Product Code: 1384174322
The book examines the liberation of trade, finance and investment as well as policy implications and choice in each of dis categories. It is argued that, while there are some advantages to an open regime for developing countries, the impact of openness depends on a country’s level of development and preparedness to take on the challenges of subjecting local production units to foreign competition, of being able to break into world markets, and of weathering the volatility and fickleness of private capital flows and their propensity for leading recipient countries into a debt trap
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