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Globalization in an Age of Crisis (Hardcover)
Loot Price: R3,386
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Globalization in an Age of Crisis (Hardcover)
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Along with its painful economic costs, the financial crisis of 2008
raised concerns over the future of international policy making. As
in recessions past, new policy initiatives emerged that placed
greater importance on protecting national interests than promoting
international economic cooperation. Whether in fiscal or monetary
policies, the control of currencies and capital flows, the
regulation of finance, or the implementation of protectionist
policies and barriers to trade, there has been an almost worldwide
trend toward the prioritizing of national economic security. But
what are the underlying economic causes of this trend, and what can
economic research reveal about the possible consequences? Prompted
by these questions, Robert C. Feenstra and Alan M. Taylor have
brought together top researchers with policy makers and
practitioners whose contributions consider the ways in which the
global economic order might address the challenges of globalization
that have arisen over the last two decades and that have been
intensified by the recent crisis. Chapters in this volume consider
the critical linkages between issues, including exchange rates,
global imbalances, and financial regulation, and plumb the
political and economic outcomes of past policies for what they
might tell us about the future of global economic cooperation.
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