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Subordination and Development: Emerging Market Economies of Asia and Latin America Sunanda Sen ebook
- Page: 180
- Format: pdf / epub / kindle
- ISBN: 9788196580308
- Publisher: Tulika Books
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Overview 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...