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International Policy Rules and Inequality

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An interdisciplinary group of prominent scholars scrutinizes how the rules of global economic governance—or the lack thereof—determine the extent and growth of inequality. With a focus on achievabl...
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  • 22 January 2019
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Over the past decades, the world has seen a dramatic increase in inequality. To what extent have the rules that govern the global economy, formally or informally, affected this trend? How can global governance arrangements be reformed to counteract them?

In this book, an interdisciplinary group of prominent scholars scrutinizes how the rules of global economic governance—or the lack thereof—determine the extent and growth of inequality. Economists, political scientists, lawyers, and other experienced contributors bring together cutting-edge research on global rule making and inequality, exploring how international rules can exacerbate inequalities among and within countries to show the crucial interactions between policy choices and the distribution of income and wealth. They provide an in-depth examination of the rules governing foreign-investment protection, cross-border financial flows, and intellectual property rights, as well as the lack of standards governing international taxation and the channels through which they might affect inequality. With a focus on ambitious and achievable reforms, this book offers concrete steps toward global economic governance capable of counteracting inequitable wealth distribution and bringing about fairer economic growth.

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Price: $85.00
Pages: 304
Publisher: Columbia University Press
Imprint: Columbia University Press
Series: Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization
Publication Date: 22 January 2019
Trim Size: 9.00 X 6.00 in
ISBN: 9780231190848
Format: Hardcover
BISACs: BUSINESS & ECONOMICS / Development / Economic Development, POLITICAL SCIENCE / Public Policy / Economic Policy, BUSINESS & ECONOMICS / Development / Sustainable Development, BUSINESS & ECONOMICS / Globalization, POLITICAL SCIENCE / Globalization
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Existing structures of global economic governance–institutions and rules embedded in history–are inequitable. Such unfair rules produce unequal outcomes. This bold book, which challenges conventional wisdom, brings together engaging essays at the intersection of economics, politics, and law. It shows how these rules accentuate inequalities between and within countries. And it makes a most valuable contribution by suggesting reforms that are both desirable and feasible.
José Antonio Ocampo is codirector of Banco de la República, Colombia’s central bank, as well as a professor in the School of International and Public Affairs (on leave for public service) and copresident of the Initiative for Policy Dialogue at Columbia University. He formerly held a number of positions with the United Nations and the government of Colombia. His books with Columbia University Press include Too Little, Too Late: The Quest to Resolve Sovereign Debt Crises (2016) and The Welfare State Revisited (2018).

1. International Policy Rules and Inequality: Implications for Global Economic Governance, by José Antonio Ocampo
2. National Inequalities and the Political Economy of Global Financial Reform, by Eric Helleiner
3. Are New Economic Policy Rules Desirable to Mitigate Rising National Inequalities?, by Jonathan D. Ostry, Prakash Loungani, and Davide Furceri
4. The Impact of Foreign Investor Protections on Domestic Inequality, by Manuel F. Montes
5. Investment Treaties, Investor-State Dispute Settlement, and Inequality: How International Rules and Institutions Can Exacerbate Domestic Disparities, by Lise Johnson and Lisa Sachs
6. Capital Openness and Income Inequality: Smooth Sailing or Troubled Waters?, by Kevin P. Gallagher, Guillermo Lagarda, and Jennifer Linares
7. Intellectual Property: A Regulatory Constraint to Redress Inequalities, by Carlos M. Correa
8. The Frustrated TPP and New Challenges for the Global Governance of Trade and Investment, by Osvaldo Rosales
9. The Effects of International Tax Competition on National Income Distribution, by Valpy FitzGerald and Erika Dayle Siu
Contributors
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