Creating a New World Economy : Forces of

How is the global economy affected by increased militarization, inequality between nations and classes, environmental degradation, and U.S. economic decline? What are the current debates and issues? Can free enterprise and government deregulation solve global economic problems?As the world's attention is focused on the global economy, 25 activist economists address these and many other questions. Essays in Creating a New World Economy describe in accessible language such complex topics as the international debt, Keynesianism, trade policy, immigration, and drug trade.In addition to analyzing current topics and debates, contributors also offer alternative strategies on topics frequently neglected in traditional economics curricula. Essays explain development strategies and markets in Latin America, Eastern Europe, Africa, and Japan. For students, activists, and general readers, this timely collection explains national and international economic dilemmas that will increasingly challenge us in the next century. Author note: Gerald Epstein is Associate Professor of Economics at the University of Massachusetts, Amherst, and a staff economist for the Center for Popular Economics. >P>Julie Graham is Associate Professor of Geography at the University of Massachusetts, Amherst, and a staff economist for the Center for Popular Economics. >P>Jessica Nembhardt specializes in international finances, macroeconomic policy, and development. She received her Ph.D. in economics from the University of Massachusetts, Amherst.

Gerald Epstein is Associate Professor of Economics at the University of Massachusetts, Amherst, and a staff economist for the Center for Popular Economics.

Figures and Tables
Foreword
Acknowledgments
Acronyms and Abbreviations
Introduction	p. 1
Power, Profits, and Cooperation in the Global Economy	p. 19
Trade Policy: Who Wins, Who Loses?	p. 47
Crossing Borders: A Case for Cooperation in International Financial Markets	p. 64
Immigration and the World Economy	p. 84
U.S. Militarism and the Global Economy	p. 108
Cocaine Capitalism	p. 123
Can Markets Work in Eastern Europe?	p. 140
The Rise and Fall of the Keynesian Revolution in the Age of the Global Marketplace	p. 163
Global Equity and Environmental Crisis: An Argument for Reducing Working Hours in the North	p. 183
The United States as a Debtor Country	p. 199
Multinational Corporations and the Internationalization of Production: An Industry Perspective	p. 221
The Japanese Model of Production: Cooperation or Coercion?	p. 242
From Junior Partner To...? Japan in the World Economy	p. 258
The Great Trade Debates	p. 274
Managing the Latin American Debt Crisis: The International Monetary Fund and Beyond	p. 289
Foreign Aid and Dependent Development	p. 314
The Crisis of Plenty: Africa	p. 335
The International Economy and the Environment in Latin America	p. 351
The Internationalization of the U.S. Military Industry: A Caribbean Case Study	p. 360
No More NICs	p. 376
Development Strategies in Latin America: Which Way Now?	p. 391
Third World Socialism and the Demise of COMECON	p. 405
Making Connections: Women in the International Economy	p. 421
Glossary	p. 439
The Contributors	p. 450
Index	p. 455
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Creating a New World Economy : Forces of Change and Plans for Action

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