Neoliberal Finance and Crisis in the Developing World
Bibliographic Data
| ID | 9201436 |
|---|---|
| Authors | Ilene Grabel (0000-0002-7828-8089, corresponding author) |
| Year | 2002 |
| Volume | 53 |
| Issue | 11 |
| Pages | 34 |
| Publication date | 2002-04-04 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | Monthly Review (JOURNAL) |
| Journal identifiers | ISSN: 0027-0520 • E-ISSN: 0027-0520 |
| Publisher | Monthly Review Foundation (PUBLISHER) |
| DOI | 10.14452/mr-053-11-2002-04_4 |
| OpenAlex | W1997683201 |
| Language | EN |
| Citations received | 2 |
The Mexican financial implosion of 1994-1995 marked the beginning of a parade of financial crises throughout the developing world that today shows no signs of abating. From the Asian crises of 1997-1998, to Russia and Brazil shortly thereafter, to Turkey in early 2001, and Argentina today, financial instability has swept through those developing countries that have embraced neoliberal financial reform. Former International Monetary Fund (IMF) Managing Director, Michel Camdessus, had it right when he dubbed the Mexican debacle the "first financial crisis of the twenty-first century." What he didn't understand was that the neoliberal financial regime that his institution had installed throughout the developing world contributed to the very turbulence that he lamented.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website
Developing country · Economic growth · Economic history · Economics · Financial crisis · Keynesian economics · Parade · Political science · Economic Theory and Policy · Global Financial Crisis and Policies · Law
| Unique citing works | 2 |
|---|---|
| Citations per year | 0,09 |
| Citation span | 2003 - 2006 (4) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |