ENGLISH

Developed Nations and the Economic Impact of Globalization

By Ken Moak (auth.)

Book information

Publisher
Palgrave Macmillan
Year
2017
ISBN
978-3-319-57902-3, 978-3-319-57903-0
Language
english
Format
PDF
Filesize
2 MB (2090340 bytes)
Edition
1
Pages
XII, 259\263
Time added
2017-08-08 21:00:00
International Economics;Development Economics;Econ

Description

This book discusses the economic and geopolitical effects of globalization from historical and institutional perspectives. While it has had unintended consequences, such as displacing developed countries' dominance of production markets, the overall benefits of globalization far outweigh the costs. Moak argues that leading developed nations should not fear globalization but, instead, make concerted efforts to promote it in order to keep the cost-benefit balance weighing in favor of economic enhancement and geopolitical stability. Having incurred huge private and public debts as well as a weak monetary policy posture, many developed nations have been unable to recovery from the 2008 financial crisis. Moreover, geopolitical tensions are rising due to the power rivalry between the United States, China, and Russia over a host issues, including trade imbalances and geopolitics. This book aims to provide stakeholders with the relevant and necessary information to hold an objective debate on globalization. Ultimately, this book is about globalization— what it is, how it impacts the global economy and polity, and why it is needed now more than any other time in human history. Front Matter....Pages i-xii A Summary Analysis of the Globalization’s Dynamism....Pages 1-18 Globalization: Drivers and Effects....Pages 19-47 History of Globalization: European Colonization and Bretton Woods....Pages 49-73 Bretton Woods International Trade and Financial Organizations....Pages 75-95 GATT, Rounds of Negotiations, and the World Trade Organization....Pages 97-120 Selected Bilateral and Regional Trade and Investment Agreements....Pages 121-146 The Group of Seven and Group of Twenty....Pages 147-166 The 2008 Global Financial Crisis: Effects on the Global Economy....Pages 167-187 The Washington Consensus Versus The Beijing Consensus....Pages 189-209 BRICS and China Initiated Global Trade Initiatives and Financial Institutions: Alternatives to the US-Dominated IMF and WBG and ADB....Pages 211-223 The Future of Globalization: Should It Be Promoted or Ended?....Pages 225-246 A Final Word on Globalization....Pages 247-251 Back Matter....Pages 253-259

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