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Globalization and Progressive Economic Policy

Globalization and Progressive Economic Policy

$47.99 (C)

Dean Baker, Gerald Epstein, Robert Pollin, Ute Pieper, Lance Taylor, Prabat Patnaik, C. P. Chandrasekhar, Ha-Joon Chang, James Crotty, Patricia Kelly, Amit Bhaduri, David Felix, Marc Schaberg, Gary Dymski, Dorene Isenberg, Jim Stanford, Mehere Larudee, Eban Goodstein, Bob Sutcliffe, Greg DeFreitas, Andrew Glyn, Laurence Harris, Jonathan Michie
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  • Date Published: November 1998
  • availability: Available
  • format: Paperback
  • isbn: 9780521643764

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About the Authors
  • In Globalization and Progressive Economic Policy, thirty-six prominent economists analyze the impact of the emerging global economy on our national sovereignty and standards of living. Does globalization cause inequality? Instability? Unemployment? Environmenal degradation? Or is it an engine of prosperity and wealth for the vast majority of the world's citizens? The authors analyze problems, institutions and possible government responses, and conclude that globalization can be a force for good or ill depending on the degree of regulation that governments and citizens can exercise over its trajectory.

    • A comprehensive study of globalization by leading economists, who argue that the process can and must be regulated if it is to safeguard sovereignty and living standards
    • Up to date, including coverage of the Asian crisis, and of vital issues such as growth, income distribution, environmental sustainability, and immigration
    • Globalization is a hot topic in economics, international relations, and political science, and this book offers an important non-mainstream view of the subject
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    Reviews & endorsements

    "This book on globalisation stands out for its breadth of coverage, the quality of its contents and for the unusual perspectives it provides on the subject. The book shows how to understand the costs and benefits of globalisation and what citizens and governments should do to ensure that economic justice and economic stability are not among its casualties. A 'must-read' for scholars, students and policy-makers." Ajit Singh, Cambridge University

    "Here is a book that will force you to reconsider much of what you think you know about policy in a globalized economy. Even if you do not agree with the conclusions, you will be enriched for having pondered these unconventional perspectives." Dani Rodrik, Harvard University

    "This book sheds valuable light on understanding the central role international financial liberalisation has played in the recent Asian economic crisis, and on predicting what will be the consequences of the neo-liberal policies the IMF has imposed on Korea, Thailand and Indonesia. More importantly, the book provides many progressive policy ideas to those of us who have been bewildered by the propaganda that 'there is no alternative' to neo-liberalism." Soo Haeng Kim, Seoul National University

    "Amidst the hype and half-truths about globalization, this collection stands out for its richly documented and path-breaking analysis. Destined to become the standard against which future critical analyses of the global economy are judged, this book is ideal for course use and is a must-have for the libraries of all social scientists interested in these critical issues." Juliet B. Schor, Harvard University

    "The editors of and contributors to this compelling new book go far beyond the numbers, to set out and debate big ideas about the history of capitalist development in the twentieth century. Does the present revival of free markets - the neo-liberal regime - constitute a welcome return to the generally benign processes of global integration that preceded World War I? Or does it represent a dangerous undermining of the socially solidaristic embedding of market forces that was the great invention of the post World War II welfare state? As this book shows, the reappearance of all the old problems of political and economic instability and worsening inequality strongly support the second interpretation. Without new forms of state regulation such as those described in this volume, unfettered global capitalism threatens to wreck havoc with balanced, civilized, equitable economic growth." Bennett Harrison, New School for Social Research

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    Product details

    • Date Published: November 1998
    • format: Paperback
    • isbn: 9780521643764
    • length: 532 pages
    • dimensions: 228 x 153 x 33 mm
    • weight: 0.84kg
    • contains: 12 b/w illus. 59 tables
    • availability: Available
  • Table of Contents

    1. Introduction Dean Baker, Gerald Epstein and Robert Pollin
    2. The revival of the liberal creed: the IMF, the World Bank and inequality in a globalized economy Ute Pieper and Lance Taylor
    3. India: dirigisme, structural adjustment and the radical alternative Prabat Patnaik and C. P. Chandrasekhar
    4. Globalisation, transnational corporations, and economic development: can the developing countries pursue strategic industrial policy in a globalising world economy Ha-Joon Chang
    5. Multinational corporations in the neo-liberal regime James Crotty, Gerald Epstein and Patricia Kelly
    6. Implications of globalization for macroeconomic theory and policy in developing countries Amit Bhaduri
    7. Asia and the crisis of financial globalization David Felix
    8. Globalization and financial systems: policies for the new environment Marc Schaberg
    9. Housing finance in the age of globalization: from social housing to life cycle risk Gary Dymski and Dorene Isenberg
    10. Openness and equity: regulating labor market outcomes in a globalized economy Jim Stanford
    11. Integration and income distribution under the North American Free Trade Agreement: the experience of Mexico Mehere Larudee
    12. Malthus redux? Globalization and the environment Eban Goodstein
    13. Freedom to move in the age of globalization Bob Sutcliffe
    14. Immigration, inequality and policy alternatives Greg DeFreitas
    15. Notes on international migration suggested by the Indian experience Prabat Patnaik and C. P. Chandrasekhar
    16. The NAIRU: is it a real constraint Dean Baker
    17. Internal and external constraints on egalitarian policies Andrew Glyn
    18. The effects of globalization on policy formation in South Africa Laurence Harris and Jonathan Michie
    19. Can domestic expansionary policies succeed in a globally integrated environment? A consideration of alternatives Robert Pollin.

  • Editors

    Dean Baker, Economic Policy Institute, Washington DC

    Gerald Epstein, University of Massachusetts, Amherst

    Robert Pollin, University of Massachusetts, Amherst

    Contributors

    Dean Baker, Gerald Epstein, Robert Pollin, Ute Pieper, Lance Taylor, Prabat Patnaik, C. P. Chandrasekhar, Ha-Joon Chang, James Crotty, Patricia Kelly, Amit Bhaduri, David Felix, Marc Schaberg, Gary Dymski, Dorene Isenberg, Jim Stanford, Mehere Larudee, Eban Goodstein, Bob Sutcliffe, Greg DeFreitas, Andrew Glyn, Laurence Harris, Jonathan Michie

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