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http://arks.princeton.edu/ark:/88435/dsp01v692t901x| Title: | Potential Impacts of the New Global Financial Architecture on Poor Countries |
| Contributors: | Soludo, Charles C. Rao, Musunuru S. |
| Keywords: | International Monetary Fund Developing Countries Poor Globalization |
| Issue Date: | 2005 |
| Publisher: | CODESRIA (Council for the Development of Social Science Research in Africa) |
| Place of Publication: | Dakar, Senegal |
| Series/Report no.: | CODESRIA Monograph Series |
| Description: | This monograph evaluates the potential impacts of the proposals for a new global financial architecture (NGFA) on poor countries and poor people. The mainstream proposals—put forth largely by the U.S., the G-7 countries and the Bretton Woods Institutions—are rooted in the neo-Walrasian, market fundamentalist view of the world, with the obvious consequence of increasing the vulnerabilities of small and poorer developing countries to frequent financial crises. It is shown that the claim of this model that global growth and equity would be ‘best’ served by deeper financial integration through open capital accounts is founded on shaky theoretical and empirical grounds. |
| URI: | http://arks.princeton.edu/ark:/88435/dsp01v692t901x |
| ISSN: | 2-86978-158-X |
| Related resource: | http://www.codesria.org |
| Appears in Collections: | Serials and series reports (Publicly Accessible) - CODESRIA |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| soludo-rao.pdf | 382.34 kB | Adobe PDF | View/Download |
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