International economics Books

Book SynopsisThese important volumes focus on multinational corporations and present the most important articles seeking to explain the reasons for their appearance, their growth and their effects on both host and home countries and the world economy. They also includes literature addressing the effect of the international political economy on multinationals and their impact on the international systems. Country strategies as well as corporate ones are also included.Trade Review'Over the last quarter of a century the literature on direct foreign investment (DFI) has grown both in volume and sophistication. These two volumes bring together the most influential and enduring pieces in this vast research. . . . The articles included in those two volumes not only provide the theoretical tools for the analysis of these but also serve to remind us of the controversial nature of the operations of the MNC.' -- Mohammed A. Salisu, The Economic JournalTable of Contents37 articles, dating from 1966 to 1991 Contents: 1. Origins of the Study of FDI 2. Theory and Behavior of Multinational Corporations 3. Foreign Direct Investment and the International System 4. Foreign Direct Investment and the Nation State

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Book SynopsisAcclaimed articles which explore eight fundamental concepts in international political economy - including power/hegemony, interdependence, regimes, mercantilism, economic statecraft, development/dependency, and imperialism - are reprinted in this important two volume set. Scholarly debates on the use of these concepts, as well as discussion of their evolution, are also featured.Table of Contents43 articles, dating from 1931 to 1990 Contents: Volume I: 1. Conceptions of International Political Economy 2. Power/Hegemony 3. Interdependence 4. Regimes • Volume II: 1. Mercantilism 2. Economic Statecraft 3. Development/Dependency 4. Imperialism

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Book SynopsisThe International Political Economy and the Developing Countries surveys the major post-war debates on the place of the Third World in the world economy. Beginning with the initial contributions to development economics by such pioneers as W. Arthur Lewis, Paul Prebisch and Hans Singer, the collection surveys the neostructuralist, dependency and world systems approaches that emerged in the 1960s and 1970s, and the neoclassical revival that gained ground in the 1970s.Trade Review'A valuable reference collection of major works in this area . . .'

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Book SynopsisSome of the most important scholarly work in comparative politics has dealt with the domestic political consequences of the increasingly important and volatile international political economy.In this important two volume set, Ronald Rogowski draws together the core contributions from economics, history and political science. The first section presents the major theoretical essays; the second includes historical examples from the ancient, mediaeval and modern world; the third section discusses the implications for economic growth and the last section explores issues in industrial-state economic policy.Trade Review'. . . most of the essays in part two of volume two, and the contributions of Gourevitch will have a broader apppeal to theorists working in the discipline of comparitive politics and international political economy in that they are a series of essays which highlight the capacity for domestic politics to control the influence of international factors on domestic economic outcomes.' -- Rachel Parker, Australian Journal of International Affairs

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Book SynopsisThe end of the cold war has created a new and unprecedented type of mixed economy in Eastern Europe. This innovative up-to-date book questions whether the former Eastern block countries will follow the path of West European mixed economies, or if a quite different economic system will emerge.Mixed Economies in Europe presents new work by distinguished authors who offer an evolutionary perspective on the dynamics of mixed economies. In so doing, they provide a unique, policy-orientated assessment of the formation and transformation of mixed economies in both Eastern and Western Europe. In particular, they emphasise the importance of institutional arrangements and regulatory frameworks.The book shows that the liberalization of markets, both within and between European countries has led, in many cases, to a divergence of economic performance across regions and is likely to continue to do so in the future. This raises policy considerations for the EC and its constituent governments which have not, as yet, been adequately addressed.Trade Review’This book gives a good overview of the diversity of the current research agenda of evolutionary economics.’- X. De Vanssay, Journal of European IntegrationTable of ContentsIntroduction - evolutionary perspectives, John Foster and Wolfgang Blaas. Part 1 Justifying an institutionalist approach to the mixed economy: commodity variation and the evolution of money - a place for the state?, Geoffrey M. Hodgson; agent, context and innovation - a saussurian view of markets, Bart Nooteboom. Part 2 Privatization, de-regulation and re-regulation: ownership and control - lessons for privatization - a case study of the Austrian industries corporation, Kurt Bayer; economic reforms and the evo.ution of enterprise in Hungary and Poland, Maria Lissowska and Wim Swaan. Part 3 The political economy of mixed economy emergence in Europe: the transition from command to market economies - preliminary lessons and conclusions, Kazimierz Laski; the post-socialist transformation process - systemic vacuum, search processes, contradictions, Jerzy Hausner and Klaus Nielsen; in search of a new economic role of the state in the post-socialist countries, Andrzej Wojtyna; need satisfaction as a measure of human welfare, Ian Gough and Len Doyal. Part 4 European economic convergence or divergence?: technological capability and international trade performance - a comparative analysis of Eastern and Western European countries, Paolo Guerrieri; core-periphery inequalities in European integration, East and West, Andrew Tylecote; an evolutionary approach to why growth rates differ, Bart Verspagen.

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Book SynopsisMax Corden has during the course of a long and distinguished career become established as one of the world's leading authorities on international trade theory. This selection of some of his most important articles and papers - many of which are considered classics - demonstrates his distinctive style, favouring words and diagrams over mathematics and aiming always for clear and simple exposition.Part I consists of three surveys: the first covers the period from 1949 to 1964, the second reviews empirical work on protection and the third provides a long review of the normative theory of international trade. Part II deals with the theory of trade policy and includes a critical essay on strategic trade policy, as well as articles on effective protection, foreign investment and protection, and customs union theory. Other topics covered include trade and growth, balance-of-payments theory, booming sector and Dutch disease economics, and international macroeconomic policy interaction and transmission. In an introduction Max Corden gives a fascinating account of how he came to write these papers.The book will be an essential reference companion for both students and researchers concerned with international trade theory.Trade Review’Max Corden has been the leading light of trade theory and trade policy for the last 20 years. Under his influence the theory has constantly developed, and has addressed the current and latest issues of policy. With Corden theory is closely in touch with policy, and policy is always considered from a strong theoretical perspective. The essays address every aspect of trade theory and trade policy, the determinants of real trade, trade policy and protection, adjustment to shocks and monetary influences. They are the perfect tour of modern international trade ideas, a resource and education in themselves.’

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Book SynopsisThis major new book is the most up-to-date general survey of economic and political integration in the European Union. Recent key developments deriving from the Maastricht Treaty and the Single European Act are highlighted including the completion of the Single Market, the prospects for EMU, the Community budget, and the reform of the CAP. The main ingredients of EMU are discussed and the Maastricht monetary plan is critically explained. This is followed by an analysis of the Community budget to 1999 and the related reform of the CAP. Professor Swann also surveys the two other treaty pillars - Co-operation on Justice and Home Affairs and the development of Common Foreign and Security Policy. European Economic Integration concludes by reviewing the factors which have stimulated the process towards an even closer union and identifying the challenges which still face the Union as it moves towards the second millennium.Trade Review'This is a very useful little book which will no doubt prove to be of interest not only to those studying Europe as part of a course in politics, but also for those who approach this topic because they are taking economics.' -- Talking Politics'Swann writes simply and straightforwardly, with a minimum of technical economics.'– Clive H. Church, Political StudiesTable of ContentsContents: Preface 1. The Original Community Blueprint: The Form and Process of Integration 2. The Original Community Blueprint: Institutions and Integration Policies 3. The Emergence of the Single European Act 4. The Single European Act 5. Onwards to Maastricht 6. Maastricht: Principles, Competences and Powers 7. Maastricht: The Economic and Monetary Union Programme 8. The Budget and Agriculture in the 1990s 9. The Magnetism of the European Union 10. Community Dynamics and Future Problems Index

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Book SynopsisThis volume contains a selection of the most influential literature on the historical evolution of collaborative agreements in international business. Strategic alliances and other forms of collaboration are prominent features of contemporary business life, but it is seldom realized that such strategies have been extensively employed by firms throughout the twentieth century. This collection of papers - drawn from all periods of the last hundred years to the present day - seeks to explore this rich experience and highlight its importance to present-day debates and to consider the strategies of a wide range of American, Japanese and European firms and industries.Trade Review'This collection of articles will be welcomed by both parts and should be well-used in both the business courses and history courses. . . . The collection is especially useful since several of the individual items have appeared in volumes that are not readily accessible.’ -- Forrest Capie, Business HistoryTable of ContentsContents: 1. Concepts 2. International Cartels 3. Non-Equity Forms of International Collaboration 4. Joint Ventures and Equity Forms of International Collaboration

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Book SynopsisThis two volume set presents many of the most important articles on the reciprocal effects of the international system (both its political-economic and political-military attributes) and the domestic political and economic structures of the states that compose that system.Table of ContentsCONTENTS INTRODUCTION PART I: Classical Political Economy D. F. Gordon (1959), ‘What was the Labour Theory of Value?’ P. J. McNulty (1967), ‘A Note on the History of Perfect Competition’ T. Peach (1984), ‘David Ricardo’s Early Treatment of Profitability: A New Interpretation’ N-P. Ong (1983), ‘Ricardo’s Invariable Measure of Value and Sraffa’s “Standard Commodity’ W. O. Thweatt (1976), ‘James Mill and the Early Development of Comparative Advantage’ W. J. Baumol (1977), ‘Say’s (at Least) Eight Laws, or What Say and James Mill May Really Have Meant’ W. D. Grampp (1979), ‘The Economists and the Combination Laws’ P. Van Parijs (1980), ‘The Falling-Rate-of-Profit Theory of Crisis: A Rational Reconstruction by Way of Obituary’ PART II: The Marginal Revolution and Its Aftermath P. Mirowski (1984), ‘Physics and the “Marginalist Revolution”’ T. W. Hutchison (1969), ‘Economists and Economic Policy in Britain after 1870’ R. B. Ekelund, Jr. and R. F. HEBERT (1969), ‘Public Economics at the Ecole des Ponts et Chausées: 1830-1850’ P. Gramm (1970), ‘Giffen’s Paradox and the Marshallian Demand Curve’ D. A. Walker (1972), ‘Competitive Tâtonnement Exchange Markets’ D. A. Walker (1984), ‘Is Walras’s Theory of General Equilibrium a Normative Scheme?’ D. A. Collard (1984), ‘Leon Walras and the Cambridge Caricature’ C. E. Ferguson and D. L. Hooks (1971), ‘The Wicksell Effects in Wicksell and Modern Capital Theory’ PART III: The Twentieth Century P. Murrell (1983), ‘Did the Theory of Market Socialism Answer the Challenge of Ludwig von Mises?: A Reinterpretation of the Socialist Controversy’ D. P. O’Brien (1985), ‘Research Programmes in Competitive Structure’ L. S. Moss and K. I. Vaughn (1986), ‘Hayek’s Ricardo Effect: A Second Look’ D. Patinkin (1972), ‘Friedman on the Quantity Theory and Keynesian Economics’ T. Mayer (1980), ‘David Hume and Monetarism’

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Book SynopsisThis major new book is the most up-to-date general survey of economic and political integration in the European Union. Recent key developments deriving from the Maastricht Treaty and the Single European Act are highlighted including the completion of the Single Market, the prospects for EMU, the Community budget, and the reform of the CAP. The main ingredients of EMU are discussed and the Maastricht monetary plan is critically explained. This is followed by an analysis of the Community budget to 1999 and the related reform of the CAP. Professor Swann also surveys the two other treaty pillars - Co-operation on Justice and Home Affairs and the development of Common Foreign and Security Policy. European Economic Integration concludes by reviewing the factors which have stimulated the process towards an even closer union and identifying the challenges which still face the Union as it moves towards the second millennium.Trade Review'This is a very useful little book which will no doubt prove to be of interest not only to those studying Europe as part of a course in politics, but also for those who approach this topic because they are taking economics.' -- Talking Politics'Swann writes simply and straightforwardly, with a minimum of technical economics.'– Clive H. Church, Political StudiesTable of ContentsContents: Preface 1. The Original Community Blueprint: The Form and Process of Integration 2. The Original Community Blueprint: Institutions and Integration Policies 3. The Emergence of the Single European Act 4. The Single European Act 5. Onwards to Maastricht 6. Maastricht: Principles, Competences and Powers 7. Maastricht: The Economic and Monetary Union Programme 8. The Budget and Agriculture in the 1990s 9. The Magnetism of the European Union 10. Community Dynamics and Future Problems Index

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Book SynopsisThis two volume set includes the most influential writings on international debt. In addition to essential early material, the editors have assembled the key contributions written during the unfolding of the modern international debt drama from the early 1970s. An introductory chapter by the editors explains the context and order in which the writings are presented. In particular, the individual contributions are grouped under sequential headings which are intended to draw out key themes and relationships between the concerns of the original authors. This collection reflects clearly the interaction between the evolution of the international policy debate and the development of major analytical insights on the debt problem and its resolution.Trade Review'Bird and Snowden have provided a useful service in pulling together a good selection of material which would otherwise be hard to find. These volumes will be particularly valuable to students and teachers of international economics.' -- Andrew Kilpatrick, The Economic JournalTable of ContentsPART I MOTIVES FOR BORROWING AND DEBT SERVICE CAPACITY 1. J. Eaton and M. Gersovitz (1981), ‘Private Lending with Potential Default: An Analytical Framework’ 2. Jeffrey Sachs (1984), ‘Theoretical Issues in International Borrowing’ 3. Jonathan Eaton and Mark Gersovitz (19980), ‘LDC Participation in International Financial Markets: Debt and Reserves’ PART II LENDING RISKS; DEFAULT PROBABILITIES, CREDIT RATIONING AND BANK BEHAVIOUR 4. Dwight M. Jaffee and Thomas Russell(1976), ‘Imperfect Information, Uncertainty, and Credit Rationing’ 5. Joseph E. Stiglitz and Andrew Weiss (1981), ‘Credit Rationing in Markets with Imperfect Information’ 6. Jonathan Eaton and Mark Gersovitz (1981), ‘Debt with Potential Repudiation: Theoretical and Empirical Analysis’ 7. Kenneth M. Kletzer (1984), ‘Asymmetries of Information and LDC Borrowing with Sovereign Risk’ 8. Gershon Feder and Richard E. Just (1977), ‘A Study of Debt Servicing Capacity Applying Logit Analysis’ 9. Sebastian Edwards (1984), ‘LDC Foreign Borrowing and Default Risk: An Empirical Investigation, 1976-1980’ PART III BORROWER AND LENDER MISCALCULATIONS IN THE 1970S AND 1980S 10. Andrew Berg and Jeffrey Sachs (1988), ‘The Debt Crisis: Structural Explanations of Country Performance’ 11. Rudiger Dornbusch (1985), ‘External Debt, Budget Deficits, and Disequilibrium Exchange Rates’ 12. Carlos F. Dinaz-Alejandro (1984), ‘Latin American Debt: I Don’t Think We Are in Kansas Anymore’ 13. Richard N. Cooper and Jeffrey D. Sachs (1985), ‘Borrowing Myopia in International Banking’ VOLUME II PART I CRISIS: RE-EMERGENCE OF THE TRANSFER PROBLEM AND THE 1930S PARALLEL 1. J. M. Keynes (1929), ‘The German Transfer Problem’ 2. Evsey D. Domar (1957), ‘The “Burden of the Debt” and the National Income’ 3. Rudiger Dornbusch (1985), ‘Policy and Performance Links between LDC Debtors and Industrial Nations’ 4. William R. Cline (1983), ‘International Debt and the Stability of the World Economy’ 5. Barry Eichengreen and Richard Portes (1986), ‘Debt and Default in the 1930s: Causes and Consequences’ PART II STRATEGIC BEHAVIOUR BY BORROWERS AND LENDERS 6. Paul Krugman (1985), ‘International Debt Strategies in an Uncertain World’ 7. Jeremy Bulow and Kenneth Rogoff (1989), ‘A Constant Recontracting Model of Sovereign Debt’ 8. Jeffrey Sachs and Harry Huizinga (1987), ‘U. S. Commercial Banks and the Developing-Country Debt Crisis’ PART III DEBT RESCHEDULING, BUY-BACKS, RELIEF AND REDUCTION 9. W. Max Corden (1989), ‘Debt Relief and Adjustment Incentives’ 10. Paul Krugman (1988), ‘Financing vs. Forgiving a Debt Overhang’ 11. Paul R. Krugman (1989), ‘Market-Based Debt-Reduction Schemes’ 12. Graham Bird (1987), ‘Debt Swapping in Developing Countries: A Preliminary Investigation’ 13. Michael P. Dooley (1988), ‘Buy-Backs and Market Valuation of External Debt’ 14. Michael P. Dooley (1988), ‘Self-Financed Buy-Backs and Asset Exchanges’ 15. Jeremy Bulow and Kenneth Rogoff (1988), ‘The Buyback Boondoggle’ PART IV SOLUTIONS: COMPREHENSIVE SCHEMES AND APPROPRIATE PRIVATE FINANCE 16. W. Max Corden (1988), ‘An International Debt Facility?’ 17. Donald R. Lessard (1989), ‘Beyond the Debt Crisis: Alternative Forms of Financing Growth’

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Book SynopsisThe Political Economy of Global Restructuring argues that the study of political economy, and the classical perspective it offers, will become increasingly relevant as we approach the 21st century. The dramatic events in Eastern Europe, the resurgence of an invigorated market capitalism and the prospect of integrated trading and financial communities are challenging the orientation towards positivism and model-building which dominates mainstream economics. Trade and Finance, the second volume of The Political Economy of Global Restructuring, focuses on the responses of the market economies of the West to structural changes in the world economy. By in depth study of such issues as disparate gains from EEC accession among member countries who give up mercantilist practices, and the prospect of new strains between financial centres and their peripheries in consequence of a European Central Bank, this volume is a decisive step in the direction of re-establishing Political Economy as a purposeful discipline.Trade Review'Most of these papers can be recommended to enlighten and enliven students and the discussion of professional economists.' -- Jan Toporowski, The Economic JournalTable of ContentsFull circle on business cycles - lessons from the 1920s and 1930s, Warren Young; neomercantilism - what does it tell us about the political economy of international trade?, Ingrid Rima; a theory of mercantilism, John S. Chipman; the international trade system, trade blocks and US trade policies, Dominick Salvatore; the macroeconomic effects of exchange rate instability, Steven Pressman; real exchange rates and patterns of international specialization, Fabrizio Onida; Italian joint ventures abroad - country, industry and firm specific requirements, Francesca Sanna-Randaccio; the impact on Spanish industry of accession with the European Economic Community, Susan Walcott; globalization and the diffusion of technology, Klaus Weiermair; globalization and the international debt trap, Omar F. Hamouda; structural changes in financial markets and financial flows to developing countries, Jan Kregel; some scenarios for money and banking in the EC and their regional implications, Victoria Chick; a post Keynesian perspective of European integration, Philip Arestis; monetary economics after financial restructuring, John Smithin.

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Book SynopsisWhat major long-term factors will shape the European Community post-1992? Who are the central actors, how will they exert influence on Europe's future, and what are their expectations and intentions?In seeking to answer these questions, The European Challenges Post-1992 offers a multidisciplinary, qualitative approach, throwing new light on the aspirations and preoccupations aroused by the promise of the Community. Centring on socio-political and cultural concerns and their interplay with economic phenomena, this important book combines expert opinion from 12 large European research institutes - each of which provides an analysis of the major factors shaping the future of their own country - with the views of leading industrialists and business leaders. The editors bring together these different views and interpretations to offer a comprehensive assessment of the Community's future.The European Challenge Post-1992 includes contributions by the former Commissaire du Plan (Brussels), the Institute of International Economics and Management (Copenhagen), Commissariat General du Plan (Paris), Kiel Institute of World Economics (Kiel), Foundation of Economic and Industrial Research (Athens), Economic and Social Research Institute (Dublin), Centro Studi Investimenti Sociali (Rome), Institut Universitaire International (Luxembourg), Scientific Council for Government Policy (The Hague), Instituto de Prospectiva (Lisbon), Fundacion Empresa Publica (Madrid), McKinsey & Co. and the Policy Studies Institute (London).The product of a major research project, this distinguished book is an invaluable reference point for all those concerned with the future of the European Community.Trade ReviewPreface by Jacques Delors'It cannot be said that any important issue is ignored in this substantial and useful piece of research.'

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Book SynopsisWhat major long-term factors will shape the European Community post-1992? Who are the central actors, how will they exert influence on Europe's future, and what are their expectations and intentions?In seeking to answer these questions, The European Challenges Post-1992 offers a multidisciplinary, qualitative approach, throwing new light on the aspirations and preoccupations aroused by the promise of the Community. Centring on socio-political and cultural concerns and their interplay with economic phenomena, this important book combines expert opinion from 12 large European research institutes - each of which provides an analysis of the major factors shaping the future of their own country - with the views of leading industrialists and business leaders. The editors bring together these different views and interpretations to offer a comprehensive assessment of the Community's future.The European Challenge Post-1992 includes contributions by the former Commissaire du Plan (Brussels), the Institute of International Economics and Management (Copenhagen), Commissariat General du Plan (Paris), Kiel Institute of World Economics (Kiel), Foundation of Economic and Industrial Research (Athens), Economic and Social Research Institute (Dublin), Centro Studi Investimenti Sociali (Rome), Institut Universitaire International (Luxembourg), Scientific Council for Government Policy (The Hague), Instituto de Prospectiva (Lisbon), Fundacion Empresa Publica (Madrid), McKinsey & Co. and the Policy Studies Institute (London).The product of a major research project, this distinguished book is an invaluable reference point for all those concerned with the future of the European Community.Trade ReviewPreface by Jacques Delors'It cannot be said that any important issue is ignored in this substantial and useful piece of research.'

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Book SynopsisEconomic Integration between Unequal Partners deals with the emergence of the major trading blocs, including the North American Free Trade Agreement (NAFTA) and the European Union. The rise of these blocs has profound implications for the socio-economic and geo-political systems as we know them.The author's question whether the irreversible trend towards mega trading blocs will lead to a reduction of economic disparities and convergence between unequal partners, or whether the process is a 'zero sum game' where one player's gains must come at the expense of another. The first two sections deal with the experience in North America and the EU respectively. The following sections concentrate on the political economy of integration, the monetary and financial aspects of the process, and the unique experience of German unification after 1990.Featuring essays by leading experts in the field, this volume will be welcomed by scholars and students concerned with economic integration, international economics and international relations, as well as by practitioners in international institutions, finance ministries and central banks.Trade Review'This book is an important step in broadening and deepening the discussion of the implications of economic integration among nations. There are oceans of literature on economic integration, but most of that has been journalistic hyperbole. By comparison, there are only small ponds of informed and economically sophisticated analysis and too little of that has found its way into political and public awareness.'Table of ContentsContents: Foreward by Richard S. Eckaus Introduction Part I: The Process of Economic Integration in North America Part II: Integration and Unequal Development in the European Community Part III: The Political Economy of Economic Integration Part IV: Monetary and Financial Aspects of the Integration Process Part V: Lessons from the Unification of Germany Index

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Book SynopsisThe task of turning the state-owned assets of the Eastern European countries over to private ownership is one of the most challenging of our time, both intellectually and in practical terms. Ivan Major's in-depth critique of the plans and programmes of the East European governments addresses the core issues of privatization from the perspective of both potential winners and losers. After discussing the analytical framework, he offers an assessment of the legacy of the command economy and includes individual country studies of Czechoslovakia, the former GDR, Hungary, Poland and the former Soviet Union. The following chapters look at the theoretical, political and economic underpinning as well as assessments of the initial results of East European privatizations. Dr Major argues that the whole network of political regulation must be dismantled if an efficient market economy is to emerge. Privatization in Eastern Europe offers a critical analysis of the movement towards privatization in Eastern Europe as well as an authoritative assessment of the existing literature. This book will be welcomed by scholars and policymakers as an important source of analysis, argument and information.Trade Review'This short book should be read by all students of economic transition in eastern Europe. As a lucid and concise survey of the issues involved in the ongoing process of privatization in the region, it serves as an excellent introduction for students and a useful reference book for co-researchers.' -- Ian Kearns, International Affairs'This is a major contribution to our understanding of privatization in Eastern Europe. Dr Major provides a comprehensive analysis of the programme and problems of privatization in the whole area. It is a well-structured and lucidly written book which presents a convincing analysis.' -- Anders Aslund, Director of the Stockholm Institute of East European Economics, Sweden'I found this exhaustive and thoughtful book extremely interesting. I not only benefited from reading it; I also enjoyed doing so.' -- Milton Friedman, Senior Research Fellow, Hoover Institute on War, Revolution and Peace, and Nobel Laureate in Economics 1976'. . . Major's book. . . . a broad, analytical framework for considering the whole problem of privatization.' -- John Bristow, The Journal of Communist Studies and Transition Politics'. . . an interesting study by an East European scholar which provides a distinct analysis of problems of privatization in Eastern Europe. . . . the book provides useful insights into the area of Eastern European privatization.' -- Gulshan Sachdeva, Comparative Economic Studies'. . . Ivan Major's book is a highly interesting and valuable piece of writing.' -- T. Mellar, Acta OeconomicaTable of ContentsPart 1 Introduction - analytical framework. Part 2 The legacy of the command economy: state ownership, "Politburo Ownership" or "Nomenklatura Ownership"?; economic reforms and ownership; political regulation in a command economy and its consequences for privatization; what is to be privatized in Eastern Europe? - Czechoslovakia, the former GDR, Hungary, Poland, the former Soviet Union. Part 3 Starting conditions and issues in the economic transformation. Part 4 The reasons for privatization: reasons for privatization in the western literature; additional reasons for privatization in the east. Part 5 Plans and realities of privatization in eastern Europe: the initial framework of the governments' plans for privatization; plans for privatization. Part 6 Issues on privatization and restructuring: from "Nomenklatura Ownership" to private ownership via state ownership?; the privatization controversy - why privatize?; the pace and methods of privatization; privatization by free distribution - the case of the largest enterprises.

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Book SynopsisThe economics of international investment is an area in which many important theoretical and empirical contributions have been made over recent years. This volume draws together a series of original new essays which reflect and refine developments in the concepts, theories and tools of analysis of international investment and uses them to analyse recent issues posed by the growth and altered structure of international investment.Featuring contributions by many of the leading figures in the field, the volume commences with discussion of the market for foreign investment since the debt crisis, the export and foreign investment decision process of the firm, the welfare implications of R&D activities by multinational enterprises in host countries and the relationship between foreign direct investment and regionalism with particular reference to the EC. Later papers focus on foreign direct investment in Eastern Europe, the influence of exchange rate regimes on international capital flows, the use of privatization schemes to reduce external debt overhang and Malaysia’s inverse saving-investment correlation.No other book offers as extensive a coverage of important recent issues, both theoretical and empirical, in the economics of international investment. In addition to providing students, teachers and researchers with an overview of current views and theories in the area of international investment, this volume will also serve as a useful platform from which future research can be launched.Trade Review’All the papers have good summaries or conclusion. Together, this volume does a nice job in covering many of the issues in research on direct foreign investment and multinational firms.’- Mark Jelavich, The Journal of Economics -- ’It provides a valuable source of readings for those teaching specialist courses in international economics and for students researching aspects of international investment.’- Jerry Oakley, The Economic JournalTable of ContentsContents: 1. Introduction (V.N. Balasubramanyam and D. Sapsford) 2. International Investment: A Business Perspective (D.F. Lomax) 3. Internalization as a Learning Process: A Model of Corporate Growth and Geographical Diversification (M. Casson) 4. R&D Activities of Multinational Enterprises and Host Country Welfare (H. Katrak) 5. Intrafirm Royalties in the Process of Expansion of US Multinational Enterprise (R.E. Caves and A. More) 6. The Determinants of the Composition of US Foreign Direct Investment in UK Manufacturing (C. Milner and E. Pentecost) 7. East Asian Foreign Direct Investment in the EC (V.N. Balasubramanyam and D. Greenaway) 8. Foreign Investment in Eastern Europe’s Transformation Process (J. Donges and J. Wieners) 9. Capital Flows and the Excess Burden of the Exchange Rate Regime (T.C. Mills and G.E. Wood) 10. Privatization, Debt – Equity Conversions and Capital Repatriation (P.N. Snowden) 11. Malaysia’s Inverse Saving–Investment Correlation: The Role of Public and Foreign Direct Investment (M.J. Fry)

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Book SynopsisThe rapid development of a series of technologically advanced, industrial economies in the post-war period has challenged conventional understandings of economic growth. The emergence of these economies has reinvigorated the long-standing debate about why some countries grow quickly, and reach high levels of productivity, while others fall behind. Until the emergence of the new growth theory, few neoclassical economists focused upon this important issue despite the existence of a rich tradition among economic historians and economists from more heterodox traditions. The Dynamics of Technology, Trade and Growth draws upon contributions of scholars from different theoretical backgrounds to discuss why economies succeed, or fail, in creating the infrastructure, finance and technology to develop rapidly and 'catch-up' with others. After an overview by the editors of theoretical and practical developments in the economics of convergence and divergence, the book features chapters which discuss the origins of the post-war catch-up and convergence boom, convergence in trade and sectoral growth, capital accumulation, investment and resource allocation, specialization, technological change, and the potential contribution of information and communication technologies. The distinguished contributors bring together in one volume a breadth of scholarship on economic growth, convergence and divergence, ensuring that this book will be widely read by economists interested in growth, technical change and economic development.Trade Review'. . . engaging and stimulating group of essays. . . . this book is open and refreshing in the several ways it deals with our (still) substantial coefficient of ignorance. The theoretical contributions to this volume are equally compelling.' -- J.S. Metcalfe, Research Policy'This is an important and timely book arising from a conference in Norway on the relationship between technology, trade and economic growth edited by economists who themselves have made significant contributions to the literature and who provide a useful 20 page introduction to the volume with an extensive bibliography.' -- A.P. Thirlwall, The Economic Journal'Editors of this book, in their overview on The Economics of Convergence and Divergence have presented an excellent reiview by tracing back the major points of emphasis in different theoretical traditions. The book will definitely be useful for researchers in this area.' -- Pradosh Nath, Journal of Scientific and Industrial Research

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Book SynopsisThis two volume set brings together a key selection of papers written by Jacques J. Polak over the last 50 years in the fields of economics, econometrics and finance. Presented under five broad headings, the collection begins with his work on international and national business cycles - a subject on which the author worked with Nobel Prize winner Jan Tinbergen - problems of international trade and balance of payments adjustment. Later sections examine exchange rates and how they affect the balance of payments, inflation and hyperinflation; the monetary approach to the balance of payments, a subject that the author pioneered in the IMF and that became the framework of the conditionality of IMF credits; and international liquidity, with particular reference to the special drawing right (SDR). The final section features the author's essays on the international monetary system itself, including topics such as the international co ordination of national economic policies, the changes over time in the objectives of national policy making in the main industrial countries and reform of the system.Economic Theory and Financial Policy will be welcomed by researchers, students and practitioners concerned with economics, government finance, banking and international economic relations.Trade Review'In terms of the number of countries and people it has affected, Polak's work is the most important piece of macroeconomics since Keynes. As such it merits substantial respect.' -- Lance Taylor, New School for Social Research, US'This collection contains a wealth of insights for theoreticians and policymakers alike, and is a must for readers interested in international economic and monetary theory and policy.' -- Manuel Guitian, Finance and Development'The two volumes containing the selected essays of the godfather of the IMF Research Department are remarkably up to date and refreshing. . . . highly recommended reading in the history of our science and contain a number of intellectual achievements which have lost nothing of their relevance.' -- Casper De Vries, Economic JournalTable of ContentsPart 1 Business cycles, trade and the balance of payments. Part 2 Exchange rates. Part 3 The monetary approach to the balance of payments. Part 4 International liquidity. Part 5 The international monetary system.

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Book SynopsisExchange Rates and the Monetary System comprises a careful selection of Peter B. Kenen's acclaimed papers on international monetary economics written over the past thirty years. The volume includes Professor Kenen's theoretical and empirical essays on the functioning of the international monetary system, policy co-ordination and exchange rate management, the debt problem, monetary integration in Western Europe and economic reform in Eastern Europe. A detailed introduction places Professor Kenen's papers in context and outlines the development of his thought as well as his experience of international policy making and policy co-ordination, beginning with the Kennedy administration and including recent visits to institutions such as the International Monetary Fund and the Bank of England.Divided into sections which deal specifically with theory, measurement and policy prescription, this volume offers a comprehensive assessment of international monetary economics by a scholar who has made significant contributions to both theory and policy.Trade Review'The contributions to this volume are highly relevant and well worth reading.' -- Kees Koedijk, Economic Journal

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Book SynopsisTrade, Markets and Welfare brings together a selection of Kelvin Lancaster's seminal work on trade under monopolistic competition and oligopoly with differentiated products, as well as recent extensions to the analysis of markets in which the characteristics of products can be varied freely. Professor Lancaster argues that protection can sometimes improve world welfare, that there can be mutual trade gains between absolutely identical economies, and that entries of an additional firm may sometimes increase industry profits. The selection also includes some of Professor Lancaster's earlier works on trade and papers on several topics related to the theory of economic policy, including second best theory, wages policy, and a simple dynamic game model of capitalist growth.Trade, Markets and Welfare complements the first volume of Kelvin J. Lancaster's selected essays - Modern Consumer Theory - by expanding applications of consumer choice theory into new areas.Table of ContentsContents: 1. Introduction Part I: Trade 2. Intra-Industry Trade under Perfect Monopolistic Competition 3. Protection and Product Differentiation 4. Multi-Product Defensive Monopoly in an Open Economy 5. The “Product Variety’ Case for Protection 6. The Heckscher–Ohlin Trade Model 7. Protection and Real Wages Part II: Markets 8. Innovative Entry: Profit Hidden beneath the Zero 9. Product Differentiation in Two-Tiered Industries 10. Information and Product Differentiation 11. The Economics of Product Variety Part III: Welfare 12. The General Theory of Second Best 13. Strategic Considerations in Second Best 14. Productivity-Geared Wage Policies 15. The Dynamic Inefficiency of Capitalism References Index

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Book SynopsisThis important new volume addresses the many aspects of banking in European market economies in the twentieth century, making innovative and authoritative research available to historians, economists, financiers and business analysts. The distinguished group of authors examines the historic role of banks in utilizing domestic and foreign financial resources. Their contributions show that from the 1880s onwards banks became an integral part of the capital market in continental Europe. In the course of this development the banks played a crucial part in financing industry in North and Central Europe. This symbiotic relationship between banks and industry is analysed and is shown to have had a decisive impact on the inflation and crisis-prone interwar period. The comparative and quantitative methods applied in these papers reveal differences between the countries of North and Central Europe, especially with regard to the degree of state intervention in individual economies. Other topics discussed include the networks of interlocking directorships, the effectiveness of banking legislation and the impact of the national question on banking in central and Southeast Europe.Universal Banking in the Twentieth Century illustrates both striking similarities and marked differences in the role of universal banking across Europe in terms of the level of industrialization and the pace of economic growth.Trade Review'. . . the overall standard of historical research and exposition is high and the volume represents a significant addition to our knowledge of how universal banks operate the main countries of Europe.' -- Michael Collins, Business History'It covers ground of great interest to students of European economic history, particularly concerning the role of financial institutions in relatively late cases of industrialization.' -- John Hassan, The Manchester SchoolTable of ContentsPart 1 Continuity and discontinuity in historical perspective: continuity and change in Swedish banking, Ragnhild Lundstrom; the Norwegian banking system before and after the interwar crises, Even Lange; origins of the banking system in interwar Czechoslovakia, Jan Hajek; banking and nationality in Hungary, 1867-1914, Zoltan Szasz; universal banking in the Slovene region, 1900-1945, Franjo Stiblar. Part 2 Central banks, the state and universal banks: production versus currency - the Danish Central Bank in the 1920s, Per H. Hansen; Norwegian banks and the legacy of the interwar years, Sverre Knutsen; the establishment of the Anglo-Czechoslovak Bank - conflicting interests, Charlotte Natmessnig; the failure of crisis management - banking laws in interwar Austria, Gertrude Enderle-Burcel. Part 3 Universal banks and industry: banking system changes in the new Independent Czechoslovak Republic, Vlastislav Lacina; bank-industry relations in interwar Slovakia, Jozef Faltus; "mushrooms and dinosaurs" - Sieghart and the Boden-Credit-Anstalt in the 1920s, P.L. Cottrell; "for better, for worse ..." - the Credit-Anstalt and its customers in 1931, Dieter Stiefel; the Wiener Bank-Verein and its customers in the 1920s and 1930s, Desiree D. Verdonk; financing industrial companies in interwar Austria - working capital and liquidity, Alois Mosser; the industrial clientele of the Hungarian General Credit Bank, 1920-26, Agnes Pogany. Part 4 Bankers and bank-industry networks: networks of bankers and industrialists in interwar Greece, Margarita Dritsas; interlocking dictatorships between banks and industry in interwar Sweden, Jan Ottosson; interlocking directorships between commercial banks and industry in interwar Vienna, Peter Eigner.

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Book SynopsisTrade, Development and Political Economy demonstrates the power of trade theory to illuminate issues, not only within its conventional boundaries, but also outside of them, in the fields of development, history and political economy.Featuring Ronald Findlay's key papers written over the past two decades, this volume addresses problems that are a mixture of the conceptual and the methodological - such as the theory of comparative advantage and the dynamics of interaction between the advanced and developing regions of the world economy - and the topical and historical - such as the impact of oil shocks on employment and the role of trade and slavery in the emergence of the Industrial Revolution. The majority of these papers develop a model derived from the rich tradition of classical and neoclassical trade theory, and apply that model to a relevant analytical or historical question. The themes in these essays range over the intersection of international trade, economic development and political economy ensuring that this volume will be of interest to all those concerned with the implications of trade theory for economics, development and related fields.Trade Review'Investment of time and effort in reading these essays. . . yields rich dividends.' -- V.N. Balasubramanyam, The Economic Journal'This is an immensely stimulating and very scholarly collection. . . . These papers are enjoyable and mind-expanding to read.' -- W.M. Corden, Journal of International Economics'Findlay' s hope to "demstrate the power of trade theory to illuminate issues not only within conventional boundaries but especially outside them" is clearly satisfied. Expanding on Findlay's (and his coauthors') work has already proven to be fertile ground for many economists and I am sure this will continue to be the case.' -- Oscar Flores, International Trade JournalTable of ContentsPart 1 Capital, time and comparative advantage. Part 2 Tariffs and trade policy. Part 3 Oil shocks, employment and trade. Part 4 Wage differentials and economic development. Part 5 Primary exports and industrialization. Part 6 North-South models. Part 7 Slavery, trade and history. Part 8 Political economy - trade, justice and the state.

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Book SynopsisRapidly growing investment in Southeast Asia poses a major strategic and organizational challenge for European transnational corporations. In addition to establishing and maintaining profitable businesses in these strongly local markets, transnationals now have to integrate their Southeast Asian operations into their global strategies and operations. Transnational Corporations in Southeast Asia presents an institutional economic approach which describes and explains the local and regional organization of seventeen European transnational corporations in Southeast Asian markets in relation to their worldwide organization. Focusing on the period from 1984 to 1991, the book also includes a detailed account of the establishment strategies of these corporations and their major operations in the region. Professor Jansson utilizes a transaction-cost theory to explain behaviour within the European transnational corporations.Providing researchers, students and business analysts with detailed information on the experience of key transnational corporations in Southeast Asia, this important book also offers an assessment of the effects of marginal activities on multinational corporations in areas far away from their home base.Trade Review'. . . the book is well written.'

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Book SynopsisThese two volumes provide a range of perspectives on the collapse of the world economy in the interwar period, a time when problems of crisis and confrontation drastically affected world economic performance. During this period, national and international politics intruded upon global economic relations with more intensity than before. Trade and finance became instruments of government policy with the emergence of macroeconomic analyses of domestic economic performance. While the volumes concentrate on the major trends in the global economy as a whole, attention is also paid to developments in particular economies.The editor’s introduction provides a thematic overview of the main questions raised by this complex period. The Disintegration of the World Economy Between the World Wars, with its focus upon the period’s newly developing concepts for understanding trade and the macroeconomy, will be essential reading for understanding the growth and development of the world economy.Table of ContentsVolume I Acknowledgements Introduction Part I: A Contemporary’s Overview 1. H.D. Henderson (1955), ‘International Economic History of the Inter-war Period’ Part II: The Patterns of Trade, 1919-1939 2. W.A. Lewis (1952), ‘World Production, Prices and Trade, 1870-1960’ 3. H. Tyszynski (1951), ‘World Trade in Manufactured Commodities, 1899-1950’ 4. League of Nations (1942), ‘The System of Multilateral Trade’ 5. S. Grassman (1980), ‘Long-term Trends in Openness of National Economies’ 6. M. Beenstock and P. Warburton (1983), ‘Long-term Trends in Economic Openness in the United Kingdom and the United States’ 7. G. Hardach (1977), ‘Decentralization of the International Economy’ 8. United Nations (1949), ‘Capital Movements 1919–1939’ Part III: International Politics and Policies: Two Recent Overviews 9. C.P. Kindleberger (1989), ‘Commercial Policy Between the Wars’ 10. J. Redmond (1992), ‘The Gold Standard Between the Wars’ Part IV: The 1920s and the Reconstruction of the World Economy: The Limits of Internationalism 11. R. Nurkse (1944), ‘The Gold Exchange Standard’ 12. V.P. Timoshenko (1933), ‘Prices, Production, and Stocks of Principal Agricultural Commodities’ 13. J.W.F. Rowe (1935), ‘Artificial Control Schemes and the World’s Staples’ 14. United Nations (1947), ‘International Cartels in the Inter-War Period’ 15. S.V.O. Clarke (1973), ‘The Negotiations of 1922’ 16. M.E. Falkus (1971), ‘United States Economic Policy and the “Dollar Gap” of the 1920’s’ 17. S.A. Schuker (1985), ‘American “Reparations” to Germany, 1919-1933’ 18. B. Eichengreen (1980), ‘International Policy Coordination in Historical Perspective: A View from the Interwar Years’ 19. S.N. Broadberry (1989), ‘Monetary Interdependence and Deflation in Britain and the United States Between the Wars’ Name Index Volume II Acknowledgements Part I: The Emerging Crisis, 1929-1931 1. I. Fisher (1933), ‘The Debt-Deinflation Theory of Great Depression’ 2. B. Eichengreen (1992), ‘The Origins and Nature of the Great Slump Revisited’ 3. A. Newell and J.S.V. Symons (1988), ‘The Macroeconomics of the Interwar Years: International Comparisons’ 4. D. Williams (1963), ‘The 1931 Financial Crisis’ 5. D.E. Moggridge (1970), ‘The 1931 Financial Crisis – A New View’ 6. E.U. Choudhri and L.A. Kochin (1980), ‘The Exchange Rate and the International Transmission of Business Cycle Disturbances’ 7. B. Bernanke and H. James (1991), ‘The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison’ 8. H. James (1992), ‘Financial Flows Across Frontiers during the Interwar Depression’ 9. J. Foreman-Peck, A.H. Hallet and Y. Ma (1992), ‘The Transition of the Great Depression in the United States, Britain, France and Germany’ Part II: The Response to Crisis 10. H.V. Hodson (1933), ‘Tariffs and Exchange Control: The Struggle to Escape’ 11. S. Handelsbanken (1933), ‘The Great Trade War’ 12. P.A. Gourevitch (1984), ‘Breaking with Orthodoxy: The Politics of Economic Policy Responses to the Depression of the 1930s’ 13. C.A. Wurm (1989), ‘International Industrial Cartels, the State and Politics’ 14. D. MacDougall and R. Hutt (1954), ‘Imperial Preference: A Quantitative Analysis’ 15. P. Clavin (1991), ‘The World Economic Conference 1933: The Failure of British Internationalism’ 16. T.J.T. Rooth (1986), ‘Tariffs and Trade Bargaining: Anglo-Scandinavian Economic Relations in the 1930s’ 17. A.S. Milward (1981), ‘The Reichsmark Bloc and the International Economy’ 18. L. Neal (1979), ‘The Economics and Finance of Bilateral Clearing Agreements: Germany, 1934-8’ 19. V. Hentschel (1990), ‘Indicators of Real Effective Exchange Rates of Major Trading Nations from 1922 to 1937’ 20. B. Eichengreen and J. Sachs (1985), ‘Exchange Rates and Economic Recovery in the 1930s’ Part III: Trade Policy, Global Depression and the Developing World 21. C.H. Lee (1969), ‘The Effects of the Depression on Primary Producing Countries’ 22. V.P. Timoshenko (1930), ‘The Collapse of 1929-31’ and ‘The Spread of Depression’ 23. B. Eichengreen and R. Portes (1986), ‘Debt and Default in the 1930s: Causes and Consequences’ 24. I. Yamazawa (1975), ‘Industrial Growth and Trade Policy in Prewar Japan’ 25. C.F.D. Alejandro (1984), ‘Latin America in the 1930s’ 26. J.M. Campa (1990), ‘Exchange Rates and Economic Recovery in the 1930s: An Extension to Latin America’ Part IV: Contemporaries Look Forward 27. D.H. Robertson (1938), ‘The Future of International Trade’ 28. R.B. Bryce (1942), ‘Basic Issues in Postwar International Economic Relations’ Name Index

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Book SynopsisThis is the first title in The Growth of the World Economy series and collects together the most significant research and scholarship on a crucial period in the growth of international trade, from the fifteenth to the seventeenth centuries.This three hundred year span saw a dramatic expansion in the volume of world trade. Trade during this period became more truly international due to the rise of the nation-state in Europe.Articles are written by leading scholars around the world and take up such topics as the emergence of new world trade routes, trade in particular goods and commodities, European trade policies and mercantilism. With its focus on the beginnings of world trade, Trade in the Pre-Modern Era, 1400-1700 will be an indispensable reference source for all researchers concerned with the initial development of both international trade and the expansion of the world economy.Table of ContentsVolume I Acknowledgements Introduction Part I: World Perspectives and Overview 1. R. Findlay (1992), ‘The Roots of Divergence: Western Economic History in Comparative Perspective’ 2. P.R. Milgrom (1990), ‘The Role of Institutions in the Revival of Trade: The Law Merchant, Private Judges, and the Champagne Fairs’ 3. F. Mauro (1993), ‘Towards an “Intercontinental Model”: European Overseas Expansion Between 1500 and 1800’ 4. R. Findlay (1993), ‘International Trade and Factor Mobility with an Endogenous Land Frontier: Some General Equilibrium Implications of Chrisopher Columbus’ Part II: The Organization and Finance of Trade 5. C.J. Mathers (1988), ‘Family Partnerships and International Trade in Early Modern Europe: Merchants from Burgos in England and France, 1470-1570’ 6. N. Steensgaard (1981), ‘The Companies as a Specific Institution in the History of European Expansion’ 7. A.M. Carlos and S. Nicholas (1988), ‘“Giants of an Earlier Capitalism”: The Chartered Trading Companies as Modern Multinationals’ 8. R.R. Menard (1991), ‘Transport Costs and Long-Range Trade, 1300-1800: Was there a European “Transport Revolution” in the Early Modern Era?’ 9. K.N. Chaudhuri (1975), ‘The Economic and Monetary Problems of European Trade with Asia during the Seventeenth and Eighteenth Centuries’ 10. J. Sperling (1961-62), ‘The International Payments Mechanism in the Seventeenth and Eighteenth Centuries’ Part III: European Overseas Expansion and Trade A. Fifteenth Century: Venice 11. F.C. Lane (1933), ‘Venetian Shipping during the Commercial Revolution’ 12. R.T. Rapp (1975), ‘The Unmaking of the Mediterranean Trade Hegemony: International Trade Rivalry and The Commercial Revolution’ B. Sixteenth Century: Spain and Portugal 13 C.R. Phillips (1990), ‘The Growth and Composition of Trade in the Iberian Empires, 1450-1750’ 14. E.J. Hamilton (1938), ‘The Decline of Spain’ 15. P.J. Forsyth and S.J. Nicholas (1983), The Decline of Spanish Industry and the Price Revolution: A Neoclassical Analysis’ C. Seventeenth Century: England and the Netherlands 16. N. Steensgard (1990), ‘The Growth and Composition of the Long-Distance Trade of England and the Dutch Republic before 1750’ 17 N. Steensgard (1982), ‘The Dutch East India Company as an Institutional Innovation’ 18. G.M. Anderson, R.E. McCormick and R.D. Tollison (1983), ‘The Economic Organization of the English East India Company’ 19. D.A. Irwin (1991), ‘Mercantilism as Strategic Trade Policy: The Anglo-Dutch Rivalry for the East India Trade’ Name Index Volume II Acknowledgements Part I: Intra-European Trade and Trade Policies 1. F.J. Fisher (1939-40), ‘Commercial Trends and Policy in Sixteenth-Century England’ 2 R. Findlay (1987), ‘Intemediate Goods, Export Taxation and Resource-Based Industrialization’ 3. R. Davis (1954), ‘English Foreign Trade, 1660-1700’ 4. P. Benedict (1984), ‘Rouen’s Foreign Trade during the Era of the Religious Wars [1560-1600]’ 5. J.B. Collins (1984), ‘The Role of Atlantic France in the Baltic Trade: Dutch Traders and Polish Grain at Nantes, 1625-1675’ 6. M. Bogucka (1973), ‘Amsterdam and the Baltic in the First Half of the Seventeenth Century’ 7. M. Bogucka (1980), ‘The Role of Baltic Trade in European Development from the XVIth to the XVIIIth Centuries’ Part II: Commodity Markets in International Trade 8. C.H.H. Wake (1979), ‘The Changing Pattern of Europe’s Pepper and Spice Imports, ca 1400-1700’ 9. R.W. Unger (1980), ‘Dutch Herring, Technology, and International Trade in the Seventeenth Century’ 10. I. Blanchard (1986), ‘The Continental European Cattle Trades, 1400-1600’ 11. C. Wilson (1960-61), ‘Cloth Production and International Competition’ Part III: Mercantilism 12. J. Viner (1948), ‘Power versus Plenty as Objectives of Foreign Policy in the Seventeenth and Eighteenth Centuries’ 13. R. Conquest (1985), ‘The State and Commercial Expansion: England in the Years 1642-1688’ 14. A.W. Bob Coats (1992), ‘Mercantilism: Economic Ideas, History, Policy’ 15. D.C. Coleman (1980), ‘Mercantilism Revisited’ 16. R.B. Ekelund, Jr and R.D. Tollison (1984), ‘A Rent-Seeking Theory of French Mercantilism’ 17. D.A. Irwin (1992), ‘Strategic Trade Policy and Mercantilist Trade Rivalries’ Name Index

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Book SynopsisThis two volume set reprints 37 important contributions dealing with international trade throughout the world during the rise of Great Britain to world dominance, the industrialization of Western Europe, and the political and economic expansion of European powers into Asia, Africa and the Americas.The period from 1700 to 1850 saw many dramatic changes in the world economy. Frequent war among the European nations also affected these changes, influencing the timing and perhaps the ultimate magnitude of intercontinental trade.In addition to discussions of commodity trade in different parts of the world, essays in these volumes deal with the effects of governmental policies towards the flows of capital and labour and the emergence of trading institutions and their impacts on economic development. Many deal with controversial topics such as the role of slavery and the slave trade on European development, the burdens of mercantilism, and the impact of European expansion on the economies of the less developed parts of the world.Table of ContentsVolume I Acknowledgements Introduction Part I: The Broad Overview 1. C.P. Kindleberger (1975), ‘Commercial Expansion and Industrial Revolution’ 2. P. Bairoch (1973), ‘European Foreign Trade in the XIX Century: The Development of the Value and Volume of Exports [Preliminary Results]’ 3. R.A. Austen and W.D. Smith (1990), ‘Private Tooth Decay as Public Economic Virtue: The Slave-Sugar Triangle, Consumerism, and European Industrialization’ Part II: Great Britain 4. R. Davis (1962) ‘English Foreign Trade, 1700-1774’ 5. J.M. Price (1961, ‘Multilateralism and/or Bilateralism: The Settlement of British Trade Balances with “The North”, c. 1700’ 6. F. Crouzet (1980), ‘Toward an Export Economy: British Exports during the Industrial Revolution’ 7. R. Davis (1979), ‘The Industrial Revolution British overseas trade’ 8. A.H. Imlah (1950), ‘The Terms of Trade of the United Kingdom, 1798-1913’ 9. R. Pares (1956), ‘The London Sugar Market, 1740-1769’ 10. T.M. Devine (1976), ‘The Colonial Trades and Industrial Investment in Scotland, c. 1700-1815’ Part III: France 11. P. Villiers (1991), ‘The Slave and Colonial Trade in France just before the Revolution’ 12. P. Butel (1986), ‘Traditions and Changes in French Atlantic Trade Between 1780 and 1830’ Part IV: The United States 13. J.F. Shepherd and G.M Walton (1976), ‘Economic Change after the American Revolution: Pre- and Post-War Comparisons of Maritime Shipping and Trade’ 14. C.D. Goldin and F.D. Lewis (1980), ‘The Role of Exports in American Economic Growth during the Napoleonic Wars, 1793 to1807’ 15. D.C. North (1961), ‘International Economic Flows – 1815-1860’ 16. P. Temin (1967), ‘The Causes of Cotton-Price Fluctuations in the 1830’s’ Name Index Volume II Acknowledgements Part I: Africa, The Tropics, Asia and Australia 1. P. O’Brien (1982), ‘European Economic Development: The Contribution of the Periphery’ 2. D. Eltis and L.C. Jennings (1988), ‘Trade between Western Africa and the Atlantic World in the Pre-Colonial Era’ 3. R.B. Sheridan (1969), ‘The Plantation Revolution and the Industrial Revolution, 1625-1775’ 4. N.H. Leff (1973), ‘Tropical Trade and Development in the Nineteenth Century: The Brazilian Experience’ 5. F.J.A. Broeze (1975), ‘The Cost of Distance: Shipping and the Early Australian Economy, 1788-1850’ 6. K.N. Chaudhuri (1966), ‘India’s Foreign Trade and the Cessation of the East India Company’s Trading Activities, 1828-40’ Part II: Policy Issues 7. L.A. Harper (1942), ‘Mercantilism and the American Revolution 8. L. Sawers (1992), ‘The Navigation Acts Revisited’ 9. H.-C. Mui and L.H. Mui (1968-9), ‘Smuggling and the British Tea Trade Before 1784’ 10. F. Crouzet (1964), ‘Wars, Blockade, and Economic Change in Europe, 1792-1815’ 11. M. Bils (1984), ‘Tariff Protection and Production in the Early U.S. Cotton Textile Industry’ 12. P.J. Cain and A.G. Hopkins (1986), ‘Gentlemanly Capitalism and British Expansion Overseas I. The Old Colonial System, 1688-1850’ Part III: Factor Movements 13. H.A. Gemery and J.S. Hogendorn (1974), ‘The Atlantic Slave Trade: A Tentative Economic Model’ 14. B.L. Solow (1985), ‘Caribbean Slavery and British Growth: The Eric Williams Hypothesis’ 15. R. Menard (1977), ‘From Servants to Slaves: The Transformation of the Chesapeake Labor System’ 16. D.W. Galenson (1984), ‘The Rise and Fall of Indentured Servitude in the Americas: An Economic Analysis’ 17. L. Neal (1991), ‘A Tale of Two Revolutions: International Capital Flows 1789-1819’ Part IV: Trade Institutions 18. D.C. North (1968), ‘Sources of Productivity Change in Ocean Shipping, 1600-1850’ 19. C.K. Harley (1988), ‘Ocean Freight Rates and Productivity, 1740-1913: The Primacy of Mechanical Invention Reaffirmed’ 20. J.M. Price (1989), ‘What did Merchants Do? Reflections on British Overseas Trade, 1660-1790’ 21. J.M. Price and P.G.E. Clemens (1987), ‘A Revolution of Scale in Overseas Trade: British Firms in the Chesapeake Trade, 1675-1775’ Name Index

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Book SynopsisPrimary commodities - food, raw materials, fuels and base metals - continue to be a substantial proportion of the exports of many developing countries and account for over 40 per cent of world trade. The determinants of primary commodity prices, and the terms on which they are traded for manufactured goods, are topics of considerable importance for development economists.The Economics of Primary Commodities brings together in one volume important new work by a group of leading scholars on the economic analysis of primary commodity markets. Their detailed coverage of major recent developments in the field include discussion of modelling and policy issues. Topics addressed include excess co-movement of commodity prices, the stabilization of earnings in volatile commodity markets, a macroeconomic framework for trade terms between north and south, and the influence of economic policy on commodity markets. The essays should provide the reader with an overview of the current 'state-of-the-art' and a useful platform on which future research might be based.This book will be welcomed by academic researchers, practitioners and postgraduate students concerned with the economics of trade, economic development and international economics.Trade Review'An excellent and up-to-date volume. . .' -- Aslib Book Guide'In general, the editors succeeded in that the selected papers reflect the "richness and diversity" of the economics of commodity markets. . . it is a useful additional source for those who are dealing with commodity markets.' -- Roland Herrmann, Weltwirtschaftliches ArchivTable of ContentsContents: Preface 1. Introduction (D. Sapsford, W. Morgan) 2. Commodities in Crisis (A. Maizels) 3. The Excess Co-movement of Commodity Prices, Revisited (S. Leybourne, T. Lloyd, G. Reed) 4. Stabilising Earnings in Volatile Commodity Markets: Production Controls vs Price Stabilization (A. Hughes Hallett) 5. The Terms of Trade Between the North and the South: A macroeconomic Framework (P. Sarkar) 6. Trend and Volatility in the Terms of Trade: Consequences for Growth (H. Singer, M. Lutz) 7. Does Economic Policy Influence the Price Volatility of Commodities?: An Econometric Investigation of the Rice Market in Taiwan (J. Chen) 8. Trade Liberalization, Domestic Price Instability and Commodity Futures Markets: The Case of Potatoes (W. Morgan, A. Rayner, C. Ennew)

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Book SynopsisDuring the latter part of the nineteenth century and the beginning of this century both international trade and national economies grew exponentially, with international trade growing considerably faster than national income. Contributors to these two volumes question whether trade’s more rapid growth was an engine pulling successful economies, or whether government policies of trade protection had a greater impact upon national economic growth.The essays in this collection analyse four major driving forces of the period’s sustained economic growth: changes in tariff policies; the technological ‘revolution’ in transportation costs; the population and income growth effects upon demand; and the alterations to comparative advantage brought about by technological changes and resource discoveries.Table of ContentsVolume I Acknowledgements • Introduction Part I: Overview of the Integration of the Nineteenth- Century World Economy A. Quantitative Estimates 1. P. Bairoch (1974), ‘Geographical Structure and Trade Balance of European Foreign Trade from 1800 to 1970’ 2. A. Green and M.C. Urquhart (1976), ‘Factor and Commodity Flows in the International Economy of 1870–1914: A Multi-Country View’ 3. S. Kuznets (1967), Quantitative Aspects of the Economic Growth of Nations: X. Level and Structure of Foreign Trade: Long-Term Trends’ B. General Overviews 4. C.K. Harley (1986), ‘Late Nineteenth Century Transportation, Trade and Settlement’ 5. S.B. Saul (1965), ‘The Export Economy 1870–1914’ C. Studies of Particular Commodities 6. C.K. Harley (1980), ‘Transportation, the World Wheat Trade, and the Kuznets Cycle, 1850–1913’ 7. M. Olson (1974), ‘The United Kingdom and the World Market in Wheat and other Primary Products, 1885-1914’ 8. A.J.H. Latham (1985), ‘The International Trade in Rice and Wheat since 1868: A Study in Market Integration’ 9. A.J.H. Latham and L. Neal (1983), ‘The International Market in Rice and Wheat, 1868–1914’ Part II: Trade and Growth A. General Studies 10. A.K. Cairncross (1961), ‘International Trade and Economic Development’ 11. I.B. Kravis (1970), ‘Trade as a Handmaiden of Growth: Similarities between the Nineteenth and Twentieth Centuries’ 12. N.F.R. Crafts (1973), ‘Trade as a Handmaiden of Growth: An Alternative View’ and I.B. Kravis (1973), ‘A Reply to Mr. Crafts’ ‘Note’ 13. C.P. Kindleberger (1961), ‘Foreign Trade and Economic Growth: Lessons from Britain and France, 1850 to 1913’ B. The Staple Thesis 14. M.H. Watkins (1963), ‘A Staple Theory of Economic Growth’ 15. E.J. Chambers and D.F. Gordon (1966), ‘Primary Products and Economic Growth: An Empirical Measurement’ 16. R.E. Caves (1971), ‘Export-Led Growth and the New Economic History’ Name Index Volume II Acknowledgements Part I: The Interplay of Trade, Protectionism, Liberalization and Growth A. Repeal of the British Corn Laws and the Emergence of Free Trade 1. S. Fairlie (1965), ‘The Nineteenth-Century Corn Law Reconsidered’ 2. C.P. Kindleberger (1975), ‘The Rise of Free Trade in Western Europe, 1820–1875’ 3. J.V. Nye (1991), ‘The Myth of Free-Trade Britain and Fortress France: Tariffs and Trade in the Nineteenth Century’ 4. D.A. Irwin (1993), ‘Free Trade and Protection in Nineteenth-Century Britain and France Revisited: A Comment on Nye’ 5. D.N. McCloskey (1980), ‘Magnanimous Albion: Free Trade and British National Income, 1841–1881’ 6. D.A. Irwin (1988), ‘Welfare Effects of British Free Trade: Debate and Evidence from the 1840s’ 7. J.G. Williamson (1990), ‘The Impact of the Corn Laws Just Prior to Repeal’ B. Trade, Growth and Retardation in Britain 8. N.F.R. Crafts (1989), ‘British Industrialization in an International Context’ 9. A.G. Ford (1963), ‘Notes on the Role of Exports in British Economic Fluctuations, 1870–1914’ 10. W.P. Kennedy (1974), ‘Foreign Investment, Trade and Growth in the United Kingdom, 1870–1913’ 11. D.N. McCloskey (1970-71), ‘Britain’s Loss from Foreign Industrialization: A Provisional Estimate’ 12. N.F.R. Crafts and M. Thomas (1986), ‘Comparative Advantage in UK Manufacturing Trade, 1910–1935’ C. Tariffs and Growth in Continental Europe 13. P. Bairoch (1972), ‘Free Trade and European Economic Development in the 19th Century’ 14. F. Capie (1983), ‘Tariff Protection and Economic Performance in the Nineteenth Century’ 15. C.P. Kindleberger (1951), ‘Group Behavior and International Trade’ 16. F.J. Coppa (1970), ‘The Italian Tariff and the Conflict between Agriculture and Industry: The Commercial Policy of Liberal Italy, 1860–1922’ 17. G. Toniolo (1977), ‘Effective Protection and Industrial Growth: The Case of Italian Engineering, 1898–1913’ 18. S.B. Webb (1980), ‘Tariffs, Cartels, Technology and Growth in the German Steel Industry, 1879 to 1914’ D. Tariffs and Growth in the United States 19. I.B. Kravis (1972), ‘The Role of Exports in Nineteenth-Century United States Growth’ 20. J.G. Williamson (1980), ‘Greasing the Wheels of Sputtering Export Engines: Midwestern Grains and American Growth’ 21. G. Wright (1990), ‘The Origins of American Industrial Success, 1879–1940’ 22. C.K. Harley (1992), ‘The Antebellum American Tariff: Food Exports and Manufacturing’ 23. J.A. James (1981), ‘The Optimal Tariff in the Antebellum United States’ 24. J.J. Pincus (1975), ‘Pressure Groups and the Pattern of Tariffs’ 25. G.R. Hawke (1975), ‘The United States Tariff and Industrial Protection in the Late Nineteenth Century’ E. Trade and the Periphery 26. J. Gallagher and R. Robinson (1953), ‘The Imperialism of Free Trade’ 27. J.R. Hanson, II (1977), ‘Diversification and Concentration of LDC Exports: Victorian Trends’ 28. J.R. Hanson, II (1986), ‘Export Shares in the European Periphery and the Third World before World War I: Questionable Data, Facile Analogies’ 29. I.T. Berend and G. Ranki (1980), ‘Foreign Trade and the Industrialization of the European Periphery in the XIXth Century’ 30. P.J. Cain and A.G. Hopkins (1980), ‘The Political Economy of British Expansion Overseas, 1750–1914’ 31. P.K. O’Brien (1988), ‘The Costs and Benefits of British Imperialism, 1846–1914’ 32. K. Sugihara (1986), ‘Patterns of Asia’s Integration into the World Economy, 1880–1913’ Name Index

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Book SynopsisThe integration of international capital markets, propelled by the information technology revolution and the creation of a variety of new financial instruments, is central to the major economic changes taking place throughout the world. This key issue in global finance is theoretically and empirically addressed in this major new book. Haluk Akdogan’s innovative study uses asset pricing theories to test the status of international capital market integration. This book differs fundamentally from other studies of integration in two respects. First, it is based entirely upon financial theory rather than the pure theory of international trade, and second, it develops several different empirical models of capital market integration. These models are empirically tested using the modern capital asset pricing approach and drawing on data taken from 26 stock markets all over the world. Addressing an issue of great public and scholarly interest, The Integration of International Capital Markets will be welcomed as a comprehensive and authoritative financial-theoretical examination of capital market integration. Advanced students and academic researchers in international trade, international economics and finance, as well as international portfolio managers and finance professionals, will find much here to stimulate and interest them.Trade Review’Overall there is much in Akdogan’s study to interest those concerned with international portfolio investment.’ -- Rodney Wilson, Journal of International Banking Law’This original and authoritative study uses asset-pricing theories to test the status of international capital market integration.’ -- Aslib Book GuideTable of ContentsContents: Part I: Statistics and Institutions 1. Introduction 2. World Capital Markets: Statistics and Institutions 3. Integration of Capital Markets: An Institutional Introduction 4. Non Asset Pricing Models of Integration Part II: Financial Theory of Integration 5. Asset Pricing Models 6. International Asset Pricing and Financial Theory of Integration 7. Arbitrage Pricing Theory of Integration 8. The Role of Controls on Integration Part III: Empirical Tests 9. Integration of European Capital Markets: An Institutional Review 10. Empirical Model and Test for EC Integration 11. A Multi-Factor Model 12. Market Size, and the Issue of Segmentation 13. Geographical Asset Pricing 14. Summary and Conclusions

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Book SynopsisThis important book provides an exhaustive analysis of the strategic responses of transnational firms to current trends in the world economy, specifically the trends towards 'globalization' and 'regionalization'. The primary focus of this book is on the strategy of transnational firms, particularly those from East Asia, in the geographical regions of Europe, North America and Asia, including the European Union, the North American Free Trade Agreement and the ASEAN Free Trade Area. The contributors discuss protectionism and trade agreements, strategic alliances, competitiveness and investment strategy towards Eastern European states and compare business strategies in the triad region. The distinguished contributors are from industry, academia and international organizations and have first-rate, detailed knowledge of the issues raised. Their approach is policy-oriented and they use case studies of Toshiba, Toyota, Samsung and the Notebook PC Consortium to illustrate the investment strategies of East Asian firms. This book will offer insights to scholars and students seeking to understand East Asian and European firms, the topics of globalisation and regionalisation. It will also appeal to policymakers wishing to influence and understand the strategies of transnational firms.Table of ContentsContents: Part I: Overview Part II: Regionalism and Europe Part III: Regionalism and North America Part IV: Regionalism and Asia Part V: Integration Strategies

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Book SynopsisThis volume contains 27 papers and documents divided into four parts: the Measurement of Harmonisation; The International Accounting Standards Committee (IASC); European Harmonisation and Official Material.The first part establish ways of measuring harmonisation as well as applying the techniques to various accounting issues in several European countries. The papers form a corpus of knowledge as there is substantial cross-referencing. The second part examines the processes and the progress of the IASC. Some of the papers are concerned with the nature and procedures of the IASC and others measure the success of its harmonisation efforts. The third part turns the spotlight on the harmonising activities of the European Union. In part four, four fundamental official documents are reproduced; the Preface and the Framework of the IASC and the Fourth and Seventh Directives of the European Union.Table of ContentsContents: Introduction Part I: The Measurement of Harmonization Part II: The International Accounting Standards Committee Part III: European Harmonization Part IV: Official Material Name Index

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Book SynopsisThis volume contains 21 papers divided into three parts: introductory issues; the measurement and effects of diversity; and classification. The final parts looks at the scope of and the reasons for studying international accounting. There are also some papers on the causes of international differences, in particular the effects of international influences on a country's accounting practices. The papers in the second part examine the degree of accounting difference internationally and the reactions to this of companies and users of financial statements. The third part looks at several attempts to put countries into groups by similarities and differences in accounting. Several of these papers refer critically to others in the group, so that a corpus of knowledge in this field has been built up.Table of ContentsContents: Acknowledgments Introduction Part I: Introductory Issues Part II: The Measurement and Effects of Diversity Part III: Classification Name Index

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Book SynopsisStarting with a selection of classical articles on international institutions, this book traces the evolution of regime analysis over the last two decades as a new perspective on international governance. In the process it provides a full account of the major schools of thought that have arisen to account for the demand for international governance, the formation of international regimes, and the effectiveness of international governance systems. By drawing a clear distinction between institutions and organizations and then analysing the relationship between the two, the book clarifies the concept of 'governance without government'. A number of essays explore the probable impact of the proliferation of international regimes on the character of international society. The book's concluding section takes stock of the current status of regime and analyses and assesses emerging challenges in this vibrant field of study.Trade Review'These two volumes make a valuable and highly relevant contribution to the Library of International Political Economy series which already has nine major titles.' -- Journal of Peace ResearchTable of Contents40 articles, dating from 1947 to 1995 Contents: Volume I: Introduction Part I: International Institutions – Classic Perspectives Part II: The Demand for International Governance Part III: International Regimes as Governance Systems Part IV: The Supply of International Governance Index • Volume II: Introduction Part I: Implementation, Compliance and Administration Part II: Regime Effectiveness Part III: Regimes, Governance Systems and International Society Part IV: Institutional Design Principles Part V: Future Directions Index

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Book SynopsisIn this enlightening book, John Berdell addresses the widely-held belief that classical economics distanced itself from policy issues and public debates regarding the effects of international trade on economic growth in advanced economies. He argues, through a detailed consideration of the evolution and structure of Hume's, Smith's, Ricardo's and Malthus' analyses, that it is not only contemporary international economic theory which takes account of these issues.Berdell uses a series of non-linear dynamic models to illustrate and analyse important aspects of each author's discussion of the interactions between trade and growth. The findings are then extended to create a comparison of the classical models with recent empirical research in this area. Berdell suggests that John Stuart Mill's plan to synthesise and extend Hume's, Smith's and Ricardo's analysis of commercial society was rendered intractable by the limitations of Hume's associationalist psychology.This work will be of great interest to both historians of economic ideas and economists concerned with modelling the interactions between growth and international trade.Trade Review'. . . this is a highly original, stimulating contribution to the study of classical economics. . . The book will be of interest to historians of economics for its path-breaking attempt to follow Waterman's suggestions for writing good history, and it will be of interest to contemporary practitioners for its rational reconstructions.'Table of ContentsContents: Preface 1. Historical Dynamics: Cosmopolitan and International Part I: From Cosmopolitan to International: Four Classical Visions of Commercial Openness 2. Trading in Innovation: Hume and the Case for Freer Trade 3. Trading Animosity: Adam Smith and the Ambiguity of Nations 4. Stability and Openness: the Malthus–Ricardo Debate Part II: Some Classical Dynamics of Open Economy Growth 5. The Present Relevance of Hume’s Open Economy Monetary Dynamics 6. A Dynamic Model of the Division of Labor and the Extent of the Market 7. Effective Demand and Technical Change in the Ricardo–Malthus Debate Concluding Thoughts 8. Classical Political Economy: Back to Their Future? Bibliography Index

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Book SynopsisBanking, Politics and Global Finance presents an innovative, micro-political examination of the US banking system's response to the ongoing globalization of financial markets. This approach contrasts sharply with earlier studies which have emphasized the macro-structural aspects of politics through concentrating on elements of stability and consistency in the policy responses by advanced industrial countries to external economic pressures. By micro-political analysis of policy making, this book reveals a multitude of changes in the interests, coalitions and power constellations among private and public sector actors and institutions in the US financial system, in the absence of any macrostructural adjustment. These changes have opened alternative channels for policy making leading to substantial adjustments in the regulatory framework governing US financial markets. Using detailed discussion of the unsuccessful attempts to repeal the law that separates commercial from investment banking - the Glass-Steagall Act - and the successful raising of the capital standards of US commercial banks, Dr Reinicke's book also explains why the same policy network can respond very differently to an external economic challenge - a phenomenon usually neglected in the literature on comparative political economy.Trade Review'Accessible to all audiences; most useful to upper-division undergraduates and graduate students. -- R. Grossman, ChoiceTable of ContentsContents: 1. Introduction 2. The Politics of Domestic Response to External Economic Pressure 3. The U.S. Banking System: Structure and Regulation 4. The Global Integration of Financial Markets 5. Glass-Steagall and the Politics of Gridlock 6. Glass-Steagall and the Politics of Change 7. The Domestic Politics of Capital Adequacy Regulation 8. Capital Adequacy and the Politics of Change 9. Conclusions: Defending the National Interest: U.S. Comparative Responses to External Economic Shocks

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Book SynopsisTrade policy in the United States since 1930 is rigorously evaluated in this major new book. Using public choice analysis to identify and explain protectionist behavior, Charles K. Rowley, Willem Thorbecke and Richard E. Wagner demonstrate why unilateral free trade cannot be achieved through the normal political process and make a strong case for constitutional reform.Trade Protection in the United States analyzes the history of US trade policy to explain why interest groups are able to foster protectionist policies despite the advantages which free trade offers consumers. The authors also explain why the principles of managed trade - as epitomized in the institution of the GATT - are inevitably subverted by protectionism. This important book concludes with a vigorous justification of unilateral free trade and makes a convincing case for protecting the freedom to trade through an amendment to the US constitution.Applying recent developments in constitutional political economy to a key policy issue, this book will be welcomed by economists, political scientists and lawyers as a major statement of the right to trade.Trade Review'The authors provide a useful and informative examination of the public choice view on trade policy.' -- Douglas A. Irwin, Journal of Economic History'This impressive treatise provides critical new insights into trade policies since the Smoot-Hawley Tariff Act of 1930. The authors carefully and systematically analyze the behavior of the major players in the formation of trade policies, namely, common interest groups in the private sector, the House and Senate, the President, and the government bureaucracy, in most of the major episodes of trade-policy change over these years and show how the outcomes can be best understood within a political economy framework. Their final conclusion that unilateral free trade should be imposed by amending the Constitution to prevent the government from levying import duties or imposing quantitative restrictions on trade should stimulate a fundamental rethinking of US trade policy.' -- Robert E. Baldwin, University of Wisconsin, US'The Locke Institute captured top honors for the third consecutive year with its nomination, Trade Protection in the United States. Authors Charles K. Rowley, Willem Thorbecke, and Richard E. Wagner make an "incontrovertible case" for free trade irrespective of the trade policies pursued by other countries.' -- Atlas Economic Research Foundation Highlights, Spring 1996'. . . I find this book to be a worthwhile contribution to our understanding of the endogeneity of trade policy.' -- Howard J. Wall, The Economic JournalTable of ContentsContents: Part I: Basic Principles 1. Trade, National Borders and Individual Welfare 2. The Case for Free Trade 3. The Rhetoric of Trade Protection 4. The Political Economy of Trade Protection Part II: Institutions 5. The Congress 6. The President 7. The Bureaucracy Part III: The Market in Trade Protection 8. Trade Politics in the Legislative Branch 9. Trad Politics in the Executive Branch 10. Trade Politics and the Fair Trade Laws 11. Regional Trade Politics Part IV: From Managed to Free Trade 12. The Political Economy of the GATT 13. The Case for Constitutional Reform References Index

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Book SynopsisEurope is passing through a dramatic period in which issues of international integration and disintegration are of crucial importance. Transforming Economies and European Integration is the first book to focus on the inter-dependence between the pattern and prospects of economic transformation in Eastern and Central Europe and the wider issue of European integration. Important aspects of this process are addressed from both scholarly and political perspectives. The distinguished group of authors, including leading figures from universities and institutions across Europe, reviews the current state-of-the-art in the process of East-West European integration, including bottlenecks and obstacles to the process. The authors analyse the most widely-debated issues and developments in East-West economic relations including the widening and deepening of the European Union, East-West trade, industrial restructuring and labour market adjustment, and the role of financial reforms and financial flows in this process.Highlighting key economic issues relating to the reintegration of Central and Eastern Europe into the European Community, Transforming Economies and European Integration will be welcomed by students, researchers and policymakers concerned with the emergence of a wider, more integrated Europe.Trade Review'The papers in the volume provide a wealth of empirical material on a broad range of issues.' -- H. Drost, Journal of European IntegrationTable of ContentsContents: Preface 1. Introduction Part I: The New Dimensions of European Integration Part II: Restructuring of East–West Trade in Europe Part III: Opening Up of Eastern Markets Annex Index

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Book SynopsisThis new two volume set contains major recent theoretical and empirical contributions to the debate on long-term economic growth. Research on long-term growth was revitalized in recent years as it became clear that countries were not converging in income levels as was predicted by the neoclassical growth model. Also differences in growth rates across countries seemed systematic and predictable. These findings led to the development of models of 'endogenous growth' through which a country's long-run growth rate is determined by economic and policy variables.Professor Grossman - who is a recognized authority on the new growth theory - has chosen some of the most exciting and and innovative papers on convergence and the endogenous growth models that were constructed to explain the stylized facts. Empirical tests of the new models, are made accessible, as well as extensions of the theory to study the effects of international trade on growth, the implications of imperfect capital markets for growth and the relationship between the distribution of income and growth.Trade Review'These two excellent volumes have successfully captured major developments in growth theory and growth empirics since the mid 1980s. The choice of papers is scholarly and the papers are well organized to establish a meaningful connection between the sections. A lucid introduction by the editor is an added bonus. These two volumes are highly recommended as reference books for any graduate macroeconomics courses, and for those researching in this area.' -- Niloy Bose, The Economic JournalTable of Contents37 articles, dating from 1985 to 1994 Contents: Introduction Part I: Convergence Part II: Cross-Country Correlates of Growth Part III: “AK” Models of Long-Run Growth Part IV: Externality-Based Growth Part V: Innovation Based Growth Index • Volume II: Part I: Empirical Evidence Part II: Trade and Growth Part III: Growth and Income Distribution Part IV: Financial Markers and Growth Index

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Book SynopsisHow can the notion of competitiveness be reasonably applied to an economy? What relation does high or low competitiveness have to the current account? Do huge and persistent imbalances really reflect competitive positions of local firms or are they merely due to a misalignment of exchange rates or even outright protectionism, as the US-Japan trade conflict suggests?All these questions are rigorously addressed in International Competitiveness and the Balance of Payments. In examining the determinants of current account balances the conventional competitiveness approach - in which deficits are assumed to indicate low competitiveness - is contrasted with an intertemporal view of the balance of payments. By emphasizing locational quality as the decisive factor in international competitiveness, the authors are able to offer fundamentally different conclusions about the determinants of current account debates.As well as theoretical evidence advocating the intertemporal view, the authors present four case studies in support of this approach: Germany before and after unification, Spain before joining the EMS, the United States since the early 1980s, and Japan's persistent current account surpluses.Trade Review'To sum up: Dluhosch, Freytag and Kruger provide an interesting view of the determinants of the current account.'Table of ContentsContents: Preface 1.The Problem 2. Determinants of the Current Account 3. Measuring Price and Non-Price Competitiveness 4. A Different View of Current Account Balances: Locational Quality 5. Four Case Studies 6. Competitiveness and the Current Account: A Spurious Relationship Bibliography Subject Index

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Book SynopsisThis volume brings together a series of key articles concerning the major accounting jurisdictions within Europe. The articles cover the evolution of financial reporting in various countries and deal with features of their accounting environment which distinguish them from other jurisdictions. It is a unique collection of material which will be an essential aid for students and researchers in comparative international reporting.Table of ContentsContents: Acknowledgements Introduction Part I: France Part II: Germany Part III: The United Kingdom Part IV: Switzerland Part V: Italy Part VI: The Netherlands Part VII: Spain Part VIII: Former Socialist Economies in Transition Name Index

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Book SynopsisThis major new book assesses the role and effectiveness of structural funds in financing the path to integration in the European Union and especially in tackling unemployment. Structural Funding and Employment in the European Union combines an interdisciplinary approach with coverage of all the structural funds including the European Regional Development Fund, the European Social Fund, the European Agricultural Guidance and Guarantee Fund (Guidance Section) and the Financial Instrument for Fisheries Guidance. Empirical evidence is presented for the effectiveness of these funds and their success in increasing economic growth in certain areas and employment in others. The book also covers the relationship of these funds with the European Coal and Steel Community, the European Investment Bank and the Cohesion Fund. Jeffrey Harrop argues that the deepening and widening of the EU requires a stronger regional policy to ensure more effective use of structural funds, yet this remains a contentious area for the EU, member states and regional or local authorities. The author's authoritative and detailed discussion of this key policy issue, as well as his extensive experience of regional and EU policies, will ensure this book's welcome among students, teachers and researchers of European integration.Trade Review'. . . students of the EU will find this book to be a useful addition their college library. . . 'Table of ContentsContents: Introduction 1. A Deeper and a Wider Union 2. Trends in Employment: the Lack of Jobs 3. Regional Categories and Spatial Inequalities 4. Budget Finance for Agriculture and Fisheries 5. Evolution of Regional Policies: the ERDF and Structural Fund Reforms 6. Social Policy Problems and the Role of the ESF 7. The Overall Effectiveness of the Structural Funds Bibliography Index

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Book SynopsisDoes globalization mean a race to the bottom in social standards and the inevitable decay of the welfare state? Ramesh Mishra - a leading authority on social policy - examines the implications of globalization in respect of social policy and social standards in advanced industrial countries.Globalization is a form of international neo-liberalism supported by the United States, world markets and organizations such as the IMF and OECD, whose policies are becoming increasingly influential and are putting nation states under pressure to reduce social standards. In this book Ramesh Mishra considers the impact of globalization on full employment and the labour market, income distribution, taxation and social protection in developed capitalist countries. He argues that social standards have declined far more in English speaking countries than in continental Europe and Japan, and that globalization is as much a political and ideological phenomenon as it is economic. In conclusion, Professor Mishra argues the case for a transnational approach to social policy to ensure that social standards rise in line with economic growth.Globalization and the Welfare State is highly accessible and will be welcomed by students and scholars of social policy, social work, political science and sociology as well as by policymakers in international organizations and government.Trade Review'Mishra's book is an important contribution to the literature on globalization and the welfare state. It offers new insights into the consequences of globalization for the welfare state. While his critical analysis is rather easy to follow, it provides the reader with concrete examples that allow for the development of hypotheses of one's own about the impact of globalization on the welfare state in Anglo-Saxon countries.'Table of ContentsList of Figures and Tables List of Abbreviations Acknowledgements Introduction 1. The logic of globalization: the changing context of the welfare state 2. Employment, lobour market and income: growing insecurity and inequality 3. Social policy in retreat or the hollowing out of the welfare state 4. Social policy and democracy: do politics still matter? 5. Globalization in comparative perspective: Sweden, Germany and Japan 6. The logic of globalization revisited 7. Towards a global social policy References Index

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Book SynopsisThis important volume contains research articles about international accounting issues related to the countries of the Americas and the Far East. The volume comprises of 22 articles, and is divided into five parts. The first part focuses on aspects of standard setting in certain countries, including Australia, Japan, the United States and China. The second part is about disclosure choices of companies. Studies of companies from Japan, Mexico and Taiwan are represented. The third part is concerned with comparisons with US GAAP, with special reference to comparisons between Japanese and US GAAP. Part four is about foreign currency translation by US multinationals, specifically issues related to SFAS No. 52. The final part is about geographic segment reporting by US multinationals.Table of ContentsContents: Acknowledgements Introduction Part I: Aspects of Standard Setting in Certain Countries Part II: Disclosure Choices Part III: Comparisons with U.S. GAAP Part IV: Foreign Currency Translation by U.S. Multinationals Part V: Geographic Segment Reporting by U.S. Multinationals Name Index

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Book SynopsisThe book analyzes the evolution of the concept of comparative advantage from the eighteenth century to the present day. It examines the origins of the concept of comparative advantage, its current status within economic thought and its validity in today's global economy.This comprehensive book outlines the theories of trade and the interpretations of comparative advantage associated with, among others, the Mercantilists, Smith, Ricardo, Torrens, Longfield, Mill, Marshall, Pareto, Haberler, Heckscher, Ohlin and Samuelson, as well as present day trade theorists. A chapter is devoted to Hamilton, Rae and List, who interpreted comparative advantage dynamically by advocating its creation.The book breaks new ground by reinterpreting the theories of trade associated with prominent economists such as Ricardo, and drawing attention to valuable but lesser known contributions. It considers the new trade theory from the past two decades as a legitimate successor to the dynamic views of comparative advantage of the classical economists. This book will be required reading for students and academics with an interest in the history of economic thought and the economics (or theory) of international trade.Trade Review'Maneschi's clearly and attractively written book traces the evolution of comparative advantage based theorizing in relation to international trade. . . . a fine book, combining many fascinating details with a clear overall argument. There are ample notes, a bibliography, and an index; the volume is well-produced. It will prove to be rewarding for many readers.'Table of ContentsContents: 1. Introduction 2. The Concept of Comparative Advantage 3. Theories of International Trade up to Adam Smith 4. David Ricardo, Robert Torrens and the Discovery of Comparative Advantage 5. Creators of Comparative Advantage: Alexander Hamilton, John Rae and Friedrich List 6. John Stuart Mill: Comparative Advantage and the Terms of Trade 7. Neoclassical Trade Theory: Alfred Marshall, Vilfredo Pareto and Enrico Barone 8. Neoclassical Trade Theory: Gottfried Haberler, Eli Heckscher and Bertil Ohlin 9. The Heckscher–Ohlin Theory Encounters the New Trade Theory 10. The (Almost) General Validity of Comparative Advantage Index

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Book SynopsisThis pioneering study shows that economic integration in the Americas is not simply a matter of removing trade barriers. Economic Integration in the Americas addresses the pervasive effects of economic integration on the economy as a whole.This important book examines elements of financial integration and capital mobility in North America and addresses in turn the effects of the North American Free Trade Association on Mexico, comparisons between NAFTA and the European Union, the impact of NAFTA on issues such as social protection, migration and Canadian agricultural policy, and finally, regionalism and multilateralism in the Western hemisphere. While drawing on the experience of European integration, the authors recognize that new, broader analyses are required in the Western hemisphere to allow for the ranges of country size, natural resource endowments and per capita incomes. Sensitive to the political interests involved in economic integration between unequal partners, Economic Integration in the Americas offers students, researchers and policymakers a better understanding of policy at both national and supranational levels.Trade Review'This collection will be well worth reading for those interested in problems and consequences of closer economic integration in North America. It will add to the understanding by those in Europe of the problems of integration between large and small countries and countries with great disparities in income and wealth. The inclusion of several chapters on Mexico is particularly illuminating.' -- David G. Mayes, The Economic JournalTable of ContentsContents: Foreword (R.Eckaus) Acknowledgements Introduction Part I: Aspects of Financial Integration and Capital Mobility in North America Part II: Mexico under NAFTA Part III: NAFTA and the European Union Compared Part V: Issues of Economic Integration : NAFTA and Beyond Part V: Regionalism vs Multilateralism: The Western Hemisphere Index

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Book SynopsisKeynes, Money and the Open Economy is the first of three volumes celebrating Paul Davidson's path-breaking achievements and his seminal role in the foundation and development of post Keynesian economics. The book presents state-of-the-art contributions by leading economists which draw on Davidson's pioneering work in the fields of macroeconomic and monetary theory and policy, employment and income distribution, history of economic thought, methodology and international economics.Trade Review'This two-volume set provides ample testimony to the importance of Paul Davidson's contributions to the development of post Keynesian economics over nearly forty years.' -- J.A. Kregel, The Economic JournalTable of ContentsContents: Introduction (P. Arestis) 1. The General Theory of Employment, Interest and Money: Three Views (G.C. Harcourt, C. Sardoni) 2. Keynes, Einstein and Scientific Revolution (J.K. Galbraith) 3. AS/AD, AE/AP, IS/LM and Z (D. Colander) 4. Keynes’s Philosophy and Post Keynesian Monetary Theory (S.C. Dow) 5. Money, Finance and Interest Rates: Some Post Keynesian Reflections (M. Sawyer) 6. Paul Davidson’s Rediscovery of Keynes’s Finance Motive and the Liquidity Preference Versus Loanable Funds Debate (F.J. Cardim de Carvalho) 7. Money as a ‘Time Machine’ in the New Financial World (G.A. Dymski) 8. Endogenous Money and the ‘State of Trade’ (P. Howells) 9. Davidson on the Labour Market in a Monetary Production Economy (J. Deprez) 10. European Monetary Integration: A Post Keynesian Critique and Some Proposals (P. Arestis, M. Sawyer) 11. International Trade and the Real World (R.A. Blecker), Paul Davidson: A Bibliography Index

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Book SynopsisThis collection of essays is a state-of-the-art analysis of key issues confronting the European Union. Identifying European economic integration as one of the defining features of modern international economics, the authors examine many aspects and consequences of this integration which remain as yet obscure and unexplored. In this book, after addressing general issues concerned with European integration, the authors include empirical and theoretical analyses of the monetary union, social policy reform and social union, public finance in the EU, the EU's agriculture and technology policies, and direct foreign investment into the EU. In particular, the volume includes detailed discussion of Greek membership of the EU, supplying a context in which many of the general issues of industrial adjustment, investment and politics can be examined.Using a wide range of topics, methodologies and perspectives, Economic Integration and Public Policy in the European Union offers a stimulating and wide-ranging presentation which will be of interest to economic theorists, empirical social scientists, policymakers and the informed general reader.Trade Review'. . . this book should be warmly welcomed. . . . the book will be most appreciated by those with adequate knowledge of both economics as well as EU public policy. Those readers will find this book worthwhile reading.' -- Amy Verdun, European IntegrationTable of ContentsContents: Foreword (R. Eckaus) Acknowledgements Introduction Part I: European Integration: General Issues and Problems Part II: Empirical and Theoretical Analyses of Monetary Union Part III: Social Policy Reform and Social Union Part IV: Public Finance in the European Union Part V: European Union: Policies and Accession Part VI: Greece and the European Union Index

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