"Policymakers in the developing world are grappling with new dilemmas created by openness to trade and capital flows. What role, if any, remains for the state in promoting industrialization? Does openness worsen inequality, and if so, what can be done about it? What is the best way to handle turbulence from the world economy, especially the fickleness of international capital flows? In this study, Dani Rodrik argues that successful integration into the world economy requires a complementary set of policies and institutions at home. Policymakers must reinforce their external strategy of liberalization with an internal strategy that gives the state substantial responsibility in building physical and human capital and mediating social conflicts."--Jacket.
Note
Policy Essay No. 24 Table of Contents Foreward Executive Summary 1. Introduction 2. Openness in Perspective 3. Investment Strategies 4. Managing Turbulence in the World Economy 5. Is Africa Different? 6. Summary and Implications Appendix References About the Author About the ODC Board of Directors Received 18/08/2003 13.50 GBP.
Formatted Contents Note
Ch. 1. Introduction Ch. 2. Openness in Perspective Ch. 3. Investment Strategies Ch. 4. Managing Turbulence in the World Economy Ch. 5. Is Africa Different? Ch. 6. Summary and implications.
"Policymakers in the developing world are grappling with new dilemmas created by openness to trade and capital flows. What role, if any, remains for the state in promoting industrialization? Does openness worsen inequality, and if so, what can be done about it? What is the best way to handle turbulence from the world economy, especially the fickleness of international capital flows? In this study, Dani Rodrik argues that successful integration into the world economy requires a complementary set of policies and institutions at home. Policymakers must reinforce their external strategy of liberalization with an internal strategy that gives the state substantial responsibility in building physical and human capital and mediating social conflicts."--Jacket.