1st Edition

Globalization's Limits Conflicting National Interests in Trade and Finance

By Dimitris N. Chorafas Copyright 2009
354 Pages
by Routledge

354 Pages
by Routledge

So far there has been only praise for globalization. However, the export wave of China’s manufacturing machine and, more recently, the Global financial crisis show that globalization has limits. Globalization, the internationalization of trade, and financial integration are having enormous implications for businesses as well as for the whole economies of countries or blocks of countries. In this... Read more
Part 1 United States, Europe, China and the World Market: Globalization in motion; The rise of Asian giants; Globalization and the European Union; World trade, China price and Doha Round. Part 2 The Globalization of Finance: Sovereign wealth funds; Risks and opportunities in globalized financial markets; Monetary policy in a global economy; China's banks and the economy. Part 3 Euroland, Case Study on the Limits of Regional Globalization: Financial integration in the European Union; The Euro, curse or blessing for the EU economy?; Euroland's missed opportunities. Index.

Biography

Professor Dr Dimitris Chorafas is an academic and consultant. He is a member of the New York Academy of Sciences and the Ecole Polytechnique Federale de Lausanne (EPFL). Dr Chorafas is a n engineering graduate of the National Technical University of Athens and of UCLA. He undertook postgraduate studies in finance and he is a Doctor of Science (in maths and logic from the Sorbonne). He has been a Fulbright Scholar and has taught in universities around the world. During his career, Dr Chorafas has been a consultant to the board of UBS, Bank of Scotland, Commerzbank, Istituto Bancario Italiano, Italcementi, AEG, Telefunken, GE Bull, and Nestle. Over 8,000 executives around the world have attended his seminar programme. In 1992, in conjunction with the Swiss Academies of Sciences, he established his Foundation which grants awards to PhD students at 25 universities worldwide. Dr. Chorafas has authored 150 books.

’Part 1 of this volume provides a detailed assessment of the growing impact of China and India on world markets, and of the economic difficulties and uncertainties confronting Europe. There is also an excellent discussion of the recent setbacks to the globalization process caused by the current financial crisis and the consequent rise in economic nationalism. The remaining two parts of this excellent volume consider the globalization of finance (Part 2) and the limitations of globalization (Part 3), using the Eurozone as a case study.’ - Economic Outlook and Business Review