Title
Global Political Economy after the Crisis: Theoretical Perspectives and Country Experiences
Role(s)
Editor: Sadik Unay
Contributing author: Evren Celik Wiltse
Files
Document Type
Book Chapter
Description
Evren Celik Wiltse is a contributing author, " Cuba: A Unique Player in the World Economy."
Book description: The established structural parameters of the global political economy underwent a profound transformation following the global economic crisis which triggered a paradigmatic change in terms of both the theoretical underpinnings and practical formulations of mainstream approaches to macroeconomic management and development. Neither the industrialized nor the newly industrializing economies were immune from the tumultuous impact of the ever-deepening global crisis, as a result of which a series of non-conventional policy responses were developed and swiftly implemented by policy makers across a wide range of policy areas. Counter-cyclical fiscal policies and stimulus packages to spur dwindling growth, heterodox monetary and central banking policies to rescue financial institutions in distress, strategic trade policies to maintain international competitiveness and market share become increasingly widespread. Neo-Keynesian emergency measures almost became the global norm, rather than the exception, in most of the leading global economic powers; thereby substantially increasing the relative emphasis in the economic importance and role of the state in the post-crisis period.
ISBN
978-1536122909
Publication Date
8-2017
Publisher
Nova Science Pub Inc
Recommended Citation
Unay, Sadik and Celik Wiltse, Evren, "Global Political Economy after the Crisis: Theoretical Perspectives and Country Experiences" (2017). School of American and Global Studies Faculty Books with a Focus on History, Philosophy, Political Science, and Religion. 19.
https://openprairie.sdstate.edu/hppr_book/19