Globalization and National Economic Welfare [Hardcover]

Globalization and National Economic Welfare makes an original, powerful and timely contribution to a highly topical issue that affects all countries by showing why globalization is unsustainable in the long term without fundamental changes in existing attitudes and institutions. The book analyzes one of the most important aspects of economic policy at the beginning of the twenty-first century: how to overcome the growing threat that inequalities created by globalization pose, both nationally and internationally, to economic progress and political stability. Economic problems, from corporate fraud and bankruptcies to the high social costs of the adjustments that globalization imposes on individual countries, are becoming increasingly international and, consequently, demand action at the supranational level. Yet the effective institutional framework for dealing with these problems remains national. In contrast to the neo-liberal approach, the author argues that the state, as the only form of organization that has the power to reconcile conflicts of interest nationally and internationally, has a critical role to play in ensuring that globalization does not end in failure and war.List of Tables List of Figures Preface Foreword: A.B.Atkinson PART I: INTRODUCTION Globalization: The Meaning, the Claims and the Reality PART II: THE DYNAMICS OF MACROECONOMIC ORGANIZATION Economic Progress and Organization in Capitalist Economies International Economic Integration and the Changing Role of National Governments The Future Role of the State in Eastern Europe PART III: THE ORIGINS OF GLOBALIZATION: INSTITUTIONAL AND SPONTANEOUS Economic Development and Trade Policy Transnational Corporations and the Nation State PART IV: GLOBALIZATION, CO-OPERATION AND SUPRANATIONALISM The Aspirations Gap, Interdependence and Global Inflation International Interdependence and the Debt Problem Banking Supervision in Conditions of Deregulation and Globalization The Bretton Woods System: Concept andl#"