Capital Controls in Emerging Economies or Sports Nationalism and Globalization

Capital Controls in Emerging Economies, Vol. 174

Author: Christine P Ries

As a growing number of nations usher in market economies, policymakers must grapple with key decisions regarding capital controls and capital account liberalization. In this ambitious volume, distinguished economists evaluate these choices within the context of economic efficiency, economic structure, and political consequences in an increasingly global and competitive market environment. Critically assessing traditional positions on the timing and degree of liberalization of trade and capital flows, they also consider newer arguments from the fields of public choice, financial economics, and industrial organizations. In addition, the contributors examine some of the specific approaches undertaken in various emerging market economies, including in east-central Europe and the former Soviet Union.

Table of Contents:

	Preface
	Acknowledgments
	Introduction and Overview	1
1	Orthodoxy Is Right: Liberalize the Capital Account Last	13
2	Reality and the Logic of Capital Flow Liberalization	17
3	Preconditions for Liberalization of Capital Flows: A Review and Interpretation	33
4	The Information Costs of Capital Controls	45
5	Currency Convertibility, Policy Credibility and Capital Flight in Poland and the Czech and Slovak Federal Republic	63
6	Capital Controls and Corporate Investment Behavior	89
7	Capital Account Liberalization and Policy Incentives: An Endogenous Policy View	111
8	A Payments Mechanism for the Independent States of the Former Soviet Union	137
	About the Editors and Contributors	159

Interesting textbook: Williams Sonoma or Saltwater Foodways

Sports, Nationalism and Globalization: European and North American Perspectives

Author: Alan Bairner

"Sport and nationalism are arguably two of the most emotional issues in the modern world. Both inspire intense devotion and frequently lead to violence. In this book, Alan Bairner discusses the relationship between sport and national identities in Europe and North America - specifically Ireland, Scotland, Sweden, the United States, and Canada - within the context of a broader theoretical debate about the impact of globalization in the modern era. Through a unique comparative perspective, the author sheds new light on the ways sport impacts the construction and reproduction of national identities. Ultimately, the work considers the role of sport in allowing nations and nationalists to resist, or at least come to terms with, powerful globalizing pressures."--BOOK JACKET.

Booknews

A conservative British politician's proposal that immigrants must pass a "cricket test" to become citizens exemplifies the central theme of the intimate relation that can exist between sport and national identity. Bairner (sports studies, U. of Ulster, Jordanstown, Northern Ireland) uses case studies to define the exact nature of this relationship in Ireland, Scotland, Sweden, the US, and Canada, with a concluding chapter on the impact of globalization on the production of national identity. Annotation c. Book News, Inc., Portland, OR (booknews.com)