Abstract The Asian economic crisis which began with the floating of the bhat by Thailand on July 1 1997 is still having devastating effects on the livelihood and the well being of millions of people in many parts of the world. The financial crisis spread from Thailand to other Asian countries,...

Overview For some time now, the governments of a few advanced countries,as well as their unions and some parts of the business sector, have been pressing proposals to establish multilateral rules permitting punitive trade measures to be taken against countries deemed to be failing to uphold core...

When this chapter was originally written for the Handbook of Globalisation (Michie, 2003) the burning issue regarding labour standards was the attempt by advanced country governments and unions, particularly the US, to establish multilateral rules in the World Trade Organization (WTO) to enforce...

Abstract During the 1980s and 1990s, many developing countries (DCs) have been engaged in far-reaching reforms of their financial systems, liberalising them and making them more market-oriented. This liberalisation, involving inter alia ‘financial de-repression’ has been inspired partly by...

India began its participation in financial and trade globalisation in an orderly and limited way under Dr. Singh’s stewardship in the 1990s. The record of slow and gradual economic reform indicates that Dr. Singh sought strategic rather than close integration with the world economy, that is...

This paper provides a briefing for developing countries to apprise them of the main issues which are relevant for development and social welfare in relation to the present and prospective discussions on competition policy in the WTO, UNCTAD, OECD and other fora. Although this is the immediate...

This book to which the present paper provides a foreword, investigates the interactions between globalization and economic nationalism in Asian countries. In this foreword, for South Asian countries the question of economic nationalism is considered through the lens of economic openness. Full...

Abstract The micro-economic behaviour of economic agents in the crisis-affected Asian economies, together with the private sector’s expanding role in developing countries in general have focused attention on issues of competition, corporate governance and finance. The paper explores the...

Abstract This paper provides a critical analysis of the World Bank’s new thinking on industrial policy. After outlining the changing perspectives on industrial policy put forward by the World Bank over the last three decades, we argue that the bank’s economists have taken one step forward...

Summary This paper reviews the policy debate on development issues and examines the economic prospects for developing countries at the beginning of the twenty-first century. It is specifically concerned with the question of whether developing countries will be able to meet the employment and...