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Global Business Cycles and Developing Countries (Hardcover)
Loot Price: R1,592
Discovery Miles 15 920
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Global Business Cycles and Developing Countries (Hardcover)
Series: Routledge Explorations in Development Studies
Expected to ship within 12 - 17 working days
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This book investigates how global business cycles impact the
economies of developing countries. Global business cycles, the
wave-like movements of economic expansion followed by contraction
in aggregate economic activities, impact all economies comprising
the global economy. The patterns being shown in developing
countries correspond increasingly to those in the global north, and
yet there is a relative dearth of studies exploring whether global
business cycles exist and how they operate in developing economies.
This book explores how cycles operate at the global and sub-global
developing country levels, with a particular focus on the level of
development and the structure of the economies. Drawing an
important distinction between cycles and fluctuations, the book
criticises mainstream conceptualisation and identification of cycle
phenomena, and instead proposes an alternative conception and
methodology for the identification of cycles. Along the way, the
book also delves into the manufacturing and rise of China, and
other potential competitors in the industrial arena, as
increasingly important drivers of global cycles and global economic
growth. This book will be an important read for researchers and
upper-level students of development economics and international
political economy.
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