International Political Economy - Nova Science Publishers Inc

Understand the shift from closed macroeconomic models to the modern era of global economic coordination. This book explores how economic literature has evolved from a focus on national solutions, such as fiscal and monetary policies, to a world where policy coordination is a requirement for achieving national objectives. Historically, policymakers relied on domestic tools to improve economic situations, treating exchange rate policy as a secondary measure. However, the changes seen in the 1980s and 1990s transformed this perspective. This text examines why the lack of coordination can impact the positive effects of national strategies in an interconnected world. It is an essential resource for students and professionals studying economic conditions and the changing landscape of global policy.