Politics and trade: lessons from past globalisations
by Kevin O‘Rourke on 31 January 2009
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Category: ESSAYS AND LECTURES
Topics: Trade, investment and competitiveness
After tracing the link between politics and trade over a millennium, KevinO‘Rourke
identifies permanent features of international economic relations. His
timing is perfect. The crisis has switched the balance of power.
Government is back in the driving seat and corporations look fragile.
No one can predict how the cards will fall, but politics is making a
come-back and will inevitably play a bigger role in shaping our future.
Testing times for global financial governance
by Ignazio Angeloni on 19 October 2008
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Category: ESSAYS AND LECTURES
Topics: Currencies and International finance, European and global governance
Ignazio Angeloni believes that the increase in financial interdependence in recent decades has not been matched by sufficient progress in the international coordination among regulatory authorities. In fact, the international financial system has suffered from insufficient globalisation of regulatory and supervisory policies, not excessive globalisation of financial markets.
10 lessons about budget consolidation
by Jens Henriksson on 29 July 2007
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Category: ESSAYS AND LECTURES
Topics: Budgetary and monetary policies
In this piece, which draws on firsthand experience within the Swedish government throughout one of the most dramatic consolidation episodes of the post-WWII period, Jens Henriksson seeks to pinpoint, and to convey to fellow policymakers, what equations and econometrics do not capture. His ten lessons provide essential reading for the many countries where budget sustainability still remains an issue.
Will global capitalism fall again?
by Jeffry Frieden on 29 June 2006
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Category: ESSAYS AND LECTURES
Topics: European and global governance
In this lecture, given at Bruegel‘s Annual Meeting in June, 2006, Jeffry Frieden focuses on why the first era of globalisation could not be restored, and why it was ultimately replaced by a system based on the rules of Bretton Woods. The historical experience of global capitalism shows, he argues, that whatever globalisation‘s benefits, persuasion alone will not suffice to make it politically sustainable. Frieden ultimately calls for the legitimate political governance of globalisation as well as appropriate domestic policies to compensate those who lose out in the process.