 Biases in Global Markets: Can the Forces of Inequity and Marginalisation be Modified?Chapter 12 in The UN and the Bretton Woods Institutions, 1995, pp 164-184 from Palgrave Macmillan Abstract: Abstract Marketisation was a universal phenomenon in the 1980s — in developed countries under the influence of monetarism and the leadership of Thatcher and Reagan, in the developing countries largely as a result of pressure from the IMF and World Bank, and in Eastern Europe, with the collapse of communism. The advance of markets was both a domestic and an international development. The progressive dominance of domestic markets arose largely as a result of conscious political decisions. While these also influenced global markets, their advance was as much the product of forces outside conscious control — including technology change and especially the communications revolution, migratory forces, and institutional developments. Domestically, marketisation meant reduced state interventions, reduced subsidisation and increased privatisation. Internationally, global markets became increasingly important while systems of regulating these markets were haphazard, biased, non-existent or in retreat. Keywords: Foreign Direct Investment; Technology Transfer; Income Distribution; Bargaining Power; Global Market (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23958-0_13 Ordering information: This item can be ordered from DOI: 10.1007/978-1-349-23958-0_13 Access Statistics for this chapter More chapters in Palgrave Macmillan Books from Palgrave Macmillan |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.