Competition and Economic Integration in Europe explores the relationship between competition policy and economic integration in the enlarging European Union. It contains valuable contributions from academics and officials from inside and outside the European Union as well as offering a transatlantic perspective on the enabling effect of competition policy on deepening European integration.This book examines the importance of competition policy in the Europe Agreements signed with the Central and East European countries, whilst emphasizing that agreement on the adoption of competition rules is just one element in the complex process of accession to the European Union. The book argues that harmonization of competition policy along EU lines across the wider Europe is necessary to create a culture of competition among the European partner countries. The contributors examine the actual and potential roles of competition policy as a regulator of cross-border flows, an agent for the removal of trade barriers and as one of a number of measures to enable a move towards free trade. Competition policy is also advocated as a framework for business behaviour, in order to eradicate 'unfair' competition and as a foundation for the privatization programmes of governments. The book concludes with a postscript linking the argument of the book with the European Commission's Agenda 2000 report of July 1997. This book will prove invaluable to academics and students in the field of transition economics, the economics of the European Union, comparative institutions and industrial policy.

This book examines economic and political polarisation in post-Soviet Russia, and in particular analyses the development of rural inequality. It discusses how rural inequality has developed in post-Soviet Russia, and how it differs from the Soviet period, and goes on to look at the factors that affect rural stratification and inequality, using human and social capital, profession, gender, and village location as independent variables. The book uses survey data from rural households and fieldwork in Russia in order to highlight the multiplicity of divisions that act as fault lines in contemporary rural Russia.

Advances in General Equilibrium Theory presents a new approach to the construction of general equilibrium models. It considers the methods that should be adapted and some of the principal subjects with which general equilibrium modelling should be concerned in order to convert it into a useful body of knowledge. The book examines from new perspectives the major questions that have concerned general equilibrium theorists during this century, including the characteristics of perfect competition and the existence, uniqueness and stability of economic equilibrium. The author develops the concept of models as functioning systems, identifies the differences between models and equation systems and discusses the implications of the differences between mathematical methods and economic determinacy. He demonstrates that the treatment of perfect competition has been deeply flawed, that modern general equilibrium models are not functioning systems, that many equation systems in the literature are not supported by underlying models, and that models which would justify these equations are either improbable or inconceivable. In conclusion, Professor Walker indicates how these perspectives can be used to develop a new general equilibrium model, and presents an outline of its content. Advances in General Equilibrium Theory will be of special interest to microeconomists and those interested in economic methodology and general equilibrium modelling.

Economic Policy and Climate Change focuses on the design, implementation and consequences of a feasible system of tradable carbon permits to reduce greenhouse gas emissions within the context of the European Union. Economic instruments are considered fundamental in reducing atmospheric pollution, especially carbon dioxide emissions. This important book outlines the design of an achievable system of tradable emission permits in the EU. It considers the distribution of permits, the problem of monitoring and enforcement and the possibility that the system might create a barrier to potential entrants to industry. This is especially important because entry barriers will affect the whole economy and long-term industry dynamics. The analysis then extends to consider the use of tradable permits and taxes in the context of international cooperation on emissions reduction. International agreements are examined within the framework of a second-best, two country model in which governments reduce emissions and raise revenue simultaneously. The author concludes that it is not welfare-maximizing to trade permits between countries if emission limits and side-payments have not first been agreed. This book will be of special interest to environmental economists, environmentalists and policymakers.

The crisis of distribution is one of the longest standing and most complicated issues facing human society. Imbued with social, political, historic, and cultural elements, it varies significantly across different countries as a result of all these factors. As an emerging economy which transferred from a planned to a market economy, China has experienced large distribution gaps since it implemented the Reform and Opening-up Policy in the early 1980s, requiring stronger economic law to mitigate and regulate the crisis of distribution. In this second volume, the author analyses crises of distribution from a theoretical perspective and proposes law and policy solutions. Believing that such crises are a collective result of systematic limitations, the author proposes a theoretical framework of "system-distribution-development" in order to resolve distribution problems and promote economic development. He argues that a crisis of distribution cannot be avoided without coordinated development of economic law and relevant constitutional, civil, and commercial law systems. In addition, it is necessary to differentiate the territories, industries, enterprises, and individuals that constitute such diverse systems. The book should be of keen interest to researchers and students of law, economics, and political science.

This new edition provides an alternative overview of 18th-century British economy. Recent macroeconomic history has discounted many of the achievements of the Industrial Revolution, but this text dissects the characteristics and processes of industry in the 18th century. A male industrial revolution has been presented as the general experience, but new industries, notably in textiles and metal products, were primarily employers of women. This work gives these industries and their workforce due prominence. Technologies, work processes, labour forces and markets shifted in a variety of directions and forms to create a sector of dynamic new initiatives alongside stable and declining crafts. The key to the Industrial Revolution lies in the sources of technological creativity and the structures of industrial communities. The rise of the factory system was one result. This text reasserts the primacy of the industrial experience to Britain's economic history.

This unique and comprehensive 'modern guide' presents state-of-the-art surveys covering the main areas of macroeconomics and economic policy by well-known post-Keynesian authors. The chapters explore intriguing and important issues including: - the history and methods of post-Keynesian economics - money, credit and central banks - growth and income distribution - post-Keynesian macroeconomics as an alternative to the New Consensus - the macroeconomics of unemployment and labor market issues - European economic policies - open economy models of distribution and growth - international monetary and global economics - financialisation and financial crisis. This well-documented book will prove to be the essential guide for researchers and graduate students in macroeconomics and political economy. It will also prove inspiring to a wider audience interested in modern Keynesian macroeconomics. Contributors:P. Arestis, R.A. Blecker, A.K. Dutt, G.A. Dymski, E. Hein, H. Herr, D.R. Howell, M. Lavoie, O. Onaran, E. Stockhammer

Offering a retrospective view of how the system operated in Communist Czechoslovakia, this book is an important voice in the discussion about the systems of central planning. The unique features of the book include in-depth research comprising both archival records and analyses of around 75 interviews conducted with period managers across a wide range of management levels. They provided evidence of pervasive inefficiency resulting in appalling economic outcomes. The book begins with a background to the politico-sociological system in Czechoslovakia and proceeds to describe the Marxist-Leninist ideological foundation of the regime, which underpinned the formal setting of the Czechoslovak model. These initial chapters set the context for the subsequent analysis of the real functioning of the system. The book explores the economic outcomes that must be understood as a natural consequence of the ways in which this system operated. The author finishes by answering the important question of why centrally planned economies trailed behind the market economies. The book's unique use of the interview research format brings a vivid, close-up view of the everyday economic life in the centrally planned system. This will be a valuable contribution to the discussion surrounding the day-to-day reality of the system, which was found to be more colourful than is generally deemed. The book will appeal to both economic historians and students of economic history. A warning against repeating past mistakes, this book will also be of interest to those seeking a greater knowledge of the realities and consequences of centrally planned economies.

Macroeconomic policies matter for sustainable long-term growth. With global fluctuations, deviation from a stable growth path can be minimized by countercyclical macro policies, if properly implemented. This book examines Thailand's 55 years of experience in macroeconomic management and provides valuable lessons for other emerging economies at various stages of development on what could have been done to avoid economic instability. It also examines how short-term complications can develop into perennial problems obstructing the process of economic development. The book provides an alternative approach to the study of economic growth through the inclusion of both economic history and institutional context, appealing to academics and economists who focus on economic growth, economic development, international macroeconomics, public policy study, business cycles, and the open-market economy.

This book provides a comprehensive overview for various segments of the global credit default swap (CDS) markets, touching upon how they were affected by the recent financial turmoil. The book uses empirical analysis on credit default swap markets, applying advanced econometric methodologies to the time series data. It covers not only well-studied sovereign credit default swap markets but also sector credit default swap indices (i.e., CDS index for the banking sector) and corporate credit default swap indices (i.e., Markit iTraxx Japan CDS index), which have not been fully examined by the previous literature. The book also investigates causality and co-movement among several credit default swap markets, or between CDS and other financial markets.

This book addresses a wide range of migration-related issues in the European context and examines the socioeconomic consequences of migratory flows throughout Europe, focusing on a number of emblematic European countries. The book is divided into three parts. The first part deals with the tension between migrants and their integration processes in the receiving country, which is deeply influenced by the attitude of the local population and the different approach to highly and less skilled immigrants. The second part analyses the impact of migration on the economic structure of the receiving country, while the third part explores the varying degree of immigrants' socioeconomic integration in the country of destination. The book offers an essential interdisciplinary contribution to the issue of migration and provides readers with a better understanding of the effects that different forms of migration have had and will continue to exert on economic and social change in host countries. It also examines migration policy issues and builds on historical and empirical case studies with policy recommendations on labour market, integration and welfare policy issues. The book is addressed to a wide audience, including researchers, academics and students of economics, sociology, politics and history, as well as government/EU officials working on migration topics.

The Political Economy of Economic Freedom brings together a timely selection of Sir Alan Peacock's views on economic freedom, its philosophy, its influence on the critique of economic policy and the problems encountered in expanding it. The book represents a diversity of experience ranging from academic speculation to close involvement with policy issues. An opening chapter introduces the essays and discusses the promotion of economic freedom. The book is then divided into three parts and each essay is introduced with a discussions of its intellectual origins. Part I considers how far the pursuit of individual freedom conditions government intervention in the pursuit of economic growth, the right to freedom of expression, conduct in the market place and the distribution of income, affording the author an opportunity to analyse the views both of his contemporaries and such major figures as Hume and Keynes. In Part II the author uses his specialist knowledge of public choice and public finance to explore 'government failure' in attempts to impose progressive taxation, to influence industry through subsidy and regulation and to control bureaucracy. In the final part, the author draws on his personal experience to demonstrate the problems encountered by economic advisers in devising reforms in the tax system, the devolution of government, social security and broadcasting. This volume will be welcomed by business and government, as well as by professional economists and social scientists familiar with Sir Alan's commitment to economic analysis as the servant of policy debate rather than merely a form of intellectual gymnastics.

The Rise and Fall of the Wealth of Nations is an interdisciplinary study concerning growth and cycles in economic development. It builds a bridge between rigorous economic theory and historical studies of long run economic evolution.This authoritative book explains long waves of economic activity and the rivalry of nations for leadership. It considers the concept that such waves of activity are characterized by a cyclical change of societies focusing alternately on capital accumulation and distribution. It also discusses the idea that a change in the economic leadership of a nation occurs after nations reach the height of their influence and turn away from accumulating capital in favour of distribution of income and wealth. This volume will be welcomed by academics, policymakers and students of economics and economic history.

This book contains the most complete set of the Chinese national income and its components based on system of national accounts. It points out some fundamental issues concerning the estimation of China's national income and it is intended to the students of the field of China study around the world.

This book is an outcome of the conference on the linkages between macroeconomics and agricultural trade in 1986. It establishes some of the fundamental influences on the exchange rate. The book develops linkages between the macroeconomy and agriculture using traditional models.

This volume, originally published in 1976, creates a basis from which the specialist topics of macroeconomics can be approached. The first section deals exclusively with a simple classical and Keynesian model within a single common framework to facilitate easy comparison. Although simple models, they provide a sound starting point for the more advanced ideas which make up the second part of the book. Recognizing tht one of the crucial purposes of macroeconomics is to provide advice for central government policy makers, the policy implications of the models are discussed.

Originally published in 1988, this book combines a systematic exposition of post-Keynesianism analysis with an account of its historical development. The role of major figures like Keynes and Sraffa in the development of the theory is closely detailed but the book also gives equal emphasis to Kaldor and the neglected Italian school. The theoretical implications of post-Keynesianism are outlined and challenging arguments for its importance are presented.

This volume, originally published in 1979, examines systematically the nature of control in both capitalist and socialist economies, develops a theoretical and applied framework which can embrace both macroeconomics and plannng and demonstates the essential unity of all forms of macroeconomic planning by the consistent application of basic economic principles. Firstly, the authors establish why societies feel a need for government control and examine the mechanisms by which such social decisions are reached. Next they examine the nature of economic data, the modelling of economic systems nad a review of practical policy goals and instruments. The book then reviews the basic theory of optimisation and elaborates it in the context of planning for growth, for stabilisation and under uncertainty. It closes with an analysis of practical planning based on French and Soviet experience.

As corporate activity continues to expand in line with the continued globalization of the economy there is an increasing demand for establishing rules to regulate the trans-boundary activities of firms and their many and complex relations with consumers. Until now, sources of knowledge in this field have been scattered and unsystematic and this volume fills a key gap in current literature, providing a concise and accessible introduction to the role of global consumer organizations. The book: Provides an historical overview that traces the early attempts made before WWII to formulate elements of global consumer policy, highlighting key issues and initiatives up until the 1980s. Outlines the groups of organizations that are responsible for dealing with consumer issues in areas such as trade and development, socio-economics and the environment, including the Organisation for Economic Co-operation and Development, World Trade Organization, International Monetary Fund, United Nations Conference on Trade and Development, and World Bank. Analyses the group of special intergovernmental organizations that address the problems of specific consumer segments, industries and service-providers, including the World Health Organization, International Telecommunication Union and World Tourism Organization. Evaluates both current and future challenges and dilemmas facing consumer organizations, including addressing the continued issues of coordination between them. Providing a much-needed overview of this key area in international organization, Global Consumer Organizations will be of interest to students and scholars in a range of areas, including international political economy, consumer behaviour, international organizations, economic policy and consumer behaviour.

This book gives insight on the dynamics and route of economic policies that have been taken and implemented since the point of institutional reforms in 1998 that were triggered from the context of the financial crisis in 1997/1998. The condition brought a different paradigm on the landscape of economic and development policies, especially in the case of the monetary and financial structure, the international trade sector, the manufacturing sector, the taxes administration policy and the evolved context of decentralization and development of public sector policies in general. Given state of current economic development, this book offers suggestions to address economic issues that require improvements. This book is unique as: 1) it is about Indonesia, a country mostly affected by 1997/1998 financial crisis, which also lead to a change in regime; 2) it covers a broad range of thematic topics on sectors development and institutional changes from major policies that have been taken; and 3) it posits both existing and future challenges on monetary and financial sectors, trade, manufacturing and competitiveness, as well as on development of decentralization policies.

Explores vital topics such as inequality, electoral politics, partisan ideology, and institutional performance to demonstrate the power of political economy to incorporate political and economic approaches to key global issues. Introduces the key theories and methods of political economy to provide students with the necessary 'toolkit' to undertake the study of political economy. Draws on empirical data from around the world, primarily OECD countries, to provide an international introduction to political economy. Incorporates 'focus' boxes, case studies, glossary, reviews questions and recommended readings to provide a complete learning pedagogical package for students.

As corporate activity continues to expand in line with the continued globalization of the economy there is an increasing demand for establishing rules to regulate the trans-boundary activities of firms and their many and complex relations with consumers. Until now, sources of knowledge in this field have been scattered and unsystematic and this volume fills a key gap in current literature, providing a concise and accessible introduction to the role of global consumer organizations. The book: Provides an historical overview that traces the early attempts made before WWII to formulate elements of global consumer policy, highlighting key issues and initiatives up until the 1980s. Outlines the groups of organizations that are responsible for dealing with consumer issues in areas such as trade and development, socio-economics and the environment, including the Organisation for Economic Co-operation and Development, World Trade Organization, International Monetary Fund, United Nations Conference on Trade and Development, and World Bank. Analyses the group of special intergovernmental organizations that address the problems of specific consumer segments, industries and service-providers, including the World Health Organization, International Telecommunication Union and World Tourism Organization. Evaluates both current and future challenges and dilemmas facing consumer organizations, including addressing the continued issues of coordination between them. Providing a much-needed overview of this key area in international organization, Global Consumer Organizations will be of interest to students and scholars in a range of areas, including international political economy, consumer behaviour, international organizations, economic policy and consumer behaviour.

This analysis of macroeconomic policy, originally published in 1989, argues that key government objectives, such as reduced inflation, decreased unemployment and an adequate level of national saving can be achieved only by employing both monetary and fiscal policies, in conjunction with supply-side policies expressly designed to improve the workings of the labour market. Part 1 is a comparative analysis showing the effects of monetary and fiscal policy on the economy. Real-wage rigidity in the labour market is shown to have important consequences for the working of both types of policy, because it conditions the economy's response to tax changes. Part 2 presents an econometric model which combines consistent stock-flow accounts with a full range of expectational effects. Part 3 presents an innovative technique for solving rational expectations models with the need for arbitary terminal conditions.

Drawing on interviews with the UK government's Panel of Independent Forecasters, the author shows how economic models, forecasts and policy analysis depend crucially upon the judgements of economists.

This book confronts the problem of the legal uncertainty surrounding the definition and classification of ethnic cleansing, exploring whether the use of the term ethnic cleansing constitutes a valuable contribution to legal understanding and praxis. The premise underlying this book is that acts of ethnic cleansing are, first and foremost, a criminal issue and must therefore be precisely placed within the context of the international law order. In particular, it addresses the question of the specificity of the act and its relation to existing categories of international crime, exploring the relationship between ethnic cleansing and genocide, but also extending to war crimes and crimes against humanity. The book goes on to show how the current understanding of ethnic cleansing singularly fails to provide an efficient instrument for identification, and argues that the act, in having its own distinctive characteristics, conditions and exigencies, ought to be granted its own classification as a specific independent crime. Ethnic Cleansing: A Legal Qualification, will be of particular interest to students and scholars of International Law and Political Science.