
#12 Fadhel Kaboub: Monetary Sovereignty, Colonialism and Independence
The MMT Podcast with Patricia Pino & Christian Reilly
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Rethinking Monetary Sovereignty
This chapter explores the complexities of monetary sovereignty in developing countries, focusing on the interplay between capital controls, external debt, and economic strategies. It critiques conventional beliefs about trade and competition, advocating for equitable partnerships and the need for a nuanced approach to economic development. Historical examples, particularly from South Korea, underline the importance of balancing local needs with global market dynamics while addressing misconceptions surrounding Modern Monetary Theory.
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