The World Economy

The process of globalization can be seen in the increase of: trade interdependence, the importance of global multinational corporations, mobility and volatility of capital flows (with dangers demonstrated by the recent Mexican crisis). This globalization creates both dangers and new opportunities, both winners and losers. The parallel growth of regional blocs is equally hazardous, particularly for countries left outside the regional blocs. The book, with contributions by eminent experts, describes the impact of both globalization and regionalization and the relationship between these two dominant trends.

Inhalt
List of Abbreviations - List of Tables - Foreword - The World Economy: Challenges of Globalization and Regionalization; M.Svetlicic & H.Singer - PART 1: TRANSFORMATION OF THE GLOBAL ECONOMY - The Emerging World Economic Order and the Criteria of Acceptability; J.N.Behrman - International Involvement of Autarky? A Simple Analytic Framework; P.Gray - The Discrepancy between National and International Governance; L.Emmerij - Globalization, Economic Integration, and Political Disintegration; M.Svetlicic - The Competitive Potential of Technology-intensive Industries in Developing Countries; Y.Aharoni & S.Hirsh - Economies in Transition and Development Economics - M.Senjur - PART 2: CHALLENGES OF THE REGIONALIZATION OF THE WORLD ECONOMY - Globalization and Regionalization in the 1980s and 1990s; C.Oman - Is a Genuine Partnership Possible in a Western Hemisphere Free Trade Area?; H.Singer - Antagonism or Equanimity: US Multinationals and Regional Trading Blocs; L.T.Wells - Global Competition Molds European Multinationals' Responses to Regionalism; J.M.Stopford - Multilateralism versus Regionalism from a Perspective of the Central and Eastern European Countries; M.Stare - Consequences of European Integration for Developing Countries; E.Scherzer - Index