Description
Book SynopsisAn examination of the conditions under which international rules of globalization come into existence, enabling world economic and financial systems to function and stabilize. It demonstrates that the rules result from a trial-and-error process - and usually after a crisis - in order to prevent pointless transaction costs and risks.
Trade Review"A useful contribution to the international economics literature."--Choice
Table of ContentsForeword vii Preface ix Chapter I: The Concept of aWorld Economic Order 1 Chapter II: Globalization and Its Impact on the International Rule System 20 Chapter III: How Rules Are Established 32 Chapter IV: How Rules Are Stabilized 50 Chapter V: Rules for International Product Markets 75 Chapter VI: Rules for Border-Crossing Factor Movements 100 Chapter VII: Rules for the Global Environment 121 Chapter VIII: Preventing Financial Instability 150 Chapter IX: Avoiding Currency Crises 177 Chapter X: Ethical Norms, Human Rights, Fairness, and Legitimacy: Restraints for the International Rule System 197 Chapter XI: Interdependence of Orders, Structure of the Rule System, and Institutional Fit 215 Chapter XII: Major Challenges to the Rule System in the Future 231 References and Further Reading 249 Index 263
