Governing the World Economy
5%
off

Governing the World Economy

By (author) 

Free delivery worldwide

Available. Dispatched from the UK in 2 business days
When will my order arrive?

Description

The global financial crisis of 1997--8 revealed that emerging market nations as well as the developed economies are vulnerable to the forces of globalization. It highlighted the need for the governance of the world economy to catch up with the pace and degree of integration through trade and financial markets. This book argues passionately in favour of the benefits of free markets, despite the crisis. Coyle argues that the freedom to exchange and invest is valuable in itself, like other freedoms, and that it is also the only sure route to economic development. Further liberalization of trade and investment, appropriately regulated, is essential if developing countries are to attain higher living standards. Economic growth, in turn, will slow population growth and create a constituency for environmental action in the developing world. Coyle also makes the case for a reassessment of the role and capabilities of the international financial institutions. She argues that these need to reflect a more even balance of power, despite the dominance of the US in todaya s world economy, and that they need to live up to their own rhetoric of transparency and accountability.
Chapters on trade and financial markets look in particular at the role of the WTO and IMF, the key villains on the world stage in the eyes of many progressive development campaigners. The book also addresses the shifting political economy of international governance, looking at the way information technology has led to the development of a global opposition to the inter--governmental organizations. This book will be read by students of economics and politics, and all those interested in debates about the nature and trajectory of the world economy.
show more

Product details

  • Paperback | 176 pages
  • 136.7 x 189 x 13.2mm | 209.01g
  • Oxford, United Kingdom
  • English
  • 0745623646
  • 9780745623641

Back cover copy

The global financial crisis of 1997-8 revealed that emerging marketnations as well as the developed economies are vulnerable to theforces of globalization. It highlighted the need for the governanceof the world economy to catch up with the pace and degree ofintegration through trade and financial markets.


This book argues passionately in favour of the benefits of freemarkets, despite the crisis. Coyle argues that the freedom toexchange and invest is valuable in itself, like other freedoms, andthat it is also the only sure route to economic development.Further liberalization of trade and investment, appropriatelyregulated, is essential if developing countries are to attainhigher living standards. Economic growth, in turn, will slowpopulation growth and create a constituency for environmentalaction in the developing world.


Coyle also makes the case for a reassessment of the role andcapabilities of the international financial institutions. Sheargues that these need to reflect a more even balance of power, despite the dominance of the US in today's world economy, and thatthey need to live up to their own rhetoric of transparency andaccountability. Chapters on trade and financial markets look inparticular at the role of the WTO and IMF, the key villains on theworld stage in the eyes of many progressive developmentcampaigners. The book also addresses the shifting political economyof international governance, looking at the way informationtechnology has led to the development of a global opposition to theinter-governmental organizations.


This book will be read by students of economics and politics, andall those interested in debates about the nature and trajectory ofthe world economy.
show more

Table of contents

Acknowledgements. Introduction. Chapter One: Frankenstein Finance. Chapter Two: Myths and Reality In Financial Markets. Chapter Three: Division of the Spoils. Chapter Four: A New International Architecture. Chapter Five: The New a New Economya . Notes. Bibliography. Index
show more

Review quote

a Diane Coyle has written a clear and rigorous analysis of the international trade and investment system. If we are to understand the challenges of globalisation, this is one book that we should all read.a Meghnad Desai, London School of Economics a Diane Coyle has her finger on what will surely be one of the foremost political issues of the coming decade ---- the ascendancy of globally integrated finance capitalism, and in particular who benefits and who loses from it. Her insights are thoughtful, her conclusions sound, her explanations consistently instructive. And as usual, her lively writing crackles with concrete examples and thought--provoking facts.a Benjamin M. Friedman, Harvard University a Diane Coyle, one of the best of the very bright generation of economic writers British journalism has thrown up in recent years.a Denis MacShane, The Independent a This thoughtful book by the economics editor of The Independent packs a fair amount into its 166 pages. A passionate free marketeer, who also believes that free markets need a great deal of scrutiny, Coyle argues that present trading conditions offer a rare opportunity to improve the world economy.a The Sunday Times
show more

About Diane Coyle

Diane Coyle is Economics Editor of The Independent
show more