Economic Policy Transformations in the Era of Globalisation

Economic Policy Transformations in the Era of Globalisation delves into the critical field of economic policy, distinguishing it from mere economic analysis by focusing on government decisions, institutional choices, and the pursuit of socially desirable goals. In an increasingly interconnected world, understanding how governments shape economic outcomes is paramount. However, this endeavor is fraught with challenges, including pervasive market failures, macroeconomic instabilities like unemployment and inflation, and the complex impacts of globalized markets, capital mobility, and international payment imbalances.This book systematically explores the theoretical foundations of economic policy, examining both normative principles and positive realities, including government failures. It meticulously covers microeconomic interventions concerning property rights, competition, industrial, and social policies, alongside methods for social choice. Furthermore, it details macroeconomic frameworks, monetary, fiscal, and trade policies, and the roles of international monetary systems and development organizations. The text also scrutinizes regional public institutions, such as the European Union, and the profound challenges globalization poses to public policies.This comprehensive resource is essential for students, researchers, and policymakers seeking to navigate the complexities of contemporary economic governance.