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Books > Social sciences > Politics & government > International relations
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Rules for the Global Economy (Paperback)
Loot Price: R585
Discovery Miles 5 850
You Save: R94
(14%)
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Rules for the Global Economy (Paperback)
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List price R679
Loot Price R585
Discovery Miles 5 850
You Save R94 (14%)
Expected to ship within 12 - 17 working days
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Rules for the Global Economy is a timely examination of the
conditions under which international rules of globalization come
into existence, enabling world economic and financial systems to
function and stabilize. Horst Siebert, a leading figure in
international economics, explains that these institutional
arrangements, such as the ones that govern banking, emerge when
countries fail to solve economic problems on their own and cede
part of their sovereignty to an international order. Siebert
demonstrates that the rules result from a trial-and-error
process--and usually after a crisis--in order to prevent pointless
transaction costs and risks. Using an accessible and
nonmathematical approach, Siebert links the rules to four areas:
international trade relations, factor movements, financial flows,
and the environment. He looks at the international division of
labor in the trade of goods and services; flow of capital;
diffusion of technology; migration of people, including labor and
human capital; protection of the global environment; and stability
of the monetary-financial system. He discusses the role of ethical
norms and human rights in defining international regulations, and
argues that the benefits of any rules system should be direct and
visible. Comprehensively supporting rules-based interactions among
international players, the book considers future issues of the
global rules system.
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