Die 8. Auflage dieses Klassikers der Außenwirtschaftslehre vom Wirtschaftsnobelpreisträger 2008 erscheint in einer Zeit, in der die Entwicklung der Weltwirtschaft die nationale Politik und die politischen Debatten stärker beeinflusst als je zuvor. Die Globalisierung hat alle Bereiche erfasst....

"While many political scientists and diplomatic historians see the Bush presidency as a distinctive epoch in American foreign policy, we argue that there was no Bush Doctrine in foreign economic policy. The Bush administration sought to advance a free trade agenda but could not avoid the use of...

"We examine whether the behavior of current account balances changed in the years preceding the global crisis of 2008-09, and assess the prospects for global imbalances in the post-crisis period. Changes in the budget balance are an important factor affecting current account balances for deficit...

"This paper argues that if policymakers seek to enhance global liquidity, then the international community must provide a higher and better coordinated level of fiscal support than it has in the past. Loans to troubled sovereigns or financial institutions imply a credit risk that ultimately must...