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The world economy is going through its biggest transformation in a relatively short space time. There have been many … seems little understood. In turn, there has been little preparation for, or adjustment to, this changing world, though if …. We highlight the dramatic degree of the shifts taking place in world GDP and trade and include fresh projections of what …
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cut back investment in innovation. Since innovation in the United States determines the evolution of the world …
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Cover -- Contents -- Preface -- 1. Introduction: The Unloved Dollar Standard -- PART I. The International Money Machine -- 2. The U.S. Dollar's Facilitating Role as International Money Today -- 3. The Dollar as a Worldwide Nominal Anchor: Insular U.S. Monetary Policy from 1945 to the Late 1960s...
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pt. I. Financial globalization and world money -- pt. II. Currency crises and bailouts -- pt. III. Growth and the …
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