Epilogue: challenges and possibilities
Chapter 6 in Inequality, Growth and ‘Hot’ Money, 2016, pp 172-175 from Edward Elgar Publishing
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.
Keywords: Economics and Finance (search for similar items in EconPapers)
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