Globalization's Limits

Conflicting National Interests in Trade and Finance

Business & Finance, Management & Leadership, Management
Cover of the book Globalization's Limits by Dimitris N. Chorafas, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Dimitris N. Chorafas ISBN: 9781317126843
Publisher: Taylor and Francis Publication: April 22, 2016
Imprint: Routledge Language: English
Author: Dimitris N. Chorafas
ISBN: 9781317126843
Publisher: Taylor and Francis
Publication: April 22, 2016
Imprint: Routledge
Language: English

So far there has been only praise for globalization. However, the export wave of China’s manufacturing machine and, more recently, the Global financial crisis show that globalization has limits. Globalization, the internationalization of trade, and financial integration are having enormous implications for businesses as well as for the whole economies of countries or blocks of countries. In this book Dr Chorafas argues that research is now producing evidence that there are limits to such globalization and amalgamation and that these need to be better defined and understood if some of the problems now being identified are to be prevented from applying the brakes, or worse, putting the process into reverse gear. The author examines the impact on countries such as the United States and European Union of occurrences like China's emergence as a massive manufacturing platform and the distortions of trade that result, affecting countries' GDP and creating problems such as uncontrollable current account deficits. He also considers the effect of Sovereign Wealth Funds as new entrants on the scene. These, he argues, are seen by some as 'the Trojan horses of state capitalism', particularly in what he defines as the 'absence of a global sheriff'. Globalization’s Limits looks at the EU and the Euroland as a test of globalization. The conclusions Chorafas draws about the effect on member states of pan-European banking, and the Euro as common currency, have implications for Britain and for the rest of the world. Issues relating to missed opportunities and leadership beg questions such as 'Who, if anybody, is or should be in charge of global monetary policy?

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

So far there has been only praise for globalization. However, the export wave of China’s manufacturing machine and, more recently, the Global financial crisis show that globalization has limits. Globalization, the internationalization of trade, and financial integration are having enormous implications for businesses as well as for the whole economies of countries or blocks of countries. In this book Dr Chorafas argues that research is now producing evidence that there are limits to such globalization and amalgamation and that these need to be better defined and understood if some of the problems now being identified are to be prevented from applying the brakes, or worse, putting the process into reverse gear. The author examines the impact on countries such as the United States and European Union of occurrences like China's emergence as a massive manufacturing platform and the distortions of trade that result, affecting countries' GDP and creating problems such as uncontrollable current account deficits. He also considers the effect of Sovereign Wealth Funds as new entrants on the scene. These, he argues, are seen by some as 'the Trojan horses of state capitalism', particularly in what he defines as the 'absence of a global sheriff'. Globalization’s Limits looks at the EU and the Euroland as a test of globalization. The conclusions Chorafas draws about the effect on member states of pan-European banking, and the Euro as common currency, have implications for Britain and for the rest of the world. Issues relating to missed opportunities and leadership beg questions such as 'Who, if anybody, is or should be in charge of global monetary policy?

More books from Taylor and Francis

Cover of the book Emotions and Anxiety (PLE: Emotion) by Dimitris N. Chorafas
Cover of the book Glossary Of Ancient Egyptian Nautical Terms by Dimitris N. Chorafas
Cover of the book Ways of Meeting and the Theology of Religions by Dimitris N. Chorafas
Cover of the book Japanese Firms in Europe by Dimitris N. Chorafas
Cover of the book The Materiality of Writing by Dimitris N. Chorafas
Cover of the book The Child by Dimitris N. Chorafas
Cover of the book Planning and Designing Healthcare Facilities by Dimitris N. Chorafas
Cover of the book Race and the Production of Modern American Nationalism by Dimitris N. Chorafas
Cover of the book Centralised Enforcement, Legitimacy and Good Governance in the EU by Dimitris N. Chorafas
Cover of the book Educational Leadership for Transformation and Social Justice by Dimitris N. Chorafas
Cover of the book China’s Literary and Cultural Scenes at the Turn of the 21st Century by Dimitris N. Chorafas
Cover of the book Presentations with PowerPoint by Dimitris N. Chorafas
Cover of the book Classic American Popular Song by Dimitris N. Chorafas
Cover of the book Walter Scott by Dimitris N. Chorafas
Cover of the book History Class Revisited by Dimitris N. Chorafas
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy