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Will global capitalism fall again?

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  • Jeffry Frieden

Abstract

In this lecture, given at Bruegelâ??s Annual Meeting in June, 2006, Jeffry Frieden focuses on why the first era of globalisation could not be restored, and why it was ultimately replaced by a system based on the rules of Bretton Woods. The historical experience of global capitalism shows, he argues, that whatever globalisationâ??s benefits, persuasion alone will not suffice to make it politically sustainable. Frieden ultimately calls for the legitimate political governance of globalisation as well as appropriate domestic policies to compensate those who lose out in the process.

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Bibliographic Info

Paper provided by Bruegel in its series Essays and Lectures with number 16.

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Date of creation: Jun 2006
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Handle: RePEc:bre:esslec:16

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Cited by:
  1. Joshua Mason and Arjun Jayadev, . "Fisher Dynamics in Household Debt: The Case of the U.S. 1929-2011," Working Papers 13, University of Massachusetts Boston, Economics Department.
  2. Rodrik, Dani, 2007. "How to Save Globalization from its Cheerleaders," CEPR Discussion Papers 6494, C.E.P.R. Discussion Papers.
  3. Annette Bongardt & Francisco Torres, 2007. "Is the “European Model” viable in a globalized world?," Working Papers de Economia (Economics Working Papers) 46, Departamento de Economia, Gestão e Engenharia Industrial, Universidade de Aveiro.
  4. André Sapir & Alan Ahearne & Jean Pisani-Ferry & Nicolas Véron, 2006. "Global governance: an agenda for Europe," ULB Institutional Repository 2013/8104, ULB -- Universite Libre de Bruxelles.

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