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Capital Without Borders

Capital Without Borders


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International Edition


About the Book

This book contains selected papers from the Annual Conference on Development and Change (ACDC) held at Sao Paulo in November 2006. Second in a series of three conferences, the 2006 ACDC showcased research by relatively younger scholars. While precise and rigorous alternatives to the neoliberal agenda are often overlooked in the huge volume of literature that addresses the larger issues, both aspects - the larger picture and the smaller nuts-and-bolts details - are very important, and this volume fills the gaps in the latter category. These papers were written before the global recession, and events subsequent to the conference and the writing of these papers have validated several of the concerns raised by their authors.

This volume focuses on a plethora of issues from the point of view of the South. It demonstrates, for example, that if capital inflows exceed a certain volume - no matter how they are absorbed - such openness will inevitably result in a crisis in the receiving country. The popular understanding of foreign portfolio investment as more benign than foreign direct investment (FDI) is also challenged. By contrasting contemporary capital flows as well as the international capital flows of the nineteenth century, this collection highlights the role of regulation and the role of the state, and ultimately emphasizes the need for recipient country governments to exercise policy options to control the volume of foreign capital inflows.


About the Author:

Ashwini Deshpande is a professor in the Department of Economics at the Delhi School of Economics. She holds a PhD and an MA in Economics, and was awarded the Exim bank award for an outstanding dissertation in 1995. She is also the 2007 recipient of the VKRV Rao Prize in Economics, awarded to economists below the age of 45 for their outstanding contribution to the field.


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Product Details
  • ISBN-13: 9781843318385
  • Publisher: Anthem Press
  • Publisher Imprint: Anthem Press
  • Height: 229 mm
  • No of Pages: 250
  • Series Title: Anthem Frontiers of Global Political Economy and Development
  • Sub Title: Challenges to Development
  • Width: 152 mm
  • ISBN-10: 1843318385
  • Publisher Date: 01 Apr 2010
  • Binding: Hardback
  • Language: English
  • Returnable: N
  • Spine Width: 18 mm
  • Weight: 589 gr


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