EAN: 9783319579023

DEVELOPED NATIONS AND THE ECONOMIC IMPACT OF GL...

This book discusses the economic and geopolitical effects of globalization from historical and
institutional perspectives. While it has had unintended consequences  such as displacing
developed countries' dominance of production markets  the overall benefits of globalization far
outweigh the costs. Moak argues that leading developed nations should not fear globalization
but  instead  make concerted efforts to promote it in order to keep the cost-benefit balance
weighing in favor of economic enhancement and geopolitical stability. Having incurred huge
private and public debts as well as a weak monetary policy posture  many developed nations have
been unable to recovery from the 2008 financial crisis. Moreover  geopolitical tensions are
rising due to the power rivalry between the United States  China  and Russia over a host issues
including trade imbalances and geopolitics. This book aims to provide stakeholders with the
relevant and necessary information to hold an objective debate on globalization. Ultimately 
this book is about globalization- what it is  how it impacts the global economy and polity  and
why it is needed now more than any other time in human history.

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