This book provides an analysis of the impact of subordination in the major EMEs. Distinct from ‘dependence’ under official aid till 1970s, subordination prevailed over developing nations withliberalization of capital-flows by the 1990s when markets used as agents for overseas capital for extracting surpluses. Domestic economic policies changed under autarkic neo-liberal norms with stagnation in the real economy. Critiques, of the neo-liberal premises follow in the book with suggested heterodox alternatives. The book also dwells on the economic dynamics of thestructural changes which led finance attain its dominance for those economies with deleterious consequences for the real economy.
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Sunanda Sen is a former professor of Jawaharlal Nehru University, NewDelhi. Her recent publications include The Changing Face of Imperialism (co-edited, Routledge 2018) and Dominant Finance and Stagnant Economies (Oxford University Press 2014).
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Buch. Zustand: Neu. Neuware - Sunanda Sen provides, in the present book, an analysis of subordination faced by the developing countries of the global South, with implications which include their retarded development. Imposed by the advanced industrial countries, subordination of these countries includes an implicit compulsion on their part to follow neoliberal economic policies having broad acceptance from corporate capital as well as the Bretton Woods institutions from the global North. Compliance with policies as above on the part of the subordinated countries is ensured by the liberalized global market, operating as an agent of corporate capital and the state overseas. Deviations, if any, from the prescribed neoliberal policies in the developing countries often encounter reprisals by the market with reversals of capital flows, mediating signals for the subordinated countries to look for conformity with remedial measures. Subordination as spelt out above is distinct from 'dependence' which prevailed in the post-war years till the mid-1970s, when official aid was the major string for overseas governments to exercise direct control over aid-receiving countries. Moving from dependence, subordination faced by the developing nations came up along with liberalization of capital flows during the 1990s. It achieved for the overseas partners a steady flow of surpluses, while ensuring continuity of the prescribed policies with harmful consequences in the subordinated nations. The book also dwells on the economic dynamics of the structural changes which let finance attain dominance for those economies with deleterious consequences for the real economy. Analysis in the book includes the conceptual aspects of both mainstream neoliberal policies and their heterodox critiques. The observed links between economic policies and the enabling sociopolitical environment supplement the arguments in the book which hopefully will open up a new dimension for analysing subordination and the lack of development. Artikel-Nr. 9788196580308
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Buch. Zustand: Neu. Subordination and Development - Emerging Market Economies of Asia and Latin America | Emerging Market Economies of Asia and Latin America | Sunanda Sen | Buch | Einband - fest (Hardcover) | Englisch | 2026 | Tulika Books | EAN 9788196580308 | Verantwortliche Person für die EU: Libri GmbH, Europaallee 1, 36244 Bad Hersfeld, gpsr[at]libri[dot]de | Anbieter: preigu. Artikel-Nr. 135279218
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