This book examines current issues in the world economic order--employment and international labour markets, volatility in foreign exchange markets, deregulation of financial markets--and asks whether we need new policies and institutions to manage the global economy. Writing from a predominantly Keynesian perspective the contributors suggest a range of policy options.

The demise of the post-war era of full employment has been followed by more than 20 years of global instability. The world economy enters the 21st century with the industrial world divided between the European Union, the North American Free Trade Area, and the Pacific Rim countries. This tripolar division could either form the basis for negotiation and co-operation, or else the sort of instability witnessed in the prelude to the two world wars.
Managing the Global Economy describes the key trends in the world economy, and indicates what new institutional arrangements might be appropriate...