The Next Great Globalization PDF ePub eBook

Books Info:

The Next Great Globalization free pdf Many prominent critics regard the international financial system as the dark side of globalization, threatening disadvantaged nations near and far. But in The Next Great Globalization, eminent economist Frederic Mishkin argues the opposite: that financial globalization today is essential for poor nations to become rich. Mishkin argues that an effectively managed financial globalization promises benefits on the scale of the hugely successful trade and information globalizations of the nineteenth and twentieth centuries. This financial revolution can lift developing nations out of squalor and increase the wealth and stability of emerging and industrialized nations alike. By presenting an unprecedented picture of the potential benefits of financial globalization, and by showing in clear and hard-headed terms how these gains can be realized, Mishkin provides a hopeful vision of the next phase of globalization. Mishkin draws on historical examples to caution that mismanagement of financial globalization, often aided and abetted by rich elites, can wreak havoc in developing countries, but he uses these examples to demonstrate how better policies can help poor nations to open up their economies to the benefits of global investment. According to Mishkin, the international community must provide incentives for developing countries to establish effective property rights, banking regulations, accounting practices, and corporate governance--the institutions necessary to attract and manage global investment. And the West must be a partner in integrating the financial systems of rich and poor countries--to the benefit of both. The Next Great Globalization makes the case that finance will be a driving force in the twenty-first-century economy, and demonstrates how this force can and should be shaped to the benefit of all, especially the disadvantaged nations most in need of growth and prosperity.

About Frederic S. Mishkin

Frederic S. Mishkin is Alfred Lerner Professor of Banking and Financial Institutions at the Columbia University Graduate School of Business, a research associate at the National Bureau of Economic Research, and a member of the Federal Reserve's board of governors. He is the author of many books, including "Monetary Policy Strategy" (MIT), "The Economics of Money, Banking, and Financial Markets" and (with Ben S. Bernanke, Thomas Laubach, and Adam S. Posen) "Inflation Targeting" (Princeton).

Details Book

Author : Frederic S. Mishkin
Publisher : Princeton University Press
Data Published : 03 January 2008
ISBN : 0691136416
EAN : 9780691136417
Format Book : PDF, Epub, DOCx, TXT
Number of Pages : 320 pages
Age + : 15 years
Language : English
Rating :

Reviews The Next Great Globalization



17 Comments Add a comment




Related eBooks Download


  • The Next Great Globalization free pdfThe Next Great Globalization

    Many prominent critics regard the international financial system as the dark side of globalization. threatening disadvantaged nations near and far. But in The Next Great Globalization. eminent economist Frederic Mishkin argues the opposite: that financial globalization today is essential for poor nations to become rich..


  • Smart Globalization free pdfSmart Globalization

    Today's globalization debates pit neoliberals. who favour even deeper integration into the global economy. against neo-mercantilists. who call for a relatively selective approach to globalization and the return to more interventionist industrial policies..


  • Globalization in Historical Perspective free pdfGlobalization in Historical Perspective

    As awareness of globalization grows. so too does our need to understand it historically. This volume is one of the few to consider globalization in the context of the history of international trade..


  • Globalization and History free pdfGlobalization and History

    Presents a picture of trade. migration and international capital flows in the Atlantic economy in the century prior to 1914. The book estimates the extent of globalization and its impact on the participating countries..


  • Globalization and Politics free pdfGlobalization and Politics

    The final set of the Central Currents in Globalization series starts off with two volumes that focus on the politics of globalization from 'above' and 'below'. The first volume considers the idea of global political governance..


  • The Next Great Globalization free pdfThe Next Great Globalization

    . Many prominent critics regard the international financial system as the dark side of globalization, threatening disadvantaged nations near and far. But in The Next Great Globalization, eminent econo