informasi Detail

Judul Seri

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No. Panggil

382 Kho g

Penerbit

Malaysia : Third World Network., 2002

Deskripsi Fisik

iii, 108 pages ; 21 cm

Bahasa

English

ISBN/ISSN

983-9747-46-0

Klasifikasi

382

Tipe Isi

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Tipe Media

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Tipe Pembawa

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Edisi

Cet. 4

Subjek

Globalization
Foreign trade

Info Detail Spesifik

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Pernyataan Tanggungjawab

Martin Khor

Versi lain/terkait

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