DVM 1100 Lecture 9: Chapter 9 DVM

• School: University of Ottawa
• Department: International Development and Globalization
• Course: DVM 1100
• Professor: Mahmoud Masaeli

Document Summary

Part 2: elements of growth in emerging market economies. De nitions and speci cations: economy (ex. chinese model) Tuesday, november 3, 2015 housing, publicly accessible education, training: political stability as a key in attracting of foreign investments. From isi to export orientation: import substitution industrialization (isi), isi became unsustainable: institutions within the country. The main goals are independency and control of economy. Comfort of state ownership and protection created ine cient economic. Exhaustion of isi possibilities and scope for expansion gave limited market size. International trade liberalization: post ww2 international trade liberalization. Maturity of private sector: investments in capital stock becomes the engine of economic growth, 2007 unpredictable crisis: Nancial ows comprised of foreign direct investment. Portfolio ows and banking loans are decreased. The success of asian growing economies (asian miracle) China and india also absorbed such follows: 2010 growth in portfolios: Think about maturity of private sectors in developing countries.