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Looking at all sides of the globalization debate, this book analyzes how international economic policy is made and how it has become so controversial. The author offers a solution to the debate between free trade/unregulated markets and the push for greater government involvement that is consistent with both economic efficiency and social justice

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Preface Introduction Why Economic Theory Can´t Tell us What to Do about Policy Why Empirical Data Can´t Tell us What to Do about Policy Why Fairness Can´t Tell us What to Do about Policy Why Democracies Won´t Choose the Best Policies The Pursuit of Profit Involuntary Transfers Voluntary Exchange and Competition Voluntary Transfers A New Guide to Policy Choice in an Era of Globalization A Policy Plan for the US Bibliography

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"Suranovic offers a timely and accessible new perspective on economic issues in the era of globalization. In this thought-provoking work, he tackles common misconceptions and proposes principled ways to bridge the chasms between the extremes of modern policy debates." - Philip I. Levy, Resident Scholar in Economics at the American Enterprise Institute"Recommended." - Choice

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STEVE SURANOVIC Associate Professor of Economics and International Affairs at the George Washington University, USA.

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