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| 1 |
ID:
180374
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| Summary/Abstract |
Economic globalization never proceeded in a smooth steady trajectory. The current international economy, organized around liberal principles, faces potential problems unleashed by the COVID-19 pandemic. Two popular theoretical approaches offer varying reasons for the survivability of the contemporary order. One stresses the benefits associated with participating in liberal international orders, claiming such arrangements are essentially self-sustaining. The rival view emphasizes the uneven distribution of gains, emphasizing the role of leadership, especially for dampening crises. To examine the support for each argument, I examine the evolution of international monetary arrangements. International monetary orders lie at the heart of liberal international economies; no prior liberal monetary order has proven self-sustaining. Liberal international monetary sub-orders depend upon leadership as much as cooperation for their survival—leaders exert efforts to shape followers' actions so long as the leader draws sufficient benefits to make such efforts worthwhile. The economic disruption caused by the COVID-19 pandemic provides the latest illustration of this point, though these arguments also suggest experiences across issue-areas will vary.
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| 2 |
ID:
094633
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| Publication |
London, Routledge, 2010.
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| Description |
158p.
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| Standard Number |
9780415493673
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Copies: C:1/I:0,R:0,Q:0
Circulation
| Accession# | Call# | Current Location | Status | Policy | Location |
| 054835 | 327.1120904/BRA 054835 | Main | On Shelf | General | |
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| 3 |
ID:
080156
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| 4 |
ID:
093697
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| Publication |
2009.
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| Summary/Abstract |
Economic theory suggests that trade liberalization rewards relatively abundant factors of production - labor in most economically developing countries. In South Africa, trade liberalization has not benefited the locally abundant factor (unskilled labor). Instead, unemployment remains stubbornly high. The legacy of apartheid explains this surprising result; apartheid distorted factor markets (including patterns in land ownership, unionization, investment, infrastructural development and more). The gains from trade will remain elusive unless the Government engages in policies targeting flexibility in factor markets to support trade adjustment. ANC governments have introduced some policies along these lines, but have refrained from taking on certain politically powerful constituencies within their own party.
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