Macroeconomic policy under globalization
- Author: United Nations Conference on Trade and Development
- Main Title: Trade and Development Report 2006 , pp 127-148
- Publication Date: October 2006
- DOI: https://doi.org/10.18356/93966423-en
- Language: English
Globalization is permanently changing the framework of national macroeconomic policy, offering opportunities as well as posing challenges and constraints. Many developing countries and economies in transition that opened their borders to international trade and private capital flows over the last quarter of a century have experienced crises triggered by the vagaries of the international financial markets. The “creative destruction” expected from the new openness has often been much more destructive than creative, leading to deep recessions and political crises.
© United Nations
ISBN (PDF):
9789211556919
Book DOI:
https://doi.org/10.18356/b09b56de-en
Related Subject(s):
International Trade and Finance
Sustainable Development Goals:
-
From This Site
/content/books/9789211556919c008dcterms_title,dcterms_subject,pub_keyword-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution105
/content/books/9789211556919c008
dcterms_title,dcterms_subject,pub_keyword
-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
10
5