The Creation and Destruction of Value: The Globalization Cycle

The Creation and Destruction of Value: The Globalization Cycle

By: Dr. Harold James (author)Paperback

Up to 2 WeeksUsually despatched within 2 weeks

£11.59 RRP £11.95  You save £0.36 (3%) & FREE Saver Delivery on orders over £20

Description

Harold James examines the vulnerability and fragility of processes of globalization, both historically and in the present. This book applies lessons from past breakdowns of globalization-above all in the Great Depression-to show how financial crises provoke backlashes against global integration: against the mobility of capital or goods, but also against flows of migration. By a parallel examination of the financial panics of 1929 and 1931 as well as that of 2008, he shows how banking and monetary collapses suddenly and radically alter the rules of engagement for every other type of economic activity. Increased calls for state action in countercyclical fiscal policy bring demands for trade protection. In the open economy of the twenty-first century, such calls are only viable in very large states-probably only in the United States and China. By contrast, in smaller countries demand trickles out of the national container, creating jobs in other countries. The international community is thus paralyzed, and international institutions are challenged by conflicts of interest. The book shows the looming psychological and material consequences of an interconnected world for people and the institutions they create.

About Author

Harold James is the Claude and Lore Kelly Professor in European Studies and Professor of History and International Affairs at Princeton University.

Contents

* Acknowledgments * Introduction * The End of Globalization: A Millennial Perspective * Which Historical Analogy Applies, 1929 or 1931? * The Crash of 2008: The Weekends That Made History * The Extent and Limit of the Financial Revolution * The Importance of Power Politics * Uncertainty of Values * Notes * Index

Product Details

  • ISBN13: 9780674066182
  • Format: Paperback
  • Number Of Pages: 336
  • ID: 9780674066182
  • ISBN10: 0674066189

Delivery Information

  • Saver Delivery: Yes
  • 1st Class Delivery: Yes
  • Courier Delivery: Yes
  • Store Delivery: Yes

Prices are for internet purchases only. Prices and availability in WHSmith Stores may vary significantly

Close