Globalisation has evolved to become the dominant economic, cultural, environmental and political phenomenon of our time. In economic terms, debates now extend beyond concepts of 'winners and losers', to key questions of how to deal with the problems unleashed by globalisation while preserving its benefits. However, if the benefits of globalisation are fairly shared and the costs properly dealt with, a deeper economic understanding of how globalisation is impacting our economic world is needed. This important book addresses this task, featuring contributions from many of the world's leading economists. Seven key aspects of globalisation are considered: trans-border trade, trans-border movement of people and capital, the emergence of a new international order, the homogenization of economic cultures, technology and institutions, labour market consequences, corporate governance issues, and prospects for a global society. These carefully chosen themes illuminate the complex path that globalisation is following by showing it to be a process consisting of various transitions and subplots, the totality of which is closely examined in this comprehensive and authoritative work. Economics of Globalisation is essential reading for academics, researchers, policy-makers and business professionals.
Contents: Foreword, Kenneth J. Arrow; Preface, Jeffrey Sachs; Introduction: economics of globalization - which way now?, Manas Chatterji and Partha Gangopadhyay. Economics and Globalization: Economic development and the gains from international trade and investment, Murray C. Kemp; Crises: the price of globalization?, Paul Krugman; IMF perspectives and alternative views of the Asian crisis, Iwan J. Azis; Globalization and economics, David Colander; Globalization of the world economy: potential benefits and costs and a net assessment, Michael Intriligator; Globalization in stages, David E. Andersson and Ake E. Andersson; Sustainable mobility and globalization: new challenges for policy research, Peter Nijkamp, Hadewijch van Delft and Danielle van Veen-Groot; Globalization, South-North migration and uneven development, Amitava Krishna Dutt; Ethical issues for multinationals in the age of globalization, Keith Lehrer; The governance of regional networks and the process of globalization, Riccardo Cappelin; Globalisation of the cooperative movement, Tapani Koppa. Economic Issues of Globalization: International aviation: globalization and global industry, Peter Forsyth; Internet and globalization, Neil Warren; Financial development and growth: the APEC experience, Debasis Bandyopadhyay; Strategic management of operating exposure, Robert Grant and Luc Soenen; Foreign shareholding and trade policy, Arijit Mukherjee, Sugata Marjit and Sarbajit Sengupta; Reciprocal dumping: a generalized approach, Prabal Ray Chaudhuri and Uday Bhanu Sinha; Welfare in a unionized Bertrand Duopoly, Subhayu Bandyopadhyay and Sudeshna C. Bandyopadhyah; Corruption, globalisation and domestic environmental policies, Richard Damania; Globalization and market integration: Spain as a case study, Fernando Barreiro-Pereira and Francisco Mochon. Postscript: Economics of globalization, Partha Gangopadhyay and Manas Chatterji; Index.