International economics Books

Book SynopsisThe 'third way' is a term often used by politicians and others to indicate a set of new policies adopted by former social democratic parties throughout the world. This book is an attempt to dissect the ideas and economic theory behind the rhetoric of the 'third way' through a critical evaluation of the experiences of 'third way' administrations in a diverse range of countries.The editors suggest seven elements which can help define the theoretical economic foundations of 'third way' policies. They consider whether there is a consistent economic approach underlying the 'third way', and show that it is much influenced by New Keynesian economics. The contributors to the book explore the policy experiences from ten different countries, plus the European Union as a whole. Each contribution provides an examination of the application and implementation of 'third way' policies in a different country. These contributions indicate the similarities of the policies of the 'third way', though important differences in experience also emerge. Providing an acute assessment and comprehensive interpretation of the 'third way', whilst neither endorsing nor dismissing its validity, this book should be widely read by policymakers, political scientists, and those with an interest in economic policy and economic analysis.Table of ContentsContents: 1. Economics of the ‘Third Way’: Introduction 2. The Third Sociological Way 3. European Employment Policies: A New Social Democratic Model for Europe? 4. Economics of the British New Labour: An Assessment 5. Anatomy of Clintonomics 6. Social Democratic Policy and Economic Reality: The Canadian Experience 7. The Third Way: Italian Experiments 8. Distribution and Growth: Can the New Left Deal with the Neo-Schumpeterian ‘Accord’? Some Comments on the French Experience 9. The Austrian Way: Economic and Social Partnership 10. The Economic Policy of the Spanish Socialist Governments: 1982–96 11. The Greek Experiment with the Third Way 12. South Africa: A Third Way in the Third World? 13. Coping with Globalisation: Australian Economic Policy and the Third Way Index

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Book SynopsisThis comprehensive volume provides an indispensable analysis of the development of agricultural policy in Western Europe and the United States.After providing a background to agricultural policy in the two regions, the authors focus on specific issues including: development policy and trade intervention up to 1930 a review of the major adjustments to agricultural policy in the world depression of the 1930s agricultural adjustment and trade interaction between 1940 and 1973, including the enlargement of the EC, the formation of CAP and the foundation of GATT< an examination of the growth in agricultural protection in the 1980s and the effects of the Uruguay Round of GATT negotiations on trade conflicts the EU's 1992 reform of CAP policy reforms in the 1990s in the US and Western Europe and the prospects for the future The book concludes that although there continue to be substantial differences in agricultural policy between the EU and the US, they are diminishing as a result of a fundamental similarity of the forces pushing for reform and the harmonizing effects of international negotiations.Trade Review'. . . this is probably the most balanced, informed and comprehensive treatment of US and Western European agricultural policy now in print. I would recommend it both as a reference and a text. . . It is well informed, well-executed and reasonably accessible to most students and interested readers, and deserves a wide audience.'Table of ContentsContents: Preface 1. Background to Agricultural Policy 2. History to 1930: Development Policy and Trade Intervention 3. The 1930s: Economic Crisis and Agricultural Support Policies 4. 1940–73: Agricultural Adjustment and Trade Interaction 5. 1973–1980s: Agricultural Expansion and the Rise of Trade Policy Issues 6. International Policy Adjustment 7. Policy Reforms in the 1990s and the Prospects for Further Adjustments Bibliography Index

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Book SynopsisThe impact of globalisation on social development is a critical issue for both developed and developing countries. In Globalisation and Social Development, leading experts investigate this from the perspective of European, and more specifically, Southeast Asian economies including Thailand, the Philippines and Vietnam. The contributors provide a well documented, multi-disciplinary analysis of the relationship between globalisation and social development in regions which, in the last two decades, have relied heavily on an outward looking development strategy and on attracting FDI, and which have been severely hit by the Asian crisis. In order to substantiate their analysis, the contributors include case studies of company relocation to Southeast Asia. The effects of globalisation on compliance with core labour standards in the Asia Pacific are also explored. Examining the complex link between globalisation and social development in Europe and Southeast Asia, Globalisation and Social Development will be welcomed by economists and social researchers with a specific interest in globalisation and Southeast Asian economies. Lecturers and scholars of international economics, international business and Asian business will also find the book to be of great interest.Trade Review'There is much to commend in this collection of papers to those interested in both globalization per se as well as those interested in economic and social development in South-east Asia.' -- David N. Ashton, Asia Pacific Business ReviewTable of ContentsContents: Globalisation and Social Development: An Introduction Part I: Europe 1. Globalisation and Wages in Industrial Countries 2. Globalisation, Employment and Wages 3. Globalisation and Relocation 4. Relocation from Industrial Countries to Asia Part II: Southeast Asia 5. ILO Fundamental Principles and Rights at Work in Asia Pacific 6. Economic Crisis, Social Development and Challenges for the Trade Unions 7. Relocation to Thailand 8. Social Development and Globalisation 9. Globalisation and Social Development in the Philippines 10. International Business Relocation to the Philippines 11. FDI, Economic Growth and Social Equality in Vietnam Since the Later 1980s 12. Globalisation and the Reform of the Financial System in Vietnam 13. A Comparison of Social Conditions in Local and Joint Venture Companies in Vietnam Index

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Book SynopsisThe Asian crisis that started in July 1997 wrought untold damages on a large number of countries worldwide and brought intolerable hardships and poverty to millions of people in Asia, and to a lesser extent in Russia and Latin America as well as the European Union. After more than three years of widespread economic, social and financial turmoil, there were signs in mid 2000 that a slow but promising economic recovery was on the way in Asia. This book explores in-depth the major issues and important aspects of this economic recovery and its potential impact on growth, development, trade and investment. Expert contributors also discuss the global directions in international economic and financial relations, corporate and public governance and the challenges to be met and managed in the 21st century.The Asian crisis, and its subsequent recovery, is a global experience and as such is one of the most challenging and important crises of our times. The Asia Recovery is a timely and valuable contribution that will be essential for those in government, business and academia to understand this crisis more fully.Trade Review'With a comprehensive background analysis and plethora of data, the book is an essential reading for those studying the Asian economy. The unique contribution of the book is that it attempts to expand beyond the main countries affected by the crisis, and considers its impact on the other, (lesser-developed) countries, mainly Viet Nam and China (PRC) . . . this book is highly recommended for the students of the Asian economy. With its wealth of information and data as its main strength, it should be an important reference source on the Asian economic studies for the years to come.' -- Jin W. Cyhn, The Journal of the Korean EconomyTable of ContentsContents: 1. The Asia Recovery 2. The Asia Recovery and Sustainable Development and Growth Part I: Major ASEAN and East Asian Economies 3. Structural Reform in Korea 4. Indonesia 5. Malaysia’s Recovery 6. The Philippines’ Economic Recovery Part II: Major Transition Economies in Asia 7. Vietnam 8. China 9. Can China Sustain Fast Economic Growth? A Perspective from Transition and Development 10. The Crisis of Success and Feedback Quality in Managing Economic Crisis 11. The Asia Recovery Index

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Book SynopsisEconomic integration, both within Asia and around the world, has had a major impact on the economies of the Asia-Pacific. NAFTA, the European Union, and ASEAN have determined the course of foreign direct investment, development, trade and policy making throughout the region. The editors of this volume have chosen 14 articles that best represent their work in this area over the past decade. They examine the major issues and future course of integration and offer recommendations for the future success of developing economies in an increasingly dependent world. The book is divided into three sections. The first offers the reader an overview of the chapters and an historical review of ASEAN integration. The second section considers the effects on Asian countries of regional integration in Europe and North America. The final section considers integration within the Asian economies themselves. Together, they reveal a complex and varied series of causes and effects. It also leads to three important policy conclusions that will need to be considered in charting the course of regional economic development in the twenty-first century.Researchers and students in Economics and international business and anyone interested in economic integration and Asian development will find this collection to be very useful.Table of ContentsContents: Part I: Introduction Part II: Effects of Economic Integration in Industrial Countries on Asia Part III: Economic Integration in Asia Index

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Book SynopsisThe twin benefits of improving environmental quality and reducing tax distortions through the recycling of environmental tax proceeds prove an attractive policy objective. This book analyses the use of the double dividend concepts for evaluating ecological tax reforms.The author aims to analyse unilateral environmental policy measures thoroughly and to assess under which conditions a double dividend can be achieved. The analysis is undertaken in the context of international capital mobility and cross-border externalities. He also includes a discussion of an empirically relevant example for an ecological tax reform scenario in Germany - the DIW proposal.International Environmental Externalities and the Double Dividend will be of great interest to all researchers and those working in NGOs in the areas of environmental economics, ecological tax reform issues as well as trade and the environment.Trade Review'Killinger provides a wonderful analysis of the welfare effects of unilateral ecological tax reforms, which should deepen and inform research in this area . . . researchers and students of environmental economic issues should find this book very useful in clarifying and extending the discussion regarding ecological tax reform.' -- Randall J. Hannum, Natural Resources Forum'In looking at the effects of ecological tax reform on allocation, this book addresses a very important issue. The results are interesting and have significant policy implications.' -- Glenn Feltham, Canadian Tax Journal'The book contains an excellent analysis of how environment taxation affects large countries that are highly integrated in world capital markets.' -- Lans Bovenberg, CPB Netherlands Bureau for Economic Policy Analysis, The NetherlandsTable of ContentsContents: 1. Introduction 2. The DIW Report: An Empirical Example 3. National Environmental Policies and International Integration 4. The Double Dividend of Ecological Tax Reforms 5. Indirect Internationalization and International Capital Mobility 6. Concluding Remarks Bibliography Index

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Book SynopsisChina is now among the top hosts for foreign direct investment (FDI) inflows in the world. This fact, combined with recent developments in internationalisation and economic growth in China, ensures a perfect opportunity to identify the determinants and impact of FDI in the largest transition economy in the world.Based on the latest official data, this book adopts a panel data approach to the analysis of the national and regional determinants of inward FDI in China and its impact on regional economic growth, labour productivity and international trade. The Chinese evidence shows that FDI, international trade and economic-growth are interrelated. This book will be welcomed by scholars of emerging economies, international business - especially those interested in FDI - and international trade as well as those specialising in the Chinese economy.Trade Review'. . . this is a well-researched volume. . .' -- Qi Luo, The China Quarterly'The data used is rich, including national, regional and industry-level statistics.' -- Yue Ma, The China Journal'Wei and Liu provide a comprehensive analysis of the determinants and impact of FDI on the economy of China. The book is to be recommended to students of international business for its elegant use of sophisticated econometric techniques and economic theory in exploring the role of FDI in a major emerging economy that hosts a substantial volume of FDI.' -- V.N.Balasubramanyam, Lancaster University, UKTable of ContentsContents: Preface 1. Introduction 2. Foreign Direct Investment in China: Development Trends and Impact 3. Country Characteristics and Foreign Direct Investment in China 4. The Regional Distribution of Foreign Direct Investment in China 5. Productivity Spillovers from Foreign Direct Investment in the Chinese Electronics Industry 6. Endogenous Growth Theory and Regional Income Convergence in China 7. Foreign Direct Investment and Trade Interactions in China 8. Conclusions References Index

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Book SynopsisDespite the disruption of the multilateral trade talks at Seattle in December 1999, the work of the World Trade Organization (WTO) continues. The trade and investment issues that have been outstanding since the Seattle events are explored in this far reaching book. The distinguished contributors combine several analytical approaches for a comprehensive assessment of the trends, problems and opportunities demanding attention in international trade negotiations.The authors discuss the principle items on the agenda for a renewed round of WTO talks, and also examine issues concerning the treatment of foreign direct investment, urging trade policymakers to adopt measures that will enhance flows of such investment, as these contribute to trade expansion. US, European and Japanese interests and perspectives are considered. The authors believe that cooperative management of international trade and investment issues could introduce greater harmony in the world trading system and overcome fears about the disruptive consequences of increased market openness. The self appointed roles of Non Government Organizations (NGOs) are examined, with emphasis on the primary responsibilities of governments as representatives of their nations.By bringing together the extensive results of research by economists, international management experts and political scientists, this book will be of immense worth to trade policymakers, policy research institutes, consulting firms, and academic communities. Of particular value will be the volume's discussions of international competition policy problems.Table of ContentsContents: Foreword Preface 1. The World Trade Organization and the International Political Economy 2. Institutional Development of the WTO 3. Agenda Setting for a Millennial Round: Challenges and Opportunities 4. Corporations and Structural Linkages in World Commerce 5. Triad Policy Interdependencies in the WTO 6. The USA in the WTO 7. The EU in the WTO 8. Japan in the WTO 9. Openness, Growth and Development: Trade and Investment Issues 10. Designing a Market Enhancing WTO 11. The World Trading System: Collective Management Potentials Index

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Book SynopsisThese two volumes survey the most important scholarly writings in economics and political science that explain the drivers and constraints to freer world trade. This authoritative collection, with contributions by leading academics, includes seminal studies that have changed the course of thinking about international trade over past centuries and considers both pro free trade and anti free trade arguments. Along with an original introduction, the editors have also selected a few non-academic pronouncements that have shaped popular views about free trade. This collection will be of immense value to anyone with an interest in the economics of free trade and will serve as an excellent reference source to students and academics. Table of ContentsContents: Volume I: Acknowledgements Introduction Gary Hufbauer and Kati Suominen PART I CLASSICAL ARGUMENTS A Mercantalism 1. Thomas Mun [1664] (1903), ‘The Particular Ways and Means to Encrease the Exportation of our Commodities, and to Decrease our Consumption of Forraign Means’ 2. David Hume (1752), ‘Of the Balance of Trade’ B Specialization, Comparative Advantage and Opportunity Cost 3. Adam Smith (1776), ‘Of the Division of Labour’ 4. David Ricardo (1817/1821), ‘On Foreign Trade’ 5. Gottfried von Haberler (1936), ‘The Transfer Problem’ C Free Trade Ideology 6. C.P. Kindleberger (1975), ‘The Rise of Free Trade in Western Europe, 1820–1875’ 7. Douglas A. Irwin (1996), ‘Conclusion: The Past and Future of Free Trade’ D Early Skeptics 8. Alexander Hamilton [1791] (1913), ‘The Facilitating of Pecuniary Remittances from Place to Place’ and ‘The Facilitating of the Transportation of Commodities’ 9. R. Torrens [1833] (1958), ‘Letter No. II: To the Editor of the Bolton Chronicle’ 10. Frank D. Graham (1923), ‘Some Aspects of Protection Further Considered’ 11. James Bristock Brigden (1929), ‘Introduction’ 12. John Maynard Keynes (1931), ‘Mitigation by Tariff’ PART II FACTOR PROPORTIONS AND OTHER MODELS A Factor Proportions 13. Bertil Ohlin (1933), ‘Some Fundamentals of International Trade’ 14. R. Dornbusch, S. Fischer and P.A. Samuelson (1977), ‘Comparative Advantage, Trade, and Payments in a Ricardian Model with a Continuum of Goods’ 15. Wassily Leontief (1953), ‘Domestic Production and Foreign Trade: The American Capital Position Re-examined’ 16. Robert Z. Lawrence (2008) ‘Wage Inequality and Trade’ B Investment, Technology and Strategic Trade 17. Stephen Herbert Hymer (1976), ‘The Theory of International Operations’ 18. Raymond Vernon (1966), ‘International Investment and International Trade in the Product Cycle’ 19. G.C. Hufbauer (1966), ‘Conclusions’ 20. Thomas Horst (1971), ‘The Theory of the Multinational Firm: Optimal Behavior under Different Tariff and Tax Rates’ C Scale Economies, Agglomeration and Fragmentation 21. Paul R. Krugman (1979), ‘Increasing Returns, Monopolistic Competition, and International Trade’ 22. Alan V. Deardorff (2001), ‘Fragmentation in Simple Trade Models’ D Services Trade 23. Sherry M. Stephenson (2002), ‘Regional versus Multilateral Liberalization of Services’ 24. Gene M. Grossman and Esteban Rossi-Hansberg (2008), ‘Trading Tasks: A Simple Theory of Offshoring’ 25. Bernard Hoekman, Aaditya Mattoo and André Sapir (2007), ‘The Political Economy of Services Trade Liberalization: A Case for International Regulatory Cooperation?’ 26. J. Bradford Jensen and Lori G. Kletzer (2008), ‘“Fear” and Offshoring: The Scope and Potential Impact of Imports and Exports of Services’ PART III TRADE FRICTIONS AND TRANSITION PAINS A Transaction Costs 27. John McCallum (1995), ‘National Borders Matter: Canada-U.S. Regional Trade Patterns’ 28. David Hummels, Jun Ishii and Kei-Mu Yi (2001), ‘The Nature and Growth of Vertical Specialization in World Trade’ 29. Antoni Estevadeordal, Brian Frantz and Alan M. Taylor (2003), ‘The Rise and Fall of World Trade, 1870–1939’ B Exchange Rates, Domestic Distortions and Adjustment Costs 30. J.E. Meade (1955), ‘The Case for Variable Exchange Rates’ 31. Jagdish Bhagwati and V.K. Ramaswami (1963), ‘Domestic Distortions, Tariffs and the Theory of Optimum Subsidy’ 32. Lori G. Kletzer (2001), ’Who Are Import-Competing Displaced Workers?’ and ‘Where Are Import-Competing Displaced Worked Reemployed?’ 33. Howard Rosen (2008), ‘Designing a National Strategy for Responding to Economic Dislocation’ Volume II Acknowledgements An Introduction to both volumes by the editors appears in Volume I PART I POLITICS AND INSTITUTIONS A Politics of Protectionism 1. Anne O. Krueger (1974), ‘The Political Economy of the Rent-Seeking Society’ 2. Edward John Ray (1981), ‘Tariff and Nontariff Barriers to Trade in the United States and Abroad’ 3. Gary S. Becker (1983), ‘A Theory of Competition Among Pressure Groups for Political Influence’ 4. Ronald Rogowski (1989), ‘Why Changing Exposure to Trade Should Affect Political Cleavages’ 5. Robert E. Baldwin and Christopher S. Magee (2000), ‘Is Trade Policy for Sale? Congressional Voting on Recent Trade Bills’ 6. Michael J. Hiscox (2001), ‘Class Versus Industry Cleavages: Inter-Industry Factor Mobility and the Politics of Trade’ B Forces of Liberalization 7. Douglass C. North (1981), ‘The Issues’ and ‘Structure and Change in the American Economy, 1789–1914’ 8. Mancur Olson (1982), ‘Jurisdictional Integration and Foreign Trade’ 9. I.M. Destler (2005), ‘The Root Problem: Political Imbalance’ and ‘The 1934 System: Protection for Congress’ C GATT and the WTO 10. Andrew K. Rose (2004), ‘Do We Really Know That the WTO Increases Trade?’ 11. Arvind Subramanian and Shang-Jin Wei (2007), ‘The WTO Promotes Trade, Strongly but Unevenly’ 12. Jeffrey J. Schott (2011), ‘The Future of the Multilateral Trading System in a Multi-Polar World’ D Preferential Trade Agreements 13. Jacob Viner (1950), ‘The Economics of Customs Unions’ 14. Jagdish Bhagwati (1993), ‘Regionalism and Multilateralism: An Overview’ 15. Kyle Bagwell and Robert W. Staiger (1999), ‘An Economic Theory of GATT’ 16. Richard E. Baldwin (1999), ‘A Domino Theory of Regionalism’ 17. C. Fred Bergsten (1996), ‘Competitive Liberalization and Global Free Trade: A Vision for the Early 21st Century’ PART II FREE TRADE, FASTER GROWTH? A Trade Advocates 18. Bela Balassa (1978), ‘Exports and Economic Growth: Further Evidence’ 19. Jeffrey D. Sachs and Andrew Warner (1995), ‘Economic Reform and the Process of Global Integration’ 20. Jeffrey A. Frankel and David Romer (1999), ‘Does Trade Cause Growth?’ 21. L. Alan Winters, Neil McCulloch and Andrew McKay (2004), ‘Trade Liberalization and Poverty: The Evidence so Far’ 22. Scott C. Bradford, Paul L.E. Grieco and Gary Clyde Hufbauer (2005), ‘The Payoff to America from Global Integration’ 23. Caroline Freund and Bineswaree Bolaky (2008), ‘Trade, Regulations, and Income’ B Modern Skeptics 24. Raúl Prebisch (1959), ‘Commercial Policy in the Underdeveloped Countries’ 25. Ross Perot and Pat Choate (1993), ‘A Giant Sucking Sound’ 26. Francisco Rodríguez and Dani Rodrik (2000), ‘Trade Policy and Economic Growth : A Skeptic's Guide to the Cross-National Evidence’ Name Index

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Book SynopsisTrade negotiations are complex interactive processes that bring a combination of existing trade law, the pleadings of special interests and economic theory together in the give and take of compromise, bluff and strategic alliances.Trade disputes involving food and other agricultural products - controversial subjects such as genetically modified foods and Creutzfeldt-Jakob disease - are the subject of newspaper headlines almost daily. As developing countries demand improved access to European and US markets for their products, international trade has moved into a new era and is now at the heart of trade negotiations.Economic Analysis for International Trade Negotiations provides an analytical framework in which to examine the complex economic issues which arise in international trade negotiations. This framework is developed using examples arising from current contentious issues in the international trade in agricultural products including market access, subsidies, non-tariff barriers, health regulations and biotechnology. The volume concludes with a discussion on the future of trade.Providing a link between economic theory and the WTO, this comprehensive volume will be of great interest to academics specialising in international trade, international relations, agri-business and international business.Trade Review'This book has much to commend itself to those interested in the intricacies of trade negotiations, particularly in agriculture.' -- Jaleel Ahmad, The Journal of International Trade and Economic Development'I believe the authors have the merit of providing a unique and useful textbook for an undergraduate class.' -- Giovanni Anania, European Review of Agricultural Economics'This book is well written and presented in an attractive style . . . deserves a place on the shelves of all serious students of agricultural trade negotiations and the functioning of the WTO.' -- Ken Ingersent, Journal of Agricultural Economics'. . . the book is welcome for bringing together and discussing much of the history and current issues surrounding the WTO and agriculture. Many of the arguments presented are particularly relevant to Australia and New Zealand. It is accessible compared with many other books addressing similar subject matter, and would be of value for a policy analyst who wishes to obtain a quick grasp of issues and theory behind some policy mechanisms. The book would also be useful as a supplementary text for a level two or three course in international trade.' -- Caroline Saunders, The Australian Journal of Agriculture and Resource Economics'This book provides an exceptionally lucid economic analysis of the benefits and losses - the gainers and the losers - from liberalization of international trade. The basic analysis is available to those with limited background in economics, with exceptionally clear use of graphic analysis to provide clear conclusions about the effects of increasing trade. The economic specialist also will find much of interest and value. Clear analyses of some of the very difficult issues facing a new round of trade negotiations, with special emphasis on genetically modified products, are presented. The authors make it clear that there are no easy answers to the conflicts that already exist or are likely to exist in the future with respect to such products. Labelling is a superior alternative to embargoes, but labelling may involve substantial costs for many food products and the costs could exceed reasonable estimates of the benefits. But with our present state of knowledge, the estimation of benefits is subject to great uncertainty. The probable negotiating positions of the major participants in a new round of negotiations are delineated with both clarity and fairness. It seems obvious that if the negotiations deal solely with agriculture that the prospects for success are limited; some liberalization of agricultural trade probably can occur only if the negotiations cover the full range of international trade. In negotiations on agricultural trade, governments give very little weight to the interests of the major beneficiaries of lowering trade barriers, namely the consumers.' -- D. Gale Johnson, University of Chicago, USTable of ContentsContents: Preface 1. Introduction to the Issues 2. Modelling Trade for Policy Analysis 3. Unfinished Business 4. New Challenges 5. Trade in the 21st Century References Index

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Book SynopsisThe WTO has laid the foundations for a new era of trade relations, and increased trade liberalization has improved global efficiency in production and consumption. The strengthening of trade rules, however, has increased the scope for disputes over interpretations of more extensive and complicated agreements, and has spilt over into environmental and scientific matters. One of the unforeseen consequences of the WTO agreements has been controversy over risk. This volume explores aspects of risk with special reference to the WTO, where national instruments to reduce risk may conflict with international trade rules.The book is divided into sections dealing with: accounting for risk in trade agreements risk and the WTO managing risk in policy making negotiating experience with risk national risks and quarantine standards managing biotechnology. The chapters offer many perspectives on risk assessment and benefit from a rich diversity of approaches as befits contributions from authors with backgrounds in law, economics, political science and environmental and natural science as well as policy making.Globalization and the Environmentis a fascinating book that will draw its readership from these fields.Trade Review'There are two good reasons to read Robertson and Kellow's book on the WTO. First, the book offers a unique opportunity to get an inside, to learn how the WTO itself conceives of its role in environmental matters and of the criticism put forward by the anti-globalization movement. Secondly, individual chapters in the book extensively deal with topics relevant to international environmental negotiations from a WTO perspective: the role of risk in multi-lateral environmental agreements, risk communication and biotechnology, and GM food and global trade.' -- Hein-Anton van der Heijden, Environment Politics'As becomes clearer each day, the new global trade regime of the WTO is radically different in fundamental respects from its predecessor, the GATT. This book presents a most intriguing and innovative perspective on a cross-cutting issue of increasing importance: risk assessment. How will risk assessment and risk management affect the evolution of the multilateral rules-based system? Read this book and start thinking about it.' -- Sylvia Ostry, University of Toronto and Munk Centre for International Studies, CanadaTable of ContentsContents: Preface Part I: Risk and the WTO Part II: Managing Risk in Policy Making Part III: Negotiating Experience with Risk Part IV: National Risks and Quarantine Standards Part V: Managing Biotechnology Part VI: Concluding Summary Appendix Index

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Book SynopsisThis book is the first in English to comprehensively examine the French economy and how it is adjusting to the exigencies of an increasingly globalized environment. The opening of the French market to international competition has forced recent governments to realize that the old closed model in which France had considerable autonomy over policy is no longer valid. French solutions to domestic problems had to be given up in the early 1980s. Changes in technology have had dramatic impacts on the comparative advantage of French producers and the necessary restructuring has been far from easy. These twin aspects of globalization have also altered the situation of France's various regions and urban economies and the highly centralized structure has come under pressure. This has forced a change in the thinking of French public and private sector leaders. The role of the state, the degree of intervention, the extent of control over the domestic economy, and the need to be accommodative to market forces have all been subject to public debate and to fundamental reconsideration. While this is a book on the French economy, Kresl and Gallais deal with issues, challenges, and processes of change and adaptation that are facing all of Europe, and indeed all industrialized economies. Economists, political scientists, business scholars and anyone interested in globalization will find this comprehensive study engaging and topical.Trade Review'There is much of interest here, and the authors provide background information and digressions that make their analysis more accessible to noneconomists.' -- M. Veseth, ChoiceTable of ContentsContents: Preface 1. France Encounters Globalization 2. The French Economy since the Second World War 3. The Role of the State in the French Economy 4. France’s External Economic Relations 5. Employment, and Incomes 6. Economic Structure, Restructuring and Development of Output 7. Decentralization: Regions and Cities 8. Prospects for the French Economy References Index

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Book SynopsisThis book aims to integrate the notions of contagion in epidemiology and contagion in financial market crises to discover why emerging markets are so susceptible to financial crises. The author first provides a brief introduction of the contagious spill-over of recent financial market crises and models the pattern of these crises. He finds that the contagion between crises in emerging markets, such as that of the crises in Russia and Brazil in 1998-1999, is explicable, despite the fact that at first sight they appear to have little in common. Finally, Friedrich Sell integrates these findings to outline a proposal for a 'new international financial architecture'.This groundbreaking book will be of interest to scholars of financial economics, emerging economies and international money and finance.Table of ContentsContents: Foreword 1. Introduction 2. Contagious Financial Crises in Economic History and in the Recent Past 3. Explaining the Onset of Financial Market Crises in Emerging Markets 4. ‘Contagion’: What is it and Who is Susceptible to it? 5. A Simple Model of Contagious Financial Crises 6. The New International Financial Architecture 7. Final Remarks Bibliography Index

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Book SynopsisCompetitiveness is one of the key themes in the current debate about national economic performance. A vast array of statistical data is usually assembled by national governments to demonstrate a closing or widening of productivity or trade 'gaps' with other countries or groups of countries. The authors of this book argue that far too little attention has been paid to the often subtle, but highly significant, organisational and cultural characteristics which underpin production and trade in a globalised economy. Dimensions of Competitiveness suggests that awareness of the impacts of this neglected dimension of competitiveness can, together with appropriate corrective action, significantly improve corporate and national performance.While considering a variety of more conventional dimensions of international competitiveness, the authors challenge many established tenets. A number of policy prescriptions are outlined as a result. Attention is also paid to some of the key distributive and infrastructural roles in enhancing international competitiveness including facilitating labour and capital mobility and providing efficient transport systems.Trade Review'It can be seen that this well-produced book covers a big field and there will be something in it to interest most economists.' -- Graham Bannock, The Business Economist'This collection makes a considerable step beyond the theories of Ricardo and Krugman, probing the nitty-gritty of international competitiveness and its underlying determinants at the organisational level.' -- F.M. Scherer, Harvard University and Princeton University, US'Competitiveness is much discussed, but little understood. Scholarly empirical research on the topic is surprisingly rare. Understanding the connection between national culture, human resource management, industrial policy and the other dimensions of competitiveness requires an interdisciplinary perspective. Here at last is a good interdisciplinary collection of papers which provides significant insights into the determinants of national competitiveness within the modern global economy.' -- Mark Casson, University of Reading, UKTable of ContentsContents: Preface by Ross E. Catterall Introduction: Conceptual Issues and International Competitiveness Part I: Organisational and Cross-Cultural Issues in International Competitiveness Part II: Financial, Productive and Distributive Issues in International Competitiveness Bibliography Index

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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

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Book SynopsisThis highly topical book examines the development and future prospects for economic and monetary union in Europe. European Monetary Integration examines the background to economic and monetary union from a historical perspective that distinguishes between national and supranational currency areas, and an optimal currency area theory. The gradualist transition process is also considered. The authors, leading academics from five European countries, consider the principal economic policies to be followed in achieving economic and monetary union. The role of the European central banks and monetary policy is examined, along with fiscal policy in monetary union and the operation and policies of the labour markets. The authors discuss the economic relationships between the euro area and other European economies including the transition and accession economies of Eastern Europe.Trade Review'In European Monetary Integration, the editors E.J. Pentecost and A. van Poeck, put together a series of papers that provide a useful overview of the continuing efforts by the European Union to establish, maintain, and extend a common European currency. The editors have done well in presenting analyses that cover the past of the system before addressing the current and future issues . . . European Monetary Integration presents a series of informative papers that provide well-balanced expositions of empirical material and analyses. The collection is quite appropriate for an audience with less-profound knowledge of the issues.' -- Antony P. Mueller, Journal of Markets & Morality'This book is an excellent contribution to the understanding of the past, present and future of the European monetary integration . . . This book is written in a very pedagogical manner and should be part of the literature for graduate and undergraduate students of monetary economics.' -- Estela Bee Dagum, Recensioni e Segnalazioni BibliograficheTable of ContentsContents: Preface 1. The Historical Background to European Monetary Union Part I: EMU: The Past, 1979–99 2. The Political Economy of Transition to Monetary Union in Western Europe 3. German Monetary Unification and its Implications for EMU 4. The Theory of Monetary Union and EMU Part II: Present Issues for EMU 5. Monetary Policy in EMU 6. Fiscal Policy in EMU 7. EMU and European Unemployment Part III: The Future: Beyond 2000 8. ERM-II: Problems for the ‘Outs’ and their Relationship with the ‘Ins’ 9. Exchange Rate Strategies of New EU Entrants References Index

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Book SynopsisThis stimulating book addresses the relationship between market authority and political authority - a favourite theme of Susan Strange to whom the book is dedicated. From a survey of the bias against capital liberalisation in economic thought to an analysis of the US role in global monetary affairs, it discusses how and why free capital flows contribute to the instability of the global capitalist system. The internationally renowned contributors analyse the history and theory of international capital flows to make sense of contemporary global investments and what they mean for global polity and the economy. They argue over the challenges of integrating large developing countries into a liberal world order and the consequences of the multilateral system for the world's poor. In further discussions they investigate the sustainability of global capitalism in light of financial crises, widespread inequality and the uncertain future for traditional welfare states. They also advance various mechanisms through which they believe greater stability and equity could be introduced into the global financial system and the world economy. Implicit in these arguments is the shared belief that tensions between visions of a rule-based, liberal world and concepts of a more equitable distribution of resources drive most of the major conflicts in the global economy.Investigating the economic, political and social drawbacks of volatile global finance, and the human choices required to introduce stability, equity and a sense of purpose to the world economy, Markets and Authorities will be an invaluable addition to the fields of economics, political science, political economy and international business.Table of ContentsContents: Preface Introduction 1. The ‘Home Bias’ Approach in the History of Economic Thought: Issues on Financial Globalisation from Adam Smith to John Maynard Keynes 2. Benign Neglect 3. Musings on the World Political Economy of the Future: A Plural Global System? 4. Global Poverty and the Rich-Country Racket 5. Pensioners to the Casino 6. Private Power and Public Authority Postscript Index

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Book SynopsisOne of the major effects of the continual process of European integration is the growing importance of transnational institutions and the accompanying legal harmonization. Such institutional changes have led to a seemingly irreversible transformation in public decision making, whereby power at the national level is displaced to the European and regional levels. This essential book provides a law and economics analysis of the challenges arising from these shifts in authority.The process of harmonization is investigated from a normative point of view, in order to examine whether a uniform legal framework should be promoted. On the positive side, the goal is to assess the efficiency of this process and its impact on public policies. The authors then turn to applied issues and propose an agenda for future research. The book comprehensively covers both private and public law, as well as applied and theoretical issues. The authors analyse the legal debate from a new political economy perspective, offering diverse and sometimes contrasting views.The Economics of Harmonizing European Law highlights the debate between competition and harmonization which will be sure to shape the future of Europe. It should be read by students and scholars of law and economics, and European policymakers. It will also provide a valuable reference in the field of law harmonization for law practitioners.Table of ContentsContents Preface Introduction: The economics of the constitutional moment in Europe Jean-Michel Josselin and Alain Marciano PART ONE COMPETITION AND HARMONIZATION 1 Regulatory competition or harmonization of laws? Guidelines for the European regulator Roger Van den Bergh 2 How to predict the differences in uniformity between different areas of a future European private law? An evolutionary approach Jan M. Smits 3 Legal culture as (natural?) monopoly Anthony Ogus 4 Judicial competition, legal innovation and European integration: an economic analysis Sophie Harnay and Isabelle Vigouroux PART TWO HARMONIZATION IN PRACTICE 5 European Union and public utility: a virtuous grouping? Lessons from the reorganization of Corsican external transport Thierry Garcia and Xavier Peraldi 6 The economics of harmonizing law enforcement Nuno Garoupa 7 Product liability and product safety in a federal system: economic reflections on the proper role of Europe Michael G. Faure 8 Vocational qualifications and the European labour market: the challenges and the prospects Jean-Baptiste Calendini and Christophe Storaï 9 Decentralized interregional cooperation in Europe Sylvie Graziani and Michel Rombaldi PART THREE COMPETITIVE DEMOCRACY AND THE FUTURE OF EUROPE 10 A Europe of variety, not harmonization Bruno S. Frey 11 Enlargement of the European Union and the Approximation of Law: lessons from an economic theory of optimal legal areas Dieter Schmidtchen, Alexander Neunzig and Hans-Jörg Schmidt-Trenz 12 Legal and economic principles for the common administrative law in Europe Jürgen G. Backhaus Index

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Book SynopsisThis book provides one of the first interdisciplinary reviews of the relationship between services, globalisation and trade liberalisation as we enter the twenty-first century. Written by academics and policymakers, it contains a detailed analysis of the characteristics of service trade and of recent and current service trade negotiations. The authors focus on exploring the complex relationship between the process of globalisation and the globalisation of services taking into consideration service trade negotiations. Many service functions reduce the relative distance between places and more importantly enable the process of globalisation. The globalisation of service functions is complex. Services are different from goods as they depend on human capital (embodied knowledge and reputations) and have to be localized to meet specific cultural and political requirements. The General Agreement on Trade in Services (GATS) needs to be informed by an understanding of the differences that exist between goods and services as well as by the processes by which services globalise. The GATS has to be more than just about quantitative-based policies but also has to explore national regulations that inhibit trade in services. This book will be of special interest to economists, geographers and policymakers with a specific involvement in service trade and trade liberalization.Trade Review'Globalisation is a new phenomenon in our economic history. The way our service economy responds to this mega trend is largely unknown. This volume brings together a unique collection of original studies on trading services in a global economy. They all open up new horizons of refreshing insights in a complex phenomenon.' -- Peter Nijkamp, VU University Amsterdam, The Netherlands'This is an outstanding compilation of new materials by some of the leading authors in this field. They demonstrate fundamental understanding of the issues and provide a penetrating perspective that can only be fully appreciated by those with a global viewpoint.' -- Kingsley E. Haynes, George Mason University, USTable of ContentsFull Contents: Preface 1. The Relationship between Services and Globalisation Part I: Globalisation and Services: Concepts and Trends 2. Services in the Age of Globalisation: Explanatory Interrelations and Dimensions 3. The Globalisation of Services in Economic Theory and Economic Practice: Some Conceptual Issues 4. A Comparative Approach to the Internationalisation of Service Industries Part II: Global Trade, Global Investment and Global Management 5. EU Service Trade, with Particular Reference to Business and Professional Services 6. Transaction Modes and the Internationalisation of Business Service Firms in the Haute-Garonne 7. Internationalisation of Commercial Activities: Some Recent Theoretical Contributions and Empirical Evidence 8. ‘Trading’ Business Knowledge between Countries: Consultants and the Diffusion of Management Knowledge Part III: The Liberalisation of Service Trade – The GATS 9. Services Trade and Globalisation: Governmental Services and Public Policy Concerns 10. The Liberalisation of International Trade in Services: Issues of Competence and Legitimacy for the GATS – and the Impact of its Rules on Institutions 11. GATS 2000: The Issues at Stake, An EC Perspective 12. An American Policy Perspective on Service Trade: The Views of the Coalition of Service Industries on the United States Negotiating Objectives for Services at the Seattle WTO 13. Developing Countries and the GATS 2000 Round 14. A Real Single Market for Services? Index

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Book SynopsisTaiwan has become a significant player on the world stage in many areas and has developed a distinct international profile and influence. Its pro-active foreign policy firmly reminds the world of a new political entity's achievement, aspirations and unfulfilled ambitions. This pioneering book discusses Taiwan's pragmatic diplomacy as a way of seeking legitimacy, survival and development for a burgeoning nation-state, against the dynamic changes in domestic and international scenes and tumultuous relations with China. With special reference to Taiwan's relations with Southeast Asia, a key region in Taiwan's international linkages, the book investigates three major pillars sustaining Taipei's unorthodox diplomacy. These three pillars are: Taiwan's investment and trade prowess, and the global networks built by its business elite; its special relations with global ethnic Chinese communities; and transnational activism of Taiwan's political, social and religious groups, in a so-called 'total diplomacy'.Political Scientists, students and international policy makers along with anyone interested in the changing role of China and Taiwan on the world stage will find this book lively and informative.Trade Review'The title of this book does not do it justice, for the book ranges far beyond Taiwan's diplomacy in Southeast Asia. The most authoritative book published to date on Taiwan's foreign policy (1949 to 2000), it covers Taiwan's foreign relations and diplomacy with Western developed states, the states of Africa and Latin America, Japan, the People's Republic of China, and the countries of Southeast Asia. Based on Chinese and English sources as well as personal interviews and correspondence, Chen Jie presents a wide-ranging, comprehensive view of Taiwan's efforts to gain greater international recognition. . . . Combining impressive scholarship with interesting analysis, Chen Jie presents new ways of understanding why Taiwan acts the way it does and sprinkles the explanations with wry humor. . . . All in all, a tour de force. Summing Up: Essential.'<BR>- S. Ogden, ChoiceTable of ContentsContents: Foreword by J. Bruce Jacobs Introduction 1. Foreign Policy of Taiwan Since Lee Teng-hui: Debut of a New Entity 2. Taiwan’s Relations with the ASEAN Countries: An Overview 3. Taipei’s Economic Diplomacy: A Demystifying Critique 4. Qiaowu: Kuomintang’s Historical Cross as New Taiwan’s Asset 5. ‘Total Diplomacy’: Parliamentarians, Parties, and NGOs References Index

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Book SynopsisGlobalizing Europe examines the involvement of the European Union in the deepening integration that results as trade and transnational production link markets and economic systems across the world. This process is posing a unique challenge to European decision-makers to implement measures that will maximize the benefits and reduce the costs of globalization. As Europe expands and becomes more integrated it is being obliged to assume greater control over the development of its external economic relations. To effect this, the authors propose that member states play a more active and constructive role in the global political economy. They advocate the planning and implementation of major initiatives that could ensure greater stability in the world economy. Because of the magnitude of the economic bonds developing between the EU and the USA, special attention is paid to the trends and issues associated with the evolution of Atlantic relations. One of the greatest challenges the authors highlight, and a theme implicit throughout the book, is that the EU's external problems may receive inadequate attention due to the complexities of its decision processes. EU-level decision-making may become more introspective, rather than global, in outlook.Combining firm, industry, regional and country levels of analysis with the diverse and provocative views of the authors, this book will be essential reading for scholars of international economics, international political economy, and international business and finance.Trade Review'The contributors to this volume are internationally recognised scholars in the field. The result is an extremely comprehensive and authoritative assessment of European integration, particularly from an economic-political perspective.' -- Economic Outlook and Business ReviewTable of ContentsContents: Preface Introduction 1. The European Union in the Global Economy at the Millennium 2. Globalizing Europe: The Overall Picture 3. Specialization Matters, and so does Technological Accumulation: The Case of Europe 4. Mergers and Acquisitions in Globalizing Europe 5. Corporate Restructuring, Corporate Strategy and European Integration 6. European Welfare States: Regionalization, Globalization and Policy Change 7. The EU in World Finance 8. The Changing Nature and Determinants of EU Trade Policies 9. Macroeconomic Management in the European Union 10. European Macroeconomic Policy Interdependencies 11. European Union Planning for International Economic Cooperation Index

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Book SynopsisThe events in Seattle and other cities around the world demonstrate that globalisation and trade liberalisation are currently under severe pressure. There are also reasons to believe that these pressures are being translated into measures to increase the protection of domestic markets. This book addresses what are arguably the four most important origins of these pressures: macroeconomic conditions, labour policy, trade and the environment, and market imperfections.The authors first address the role of macroeconomic conditions and policies, and demonstrate how these can have a crucial role in explaining 'slippages' of trade policy. The second origin of instability is labour policy, in particular the pressures to introduce universal labour standards. The third economic origin the book considers is the relationship between trade and the environment and the attempts to link trade policies to environmental standards. The fourth origin of protectionist pressure comes from the presence of various market imperfections and the extent to which they affect competition. The authors conclude that multilateral agreements can be extremely helpful in creating the right environment for equitable trade policies, but warn that complete success can only be achieved once major hurdles are overcome in the highly controversial and politically sensitive areas of labour, environment and competition.Offering a unique perspective on the threat to globalisation, this book should be widely read by students, practitioners and policymakers in the spheres of international trade, transition and development studies, and competition, labour and environmental economics.Table of ContentsContents: Preface and Acknowledgements Introduction: The Stability of Trade Policy and Multilateral Agreements Part I: Trade and Macroeconomic Policy 1. Exchange Rate Overvaluation and Trade Protection: Lessons from Experience 2. Macroeconomic Conditions and Import Surcharges in Selected Transition Economies Part II: Trade and Labour 3. Trade-Labour Link: A Post-Seattle Analysis 4. Paved with Good Intentions: Social Dumping and Raising Labour Standards in Developing Countries Part III: Trade, Environment and Competition 5. Reforming Environmental Policy: Harmonisation and the Limitation of Diverging Environmental Policies 6. The Relationship Between International Trade Policy and Competition Policy Part IV: Multilateral Agreements 7. European Lessons for Multilateral Economic Integration: A Cautionary Tale Index

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Book SynopsisWhile characteristically 'Austrian' themes such as entrepreneurship, economic calculation, tacit knowledge and the temporal structure of capital are clearly relevant to the business firm, Austrian economists have said relatively little about management, organization, and strategy. This innovative book features 12 chapters that all seek to advance the understanding of these issues by drawing on Austrian ideas. Building on existing research in transaction cost economics, agency theory, evolutionary economics and the resource-based theory of the firm, the authors cover a wide range of theoretical and applied topics. These include knowledge management, authority and hierarchy, modularity, corporate restructuring, telecommunications regulation and competitive advantage. They clearly show how Austrian ideas can usefully engage, challenge and extend more mainstream perspectives on economic organization. There are many books on Austrian economics and many more on the theory of the firm, but virtually none that integrate these two bodies of literature. Scholars of Austrian economics and academics interested in strategy, organization and the theory of the firm will draw great value from this insightful book.Trade Review'This volume is a positive contribution to Austrian economics. . . The contributors cast new light on problems that were not considered from the outset as genuine to Austrian economics: this includes theoretical problems, such as property rights, learning, and incentives, as well as empirical, and perhaps more exotic problems from an Austrian point of view, such as corporate governance and industrial organization.' -- Jacques-Laurent Ravix, Journal of Evolutionary Economics'. . . a very interesting book which goes a considerable way towards linking economic analysis of the firm with empirical study of business decisions and with ideas which have been discussed in studies of business policy and management. . . This is a book which calls for, and repays, careful reading.' -- A.L. Minkes, International Journal of Management and Decision Making'This is a most informative book for both the non-specialist and specialist alike. The non-specialist can get a feel for the literature on the entrepreneur whilst the specialist is given some significant ideas that will move forward the debate as to what contributions Austrians can make in the area of the theory of the firm, particularly with a capabilities approach.' -- David Gray, International Journal of Entrepreneurship and Innovation'For researchers interested in Austrian economics and those interested in the theory of the firm the book gives a valuable summary of what can be derived from the Austrian approach to the theory of the firm.' -- Helge Peukert, European Business Organization Law ReviewTable of ContentsContents: Introduction – Entrepreneurship and the Firm: Austrian Perspectives on Economic Organization Nicolai J. Foss and Peter G. Klein 1. Explaining Firms Brian J. Loasby 2. Modularity in Technology and Organization Richard N. Langlois 3. Economic Organization in the Knowledge Economy: An Austrian Perspective Nicolai J. Foss 4. Knowledge: A Challenge for the Austrian Theory of the Firm Pierre Garrouste 5. Schumpeter’s and Kirzner’s Entrepreneur Reconsidered: Corporate Entrepreneurship, Subjectivism and the Need for a Theory of the Firm Wolfgang Gick 6. Economic Organization and the Trade-offs between Productive and Destructive Entrepreneurship Kirsten Foss and Nicolai J. Foss 7. Entrepreneurship, Contracts and the Corporate Firm: Austrian Insights on the Contractual Nature of Business Organization Stavros Ioannides 8. Costs of Contracting, Psychology of Entrepreneurship and Capabilities of Firms Martti Vihanto 9. Do Entrepreneurs Make Predictable Mistakes? Evidence from Corporate Divestitures Peter G. Klein and Sandra K. Klein 10. Telecommunications Mergers and Theories of the Firm 11. Rents and Resources: A Market Process Perspective Jerry Ellig 11. Rents and Resources: A Market Process Perspective Peter Lewin and Steven E. Phelan 12. Resource-Advantage Theory and Austrian Economics Shelby Hunt Index

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Book SynopsisThis book addresses a number of vital economic convergence issues in the European Union. These are both general and specific issues relating to financial and monetary matters as well as social and labour market concerns. The book opens with a discussion of problems of a general nature. Questions posed include: What is the convergence record in the EU so far? Is there a sign of Baumol and Quah's 'convergence clubs' and 'twin peaks'? Have the 'structural funds' of the European Commission made any difference? The authors then analyse questions of a fiscal and monetary nature: Can we expect the monetary policy of the ECB to have similar effects in the EMU member-states, or is it in itself a source of asymmetric shocks? Has EU membership made any difference, with respect to the initial differences in tax revenue structures? Finally the book focuses on questions regarding social and labour markets: Is global economic convergence compatible with sustainable differences in national social protection levels? Does European globalisation force labour markets to 'de-institutionalise' and do European labour markets converge to a 'Third Way' model?Academics and researchers of European studies and economic policy will find this up-to-date book of great interest, as will policymakers and business leaders both affected by and from within the EU.Trade Review'A very detailed and comprehensive book, enriched with a wide range of tables and graphs, which will be of delight to researchers and decision makers.' -- European LibraryTable of ContentsFull Contents: 1. Introduction and Outline Part I: Convergence Between Nations and Regions in the EU: General Issues 2. Regional Adjustment and Convergence in Euro-land 3. A Quarter of a Century of Real GDP and Growth Rate Convergence and Divergence in the EU 4. Convergence or ‘Twin Peaks’? The Spanish Case 5. The Impact of European Structural Funds on Economic Convergence in European Countries and Regions 6. Optimum Currency Area Theory and Monetary Integration as a Gradual Process Part II: Convergence in the EU: Fiscal and Monetary Issues 7. The Impact of EU Membership on Tax Revenue Structures 8. The Propagation of Monetary Policy in Europe Part III: Convergence in the EU: Social and Labour Market Issues 9. Some Theory on the Sustainability of Different Levels of Social Protection in a Monetary Union 10. European Labour Markets under Convergence Pressure 11. Distorted Labour Markets and Revealed Comparative Advantage: A Note on the Single Market and the EU Periphery 12. Social and Employment Policies in the EU: Convergence on a ‘Third Way’ Model? Index

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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