The new global political economy
Subtitle: from crisis to supranational integration
By: Riccardo Fiorentini and Guido Montani
Contributors: Montani, Guido
Series: New directions in modern economics; New directions in modern economics
Publisher: Edward Elgar
Published: 2012
Place of publication: Cheltenham, Glos, UK; Northampton, MA
Language: eng
Number of pages: 234
ISBN-13: 9780857934048; 9780857934055
Subjects: International finance; International economic integration; Government policy; Global Financial Crisis, 2008-2009
Description: The 2008 financial crisis is arguably the most dramatic outcome of globalization. International economic integration, if unregulated, can bring about huge inequalities and the destruction of the environment. This thought provoking book illustrates why the 'old' international order is unable to provide crucial global public goods such as monetary and financial stability in the fight against mass poverty and climate change. The expert authors provide an in-depth analysis of the causes of the financial crisis and the political economy measures required to build a safer and more stable international order. They show how the financial crisis is deeply rooted in the flaws of the dollar standard and explain why the dollar and globalization should be considered together to understand the present challenges. By way of conclusion, the authors propose the creation of a 'World Eco-Monetary Union' with the power to regulate the global economy and to promote sustainable development. -- Back cover.
Notes: Includes bibliographical references (p. 207-227) and index.