Economic Policy in the Age of Globalisation

Front Cover
Cambridge University Press, 2005 M02 17 - 509 pages
In the age of globalisation both domestic and foreign economic policies play an important role in determining firms' strategies. Understanding such policies is an essential part of the cultural background of managers at all levels of a firm. At the same time, firms' choices have a greater impact on economic policymaking in a global economy, as the range of alternatives open to them expands. In this textbook, Professor Acocella analyses both sides of this relationship. Special emphasis is placed on current issues: in policymaking on the basis of social choice principles and the normative and positive theory of economic policy; and issues concerning the establishment of international public institutions that can match the global reach of the private institutions (markets and firms) that generate many of today's economic challenges. Broad in scope, this book is aimed at students who have completed an introductory course in both micro and macroeconomics.

From inside the book

Contents

2
21
second best
35
macroeconomic aspects
45
The normative theory of economic policy 88889
89
elements of a positive theory of economic policy
116
Property rights corporate governance and public enterprises
139
Competition policies policies for externalities and public goods
158
Industrial and regional policies redistributive policies
185
Incomes and price policies
308
Balanceofpayments policies
321
free trade and protectionism
343
Monetary systems and exchange rate regimes
359
Development and trade organisations
379
The European Union
392
the globalisation
421
The challenges of globalisation for public policies
437

Social choice and costbenefit analysis
209
Macroeconomic schemes of analysis in an open economy
231
Macroeconomic objectives and monetary policy
249
Macroeconomic objectives and fiscal policy
284

Common terms and phrases

About the author (2005)

Nicola Acocella is Professor of Economic Policy at the University of Rome 'La Sapienza'.

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