The Political Economy of Financial Liberalization

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The book delves into the critical discussion surrounding financial market liberalization and its impact on economic development, particularly highlighting how this debate, influenced by wealthier nations, has negatively affected less developed countries. Using Mexico as a case study, it explores the country's unique approach to modernization, which contrasts with liberal models by emphasizing state regulation and restrictions on market freedoms, offering insights into the complexities of financial liberalization in a non-liberal context.