Globalization of business need not necessarily pose an overwhelming threat to national economic policies, this volume discusses the options open to national governments to protect themselves from the global business cycle. This work challenges the popular view that globalization threatens the role of the nation-state in determining national policy. It examines the fundamental issue of competitiveness and market power in an increasingly borderless and co-dependent world. Despite this increased threat to the nation-state as an effective manager of the national economy, the authors argue that there are a number of options and alternatives open to governments to protect themselves from the global business cycle.
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