Cambridge Journal of Regions, Economy and Society Advance Access originally published online on June 2, 2009
Cambridge Journal of Regions, Economy and Society 2009 2(2):229-244; doi:10.1093/cjres/rsp012
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This article appears in the following Cambridge Journal of Regions, Economy and Society issue: Spatial Circuits of Global Finance [View the issue table of contents]
Financial liberalization and the geography of poverty
a Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge, 19 Silver Street, Cambridge CB3 9EP, UK. pa267{at}cam.ac.uk
b Economics Department, TOBB Economics and Technology University, Sö
ütözü Cad. No. 43, Sö
ütözü, Ankara, Turkey 06560
| Abstract |
|---|
We investigate the possibility of further channels through which financial liberalization policies might affect poverty and discuss how various factors have produced varying outcomes in different countries. The growth channel is the only one widely accepted in the literature. We suggest that three further channels should be added to the list: the financial crises channel, the access to credit and financial services channel and the income share of labour channel. We discuss how these channels operate differently in different countries. As far as we know, no attempt has been made previously in the literature to go beyond the growth channel.
Keywords: financial liberalization, poverty, channels of influence
Received on October 6, 2008. Accepted on April 28, 2009.
JEL Classifications: I32, O16