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Globalization and Growth Implications for a Post-crisis World
by Michael Spence Danny Leipziger*What were the causes of the financial and economic crises of 2008-2009? *What intellectual and policy mistakes prevented academics and policymakers from anticipating the crisis? *What is the future of financial regulation-both domestic and international? *What role did global macroeconomic imbalances play in the run-up to the crisis? *What is the future of the export-led growth model and what are the implications for developing countries? *To what extent will government remain involved in the economy as a result of the crisis? *What is state of infrastructure policy and the outlook for growth-promoting infrastructure spending? *What is the appropriate role of countercyclical fiscal policy in stimulating growth? *What are the long term challenges to growth? *How will climate change dynamics affect developing country growth in the future? *How will evolving demographic trends affect labor markets and what are possible policy steps to mitigate projected declines in economic growth? This book has been prepared for the Commission on Growth and Development to evaluate the prospects for economic growth in developing countries in the wake of the world financial and economic crises of 2008-2009. It considers a range of questions, particularly with regard to the future of globalization and the policy implications of the crisis. It considers the important issues pertaining to short-term, medium-term, and long-term growth and puts forward the latest policy ideas for fostering sustained economic growth in the developing world. Written by prominent academics, policymakers, and practitioners, the contributions to 'Globalization and Growth' seeks to create a better understanding of the evolving dynamic of globalization and economic growth, with particular regard to developing countries, and to inform policy makers of possible policy levers to address central concerns in this area.
Globalization and History: The Evolution of a Nineteenth-Century Atlantic Economy
by Jeffrey G. Williamson Kevin H. O'RourkeIn Globalization and History, Kevin O'Rourke and Jeffrey Williamson present a coherent picture of trade, migration, and international capital flows in the Atlantic economy in the century prior to 1914.
Globalization and Human Resource Management in the Airline Industry (Ashgate Studies in Aviation Economics and Management)
by Jack EatonGlobalization is a pervasive feature of recent industrial and commercial developments, not least in the airline business with concomitant effects on human resource management. This book focuses on the organization and human resource changes that have taken place in the international airline industry in recent years. It provides an extensive analysis of airline organization and external relations, airline organization and internal relations, changes in industrial relations and human resource management and also, the integration of human resource management and other management functions. The authoritative second edition of an already established work that covers both theory and practice, this book will be of great interest to managers in all areas of the airline industry, as well as to students of air transport and personnel/human resource management.
Globalization and Human Rights
by Jesús Ballesteros Encarnación Fernández Ruiz-Gálvez Pedro TalaveraGlobalisation turns out to be untenable because it does not guarantee minimum social equity, peace and respect for the environment, and therefore does not guarantee the effective accomplishment of human rights. This book analyzes this issue and raises proposals for a new perspective. The first part describes the soft threats to human rights, derived from the devaluation of the politics and the productive economy with regard to the finance. It entails the concealment of the reality in the shape of exploitation as the tax havens and in the shape of marginalization of the persons with different abilities. The second part include a study of hard threats to human rights and examines two cases of failed states: Afghanistan and Somalia, in which the violence has supplanted the politics and the economy. In view of these situations it is necessary to rethink the force of classic ius gentium and the humanitarian right. The third part presents the European Union as a legal and political space in which conditions of a worthy life are better defended by means of the Primacy of Practical Reason and Social State of Law, and by the requirement of peace as the main rule of international relations.
Globalization and Inequality
by Elhanan HelpmanGlobalization is not the primary cause of rising inequality. That is the conclusion of this penetrating study by Elhanan Helpman, a leading expert on international trade. If we wish to curb inequality while protecting what is best about globalization, he shows, we must start with a clear view of how globalization does, and does not, shape our world.
Globalization and Inequality in Advanced Economies: Trade, Tax Base Mobility, and Policy Implications (Economic Studies in Inequality, Social Exclusion and Well-Being)
by Joël HellierThis volume surveys and combines the different dimensions of globalization so as to propose a general diagnosis of the way they interact to explain growing inequality in advanced economies. The extant economic literature has widely analyzed (i) the impact on inequality of trade between advanced and emerging countries (North-South Trade), particularly offshoring, (ii) the impact of tax base mobility on tax competition and (iii) the globalization-driven constraints on social policies and labor market institutions. Those three strands of analysis and the related literature have been reviewed in a number of surveys but have not been combined to provide an extensive study of the impact of their interactions on inequality. This volume fills that gap. Providing a general diagnosis of the globalization-inequality nexus within advanced economies and opening new avenues for research and potential reforms, this book will be of interest to researchers and students of economics and the social sciences.
Globalization and Islamic Finance
by Hossein Askari Zamir Iqbal Abbas MirakhorThis is an extremely valuable book written by three highly qualified scholars whose credentials for writing such a book are difficult to match. The timing of the book is also perfect, having come at a time when the worst financial crisis in living memory has intensified the quest for reform of the international architecture. The proposals made by the authors should go a long way in not only reforming the system but also in accelerating the move towards financial globalization and convergence of the conventional and Islamic financial systems. Dr. Umer Chapra Prominent Scholar of Islamic Economics and currently Research Advisor Islamic Research and Training Institute (IRTI), Islamic Development Bank (IDB) Globalization and Islamic Finance, by three well-respected authors in Islamic finance, provides a thought-provoking analysis of an important and topical issue, particularly, given the global impact of the current financial and economic crises. The book is the first attempt to make a compelling case of convergence between globalization and Islamic finance. Askari, Iqbal and Mirakhor should be praised for this serious effort, which is a must-read for academics and practitioners interested in Islamic finance. Professor Rifaat Ahmed Abdel Karim Secretary General Islamic Financial Services Board (IFSB) This book has a robust discussion of the growth and spread of Islamic finance within the umbrella of globalization. The book provides a unique view of Islamic finance, not only from the perspective of how Islamic finance fits within globalization in general, but globalization of finance in particular. This is a must read for anyone interested in the complex and complicated world of Islamic finance. Scheherazade S. Rehman, Ph. D. Director, European Union Research Center Professor of International Finance, School of Business The George Washington University I have not come across any literature that has delved so intensely in financial globalization, in particular Islamic finance. Due to this reason, I would encourage all interested in this area to read this book. Hajah Salma Latiff Managing Director, Crescent Sdn. Bhd. Former Director, Centre for Islamic Banking, Finance and Management (CIBFM), Universiti Brunei Darussalam The recent crisis has evoked wide interest in Islamic finance publications. Globalization and Islamic Finance is both timely and needed. Sani Hamid Director, Wealth Management Financial Alliance (Singapore)
Globalization and Its Discontents
by Joseph E. StiglitzThis powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.
Globalization and Its Discontents
by Joseph E. StilgitzWhen it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. A new foreword for this edition.
Globalization and Its Discontents Revisited: Anti-Globalization in the Era of Trump
by Joseph E. StiglitzAn International Bestseller "Accessible, provocative, and highly readable." —Alan Cowell, New York Times In this crucial expansion and update of his landmark bestseller, renowned economist and Nobel Prize winner Joseph E. Stiglitz addresses globalization’s new discontents in the United States and Europe. Immediately upon publication, Globalization and Its Discontents became a touchstone in the globalization debate by demonstrating how the International Monetary Fund, other major institutions like the World Bank, and global trade agreements have often harmed the developing nations they are supposedly helping. Yet globalization today continues to be mismanaged, and now the harms—exemplified by the rampant inequality to which it has contributed—have come home to roost in the United States and the rest of the developed world as well, reflected in growing political unrest. With a new introduction, major new chapters on the new discontents, the rise of Donald Trump, and the new protectionist movement, as well as a new afterword on the course of globalization since the book first appeared, Stiglitz’s powerful and prescient messages remain essential reading.
Globalization and Its Enemies
by Daniel CohenA provocative argument that the frustrations of globalization stem from the gap between the expectations created and the lagging economic reality in poor countries.The enemies of globalization—whether they denounce the exploitation of poor countries by rich ones or the imposition of Western values on traditional cultures—see the new world economy as forcing a system on people who do not want it. But the truth of the matter, writes Daniel Cohen in this provocative account, may be the reverse. Globalization, thanks to the speed of twenty-first-century communications, shows people a world of material prosperity that they do want—a vivid world of promises that have yet to be fulfilled. For the most impoverished developing nations, globalization remains only an elusive image, a fleeting mirage. Never before, Cohen says, have the means of communication—the media—created such a global consciousness, and never have economic forces lagged so far behind expectations. Today's globalization, Cohen argues, is the third act in a history that began with the Spanish Conquistadors in the sixteenth century and continued with Great Britain's nineteenth-century empire of free trade. In the nineteenth century, as in the twenty-first, a revolution in transportation and communication did not promote widespread wealth but favored polarization. India, a part of the British empire, was just as poor in 1913 as it was in 1820. Will today's information economy do better in disseminating wealth than the telegraph did two centuries ago? Presumably yes, if one gauges the outcome from China's perspective; surely not, if Africa's experience is a guide. At any rate, poor countries require much effort and investment to become players in the global game. The view that technologies and world trade bring wealth by themselves is no more true today than it was two centuries ago. We should not, Cohen writes, consider globalization as an accomplished fact. It is because of what has yet to happen—the unfulfilled promises of prosperity—that globalization has so many enemies in the contemporary world. For the poorest countries of the world, the problem is not so much that they are exploited by globalization as that they are forgotten and excluded.
Globalization and its Terrors
by Teresa BrennanIt has long been realised that the poorer countries of the south have paid for the unstoppable onward rush of globalisation in the exploitation of their natural and human resources. Recent events have made it clear that there may be a price to be paid in the west as well.In this elegant, lucidly argued account, Teresa Brennan argues that the evidence already exists that globalisation has for years been harming not just the poor of the third world but also its alleged beneficiaries in the affluent west. She shows how the speeding-up of contemporary capitalism, in which space is substituted for time, means that neither then environment nor the people who live in it are given the opportunity to regenerate and how this leads directly to pollution-induced, immune-deficient and stress-related disease. In a final chapter she suggests some alternative ways forward through a return to regionally based production and an emphasis on local economies.
Globalization and Labour in China and India
by Paul Bowles John HarrissGlobalization has pushed China and India to the centre of the stage but what has been the impact on workers in these countries? This book demonstrates the complexity of the processes and responses at play. There are signs that both states are shifting their role in a 'counter movement from above'. But will this be enough to quell the social unrest?
Globalization and Labour in the Asia Pacific
by Chris Rowley John BensonGlobalization and labour market deregulation have had an impact on employment and workers, and brought pressure to bear on trade unions. This study looks at the challenges of globalization and deregulation in the Asia Pacific, and possible responses to them in a variety of ways.
Globalization and Marginalization in Mountain Regions
by Raghubir Chand Walter LeimgruberThis book looks at the global importance of mountain systems, emphasizing their ecological and socio-economic role in light of climate change and globalization. With a special focus on the Himalayas, it also examines the Czech-German-Austrian mountain borderland, the Alps, the Andes, the highland regions of Malaysia, and the Arctic. The contributors, specialists in their fields, all use an integrative approach that develops and argues the concept of mountain regions as a global common good. Readers also discover that mountain systems and mountain communities are often marginalized and left behind by the process of globalization. Case studies throughout detail the effects of climate change and global warming on both nature and local/regional societies, such as declining water supplies, a shifting vegetation line, and other important issues facing not only mountains but also the vast regions depending on them. In addition, the comprehensive coverage offers authenticated viewpoints from some of the most eminent explorers of Tibet in the nineteenth century. More than 50 percent of the global human population draws benefits directly or indirectly from mountain resources and services. This book provides practitioners, researchers, students, and other interested readers with a compelling look at the global importance of this imposing, yet sensitive ecosystem.
Globalization and Networked Societies: Urban Regional Change in Pacific Asia
by Yue-Man YeungGlobalization, along with globalism, continues its unrelenting and accelerating march as it draws more countries, cities, and people closer into interdependent relationships. Globalization and Networked Societies attempts to tease out some of the salient elements of this process, especially as it has affected urban centers in Pacific Asia over the past twenty years.
Globalization and Patterns of Labour Resistance (Routledge Studies in Employment and Work Relations in Context)
by Jeremy WaddintonFirst published in 1999. Routledge is an imprint of Taylor & Francis, an informa company.
Globalization and Public Policy
by David Audretsch Erik Lehmann Aileen Richardson Silvio VismaraThis volume of selected articles was released in light of the new economic, social and environmental challenges Europe and the United States have been faced with following the end of the Cold War and in the evolving era of globalization. National security, immigration, and the provision of health and other key social services call for a radically different outlook in terms of policy discussions. The contributors of this book focus on seven key policy issues and challenges that currently affect the United States and Europe: income distribution, the gender pay gap, crime and security, unemployment, health care, the demographic question, and environmental regulation. The purpose of this volume is to analyze how public policy within the European context is responding to the challenges posed by this new global era.
Globalization and Regional Growth in Europe
by Laura Resmini Roberta Capello Ugo FratesiAfter a description of the new forms of globalization currently shaping our world, and of their possible spatial effects, the book highlights which European regions have in the past succeeded in taking advantage of globalization trends and identifies the major reasons for their success. The book also offers a prospective analysis utilizing scenarios based on different assumptions of how globalization trends will develop, identifying the regional winners and losers for each scenario. The analysis greatly benefits from a unique database which contains, among others, data on FDI by sector and professions at the regional Nuts-2 level for all 27 EU countries. A time-span of more than 10 years is covered, and scenarios are developed for the future development up to 2020.
Globalization and Regional Integration: The origins, development and impact of the single European aviation market
by Alan DobsonHow was the European airline industry transformed from national fragmentation in 1957 to a point in 2006 where the European Commission could negotiate with the US for an Open Aviation Area on behalf of all twenty five members of the European Union? What can explain the change in mindset that saw conservatism and the tight regulation of the airline
Globalization and Self-Determination: Is the Nation-State Under Siege? (Routledge Studies in the Modern World Economy #Vol. 58)
by David R. Cameron Gustav Ranis Annalisa ZinnIs the nation state under siege? A common answer is that globalization poses two fundamental threats to state sovereignty. The first concerns the unleashing of centrifugal and centripetal forces - such as increasing market integration and the activities of institutions like the IMF, World Bank, and WTO - that imperil state sovereignty from 'outside' the nation state. The second threat emanates from self-determination movements that jeopardize state sovereignty from 'inside'. Rigorously analyzing popular hypotheses on globalization's effect on state sovereignty from a broad social sciences perspective, the authors use empirical evidence to suggest that globalization's multilevel threats to state sovereignty have been overestimated. In most instances globalization is likely to generate pressure for increased government spending while only one form of market integration - foreign direct investment by multinational enterprises - appears to increase any feeling of economic insecurity. This volume will be invaluable to course instructors at both graduate and undergraduate levels, policy makers and members of the general public who are concerned about the effects of globalization on the nation-state.
Globalization and Self-Regulation
by Prakash SethiIt is imperative for the business community to act now to create global, industry-wide standards of conduct. Corporate strategy expert S. Prakash Sethi along with notable experts on issues of global codes of conduct take an in-depth look at global structures and how regulation works from a corporate perspective, providing case studies of several industries and governments who have begun implementing voluntary codes of conducts, including Equator Principles, ICMM, and The Kimberly Process. He assesses the many types of self-regulations that are currently underway and provides critical analysis for making these more effective, making this a must-read for academics, policy-makers, and corporate leaders.
Globalization and Social Change: People And Places In A Divided World (Routledge Advances in International Political Economy #Vol. 6)
by Johannes Dragsbaek Schmidt Jacques HershGlobalization and Social Change challenges conventional thinking regarding the inevitability of globalization. Rather than seeing globalization as 'the end station of capitalism', it presents the development of this phenomenon as a disruptive and conflicting process.
Globalization and Standards
by Keshab DasThe changes following more than two decades of economic reforms and globalization of the Indian economy - at state, corporate sector, and consumer level - raise interesting questions on the ways in which the stakeholders will continue to engage on the world stage, politically, socially and economically. One key feature of global trade over this period has been the growing importance of not only product standards but, importantly, labor, environmental, food safety and social standards. Being essentially a non-tariff barrier,standards have often become critical to market access and essential to sustained competitiveness. This has a clear impact on the manner in which both global and Indian business is conducted now and in the future. It also underlines the need for a new area of enquiry that addresses the following questions: How are the Indian public and private actors - the state, domestic firms, local consumers and society - influencing and being influenced by such standards? Do standards really matter in an overwhelmingly informal production sphere, with consumers deeply segmented on the basis of a highly skewed distribution of income and with the rural population becoming further marginalized? We have limited knowledge about the challenges faced and strategies pursued by these key domestic actors, both public and private. How have they been able to drive these processes and what are their implications for larger concerns with inequalities and the conditions of the poor? How does the omnipresent informality influence compliance, encourage multiple standards and affect the chances of addressing institutional dysfunctionality? What role does regulation play? These are some of the issues dealt with in the book, which has chapters focusing on aspects of specific sectors such as microfinance, pharmaceuticals, automobiles, tea trading, the role of the state and changing consumer influence. We have limited knowledge about the challenges faced and strategies pursued by these key domestic actors, both public and private. How have been they able to drive these processes and what are the consequences of these changes for the Indian economy, other emergent economies and for the rest of the developing world? In particular, what are their implications for the wider Indian society, especially on concerns with informality, inequalities and the conditions of the poor? How does informality in its omnipresent form influence compliance, encourage multiple standards and chances of addressing institutional dysfunctionality? What role does regulation play? These are some of the issues dealt within the book wherein chapters focus on aspects of specific sectors, trading, role of the state and changing influence of the consumer.
Globalization and Summit Reform
by P. Martin G. Smith Peter C. HeapThis account of the 'L-20 project' describes and analyses a 3-year mobilization designed as an alternative to the political deadlocks preventing progress on critical global issues. The book traces the origins and findings of the project, and addresses such hot button issues as global warming, poverty, and war in the developing world. The book features a Foreword by Dr. Gordon Smith, and an Afterword by the Right Honourable Paul Martin, former Prime Minister of Canada.