The Financial Crisis and Developing Countries
A Global Multidisciplinary Perspective
Published on 29. July 2011
Book
Hardback
352 pages
978-1-84980-495-0 (ISBN)
Description
The Financial Crisis and Developing Countries is an invaluable discussion and analysis of the regional and country specific impacts of the financial crisis in both emerging markets and developing countries.
Using heterodox and mainstream methodologies, the book develops a multidisciplinary perspective on the crisis, showing empirical impacts on the poor and vulnerable. It examines how the crisis continues to change our concepts of development, critically discusses mainstream approaches, and analyses (global) governance responses including of the G20. The contributors critically assess the measures taken to deal with the crisis, and reveal that many elements that have led to crisis (inequality, inappropriate international financial architecture, structural imbalances) have not been dealt sufficiently, and as a result new crises will continue to emerge.
Exploring a global and inter-disciplinary view, this timely book provides accessible information on the impact of the crisis that will prove relevant for students of development studies and international economics. Researchers and policymakers including in foreign and economic affairs, development cooperation, and international institutions interested in understanding the impact of the global economy will also find much to learn from this important book.
Contributors: F. Cheru, H. Clemens, A. de Haan, A.M. Fischer, J. Ghosh, S. Gong, D. Green, K. Jansen, A. Kapoor, R. King, R. Marconi, M. Messkoub, S.M. Murshed, F.B. Schiphorst, K.A. Siegmann, M. Spoor, P.A.G. van Bergeijk, R. van der Hoeven, I. van Staveren, R. Vos, B. White
Using heterodox and mainstream methodologies, the book develops a multidisciplinary perspective on the crisis, showing empirical impacts on the poor and vulnerable. It examines how the crisis continues to change our concepts of development, critically discusses mainstream approaches, and analyses (global) governance responses including of the G20. The contributors critically assess the measures taken to deal with the crisis, and reveal that many elements that have led to crisis (inequality, inappropriate international financial architecture, structural imbalances) have not been dealt sufficiently, and as a result new crises will continue to emerge.
Exploring a global and inter-disciplinary view, this timely book provides accessible information on the impact of the crisis that will prove relevant for students of development studies and international economics. Researchers and policymakers including in foreign and economic affairs, development cooperation, and international institutions interested in understanding the impact of the global economy will also find much to learn from this important book.
Contributors: F. Cheru, H. Clemens, A. de Haan, A.M. Fischer, J. Ghosh, S. Gong, D. Green, K. Jansen, A. Kapoor, R. King, R. Marconi, M. Messkoub, S.M. Murshed, F.B. Schiphorst, K.A. Siegmann, M. Spoor, P.A.G. van Bergeijk, R. van der Hoeven, I. van Staveren, R. Vos, B. White
More details
Language
English
Place of publication
Cheltenham
United Kingdom
Target group
Professional and scholarly
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-1-84980-495-0 (9781849804950)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Persons
Edited by Peter A.G. van Bergeijk, Professor of International Economics and Macroeconomics, International Institute of Social Studies, Erasmus University, The Hague, the Netherlands, Arjan de Haan, International Development Research Centre, Ottawa, Canada and Rolph van der Hoeven, Professor Emeritus of Employment and Development Economics, International Institute of Social Studies, Erasmus University, The Hague, the Netherlands
Content
Contents:
Preface
1. Introduction: Crisis? What Crisis? For Whom?
Peter A.G. van Bergeijk, Arjan de Haan and Rolph van der Hoeven
PART I: THE CRISIS AND CONCEPTS OF DEVELOPMENT
2. Re-orienting Development in Uncertain Times
Jayati Ghosh
3. How Have Poor Women and Men Experienced the Global Economic Crisis: What Have We Learned?
Duncan Green and Richard King
4. After the Gold Rush: Prospects for Africa, Economic Recovery and
Long-term Growth
Fantu Cheru
5. A Historical Ethnography of Recessions: Crises in Yogyakarta
Ben White
PART II: HETERODOX (POLITICAL) ECONOMIC INTERPRETATIONS
6. Chinese Savings Gluts or Northern Financialisation? The Ideological Expediency of Crisis Narratives
Andrew Martin Fischer
7. Short- and Long-run Macroeconomic Effects of Keynesian Trade Policies in the Presence of Debt Servicing
Syed Mansoob Murshed
8. FDI Volatility and Development
Irene van Staveren
9. Financial Globalization, Current Crisis and Labour in Developing
Countries
Rolph van der Hoeven
PART III: REGIONAL AND COUNTRY EXPERIENCES
10. Impact of the Global Crises (Financial, Economic and Food): The Case of Microfinance in Latin America
Reynaldo Marconi and Harry Clemens
11. Crisis, Employment and Poverty in the Middle East and North Africa
Mahmood Messkoub
12. Crisis and Exclusionary Growth in Europe's 'East'
Max Spoor
13. The Crisis in South Asia: From Jobless Growth to Jobless Slump?
Karin Astrid Siegmann
14. Diamonds are for Never: The Economic Crisis and the Diamond Polishing Industry in India
Astha Kapoor
15. Defending Vulnerable Workers in South Africa after the Crisis: What Role for COSATU?
Freek B. Schiphorst
16. How China Managed the Impact of the Financial Crisis: Globalization and Public Policy Responses in an Emerging Economy
Arjan de Haan and Sen Gong
17. Thailand From Crisis to Crisis: Do We Ever Learn?
Karel Jansen
PART IV: PREPARING FOR THE NEXT CRISIS?
18. The Global Economic Crisis and the Future of Globalization
Rob Vos
References
Index
Preface
1. Introduction: Crisis? What Crisis? For Whom?
Peter A.G. van Bergeijk, Arjan de Haan and Rolph van der Hoeven
PART I: THE CRISIS AND CONCEPTS OF DEVELOPMENT
2. Re-orienting Development in Uncertain Times
Jayati Ghosh
3. How Have Poor Women and Men Experienced the Global Economic Crisis: What Have We Learned?
Duncan Green and Richard King
4. After the Gold Rush: Prospects for Africa, Economic Recovery and
Long-term Growth
Fantu Cheru
5. A Historical Ethnography of Recessions: Crises in Yogyakarta
Ben White
PART II: HETERODOX (POLITICAL) ECONOMIC INTERPRETATIONS
6. Chinese Savings Gluts or Northern Financialisation? The Ideological Expediency of Crisis Narratives
Andrew Martin Fischer
7. Short- and Long-run Macroeconomic Effects of Keynesian Trade Policies in the Presence of Debt Servicing
Syed Mansoob Murshed
8. FDI Volatility and Development
Irene van Staveren
9. Financial Globalization, Current Crisis and Labour in Developing
Countries
Rolph van der Hoeven
PART III: REGIONAL AND COUNTRY EXPERIENCES
10. Impact of the Global Crises (Financial, Economic and Food): The Case of Microfinance in Latin America
Reynaldo Marconi and Harry Clemens
11. Crisis, Employment and Poverty in the Middle East and North Africa
Mahmood Messkoub
12. Crisis and Exclusionary Growth in Europe's 'East'
Max Spoor
13. The Crisis in South Asia: From Jobless Growth to Jobless Slump?
Karin Astrid Siegmann
14. Diamonds are for Never: The Economic Crisis and the Diamond Polishing Industry in India
Astha Kapoor
15. Defending Vulnerable Workers in South Africa after the Crisis: What Role for COSATU?
Freek B. Schiphorst
16. How China Managed the Impact of the Financial Crisis: Globalization and Public Policy Responses in an Emerging Economy
Arjan de Haan and Sen Gong
17. Thailand From Crisis to Crisis: Do We Ever Learn?
Karel Jansen
PART IV: PREPARING FOR THE NEXT CRISIS?
18. The Global Economic Crisis and the Future of Globalization
Rob Vos
References
Index