Neoliberalism and global capital mobility: a necessary reconsideration of textbook trade theory
Textbook theory ignores capital flows: trade determines exchange rates and specialisation. Approaches taking the effects of capital movements adequately into account are needed, and a new theory of economic policy including measures to protect the real economy from external volatility. Equilibrating...
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| Format: | Article |
| Language: | English |
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Editora 34
2015-06-01
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| Series: | Brazilian Journal of Political Economy |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0101-31572015000200267&lng=en&tlng=en |