Creating a New World Economy: Forces of Change and Plans for Action

by Gerald Epstein

Overview

How is the global economy affected by increased militarization, inequality between nations and classes, environmental degradation, and U.S. economic decline? What are the current debates and issues? Can free enterprise and government deregulation solve global economic problems? As the world's attention is focused on the global economy, 25 activist economists address these and many other questions. Essays in Creating a New World Economy describe in accessible language such complex topics as the international debt, Keynesianism, trade policy, immigration, and drug trade. In addition to analyzing current topics and debates, contributors also offer alternative strategies on topics frequently neglected in traditional economics curricula. Essays explain development strategies and markets in Latin America, Eastern Europe, Africa, and Japan. For students, activists, and general readers, this timely collection explains national and international economic dilemmas that will increasingly challenge us in the next century.

Product Details

ISBN-13:	9781439900949
Publisher:	Temple University Press
Publication date:	01/30/2009
Sold by:	Barnes & Noble
Format:	eBook
Pages:	488
File size:	6 MB

About the Author

Gerald Epstein is Associate Professor of Economics at the University of Massachusetts, Amherst, and a staff economist for the Center for Popular Economics.

Table of Contents

Contents Figures and Tables Foreword, by Samuel Bowles Acknowledgments Acronyms and Abbreviations Introduction, by the Editors PART I THE GLOBAL ECONOMY:INTERNATIONAL FLOWS AND NATIONAL DILEMMAS 1 Power, Profits, and Cooperation in the Global Economy 2 Trade Policy: Who Wins, Who Loses? 3 Crossing Borders: A Case for Cooperation in International Financial Markets 4 Immigration and the World Economy 5 U.S. Militarism and the Global Economy 6 Cocaine Capitalism 7 Can Markets Work in Eastern Europe? 8 The Rise and Fall of the Keynesian Revolution in the Age of the Global Marketplace PART II CHANGES IN THE INDUSTRIALIZED WORLD: NATIONS AND MULTINATIONALS 9 Global Equity and Environmental Crisis: An Argument for Reducing Working Hours in the North 10 The United States as a Debtor Country 11 Multinational Corporations and the Internationalization of Production: An Industry Perspective 12 The Japanese Model of Production: Cooperation or Coercion? 13 From Junior Partner To ... ? Japan in the World Economy 14 The Great Trade Debates PART III THE THIRD WORLD IN THE GLOBAL ECONOMY: FAILED MODELS AND NEW APPROACHES 15 Managing the Latin American Debt Crisis: The International Monetary Fund and Beyond 16 Foreign Aid and Dependent Development 17 The Crisis of Plenty: Africa 18 The International Economy and the Environment in Latin America 19 The Internationalization of the U.S. Military Industry: A Caribbean Case Study 20 No More NICs 21 Developrnent Strategies in Latin America: Which Way Now? 22 Third World Socialism and the Demise of COMECON 23 Making Connections: Women in the International Economy Glossary The Contributors Index