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Global ‘disorder’ and the rise of finance: implications for the development project

In: Mapping a New World Order

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  • Jayati Ghosh

Abstract

The chapter considers the following questions: Is global economic stability necessary for countries wishing to industrialize and complete their development project? Or does some degree of instability actually benefit economies wishing to change their relative position in the international division of labour? If so, what kinds of stability/instability matter? What insights does recent history provide for assessing current possibilities in this regard?

Suggested Citation

  • Jayati Ghosh, 2017. "Global ‘disorder’ and the rise of finance: implications for the development project," Chapters, in: Vladimir Popov & Piotr Dutkiewicz (ed.), Mapping a New World Order, chapter 6, pages 91-122, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:17622_6
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