ReviewsQureshi and Jeong have compiled a tour de force on the shifts reshaping the global economy. From US-China competition and geoeconomic fragmentation to the AI revolution and climate change, this volume offers crucial insights into how these forces are altering patterns of production, trade, investment, and finance, upending longstanding power structures. A valuable resource for understanding a rapidly evolving and uncertain outlook., Geopolitics and new digital technologies are transforming the world as we know it.Qureshi and Jeong have assembled a most exceptional collection of experts to draw out the implications., New Global Dynamics tackles the complex and rapid structural change in the global economy and its drivers. Invaluable insights from distinguished authors will help readers understand and then navigate and manage through these transformative changes., Technologyand geopolitics are two of the several forces examined in this book that are transforming national and global economies. This excellent collection of articles by thoughtful scholars, including some well-known names, can help us to think deeper and more broadly about the implications of these forces.
Dewey Decimal320.12
Table Of ContentForeword Changwoo Nam and Brahima Coulibaly Acknowledgments 1. OVERVIEW: Challenges of Managing Transformative Change in the Global Economy Zia Qureshi and Daehee Jeong I. THE FUTURE OF GLOBALIZATION 2. 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 DYNAMICS 4. 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 DYNAMICS 6. Digital Trade Policies and International Cooperation Bernard Hoekman 7. Global Value Chains in a Changing World Siwook Lee IV. NEW FINANCIAL DYNAMICS 8. 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
SynopsisThe world faces a conflux of powerful forces of change. Digital technologies and advances in artificial intelligence are transforming markets, economies, and societies. Global geopolitics is shifting, and the rise of China is challenging the postwar international order led by the United States. Geopolitical tensions are elevated, and so are ......, The world faces a conflux of powerful forces of change. Digital technologies and advances in artificial intelligence are transforming markets, economies, and societies. Global geopolitics is shifting, and the rise of China is challenging the postwar international order led by the United States. Geopolitical tensions are elevated, and so are political polarization and societal anxieties within countries as change creates winners and losers. Nationalist industrial policies and protectionism are surging. Added to this mosaic of change is climate change, which will have profound effects on global patterns of production, investment, and trade. New Global Dynamics analyzes the implications of these transformations and addresses the new challenges institutions and policymakers face at national and global levels. It examines how these changes are affecting the global economy, the future of globalization, international power structures, and competition in markets, delving into the shifting dynamics in industry, trade, and finance. International cooperation has become more daunting, but it is essential in matters ranging from the regulation of new technologies to trade policies to global finance to climate transition. In a more contested world, a rules-based international order has become even more critical