Economics has become an excessively esoteric discipline. Opportunities to bridge the gap between theorizing and policymaking are becoming increasingly limited. One issue of great importance to modern policymakers is the relationship between globalization and economic crisis. With unprecedented trends towards globalization (in part propelled by developments in information technology), the repercussions of economic crisis are more profound than ever before, particularly for developing countries. What Global Economic Crisis? bridges the gap between theory and policy by examining the destabilising effects of financial crises on economic growth, stability and development. It also presents some innovative ideas intended to inform the design of institutions able to foster more effective international policy coordination. Front Matter....Pages i-xviii Introduction: What Global Economic Crisis?....Pages 1-11 If Markets are Efficient, Why Have There Been So Many International Financial Market Crises Since the 1970s?....Pages 12-34 Reforming the International Financial Architecture: An Asian Perspective....Pages 35-58 An Agenda for a New Bretton Woods....Pages 59-77 Will the Euro Bring Economic Crisis to Europe?....Pages 78-103 Globalization, the Distribution of Power, and Full Employment....Pages 104-121 Competition Policy, Development, and Developing Countries....Pages 122-145 A Brazilian-Style ‘Ponzi’....Pages 146-177 Technology and Growth: Between Regionalization and Globalization....Pages 178-202 The Keynesian Micro-Foundations of the Business Cycle: Some Implications of Globalization....Pages 203-218 An Historical Perspective on Speculative Bubbles and Financial Crises: Tulipmania and the South Sea Bubble....Pages 219-243 John Cornwall: A Brief Appreciation....Pages 244-250 Back Matter....Pages 251-258 Economics has become a rather esoteric discipline. Opportunities to bridge the gap between theorizing and policy-making are becoming increasingly limited. One issue of great importance to modern policy-makers is the relationship between globalization and economic crisis. With unprecedented trends towards globalization (in part propelled by developments in information technology), the repercussions of economic crisis are more profound than ever before, particularly for developing countries. What Global Economic Crisis? bridges the gap between theory and policy by examining the destabilizing effects of financial crises on economic growth, stability and development. It also presents some innovative ideas intended to inform the design of institutions able to foster more effective international policy coordination Economics has become an excessively esoteric discipline. Opportunities to bridge the gap between theorizing and policymaking are becoming increasingly limited. One issue of great importance to modern policymakers is the relationship between globalization and economic crisis. With unprecedented trends towards globalization (in part propelled by developments in information technology), the repercussions of economic crisis are more profound than ever before, particularly for developing countries. This volume bridges the gap between theory and policy by examining the destabilizing effects of financial crises on economic growth, stability and development. It also presents some innovative ideas intended to inform the design of institutions able to foster more effective international policy co-ordination
One issue of great importance to modern policymakers is the relationship between globalization and economic crisis. With unprecedented trends towards globalization (in part propelled by developments in information technology), the repercussions of economic crisis are more profound than ever before, particularly for developing countries. What Global Economic Crisis? bridges the gap between theory and policy by examining the destabilizing effects of financial crises on economic growth, stability and development. It also presents some innovative ideas intended to inform the design of institutions able to foster more effective international policy coordination.
Economics has become an excessively esoteric discipline. This text bridges the gap between theory and policy in economics by examining the destabilising effects of financial crises on economic growth, stability and development The papers in this book were presented at a conference on Global Financial Crisis, held in Gonville and Caius College, Cambridge, UK, in early September 1999. Edited By Philip Arestis, Michelle Baddeley, And John Mccombie. Includes Bibliographical References And Index.
