Taking Back Globalization
@article{Duggan2013TakingBG, title={Taking Back Globalization}, author={Marie Christine Duggan}, journal={Review of Radical Political Economics}, year={2013}, volume={45}, pages={508 - 516} }
Many Americans believe free trade destroyed the U.S. industrial base, and blame foreign workers for taking their jobs. During World War II, Keynes had similar misgivings about the effect of postwar free trade on Britain’s economy. Yet for Keynes, economic forces are never inevitable, and capital rather than labor was the cause of trouble. His 1941 proposal for an International Clearing Union suggested capital controls, forced creditor adjustment, and an international fiat reserve as remedies…
4 Citations
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Following the critical review of microeconomic aspects of economic integration in the form of customs unions, the creation of a single internal market, together with the macroeconomic issue of…
Is There a Reserve Saving Effect of International Clearing Union? Testing for Asian Clearing Union
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International Clearing Unions (ICU) are expected to save international reserves for their members. This study derives a benchmark for reserves saving (RSE) that includes all net reserve savings net…
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Over the past 70 years, the sociological and economic study of economic abundance has been side-lined in comparison to the study of economic scarcity. This article calls for a revitalization of the…
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Purpose
The purpose of this paper is to enhance our understanding of effects of International Clearing Unions on the exchange market pressure (EMP). Using Asian Clearing Union (ACU) as an example of…
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