The struggle for world leadership between China and the United States, resulting in Russia's war with Ukraine, among other things, underscores the reality of structural changes in the global economy and the global system. This book explains that a new era of egocentrism and polycrisis in a multipolar system has emerged in international economic policy, with a strong drive toward interventionism and protectionism of national economies. Dynamic economic imbalances are becoming a constant factor in disrupting international competitiveness and forcing changes in both monetary policy and general economic policy. This prompts a new, more pragmatic definition of fundamental concepts in the theoretical sphere as well as an up-to-date and viable cause-and-effect narrative that is not disconnected from decision-making processes in the economic and political spheres.
This book provides a comprehensive diagnosis of the current global economy landscape and evaluates the processes affecting the economic and financial realities and the effectiveness of economic policies. The recent dynamics have rendered much of the existing literature outdated or confined to individual economies, economic systems, and regions. The book describes the evolution of international economic policy, offering a comparative analysis of foreign trade theories, especially in the context of macroeconomic trends and the impact of international trade in goods and services in the new balance of power of the global economy.
Targeted primarily at academics, students, and researchers in economics, finance, international relations, and management, it will also serve as a valuable resource for policymakers shaping and implementing contemporary state economic policies.
1. International economic policy - theory and practice 2. The great reset and the new global economic order 3. Opportunities and threats of global socio-economic processes - selected aspects 4. Realism of market economy models in the face of the challenges of the new world order 5. Current and expected fragmentation of the global economy: its reasons, evidence, and consequences 6. International financial system versus economic stability 7. Banking sector macro-stability in the post-pandemic environment 8. The polycrisis and the political economy of natural resources 9. The military and economic potential of the countries globally - assessment and analysis of the impact on international security 10. The impact of the Covid-19 pandemic on economic and social change in the world order 11. Sustainable development and post Covid-19 pandemic, in mainstream socio-economic models 12. The inconvenient truth about personal income taxation in the international economic policy 13. Financing our global commons in the Anthropocene era: new monetary policy and financial engineering instruments to fund, hedge, and manage our global commons
