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Managing the Global Economy (Hardcover, New)
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Managing the Global Economy (Hardcover, New)
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The demise of the post-war era of full employment has been followed
by more than 20 years of global instability. The world economy
enters the 21st century with the industrial world divided between
the European Union, the North American Free Trade Area, and the
Pacific Rim countries. This tripolar division could either form the
basis for negotiation and co-operation, or else the sort of
instability witnessed in the prelude to the two world wars.
Managing the Global Economy describes the key trends in the world
economy, and indicates what new institutional arrangements might be
appropriate - but stresses that action will not be taken until the
prevailing fatalistic economic ideology is discarded. It
demonstrates that the global financial markets were created by
financial institutions as governments freed finaincial markets from
their control. It documents how far international co-operation has
freed the markets and limited the power of governments, and
indicates how these priorities could be reversed.
18 leading economists, economic commentators, proactitionaers, and
policy-makers contribute to a book which will make a major impact
on policy debates.
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