Can I read The Political Economy of Policy Coordination: International Adjustment Since 1945 (Cornell Studies in Political Economy) on EtoBox?

The Political Economy of Policy Coordination: International Adjustment Since 1945 (Cornell Studies in Political Economy) by Michael C. Webb is a book available to read on EtoBox.

What is The Political Economy of Policy Coordination: International Adjustment Since 1945 (Cornell Studies in Political Economy) about?

Michael C. Webb explores a central question about postwar economic history: how has the growth of international markets affected the coordination of economic policy among nations? His analysis overturns the popular assumption that policy coordination has eroded as American hegemony has receded. Instead, he argues that the growing mobility of capital forced governments to abandon the strategies they had used in the 1950s and 60s to insulate monetary and fiscal policies from international influences, and to move toward more direct coordination of central economic strategies.Webb shows that since 1945 there has been a crucial shift in the pattern of international collaboration. He focuses on three types of adjustment policy: trade and capital controls, balance-of-payment lending and intervention in foreign-exchange markets, and monetary and fiscal policies. Noting that the first two types are no longer effective, he demonstrates that governments now rely more on monetary and fiscal policy coordination to regulate the global economy.As the expansion of international finance created greater turbulence in the global economy in the 1980s, the liberal system of international trade threaten

Author

Michael C. Webb

Publisher

Ithaca: Cornell University Press

Published

1995

Language

EN

ISBN

9780801429293

Subjects

Political Science, Economics, Business