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Governing Globalization
Issues and Institutions
Edited by Deepak Nayyar
408 pages
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numerous figures and tables
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234x156mm
978-0-19-925403-3
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Hardback
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18 July 2002
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This item is printed to order and supplied on a firm sale basis. Items which are printed to order are normally despatched and charged within 5-10 days.
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- First in-depth examination of the past and future governance needs of the world economy
- Comprehensive analysis of the emerging issues and the existing institutions for global governance
- Fresh new theories
- Distinguished team of contributors including Nobel Laureate Joseph Stiglitz
It is now more than fifty years since the United Nations system and the Bretton Woods institutions were created. The world has changed since then, and so have its governance needs in terms of institutions and rules. It is time to think about the contours of institutions and governance that would meet the needs of the world economy, and also polity, at least for the first quarter of the twenty-first century. This book is the first to examine the subject in depth.
The study is divided into four parts. The first situates the subject in the wider context of globalization which has shaped development in the world economy,
affected the living conditions of people, and constrained the role of nation states. The international context and the national setting are explored. The second part analyses some issues of emerging significance in the contemporary world, such as global macroeconomic management, transnational corporations, international capital flows, and cross-border movements of people, to suggest that there are some missing institutions which are needed. The third part provides a critical evaluation of the existing institutions, in retrospect, with a focus on the UN, the IMF, the World Bank, and the WTO. It analyses how existing rules need to be modified or existing institutions need to be restructured to meet the present and future needs of global governance. The fourth part explores some important
elements of governance which are critical for any vision of the future. It suggests some changes in existing institutions and points to emerging governance needs where new institutions may have to be created.
This authoritative volume will be of enormous value to readers with an interest in international economics, development economics, and international relations. It will also be of immense value to practitioners, both policy-makers and diplomats, concerned with problems of global governance, and should become the standard reference on the subject.
Readership: Academics and graduate students in economics, political science, and international relations; policymakers, diplomats,
journalists, and NGOs
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Edited by Deepak Nayyar, Vice-Chancellor, University of Delhi Contributors:
Yilmaz Akyüz (UNCTAD, Geneva)
Amit Bhaduri (Jawaharlal Nehru University, Delhi)
Andrew Cornford (UNCTAD, Geneva)
Richard Falk (Princeton University)
Gerald K. Helleiner (University of Toronto)
Devesh Kapur (Harvard University)
Sanjaya Lall (University of Oxford)
Deepak Nayyar (University of Delhi)
José Antonio Ocampo (ECLAC, Santiago)
S. P. Shukla (Independent Consultant, Delhi)
Joseph E. Stiglitz (Columbia University)
Lance Taylor (New School
University, New York)
Jong-Il You (Korea Development Institute, Seoul)
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Part I: Context
1: Deepak Nayyar: Introduction
2: Amit Bhaduri: Nationalism and Economic Policy in the Era of Globalization
Part II: Issues
3: Lance Taylor: Global Macroeconomic Management
4: Sanjaya Lall: Transnational Corporations and Technology Flows
5: Yilmaz Akyüz and Andrew Cornford: Capital Flows to Developing Countries and the Reform of the International Financial System
6: Deepak Nayyar: Cross-Border Movements of People
Part III: Institutions
7: Richard Falk: The United Nations System: Prospects for Renewal
8: Jong-Il You: The Bretton Woods Institutions: Evolution, Reform, and Change
9: Joseph E. Stiglitz: Globalization and the Logic of International Collective Action: Re-examining the Bretton Woods Institutions
10: S. P. Shukla: From GATT to WTO and Beyond
Part IV: Governance
11: José Antonio Ocampo: Reforming the International Financial Architecture: Consensus and Divergence
12: G. K. Helleiner: Developing Countries in Global Economi Governance and Negotiation Processes
13: Devesh Kapur: Processes of Change in International Organizations
14: Deepak Nayyar: The Existing System and the Missing Institutions
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