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The New Global Political Economy

From Crisis to Supranational Integration Riccardo Fiorentini, Professor of International Economics, University of Verona, Italy and Guido Montani, Professor of International Political Economy, University of Pavia, Italy
The expert authors provide an in-depth analysis of the causes of the financial crisis and the political economy measures required to build a safer and more stable international order. They show how the financial crisis is deeply rooted in the flaws of the dollar standard and explain why the dollar and globalization should be considered together to understand the present challenges. By way of conclusion, the authors propose the creation of a ‘World Eco-Monetary Union’ with the power to regulate the global economy and to promote sustainable development.
Extent: 256 pp
Hardback Price: $120.00 Web: $108.00
Publication Date: 2012
ISBN: 978 0 85793 404 8
Availability: In Stock
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  • Economics and Finance
  • Financial Economics and Regulation
  • International Economics
  • Money and Banking
  • Political Economy
  • Radical and Feminist Economics
The 2008 financial crisis is arguably the most dramatic outcome of globalization. International economic integration, if unregulated, can bring about huge inequalities and the destruction of the environment. This thought-provoking book illustrates why the ‘old’ international order is unable to provide crucial global public goods such as monetary and financial stability in the fight against mass poverty and climate change.

The expert authors provide an in-depth analysis of the causes of the financial crisis and the political economy measures required to build a safer and more stable international order. They show how the financial crisis is deeply rooted in the flaws of the dollar standard and explain why the dollar and globalization should be considered together to understand the present challenges. By way of conclusion, the authors propose the creation of a ‘World Eco-Monetary Union’ with the power to regulate the global economy and to promote sustainable development.

The new macroeconomic approach presented contributes to the development of a more comprehensive supranational political economy. As such, this challenging book will prove a stimulating read for academics, researchers and students with an interest in economics, heterodox economics, and international economics.
Contents: Preface Part I: Why a Supranational Political Economy? 1. The Invisible Leviathan Part II: Global Imbalances, Income Inequalities and Regional Integration 2. Global Imbalances and the Dollar Standard 3. Globalization and Income Inequalities 4. Multipolarity and Regional Integration Part III: Money and Finance as Supranational Public Goods 5. Money as a Supranational Public Good 6. Finance as a Supranational Public Good References Index