The Challenges of Globalization

by Anders Aslund (Editor), Marek Dabrowski (Editor)

Overview

With high growth rates in Asia, most notably in China, India, and Southeast and Central Asia, Eurasia's economic center of gravity is rapidly shifting to the East. At the same time, most of Europe faces serious barriers to growth in the long term. The volume examines the causes and consequences of this major shift in economic power and considers the options available to policymakers in various parts of Europe and Asia. The ten chapters in this book focus on long-term challenges of globalization rather than short-term problems of individual countries and explore two themes: global macroeconomic imbalances and growth. This work is based on a CASE-Center for Social and Economic Research and CASE-Ukraine conference.

Product Details

ISBN-13:	9780881324181
Publisher:	Peterson Institute for International Economics
Publication date:	06/30/2008
Pages:	416
Product dimensions:	6.00(w) x 8.80(h) x 0.60(d)
Age Range:	3 Months

About the Author

Anders Åslund was a senior fellow at the Peterson Institute for International Economics from 2006 to May 2015. He examined the economic policies of Russia, Ukraine, and Eastern Europe, as well as the broader implications of economic transition. Åslund served as an economic adviser to the governments of Russia in 1991-94 and Ukraine in 1994-97.

Marek Dabrowski is a Non-Resident Scholar at Bruegel, Professor at the Higher School of Economics in Moscow, co-founder and Fellow at CASE - Center for Social and Economic Research in Warsaw and Member of the Scientific Council of the E.T. Gaidar Institute for Economic Policy in Moscow.

Table of Contents

Preface     vii
Acknowledgments     xi
Introduction: Challenges of Globalization   Anders Aslund   Marek Dabrowski     1
Are Large External Imbalances in Central Europe Sustainable?   Susan Schadler     17
Current Account Imbalances in the Euro Area   Alan Ahearne   Birgit Schmitz   Jurgen von Hagen     41
Rethinking Balance of Payments Constraints in a Globalized World   Marek Dabrowski     59
A World Out of Balance?   Daniel Gros     77
Sustainable Adjustment of Global Imbalances   Ray Barrell   Dawn Holland   Ian Hurst     107
Meeting the China Challenge Is Meeting the Challenge of Comprehensive Engagement and Multilateralism   Wing Thye Woo     127
Institutional Systems and Economic Growth   Leszek Balcerowicz     153
Impact of "Legal School" Versus Recent Colonial Origin on Economic Growth   Jacek Rostowski   Bogdan Stacescu     201
Does the European Union Emulate the Positive Features of the East Asian Model?   Anders Aslund     229
Eight Potential Roadblocks to Smooth EU-China Economic Relations   Jean Pisani-Ferry   Andre Sapir     253
About theContributors     269
Index     271