Economic Governance in the Age of Globalization

William K. Tabb

Columbia University Press

Economic Governance in the Age of Globalization

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Pub Date: June 2004

ISBN: 9780231131551

528 Pages

Format: Paperback

List Price: $45.00£37.95

Pub Date: June 2004

ISBN: 9780231131544

528 Pages

Format: Hardcover

List Price: $120.00£99.95

Pub Date: June 2004

ISBN: 9780231505758

528 Pages

Format: E-book

List Price: $44.99£37.95

Economic Governance in the Age of Globalization

William K. Tabb

Columbia University Press

Rapid growth, reduced poverty, and stable societies: the announced benefits of the world economy celebrated by neoliberal proponents of "the Washington consensus" have failed to materialize. What does this failure mean for future world order and the U.S. role as global hegemon? Addressing this crucial question, William Tabb argues that global economic institutions such as the World Bank and the International Monetary Fund constitute a nascent international state for which all previous models of sovereignty, accountability and equity are inadequate. Integrating economics and political science, Tabb traces the emergence of this global state from the closing days of World War II and examines its future prospects.

Even as the United States will continue to dominate the emerging structures of world governance, Tabb maintains, it will have to change the assumptions behind its championing of classical models of international free trade. A new financial architecture must encompass debt forgiveness, multilateral agreements on investment, and a more inclusive model of growth in the twenty-first century.
The best critical analysis of the constructing of current economic governance institutions and agendas. Throughout this analysis Tabb shows us how partial a map of this process has been produced by the main scholarly traditions on the subject. This juxtaposition illuminates the contingent character of the current system and the work that can be done to develop alternative objectives. Saskia Sassen, author of Losing Control? Sovereignty in an Age of Globalization
This is definitely an original and constructive contribution. The book is well written and engaging and the arguments are clear and well formulated. Christopher Chase-Dunn, University of California, Riverside
The book does a wonderful job of laying out the dilemmas of the current incomplete attempts to govern the global economy, placing them in a historical context that allows us to see viable alternatives. Craig N. Murphy, Wellesley College and chair, Academic Council on the U.N. System (2002-2004)
His book is an original contribution to the discussion on the current state of globalization. Oliver Marnet, Journal of Economic Issues
Tabb's manuscript on this subject is not a traditional research monograph... He offers a strong critical assessment of the neoliberal economic agenda. David H. Bearce, International Journal
Up-to-date... unusually well informed about the academic literature across economics, IR, IPE, and security studies. Robert Hunter Wade, Perspectives on Politics
The book clearly identifies links between politics and economics in the age of globalization and puts them in an interesting historical perspective Dirk-Jan Koch, Development and Change
1. Introduction
2. The Verb and the Noun
3. Debating Globalization
4. The Nature and Scope of International Political Economics
5. The Postwar Economic Order and Global State Economic Governance Institutions
6. Clubs, Soft Law and International Financial Institutions
7. Finance: Orthodox and Heterodox
8. The Bretton Woods Institutions
9. Transnational Corporations and Trade Theory
10. From International Trade Organization to World Trade Organization
11. Market Efficiency Versus Labor Rights and Environmental Protection
12. Redecorating and New Architecture
13. The Evolving International Political Economy
References

About the Author

William K. Tabb is professor of economics at Queens College and (sometimes) professor of political science at the Graduate School of the City University of New York. His previous books include The Amoral Elephant, Reconstructing Political Economy, and The Postwar Japanese System.