Economic Policy in the Age of Globalisation [Paperback]

Analysis of both the principles and techniques of public intervention in a global economy.In this textbook, Professor Nicola Acocella analyses both the principles and techniques of public intervention in the global economy. A wide range of topics are covered, from market and government failures to the consequences of globalisation for economic policymaking: the normative and positive theory of economic policy; microeconomic and macroeconomic policies in an international context; multilateral and regional organisations; and the issues involved in globalisation and the efforts of public institutions to co-operate. This book is aimed at students who have completed an introductory course in micro and macroeconomics.In this textbook, Professor Nicola Acocella analyses both the principles and techniques of public intervention in the global economy. A wide range of topics are covered, from market and government failures to the consequences of globalisation for economic policymaking: the normative and positive theory of economic policy; microeconomic and macroeconomic policies in an international context; multilateral and regional organisations; and the issues involved in globalisation and the efforts of public institutions to co-operate. This book is aimed at students who have completed an introductory course in micro and macroeconomics.In the age of globalization, both domestic and foreign economic policies play an important role in determining firms' strategies. At the same time, firms' choices have a greater impact on economic policymaking in a global economy, as the range of alternatives open to them expands. Nicola Acocella analyzes both sides of this relationship and places special emphasis on current issues. Broad in scope, this book is aimed at students who have completed an introductory course in both micro- and macro-economics.Preface; List of symbols; 1. Introduction; Part I. The Market, Efficiency and Equity: 2. Market failures: microeconomic aspects; 3. MarketlÓ7