The World Economy

1. Front Matter

   Pages I-XIV

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2. World Economy: Challenges of Globalization and Regionalization

   1. World Economy: Challenges of Globalization and Regionalization

      • Marjan Svetličič, Hans Singer

      Pages 15-38

3. Transformation of the Global Economy

   1. Front Matter

      Pages 39-39

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   2. The Emerging World Economic Order and the Criteria of Acceptability

      • Jack N. Behrman

      Pages 41-54

   3. International Involvement or Autarky? A Simple Analytic Framework

      • H. Peter Gray

      Pages 55-64

   4. The Discrepancy between National and International Governance

      • Louis Emmerij

      Pages 65-80

   5. Globalization, Economic Integration, and Political Disintegration

      • Marjan Svetličič

      Pages 81-98

   6. The Competitive Potential of Technology — Intensive Industries in Developing Countries

      • Yair Aharoni, Seev Hirsch

      Pages 99-117

   7. Economies in Transition and Development Economics

      • Marjan Senjur

      Pages 119-134

4. Challenges of the Regionalization of the World Economy

   1. Front Matter

      Pages 135-135

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   2. Globalization and Regionalization in the 1980s and 1990s

      • Charles Oman

      Pages 137-152

   3. Is a Genuine Partnership Possible in a Western Hemisphere Free Trade Area?

      • Hans W. Singer

      Pages 153-164

   4. Antagonism or Equanimity: U.S. Multinationals and Regional Trading Blocs

      • Louis T. Wells Jr

      Pages 165-186

   5. Global Competition Moulds European Multinationals’ Responses to Regionalization

      • John M. Stopford

      Pages 187-213

   6. Multilateralism versus Regionalism from the Perspective of the Central and Eastern European Countries

      • Metka Stare

      Pages 215-227

   7. Consequences of European Integration for Developing Countries

      • Erich Scherzer

      Pages 229-246

5. Back Matter

   Pages 247-254

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The process of globalization can be seen in the increase of: trade interdependence, the importance of global multinational corporations, mobility and volatility of capital flows (with dangers demonstrated by the recent Mexican crisis). This globalization creates both dangers and new opportunities, both winners and losers. The parallel growth of regional blocs is equally hazardous, particularly for countries left outside the regional blocs. The book, with contributions by eminent experts, describes the impact of both globalization and regionalization and the relationship between these two dominant trends.

• development economics
• Eastern Europe
• economic integration
• European integration
• Global economy
• globalization
• growth
• regionalization

• University of Ljubljana, Slovenia

  Marjan Svetličič

• Institute of Development Studies, University of Sussex, UK

  H. W. Singer

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