The Political Economy of Policy Coordination : : International Adjustment since 1945 / / Michael C. Webb.
Michael C. Webb explores a central question about postwar economic history: how has the growth of international markets affected the coordination of economic policy among nations? His analysis overturns the popular assumption that policy coordination has eroded as American hegemony has receded. Inst...
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Place / Publishing House: | Ithaca, NY : : Cornell University Press, , [2019] ©1995 |
Year of Publication: | 2019 |
Language: | English |
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Webb, Michael C., author. aut http://id.loc.gov/vocabulary/relators/aut The Political Economy of Policy Coordination : International Adjustment since 1945 / Michael C. Webb. Ithaca, NY : Cornell University Press, [2019] ©1995 1 online resource (256 p.) text txt rdacontent computer c rdamedia online resource cr rdacarrier text file PDF rda Cornell Studies in Political Economy Frontmatter -- Contents -- Preface -- 1. Coordinating Macroeconomic Adjustment Policy -- 2. The Structure of the International System and Patterns of Policy Coordination -- 3. Insulation and Symptom Management, 1945-55 -- 4. Symptom Management, 1956-70 -- 5. Flexible Exchange Rates and the Search for Policy Autonomy, 1971-77 -- 6. Macroeconomic Conflict and Coordination, 1978-94 -- 7. Conclusions: International Structures, Domestic Politics and Policy Coordination -- Index restricted access http://purl.org/coar/access_right/c_16ec online access with authorization star Michael C. Webb explores a central question about postwar economic history: how has the growth of international markets affected the coordination of economic policy among nations? His analysis overturns the popular assumption that policy coordination has eroded as American hegemony has receded. Instead, he argues that the growing mobility of capital forced governments to abandon the strategies they had used in the 1950s and 60s to insulate monetary and fiscal policies from international influences, and to move toward more direct coordination of central economic strategies.Webb shows that since 1945 there has been a crucial shift in the pattern of international collaboration. He focuses on three types of adjustment policy: trade and capital controls, balance-of-payment lending and intervention in foreign-exchange markets, and monetary and fiscal policies. Noting that the first two types are no longer effective, he demonstrates that governments now rely more on monetary and fiscal policy coordination to regulate the global economy.As the expansion of international finance created greater turbulence in the global economy in the 1980s, the liberal system of international trade threatened to collapse. Webb examines in particular how the United States, Japan, and Germany took unprecedented steps to coordinate monetary and fiscal policies in the late 1980s and early 1990s, although domestic political obstacles—not any decline in U.S. power—limited the impact of this policy coordination. He concludes by assessing the effectiveness of these attempts to reconcile the goal of a stronger liberal system of economic exchange with the desire to maintain national autonomy. Mode of access: Internet via World Wide Web. In English. Description based on online resource; title from PDF title page (publisher's Web site, viewed 02. Mrz 2022) General Economics. Political Science & Political History. POLITICAL SCIENCE / Public Policy / Economic Policy. bisacsh Title is part of eBook package: De Gruyter Cornell University Press Archive Pre-2000 9783110536171 https://doi.org/10.7591/9781501745348 https://www.degruyter.com/isbn/9781501745348 Cover https://www.degruyter.com/document/cover/isbn/9781501745348/original |
language |
English |
format |
eBook |
author |
Webb, Michael C., Webb, Michael C., |
spellingShingle |
Webb, Michael C., Webb, Michael C., The Political Economy of Policy Coordination : International Adjustment since 1945 / Cornell Studies in Political Economy Frontmatter -- Contents -- Preface -- 1. Coordinating Macroeconomic Adjustment Policy -- 2. The Structure of the International System and Patterns of Policy Coordination -- 3. Insulation and Symptom Management, 1945-55 -- 4. Symptom Management, 1956-70 -- 5. Flexible Exchange Rates and the Search for Policy Autonomy, 1971-77 -- 6. Macroeconomic Conflict and Coordination, 1978-94 -- 7. Conclusions: International Structures, Domestic Politics and Policy Coordination -- Index |
author_facet |
Webb, Michael C., Webb, Michael C., |
author_variant |
m c w mc mcw m c w mc mcw |
author_role |
VerfasserIn VerfasserIn |
author_sort |
Webb, Michael C., |
title |
The Political Economy of Policy Coordination : International Adjustment since 1945 / |
title_sub |
International Adjustment since 1945 / |
title_full |
The Political Economy of Policy Coordination : International Adjustment since 1945 / Michael C. Webb. |
title_fullStr |
The Political Economy of Policy Coordination : International Adjustment since 1945 / Michael C. Webb. |
title_full_unstemmed |
The Political Economy of Policy Coordination : International Adjustment since 1945 / Michael C. Webb. |
title_auth |
The Political Economy of Policy Coordination : International Adjustment since 1945 / |
title_alt |
Frontmatter -- Contents -- Preface -- 1. Coordinating Macroeconomic Adjustment Policy -- 2. The Structure of the International System and Patterns of Policy Coordination -- 3. Insulation and Symptom Management, 1945-55 -- 4. Symptom Management, 1956-70 -- 5. Flexible Exchange Rates and the Search for Policy Autonomy, 1971-77 -- 6. Macroeconomic Conflict and Coordination, 1978-94 -- 7. Conclusions: International Structures, Domestic Politics and Policy Coordination -- Index |
title_new |
The Political Economy of Policy Coordination : |
title_sort |
the political economy of policy coordination : international adjustment since 1945 / |
series |
Cornell Studies in Political Economy |
series2 |
Cornell Studies in Political Economy |
publisher |
Cornell University Press, |
publishDate |
2019 |
physical |
1 online resource (256 p.) |
contents |
Frontmatter -- Contents -- Preface -- 1. Coordinating Macroeconomic Adjustment Policy -- 2. The Structure of the International System and Patterns of Policy Coordination -- 3. Insulation and Symptom Management, 1945-55 -- 4. Symptom Management, 1956-70 -- 5. Flexible Exchange Rates and the Search for Policy Autonomy, 1971-77 -- 6. Macroeconomic Conflict and Coordination, 1978-94 -- 7. Conclusions: International Structures, Domestic Politics and Policy Coordination -- Index |
isbn |
9781501745348 9783110536171 |
url |
https://doi.org/10.7591/9781501745348 https://www.degruyter.com/isbn/9781501745348 https://www.degruyter.com/document/cover/isbn/9781501745348/original |
illustrated |
Not Illustrated |
dewey-hundreds |
300 - Social sciences |
dewey-tens |
330 - Economics |
dewey-ones |
337 - International economics |
dewey-full |
337 |
dewey-sort |
3337 |
dewey-raw |
337 |
dewey-search |
337 |
doi_str_mv |
10.7591/9781501745348 |
oclc_num |
1114890462 |
work_keys_str_mv |
AT webbmichaelc thepoliticaleconomyofpolicycoordinationinternationaladjustmentsince1945 AT webbmichaelc politicaleconomyofpolicycoordinationinternationaladjustmentsince1945 |
status_str |
n |
ids_txt_mv |
(DE-B1597)534330 (OCoLC)1114890462 |
carrierType_str_mv |
cr |
hierarchy_parent_title |
Title is part of eBook package: De Gruyter Cornell University Press Archive Pre-2000 |
is_hierarchy_title |
The Political Economy of Policy Coordination : International Adjustment since 1945 / |
container_title |
Title is part of eBook package: De Gruyter Cornell University Press Archive Pre-2000 |
_version_ |
1806143949656555520 |
fullrecord |
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