|
|
|
The Next Great Globalization
|
Reviews; Posted on: 2008-10-03 16:15:53 [ Printer friendly / Instant flyer ]
|
A blueprint for poor nations to rely on rich nations.
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.
Frederic S. Mishkin is Alfred Lerner Professor of Banking and Financial
Institutions at the Columbia University Graduate School of Business, a
research associate at the National Bureau of Economic Research, and a
member of the Federal Reserve's board of governors. He is the author of
many books, including "Monetary Policy Strategy" (MIT), "The Economics
of Money, Banking, and Financial Markets" and (with Ben S. Bernanke,
Thomas Laubach, and Adam S. Posen) "Inflation Targeting" (Princeton).
Continue...
|
|
News Source: bokkilden
|
|
