Globalisation, Regionalism and Economic Activity

by Philip Arestis (Editor), Michelle Baddeley (Editor), John S.L. McCombie (Editor)

Overview

The processes of globalisation and increased economic regionalism have had profound, often destabilising, effects on modern economic and financial systems. In recognition of this fact, the editors of this fine book have collected together a diverse range of heterodox ideas surrounding the complex relationships and interactions between globalisation, regionalism and economic activity.

The book promotes real-world economic issues and explores them without adopting any particular methodological, ideological or theoretical agenda. A number of influential economists explore the inter-relationships between globalisation, regionalism, finance, economic growth and development from a global perspective. Amongst other topics, the book includes comprehensive discussions on fixed versus flexible exchange rates; international liquidity; the WTO dispute settlement system; the eastward expansion of the European Union; crowding-out in export led growth; demand and supply in the New Economy; the national origin of financial liberalisation in the US; and the relationship between savings and investment.

The range and depth of analysis makes this book a timely and useful contribution to current policy debates. Academics, students and scholars with an interest in globalisation, international economics and macroeconomics will do well to read this eclectic and stimulating volume.

Product Details

ISBN-13:	9781843761037
Publisher:	Edward Elgar Publishing
Publication date:	09/29/2003
Pages:	304
Product dimensions:	6.10(w) x 9.30(h) x 1.00(d)

About the Author

Edited by Philip Arestis, University Director of Research, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge and Fellow, Wolfson College, UK, John S.L. McCombie, Professor of Regional and Applied Economics and Director, Cambridge Centre for Economic and Public Policy, Department of Land Economy, University of Cambridge and Fellow of Downing College, Cambridge, UK

Table of Contents

Contents: Introduction 1. Capital Account Liberalisation, Free Long-Term Capital Flows, Financial Crises and Economic Development 2. Fixed vs. Flexible Exchange Rates, Economic Growth and International Liquidity 3. Globalization, Distributional Conflict and Inflation: The Case of the US Economy During the 1990s 4. How Well is the WTO Dispute Settlement System Working? 5. A Fully Coherent Post Keynesian Model of the Euro Zone 6. Finance–Industry Relationships in Europe and the Prospects for Growth and Convergence 7. Eastward Expansion of the European Union – Nominal and Real Convergence Examined 8. Export-led Growth: Evidence of Developing Country Crowding Out 9. Demand and Supply in the New Economy 10. The National Origin of Financial Liberalization: The Case of the United States 11. Saving is the Accounting Record of Investment 12. Globalization, Regionalism and State Capacity in Developing Countries: A Note Index