Creating a New World Economy : Forces of Change and Plans for Action

How is the global economy affected by increased militarization, inequality between nations and classes, environmental degradation, and U.S. economic decline? What are the current debates and issues? Can free enterprise and government deregulation solve global economic problems? As the world's attention is focused on the global economy, 25 activist economists address these and many other questions. Essays in "Creating a New World Economy" describe in accessible language such complex topics as the international debt, Keynesianism, trade policy, immigration, and drug trade. In addition to analyzing current topics and debates, contributors also offer alternative strategies on topics frequently neglected in traditional economics curricula. Essays explain development strategies and markets in Latin America, Eastern Europe, Africa, and Japan. For students, activists, and general readers, this timely collection explains national and international economic dilemmas that will increasingly challenge us in the next century. Author note: Gerald Epstein is Associate Professor of Economics at the University of Massachusetts, Amherst, and a staff economist for the Center for Popular Economics. Julie Graham is Associate Professor of Geography at the University of Massachusetts, Amherst, and a staff economist for the Center for Popular Economics. Jessica Nembhardt specializes in international finances, macroeconomic policy, and development. She received her Ph.D. in economics from the University of Massachusetts, Amherst. Power, Profits, And Cooperation In The Global Economy / Gerald Epstein -- Trade Policy : Who Wins, Who Loses? / Mehrene Larudee -- Crossing Borders : A Case For Cooperation In International Financial Markets / Ilene Grabel -- Immigration And The World Economy / Bob Sutcliffe -- U.s. Militarism And The Global Economy / Tom Riddell -- Cocaine Capitalism / Kiaran Honderich -- Can Markets Work In Eastern Europe? / Diane Flaherty -- The Rise And Fall Of The Keynesian Revolution In The Age Of The Global Marketplace / James Crotty -- Global Equity And Environmental Crisis : An Argument For Reducing Working Hours In The North / Juliet B. Schor -- The United States As A Debtor Country / Gerald Epstein -- Multinational Corporations And The Internationalization Of Production : An Industry Perspective / Julie Graham -- The Japanese Model Of Production : Cooperation Or Coercion? / Emily Kawano. From Junior Partner To ...? : Japan In The World Economy / Lyuba Zarsky -- The Great Trade Debates / Juliet B. Schor -- Managing The Latin American Debt Crisis : The International Monetary Fund And Beyond / Manuel Pastor, Jr. -- Foreign Aid And Dependent Development / Jessica Nembhard -- The Crisis Of Plenty : Africa / Anthony Guglielmi -- The International Economy And The Environment In Latin America / Héctor Sáez -- The Internationalization Of The U.s. Military Industry : A Caribbean Case Study / Maribel Aponte-garcía -- No More Nics / Robin Broad And John Cavanagh -- Development Strategies In Latin America : Which Way Now? / José Távara -- Third World Socialism And The Demise Of Comecon / Carmen Diana Deere And Stan Malinowitz -- Making Connections : Women In The International Economy / Brenda Wyss And Radhika Balakrishnan. Edited By Gerald Epstein, Julie Graham, Jessica Nembhard For The Center For Popular Economics ; Foreword By Samuel Bowles. Includes Bibliographical References And Index. How is the global economy affected by increased militarization, inequality between nations and classes, environmental degradation, and US economic decline? Addressing this and other questions, this book describes such topics as the international debt, Keynesianism, trade policy, immigration, and drug trade.