Much has been written about globalization. Even more has been written over the past two centuries about capitalism and economic crises that threaten its survival. Yet there are still serious misunderstandings of each that make capitalism, despite its capacity for creating wealth, incapable of satisfying even the basic needs and aspirations of all, economic crises a growing threat to cooperation and ...
Much has been written about globalization. Even more has been written over the past two centuries about capitalism and economic crises that threaten its survival. Yet there are still serious misunderstandings of each that make capitalism, despite its capacity for creating wealth, incapable of satisfying even the basic needs and aspirations of all, economic crises a growing threat to cooperation and peace, and globalization unsustainable in its present form.
In this wide-ranging examination of the topical issues currently debated around the world, the author combines economic analysis with historical experience of many countries to show why fundamental changes in national attitudes and policies are urgently needed, the essential institutional and systemic reforms that this would require, and why economic progress, social stability and peace depend on them.
This book is indispensable reading for professional economists, politicians and other decision makers, and all those interested in important national and international developments that affect everyone. It is essential reading, therefore, not only for students of economics but also those of social and business studies, international relations, politics and history.
MICA PANI? is Fellow of Selwyn College, University of Cambridge, and was formerly Visiting Professor of International Economics at the University of Milan. His non-academic appointments have included posts in the UK Government Economic Service (Chief Economist at the National Economic Development Office), the Bank of England (Head of External Policy Division), the University of Cambridge (Bursar of Selwyn College) and the United Nations (Vice Chairman of the Committee for Development Policy, Consultant on the Economies in Transition and on Economic Reconstruction of Post-Conflict Countries), as well as a year with Ford Motor Co. His publications include books and many articles on various aspects of international and development economics, economic policy and industrial economics.
List of Tables
Preface: Predatory v. Cooperative Globalization
PART I: THE CORPORATE QUEST FOR GLOBAL FREEDOM AND DOMINANCE
Globalization in the Age of Transnationals: the Claims and the Reality
PART II: NATURE OF THE COLLECTIVE ACTION AND SOCIAL WELLBEING
Organisation of Economic Activity at Different Levels of Development
The Origin of Economic 'Miracles': the Role of the State
Neoliberalism v. Social Democracy: Empirical Evidence
Transnationals, Trade 'Liberalisation' and National Sovereignty
PART III: GLOBAL LAISSEZ-FAIRE, INEQUALITIES AND CONFLICTS
A New 'Bretton Woods' System?
Why Financial Regulation is Essential
(Appendix: The 2008-09 Global Financial Crisis)
Future of the European Union: the Euro and the Welfare State
Post-Conflict Reconstruction: External Assistance and Lasting Peace