Global Linkages

Global Linkages

Author: Warwick J. McKibbin

Publisher: Brookings Institution Press

Published: 2011-03-01

Total Pages: 296

ISBN-13: 0815716680

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With the rapid deterioration of the U.S. trade balance in the 1980s, the United States was forced to finance deficits by borrowing heavily from the rest of the world. In doing so, the United States went from being the world's largest creditor country to the world's largest debtor, while Japan and West Germany experienced a rise in trade surpluses. Such a shift in international trade flows has had profound effects on the world economy. McKibbin and Sachs address a range of issues involving macroeconomic imbalances in the world economy. Through the use of a new simulation model of the world economy they explore how policy actions undertaken in one country affect the trade flows and macroeconomic patterns among the other counties. The authors show that key macroeconomic features of the 1980s can be explained by shifts in monetary and fiscal policies in the major economies and by supply shocks due to changes in oil prices. In addition to showing how the global macroeconomic experience can be understood, they focus on a number of current policy issues, including the reduction of global trade imbalances, the consequences of U.S. fiscal consolidation, the effects of an oil price shock, the implications for the U.S. economy of increases in Japanese and German fiscal spending, the effects of targeting exchange rates among the major currencies, and the gains of increased coordination of macroeconomic politics among the major economies. In several cases, their conclusions are shown to be quite different from those that form the basis of many conventional views. The authors also analyze the importance of interaction between policymakers in industrial economies and conclude by reemphasizing the need for U.S. politicians and policy experts to recognize that macroeconomic results in the U.S. now depend heavily on events abroad.


Global Linkages

Global Linkages

Author: Warwick J. McKibbin

Publisher: Brookings Institution Press

Published: 1991

Total Pages: 0

ISBN-13: 9780815756019

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" With the rapid deterioration of the U.S. trade balance in the 1980s, the United States was forced to finance deficits by borrowing heavily from the rest of the world. In doing so, the United States went from being the world's largest creditor country to the world's largest debtor, while Japan and West Germany experienced a rise in trade surpluses. Such a shift in international trade flows has had profound effects on the world economy. McKibbin and Sachs address a range of issues involving macroeconomic imbalances in the world economy. Through the use of a new simulation model of the world economy they explore how policy actions undertaken in one country affect the trade flows and macroeconomic patterns among the other counties. The authors show that key macroeconomic features of the 1980s can be explained by shifts in monetary and fiscal policies in the major economies and by supply shocks due to changes in oil prices. In addition to showing how the global macroeconomic experience can be understood, they focus on a number of current policy issues, including the reduction of global trade imbalances, the consequences of U.S. fiscal consolidation, the effects of an oil price shock, the implications for the U.S. economy of increases in Japanese and German fiscal spending, the effects of targeting exchange rates among the major currencies, and the gains of increased coordination of macroeconomic politics among the major economies. In several cases, their conclusions are shown to be quite different from those that form the basis of many conventional views. The authors also analyze the importance of interaction between policymakers in industrial economies and conclude by reemphasizing the need for U.S. politicians and policy experts to recognize that macroeconomic results in the U.S. now depend heavily on events abroad. "


Global Linkages and Economic Rebalancing in East Asia

Global Linkages and Economic Rebalancing in East Asia

Author: Shigeyuki Hamori

Publisher: World Scientific

Published: 2013

Total Pages: 234

ISBN-13: 9814412856

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In the wake of the global financial crisis, leading industrialized countries have managed to show only a gradual recovery, while East Asian economies have surged ahead. In particular, China achieved growth in excess of 10% in 2010 and is expected to continue growing at a rapid pace. It appears that in the coming years, East Asia will play an even greater role as a growth center leading global economic expansion. Following the Asian currency crisis of 1997OCo98, consumption and investment in the region decreased considerably, and East Asian economies recovered on the strength of exports. Presently, however, amid a less-than-robust recovery in the US and Europe, the sustainability of East Asia''s reliance on export-led growth has been called into question. The region''s transition to growth based on a balance of foreign and domestic demand is important for both building a stronger foundation for sustainable growth and buttressing global economic expansion. Moreover, the rebalancing of demand in East Asia holds the key to rectifying global current account imbalances OCo the disadvantage of uneven international capital flows. This unique volume illuminates policy issues involved in the efforts to promote the rebalancing of demand in East Asia.


Gains from Global Linkages

Gains from Global Linkages

Author: Bimal Ghosh

Publisher: Palgrave Macmillan

Published: 1997-05-12

Total Pages: 165

ISBN-13: 9780312162351

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The growth of the services sector in developing countries and their increased participation in trade in services have far-reaching implications for promotion of employment and income and management of international migration. The book brings out these implications in the context of the Uruguay Round Agreement on Trade in Services (GATS) and explains how trade-related temporary movements of persons can be a partial substitute for longer-term migration, serving the interests of both developed and developing countries in a more efficient global economy.


Internationalizing China

Internationalizing China

Author: David Zweig

Publisher: Cornell University Press

Published: 2018-05-31

Total Pages: 316

ISBN-13: 150171743X

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China began opening to the outside world in 1978. This process was designed to remain under the state's control. But the relative value of goods and services inside and outside China drove cities, enterprises, local governments, andindividuals with comparative advantage in international transactions to seek global linkages. These contacts, David Zweig asserts, led to the deregulation of China's mercantilist regime. Through extensive field research, Zweig surveys the extraordinary changes in four sectors of China's domestic political economy: the establishment of developmentzones, rural joint ventures, the struggle over foreign aid and higher education. He also addresses the crucial question of whether, on balance, internationalization weakens or strengthens state power.


Public Health Linkages with Sustainability

Public Health Linkages with Sustainability

Author: Roundtable on Environmental Health Sciences, Research, and Medicine

Publisher: National Academies Press

Published: 2013-08-02

Total Pages: 148

ISBN-13: 0309287871

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In 1992 world leaders met at the Earth Summit in Rio de Janeiro to reaffirm the Declaration of the United Nations Conference on the Human Environment that was established on June 16, 1972 in Stockholm. The meeting resulted in the adoption of Agenda 21 by the member states which is a framework for the transition to a more sustainable world. In 2012 the members gathered to assess and reaffirm the importance of progress towards the efforts of Agenda 21. In response to this the Institute of Medicine's (IOM's) Roundtable on Environmental Health Sciences, Research, and Medicine held a workshop to inform the policies that are discussed at the 2012 Earth Summit. The workshop, held in Woods Hole, Massachusetts on July 25-26, 2011, focused on the issue of sustainability and health as well as the linkages that are currently present between the two. The workshop included presentations and discussions which are summarized in Public Health Linkages with Sustainability: Workshop Summary. The report presents how different areas of public health, such as food and water resources, link to sustainability and opportunities or venues that can be examined.


The Routledge Companion to the Geography of International Business

The Routledge Companion to the Geography of International Business

Author: Gary Cook

Publisher: Routledge

Published: 2018-05-08

Total Pages: 620

ISBN-13: 1317357922

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The fields of Economic Geography and International Business share an interest in the same phenomena, whilst each provides both a differing perspective and different research methods in attempting to understand those phenomena. The Routledge Companion to the Geography of International Business explores the nature and scope of inter-disciplinary work between Economic Geography and International Business in explaining the central issues in the international economy. Contributions written by leading specialists in each field (including some chapters written by inter-disciplinary teams) focus on the nature of multinational firms and their strategies, where they choose to locate their activities, how they create and manage international networks and the key relationships between multinationals and the places where they place their operations. Topics covered include the internationalisation of service industries, the influence of location on the competitiveness of firms and the economic dynamism of regions and where economic activity takes place and how knowledge, goods and services flow between locations. The book examines the areas for fruitful inter-disciplinary work between International Business and Economic Geography and sets out a road map for future joint research, and is an essential resource for students and practitioners of International Business and Economic Development.


Academic Collaborations in the Global Marketplace

Academic Collaborations in the Global Marketplace

Author: Anatoly V. Oleksiyenko

Publisher: Springer Nature

Published: 2019-08-23

Total Pages: 248

ISBN-13: 3030231410

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This book explains why conflict between the institutional and human agencies is an unavoidable outcome of competing local, national and global agendas at a major research university. It illustrates this by means of a case-study of Glonacal U, a university which belongs to the category of exceptional institutions that excel due to an established organizational culture of academic freedom, research excellence, shared governance, and intellectual leadership. The book shows how such a university may succumb to anxiety when neoliberal managers seek to exploit stakeholder doubts about university sufficiency, relevance, and performance in national and global markets and hierarchies of knowledge products and status goods. As top-down pressure for strategic choices in scientific partnerships increases at the world-class university, grassroots resistance to centralization increases also in order to remind the research university leaders that intellectual work and academic freedom are interdependent and central to building capacities for impactful global science. Productive global linkages are prerogative of academics who take full responsibility for success of project implementation and outcomes in scholarship and practice.


World Cities in a World-System

World Cities in a World-System

Author: Paul L. Knox

Publisher: Cambridge University Press

Published: 1995-07-06

Total Pages: 356

ISBN-13: 9780521484701

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Cities such as New York, Tokyo and London are the centres of transnational corporate headquarters, of international finance, transnational institutions, and telecommunications. They are the dominant loci in the contemporary world economy, and the influence of a relatively small number of cities within world affairs has been a feature of the shift from an international to a more global economy which took place during the 1970s and 1980s. This book brings together the leading researchers in the field to write seventeen original essays which cover both the theoretical and practical issues involved. They examine the nature of world cities, and their demands as special places in need of specific urban policies; the relationship between world cities within global networks of economic flows; and the relationship between world city research and world-systems analysis and other theoretical frameworks.


The UN System and Cities in Global Governance

The UN System and Cities in Global Governance

Author: Chadwick F. Alger

Publisher: Springer Science & Business Media

Published: 2013-08-13

Total Pages: 169

ISBN-13: 331900512X

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This is the second volume to commemorate the 90th birthday of the distinguished scholar Chadwick F. Alger to honor his lifetime achievement in international relations and as President of the International Studies Association (1978-1979). After a brief introduction by Chad F. Alger this volume presents six of his key texts on The UN System and Cities in Global Governance, focusing on “Cities as arenas for participatory learning in global citizenship”; “The Impact of Cities on International Systems”; “Perceiving, Analysing and Coping With the Local-Global Nexus”; “The World Relations of Cities: Closing the Gap Between Social Science Paradigms and Everyday Human Experience”; “Japanese Municipal International Exchange and Cooperation in the Asia-Pacific: Opportunities and Challenges” and on “Searching for Democratic Potential in Emerging Global Governance: What Are the Implications of Regional and Global Involvements of Local Governments?”.