Economic Policy In The Age Of Globalisation

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.

Today’s most urgent problems are fundamentally global. They require nothing less than concerted, planetwide action if we are to secure a long-term future. But humanity’s story has always been on a global scale. In this book, Jeffrey D. Sachs, renowned economist and expert on sustainable development, turns to world history to shed light on how we can meet the challenges and opportunities of the twenty-first century. Sachs takes readers through a series of seven distinct waves of technological and institutional change, starting with the original settling of the planet by early modern humans through long-distance migration and ending with reflections on today’s globalization. Along the way, he considers how the interplay of geography, technology, and institutions influenced the Neolithic revolution; the role of the horse in the emergence of empires; the spread of large land-based empires in the classical age; the rise of global empires after the opening of sea routes from Europe to Asia and the Americas; and the industrial age. The dynamics of these past waves, Sachs demonstrates, offer fresh perspective on the ongoing processes taking place in our own time—a globalization based on digital technologies. Sachs emphasizes the need for new methods of international governance and cooperation to prevent conflicts and to achieve economic, social, and environmental objectives aligned with sustainable development. The Ages of Globalization is a vital book for all readers aiming to make sense of our rapidly changing world.

This book focuses on changes in environmental and economic policies in six developing countries. It shows how domestic politics interact with international actors such as multilateral institutions. It offers lively accounts of the behaviour of political actors, interest groups and the civil society, in particular environmentalists. It shows how ideas such as those of neoliberal economics affect policymaking, in particular during or after crisis, but also how social protest and demands for sustainable development are mobilized.

The classical models of international free trade that have long been championed by the US, have failed to produce the rapid growth, reduced poverty & stable societies that have been promised. William Tabb advocates a new financial architecture to meet the real needs of the world in the 21st century.

Prominent economists analyze the impact of the emerging global economy on national sovereignty and standards of living.

We live today in an interconnected world in which ordinary people can became instant online celebrities to fans thousands of miles away, in which religious leaders can influence millions globally, in which humans are altering the climate and environment, and in which complex social forces intersect across continents. This is globalization. In the fifth edition of his bestselling Very Short Introduction Manfred B. Steger considers the major dimensions of globalization: economic, political, cultural, ideological, and ecological. He looks at its causes and effects, and engages with the hotly contested question of whether globalization is, ultimately, a good or a bad thing. From climate change to the Ebola virus, Donald Trump to Twitter, trade wars to China's growing global profile, Steger explores today's unprecedented levels of planetary integration as well as the recent challenges posed by resurgent national populism. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

This book propounds the thesis that it was the dysfunction of globalization and liberalism that prompted the rise of nationalism and populism. Recent developments in global affairs are challenging assumptions and the basis upon which international relations, as a broad field of specialization, and foreign policy analysis, as a sub-field, rests. In a world that is changing in fundamental and irreversible ways, this book intervenes to enable an improved sense of understanding of these developments and what they mean for people-people, state-state, continent-continent, and global relations, moving forward. The author shows anti-globalization and the growth of nationalism and populism have been particularly necessitated by the failures of liberalism and America’s abdication from the world. With reference to Brexit, the pandemic, the US 2020 elections and consequent shifts in power, with a focus on their respective impacts on Africa, and Africa-Sino relations particularly, and developing countries, more broadly, this book situates these discussions within a global context. It effectively illustrates the insufficiency of the West’s soft power, especially as it is foisted or supposedly imposed on the rest of the world without regard to the demands of cultural relativity. Relevant to postgraduate students, researchers, and policymakers, this is must-read within the fields of international relations and political economy.

Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.

The book is very policy-oriented and fills an important gap in the literature on policies related specifically to the dialogue of civilisation in a globalized world. Deals with cross-cutting issues in economic integration, conflict management, human rights and sustainable development. Addresses challenges such as religious extremism, environmental problems, and political unrest.

Bachelor Thesis from the year 2008 in the subject Business economics - Economic Policy, grade: 1,8, European Business School - International University Schloß Reichartshausen Oestrich-Winkel, language: English, abstract: The Federal Republic of Germany is a democratic and social federal state (Art. 20). In 1948, the Social Market Economy was introduced in Germany by Ludwig Erhard as the economic system. Since then, Germany has been acting under this guiding principle and found a legal affirmation of the concept in 1990 as it fixed the Social Market Economy as the basis for the economic union of the Federal Republic and Democratic Republic of Germany (“Grundlage der Wirtschaftsunion ist die Soziale Marktwirtschaft”, Art 1-3). In times of economic growth and prosperity, the Social Market Economy seemed to work well and further expansion of the social system did not cause any serious problems, but soon the circumstances changed. Important driving factors and trends like the reunification, the demographic development and the globalization have altered the conditions for successful economic policy. In the last decade, excessive national debts and high unemployment rates have revealed a serious crisis and initiated a strong debate whether the Social Market Economy is still able to adapt to and master the challenges in the age of globalization.