International economics Books
Edward Elgar Publishing Ltd Economic Integration and Public Policy in the
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
£121.00
Edward Elgar Publishing Ltd European Policies on Competition, Trade and
Book SynopsisCan industrial, trade and competition policies complement one another? In this major volume, a distinguished group of researchers and policymakers systematically investigates the relationships between the microeconomic policies of competition, trade and industry within the European Union. After an introductory chapter contrasting the optimal mix of targets and instruments with the effective use and interaction of policies that can be observed in the real world, the book addresses the experience of the EU, its institutional framework and the evolving use of instruments. The convergence and divergence of economic prescription and application are revealed through an outstanding set of case studies which focus on the automobile, chemical fibre, steel, telecommunication and pharmaceutical industries. Competition, trade and industrial policies play a central role in the efficiency of any market economy and the rich European experience offers valuable lessons for economists, regulators and policy makers from both inside and outside the union.European Policies on Competition, Trade and Industry offers an authoritative discussion of policy making and enforcement in the EU. The strong combination of analysis with detailed case studies and overviews will ensure that this book will make a pioneering contribution to understanding the development of microeconomic policies in the Union.Trade Review'The book as a whole, although resulting from a conference, is a coherent and valuable study, which throws much light on the policies and practices of the institutions of the European Community.'Table of ContentsPart I A law and economics overview: the three common policies - an economic analysis, Jordi Gual; the working of EC policies on competition, industry and trade - a legal analysis, Jacques Bourgeois and Paul Demaret. Part II Case studies: automobile, Peter Holmes and Alasdair Smith; the chemical fibres industry, Elisabeth de Ghellinck and Christian Huveneers; steel industry, Michael Glais; telecommunication services, Dominique Foray et al; pharmaceuticals, Gernot Klepper.
£129.00
Edward Elgar Publishing Ltd Exchange Rate Regimes in the Twentieth Century
Book SynopsisThis book provides the first comprehensive and accessible account of the evolution of exchange rate regimes in the twentieth century. It presents a chronological, non-technical history and in doing so manages to link the past with the present to shed new light on the merits of different exchange rate systems.Since the golden age before the First World War, the international monetary system has experienced several changes in exchange rate regimes, alternating between fixed and floating rate systems interspersed with managed or dirty floats. The authors examine and assess the evolution of exchange rate regimes since the First World War to the present day. They discuss the forces that have brought about change in order to determine how different regimes affected the economic environment. They consider the merits or otherwise of the respective regimes and assess the evidence and arguments for and against fixed and floating exchange rate systems.Exchange Rate Regimes in the Twentieth Century provides a coherent and manageable analysis of a complex subject. It will prove invaluable to both undergraduates and postgraduates studying economic history, international economics and international studies.Trade Review'This book provides an accessible survey of the substantial literature that has now accumulated on exchange-rate regimes in the twentieth century . . . a welcome addition to the literature.'Table of ContentsContents: Preface Introduction 1. The Restoration of Monetary Stability in the 1920s 2. The New Gold Standard and its Disintegration 3. Life after Gold: Currency Regimes of the 1930s 4. The Bretton Woods Era 5. The Aftermath of Bretton Woods 6. The Evolution of the European Monetary System 7. Do Monetary Systems Matter? References Index
£104.00
Edward Elgar Publishing Ltd Foreign Direct Investment in Japan
Book SynopsisForeign Direct Investment in Japan is the first serious and comprehensive examination of why the direct participation of foreign firms in the economy of Japan is lower than in any other advanced industrial nation. An internationally acclaimed group of scholars and practitioners addresses this problem and considers what policy actions, if any, the Japanese government can take to increase direct investment. Foreign exchange controls banned direct investment into Japan until the late 1970s and this is still partially responsible for the low penetration of foreign firms. A fundamental question addressed by the book is whether or not ownership advantages in technology and management know-how possessed by foreign firms are strong enough to overcome the extra costs of doing business in Japan. Such extra costs or locational disadvantages include very high land and labour costs as well as business practices unique to Japan, characterized by the long-term customized transaction relationship among assemblers, component suppliers, distributors and financial institutions and the long-time employment system. Although the Government of Japan desires to invite more foreign firms, this book demonstrates that there are many areas where direct investment has been adversely affected by internal regulation. Foreign Direct Investment in Japan explores this participation of foreign firms in this economy from the perspectives of economic theory, history, and the practical experiences of non-Japanese firms that have attempted to do business directly in Japan.Trade Review'This book belongs on the bookshelf of every serious scholar interested in the topic of FDI in Japan.'Table of ContentsContents: Introduction Part I: How Can Theories of Foreign Direct Investment Shed Light on the Small Size of FDI into Japan? Part II: How Do Japan’s Distinctive Business Practices and Trade Structure Affect FDI into Japan? Part III: What are the Actual Experiences of Foreign Multinational Companies in Japan? Conclusions
£110.00
Edward Elgar Publishing Ltd Strategic Approaches to the International
Book SynopsisStrategic Approaches to the International Economy brings together a selection of Koichi Hamada's innovative and acclaimed essays on the applications of game theory to international economics, capital movements, migration, income distribution, portfolio choice, law and economics and the Japanese economy.As Professor Hamada says of his own work, 'My analyses are usually simple . . . partly because in some sense I have tried not to follow the fashion of the profession but to pursue what genuinely interests me.' Featuring work published over the last 30 years, this major volume is a triumphant assertion of the value of his approach. The autobiographical essay, which introduces this collection and places his work in context, describes his education in Japan and the United States, his early influences including Takashi Negishi, James Tobin, Richard Cooper and Hirofumi Uzawa, and his development of interests in income distribution, law and economics, and international economics.Table of ContentsContents: Acknowledgements Introduction Part I: The Game Theoretic Analysis of the International Economy Part II: A Dynamic Theory of Factor Movements Part III: Income Distribution Part IV: Portfolio Choice and International Economy Part V: Law and Economics Part VI: Japanese Economy Index
£174.00
Edward Elgar Publishing Ltd The World Economy in Transition: What Leading
Book SynopsisThe World Economy in Transition brings together thoughts, arguments and analyses by some of the world's leading economists on domestic and international monetary issues of foremost current concern.This major book features contributions from outstanding scholars including three Nobel laureates in economics - Paul Samuelson, Robert Solow and James Tobin. The topics discussed include international and monetary aspects of unemployment, economic policy dilemmas in the United States, the economic downturn in Japan, European monetary union, the former communist countries, and a fresh look at the international monetary system. This volume is based on a lightly edited tape recording of their lively and active debate over a two day period. The editor's introduction has been written to provide useful background for all readers.Although of particular interest to specialists in international monetary economics, The World Economy in Transition is intended for a wide readership including non-specialists, undergraduates and graduate students who will find it an accessible and thought-provoking contribution to their understanding of real-world problems in economics.Trade Review'This book is an interesting read. . . It is topical, covering a variety of the "big questions" facing the global economy as it approaches the end of the millennium. . . Much of it is also witty, which makes this book a pleasure to read.'Table of ContentsContents: Foreword 1. Introduction 2. A Survey of Macroeconomic Trouble Spots 3. Trade Theory and the Problem of Unemployment 4. Unemployment and Monetary Policy 5. Policy Implications of the Downturn in Japan 6. Macroeconomic Policy Dilemmas in the United States 7. Maastricht and the Issue of European Monetary Union 8. Problems in the Former Communist Countries 9. Observations on the So-Called Third World 10. Reflections on the International Monetary System 11. Third Robbins Memorial Lecture: Is All That European Unemployment Necessary? Index
£90.00
Edward Elgar Publishing Ltd Euro-Pacific Investment and Trade: Strategies and
Book SynopsisThis important book - written by leading scholars in international business - critically reviews the activities of European and Pacific international firms. Transformations of markets and national economic systems associated with the activities of these corporations are posing many issues of adjustment and development, and are affecting decisions on long term investments in industrial capacity.The book provides a useful framework and source of reference for policy makers in government, international agencies and the private sector to address the challenges and opportunities that arise from corporate, regional and financial integration of the world economy.Trade Review'. . . the book provides a useful framework for business, government and academia to address the challenges and opportunities arising from regional integration and interregional interdependencies.' -- H.W.-C. Yeung, Regional StudiesTable of ContentsContents: Foreword (J.C. Dodds) Preface 1. Reconfiguring the Boundaries of International Business Activity (J.H. Dunning) 2. Strategic Foreign Direct Investment (P.J. Buckley) 3. Strategies of Multinational Enterprises and Governments: The Theory of the Flagshiagliettap Firm (A.M. Rugman, J.R. D’Cruz) 4. Structural Transformations: Information Systems and Organizational Networks (M. Blaine, E.M. Roche) 5. Corporate Culture in Europe, Asia and North America (M. Casson, R. Loveridge, S. Singh) 6. Regional Economic Cooperation: EU, NAFTA and APEC (G. Boyd) 7. Regional Integration in Europe (P.M. Crowley) 8. The Economic Effects of an East Asian Trading Bloc (D.K. Brown, A.V. Deardorff, R.M. Stern) 9. Cross Border Capital Flows, Corporate Governance and Developing Financial Systems in the Asia-Pacific Region (J.C. Dodds) 10. Designing Institutions for Global Economic Cooperation: Investment and the WTO (G.R. Winham, H.A. Grant) 11. Political Entrepreneurship for Collective Management (G. Boyd) Index
£115.00
Edward Elgar Publishing Ltd Multinational Enterprises and Trade Policy: The
Book SynopsisMultinational Enterprises and Trade Policy comprises a selection of Alan Rugman’s most important and influential articles on the multinational enterprise and government policy.This volume focuses on trade and investment policy as well as applications of the theory of internalization to government policy. Topics covered include: strategic trade policy, the ‘double diamond’ framework, the ‘shelter’ theory, the issue of foreign control, the Canada-US Free Trade Agreement and NAFTA and recent contributions on business networks and competitiveness. Special attention is given to the role of multinational enterprises in Canada, Japan and Europe.This book will be essential reading for both academics and policymakers interested in the relationships between multinational enterprises and governments. Together with its companion volume, The Theory of Multinational Enterprises, it will improve access to the work of Alan Rugman, one of the most cited scholars working on the multinational enterprise.Trade Review’. . .the two volumes usefully collect the work of one of the leading scholars in the field of international business.’- Marzia Raybaudi Massilia, The Economic JournalTable of ContentsContents: Part I: Applications of Internalization Theory to Government Policy Part II: Strategic Trade Policy and Shelter Theory Part III: The Double Diamond Framework Part IV: Free Trade and NAFTA Name Index
£132.00
Edward Elgar Publishing Ltd Economic Policy for the Environment and Natural
Book SynopsisEconomic Policy for the Environment and Natural Resources presents some of the most important recent work on the theory and application of environmental policy at both the national and international level. At the national level it focuses on instruments for pollution control. At the international level it discusses measures to promote international cooperation for the protection of the environment.This book covers a wide range of major issues including the legal aspects of environmental protection, environmental policy under oligopolistic conditions, voluntary agreements as a policy instrument, participation in international coalitions and environmental policy in dynamic trade models. In discussing the applications of environmental policy, it includes issues such as the profitability of emission saving techniques, water management and acid rain models.This book will be essential reading for both policymakers and professional economists who are concerned with environmental policy.Trade Review’. . . this book is a collection of several excellent essays.’- Environmental Conservation -- ’. . . the book is important and the analysis presented in the individual papers is cogent.’- Amitrajeet A. Batabyal, Utah State University, USTable of ContentsContents: Preface Introduction 1. Environmental Protection, Producer Insolvency and Lender Liability (M. Boyer, J.-J. Laffont) 2. Environmental Feedbacks and Optimal Taxation in Oligopoly (C. Carraro, A. Soubeyran) 3. Environmental R&D, Spillovers and Optimal Policy Schemes Under Oligopoly (Y. Katsoulacos, A. Xepapadeas) 4. Voluntary Agreements in Environmental Policy: A Theoretical Appraisal (C. Carraro, D. Siniscalco) 5. Environmental Policy and the Choice of the Best Available Technology: An Empirical Assessment (M. Boetti, M. Botteon) 6. Managing Common Access Resources under Production Externalities (A. Xepapadeas) 7. Issue Linkage in Global Environmental Problems (H. Cesar, A. de Zeeuw) 8. Reflections on Multilateral Environmental Agreements (F. Stähler) 9. Standards Versus Taxes in a Dynamic Duopoly Model of Trade (T. Feenstra, P. Kort, P. Verheyen, A. de Zeeuw) 10. International Negotiations on Acid Rain in Northern Europe: A Discrete Time Iterative Process (M. Germain, P. Toint, H. Tulkens) Index
£114.00
Edward Elgar Publishing Ltd Handbook on the Globalization of the World
Book SynopsisThis authoritative Handbook provides a thorough account and analysis of the important issues relating to the globalization of the international economy. The increasing interdependence of the world's economies has caused a breakdown in national economic boundaries and a freer access to goods, services and labour. This comprehensive book, written by experts in the field, addresses major issues associated with this international economic integration. This reference work considers: global growth including inequality, saving, foreign direct investment, external debt and multinational corporations regionalization and globalization of trade such as the role of international institutions, external economies of scale and trading blocs transition to market economies in Central and Eastern Europe, the former Soviet Union and East Asia internationalization and integration of markets including the financial, capital, labour and agricultural markets global environmental and resource problems including transboundary pollution, the implication of North-South trade for natural resource depletion and environmental degradation, and the impact of energy markets on global growth, pollution and economic stability. Trade Review'. . . it offers expanded coverage of issues from pure international economics to certain aspects of political economy. . . . the present book is a fine work and certainly makes a valuable contribution to the growing list of books addressing globalization. Students of globalization and last but not least practitioners and politicians, as well as diplomats working in international organizations, can learn from it.' -- Marjan Svetlicic, Journal of International Relations and DevelopmentTable of ContentsContents: Part I: Global Growth, Inequality, Saving, Investment and Indebtedness Part II: Regionalization and Globalization of Trade Part III: From Centrally Planned to Market Economy Part IV: Internationalization and Integration of Markets Part V: Global Environment and Resource Problems Index
£236.00
Edward Elgar Publishing Ltd Industrial Policy and Competitive Advantage
Book SynopsisThe emergence of industrial policy as a central issue among not just policy makers but the intellectual community as well reflects not only concerns about the international competitiveness of firms and nations but also unemployment and growth. Scholarship on industrial policy has been scattered across a wide range of disciplines and subjects, rendering it difficult to grasp the state of knowledge on the subject. The purpose of this three volume series is to provide the classic articles forming the building blocks of scholarship on industrial policy and present them in an integrated framework. These classic contributions span a number of subjects within economics, such as international trade, industrial economics, labour economics, economic development and technological change, as well as a number of different academic disciplines, including political science, sociology, international relations, and international management. The first volume focuses on The Mandate for Industrial Policy, the second on Instruments and Targets, and the third on Industry and Country Studies.Trade Review‘David Audretsch has assembled a highly respectable collection of classical economic literature on the role and impact of industrial policy on national competitiveness . . . Audretsch’s collection of works is a blend of the conceptual and empirical and easily accessible to any professional working in the field of industrial policy. Economists, policy analysts (trade, technology and industrial policy in particular), business and international political economy scholars, and political scientists will find these texts to be an essential reference for their work . . . the breadth and scope of works presented in this set is considerable, and the great virtue of Industrial Policy and Competitive Advantage is in its organization of topics and themes . . . is an important addition to the literature on the study of industrial policy. Because it concentrates – in a single source – the significant economic contributions to the thinking, theory, and empirical evidence behind industrial policy making, most analysts will consider it a primary and essential resource.’ -- Maria Papadakis, James Madison University, US‘David Audretsch has undertaken a challenging task, in both concept and magnitude, in putting together the selection of 68 articles. He has met his self-imposed challenge with distinction. . . . In sum, these three volumes make an outstanding contribution to the reference literature of modern economics, not only for the overall high quality of the reprinted articles and chapters, but also for the editor’s perceptive and ingenious presentation of a highly complex body of writing.’ -- William L. Baldwin, Dartmouth College, US‘Industrial Policy and Competitive Advantage is a rich collection of classic articles by experts in the area to provide “building blocks of scholarship on industrial policy”. The three volumes are so organized, each addressing a unique characteristic of the literature in the field.’ -- V.P. Jain, Journal of Scientific and Industrial Research‘There is good representation of both Eastern Europe and South East Asia with articles by Audretsch and Westphal among others. There is no doubt that the three volumes will provide a very useful reference collection for both students and academics and will help focus the debate surrounding industrial policy.’ -- Katherine Wakelin, The Economic JournalTable of ContentsVolume 1 The mandate for industrial policy: Part 1 The policy mandate: the idea of industrial policy, Chalmers Johnson; industrial policy - a dissent, Charles L. Schultze; industrial policy and American renewal, R.D. Norton; industrial change, barriers to mobility and European industrial policy, Paul A. Geroski and Alexis Jacquemin; some lessons from the East Asian miracle, Joseph E. Stiglitz. Part 2 Implementation: implementing a national technology strategy with self-organizing industry investment boards, Paul M. Romer; procurement policy as a tool of industrial policy, P.A. Geroski; the implementation of industrial policy in an evolutionary perspective, Alexander Gerybadze. Part 3 International competitiveness: making sense of the competitiveness debate, Paul R. Krugman; industrial policy and international competitiveness, David B. Audretsch; international R&D rivalry and industrial strategy, Barbara J. Spencer and James A. Brander. Part 4 Trade: trade and industrial policy under imperfect competition, Anthony J. Venables and Alasdair Smith; optimal trade and industrial policy under oligopoly, Jonathan Eaton and Gene M. Grossman; the welfare effects of imperfect harmonization of trade and industrial policy, Konstantine Gatsios and Larry Karp; R&D rivalry, industrial policy and US-Japanese trade, David B. Audretsch and Hideki Yamawaki. Part 5 Foreign direct investment: industrial policy and foreign direct investment, Phedon Nicolaides. Part 6 Technology policy: does technology policy matter?, Henry Ergas; technical innovation and national systems, Richard R. Nelson and Nathan Rosenberg; strategic R&D policy, John Beath et al; innovation policy in an open economy - a normative framework for strategic and tactical issues, Moshe Justman and Morris Teubal. Volume 2 Instruments and targets: Part 1 Competition policy: industrial policy and competition policy, Manfred Neumann; the evolution of Clayton section 7 enforcement and the beginnings of US industrial policy, Bruce M. Owen; antitrust law as industrial policy - should judges and juries make it?, Phillip Areeda; international mergers and state aid - what should competition policy do about industrial policy?, A. Neil Campbell et al. Part 2 Networks and cooperation: competition, cooperation and innovation - organizational arrangements for regimes of rapid technological progress, David J. Teece; when can government subsidize research joint ventures? politics, economics and limits to technology policy, Linda Cohen; company-scientist locational links - the case of biotechnology, David B. Audretsch and Paula E. Stephan; vertical relations between firms and industrial policy, P.A. Geroski; a dynamic analysis of export cartels - the Japanese case, Alexis Jacquemin et al; Europe - collaboration in the high technology sectors, Margaret Sharp. (Part contents)
£785.00
Edward Elgar Publishing Ltd State Intervention and Business in China: The Role of Preferential Policies
Book SynopsisWith a population of 1.2 billion and nearly two decades of spectacular growth, China promises to become one of the world's largest economic powers and consumer markets in the next century. A salient feature of the contemporary Chinese economy is the significance of state intervention toward business in the form of 'preferential policies'. Thanks to these policies, a firm's location, ownership type and area of business largely determine whether it should receive privileges of disadvantages in the regulated business environment. The fast changing preferential policies have had great influence on a wide range of economic activities, including foreign direct investment. The extent, complexity and variety of these policies are bewildering to both investors and academics who study the Chinese economy.State Intervention and Business in China is a systematic study of China's preferential economic policies. Dr Lu and Dr Tang present these policies in three categories, namely, the investor-oriented, the region-oriented, and the industry-oriented policies. The authors give a clear account of policies including: preferential tax rates, state bank loans, trade protection and subsidies, and licensing schemes. The book provides the in-depth political economy analyses that reveal the sources and functions of these policies. By offering empirical observations on the impact of state intervention on regional development and economic structures, this book sheds new light on the prospects for China's economic policy making.State Intervention and Business in China will be indispensably for scholars and specialists who are interested in contemporary Chinese economy and society. It is also a valuable guide for doing business in China.Trade Review'Within a comparatively short text, Lu and Tang have succeeded in analysing a very complex area in an accessible way and have provided extensive tables of data. This is a book for specialists interested in economic developments in China, rather than for the business generalist; it addresses issues that are rarely brought together, giving an overall analysis of scope and impact of government intervention.'Table of ContentsContents: Foreword 1. Introduction 2. Investor-Oriented Policies 3. Region-Oriented Policies 4. Industry-Oriented Policies 5. Uncertainty in Preferential Policies 6. Epilogue: Prospects of Preferential Policies Appendix Index
£93.00
Edward Elgar Publishing Ltd Europe and the Challenge of the Asia Pacific:
Book SynopsisThis innovative new book provides an up-to-date and comprehensive analysis of contemporary economic, political and security relations between Western Europe and the Asia Pacific region. After discussing the historical legacies of colonialism and de-colonization, the book examines the successive economic challenges from first Japan, then the Asian Newly Industrializing Economies, and most recently Southeast Asia and China. It also analyses the slowly emerging and less well-known political and security aspects to the relationship. Regionalism in both Europe and the Asia pacific is discussed, as is the impact of the Asian financial crisis since mid-1997 on relations with Europe. The book concludes that the future Euro-Asian relationship will be influenced by moves towards greater European integration, the way in which Asia responds to the current financial crisis and by the development of the new region-to-region dialogue.This book will be essential reading for students and scholars of Asian studies and international economics and politics.Trade Review'Bridges' book provides a rich pool of sources, information, and statistical data, a comprehensive and updated description of the countries and issues composing the EU-Asia Pacific relationship. The reading flows easily, unencumbered by jargon. As such, it is a valuable resource, both to students of this subject as well as interested laypersons.'Table of ContentsContents: Preface 1. Introduction 2. Legacies of History 3. Japan: Beyond Competition 4. The Asian Tigers 5. The Southeast Asian ‘Community’ 6. Coping with China 7. Regionalism at Work 8. Developing a Political Partnership 9. Summits and Slumps 10. Looking Back and Looking Forward Bibliography Index
£101.00
Edward Elgar Publishing Ltd Competition and Economic Integration in Europe
Book SynopsisCompetition and Economic Integration in Europe explores the relationship between competition policy and economic integration in the enlarging European Union. It contains valuable contributions from academics and officials from inside and outside the European Union as well as offering a transatlantic perspective on the enabling effect of competition policy on deepening European integration.This book examines the importance of competition policy in the Europe Agreements signed with the Central and East European countries, whilst emphasizing that agreement on the adoption of competition rules is just one element in the complex process of accession to the European Union. The book argues that harmonization of competition policy along EU lines across the wider Europe is necessary to create a culture of competition among the European partner countries. The contributors examine the actual and potential roles of competition policy as a regulator of cross-border flows, an agent for the removal of trade barriers and as one of a number of measures to enable a move towards free trade. Competition policy is also advocated as a framework for business behaviour, in order to eradicate 'unfair' competition and as a foundation for the privatization programmes of governments. The book concludes with a postscript linking the argument of the book with the European Commission's Agenda 2000 report of July 1997.This book will prove invaluable to academics and students in the field of transition economics, the economics of the European Union, comparative institutions and industrial policy.Trade Review'The volume has raised wide-ranging questions relating to integration and transition of controlled economies to market economies. Most of these experiences are useful for countries with bulging fiscal deficit and struggling hard to bring in efficiency in public expenditure. . . . The volume will no doubt be useful for policymakers and researchers of countries in transition.' -- Pradosh Nath, Journal of Scientific and Industrial ResearchTable of ContentsContents: 1. Competition Policy for Central and Eastern Europe: The Challenge of the Europe Agreements (S. Estrin and P. Holmes) 2. The Central European Countries and the European Union’s Waiting Room: Why Must they Adopt the EU’s Competition Law? (E.M. Fox) 3. Central and East European Countries’ Approximation of Legislation in the Competition Field: If, Why and How? (T. Jakob) 4. EU Competition policy Without Membership: Lessons from the European Economic Area (E. Smith) 5. The Full Potential of the Europe Agreement: Private Positive Comity, Direct Effect and New Balancing within Public Interest Clauses (G. Marceau) 6. Competition Policy as a Framework for Privatization: The Case of Greece (M. Frangakis) 7. Greek Legislation on Competition policy and its Implementation (N.C. Baltas) 8. Central Issues of Hungarian Competition Policy in the Light of Association with the European Union (F. Vissi) 9. Implementing Competition Policy in Poland: Transition and the European Integration Context (J. Saryusz-Wolski) 10. Approximating Czech Competition Law and the European Union Law: Advantages and Disadvantages (S. Matzchova) 11. Some Aspects of Relations between the European Union and Slovakia (E. Jurzyca) 12. Choices in Transition: The Contract State and Direct Service in Local Government Expenditure (S. Szymanski) Index
£94.00
Edward Elgar Publishing Ltd Trade Diversification in the Least Developed
Book SynopsisTrade Diversification in the Least Developed Countries examines the success of the least developed countries (LDCs) in implementing trade reforms to encourage trade diversification and considers what further policy reforms might be required to achieve this objective.The book begins with an overview examining the reasons why trade diversification is imperative for the LDCs, and provides a summary of the empirical evidence at regional and national level. It then assesses the impact of trade policy reform on trade diversification in Africa in general. The remaining chapters consist of a variety of country case studies including Bangladesh, Mozambique, Uganda, Haiti, Niger and Lao PDR. In conclusion it discusses the Uruguay Round in relation to trade diversification, its possible implications and adverse effects.The book will be essential to students of development studies, development economics and international economics. It will also be important for policy makers, officials and researchers in the developing countries.Table of ContentsContents: Preface 1. Trade Diversification in LDCs: An Overview (C.K. Patel, S. Gayi, W. van der Geest) 2. Trade Diversification in Sub-Saharan Africa and in the African LDCs: Efforts, Constraints and Results (C. Kirkpatrick, J. Weiss) 3. Trade Diversification in Bangladesh: Prospects and Constraints (W. van der Geest, K. Rahman) 4. Trade Diversification in Benin: Prospects and Constraints (L. Chia, S. Gayi) 5. Trade Diversification in Cape Verde: Prospects and Constraints (W. van der Geest) 6. Trade Diversification in Haiti: Prospects and Constraints (G. Fischer, S. Gayi) 7. Trade Diversification in the Lao PDR: Prospects and Constraints (G. Köhler, W. van der Geest) 8. Trade Diversification in Mozambique: Prospects and Constraints (K. Rahman, W. van der Geest) 9. Trade Diversification in Niger: Prospects and Constraints (L. Komlev) 10. Trade Diversification in Uganda: Prospects and Constraints (W. van der Geest) 11. The Uruguay Round, Trade Diversification and the LDCs (S. Gayi) Index
£105.00
Edward Elgar Publishing Ltd The Emergence and Growth of Biotechnology:
Book SynopsisThe development of modern biotechnology has varied considerably from country to country. Typically, there are wide technology gaps between developing and industrialised countries and considerable differences in investment and regulatory systems, often creating a need for policy intervention. This innovative book examines the development and evolution of biotechnology in industrialised and developing countries. The author first explores efforts made by policymakers and the leaders in the field to reduce technology gaps, and analyses the development of financial mechanisms and regulatory frameworks to hasten the adoption and diffusion of biotechnology. The second section looks at the relationship between biotechnology and its resource base, biological diversity. The author emphasizes the interdependency between biodiversity and biological R&D in an attempt to simplify the debate on the conservation of biological diversity. The last section focuses on the potential positive and negative impacts of biotechnology and its contribution towards sustaining biodiversity.The Emergence and Growth of Biotechnology will be of great interest to undergraduate and postgraduate economics students interested in the economics of technology, economic development and biotechnology and environmental conservation.Trade Review'Acharya employs specific descriptions and concise writing to explain fully the commercial and environmental concerns that are relevant to the global expansion of biotechnology. The Emergence and Growth of Biotechnology offers a brilliant survey of the field. . . This book is ideal for the reader who seeks a strong basic knowledge of the biotechnology market.' -- Journal of International Law and Politics'. . . this book would greatly benefit the students of economics, scientists, and policymakers alike.'– Parvinder Chawla, Journal of Scientific and Industrial ResearchTable of ContentsContents: 1. Introduction Part I: Biotechnology and its Development 2. The Development of Biotechnology 3. From Human Insulin to Oncomice: Patterns of Innovation in Industrialised Countries 4. Biotechnology in Developing Countries 5. The Impact of Biotechnology on International Trade Part II: Biotechnology and Biodiversity 6. Biotechnology and Biodiversity: The Links 7. The Conservation and Sustainable Utilisation of Biodiversity: The Role of Biotechnology and Bioprospecting 8. Concluding Remarks References Index
£90.00
Edward Elgar Publishing Ltd Technology and International Trade
Book SynopsisTechnology plays an increasing role in competitiveness in the global market. This authoritative new book consists of essays - theoretical as well as empirical - studying the relationships between technology, growth, international competitiveness and employment.The first part of the book shows that international competitiveness and market shares are mainly determined by R&D efforts and technological advantages. It goes on to provide some evidence for the importance of home market size for competitiveness and for the role of proximity and trade flows for stimulating dispersion of new knowledge. Issues discussed include the implications for growth of technical progress as a learning process and of the degree of openness of the economy. The book also addresses the role of multinationals as vehicles for technology diffusion and of monetary policy in a growth context, and the effects of technical progress on the demand for labour, skilled as well as unskilled.Technology and International Trade will be of interest to academics particularly those in the fields of international trade, economic growth, industrial organization and technology.Trade Review'Technology and International Trade will be of interest to academics, particularly those in the fields of international trade, economic growth, industrial organization and technology.'Table of ContentsContents: Preface Introduction 1. Productivity Growth and Shifting Comparative Advantage on the Industry Level (E.N. Wolff) 2. Technical Progress, Capital Accumulation and Changing International Competitiveness 3. Competitiveness, Scale and R&D (J. Fagerberg) 4. Technology, Employment and Trade: Perspectives on European Integration 5. New Theory and Evidence on the Standard Good Hypothesis (A. Melchior) 6. Dynamic Comparative Advantages in a Ricardian Model (J.D. Hansen) 7. Trade and Growth: A Survey (S. Dowrick) 8. Knowledge Inflow to Sweden: Does Geography and International Trade Matter? (F. Sjöholm) 9. Decentralization of Research and Development by Multinational Companies: Determinants and Future Prospects (S. Globerman) 10. Growth-enhancing Policies in a Small Open Economy (A. Sorensen) 11. A Monetary, Open Economy, R&D-growth Model (J. Honkatukia) 12. Trade, Technology and Changes in Employment of Skilled Labour in Swedish Manufacturing (P. Hansson) Index
£110.00
Edward Elgar Publishing Ltd The International Monetary Fund and the World
Book SynopsisA large and growing academic literature seeks to analyse the key aspects of the International Monetary Fund's operations from both theoretical and empirical perspectives. This two-volume set draws together what are generally acknowledged to be the most important contributions. In the main it focuses on the economics of the IMF but also reflects the fact that a full understanding of the Fund will only be achieved if its political dimensions are also addressed. The collected articles demonstrate the way in which research on the IMF has evolved over time. They cover the role of the IMF, the determinants of IMF lending, conditionality and the implementation and effects of IMF programs, the prolonged use of IMF resources as well as the IMF's own reserve asset, the Special Drawing Right. No serious student of the IMF will want to be without this up-to-date and comprehensive collection.Trade Review'Bird and Rowlands have accomplished a remarkable milestone in providing the world this invaluable collection of top-notch articles and papers published at different times in the 20th and 21st centuries. . . This is an ambitious work that was well executed. I highly recommend it.' -- Chika B. Onwuekwe, Journal of International Banking Law and RegulationTable of ContentsContents: Volume I Acknowledgements Introduction Graham Bird and Dane Rowlands PART I THE DETERMINANTS OF IMF PROGRAMMES 1. Graham Bird and Timothy Orme (1981), ‘An Analysis of Drawings on the International Monetary Fund by Developing Countries’ 2. Joseph P. Joyce (1992), ‘The Economic Characteristics of IMF Program Countries’ 3. Patrick Conway (1994), ‘IMF Lending Programs: Participation and Impact’ 4. Julio A. Santaella (1996), ‘Stylized Facts Before IMF-Supported Macroeconomic Adjustment’ 5. Strom C. Thacker (1999), ‘The High Politics of IMF Lending’ 6. Graham Bird and Dane Rowlands (2001), ‘IMF Lending: How Is It Affected by Economic, Political and Institutional Factors?’ 7. Randall W. Stone (2004), ‘The Political Economy of IMF Lending in Africa’ PART II THE DESIGN OF IMF CONDITIONALITY 8. Sidney Dell (1981), ‘On Being Grandmotherly: The Evolution of IMF Conditionality’ 9. Mohsin S. Khan and Malcolm D. Knight (1981), ‘Stabilization Programs in Developing Countries: A Formal Framework’ 10. John Spraos (1986), ‘IMF Conditionality: Ineffectual, Inefficient, Mistargeted’ 11. Jacques J. Polak (1991), ‘The Changing Nature of IMF Conditionality’ 12. Manuel Guitián (1995), ‘Conditionality: Past, Present, Future’ 13. Paul Collier, Patrick Guillaumont, Sylviane Guillaumont and Jan Willem Gunning (1997), ‘Redesigning Conditionality’ 14. Martin Feldstein (1998), ‘Refocusing the IMF’ 15. Michael Mussa and Miguel Savastano (2000), ‘The IMF Approach to Economic Stabilization’ 16. William Easterly (2006), ‘An Identity Crisis? Examining the IMF Financial Programming’ 17. Morris Goldstein (2003), ‘IMF Structural Programs’ Name Index Volume II Acknowledgements An introduction by the editors to both volumes appears in Volume I PART I THE EFFECTS OF IMF PROGRAMMES 1. Morris Goldstein and Peter Montiel (1986), ‘Evaluating Fund Stabilization Programs with Multicountry Data: Some Methodological Pitfalls’ 2. Mohsin S. Khan (1990), ‘The Macroeconomic Effects of Fund-Supported Adjustment Programs’ 3. Tony Killick, Moazzam Malik and Marcus Manuel (1992), ‘What Can We Know About the Effects of IMF Programmes?’ 4. Khosrow Doroodian (1993), ‘Macroeconomic Performance and Adjustment Under Policies Commonly Supported by the International Monetary Fund’ 5. Graham Bird and Dane Rowlands (1997), ‘The Catalytic Effect of Lending by the International Financial Institutions’ 6. Louis Dicks-Mireaux, Mauro Mecagni and Susan Schadler (2000), ‘Evaluating the Effects of IMF Lending to Low-Income Countries’ 7. Gopal Garuda (2000), ‘The Distributional Effects of IMF Programs: A Cross-Country Analysis’ 8. Adam Przeworski and James Raymond Vreeland (2000), ‘The Effect of IMF Programs on Economic Growth’ 9. Ayse Evrensel (2002), ‘Effectiveness of IMF-Supported Stabilization Programs in Developing Countries’ 10. Michael M. Hutchison (2003), ‘A Cure Worse Than the Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs’ 11. Axel Dreher and Roland Vaubel (2004), ‘The Causes and Consequences of IMF Conditionality’ PART II THE IMPLEMENTATION OF IMF PROGRAMMES 12. Tony Killick (1996), ‘Principals, Agents and the Limitations of BWI Conditionality’ 13. Graham Bird (1998), ‘The Effectiveness of Conditionality and the Political Economy of Policy Reform: Is It Simply a Matter of Political Will?’ 14. Allan Drazen (2002), ‘Conditionality and Ownership in IMF Lending: A Political Economy Approach’ 15. Axel Dreher (2003), ‘The Influence of Elections on IMF Programme Interruptions’ 16. Anna Ivanova, Wolfgang Mayer, Alex Mourmouras and George Anayiotos (2006), ‘What Determines the Implementation of IMF-Supported Programs?’ PART III MORAL HAZARD, LENDER OF LAST RESORT, AND SPECIAL DRAWING RIGHTS 17. G.K. Helleiner (1983), ‘Lender of Early Resort: The IMF and the Poorest’ 18. Roland Vaubel (1983), ‘The Moral Hazard of IMF Lending’ 19. Graham Bird (1998), ‘The Political Economy of the SDR: The Rise and Fall of an International Reserve Asset’ 20. Stanley Fischer (1999), ‘On the Need for an International Lender of Last Resort’ 21. Axel Dreher and Roland Vaubel (2004), ‘Do IMF and IBRD Cause Moral Hazard and Political Business Cycles? Evidence from Panel Data’ Name Index
£506.00
Edward Elgar Publishing Ltd The Rise and Fall of the Wealth of Nations: Long
Book SynopsisThe Rise and Fall of the Wealth of Nations is an interdisciplinary study concerning growth and cycles in economic development. It builds a bridge between rigorous economic theory and historical studies of long run economic evolution.This authoritative book explains long waves of economic activity and the rivalry of nations for leadership. It considers the concept that such waves of activity are characterized by a cyclical change of societies focusing alternately on capital accumulation and distribution. It also discusses the idea that a change in the economic leadership of a nation occurs after nations reach the height of their influence and turn away from accumulating capital in favour of distribution of income and wealth.This volume will be welcomed by academics, policymakers and students of economics and economic history.Trade Review'This book is a major contribution, with particular importance to those with an interest in growth theory and business cycles. . . Such a socio-cultural explanation of economic phenomena is unusual and highly original.'Table of ContentsContents: Preface 1. Introduction 2. Long Waves in the Economy and in Politics 3. Abundance of Explanations 4. Time Preference 5. Capital Formation with Population Growth 6. Economic Growth with Technological Change 7. Growth under Uncertainty and Imperfect Foresight 8. Long Waves of Economic Development 9. Long Waves and Business Cycles 10. Natural Resources and Population 11. Institutional Change 12. The History of Long Waves 13. International Rivalry 14. Epilogue Index
£100.00
Edward Elgar Publishing Ltd The Struggle for World Markets: Competition and
Book SynopsisThe Struggle for World Markets examines the pattern of deepening integration and imbalances across the Atlantic as the European Union and North America are increasingly linked through high volume trade and expanding transnational production. Distinguished authors examine in detail structural policy issues, foreign direct investment flows, free trade options and the evolution of collaborative arangements between firms, especially in high technology sectors. The volume explores the possibility of promoting greater links between the European Union and North America. It offers assessments of potentials for the formation of new alliances that would strengthen Atlantic economic ties.The Struggle for World Markets will be invaluable to policymakers and scholars with an interest in international business, international political economy, commerce and political science.Table of ContentsContents: 1. Re-energizing the Transatlantic Connection (J.H. Dunning) 2. Atlantic Interdependencies and Free Trade (S. Blank and A. Taillandier) 3. Structural Interdependence between the European Union and the United States: Technological Positions (P. Buigues and A. Jacquemin) 4. North American Sectoral Profiles and Corporate Strategy in the Automobile Industry (A. Rugman and G. Boyd) 5. Atlantic Systems of Corporate Finance and Governance (S. Prowse) 6. Atlantic High-technology Complementarities (J. Niosi and B. Godin) 8. Atlantic Foreign Direct Investment Flows (P.J. Buckley and J. Clegg) 9. Atlantic Strategic Technology Alliances (J. Hagedoorn) 10. Systemic Approaches to Managing Interdependencies (G. Boyd) 11. Planning Atlantic Direct Investment Conferences (G. Boyd) Index
£102.00
Edward Elgar Publishing Ltd Economists and the Stock Market: Speculative
Book SynopsisThe role of the stock market in the recent global financial crisis has led many to question the way in which the modern international financial system operates. This highly topical book offers important insights into the stock market, contrasting the speculative explanation of stock market fluctuations with the conventional efficient markets hypothesis.After summarising economists' views on stock market behavior from the classical period to the present day, the authors focus on two particular explanations of stock price fluctuations. They examine in detail the mainstream neo-classical theory with its emphasis on the efficient markets hypothesis. They then compare this with the theories of Veblen, Galbraith and Keynes who consider markets as being inherently prone to speculation and crisis, in contrast to the neo-classical approach which largely ignores the instability of stock markets and particularly the crashes that have recently occurred. The authors go on to develop a speculative model to account for stock market fluctuations which provides a useful and realistic explanation of how stock price expectations are formed.This book will be welcomed by bankers, financial and monetary economists, historians of economic thought and all those interested in the causes of the recent market crashes.Trade Review'This book provides a welcome and sobering counterpoint to the increasingly popular view that stocks are the safest asset for the long run investor, by demonstrating the challenge to the dominant rational markets paradigm that is posed by behavioral and speculative theories of asset markets.' -- Michael J. Brennan, University of California, Los Angeles, USTable of ContentsContents: Preface The New Bull: Will the Market still Fluctuate? 1. Introduction: Economists On (and In) the Stock Market 2. The Stock Market: Structure, Performance and Character 3. Neo-classical Economists on Rational Markets and Speculation 4. Stock Markets in Veblen’s Theory of Business Enterprise 5. Keynes on Speculative Stock Markets 6. Galbraith’s Model of Speculative Stock Markets 7. Recent Developments in Speculative Markets Theory: Fads, Fashions and ‘Rational’ Bubbles 8. Current Prospects for Speculative Markets Theory Bibliography Index
£90.00
Edward Elgar Publishing Ltd Constitutional Law and Economics of the European
Book SynopsisThe process of European integration is at a crossroads. As the Union becomes larger in terms of members, the institutional structures and decision making procedures will have to change in order for it to make policy initiatives. To meet these challenges, the Union will need an effective institutional and constitutional structure which must be both democratic and acceptable to its citizens.This major book evaluates recent developments, considers the present situation and assesses the prospects for the future of the European Union. A wide variety of institutional and constitutional issues are addressed, with special attention being paid to three main topics; decision making and including a critique of attempts to analyse European decision making using traditional power indices and a discussion of the different procedures laid down in the comitology decision; federal structures, with an analysis of the politics of European federalism among other issues; institutional change which compares the relative merits of enlarging or deepening the Union, suggesting a fifth freedom by a single European market for governments and discussing non-technical aspects of legislation in the European Union.Constitutional Law and Economics of the European Union will of interest to policymakers, academics and students of European economic and political affairs and institutional and constitutional structures.Trade Review'. . . Most papers are followed by remarks from two commentators, which provide a useful summary of the issues at stake.' -- Keith Tribe, The Economic Journal'. . . with its constitutional law and economics approach to European integration, this book is both interesting and useful for academics, policymakers and students of the EU.'– Nina Grager, Journal of Peace ResearchTable of ContentsContents: Introduction (D. Schmidtchen and R. Cooter) Part I: Decision Making Part II: Federal Structures Part III: Institutional Change Index
£111.00
Edward Elgar Publishing Ltd Economic Policy and Climate Change: Tradable
Book SynopsisEconomic Policy and Climate Change focuses on the design, implementation and consequences of a feasible system of tradable carbon permits to reduce greenhouse gas emissions within the context of the European Union.Economic instruments are considered fundamental in reducing atmospheric pollution, especially carbon dioxide emissions. This important book outlines the design of an achievable system of tradable emission permits in the EU. It considers the distribution of permits, the problem of monitoring and enforcement and the possibility that the system might create a barrier to potential entrants to industry. This is especially important because entry barriers will affect the whole economy and long-term industry dynamics. The analysis then extends to consider the use of tradable permits and taxes in the context of international cooperation on emissions reduction. International agreements are examined within the framework of a second-best, two country model in which governments reduce emissions and raise revenue simultaneously. The author concludes that it is not welfare-maximizing to trade permits between countries if emission limits and side-payments have not first been agreed.This book will be of special interest to environmental economists, environmentalists and policymakers.Trade Review'I found Koutstaal's approach a useful contribution to the debate. . . I think that this book will be a very interesting introduction to the design of environmental economic instruments to policymakers interested in the use of them at an international level.'Table of ContentsContents: 1. Introduction 2. Designing a System of Tradable Carbon Permits for the EU 3. Entry Barriers and Tradable Permits: Overview and Transaction Costs 4. Entry Barriers and Tradable Permits: Imperfect Capital Markets and Exclusion 5. Coordination of Environmental Policy in a Second-best World 6. Tradable Permits and Coordination of Environmental Policy in a Second-best World 7. Conclusions Index
£100.00
Edward Elgar Publishing Ltd The evolution of the single european market
Book SynopsisThe Evolution of the Single European Market provides a detailed empirical and theoretical analysis of the impact of the Single European Market - one of the most significant developments in the world economy in the late twentieth century.A distinguished group of contributors examines how the Single Market has developed in practice and the impact it has had on industry regions and groups in society. They chart the likely future course of further integration in the light of public choice theory, subsidiarity and the current experience within the Single Market. The differences between the member states are analysed in detail as are the reasons why it has been so difficult to obtain agreement. They examine, from an evolutionary approach, issues such as competition law, the Single European Act, the unofficial means of implementation and enforcement, 'competition among rules', and the social dimension and external impact of the Single Market. The contributors include lawyers, economists, political scientists, sociologists and regional scientists, whose contribution stems from the work of over one hundred researchers across Europe in a linked programme of projects.This forward looking book will be required reading for researchers and students with an interest in economic and political integration as well as politicians and businesses involved in cross-border trade and investment. It will also be of interest to academics in the areas of economics, politics, law, social policy and geography.Table of ContentsContents: 1. Introduction (D.G. Mayes) 2. Setting and Influencing the Rules (S. Bulmer) 3. Implementing the Rules (J.A. Usher) 4. Competition among Rules in the European Union (S. Woolcock) 5. The Impact of Rules (K. Hartley, A. Cox and D. Mayes) 6. Socio-economic Environments and Rule-making in the EU (R.M. Lindley) 7. The Evolution of Rules (D. Matthews) 8. The Single Market, European Integration and Political Legitimacy (A. Weale) 9. The External Impact (C. Brewin) 10. Mutual Trust, Credible Commitments and the Evolution of Rules for a Single European Market (G. Majone) Index
£115.00
Edward Elgar Publishing Ltd The Emergence and Evolution of Markets
Book SynopsisThe Emergence and Evolution of Markets examines the development of markets based on empirical examples from Western economies and from the post-socialist economies of Eastern Europe. It provides an historical dimension to the present problems of transition.The Emergence and Evolution of Markets clearly demonstrates that liberalization, privatization and changes to formal institutions are not in themselves sufficient to create a successful market economy. In the first part, there is an analysis of general aspects of economic theory with regard to market evolution and an historical assessment of the development of markets. The authors then examine the experiences of some specific markets, including the telecommunications and stock markets to draw general conclusions. In part three they focus on the emerging market systems in post-socialist countries, particularly Kyrgyzstan and Bulgaria. In addition, the discussion offers an empirical analysis of the evolution of capital, currency and agricultural markets, emphasizing the importance of transaction costs and institutions in the development of these markets. This major book will prove invaluable to academics and policymakers interested in the areas of transition economics, political economy, and policy analysis.Trade Review'This book could profitably be read by more than economists or specialists on Hungary. It does not require a sophisticated technical knowledge, and it goes well beyond a country study. What Kornai makes clear is that post communist transition is a process of worldwide significance to be explored with the whole array of tools provided by the social sciences.' -- Marie Lavigne, Slavic Review'. . . the book can be recommended as a valuable attempt at rethinking transition economics. One may hope that further attempts in this direction will contribute to enriching economics itself.'– Philippe Fontaine, The Economic JournalTable of ContentsContents: Foreword Part I: General Aspects Part II: Evolution of Markets: Experiences and Prospects from the West Part III: From Hierarchies to Markets: The Post-Socialist Experience Index
£102.00
Edward Elgar Publishing Ltd Trade and the Environment: Economic, Legal and
Book SynopsisTrade and the Environment presents the most important published articles and papers which are essential to an understanding of the complex interrelationship between trade and the environment - an area which reflects the increasing concern about the protection of the earth's environment and natural resources.The book examines the subject from three perspectives. The first section offers an economic analysis of the trade and environment relationship, including the problems of cost and the methodological approaches to analyses of trade and environment; and exploration of how international and national trade and environment policies affect each other and an investigation of how firms and corporations adjust their strategies to respond to environmental regulation. The second section, which is devoted to the legal aspects of the conflict between trade and environmental policies, explores the implications of existing international trade agreements for good environmental practice and investigates the effects of national environmental laws on international trade. The final section is concerned with government policy and the way in which national governments construct international 'regimes' which affect the interplay between trade liberators and environmental regulators.Trade and the Environment provides a clear insight into an area of current concern and points to future issues in the rapidly emerging trade and environment regime.Trade Review'The papers are summarised in a concise and very readable introductory essay. . . . this book represents a well-chosen and comprehensive selection of articles from the rapidly growing literature on trade and the environment, and contains everything necessary for the reader who looks for a holistic overview of the entire issue.' -- Till Stoll, The Economic JournalTable of ContentsContents: Introduction (A.M. Rugman and J.J. Kirton) Part I: Economic Perspectives Part II: Legal Perspectives Part III: Policy Perspectives Name Index
£262.00
Edward Elgar Publishing Ltd Developing and Newly Industrializing Countries
Book SynopsisThis two volume set presents a wide-ranging selection of important articles, which explore the effects of the globalization of the world economy on developing and newly industrialized countries. It investigates policies of liberalizing trade in developing countries and the effects of the inflow of capital and investment; it explores how the trend towards developing regional trading areas in for example, Europe, the Americas and the Pacific area, affects and is affected by globalization. Further topics include the role of multinational firms, the effects of the economic decisions taken by worldwide organizations or by the institutions of the major economic players, and the impact of global policy issues such as environment and trade on emerging economies.Trade Review'This hefty collection of articles serves as a valuable introduction to the main issues regarding the implications of increasing global economic integration especially for developing countries. Together these two fine volumes constitute the fourth part of Mark Casson's excellent series The Globalization of the World Economy.' -- Journal of Peace ResearchTable of ContentsContents: Introduction Volume I Part I: Countries Part II: Capital Flows and Financial Liberalization in Developing Countries Part III: The Relationship between Globalization and Regional Integration • Volume II Part I: Multinational Firms, Exports and Developing Countries Part II: Sectoral Issues Part III: Multilateral Institutions and the Developing Countries Part IV: Global Policy Issues and the Developing Countries
£409.00
Edward Elgar Publishing Ltd Globalization and Labour Relations
Book SynopsisThis important book presents an in-depth analysis of the neo-liberal viewpoint on globalization and its impact on labour relations. The policies of states and multinational corporations as well as their effects are analysed from the perspectives of international political economy, institutional economics, cultural studies and industrial relations.The authors analyse the trade union critique, labour market segmentation and the erosion of regulatory practices and standards which give labour some degree of protection. This innovative book combines theoretical analysis with empirical detail and focuses on various sectors of industry such as mining, home appliances, logistic services and the media as well as the main regional blocks of the global economy - Europe, Australia-Asia and America.Trade Review'. . . contains some excellent articles . . . it is very well edited and covers in a coherent way the theme of globalization / de-regulation . . . the anthology is a pleasure to read because it deals with some profound issues of labour market regulation.'Table of ContentsContents: 1. Introduction 2. Globalization – Frequently Asked Questions and Some Surprising Answers 3. Towards the Denaturing of Class Relations? 4. In the Name of ‘Globalization’ 5. Imagined Solidarities 6. Fragmenting the Internal Labour Market 7. Global Logistic Chains 8. The International Restructuring of the Media Industries 9. Work Reorganization in a Globalized Mining Industry 10. Australia’s Historic Industrial Relations Transition Index
£105.00
Edward Elgar Publishing Ltd Europe in the International Economy 1500 to 2000
Book SynopsisThis thorough and compelling book offers a long-run perspective on the European economy from 1500 to the present day, and compares Europe's position of world dominance in the nineteenth century with its vacillating fortunes in the twentieth century. Europe is set specifically within an international context to illustrate how it influenced the rest of the world and how in turn the latter helped to shape the pattern of European development. The authors explain why Europe overtook the formerly advanced Eastern civilizations and how this resulted in the growing inequality among the nations of the world which is such a marked feature in the present day. They then trace the development of the European economy within the context of the international economy and analyse the reasons for its rise to world dominance in the nineteenth century and then its collapse and revival in the twentieth century.Europe in the International Economy 1500 to 2000 will be of interest to students and scholars of economic history and international economics.Trade Review'Overall this is a very good book that provides up-to-date assessments of Europe and the world-economy from early plunder of the Americas to EU negotiations in the WTO.'Table of ContentsContents: Preface Introduction: Europe in the International Economy 1500 to 2000 1. The Rise of the European Economy 1500–2000 2. The Europeanization of the International Economy 1800–1870 3. The Zenith of European Power 1870–1918 4. The Disintegration of Europe 1918–1945 5. Cold War and Common Market: Europe 1945–1973 6. Europe at the Crossroads 1974–2000 Index
£111.00
Edward Elgar Publishing Ltd Deepening Integration in the Pacific Economies:
Book SynopsisThe Pacific is a high growth region, comprising East Asian market economy states, North America, China, Australia and New Zealand. This book examines the area's rapidly expanding pattern of corporate competition and cooperation, which is assisting recoveries from the effects of the East Asian financial crises. The authors argue that the uneven but dynamic integration in the Pacific region which was disrupted by the financial crises is continuing in ways that promise resumptions of higher interdependent growth when fundamental adjustments have been completed. They emphasize that the regional recovery could be assisted by innovative new efforts to promote wider ranging cooperation in the Asia Pacific Economic Cooperation forum (APEC), which is committed to regional trade and investment liberalization over the next decade.Trade Review'. . . the volume provides a useful . . . exploration of key issues affecting the development of the Asia-Pacific region.' -- Mark Beeson, Asia Pacific Business ReviewTable of ContentsContents: Preface 1. Pacific Integration and Globalization 2. East Asian Crises and Regional Economic Integration 3. Pacific Economic Integration and the ‘Flying Geese’ Paradigm 4. Pacific Market Integration 5. Multinational Enterprises in APEC 6. Corporate–Government Relations in the Pacific 7. Corporate Interaction, Direct Investment and Regional Cooperation in Industrializing Asia 8. Bank Loan Capitalism and Financial Crises 9. Pacific Collective Management Index
£115.00
Edward Elgar Publishing Ltd trade and innovation: Theory and Evidence
Book SynopsisDifferences in technology between countries and the effect of this on trade performance have important consequences for the growth and development of countries. This book analyses the role of innovation in influencing the trade performance of developed countries. It presents an up-to-date systematic empirical evaluation of the role of technology in a group of key industrialized economies and integrates differences in technology into the debate about European Union and country convergence in general.The book will be welcomed by scholars and students of industrial economics, the economics of technology change and international trade.Trade Review'It is a well-written contribution on an important and interesting issue that may be of interest to both scholars and a wider audience.'Table of ContentsPart one Technology and trade theory: the treatment of technology; measuring the impact of technology. Part two Technology and inter-country trade: trade and innovation in the European Union; the impact of innovation on bilateral OECD trade. Part three Technology and the international economic performance of firms: innovation and exports at the firm level.
£97.00
Edward Elgar Publishing Ltd Historical Foundations of Globalization
Book SynopsisThis volume offers an impressive collection of scholarly papers which investigate the historical foundations of globalization before 1945. The book explores the effects of the nineteenth century technologies of the railway, the telegraph and the steamship which promoted the globalization process by boosting trade across frontiers and triggering migration of labour and flows of capital to the temperate areas of agriculture. The colonial empires, in particular the British Empire, facilitated the process, as the integration of capital markets and monetary systems and methods of business organization followed trade and labour. The volume also covers the time between the wars, when impediments to trade, migration and currency movements increased and led to a period of deglobalization and divergence.Trade Review'It has been nicely produced by the publishers, who have reprinted the extracts in their original style. It will feature on many reading lists and will be recommended by economic historians to their students . . . It will be conveniently consulted as an alternative source for many scholarly articles in international economic history. It will provide plenty of academic nourishment. . .' -- Robert G. Greenhill, Business HistoryTable of ContentsContents: Part I: The Technology of Nineteenth Century Globalization Part II: Trade, Prices and Globalization Part III: The Monetary System of Globalization, Capital Market Integration and Foreign Debt Part IV: Business and Globalization Part V: Migration and Globalization Part VI: Deglobalization Between the Wars Part VII: Political Economy of Globalization
£359.00
Edward Elgar Publishing Ltd Growth, Development and Trade: Selected Essays of
Book SynopsisThis volume contains 21 selected essays by Professor Sir Hans Singer written over the last two decades. The volume addresses:- development economics in historical perspective and considers where it stands today the early pioneers of 'development' thinking including Smith and Keynes growth, industrialization and trade current questions of the terms of trade debate and import substitution North-South and South-South linkages foreign aid The author gives grateful thanks to Matthew Morris and Hans Ulrich Esslinger for their contributions to this book.Table of ContentsContents: Part I: Introduction Part II: Pioneers of Development Economics Part III: Growth, Industrialization and Trade Part IV: Import Substitution and Terms of Trade Controversy Part V: North-South and South-South Trade Part VI: Aid
£111.00
Edward Elgar Publishing Ltd Economic Growth and Change: National and Regional
Book SynopsisThe pursuit of economic growth is at the top of every nation's policy agenda at the end of the 20th century. This authoritative and comprehensive book goes beyond the narrowly-based convergence model of economic growth by considering global, national and regional patterns of growth from a comparative perspective. Issues examined include: the evolution of the firm and the role of R&D long-term implications of the loss of national sovereignty international 'openness' social and political institutions patterns of regional harmonization in the United States, particularly income and earnings trends across states and the reasons for convergence persistent regional disparities in Europe including the roles of sectoral transformation, regional spillovers, human capital formation and the allocation of structural funds the experience of convergence in individual countries including Italy, the UK, Spain and Germany Trade Review'. . . this is an interesting book containing on the whole respectable well-tried approaches typical of the mid-to-late 1990s and addressing serious issues of real practical concern to human welfare, rather than being an expose of avant-garde innovations in methodology or theory. . . the contributions are well written and accessible, so that the book could profitably be used as supplementary reading by advanced students of regional economics, regional science or quantitative economic geography. The editors and authors, have made a significant and important contribution.'Table of ContentsContents: Introduction Part I: The Fabric of Global Economic Growth Part II: Contrasting Patterns: The United States and Europe Part III: Regional Mosaics in National Contexts Index
£153.00
Edward Elgar Publishing Ltd Eastern Europe and the World Economy: Challenges
Book SynopsisTwo of the most important economic processes at work in recent years are the globalization of the world economy and the economic transition in Central and Eastern Europe and the former Soviet Union. This book analyses the transition process from a comparative perspective and places these changes within the wider framework of globalization.It assesses the problems of transition faced by business and governments to better understand the direction in which future economic and political policy should move for improved growth. It evaluates the current stage of economic development in the transitional countries and discusses trends in the world economy since the early 1990s. Specifically, it addresses trends in global and regional development strategies, government policies, privatization, foreign investment and external balances. The authors then analyse the future prospects for economic and political relations between Eastern Europe and the European Union, the World Trade Organization and the international community as a whole. Some of the specific issues they focus on include US industrial competitiveness policy, economic nationalism, privatization in Eastern Europe, venture capital activities, the required economic conditions for Eastern European countries to join the European Union, regionalism and industrial policy for Eastern Europe, and lessons to be learned from the Japanese and Hong Kong transformations, as well as a comparative assessment of some political aspects of the economic strategies in Japan and Germany.Eastern Europe and the World Economy will be welcomed by scholars and students interested in the economics of transition, comparative economic systems, international economics and development economics, as well as by policymakers and government officials.Trade Review'The book makes a valuable contribution to the rather controversial issues of the mutual interweaving of transition and globalization. Although it covers a wide variety of topics it creates an integrated and coherent product . . . One can say that the book will not only assist scholars but also managers in their dealings with the countries of Central and Eastern Europe in their transformation into modern market economies integrated into the processes of globalization.' -- Matija Rojec, Journal of International Relations and Development '. . . the chapters are . . . interesting and well argued . . . some of the authors' suggestions are as relevant today as they were at the time of writing.'– Andras Koves, Slavic ReviewTable of ContentsContents: Introduction Part I: The Developed Economies Part II: The East European Economies Part III: International Organizations and the Transitional Economies in Eastern Europe Part IV: Selected Aspects and Perspectives Index
£111.00
Edward Elgar Publishing Ltd Trade and Investment Policy
Book SynopsisThis important two volume collection of previously published journal articles and book excerpts provides an extensive array of readings in the economics and politics of international trade and investment policy.Volume One focuses on the globalization of business and links policy issues to economic and political theory and to the strategies of corporations. Volume Two concentrates on multilateral institutions and agreements, regional arrangements and linkages among trade, investment, labour and environmental policy issues.The articles included in this collection have been drawn from diverse sources and represent analyses by scholars of many persuasions and nationalities.Table of ContentsContents: Acknowledgements Introduction Thomas L. Brewer Volume I: Part I: Policy in the Context of Globalization 1. World Bank (1997), ‘Foreign Direct Investment and Global Integration’ 2. H. Peter Gray (1995), ‘The Modern Structure of International Economic Policies’ 3. Charles-Albert Michalet (1994), ‘Transnational Corporations and the Changing International Economic System’ 4. John H. Dunning (1992), ‘The Global Economy, Domestic Governance, Strategies and Transnational Corporations: Interactions and Policy Implications’ 5. Alan M. Rugman and Michael V. Gestrin (1991), ‘US Trade Laws as Barriers to Globalisation’ 6. Jagdish N. Bhagwati (1985), ‘Protectionism: Old Wine in New Bottles’ 7. Edward M. Graham and Robert Z. Lawrence (1996), ‘Measuring the International Contestability of Markets: A Conceptual Approach’ 8. James D. Gaisford (1996), ‘On the Relative Gains from Liberalized Foreign Investment’ Part II: Theory and Policy 9. Robert E. Baldwin (1992), ‘Are Economists’ Traditional Trade Policy Views Still Valid?’ 10. Paul R. Krugman (1993), ‘The Narrow and Broad Arguments for Free Trade’ 11. Paul Krugman (1992), ‘Does the New Trade Theory Require a New Trade Policy?’ 12. Rachel McCulloch (1983), ‘The Optimality of Free Trade: Science or Religion?’ 13. Asad Alam (1995), ‘The New Trade Theory and its Relevance to the Trade Policies of Developing Countries’ 14. Kyle Bagwell and Robert W. Staiger (1990), ‘A Theory of Managed Trade’ Part III: Firms’ Strategies and Governments’ Policies 15. Raymond Vernon (1981), ‘Sovereignty at Bay: Ten Years After’ 16. Farok J. Contractor (1990), ‘Ownership Patterns of U.S. Joint Ventures Abroad and the Liberalization of Foreign Government Regulations in the 1980s: Evidence From the Benchmark Surveys’ 17. Dennis J. Encarnation and Louis T. Wells, Jr. (1985), ‘Sovereignty en Garde: Negotiating with Foreign Investors’ 18. Helen Milner (1988), ‘Trading Places: Industries for Free Trade’ 19. David W. Loree and Stephen E. Guisinger (1995), ‘Policy and Non-policy Determinants of U.S. Equity Foreign Direct Investment’ Part IV: Domestic Politics and Policy 20. Sylvia Ostry (1992), ‘The Domestic Domain: The New International Policy Arena’ 21. John S. Odell (1990), ‘Understanding International Trade Policies: An Emerging Synthesis’ 22. John B. Goodman, Debora Spar and David B. Yoffie (1996), ‘Foreign Direct Investment and the Demand for Protection in the United States’ 23. Thomas L. Brewer (1992), ‘An Issue-Area Approach to the Analysis of MNE-Government Relations’ 24. Gene M. Grossman and Elhanan Helpman (1995), ‘The Politics of Free-Trade Agreements’ 25. Arye L. Hillman and Heinrich W. Ursprung (1988), ‘Domestic Politics, Foreign Interests, and International Trade Policy’ Index Volume II: Part I: Multilateral Institutions and Agreements 1. Charles Lipson (1982), ‘The Transformation of Trade: The Sources and Effects of Regime Change’ 2. Susan Strange (1987), ‘The Persistent Myth of Lost Hegemony’ 3. Paul M. Goldberg and Charles P. Kindleberger (1970), ‘Toward a GATT for Investment: A Proposal for Supervision of the International Corporation’ 4. C. Fred Bergsten and Edward. M. Graham (1992), ‘Needed: New International Rules for Foreign Direct Investment’ 5. Pierre Sauvé (1994), ‘A First Look at Investment in the Final Act of the Uruguay Round’ 6. Pierre Sauvé (1995), ‘Assessing the General Agreement on Trade in Services: Half-Full or Half-Empty?’ 7. Americo Beviglia Zampetti (1995), ‘The Uruguay Round Agreement on Subsidies: A Forward-Looking Assessment’ 8. Thomas L. Brewer and Stephen Young (1996), ‘Investment Policies in Multilateral and Regional Agreements: A Comparative Analysis’ 9. Development Committee of the International Monetary Fund and the World Bank (1992), ‘Guidelines on the Treatment of Foreign Direct Investment’ Part II: Regional Institutions and Agreements 10. Stephen J. Kobrin (1995), ‘Regional Integration in a Globally Networked Economy’ 11. Michael Gestrin and Alan M. Rugman (1994), ‘The North American Free Trade Agreement and Foreign Direct Investment’ 12. Edward M. Graham and Christopher Wilkie (1998), ‘Regional Economic Agreements and Multinational Firms: The Investment Provisions of the NAFTA’ 13. James R. Markusen, Thomas F. Rutherford and Linda Hunter (1995), ‘Trade Liberalization in a Multinational-Dominated Industry’ 14. Edward M. Graham (1994), ‘Towards an Asia-Pacific Investment Code’ 15. Thomas Brewer and Stephen Young (1995), ‘European Union Policies and the Problems of Multinational Enterprises’ 16. Tamar Almor and Seev Hirsch (1995), ‘Outsiders’ Response to Europe 1992: Theoretical Considerations and Empirical Evidence’ Part III: Inter-Policy Linkages 17. World Trade Organization (1996), ‘Trade and Foreign Direct Investment’ 18. T.N. Srinivasan (1996), ‘Post-Uruguay Round Issues for Asian Developing Countries’ 19. Karl P. Sauvant, Padma Mallampally and Persephone Economou (1993), ‘Foreign Direct Investment and International Migration’ 20. Thomas L. Brewer and Stephen Young (1997), ‘Investment Incentives and the International Agenda’ 21. Hiro Lee and David Roland-Holst (1997), ‘The Environment and Welfare Implications of Trade and Tax Policy’ 22. Niek De Jong and Rob Vos (1995), ‘Regional Blocs or Global Markets? A World Accounting Approach to Analyze Trade and Financial Linkages’ Index
£460.00
Edward Elgar Publishing Ltd The Handbook of Latin American Trade in
Book SynopsisThis major Handbook offers a comprehensive analysis of the key issues surrounding the rapid expansion of Latin America's manufacturing sector. It systematically examines the most important factors influencing the comparative advantages and the globalization of manufacturing industries in the region.The Handbook of Latin American Trade in Manufactures provides a detailed account of trade and investment policies, international technology transfers, macroeconomic stabilization and structural adjustment policies and industry-specific initiatives affecting the export competitiveness of Latin America's manufactures. The four major parts of the Handbook contain detailed assessments of regional and country-specific developments in manufacturing trade, and the statistical appendix provides essential information on the countries of the region.This Handbook will be welcomed by a wide range of economists in the fields of international trade and investment, industrial organization, development economics and Latin American Trade. It will also be of interest to business analysts and policymakers concerned with the formation of trade strategies.Trade Review'Do not be misled by the faintly ambiguous title of this superb publication edited by Montague Lord, it is much more than a directory covering basic information on the manufacturing industry in Latin America.' -- British Bulletin of PublicationsTable of ContentsContents: 1. Introduction (M.J. Lord) Part I: The Region Part II: Argentina Part III: Brazil Part IV: Mexico Part V: Chile Statistical Appendix (M. McPeak) Index
£212.00
Edward Elgar Publishing Ltd Service Industries in the Global Economy
Book SynopsisService Industries in the Global Economy is a comparative international reference collection which identifies and reprints the most important articles on services and the service economy written by geographers, economists and sociologists. The focus is on the growth and evolution of service activities in the advanced economies of Europe, North America and the Pacific Rim within the framework of the global economy.The first volume explores the shift away from manufacturing employment towards a variety of service occupations in the advanced economies. It provides an empirical and theoretical account of the transformation, exploring the growth and nature of service employment as well as the evolution of a service class and the issue of social polarisation. The second volume explores the relationship between service activities and economic development as well as the relationship between producer services and manufacturing companies. It also provides an analysis of the growth of multinational service firms and examines the relationship between services, technological change and globalisation.Trade Review'The papers it contains make compelling reading on the problematic nature of defining service activities and occupations, and the difficulty of accounting for the growth in service employment given the evolution of the broader economic system of which services are a part and the heterogeneity of the sector itself. . . . The structure of the collection has been carefully thought through and coheres well. . . . brings together a set of important articles from a diverse range of journals, the scope of which is likely to be represented in only the largest of university libraries' holdings.' -- Niall Majury, Progress in Human GeographyTable of ContentsContents: Volume I: Introduction Part I: Towards the Service or Post-Industrial Society Part II: Theories of the Service Economy Part III: Service Employment Part IV: The Nature of Service Work Part V: Social Polarization and the Rise of the Service Class • Volume II: Introduction (as vol 1) Part I: Services and Economic Development Part II: Producer Services Part III: Multinational Service Firms Volume IV: Services, Technological Change and Globalization
£625.00
Edward Elgar Publishing Ltd Transforming International Organizations
Book SynopsisInternational strategies and the organizational designs of multinational corporations are in a period of transition; the dominant designs of the recent past are gone and new dominant designs have not yet emerged. This authoritative collection of articles by leading international scholars presents the dominant ways of examining and understanding these current changes. It investigates contrasting points of view and provides the reader with a framework for evaluating the transformation of international corporations and for developing a critical insight which will be as useful for understanding future changes as it is for understanding those that have already occurred.Table of ContentsContents: Introduction (W.G. Egelhoff) Part I: The Contextual Environment Driving Organizational Transformation Part II: Broad-Based Models of Organizational Transformation Part III: Subsidiary-Level Perspectives of Organizational Transformation Part IV: Models and Studies Dealing with Specific Aspects of Organizational Transformation Name Index
£284.00
Edward Elgar Publishing Ltd Integrating Financial Markets in the European
Book SynopsisThis timely book provides an innovative examination of financial integration in the European Union - an issue that has become of paramount importance in view of the commencement of European Economic and Monetary Union.The author begins by assessing three different methods of financial integration in the European Union: interest parity conditions, savings-investment correlations and consumption correlations. He goes on to examine the fundamental determinants of financial integration and analyses the factors likely to influence the movement of capital within the European Union. The blend of empirical and theoretical research provides the reader with a comprehensive account of the progress made in integrating financial markets in the European Union.Integrating Financial Markets in the European Union will be essential reading for students and scholars of monetary economics, international finance and European integration. It will also prove useful to practitioners and policymakers working in central banking and government.Trade Review'. . . scholars of monetary economics and international finance specialising in European integration will find the book timely and useful.'Table of ContentsContents: 1. Integrating Financial Markets in the European Union: An Introduction Part I: The Measurement of Financial Integration 2. The Price Approach to Financial Integration: Decomposing European Money Market Interest Differentials 3. The Quantity Approach to Financial Integration: The Feldstein-Horioka Criterion Revisited 4. Financial Integration in Europe: Evidence from Euler Equation Tests Part II: The Determination of Financial Integration 5. The Fundamental Determinants of Financial Integration in the European Union 6. Short-term and Long-term Government Debt and Nonresident Interest Withholding Taxes Part III: Conclusion 7. Summary and Conclusions
£95.00
Edward Elgar Publishing Ltd Taiwanese Firms in Southeast Asia: Networking
Book SynopsisTaiwanese foreign direct investment rapidly expanded in the mid-1980s when the domestic wage rate and the value of the Taiwanese currency skyrocketed simultaneously. Losing their competitive edge at home, many Taiwanese firms relocated to lower wage countries; mainly Southeast Asia and China.Taiwanese Firms in Southeast Asia provides a comprehensive review of Taiwan's direct investment in Southeast Asia, including Indonesia, Malaysia, Thailand, the Philippines and Vietnam. It also explores the motivation behind investment in Asia, Europe and the US. In most countries, incidence of foreign direct investment is positively correlated with firm size. However, in Taiwanese firms, the opposite is true. The book examines the reasons for this and assesses the difference in practice between small and large firms conducting foreign direct investment, focusing on the manufacturing sector. The book also includes an original, comprehensive survey and a series of interviews with Taiwanese parent firms and their subsidiaries in Southeast Asia. The authors conclude that networking underscores the core competitiveness of Taiwanese firms and when these firms invest abroad, they attempt to maintain a close connection with domestic networks to retain competitiveness and flexibility. However, they will have difficulty in sustaining this in the long-term because co-ordination of production across national borders requires intensive input of managerial resources which are scarce among Taiwanese firms. In the long-term, they have to localize and integrate themselves into the local networks.The book is a result of joint research efforts by Taiwanese, American and Southeast Asian scholars and will be required reading for students and scholars of economies in Southeast Asia, international business, Asian studies and multinational enterprise.Trade Review'Rather one of the merits of this book is that it brings up numerous issues calling for further research. This work has opened the way and set down a solid foundation for future research, for which I would like to express to the contributors of this study my fullest approval and gratitude.'Table of ContentsContents: Preface 1. Introduction 2. FDI by Small and Medium-Sized Enterprises in Developed Countries 3. FDI by Small and Medium-Sized Enterprises from Taiwan 4. Economic Effects of Taiwanese FDI on Host Countries 5. Noneconomic Elements of Taiwan’s Foreign Direct Investment 6. Taiwanese Investment in Indonesia 7. Taiwanese Investment in Malaysia 8. Taiwanese Investment in Thailand 9. Taiwanese Investment in the Philippines 10. Taiwanese Investment in Vietnam 11. Conclusions Bibliography Index
£111.00
Edward Elgar Publishing Ltd The Foundations of Continuous Time Finance
Book SynopsisThis volume is an authoritative collection of 25 key papers in the development of continuous time finance. Its five sections cover the continuous time model, dynamic portfolio selection, equilibrium models, derivative pricing and, finally, term structure and other applications. It includes seminal contributions in areas such as: the Martingale approach to no-arbitrage pricing; dynamic models of consumption and portfolio selection; the inter-temporal and consumption based asset pricing models; contingent claims pricing; the term structure of interest rates and the use of changes in numeraire in options pricing.This book will be an essential source of reference for students and researchers in finance and, indeed, anyone needing access to the key papers in this important field.Table of ContentsContents: Acknowledgements Foreword by Richard Roll Introduction Stephen Schaefer PART I THE CONTINUOUS TIME MODEL IN FINANCE 1. Robert C. Merton (1982), ‘On the Mathematics and Economics Assumptions of Continuous-Time Models’ 2. J. Michael Harrison, Richard Pitbladdo and Stephen M. Schaefer (1984), ‘Continuous Price Processes in Frictionless Markets Have Infinite Variation’ 3. J. Michael Harrison and David M. Kreps (1979), ‘Martingales and Arbitrage in Multiperiod Securities Markets’ 4. Darrell Duffie and Chi-fu Huang (1985), ‘Implementing Arrow-Debreu Equilibria By Continuous Trading of Few Long-Lived Securities’ PART II INTERTEMPORAL PORTFOLIO SELECTION 5. Robert C. Merton (1969), ‘Lifetime Portfolio Selection Under Uncertainty: The Continuous-Time Case’ 6. Robert C. Merton (1971), ‘Optimum Consumption and Portfolio Rules in a Continuous-Time Model’ 7. John C. Cox and Chi-fu Huang (1989), ‘Optimal Consumption and Portfolio Policies when Asset Prices Follow a Diffusion Process’ 8. John C. Cox and Chi-fu Huang (1991), ‘A Variational Problem Arising in Financial Economics’ 9. Lucien Foldes (1978), ‘Optimal Saving and Risk in Continuous Time’ 10. M.H.A. Davis and A.R. Norman (1990), ‘Portfolio Selection with Transaction Costs’ PART III EQUILIBRIUM MODELS 11. Robert C. Merton (1973), ‘An Intertemporal Capital Asset Pricing Model’ 12. Douglas T. Breeden (1979), ‘An Intertemporal Asset Pricing Model with Stochastic Consumption and Investment Opportunities’ 13. John C. Cox, Jonathan E. Ingersoll, Jr. and Stephen A. Ross (1985), ‘An Intertemporal General Equilibrium Model of Asset Prices’ 14. Douglas T. Breeden (1986), ‘Consumption, Production, Inflation and Interest Rates: A Synthesis’ 15. Hua He and Hayne Leland (1993), ‘On Equilibrium Asset Price Processes’ PART IV DERIVATIVE PRICING 16. Robert C. Merton (1977), ‘On the Pricing of Contingent Claims and the Modigliani-Miller Theorem’ 17. Richard Roll (1977), ‘An Analytic Valuation Formula for Unprotected American Call Options on Stocks with Known Dividends’ 18. William Margrabe (1978), ‘The Value of an Option to Exchange One Asset for Another’ 19. M. Barry Goldman, Howard B. Sosin and Mary Ann Gatto (1979), ‘Path Dependent Options: "Buy at the Low, Sell at the High"’ 20. Farshid Jamshidian (1993), ‘Option and Futures Evaluation with Deterministic Volatilities’ 21. Hélyette Geman, Nicole El Karoui and Jean-Charles Rochet (1995), ‘Changes of Numéraire, Changes of Probability Measure and Option Pricing’ PART V TERM STRUCTURE AND OTHER APPLICATIONS 22. Fischer Black and John C. Cox (1976), ‘Valuing Corporate Securities: Some Effects of Bond Indenture Provisions’ 23. Hayne E. Leland (1994), ‘Corporate Debt Value, Bond Convenants, and Optimal Capital Structure’ 24. John C. Cox, Jonathan E. Ingersoll, Jr. and Stephen A. Ross (1985), ‘A Theory of the Term Structure of Interest Rates’ 25. M.J. Brennan and E.S. Schwartz (1985), ‘Evaluating Natural Resource Investments’ Name Index
£273.00
Edward Elgar Publishing Ltd Global Trading Arrangements in Transition
Book SynopsisThis volume focuses on the crucial economic, political and legal aspects of global trading arrangements in the current transitional stage of the integration process. It provides an evaluation of the deepening and widening of the integration process, and places particular emphasis on the contentious issues which arise in the process of integrating previously unequal partners.Nations are contemplating taking part in various integration initiatives and schemes for a variety of purposes. They anticipate discernible improvements in the well-being of their citizens - that is, a rise in living standards resulting from closer economic integration. The international diverse group of authors begins by examining the general issues confronted by countries engaging in various levels of integration. They then go on to discuss theoretical and empirical studies of the implications of economic integration on welfare and public policy. It specifically addresses issues such as the impact on industry in participating countries and the effects of NAFTA on Mexico.This book will be welcomed by practitioners, academics and students interested in economic integration, international economics, political science and international business.Table of ContentsContents: Introduction Part I: Trade Theory, Policy and Welfare 1. Economic and Financial Integration 2. Implications of NAFTA on the Trade of US Economies 3. Welfare Effects of the Completion of the Single European Market 4. NAFTA, The EU and Agricultural Trade 5. The State of the Welfare State in the EU, Anno 1992 6. Economic Integration and Regional Economic Convergence in NAFTA and the EU Part II: Impact of Economic Integration on Industrial Organization 7. The Role of Small and Entrepreneurial Firms in Achieving Economic Integration during the Transition from Command to Market-based Economies 8. Trade Liberalization in Eastern European Countries and the Prospects of their Integration into the World Trading System 9. Long-run and Short-run Effects of Economic Integration on the Inflow of Foreign Direct Investment 10. Japanese Manufacturing FDI’s in Europe 11. Tendencies and Idiosyncrasies of European Trading Partners Part III: Lessons from the Case of Mexico 12. The Growing Anti-immigrant Debate in the North American Region and its Impact on Mexico 13. NAFTA and Mexico 14. Successful Integration and Economic Distress 15. Economic Integration, Exchange Rate and Competitiveness
£114.00
Edward Elgar Publishing Ltd Agriculture, Trade and the Environment: The
Book SynopsisThis timely book focuses on the liberalization of agricultural policy and questions whether it is compatible with the goal of achieving economic and environmental sustainability in the European Union. It presents an invaluable contribution to the growing literature on the sustainability and policy aspects of trade liberalization, focusing on European agriculture.Agriculture, Trade and the Environment discusses quantitative methods for the assessment of agriculture-environment trade-offs for policy analysis at the firm, regional or national levels. It also presents the experience of countries in Europe, with particular regard to the impact of the reform of the Common Agricultural Policy and the repercussions of the Uruguay Round. Using a wide range of analytical and quantitative tools, country case studies examine agricultural areas in Austria, Scotland, Italy, Spain, Greece and Estonia. The authors then go on to look at future developments in an enlarged EU context. They conclude that efficient policies for environmental management in the EU need to be tailored to fit local conditions. Any attempt to impose uniform policies across a region as environmentally and economically diverse as Europe will have widely divergent and unintended consequences.This book will prove invaluable to academics and students with an interest in agricultural economics, environmental and ecological economics and the European Union.Table of ContentsContents: Introduction 1. Comparative Statics on a Two-Country, One-Commodity, Two-Factor Agricultural Trade Model with Process-Generated Pollution 2. Quantifying Agriculture–Environment Tradeoffs to Assess Environmental Impacts of Domestic and Trade Policies 3. Decomposing the Effects of Trade on the Environment 4. Effects of CAP Reform on the Environment in the European Union 5. Consistency Between Environmental and Competitiveness Objectives of Agricultural Policies 6. EU Agriculture and the Economics of Vertically-Related Markets 7. Are Support Measures and External Effects of Agriculture Linked Together? 8. Principles for the Provision of Public Goods from Agriculture 9. The Impact of the Uruguay Round on the Agro-Food Sector and the Rural Environment it Italy 10. The Common Agricultural Policy and the Environment 11. The Productivity of Agrochemicals in Greece 12. Agriculture and the Environment in Transition 13. European Agriculture and the CAP
£105.00
Edward Elgar Publishing Ltd Capital Mobility, Exchange Rates and Economic
Book SynopsisRecent crises in emerging markets have raised doubts about the desirability of relaxing controls on capital mobility. George Fane, however, uses evidence from the crises in Asia and Latin America to reassert the traditional case that such controls are an excessively blunt instrument for achieving financial stability.This book argues that recent official proposals for reforming the 'international financial architecture' are also unlikely to reduce the frequency of currency and financial crises to an acceptable level. The author proposes an alternative plan to achieve greater financial stability: banks should have to double the currently accepted percentage of capital to risk-weighted assets from 8 to 16 percent and the risk-weights for loans to emerging markets should also be raised substantially the financial sectors in emerging markets should be fully opened to foreign competition bankruptcy procedures in emerging markets should be greatly strengthened central banks should adopt flexible exchange rates, backed by credible targets for inflation or monetary growth. If flexible exchange rates are not adopted, central banks should at least avoid the widespread practice of trying to sterilise the monetary effects of capital flows The author argues that the implementation of this plan will be a far more effective way of enhancing financial stability than controlling international capital flows, or trying to force private lenders to make new loans to countries that suffer crises.This book will be required reading for scholars and policymakers in the areas of international financial economics, financial regulation, development economics and Asian studies.Trade Review'This book is a significant and useful addition to the existing literature on the subject. . . it is a well documented study of the capital mobility and economic crises. It deals with highly topical subjects and recent events in a clear, accessible way. It gives an interesting and valuable insight into the very important issue in the international financial system. I strongly recommend the book for all those interested in the international financial market.' -- Zhaoyong Zhang, Economic Record'This excellent book deals not only with capital market liberalization, capital controls, and recent crises, but also with the implications of international capital mobility for monetary and exchange rate policies, and for reform of the "international architecture". On the basis of Fane's specialist knowledge it is particularly informative on capital market and exchange rate policies in East Asian developing economies. Fane analyzes highly topical subjects and recent events in a very clear, accessible way. The book can be strongly recommended both as a university text and as a reference for all interested in international financial markets.' -- W. Max Corden, Johns Hopkins University, USTable of ContentsContents: Preface 1. Introduction 2. Capital Controls and Exchange Controls 3. Capital Controls and Crisis Prevention: Four Case Studies 4. First and Second- Best Arguments for Capital Controls 5. Speculative Crises, Default and Contagion 6. Banks, Moral Hazard and Prudential Regulations 7. Monetary and Exchange Rate Policies 8. The Credibility of Monetary and Exchange Rate Policies 9. Reforming the International Financial Architecture References Index
£103.00
Edward Elgar Publishing Ltd Promoting Competition in Global Markets: A
Book SynopsisThis book sheds new light on a major issue on the international trade policy agenda - the promotion and defence of competition in globalizing markets.The liberalization of cross-border flows of goods, services and capital that has occurred during the last decade has made competition increasingly important. The authors discuss multi-national approaches to competition policy in the WTO, European Union, the Americas, OECD, UNCTAD and CER. They investigate the policy responses to anti-competitive, cross-border business transactions and argue that a growing reliance on competition law is not in itself sufficient to promote competition in globalizing markets. They conclude that to achieve genuine competition in globalizing markets, policymakers must have a more comprehensive and coherent policy governed by agreed competition principles.Table of ContentsContents: 1. Introduction Part I: Competition in Global Markets 2. The Framework for Policy Analysis Part II: Bilateral Cooperation on Competition Law Enforcement 3. Bilateral Cooperation Agreements Part III: The Approaches of Regional Trading Arrangements 4. The European Union 5. Closer Economic Relations Agreement 6. The Americas Part IV: Plurilateral Approaches 7. ITO, the GATT 1960 Decision and the United Nations 8. OECD 9. APEC Part V: Developments at the Multilateral Level 10. The World Trade Organization 11. An Historic Case - The Kodak/Fuji Dispute Part VI: Emerging Patterns and Principles 12. An Approach to Promoting Competition in Global Markets References Index
£95.00
Edward Elgar Publishing Ltd Foreign Exchange Intervention: Objectives and
Book SynopsisThis important collection of previously published articles and papers, together with an original introduction by the editor, provides both a comprehensive overview of the subject and a more detailed examination of the issues. Topics covered include: the objectives and effectiveness of foreign exchange intervention; the portfolio-balance and expectations channel; new approaches to foreign exchange intervention; technical analysis, private information and game-theoretic models.Table of ContentsContents: Introduction Part I: The Objectives of Foreign Exchange Intervention Part II: The Effectiveness of Foreign Exchange Intervention Part III: New Approaches to Foreign Exchange Intervention Index
£256.00
Edward Elgar Publishing Ltd Economic Efficiency and Productivity Growth in
Book SynopsisThis book provides new insights into the performance of key economies in the Asia-Pacific region during the last three decades. It critically examines productivity growth, factor accumulation and economic efficiency at both the macro and micro levels.The authors use a variety of empirical techniques to measure the sources of economic growth in Hong Kong, Singapore, Taiwan, Korea, Japan, Malaysia, Thailand and China. The techniques employed range from traditional growth accounting to econometric frontier estimation and data envelopment analysis. As a comparison to the Asia-Pacific region, the growth experiences of G7 and 18 OECD countries are analyzed. The authors consider, among other issues, the influential role of trade in the region, macroeconomic management, income, capital, labor productivity, technology and investment. This innovative new book will be of interest to students and scholars of growth economics, public policy and Asian studies.Trade Review'The book provides considerable insights into the factors of productivity and efficiency change in rapidly growing economies.' -- S. Mohan, Journal of Scientific and Industrial Research'As a compilation of papers emanating from an academic conference, this is a remarkably cohesive volume. . . . the papers in this book remain true to the overall theme of the book. Such is not always the case with edited volumes and the editors should be commended. The papers comprising the chapters in the book are also extremely well written and should be accessible to those not well-versed in measurement of productivity growth and productive efficiency. Perhaps the best way to evaluate this book is in terms of how well it attains its stated objectives. Regarding its primary objective, which is to provide new insights into the performance of various economies of the region, the book is successful. . . . the book provides considerable insight into the potential factors driving economic growth. Most notable are the findings concerning the impact of trade, especially imports, and human capital on economic growth. In terms of the book's secondary objective of providing a variety of analytical techniques, it is also successful. The reader will find a wide range of methodological approaches that are innovative and, more importantly, clearly presented. Many of the papers also contain extensive discussions of data development and variable measurement. Individuals currently conducting research on economic growth in the Asian-Pacific region should find this book a good source of ideas for further research as well as a source of potential methodological approaches for empirical analysis. For those interested in beginning to conduct such research, this book provides an excellent avenue for getting up to speed quickly on the current state of knowledge concerning economic growth, total factor productivity, and productive efficiency, as well as an overview of the type of empirical models being employed.' -- Timothy G. Taylor, Journal of Comparative EconomicsTable of ContentsContents: 1. Editor’s Introduction Part I: International Studies A. The Asia-Pacific Region 2. An Alternative Tale of Two Cities 3. Sources of Growth in East Asian Economies 4. The Relative Efficiency and Rate of Technology Adoption of Asian and North American Airline Firms B. International 5. There is No Silver Bullet: Investment and Growth in the G7 6. Is the Asia-Pacific Region Different? Technical Progress Bias and Price Elasticity Estimates for 18 OECD Countries, 1960-1992 Part II: National Studies A. Macroeconomic Productivity Studies 7. A Tiger in the Land of the Panda: Growth Prospects for Hong Kong under Reversion to China 8. Productivity and Efficiency in China’s Regional Economies 9. Total Factor Productivity and Outward Orientation in Taiwan: What is the Nature of the Relationship? 10. Technology Adoption and Technical Efficiency in Taiwan: Foreign Investment Led versus Export Performance Promoted 11. Measurement of Total Factor Productivity in Japan: How to Evaluate Impacts of New Technologies on TFP Growth 12. Productivity Growth in Taiwan’s Manufacturing Industry, 1961-1993 B. Microeconomic Efficiency Studies 13. The Achilles’ Heel of Thailand’s Financial Market 14. Cost Efficiency of the Farmers’ Credit Unions in Taiwan 15. The Social Productivity of China’s Town and Village Enterprises Index
£121.00
