Developed Nations and the Economic Impact of Globalization

1. Front Matter

   Pages i-xii

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2. A Summary Analysis of the Globalization’s Dynamism

   • Ken Moak

   Pages 1-18

3. Globalization: Drivers and Effects

   • Ken Moak

   Pages 19-47

4. History of Globalization: European Colonization and Bretton Woods

   • Ken Moak

   Pages 49-73

5. Bretton Woods International Trade and Financial Organizations

   • Ken Moak

   Pages 75-95

6. GATT, Rounds of Negotiations, and the World Trade Organization

   • Ken Moak

   Pages 97-120

7. Selected Bilateral and Regional Trade and Investment Agreements

   • Ken Moak

   Pages 121-146

8. The Group of Seven and Group of Twenty

   • Ken Moak

   Pages 147-166

9. The 2008 Global Financial Crisis: Effects on the Global Economy

   • Ken Moak

   Pages 167-187

10. The Washington Consensus Versus The Beijing Consensus

    • Ken Moak

    Pages 189-209

11. BRICS and China Initiated Global Trade Initiatives and Financial Institutions: Alternatives to the US-Dominated IMF and WBG and ADB

    • Ken Moak

    Pages 211-223

12. The Future of Globalization: Should It Be Promoted or Ended?

    • Ken Moak

    Pages 225-246

13. A Final Word on Globalization

    • Ken Moak

    Pages 247-251

14. Back Matter

    Pages 253-259

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This book discusses the economic and geopolitical effects of globalization from historical and institutional perspectives. While it has had unintended consequences, such as displacing developed countries' dominance of production markets, the overall benefits of globalization far outweigh the costs. Moak argues that leading developed nations should not fear globalization but, instead, make concerted efforts to promote it in order to keep the cost-benefit balance weighing in favor of economic enhancement and geopolitical stability. Having incurred huge private and public debts as well as a weak monetary policy posture, many developed nations have been unable to recovery from the 2008 financial crisis. Moreover, geopolitical tensions are rising due to the power rivalry between the United States, China, and Russia over a host issues, including trade imbalances and geopolitics. This book aims to provide stakeholders with the relevant and necessary information to hold an objective debate on globalization. Ultimately, this book is about globalization— what it is, how it impacts the global economy and polity, and why it is needed now more than any other time in human history.  

• globalisation
• geopolitical shift
• developing countries
• Brazil Russia India China South Africa
• China Model
• Chinese Economic Model
• geo-economy
• Western neoliberalism
• state capitalism
• trade initiatives

• Capilano University , North Vancouver, Canada

  Ken Moak

Ken Moak is retired from Capilano University, Canada, where he taught for over 30 years. He is the coauthor of China's Economic Rise and Its Global Impact. He worked as an economist with the government in British Columbia, Canada for five years. 

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