Failed Globalisation
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Book Overview Globalisation is considered a success story. Following the fall of the Berlin Wall and the dissolution of the political divides between E...
Globalisation is considered a success story. Following the fall of the Berlin Wall and the dissolution of the political divides between East and West Germany, nothing seemed to stand in the way of peaceful cooperation between people everywhere. Under the precepts of economic liberalism, by removing institutional obstacles to international trade and capital flows, a spontaneous global order would emerge, and the dream of a world populated by free and prosperous global citizens would eventually come true.
But in the wake of the worldwide financial crisis that began in 2007-2008, in the world of an ongoing Euro-Crisis, Trump and Brexit, it has become apparent that the great liberal project has failed. Neoclassical liberal economic theory has shown itself to be fundamentally incapable of explaining the dynamics of a market economy and in guiding economic policy in developed as well as in developing countries.
Given the continuing dominance of that discredited theory today, the world lacks a viable conceptual framework for global cooperation among nations, and appropriate national economic policies. With this book, the authors show how such a framework can be built on the basis of a modern and empirically sound economic theory.
Book Details Format: Hardcover | Pages: 320 | Language: English | Publisher: WORLD SCIENTIFIC PUB CO INC | ISBN: 9811215758
FormatHardcover
Pages320
LanguageEnglish
ISBN9811215758
EAN9789811215759
PublisherWORLD SCIENTIFIC PUB CO INC
Publication Date1970-01-01
AccessoriesNo Accessory
ConditionNew
Product TypeHARD COVER BOOKS
Weight1.31 Pounds
Length9.0 Inches
Width6.0 Inches
Height0.75 Inches
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