Economic Governance in the Age of Globalization - Hardcover

Tabb, William

Hardcover

ISBN 10: 0231131542 ISBN 13: 9780231131544

Publisher: Columbia University Press, 2004

Synopsis

Rapid growth, reduced poverty, and stable societies: the announced benefits of the world economy celebrated by neoliberal proponents of "the Washington consensus" have failed to materialize. What does this failure mean for future world order and the U.S. role as global hegemon? Addressing this crucial question, William Tabb argues that global economic institutions such as the World Bank and the International Monetary Fund constitute a nascent international state for which all previous models of sovereignty, accountability and equity are inadequate. Integrating economics and political science, Tabb traces the emergence of this global state from the closing days of World War II and examines its future prospects.

Even as the United States will continue to dominate the emerging structures of world governance, Tabb maintains, it will have to change the assumptions behind its championing of classical models of international free trade. A new financial architecture must encompass debt forgiveness, multilateral agreements on investment, and a more inclusive model of growth in the twenty-first century.

About this title

Book Description

Tabb argues that global economic institutions such as the World Bank and the International Monetary Fund constitute a nascent international state for which all previous models of sovereignty, accountability and equity are inadequate. Integrating economics and political science, he traces the emergence of this global state from the closing days of World War II and examines its future prospects.

About the Author

William K. Tabb is professor of economics at Queens College and (sometimes) professor of political science at the Graduate School of the City University of New York. His previous books include The Amoral Elephant, Reconstructing Political Economy, and The Postwar Japanese System.

About this edition

• Publisher: Columbia University Press
• Publication date: 2004
• ISBN 10: 0231131542
• ISBN 13: 9780231131544
• Binding: Hardcover
• Number of pages: 528