European Parliament Library

Globalization in an age of crisis, multilateral economic cooperation in the twenty-first century /, edited by Robert C. Feenstra and Alan M. Taylor - print

Summary
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, approaches 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 the global economic cooperation
Table Of Contents
Introduction / Robert C. Feenstra, Alan M. Taylor -- Coping with shocks and shifts : the multilateral trading system in historical perspective / Douglas A. Irwin, Kevin H. O'Rourke. Comment / L. Alan Winters ; Comment / Rufus Yerxa -- International policy coordination : the long view / Barry Eichengreen. Comment / Charles Bean ; Comment / Gerardo della Paolera -- Can the Doha Round be a development round? Setting a place at the table / Kyle Bagwell, Robert W. Staiger. Comment / Robert D. Anderson -- Preferential trade agreements and the world trade system : a multilateralist view / Pravin Krishna. Comment / Ernesto Zedillo ; Comment / Anthony Venables -- Trade and industrialization after globalization's second unbundling : how building and joining a supply chain are different and why it matters / Richard Baldwin. Comment / Andrés Velasco -- Facing the climate change challenge in a global economy / Lee Branstetter, William Pizer. Comment / Alex Bowen -- Multilateral economic cooperation and the international transmission of fiscal policy / Giancarlo Corsetti, Gernot J. Müller. Comment / Domenico Siniscalco ; Comment / Martin Feldstein -- The international monetary system : living with asymmetry / Maurice Obstfeld. Comment / Takatoshi Ito -- Global macroeconomic and financial supervision : where next? / Charles A.E. Goodhart. Comment / Adair Turner ; Comment / Richard Berner -- Panel discussion / Charlene Barshefsky, Martin Feldstein, Subir Gokarn, Paul Keating -- Afterword : how the financial crises have changed the world / Martin Wolf
Language
eng
Physical Description
1 online resource (x, 422 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9780226030753

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