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Author: Peter A. G. van Bergeijk Publisher: Edward Elgar Publishing ISBN: 9781849807739 Category : Global Financial Crisis, 2008-2009 Languages : en Pages : 0
Book Description
There are at least two reasons to read this fascinating book on the recent trade collapse, that in size can only be compared to the (trade) crises of the 1930s. The first is to get a better understanding why the world has witnessed a dramatic decline of international trade. The author systematically analyzes the standard explanations that are given for this collapse, for example those put forward by the WTO, and concludes that most are wrong or unconvincing, and provides his own thought provoking explanation: risk and uncertainty. The second reason to read the book is that it provides all those interested in international trade with a clear and interesting introduction to understand the world of international trade and learn a great deal along the way, and not only about the recent trade collapse. Detailed chapters on international finance, fragmentation of production, protectionism and earlier episodes of collapsing trade reveal data that contradicts conventional explanations and demonstrates that the trade collapse was driven by the shock of (perceived) trade uncertainty. The author discusses why trade barriers and import substitution are seen as solutions during depressions while presenting empirical evidence demonstrating the risks of such policies. This book provides a broad, historical and statistical analysis relevant to understanding the recent world trade collapse of 2008-09 and challenges the mainstream narrative.
Author: Peter A. G. van Bergeijk Publisher: Edward Elgar Publishing ISBN: 9781849807739 Category : Global Financial Crisis, 2008-2009 Languages : en Pages : 0
Book Description
There are at least two reasons to read this fascinating book on the recent trade collapse, that in size can only be compared to the (trade) crises of the 1930s. The first is to get a better understanding why the world has witnessed a dramatic decline of international trade. The author systematically analyzes the standard explanations that are given for this collapse, for example those put forward by the WTO, and concludes that most are wrong or unconvincing, and provides his own thought provoking explanation: risk and uncertainty. The second reason to read the book is that it provides all those interested in international trade with a clear and interesting introduction to understand the world of international trade and learn a great deal along the way, and not only about the recent trade collapse. Detailed chapters on international finance, fragmentation of production, protectionism and earlier episodes of collapsing trade reveal data that contradicts conventional explanations and demonstrates that the trade collapse was driven by the shock of (perceived) trade uncertainty. The author discusses why trade barriers and import substitution are seen as solutions during depressions while presenting empirical evidence demonstrating the risks of such policies. This book provides a broad, historical and statistical analysis relevant to understanding the recent world trade collapse of 2008-09 and challenges the mainstream narrative.
Author: Daniel W. Drezner Publisher: Oxford University Press ISBN: 0199706085 Category : Political Science Languages : en Pages : 281
Book Description
International institutions, from the International Monetary Fund to the International Olympic Committee, are perceived as bastions of sclerotic mediocrity at best and outright corruption at worst, and this perception is generally not far off the mark. In the wake of the 2008 financial crash, Daniel W. Drezner, like so many others, looked at the smoking ruins of the global economy and wondered why global economic governance structure had failed so spectacularly, and what could be done to reform them in the future. But then a funny thing happened. As he surveyed their actions in the wake of the crash, he realized that the evidence pointed to the exact opposite conclusion: global economic governance had succeeded. In The System Worked, Drezner, a renowned political scientist and international relations expert, contends that despite the massive scale and reverberations of this latest crisis (larger, arguably, than those that precipitated the Great Depression), the global economy has bounced back remarkably well. Examining the major resuscitation efforts by the G-20 IMF, WTO, and other institutions, he shows that, thanks to the efforts of central bankers and other policymakers, the international response was sufficiently coordinated to prevent the crisis from becoming a full-fledged depression. Yet the narrative about the failure of multilateral economic institutions persists, both because the Great Recession affected powerful nations whose governments managed their own economies poorly, and because the most influential policy analysts who write the books and articles on the crisis hail from those nations. Nevertheless, Drezner argues, while it's true that the global economy is still fragile, these institutions survived the "stress test" of the financial crisis, and may have even become more resilient and valuable in the process. Bucking the conventional wisdom about the new "G-Zero World," Drezner rehabilitates the image of the much-maligned international institutions and demolishes some of the most dangerous myths about the financial crisis. The System Worked is a vital contribution to our understanding of an area where the stakes could not be higher.
Author: Peter A.G. van Bergeijk Publisher: Edward Elgar Publishing ISBN: 1788973461 Category : Business & Economics Languages : en Pages : 224
Book Description
Deglobalization 2.0 argues that Trump and Brexit are the symptoms, and not the causes, of a long sequence of alternating phases of globalization and deglobalization driven by increasing income inequality and the retreat from the global stage by a contested hegemon. Providing rich empirical details, Peter van Bergeijk investigates similarities and differences between the Great Depression of the 1930s and the Great Recession and its aftermath of a slowdown in global trade. Providing an overview of recent findings and a discussion of contributions from several disciplines, the book investigates scenarios for the future of the economic world order and proposes possible solutions.
Author: Hyun-hoon Lee Publisher: World Scientific ISBN: 981122899X Category : Business & Economics Languages : en Pages : 324
Book Description
Coronavirus disease (COVID-19) has been an unprecedented, once-in-a-century gamechanger for the world. The central focus of Post-COVID Asia is the new world that will emerge after the coronavirus. In particular, this book explores how deglobalization will proceed in the post-COVID world and what kind of impact deglobalization will have on Asian economies. After all, in the last few decades, Asia has leveraged globalization to become the world's fastest-growing, most dynamic region. Therefore, an urgent challenge facing Asian economies is to figure out how to survive and thrive when the globalization which served them so well is giving way to deglobalization.Opportunities have emerged for Asian economies amid the winding down of the third wave of globalization. In fact, the next wave of globalization is already beginning to take shape, in tandem with the Fourth Industrial Revolution, which is full of exciting new technologies. This book offers insights that would help governments, companies and people in Asia to ride the next wave of globalization to power their prosperity.
Author: David S. Jacoby Publisher: Praeger ISBN: 1440861307 Category : Business & Economics Languages : en Pages : 0
Book Description
Introduction: Trump, nationalism, and a future in the balance -- Trade past and present (a quick primer) -- The U.S. time bomb that blew up in 2016 -- Broader problems with trade--what's behind anti-globalism -- Is the world trade order broken? -- Can welfare states survive in the global economy? -- Potential trade scenarios -- The huge (but hard to quantify) social benefits of trade -- How mature industrial nations should forge the new multilateralism -- Conclusion: a vision for sustainable global growth through trade
Author: Roopinder Oberoi Publisher: Springer ISBN: 3319791230 Category : Social Science Languages : en Pages : 203
Book Description
This provocative volume takes an international, multidisciplinary approach to understanding globalization and assessing its economic, social, and environmental effects. Representing the Global North and South, it addresses important debates stemming from recent political events in the U.S. and U.K., the continuing rise of information technology, and the constant struggle between corporate interests and the health of the planet.The human outcomes of world human rights challenges are considered in the ongoing global narratives of migrants, refugees, and disabled persons, as well as possibilities for greater social equity and integration.This expert synthesis takes critical steps to reshape the concept of globalization from an amorphous mass of objectives and initiatives to a forward-looking model of clarity and balance. Included in the coverage: Globalization and migration: is there a borderless world A comparative assessment of climate policies of top emitters. Neo-protectionism in the age of Brexit and Trump. Working inclusively and redefining social valorization in the globalized world. Understanding the strategy of M&As in the globalized perspective. Reappraisal of social enterprise in a globalized world. Revisiting Globalism will be of particular interest to those in the academic field and the statutory and nonprofit sectors whose work deals with teaching social sciences in higher education settings.
Author: Gupta, Ruchika Publisher: IGI Global ISBN: 1799887073 Category : Business & Economics Languages : en Pages : 256
Book Description
The outbreak of COVID-19 had a profound impact on global economic growth. Global trade has transformed drastically and will only continue to do so as countries vote on export and import decisions based on global competition. Many countries would be compelled to reconsider multi-country trade deals as internal interests will push and dictate them. More important than ever, it is imperative that self-reliant economies be investigated specifically in the post-COVID-19 era in order to understand the impacts made on international ties and trade agreements. Transitioning From Globalized to Localized and Self-Reliant Economies is a comprehensive reference source that looks at how economies are now moving towards becoming self-reliant, especially in the wake of the COVID-19 pandemic. Covering topics such as digitalization, technological innovation, and personal finance, this is a beneficial resource for economists, executives, managers, government officials, policymakers, entrepreneurs, IT departments, human resource managers, CEOs, students, researchers, and academicians.
Author: Ramesh Chandra Das Publisher: Emerald Group Publishing ISBN: 1801178720 Category : Business & Economics Languages : en Pages : 275
Book Description
Globalization, Income Distribution and Sustainable Development: A theoretical and empirical investigation focuses on the impact of globalization on income distribution in a wider perspective and exploring the impact of globalization on sustainable development in a range of countries across the globe.
Author: Stephen Rowley Publisher: BRILL ISBN: 9004469842 Category : Political Science Languages : en Pages : 323
Book Description
European Perceptions of China and Perspectives on the Belt and Road Initiative is a collection of fourteen essays on the way China is perceived in Europe today. These perceptions – and they are multiple – are particularly important to the People’s Republic of China as the country grapples with its increasingly prominent role on the international stage, and equally important to Europe as it attempts to come to terms with the technological, social and economic advances of the Belt and Road Initiative. The authors are, on the whole, senior academics specializing in such topics as International Relations and Security, Public Diplomacy, Media and Cultural Studies, and Philosophy and Religion from more than a dozen different European countries and are involved in various international projects focussed on Europe-China relations.