The Rules of the Game in the Global Economy

The Rules of the Game in the Global Economy PDF Author: Lee E. Preston
Publisher: Springer Science & Business Media
ISBN: 9401580162
Category : Business & Economics
Languages : en
Pages : 308

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Book Description
This study has been long in the making, and the world has changed dramatically while we have been at work. We initially anticipated a substantial section on the Soviet-dominated Council for Mutual Economic Assistance (CMEA or "COMECON"), which offered an interesting contrast to the kind of international business regime typically found among market-oriented countries and industries. As we moved toward publi- tion, the CMEA vanished, and so we mention it only in passing. The USSR subsequently disintegrated into a Commonwealth of Independent States (CIS). On the other hand, we began with the assumption that the historic "rule of capture" no long played a significant role in international economic relations. The seizure of Kuwait's territory and wealth by the government of Iraq suggests that this assumption was heavily influenced by wishful thinking. Even though this seizure has been reversed by military action, the experience remains a challenge to generally held beliefs about the strength of "order" versus "chaos" in contemporary international affairs. Some readers of this volume have suggested that it gives insufficient attention to the fact that many of the important business and economic regimes of the postwar period are currently under significant pressure, perhaps even in danger of collapse. We acknowledge that there are many evidences of strain in, for example, the free trade and money exchange regimes, and in many areas of environmental protection.

The Rules of the Game in the Global Economy

The Rules of the Game in the Global Economy PDF Author: Lee E. Preston
Publisher: Springer Science & Business Media
ISBN: 9401580162
Category : Business & Economics
Languages : en
Pages : 308

Get Book Here

Book Description
This study has been long in the making, and the world has changed dramatically while we have been at work. We initially anticipated a substantial section on the Soviet-dominated Council for Mutual Economic Assistance (CMEA or "COMECON"), which offered an interesting contrast to the kind of international business regime typically found among market-oriented countries and industries. As we moved toward publi- tion, the CMEA vanished, and so we mention it only in passing. The USSR subsequently disintegrated into a Commonwealth of Independent States (CIS). On the other hand, we began with the assumption that the historic "rule of capture" no long played a significant role in international economic relations. The seizure of Kuwait's territory and wealth by the government of Iraq suggests that this assumption was heavily influenced by wishful thinking. Even though this seizure has been reversed by military action, the experience remains a challenge to generally held beliefs about the strength of "order" versus "chaos" in contemporary international affairs. Some readers of this volume have suggested that it gives insufficient attention to the fact that many of the important business and economic regimes of the postwar period are currently under significant pressure, perhaps even in danger of collapse. We acknowledge that there are many evidences of strain in, for example, the free trade and money exchange regimes, and in many areas of environmental protection.

The Rules of the Global Game

The Rules of the Global Game PDF Author: Kenneth W. Dam
Publisher: University of Chicago Press
ISBN: 9780226134949
Category : Business & Economics
Languages : en
Pages : 364

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Book Description
Economic news once confined to the business pages of the newspapers now receives headline coverage, whether it involves protests in Seattle or sweatshops in Asia. As attention is increasingly focused on economic policy, it becomes even more important for noneconomists to be able to make sense of these stories. Is the Asian economy sinking or rising? What effects will a single European currency have on the US economy? Kenneth W. Dam's The Rules of the Global Game provides, in clear and practical language, a framework to help readers understand and answer such questions. Dam takes us beyond the headlines and inside the decision-making process as it is populated by lobbyists, special interest groups, trade associations, and public relations firms. While some economists and thinkers have idealized plans for US international economic policy, Dam, currently the deputy secretary of the treasury, manages to merge this idealism with a consideration of what it means to govern at the intersection of competing groups with competing claims. In The Rules of the Global Game, Dam first lays out what US international economic policies are and compares them to what they should be based on how they affect US per capita income. With this foundation in place, Dam then develops and applies principles for elucidating the major components of economic policy, such as foreign trade and investment, international monetary and financial systems, and current controversial issues, including intellectual property and immigration. Underlying his explanations is a belief in the importance of worldwide free trade and open markets as well as a crucial understanding of the political forces that shape decision making. Because economic policy is not created in a political vacuum, Dam argues, sound policymaking requires an understanding of "statecraft"-the creation and use of institutions that channel the efforts of interest groups and political forces in directions that encourage good economic outcomes. Dam's vast experience with the politics and practicalities of economic policy translates into a view of policy that is neither academic nor abstract. Rather, Dam shows us how policy is actually made, who makes it, and why, using examples such as GATT, NAFTA, the US-Japan semiconductor agreement, and the Asian financial crisis. A rare book that can be read with pleasure and profit by layperson and economist alike, The Rules of the Global Game allows readers to understand the policies that shape our economy and our lives.

The Developing World and the Environment

The Developing World and the Environment PDF Author: Rajendra Ramlogan
Publisher: University Press of America
ISBN: 9780761828792
Category : History
Languages : en
Pages : 294

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Book Description
The seeds of the demise of many early civilizations (Mesopotamian, Greek, Roman, and Mayan) found fertile ground in environmental conflicts. The roots of environmental crises are also embedded in the industrial revolution, the advent of the age of science and technology, urbanization, changes in agriculture, the population explosion, and the rise in consumerism. It is no surprise that even today, the global village is highly concerned with the issue of environmentalism. In this study, author Rajendra Ramlogan calls for a re-examination of the legal and institutional framework for protection of the global environment within the context of the special needs of the developing world. This unique third-world perspective on international environmental law is suitable for college-level courses.

Risk Rules

Risk Rules PDF Author: Marvin Zonis
Publisher: Agate Publishing
ISBN: 1932841598
Category : Business & Economics
Languages : en
Pages : 386

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Book Description
Globalization Hype Has Obscured a Few Basic Truths-that political stability and economic growth are usually determined on the local level, and that they're most affected by local institutions, local leadership, and other such factors. Risk Rules shows that globalization (and events like the recent overthrow of long-time leaders in Egypt and Tunis; the global recession triggered by the U.S. credit crisis in 2008; and the wars in Iraq and Afghanistan) makes understanding the political economies of different countries more important than ever. This book analyzes the fifteen main principles of how countries work, providing a powerful, intuitive framework for understanding international developments. Doing globalization right means understanding local economic, cultural, and political realties. This truth holds for companies, policymakers, small investors, voters, and everyone whose lives and finances are affected by distant world events. Book jacket.

Development Centre Seminars Growth and Competition in the New Global Economy

Development Centre Seminars Growth and Competition in the New Global Economy PDF Author: OECD Development Centre
Publisher: OECD Publishing
ISBN: 9264180753
Category :
Languages : en
Pages : 200

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Book Description
This publication offers a stimulating, well-informed tour of the issues which policy makers will have to resolve if the integration of the NEEs into the world economy is to be facilitated

International Political Economy in Context

International Political Economy in Context PDF Author: Andrew C. Sobel
Publisher: CQ Press
ISBN: 1608717119
Category : Business & Economics
Languages : en
Pages : 816

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Book Description
Focuses on a micro approach to political economy that grounds policy choices in the competitive environments of domestic politics and decision-making processes.

Commodity Markets and the Global Economy

Commodity Markets and the Global Economy PDF Author: Blake C. Clayton
Publisher: Cambridge University Press
ISBN: 1107042518
Category : Business & Economics
Languages : en
Pages : 215

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Book Description
This book provides a clear-eyed analysis of questions at the intersection of commodity markets, natural resource economics, and public policy.

Nations and Firms in the Global Economy

Nations and Firms in the Global Economy PDF Author: Steven Brakman
Publisher: Cambridge University Press
ISBN: 9780521540575
Category : Business & Economics
Languages : en
Pages : 492

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Book Description
Conclusion: 13.

The Globalization Paradox: Democracy and the Future of the World Economy

The Globalization Paradox: Democracy and the Future of the World Economy PDF Author: Dani Rodrik
Publisher: W. W. Norton & Company
ISBN: 0393080803
Category : Political Science
Languages : en
Pages : 369

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Book Description
"Cogent, well-written . . . critiques unalloyed globalization enthusiasts, taking aim at their desire to fully liberalize foreign trade ad capital movements." —Foreign Affairs In this eloquent challenge to the reigning wisdom on globalization, Dani Rodrik reminds us of the importance of the nation-state, arguing forcefully that when the social arrangements of democracies inevitably clash with the international demands of globalization, national priorities should take precedence. Combining history with insight, humor with good-natured critique, Rodrik’s case for a customizable globalization supported by a light frame of international rules shows the way to a balanced prosperity as we confront today’s global challenges in trade, finance, and labor markets.

The Future of the International Labour Organization in the Global Economy

The Future of the International Labour Organization in the Global Economy PDF Author: Francis Maupain
Publisher: Bloomsbury Publishing
ISBN: 1782255958
Category : Law
Languages : en
Pages : 339

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Book Description
The International Labour Organization was created in 1919, as part of the Treaty of Versailles that ended the First World War, to reflect the belief that universal and lasting peace can be accomplished only if it is based on social justice. As the oldest organisation in the UN system, approaching its 100th anniversary in 2019, the ILO faces unprecedented strains and challenges. Since before the financial crisis, the global economy has tested the limits of a regulatory regime which was conceived in 1919. The organisation's founders only entrusted it with balancing social progress with the constraints of an interconnected open economy, but gambled almost entirely on tools of persuasion to ensure that this would happen. Whether that gamble is still capable of paying-off is the subject of this book, by a former ILO insider with an unrivalled knowledge of its work. The book forms part of a broader inquiry into the relevance of founding institutional principles to today's context, and strives to show that the bet made on persuasion may yet pay off. In part, the text argues that there may be little alternative anyway, showing that the pathways to more binding solutions are fraught with difficulty. It also shows the ILO's considerable future potential for promoting effective, universal regulations by extending its tools of persuasion in as yet insufficiently explored directions. Starting with an examination of how the organisation's institutional context differs from 93 years ago, the author goes on to evaluate the prospects of numerous proposals put forward today, including the trade/labour linkage, but going beyond this. As a case study in how strategic choices can be made under legal, social and institutional constraints, the book should be valuable not only to those with an interest in the ILO, but to anyone who studies international organisation, labour law, law and society or political economy.