ENGLISH

Financial Globalization and Democracy in Emerging Markets (International Political Economy)

By Ed. , Leslie Elliott Armijo

Book information

Publisher
Palgrave Macmillan
Year
2001
ISBN
0333930673, 9780333930670
LCC
HG5993 .F557 1999
Open Library ID
OL22456883M
Language
english
Format
PDF
Filesize
1 MB (1398723 bytes)
Series
International Political Economy Series
Pages
370\370
Topic
Economy
Time added
2011-06-04 13:46:07

Description

When Mexico's peso crisis occurred in December 1994, all of Latin America experienced the "tequila effect." In January 1998, after seven months of financial turmoil in East Asia, Alan Greenspan, the normally reticent Chairman of the US Federal Reserve Bank, noted that such "vicious cycles...may, in fact, be a defining characteristic of the new high-tech international financial system." Financial Globalization and Democracy in Emerging Markets examines the impact of the new, highly liquid, portfolio capital flows on governments, opposition politicians, business, and labor in such emerging market countries as Mexico, Brazil, Russia, India, Vietnam, Thailand, and Indonesia.

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