This title acts as a welcome foil to current thinking on the concept of globalization, which tends to be divided into two distinct camps; one which suggests that the neo-liberal model has triumphed and has no realistic alternative, and another which argues that globalization, in its most extreme form, does not really exist, rather having evolved gradually from the very beginnings of industrialization. indeed there has been a continuum in capitalist development, but that this has been forged by historical processes and the dynamism of the competitive forces of capitalism. Milward identifies...

This text provides comprehensive coverage of the core elements of economic policy, from both microeconomic and macroeconomic approaches. The authors have placed policy in its historical and political context so that readers can appreciate the theoretical roots. In particular, the effects of globalisation and membership of the European Union upon policy are considered. This book will be particularly appropriate for introductory courses on economic policy and economics courses with a particular policy emphasis.