Over the past decades, the world has seen a dramatic increase in inequality. To what extent have the rules that govern the global economy, formally or informally, affected this trend? How can global governance arrangements be reformed to counteract them?
In this book, an interdisciplinary group of prominent scholars scrutinizes how the rules of global economic governance—or the lack thereof—determine the extent and growth of inequality. Economists, political scientists, lawyers, and other experienced contributors bring together cutting-edge research on global rule making and inequality, exploring how international rules can exacerbate inequalities among and within countries to show the crucial interactions between policy choices and the distribution of income and wealth. They provide an in-depth examination of the rules governing foreign-investment protection, cross-border financial flows, and intellectual property rights, as well as the lack of standards governing international taxation and the channels through which they might affect inequality. With a focus on ambitious and achievable reforms, this book offers concrete steps toward global economic governance capable of counteracting inequitable wealth distribution and bringing about fairer economic growth.
Table of Content
1. International Policy Rules and Inequality: Implications for Global Economic Governance, by José Antonio Ocampo
2. National Inequalities and the Political Economy of Global Financial Reform, by Eric Helleiner
3. Are New Economic Policy Rules Desirable to Mitigate Rising National Inequalities?, by Jonathan D. Ostry, Prakash Loungani, and Davide Furceri
4. The Impact of Foreign Investor Protections on Domestic Inequality, by Manuel F. Montes
5. Investment Treaties, Investor-State Dispute Settlement, and Inequality: How International Rules and Institutions Can Exacerbate Domestic Disparities, by Lise Johnson and Lisa Sachs
6. Capital Openness and Income Inequality: Smooth Sailing or Troubled Waters?, by Kevin P. Gallagher, Guillermo Lagarda, and Jennifer Linares
7. Intellectual Property: A Regulatory Constraint to Redress Inequalities, by Carlos M. Correa
8. The Frustrated TPP and New Challenges for the Global Governance of Trade and Investment, by Osvaldo Rosales
9. The Effects of International Tax Competition on National Income Distribution, by Valpy Fitz Gerald and Erika Dayle Siu
Contributors
Index
About the author
José Antonio Ocampo is codirector of Banco de la Republica (Colombia’s central bank), professor in the School of International and Public Affairs (on leave for public service), and copresident of the Initiative for Policy Dialogue at Columbia University. His books with Columbia University Press are Growth and Policy in Developing Countries: A Structuralist Approach (2009, coauthor), Development Cooperation in Times of Crisis (2012, coedited with José Antonio Alonso), and Too Little, Too Late: The Quest to Resolve Sovereign Debt Crises (2016, also coedited with Joseph E. Stiglitz), and The Welfare State Revisited (2018).
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