Restructuring Japanese Business for Growth consists of eighteen previously unpublished invited chapters by experts on Japanese business. It will attract both commercial and academic interest. Japanese business can be expected to continue to be of great importance in global and Asian economics, especially as the Japanese economy is the dominant economy in Asia, being larger than all other Asian economies combined. Policymakers and business people interested in understanding Japanese financial markets will find this book useful. In addition, this book should be a valuable resource for undergraduate, graduate, and executive development courses in international business, global finance, and Japanese business.

This work argues that Russia's postreform crisis can be alleviated. The country has the market, the abundant natural resources and the human skills that foreign investors seek. What it needs is policies that enhance and streamline FDI inflows. Policymakers can learn from the other large emerging markets like China, India, and Mexico, where FDI has revitalized the economy. This book also informs corporate executives about the advantages, over exports, of becoming insiders in a large emerging market through a local operation. The strategic concepts can also be applied by policymakers in other countries interested in attracting foreign investors.

International development has complex unintended effects on the realities of equity, rights, governance, and conflict in poor countries. Yet the myriad moral questions and quandaries encountered at every turn by development policymakers and practitioners are seldom thought about or articulated in a rigorous fashion. Instead, development specialists are trained to focus on the technocratic aspects of economic aid delivery and to disregard the moral issues raised by the adverse collateral consequences of aid programs for many people, communities, institutions, and environments in the developing countries. "Reclaiming Value in International Development" is the first book to bridge the divide between ethics and development from the perspective of a seasoned development practitioner who is also a trained ethicist.

Schwenke formally enlarges the concept of development to include its moral dimension, to denote beneficial change that alleviates human misery and environmental degradation in poor countries and reinforces universal ethical norms such as human dignity, essential freedoms, social justice, peace, civic virtue, human flourishing, the common good, gender equality, safety and security, and participation and inclusion. She applies this ethically expanded concept to nine key topics in international development: education, leadership, procurement, food security, conflict, urbanization, gender identity and sexual orientation, deliberative participation, and the measurement of ethical performance. Throughout the book, the author draws on her thirty years of experience as a development practitioner in thirty poor countries around the world to give vivid real-life illustrations of the classic moral dilemmas in development ethics and to show how moral reasoning can clarify and resolve them.

This book examines the numerous aspects of exchange rates and the dynamics of macroeconomics, focusing on the PPP puzzle, volatility, levels, with an exploration of the real exchange rate misalignment of the Central European countries single equation approach, an examination of the real equilibrium exchange rate in China, exchange rate dynamics and pass-through effects in Russia and Hungary, and structural shocks on economies.

While the Singaporean economy has experienced one of the highest rates of growth in the world over the past three decades, questions have recently been raised about the sustainability of the Singapore development model and its continued relevance in the global economy. This book is a compilation of specially written essays by a select group of leading international scholars. The authors analytically examine a number of related issues pertaining to national competitiveness, structural and macroeconomic concerns and policy options for the Singapore economy in order for it to sustain its economic viability in the global economy. Specifically, the volume aims to: * identify key trends and strategic issues that policymakers and businesses need to be aware of in a highly competitive and technologically sophisticated global economy * highlight what exactly it means to be 'competitive' in the new global economy * hypothesise how to position Singapore in the new global economy for it to remain a thriving and prosperous nation. As the title of the book suggests, while the focus is on Singapore, there are many lessons to be gleaned for other countries in Asia and elsewhere. Scholars of Asian studies, international economics, development economics, public policy and international business economics should find this book of great value, as should policymakers and other policy analysts.

"Managing the World Economy," while recognizing how much has been achieved since the start of the Industrial Revolution, challenges the view that much better results could not have been attained. It argues that faster economic growth and much better use of the available human talent could have been in the past, and should be in the future, achievable targets. The reasons for the performance of the world economy over the past 200 years being well below the achievable optimum stem mainly from misconceptions about macroeconomic policy, which the book sets out to explain and correct.

The process of globalization can be seen in the increase of: trade interdependence, the importance of global multinational corporations, mobility and volatility of capital flows (with dangers demonstrated by the recent Mexican crisis). This globalization creates both dangers and new opportunities, both winners and losers. The parallel growth of regional blocs is equally hazardous, particularly for countries left outside the regional blocs. The book, with contributions by eminent experts, describes the impact of both globalization and regionalization and the relationship between these two dominant trends.

In the second edition of his Global Political Economy, thoroughly revised, David Reisman reexamines the ideological and material underpinnings of the international order in the light of recent research and developments. Taking belief systems such as liberalism, socialism and nationalism as his way into current controversies and debates, he suggests ways in which the conflicting positions can be reconciled. The book ranges widely, from the role of the superpower hegemon and the international organisations to competing currencies, trade agreements, regional pacts, transnational corporations, intellectual property rights and the less developed countries. Global Political Economy is an impartial, multidisciplinary and comprehensive analysis of the lines of force that are pulling the world together even as they are drawing it apart. Offering an insightful picture of economic unions and international trade, this book will be essential reading for students and scholars of economics and finance, global political economy, international relations, and public policy and politics.

In the twentieth century, the United States replaced the United Kingdom as the centre of both the output of economic literature and the international economy. Having examined the structure of influence within the Keynesian and the Anti-Keynesian Traditions, (volume 1 and 2), this volume, the third of the trilogy, focuses more directly on economists and it highlights a multi-layered structure of influence within the policy process. Unpublished archival evidence illuminates aspects of the process by which the USA emerged as a dominant player in the world economy. This volume will be of interest not just to economists but to historians and social scientists, and to anyone interested in this transformation in world history.

This book presents an extensive survey of the theory and empirics of international parity conditions which are critical to our understanding of the linkages between world markets and the movement of interest and exchange rates across countries. The book falls into three parts dealing with the theory, methods of econometric testing and existing empirical evidence. Although it is intended to provide a consensus view on the subject, the authors also make some controversial propositions, particularly on the purchasing power parity conditions.

The current phase of globalization and the increased interconnectedness of economies through trade have influenced the management and growth rates of economies and also the competitive and managerial issues for firms.
This book focuses on three main issues - economic growth and sustainable development; trade, law and regulation; and competitive and managerial issues in international business - from a multidisciplinary, transversal and eclectic perspective.
The themes are representative of the main issues for governments, regulators and international firms in a globalized trading system, while the contents epitomize the specific aspects of economics, sustainability, trade, regulation, law, politics and management.
Adiverse range of contributors with international academic and practitioner experience in their respective fields of expertise provide the varied perspectives and represent disciplines such as economics, law, politics, management and information systems.
The thematic focus of this book is of interest to academics and students as well as practitioners because the themes are particularly relevant to those who are in business in an international context or those in international policy roles in government and regulatory authorities.

"Report on the State of the European Union" examines the progress of European integration and focuses on economic aspects of the process. This third volume in the series explores the EU in light of the current crisis.

This important and timely book examines how corporate governance has and should be developed in China to meet the challenges of enterprise and financial reform. It highlights key economic, social and political issues that China has to confront in order to transform the state owned industrial enterprises into a competitive and modern corporate sector. On Kit Tam critically appraises the main analytical frameworks and models of corporate governance in industrialized countries. He then assesses China's development in terms of current Western debates in relation to the role, function and evolution of corporate governance arrangements. He examines how the Chinese government has adopted a top-down approach combined with a market based Anglo-American model. The author also presents surveys of company directors, managers and supervisors reporting the current environment and analyses the choices available in the light of China's particular problems. He concludes with suggestions for a model of corporate governance in China. This book will be welcomed by economists and those interested in management studies, Chinese reform, international business, Asian studies, industrial organization and business strategy.

Foreign Exchange in Practice, now in its 3rd edition, is the single reference to the foreign exchange market any financial practitioner needs to have. It explains the concepts involved in foreign exchange and their application to real-life situations. The book was originally developed as a textbook for the Citibank Bourse Course, an intensive course available to clients and staff of Citibank to improve their mastery of these complex markets. The course has been taught in 50 countries since 1975. This new edition includes the Euro amongst its currencies, expansion of material on interest rate concepts, exotic options and value at risk.

"If you want to become a doctor, practice in a war; if you want to become an economist, practice in Vietnam." 1 Phan Van Tiem Vietnam is one of many countries presently undergoing fundamental institutional change: the market mechanism is replacing central planning. So far, the achievements are impressive. In the mid-1980s, the country failed to feed its population, suffered from hyperinflation and faced general economic stagnation. In the early 1990s, the annual economic growth rate had accelerated to some eight to nine percent, the inflation rate had fallen to two-digit levels - sometimes even lower - and the country had become one of the world's largest rice exporters. Add some more details - the increased foreign trade, the inflow of foreign investments, the diversification of agriculture, and e various reform measures taken to alter the basic economic structure - and the success story of the Vietnamese transition is told. The country has hence followed the same path as its northern neighbor China, and provided a counterexample to much more cumbersome processes that have been adopted in a number of other transforming countries, notably those of the former USSR. This transition is by no means over. Indeed, it is misleading to think of transition as a process that departs from a well-defined pre-condition and moves towards an equally well defined end-point."

Since the completion of the original writing in 1978, and the publication of this Garland edition in 1987, several important events came to pass which underscored the importance and relevance of the study of the US foreign trade policy toward steel in the late seventies. One can read the story of US trade policy toward steel in 1977-79 as a critical step in the path which has been moving the US from a policy of organised free trade to one where increasing scope is allowed to market forces.

After the Second World War, the economics of the western capitalist countries were based on a production system called fordism, but in the mid 1970s this system began to break down, and it has been in crisis since. But does resolving this crisis imply a complete break with the past, notably with the principles of Taylor and Ford?;Based on an analysis of the transformations currently taking place in several international companies, this book reveals the complexities and subtleties of today's transitions.

The analysis of the transfer paradox has evolved primarily in the context of traditional static models. However, given developments in the policy arena as well in the discipline itself, there is a need for further developments in the theoretical analysis of foreign aid. For example, the impact of aid on saving, investment and growth calls for an intertemporal framework. Development spatial economics calls for introduction of the spatial dimension to the analysis of foreign aid. Similarly, the potential role of aid in conflict resolution, in improving the environment, in public good (infrastructural) provision, in the globalization process, and in the establishment of good governance are some of the issues that also need serious attention.
On the empirical side, the issue of the effectiveness of aid; the determinants of aid; the allocation criteria for aid; the relationship between aid and trade, and aid and poverty remain as important as ever.
This volume contains a comprehensive analysis of foreign aid from both theoretical and empirical perspectives, written by leading researchers in the field.
* Divided into two parts: Theory of Aid and Empirical Studies on Aid
* Examines aid practices in a variety of countries and under a variety of conditions

In 1999 a number of member states of the European Union will adopt a common currency. This change in the monetary system requires that a Eur opean Central Bank is set up and a common monetary policy is pursued. There is general agreement among those countries which are likely to join the common currency that price level stability has to be the ultimate objec tive of monetary po1icy. It is an open issue, however, what kind of policy is best suited for that purpose. The alternative strategies under discussion are a direct inflation targeting, an intermediate monetary targeting or a mixture of both. For these policy strategies a stable money demand relation is of cen tral importance. Therefore a workshop on Money Demand in Europe was organized at the Humboldt University in Berlin on October 10/11, 1997. This research conference brought together academic and central bank econo mists and econometricians predominantly from Europe to discuss issues on specification, estimation and, in particular, stability of money demand rela tions both in a single equation and in a systems framework. In this volume revised versions of the papers presented and discussed at the workshop are collected. The volume thereby gives an overview of money demand analysis in Europe on the eve of the introduction of the Euro in some European countries. It contributes to the discussion on a suitable monetary policy for the new European Central Bank."

The international carriage of goods by sea has been regulated by international conventions. These includethe "International Convention for the Unification of Certain Rules of Law relating to Bills of Lading" ("Hague Rules"); the "Protocol to Amend the International Convention for the Unification of Certain Rules of Law Relating to Bills of Lading" ("Visby Rules"); and the "UN Convention on the Carriage of Goods by Sea." They were adopted in 1924, 1968 and 1978 respectively and the transport industry's commercial needs have since substantially changed. Furthermore the advent of subsequent regimes has resulted in the uniformity in the carriage of goods by sea once provided by the Hague Rules being lost. In order to update and modernize existing regimes the "UN Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea" ("Rotterdam Rules") was adopted on December 11, 2008 by the UN General Assembly and opened for signature on September 23, 2009. Since then drafters of the Rotterdam Rules, academics and practitioners have been publicizing, discussing, and evaluating the Rules. This book is an effort to further explore those same goals.
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This book contains a set of essays by eminent international scholars from Australia, New Zealand, the U.K. and the U.S. It addresses the issues of globalisation and international competitiveness and includes discussions of market power, competition policy and the effects of foreign trade, globalisation and the labour market. The contributors also examine economic integration and regional policy cooperation, trade and communications, economic growth, including export led growth and foreign direct investment in developing countries, and the diffusion of technology.

The Stability and Growth Pact provides for the systematic surveillance of the fiscal policies of 25 EU member states. On this basis, this book provides an overview of themes in current fiscal policy, including the impact of ageing populations on fiscal sustainability, fiscal policy over the cycle, fiscal decentralization and expenditure reforms.

This work is a view of the pressures that Europe faces over the coming decades. It cogently demonstrates how a new world order of market forces is coercing Europe to modernise. Drawing on five years of research, this book shows that for Europe, free markets do not directly equate to greater international competitiveness. Accessible, provocative and stimulating, After Liberalisation provides a radical vision of Europe in the global economy of the twenty first century.