Debt, Dependence and Development in Historical Perspective with Andew Fischer
Crash Course Economics
00:00
Navigating Global Value Chains and Imposing Capital Controls
This chapter explores China's economic success in global value chains, emphasizing the importance of state intentionality and competitive multinational corporations. It discusses the necessity of reintroducing capital controls to focus on industrial imports and prevent speculative finance distortions. The conversation also delves into historical debt crises, Ethiopia's economic model challenges, and dependency theory in the context of global financial markets.
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