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Globalization and the race to the bottom in developing countries : who really gets hurt?
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ISBN: 9780521715034 9780521886987 9780511491870 9780511438332 0511438338 0511437668 9780511437663 9780511436208 0511436203 9780511435416 051143541X 0521886988 0521715032 0511491875 1107200792 1281903604 9786611903602 051143698X Year: 2008 Publisher: Cambridge : Cambridge University Press,

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Abstract

The advance of economic globalization has led many academics, policy-makers, and activists to warn that it leads to a 'race to the bottom'. In a world increasingly free of restrictions on trade and capital flows, developing nations that cut public services are risking detrimental effects to the populace. Conventional wisdom suggests that it is the poorer members of these societies who stand to lose the most from these pressures on welfare protections, but this new study argues for a more complex conceptualization of the subject. Nita Rudra demonstrates how and why domestic institutions in developing nations have historically ignored the social needs of the poor; globalization neither takes away nor advances what never existed in the first place. It has been the lower- and upper-middle classes who have benefited the most from welfare systems and, consequently, it is they who are most vulnerable to globalization's race to the bottom.


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Exchange rate systems and policies in Asia
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ISBN: 9812834508 9789812834508 9786612440731 128244073X 9812834516 9789812834515 9781282440739 Year: 2008 Publisher: Singapore ; Hackensack, NJ : World Scientific,

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This important book comprises insightful papers on lessons learned from some major exchange rate and monetary experiences in Asia, exchange rate crisis management in Asia and choice of exchange rate systems in Asia. Originally published in the Singapore Economic Review, Vol. 52, No. 3, 2007, it deals primarily with the exchange rate systems and policies in the three largest economies in Asia: China, Japan and India. It also contains a paper on Singapore's exchange rate system, whose success could make it a role model for other small open economies. Notable contributors include Ronald McKinnon

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