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Epilogue: challenges and possibilities

In: Inequality, Growth and ‘Hot’ Money

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Abstract

The chapter provides the conclusion and main message of the book, describing general challenges and possibilities for developing countries, many of which are also applicable to some developed ones. In particular, the reversal in capital flows that started in 2015 will reveal the impact of previous inflows on the productive structure. But the chapter calls for a more engaging policy approach, learning from the resilience that developing countries showed to the 2008. A more active credit policy, targeting strategic sectors, among a macroeconomic framework oriented to sustain high employment levels and reduce financial fragility is called for.

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  • ., 2016. "Epilogue: challenges and possibilities," Chapters, in: Inequality, Growth and ‘Hot’ Money, chapter 6, pages 172-175, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:16277_6
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    Cited by:

    1. Jana Lippelt, 2017. "Climate Notes on the Development and Future of the World’s Forests," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 17(4), pages 76-78, January.

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    Economics and Finance;

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