Global Instability - The Political Economy of World Economic Governance (Hardcover, Reissue)

This volume examines the problems besetting the world economy in the era of globalization and outlines possible solutions. The contributors reject the current orthodoxy in mainstream economics, challenging the fatalistic belief that the new globalized economy resists any change of course. The contributors demonstrate how contemporary forms of instability, from speculative capital movements to debt crises, can be offset by a more effective global financial regime. Issues covered include: international economic institutions and contemporary problems; the Asian crises of 1997-8 and their implications; and the economic consequences of globalization. "Global Instability" collects the reflections of leading economic thinkers, including Philip Arestis, Gerald Epstein, Ilene Grabel, Malcolm Sawyer, Ajit Singh and John Smithin.