To solve this issue, we see an increasing role for economic diplomacy. Domestic policy influences the economies of trading partners, which should remind us that all countries are in this together and therefore need to work jointly to find a solution in the G20, International Monetary Fund (IMF), EU or any other multilateral framework that offers the opportunity to ensure strong, balanced and sustainable growth. 20 20. See P.A.G. van Bergeijk, On the Brink of Deglobalization: An Alternative Perspective on the Causes of the World Trade Collapse (Cheltenham: Edward Elgar, 2010); and S.J. Evenett, B.M. Hoekman and O. Cattaneo (eds), The Fateful Allure of Protectionism: Taking Stock for the G8 (London: World Bank and CEPR, 2009).
Showing posts from November, 2011
- Other Apps
Veronica Rappoport of Columbia University published a 2+ page review in the Journal of Economic Literature. Vol. XLIX (September 2011), 747-9 The review is highly critical and thus recommended for further reading: ... he consciously maintains an intuitive analysis, avoiding overtheoretical arguments and overlooking thoroughness in favor of clarity in the empirical sections. This goal is not always achieved; important points are often ignored or lost in spurious details, and the most up-to-date evidence is either absent or misrepresented. As a result, this book fails to serve as a survey on the empirical work on the Great Trade Collapse or as a bridge between scholarly work and the general audience. The review gives three concrete examples of literature that was not included: Chor, Davin, and Kalina Manova. 2010. “Off the Cliff and Back? Credit Conditions and International Trade during the Global Financial Crisis.” National Bureau of Economic Research Working Paper 16