1.

Record Nr.

UNINA9910826367003321

Autore

Tabb William K

Titolo

Economic governance in the age of globalization [[electronic resource] /] / William K. Tabb

Pubbl/distr/stampa

New York, : Columbia University Press, c2004

ISBN

0-231-50575-2

Descrizione fisica

1 online resource (528 p.)

Disciplina

337

Soggetti

International economic relations

Globalization - Economic aspects

Globalization - Political aspects

Globalization - Moral and ethical aspects

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Bibliographic Level Mode of Issuance: Monograph

Nota di bibliografia

Includes bibliographical references (p. [431]-486) and index.

Nota di contenuto

Front  matter -- CONTENTS -- Chapter One. Introduction -- Chapter Two. The Verb and the Noun -- Chapter Three. Debating Globalization -- Chapter Four. The Nature and Scope of International Political Economy -- Chapter Five. The Postwar Economic Order and Global State Economic Governance Institutions -- Chapter Six. Clubs, Soft Law and International Financial Institutions -- Chapter Seven. The Bretton Woods Institutions in Operation -- Chapter Eight. Finance: Orthodox and Heterodox -- Chapter Nine. Transnational Corporations and Trade Theory -- Chapter Ten. From International Trade Organization to World Trade Organization -- Chapter Eleven. Market Efficiency Versus Labor Rights and Environmental Protection -- Chapter Twelve. Redecorating and New Architecture -- Chapter Thirteen. The Evolving Political Economy -- References -- Index

Sommario/riassunto

Rapid growth, reduced poverty, and stable societies: the announced benefits of the world economy celebrated by neoliberal proponents of "the Washington consensus" have failed to materialize. What does this failure mean for future world order and the U.S. role as global hegemon? Addressing this crucial question, William Tabb argues that global economic institutions such as the World Bank and the International Monetary Fund constitute a nascent international state for



which all previous models of sovereignty, accountability and equity are inadequate. Integrating economics and political science, Tabb traces the emergence of this global state from the closing days of World War II and examines its future prospects. Even as the United States will continue to dominate the emerging structures of world governance, Tabb maintains, it will have to change the assumptions behind its championing of classical models of international free trade. A new financial architecture must encompass debt forgiveness, multilateral agreements on investment, and a more inclusive model of growth in the twenty-first century.