Globalisation Fractures

Globalisation Fractures PDF Author: Charles Dumas
Publisher: Profile Books
ISBN: 1847656978
Category : Business & Economics
Languages : en
Pages : 288

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Book Description
In his previous books, The Bill from the China Shop and China and America: A Time of Reckoning, Charles Dumas was the first to identify the existence and potential impact of the Eurasian Savings Glut - most importantly how it would push US mortgage borrowing to excess, precipitating the global credit crisis. As we now strive to rescue the international financial system, he points to uncomfortable truths about the conflicts ahead. The US has reverted to debt-driven growth (this time, government debt), and its economic benefit is waning while the risk increases. China is veering back to export-led growth and large surpluses, increasingly at others' expense. Europe is squeezed between them, and the fixed-rate euro system is creating a subsidiary set of extreme imbalances: the Mediterranean cannot expand demand, while north-central Europe will not expand it. Globally, the choice may soon be between serially degrading US federal credit or putting up trade barriers. The first would undermine the world financial system, but the second would damage world trade, at huge expense to real incomes everywhere. Globalisation Fractures confronts the inherent conflicts as issues to be urgently addressed. This is the battleground upon which the future of the global economy will be determined.

Globalisation Fractures

Globalisation Fractures PDF Author: Charles Dumas
Publisher: Profile Books
ISBN: 1847656978
Category : Business & Economics
Languages : en
Pages : 288

Get Book Here

Book Description
In his previous books, The Bill from the China Shop and China and America: A Time of Reckoning, Charles Dumas was the first to identify the existence and potential impact of the Eurasian Savings Glut - most importantly how it would push US mortgage borrowing to excess, precipitating the global credit crisis. As we now strive to rescue the international financial system, he points to uncomfortable truths about the conflicts ahead. The US has reverted to debt-driven growth (this time, government debt), and its economic benefit is waning while the risk increases. China is veering back to export-led growth and large surpluses, increasingly at others' expense. Europe is squeezed between them, and the fixed-rate euro system is creating a subsidiary set of extreme imbalances: the Mediterranean cannot expand demand, while north-central Europe will not expand it. Globally, the choice may soon be between serially degrading US federal credit or putting up trade barriers. The first would undermine the world financial system, but the second would damage world trade, at huge expense to real incomes everywhere. Globalisation Fractures confronts the inherent conflicts as issues to be urgently addressed. This is the battleground upon which the future of the global economy will be determined.

Contours of Descent

Contours of Descent PDF Author: Robert Pollin
Publisher: Verso
ISBN: 9781844675340
Category : Business & Economics
Languages : en
Pages : 292

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Book Description
The concepts of modernity and modernism are among the most controversial and vigorously debated in contemporary philosophy and cultural theory. In this new, muscular intervention, Pollin explores these notions in a fresh and illuminating manner.

Global Fracture

Global Fracture PDF Author: Michael Hudson
Publisher: HarperCollins Publishers
ISBN:
Category : Business & Economics
Languages : en
Pages : 314

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Book Description
"Hudson is one of the tiny handful of economic thinkers in today's world who are forcing us to look at old questions in startling new ways". Alvin Toffler, best-selling author of Future Shock and The Third Wave This new and updated edition of Michael Hudson's classic political economy text explores how and why the US came to achieve world economic hegemony. Originally published as the sequel to Hudson's bestselling Super Imperialism, Global Fracture explores American economic strategy during a key period in world history. In 1973, many of the world's most indebted countries sought to free themselves of trade dependency and the debt trap by creating a New International Economic Order (NIEO). This aimed to improve the terms of trade for raw materials and build up agicultural and industrial self-sufficiency. Global Fracture shows how the US undermined this progressive initiative and instead pushed for financial dominance over the rest of the world. Today, the NIEO is a forgotten interlude, its optimism replaced by the financial austerity imposed by the IMF and the World Bank. Exploring how America achieved its economic aims, and tracing the implications this has had through subsequent decades, Michael Hudson covers various topics including trade embargoes, changing US attitudes to foreign aid, the rise of protectionism, government regulation of international investments, the impact on specific industries including the oil industry, the implications of the new economic order and the future of war. -- Amazon.com.

Contours of Descent

Contours of Descent PDF Author: Robert Pollin
Publisher:
ISBN:
Category : Financial crises
Languages : en
Pages : 238

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Book Description


Broken Atlas

Broken Atlas PDF Author: Christopher Frey
Publisher: Vintage Canada
ISBN: 9780307356130
Category : Globalization
Languages : en
Pages :

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Book Description


Fault Lines

Fault Lines PDF Author: Raghuram G. Rajan
Publisher: Princeton University Press
ISBN: 1400839807
Category : Political Science
Languages : en
Pages : 283

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Book Description
From an economist who warned of the global financial crisis, a new warning about the continuing peril to the world economy Raghuram Rajan was one of the few economists who warned of the global financial crisis before it hit. Now, as the world struggles to recover, it's tempting to blame what happened on just a few greedy bankers who took irrational risks and left the rest of us to foot the bill. In Fault Lines, Rajan argues that serious flaws in the economy are also to blame, and warns that a potentially more devastating crisis awaits us if they aren't fixed. Rajan shows how the individual choices that collectively brought about the economic meltdown—made by bankers, government officials, and ordinary homeowners—were rational responses to a flawed global financial order in which the incentives to take on risk are incredibly out of step with the dangers those risks pose. He traces the deepening fault lines in a world overly dependent on the indebted American consumer to power global economic growth and stave off global downturns. He exposes a system where America's growing inequality and thin social safety net create tremendous political pressure to encourage easy credit and keep job creation robust, no matter what the consequences to the economy's long-term health; and where the U.S. financial sector, with its skewed incentives, is the critical but unstable link between an overstimulated America and an underconsuming world. In Fault Lines, Rajan demonstrates how unequal access to education and health care in the United States puts us all in deeper financial peril, even as the economic choices of countries like Germany, Japan, and China place an undue burden on America to get its policies right. He outlines the hard choices we need to make to ensure a more stable world economy and restore lasting prosperity.

Globalisation and European Integration

Globalisation and European Integration PDF Author: Petros Nousios
Publisher: Routledge
ISBN: 1136335072
Category : Political Science
Languages : en
Pages : 306

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Book Description
This book explores the links between European integration and globalisation, and examines the potential for social transformation in the context of the global economic crisis and the resulting EU reforms. Divided into three parts, this book offers both empirical and theoretical analyses of social integration, supranationality and global competition. Drawing on Critical Political Economy research, Neo-Gramscian, Open Marxist, Regulationist and Post-structuralist scholars subject a wide range of European flagship policies in matters of competition, trade and security to critical scrutiny and relate them to global political economy dynamics. Contributors examine the ways in which current global economic turbulence has affected the European Union, its membership and its adjacent areas, and determine the potential for economic and political transformation in light of the global economic crisis and Europe’s 2020 Strategy. In the emerging multi-polar world, in which the EU and the US are expected to share global policymaking with new powers, this book argues for a revised conceptualisation of European integration and its relationship with globalisation. Globalisation and European Integration will be of interest to students, scholars and researchers of globalisation, political economy, international relations, and European Union politics.

Neoliberalism’s Fractured Showcase

Neoliberalism’s Fractured Showcase PDF Author:
Publisher: BRILL
ISBN: 9004188967
Category : Social Science
Languages : en
Pages : 310

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Book Description
This collection focuses on the multiple consequences of neoliberal policies in Chile and places its "showcase" status and its re-democratization process into serious question. The volume argues that breaking the status quo is possible, urgent and necessary.

Six Faces of Globalization

Six Faces of Globalization PDF Author: Anthea Roberts
Publisher: Harvard University Press
ISBN: 0674245954
Category : Political Science
Languages : en
Pages : 401

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Book Description
An essential guide to the intractable public debates about the virtues and vices of economic globalization, cutting through the complexity to reveal the fault lines that divide us and the points of agreement that might bring us together. Globalization has lifted millions out of poverty. Globalization is a weapon the rich use to exploit the poor. Globalization builds bridges across national boundaries. Globalization fuels the populism and great-power competition that is tearing the world apart. When it comes to the politics of free trade and open borders, the camps are dug in, producing a kaleidoscope of claims and counterclaims, unlikely alliances, and unexpected foes. But what exactly are we fighting about? And how might we approach these issues more productively? Anthea Roberts and Nicolas Lamp cut through the confusion with an indispensable survey of the interests, logics, and ideologies driving these intractable debates, which lie at the heart of so much political dispute and decision making. The authors expertly guide us through six competing narratives about the virtues and vices of globalization: the old establishment view that globalization benefits everyone (win-win), the pessimistic belief that it threatens us all with pandemics and climate change (lose-lose), along with various rival accounts that focus on specific winners and losers, from China to AmericaÕs rust belt. Instead of picking sides, Six Faces of Globalization gives all these positions their due, showing how each deploys sophisticated arguments and compelling evidence. Both globalizationÕs boosters and detractors will come away with their eyes opened. By isolating the fundamental value conflictsÑgrowth versus sustainability, efficiency versus social stabilityÑdriving disagreement and show where rival narratives converge, Roberts and Lamp provide a holistic framework for understanding current debates. In doing so, they showcase a more integrative way of thinking about complex problems.

From Globalization to World Society

From Globalization to World Society PDF Author: Boris Holzer
Publisher: Routledge
ISBN: 1317680006
Category : Social Science
Languages : en
Pages : 348

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Book Description
Since the 1970s, various sociological approaches have tried to understand and conceptualize "the global," yet few of them have systematically addressed the full spectrum of social relationships. Prominent exponents of the global approach - such as world systems analysis - instead have focused on particular domains such as politics or the economy. Under the label of "world society," however, some authors have suggested alternatives to the predominant equivocation of society and the nation-state. The contributions to this volume share that objective and take their point of departure from the two most ambitious projects of a theory of world society: world polity research and systems theory, mapping out the common ground and assessing their potential to inform empirical analyses of globalization.