Building on the impressive first edition, this revised and updated book examines a wide range of highly topical issues. Dr Panic questions whether economic prosperity, social wellbeing and peace are sustainable given existing national attitudes, institutions and policies, and explores the changes needed to prevent another global economic collapse.

'In this creative response to the large issues raised by globalization, Mica Panic combines broad experience in industry, government, the Bank of England and the United Nations with in-depth academic analysis. He is ideally placed to give both diagnosis and prescription and does so convincingly and in a style accessible to non-economists.' - Professor David Ford, University of Cambridge, UK

'This is an impressive collection of essays. They are written in a non-technical way that makes them accessible to a fairly wide readership. They also deal with many important issues that the economics profession tends to ignore. Taken as a whole, they provide a coherent and unusual overview of the world economy and its modern evolution and operation. After reading this collection I felt that I had really learned something profound about the forces now shaping the world economy. As someone who is instinctively sceptical of international institutions and international economic regulations, as I read this book I found myself questioning some of my long-held beliefs.' - Robert Rowthorn, Professor of Economics, University of Cambridge, UK

Autorentext

MICA PANI? is Fellow of Selwyn College, University of Cambridge, and was formerly Visiting Professor of International Economics at the University of Milan. His non-academic appointments have included posts in the UK Government Economic Service (Chief Economist at the National Economic Development Office), the Bank of England (Head of External Policy Division), the University of Cambridge (Bursar of Selwyn College) and the United Nations (Vice Chairman of the Committee for Development Policy, Consultant on the Economies in Transition and on Economic Reconstruction of Post-Conflict Countries), as well as a year with Ford Motor Co. His publications include books and many articles on various aspects of international and development economics, economic policy and industrial economics.

Inhalt
List of Tables Preface: Predatory v. Cooperative Globalization Acknowledgements PART I: THE CORPORATE QUEST FOR GLOBAL FREEDOM AND DOMINANCE Globalization in the Age of Transnationals: the Claims and the Reality PART II: NATURE OF THE COLLECTIVE ACTION AND SOCIAL WELLBEING Organisation of Economic Activity at Different Levels of Development The Origin of Economic 'Miracles': the Role of the State Neoliberalism v. Social Democracy: Empirical Evidence Transnationals, Trade 'Liberalisation' and National Sovereignty PART III: GLOBAL LAISSEZ-FAIRE, INEQUALITIES AND CONFLICTS A New 'Bretton Woods' System? Why Financial Regulation is Essential (Appendix: The 2008-09 Global Financial Crisis) Future of the European Union: the Euro and the Welfare State Post-Conflict Reconstruction: External Assistance and Lasting Peace Bibliography Index