A fire sale of US debt could cause a global recession through disorderly devaluation of the dollar, raising interest rates and crashing stock markets. The G7 doctrine of shared responsibility intends to coordinate regional efforts. This book analyzes the main issues and individual regions,...

This book provides institutional information and uses analytical tools to explains why governments should intervene in economies affected by globalization. With analysis of current country experiences and issues, this book is an essential read for all interested in the demands on economic policy...