Managing The Global Economy - Softcover

Softcover

ISBN 10: 0198289685 ISBN 13: 9780198289685

Publisher: Oxford University Press, U.S.A., 1996

Synopsis

This book examines current issues in the world economic order-employment and international labour markets, volatility in foreign exchange markets, deregulation of financial markets-and asks whether we need new policies and institutions to manage the global economy. Writing from a predominantly Keynesian perspective the contributors suggest a range of policy options.

About this title

Review

significant contributions (New Statesman & Society)

This is an indispensable guide for trade unionists who still want to understand the scope which exists for nation states to adopt progressive policies. (Labour Research)

Nothing can detract from a sober analysis, and ... there is plenty of that in this book ... a nice spread of styles and approaches. None of the chapters are beyond the comprehension of an intellectually curious reader of the serious press ... What is distinctive about this book is it deals with its particular characterisation of the contemporary international economy ... is that the emphasis remains upon the management of that economy ... a major contribution. (Renewal)

Although this is a volume written and edited by economists, it is more than sufficiently policy- and indeed political economy-oriented to attract a far wider audience ... One of the considerable list of volumes marking the thirty years since Bretton Woods, this must surely be among the best ... commendably sensitive to the need for a clear vision of just what economic policy and institutions are supposed to accomplish ... The contributions are well linked and cross-referenced, which adds to the obvious coherence of the volume. (Journal of European Public Policy)

This book provides a very useful guide to the degree and dimensions of globalisation. (International Affairs)

Essential reading for researchers, policy makers, analysts, and writers on current economic issues. (Dawn Magazine)

Michie and Grieve Smith's book is firmly rooted in a neo-Keynesian political economy ... contains much of interest and relevance. (Local Economy)

Synopsis

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 thwe prelude to the two World Wars. This study 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. The book demonstrates that the global financial markets were created by financial institutions as governments freed financial 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. The 18 contributors include economists, economic commentators, practitioners and policy-makers.

Edition details

• Publisher: Oxford University Press, U.S.A.
• Publication date: 1996
• ISBN 10: 0198289685
• ISBN 13: 9780198289685
• Binding: Paperback
• Language: English
• Number of pages: 378
• Editor: Michie Jonathan