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| 1 |
ID:
125057
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| Publication |
New Delhi, Penguin Books India Pvt Ltd, 2012.
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| Description |
xxi, 394p.Hbk
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| Standard Number |
9780670086252
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 057496 | 363.700954/SHR 057496 | Main | On Shelf | General | |
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| 2 |
ID:
135676
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| Publication |
New Delhi, Penguin Books India Pvt Ltd, 2012.
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| Description |
xxiv, 518p.Pbk
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| Standard Number |
9780143422709
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 058066 | 363.700954/SHR 058066 | Main | On Shelf | General | |
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| 3 |
ID:
088317
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| Publication |
2009.
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| Summary/Abstract |
The wisdom preached by the International Monetary Fund (IMF), the World Bank and nearly all mainstream economists during the past quarter-century of what has been (mistakenly) called 'neo-liberalism' has been that economies open to trade, capital and investment flows from around the world - in obedience to the laws of the putatively 'free' market - grow and develop faster and, hence, can bring about a quicker reduction in poverty, via the famous 'trickle-down effect', than can other economic approaches. This has been the essence of what is called globalisation. Textbook theory, it has been argued, shows very convincingly that both sides to a trading contract (both within and across countries) gain from it. Such 'efficiency' gains constitute the necessary incentive for spurring investment and growth within economies.
Theory is one thing, however, while reality quite another. The above wisdom today lies shattered as the 'great financial crisis of 2008' threatens to throw economies around the world into a serious depression - one that could last for years, such as took place during the 1930s. Trade, as an engine of growth and poverty reduction, now has to be questioned.
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