Economic Policy in the Age of Globalisation

ISBN-13: 9780521540384 / Angielski / Miękka / 2005 / 540 str.

Nicola Acocella; Brendan Jones

Opis

In the age of globalization, both domestic and foreign economic policies play an important role in determining firms' strategies. At the same time, firms' choices have a greater impact on economic policymaking in a global economy, as the range of alternatives open to them expands. Nicola Acocella analyzes both sides of this relationship and places special emphasis on current issues. Broad in scope, this book is aimed at students who have completed an introductory course in both micro- and macro-economics.

Spis treści

Preface; List of symbols; 1. Introduction; Part I. The Market, Efficiency and Equity: 2. Market failures: microeconomic aspects; 3. Market failures: macroeconomic aspects; Part II. Normative and Positive Theory of Economic Policy: 4. The normative theory of economic policy; 5. Government failures: elements of a positive theory of economic policy; Part III. Microeconomic Policies: 6. Property rights, corporate governance and public enterprises; 7. Competition policies. Policies for externalities and public goods; 8. Industrial and regional policies. Redistributive policies; 9. Social choice and cost-benefit analysis; Part IV. Macroeconomic Policies: 10. Macroeconomic schemes of analysis in an open economy; 11. Macroeconomic objectives and monetary policy; 12. Macroeconomic objectives and fiscal policy; 13. Incomes and price policies; 14. Balance of payments policies; 15. Trade policies: free trade and protectionism; Part V. Private and Public Institutions in an International Setting: 16. Monetary systems and exchange rate regimes; 17. Development and trade organisations; 18. Regional public institutions: the European Union; Part VI. Globalisation and the Quest for a New Institutional Setting: 19. The internationalisation of private institutions: the globalisation of markets and production; 20. The challenges of globalisation for public policies; List of references; List of boxes; Author index; Subject index.