There is growing dissatisfaction with the economic policies advocated by the IMF and other international financial institutions - policies that have often resulted in stagnating growth, crises, and recessions for client countries. This book presents an alternative to "Washington Consensus"...

Developing country debt crises have been a recurrent phenomenon over the past two centuries. In recent times sovereign debt insolvency crises in developing and emerging economies peaked in the 1980s and, again, from the middle 1990s to the start of the new millennium. Despite the fact that...

The financial crisis, which originated in developed country financial markets, quickly spread to developing countries. Governments and central banksthough taking many and costly measures were powerless to stop the global economic meltdown, as economies across the globe went into recession. The...

Capital market liberalization has been a key battle in the debate on globalization for much of the previous two decades. Many developing countries, often at the behest of international financial institutions such as the IMF, opened their capital accounts and liberalized their domestic financial...

Catch Up analyzes the evolution of developing countries in the world economy from a long-term historical perspective, from the onset of the second millennium but with a focus on the second half of the twentieth century and the first decade of the twenty-first century. It is perhaps among the...

This collection of fifteen essays by eminent economist Deepak Nayyar provides an unusual blend of theory and policy, of applied research and empirical work, and of the world economy and India. It explores a wide range of themes-from macroeconomics and industrialization, to development in the...

This collection of fifteen essays by eminent economist Deepak Nayyar provides an unusual blend of theory and policy, of applied research and empirical work, and of the world economy and India. The volume begins with the limited domain of trade theory and ends with the wide canvas of...

The selection of essays written over a period of two decades, focuses on trade and globalization. They provide a mix of theory and policy of applied research and empirical work, and of the world economy and India. The essays span a wide range of issues that are an integral part of the debate on...

This volume is a collection of published and unpublished essays authored by the eminent scholar Deepak Nayyar. The essays written over a period of two decades, focus on liberalization and development of underdeveloped and developing countries. The themes explored range from macroeconomics...

It is now more than fifty years since the United Nations system and the Bretton Woods institutions were created. The world has changed since then, and so have its governance needs in terms of institutions and rules. It is time to think about the contours of institutions and governance that would...