The Next Great Globalization

The Next Great Globalization
Author :
Publisher : Princeton University Press
Total Pages : 321
Release :
ISBN-10 : 9781400829446
ISBN-13 : 1400829445
Rating : 4/5 (445 Downloads)

Book Synopsis The Next Great Globalization by : Frederic S. Mishkin

Download or read book The Next Great Globalization written by Frederic S. Mishkin and published by Princeton University Press. This book was released on 2009-10-08 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Many prominent critics regard the international financial system as the dark side of globalization, threatening disadvantaged nations near and far. But in The Next Great Globalization, eminent economist Frederic Mishkin argues the opposite: that financial globalization today is essential for poor nations to become rich. Mishkin argues that an effectively managed financial globalization promises benefits on the scale of the hugely successful trade and information globalizations of the nineteenth and twentieth centuries. This financial revolution can lift developing nations out of squalor and increase the wealth and stability of emerging and industrialized nations alike. By presenting an unprecedented picture of the potential benefits of financial globalization, and by showing in clear and hard-headed terms how these gains can be realized, Mishkin provides a hopeful vision of the next phase of globalization. Mishkin draws on historical examples to caution that mismanagement of financial globalization, often aided and abetted by rich elites, can wreak havoc in developing countries, but he uses these examples to demonstrate how better policies can help poor nations to open up their economies to the benefits of global investment. According to Mishkin, the international community must provide incentives for developing countries to establish effective property rights, banking regulations, accounting practices, and corporate governance--the institutions necessary to attract and manage global investment. And the West must be a partner in integrating the financial systems of rich and poor countries--to the benefit of both. The Next Great Globalization makes the case that finance will be a driving force in the twenty-first-century economy, and demonstrates how this force can and should be shaped to the benefit of all, especially the disadvantaged nations most in need of growth and prosperity.


The Next Great Globalization Related Books

The Next Great Globalization
Language: en
Pages: 321
Authors: Frederic S. Mishkin
Categories: Business & Economics
Type: BOOK - Published: 2009-10-08 - Publisher: Princeton University Press

GET EBOOK

Many prominent critics regard the international financial system as the dark side of globalization, threatening disadvantaged nations near and far. But in The N
The Great Convergence
Language: en
Pages: 340
Authors: Richard Baldwin
Categories: Business & Economics
Type: BOOK - Published: 2016-11-14 - Publisher: Harvard University Press

GET EBOOK

An Economist Best Book of the Year A Financial Times Best Economics Book of the Year A Fast Company “7 Books Microsoft CEO Satya Nadella Says You Need to Lead
The Levelling
Language: en
Pages: 363
Authors: Michael O'Sullivan
Categories: Business & Economics
Type: BOOK - Published: 2019-05-28 - Publisher: PublicAffairs

GET EBOOK

A brilliant analysis of the transition in world economics, finance, and power as the era of globalization ends and gives way to new power centers and institutio
Thirty Tomorrows
Language: en
Pages: 353
Authors: Milton Ezrati
Categories: Business & Economics
Type: BOOK - Published: 2014-04-08 - Publisher: Macmillan

GET EBOOK

Explains how aging populations in the developed world are threatening the American way of life, offering advice on how to positively and profitably respond to k
The Next Great Globalization
Language: en
Pages: 328
Authors: Frederic S. Mishkin
Categories: Finance
Type: BOOK - Published: 2008 - Publisher: Pearson Education India

GET EBOOK

Many prominent critics regard the international financial system as the dark side of globalization, threatening disadvantaged nations near and far. But in "The