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The world faces a conflux of powerful forces of change. Digital technologies and advances in artificial intelligence are transforming markets, economies, and societies. Global geopolitics is shifting, and the rise of China is challenging the postwar international order led by the United States. Geopolitical tensions are elevated, and so are political polarization and societal anxieties within countries as change creates winners and losers. Nationalist industrial policies and protectionism are surging. Added to this mosaic of change is climate change, which will have profound effects on global…mehr
The world faces a conflux of powerful forces of change. Digital technologies and advances in artificial intelligence are transforming markets, economies, and societies. Global geopolitics is shifting, and the rise of China is challenging the postwar international order led by the United States. Geopolitical tensions are elevated, and so are political polarization and societal anxieties within countries as change creates winners and losers. Nationalist industrial policies and protectionism are surging. Added to this mosaic of change is climate change, which will have profound effects on global patterns of production, investment, and trade. New Global Dynamics analyzes the implications of these transformations and addresses the new challenges institutions and policymakers face at national and global levels. It examines how these changes are affecting the global economy, the future of globalization, international power structures, and competition in markets, delving into the shifting dynamics in industry, trade, and finance. International cooperation has become more daunting, but it is essential in matters ranging from the regulation of new technologies to trade policies to global finance to climate transition. In a more contested world, a rules-based international order has become even more critical
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Autorenporträt
Zia Qureshi is a senior fellow in the Global Economy and Development program at Brookings. His research covers a broad range of global economic issues. He has recently led research projects at Brookings on technology, globalization, and the shifting growth and distribution dynamics in the world today. He previously worked in leadership positions at the World Bank and the IMF, including serving as director, Development Economics, at the World Bank. He led several World Bank and IMF flagship publications. He holds a D.Phil. in economics from Oxford University, where he was a Rhodes Scholar. Daehee Jeong is a senior fellow and director of the Department of Macroeconomic and Financial Policies at the Korea Development Institute (KDI). He previously led the Office of Global Economy at KDI and served as a senior economist at the World Bank. With expertise in international finance, macroeconomic forecasting, and financial regulation, his research has appeared in KDI papers, studies, and academic journals, with a pa
Inhaltsangabe
Foreword Changwoo Nam and Brahima Coulibaly Acknowledgments 1. OVERVIEW: Challenges of Managing Transformative Change in the Global Economy Zia Qureshi and Daehee Jeong I. THE FUTURE OF GLOBALIZATION 2. The New Logic of Globalization: Uncertainty, Volatility, and the Digital Economy Laura Tyson, John Zysman, and Brian Judge 3. Globalization and the Asian Century Wonhyuk Lim II. NEW INDUSTRIAL DYNAMICS 4. Digital Transformation, Digital Markets, and Economic Strategy Diane Coyle 5. Double Standard: Economic Policy is Mostly Industrial Policy Justin Yifu Lin and Célestin Monga III. NEW TRADE DYNAMICS 6. Digital Trade Policies and International Cooperation Bernard Hoekman 7. Global Value Chains in a Changing World Siwook Lee IV. NEW FINANCIAL DYNAMICS 8. The Implications of Digital Technologies for the International Monetary System Eswar Prasad 9. Strengthening the Global Financial Architecture Joon-Ho Hahm and Woo Jin Choi Contributors Index
Foreword Changwoo Nam and Brahima Coulibaly Acknowledgments 1. OVERVIEW: Challenges of Managing Transformative Change in the Global Economy Zia Qureshi and Daehee Jeong I. THE FUTURE OF GLOBALIZATION 2. The New Logic of Globalization: Uncertainty, Volatility, and the Digital Economy Laura Tyson, John Zysman, and Brian Judge 3. Globalization and the Asian Century Wonhyuk Lim II. NEW INDUSTRIAL DYNAMICS 4. Digital Transformation, Digital Markets, and Economic Strategy Diane Coyle 5. Double Standard: Economic Policy is Mostly Industrial Policy Justin Yifu Lin and Célestin Monga III. NEW TRADE DYNAMICS 6. Digital Trade Policies and International Cooperation Bernard Hoekman 7. Global Value Chains in a Changing World Siwook Lee IV. NEW FINANCIAL DYNAMICS 8. The Implications of Digital Technologies for the International Monetary System Eswar Prasad 9. Strengthening the Global Financial Architecture Joon-Ho Hahm and Woo Jin Choi Contributors Index
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