What Global Economic Crisis? [Paperback]

Economics has become an excessively esoteric discipline. Opportunities to bridge the gap between theorizing and policymaking are becoming increasingly limited. One issue of great importance to modern policymakers is the relationship between globalization and economic crisis. With unprecedented trends towards globalization (in part propelled by developments in information technology), the repercussions of economic crisis are more profound than ever before, particularly for developing countries. What Global Economic Crisis? bridges the gap between theory and policy by examining the destabilising effects of financial crises on economic growth, stability and development. It also presents some innovative ideas intended to inform the design of institutions able to foster more effective international policy coordination.Foreword: G.C.Harcourt Notes on the Contributors Introduction: P.Arestis , M.Baddeley & J.McCombie If Markets are Efficient, What Have There Been So Many International Crises Since the 1970s?; P.Davidson Reforming the International Financial Architecture: An Asian Perspective; M.G.Quibria & J.A.Quitazol An Agenda for a New Bretton Woods; J.Grieve Smith Will the Euro Bring Economic Crisis to Europe?; P.Arestis & M.Sawyer Globalization, the Distribution of Power, and Full Employment; J.Cornwall & W.Cornwall Competition Policy, Development, and Developing Countries; A.Singh & R.Dhumale A Brazilian-style Ponzi: How to Create a Financial Crisis by Trying to Avoid One; G.Palma Technology and Growth: Between Regionalism and Globalisation; P.Petit The Keynesian Micro-Foundations of the Business Cycle: Some Implications of Globalisation; P.Ormerod An Historical Perspective on Speculative Bubbles and Financial Crises: Tulipmania and the South Sea Bubble; M.Baddeley & J.McCombie John Cornwall: An Appreciation; M.Setterfield IndexJOHN CORNWALL McCullough Emeritus Professor of Economics, Dalhousie University, Halifax, Canada WENDY CORNWALL ProfeslC3