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The recent economic crisis-with the plunge in the stock market, numerous bank failures and widespread financial distress, declining output and rising unemployment-has been reminiscent of the Great Depression. The Depression of the 1930s was marked by the spread of protectionist trade policies, which contributed to a collapse in world trade. Although policymakers today claim that they will resist the protectionist temptation, recessions are breeding...
Author
Description
"The emergence of globalization was neither accidental nor inevitable. To make the "free flow" of commodities, capital, and money possible, governments first had to introduce a new political infrastructure. In Remaking U.S. Trade Policy, Nitsan Chorev focuses on trade liberalization in the United States from the 19305 to the present as she explores the political origins of today's global economy."--Jacket.
Author
Description
Around the world, people who are angry at stagnant wages and growing inequality have rebelled against established governments and turned to political extremes. Liberal democracy, history's greatest engine of growth, now struggles to overcome unprecedented economic headwinds-from aging populations to scarce resources to unsustainable debt burdens. Hobbled by short-term thinking and ideological dogma, democracies risk falling prey to nationalism and...
Author
Description
In How Nations Grow Rich, Krauss argues there is no inherent reason why the growth of the welfare state in the Western industrial countries should conflict with free trade - that is, there is no inherent reason for the welfare state to be protectionist. Exposing fallacious "welfare state" arguments for protection, Krauss makes a powerful case for free trade in general, and NAFTA in particular, as mechanisms for raising U.S. living standards. Americans...
Formats
Description
"This program surveys the history and politics of cross-border trade, identifying ways that nations have tried to strengthen, reduce, or prevent it. Outlining the concept known as pattern of trade, the video examines cases for and against free trade while studying comparative advantage, wage inequality, economies of scale, and the infant industry argument. The evolution of international trade policy is also examined, featuring prominent examples of...
Author
Description
"Trade protection costs the European Community between 6 and 7 percent of its gross domestic product, or the equivalent of the annual economic output of Spain. Continuing the Institute's series on trade protection in major countries (which already includes the United States, Japan, Korea, and China), this study by Patrick A. Messerlin is the first attempt to measure the impact of all types of protection in the European Union." "Messerlin uses partial...
Author
Description
"In this book. Harold James provides a sobering historical perspective, exploring the circumstances in which the globally integrated world of an earlier era broke down under the pressure of unexpected events." "James examines one of the great historical nightmares of the twentieth century: the collapse of globalism in the Great Depression. Analyzing this collapse in terms of three main components of global economics - capital flows, trade, and international...
Author
Description
"The author maintains that global capitalism and economic globalization have rested and must continue to rest on a secure political foundation. However, this foundation has eroded since the end of the Soviet threat. To ensure survival of the global economy, Gilpin concludes, the United States and other major powers must recommit themselves to working together to rebuild its weakened political foundation."--Jacket.
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