BiblioVault - Books about Developing countries

Managing Currency Crises in Emerging Markets

Edited by Michael P. Dooley and Jeffrey A. Frankel

University of Chicago Press, 2003

The management of financial crises in emerging markets is a vital and high-stakes challenge in an increasingly global economy. For this reason, it's also a highly contentious issue in today's public policy circles. In this book, leading economists-many of whom have also participated in policy debates on these issues-consider how best to reduce the frequency and cost of such crises.

The contributions here explore the management process from the beginning of a crisis to the long-term effects of the techniques used to minimize it. The first three chapters focus on the earliest responses and the immediate defense of a currency under attack, exploring whether unnecessary damage to economies can be avoided by adopting the right response within the first few days of a financial crisis. Next, contributors examine the adjustment programs that follow, considering how to design these programs so that they shorten the recovery phase, encourage economic growth, and minimize the probability of future difficulties. Finally, the last four papers analyze the actual effects of adjustment programs, asking whether they accomplish what they are designed to do-and whether, as many critics assert, they impose disproportionate costs on the poorest members of society.

Recent high-profile currency crises have proven not only how harmful they can be to neighboring economies and trading partners, but also how important policy responses can be in determining their duration and severity. Economists and policymakers will welcome the insightful evaluations in this important volume, and those of its companion, Sebastian Edwards and Jeffrey A. Frankel's Preventing Currency Crises in Emerging Markets.

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A Matter of Trust

Building Integrity into Data, Statistics and Records to Support the Sustainable Development Goals

Edited by Anne Thurston

University of London Press, 2020

The United Nations Sustainable Development Goals initiative has the potential to set the direction for a future world that works for everyone. Approved by 193 United Nations member countries in September 2016 to help guide global and national development policies through the year 2030, the seventeen goals build on the successes of the Millennium Development Goals, but also include new priority areas, such as climate change, economic inequality, innovation, sustainable consumption, peace, and justice. Assessed against commonly agreed targets and indicators, the goals should facilitate inter-governmental cooperation and the development of regional and even global development strategies. This book explores, through a series of case studies, the substantial challenges for assembling reliable data and statistics to address pressing development challenges, particularly in Africa. By highlighting the enormous potential value of creating and using high quality data, statistics, and records as an interconnected resource and describing how this can be achieved, the book will contribute to defining meaningful and realistic global and national development policies in the critical period to 2030.

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Militarized Global Apartheid

Catherine Besteman

Duke University Press, 2021

In Militarized Global Apartheid Catherine Besteman offers a sweeping theorization of the ways in which countries from the global north are reproducing South Africa's apartheid system on a worldwide scale to control the mobility and labor of people from the global south. Exploring the different manifestations of global apartheid, Besteman traces how militarization and securitization reconfigure older forms of white supremacy and deploy them in new contexts to maintain this racialized global order. Whether using the language of security, military intervention, surveillance technologies, or detention centers and other forms of incarceration, these projects reinforce and consolidate the global north's political and economic interests at the expense of the poor, migrants, refugees, Indigenous populations, and people of color. By drawing out how this new form of apartheid functions and pointing to areas of resistance, Besteman opens up new space to theorize potential sources of liberatory politics.

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Modernism’s Magic Hat

Architecture and the Illusion of Development without Capital

Ijlal Muzaffar

University of Texas Press, 2024

Examines the role of architecture in the history of global development and decolonization.

In Modernism’s Magic Hat, Ijlal Muzaffar examines how modern architects and planners help resolve one of the central dilemmas of the mid-twentieth-century world order: how to make decolonization plausible without accounting for centuries of capital drain under colonial rule. In the years after World War II, architects and planners found extensive opportunities in new international institutions—such as the World Bank, the UN, and the Ford Foundation—and helped shape new models of global intervention that displaced the burden of change onto the inhabitants. Muzaffar argues that architecture in this domain didn’t just symbolically represent power, but formed the material domain through which new modes of power acquired sense. Looking at a series of architectural projects across the world, from housing in Ghana to village planning in Nigeria and urban planning in Venezuela and Pakistan, Muzaffar explores how architects and planners shaped new ideas of time, land, climate, and the decolonizing body, making them appear as sources of untapped value. What resulted, Muzaffar argues, is a widespread belief in spontaneous Third World “development” without capital, which continues to foreclose any global discussion of colonial theft.

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Money and Power

Great Predators in the Political Economy of Development

Sarah Bracking

Pluto Press, 2009

Sarah Bracking explores the role of governments and development finance institutions in managing the markets in which the poorest countries operate. These institutions -- the 'Great Predators' -- are trapping the populations of the south in a permanent cycle of austerity.

Bracking examines the political economy relations between states. She shows how pseudo-public 'development' institutions retain complete economic control over Southern markets, yet the international system is itself unregulated. Operating in the interests of North America and the European Union, they have a political purpose, and yet serve to cloud the brute power relations between states.

This book will be of interest to anyone studying debt and development, global financial institutions, and the way the world economy is regulated and governed.

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Mortgaging the Earth

The World Bank, Environmental Impoverishment, and the Crisis of Development

Bruce Rich

Island Press, 2013

The 1992 Rio Earth Summit was supposed to be a turning point for the World Bank. Environmental concerns would now play a major role in its lending—programs and projects would go beyond economic development to “sustainable development.” More than two decades later, efforts to green the bank seem pallid.

Bruce Rich argues that the Bank’s current institutional problems are extensions of flaws that had been present since its founding. His new book, Foreclosing the Future, tells the story of the Bank from the Rio Earth Summit to today. For readers who want the full history of the Bank’s environmental record, Rich’s acclaimed 1994 critique, Mortgaging the Earth, is an essential companion.

Called a “detailed and thought-provoking look at an important subject” by The New York Times, Mortgaging the Earth analyzes the twenty year period leading up the Rio Summit. Rich offers not only an important history but critical insights about economic development that are ever-more relevant today.

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Multinational Corporations and Local Firms in Emerging Economies

Edited by Eric Rugraff and Michael W. Hansen

Amsterdam University Press, 2011

In order for foreign direct investment to have deep and lasting positive effects on host countries, it is essential that multinational corporations have close direct and indirect interaction with local firms. A valuable addition to the emerging literature on multinational-local firm interfaces, this book provides a number of case studies from emerging economies that examine such mutually beneficial business relationships and the policy measures necessary to support them.

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