Global Markets and the Developing Economy

1. Front Matter

   Pages i-xxix

   PDF

2. Introduction: Liberalization Investment and Global Markets

   • E. V. K. FitzGerald

   Pages 1-8

3. International Markets and Domestic Savings

   • E. V. K. FitzGerald

   Pages 9-26

4. International Markets and Open Economy Macroeconomics

   • E. V. K. FitzGerald

   Pages 27-43

5. Firm Behaviour, Private Investment and Structural Adjustment

   • E. V. K. FitzGerald

   Pages 44-61

6. Investment and Labour Markets under Trade Liberalization

   • E. V. K. FitzGerald

   Pages 62-90

7. Investment and Distribution under Capital Account Liberalization

   • E. V. K. FitzGerald

   Pages 91-122

8. The Institutional Integration of Developing Countries into Global Markets

   • E. V. K. FitzGerald

   Pages 123-153

9. Reconstructing Global Capital Markets to Support Economic Development

   • E. V. K. FitzGerald

   Pages 154-173

10. Back Matter

    Pages 174-224

    PDF

E.V.K. FitzGerald takes a fresh approach to the macroeconomics of developing countries, based on the influence of global markets on domestic savings, private investment, firm behaviours, employment levels and income distribution. He suggests that a Keynesian approach is still relevant today when reformulated to reflect open economies, heterogeneous firms, poverty reduction objectives and volatile financial markets. The study concludes with clear recommendations as to how global capital markets might be reconstructed in order to better support economic development.

• Developing Countries
• development
• Economic Development
• financial markets
• income distribution
• Keynes
• labor market
• macroeconomics

• Finance and Trade Policy Research Centre, University of Oxford, UK

  E. V. K. FitzGerald

• Institute of Social Studies, The Hague, Netherlands

  E. V. K. FitzGerald

E.V.K. FITZGERALD is Reader in International Economics and Finance at Oxford University, Professorial Fellow of St Antony's College Oxford, and Extraordinary Professor of Economics at the Institute of Social Studies, The Hague. He has served as economic advisor to a number of governments, including Mexico, Nicaragua and the United Kingdom, and as consultant to the OECD, UNCTAD and UNICEF.

Policies and ethics