Binding: Paperback
Description: How to sustain an international system of cooperation in the midst of geopolitical struggle Can the international economic and legal system survive today's fractured geopolitics? Democracies are facing a drawn - out contest with authoritarian states that is entangling much of public policy with global security issues. In Global Discord Paul Tucker lays out principles for a sustainable system of international cooperation showing how democracies can deal with China and other illiberal states without sacrificing their deepest political values. Drawing on three decades as a central banker and regulator Tucker applies these principles to the international monetary order including the role of the U. S. dollar trade and investment regimes and the financial system. Combining history economics and political and legal philosophy Tucker offers a new account of international relations. Rejecting intellectual traditions that go back to Hobbes Kant and Grotius and deploying instead ideas from David Hume Bernard Williams and modern mechanism - design economists Tucker describes a new kind of political realism that emphasizes power and interests without sidelining morality. Incentives must be aligned with values if institutions are to endure. The connecting tissue for a system of international cooperation he writes should be legitimacy creating a world of concentric circles in which we cooperate more with those with whom we share the most and whom we fear the least.
Title: Global Discord Values And Power In A Fractured World Order
Author(s): Tucker Paul
Publisher: Princeton University Press
Barcode: 9780691232089
Pages: 560 Pages
Publication Date: 4/2/2024
Category: Economic History