Call for papers: New Perspectives on Globalization and Development following the Financial Crisis

A special issue of International Journal of Business and Emerging Markets

The recent financial crisis suggests that private capital flows may not be a reliable source of financing development, partly because portfolio equity flows are very volatile and because financial liberalization has led to an increase in short-term speculative flows. On the other hand, long-term private capital flows, namely FDI, are concentrated in a small number of emerging-market economies, while most low-income and least developed countries, which have a greater demand for external financing, receive no or very small amounts of such flows. How best to explain such cross-country differences and to formulate policy strategies going beyond the crisis?

Several questions concern academics and policy makers alike in the aftermath of the recent global financial crisis:

• What emerging market economies can learn from the experience of advanced economies with regard to greater degree of financial openness?
• What are the strategic choices of emerging market economies in a competitive global economy?
• What sorts of financial sector policies are helpful in assuring efficient allocation of resources?

This special issue aims to answer such questions, ranging from factors contributing to a crisis to policy strategies that can help prevent such imbalances and help address formulation of best business practices both in emerging and developing economies for smooth and steady functioning of the global economy. Both empirical and theoretical papers are invited.

The suggested subject coverage includes but is not limited to:

• Analyzing the crisis and its aftermath
• Globalization and transformation of financial systems
• The global credit crunch and sources of business finance
• Global imbalances and effects of fiscal stimulus
• Government borrowing and its risk to world financial system
• Financial globalization and monetary policy challenges
• Sources of financing development
• External finance, debt and FDI

Important Dates
Submission: 31 March, 2011
Notification: 30 September, 2011
First Revision: 31 March, 2012
Final Revision: 30 September, 2012