This book addresses topics and issues of high relevance to the widely shared desire to promote inclusive growth, sustainability, and innovation within a context of global governance. It is based on the XXXth Villa Mondragone International Economic Seminar, where leading experts met to discuss the latest research and thinking on different aspects of globalization, trade, inequalities, growth imbalances, green technologies, the labor market, and financial systems. The aim is to stimulate new responses and possible solutions to a variety of well-recognized problems, including low growth in real wages, stagnating productivity, and growing disparities in income. Some of these problems are especially evident in Europe, where austerity policies have failed to deliver adequate growth and investment. However, while a number of the contributions focus on aspects of particular importance to Europe, others look further afield, for example to the scope for innovation in Africa and to experiences with quantitative easing in Japan. The book will be of wide interest to academics, researchers, policy makers, and practitioners.

The Arab upheaval and the world's biggest financial crisis after the Great Depression were almost simultaneous in their occurrence. The Mediterranean economies now face a dual challenge of a political and financial restructuring in the light of a shaky economic pedestal on which they stand. In light of this socio-political and economic shift in both inland and in world markets, this book offers a thorough analysis on problems, prospects and the way ahead for the financial integration of the South-Mediterranean region. Several perspectives on financial integration and policy recommendations are put forward from a leading group of researchers specializing on the Mediterranean region.

This volume brings together a distinguished group of contributors from European universities and research institutes as well as U.S. finance and economic institutes to examine a broad range of issues related to the current and future roles of international and European monetary systems. Among the topics covered are the relationship of each system to the U.S. dollar and its fluctuations vis-a-vis the Japanese Yen and German Deutschmark; the effect of fiscal policies on monetary systems; the role of the European currency unit; exchange rate management and international coordination; the theory behind, and policy implications of, over- and undervalued currencies; and the prospects for future currency unification and currency competition. Students of international finance and trade, international economics, and monetary theory will find this an important contribution to debates over international monetary policy.

Divided into two major sections, which address the international and European systems respectively, the book begins with three chapters that examine the exchange rate system of a managed float with respect to the dollar. The fundamental question addressed by the authors is whether this system, which has predominated in the last decade, has contributed to increasingly unstable real exchange rates. The following two chapters examine the role of the IMF's special drawing right and the appropriate exchange rate regime for developing countries. The remaining chapters focus on the European Monetary System, and explore such issues as the convergence of monetary and fiscal policies within the European Monetary System and the role of the private European Currency Unit. A bibliography is included for those who wish to pursue further research on these topics.

What impact do international economic inputs have on human rights in Third World nations? William Meyer explores the effects of direct investment by U.S. multinational corporations, economic and military aid, and MNC manufacturing plants. He examines the international political economy of human rights at both the national and the international levels. Case studies are combined with quantitative studies that use aggregate cross-national data, and theories that link MNCs to human rights are subjected to empirical testing. As Meyer illustrates, at the national level, human rights violations are associated with U.S. MNCs in Chile, Honduras, India, Indonesia, and Mexico. MNCs have been especially guilty of violating labor rights, particularly through their reliance on sweatshops. MNCs have also been responsible for widespread pollution and environmental degradation. At a broader international level, increased investment by MNCs tends to go along with human rights improvements in the Third World as a whole. Meyer shows that there is a broad positive relationship between direct investment by MNCs and broader political rights and improved living standards. Aggregate data are also analyzed for human rights as compared to U.S. economic and military aid. Economic aid is found to be associated with improved civil-political rights and improved socioeconomic rights. Military aid, by contrast, is associated with declining levels of civil rights and with lower levels of social welfare. This book will serve as an important study for researchers, activists, and students of human rights.

The analysis of any monetary policy framework necessarily extends beyond the confinements of the central bank. A country's monetary framework can depend on many factors such as: its form of government; its legal system; the level of expertise in monetary policy matters that exists inside and outside the central bank; the country's financial institutions; as well as wider characteristics including the political system and level of literacy. This broad ranging collection focuses on the monetary policy frameworks used by central banks and governments in their attempt to achieve their various goals, of which price stability has become increasingly unpopular. It assesses the links between targets and central bank independence, accountability and the transparency of monetary policy. Based on data collected through a questionnaire completed by over 70 central banks in industrialized, transitional and developing economies, the analysis shows how the detailed characteristics of a monetary framework depend upon: structural differences; varying degrees of indexation and other nominal rigidities that affect the speed of transmission from monetary policy to inflation; and institutional arrangem

This book is divided up into three sections. The first deals with the problem of the World economy and the most important issues affecting the World economy. The second analyses problem mainly affecting the developed countries. The third analyses the issues in the developing countries particularly in the BRIC countries.

In the years since World War II, the United States and other countries have created a new economic order which has produced one of the broadest and most sustained periods of prosperity in world history. The essence of this new economic order is a system of rules to govern, facilitate, and promote trade in goods and services. The result is applauded by some and condemned by others. This study discusses the roles of money, systems, and growth in the emerging, new economic order. Studying the roles of money, systems, and growth are important for gaining insight into the likely behavior of economies such as China's. A nation as large as China could undermine the ability of other countries to impose politically difficult economic disciplines. There is need for caution. The upheaval in Asia that is affecting the world's largest markets is a case in point. Failure to implement reforms consistent with the rules of the new economic order has pushed such countries as Albania, Romania, and Macedonia close to becoming Europe's hidden Third World. The power of monetary policy and economic growth to either facilitate or hinder a country's readiness to adopt the rules of the new economic order is underscored in this study.

This book explores financial stability issues in the context of East Asia. In the East Asian region financial stability has been a major concern ever since the Asian crisis of 1997/98, which still looms large in the collective memory of the affected countries. The global crisis, which had its starting point in 2007, only served to exacerbate this concern. Safeguarding financial stability is therefore a major goal of any country in the region. Diverging cultural, political and economic backgrounds may however pose different stability challenges and necessary cooperation may be complicated by this diversity. Against this backdrop the contributions of this book by leading academics from the fields of economics and law as well as by practitioners from central banks shed light on various financial stability issues. The volume explores the legal environment of central banks as lenders of last resort and analyzes challenges to financial stability such as shadow banking and the choice of exchange rate regimes. Case studies from China, Japan and Indonesia are contrasted with experiences from Europe.

This book gives readers the theoretical and empirical methods to analyze applied economics. They are institutional economics, information economics, environmental economics, international economics, financial economics, industrial organization, public economics, law and economics, and spatial economics. Because the chapters of this book deal with current topics in these categories, they are relevant not only to researchers and graduate students but also to policy makers and entrepreneurs. As there is uncertainty about the global economy, it is necessary to consider optimal, efficient behavior to survive in the confused world. The book is organized in three parts. Part 1 deals with institutional economics, information economics, and related topics, approached through game theory. Part 2 focuses on environmental economics, international economics, and financial economics, through a microeconomic or econometric approach. Finally, Part 3 concentrates on public economics, social security, and related fields, through microeconomics or macroeconomics.

"The Next Cold War?" sounds a warning: the United States may be contributing to another cold war through its competitive unilateral and regional economic policies. Whereas wars of the past usually resulted from political conflict, Hanson warns that a new cold war may result from economic conflict. This raises important questions for American policymakers. Will the United States be a world leader that promotes cooperation and unity, or will it seek to create competition and division? Will the United States address the basic problems of population, environmental deterioration, and economic stagnation in concert with other nations, or will it pursue narrow geopolitical and geoeconomic power strategies? This fascinating work explores both sides of these questions and poses alternatives that will promote world cooperation and unity.

This compendium of essays brings together some of William Baumol's most distinguished and acclaimed papers with some that are more rare, including a discussion of the growth and innovation mechanism that accounts for the unprecedented growth performance of the market economies. Amongst many other papers of note are a discussion of appropriate regulatory principles for privatized and deregulated firms, and a survey of the accomplishments of economists in the past century and the past millennium. This collection includes the following essays: * Productivity Growth, Convergence and Welfare: What the Long-Run Data Show * On the Possibility of Continuing Expansion of Finite Resources * Social Wants and Dismal Science: The Curious Case of the Climbing Costs of Health and Teaching * Towards Microeconomics of Innovation: Growth Engine Hallmark of Market Economics * Use of Antitrust to Subvert Competition * Predation and the Logic of the Average Variable Cost Test. The papers engage with an eclectic range of issues and represent a vignette of the author's varied contributions to the economic literature.

This book compiles the presentations and discussions from the international symposium "Beyond Global Capitalism" that was held with the contributions of Emmanuel Todd, Ha-Joon Chang, and other scholars in Kyoto, Japan, in 2013. The book is intended make the reader aware that global capitalism, or globalism, has increased its power in recent years, bringing about a variety of harmful effects to the peoples of the world. Drawing upon a variety of academic disciplines including economics, political economic science, economic thought, anthropology, history, and political science, the contributors to this book identify theories and strategies for overcoming the worldwide problems that have been caused by global capitalism. The discussions presented here foster the development of theoretical and practical frameworks for a global economy that moves beyond global capitalism. They also argue for the development of a stable, rich, and resilient economy and society that enhances the well-being of people all over the world in the twenty-first century.

A comprehensive survey of the countries and territories of this region, incorporating the latest economic and political developments. General Survey Essays by acknowledged experts in the region cover a variety of topical issues. In addition, appendices discuss the religions of the region and the Russian Baltic territory of Kaliningrad. Country Surveys Individual chapters for each country, containing: - information on physical and social geography - a detailed chronology of political events, both recent and historical - essays on each country's political history and economy - a statistical survey - an extensive directory of contact details for political, state and commercial institutions and organizations in the region (covering national and local government, political organizations, diplomatic representation, the judicial system, religion, the media, finance, telecommunications and broadcasting, major companies, transport, tourism, culture, social welfare, the environment, defence, education and more) - and a select bibliography. Who's Who in Central and South-Eastern Europe Biographical details for more than 200 of the region's leading political figures. Regional Information Contact information and extensive details of the activities of regional and international organizations active in the region; a list of research institutes that focus on the region, together with contact details; and select bibliographies of both books and periodicals.

The economic relationship between the U.S. and China during the 1940s has long been neglected, with few scholarly works focusing on the period. This era was overshadowed by the political and diplomatic changes during and after the failure of the Nationalists in 1949. Without a close and insightful look into the reconstruction of China with American involvement during the late 1940s, one cannot identify the problems which led to the Nationalists' failure, nor can one answer the questions dealing with the impact of American economic policy toward China during that time.

Trade policy has played a vital role in the decline of European electronics business. The events that resulted in the disappearance of the European television industry, of a European and Japanese video recorder format and of other European consumer electronics are directly related to market structures in exporting countries and business practices. In this book, factual business data shows and economic models explain how restrictive trade practices result in elimination of efficient competitors in export markets. It deals with the memorable case how a videocassette recorder format was established by dumping and how politics enabled it. An innovative tariff increase for CD players was invalidated by heavy dumping, causing closure of production in Europe. European CTV industry succumbed under permanent dumping and a series of biases - as the interest of a state-owned company - and serious errors making trade instruments void and rules irreconcilable with international agreements. Practical and theoretical examples and explanations, some in detail, of trade rules are provided. The book sketches events - carelessness, prejudice or special interests, arbitrary and false application of trade instruments and fraud - resulting in disappearance of various European electronics business segments.

Kessler shows how political considerations distorted the liberalization process in Mexico, leading to inconsistent and unsustainable patterns of financial policy. Although market reform is promoted in developing countries to improve economic efficiency and stimulate growth, in Mexico financial liberalization provided rent-seeking opportunities for privileged groups and increased the states' ability to finance politically inspired obligations. The research examines four periods: the populist administrations of Echeverria and Lopez Portillo, during which the foundations of modern financial markets were paradoxically laid; the debt-crisis years of de la Madrid, who reversed his party's political strategy by favoring the business class with financial opportunities; the economic transformation undertaken by Carlos Salinas, who mixed genuine reform with destabilizing anti-market measures; and the political watershed of the Zedillo administration, whose unpopular bank rescue gave opposition parties unprecedented power within Mexico's policy making process. Kessler also provides a comparison of financial collapse in two other emerging markets, South Korea and Russia, and examines the political roots of crisis in both countries. He concludes by suggesting how greater attention to questions of power, social organization, and challenges to state authority can help the policy-making community avoid giving well-meaning advice that is unlikely to be implemented in a sustainable way.

To call Japan an economic superpower is perhaps an exercise in stating the obvious, but the importance of its continuing dominance in worldwide industries cannot be overlooked. The very industries that were supposed to be immune to Japan--in particular, those in high-technology--are coming under the increasing control of that country's firms. This book deals with the issue of global competitiveness, analyzing the transition that Japan has made from being a technological follower to a technological leader, and it provides a fuller understanding of the strategic use of technology by Japanese companies. David Methe focuses his study on the integrated circuit, a crucial development that affects numerous high technology products. How the Japanese were able to dominate a vital industry that had been invented and pioneered by the United States is a profoundly important question for American companies that wish to become internationally competitive.

Based on two years' of primary research conducted in Japan, Methe stresses the importance of technological strategy, and how it can be used by companies to compete effectively. From his interviews with CEOs of leading Japanese high technology firms and officials of various government agencies, Methe illustrates the subtle balance of competitive and cooperative forces, not just the cooperative aspects of industrial relations, that played a critical role in Japan's emergence as a major innovator in semiconductor technology. Noting the same competitive balance in government-sponsored research, he develops his central thesis that there are reciprocal relationships between the characteristics of technological innovations, a firM's strategic approach to technology, and public policy. Finally, Methe turns his findings toward U.S. firms engaged in the next stage of global competition, fully assembling the implications and suggesting planning strategies that will be effective in the international marketing of high technology products. Companies involved in the manufacture, marketing, and sales of high technology products will find this work to be an invaluable resource tool, as will students in business and marketing programs and public and academic libraries.

With China replacing the United States as the world's leading energy user and net oil importer, its relations with the Middle East is becoming a major issue with global implications. Horesh and his contributors set out to analyse the implications of China's growing presence in the Middle East.

Structural Revolution in International Business Architecture Volume 2 fills important gaps in the existing literature of management science by providing new and improved methods of optimal control system modeling. These research methods are applied in a variety of problems of management science and national economic management. Applications are on oil field development, energy system modeling, resource modeling, time varying control of dynamic system of national economy, and investment planning.

Singapore, South Korea and Taiwan - East Asia's newly industrialised economies (the NIE-3) - experienced a profound development transformation over recent decades. Christopher Dent makes a comparative study of their foreign economic policies, highlighting how the NIE-3 have engaged with the international economic system in an increasingly dynamic way. The book develops a new macro-framework of foreign economic policy analysis that provides the structure for this study. The author argues that the 'development context' of the NIE-3's foreign economic policies is grounded in their common development statism and semi-peripheralisation. He further contends that it is the pursuit of economic security that primarily motivates their respective foreign economic policies. This new conceptualisation of economic security in the context of foreign economic policy will appeal to academics, researchers and students in wide range of disciplines including: Asian studies, international relations, international political economy, economics and politics.

Do your students understand the global economy? This guide, written by a nationally known teacher of economics, provides a clearly explained, engagingly presented introduction to the global economy and a wealth of the most recent information, statistics, and primary materials on all aspects of the topic. Written specifically for students, the guide includes a narrative discussion defining and discussing the global economy in its historical and contemporary context; a variety of essays on a number of important aspects of the global economy; a timeline of events; a selection of important recent primary documents for critical thinking assignments and research papers; a glossary of selected terms; and a useful annotated research guide of books, films and videos, and recommended Web sites. This guide is a must purchase for school and public libraries and classrooms.

A variety of materials makes this an indispensable tool for students. In addition to a thorough narrative discussion of the global economy in its historical and contemporary context, O'Connor provides four essays with specific examples and many charts, tables and statistics, as well as published editorial cartoons from nationally known political cartoonist Bob Englehart of DEGREESIThe Hartford Courant DEGREESR, on these topics: international trade and regional trade organizations; multinational corporations; the have and have not countries; and global challenges for the 21st century. Fifteen prmary documents published in the last few years offer a variety of viewpoints on the global economy, from the DEGREESIEconomist's DEGREESR Case for Globalization to the role of NGOs, the position of labor organizations, the World Bank, the World Trade Organization, and the President's Economic Report for 2000--all of which will stimulate critical thinking skills. The annotated research guide provides needed print sources and Web sites for further research, as well as recommended films and videos for classroom use.

In a rapidly globalizing world, commercial relations and regional trade integrations between countries have improved. Analyzing trade relations both inside and outside countries allows for economic improvement. Globalization and Trade Integration in Developing Countries provides emerging research on the difficulties and challenges developing countries face in world trade as well as their performance. While highlighting topics such as economic growth, foreign trade policy, and trade competitiveness, this publication explores the trade integrations and commercial trends in advancing countries. This book is a vital resource for policy makers, government agencies, businesses, academicians, researchers, and students seeking current research on the advantages and techniques of improved international markets and trade.

Inequality is becoming an urgent issue of world politics at the end of the twentieth century. Globalization is not only exacerbating the gap between rich and poor in the world but is also further dividing those states and peoples that have political power and influence from those without. While the powerful shape more `global' rules and norms about investment, military security, environmental and social policy and the like, the less powerful are becoming `rule-takers', often of rules or norms they cannot or will not enforce. The consequences for world politics are profound. The evidence presented in Inequality, Globalization, and World Politics suggests that globalization is creating sharper, more urgent problems for states and international institutions to deal with. Yet at the same time, investigations into eight core areas of world politics suggest that growing inequality is reducing the capacity of governments and existing international organizations to manage these problems effectively. The eight areas surveyed include: international order, international law, welfare and social policy, global justice, regionalism and multilateralism, environmental protection, gender equality, military power, and security.

The Rebirth of the Greek Labor Market provides evidence of the macroeconomic evolution of the Greek economy, as well as current conditions in the labor market, to suggest potential areas of growth following the crisis. The contributors of this collection focus on three main issues that make the overall volume distinctive. Firstly, the authors develop a macro-econometric model for the Greek economy, which is flexible in terms of policy analysis and provides reasonable forecasts for the period between 2014-2020, under three scenarios. Secondly, the authors analyze the dynamism in the Greek economy, as well as the problematic Greek labor market. Lastly, using the estimations provided by the macro-econometric model developed, an input-output analysis is conducted - for every one of the three scenarios - in order to investigate and quantify the impact of the economic crisis, not only to the total employment but also in the number of employees by occupation, for all productive sectors of the economy. Using this structure, this indispensable new volume identifies the occupations, professions, and sectors with the greatest losses, as well as those showing a positive momentum, up to 2020.