Financial globalization and peripheral strategies: recent experiences in Latin America and lections from Asia

In the literature about Economic Development, a great number of theories
suggest a positive relationship between financial liberalization and economic
growth. Despite this, recent wage of financial liberalization has generated
financial crisis, economic instability and a low growth rate in the peripheral
economies. In this paper, we stress the idea that there is a remaing conflict
between the tendency to globalize the economic relations and the search for
autonomy in the management of the economic policy, within an environment
of instability and a liberal new economic order. We compare the Asian and
Latin American economic paths after the financial crisis of 1997, analyzing,
moreover, some recent changes in the international financial architecture.
Journal: 
17
Authors: 
André Moreira Cunha
Julimar da Silva Bichara
Attached file: 

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