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The world is facing a conflux of powerful forces of change. The global economy, and political economy, are experiencing profound shifts as institutions and policies at both the national and international levels confront new challenges. In this book, leading experts explore the implications of these challenges.
List of contents
Foreword
Acknowledgments
1.
OVERVIEW: Challenges of Managing Transformative Change in the Global Economy
Zia Qureshi and Daehee Jeong
I.
THE FUTURE OF GLOBALIZATION2. The New Logic of Globalization: Uncertainty, Volatility, and the Digital Economy
Laura Tyson, John Zysman, and Brian Judge
3. Globalization and the Asian Century
Wonhyuk Lim
II. NEW INDUSTRIAL DYNAMICS4. Digital Transformation, Digital Markets, and Economic Strategy
Diane Coyle
5. Double Standard: Economic Policy is Mostly Industrial Policy
Justin Yifu Lin and Célestin Monga
III. NEW TRADE DYNAMICS6. Digital Trade Policies and International Cooperation
Bernard Hoekman
7. Global Value Chains in a Changing World
Siwook Lee
IV. NEW FINANCIAL DYNAMICS8. The Implications of Digital Technologies for the International Monetary System
Eswar Prasad
9. Strengthening the Global Financial Architecture
Joon-Ho Hahm and Woo Jin Choi
Contributors
Index
About the author
Zia Qureshi is a senior fellow in the Global Economy and Development program at Brookings. His research covers a broad range of global economic issues. He has recently led research projects at Brookings on technology, globalization, and the shifting growth and distribution dynamics in the world today. He previously worked in leadership positions at the World Bank and the IMF, including serving as director, Development Economics, at the World Bank. He led several World Bank and IMF flagship publications. He holds a D.Phil. in economics from Oxford University, where he was a Rhodes Scholar.
Daehee Jeong is director of the Department of Macroeconomic and Financial Policies at the Korea Development Institute (KDI). He previously led the Office of Global Economy at KDI and served as a senior economist at the World Bank. With expertise in international finance, macroeconomic forecasting, and financial regulation, his research has appeared in KDI papers, studies, and academic journals, with a particular focus on Korea's macroeconomic management and policy planning. He holds a Ph.D. in economics from the Texas A&M University.
