Developed Nations and the Economic Impact of Globalization

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Developed Nations and the Economic Impact of Globalization

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  • 製本 Paperback:紙装版/ペーパーバック版／ページ数 259 p.
  • 言語 ENG
  • 商品コード 9783319862804
  • DDC分類 337

Full Description

This book discusses the economic and geopolitical effects of globalization from historical and institutional perspectives. While it has had unintended consequences, such as displacing developed countries' dominance of production markets, the overall benefits of globalization far outweigh the costs. Moak argues that leading developed nations should not fear globalization but, instead, make concerted efforts to promote it in order to keep the cost-benefit balance weighing in favor of economic enhancement and geopolitical stability. Having incurred huge private and public debts as well as a weak monetary policy posture, many developed nations have been unable to recovery from the 2008 financial crisis. Moreover, geopolitical tensions are rising due to the power rivalry between the United States, China, and Russia over a host issues, including trade imbalances and geopolitics. This book aims to provide stakeholders with the relevant and necessary information to hold an objective debate on globalization. Ultimately, this book is about globalization— what it is, how it impacts the global economy and polity, and why it is needed now more than any other time in human history.  

Contents

1. A Summary Analysis of Globalization's Dynamism 2. Globalization: Drivers and Effects3. History of Globalization: European Colonization and Bretton Woods4. Bretton Woods International Trade and Financial Organizations5. GATT, Rounds of Negotiations, and the World Trade Organization6. Selected Bilateral and Regional Trade and Investment Agreements7. The Group of Seven (G7) and Group of Twenty (G20)8. The 2008 Global Financial Crisis: Effects on the Global Economy 9. The Washington Consensus versus the Beijing Consensus10. BRICS and China Initiated Global Trade Initiatives and Financial Institutions: Alternatives to the US-Dominated IMF and WBG and ADB11. The Future of Globalization: Should It be Promoted or Ended?12. A Final Word on Globalization