International economics Books

Book SynopsisReform of public sector governance is a well-established global trend, both in government and business, as countries move from traditional bureaucracies to management modelled on the private sector. This book offers a striking and original comparison of recent developments drawing on two of the leading innovators - the UK and Australia, and on one of the classic East Asian administrative systems in Korea. Its novelty lies in the parallel comparison with reform of the governance of the business corporation and the 'read across' from change in the private sector to change in the public sector. Also identified are the ways in which the reforms taking place have been influenced by international models.The authors, all leading academics in Australia, Britain and Korea, base their analyses on original research. The book's main sections deal with private sector management, privatisation and public enterprises, corporate governance, and government-business relations. Conclusions are drawn regarding possible future policy and changing trajectories of reform as well as about the content, success and extent of national reforms in a global setting.Reforming Public and Corporate Governance will be of interest to political scientists, political economists and East Asian scholars, as well as academics, researchers, policymakers and NGOs involved in public policy and management.Trade Review'. . . provides useful and interesting accounts of particular aspects of public and private sector developments in Australia, Britain and Korea. It will be read mainly by academic specialists, though particular chapters can be suitable for under-graduate teaching purposes in Australia.' -- Hans Lofgren, Australian Journal of Public AdministrationTable of ContentsContents: Preface 1. Introduction Part I: Public Sector Reform 2. Administrative Reform in the Korean Central Government: A Case Study of the Dae Jung Kim Administration 3. Public Sector Reform in Australia 4. Beyond the ‘New Public Management’: Regulated Partnerships in Britain Part II: Public Enterprises 5. Reforming Public Enterprises in South Korea 6. Public Enterprise Divestments in Australia: A Turn-of-the-Century Review 7. Utility Regulation, Competition Policy and Regulatory Reform in Britain Part III: Corporate Governance 8. Transforming the Corporate Governance of Korean Firms 9. New Ownership Structures and the Governance of Australian Corporations 10. Corporate Governance and the Company Law Review in Britain Part IV: Government–Business Relations 11. Government–Business Relations and Globalization: The Australian Experience 12. Government–Business Relations: The Korean Experience 13. Conclusion References Index

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Book SynopsisWhilst contemporary economies are innovative, they are also predominantly service economies in so much as services are the main source of wealth and employment. However, there is still considerable unwillingness to consider innovation in terms of services, a paradox rooted in an obsolete conception which regards manufacturing as the only engine of growth. In this book Faiz Gallouj propounds a theoretical framework which describes and evaluates the main approaches to analysing and understanding innovation in services. He provides interesting and extensive empirical material on the nature and sources of innovation in various services sectors and countries, and makes an original contribution both to theories of innovation in services and theories of innovation in general. Taking both an evolutionary and conventionalist stance, he demonstrates that services, and more importantly innovations in services, can be regarded as the new wealth of nations.This informative and original book will prove invaluable to academics and students interested in economics, innovation, structural change, sociology and management. It will also be welcomed by practitioners and managers in service organisations.Trade Review'. . . this is a book worth reading.' -- Peter Clarke, Entrepreneurship and Innovation'This is one of the first dedicated attempts to focus on the economics of innovation in the service economy. The book provides a detailed analysis of the conditions that shape and direct the introduction of innovations in services. In so doing it makes an important step towards integrating the analysis of quality and variety into the economics of innovation and knowledge.' -- Cristiano Antonelli, University of Turin and Collegio Carlo Alberto, Italy'Activities in the service sectors of the economy used to be considered unproductive. Until very recently, they were considered un-innovative, in spite of accounting for well over half of output in the advanced countries of the world. Faiz Gallouj destroys this myth. Not only are service sectors the major investors today in equipment based on information and communications technologies, they are also the source of other innovations, both technological and organisational. His book is a major landmark in our mapping of the so-called service economy.' -- The late Keith Pavitt, formerly of SPRU - Science and Technology Policy Research, University of Sussex, UKTable of ContentsContents: Introduction 1. Innovation in Services: A Brief Survey 2. An Extended Lancasterian Approach for Goods and Services 3. Models of Innovation Derived from a Characteristics-Based Approach 4. The Organization of Innovation and the Characteristics-Based Approach 5. Models of Innovation and Evolutionary Theory 6. Characteristics, Worlds of Production and Worlds of Innovation Conclusion Bibliography Index

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Book SynopsisIt is a widely held view that politics plays an important role in determining international trade policy. Defining precisely why, and how, politics matters is more difficult. Despite the benefits of trade, few nations have wholeheartedly adopted free trade policies, and when they do so it is by managing trade through international institutions and multi- or bilateral trade treaties.International Trade and Political Institutions broadens the public choice theory of trade politics to allow for the study of ideas and institutions within a longer time horizon. The authors use theoretically rigorous historical analysis of international political economy and four important case studies to help untangle the role of ideology, institutions and interests. This illuminating book connects the fields of economics, political economy and history to shed new light on trade theory.Scholars of political science and economy, economics and history will all find this book fascinating and worthwhile reading.Trade Review'This stimulating and well-written volume is based on the papers originally presented at a mini-conference held at Washington University in St. Louis . . . I do not exaggerate in saying that this should be standard reading for international relations theorists as well as economists and economic historians interested in the political economy of trade reform.' -- John V.C. Nye, EH.Net'In International Trade and Political Institutions, four leading young scholars of comparative and international political economy come together to analyse aspects of trade policy from the late eighteenth to the early twentieth centuries. Combining theoretical sophistication with empirical depth, they provide cogent arguments about the interaction of interests, institutions, and ideas in a period of crucial importance to those who would like to understand the sources and implications of global economic integration. This exciting volume will be of great interest for scholars concerned with international trade, political economy, and the history of the nineteenth-century world economy.' -- Jeffry A. Frieden, Harvard University, US'This fascinating volume should be read by political scientists, economists, and historians interested in the political formation of trade policy. The papers consider a rich set of historical examples and never fail to be provocative and interesting.' -- Douglas Irwin, Dartmouth College, USTable of ContentsContents: Preface 1. Tariffs and Modern Political Institutions: An Introduction 2. Agreeable Duties: The Tariff Treaty Regime in the Nineteenth Century 3. Trading Free and Opening Markets 4. Irish Potatoes, Indian Corn and British Politics: Interests, Ideology, Heresthetic and the Repeal of the Corn Laws 5. The Strategic Use of Ideas: Nationalizing the Interest in the Nineteenth Century 6. A Unifying Theory of Interests, Institutions and Ideas? Concluding Remarks References Index

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Book SynopsisEconomic Crisis Management discusses contemporary and economic policy and its application to major crisis economies in Asia. The book contains a collection of studies by international experts in economics and finance with special focus on major aspects of the economic management of the Asia crisis. Monetary and fiscal policies are analysed, and the implementation, outcomes and prospects of financial reform are considered. The contributors go on to discuss modern theories and practices of economic management and successes and failures in Asian crisis management. Initiatives to prevent or deal more effectively with future economic crises in the region are also evaluated.Economic Crisis Management will appeal to a wide-ranging audience including: students, researchers and academics with a special interest in economics and commerce, policymakers, government advisers, business and development economists, corporate planners and commerce analysts.Trade Review'. . . the book is informative and interesting for readers. Both academics and policymakers can benefit from the theoretical perspectives and the insight into the countries' experiences.' -- Sakulrat Montreevat, ASEAN Economic BulletinTable of ContentsContents: 1. Economic Crisis Management: An Overview 2. Economic Management and Recent Financial Crises 3. Monetary and Fiscal Policy and Crisis Economies 4. Economic Reforms and Constitutional Transition 5. Thailand’s Financial and Economic Crisis – Evaluating Alternative Policies for Economic Recovery 6. Financial Crisis Management in Korea: Processes and Consequences 7. Vietnam: Economic and Financial Management 8. The Philippines: Crises and Economic Crisis Management 9. Indonesia: Managing Economic and Social Collapse 10. Singapore: Economic Management During and After the Asia Crisis 11. Management of Economic and Financial Crises: Synthesis and the Road Ahead

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Book SynopsisThe current trend towards globalization is posing a substantial challenge to SME clusters to restructure and reach out to distant markets and knowledge sources, while at the same time exploiting the advantages of local factors and agglomeration. This book represents a first attempt to analyze these issues in detail, employing novel empirical evidence.The authors focus on Small and Medium-sized Enterprises (SMEs) in Italy and Taiwan, two countries in which these businesses characterize the national industrial structure. They find that in the current climate of globalization, there is no best practice model for organizing an industrial cluster since a diversity of successful institutional arrangements is possible. They demonstrate that over time SME clusters can evolve and that globalization can reshape their upgrading options by providing a variety of international knowledge linkages. Thus, the authors conclude that the development of local and global networks and new interactive modes of knowledge creation, which have co-evolved as a result of globalization, have provided the necessary conditions for competitive survival. Taking a multidisciplinary approach, the authors utilize a number of analytical tools to evaluate their survey data and present an original comparison between the experiences of two countries that are facing the challenges of globalization, often with differing strategies. This book will be of great interest to industrial and international economists, policymakers, and corporate and SME managers.Trade Review'This book is rich in interesting ideas and new information. Its analysis of Italian and Taiwanese industrial districts in low and high technology activities is particularly rewarding, tracing different sources of dynamism and responsiveness to global challenges. The authors' emphasis on the links between local and international networks captures precisely the elements that determine the growth of small enterprises today. The book is a "must" for anyone working on SMEs, East Asian growth, industrial districts, innovation and globalisation.' -- The late Sanjaya Lall, Oxford University (at the International Development Centre at Queen Elizabeth House), UK'This book integrates very well the topical themes of industrial clusters in local districts and the global links provided by multinational companies. The international comparison of Italy and Taiwan serves as a fascinating context for this discussion.' -- John Cantwell, Rutgers University, USTable of ContentsContents: Foreword 1. Introduction 2. Models of Industrial Clusters’ Evolution and Changes in Technological Regimes 3. The Dynamics of Italian Industrial Districts: Towards a Renewal of Competitiveness? 4. The Dynamics of Taiwan’s SMEs: The Case of Electronics 5. Small Firms Competing in Globalized High-tech Industries: The Co-evolution of Domestic and International Knowledge Linkages in Taiwan’s Computer Industry 6. New Challenges for Industrial Clusters and Districts: Global Production Networks and Knowledge Diffusion Bibliography Index

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Book SynopsisQuestions related to the economics of regionalism became increasingly important beginning in the late 1980s, when regional groupings started to become very popular as a tool of commercial policy. The goal of this book is to address the question of whether or not regionalism in developed countries has truly benefited developing countries and to what degree regionalism among developing countries and between developed and developing countries will improve economic development prospects. Mordechai Kreinin and Michael Plummer consider the implications of the emerging global trend of economic regionalism for developing countries. The analysis focuses on the trade and investment effects of integration in developed countries on developing countries, as well as the ramifications of regional integration in the latter. After an extensive review of the theoretical and empirical literature pertinent to the economics of regionalism, the book considers the ex-post trade and direct-foreign-investment effects of the Single Market Program in Europe and NAFTA, followed by chapters on ASEAN and economic integration in Latin America, primarily MERCOSUR. The study suggests three salient conclusions. First, in designing preferential trading arrangements, developed countries should recognize and attempt to minimize the possible discriminating effect on developing countries. Second, the developing countries have an abiding interest in the success of WTO negotiations that would minimize the discrimination against them of regional groupings in Europe and North America. And third, any customs unions or free-trade areas among the developing countries themselves should be outward-looking if they are to enhance the welfare of developing countries.Economists and policy scholars, as well as readers interested in regionalism and economic development, will find this book a great resource.Trade Review'The intriguing and provocative results on the effects of the single European market and NAFTA make this short book worth a read, even if one is concerned only with how developing countries have been affected by regional trade agreements that do not include them.' -- Peter J. Montiel, Journal of Regional Science'This book is an excellent attempt to pin down the effects of regional economic integration on developing countries. . . it will prove to be a good guide for researchers and students of development economics working in the area of regional trading arrangements, and policymakers and governments which are in the process of exploring the possibilities of forming free trade areas.' -- Pravakar Sahoo, Development Policy Review'Students interested in either the methodological issues inherent in research on trade or on the economics of trading blocs in general would profit from the book.' -- James J. Hentz, The European Journal of Development ResearchTable of ContentsContents: 1. Introduction and Summary 2. The Theory of Preferential Trading Arrangements: An Overview 3. Measuring the Effects of Economic Integration 4. Effect of EC-92 and NAFTA on Developing-Country Trade Flows 5. Effects of EC-92 and NAFTA on DFI in Asia 6. ASEAN Economic Cooperation: Real and Monetary 7. Anticipatory Effects of Regional Integration: The Case of ASEAN 8. Economic Integration in MERCOSUR and the Americas Bibliography Index

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Book SynopsisThe prospective WTO Millennium Round of negotiations will highlight critical economic issues regarding the application and implementation of the WTO rules to international trade in goods and services. In this book, a distinguished group of academic experts considers the agenda and areas of interest for the next Round in light of Seattle, the functions of the WTO and competition policy issues arising from trade liberalization. This is followed by a focus on a wide range of WTO-specific economic issues and debates, including: state trading and state aids regional integration agriculture, including the EU-US banana dispute international investment patents financial services. Trade Liberalization, Competition and the WTO will be of interest to academics and policymakers as well as students of international economics and global trade reform.Table of ContentsContents: 1 Introduction: the GATT Uruguay Round, trade liberalization and the WTO Chris Milner and Robert Read PART I TRADE LIBERALIZATION 2 Multilateral market access negotiations in goods and services Sam Laird 3 Agricultural trade reform after the Asian recession: a bridge too far? Rod Tyers and Yongzheng Yang 4 The implications of the General Agreement on Trade in Services (GATS) for the banking sector in the Gulf Region Victor Murinde and Cillian Ryan 5 Options for regional integration in Southern Africa David Evans PART II COMPETITION 6 Trade and competition in the new WTO Round Peter Holmes 7 New rules for international investment: the case for a multilateral agreement on investment (MAI) at the WTO Alan M. Rugman 8 Trade liberalization and state aid in the European Union David Collie 9 State trading, agriculture and the WTO Steve McCorriston and Donald MacLaren PART III THE WORLD TRADE ORGANIZATION 10 The WTO agenda and the developing countries Sam Laird 11 The EU–US WTO banana dispute and the evolution of the EU banana trade regime Robert Read 12 The influence of the WTO on patenting activities in China Derek Bosworth and Deli Yang Index

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Book SynopsisKnowledge is fast becoming one of the main sources of wealth, yet it can also become a source of inequalities. The New Knowledge Economy in Europe attempts to determine whether it is possible to hasten the transition towards a knowledge-based economy and enhance competitiveness with increased employment and improved social cohesion across Europe.The book is an amalgamation of the scientific and political agendas which led to the European strategy for the knowledge-based economy adopted by the European Union. Its authors illustrate their own influence on European policy making with contributions on a broad range of subjects, including: the potential for the growth of a knowledge-based global economy new challenges for the welfare state emerging trends in employment the role of international benchmarking as a policy learning tool the construction of European identity the building of multilevel governance required to undertake reforms. The results of the European strategy for the knowledge economy have become apparent throughout the EU in policy areas including research, innovation, single markets, education and employment, amongst others. This is the new blueprint for economic and social modernisation in the EU.The New Knowledge Economy in Europe will be of great interest to academics, managers, public administrators and professional organisations involved in studies of Europe or innovation.Trade Review'This book provides a worthwhile set of readings for Australian policymakers. . . For those policymakers and policy analysts keen to move beyond the weakly contested mantras of the knowledge economy and globalisation, this book will provide much valuable material.' -- Bernard McKenna, Labour and IndustryTable of ContentsContents 1. Introduction: for a European strategy at the turn of the century Maria João Rodrigues 2. The challenges and the potential of the knowledge-based economy in a globalised world Luc Soete 3. A new European social model for the twenty-first century? Gøsta Esping-Andersen 4. Knowledge-based economies: the European employment debate in a new context Robert M. Lindley 5. Institutional reforms for growth, employment and social cohesion: elements for a European and national agenda Robert Boyer 6. International benchmarking as a policy learning tool Bengt-Åke Lundvall and Mark Tomlinson 7. The construction of European identity Manuel Castells 8. Governance and government in the European Union: The open method of coordination Mario Telò Annexes Bibliography Index

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Book SynopsisThe editors have selected the most important papers on the subject of international capital markets for this authoritative collection. Volume I considers theories of international portfolio choice and asset pricing, and also looks at empirical evidence on international asset pricing models. Volume II covers international portfolio diversification, as well as interest and exchange rates. Volume III includes articles on theories of barriers to international investments; empirical evidence on impact barriers to international investments; international capital flows; and anomalies in international capital markets.These comprehensive volumes will be an invaluable source of reference for researchers and students alike.Table of ContentsContents: Volume I: Acknowledgements Foreword Richard Roll Introduction G. Andrew Karolyi and René M. Stulz PART I THEORIES OF INTERNATIONAL PORTFOLIO CHOICE AND ASSET PRICING 1. Bruno H. Solnik (1974), ‘An Equilibrium Model of the International Capital Market’ 2. Piet Sercu (1980), ‘A Generalization of the International Asset Pricing Model’ 3. Frederick L.A. Grauer, Robert H. Litzenberger and Richard E. Stehle (1976), ‘Sharing Rules and Equilibrium in an International Capital Market Under Uncertainty’ 4. Michael Adler and Bernard Dumas (1983), ‘International Portfolio Choice and Corporation Finance: A Synthesis’ 5. René M. Stulz (1981), ‘A Model of International Asset Pricing’ 6. Bruno Solnik (1983), ‘International Arbitrage Pricing Theory’ PART II EMPIRICAL EVIDENCE ON INTERNATIONAL ASSET PRICING MODELS 7. Richard Stehle (1977), ‘An Empirical Test of the Alternative Hypotheses of National and International Pricing of Risky Assets’ 8. Simon Wheatley (1988), ‘Some Tests of International Equity Integration’ 9. D. Chinhyung Cho, Cheol S. Eun and Lemma W. Senbet (1986), ‘International Arbitrage Pricing Theory: An Empirical Investigation’ 10. Robert A. Korajczyk and Claude J. Viallet (1989), ‘An Empirical Investigation of International Asset Pricing’ 11. Campbell R. Harvey (1991), ‘The World Price of Covariance Risk’ 12. Geert Bekaert and Robert J. Hodrick (1992), ‘Characterizing Predictable Components in Excess Returns on Equity and Foreign Exchange Markets’ 13. K.C. Chan, G. Andrew Karolyi and René M. Stulz (1992), ‘Global Financial Markets and the Risk Premium on U.S. Equity’ 14. Wayne E. Ferson and Campbell R. Harvey (1993), ‘The Risk and Predictability of International Equity Returns’ 15. Giorgio De Santis and Bruno Gérard (1997), ‘International Asset Pricing and Portfolio Diversification with Time-Varying Risk’ Name Index Volume II: Acknowledgements An introduction by the editors to all three volumes appears in Volume I PART I INTERNATIONAL PORTFOLIO DIVERSIFICATION 1. Herbert G. Grubel (1968), ‘Internationally Diversified Portfolios: Welfare Gains and Capital Flows’ 2. Haim Levy and Marshall Sarnat (1970), ‘International Diversification of Investment Portfolios’ 3. Bruno H. Solnik (1974), ‘Why Not Diversify Internationally Rather Than Domestically?’ 4. Cheol S. Eun and Sangdal Shim (1989), ‘International Transmission of Stock Market Movements’ 5. Yasushi Hamao, Ronald W. Masulis and Victor Ng (1990), ‘Correlations in Price Changes and Volatility across International Stock Markets’ 6. François Longin and Bruno Solnik (1995), ‘Is the Correlation in International Equity Returns Constant: 1960–1990?’ 7. Geert Bekaert and Michael S. Urias (1996), ‘Diversification, Integration and Emerging Market Closed-End Funds’ 8. Ingrid M. Werner and Allan W. Kleidon (1996), ‘U.K. and U.S. Trading of British Cross-Listed Stocks: An Intraday Analysis of Market Integration’ 9. Richard Roll (1992), ‘Industrial Structure and the Comparative Behavior of International Stock Market Indices’ 10. Steven L. Heston and K. Geert Rouwenhorst (1994), ‘Does Industrial Structure Explain the Benefits of International Diversification?’ 11. Vihang Errunza, Ked Hogan and Mao-Wei Hung (1999), ‘Can the Gains from International Diversification Be Achieved without Trading Abroad?’ 12. Philippe Jorion and William N. Goetzmann (1999), ‘Global Stock Markets in the Twentieth Century’ PART II INTEREST RATES AND EXCHANGE RATES 13. Robert E. Lucas, Jr. (1982), ‘Interest Rates and Currency Prices in a Two-country World’ 14. Fischer Black (1990), ‘Equilibrium Exchange Rate Hedging’ 15. Jeremy J. Siegel (1972), ‘Risk, Interest Rates and the Forward Exchange’ 16. Bruno Solnik (1993), ‘Currency Hedging and Siegel’s Paradox: On Black’s Universal Hedging Rule’ 17. Lars Peter Hansen and Robert J. Hodrick (1980), ‘Forward Exchange Rates as Optimal Predictors of Future Spot Rates: An Econometric Analysis’ 18. Eugene F. Fama (1984), ‘Forward and Spot Exchange Rates’ 19. Nelson C. Mark (1988), ‘Time-varying Betas and Risk Premia in the Pricing of Forward Foreign Exchange Contracts’ 20. Philippe Jorion (1991), ‘The Pricing of Exchange Rate Risk in the Stock Market’ 21. Antti Ilmanen (1995), ‘Time-Varying Expected Returns in International Bond Markets’ 22. Jack Glen and Philippe Jorion (1993), ‘Currency Hedging for International Portfolios’ 23. Bernard Dumas and Bruno Solnik (1995), ‘The World Price of Foreign Exchange Risk’ 24. Giorgio De Santis and Bruno Gérard (1998), ‘How Big is the Premium for Currency Risk?’ 25. Geert Bekaert and Robert J. Hodrick (2001), ‘Expectations Hypotheses Tests’ Name Index Volume III: Acknowledgements An introduction by the editors to all three volumes appears in Volume I PART I THEORIES OF BARRIERS TO INTERNATIONAL INVESTMENTS 1. Fischer Black (1974), ‘International Capital Market Equilibrium with Investment Barriers’ 2. René M. Stulz (1981), ‘On the Effects of Barriers to International Investment’ 3. Vihang Errunza and Etienne Losq (1985), ‘International Asset Pricing under Mild Segmentation: Theory and Test’ 4. Cheol S. Eun and S. Janakiramanan (1986), ‘A Model of International Asset Pricing with a Constraint on the Foreign Equity Ownership’ PART II EMPIRICAL EVIDENCE OF IMPACT OF BARRIERS TO INTERNATIONAL INVESTMENTS 5. Pekka T. Hietala (1989), ‘Asset Pricing in Partially Segmented Markets: Evidence from the Finnish Market’ 6. Warren Bailey and Julapa Jagtiani (1994), ‘Foreign Ownership Restrictions and Stock Prices in the Thai Capital Market’ 7. René M. Stulz and Walter Wasserfallen (1995), ‘Foreign Equity Investment Restrictions, Capital Flight, and Shareholder Wealth Maximization: Theory and Evidence’ 8. Catherine Bonser-Neal, Greggory Brauer, Robert Neal and Simon Wheatley (1990), ‘International Investment Restrictions and Closed-End Country Fund Prices’ 9. Steven R. Foerster and G. Andrew Karolyi (1999), ‘The Effects of Market Segmentation and Investor Recognition on Asset Prices: Evidence from Foreign Stocks Listing in the United States’ 10. Geert Bekaert and Campbell R. Harvey (1995), ‘Time-Varying World Market Integration’ 11. Geert Bekaert and Campbell R. Harvey (2000), ‘Foreign Speculators and Emerging Equity Markets’ 12. Peter Blair Henry (2000), ‘Stock Market Liberalization, Economic Reform, and Emerging Market Equity Prices’ PART III INTERNATIONAL CAPITAL FLOWS 13. Henning Bohn and Linda L. Tesar (1996), ‘U.S. Equity Investment in Foreign Markets: Portfolio Rebalancing or Return Chasing?’ 14. Michael J. Brennan and H. Henry Cao (1997), ‘International Portfolio Investment Flows’ 15. Kenneth A. Froot, Paul G.J. O’Connell and Mark S. Seasholes (2001), ‘The Portfolio Flows of International Investors’ PART IV ANOMALIES IN INTERNATIONAL CAPITAL MARKETS 16. Ian Cooper and Evi Kaplanis (1994), ‘Home Bias in Equity Portfolios, Inflation Hedging, and International Capital Market Equilibrium’ 17. Linda L. Tesar and Ingrid M. Werner (1995), ‘Home Bias and High Turnover’ 18. Jun-Koo Kang and René M. Stulz (1997), ‘Why Is There a Home Bias? An Analysis of Foreign Portfolio Equity Ownership in Japan’ 19. Kenneth R. French and James M. Poterba (1991), ‘Investor Diversification and International Equity Markets’ 20. Thomas Gehrig (1993), ‘An Information Based Explanation of the Domestic Bias in International Equity Investment’ 21. Eugene F. Fama and Kenneth R. French (1998), ‘Value versus Growth: The International Evidence’ 22. K. Geert Rouwenhorst (1998), ‘International Momentum Strategies’ 23. Kenneth A. Froot and Emil M. Dabora (1999), ‘How are Stock Prices Affected by the Location of Trade?’ 24. Mark Grinblatt and Matti Keloharju (2001), ‘How Distance, Language, and Culture Influence Stockholdings and Trades’ Name Index

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Book SynopsisExperience suggests that trade liberalization has contributed substantially to the remarkable growth of industrialised countries. However, for various reasons many developing countries have not yet been able to integrate successfully into global markets and reap the growth-inducing and poverty-reducing benefits of trade. This book argues that while developing countries are heavily represented in the WTO - accounting for about four-fifths of its membership - there is still plenty of scope for the world trading system to work more effectively in their interests.The book examines the achievements of the Uruguay Round of trade negotiations in reforming the world trading system and the challenges to future reforms. It begins with an overview of the genesis of the world trading system and moves on to examine the key issues as they relate to developing countries. These include further liberalization of agricultural trade; abolition of the Multifibre Arrangement; environmental and labour standards; competition policy; regional integration in South East Asia; and the implications for developing Asian countries of the liberalization of the Chinese economy and its WTO membership. Furthermore, the book discusses the links between trade liberalization and poverty reduction - drawing on the experience of Asian countries - and puts forward arguments on how trade liberalization could effect a greater reduction in poverty. This is a timely and succinct presentation of the critical issues relating to the world trading system in the context of developing countries in general, and Asia-Pacific countries in particular. It will interest and inform a wide readership including scholars and students of development and international economics, and practitioners and policymakers concerned with international trade issues and global trade relations.Trade Review'An exceptionally timely book, Developing Countries in the World Trading System, provides a critical examination of how the WTO can facilitate real growth in the developing world. . . Developing Countries in the World Trading System is a must read for undergraduate and graduate students, as well as economists and practitioners.' -- Remonda Bensabat Kleinberg, The European Journal of Development Research'This book offers thoughtful, well-researched and up-to-date contributions to trade policy research for developing countries. Its main merit lies in the detailed studies and thorough knowledge and understanding of agricultural trade policy.' -- Gabriella Kutting, Progress in Development Studies'Developing countries are again, as in the early days of UNCTAD, becoming a major focus in the discussion of world trade reforms. Their sense that the Uruguay Round and the WTO system failed to address their concerns is a major factor behind the current problems in mounting a new multilateral round. This book addresses the key concerns of developing countries and suggests a number of reforms that will enable them to become equal partners in the world trading system.' -- Peter J. Lloyd, University of Melbourne, AustraliaTable of ContentsContents: Foreword 1. Developing countries in the world trading system: an overview Ramesh Adhikari and Prema-chandra Athukorala 2. Emerging issues in the world trading system T.N. Srinivasan 3. Developing-country interests in WTO-induced agricultural trade reform Kym Anderson 4. Asian developing countries and the global trading system for agriculture, textiles and clothing Prema-chandra Athukorala 5. Environmental standards and trade in agricultural products: evidence from Brazil, Germany and Indonesia Ulrike Grote, Claus Deblitz and Susanne Stegmann 6. Labour standards, social labels and the WTO Arnab K. Basu, Nancy H. Chau and Ulrike Grote 7. Competition policy, the Pacific Economic Cooperation Council and the WTO Kerrin M. Vautier 8. Export competition in Asia and the role of China Yongzheng Yang 9. The enlargement of ASEAN and its impact on regional integration Jayant Menon 10. Trade policy reforms, growth and poverty reduction Ramesh Adhikari Index

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Book SynopsisFollowing on from their previous book Economic Efficiency and Productivity Growth in the Asia-Pacific Region, the authors in this volume analyse the economic performance of many of the major economies in the Asia-Pacific region including Taiwan, Thailand, Singapore, Korea, Indonesia, Hong Kong, China and Japan. They examine economic and productivity growth, competitiveness and efficiency developments in the region. An introductory essay by the editors surveys recent economic developments in the region whilst introducing and cohesively integrating the chapters that follow. The studies employ a variety of modern analytical constructs and empirical techniques of open economy growth accounting as well as the measurement of productivity change, technical change and economic efficiency. A number of the chapters examine the entire region while others focus exclusively on a nation or industry. Several chapters study the causes and consequences of the financial crises in the region in 1997 from a recent historical perspective.This book will be of special interest to scholars of economic growth and its determinants as well as all those interested in Asian studies.Trade Review'The book provides considerable insights into the factors of productivity and efficiency change in relatively rapidly growing economies.' -- S. Mohan, Journal of Scientific and Industrial Research'. . . this voluminous book is well put together and clearly worth a read.' -- Renuka Mahadevan, ASEAN BulletinTable of ContentsContents: Part I: Regional Studies Part II: Taiwan Part III: Other Countries in the Region Index

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Book SynopsisGlobalization and the Small Open Economy investigates the specific role of small open countries in a globalizing economic system and assesses the unique pressures and opportunities afforded them by globalization.Traditionally, in contrast to large countries, small open economies (SOEs) have relied on international economic policy rather than domestic policy as a means to foster national economic development. Their firms also have a far greater reliance on host countries to gain competitive advantage than those of larger nations. This would suggest that globalization has potentially a far greater impact on SOEs than on large countries. The contributors to this volume concur with this view and seek to outline the challenges and opportunities faced by policymakers and managers of multinational enterprises from SOEs. They examine the role of government, environmental policy, inward and outward foreign direct investment and multinational management and conclude that, on balance, globalization provides more of an opportunity than a threat to economic growth in these countries.An innovative collection with fascinating new insights on the present and future role of small, open countries in the global economy, this will be an important new reference source for academics and students, public policy research institutes, international business scholars and trade economists.Trade Review'This is a very detailed volume containing the latest thinking on the implications of globalisation for small open economies.' -- Economic Outlook and Business ReviewTable of ContentsContents: Preface Part I: New Conceptual Perspectives Part II: The Role of Business-Government Linkages Part III: The Role of Inter-Firm Linkages Part IV: The Role of Inward and Outward FDI: The Case of Belgium Part V: Observations on the Challenge of Managing Multiple Markets Index

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Book SynopsisPrice and Markup Behaviour in Manufacturing examines the role that cost, competing domestic and foreign prices, domestic demand and market structure play in determining the price and markup of manufacturing firms across a range of countries and industries. Michael Olive models imperfectly competitive behaviour at the firm level, establishing logical relationships between these variables. Aggregating these relationships gives predictions for price and markup at the industry level.Empirical analysis is carried out by estimating a pricing equation for 11 industrialised countries in Asia, Europe and North America, and for 24 International Standard Industrial Classification industries from 1970 to 1991. The results exhibit a pattern of incomplete pass-through from competing foreign price into industry price and markups that are not fixed. The author illustrates that for higher levels of industry concentration cost becomes less influential in determining industry price, while the opposite is true for competing domestic and foreign prices. This comprehensive and thorough examination of the literature on pricing, the innovative model development and the comparative analysis in this study will be of great interest to government policymakers and academics wanting to keep abreast of new developments in the area of pricing and markup.Trade Review'This is a well-written piece of work which focuses on price and markup behaviour. It surveys previous studies, and makes its own additions to the theory of pricing. The main contribution of the work is the empirical work in which the author undertakes the estimation of price equations for a number of countries on a comparable basis. In this way the book adds to the understanding of price behaviour.' -- Malcolm Sawyer, University of Leeds, UK'Michael Olive makes an important contribution to our understanding of price dynamics and the determinants of markups in the global economy. He estimates domestic and foreign influences on pricing in 24 manufacturing industries over 11 major industrial countries, using data covering the rise and decline of worldwide inflation from 1970 through 1991. The results show that the major influence on price inflation in an industry is invariably the change in its own production cost. However, upward movements in the domestic business cycle and increases in prices of both foreign competitors and other domestic industries often significantly increase inflation, particularly in industries with both high trade exposure and high concentration of domestic production (i.e. a small number of domestic producers). These results should be of great interest to economic policymakers as well as to academics trying to unravel the complexities of inflation in a highly interdependent modern economy. As an extra bonus, there is a very thorough and insightful discussion of pricing theory and previous empirical work on pricing in open economies.' -- Harry Bloch, Curtin Business School, Curtin University of Technology, Australia'Olive provides an unusually broad and deep literature review, which will be useful to other scholars. And he adds to this his own original and successful research into the increasingly important question of the determinants of international differences in pricing behaviour.' -- Tim Hazledine, University of Auckland, New ZealandTable of ContentsContents: Preface Part I: Introduction 1. Overview 2. Perspectives on Price and Markup Behaviour Part II: An Empirically Testable Model 3. A Comparative Static Analysis of the Firm 4. A Model of Manufacturing Industry Pricing Part III: Estimation using Cross Country Data 5. Estimation of the Model when Demand Functions are Similar and Conjectural Elasticities are the Same Across Industries 6. Estimation of the Model when Demand Functions and Conjectural Elasticities Differ Across Industries Part IV: Discussion and Conclusion 7. Price and Markup Behaviour in Manufacturing Appendices Bibliography Index

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Book SynopsisGlobal Capitalism, FDI and Competitiveness comprises 15 of John Dunning's most widely acknowledged writings on the changing characteristics of the global economy over the past three decades. In particular, it examines how these events have shaped, and been shaped by, the growing internationalization of all forms of business activity.The book is dived into five thematic sections, each of which illustrates a particular aspect of change and the author's analysis of it. The volume examines: the main features of the new global economy, its origin, opportunities and challenges the author's recent writings on the factors affecting the location of economic activity by international firms, and the implications for national and regional governments the changing nature and form of the contribution of FDI and cross-border strategic alliances to economic development and to the restructuring of national economies the relationship between FDI, the competitive advantages of international firms and the productivity and dynamic comparative advantage of the economies in which they operate. an examination of the changing role and power of national governments as they seek to evaluate and influence the extent of both inbound and outbound FDI. This volume will be warmly welcomed by all scholars and researchers of international business and particularly those interested in globalization, regional economics and FDI.Trade Review'These volumes should be required reading for anyone with an interest in international business and globalisation. They add immeasurably to our understanding.' -- Mira Wilkins, Business History'Dunning is one of the most prominent researchers and thinkers in the IB field. In these books, he has set out his most celebrated writings and has provided us relatively easy access to widely scattered references in the literature.' -- Rajat Kathuria, Global Business Review'Given John Dunning's breath of vision, familiarity with a very wide range of ideas and literature and concern with many of the most pressing problems of our day, I believe that virtually everyone will find stimulation in many of these essays.' -- Stephen J. Kobrin, Transnational Corporations'John Dunning is one of the "founding fathers" of international business research. His influential "eclectic paradigm" explains foreign investment by multinational firms in terms of the interaction of ownership, location and internalisation factors. In the past decade the scope of the eclectic paradigm has been expanded to encompass issues of globalisation, regionalism and international competitiveness. The paradigm has been used to address important policy issues relating to the governance of the world economy. This volume collects together the highlights of this recent work. It offers important insights into global issues, and is outstanding testimony to the breadth and depth of Dunning's recent work.' -- - Mark Casson, University of Reading, UKTable of ContentsContents: Introduction 1. International Business in a Changing World Environment 2. Whither Global Capitalism? 3. Some Paradoxes of the Emerging Global Economy: The Multinational Solution 4. Globalization, Economic Restructuring and Development 5. Regions, Globalization and the Knowledge-based Economy: The Issues Stated 6. Location and the Multinational Enterprise: A Neglected Factor? 7. Globalization, Technological Change and the Spatial Organization of Economic Activity 8. Evaluating the Costs and Benefits of Multinational Enterprises to Host Countries: A ‘Tool-Kit’ Approach 9. Re-evaluating the Benefits of Foreign Direct Investment 10. The European Internal Market Program and Inbound Foreign Direct Investment 11. The Competitive Advantages of Countries and MNE Activity 12. The Geographical Sources of the Competitiveness of Firms 13. Multinational Enterprises, Industrial Restructuring and Competitiveness: A UK Perspective 14. Governments and the Macro-organization of Economic Activity: A Historical and Spatial Perspective 15. Globalization: The Challenge for National Economic Regimes Index

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Book SynopsisIn this unique work, Jennifer Considine and William Kerr contend that while OPEC currently dominates the international oil market, Russia will be a key player in the future international energy market. Indeed, Russia's petroleum resources rival those of Saudi Arabia.More than almost any other industry, future performance is often determined by the influence of decisions made in the past. This book provides a detailed history of the development of the Russian oil economy in order to build up a comprehensive and discerning picture of its future role and significance in the global energy market of the 21st century.The authors of this path-breaking treatment of the Russian oil economy present: an assessment of the effects of the political and macroeconomic development of the Russian Federation and former Soviet Union on the resources, reserves and infrastructure of the current oil industry an economic evaluation of the contemporary policies and institutions in the Russian Federation, including policy recommendations and forecasts detailed statistics on all aspects of the Russian oil industry, including reserves, production, five-year planning targets, government policy, and tax rates, from 1860-2001. The Russian Oil Economy will be of enormous interest to a wide-ranging audience, encompassing oil industry executives and analysts, investment bankers, energy consultants, energy policymakers, and those involved in the study, teaching and research of energy, Russian history and transition.Trade Review'The book can definitely be recommended to anyone studying various aspects of oil production in Russia as it provides a detailed chronological account of developments related to the oil industry and trade, placing them in the broader context of political, ideological, and economic situation.' -- Liia G. Karsakova, Comparative Sociology'The Russian Oil Economy is a book which was probably not intended for lawyers, and it is precisely for this reason that they should read it. It is a refreshing look at the developments which a lawyer sees mostly through the prism of a succession of normative acts. . . It is bound to be a very useful reference book both for a researcher and for anybody interested in the history of Russian oil.' -- Max Bannikov, International Energy Law and Taxation Review'This is a useful book for anyone trying to understand how the oil industry in Russia got to its present position. . . this book does provide a sound basis on which future views may be developed.' -- Philip Barnes, The Journal of Energy Literature'The Russian Oil Economy is a fine book that tells the history of the petroleum industry from its very start until the beginning of the 21st century . . . Considine and Kerr know their material well . . . [They] succeed in weaving the general history into the development of the petroleum industry. There is no lack of political and historical perspective, which generally makes for an interesting read.' -- Eckhard Janeba, The Journal of Energy and DevelopmentTable of ContentsContents: Preface 1. Introduction 2. Risky Business – Oil in the Russian Empire 3. The Command Oil Economy 4. An Industry Fit for a Superpower 5. Malaise at the End of the Command Era 6. Desperate Measures 7. The New Wild West 8. Russian Oil in the 21st Century Appendix A. The Early Regional Development of the Russian Oil Industry, 1860–1975 B. Reserve Classifications of the Soviet Union C. Long-Distance Oil Pipelines in Russia, 1908–1988 D. Internal Oil Pricing Policies of the Soviet Union References Index

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Book SynopsisThe study of conflict and its resolution now attracts an ever-increasing number of economists. For this three-volume collection, the editors have selected the most influential previously published papers by leading scholars from the vast and rapidly expanding literature in this field. Volume I addresses the theoretical treatments of conflict, including game theory and rent-seeking, Volume II presents a variety of different applications and Volume III deals with case studies.The editors have written an authoritative new introduction which provides a comprehensive overview of the collection.Table of ContentsContents: Volume I: Theory Acknowledgements Introduction Todd Sandler and Keith Hartley PART I FOUNDATIONS OF CONFLICT 1. Thomas C. Schelling (1958), ‘The Strategy of Conflict: Prospectus for a Reorientation of Game Theory’ 2. Manus Midlarsky (1970), ‘Mathematical Models of Instability and a Theory of Diffusion’ 3. Thomas C. Schelling (1973), ‘Hockey Helmets, Concealed Weapons, and Daylight Saving: A Study of Binary Choices with Externalities’ 4. Dagobert L. Brito and Michael D. Intriligator (1985), ‘Conflict, War, and Redistribution’ 5. Jack Hirshleifer (1994), ‘The Dark Side of the Force: Western Economic Association International 1993 Presidential Address’ 6. Ian Bellany (1999), ‘Modelling War’ PART II DEFENSE, OFFENSE AND DETERRENCE 7. Bruce M. Russett (1963), ‘The Calculus of Deterrence’ 8. Michelle R. Garfinkel (1990), ‘Arming as a Strategic Investment in a Cooperative Equilibrium’ 9. Charles H. Anderton (1992), ‘Toward a Mathematical Theory of Offensive/Defensive Balance’ PART III RENT-SEEKING, CONFLICT AND CONTESTS 10. Gordon Tullock (1967), ‘The Welfare Costs of Tariffs, Monopolies, and Theft’ 11. Anne O. Krueger (1974), ‘The Political Economy of the Rent-Seeking Society’ 12. Avinash Dixit (1987), ‘Strategic Behavior in Contests’ 13. Jack Hirshleifer (1988), ‘The Analytics of Continuing Conflict’ 14. Jack Hirshleifer (1991), ‘The Paradox of Power’ 15. Stergios Skaperdas (1996), ‘Contest Success Functions’ PART IV APPROPRIATION AND BANDITRY 16. Stergios Skaperdas (1992), ‘Cooperation, Conflict, and Power in the Absence of Property Rights’ 17. Hugh M. Neary (1997), ‘Equilibrium Structure in an Economic Model of Conflict’ 18. Mancur Olson (1993), ‘Dictatorship, Democracy, and Development’ 19. Herschel I. Grossman (1994), ‘Production, Appropriation, and Land Reform’ 20. Martin C. McGuire and Mancur Olson, Jr. (1996), ‘The Economics of Autocracy and Majority Rule: The Invisible Hand and the Use of Force’ 21. Charles H. Anderton, Roxane A. Anderton and John R. Carter (1999), ‘Economic Activity in the Shadow of Conflict’ PART V TERRORISM 22. Richard M. Kirk (1983), ‘Political Terrorism and the Size of Government: A Positive Institutional Analysis of Violent Political Activity’ 23. Todd Sandler, John T. Tschirhart and Jon Cauley (1983), ‘A Theoretical Analysis of Transnational Terrorism’ 24. Harvey E. Lapan and Todd Sandler (1988), ‘To Bargain or Not to Bargain: That is the Question’ 25. Todd Sandler and Harvey E. Lapan (1988), ‘The Calculus of Dissent: An Analysis of Terrorists’ Choice of Targets’ PART VI CIVIL WARS, INSURRECTIONS AND REBELLIONS 26. Timur Kuran (1989), ‘Sparks and Prairie Fires: A Theory of Unanticipated Political Revolution’ 27. Herschel I. Grossman (1991), ‘A General Equilibrium Model of Insurrections’ 28. Paul Collier and Anke Hoeffler (1998), ‘On Economic Causes of Civil War’ 29. Paul Collier (2000), ‘Rebellion as a Quasi-Criminal Activity’ 30. Jean-Paul Azam (2002), ‘Looting and Conflict between Ethnoregional Groups: Lessons for State Formation in Africa’ 31. James C. Murdoch and Todd Sandler (2002), ‘Economic Growth, Civil Wars, and Spatial Spillovers’ 32. Nicholas Sambanis (2002), ‘A Review of Recent Advances and Future Directions in the Quantitative Literature on Civil War’ PART VII CONFLICT RESOLUTION 33. Donald Wittman (1979), ‘How a War Ends: A Rational Model Approach’ 34. Robert E. Kuenne (1989), ‘Conflict Management in Mature Rivalry’ 35. Daniel G. Arce M. (1997), ‘Correlated Strategies as Institutions’ 36. Daniel G. Arce M. (2001), ‘Leadership and the Aggregation of International Collective Action’ Name Index Volume II: Applications Acknowledgements An introduction by the editors to all three volumes appears in Volume I PART I APPLICATIONS OF CONCEPTS 1. Philip Mirowski (1991), ‘When Games Grow Deadly Serious: The Military Influence on the Evolution of Game Theory’ 2. Robert J. Leonard (1991), ‘War as a “Simple Economic Problem”: The Rise of an Economics of Defense’ 3. Ole R. Holsti (1963), ‘The Value of International Tension Measurement’ 4. Kenneth E. Boulding (1978), ‘Future Directions in Conflict and Peace Studies’ 5. Michael D. Intriligator (1982), ‘Research on Conflict Theory: Analytic Approaches and Areas of Application’ 6. Ron P. Smith (1998), ‘Quantitative Methods in Peace Research’ PART II ECONOMIC IMPACTS 7. Seymour Melman (1972), ‘Ten Propositions on the War Economy’ 8. B.F. Kiker and James L. Cochrane (1973), ‘War and Human Capital in Western Economic Analysis’ 9. Saadet Deger and Ron Smith (1983), ‘Military Expenditure and Growth in Less Developed Countries’ 10. John A.C. Conybeare (1990), ‘A Random Walk Down the Road to War: War Cycles, Prices and Causality’ 11. Kun Y. Park (1993), ‘“Pouring New Wine into Fresh Wineskins”: Defense Spending and Economic Growth in LDCs with Application to South Korea’ 12. David Lai (2001), ‘The Great Power Dilemma: The Trade-Off between Defense and Growth in Great Britain, 1830–1980’ PART III ARMS RACES 13. Hans Rattinger (1975), ‘Armaments, Detente, and Bureaucracy: The Case of the Arms Race in Europe’ 14. Harvey Starr and Benjamin A. Most (1978), ‘A Return Journey: Richardson, “Frontiers” and Wars in the 1946–1965 Era’ 15. Michael D. Wallace (1979), ‘Arms Races and Escalation: Some New Evidence’ 16. Michael D. Intriligator and Dagobert L. Brito (1984), ‘Can Arms Races Lead to the Outbreak of War?’ 17. Robert S. McNamara (1986), ‘Reducing the Risk of Nuclear War: Is Star Wars the Answer?’ 18. Charles H. Anderton (1990), ‘The Inherent Propensity Toward Peace or War Embodied in Weaponry’ 19. Michael D. Wallace and Charles A. Meconis (1995), ‘Submarine Proliferation and Regional Conflict’ 20. Susan G. Sample (1997), ‘Arms Races and Dispute Escalation: Resolving the Debate’ PART IV ARMS TRADE 21. David Kinsella (1994), ‘The Impact of Superpower Arms Transfers on Conflict in the Middle East’ 22. Small Arms Survey (2001), ‘Crime, Conflict, Corruption: Global Illicit Small Arms Transfers’ PART V ARMS CONTROL 23. Peter Wallensteen and Margareta Sollenberg (1997), ‘Armed Conflicts, Conflict Termination and Peace Agreements, 1989–96’ 24. Cassady B. Craft (2000), ‘An Analysis of the Washington Naval Agreements and the Economic Provisions of Arms Control Theory’ PART VI SANCTIONS 25. Richard C. Porter (1979), ‘International Trade and Investment Sanctions: Potential Impact on the South African Economy’ 26. William H. Kaempfer and Anton D. Lowenberg (1986), ‘A Model of the Political Economy of International Investment Sanctions: The Case of South Africa’ 27. William H. Kaempfer and Anton D. Lowenberg (1988), ‘The Theory of International Economic Sanctions: A Public Choice Approach’ 28. Jonathan Eaton and Maxim Engers (1992), ‘Sanctions’ 29. A. Cooper Drury (1998), ‘Revisiting Economic Sanctions Reconsidered’ PART VII PEACE AND DEMOCRACY 30. Joel T. Campbell and Leila S. Cain (1965), ‘Public Opinion and the Outbreak of War’, and Comments by Anatol Rapoport and Philip E. Converse 31. Patrick James, Eric Solberg and Murray Wolfson (1999), ‘An Identified Systemic Model of the Democracy-Peace Nexus’ 32. John R. Oneal and Bruce Russett (2000), ‘Comment: Why “An Identified Systemic Model of the Democracy-Peace Nexus” Does Not Persuade’ 33. Patrick James, Eric Solberg and Murray Wolfson (2000), ‘Democracy and Peace: Reply to Oneal and Russett’ PART VIII PEACEKEEPING 34. Lawrence R. Klein and Kanta Marwah (1996), ‘Economic Aspects of Peacekeeping Operations’ 35. Paul F. Diehl, Daniel Druckman and James Wall (1998), ‘International Peacekeeping and Conflict Resolution: A Taxonomic Analysis with Implications’ 36. Jyoti Khanna, Todd Sandler and Hirofumi Shimizu (1998), ‘Sharing the Financial Burden for U.N. and NATO Peacekeeping, 1976–1996’ 37. Michael W. Doyle and Nicholas Sambanis (2000), ‘International Peacebuilding: A Theoretical and Quantitative Analysis’ PART IX TERRORISM 38. Walter Enders, Todd Sandler and Jon Cauley (1990), ‘Assessing the Impact of Terrorist-Thwarting Policies: An Intervention Time Series Approach’ 39. Walter Enders and Todd Sandler (1996), ‘Terrorism and Foreign Direct Investment in Spain and Greece’ 40. Daniel M. Schwartz (1998), ‘Environmental Terrorism: Analyzing the Concept’ Name Index Volume III: Case Studies Acknowledgements An introduction by the editors to all three volumes appears in Volume I PART I WORLD WARS 1. R.A. Radford (1945), ‘The Economic Organisation of a P.O.W. Camp’ 2. Louis Baudin (1945), ‘An Outline of Economic Conditions in France under the German Occupation’ 3. Richard B. Heflebower (1946), ‘The Effects of the War on the Structure of Commodity and Labor Markets’ 4. Paul T. Homan (1946), ‘Economics in the War Period’ 5. A.S. Milward (1964), ‘The End of the Blitzkrieg’ 6. R.J. Overy (1975), ‘The German Pre-War Aircraft Production Plans: November 1936 – April 1939’ 7. Mark Thomas (1983), ‘Rearmament and Economic Recovery in the late 1930s’ 8. Stephen Harvey (1985), ‘The Italian War Effort and the Strategic Bombing of Italy’ 9. Mark Harrison (1988), ‘Resource Mobilization for World War II: The U.S.A., U.K., U.S.S.R., and Germany, 1938–1945’ 10. T. Balderston (1989), ‘War Finance and Inflation in Britain and Germany 1914–1918’ 11. Timo Toivonen (1998), ‘War and Equality: The Social Background of the Victims of the Finnish Winter War’ PART II VIETNAM 12. Charles Wolf, Jr. (1972), ‘The Logic of Failure: A Vietnam “Lesson”’ 13. B.F. Kiker and Jon Birkeli (1972), ‘Human Capital Losses Resulting from U.S. Casualties of the War in Vietnam’ 14. Mark C. Berger and Barry T. Hirsch (1983), ‘The Civilian Earnings Experience of Vietnam-Era Veterans’ PART III NORTHERN IRELAND 15. Bob Rowthorn (1981), ‘Northern Ireland: An Economy in Crisis’ 16. Jonathan Michie and Maura Sheehan (1998), ‘The Political Economy of a Divided Ireland’ PART IV GULF WAR 17. Murray Wolfson and Robert Smith (1993), ‘How Not to Pay for the War’ PART V MIDDLE EAST 18. Barry M. Blechman (1972), ‘The Impact of Israel’s Reprisals on Behavior of the Bordering Arab Nations Directed at Israel’ 19. Pierre Allan and Albert A. Stahel (1983), ‘Tribal Guerrilla Warfare Against a Colonial Power: Analyzing the War in Afghanistan’ 20. Ben D. Mor (1991), ‘Nasser’s Decision-making in the 1967 Middle East Crisis: A Rational-choice Explanation’ 21. Jordin S. Cohen, Alex Mintz, Randolph Stevenson and Michael D. Ward (1996), ‘Defense Expenditures and Economic Growth in Israel: The Indirect Link’ 22. Michael Beenstock (1998), ‘Country Survey XI: Defence and the Israeli Economy’ 23. A. Arnon and J. Weinblatt (2001), ‘Sovereignty and Economic Development: The Case of Israel and Palestine’ PART VI CIVIL WARS 24. Gary M. Anderson and Robert D. Tollison (1991), ‘Political Influence on Civil War Mortality Rates: The Electoral College as a Battlefield’ 25. Roy Licklider (1995), ‘The Consequences of Negotiated Settlements in Civil Wars, 1945–1993’ PART VII WAR FIGHTING 26. Frank L. Klingberg (1966), ‘Predicting the Termination of War: Battle Casualties and Population Losses’ 27. Frederic S. Pearson (1974), ‘Geographic Proximity and Foreign Military Intervention’ 28. David Garnham (1986), ‘War-Proneness, War-Weariness, and Regime Type: 1816–1980’ 29. Dan Reiter and Allan C. Stam III (1998), ‘Democracy and Battlefield Military Effectiveness’ Name Index

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Book SynopsisThe book analyses the evolution of research and innovation policies in the world's leading countries. The last decade has witnessed a radical transformation of the landscape shaped after World War II, as described in the seminal collection edited by Richard Nelson in the early 1990s. Even though national systems have inherited different institutional arrangements and trajectories, analyses show three major converging trends in their public policies. There has been a retraction from support to large firms and programmes and a shift toward small to medium enterprises and the innovation infrastructure; the focus on public research and training capabilities is growing; and there has been a redesign of public intervention with the growing role of regions and states on one hand and multinational authorities on the other, particularly in the European Union.The authors, all leading scholars in innovation research, provide thorough analytical descriptions of the national innovation system in their country and set that system in historical perspective. Each chapter is written so the reader can easily make comparisons between countries and regions. Six major issues are identified and addressed in each chapter: the dynamics of universities and their relations with the economy the evolving role of defence R&D and other large public programmes the growth of technology policies and the innovative capabilities of SMEs the changing rationale for government laboratories the growing role of regions in fostering innovation the capability of government to adapt to rapid changes in innovation systems. This essential book will be of interest to scholars and students of science, technology and innovation policy, management, institutional economics and managers of research and innovation policies at a national and local level.Trade Review'The book is quite valuable, with its broad international coverage of state activities in the area of research and innovation support. It should also foster serious debates on the balance between public and private efforts in research and innovation.' -- Mats Benner, Journal of Economic Literature'. . . this book provides the reader with a valuable summary of national public policy approaches to research and innovation at the end of the twentieth century and is a useful addition to the shelves of industrial policy experts.' -- David Gray, Entrepreneurship and InnovationTable of ContentsContents: 1. General Introduction: A Focus on Research and Innovation Policies 2. The United States National Innovation System after the Cold War 3. Research Policy Trends in the United States: Civilian Technology Programs, Defense Technology and the Deployment of the National Laboratories 4. The Structure and Perspective of Science and Technology Policy in Japan 5. The Research, Development and Innovation System in Korea 6. The Emergence of a New European Union Research and Innovation Policy 7. The German Innovation System 8. The United Kingdom National System of Research, Technology and Innovation 9. The Netherlands: Science Policy by Mediation 10. Science, Technology and Innovation Policy in Finland 11. The Spanish System of Research 12. Science, Technology and Innovation Policy in Italy 13. French Research and Innovation Policy: Two Decades of Transformation 14. General Conclusion: Three Major Trends in Research and Innovation Policies Index

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Book SynopsisThe economics of language remains neglected territory. Language makes information operational. As a social technology, it is a resource of the symbolic species - some argue it defines the human species. Language affects ability to find employment; cultural identity, effective communication in business, international trade, and tourism; negotiations and settlement procedures; political activity; and conflict within and between nations.Donald Lamberton, a leading scholar in the field, has selected key papers which address issues such as why some languages survive and others do not, the importance of language to the operation of a world-wide business, the problem of the language divide in economic development and the future of new language technologies such as telephone interpreting services, the internet and talking machines.This authoritative collection of papers contributes, in the words of Jacob Marschak, to 'the essential stuff of economics, in particular the economics of uncertainty that characterizes problems of human information, communication and organization'.Trade Review'This book opens up many linguistic aspects of economics and shows in numerous ways how current research in this discipline is intimately related to that of communication.' -- Emile McAnany, Communication Research Trends'This reviewer found reading this anthology interesting and profitable.' -- L. Zgusta, American Reference Books Annual 2003'Don Lamberton has been a pioneer in several previously underdeveloped fields of economics - the economics of information, innovation and telecommunications - and his energy and enthusiasm has been instrumental in getting economists to give these the attention they deserve. In this edited book he has turned his attention to the economics of language. Economists have much to learn about the evolution of language and its role in economic development. In particular, a proper understanding of the economics of language is probably essential if the globalization project is to deliver benefits to all rather than just to some. This pioneering collection edited by Don Lamberton will help put us on the right track.' -- G.M. Peter Swann, University of Manchester, UKTable of ContentsContents: Acknowledgements Preface Introduction Language: A Social Technology? Donald M. Lamberton PART I THEORETICAL APPROACHES 1. Jacob Marschak (1965), ‘Economics of Language’ 2. François Vaillancourt (1983), ‘The Economics of Language and Language Planning’ 3. Reinhard Selten and Jonathan Pool (1991), ‘The Distribution of Foreign Language Skills as a Game Equilibrium’ 4. François Grin (1992), ‘Towards a Threshold Theory of Minority Language Survival’ 5. Jeffrey Church and Ian King (1993), ‘Bilingualism and Network Externalities’ 6. Marcellus S. Snow (1998), ‘Economic, Statistical, and Linguistic Factors Affecting Success on the Test of English as a Foreign Language (TOEFL)’ 7. Edward P. Lazear (1999), ‘Culture and Language’ PART II PROFITS AND WAGES 8. Pavel Pelikán (1969), ‘Language as a Limiting Factor for Centralization’ 9. Nigel B.R. Reeves (1990), ‘The Foreign Language Needs of U.K.-Based Corporations’ 10. Carol S. Fixman (1990), ‘The Foreign Language Needs of U.S.-Based Corporations’ 11. Rebecca Marschan-Piekkari, Denice Welch and Lawrence Welch (1999), ‘In the Shadow: The Impact of Language on Structure, Power and Communication in the Multinational’ 12. Barry R. Chiswick and Paul W. Miller (1995), ‘The Endogeneity between Language and Earnings: International Analyses’ PART III POLICY 13. Joseph Lo Bianco (1997), ‘English and Pluralistic Policies: The Case of Australia’ 14. Mariel Tisdell (1998), ‘Socio-economic Aspects of Language Policies: An Australian Perspective’ PART IV TECHNOLOGY SOLUTIONS 15. Gordon B. Thompson (1977), ‘The World Turned Upside Down: Information Technology and the Linguistic Constraint’ 16. Uldis Ozolins, Tom Pointon and Chris Doucouliagos (1999), ‘The Market for Telephone Interpreting Services in Australia’ 17. (1998), ‘Word Perfected: Can Machines Talk? From Next Month They Will’ 18. Joann P. Ryan (1992), ‘Machine Translation: Matching Reality to Expectations’ 19. Geoffrey Nunberg (2000), ‘Will the Internet Always Speak English?’ PART V APPENDIX 20. Roger Backhouse, Tony Dudley-Evans and Willie Henderson (1993), ‘Exploring the Language and Rhetoric of Economics’ Name Index

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Book SynopsisAnthony Ellison cuts through conventional neo-classical interpretations to expose the indispensable contribution of entrepreneurs in driving the market process and, in particular, in accomplishing the deregulation of the transportation, trade, telecommunications and financial regimes both in North America and across the globe. Entrepreneurs have an important role in any economy, but in this seminal study, the author argues that they have played a crucial part in shaping the contemporary global market. Entrepreneurs and the Transformation of the Global Economy situates the emergence of the contemporary global market economy within an historical context.The author reviews the rival interpretations of the global impacts of the surging market economy and is particularly critical of previous Marxist interpretations. His examination of the deregulation of the North American airline industry and the re-design of its organisational infrastructure serves to illustrate the potential of the neo-institutional approach in economic analysis and is intended to offer a more meaningful alternative.This book will be of interest to academics and researchers of public sector economics, globalisation and deregulation as well as transport economists.Trade Review'This is a book that should be read by those who teach and research in the area of industrial economics.' -- David Gray, Entrepreneurship and Innovation'Professor Ellison has written a wide ranging book which makes a major contribution both to serious economics and to practical policy making. Not surprisingly, given his expertise in those areas, he focuses a great deal on transport in general, and on civil aviation in particular. But perhaps more interesting is his emphasis on entrepreneurship and the human element in decision making. The result is a work which will be interesting and valuable in its own right to a whole range of economists. It will also repay scrutiny by others interested in transport, and business behaviour.' -- Lord Maurice Peston, University of London, UKTable of ContentsContents: Preface Introduction 1. Transport’s Punctuated Precession in North America 2. Regulating and Deregulating the Transformations 3. Future Imperfect 4. Ideologues, Entrepreneurs and Explanations 5. Alternatives to Attaining Efficient Resource Allocation through Transport Markets: Origins and Implications 6. Deregulation as Economic Engineering 7. The FAA and the US Domestic Civil Aviation System 8. The Organisational Re-design of Canada’s Aviation Infrastructure 9. The Reality of Nirvana 10. A Classical Modernist Bibliography Journals Index

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Book SynopsisForeign Exchange Markets presents a selection of classic finance and economics articles on key topics in the behavior of exchange rates and the analysis of foreign exchange markets. The editor has written an authoritative introduction to the literature.The volume comprises five sections which cover a range of topics. The first section deals with fundamental analysis and the second with statistical models of exchange rate behavior. The third section discusses technical analysis and the fourth covers central bank intervention. The fifth section looks at the micro structure of foreign exchange markets. Many of the papers deal with analysis of daily or intra-day data. The papers are chosen to blend theory and empirics.Trade Review'This book with its collection of classical and influential articles is a must on the desk of any scholar with an interest in the behavior of foreign exchange rates. Researchers in the field of foreign exchange are provided with an extremely valuable mini-library containing an up-to-date overview of research questions, and in depth analyses of empirical methods and data problems. The collection starts with articles on the failure of fundamentals as determinants of exchange rate behavior. It continues through statistical models and technical analysis to research on the micro structure of foreign exchange markets. In the end the circle is closed with research on the linkages between micro structure and long term exchange rate behavior. The introductory chapter provides an excellent overview of the issues from the micro level to macro policy issues and it includes valuable references to additional literature that could not fit in between the covers.' -- Clas Wihlborg, Copenhagen Business School, DenmarkTable of ContentsContents: Acknowledgements Foreword Richard Roll Introduction Richard J. Sweeney PART I FUNDAMENTALS IN THE FOREIGN EXCHANGE MARKET 1. Stanley Fischer (2001), ‘Exchange Rate Regimes: Is the Bipolar View Correct?’ 2. Rudiger Dornbusch (1976), ‘Expectations and Exchange Rate Dynamics’ 3. Richard A. Meese and Kenneth Rogoff (1983), ‘Empirical Exchange Rate Models of the Seventies: Do They Fit Out of Sample?’ 4. Nelson C. Mark and Donggyu Sul (2001), ‘Nominal Exchange Rates and Monetary Fundamentals: Evidence from a Small Post-Bretton Woods Panel’ PART II STATISTICAL MODELS OF THE FOREIGN EXCHANGE MARKET 5. Torben G. Andersen and Tim Bollerslev (1997), ‘Intraday Periodicity and Volatility Persistence in Financial Markets’ 6. Torben G. Andersen and Tim Bollerslev (1998), ‘Deutsche Mark-Dollar Volatility: Intraday Activity Patterns, Macroeconomic Announcements, and Longer Run Dependencies’ 7. Jun Cai, Yan-Leung Cheung, Raymond S.K. Lee and Michael Melvin (2001), ‘“Once-in-a-Generation” Yen Volatility in 1998: Fundamentals, Intervention, and Order Flow’ PART III TECHNICAL ANALYSIS OF FOREIGN EXCHANGE MARKETS 8. Christopher J. Neely (2002), ‘The Temporal Pattern of Trading Rule Returns and Exchange Rate Intervention: Intervention Does Not Generate Technical Trading Profits’ PART IV CENTRAL BANK INTERVENTION IN THE FOREIGN EXCHANGE MARKET 9. Richard T. Baillie and William P. Osterberg (1997), ‘Why Do Central Banks Intervene?’ 10. Rasmus Fatum and Michael Hutchison (1999), ‘Is Intervention a Signal of Future Monetary Policy? Evidence from the Federal Funds Futures Market’ 11. R.J. Sweeney (2000), ‘Does the Fed Beat the Foreign-Exchange Market?’ 12. Andreas M. Fischer and Mathias Zurlinden (1999), ‘Exchange Rate Effects of Central Bank Interventions: An Analysis of Transaction Prices’ 13. Kathryn M.E. Dominguez (2003), ‘The Market Microstructure of Central Bank Intervention’ PART V MICRO STRUCTURE OF THE FOREIGN EXCHANGE MARKET 14. Richard K. Lyons (1995), ‘Tests of Microstructural Hypotheses in the Foreign Exchange Market’ 15. Bettina Peiers (1997), ‘Informed Traders, Intervention, and Price Leadership: A Deeper View of the Microstructure of the Foreign Exchange Market’ 16. Vicentiu Covrig and Michael Melvin (2002), ‘Asymmetric Information and Price Discovery in the FX Market: Does Tokyo Know More About the Yen?’ 17. Martin D.D. Evans and Richard K. Lyons (2002), ‘Order Flow and Exchange Rate Dynamics’ Name Index

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Book SynopsisThis authoritative research review discusses the most influential papers relating to the economics of transfer pricing. The piece notably covers the topic of transfer pricing in light of divisionalization, government regulations, bargaining models, market distortions and product characteristics as well as touching on the important subjects of empirical estimates of transfer price manipulation and transfer mispricing estimates. Written by Lorraine Eden, one of the founders and a leading contributor to the field, this research review promises to be useful reading for doctoral students, faculty members and policy makers who wish to extend their knowledge on the economics of transfer pricing.Table of ContentsContents: PART I THE EARLY WORK: DIVISIONALIZED TRANSFER PRICING 1. Paul W. Cook, Jr. (1955), ‘Decentralization and the Transfer-Price Problem’, Journal of Business, 28 (2), April, 87–94 2. Jack Hirshleifer (1956), ‘One the Economics of Transfer Pricing’, Journal of Business, 29 (3), July, 172–84 3. Jack Hirshleifer (1957), ‘Economics of the Divisionalized Firm’, Journal of Business, 30 (2), April, 96–108 4. J. R. Gould (1964), ‘Internal Pricing in Firms When There Are Costs of Using an Outside Market’, Journal of Business, 37 (1), January, 61–67 PART II GOVERNMENTS AND TRANSFER PRICING A. Government Regulation 5. Thomas Horst (1971), ‘The Theory of the Multinational Firm: Optimal Behaviour under Different Tariff and Tax Rates’, Journal of Political Economy, 79 (5), September–October, 1059–72 6. L. W. Copithorne (1971), ‘International Corporate Transfer Prices and Government Policy’, Canadian Journal of Economics, IV (3), August, 324–41 7. E. J. R. Booth and Oscar W. Jensen (1977), ‘Transfer Prices in the Global Corporation under Internal and External Constraints’, Canadian Journal of Economics, 10 (3), August, 434–46 8. Lorraine A. B. Eden (1978), ‘Vertically Integrated Multinationals: A Microeconomic Analysis’, Canadian Journal of Economics, 11 (3), August, 534–46 9. Takao Itagaki (1979), ‘Theory of the Multinational Firm: An Analysis of Effects of Government Policies’, International Economic Review, 20 (2), June, 437–48 10. Eric W. Bond (1980), ‘Optimal Transfer Pricing when Tax Rates Differ’, Southern Economic Journal, 47 (1), July, 191–200 11. Homi Katrak (1981), ‘Multi-National Firms’ Exports and Host Country Commercial Policy’, Economic Journal, 91 (362), June, 454–65 12. Larry Samuelson (1982), ‘The Multinational Firm with Arm’s Length Transfer Price Limits’, Journal of International Economics, 13 (3–4), November, 365–74 13. Lorraine Eden (1983), ‘Transfer Pricing Policies under Tariff Barriers’, Canadian Journal of Economics, 16 (4), November, 669–85 14. W. Erwin Diewert (1985), 'Transfer Pricing and Economic Efficiency', in Alan M. Rugman and Lorraine Eden (eds), Multinationals and Transfer Pricing, Chapter 3, London, UK and New York, NY, USA: St. Martin's Press, 47–79 15. Lorraine Eden (1985), ‘The Microeconomics of Transfer Pricing’, in Alan M. Rugman and Lorraine Eden (eds.), Multinationals and Transfer Pricing, Chapter 2, London: Croom Helm and New York: St. Martin’s Press, 13–46 16. Chander Kant (1988), ‘Endogenous Transfer Pricing and the Effects of Uncertain Regulation’, Journal of International Economics, 24 (1–2), February, 147–57 17. Chander Kant (1990), ‘Multinational Firms and Government Revenues’, Journal of Public Economics, 42, July, 135–47 18. Lorraine Eden (1998), ‘Taxing Multinationals in Theory’, in Lorraine Eden (ed.) Taxing Multinationals: Transfer Pricing and Corporate Income Taxation in North America, Toronto: University of Toronto Press, 279–319 19. Guttorm Schjelderup and Alfons J. Weichenrieder (1999), ‘Trade, Multinationals, and Transfer Pricing Regulations’, Canadian Journal of Economics, 32 (3), May, 817–31 20. Christian Keuschnigg and Michael P. Devereux (2013), ‘The Arm’s Length Principle and Distortions to Multinational Firm Organization’, Journal of International Economics, 89, 432–40 B. Bargaining Models 21. Jan Svejnar and Stephen C. Smith (1984), ‘The Economics of Joint Ventures in Less Developed Countries’, Quarterly Journal of Economics, 99 (1), February, 149–68 22. Thomas J. Prusa (1990), ‘An Incentive Compatible Approach to the Transfer Pricing Problem’, Journal of International Economics, 28 (1–2), February, 155–72 23. Thomas A. Gresik and Douglas R. Nelson (1994), ‘Incentive Compatible Regulation of a Foreign-Owned Subsidiary’, Journal of International Economics, 36 (3–4), May, 309–31 24. Ramy Elitzur and Jack Mintz (1996), ‘Transfer Pricing Rules and Corporate Tax Competition’, Journal of Public Economics, 60, 401–22 25. Andreas Haufler and Guttorm Schjelderup (2000), ‘Corporate Tax Systems and Cross-Country Profit Shifting’, Oxford Economic Papers, 52 (2), April, 306–25 26. Pascalis Raimondos-Møller and Kimberley Scharf (2002), ‘Transfer Pricing Rules and Competing Governments’, Oxford Economic Papers, 54 (2), April, 230–46 27. Hans Jarle Kind, Karen Helene Midelfart and Guttorm Schjelderup (2005), ‘Corporate Tax Systems, Multinational Enterprises, and Economic Integration’, Journal of International Economics, 65 (2), March, 507–21 28. Susana Peralta, Xavier Wauthy and Tanguy van Ypersele (2006), ‘Should Countries Control International Profit Shifting?’, Journal of International Economics, 68 (1), January, 24–37 PART III MARKETS AND TRANSFER PRICING A. Market Distortions 29. Raveendra N. Batra and Josef Hadar (1979), ‘Theory of the Multinational Firm: Fixed versus Floating Exchange Rates’, Oxford Economic Papers, 31 (2), July, 258–69 30. Takao Itagaki (1981), ‘The Theory of the Multinational Firm under Exchange Rate Uncertainty’, Canadian Journal of Economics, 14 (2), May, 276–97 31. Guttorm Schjelderup and Lars Sørgard (1997), ‘Transfer Pricing as a Strategic Device for Decentralized Multinationals’, International Tax and Public Finance, 4 (3), July, 277–90 32. Laixun Zhao (2000), ‘Decentralization and Transfer Pricing under Oligopoly’, Southern Economic Journal, 67 (2), October, 414–26 B. Product Characteristics: Intangibles and Non-Renewable Resources 33. George F. Kopits (1976), ‘Intra-Firm Royalties Crossing Frontiers and Transfer-Pricing Behaviour’, Economic Journal, 86 (344), December, 791–805 34. Larry Samuelson (1985), ‘Transfer Pricing in Exhaustible Resource Markets', in Alan M. Rugman and Lorraine Eden (eds), Multinationals and Transfer Pricing, Chapter 5, London, UK and New York, NY, USA: St. Martin's Press, 98-116 35. Harry Grubert (2003), ’Intangible Income, Intercompany Transactions, Income Shifting, and the Choice of Location’, National Tax Journal, 56, 221–42 36. Matthias Dischinger and Nadine Riedel (2011), ‘Corporate Taxes and the Location of Intangible Assets within Multinational Firms’, Journal of Public Economics, 95, (7-8), August, 691–707 PART IV EMPIRICAL ESTIMATES OF TRANSFER PRICE MANIPULATION A. Income Shifting Estimates 37. Marion B. Stewart (1986), ‘U.S. Tax Policy, Intrafirm Transfers, and the Allocative Efficiency of Transnational Corporations’, Public Finance/Finances Publiques, 41, 350–71 38. Harry Grubert and John Mutti (1991), ‘Taxes, Tariffs and Transfer Pricing in Multinational Corporate Decision Making’, Review of Economics and Statistics, 73 (2), May, 285–93 39. John Jacob (1996), ‘Taxes and Transfer Pricing: Income Shifting and the Volume of Intrafirm Transfers’, Journal of Accounting Research, 34 (2), Autumn, 301–12 40. Eric J. Bartelsman and Roel M. W. J. Beetsma (2003), ‘Why Pay More? Corporate Tax Avoidance Through Transfer Pricing in OECD Countries’, Journal of Public Economics, 87, (9-10), September, 2225–52 41. Lorraine Eden, Luis F. Juarez Valdez and Dan Li (2005), ‘Talk Softly but Carry a Big Stick: Transfer Pricing Penalties and the Market Valuation of Japanese Multinationals in the United States’, Journal of International Business Studies, 36, 398–414 42. Céline Azémar and Gregory Corocos (2009), ‘“Multinational Firms” Heterogeneity in Tax Responsiveness: The Role of Transfer Pricing’, World Economy, 32, 1291–318 PART V TRANSFER MISPRICING ESTIMATES 43. Sanjaya Lall (1973), ‘Transfer-Pricing by Multinational Manufacturing Firms’, Oxford Bulletin of Economics and Statistics, 35 (3), August, 173–93 44. Anita M. Benvignati (1985), ‘An Empirical Investigation of International Transfer Pricing by US Manufacturing Firms’, in Alan M. Rugman and Lorraine Eden (eds), Multinationals and Transfer Pricing, Chapter 10, London, UK and New York, NY, USA: St. Martin's Press, 193–211 45. Jean-Thomas Bernard and Robert J. Weiner (1990), ‘Multinational Corporations, Transfer Prices, and Taxes: Evidence from the U.S. Petroleum Industry’, in Assaf Razin and Joel Slemrod (eds.) Taxation in the Global Economy, Chicago, USA: University of Chicago Press, 123–54 46. Deborah L. Swenson (2001), ‘Tax Reforms and Evidence of Transfer Pricing’, National Tax Journal, 54 (1), 7–25 47. Kimberly A. Clausing (2003), ‘Tax-Motivated Transfer Pricing and US Intrafirm Trade Prices’, Journal of Public Economics, 87, 2207–23 48. Lorraine Eden and Peter Rodriguez (2004), ‘How Weak are the Signals? International Price Indices and Multinational Enterprises’, Journal of International Business Studies, 35 (1), 61–74 49. Agnes W. Y. Lo, Raymond M. K. Wong and Michael Firth (2010), ‘Can Corporate Governance Deter Management from Manipulating Earnings? Evidence from Related-Party Sales Transactions in China’, Journal of Corporate Finance, 16 (2), April, 225–35 50. Michael J. Ferrantino, Xuepeng Liu and Zhi Wang (2012), ‘Evasion Behaviors of Exporters and Importers: Evidence from the U.S.-China Trade Data Discrepancy’, Journal of International Economics, 86 (1), January, 141–57 Index

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Book SynopsisSingapore, South Korea and Taiwan - East Asia's newly industrialised economies (the NIE-3) - experienced a profound development transformation over recent decades. Christopher Dent makes a comparative study of their foreign economic policies, highlighting how the NIE-3 have engaged with the international economic system in an increasingly dynamic way. The book develops a new macro-framework of foreign economic policy analysis that provides the structure for this study. The author argues that the 'development context' of the NIE-3's foreign economic policies is grounded in their common development statism and semi-peripheralisation. He further contends that it is the pursuit of economic security that primarily motivates their respective foreign economic policies.This new conceptualisation of economic security in the context of foreign economic policy will appeal to academics, researchers and students in wide range of disciplines including: Asian studies, international relations, international political economy, economics and politics.Table of ContentsContents: Preface 1. Foreign Economic Policy: A New Macro-Analytical Framework 2. The Development Context: Developmental Statism and Semi-Peripheralization in Perspective 3. Singapore: The FEP of a Global City-State 4. South Korea: The FEP of a Deconstructing Developmental State 5. Taiwan: The FEP of a Contested State 6. Conclusion: A Comparative Summary References Index

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Book SynopsisAs national economies become more closely linked, the value of more active corporate and policy level cooperation is becoming increasingly recognised. This book promotes the concept of alliance capitalism - a spirit of collegial entrepreneurship - as a means to facilitate more harmonious development in the international economy. The authors examine balances between the competitive and cooperative activities of firms and governments in major industrialized countries from perspectives of efficiency and social justice. They advocate cooperation to overcome internationalized market failures and policy failures, and to reduce imbalances in the spread of gains from global commerce. This advocacy is based especially on comparisons between corporate and policy level activities in the USA and the EU, and between the USA and the EU. The potential advantages of strengthening cooperation are stressed with emphasis on imperatives being set by continuing technological advances.Alliance Capitalism and Corporate Management will be required reading for all scholars and students of international management and international political economy, business leaders and corporate managers, and decision makers in the fields of industrial and competition policy.Table of ContentsContents: Foreword Preface 1. Relational Assets, Networks and International Business Activity 2. Alliance Capitalism and Macroeconomic Policies 3. Alliance Capitalism and Microeconomic Policies 4. Inter-firm R&D Partnering in High Technology Industries 5. Financial Liberalization, Alliance Capitalism and the Changing Structure of Financial Markets 6. Corporate Alliances in the World Trading System 7. Corporate Alliances and Competition Policies 8. Alliance Capitalism in Europe 9. EU Growth Strategy and the New Economy 10. American Alliance Capitalism 11. Japan’s Network Capitalism in Evolution 12. Alliance Capitalism, FDI and Developing Countries 13. Alliance Capitalism and Collective Management Index

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Book SynopsisThis book explores the key issues relating to links between exchange rate instability and domestic inflation, including real exchange rate and interest rate manifestations, and the co-variability of exchange rates and commodity prices. The common theme throughout is the behaviour of asset prices and interest rates in international markets.A number of interrelated questions regarding the interactions of exchange rates, interest rates and commodity prices are posed: Why is purchasing power parity invariably controversial? Despite overwhelming evidence that sterilised central bank interventions are impotent, why do major industrialised countries (such as the G-7) continue to look for accords to stem exchange rate volatility? Why are the currencies of resource-based economies depreciating when the commodity prices are holding up? Has the link between exchange rates and commodity prices collapsed? In a world of increasing globalisation, why are interest rate movements so poorly correlated across countries? New insights to these and other fundamental questions in international finance are provided by way of empirical analyses. Whilst there remains much that is little understood, the conclusions concerning the validity of the theory of purchasing power parity are becoming more and more reliable.This book is a must-read for graduate students, researchers and lecturers interested in finance, economics or business. Exchange Rates, Interest Rates and Commodity Prices will also appeal to policymakers.Table of ContentsContents: Preface 1. Exchange Rates, Interest Rates and Commodity Prices: An Introduction 2. The Explosion of Purchasing Power Parity 3. On Exchange Rates, Nominal and Real 4. Purchasing Power Parity and International Competitiveness 5. The World Real Interest Rate 6. Term Structure of Interest Rates: Experience from the G7 Countries 7. Notes on Exchange Rates and Commodity Prices 8. The Price of Gold and the Exchange Rate 9. Is the $A a Commodity Currency? Index

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Book SynopsisGlobal Control aims to achieve a clearer understanding of the long process of globalization by focusing on the crucial role of information and control technologies. Information systems and control technologies are key to globalization and, while generally facilitating the overall trend to spatial reorganization, they also effect change through the pervasive influence of 'internal systems logic'. Thus, the author argues, the dominant institutions of states, firms and markets transform global development and are themselves transformed by key information technologies. More specifically the book identifies the key phases of modern globalization and analyses the crucial role played by different information technologies at each point in time.Peter McMahon uses theory in political economy with writing on technological developments, and also combines cutting edge theory with historical evidence which provides a new explanation of the last two and a half centuries of global development.This unique book will be of great interest to academics and researchers of political economy, globalization, innovation and science as well as international business scholars.Trade Review'McMahon gives us a cogent history of information systems as means of control essential to recurrent cycles of capitalist reorganization. An engaging, theoretically informed, and deeply provocative synthesis.' -- Dan Schiller, University of Illinois, Urbana-Champaign, USTable of ContentsContents: 1. Social Organization, Control and Information Technology 2. Telecommunications and the Nineteenth-Century Liberal-International World Order 3. Information Technology and US Industro-Military Development 4. Telematics and the Post-war International Order 5. Telematics as a Transnational Control Infrastructure 6. The New Cyber-Financial Global Order Bibliography Index

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Book SynopsisThis book acts as a welcome foil to current thinking on the concept of globalisation, which tends to be divided into two distinct camps: one which suggests that the neo-liberal model has triumphed and has no realistic alternative, and another which argues that globalisation, in its most extreme form, does not really exist, rather having evolved gradually from the very beginnings of industrialisation. Bob Milward presents an alternative view of globalisation and argues that indeed there has been a continuum in capitalist development, but that this has been forged by historical processes and the dynamism of the competitive forces of capitalism. He identifies the emergence of monopoly capitalism as an important shaping factor, and in so doing sheds light on issues of underdevelopment, multinational imperialism and crises in advanced capitalist economies.This radical, multidisciplinary account of the condition of the global economy, encompassing a critique of the neo-liberal foundations of orthodox global analysis, will appeal to an extensive audience. Students, researchers and academics in the fields of economics, heterodox economics, economic geography, politics, sociology, development studies, international relations and public policy will find Globalisation? Internationalisation and Monopoly Capitalism to be an engaging read.Trade Review'There is no doubt that Bob Milward has written a book which is intrinsically interesting, has a clear message, and is a useful contribution in a debate often muddied with hyperbole. . . . it deserves a wide readership from those. . . interested in making sense of persistent economic imbalances in twenty-first century capitalism.' -- Paul Benneworth, EH.Net'It [the book] offers a well-balanced, well-researched analysis of the present globalism from an appropriately broad-based position, both in breadth of analysis and appropriate focus, and provides a very telling account of the inadequacies of the neo-classical position.' -- Keith Cowling, University of Warwick, UKTable of ContentsContents: 1. Introduction 2. Globalisation? 3. Internationalisation 4. Monopoly Capitalism 5. Global Finance 6. Industry 7. Culture 8. Labour 9. Welfare States 10. Trade 11. Development and Underdevelopment 12. Regulation 13. Regionalisation 14. Concluding Remarks Bibliography Index

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Book SynopsisThis forward-looking volume offers insights into the globalization of the Chinese economy and its accession to the WTO.The contributors provide updated accounts of recent developments in the Chinese economy and examines the implications of China's accession for the rest of the world. Firstly, the volume offers an overview of possible changes in industrial policies and analyzes new developments in some important sectors, including agriculture, telecommunications and automobiles. It addresses the key concerns in China regarding its entry into the WTO, such as whether the WTO membership will cause massive unemployment and/or exacerbate inequalities among regions. Finally, it evaluates the implications of increased trade and financial ties with China for the rest of the world, investigating the conditions facilitating foreign direct investment in China and assessing potential trade disputes as trade between China and the rest of the world grows. The Globalization of the Chinese Economy provides a comprehensive picture of the political, economic and social environment in China as a whole. It will be of particular interest to academics of Asian studies and international relations as well as policymakers in the US, China and other Western economies.Trade Review'This one is worth reading for those interested in how China's economy is being transformed by the WTO and the larger transition to a market-based capitalist economy. Recommended.' -- S.J. Gabriel, Choice'This book provides a most authoritative analysis of the impact of China's accession to the WTO. The book should be of interest to every scholar concerned with China's future.' -- Justin Yifu Lin, Peking University, China and Hong Kong University of Science and Technology, Hong Kong'The editors of this volume - all graduated from colleges in China, received their PhD's in economics from US universities, and are currently research scholars in the US - have assembled a remarkable set of articles on China's accession to WTO. The authors, many of whom share the path of the editors, are well positioned to have both a broad perspective and a sharp insight on the issue that is much publicized yet little analyzed.' -- Yingyi Qian, University of California, Berkeley, US'This volume by a distinguished group of authors is timely and presents valuable insight.' -- Yanrui Wu, University of Western AustraliaTable of ContentsFull Contents: 1. A Globalizing China: An Introduction Part I: Transformation in the Chinese Economy 2. Revamping the Industrial Policies 3. The Future of the Agricultural Sector 4. Telecommunications: Moving Towards Competition 5. Telecommunications: Recent Rate Adjustments 6. Automobile and Fuel Industries Part II: Social Implications 7. Reconfiguration of the Labor Market 8. Regional Inequality 9. Urbanization and Population Relocation Part III: Linkage with the World 10. The Impact on the US and Other Countries 11. The Impact on Taiwan 12. Foreign Investment in China: Macro Determinants 13. Foreign Investment in China: Firm Strategies 14. Explosion of Trade Disputes? Index

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Book SynopsisIt is hard to think of anyone who has contributed so much and so widely to research in international public finance in the last 40 years as has Richard Bird. This volume of essays emerged from a conference dedicated to him. It also expands on our understanding of international public finance.Richard Bird's academic and applied work has always benefited from a far-reaching involvement with, and knowledge of, relevant policy issues in many countries around the world. The range of public finance issues to which he has contributed over the years covers practically the whole gamut of the public finance discipline: tax policy, tax administration, the interdependency between the two, intergovernmental fiscal relations, public expenditure policy, and fiscal management processes. The topics covered in this book reflect the wide contributions of Richard Bird to the subject of international public finance, including original reviews of intergovernmental fiscal relations, fiscal policy, and tax evasion and tax administration, all with a special focus on transition and developing countries. These essays, by top scholars in their own right, will deepen our own understanding of relevant problems and issues in international public finance, much like Richard Bird has been doing for many years, and will be of interest to economists, policymakers and students.Table of ContentsContents: Foreword Part I: Intergovernmental Fiscal Relations Part II: Tax Evasion, Tax Administration and the Role of Government Part III: Fiscal Policy Part IV: A Summing Up Index

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Book SynopsisThe application of real options theory to the decision making of multinational enterprises (MNEs) is an exciting new area of research within the field of international business. Such contributions will make existing theories in international business (such as internalization theory) dynamic and more realistic. This important collection presents 20 of the most significant articles that apply real options theory to international business and strategic management. The volume organizes the recent literature so that further advances can be made by international business scholars to capitalize on the power and usefulness of the real options approach. Part I includes articles that help to clarify the definitions of real options and the boundaries of applying real options theory to analyze the decision making of firms. Part II consists of applications to operational flexibility of the multinational network. Part III comprises applications to market entry modes among which joint ventures are most widely studied. Part IV refers to applications to market entry timing. Part V includes several applications to strategic management.Trade Review'A common criticism of economic theory is that its approach is static rather than dynamic, and that it ignores the impact of uncertainty on decisions. Real option theory shows that this criticism is unfounded. Real option theory explores the logic of flexibility - a crucial aspect of corporate strategy in a volatile and competitive environment. The editors have done a brilliant job in bringing together key contributions within a clear and logical structure. This book is an essential reference source for anyone working in this exciting area of research.' -- Mark Casson, University of Reading, UKTable of ContentsContents: Acknowledgements Introduction Alan M. Rugman and Jing Li PART I THE REAL OPTIONS APPROACH TO INTERNATIONAL BUSINESS AND STRATEGY 1. Peter J. Buckley, Mark Casson and Mohammed Azzim Gulamhussen (2002), ‘Internationalisation – Real Options, Knowledge Management and the Uppsala Approach’ 2. Peter J. Buckley and Mark C. Casson (1998), ‘Models of the Multinational Enterprise’ 3. Ron Adner and Daniel A. Levinthal (2004), ‘What is Not a Real Option: Considering Boundaries for the Application of Real Options to Business Strategy’ PART II APPLICATIONS OF REAL OPTIONS TO MULTINATIONAL AND OPERATIONAL FLEXIBILITY 4. Alan M. Rugman (1976), ‘Risk Reduction by International Diversification’ 5. Bruce Kogut and Nalin Kulatilaka (1994), ‘Operating Flexibility, Global Manufacturing, and the Option Value of a Multinational Network’ 6. José Manuel Campa (1994), ‘Multinational Investment Under Uncertainty in the Chemical Processing Industries’ 7. Subramanian Rangan (1998), ‘Do Multinationals Operate Flexibly? Theory and Evidence’ 8. Kent D. Miller and Jeffrey J. Reuer (1998), ‘Firm Strategy and Economic Exposure To Foreign Exchange Rate Movements’ 9. Jeffrey J. Reuer and Michael J. Leiblein (2000), ‘Downside Risk Implications of Multinationality and International Joint Ventures’ PART III REAL OPTIONS AND MARKET ENTRY MODES 10. Bruce Kogut (1991), ‘Joint Ventures and the Option to Expand and Acquire’ 11. Tailan Chi and Donald J. McGuire (1996), ‘Collaborative Ventures and Value of Learning: Integrating the Transaction Cost and Strategic Option Perspectives on the Choice of Market Entry Modes’ 12. Timothy B. Folta (1998), ‘Governance and Uncertainty: The Trade-off Between Administrative Control and Commitment’ 13. Tailan Chi (2000), ‘Option to Acquire or Divest a Joint Venture’ PART IV REAL OPTIONS AND MARKET ENTRY TIMING 14. Peter J. Buckley and Mark Casson (1981), ‘The Optimal Timing of a Foreign Direct Investment’ 15. Pietra Rivoli and Eugene Salorio (1996), ‘Foreign Direct Investment and Investment Under Uncertainty’ 16. Timothy B. Folta and Kent D. Miller (2002), ‘Real Options in Equity Partnerships’ 17. Timothy B. Folta and Jonathan P. O’Brien (2004), ‘Entry in the Presence of Dueling Options’ PART V REAL OPTIONS AND STRATEGIC MANAGEMENT 18. Edward H. Bowman and Dileep Hurry (1993), ‘Strategy Through the Option Lens: An Integrated View of Resource Investments and the Incremental-Choice Process’ 19. Rita Gunther McGrath (1997), ‘A Real Options Logic for Initiating Technology Positioning Investments’ 20. Bruce Kogut and Nalin Kulatilaka (2001), ‘Capabilities as Real Options’ Name Index

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Book SynopsisThis innovative book provides a greater understanding of the relationships between transnational corporations and the economic development of host economies. In the age of globalisation, awareness of the mechanisms through which foreign firms impact on host countries is crucial. The emphasis lies on backward linkages and knowledge transfer to local firms. The book offers a theoretical framework for the activities of TNCs and a review of their impacts on South East Asian economies.The author conveys in-depth information, using extensive data collected from transnational corporations in the Malaysian electrical and electronics sector. A unique approach is adopted by presenting factors explaining the existence as well as the degree of knowledge transfer through backward linkages. To date, no other study has provided a full range of data - qualitative and quantitative - on the existence, as well as the degree, of backward linkages' transfer.Academics, practitioners and students of international business studies, international development and Asian studies will find Transnational Corporations, Technology and Economic Development of great interest, as will business school libraries in European, North American and Asian universities.Trade Review'In a meticulously researched and insightful study, Dr Axele Giroud has provided a valuable contribution to the literature on the role of transnational corporations (TNCs) in technology transfer and, thereby, the development process. Of course, there are many studies on technology transfer, but few look in so much detail at the nitty-gritty of inter-corporate relations and the contingent, delicate and intricate web of relationships underlying the processes of knowledge transfer. The book focuses on the linkages between TNCs and local suppliers and, by showing which factors explain the existence and degree of knowledge transfer, Dr Giroud illuminates a sorely neglected area of research.' -- Hafiz Mirza, University of Bradford, UK'This is a very impressive text indispensable for those who want to better understand the linkages between transnational corporations, technology transfer and economic development. Axele Giroud's comprehensive analysis on this topic presents the reader with useful theoretical insights, new conceptual syntheses and detailed empirical material. Furthermore, she manages to convey the more technical and complex aspects of the subject matter in a clear and concise fashion. The various schematic diagrams deployed throughout the text are especially helpful in this respect. Giroud's research is based on a rigorous combination of questionnaire surveys, semi-structured interviews and interesting case studies drawn from the Malaysian electrical and electronic sector. Overall, this is a fine piece of scholarship.' -- Christopher M. Dent, University of Leeds, UKTable of ContentsContents: 1. Introduction 2. TNCs and Backward Linkages in Host Countries: A Theoretical Approach 3. TNCs and their Impact in Host-Developing Economies: The Case of ASEAN Countries 4. Developing Favourable Environment for Backward Linkages: Malaysia, Foreign Direct Investment and the Electrical and Electronics Sector 5. Research Methodology and Design 6. Research Findings: Case-by-Case Analysis 7. Factors Explaining Existence and Degree of Knowledge Transfer 8. Conclusion References Index

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Book SynopsisNobel Prize winner James Tobin has made outstanding contributions to modern macroeconomics. In this final collection of his work he examines the economic policies of the United States and its relations with other major economies after 1990. In James Tobin's view, the welfare of populations depends uniquely on these policies and it is important to be aware of their impact.This book brings together James Tobin's recent work, both published and unpublished, on finance and globalization, currency crises and bailouts. Emphasis is placed on international economic relations and policies, and on the IMF and World Bank. In particular, economic and monetary relations among nations, exchange rate problems and policies and the 'Tobin Tax' - popular in Europe but much misunderstood - are discussed.Professor Tobin also examines the impact of his earlier work on recent US fiscal policy. The Clinton administration followed a tight fiscal policy leading to budget surpluses, and this enabled Alan Greenspan at the Federal Reserve to follow an 'easy', low interest rate, monetary policy. This mix was advocated back in the 1950s and 1960s by Paul Samuelson and James Tobin. The memo Professor Tobin wrote for the J.F. Kennedy campaign of 1960 is published for the first time. The policy was not applied until 30-35 years later. Presenting a framework for understanding monetary and fiscal policies and how they determine full employment and growth, the book will prove invaluable to students and scholars of macroeconomics, as well as economists wishing to gain an insight into Professor Tobin's unique contribution to economics.Table of ContentsContents: Foreword by Janet Yellen Introduction Part I: Financial Globalization and World Money Part II: Currency Crises and Bailouts Part III: Growth and the Fiscal–Monetary Policy Mix Part IV: Political Economy Index

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Book SynopsisMainstream trade and commercial policy theories with lineage traced back to Smith, Ricardo, Torrens, and Mill have often trivialised the process of development as static resource allocation. Peter Sai-wing Ho re-interprets the works of these classical economists and those of the so-called 'protectionists' Hamilton, List, Manoïlesco, Prebisch, Myrdal, and Singer to offer an alternative framework that considers the role of trade, foreign investment, and technology in engendering uneven development. The author reveals that these protectionists actually offered sophisticated prescriptions involving non-trade instruments, interweaving import-substitution with export-promotion, and emphasising indigenous technological-capability cultivation.This controversial book offers a unique approach to rethinking the trade and development literature and will therefore strongly appeal to researchers, academics, and students of trade and development as well as those involved in the history of economic thought.Table of ContentsContents: Preface 1. Introduction Part I: Re-Interpreting Classical Trade Theories in a Simple Framework of Capitalist Development 2. The Mainstream Interpretation of Classical Trade Theories 3. Smith and Ricardo: Trade and Uneven Development 4. Torrens: Trade, Uneven Development, Commercial Reciprocity and Colonisation 5. Mill: Trade, Uneven Development, and Perpetual Overflow of Capital from England Part II: Re-Examining ‘Trade Protection’ Arguments from Perspectives of Development 6. The Mainstream Conception of Spontaneous Structural Changes and its Formulation of the Theory of Commercial Policy 7. Hamilton: Promoting Development of America through a Multitude of Policy Instruments 8. List: Unleashing Productive Powers and Reciprocal Effects through a Multitude of Policy Instruments 9. Manoïlesco: Supporting the Expansion of Superior Productive Sectors through Tariffs or Subventions 10. Prebisch: Infusing Dynamism into Development Processes via Raising Investment and Technological Densities, and IS and EP Industrialisation 11. Mrydal: Harnessing Spread, While Curtailing Backwash, Effects with a Multitude of Policy Actions 12. Singer: Correcting Maldistribution of Gains from Progress by Tackling International Technological Dualism 13. Some Concluding Thoughts Bibliography Index

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Book SynopsisThis authoritative new collection presents a selection of previously published seminal articles that have led to the development of intra-industry trade theory and empirical research.Parts I and II cover the pioneering research in the 1960s and a number of models of intra-industry trade that were developed from 1979 to the present day. Parts III and IV look at the empirical research problems in the choice of measure of intra-industry trade and empirical studies that seek to identify the nature of this trade. Part V deals with the role of the multinational corporation and part VI completes the collection with articles that look at extensions to asset markets and applications to other problems such as the geography of trade and rules of origin.Intra-Industry Trade will be an invaluable source of reference to all international trade economists and libraries specialising in this area.Table of ContentsContents: Acknowledgements Introduction Peter J. Lloyd and Herbert G. Grubel PART I THE BEGINNINGS 1. P.J. Verdoorn (1960), excerpt from ‘The Intra-Bloc Trade of Benelux’ 2. Kiyoshi Kojima (1964), ‘The Pattern of International Trade Among Advanced Countries’ 3. Bela Balassa (1966), ‘Tariff Reductions and Trade in Manufactures among the Industrial Countries’ 4. Herbert G. Grubel (1967), ‘Intra-industry Specialization and the Pattern of Trade’ PART II THE THEORY OF INTRA-INDUSTRY TRADE 5. Paul S. Armington (1969), ‘A Theory of Demand for Products Distinguished by Place of Production’ 6. Paul R. Krugman (1979), ‘Increasing Returns, Monopolistic Competition, and International Trade’ 7. Kelvin Lancaster (1980), ‘Intra-Industry Trade under Perfect Monopolistic Competition’ 8. Elhanan Helpman (1981), ‘International Trade in the Presence of Product Differentiation, Economies of Scale and Monopolistic Competition: A Chamberlin–Heckscher–Ohlin Approach’ 9. Rodney E. Falvey (1981), ‘Commercial Policy and Intra-Industry Trade’ 10. James A. Brander (1981), ‘Intra-Industry Trade in Identical Commodities’ 11. Avinash K. Dixit and Gene M. Grossman (1982), ‘Trade and Protection with Multistage Production’ 12. Wilfred J. Ethier (1982), ‘National and International Returns to Scale in the Modern Theory of International Trade’ 13. Donald R. Davis (1995), ‘Intra-industry Trade: A Heckscher–Ohlin–Ricardo Approach’ 14. Peter J. Lloyd (1994), ‘Aggregation by Industry in High-Dimensional Models’ PART III MEASUREMENT OF INTRA-INDUSTRY TRADE 15. H.G. Grubel and ı (1971), ‘The Empirical Measurement of Intra-Industry Trade’ 16. David Greenaway and Chris Milner (1981), ‘Trade Imbalance Effects in the Measurement of Intra-Industry Trade’ 17. Jacob Kol and Loet B.M. Mennes (1986), ‘Intra-Industry Specialization: Some Observations on Concepts and Measurement’ 18. Clive Hamilton and Paul Kniest (1991), ‘Trade Liberalisation, Structural Adjustment and Intra-Industry Trade: A Note’ 19. Marius Brülhart (1994), ‘Marginal Intra-Industry Trade: Measurement and Relevance for the Pattern of Industrial Adjustment’ PART IV EMPIRICAL STUDIES 20. Elhanan Helpman (1987), ‘Imperfect Competition and International Trade: Evidence from Fourteen Industrial Countries’ 21. David Hummels and James Levinsohn (1995), ‘Monopolistic Competition and International Trade: Reconsidering the Evidence’ 22. Donald R. Davis and David E. Weinstein (2000), ‘International Trade as an "Integrated Equilibrium": New Perspectives’ 23. David Greenaway, Robert Hine and Chris Milner (1994), ‘Country-Specific Factors and the Pattern of Horizontal and Vertical Intra-Industry Trade in the UK’ PART V THE ROLE OF THE MULTINATIONAL CORPORATION 24. John H. Dunning (1981), ‘A Note on Intra-Industry Foreign Direct Investment’ 25. James R. Markusen and Anthony J. Venables (2000), ‘The Theory of Endowment, Intra-industry and Multi-national Trade’ 26. David Greenaway, Peter J. Lloyd and Chris Milner (2001), ‘Intra-industry Foreign Direct Investment and Trade Flows: New Measures of Global Competition’ 27. Sanjaya Lall (1978), ‘The Pattern of Intra-firm Exports by U.S. Multinationals’ PART VI EXTENSIONS TO OTHER MARKETS AND APPLICATIONS TO OTHER PROBLEMS 28. Mary Amiti and Anthony J. Venables (2002), ‘The Geography of Intra-Industry Trade’ 29. Peter L. Rodriguez (2000), ‘Rules of Origin with Multistage Production’ 30. Herbert G. Grubel (1979), ‘Towards a Theory of Two-Way Trade in Capital Assets’ Name Index

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Book SynopsisPresenting the challenges and opportunities ahead, the contributors to this volume critically examine the current status and future direction of research in international marketing. The result of a sustained and lively dialogue among contributors from a variety of cultures, this volume gathers their perspectives and many insights on the revitalization of the field. The authors address the way international marketing actually functions, as well as theoretical explorations of how it should function. Some of the papers break through the bounds of traditional disciplines and methodologies to borrow whatever tools and concepts are needed for a particular inquiry. Others are less concerned with testing existing theory than with generating new insights. Still others provide results that are significant for managers. Many of the contributors are drawn to problems broad in scope and offer insights that are of considerable value for advancing the state of the art. Part I offers a review of the state of the art in international marketing and examines market orientation and withdrawal. Parts II through IV cover foreign market entry modes, strategy, and cross cultural issues. Parts V and VI discuss global electronic commerce as well as diffusion models, country equity, and global scorecards.A timely and innovative volume, Handbook of Research in International Marketing is a must read for anyone interested in marketing research or international business.Trade Review'This edited volume is a welcome addition to international marketing literature. . . The volume as a whole presents an excellent review of the international marketing field and provides some future directions. The contributors, all esteemed and well-known scholars in the field, have tackled their respective specialization areas in depth and substance. Moreover, the volume is quite comprehensive and covers a wide range of international marketing areas. I am sure it will be highly useful for researchers and practitioners in international marketing. This is one of the few such edited volumes that address not only researchers but also practitioners. It is, due to its approach and style, very accessible. In conclusion, it is a most comprehensive volume on contemporary research on international marketing and is rightly titled as ”Handbook”. For researchers, particularly Ph.D. candidates, it should serve as the first reading to bring them up to date about the state of the knowledge in their respective field. This will also help them formulate their own research questions and methodologies. For managers, it presents a wealth of knowledge that can help them formulate their international marketing strategies.' -- Pervez Ghauri, Journal of International Business StudiesTable of ContentsContents: Part I: Introduction 1. Masaaki Kotabe, ‘State-of-the-Art Review of Research International Marketing Management’ 2. G. Thomas, M. Hult and Destan Kandemir,‘Market Orientation, Learning Orientation, and Innovativeness in the Global Marketplace: Moderating Roles of Organizational Memory and Market Turbulence’ 3. Pieter Pauwels and Paul Matthyssens, ‘The Dynamics of International Market Withdrawal’ 4. M. Krishna Erramilli, ‘Regionalization of Multinationals: Implications for Research in International Marketing’ PartII: Entry Strategy 5. David B. Montgomery and Allen M. Weiss, ‘Managerial Preferences for Strategic Alliance Attributes: Some Global Contrasts’ 6. Shaoming Zou, Charles R. Taylor and S. Tamer Cavusgil, ‘The Political Economy Explanation of International Market Entry Mode Choice: An Exploratory Study’ 7. F. Esra Gençtürk, ‘Foreign Market Entry Modes: A Sequentially Embedded Decision Approach’ Part III: Cross-Cultural Research Issues 8. Attila Yaprak, ‘Measurement Problems in Cross-National Consumer Research: The State-of-the-Art and Future Research Directions’ 9. Nancy R. Buchan, ‘Experimental Economic Approaches to International Marketing Research’ 10.Cheryl C. Nakata, ‘Culture Theory in International Marketing: An Ontological and Epistemological Examination’ 11.Shi Zhang, Bernd H. Schmitt and Hillary Haley, ‘Language and Culture: Linguistic Effects on Consumer Behavior in International Marketing Research’ Part IV: Marketing Strategy 12. Preet S. Aulakh, ‘International Product Strategies: An Integrative Framework’ 13.Susan P. Douglas and C. Samuel Craig, ‘Dynamics of International Brand Architecture: Overview and Directions for Future Research’ 14. Johny K. Johansson and Ilkka A. Ronkainen, ‘Global Brands: Does Familiarity Breed Contempt?’ 15.John K. Ryans, Jr. and David A. Griffith, ‘International Advertising Research: Standardization/Adaptation and the Future’ Part V: Global Electronic Commerce 16. P. Rajan Varadarajan and Manjit S. Yadav, ‘Competitive Strategy in a Global Electronic Marketplace: Extant Strategy Perspectives Revisited’ 17.Saeed Samiee, ‘Roles and Consequences of Electronic Commerce in Global Marketing’ 18. Ravi Sarathy, ‘Privacy Protection and Global Marketing: Balancing Consumer and Corporate Interests’ Part VI: Special Topics 19. V. Kumar, ‘Global Diffusion Models: Back to the Future’ 20. Nicolas Papadopoulos and Louise A. Heslop, ‘Country Equity and Product-Country Images: State-of-the-Art in Research and Implications’ 21. Camille P. Schuster, ‘Introduction to a Global Scorecard: Industry Practice and International Implications’ 22. Robert L. Engle, ‘The Development and Use of a Global Marketing and Sales Scorecard’ 23. Narasimhan Srinivasan and Subhash C. Jain, ‘Country of Origin Effect: Synthesis and Future Direction’ Index

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Book SynopsisThis updated and fully revised second edition provides a comprehensive examination of issues of paramount importance for Southeast Asian economies including: the economic implications of the 1997 Asian crisis for both older and newer members of ASEAN the role of government and FDI in ASEAN economic growth and development trade patterns with the US, Japan and the EU and the economic implications of China's accession to the WTO for ASEAN countries the environmental consequences of industrialisation and growth the emergence of economic growth triangles and their contribution to ASEAN growth and regional cooperation the prospects and challenges of ASEAN economic cooperation before and after the crisis and the key challenges facing ASEAN member countries in the aftermath of the crisis. This is a timely and topical book. The Economies of Southeast Asia, Second Edition will continue to be a valuable and essential text for courses on Asian studies and economics, development economics and comparative economic systems in both the East and West.Trade Review'The book is well written and well structured, mixing country-specific analysis with cross-sectional analysis. It provides an extensive examination of issues of paramount importance for the South East Asian economies and, therefore, should interest academia and policymakers whose interests relate to regionalism and development in East Asia. The author has cleverly included useful suggestions for further reading at the end of each chapter, and a useful index at the end of the book. A paperback edition of over 300 pages costing £19.95 is not only value for money, but affordable as well.' -- Anthony Bende-Nabende, Asia Pacific Business Review'. . . for those seeking a fairly comprehensive mainstream account of the key issues faced by ASEAN (post-1997-98 financial crisis), this book nicely fills the order. Recommended for upper-division undergraduate through faculty collections.' -- S.J. Gabriel, Choice'This timely publication is essential reading for those wanting not only to understand the background to the 1997/98 Asian crisis but also to reach conclusions about the sustainability of recovery in Southeast Asia's economies. It is packed full of relevant detail on intra-regional trade and ASEANs wider trade and investment opportunities. In particular it will inform the important debate on whether regional economic blocs are building blocks or stumbling blocks toward global free trade.' -- Roger Sandilands, University of Strathclyde, UKAcclaim for the first edition:'. . . this book is a useful introduction to the complexities of the development of the Association of Southeast Asian Nations (ASEAN) economies within the context of the development of ASEAN itself.' -- Ahmad D. Habir, Pacific AffairsTable of ContentsContents: Preface An Overview Part I: ASEAN Economic Development and Cooperation Before the Crisis Part II: ASEAN External Economic Relations Part III: The 1997 Asian Crisis and its Aftermath Part IV: Future ASEAN Economic Cooperation and Challenges Appendix Bibliography Index

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Book SynopsisThis unique book offers a comprehensive analysis of the changing role of government with respect to domestic technology development in eight countries in both the developed and the developing world. The author distinguishes between those countries which can be classed as creators of new technologies (Japan, Korea and Israel) and those which possess the potential to create new technologies (Singapore, Malaysia, India, South Africa and Brazil). The author details the fiscal and non-fiscal policy measures each country employs to stimulate investments in R&D in the enterprise sector. He finds that, for financial instruments such as tax incentives and research grants to succeed, a strong emphasis also needs to be placed on non-fiscal policy measures. The most important of these is human resource development which is emphasised as an integral component of successful innovation policy. The book is written in a manner which allows the comparison of results between each country.Government, Innovation and Technology Policy will be a valuable text for governments, NGOs and multilateral institutions interested in the practicalities of promoting innovation at the enterprise level. It will also be useful supplementary reading for scholars and students of the theory and practice of innovation policy.Trade Review'This book is a valuable and significant contribution to the field of innovation policies and is well put together and written. It provides a novel framework for understanding the efforts made by governments to promote innovation and technological change within a global environment.' -- David B. Audretsch, Indiana University, Bloomington, US and Otto Beisheim School WHU, GermanyTable of ContentsContents: Foreword 1. Innovation Policies in a Globalised World 2. The Japanese Model of Low Government Intervention 3. The South Korean Model of Increasing Privatisation of Industrial R&D 4. The Singaporean Model of Increasing Government Intervention 5. The Malaysian Experience 6. The South African Experience since 1994 7. The Indian Experience 8. The Brazilian Experience 9. Working with the Market: Israel’s Experience with Research Grants 10. Conclusions References Index

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Book SynopsisThis volume investigates the relationship between economic globalization and institutions, or global governance, challenging the common assumption that globalization and institutionalization are essentially processes which exclude each other. Instead, the contributors to this book show that globalization is better perceived as a dual process of institutional change at the national level, and institution building at the transnational level. Rich, supporting empirical evidence is provided along with a theoretical conceptualization of the main actors, mechanisms and conditions involved in trickle-up and trickle-down trajectories through which national institutional systems are being transformed and transnational rules emerge.The book collectively argues that transnational institution building is one of the most striking features of the current period of internationalization. As a consequence, debates concerning globalization and global governance have to be reformulated. The authors posit that globalization is not threatening governance, but in fact globalization reflects a particular type of governance. The dilemma, therefore, is not between globalization and institutions, but between different meanings of governance and the balance that should be reached between them.Globalization and Institutions will be of special interest to academics and scholars of institutional economics, globalization and management. However, with its focus on two key debates for which there is clearly rising interest, many social scientists will find the book of interest.Trade Review'This valuable edited volume will move forward the debate on national business systems/varieties of capitalism in the context of globalization and provide new directions for it. Both in its persuasive theoretical sections and in its empirical chapters, the work shifts our focus to the transnational space and its interaction with national and sub-national levels. It moves away from a determinist institutionalist analysis and puts more emphasis on actors at sub-national level and their contribution to a complex and multi-directional process of non-linear change. The volume is particularly preoccupied with rule-making at the transnational level and the impact of new rules on national institutions. In contrast to many conference volumes, this one excels through a genuine integration of theory with empirical chapters and through a selection of authors who all tackle new and highly topical aspects of economic globalization.' -- Christel Lane, University of Cambridge and St John's College, Cambridge, UK'The rapid rise of supra-national institutions, in Europe and worldwide, has had a great impact on the ways business organizes and operates. New rules and regulations, professions, organizations, and models arise and become established. They provide new uncertainties and opportunities, but in any case greatly change the conditions businesses confront. Marie-Laure Djelic and Sigrid Quack have put together a set of most impressive studies analyzing the whole process as it occurs in different economic sectors, and have presented these in a conceptual frame that helps the reader make sense of them. The studies here focus on the two main issues at hand in globalization or Europeanization. They analyze the rise, nature, and spread of the new institutional systems. And they analyze the impact of these systems on formerly-national businesses and economic arrangements. Readers concerned with the impact of globalization and the new Europe on business and economic organization will find the studies here invaluable.' -- John Meyer, Stanford University, USTable of ContentsContents: Introduction: Governing Globalization – Bringing Institutions Back In 1. Theoretical Building Blocks for a Research Agenda Linking Globalization and Institutions Part I: Globalization and National Institutional Change 2. Global Investors Meet Local Managers: Shareholder Value in the Finnish Context 3. Building up an Asset Management Industry: Forays of an Anglo-Saxon Logic into the French Business System 4. Message and Medium: The Role of Consulting Firms in Globalization and its Load Interpretation 5. Changing Transnational Institutions and the Management of International Business Transactions Part II: Globalization and Transnational Institution Building 6. Coordinating Transnational Competition: Changing Patterns in the European Pulp and Paper Industry 7. Path-dependent National Systems or European Convergence? The Case of European Electricity Markets 8. Europe’s Special Case: The Five Corners of Business–state Interactions 9. Multilateral Rulemaking: Transatlantic Struggles Around Genetically Modified Food 10. Innovations in Governance: Global Structuring and the Field of Public Exchange-Traded Markets 11. Structuring Dispute Resolution in Transnational Trade: Competition and Coevolution of Public and Private Institutions Conclusion: Globalization as a Double Process of Institutional Change and Institution Building Index

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Book SynopsisThis book reprints 18 essays selected from almost 30 years of work by the author as a high level official at the UN Conference on Trade and Development, the US Treasury Department and the World Bank. These essays report some of the core analytical thinking behind positions taken by these agencies on major issues in international trade policy: e.g., the shift of view on 'trade and development' from the presumption that developing countries should receive 'special and differential treatment' to today's view that they should aggressively exploit opportunities that international trade offers. Other essays report analytical work at the US Treasury Department on proposals in the 1970s for a 'New International Economic Order' - findings that supported the more conservative line that the US government eventually took, even though the Kissinger State Department urged a more accommodating line. Some essays are highly critical, e.g., of antidumping and its use by developing countries as well as by the United States, and of the GATT/WTO system itself as a template for economic policy.Scholars and students interested in how the GATT/WTO works as a policy making system will find this collection revealing as will readers interested in a way to evaluate the impact of antidumping (and other 'trade remedies') on the national economic system and on how to construct policy mechanisms that more effectively bring the interests of all US citizens into the making of US trade policy. In addition, many of these essays are useful for courses in international economics, international relations and policy science.Table of ContentsContents: Introduction Part I: Tariffs and Other Instruments of Import Policy Part II: The New International Economic Order Part III: Administered Protection Part IV: How the GATT Works Part V: Developing Countries in the GATT/WTO Part VI: Conclusion Index

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Book SynopsisThis unique volume provides a comprehensive survey of the major economic issues that have helped shape the modern world. It includes discussions of the latest research findings in macroeconomics and scrutinises some of the most important debates in economic history. The author examines the many controversies relating to the role of government in a modern economy, long-run growth and development, the spread of the Industrial Revolution, the causes and consequences of the 'Great Depression', the 'Great Peacetime Inflation', the conduct of stabilisation policy, international economic integration and globalisation. To shed light on these major issues the volume contains interviews with ten leading economists who have each contributed extensively to the literature on macroeconomics, economic growth and development, international economics and economic history. A major theme which runs throughout the book is the conviction that economists can gain valuable insights concerning important contemporary policy issues from a knowledge of history, especially economic history. The distinguished economists featured in this book are: Ben Bernanke, Jagdish Bhagwati, Alan Blinder, Nick Crafts, Bradford DeLong, Barry Eichengreen, Kevin Hoover, Charles Jones, Christina Romer and Joseph Stiglitz.Containing an extensive and up-to-date list of references, the book provides a comprehensive guide to the modern literature on macroeconomics and related fields. It will be an essential reference for all scholars and students of economics, especially those with an interest in economic growth, business cycles, inflation, unemployment, trade and globalisation. It will also be of considerable value to students of economic history and the history of economic thought.Trade Review'This is a splendid book. It sits at the interface of economics and economic history, and provides both a textbook-style introduction to the key themes of macroeconomics and personal insights into the central debates gleaned from interviews with leading economists.' -- David Greasley, Australian Economic History Review'It should be in every library. A hundred years from now, it will be an important guide to what leading economists thought they knew, and what they knew they didn't know as of A.D. 2002.' -- Christopher Hanes, EH.Net'Conversations on Growth, Stability and Trade is a wonderful survey of the development of macroeconomic thinking over the past decades. Brian Snowdon has a knack for combining insightful essays on a subject with interviews of interesting, relevant, and diverse economists. The interviews give one an excellent sense of how economists approach policy issues.' -- David Colander, Middlebury College, US'Conversations on Growth, Stability and Trade has all the lucidity of A Modern Guide to Macroeconomics by Snowdon, Vane and Wynarczyk, combined with the fascination of Conversations with Leading Economists by Snowdon and Vane. Students will love it and their teachers will devour it the night before the big lecture. If only I had learned macroeconomics this way.' -- The late Mark Blaug, formerly of the University of London and University of Buckingham, UKTable of ContentsContents: Preface 1. Introduction: The World Economy in Historical Perspective 2. Economic Growth and Development: A Very Long-run View 3. Growth Theories: Old and New 4. Managing Aggregate Economic Instability: From Keynes to Lucas 5. International Economic Integration in the Second Global Age Interviews Appendix References Index

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Book SynopsisFast track route to mastering global finance and macreconomics Covers the key areas of global finance, from the theory of comparative advantage and the aims of the WTO/GATT to multinational business and managing forex risk Examples and lessons from some of the world's most successful businesses, including Ford, NTT DoCoMo and Nestle, and ideas from the smartest thinkers, including Paul Romer, Milton Friedman, J M Keynes, Paul Krugman and Alan Greenspan Includes a glossary of key concepts and a comprehensive resources guideTable of ContentsIntroduction to ExpressExec v 05.02.01 Introduction 1 05.02.02 What is Global Finance? 5 05.02.03 Evolution of Global Finance 13 05.02.04 The E-Dimension 25 05.02.05 The Global Dimension 35 05.02.06 The State of the Art 45 05.02.07 In Practice: Global Success Stories 61 05.02.08 Key Concepts and Thinkers 77 05.02.09 Resources 91 05.02.10 Ten Steps to Making Global Finance Work 103 Frequently Asked Questions (FAQs) 113 Index 115

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Book SynopsisThe contributors to this volume consider the consequences of Eastern enlargement of the EU for trade and investment in Europe, paying particular attention to the impact of removing technical barriers to trade, the key remaining constraint upon trade flows.The principal impact of enlargement on trade and investment flows will be through access to the Single Market and the removal of non-tariff barriers. Such barriers arise from differences in the way that products are regulated across countries. This volume contains contributions which assess the significance of technical barriers to trade and the potential impact of their removal, based upon detailed analysis of actual trade flows and the results of firm surveys in four Central and Eastern European countries.Enlargement, Trade and Investment is recommended to researchers in the field of international trade and those interested in the issue of the economic impact of enlargement. Scholars teaching about the European Union will also find this volume of great value.Trade Review'This is a wide-ranging and informative book focused on issues associated with the enlargement of the EU. The volume contains a good mix of country-specific chapters and chapters devoted to topics that transcend individual countries.' -- Thomas Brewer, Georgetown University, USTable of ContentsContents: 1. Introduction 2. Enlargement, Trade and Investment: A Review of Economic Impacts 3. Transition without Accession: The Effects of Differential Integration on Trade and Welfare in Europe 4. Trade Structures, Quality Differentiation and Technical Barriers in CEEC-EU Trade 5. Technical Barriers to Trade and the Exports of Central and Eastern European Countries to the EU: An Overview 6. The Impact of Technical Barriers to Trade on Bulgaria’s Exports to the EU and to the CEFTA Countries 7. Technical Barriers to Trade: Hungarian Exports to the European Union 8. The Perception of Technical Barriers to Trade of Manufacturing Enterprises in Poland 9. The Process of Technical Harmonization with the European Union from the Perspective of Slovak Firms Index

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Book SynopsisAt no period since the creation of the International Monetary Fund (IMF), World Bank and World Trade Organisation (WTO) has it been a more opportune time to examine the work, reform and future of the international monetary and trading systems. In this comprehensive examination, the authors provide original, independent assessments of these institutions from both an American and European perspective and offer proposals for reform and improvement. The seemingly endless problems encountered by the IMF, WTO and World Bank provide major reasons for seeking reform. However, an additional impetus is the changing balance of economic power in the world. The volume begins with an overview of the Bretton Woods and international trading systems. Following this are discrete, in-depth discussions of the three institutions from American and European points of view. The authors emphasise the need for making the IMF and World Bank more regional in structure and, like the European Bank, more frugal in the lifestyles of their officials. Similarly, they call for a narrower focus in the mission of the World Bank and the IMF. In the case of the WTO, they call for a democratic reform of the organisation comprising participation by experts and, above all, better representation and support for Third World countries. Scholars and students of political economy, as well as those interested in the history and reform of international institutions, will find this an enlightening and necessary addition to their library.Trade Review'Peter Coffey and Robert J. Riley, in Reform of the International Institutions, offer positive proposals for change in the sweeping horizon of economic institutions including the WTO. Their book also includes documents that help with research on the topic.' -- Richard Fulton, ChoiceTable of ContentsContents: Preface: The Reasons for Writing this Book Part I: The Background to the Bretton Woods System and the International Trading System 1. The Background to and the Creation of the Original Bretton Woods System Part II: The IMF, the World Bank and the WTO: An Independent European Assessment 2. The International Monetary Fund 3. The International Bank for Reconstruction and Development: The World Bank 4. The World Trade Organisation Part III: The World Bank, the IMF and the WTO: An Independent American Assessment 5. The World Bank 6. The IMF 7. The World Trade Organisation 8. Conclusions: The Future Appendices Bibliography Index

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Book SynopsisThe Open Economy and its Financial Constraints explores the role of money and finance in an open economy. The existence of money and global financial flows compound the likelihood of financial constraints, in particular, financial vulnerability, financial exclusion and financial fragility, and create the possibility of unemployment. Penelope Hawkins focuses on financial openness and contends that while vulnerable economies can benefit from long-term international capital, greater financial exposure makes them increasingly susceptible to the crises associated with financial withdrawals. The author explores in detail the experiences of South Africa, Brazil and Thailand and finds that the consequences of financial liberalisation remain uncertain. She examines the rationale behind the distribution of credit within and between countries, and goes on to construct a financial vulnerability index as an empirical mechanism to rank nations according to their vulnerability to the withdrawal of international financial flows. This book offers an innovative conceptual approach to constraints in economic theory which will appeal to students and scholars of financial economics, particularly those who embrace non-orthodox monetary theory. It will also prove an enlightening read for development economists who can draw important lessons from the book's examination of the consequences of financial liberalisation.Trade Review'This book is very insightful and informative.' -- Tae-Hee Jo, Oeconomicus'This book is an important contribution to how we understand economic openness. Penelope Hawkins focuses our attention on how financial vulnerability has real consequences for economies in the international arena as well as for sub-national economies. The detailed conceptual and theoretical treatment of financial vulnerability is enhanced by the construction of an index for measuring vulnerability, and by a series of case studies.' -- Sheila C. Dow, University of Stirling, UK'Economists are used to thinking of constraints on expenditure or activity in developing economies as both "real" and well defined and binding. Penelope Hawkins takes a hard look at financial constraints on the small open economy. She portrays these constraints not only as fuzzy in outline but also liable to sudden shifts, often becoming binding at the worst possible time. Despite their ambiguity she finds ingenious ways to measure and analyse them. Her book is a valuable contribution to the comparatively new concern with the role of finance in economic development.' -- Victoria Chick, University College London, UKTable of ContentsContents: Introduction 1. Constraints and Economic Theory 2. Money, Liquidity Preference and Banks 3. Banks’ Liquidity Preference and Financial States of Constraint 4. Liquidity Preference and Capital Flows in an Open Economy 5. Financial Vulnerability and the Open Economy 6. Three Vulnerable Economies: Thailand, Brazil and South Africa 7. Financial Constraints on Economic Activity and Employment in South Africa 8. International Liquidity Preference and Vulnerable Economies 9. Conclusion Bibliography Index

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Book SynopsisThis book questions what enduring lessons have been learnt about the interdependence of international trade and economic development during the last 50 years. Since the end of the Cold War and the advent of the WTO, developing countries have been forced to face the choice of whether, and to what extent, to integrate economically with the rest of the world. The key issue of international political economy is emphasized.The authors argue that while integration through trade has become increasingly necessary for successful development, it rapidly encounters a series of problems that remain to be resolved. These range from increasing inequality and instability, the vagaries of WTO rules, persistent agricultural protection in developed countries, through to inadequate finance and new waves of technological innovation. Underlying all these concerns, however, is the deeper question of how much the developing countries can influence the setting of the rules of the international system.Trade and Development examines all the major topics in the area of trade and development, along with proposals for new directions for UNCTAD. The book will be of great interest to academics, researchers, NGOs and policymakers involved in international and development economics.Trade Review'The essays are of high quality and full of interesting details, which is not a surprise given the distinguished group of scholars that contributed. . . this is an impressive collection of essays that adds significantly to the discussion of policies for developing countries in the context of globalization. I would strongly recommend it to academics and students interested in development, as well as policymakers in developing countries.' -- Ricardo A. LOpez, Journal of International DevelopmentTable of ContentsContents: 1. Introduction 2. The Historical Conflict of Socialism and Capitalism, and the Post-Socialist Transformation 3. Globalization and Development Strategies 4. Trade Policy as Development Policy: Building on Fifty Years’ Experience 5. Industrialization under New WTO Law 6. Technological Change and Opportunities for Development as a Moving Target 7. Financing for Development: Current Trends and Issues for the Future 8. Agricultural Trade Barriers, Trade Negotiations and the Interests of Developing Countries 9. Economic Dependence on Commodities 10. Income Distribution and Development 11. Order, the Rule of Law and Moral Norms 12. Regional Cooperation in a Changing Global Environment: Success and Failure of East Asia 12. Economic Governance Institutions in a Global Political Economy: Implications for Developing Countries Index

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Book SynopsisThe integration process of 'The Common Market of the South' (MERCOSUR) has been characterized by serious economic turbulence, including the devaluation of the Brazilian currency and the severe Argentinean monetary crisis. As a response to these difficulties, the adoption of monetary union has emerged as one possible solution to the financial uncertainty which has plagued this region.Whereas some believe MERCOSUR should become a free trade area, others are convinced that nothing less than full monetary union can bring stability to the region and ease the financial fragility of the member countries. This book discusses the future of MERCOSUR, focusing on monetary union and macroeconomic policy co-ordination, and addresses a number of important questions including: is it possible, or even desirable, to achieve monetary integration? what would the pre-conditions be for establishing such a union? what would the convergence criteria be for joining the monetary union? what are the expected economic consequences for the member countries? These questions are all addressed with particular reference to the experience of EMU and the lessons which can be learnt by MERCOSUR countries, in terms of the difficult transitions they may have to face.The book brings together a host of distinguished British, Argentinean and Brazilian economists to elucidate the critical policy issues surrounding the merits of monetary union in South America. Financial economists, international monetary economists, international relations experts, academics and practitioners interested in the issues surrounding economic and monetary union will all value the perceptive insights found in this volume.Table of ContentsContents: Introduction Part I: Lessons from the Euro and EMU for MERCOSUR 1. Learning From, and About, EMU – A UK View 2. The Euro and the EMU: Lessons for MERCOSUR Part II: MERCOSUR Macroeconomic Policy Co-ordination 3. MERCOSUR: Why Does Monetary Union Make Sense in the Long Term? 4. Macroeconomic Coordination in MERCOSUR – A Sceptical View 5. Monetary and Exchange Rate Arrangements: A Puzzle to be Solved Among Major MERCOSUR Countries 6. Some Issues on the Financial/Monetary Integration of MERCOSUR Part III: Exchange Rate Regimes and Monetary Dilemmas for MERCOSUR 7. Financial Opening, Instability and Macroeconomic Performance in Latin America During the 1990s: Some Possible Perverse Links 8. Monetary Dilemmas: Argentina in MERCOSUR Index

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Book SynopsisIn this book, Tran Van Hoa reveals how competition policy and competitiveness are essential for contemporary economic, financial and trade management as well as national and international governance. Containing new in-depth studies of these issues and their development, the book focuses on major Asian economies encountering increasing globalisation and the prevailing influence of the WTO. In major Asian economies, competition policy, while being important for trade, development and growth, is nascent. Competition Policy and Global Competitiveness in Major Asian Economies surveys the fundamentals of competition policy and investigates how, in practice, it has been developed in major economies in the Asian region. It also contains previous lessons and experiences in the formulation and implementation of competition policy and the pitfalls that may be avoided in similar future developments. Suggesting solutions in economic development and policy reform for Asian economies in the face of increasing globalisation and WTO membership requirements, this important book will be of enormous interest to economic policymakers and advisers, academics, government officials, business executives and tertiary students.Trade Review'It is a very thorough and useful volume on competition policy in Asia with emphasis on regional and international institutions and market processes. At the level of the WTO, APEC, ASEAN, UNCTAD, and with regard to various Asian economies, its analytical framework and case studies are well coordinated so that the reader gains an up-to-date knowledge of competition law and policy.' -- Roy E. Allen, Saint Mary's College, California, USTable of ContentsContents: 1. Competition Policy and Global Competitiveness in Major Asian Economies: An Overview 2. Competition Policy and Global Competitiveness: Theory and Practice 3. Competition Policy in APEC, ASEAN and the WTO 4. Competition Law in APEC Economies and in Vietnam 5. Competition Policy and SMEs in Asian Transition Economies: The Experience of China 6. Korea’s Competition Policy and Its Applications to Other Asian Economies 7. Thailand’s Global Competitiveness: Some Indicators 8. Anti-trust Law and Competition Policy in Vietnam: Macroeconomic Perspective 9. Competition and SMEs in Vietnam 10. Australian Competition Law: Experience and Lessons for Drafting Competition Law 11. Competition Policy, Global Competitiveness and Trade and Business Development in Asian Economies: The Future and Prospects Index

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Book SynopsisSince the 1940s, development thinking has been the subject of fierce debate and continual evolution. The authors of this book trace the ideas that have driven changing approaches to development, focusing also on the Prebisch-Singer Thesis, which seeks to explain the widening gaps between rich and poor nations, caused by unequal distribution of trade benefits. They discuss both aid during and after the cold war, and the rise and subsequent liberalisation crisis of the Asian 'Tiger Economies'.The Economic North-South Divide goes on to explore the structural roots of the debt crisis and considers the impact of debt management on North-South economic relations, exposing certain double standards that tilt global markets further against the South. Encouraged by recent successful opposition to neoliberalism, the authors finally propose ideas for a world where people seem to matter. This book is a welcome addition to the debate and will appeal to anyone interested in economic development and history.Trade Review'This is a distinguished book written by two distinguished analysts of, and commentators on, the outcomes and processes that have dominated the evolution of the global economic order over the last sixty years.' -- S. Subramanian, Journal of Social and Economic Development'What Raffer and Singer chose to do, they have done very well indeed.' -- Saud Choudhry, Development Policy ReviewTable of ContentsContents: Preface 1. Six Decades of Economic and Social Development Policies 2. Beyond Terms of Trade: Convergence, Divergence, and (Un)Creative Destruction 3. The Evolution of Development Thinking 4. The Neoliberal Tide of the ‘Washington Consensus’ 5. Aid to Development and the Bipolar World 6. ODA after the Cold War: Less Money at Tougher Conditions 7. Lomé: Reflecting North–South Relations since Colonial Times 8. Oil: Temporarily a Special Case 9. The Asian Tigers: What do they Prove? 10. The Debt Crisis: Historical Roots and ‘Debt Management’ During the 1980s 11. Too Little, Too Slowly: Dragging the Debt Problem into the Third Millennium 12. The WTO – Tilting Trade Rules Further Against the South 13. Textiles and Apparel: Double Standards of Adjustment and Transition 14. Towards a More Equal World Order Bibliography Index

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Book SynopsisThe twin processes of integration and fragmentation have been the distinguishing features of contemporary globalization. Nowhere is this more strikingly evident than in the Asia Pacific. This first volume of a two-volume study concentrates on the geopolitical and economic transformation of Asia Pacific. It focuses on the complex relationship between the decline of ideological bipolarity, the rapid industrialization of East Asia and the tensions generated by the shifting balance of regional and global economic interests.Particular attention is devoted to the three major powers (the United States, China and Japan) and to a number of small and middle powers in particular Indonesia, Malaysia, South Korea, Australia and Canada. Underpinning the entire analysis is the complex interplay of geopolitics, economy and culture.States, Markets and Civil Society in Asia Pacific is essential reading for scholars and researchers of Asia Pacific politics and economy. The coherent analysis will also ensure the books appeal to those in NGOs and government agencies affected by, or working in, the region.Trade Review'. . . this book is a major contribution to the literature on the broadly conceived Asia-Pacific region and will, as they say, be an invaluable resource for scholars and students alike.' -- Mark Beeson, Labour and Industry'With thorough research, well-articulated analyses and sophisticated discussion of conceptions, this book is not only an excellent reference but also a source of stimulative ideas for researchers.' -- Jian Yang, New Zealand International Review'. . . this is indeed an outstanding book which ought to be read by all who are interested in the political economy of the Asia Pacific region. I look forward to Camilleri's second volume on the development of multilateral approaches to economics and security co-operation in Asia Pacific.' -- Peng Er Lam, Asia Pacific Journal of Management'His analyses of how such security complexes, in leading to the collective identity formation within multilateralist efforts in the region, will no doubt contribute to making the second volume of this study equally well worth reading.' -- Stuart Harris, Pacifica Review'. . . Camilleri's book . . . will work well as an undergraduate text . . . It might also be of interest to academics not immediately familiar with how the region's economy relates to geopolitics as a secondary reference text.' -- Alexius A. Pereira, Asia Pacific Business Review'The book will serve as a comprehensive, sophisticated and well-researched guide to the Pacific Rim's most recent past, worth reading. . . Recommended for public, academic (upper-division undergraduate and up), and professional library collections.' -- R.P. Gardella, Choice'Once again Joseph Camilleri has written a major work. Drawing on a vast literature, he has compiled a coherent whole out of the innumerable pieces of the vast puzzle that is the Asia Pacific. Conceiving of the area as three regional subsystems, his analysis is an impressive blend of historical, conceptual, and empirical materials that focus on the interplay of geopolitics and geoeconomics in a major part of the world that will substantially shape the course of world affairs in the decades ahead. Camilleri brings a keen understanding of the dynamics of change, democratization, and civil society to bear on both the varieties and uniformities to be found in the Asia-Pacific at the outset of a new century.' -- James N. Rosenau, The George Washington University, USTable of ContentsContents: Preface 1. Geopolitical Change: From the Nixon Doctrine to the End of the Cold War 2. East Asia’s Economic Transformation 3. From Hegemony to Competitive Interdependence 4. Periphery and Semi-Periphery: In Search of a New Equilibrium 5. State, Economy and Civil Society 6. Concluding Reflections Bibliography Index

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