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Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century

 

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Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century

Robert C. Feenstra and Alan M. Taylor


As in other large recessions and depressions in times past, the global crisis of 2008–09, aside from its painful economic costs, also raised fears of worrisome prospects for international policymaking. Whether in fiscal and monetary policies, the control of currencies and capital flows, approaches to protectionism and barriers to trade, the regulation of finance, or responses to environment challenges, national economic interests were on the rise, placing at risk longstanding commitments to integration and cooperative policy. ... Read more

 

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