International economics Books

Book SynopsisInternational trade has been one of the most dynamic sub-fields of economics in recent years, with exciting new work on trade under imperfect competition as well as important extensions of existing models. This two volume set of readings synthesizes these contributions, including some rare classic articles as well as a representative selection of the best modern work. The editor's introductions to the volumes, which contain extensive bibliographies, put the readings in perspective and in the process provide an overview of the current state of knowledge in the field.Trade Review'The book is well-referenced and could be useful to students of microeconomics and as a reference text.'Table of ContentsVOLUME I CONTENTS ACKNOWLEDGEMENTS INTRODUCTION PART I INTERNATIONAL EXCHANGE 1. Robert A. Mundell (1968), ‘The Classical System; Transfers, Productivity, and Taxes; and Generalization of the Classical Model’ 2. Makoto Yano (1983), ‘Welfare Aspects of the Transfer Problem’ 3. Avinash Dixit (1983), ‘The Multi-Country Transfer Problem’ 4. Ronald W. Jones (1985), ‘Income Effects and Paradoxes in the Theory of International Trade’ 5. Avinash Dixit (1984), ‘Growth and Terms of Trade under Imperfect Competition’ PART II TRADE POLICY AND THE GAINS FROM TRADE A. Trade Policy in Competitive General Equilibrium 6. Michihiro Ohyama (1972), ‘Trade and Welfare in General Equilibrium’ 7. Avinash Dixit and Victor Norman (1986), ‘Gains from Trade Without Lump-Sum Compensation’ 8. Ronald W. Jones (1969), ‘Tariffs and Trade in General Equilibrium: Comment’ 9. Tatsuo Hatta (1977), ‘A Theory of Piecemeal Policy Recommendations’ 10. Wilfred Ethier (1977), ‘The Theory of Effective Protection in General Equilibrium: Effective-Rate Analogues of Nominal Rates’ B. Trade and Industrial Policy in Oliogopoly 11. James A. Brander and Barbara J. Spencer (1985), ‘Export Subsidies and International Market Share Rivalry’ 12. Jonathan Eaton and Gene M. Grossman (1986), ‘Optimal Trade and Industrial Policy Under Oligopoly’ 13. Avinash K. Dixit and Gene M. Grossman (1986), ‘Targeted Export Promotion With Several Oligopolistic Industries’ 14. James A. Brander and Barbara J. Spencer (1984), ‘Trade Warfare: Tariffs and Cartels’ 15. Victor D. Norman (1989), ‘Trade Policy Under Imperfect Competition: Theoretical Ambiguities - Empirical Regularities?’ C. Trade Policy with Entry, Monopolistic Competition and Increasing Returns 16. Anthony J. Venables (1985), ‘Trade and Trade Policy With Imperfect Competition: The Case of Identical Products and Free Entry’ 17. Ignatius J. Horstmann and James R. Markusen (1986), ‘Up the Average Cost Curve: Inefficient Entry and the New Protectionism’ 18. Wilfred J. Ethier (1982), ‘Decreasing Costs in International Trade and Frank Graham’s Argument for Protection’ 19. Richard Harris (1984), ‘Applied General Equilibrium Analysis of Small Open Economies With Scale Economies and Imperfect Competition’ PART III QUANTITATIVE TRADE RESTRICTIONS 20. Peter Neary (1988), ‘Tariffs, Quotas, and Voluntary Export Restraints With and Without Internationally Mobile Capital’ 21. Rodney E. Falvey (1979), ‘The Composition of Trade within Import-restricted Product Categories’ 22. Jagdish Bhagwati (1965), ‘On the Equivalence of Tariffs and Quotas’ 23. Richard Harris (1985), ‘Why Voluntary Export Restraints are “Voluntary”’ PART IV THE POLITICAL ECONOMY OF TRADE POLICY 24. Anne O. Krueger (1974), ‘The Political Economy of the Rent-Seeking Society’ 25. Jagdish N. Bhagwati and T. N. Srinivasan (1980), ‘Revenue Seeking: A Generalization of the Theory of Tariffs’ 26. Ronald Findlay and Stanislaw Wellisz (1982), ‘Endogenous Tariffs, the Political Economy of Trade Restrictions, and Welfare’ 27. Wolfgang Mayer (1984), ‘Endogenous Tariff Formation’ 28. Arye L. Hillman and Heinrich W. Ursprung (1988), ‘Domestic Politics, Foreign Interests, and International Trade Policy’ PART V DOMESTIC DISTORTIONS AND OPTIMAL POLICY 29. W. M. Corden (1975), ‘Tariffs, Subsidies and the Terms of Trade’ 30. Michihiro Ohyama (1972), ‘Domestic Distortions and the Theory of Tariffs’ 31. W. M. Corden and R. Findlay (1975), ‘Urban Unemployment, Intersectoral Capital Mobility and Development Policy’ 32. Sudhir Anand and Vijay Joshi (1979), ‘Domestic Distortions, Income Distribution and the Theory of Optimum Subsidy’ 33. Dani Rodrik (1987), ‘Policy Targeting with Endogenous Distortions: Theory of Optimum Subsidy Revisited’ VOLUME II PART I PRODUCTION STRUCTURE AND COMPARATIVE STATICS 1. Paul A. Samuelson (1953-54), ‘Prices of Factors and Goods in General Equilibrium’ 2. Ronald W. Jones (1965), ‘The Structure of Simple General Equilibrium Models’ 3. Ronald W. Jones(1971), ‘A Three-Factor Model in Theory, Trade, and History’ 4. J. Peter Neary (1978), ‘Short-Run Capital Specificity and the Pure Theory of International Trade’ 5. F. H. Gruen and W. M. Corden (1970), ‘A Tariff that Worsens the Terms of Trade’ 6. Wilfred Ethier (1974), ‘Some of the Theorems of International Trade with Many Goods and Factors’ PART II THEORIES OF INTERNATIONAL TRADE A: TRADE BASED ON COMPARATIVE ADVANTAGE 7. R. Dornbusch, S. Fischer and P. A. Samuelson (1977), ‘Comparative Advantage, Trade, and Payments in a Ricardian Model with a Continuum of Goods’ 8. Alan V. Deardorff (1980), ‘The General Validity of the Law of Comparative Advantage’ 9. Jaroslav Vanel (1968), ‘The Factor Proportions Theory: The N-Factor Case’ 10. Wilfred J. Ethier (1982), ‘The General Role of Factor Intensity in the Theorems of International Trade’ B: TRADE BASED ON INCREASING RETURNS 11. James R. Melvin (1969), ‘Increasing Returns to Scale as a Determinant of Trade’ 12. Wilfred Ethier (1979), ‘Internationally Decreasing Costs and World Trade’ 13. Paul Krugman (1980), ‘Scale Economies, Product Differentiation, and the Pattern of Trade’ 14. Colin Lawrence and Pablo T. Spiller (1983), ‘Product Diversity, Economies of Scale, and International Trade’ C: TRADE BASED ON OLIGOPOLISTIC COMPETITION 15. James A. Brander (1981), ‘Intra-Industry Trade in Identical Commodities’ 16. Anthony J. Venables (190), ‘International Capacity Choice and National Market Games’ PART III TESTS OF TRADE THEORIES 17. Edward E. Learner (1980), ‘The Leontief Paradox, Reconsidered’ 18. Richard A. Brecher and Ehsan U. Choudhri (1982), ‘The Leontief Paradox, Continued’ 19. Harry P. Bowen, Edward E. Learner and Leo Sveikauskas (1987), ‘Multicountry, Multifactor Tests of the Factor Abundance Theory’ 20. Elhanan Helpman (1987), ‘Imperfect Competition and International Trade: Evidence from Fourteen Industrial Countries’ PART IV INTERNATIONAL FACTOR MOVEMENTS AND MULTINATIONAL CORPORATIONS 21. James R. Markusen (1983), ‘Factor Movements and Commodity Trade as Complements’ 22. Richard E. Caves (1971), ‘International Corporations: The Industrial Economics of Foreign Investment’ 23. Elhanan Helpmann and Paul R. Krugman (1985), ‘Single-Product Firms’ 24. Alasdair Smith (1987), ‘Strategic Investment, Multinational Corporations and Trade Policy’ 25. Ignatius J. Horstmann and James R. Markusen (1992), ‘Endogenous Market Structures in International Trade (Natura Facit Saltum)’ 26. Paul Krugman (1991), ‘Increasing Returns and Economic Geography’ PART V UNCERTAINTY 27. Elhanan Helpman and Assaf Razin (1978), ‘The Protective Effect of a Tariff under Uncertainty’ 28. James E. Anderson (1981), ‘The Heckscher-Ohlin and Travis-Vanek Theorems Under Uncertainty’ 29. David M. G. Newbery and Joseph E. Stiglitz (1984), ‘Pareto Inferior Trade’ 30. Avinash Dixit (1987), ‘Trade and Insurance With Moral Hazard’ PART VI REAL FOUNDATIONS OF INTERNATIONAL MACROECONOMICS 31. W. E. G. Salter (1959), ‘Internal and External Balance: The Role of Price and Expenditure Effects’ 32. Rudiger Dornbusch (1974), ‘Tariffs and Nontraded Goods’ 33. Peter Neary (1988), ‘Determinants of the Equilibrium Real Exchange Rate’ 34. Lars E. O. SVENSSON AND ASSAF RAZIN (1983), ‘THE TERMS OF TRADE AND THE CURRENT ACCOUNT: THE HARBERGER-LAURSEN-METZLER EFFECT’ 35. Sweder van Wijnbergen (1992), ‘Trade Reform, Policy Uncertainty and the Current Account: A Non-Expected-Utility Approach’ 36. Paul Krugman (1987), ‘The Narrow Moving Band, the Dutch Disease, and the Competitive Consequences of Mrs. Thatcher: Notes on Trade in the Presence of Dynamic Scale Economies’ PART VII TRADE, TECHNOLOGY AND GROWTH 37. Ronald Findlay (1980), ‘The Terms of Trade and Equilibrium Growth in the World Economy’ 38. Robert C. Feenstra and Kenneth L. Judd (1982), ‘Tariffs, Technology Transfer, and Welfare’ 39. Elhanan Helpman (1988), ‘Growth, Technological Progress, and Trade’ 40. Gene M. Grossman and Elhanan Helpman (1990), ‘COMPARATIVE ADVANTAGE AND LONG-RUN GROWTH’

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Book SynopsisAs leading enterprises increasingly recognize the need for global strategy in the face of a continually competitive business environment, they also need to assess a greater heterogeneous range of possible paths to growth. This accomplished book offers an empirical analysis of some of these possibilities.Drawing on a large database of multinational firms, it investigates, for the first time, a series of important issues within an internally consistent ideological framework. It tests the determinants of the internationalization of sales by analysing overseas production ratio, parent export ratio, overseas sales ratio and sourcing ratio. It also analyses industrial diversification as an alternative route to growth.The Growth and Evolution of Multinational Enterprise will be of great interest to researchers and professional economists specializing in multinational companies, industrial economics and international business.Table of ContentsIntroduction; determinants of internationalization; overseas production and exporting performance; the determinants of industrial diversification; industrial and geographical diversification; complements or substitutes?; summary and conclusions.

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Book SynopsisMultinational Investment in Modern Europe addresses the theoretical explanations for increased multinational investment and activity comparing Europe, Japan and America. It then focuses upon the consequences of cross-investment and strategic interaction between multinationals operating within the EC, paying particular attention to the impact on the competitiveness and technological capacity of selected countries and firms. It is suggested that the restructuring of the European networks of multinationals is affecting the geographical division of labour between EC countries.In conclusion, it examines patterns of national specialization by trade within the EC and changing business-government relationships.Containing new work by an international group of leading economists, this stimulating and instructive book will be invaluable to all those interested in multinational investment and the future of the European economies after the completion of the single market.Table of ContentsContents: 1. Introduction (J. Cantwell) 2. Cross-Investments between Japan and the EC: Income Similarity, Technological Congruity and Economies of Scope (T. Ozawa) 3. Direct Investment between the United States and the European Community Post-1986 and Pre-1992 (E.M. Graham) 4. Intra-Industry Direct Investment in the European Community: Oligopolistic Rivalry and Technological Competition (J. Cantwell and F. Sanna-Randaccio) 5. The Belgian Metalworking Industries and the Large European Internal Market: the Role of Multinational Investment (D. van den Bulcke and P. de Lombaerde) 6. Cross-Investments between France and Italy and the New European Strategies of Industrial Groups (J. Savary) 7. Trade and Direct Investment within the EC: the Impact of Strategic Considerations (N. Acocella) 8. Cross-Direct Investment and Technological Capacity in Spanish Domestic Firms (J.J. Durán Herrera) 9. European Integration and the Pattern of FDI Inflow in Portugal (V.C. Simões) 10. Cross-Investment in the EC Banking Sector (P.A. Campayne) 11. Multinational Corporations and the Single European Market (G.N. Yannopoulos) 12. Multinational Investment in the EC: Some Policy Implications (J.H. Dunning)

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Book SynopsisSocialist Economies in Transition provides a coherent critique of economic reform in Eastern Europe which, it is argued, will create not prosperity but high levels of unemployment and severe economic dislocation. The authors show how the application of neoclassical economic theory will, in reality, prove unsuccessful and explain why, despite the revolutionary upheavals of 1989 and the immense effort to discard the restraints of planning, the intuitive mechanisms and practices of the free market have been so slow to appear.This volume offers an alternative route to economic reform, based on post Keynesian and Kaleckian traditions that combine individual diversity with control over the key sectors of the economy to maintain an acceptable level of stability and growth.This exciting and provocative book will be essential reading for all those concerned with the political economy of Eastern Europe.Trade Review'This excellent collection of articles serves as an argument for caution in interpreting where the formerly socialist economics are going. . . or why they began their transition to whatever in the late 1980s. . . This book provides a valuable collection of essays coherently addressed to this important historical moment and process. . . Social economists should be particularly interested in this book's descriptions of, and central concern with, the social costs of these historical transformations. The essays are uniformly well written and easily accessible to an undergraduate student.' -- Christopher J. Niggle, Review of Social EconomyTable of ContentsBehind the crisis in centrally planned economies, Christine Rider and Mark Knell; justifying the need for reform - the price-theoretic approach, Christine Rider; transitions from centrally planned to market economies, Christian Gehrke and Mark Knell; Michal Kalecki and early attempts to reform the Polish economy, Tadeusz Kowalik; effective demand and the transformation of socialist economies, Edward Nell; from a command toward a market economy - the Polish experience, Kazimierz Laski; the market transformation of state enterprises, Branko Horvat; failure of monetary restriction in Hungary and Yugoslavia - a post Keynesian interpretation, Shirley J. Gedeon; state monopolies and marketization in Poland, Helena Sinoracka; whatever happened to the East German economy, Heinz D. Kurz; lessons from China on a strategy for the socialist economies in transition, Mark Knell and Wenyan Yang; conclusion - implications for socialist economies in transition, Mark Knell and Christine Rider.

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Book SynopsisHerbert Giersch's contribution to economics has ranged widely over international economics, European integration and the economics of entrepreneurship. This book presents in one volume a selection of some of his most important essays and papers. It encompasses the gradual evolution of his work from its beginnings to his most recent contributions to the debate on the future of the European Economic Community. It contains some of his most significant work during the last 30 years and includes material that is not widely available.It will be an essential reference point for all economists concerned with entrepreneurship, the world economy and Europe.Trade Review'Herbert Giersch has been an influential economist for almost half a century and this collection of his work is a worthy inclusion in the Economists of the Twentieth Century series.' -- Allan Webster, The Economic JournalTable of ContentsContents: Part I: Roots Part II: International Trade Part III: European Economic Integration Part IV: A Schumpetarian Perspective on the World Economy

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Book SynopsisThis book brings together an important body of new essays on key economic problems and challenges of the 1990s. The essays provide new perspectives on key issues including economic development, East Europe, 1992, the US trade deficit, protectionism, the unification of Germany, privatization and many other topical issues. The papers included in the volume were presented at a conference organized by Paul Davidson and Jan Kregel and organized around three basic areas: problems of economic development, debt and the international payments system; integration and reconstruction of Western and Eastern Europe; and problems facing the US economy. The contributors represent an international group of distinguished economists. Economic Problems of the 1990s is an essential reference point for all economists concerned with economic problems and prospects in the late 20th century. It provides readers with an understanding of the problems facing the international economy and with innovative suggestions for solutions.Table of ContentsContents: Introduction: Economic Development, Debt and International Finance 1. The Terms of Trade of Primary Commodities, Debt and Development (A.P. Thirlwall) 2. Banking on Capital Flight (W. Darity, Jr) 3. Hyperinflation and Stabilization in Brazil: The First Collor Plan (L.C.B. Periera and Y. Nakano) 4. A Post-Keynesian Approach to Inflation, High Inflation and Hyperinflation (F.J. Cardim de Carvalho) 5. What International Payments Scheme Would Keynes Have Recommended for the 21st Century? (P. Davidson) 6. A German Perspective on the European Single Market and E.M.U (S. Frowen) 7. Alternative Economic Analyses of German Monetary and Economic Unification: Monetarist and Post-Keynesian (J.A. Kregel) 8. Should There be a Marshall Plan for Eastern Europe? (I. Adelman) 9. Low Saving Rates and the ‘Twin Deficits’: Confusing the Symptoms and Causes of Economic Decline (R.A. Blecker) 10. Efficiency, Rent-seeking and Privatization: Ten Propositions (J.D. Donahue) 11. Public and Private Sector Relationships in the Age of Privatizations (R.C. Moe)

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Book SynopsisThis important volume focuses on the origins, growth and impact over time of multinational banks. Why have banks established branches in foreign countries? What do such banks do? How have they performed? What has been the developmental impact of international banking? How has multinational banking changed over time? Why have banking activities clustered in international financial centres such as New York, Tokyo and London? The articles in this selection cover a wide range of national experiences including those of the United States, Canada, Europe, Latin America and the Middle East. The volume brings together literature from a range of disciplines, including banking, economics and business history in a comprehensive collection of the best articles published on the development of multinational banks.Trade Review'Every good library should have a copy.'Table of ContentsContents Introduction Part I. Concepts 1. Herbert G. Grubel (1977), ‘A Theory of Multinational Banking.’ 2. Jean.M. Gray and H. Peter Gray (1981), ‘The Multinational Bank: A Financial MNC?’ 3. Robert Z. Aliber (1984), ‘International Banking: a Survey.’ 4. Adrian E. Tschoegl (1987), ‘International Retail Banking as a Strategy: an Assessment.’ 5. Inglo Walter and H. Peter Gray (1983), ‘Protectionism and International Banking.’ 6. Manijeh Sabi (1987), ‘An Application of the Theory of Foreign Direct Investment to Multi-National Banking in LDCs.’ Part II. Growth of Multinational Banking 7. Charles P. Kindleberger (1983), ‘International Banks as Leaders or Followers of International Business: An Historical Perspective.’ 8. Albert Baster (1934), ‘The Origins of British Banking Expansion in the Near East.’ 9. P.L. Cottrell (1969), ‘London Financiers and Austria 1863-1875: The Anglo-Austrian Bank.’ 10. Neil C. Quigley (1989), ‘The Bank of Nova Scotia in the Caribbean.’ 11. Thomas F. Huertas (1990), ‘US Multinational Banking: History and Prospects.’ 12. Adrian E. Tschoegl (1982), ‘Foriegn Bank Entry into Japan and California.’ 13. Laurence G. Goldberg and Anthony Saunders (1980), ‘The Cause of U.S. Bank Expansion Overseas: The Case of Great Britain.’ 14. James W. Dean and Ian H. Giddy (1981), ‘Strangers and Neighbors: Cross-Border Banking in North America.’ Part III. Strategy and Performance in Multinational Banking. 15. Charles Jones (1983), ‘The Transfer of Banking Techniques from Britain to Argentina, 1862-1914.’ 16. Manfred Pohl (1988), ‘Deutsche Bank London Agency Founded 100 Years Ago.’ 17. D. T. Merrett (1990), ‘Paradise Lost? British Banks in Australia.’ 18. Geoffrey Jones (1982), ‘Lombard Street on the Riveria: The British Clearing Banks and Europe 1900-1939.’ 19. Stuart Jones (1988), ‘The Apogee of the Imperial Banks in South Africa: Standard and Barclays, 1919-1939.’ Part IV. The Impact of Multinational Banks 20. Robert Vicat Turrell with Jean-Jacques Van Helten (1986), ‘The Rothschilds, the Exploration Company and Mining Finance.’ 21. Eric Bussière (1983), ‘The Interests of the Banque de l'Union Parisienne in Czechoslovakia, Hungary and the Balkans.’ 22. Rodney Wilson (1987), ‘Financial Development of the Arab Gulf: The Eastern Bank Experience.’ 23. Geoffrey Jones (1987), ‘The Imperial Bank of Iran and Iranian Economic Development, 1890-1952.’ 24. Y. C. Jao (1983), ‘Financing Hong Kong's Early Postwar Industrialization: The Role of the Hong Kong and Shanghai Banking Corporation.’ 25. P.W.Daniels (1986), ‘Foreign Banks and Metropolitan Development: A Comparison of London and New York.’ 26. Jayshree Sengupta (1988), ‘Internationalization of Banking and the Relationship Between Foreign and Domestic Banks in the Developing Countries.’ V. International Banking Services and Location. 27. Edwin J. Perkins (1974), ‘Managing a Dollar-Sterling Exchange Account: Brown, Shipley and Co. in the 1850s.’ 28. H.W. Arndt (1988), ‘Comparative Advantage in Trade in Financial Services.’ 29. Howard Curtis Reed (1983), ‘Appraising Corporate Investment Policy: A Financial Center Theory of Foreign Direct Investments.’ 30. Sang-Rim Choi, Adrian E. Tschoegl and Chow-Ming Yu (1986), ‘Banks and the World's Major Financial Centers, 1970-1980.’

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Book SynopsisThe industrialized economies of the world have experienced a considerable diversity of economic experience since the shocks of the 1970s. The authors of this major study assess the institutional determinants of economic performance in a comparative analysis of OECD economies. They focus in particular on the role played by corporatist arrangements in such countries as Austria and the Scandinavian states. Corporatism and Economic Performance argues that economists often have a narrow view of the scope and function of corporatism, focusing on the extent to which collective bargaining is centralized, and ignoring the important role of durable, consensual policy making arrangements. The record of the corporatist economies is assessed and considerable evidence is found to show that they have borne the burden of economic adjustment over the last twenty years in a less inegalitarian way than other OECD economies, with lower rates of unemployment and greater economic stability. In an increasingly integrated world economy, the future prospects for corporatism look uncertain, although there is still a strong economic case for corporatist institutions. This book sheds new light on corporatism as a complex and multidimensional entity, examining the rationale, scope, performance and future prospects of corporatist institutions.Trade Review'This book provides a thoughtful and extremely accessible re-assessment of the economic theory on which corporatist policies have been based. . . . the authors have drawn widely on the relevant economics and political science literature. -- Mark Wickham-Jones, Political StudiesTable of ContentsContents: 1. Introduction: An Overview of Economic Performance in Corporatist and Liberal Economies 2. Institutions and Economic Performance 3. Corporatism, Labour Market Institutions and Unemployment 4. The Political Economy of Durable Compromise 5. Growth, Competitiveness and Income Distribution 6. Corporatism and Macroeconomic Policy 7. Conclusion: Problems and Prospects

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Book SynopsisProtectionism has been an enduring feature in the world economy even though economic theory can prove that free trade is a superior regime. Protectionism is, of course, caused primarily by interest groups who lose out under free trade and are able to organize to protect their interests.This major reference collection brings together some different theoretical approaches to the issue of commercial policy and how it is constructed. It also illuminates some of the complexities behind alternating phases of comparatively free trade and protectionism in the world economy over the last two centuries. Individual country studies bring out some variety in the experience, both in the origins of protectionist policies and of their impact. The conclusions add up to a considerable indictment of protectionism.Table of ContentsContents Acknowledgements Introduction PART I: THEORY 1. Jagdish N. Bhagwati (1982), ‘Directly Unproductive, Profit-seeking (DUP) Activities’ 2. Harry G. Johnson (1965), ‘An Economic Theory of Protectionism, Tariff Bargaining, and the Formation of Customs Unions’ 3. C.P. Kindleberger (1951), ‘Group Behavior and International Trade’ 4. Lionel Robbins (1931), ‘Economic Notes on Some Arguments for Protection’ PART II: GREAT BRITAIN 5. Ralph Davis (1966), ‘The Rise of Protection in England, 1689–1786’ 6. J. Bartlett Brebner (1948), ‘Laissez Faire and State Intervention in Nineteenth-Century Britain’ 7. Donald N. McCloskey (1980), ‘Magnanimous Albion: Free Trade and British National Income, 1841–1881’ 8. A.E. Musson (1972), ‘"The Manchester School" and Exportation of Machinery’ 9. Barry Eichengreen (1991), ‘The External Fiscal Question: Free Trade and Protection in Britain, 1860–1929’ 10. Forrest Capie (1978), ‘The British Tariff and Industrial Protection in the 1930s’ PART III: UNITED STATES 11. J.J. Pincus (1975), ‘Pressure Groups and the Pattern of Tariffs’ 12. G.R. Hawke (1975), ‘ The United States Tariff and Industrial Protection in the Late Nineteenth Century’ 13. M.E. Falcus (1971), ‘United States Economic Policy and the "Dollar Gap" of the 1920s’ PART IV: CONTINENTAL EUROPE 14. Michael Stephen Smith (1980), ‘Compromise and Conciliation, 1883–1900’ 15. W.O. Henderson (1965), ‘Prince Smith and Free Trade in Germany’ 16. Steven B. Webb (1980), ‘Tariffs, Cartels, Technology, and Growth in the German Steel Industry, 1879 to 1914’ 17. A. Gerschenkron (1943), ‘Agricultural Protection in the German Empire’ 18. Frank J. Coppa (1970), ‘The Italian Tariff and the Conflict Between Agriculture and Industry: The Commercial Policy of Liberal Italy, 1860–1922’ 19. C.P. Kindleberger (1975), ‘The Rise of Free Trade in Western Europe, 1820–1875’ 20. Forrest Capie (1983), ‘Tariff Protection and Economic Performance in the Nineteenth Century’ PART V: OTHER 21. Bela Balassa (1956), ‘Tariff Protection in Industrial Countries: An Evaluation’ 22. Kenneth Fielden (1969), ‘The Rise and Fall of Free Trade’ 23. John Gallagher and Ronald Robinson (1953), ‘The Imperalism of Free Trade’ Name Index

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Book SynopsisQuestions of European economic and political integration have been placed firmly on the policy agenda as we enter the late 1990s. The Economic Emergence of a New Europe? explores the arguments and forms of analysis deployed by those who have been pressing for closer integration since the early 1980s.Although events in Denmark and the United Kingdom have thrown the future of the post-Maastricht European Community into some confusion, the agreements already reached will propel the Community along a path of ever closer economic co-operation. Casting a sceptical eye over much of the economic analysis used to explore the effects and implications of the integration process, this book critically examines the reasons behind the contemporary imperative for greater integration among the European states, and assesses the likely limits of this programme.Trade Review'This well written book presents sound and convincing arguments. Its major strength is the use of the twin idea of institutional diversity and co-operation-competition in the European context.' -- Michael Dietrich, Sheffield University Management School, UK'A well-written book on European economic and political integration, critically examining the arguments and forms of analysis deployed by advocates of closer integration over the last ten years. The book presents sound and convincing arguments and its major strength is the use of the twin idea of institutional diversity and co-operation competition in the European context, with additional assessment of the likely limits of the integration programme.' -- Aslib Book Guide'Overall the book provides an excellent discussion of the issues relating to economic and political integration in Europe.' -- D. Perrons, Environment and Planning A'A well-written book that presents sound and convincing arguments, its major strength is the use of the twin idea of institutional diversity and cooperation - competition in the European context.' -- International Review of Administrative SciencesTable of ContentsContents: 1. Introduction 2. What is Europe? 3. The Evolution of the Managed Economy in Europe 4. Justifying European Economic Integration 5. Economic and Monetary Union: Problems and Prospects 6. Management and Industrial Policy in Europe 7. Eastern Europe and the ex-Soviet Union 8. Conclusion

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Book SynopsisIn this important new book, Sheila Dow argues that money is integral to the economic process and that some common principles may be applied when analysing money's role at the regional, national and international levels. The importance of considering the spatial aspects of money's role has been highlighted by recent developments in Europe and elsewhere.Using a post Keynesian perspective, the first five chapters put forward a methodological and theoretical framework for a theory of money which combines endogenous credit creation and liquidity preference. The next five chapters analyse money's role in the economic process as it affects regional economies. The final two chapters adapt the theory in order to analyse finance and development in the international context, and as a basis for discussing possible international institutional reforms.Money and the Economic Process features some of Sheila Dow's most acclaimed articles and papers in this area, as well as including some new work which reveals the recent development of her thought.Trade Review'. . . a clear expression of post Keynesian monetary thought in response to the recent economic developments at the regional, national, and international level.' -- Paul Mizen, The Economic JournalTable of ContentsPart 1 Methodology and the analysis of a monetary economy: the significance of the methodological framework; the different methodological bases of post Keynesian and orthodox economics; money, uncertainty and historical time. Part 2 Money supply endogeneity: the meaning of endogeneity with a theoretical framework; the meaning of endogeneity "in reality"; money supply endogeneity and the business cycle. Part 3 Speculation and the monetary circuit with particular attention to the Euro-currency market; speculation - some textual and definitional analysis; the implications of credit-financed speculation; the Euro-currency market. Part 4 Post Keynesian monetary theory for an open economy: the monetarist and global monetarist theory of money and the business cycle; a Keynesian theory of money and the business cycle in a closed economy; a Keynesian theory of money and the business cycle in an open economy. Part 5 The regional composition of the Bank multiplier process; bank multipliers; regional bank multipliers with interregional transactions; the long-run stock equilibrium position; the multiplier process in the short-run; the bank multiplier in the short-run with income adjustment; regional bank multipliers with a national banking system. Part 6 The treatment of money in regional economics: from Beare to Moore and Hill; a Keynesian theory of regional financial markets. Part 7 Incorporating money in regional economic models: the macroeconomic significance of money; money and regional economics; money in a post Keynesian regional model. Part 8 The capital account and regional balance of payments problems: the balance of payments of a region; regional balance of payments problems; the capital account; data considerations. Part 9 Money and regional development: the state of the art on money and regional development; a theory of money and regional development - a paradox of liquidity; the Canadian case. Part 10 Money and the pattern of international development: distinguishing the international context from the regional context; the finance and development literature; liquidity preference; the endogeneity of credit supply; the debt crisis and capital flight; banking structure and economic development. Part 11 The international financial system - institutional arrangements: the international financial system; the role of the state; problems and plans for reform; European monetary union.

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Book SynopsisThis key reference collection focuses on the international monetary system. It includes seminal contributions on issues such as exchange rate systems, recycling, adjustment mechanisms, debtor-creditor relations, international monetary policy coordination and seigniorage. While focusing on the international system it includes important work on domestic policy making that affects this system.Trade Review'This is a very useful book for students of international relations or of the politics of international monetary affairs.' -- K. Alec Chrystal, The Economic JournalTable of Contents25 articles, dating from 1929 to 1991 Contents: 1. Sources of Conflict in International Monetary Relations 2. Cooperation and Conflict: Lessons of Theory 3. Cooperation and Conflict: Lessons of History 4. Regime Analysis and the Theory of Hegemonic Stability 5. Levels of Analysis: Competing Influences on State Behavior 6. Case Studies of International Monetary Policy

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Book SynopsisThe political economy of international trade and trade policy - at both the domestic and international levels - has spawned a vast literature from both economists and political scientists. This two volume set includes seminal contributions to our understanding of international trade among the advanced industrial countries, between them and the lesser developed countries and between East and West. It includes work on the political economy of trade liberalization, protectionism and sanctions.Trade Review'Overall, the book is a well balanced and comprehensive reference source of studies of interventionist trade policies.' -- Allan Webster, The Economic JournalTable of Contents43 articles, dating from 1941 to 1991 Contents: Volume I: 1. Patterns of Trade and Protection 2. Factoral Theories of Trade Policy 3. Firm and Sectoral Theories of Trade Policy 4. Domestic Institutions and Trade Policy • Volume II: 1. Strategic Trade Policy 2. National Security and International Trade 3. International Trade Conflicts 4. International Institutions 5. Economic Sanctions

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Book SynopsisThis important reference collection includes the seminal literature on the political economy of natural resources - broadly defined as not only minerals but also energy sources and agriculture. It includes key articles and papers on the politics of international markets in these resources, the effects of these markets on the world economy and on the domestic political economy as well as the domestic politics of policymaking on international resources.Trade Review'. . . for the economist wishing to take a quick dip into the international politics of what are, after all, widely regarded as important economic problems, this collection is a good place to start.' -- Wilfred Beckerman, The Economic Journal'These volumes provide an excellent reference point for anyone in research or in policymaking dealing with the international agenda.'– Jo Traill Thomson, Environmental PoliticsTable of Contents44 articles, dating from 1971 to 1992 Contents: Volume I: 1. Resource Power: Exporters Against ‘Political Targets’ 2. Resource Power: Exporters Against Importers (Cartels and International Commodity Agreements) 3. Resource Power: Foreign Investors and Host Investment States • Volume II: 1. Resource Scarcity, Conflict and Cooperation: General 2. Resource Scarcity, Conflict and Cooperation: Common Property Resources 3. Resource Scarcity, Conflict and Cooperation: Environmental Damage 4. Excess Supplies, Conflict and Cooperation: Protectionism

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

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

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

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Book SynopsisGottfried Haberler’s work on the theories of classical international trade and comparative cost, as well as his definitive synthesis of business cycle theory, have made a major impact on economic knowledge and understanding. He also participated actively in the post-war analysis of the causes of and cures for inflation, particularly in relation to questions of international monetary reform.Featuring some of his most important and interesting essays on international finance, international trade and the history of economics written over a period of more than 60 years, these two volumes eloquently advocate his liberal approach to the international economic order. Volume I, Essays on International Economics, features papers on currency convertibility, the international monetary system and trade policy and controls. Volume II, Money, Cycles and Related Themes, includes material on money and business cycles and the history of economics, with papers on Fisher, Schumpeter and Marxian economics.These volumes present in an accessible form carefully edited selections of Professor Haberler's articles and papers, as well as an up-to-date bibliography. The set will be an essential companion for any economist with an interest in international trade, inflation and monetary theory.Table of ContentsContents: 1. International Finance 2. International Trade 3. Index Numbers, Money and Cycles 4. Essays in the History of Economics

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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Book SynopsisThe landscape of the world economy is changing rapidly, including new and much more powerful roles for the IMF and World Bank, as well as the rapid growth of wider free trade areas in North America and Europe. Current global trading arrangements, however, involve serious obstacles for exporters from the South as well as rivalries between the major economies. This book explores how the international trading system came into existence, the ways in which commodity markers work today, and why the poor countries of the South are facing not free trade, but unfair trade. It traces the stages of the world's economic development which has resulted in a this stark imbalance between North and South, following the chain of trade from crop to shop.The book's lessons are relevant to students, policy makers, and all those interested in a world trading system built on more than market muscle and the profit motive - a system that serves the interests of ordinary people everywhere.Trade Review'A book full of originality which offers an alternative theory and an alternative programme to those currently being imposed on the weak by the strong.'Robin Murray, Institute of Development Studies, University of SussezTable of Contents Preface Part I: Unfair Trade 1. Introduction 2. The World Division of Labour in Historical Perspective 3. The Division of World Resources Between Rich and Poor 4. The World Market 5. The Role of the Market 6. The Middlemen Part II: Making Trade Fairer 7. Regulating the Market 8. Aiding the Market 9. Centrally Planned Trade 10. A Parallel Trading System 11. Alternative Trade: In and Against the Market 12. What Can be Done Now? Appendix: Alternative Trading Organisations Glossary of Acronyms and Technical Trade Terms Index

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Book SynopsisThis extraordinary book explores the spread of globalization. The authors - journalists on Der Spiegel - provide an account that is highly informed, yet extremely readable. They show how internationalism, once an invention of social-democratic labour leaders, has firmly changed sides. Now more than 40,000 transnational corporation play off their own workers - and different nation-states - against one another. The book opens with a fly-on-the-wall account of a seminar attended by the leaders of major corporations. It revealed that the biggest manufacturers are not simply shifting production away from the industrial countries, but foresee a new century where their labour needs will plummet. Talk at the gathering was all about the 20:80 society, where 20 per cent of the population will suffice to keep the world economy going and the unemployed 80 per cent will be pacified by a diet of 'tittytainment' - ie the modern equivalent of bread and circuses but without nearly so much bread. Calling for the restoration of the primacy of politics over the economy and the repair of the state before it is too late, this book is a a cry of alarm. Currently being translated into 13 languages, The Global Trap is set to become an international bestseller; it cannot be ignored.Trade Review'Excellent. A very powerful text.' Barbaara Pyle, Executive Producer, CNNTable of Contents 1. The 20:80 society - world shapers toward a new civilization 2. Everything is everywhere - the force of globalization and global fragmentation 3. Limited liability dictatorship - playing billiards on the world's financial markets 4. The law of the wolves - the borderless jobs crisis and the new transnationals 5. Comfortable lies - the myths of location and global justice 6. Save yourself if you can, only, who can? - the disappearence of the middle class and the rise of radical seducers 7. Culprit or victim? - the poor global player and the comfortable return of coercion 8. To whom does the state belong? - the decline of politics and the future of national sovereignty 9. The end of aimlessness - escaping the dead end street 10. 20 ideas against the 20:80 society.

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Book SynopsisGlobalization creates growth without jobs in the North, structural adjustment in the South, privatization in the East and the dismantling of states everywhere. It is a process which unifies through market integration and new information technologies, yet separates through growing social polarization. It is also a process which depends on the feminization of employment; rather than liberating women into the workplace, globalisation has bred a new underclass of low paid or unpaid women workers. Demonstrating exactly how women, all over the world, have become the call-girls of the global labour market, the author of this extraordinary book uses a mixture of case studies, examples and quotations to illustrate some hard facts. She looks at women across the world - to show how their lives have been turned upside down by industrialization in the South and a return to homeworking in the North. We meet Martha, 17-year old mother of two in Harlem, who cannot afford medical provision on the salary she has been forced to accept; Margaret, former secretary at the Ministry of Agriculture in Nairobi, now trading in second-hand clothes; Li Thi, a Vietnamese woman who is paid $500 a year for stitching the same running shoes that a top US basketball player is paid $20 million a year to promote. From New York to Phnom Penh, from Moscow to Dakar, we see the devastating effects of the unfettered power of transnational corporations on women’s lives. This book charts that devastation and calls for urgent action - by states across the world and by women themselves.Table of Contents Introduction 1. The Global Conveyor Belt 2. Worldwide Service 3. Means of Living 4. Women in the Wreckage of Structural Adjustment 5. Variants of Modernity 6. The Globalization of Women's Movements Bibliography Index

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Book SynopsisThe introduction examines the Russian Federation as a whole, and consists of an essay written by an acknowledged expert focusing on the evolution of the relationship between the central state and the regions, followed by a chronology, demographic and economic statistics, and a review of the Federal Government. The second section comprises territorial surveys, with a chapter on each of Russia’s federal subjects, each of which includes a current map. The third and fourth parts comprise a select bibliography of books and indexes, listing the territories alphabetically, with a gazetteer of alternative names, and by both Federal Okrug and Economic Area.Key features: comprehensive overview of the Russian Federation offers an analysis and understanding of the country’s regional dimension invaluable directories of important territorial contacts detailed and accurate political, economic and statistical information some eighty-five current maps extensive information from a wide variety of sources, many of which are otherwise unavailable in English.

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Book SynopsisA definitive one-volume guide to all sub-Saharan African countries, providing invaluable economic and directory data.It includes over 1,500 pages of economic and demographic statistics, wide-ranging directory material and authoritative articles contributions from over fifty leading experts on African affairs incisive analysis of the latest available information. General Survey thoroughly revised and updated analytical articles written by acknowledged experts covering the issues affecting the area as a whole, including: Economic Trends in Africa South of the Sahara; Health and Medical Issues in Sub-Saharan Africa; State Failure in Africa; A Century of Development; China’s Expansion into Africa; and European Colonial Rule in Africa a political map of contemporary Africa and a chronological list of the dates of independence of African countries. Country SurveysIndividual chapters on every country incorporating: an introductory survey, containing essays on the physical and social geography, recent history and economy of each country an extensive statistical survey of economic indicators, which include area and population, health and welfare, agriculture, forestry, fishing, mining, industry, finance, trade, transport, tourism, media and education a full directory containing names, addresses and contact numbers for key areas such as the government, political organizations, diplomatic representation, the judiciary, religion, the media, finance, trade and industry, tourism, defence and education a useful bibliography, providing sources for further research. Regional InformationDetailed information on the following: regional organizations; major commodities; calendars, time reckoning, research institutes concerned with Africa and select bibliographies of books and periodicals.Trade Review'A well-balanced, well-judged and remarkably comprehensive volume.' - Times Literary Supplement'This is probably the best reference work available on this part of the African continent.' - Reference Reviews' This Directory allows for an easy grasp of the region's challenges and ongoing problems providing as it does a very comprehensive overview of Sub-Saharan Africa. It is highly recommended for all reference libraries.' --Reference Reviews

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Book SynopsisNow in its fifty-fifth edition, this title continues to provide the most up-to-date geo-political and economic information for this important world area.Key Features covers the Middle East and North Africa from Algeria to Yemen includes topical contributions from acknowledged experts on the region accurately and impartially records the latest political and economic developments provides comprehensive data on all major organizations in the region. General Survey introductory essays cover topics relating to the region as a whole, including: Arab–Israeli Relations 1967–2008; The Jerusalem Issue; Documents on Palestine; Nuclear Proliferation in the Middle East; Oil; Natural Gas; and Islamic Banking and Finance. Country SurveysIndividual chapters on each country incorporating: essays on the physical and social geography, recent history and economy of the country an extensive statistical survey of economic indicators, which include area and population, health and welfare, agriculture, forestry, fishing, mining, industry, finance, trade, transport, tourism, communications media and education a full directory with names, addresses and contact details covering the constitution, government, legislature, judiciary, political organizations, diplomatic representation, religious groups, the media, finance, trade and industry (including petroleum and natural gas), tourism, defence and educationA bibliography, providing suggestions for further research. Regional Information includes all major international organizations active in the region, research institutes specializing in the region; and select bibliographies of books and periodicals covering the Middle East and North Africa. Trade Review'There is simply nothing else on the market that provides as much material on each of the countries of the Middle East and North Africa in one volume.' -- Royal United Services Institute for Defence Studies

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Book SynopsisNow in its fortieth edition a systematic survey of the countries of East and South-East Asia, Australia and New Zealand, along with 23 Pacific Islands essential for anyone with a professional interest in the region keeps up to date with current economic and political developments. General SurveyWritten by acknowledged authorities on the Pacific Rim, this collection of essays forms an impartial overview of the area as a whole. Topics include: the USA’s relations with the Asia-Pacific region, regional security issues, human rights, environmental issues and recent economic trends.Country SurveysIndividual chapters on each country containing: essays on geography, history and the economy an economic and demographic survey of the latest available statistics on population, health and welfare, agriculture, forestry, fishing, mining, industry, finance, trade, transport, tourism, communications and education a directory of names, addresses and contact details covering the constitution, government, legislature, judiciary, political organizations, diplomatic representation, religion, the media, finance, trade, industry, tourism, defence and education a select bibliography. Regional Information includes all major international organizations active in the region, their aims, activities, publications and principal personnel a detailed survey of major commodities in Asia and the Pacific a directory of research institutes specializing in the region select bibliographies of books and periodicals covering the Far East and Australasia an index of regional organizations. Trade Review'An excellent reference work which no library should be without.' -- International Affairs'The best publication of its type.' -- Defence and Foreign Affairs

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