Titlebook: Globalization and the State: Volume II; Trade Agreements, In Carlos M. Peláez,Carlos A. Peláez Book 2008 Palgrave Macmillan, a division of

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https://doi.org/10.1057/9780230228290Global economy; globalization; international law; law

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https://doi.org/10.1007/978-3-662-55778-5The most critical vulnerability of the world economy is the possibility that housing events in the United States could create a broader credit contraction. Such an event or a similar shock could erode the perceived quality of US debt, causing disorderly exit out of dollar assets.

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https://doi.org/10.1007/978-3-322-84739-3On the basis of monumental sample of world banking, Barth .. (2006) conclude that the private interest view of regulation is superior to the public interest view. The credit/dollar crisis provides interpretations along these views of regulation.

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Poverty, Inequality, the Environment and Social Issues,One of the most hotly debated issues is the actual path of world poverty and inequality and its relation to openness. The analysis of public goods of Chapter 5 of Volume I is extended in a specific section to regional, international and global public goods GPG.

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International Economic Law,The efforts by the G7 and the IFIs to promote convergence of standards and codes can be characterized as the provision of a GPG. There are numerous advantages of this so-called soft law process in terms of negotiation and the process of creation and implementation of the standards.