Global Political Economy after the Crisis: Theoretical Perspectives and Country Experiences

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

Global Political Economy after the Crisis: Theoretical Perspectives and Country Experiences

Share

COinS