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Will global capitalism fall again?

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  • Jeffry Frieden

Abstract

In this lecture, given at Bruegel‘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 globalisation‘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.

Suggested Citation

  • Jeffry Frieden, 2006. "Will global capitalism fall again?," Essays and Lectures 16, Bruegel.
  • Handle: RePEc:bre:esslec:16
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    Cited by:

    1. Rodrik, Dani, 2007. "How to Save Globalization from its Cheerleaders," CEPR Discussion Papers 6494, C.E.P.R. Discussion Papers.
    2. Joshua Mason and Arjun Jayadev, "undated". "Fisher Dynamics in Household Debt: The Case of the U.S. 1929-2011," Working Papers 13, University of Massachusetts Boston, Economics Department.
    3. Jacques Mistral, 2011. "Transatlantic Economic Policy Co-ordination at a Crossroad: Why it is Badly Needed and How it Would Improve the Work of the G20," Chapters,in: Global Governance and the Role of the EU, chapter 2 Edward Elgar Publishing.
    4. Francisco Torres & Annette Bongardt, 2007. "Is the ‘European Model’ viable in a globalized world?," NIPE Working Papers 20/2007, NIPE - Universidade do Minho.
    5. 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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