Globalization and the State: Volume I: International Institutions, Finance, the Theory of the State and International Trade

Contents......Page 8
List of Tables......Page 10
List of Diagrams......Page 11
List of Abbreviations......Page 12
Acknowledgments......Page 16
Introduction, Scope and Content......Page 18
Dimensions of the world economy......Page 24
Factors of economic growth......Page 28
Institutions and economic progress......Page 33
Summary......Page 36
Introduction......Page 38
The international financial institutions......Page 39
The World Trade Organization......Page 45
The central banks......Page 47
The UN......Page 60
Summary......Page 61
Commercial banks......Page 63
Investment banks......Page 65
Hedge funds......Page 76
Private equity......Page 81
Initial public offerings......Page 88
Summary......Page 93
Risk management......Page 95
Value at risk......Page 96
Credit risk models......Page 99
Stress tests......Page 112
World trade......Page 117
Financial flows and foreign exchange......Page 118
FDI, equities, securities and derivatives......Page 122
Summary......Page 125
Introduction......Page 127
The first best of efficiency and satisfaction......Page 128
The theory of second best......Page 134
Applied welfare economics......Page 136
The public interest view......Page 142
The theory of public goods......Page 146
Imperfect information and regulation of finance......Page 148
Government failure......Page 150
Coase, transaction costs and property rights......Page 154
The new institutional economics......Page 156
The economic theory of regulation......Page 160
Rent-seeking and public choice......Page 164
The view of disclosure and regulation......Page 167
Summary......Page 172
The gains from trade......Page 174
Distortions......Page 179
Trade openness......Page 180
The political economy of trade......Page 187
Antidumping and safeguards......Page 191
Trade and employment......Page 195
Trade and wages......Page 205
Offshore employment......Page 209
Summary......Page 214
The role of the state in IEFP......Page 216
Diversity of views......Page 219
International institutions......Page 220
Private institutions......Page 221
International trade......Page 223
Notes......Page 224
References......Page 226
G......Page 243
W......Page 244