Challenges of Globalization

Challenges of Globalization

Imbalances and Growth

eBook - 2008
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Columbia Univ Pr
With high growth rates in Asia, most notably in China, India, and Southeast and Central Asia, Eurasia's economic center of gravity is rapidly shifting to the East. At the same time, most of Europe faces serious barriers to growth in the long term. The volume examines the causes and consequences of this major shift in economic power and considers the options available to policymakers in various parts of Europe and Asia. The ten chapters in this book focus on long-term challenges of globalization rather than short-term problems of individual countries and explore two themes: global macroeconomic imbalances and growth. This work is based on a CASE-Center for Social and Economic Research and CASE-Ukraine conference.

Book News
Aslund (Peterson Institute for International Economics, US) and Dabrowski (chairman, Supervisory Council of the Center for Social and Economic Research, Poland) laud the economic growth that they see as a result of economic globalization but worry about significant macroeconomic imbalances that it has engendered. They present ten papers that explore these imbalances and possible solutions. Contributions discuss the large current account deficits of Central Europe, current account deficits in Europe's Economic and Monetary Union, a new model for analyzing balance of payments in an integrated world economy, the United States external deficit and its connection to US savings and investment, the Chinese account surplus and its connection to the country's financial system, potential roadblocks to smooth European-Chinese economic relations, and the impact of national institutional differences on economic growth. Annotation ©2009 Book News, Inc., Portland, OR (

Peterson Inst for Intl Economics
Examines the causes and consequences of the shift in economic power caused by high growth rates in Asia and the shifting of Eurasia's economic center of gravity.

Publisher: Washington, DC : Peterson Institute for International Economics, Center for Social and Economic Research, 2008
ISBN: 9781435664845
Characteristics: 1 online resource (xii, 284 pages) : illustrations


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