Globalization in the 1990s provided both opportunities and challenges for developing and transition economies. Though for some, it offered the chance to achieve economic growth through active involvement in the integrated and liberalized world economy, it also increased their vulnerability to external shocks and volatility.

As a consequence, stakeholders at every level of the development and transition process – international organizations, national governments and the private sector – had to review their strategies in order to adjust to the new world economic environment. As the Mexican peso crisis of 1994-1995 and the Asian financial crisis of 1997-1998 showed dramatically, the cost of maladjustment was not only very high but it also affected many more stakeholders than before, due to the contagious effects of crises.

This revealing book analyzes the different methods employed to manage globalization and development.  Bringing together an international team of contributors, including Barbara Stallings, Alicia Giron and J. C. Ferraz, it will prove to be a valuable resource for those involved in the fields of development economics and political economy.

chapter |13 pages


Managing development – globalization, economic restructuring and social policy
ByJunji Nakagawa
Size: 0.08 MB

part |121 pages

Globalization and global governance

chapter |25 pages

Managing global risks and creating prosperity

The role of the IMF and regional financial architectures
ByHaider A. Khan
Size: 0.11 MB

chapter |44 pages

Globalization and economic development

The role of multilateral development banks
ByMasahiro Kawai
Size: 0.16 MB
Size: 0.11 MB

chapter |28 pages

The governance of global issues through regionalism

NAFTA as an interface between multilateral and North–South policies
ByIsidro Morales
Size: 0.14 MB

part |149 pages

Financial crises and restructuring

chapter |23 pages

Financial sector development in Latin America and East Asia

A comparison of Chile and South Korea
ByBarbara Stallings
Size: 0.11 MB

chapter |29 pages

Restructuring the financial and corporate sector

The South Korean experience
ByChoong Yong Ahn
Size: 0.12 MB
Size: 0.12 MB
Size: 0.09 MB

chapter |27 pages

Will inward internationalization foster economic development in Latin America?

ByJoão Carlos Ferraz, Airton Valente, Mariana Iootty
Size: 0.12 MB

chapter |25 pages

Determinants and effects of foreign direct investment in transition economies

ByYuko Kinoshita, Nauro F. Campos
Size: 0.12 MB

part |68 pages

Social policy in transition

chapter |17 pages

Latin American social security reform in the 1990s

ByKoichi Usami
Size: 0.09 MB

chapter |27 pages

Welfare states in East Asia

Similar conditions, different past and divided future
ByYasuhiro Kamimura
Size: 0.15 MB

chapter |22 pages

Characteristics of the Central European welfare system

ByTakumi Horibayashi
Size: 0.09 MB