Global Markets and the Developing Economy

by Rev Earl Muller S, Edmund V. Fitzgerald

Overview

E.V.K. FitzGerald takes a fresh approach to the macroeconomics of developing countries, based on the influence of global markets on domestic savings, private investment, firm behaviours, employment levels and income distribution. He suggests that a Keynesian approach is still relevant today when reformulated to reflect open economies, heterogeneous firms, poverty reduction objectives and volatile financial markets. The study concludes with clear recommendations as to how global capital markets might be reconstructed in order to better support economic development.

Product Details

ISBN-13:	9781403915382
Publisher:	Palgrave Macmillan UK
Publication date:	10/03/2003
Series:	International Finance and Development Series
Edition description:	2003
Pages:	224
Product dimensions:	5.51(w) x 8.50(h) x 0.03(d)

About the Author

E.V.K. FitzGerald is Professor of Development Economics, Institute of Social Studies, The Hague and Director of Financial Studies, Queen Elizabeth House, Oxford.

Table of Contents

List of Table and Figures Abbreviations and Acronyms Series Editor's Preface Author's Preface Introduction: Liberalization, Investment and Global Markets International Markets and Domestic Savings International Markets and Open Economy Macroeconomics Firm Behaviours, Private Investment and Structural Adjustment Investment and Labour Market under Trade Liberalization Investment and Distribution under Capital Account Liberalization The Institutional Integration of Developing Countries into Global Markets Reconstructing Global Capital Markets to Support Economic Development Notes Statistical Appendix References