Globalization, by which is meant the increasing economic interdependence among nations, has been a critical ingredient in enabling enormous improvement in mankind's condition. While progress has not always been smooth, and has not come without dislocation for some, the economic policy challenge has been, and is, to enable the realization of the large potential benefits of globalization while simultaneously reducing the negative side effects and providing safety nets for those whose lives are disrupted in the process.This volume focuses on the successes of globalization, and some of the main economic policy challenges and solutions that arise to enhance the benefits and lower the costs. It covers different aspects of globalization, sovereign debt restructuring, development of the financial sector and financial crises in Asia, Turkey, Brazil, etc. The final part of the book covers multilateral international organizations, namely the World Trade Organization, the IMF and the World Bank.
Publisher: World Scientific Publishing Co Pte Ltd
Number of pages: 316
Weight: 676 g
Dimensions: 249 x 168 x 23 mm
Anne Krueger has had an exceptionally distinguished career as both an academic economist and high-ranking policy official at the World Bank and International Monetary Fund. This wide-ranging collection of essays and speeches is full of wisdom and insight. -- Prof. Douglas Irwin "Department of Economics, Dartmouth College"
These essays recount and celebrate the unprecedented growth of the world economy in the last half century, and the role of freer trade and other liberalizing reforms in bringing it about. -- Prof. Arnold C Harberger "Department of Economics, University of California at Los Angeles"
Anne Krueger has been successful in arguing that economic reforms toward market mechanisms in developing countries are good; role of economic policies in making markets work is crucial; and strengthening of IMF, World Bank, and WTO is important. -- Prof. Takatoshi Ito "Graduate School of Economics, University of Tokyo"