The philosopher George Santayana famously said, “Those who cannot remember the past are condemned to repeat it.” To see how economic mistakes can repeat time and again, you need look no further than recent history.
The Great Depression was the result of a combination of protectionism, populism, and nationalism that combined with bad government policy to make a toxic brew that mired the U.S. and much of the world in an economic downturn for nearly a decade, with effects comparable to a major war. Less than a century later, the Great Recession of 2007-2008 brought a repeat of the financial devastation of its precursor, even if some of the circumstances leading to it had changed with the times. Similar events can be traced throughout other parts of the world, as exemplified by the Greek debt crisis that resulted when the nation gave up the ability to set its own monetary policy as it joined other nations linked by the euro as common currency.
International Economic Institutions: Globalism vs. Nationalism uses these influential organizations as a lens to study today’s globalized economy. In 24 eye-opening half-hour lectures, award-winning teacher and economist Professor Ramon P. DeGennaro of the University of Tennessee, Knoxville, conducts you through the dizzying array of groups, their backgrounds, goals, and the important roles they play in the economic life of the entire world.
In a lively and fascinating presentation that covers major principles of political economy, international finance and trade, and macroeconomics, Professor DeGennaro analyzes these organizations in depth to reveal their strengths and weakness. In the process, he presents a panoramic portrait of globalization with all its intriguing connections.
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