The process of globalization is dynamic in the direction of increasing integration. The effects of economic events in one part of the world affect economic affairs in other parts of the world. This book focuses on the role of the state in IEFP and also explores how institutions and trade affect globalization.

Autorentext
CARLOS M. PELÁEZ received a PhD and BS, Phi Beta Kappa, from Columbia University, City of New York, USA. He has published books, essays and articles worldwide, including International Financial Architecture, The Global Recession Risk and Government Intervention in Globalization. He was Director of the Banco Chase and of the Rio de Janeiro Association of Banks and Vice President of Chase Manhattan Bank, USA. He is Managing Director of CMP Associates, USA.

CARLOS A. PELÁEZ received the AB in Statistics from the University of Chicago, USA and the JD from The University of Pennsylvania Law School, where he was Senior Editor of the Journal of International Law. He published International Financial Architecture, The Global Recession Risk and Government Intervention in Globalization, a book on globalization and an essay on the global electric industry. He works for a large law firm in New York City, USA.

Inhalt
Preface Introduction, Scope and Content Globalization, the World Economy and Growth The Official Institutions Risk Management, World Trade, Foreign Investment and Finance The Theory of the State International Exchange of Goods and Services Conclusion