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It's no secret that the nearly 200 nations in the world have a hodge-podge of governance systems. What's the problem with this disparate nature of how governments operate? The answer, Ralph Bryant says, is that disorderly and competing systems produce faulty decisions that cause damage within countries, across borders between them.
Turbulent Waters: Cross-Border Finance and International Governance advocates faster progress in reforming the international financial system. Its most important theme is the need for national governments and international organizations to upgrade their collective efforts at crisis prevention and prosperity management.
Today's world is organized politically into nation states with sovereign national governments. But as Ralph C. Bryant explains in Turbulent Waters, the world's economic structure is outgrowing its political structure.
Considers how much national governments might benefit from coordination of their macroeconomic stabilization polices, the circumstances in which they might cooperation; and how ambitious that cooperation should be. Ralph A. Bryant argues that the potential benefits of attempted coordination are often greater than the potential risks.
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