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The Political Economy Of Policy Coordination
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Book Synopsis The Political Economy of Policy Coordination by : Michael C. Webb
Download or read book The Political Economy of Policy Coordination written by Michael C. Webb and published by Cornell University Press. This book was released on 2019-05-15 with total page 291 pages. Available in PDF, EPUB and Kindle. Book excerpt: Michael C. Webb explores a central question about postwar economic history: how has the growth of international markets affected the coordination of economic policy among nations? His analysis overturns the popular assumption that policy coordination has eroded as American hegemony has receded. Instead, he argues that the growing mobility of capital forced governments to abandon the strategies they had used in the 1950s and 60s to insulate monetary and fiscal policies from international influences, and to move toward more direct coordination of central economic strategies. Webb shows that since 1945 there has been a crucial shift in the pattern of international collaboration. He focuses on three types of adjustment policy: trade and capital controls, balance-of-payment lending and intervention in foreign-exchange markets, and monetary and fiscal policies. Noting that the first two types are no longer effective, he demonstrates that governments now rely more on monetary and fiscal policy coordination to regulate the global economy. As the expansion of international finance created greater turbulence in the global economy in the 1980s, the liberal system of international trade threatened to collapse. Webb examines in particular how the United States, Japan, and Germany took unprecedented steps to coordinate monetary and fiscal policies in the late 1980s and early 1990s, although domestic political obstacles—not any decline in U.S. power—limited the impact of this policy coordination. He concludes by assessing the effectiveness of these attempts to reconcile the goal of a stronger liberal system of economic exchange with the desire to maintain national autonomy.
Book Synopsis The Political Economy of International Monetary Policy Coordination by : Jeffry Frieden
Download or read book The Political Economy of International Monetary Policy Coordination written by Jeffry Frieden and published by . This book was released on 2013 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic rationale for international monetary policy coordination is not strong. This is the conclusion, not only of the traditional Mundell-Fleming literature, but also the more recent New Open-Economy Macroeconomics literature on international monetary coordination. Yet a broader political economy approach illustrates that national currency policy can in fact impose non-pecuniary externalities on partner nations. This is especially the case with major policy-driven misalignments, which cannot easily be countered by other governments. For example, one country's substantially depreciated currency can provoke powerful protectionist pressures in its trading partners, so that exchange rate policy spills over into trade policy in potentially damaging ways. Inasmuch as one government's policies create these sorts of costs for other countries, and for the world economy as a whole, there is a case for global governance. This might include some institutionalized mechanism to monitor and publicize substantial currency misalignments.
Book Synopsis The Political Economy of Policy Reform by : John Williamson
Download or read book The Political Economy of Policy Reform written by John Williamson and published by Peterson Institute. This book was released on 1994 with total page 630 pages. Available in PDF, EPUB and Kindle. Book excerpt: Policymakers around the world have increasingly agreed that macroeconomic discipline, microeconomic liberalization, and outward orientation are prerequisites for economic success. But what are the political conditions that make economic transformation possible? At a conference held at the Institute for International Economics, leaders of economic reform recounted their efforts to bring about change and discussed the impact of the political climate on the success of their efforts. In this book, these leaders explore the political conditions conducive to the success of policy reforms. Did economic crisis strengthen the hands of the reformers? Was the rapidity with which reforms were instituted crucial? Did the reformers have a "honeymoon" period in which to transform the economy? The authors answer these and other questions, as well as providing first-hand accounts of the politically charged atmosphere surrounding reform efforts in their countries.
Book Synopsis Political Economy for Public Policy by : Ethan Bueno de Mesquita
Download or read book Political Economy for Public Policy written by Ethan Bueno de Mesquita and published by Princeton University Press. This book was released on 2016-09-06 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ideal introductory textbook to the politics of the policymaking process This textbook uses modern political economy to introduce students of political science, government, economics, and public policy to the politics of the policymaking process. The book's distinct political economy approach has two virtues. By developing general principles for thinking about policymaking, it can be applied across a range of issue areas. It also unifies the policy curriculum, offering coherence to standard methods for teaching economics and statistics, and drawing connections between fields. The book begins by exploring the normative foundations of policymaking—political theory, social choice theory, and the Paretian and utilitarian underpinnings of policy analysis. It then introduces game theoretic models of social dilemmas—externalities, coordination problems, and commitment problems—that create opportunities for policy to improve social welfare. Finally, it shows how the political process creates technological and incentive constraints on government that shape policy outcomes. Throughout, concepts and models are illustrated and reinforced with discussions of empirical evidence and case studies. This textbook is essential for all students of public policy and for anyone interested in the most current methods influencing policymaking today. Comprehensive approach to politics and policy suitable for advanced undergraduates and graduate students Models unify policy curriculum through methodological coherence Exercises at the end of every chapter Self-contained appendices cover necessary game theory Extensive discussion of cases and applications
Download or read book Economic Policy Coordination written by and published by . This book was released on 1988 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Markets and Majorities by : Steven M. Sheffrin
Download or read book Markets and Majorities written by Steven M. Sheffrin and published by . This book was released on 1993 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: When markets work, finding the right economic policy is easy. Government must merely ensure their smooth functioning. But, as Steven M. Sheffrin shows, trouble starts when markets fail to work. Economic failure is too often compounded by political failure in the guise of clumsy partisan regulations. Applying his analysis to seven critical problems - health care, Social Security and Medicare, the environment, the liability crisis, international trade, monetary and international financial policy, and the deficit - Sheffrin pinpoints the market failures at the root of these problems and the heavy-handed regulatory regimes that have exacerbated them, and shows how innovative solutions, sensitive to both market and political failures, can solve them.
Author :Centre for Economic Policy Research (Great Britain) Publisher :CUP Archive ISBN 13 :9780521337809 Total Pages :408 pages Book Rating :4.3/5 (378 download)
Book Synopsis International Economic Policy Coordination by : Centre for Economic Policy Research (Great Britain)
Download or read book International Economic Policy Coordination written by Centre for Economic Policy Research (Great Britain) and published by CUP Archive. This book was released on 1985 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents some of the best current research on international economic policy coordination.
Book Synopsis The Political Economy of International Co-operation by : Paolo Guerrieri
Download or read book The Political Economy of International Co-operation written by Paolo Guerrieri and published by . This book was released on 1988 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the problems of international co-operation which have become central in international political economy.
Book Synopsis The Political Economy of the Common Agricultural Policy by : Fernando Collantes
Download or read book The Political Economy of the Common Agricultural Policy written by Fernando Collantes and published by Routledge. This book was released on 2020-03-19 with total page 122 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is the balance of the European Union’s Common Agricultural Policy more than half a century after its birth? Does it illustrate the virtues of the European model of coordinated capitalism, as opposed to US-style liberal capitalism? Or is it an incoherent set of instruments that exert diverse negative impacts and, like Frankenstein’s monster, seems to have escaped the control of its designers? The Political Economy of the Common Agricultural Policy does not criticize the CAP from the liberal standpoint that views most public interventions in the economy as bad for efficiency and welfare. The CAP has been costly to Europeans, both as consumers and as taxpayers, and has also generated a number of negative impacts upon third countries, but these costs and impacts have been more moderate than is suggested. This book proposes that the issue with the CAP is not a generic problem of coordinating capitalism but, instead, a more specific problem of low-quality coordination. The text argues that profound reform of the European Union’s institutions and policies is required to counter the rapid rise of a more Eurosceptical state of mind but – in the case of agricultural policy – history casts serious doubts on the capacity of the European network of agriculture-related politicians to lead such a reform. This key work is essential reading for researchers, graduate students, and master’s level docents of the Common Agricultural Policy and – more broadly – European Union policy and reform.
Book Synopsis Policy Coordination in the International Political Economy by : David E. Spiro
Download or read book Policy Coordination in the International Political Economy written by David E. Spiro and published by . This book was released on 1989 with total page 1220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis International Coordination of Economic Policies by : International Monetary Fund
Download or read book International Coordination of Economic Policies written by International Monetary Fund and published by International Monetary Fund. This book was released on 1988-06-29 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses the scope, methods, and effects of international coordination of economic policies. In analyzing the scope for and of coordination, the paper addresses the rationale for coordination, barriers to coordination, the range and specificivity of policies to be coordinated, and the frequency of coordination. In evaluating the methods of coordination, the emphasis is on the broad issues of rules versus discretion, single-indicator versus multi-Indicator systems, and hegemonic versus symmetric systems. Finally, using the MULTIMOD global macroeconomic model, some simulations are presented of several rule-based proposals for coordination.
Book Synopsis The Practice of Industrial Policy by : John Page
Download or read book The Practice of Industrial Policy written by John Page and published by Oxford University Press. This book was released on 2017-03-31 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Much of the information relevant to policy formulation for industrial development is held by the private sector, not by public officials. There is therefore fairly broad agreement in the development literature that some form of structured engagement — often referred to as close or strategic coordination — between the public and private sectors is needed, both to assist in the design of appropriate policies and to provide feedback on their implementation. There is less agreement on how that engagement should be structured, how its objectives should be defined, and how success should be measured. In fact, the academic literature on close coordination provides little practical guidance on how governments interested in developing a framework for government—business engagement should go about doing it. The burden of this lack of guidance falls most heavily on Africa, where — despite 20 years of growth — lack of structural transformation has slowed job creation and the pace of poverty reduction. Increasingly, African governments are seeking to design and implement policies to encourage the more rapid growth of high productivity industries and in the process confronting the need to engage constructively with the private sector. These efforts have met with mixed results. For sustained success in structural transformation, new policies and new approaches to government-business coordination will be needed. In 2014 the Korea International Cooperation Agency and UNU-WIDER launched a joint research project on 'The Practice of Industrial Policy'. The objective of the project was to help African policy-makers develop better coordination between the public and private sectors in order to identify the constraints to faster structural transformation and to design, implement, and monitor policies to remove them. This book, written by national researchers and international experts, presents the results of that research.
Book Synopsis The Political Economy of International Relations by : Robert G. Gilpin
Download or read book The Political Economy of International Relations written by Robert G. Gilpin and published by Princeton University Press. This book was released on 2016-03-30 with total page 467 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the end of World War II, the United States, by far the dominant economic and military power at that time, joined with the surviving capitalist democracies to create an unprecedented institutional framework. By the 1980s many contended that these institutions--the General Agreement on Tariffs and Trade (now the World Trade Organization), the World Bank, and the International Monetary Fund--were threatened by growing economic nationalism in the United States, as demonstrated by increased trade protection and growing budget deficits. In this book, Robert Gilpin argues that American power had been essential for establishing these institutions, and waning American support threatened the basis of postwar cooperation and the great prosperity of the period. For Gilpin, a great power such as the United States is essential to fostering international cooperation. Exploring the relationship between politics and economics first highlighted by Adam Smith, Karl Marx, and other thinkers of the eighteenth and nineteenth centuries, Gilpin demonstrated the close ties between politics and economics in international relations, outlining the key role played by the creative use of power in the support of an institutional framework that created a world economy. Gilpin's exposition of the in.uence of politics on the international economy was a model of clarity, making the book the centerpiece of many courses in international political economy. At the beginning of the twenty-first century, when American support for international cooperation is once again in question, Gilpin's warnings about the risks of American unilateralism sound ever clearer.
Book Synopsis Effective Governance and the Political Economy of Coordination by : Dan Greenwood
Download or read book Effective Governance and the Political Economy of Coordination written by Dan Greenwood and published by Springer Nature. This book was released on 2023-08-09 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a conceptual and methodological approach for researchers evaluating governance and policy in the face of complexity, and demonstrates the application of this approach across different governance and policy contexts. It fills a significant gap in the literature on governance, and proposes a theoretical focus on coordination to enable the assessment of multi-tier, cross-sector governance institutions and policy. It also introduces a range of applications for the proposed approach, including two case studies of governance and policy for the built environment and health services. The book introduces, analyses and draws from a range of perspectives in political economy, political science, policy analysis and evaluation. It also engages with longstanding debates in political economy about states and markets, which are largely overlooked by political science analyses of coordination challenges in governance. The book will appeal to scholars and students of governance, public policy and political science.
Book Synopsis International Economic Policy Coordination by : Michael Carlberg
Download or read book International Economic Policy Coordination written by Michael Carlberg and published by Springer Science & Business Media. This book was released on 2005-03-04 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the international coordination of monetary and fiscal policies in the world economy. It carefully discusses the process of policy competition and the structure of policy cooperation. As to policy competition, the focus is on monetary and fiscal competition between Europe and America. Similarly, as to policy cooperation, the focus is on monetary and fiscal cooperation between Europe and America. The spillover effects of monetary policy are negative while the spillover effects of fiscal policy are positive. The policy targets are price stability and full employment. The policy makers follow either cold-turkey or gradualist strategies. Policy expectations are adaptive or rational. The world economy consists of two, three or more regions. The present book is part of a larger research project on European Monetary Union, see the references at the back of the book. Some parts of this project were presented at the World Congress of the International Economic Association in Lisbon. Other parts were presented at the International Institute of Public Finance, at the Macro Study Group of the German Economic Association, at the Annual Meeting of the Austrian Economic Association, at the Gottingen Workshop on International Economics, at the Halle Workshop on Monetary Economics, at the Research Seminar on Macroeconomics in Freiburg, and at the Passau Workshop on International Economics.
Book Synopsis International Economic Policy Coordination by :
Download or read book International Economic Policy Coordination written by and published by . This book was released on 1993 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Wendy Dobson Publisher :Washington, D.C. : Institute for International Economics ISBN 13 : Total Pages :188 pages Book Rating :4.:/5 (318 download)
Book Synopsis Economic Policy Coordination by : Wendy Dobson
Download or read book Economic Policy Coordination written by Wendy Dobson and published by Washington, D.C. : Institute for International Economics. This book was released on 1991 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt:
