Globalization in The Books Store

Many prominent critics regard the international financial system as the dark side of globalization, threatening disadvantaged nations near and far. But in The Next Great Globalization, eminent economist Frederic Mishkin argues the opposite: that financial globalization today is essential for poor nations to become rich. Mishkin argues that an effectively managed financial globalization promises benefits on the scale of the hugely successful trade and information globalizations of the nineteenth and twentieth centuries. This financial revolution can lift developing nations out of squalor and increase the wealth and stability of emerging and industrialized nations alike. By presenting an unprecedented picture of the potential benefits of financial globalization, and by showing in clear and hard-headed terms how these gains can be realized, Mishkin provides a hopeful vision of the next phase of globalization.

Mishkin draws on historical examples to caution that mismanagement of financial globalization, often aided and abetted by rich elites, can wreak havoc in developing countries, but he uses these examples to demonstrate how better policies can help poor nations to open up their economies to the benefits of global investment. According to Mishkin, the international community must provide incentives for developing countries to establish effective property rights, banking regulations, accounting practices, and corporate governance--the institutions necessary to attract and manage global investment. And the West must be a partner in integrating the financial systems of rich and poor countries--to the benefit of both.

The Next Great Globalization makes the case that finance will be a driving force in the twenty-first-century economy, and demonstrates how this force can and should be shaped to the benefit of all, especially the disadvantaged nations most in need of growth and prosperity.

With an in-depth look at sixteen contemporary issues ranging from world peacekeeping to climate change, this proven reader asks important, timely questions none with easy answers: Can India match China's economic growth? Is the Nuclear Non-Proliferation Treaty obsolete? Should the United States scale back efforts to export democracy to the Middle East and elsewhere? To facilitate sound analysis, each chapter explores who the players are, what s at stake, why recognizing past and current developments is so crucial to the future, and includes the following special features: a pro/con box that examines two competing sides of a single issue question; a detailed chronology; an annotated bibliography with web resources; plus photos, charts, graphs, and maps. The 2008 edition also features articles from the brand new CQ Global Researcher, which reports on global affairs from a multitude of international viewpoints.

This unique reader goes beyond the traditional concept of international relations as simply interactions between states. It instead addresses all the players in the current global political scene, from international companies and intergovernmental organizations to traditional states and terrorist organizations.

Global Politics blends conceptual writings on international relations with current events coverage from journalistic sources. Case materials are drawn from all major geographic regions in order to emphasize the global nature of these issues in the post–Cold War period. Each chapter approaches the key topics first from a scholarly/theoretical view, then follows with readings presenting a news/current events context. The readings provide a stimulus for informed debate and discussion, and they encourage students to view daily events as part of a larger process of change.

• Up-to-date readings, editorials, and news items drawn from a distinctive blend of scholarly and journalistic sources keep students informed of the latest international issues and events.
• Each chapter is framed by an brief essay at the beginning and a series of topics for consideration at the close. This technique creates a context for the reading and provides a starting point for class discussions.