Critical Frontiers of Theory, Research, and Policy in International Development Studies
Compartir
Renationalizing Finance in the Global South. Developmental Policy Space after Globalization (en Inglés)
Natalya Naqvi (Autor)
·
OUP Oxford
· Tapa Dura
Renationalizing Finance in the Global South. Developmental Policy Space after Globalization (en Inglés) - Natalya Naqvi
Libro Nuevo
Importado
Envío: 81 a 87 días háb.
198,45 €178,61 €
Reseña del libro "Renationalizing Finance in the Global South. Developmental Policy Space after Globalization (en Inglés)"
This book asks when governments in the Global South can take back control of their banks and financial systems to fund national development, and when global financial markets stop them. Through specific cases, it shows how the threat of capital flight disciplines governments, and how some leaders found ways to defy the markets.
Why do some global south governments rein in private finance and renationalize their financial sectors, while others cede control over resource allocation to private financial actors? Following decades of financial liberalization, the state has made a comeback. Yet little is known about the feasibility of statist financial policies after thirty years of globalization, which has created a hostile international financial system and strengthened domestic interests opposed to state activism.
Renationalizing Finance in the Global South traces developmentalist governments' successful and unsuccessful attempts to renationalize finance, arguing that important shifts in international finance, including the global financial and commodity boom and the rise of new official creditors such as China, temporarily relaxed external constraints and expanded developmental possibilities during the first two decades of the twenty-first century. Whether governments exploit these favourable conditions depends on the balance of power between the state and private financial actors. Developmentalist policymakers are likely to ignore disinvestment threats and increase state control of finance when the national economy is resilient to capital flight and external financial resources are readily available, and vice versa.
Drawing on over 150 interviews used for process tracing in structured comparisons of Brazil, South Africa, Bolivia, and Ecuador, this book challenges conventional wisdom about how globalization and the structural power of finance limit policy autonomy, and it sheds fresh light on the prospects for state-led development in the twenty-first century.
- 0% (0)
- 0% (0)
- 0% (0)
- 0% (0)
- 0% (0)
Todos los libros de nuestro catálogo son Originales.
El libro está escrito en Inglés.
La encuadernación de esta edición es Tapa Dura.
✓ Producto agregado correctamente al carro, Ir a Pagar.
