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The World Economy in the New Millennium: A New Golden Age?

Richard Snape Lecture

On 30 November 2006, Professor Deepak Lal gave the fourth Richard Snape Lecture, The World Economy in the New Millennium: A New Golden Age?, at the Productivity Commission's office in Melbourne.

Deepak Lal is James Coleman Professor of International Development Studies, University of California at Los Angeles, Professor Emeritus of Political Economy, University College, London and former Research Administrator at the World Bank. He is an adjunct scholar at the Cato Institute, and a member of the Mont Pelerin Society. He is also on the Board of the Liberty Institute, New Delhi, the Free Market Foundation, Johannesburg, the Liberty Institute, Warsaw, and the European Center for International Political Economy, Brussels.

Richard Hal Snape was Deputy Chairman of the Productivity Commission and Emeritus Professor of Monash University. He was a Board Member of the Australian Research Council, Fellow of the Academy of the Social Sciences in Australia and a Distinguished Fellow of the Economic Society of Australia. The lecture series was established by the Productivity Commission in his memory following his untimely death in 2002. This is the fourth lecture in the series, which aims to elicit contributions on important public policy issues from internationally recognised figures, in a form that is accessible to a wide audience.

CONTENTS

Preliminaries
Cover, Copyright, Contents, Foreword

1   The origins of capitalism

2   Globalization

3   The first liberal international economic order (LIEO)

4   The second LIEO

5   Economists' fears

6   The enemies of globalizing capitalism

7   Conclusions

References

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