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Books > Business & Economics > Economics > Macroeconomics
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On the Brink of Deglobalization - An Alternative Perspective on the Causes of the World Trade Collapse (Hardcover)
Loot Price: R2,719
Discovery Miles 27 190
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On the Brink of Deglobalization - An Alternative Perspective on the Causes of the World Trade Collapse (Hardcover)
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`Peter van Bergeijk has written a fascinating book on the recent
trade collapse, that in size can only be compared to the (trade)
crises of the 1930s. There are at least two reasons to read the
book. The first is to get a better understanding why the world has
witnessed a dramatic decline of international trade. Peter van
Bergeijk systematically analyzes the standard explanations that are
given for this collapse, for example those put forward by the WTO,
and concludes that most are wrong or unconvincing, and provides his
own thought provoking explanation: risk and uncertainty. The second
reason to read the book is that it provides all those interested in
international trade with a clear and interesting introduction to
understand the world of international trade and learn a great deal
along the way, and not only about the recent trade collapse.' -
Steven Brakman, University of Groningen, The Netherlands On the
Brink of Deglobalization addresses the breakdown of international
trade and capital flows in 2008/09 and challenges the mainstream
narrative for the world trade collapse. Detailed chapters on
international finance, fragmentation of production, protectionism
and earlier episodes of collapsing trade reveal data that
contradicts conventional explanations and demonstrates that the
trade collapse was driven by the shock of (perceived) trade
uncertainty. Peter van Bergeijk discusses why trade barriers and
import substitution are seen as solutions during depressions while
presenting empirical evidence demonstrating the risks of such
policies. This book provides a broad, historical and statistical
analysis relevant to understanding the recent world trade collapse.
Being the first comprehensive analysis of the risks and drivers of
deglobalization, this unique and challenging book will appeal to
trade economists, trade policymakers and analysts as well as those
involved in international business.
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