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Economic Governance in the Age of Globalization.

Publication: Journal of Economic Issues
Publication Date: 01-MAR-05 		Format: Online - approximately 1030 words
Delivery: Immediate Online Access
Full Article Title: Economic Governance in the Age of Globalization.(Book Review)

Article Excerpt
Economic Governance in the Age of Globalization, by William K. Tabb. New York: Columbia University Press. 2004. ISBN 0231131542, $69.50. 520 pages.

William Tabb introduces the reader to critical arguments on the benefits of globalization and some of the institutions providing governance to the global economy. The book discusses the Washington Consensus and relevant institutions including the World Bank, the International Monetary Fund, and the World Trade Organization. Professor Tabb questions the motivations behind initiation and control of these instruments of governance, and strongly advocates against a naive adoption of policy prescriptions without regard to particular social and political circumstances.

The book begins with a discussion on the definition, nature, and scope of globalization and the field of international political economy. It highlights dilemmas faced by an emerging and, in the author's view, ineffective system of global economic governance. Within the historical context of the post-war economic order, Professor Tabb describes the creation...

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