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Economic Policy in the Age of Globalisation


  • Date Published: February 2005
  • availability: Available
  • format: Paperback
  • isbn: 9780521540384

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About the Authors
  • In the age of globalisation both domestic and foreign economic policies play an important role in determining firms' strategies. Understanding such policies is an essential part of the cultural background of managers at all levels of a firm. At the same time, firms' choices have a greater impact on economic policymaking in a global economy, as the range of alternatives open to them expands. In this textbook, Professor Acocella analyses both sides of this relationship. Special emphasis is placed on current issues: in policymaking on the basis of social choice principles and the normative and positive theory of economic policy; and issues concerning the establishment of international public institutions that can match the global reach of the private institutions (markets and firms) that generate many of today's economic challenges. Broad in scope, this book is aimed at students who have completed an introductory course in both micro and macroeconomics.

    • Analysis of both the principles and the techniques of public intervention in a global economy
    • Discussion of all topics in both intuitive and technical terms
    • Broad scope
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    Product details

    • Date Published: February 2005
    • format: Paperback
    • isbn: 9780521540384
    • length: 540 pages
    • dimensions: 244 x 170 x 28 mm
    • weight: 0.85kg
    • contains: 33 tables
    • availability: Available
  • Table of Contents

    List of symbols
    1. Introduction
    Part I. The Market, Efficiency and Equity:
    2. Market failures: microeconomic aspects
    3. Market failures: macroeconomic aspects
    Part II. Normative and Positive Theory of Economic Policy:
    4. The normative theory of economic policy
    5. Government failures: elements of a positive theory of economic policy
    Part III. Microeconomic Policies:
    6. Property rights, corporate governance and public enterprises
    7. Competition policies. Policies for externalities and public goods
    8. Industrial and regional policies. Redistributive policies
    9. Social choice and cost-benefit analysis
    Part IV. Macroeconomic Policies:
    10. Macroeconomic schemes of analysis in an open economy
    11. Macroeconomic objectives and monetary policy
    12. Macroeconomic objectives and fiscal policy
    13. Incomes and price policies
    14. Balance of payments policies
    15. Trade policies: free trade and protectionism
    Part V. Private and Public Institutions in an International Setting:
    16. Monetary systems and exchange rate regimes
    17. Development and trade organisations
    18. Regional public institutions: the European Union
    Part VI. Globalisation and the Quest for a New Institutional Setting:
    19. The internationalisation of private institutions: the globalisation of markets and production
    20. The challenges of globalisation for public policies
    List of references
    List of boxes
    Author index
    Subject index.

  • Author

    Nicola Acocella, Università degli Studi di Roma 'La Sapienza', Italy
    Nicola Acocella is Professor of Economic Policy at the University of Rome 'La Sapienza'.


    Brendan Jones

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