1st Edition

International Economic Policy for the Polycrisis

Edited By Konrad Raczkowski, Piotr Komorowski Copyright 2025
    314 Pages 69 B/W Illustrations
    by Routledge

    The struggle for world leadership between China and the United States, resulting in Russia's war with Ukraine, among other things, underscore the reality of structural changes in the global economy and the global system. This book explains that a new era of egocentrism and polycrisis in a multipolar system has emerged in international economic policy, with a strong drive toward interventionism and protectionism of national economies. Dynamic economic imbalances are becoming a constant factor in disrupting international competitiveness and forcing changes in both monetary policy and general economic policy. This prompts a new, more pragmatic definition of fundamental concepts in the theoretical sphere as well as an up-to-date and viable cause-and-effect narrative that is not disconnected from decision-making processes in the economic and political spheres.

    This book provides a comprehensive diagnosis of the current global economy landscape and evaluates the processes affecting the economic and financial realities and the effectiveness of economic policies. The recent dynamics have rendered much of the existing literature outdated or confined to individual economies, economic systems, and regions. The book describes the evolution of international economic policy, offering a comparative analysis of foreign trade theories, especially in the context of macroeconomic trends and the impact of international trade in goods and services in the new balance of power of the global economy.

    Targeted primarily at academics, students, and researchers in economics, finance, international relations, and management, it will also serve as a valuable resource for policymakers shaping and implementing contemporary state economic policies.

    1. International economic policy: Theory and practice 2. The great reset and the new global economic order 3. Opportunities and threats of global socio-economic processes: Selected aspects 4. Realism of market economy models in the face of the challenges of the new world order 5. Current and expected fragmentation of the global economy; its reasons, manifestations and consequences 6. The international financial system and economic instability 7. Banking sector macrostability in the post-pandemic environment 8. The political economy of natural resources 9. Military and economic potential of the countries of the world: assessment and analysis of the impact on international security 10. The impact of the Covid-19 pandemic on economic and social change in the world order 11. Sustainable development, post Covid-19 pandemic, in mainstream socio-economic models 12. The inconvenient truth about personal income taxation in the international economic policy 13. Financing our Global Commons in the Anthropocene era


    Konrad Raczkowski is Full Professor of Economics, Vice-Rector of the Cardinal Stefan WyszyƄski University in Warsaw, Poland; Visiting Research Scholar at the City University of New York; Former Deputy Minister of Finance in Poland and member of the National Development Council of the President of Republic of Poland. More at: www.konradraczkowski.info

    Piotr Komorowski has a PhD in Economics and is Deputy Director of the Centre for the World Economy, Assistant Professor at the Institute of Economics and Finance at the Cardinal Stefan Wyszynski University in Warsaw, Poland; manager and member of many project teams, and practitioner in the field of banking and business.