| National Economic Identity and Capital Mobility: State-Business Relations in Latin America 2012 Edition Contributor(s): Leiteritz, Ralf J. (Author) |
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ISBN: 3531185284 ISBN-13: 9783531185286 Publisher: Vs Verlag Fur Sozialwissenschaften OUR PRICE: $47.49 Product Type: Paperback Published: April 2012 |
| Additional Information |
| BISAC Categories: - Social Science | Sociology - General - Social Science | Anthropology - Cultural & Social |
| Dewey: 306.3 |
| Series: Globale Politische Ökonomie |
| Physical Information: 0.38" H x 6.69" W x 9.61" (0.64 lbs) 175 pages |
| Descriptions, Reviews, Etc. |
| Publisher Description: Why has capital account liberalization been a durable policy in some countries, but not in others? The book uses the contrast between the path pursued by Peru and Colombia regarding capital account policy during the last twenty years in order to identify two critical factors to account for this puzzle. First, changes in domestic informal institutions are a necessary element of sustainable capital account policy choices. Second, sustainable capital account liberalization presupposes that business-government relations privilege the interests of economic sectors that depend on the unfettered flow of international capital and are largely unaffected by exchange-rate volatility over the interests of exporters of non-traditional goods worried about exchange-rate appreciation in the context of capital account openness. |
