Book Search:  

 

 
Google full text of our books:

bookjacket

Rules for the Global Economy
Horst Siebert
With a foreword by Gary Hufbauer

Hardcover | 2009 | $72.50 / £50.00 | ISBN: 9780691133362
288 pp. | 6 x 9 | SHOPPING CART

eBook | ISBN: 9781400830725 |
Our eBook editions are available from these online vendors

Reviews | Table of Contents
Chapter 1[PDF] pdf-icon

Google full text of this book:
 

Rules for the Global Economy is a timely examination of the conditions under which international rules of globalization come into existence, enabling world economic and financial systems to function and stabilize. Horst Siebert, a leading figure in international economics, explains that these institutional arrangements, such as the ones that govern banking, emerge when countries fail to solve economic problems on their own and cede part of their sovereignty to an international order. Siebert demonstrates that the rules result from a trial-and-error process--and usually after a crisis--in order to prevent pointless transaction costs and risks.

Using an accessible and nonmathematical approach, Siebert links the rules to four areas: international trade relations, factor movements, financial flows, and the environment. He looks at the international division of labor in the trade of goods and services; flow of capital; diffusion of technology; migration of people, including labor and human capital; protection of the global environment; and stability of the monetary-financial system. He discusses the role of ethical norms and human rights in defining international regulations, and argues that the benefits of any rules system should be direct and visible. Comprehensively supporting rules-based interactions among international players, the book considers future issues of the global rules system.

Review:

"A useful contribution to the international economics literature."--Choice

Endorsement:

"Interactions among countries are mediated by rules. Examples include the rules for trade, the flow of finance, financial stability, the environment, and human rights. Siebert's new book not only explains what these regulations are, but why they exist and, more importantly, why they change over time. The perspective taken by the book is as simple as it is powerful: rules evolve to reduce transactions costs. Siebert has written an intellectually exciting and wise book--a guide for devising the rules needed to address many of today's great challenges."--Scott Barrett, Columbia University

"This brilliant exposition by a leading economist explains why globalization requires global rules. The author's argument is based on the German school of liberalism that emphasizes the need for the state to provide standards for the proper working of a market economy."--André Sapir, Université Libre de Bruxelles

"Officials who are tasked with translating the G-20 aspirations into new rules will greatly benefit from Siebert's sound analysis. The rest of us can use Siebert as a guide to distinguish between rules that genuinely answer the needs of our new era and fluffy wisps in the sky."--from the foreword by Gary Hufbauer, Peterson Institute for International Economics

"This is an iconoclastic and interesting work. Arguing that a rules-based interaction among global players is critical for achieving the gains promised by globalization, Siebert applies this notion to each of the major areas of the international system. The book's arguments are consistent and relevant for policy, especially with respect to trade and the environment."--Ingo Walter, New York University

Table of Contents:

Foreword vii
Preface ix
Chapter I: The Concept of aWorld Economic Order 1
Chapter II: Globalization and Its Impact on the International Rule System 20
Chapter III: How Rules Are Established 32
Chapter IV: How Rules Are Stabilized 50
Chapter V: Rules for International Product Markets 75
Chapter VI: Rules for Border-Crossing Factor Movements 100
Chapter VII: Rules for the Global Environment 121
Chapter VIII: Preventing Financial Instability 150
Chapter IX: Avoiding Currency Crises 177
Chapter X: Ethical Norms, Human Rights, Fairness, and Legitimacy: Restraints for the International Rule System 197
Chapter XI: Interdependence of Orders, Structure of the Rule System, and Institutional Fit 215
Chapter XII: Major Challenges to the Rule System in the Future 231
References and Further Reading 249
Index 263

Another Princeton book authored or coauthored by Horst Siebert:

Subject Areas:

Shopping Cart:

  • For ebooks:

Our eBook editions are available
from these online vendors:

  • Amazon Kindle Store
  • Google Play eBook Store
  • Kno eBook Store
  • Many of our ebooks are available through
    library electronic resources including these platforms:

  • Books at JSTOR
  • Ebrary
  • Ebook Library
  • EBSCO Ebooks
  • MyiLibrary
  • Dawsonera (UK)

  • Shopping Cart:

    • For hardcover/paperback orders:

      For hardcover/paperback orders in the United States, Canada, Latin America, Asia, and Australia

      Hardcover: $72.50 ISBN: 9780691133362

      For hardcover/paperback orders in Europe, Africa, the Middle East, India, and Pakistan

      Hardcover: £50.00 ISBN: 9780691133362

      Add to shopping cart

      Prices subject to change without notice

      File created: 9/23/2014

    Questions and comments to: webmaster@press.princeton.edu
    Princeton University Press

    New Book E-mails
    New In Print
    PUP Blog
    Videos/Audios
    Princeton APPS
    Sample Chapters
    Subjects
    Series
    Catalogs
    Princeton Legacy Library
    Textbooks
    Media/Reviewers
    Class Use
    Rights/Permissions
    Ordering
    Recent Awards
    Princeton Shorts
    Freshman Reading
    PUP Europe
    About Us
    Contact Us
    Links
    F.A.Q.
    PUP Home


    Bookmark and Share
    Send me emails
    about new books in:
    Economics
    Political Science and International Relations
    More Choices
    Email:
    Country:
    Name: