The Cost of Free Money - How Unfettered Capital Threatens Our Economic Future (Hardcover)

A penetrating account of how unchecked capital mobility is damaging international cooperation, polarizing the economic landscape, and ultimately reshaping the global order "An expert on global financial and monetary systems . . . lucidly describes the failings of the international monetary 'non-system' that emerged after the collapse of the Bretton Woods system in the 1970s."-Martin Wolf, Financial Times "Best Books of 2020: Economics" When it comes to the afflictions of the global economy, almost everyone-and especially Donald Trump-is quick to point the finger of blame at the state of international trade. But what about unconstrained capital flows? Unfettered capital has resulted in a string of financial and economic crises that have left our political systems strained and dialogue corroded. The once perceived benefits of openness have been cast to the wayside and the cracks in the global order can no longer be ignored. Paola Subacchi argues that international cooperation and interdependence have become crippled. Regional restrictions will soon strengthen and a multipolar order will take shape, leading to a distinctly transformed economic landscape in which China challenges the dominance of the US dollar. Combining history, analysis, and prediction, this book provides penetrating insight into the challenges facing the international economic order.

General

Imprint:	Yale University Press
Country of origin:	United States
Release date:	July 2020
Authors:	Paola Subacchi
Dimensions:	241 x 163 x 31mm (L x W x T)
Format:	Hardcover - Cloth over boards
Pages:	320
ISBN-13:	978-0-300-24404-5
Categories:	Books > Business & Economics > Economics > Political economy Books > Humanities > History > History of specific subjects > Economic history Books > Social sciences > Politics & government > Central government > Central government policies Books > Social sciences > Politics & government > International relations > General Books > Business & Economics > Economics > Macroeconomics > Monetary economics Books > Business & Economics > Economics > International economics > International trade > Trade agreements & tariffs Books > History > History of specific subjects > Economic history Promotions
LSN:	0-300-24404-5
Barcode:	9780300244045

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