The Order of Economic Liberalization

Released on by Ronald I. Mckinnon
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  • The Order of Economic Liberalization Book Detail

  • Author : Ronald I. Mckinnon
  • Release Date : 1993-10
  • Publisher : JHU Press
  • Genre : Business & Economics
  • Pages : 260
  • ISBN 13 : 9780801847431
  • File Size : 22,22 MB
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The Order of Economic Liberalization by Ronald I. Mckinnon PDF Summary

Book Description: Can knowledge of financial policies in developing countries over four decades help the socialist economies of Asia and Eastern Europe become open market economies in the 1990s? In all these countries the loss of fiscal and monetary control has often resulted in high inflation that undermines the liberalization process itself. In the second edition of The Order of Economic Liberalization, Ronald McKinnon builds on his influential work on the liberalization of financial markets in less developed countries and outlines the progression necessary to move from a "repressed" to an open economy. New to this edition are chapters that contrast the gradual Chinese approach to liberalizing domestic and foreign trade with the "big bang" approach followed by some Eastern European countries and republics of the former Soviet Union. Financial control and macroeconomic stability, McKinnon argues, are more critical to a successful transition than is any crash program to privatize state-owned industrial assets and the banking system.

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The Order of Economic Liberalization

The Order of Economic Liberalization

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Can knowledge of financial policies in developing countries over four decades help the socialist economies of Asia and Eastern Europe become open market economi

Foreign Economic Liberalization

Foreign Economic Liberalization

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This volume combines theories of economic liberalization with a wide variety of case studies from market and socialist economies. Internationally regarded schol