Globalization/deglobalization: lessons from liberal monetary orders
| العنوان: | Globalization/deglobalization: lessons from liberal monetary orders |
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| المؤلفون: | Mark R Brawley |
| المصدر: | International Affairs |
| بيانات النشر: | Oxford University Press (OUP), 2021. |
| سنة النشر: | 2021 |
| مصطلحات موضوعية: | Deglobalization? The future of the liberal international order, financial crises, AcademicSubjects/SOC02270, Sociology and Political Science, business.industry, Distribution (economics), Deglobalization, Economic globalization, Globalization, Iaffai/5, Order (exchange), Argument, international political economy, Political economy, international finance, Political Science and International Relations, International political economy, Economics, business, International finance |
| الوصف: | Economic globalization never proceeded in a smooth steady trajectory. The current international economy, organized around liberal principles, faces potential problems unleashed by the COVID-19 pandemic. Two popular theoretical approaches offer varying reasons for the survivability of the contemporary order. One stresses the benefits associated with participating in liberal international orders, claiming such arrangements are essentially self-sustaining. The rival view emphasizes the uneven distribution of gains, emphasizing the role of leadership, especially for dampening crises. To examine the support for each argument, I examine the evolution of international monetary arrangements. International monetary orders lie at the heart of liberal international economies; no prior liberal monetary order has proven self-sustaining. Liberal international monetary sub-orders depend upon leadership as much as cooperation for their survival—leaders exert efforts to shape followers' actions so long as the leader draws sufficient benefits to make such efforts worthwhile. The economic disruption caused by the COVID-19 pandemic provides the latest illustration of this point, though these arguments also suggest experiences across issue-areas will vary. |
| تدمد: | 1468-2346 0020-5850 |
| URL الوصول: | https://explore.openaire.eu/search/publication?articleId=doi_dedup___::658c90a4976fb6d4c999daa63280dab4 https://doi.org/10.1093/ia/iiab089 |
| حقوق: | OPEN |
| رقم الأكسشن: | edsair.doi.dedup.....658c90a4976fb6d4c999daa63280dab4 |
| قاعدة البيانات: | OpenAIRE |
| تدمد: | 14682346 00205850 |
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