Multipolar governance and global imbalances

The deficiency of financial regulation and the presence of large macroeconomic global imbalances should be considered complementary interpretations of the global economic and financial crisis. The risk we face is that a new expansionary phase will bring back large and growing external imbalances, which will keep world growth on an unsustainable path. At the international level there is a classical 'collective action' problem to address since if export growth oriented strategies are pursued by all major countries they will generate a deflationary bias in world demand. This article explores how multilateral cooperation and international institutions can become reengaged with, and provides a meaningful device for addressing, these new issues and problems. It is necessary to restore shared rules of the game for international macroeconomic adjustment. This means endorsing a strengthened surveillance regime for the IMF in order to induce more compatible macroeconomic policies. In this regard, the IMF should have enforcement rule incentives and mechanisms, otherwise we are going to repeat past negative experiences where peer pressure did not produce significant results. © 2010 The Author(s). Journal Compilation © 2010 Blackwell Publishing Ltd/The Royal Institute of International Affairs

Le sfide dell’economia globale: tra opportunità di crescita e rischi geoeconomici

Le sfide dei mercati emergenti e la collocazione internazionale dell'economia italian

The Economic Impact of Digital Technologies: Measuring Inclusion and Diffusion in Europe

The Economic Impact of Digital Technologies offers a profoundly illuminating examination of ICT transformations in Europe and its critical role in greater social inequality. It presents scholars and policy makers with original and practical tools to benchmark and assess the ICT diffusion and inclusion process. The core message of book is that a coherent European strategy for embedding ICT technologies in society is long overdue. Social differences in ICT use persist and are in some cases widening, yet despite this fact there is a dearth of research on remedying digital inequalities. This is of particular importance given that relative levels of ICT use, investment and research can often explain variations in economic performance between industrialised countries. The purpose of this book is to fill the gap in the literature by presenting key evidence on the economic benefits (and costs) deriving from investment in an inclusive information society. The authors propose indicators and indexes of digital development and e-Inclusion (and its flip-side e-exclusion) to assess the relationship between inclusive ICT and wider economic and social performance in Europe. Presenting the methodology to monitor countries' performance and ICT use, together with original measures and policy suggestions, this book will be indispensable to policymakers, scholars and postgraduate students in a variety of areas including economic growth, innovation, industrial and organizational studies, information and technology, European studies, and public and social policy