Trade and Openness During the Great Depression and the Great Recession
Chapter 5: Is Deglobalization Good or Bad?
Discusses problems, biases and incompleteness of the debate on (de)globalization. Deals with often forgotten costs including efficiency, external effects, adjustment and coordination costs (both internationally and internationally). Provides a balanced discussion of the economics underpinning strategies and proposals to limit globalization. Deals with normative proposals in the field of development studies by Bello and national security related neomercatilistic theories. Discusses the Liberal Peace and its critics. Provides an analysis of the marginal costs and benefits of reglobalization and deglobalization.
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