Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century
Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century
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Abstract
As in other large recessions and depressions in times past, the global crisis of 2008–09, aside from its painful economic costs, also raised fears of worrisome prospects for international policymaking. Whether in fiscal and monetary policies, the control of currencies and capital flows, approaches to protectionism and barriers to trade, the regulation of finance, or responses to environment challenges, national economic interests were on the rise, placing at risk longstanding commitments to integration and cooperative policy. The aim of this volume is to consider the major questions that need to be faced going forwards. The goal is to advance debate about how the mostly successful multilateral post-WWII global economic order should not merely continue to function, but also evolve and improve to address the strains created by the pressures of rapid globalization in the last two decades, and now deeply exposed and exacerbated by the crisis.
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Front Matter
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Introduction
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1
Coping with Shocks and Shifts: The Multilateral Trading System in Historical Perspective
Douglas A. Irwin andKevin H. O’Rourke
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2
International Policy Coordination: The Long View
Barry Eichengreen
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3
Can the Doha Round Be a Development Round?: Setting a Place at the Table
Kyle Bagwell andRobert W. Staiger
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4
Preferential Trade Agreements and the World Trade System: A Multilateralist View
Pravin Krishna
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5
Trade and Industrialization after Globalization’s Second Unbundling: How Building and Joining a Supply Chain Are Different and Why It Matters
Richard Baldwin
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6
Facing the Climate Change Challenge in a Global Economy
Lee Branstetter andWilliam Pizer
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7
Multilateral Economic Cooperation and the International Transmission of Fiscal Policy
Giancarlo Corsetti andGernot J. Müller
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8
The International Monetary System: Living with Asymmetry
Maurice Obstfeld
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9
Global Macroeconomic and Financial Supervision: Where Next?
Charles A. E. Goodhart
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End Matter
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