By Dean Baker
In Globalization and innovative financial coverage, thirty-six famous economists learn the impression of the rising international economic system on our nationwide sovereignty and criteria of residing. Does globalization reason inequality? Instability? Unemployment? Environmenal degradation? Or is it an engine of prosperity and wealth for nearly all of the world's electorate? The authors study difficulties, associations and attainable executive responses, and finish that globalization could be a strength for strong or ailing reckoning on the measure of rules that governments and voters can workout over its trajectory.
Read or Download Globalization and Progressive Economic Policy PDF
Best economic policy books
Unholy Trinity: Labor, Capital and Land in the New Economy (Graz Schumpeter Lectures)
A number of the important result of Classical and Marxian political financial system are examples of the self-organization of the capitalist economic system as a fancy, adaptive method faraway from equilibrium.
An Unholy Trinity explores the kinfolk among modern complicated structures thought and classical political economic climate, and applies the tools it develops to the issues of brought about technical switch and source of revenue distribution in capitalist economies, the keep an eye on of environmental externalities similar to international warming and the stabilization of the realm population.
The arguments and strategies of this crucial publication tackle valuable difficulties either one of fiscal technology and monetary coverage and supply clean paths for theoretical exploration
The aim of this e-book is to reassess financial liberalism from the point of view of political liberalism. the writer argues that advocates of monetary liberalism mostly omit empirical political personal tastes which, in lots of societies, pass a ways past a restricted function of the country. fresh problems of reforming the welfare country offer proof that political personal tastes are at odds with liberal monetary coverage in different instances.
“Born worldwide” (BG) businesses have attracted many researchers through the final decade. The emergence of this phenomenon at first posed a significant problem to the validity and applicability of the conventional “stage” concept of internationalization; besides the fact that, students have extra lately been capable of reconcile conventional and new theories right into a unmarried framework for learning the method of internationalization.
Perfecting Parliament: Constitutional Reform, Liberalism, and the Rise of Western Democracy
This e-book explains why modern liberal democracies are in keeping with historic templates instead of innovative reforms; why the transition in Europe happened in the course of a comparatively brief interval within the 19th century; why politically and economically robust women and men voluntarily supported such reforms; how pursuits, rules, and preexisting associations affected the reforms followed; and why the nations that liberalized their political platforms additionally produced the commercial Revolution.
- Digital Economic Dynamics: Innovations, Networks and Regulations
- New Theories in Growth and Development
- Internalizing Globalization: The Rise of Neoliberalism and the Decline of National Varieties of Capitalism
- National Income and Social Accounting
- Age Shock: How Finance Is Failing Us
Additional resources for Globalization and Progressive Economic Policy
Sample text
The Bretton Woods accords were initially developed around the assumption that unregulated international capital mobility was incompatible with free trade, full employment, and rapid economic growth. S. Treasury Department, and most international financiers and economists claims that unfettered capital mobility is a virtual prerequisite for the success of a global free-trading system. Felix contends that policy measures guided by this mistaken conception are, among other things, largely responsible for the current Asian financial crisis.
He observes that, increasingly, central banks are relying on indirect methods of market intervention, such as open market operations, relative to direct measures, such as quantity controls or interest rate ceilings. In addition, Schaberg shows that this reliance on indirect policy tools is part of a broader movement toward deregulated, capital-market-based financial systems in the AngloAmerican tradition, as opposed to the more administratively controlled bank-based systems such as those that developed in Germany, France, and most East Asian economies, including Japan.
Finally, parity tests on long-term financial assets and real assets, such as foreign direct investment, almost always fail to show evidence toward convergence, probably for similar reasons to those for short-term bonds (Epstein 1996). These interest parity tests are even less likely to hold outside of the mature industrial countries. Capital controls are still on the books around the globe; in many parts of the world, domestic capital markets themselves are highly segmented (Blecker 1997; Chin and Dooley 1995).