The Roaring Nineties: A New History of the World's Most Prosperous Decade


Book Description

How one of the greatest economic expansions in history sowed the seeds of its own collapse. With his best-selling Globalization and Its Discontents, Joseph E. Stiglitz showed how a misplaced faith in free-market ideology led to many of the recent problems suffered by the developing nations. Here he turns the same light on the United States. The Roaring Nineties offers not only an insider's illuminating view of policymaking but also a compelling case that even the Clinton administration was too closely tied to the financial community—that along with enormous economic success in the nineties came the seeds of the destruction visited on the economy at the end of the decade. This groundbreaking work by the Nobel Prize-winning economist argues that much of what we understood about the 1990s' prosperity is wrong, that the theories that have been used to guide world leaders and anchor key business decisions were fundamentally outdated. Yes, jobs were created, technology prospered, inflation fell, and poverty was reduced. But at the same time the foundation was laid for the economic problems we face today. Trapped in a near-ideological commitment to free markets, policymakers permitted accounting standards to slip, carried deregulation further than they should have, and pandered to corporate greed. These chickens have now come home to roost. The paperback includes a new introduction that reviews the continued failure of the Bush administration's policies, which have taken a bad situation and made it worse.







Cooperation Among Nations


Book Description

In Cooperation among Nations, Joseph M. Grieco offers a provocative answer to a fundamental question in world politics: How does the anarchical nature of the international system inhibit the willingness of states to work together even when they share common interests? Grieco examines the capacity of two leading contemporary theories--modem political realism and the newest liberal institutionalism--to explain national responses to the non-tariff barrier codes negotiated during the Tokyo Round of international trade talks. According to his interpretation of realist theory, Grieco characterizes states as "defensive positionalists." As such, they often fail to cooperate because they fear that a joint endeavor, while producing positive gains for all participants, might also generate disparities in gains among the partners involved. Grieco demonstrates that this realist concept of defensive state positionalism gives rise to a better understanding of the systemic constraints on international collaboration and of the impact of anarchy on states than is offered by neoliberal institutionalism. Drawing on previously unreported archival materials, Grieco rigorously applies the two theories to an empirical analysis of the cooperative efforts of the United States and the European Community during the 1980s to regulate and reduce non-tariff trade barriers through the General Agreement on Tariffs and Trade.




OECD Insights Economic Globalisation Origins and consequences


Book Description

This publication reviews the major turning points in the history of economic integration, and in particular the pace at which it has accelerated since the 1990s. It also considers its impact in four crucial areas, namely employment, development, the environment and financial stability.




The Sanctions Decade


Book Description

Since the end of the Cold War, economic sanctions have been a frequent instrument of UN authority. Based on more than 200 interviews with officials from both sides, this book aims to provide a comprehensive assessment of the effectiveness of UN sanctions in the 1990s.




Korea in The 1990s


Book Description

For the first time since the conclusion of the Korean Civil War--which branched out to include the United States as a key player in a solution based on partition--the issue of Korean reunification is on the diplomatic, political, and economic agenda. To be sure, the very issue of which elements come first in such a move are themselves part of the strategies and tactics of both sides of the Korean geographical divide. In this volume, leading experts come together to discuss this issue in a careful and reasoned manner. With the reunification of Germany now underway, a great deal of attention is being paid to the Korean efforts in the same direction. While the disintegration of world communism is a necessary condition for reunification, the consensus is that such a development is not a sufficient condition. Hy-Sang Lee and Kihwan Kim examine those structural and tactical factors that inhibit economic cooperation, despite past windows of opportunities in such a consensual direction. Kwang Soo Choi, Kyongsoo Lho, and Yong-Sup Han look at the security concerns of both North and South Korea. While each displays a different emphasis and argues for a different timetable, they all point to the same factors at work moving toward reunification. The essays on political issues by Kong Dan Oh and Steven Mosher are unique in their emphasis on how political communication and scholarly exchanges serve as strategies of rapprochement and democratization. The concern of Korea in the 1990s is not simply to argue the case for or against reunification of Korea, but the need to move forward in such a way as to safeguard a democratic future for the South and open up the tragically closed and stagnant society created in the North. In this regard, the contributors examine a variety of foreign as well as domestic policy concerns that need to be cleared away as a prelude to reunification. This is a serious effort, well worth the attention of Asian area experts, international policy researchers, and students of political systems and economic structures alike.







The Evolution of Cooperation


Book Description

A famed political scientist's classic argument for a more cooperative world We assume that, in a world ruled by natural selection, selfishness pays. So why cooperate? In The Evolution of Cooperation, political scientist Robert Axelrod seeks to answer this question. In 1980, he organized the famed Computer Prisoners Dilemma Tournament, which sought to find the optimal strategy for survival in a particular game. Over and over, the simplest strategy, a cooperative program called Tit for Tat, shut out the competition. In other words, cooperation, not unfettered competition, turns out to be our best chance for survival. A vital book for leaders and decision makers, The Evolution of Cooperation reveals how cooperative principles help us think better about everything from military strategy, to political elections, to family dynamics.




G-20 and International Economic Cooperation


Book Description

Contents: (1) Intro.; (2) The Rise of the G-20 as the Premier Forum for Internat. Econ. Cooperation: 1970s-1990s: Developed Countries Dominate Financial Discussions; 1990s-2008: Emerging Markets Gain Greater Influence; 2008¿Present: Emerging Markets Get a Seat at the Table; (3) How the G-20 Operates; (4) Overview of the G-20 Summits: Wash., DC, Nov. 2008; London, April 2009; Pittsburgh, Sept. 2009; Protests at G-20 Summits; (5) Issues on the Horizon: Regulatory Reform; Increasing the Representation of Emerging Markets in Internat. Financial Institutions; Increased Funding of the Multilateral Develop. Banks; A Green Recovery; WTO Doha Round of Multilateral Trade Negotiations; (6) Transition from G-7 to G-20.