The Global Economy: Contemporary Debates

by Oatley; Thomas

• ISBN13: 9780321243775
• ISBN10: 0321243773
• Format: Paperback
• Copyright: 2004-11-11
• Publisher: Routledge

Summary

The Global Economy: Contemporary Debatesintroduces students to contemporary issues in the global economy by presenting a series of provocative articles written by prominent voices. This innovative text examines attempts to shape opinion and influence public policy rather than simply surveying academic literature or promoting a theoretical argument. There is no other text quite like this on the market-most texts discuss theoretical aspects while Oatley challenges students to take a perspective. This debate-style approach encourages students to think actively and develop a point of view.

Table of Contents

PREFACE	xiii
PART I Introduction	1	(8)
PART II The Economic Impact of International Trade	9	(54)
CHAPTER 1 TRADE AND JOBS IN THE UNITED STATES	11	(24)
ROBERT E. SCOTT
Fast Track to Lost Jobs	13	(14)
DOUGLAS A. IRWIN
The Employment Rationale for Trade Protection	27	(8)
CHAPTER 2 MEXICO AND THE NORTH AMERICAN FREE TRADE AGREEMENT	35	(8)
JOHN CAVANAGH, SARAH ANDERSON, JAIME SERRA, AND J. ENRIQUE ESPINOSA
Happily Ever NAFTA?	37	(6)
CHAPTER 3 TRADE INTEGRATION AND ECONOMIC DEVELOPMENT	43	(20)
DAVID DOLLAR AND AART KRAAY
Spreading the Wealth	46	(9)
DANI RODRIK
Trading in Illusions	55	(8)
PART III The World Trade Organization	63	(106)
CHAPTER 4 THE DOHA DEVELOPMENT ROUND	65	(18)
The Doha Round: The WTO Under Fire	68	(15)
JAGDISH BHAGWATI
Don't Cry for Cancun	74	(9)
CHAPTER 5 THE WORLD TRADE ORGANIZATION AND THE ENVIRONMENT	83	(26)
LORI WALLACH AND MICHELLE SFORZA
The WTO's Environmental Impact	86	(15)
MICHAEL M. WEINSTEIN AND STEVE CHARNOVITZ
The Greening of the WTO	101	(8)
CHAPTER 6 THE WORLD TRADE ORGANIZATION AND POLITICAL LEGITIMACY	109	(38)
DANIEL C. ESTY
The World Trade Organization's Legitimacy Crisis	111	(16)
DAVID HENDERSON
WTO 2002: Imaginary Crisis, Real Problems	127	(20)
CHAPTER 7 REGIONALISM AND MULTILATERALISM IN AMERICAN TRADE POLICY	147	(22)
AMBASSADOR ROBERT B. ZOELLICK
Unleashing the Trade Winds: A Building-block Approach	150	(6)
BERNARD K. GORDON
A High-Risk Trade Policy	156	(13)
PART IV Multinational Corporations in the Global Economy	169	(74)
CHAPTER 8 MULTINATIONAL CORPORATIONS AND THE RACE TO THE BOTTOM	171	(30)
DEBORA SPAR AND DAVID YOFFIE
Multinational Enterprises and the Prospects for Justice	174	(19)
DANIEL W. DREZNER
Bottom Feeders	193	(8)
CHAPTER 9 MULTINATIONAL CORPORATIONS AND SWEATSHOPS	201	(24)
PAUL KRUGMAN
In Praise of Cheap Labor: Bad Jobs at Bad Wages are Better than No Jobs at All	204	(4)
JOHN MILLER
Why Economists Are Wrong About Sweatshops and the Antisweatshop Movement	208	(17)
CHAPTER 10 REGULATING MULTINATIONAL CORPORATIONS	225	(18)
GARY GEREFFI, RONIE GARCIA-JOHNSON AND ERIKA SASSER
The NGO-Industrial Complex	228	(8)
DANIEL LITVIN
"Needed: A Global Business Code of Conduct"	236	(7)
PART V Exchange Rates	243	(64)
CHAPTER 11 STRONG DOLLAR OR WEAK DOLLAR?	245	(12)
LAWRENCE LINDSEY
In the Dollar We Trust	247	(4)
C. FRED BERGSTEN
Strong Dollar, Weak Dollar	251	(6)
CHAPTER 12 THE DOLLAR VERSUS THE EURO?	257	(30)
PATRICIA S. POLLARD
The Creation of the Euro and the Role of the Dollar in International Markets	259	(19)
C. FRED BERGSTEN
The Dollar And the Euro	278	(9)
CHAPTER 13 DEVELOPING COUNTRIES AND DOLLARIZATION	287	(20)
RICARDO HAUSMANN
Currencies: Should There Be Five or One Hundred and Five?	290	(8)
JEFFREY SACHSAND FELIPE LARRAIN
Why Dollarization Is More Straitjacket Than Salvation	298	(9)
PART VI Developing Countries and Capital Flows	307	(88)
CHAPTER 14 DEVELOPING COUNTRIES AND CAPITAL FLOWS	309	(12)
JAGDISH BHAGWATI
The Capital Myth	311	(5)
SEBASTIAN EDWARDS
A Capital Idea	316	(5)
CHAPTER 15 THE INTERNATIONAL MONETARY FUND	321	(18)
JOSEPH STIGLITZ
What I Learned at the World Economic Crisis	323	(7)
KENNETH ROGOFF
The IMF Strikes Back	330	(9)
CHAPTER 16 DEBT RELIEF	339	(38)
WILLIAM EASTERLY
Forgive Us Our Debts	342	(13)
JEFFREY D. SACHS
Resolving the Debt Crisis of Low-Income Countries	355	(22)
CHAPTER 17 FOREIGN AID	377	(18)
DAVID DOLLAR
Eyes Wide Open: On the Targeted Use of Foreign Aid	379	(7)
WILLIAM EASTERLY
The Cartel of Good Intentions	386	(9)
PART VII Globalization	395
CHAPTER 18 GLOBALIZATION: WHY NOW, AND WHAT IMPACT?	397	(26)
JEFFREY D. SACHS
The Geography of Economic Development	400	(11)
ROBERT M. DUNN JR
Has the U.S. Economy Really Been Globalized?	411	(12)
CHAPTER 19 GLOBALIZATION AND GOVERNANCE	423
ROBERT WRIGHT
Continental Drift	425	(8)
MARTIN WOLF
Will the Nation-State Survive Globalization?	433