Economic Policy in the Age of Globalisation

Analysis of both the principles and techniques of public intervention in a global economy.

Nicola Acocella (Author), Brendan Jones (Translated by)

9780521540384, Cambridge University Press

Paperback, published 17 February 2005

540 pages, 33 tables
24.8 x 17.5 x 3.4 cm, 1.053 kg

In the age of globalisation both domestic and foreign economic policies play an important role in determining firms' strategies. Understanding such policies is an essential part of the cultural background of managers at all levels of a firm. At the same time, firms' choices have a greater impact on economic policymaking in a global economy, as the range of alternatives open to them expands. In this textbook, Professor Acocella analyses both sides of this relationship. Special emphasis is placed on current issues: in policymaking on the basis of social choice principles and the normative and positive theory of economic policy; and issues concerning the establishment of international public institutions that can match the global reach of the private institutions (markets and firms) that generate many of today's economic challenges. Broad in scope, this book is aimed at students who have completed an introductory course in both micro and macroeconomics.

Preface
List of symbols
1. Introduction
Part I. The Market, Efficiency and Equity: 2. Market failures: microeconomic aspects
3. Market failures: macroeconomic aspects
Part II. Normative and Positive Theory of Economic Policy: 4. The normative theory of economic policy
5. Government failures: elements of a positive theory of economic policy
Part III. Microeconomic Policies: 6. Property rights, corporate governance and public enterprises
7. Competition policies. Policies for externalities and public goods
8. Industrial and regional policies. Redistributive policies
9. Social choice and cost-benefit analysis
Part IV. Macroeconomic Policies: 10. Macroeconomic schemes of analysis in an open economy
11. Macroeconomic objectives and monetary policy
12. Macroeconomic objectives and fiscal policy
13. Incomes and price policies
14. Balance of payments policies
15. Trade policies: free trade and protectionism
Part V. Private and Public Institutions in an International Setting: 16. Monetary systems and exchange rate regimes
17. Development and trade organisations
18. Regional public institutions: the European Union
Part VI. Globalisation and the Quest for a New Institutional Setting: 19. The internationalisation of private institutions: the globalisation of markets and production
20. The challenges of globalisation for public policies
List of references
List of boxes
Author index
Subject index.

Subject Areas: International business [KJK], Business & management [KJ], International economics [KCL], Microeconomics [KCC], Macroeconomics [KCB], Globalization [JFFS]