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Noel Gaston and Ahmed M. Khalid s volume offers fascinating insights on the development, causes, and consequences of globalization in the Asia-Pacific. The outstanding collection of chapters combines theory with rigorous econometrics, making the book a must-read for every student of globalization. At a time where the global crisis gave new arguments to the critics of globalization, the questions raised in this book, and the answers given, are essential reading for academics and politicians alike. Axel Dreher, University of Goettingen, Germany Given the importance of globalization in today s world, this salutary and timely book explores how globalization is specifically shaping the Asia-Pacific. It investigates future prospects and challenges, identifies the key winners and losers, and concludes in many cases that the portents for globalization are not particularly promising. Prominent economists and policy scholars examine a wide range of topics pertinent to globalization and economic integration in the Asia-Pacific, encompassing macroeconomic coordination and financial market integration; regionalism and preferential trade agreements; and immigration and labor markets, including gender issues and the impact of outsourcing. Through these analyses, the expert contributors illustrate the importance of market participants and regulators clearly understanding the risks associated with the present stage of globalization. They show that national policy makers need to reconfigure the regulatory framework following international lessons from previous financial crises experienced in the last two decades, and that financial literacy is essential for market participants, especially in emerging economies. Many of the issues discussed will prove useful in promoting the development of a new international financial architecture, comprising measures that will help reap the full benefits of globalization. This stimulating and challenging book will strongly appeal to academics, advanced undergraduates, postgraduates, researchers, and policy makers in the fields of Asian studies, international economics, and international business.
"This book addresses the difficulties and challenges that developing countries have faced in world trade. It explores different aspect of trade integrations, trade policies, trade corporations in developing countries and related topics"--
This study of India's political economy provides a thorough examination of one critique of globalization, that it causes economic segmentation, and possibly disintegration, of the national economy as some sectors benefit and others are left behind. Economic segmentation is the breaking up of national markets, resulting in distinct winners and losers. Nayar's examination challenges this critique by demonstrating that, on balance, the active role of the Indian state in the areas of economic planning, fiscal federalism, and tax reform has resulted in improved economic integration, not increased segmentation. Similarly, his investigation of trade, investment, entrepreneurship, and migration, all reveal tendencies inherent in the market in favor of economic integration, especially when assisted by the state. Nayar's findings lead to the conclusion that while globalization both offers benefits (greater economic growth) and involves costs (external shocks), India's experience since its opening in 1991 suggests that India has benefited from, more than been victimized, by globalization.
In theory, regionalism and globalization are intended to be viewed as two separate concepts. However, as long as the approaches complement each other, considering these paradigms in tandem can have significantly positive effects on the overall status of the world economy. Regional Economy Integration and the Global Financial System addresses recent trends in regional integration projects and the strides that such projects are making on the road toward globalization. Focusing on a range of economic projects, emerging supranational units, and possible implications for future trends, this book is an essential reference source for professionals, scholars, and institutions interested in the dynamic effects of regionalism and globalization.
Globalization - the growing integration of economies and societies around the world, is a complex process. The focus of this research is the impact of economic integration on developing countries and especially the poor people living in these countries. Whether economic integration supports poverty reduction and how it can do so more effectively are key questions asked. The research yields 3 main findings with bearings on current policy debates about globalization. Firstly, poor countries with some 3 billion people have broken into the global market for manufactures and services, and this successful integration has generally supported poverty reduction. Secondly, inclusion both across countries and within them is important as a number of countries (pop. 2 billion) are failing as states, trading less and less, and becoming marginal to the world economy. Thirdly, standardization or homogenization is a concern - will economic integration lead to cultural or institutional homogenization?
This scholarly and interdisciplinary volume sheds much needed light on the realtionship between national policies, regional integration patterns and the wider global setting. It covers regional patterns in Europe, Asia and the Americas. Individual chapters focus on topics ranging from industrial or financial policies to social welfare regimes, as well as broader assessments and comparisons of regional arrangements in a global context. The chapters point to the diversity of regional patterns in the world economy and the continuing importance of national regulatory structures, yet they also point to the common pressures of globalisation felt by all, especially in the domain of capital markets. With broad coverage and clear but sophisticated analysis this new book will be vital reading to all those seeking to clarify their understanding of the contemporary regional/global paradox.
'International Handbook on the Economics of Integration edited by Miroslav Jovanovi? provides timely and rich academic contributions to considerations of the widest array of integration-related issues. European integration has been providing an inspiration to a number of academics and researchers. the Handbook is a recognition of the dynamic and strong solidarity of European integration. At the same time, the European Union often provided an example for integration schemes throughout the world which spread enormously since the mid-1990s. Leading experts from all continents contributed to this Handbook which will be a valuable input into academic and policy-making discussions and actions.' - José Manuel Barroso, President of the European Commission
This publication reviews the major turning points in the history of economic integration, and in particular the pace at which it has accelerated since the 1990s. It also considers its impact in four crucial areas, namely employment, development, the environment and financial stability.
Deftly navigating the tensions among globalization, national sovereignty, and democracy, Straight Talk on Trade presents an indispensable commentary on today's world economy and its dilemmas, and offers a visionary framework at a critical time when it is most needed.
* Illustrates how Mexican communities cope with NAFTA’s effects * Written by a team of US and Mexican collaborators * Shows importance of trade regulations on poor communities worldwide How is the current model for economic globalization affecting both the poor and the environment? Confronting Globalization extends a sweeping treatment of contemporary Mexican politics as they investigate the country’s tumultuous experience under the North American Free Trade Agreement. The contributors relate globalization’s untold stories: its social and environmental costs, and the grassroots quest for alternative paths. They reveal to us how vulnerable people in rural communities are choosing to defend themselves and promote their own homegrown alternatives in the face of adversity.