Globalization in an Age of Crisis: Multilateral Economic Cooperation in the Twenty-First Century
Robert C. Feenstra and Alan M. Taylor
Abstract
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. The aim of this volume is to consider the major questions that need ... More
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. The aim of this volume is to consider the major questions that need to be faced going forwards. The goal is to advance debate about how the mostly successful multilateral post-WWII global economic order should not merely continue to function, but also evolve and improve to address the strains created by the pressures of rapid globalization in the last two decades, and now deeply exposed and exacerbated by the crisis.
Keywords:
financial crisis,
multilateral economic order,
globalization
Bibliographic Information
| Print publication date: 2014 |
Print ISBN-13: 9780226030753 |
| Published to Chicago Scholarship Online: September 2014 |
DOI:10.7208/chicago/9780226030890.001.0001 |
