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Published in:
1989 | OriginalPaper | Chapter
Financial Globalisation and the LDC Debt Crisis
Author : David Felix
Published in: Economic Development and World Debt
Publisher: Palgrave Macmillan UK
Included in: Professional Book Archive
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Capitalist finance has come a long way from Ricardo’s era, when its mobility was bounded nationally by high transactions costs and patriotic sentimentality. Financial globalisation has had, however, a mixed press, reflecting not merely nationalistic prejudices, but also dubious results even when judged from a cosmopolitan perspective.