The cost of free money
how unfettered capital threatens our economic future
- ISBN: 9780300244045
- Editorial: Yale University Press
- Fecha de la edición: 2020
- Lugar de la edición: New Haven. Estados Unidos de Norteamérica
- Encuadernación: Cartoné
- Medidas: 24 cm
- Nº Pág.: 299
- Idiomas: Inglés
A penetrating account of how unchecked capital mobility is damaging international cooperation, polarizing the economic landscape, and ultimately reshaping the global order
When it comes to the afflictions of the global economy, almost everyone-and especially Donald Trump-is quick to point the finger of blame at the state of international trade. But what about unconstrained capital flows? Unfettered capital has resulted in a string of financial and economic crises that have left our political systems strained and dialogue corroded. The once perceived benefits of openness have been cast to the wayside and the cracks in the global order can no longer be ignored.
Paola Subacchi argues that international cooperation and interdependence have become crippled. Regional restrictions will soon strengthen and a multipolar order will take shape, leading to a distinctly transformed economic landscape in which China challenges the dominance of the US dollar. Combining history, analysis, and prediction, this book provides penetrating insight into the challenges facing the international economic order.
Chapter 1. We've never had it so good
Chapter 2. Everything started at Bretton Woods
Chapter 3. A world of crises
Chapter 4. Playing the dollar game
Chapter 5. Europe struggles with integration
Chapter 6. Showing the cracks
Chapter 7. Being China
Chapter 8. Building a resilient framework
Chapter 9. An alternative system?
Chapter 10. Poles apart
The end of the story.