The 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.

This book analyzes the state of global governance in the current geopolitical environment. It evaluates the main challenges and discusses potential opportunities for compromise in international cooperation. The book's analysis is based on the universal criteria of global political stability and the UN framework of sustainable development. By examining various global problems, including global economic inequality, legal and political aspects of access to resources, international trade, and climate change, as well as the attendant global economic and political confrontations between key global actors, the book identifies a growing crisis and the pressing need to transform the current system of global governance. In turn, it discusses various instruments, measures and international regulation mechanisms that can foster international cooperation in order to overcome global problems. Addressing a broad range of topics, e.g. the international environmental regime, global financial problems, issues in connection with the energy transition, and the role of BRICS countries in global governance, the book will appeal to scholars in international relations, economics and law, as well as policy-makers in government offices and international organizations.

Help your students navigate the realities of the global economy - the theories, the data, the policies and their impact. Emphasizing the use of data and empirics to link cutting-edge economic theory to current world events, this book was developed in the classroom by two of the most prominent researchers in the field who saw a need for a text with fresh theories and perspectives. Seamlessly blending theory and data with real-world policies, events, and evidence, Feenstra and Taylor's International Economics provides engaging, balanced coverage and applications of key concepts. The book covers the latest events and newest research. International Economics is supported by Achieve, our integrated, online learning system which allows you to engage every student with powerful multimedia resources, an integrated e-Book, robust homework, and a wealth of interactives, creating an extraordinary new learning resource for students. Key features include: Access to an eBook for easy reading and searching LearningCurve adaptive quizzing offers practice questions to check understanding and provides feedback to ensure students have grasped the concepts Discovering Data and Work It Out problems provide the opportunity to locate, analyze, and interpret real-world data, related to topics in the book Curated multi-step questions and graphing problems are paired with rich feedback to guide students through the process of problem solving and developing their analytical thinking

Lewis and Able examine the economic relationship between Latin America and the 'advanced' countries since their independence from Spanish and Portuguese rule. They reinterpret the significance of Latin America's external connections through juxtaposing Latin America and the British scholars from different ideological and intellectual backgrounds. This work is of considerable importance in promoting comparative work in development studies of Latin America and the Third World.

As 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.

What 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.

Situates the current crisis in the historical trajectory of the capitalist world-system, showing how the crisis was made possible not only by neoliberal financial reforms but by a massive turn away from manufacturing things of value towards seeking profit from financial exchange and credit. Much more basic than the result of a few financial traders cheating the system, this is a potential historical turning point. In original essays, the contributors establish why the system was ripe for crisis of the past, and yet why this meltdown was different. The volume concludes by asking whether as deep as the crisis is, it may contain seeds of a new global economy, what role the US will play, and whether China or other countries will rise to global leadership. Contributors include: Giovanni Arrighi, Gopal Balakrishnan, Manuel Castells, Daniel Chirot, Fernando Coronil, Nancy Fraser, James K. Galbraith, David Harvey, Caglar Keyder, Beverly J. Silver, and Immanuel Wallerstein. The three volumes can purchased individually or as a set. Business as Usual is the first part of a trilogy comprised of the first three books in the Possible Future series. Volume 1: Business as Usual Volume 2: The Deepening Crisis Volume 3: Aftermath The three volumes are linked by a common introduction and can be purchased individually or as a set.

This is the first book to comprehensively examine NGOs as institutional players in the formulation of public policy and the implementation of corporate strategy. The delicate balance between governments and the private sector in managing globalization and influencing broader societal interests is also explored.

Globalization has seismically shifted the relative balance of power between governments and corporations. The influence of NGOs--nongovernmental organizations--on business, government, and society has increased dramatically in recent years, yet their role in the process and outcome of the globalization debate calls for further examination. This is the first book to comprehensively examine NGOs as institutional players in the formulation of public policy and the implementation of corporate strategy. The delicate balance between governments and the private sector in managing globalization and influencing broader societal interests is also explored.

The 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.

Questions 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.

The 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.

The report was written by senior scholars of international studies and Indian Ocean studies and focuses on international relations in Indian Ocean region and covers many aspects of "Indo-Pacific". The report includes both strategic review and major events and related data in this region. This book also includes the origin, the aims, frameworks and regional and global impact of "Indo-Pacific". The book includes the authors from 5 different institutes in China which provide readers with a full and authentic picture of "Indo-Pacific" most recent development. This year's Annual Report is the Sixth of this kind and the only one which covers exclusive on the Indian Ocean region in China.

'This book represents a major contribution to our thinking about modern manufacturing industries - and is not just timely, it is long overdue! The authors have done an outstanding job in bringing to bear a range of multi-disciplinary perspectives on a domain which all too often suffers from rather narrow disciplinary analyses. Ranging from engineering to social science and drawing on examples from the US, Europe and Asia, the book provides not only a wealth of fact and illustration but a rich landscape to inform those charged with industrial policy and manufacturing strategies.' - From the foreword by Sir Mike Gregory, University of Cambridge, UK The Handbook of Manufacturing Industries in the World Economy provides a critical and multi-disciplinary state-of-the-art review and analysis of current manufacturing processes, practices and policies. Expanding our knowledge and understanding of production and innovation, this volume demonstrates that manufacturing continues to matter in the world economy. The contributors, including scholars ranging from engineering to policy to economic geography, cover manufacturing policy and the revival of the industrial base in the US, UK and Canada, and engage national and regional strategies for implementing advanced manufacturing policies. Questions of economic resilience in the wake of the recent recession are asked, and industry and firm case studies are utilised in an international comparative context. Applying a wide range of international cases from the US, EU, Australia and Asia, this approach allows readers to view transformations in production systems and processes across sectors, technologies and industries. Students, scholars and policymakers in the fields of public policy, economic geography, city and regional planning, and business and management will find this collection invaluable in understanding how firms and industries adapt, through dynamic and design-driven strategies, to produce for established and emerging markets. Contributors: M.A. Brown, J.R. Bryson, S. Christopherson, J. Clark, M. Cowell, M. Doussard, D.M. Drake, C.G. Drury, A. Dugenske, M. Feldman, P.L. Forrester, C. Gibson, P.V. Hall, Y. Hansen, C. Harris, P. Jalette, R.V. Kalafsky, W.C. Kessler, G. Kim, D.F. Kogler, L. Lanahan, F. Livesey, N.J. Lowe, L. McCormick, R. Mulhall, S. Ock Park, P. Pavlinek, J. Provo, M. Ronayne, G. Schrock, C.D.Treado, V. Vanchan, S. Walcott, B. Wang, M. Ward, A. Warren, S. Weller, L. Winther, L. Wolf-Powers

This book focuses on the recent rise of new regional economic institutions such as the Chiang Mai Initiative Multilateralisation, the Asian Infrastructure Investment Bank, and the Regional Comprehensive Economic Partnership, which were established, in part, as a result of dissatisfaction of dynamic emerging markets with global economic institutions such as the IMF, the World Bank, and the GATT/WTO. The latter were formed by advanced economies in the West, after the historic Bretton Wood Conference of 1944. In doing so, the book addresses how this recent round of decentralisation, defined as the co-existence of "senior" global institutions and a plethora of newly-established regional institutions, has affected global economic governance, and the delivery of global public goods. It also poses the question if this has led to the fragmentation of global economic governance. The book adds value to existing literature by using a benefit-risk analytical framework to study the decentralisation process. Unlike the "contested multilateralism" argument used by some authors which focuses on the costs of decentralisation, the authors argue that benefits must also be considered. It also describes and analyses the establishment of global and regional international economic institutions and the evolving relationships between the two. Third, the authors argue that this decentralisation process will continue in the postpandemic period and recommend policies to reset the relationship between global and regional institutions. And lastly, the book discusses proposals to reform the international monetary system including the global reserve system with a view to reducing the hegemony of the US dollar. Throughout the book, the role for Asia is also identified, and elaborated on.

Multinational 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.

Socialist 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.

This book explores the hypothesis of the emergence of a 'dependent capitalism' in Central and Eastern Europe. In a first theoretical part, this book presents the main approaches that structure the field of comparative capitalism and then examines this model shaped by the inflow of foreign capital. In an original way, it proposes to integrate the form of the monetary regime into the dependent capitalism analysis and to extend it to Balkan countries. The monetary regime is seen as complementary to the other elements of the institutional configuration of dependent capitalism. In the second part, the authors adopt a historical and empirical perspective. First, they demonstrate how dependent capitalism has emerged in Central and Eastern Europe and the Baltic States over the last 30 years as part of the process of socio-economic transformation that began in 1990. The crisis of 2008 was an indicator of this dependence on Western capital. Secondly, they extend the analysis to the Balkan countries and show that dependence is even stronger for them, particularly in the monetary area, as evidenced by the implementation of currency boards or euroization phenomena.This book is of interest to academics and students, as well as to business and economic policy makers.

Herbert 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.

This 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.

Southeast Asia is going through tremendous changes. The market-oriented economies of Brunei, Indonesia, Malaysia, the Philippines, Singapore and Thailand have been showing robust growth, particularly before the Asian financial crisis of 1997/98. The transitional economies of Cambodia, Laos, Myanmar and Vietnam are also exhibiting signs of economic awakening and revival after years of internal political and social turmoil. Despite these encouraging signs, the region still has a long road ahead to achieve developed nation status.Southeast Asia: The Long Road Ahead is a serious and concise study on various important economic aspects of Southeast Asia. Existing economic studies on the region are mainly topical in nature. Most of the publications only attempt to offer a partial treatment of the issues and fail to examine these issues in a holistic manner. The objective of this book is to provide a more complete cross-country discussion on the economic issues and problems facing Southeast Asia. Besides critically examining the multiple facets of changes and problems that have been and will be encountered by Southeast Asia, the book also presents a lucid exposition on the prospects of the region. However, it does not stop there. It moves on to provide pointers and suggestions on how Southeast Asian countries should proceed with their development options and processes. The book should be of interest to economists, graduate students on Southeast Asia and all those who want to have a better knowledge and understanding of the important Southeast Asian region.In this latest edition, data were updated and new emerging trends explored. A significant portion of the text was redrafted so as to make this edition more compact and concise than the earlier ones. New "Suggested Discussion Topics" are added, and contemporary issues such as the Global Financial Tsunami, Asian economic integration and Michael Spence's World Bank Report are also dealt with.

High oil prices are bound to undermine the U.S. economic recovery, unless global supplies increase significantly. Latin America holds the world's biggest oil reserves after the Middle East, but politics are hindering its potential, especially in Venezuela. Global U.S. security would benefit from a revamping of outdated and misguided idealism-driven policies toward Latin America, which, in fact, strengthen anti-American forces led by President Hugo Chavez.
This is a blind spot in American politics, one that threatens U.S. geopolitical and economic interests. At stake, ultimately, is the U.S.'s ability to navigate a shifting world and protect its way of life. Washington needs a new regional policy not only to neutralize Chavez, but also to secure long term access to Latin America's oil, improve global security, and counter the rising influence of regional players.
"America's Blind Spo"t offers a fascinating and thorough analysis of key geopolitical and economic threats to the U.S., highlighting the need for a new Latin American policy doctrine based on military and strategic priorities.

Volume 10 of the EYIEL focusses on the relationship between transnational labour law and international economic law on the occasion of the 100th anniversary of the International Labour Organisation (ILO). As one of the oldest UN Agencies, the ILO has achieved considerable progress with respect to labour rights and conditions. The contributions to EYIEL Volume 10 assess these achievements in light of current and future challenges. The ILO's core instruments and legal documents are analysed and similarly the impact labour standards have on trade and investment agreements. In its regional section, EYIEL 10 addresses recent developments in the US and the EU, including the US' trade policy strategy towards China as well as the reform of the NAFTA. In its part on institutions, EYIEL 10 focusses inter alia on the role of the rule of law in relation to current practices of the International Monetary Fund and of the WTO's Appellate Body as an international court. Furthermore, it provides an overview of current cases before the WTO. Finally, the volume entails a section with review essays on recently published books in the field of international economic law and international investment law.

There is no shortage of opinion about the International Monetary Fund (IMF). Some see it as the agent of austerity, being manipulated by wealthy nations and forcing poorer countries to pursue economic policies that suppress growth and development. A sharply contrasting view regards it as bailing out such countries with large amounts of soft finance, allowing them to avoid necessary adjustment. The challenge is to evaluate the alternative arguments and to distinguish reality from rhetoric.In this book, the authors undertake a careful and detailed empirical analysis of the underlying issues, covering participation in IMF programs, their implementation and effects on economic growth, and on the willingness of international capital markets to lend. Blending research methodologies and crossing conventional disciplinary boundaries, what emerges is a balanced and nuanced assessment of the IMF's operations that confronts many commonly held views. Unique in its broad scope, this careful examination of the IMF will be of great interest to students and academics in the fields of international economics and international relations. Those involved in international financial institutions and national monetary institutions will also find it to be an impartial and illuminating study.

Working at the intersections of cultural anthropology, human geography, and material culture, Tina Harris explores the social and economic transformations taking place along one trade route that winds its way across China, Nepal, Tibet, and India.
How might we make connections between seemingly mundane daily life and more abstract levels of global change? Geographical Diversions focuses on two generations of traders who exchange goods such as sheep wool, pang gdan aprons, and more recently, household appliances. Exploring how traders "make places," Harris examines the creation of geographies of trade that work against state ideas of what trade routes should look like. She argues that the tensions between the apparent fixity of national boundaries and the mobility of local individuals around such restrictions are precisely how routes and histories of trade are produced.
The economic rise of China and India has received attention from the international media, but the effects of major new infrastructure at the intersecting borderlands of these nationstates--in places like Tibet, northern India, and Nepal--have rarely been covered. "Geographical Diversions" challenges globalization theories based on bounded conceptions of nation-states and offers a smaller-scale perspective that differs from many theories of macroscale economic change.