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Globalização financeira e inserção periférica

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  • Carneiro, Ricardo de Medeiros

Abstract

The paper intends to analyze aspects of international economic order that are relevant to understand the integration of underdeveloped countries. Its main hypothesis is that globalization is the result of financial liberalization at the domestic level and of progressive capital mobility in the international field. To characterize globalization different aspects are examined, such as the influence of financial liberalization on capital accumulation; the hard core of International Monetary system (capital mobility; exchange rate regime; and currency hierarchy). In addition, the main characteristics of capital flows and the different ways of integration of underdeveloped areas ? Asia and Latin America, are studied. Finally, a prospective session discusses implications of the recent crisis of the emerging markets and the consequences for their integration.

Suggested Citation

  • Carneiro, Ricardo de Medeiros, 1999. "Globalização financeira e inserção periférica," Revista Economia e Sociedade, Instituto de Economia, Universidade Estadual de Campinas (UNICAMP), vol. 12, pages 1-36, January.
    • Handle: RePEc:euc:ancoec:wpaper:1210
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    2. Griffith-Jones, Stephany, 1996. "La crisis del peso mexicano," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
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