The Challenges of Globalization

Overview

This book-based on the 2007 International Conference on "Winds of Change: The Impact of Globalization on Europe and Asia" in Kyiv, Ukraine-addresses the growing global macroeconomic imbalances and the challenges of globalization and long-term economic growth, with a focus on Europe and Asia. Various aspects of the macroeconomic imbalances are the theme of the first six chapters. The second part of the book discusses how the capitalist model of economic development is developing or should evolve, with the last two...
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Overview

This book-based on the 2007 International Conference on "Winds of Change: The Impact of Globalization on Europe and Asia" in Kyiv, Ukraine-addresses the growing global macroeconomic imbalances and the challenges of globalization and long-term economic growth, with a focus on Europe and Asia. Various aspects of the macroeconomic imbalances are the theme of the first six chapters. The second part of the book discusses how the capitalist model of economic development is developing or should evolve, with the last two chapters considering options available to European policymakers to compete with and adjust to the rapidly growing East Asian Tigers-Hong Kong, Singapore, Taiwan, and South Korea-and China.

The conference was organized by Warsaw-based Center for Social and Economic Research and included 40 panelists drawn from the International Monetary Fund, European Commission, United Nations Economic Commission for Europe, various governments, leading Washington- and Brussels-based think tanks, and universities across the world.

About the Author:
Anders Aslund is the chairman of the Advisory Council of the Center for Social and Economic Research

About the Author:
Marek Dabrowski is the chairman of the Supervisory Council of the Center for Social and Economic Research (CASE) in Warsaw and chairman of the Supervisory Board of CASE-Ukraine in Kyiv

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Product Details

  • ISBN-13: 9780881324181
  • Publisher: Peterson Institute for International Economics
  • Publication date: 6/30/2008
  • Pages: 416
  • Product dimensions: 6.00 (w) x 8.80 (h) x 0.60 (d)

Table of Contents

Introduction Challenges of globalization Anders Aslund Aslund, Anders Marek Dabrowski Dabrowski, Marek 1

1 Are large external imbalances in Central Europe sustainable? Susan Schadler Schadler, Susan 17

2 Current account imbalances in the Euro Area Alan Ahearne Ahearne, Alan Birgit Schmitz Schmitz, Birgit Jurgen von Hagen von Hagen, Jurgen 41

3 Rethinking balance of payments constraints in a globalized world Marek Dabrowski Dabrowski, Marek 59

4 A world out of balance? Daniel Gros Gros, Daniel 77

5 Sustainable adjustment of global imbalances Ray Barrell Barrell, Ray Dawn Holland Holland, Dawn Ian Hurst Hurst, Ian 107

6 Meeting the China challenge is meeting the challenge of comprehensive engagement and multilateralism Wing Thye Woo Woo, Wing Thye 127

7 Institutional systems and economic growth Leszek Balcerowicz Balcerowicz, Leszek 153

8 Impact of "legal school" versus recent colonial origin on economic growth Jacek Rostowski Rostowski, Jacek Bogdan Stacescu Stacescu, Bogdan 201

9 Does the European Union emulate the positive features of the East Asian model? Anders Aslund Aslund, Anders 229

10 Eight potential roadblocks to smooth EU-China economic relations Jean Pisani-Ferry Andre Sapir Sapir, Jean Pisani-Ferry Andre 253

About the contributors 269

Index 271

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