This volume examines the problems besetting the world economy in
the era of globalization and outlines possible solutions. The
contributors reject the current orthodoxy in mainstream economics,
challenging the fatalistic belief that the new globalized economy
resists any change of course. The contributors demonstrate how
contemporary forms of instability, from speculative capital
movements to debt crises, can be offset by a more effective global
financial regime. Issues covered include: international economic
institutions and contemporary problems; the Asian crises of 1997-8
and their implications; and the economic consequences of
globalization. "Global Instability" collects the reflections of
leading economic thinkers, including Philip Arestis, Gerald
Epstein, Ilene Grabel, Malcolm Sawyer, Ajit Singh and John Smithin.
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