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Racing to the Top: How Global Competition Disciplines Public Policy: A Reprint from the Federal Reserve Bank of Dallas 2005 Annual Report
Presents a view of globalization’s impact on the e

Our Price: $25.00
By W. Michael Cox (au); Richard Alm (au); Richard W. Fisher (fr)
Year: 2005
Pages: 15
Binding Paperback

Product Code: 1437907202

Presents a view of globalizationís impact on the economy and its effect on a wide range of public policies. The essay notes a striking correlation between increasing globalization and better economic policies. A good example is price stability. In a world where capital moves at light speed, nations that allow inflation to erode the value of their money face stiff penalties in the form of capital flight. Sound money has become imperative, and inflation has been receding in all parts of the world over the past two decades. Full-color charts and graphs.

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