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Books > Social sciences > Sociology, social studies > Social issues
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Globalization's Limits - Conflicting National Interests in Trade and Finance (Hardcover, New Ed)
Loot Price: R4,506
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Globalization's Limits - Conflicting National Interests in Trade and Finance (Hardcover, New Ed)
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So far there has been only praise for globalization. However, the
export wave of China's manufacturing machine and, more recently,
the Global financial crisis show that globalization has limits.
Globalization, the internationalization of trade, and financial
integration are having enormous implications for businesses as well
as for the whole economies of countries or blocks of countries. In
this book Dr Chorafas argues that research is now producing
evidence that there are limits to such globalization and
amalgamation and that these need to be better defined and
understood if some of the problems now being identified are to be
prevented from applying the brakes, or worse, putting the process
into reverse gear. The author examines the impact on countries such
as the United States and European Union of occurrences like China's
emergence as a massive manufacturing platform and the distortions
of trade that result, affecting countries' GDP and creating
problems such as uncontrollable current account deficits. He also
considers the effect of Sovereign Wealth Funds as new entrants on
the scene. These, he argues, are seen by some as 'the Trojan horses
of state capitalism', particularly in what he defines as the
'absence of a global sheriff'. Globalization's Limits looks at the
EU and the Euroland as a test of globalization. The conclusions
Chorafas draws about the effect on member states of pan-European
banking, and the Euro as common currency, have implications for
Britain and for the rest of the world. Issues relating to missed
opportunities and leadership beg questions such as 'Who, if
anybody, is or should be in charge of global monetary policy?
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