"This is a very
scholarly and well researched book.I think that its chief merits are its timing, the
cogency and plausibility of its arguments, and - its delineation of an alternative to the
suffocating hegemony of laissez-faire. For the last twenty years, neo-liberal arguments
have won largely by default. Now at long last the ideological terrain is being
contested"
Chartist Nov-Dec 1999
In Global Instability,
internationally renowned contributors examine the key problems besetting the world economy
and outline possible solutions.The book reviews:
- international economic
institutions,
- the linked crises which
recently hit Asian economies,
- the implications of
globalisation,
- the role of multinational
investment, the IMF and the World Bank.
This book is a comprehensive
and up-to-date analysis of the contemporary economy written by leading authorities in the
field.
Contents:
List of Figures
List of Tables
List of Contributors
Preface and Acknowledgements, by the Editors
Introduction Jonathan Michie
Part I: The 1997-98 Asian
Crisis
1. 'Asian Capitalism' and
the Financial Crisis Ajit Singh
2. Rejection Exceptionalism:
Reinterpreting the Asian financial crises Ilene Grabel
3. Stabilizing Capital Flows
to Developing Countries Stephany Griffith-Jones with Jenny Klimmis
4. International Finance and
Global Deflation: There is an alternative Thomas I. Palley
Part II: Global Instability
5. Creating International
Credit Rules and the Multilateral Agreement on Investment: What are the alternatives? Elissa
Brauenstein and Gerald Epstein
6. World Trade
Liberalisation: National Autonomy and Gobal Regulation Avadhoot Nadkarni
7. What Role for the Tobin
Tax in World Economic Governance? Philip Arestis and Malcolm Sawyer
Part III: A New Structure
for International Payments
8. Transnational Rules
for Transnational Corporations: What Next? Paz Estrella Tolentino
9. Will the Real IMF Please
Stand Up: What does the Fund do and what should it do? Laurence Harris
10. A World Central Bank? John
Smithin and Bernard M. Wolf
11. A New Bretton Woods:
Reforming the Global Financial System John Grieve Smith
Name and Subject Index
260 pages