Globalization and progressive economic policy

The authors of this book challenge mainstream thinking about the nature of globalization. While not hostile to markets per se, they believe that capitalist market processes, left to operate freely, tend to generate injustice, insecurity, instability, and inefficiency. Taking account of the new realities of globalization, this volume explores an unusually wide range of subjects, including trade integration, multinational corporations, labor markets and migration, international capital flows, macroeconomic and environmental policy, and the central roles of the IMF and World Bank. It proposes alternatives to neo-liberal orthodoxy, developing policy measures that counter the destructive features of markets and promote equality as well as efficiency. The approach in this volume is particularly illuminating for understanding the Asian financial collapse of 1997-98 and similar recent crises. The volume also includes comments on each chapter by a wide range of distinguished economists, producing a lively and often controversial set of interchanges.

Title from publisher's bibliographic system (viewed on 05 Oct 2015).

The revival of the liberal creed: the IMF, the World Bank, and inequality in a globalized economy / Ute Pieper and Lance Taylor -- India: dirigisme, structural adjustment, and the radical alternative / Prabhat Patnaik and C.P. Chandrasekhar -- Globalization, transnational corporations, and economic development: can the developing countries pursue strategic industrial policy in a globalizing world economy? / Ha-Joon Chang -- Multinational corporations in the neo-liberal regime / James Crotty, Gerald Epstein, and Patricia Kelly -- Implications of globalization for macroecnomic theory and policy in developing countries / Amit Bhaduri -- Asia and the crisis of financial globalization / David Felix -- Globalization and financial systems: policies for the new environment / Marc Schaberg -- Housing finance in the age of globalization: from social housing to life-cycle risk / Gary Dymski and Dorene Isenberg -- Openness and equity: regulating labor market outcomes in a globalized economy / Jim Stanford -- Integration and income distribution under the North American Free Trade Agreement: the experience of Mexico / Mehrene Larudee -- Malthus redux? globalization and the environment / Eban Go…