Capital Mobility and Distributional Conflict in, Gemici..

Taylor & Francis

Capital Mobility and Distributional Conflict in Chile, South Korea, and TurkeyAuthor(s): Kurtulu? Gemici\nFormat: Paperback\nPublisher: Taylor & Francis Ltd, United Kingdom\nImprint: Routledge\nISBN-13: 9781032336244, 978-1032336244\nSynopsis\nWhy did many emerging countries pursue risky financial opening policies in a reckless manner, even after the painful example of the Latin American debt crisis? Unlike trade liberalization, which has mostly been beneficial in emerging countries, the removal of capital controls has led to boom-bust patterns in many countries. It is not simply driven by class or sectoral interests, nor is it just a result of ideational changes in policy-making circles, or international pressure. Gemici argues that to fully understand the motivation for these policies, we need to take into account distributional struggles prior to their enactment.\n\nIn this book, Gemici shows that conflictual distributional relations significantly increase the likelihood of ca.