This book analyzes the world economic crisis as the essential background for an investigation into recent problems of Japanese capitalism. Taken into consideration are various socio-political or intitutional factors which affect the concrete course of current capitalist development.;The study raises questions such as why the stable and prosperous long boom of the postwar capitalist world resulted in an unstable period of deep and widespread depression from 1973, what the roles of Keynesianism and Monetarism are in the ongoing process of world economic crises and how the socio-economic positions of working people have been affected by the attempts to restructure capitalist firms.;In so doing, the author hopes to contribute to Marxian social science studies and offer sound social alternatives for the mass of working people.

Since 1990, major banking and current crises have occurred in many countries throughout the world - including Mexico and Latin America in 1994-95, East Asia in 1997-98, and Russia and Brazil in 1998 - with large costs both to the individual countries experiencing the crises and to other nations. As a result, considerable effort has been expended by economists and policymakers to identify the causes of these crises and to design programs with the aim both of preventing similar crises from occurring in the future, and of minimizing the costs when these do occur. These studies have cut across national boundaries, being undertaken by individual researchers and organizations in particular countries, as well as by international institutions. This book collects the papers and discussants' comments presented at a conference co-sponsored by the Federal Reserve Bank of Chicago and the Bank for International Settlements in Basel, Switzerland, and held in Chicago, in early October 1999. The purpose of the conference was to identify and discuss the lessons to be learned from these crises. Topics discussed included reviews of the crises in the individual countries and regions; analyses of the policy responses, both by the affected countries and by official international institutions; what has been learned from these crises; deposit insurance reform; the design of bank capital regulation; the role of bank supervision and regulation; and the future of official international financial institutions, such as the International Monetary Fund and the World Bank. The conference participants included a broad range of academic, industry, and regulatory experts from more than twenty-five countries. Because of the timeliness of the conference and the wide-ranging expertise of the participants, the papers in this book should be of significant interest both to students of financial crises and to domestic and international policymakers.

In this volume the perceptive reader will find many clues to the future of the Soviet Union, Eastern Europe, East-West economic relations and the impact of governments in this area. The authors are aware of the mistakes of the past, the limitations of centralized planning, the dangers and the futility of confrontation and the global significance of the new roles that governments must play in the transitional period of political and economic reform in the East. Some of the chapters may be considered blueprints for reform and of special significance is the fact that in some cases they were written by scholars who are now policy makers.

This book is volume 3 of the proceedings of the World Economic Congress held in Athens in August 1989, under the auspices of the International Economic Association. It considers various aspects of economic policy and development faced by countries with different social, cultural and political systems.;Part 1 deals with agricultural issues, with an emphasis on public choice theory and aspects of welfare in various countries, including the USA and the European Community. In Part 2, food security and nutrition issues are analyzed, and the problems of achieving sufficient nutrition levels and sex bias are tackled, with case studies ranging from sub-Saharan Africa to Bangladesh. Part 3 is devoted primarily to debt, trade and industrialization issues in developing countries. Five case studies are presented, concentrating on Latin America and Africa, and solutions are proposed to intractable problems. Lastly, in Part 4, development within centrally planned economies is considered. The four papers in this section provide an up-to-date assessment of some of the problems of economic transition from central planning to market economy and the implications for the role of central government.

A positive chapter has begun in finance for poor countries. Yet progress remains tentative. This book looks at how to make international finance better serve the needs of poor countries and poor people. It contains contributions by economists and political scientists who have been at the center of the international policy debate.

The books in this set, originally published between 1927 and 1996 discuss the oil industry and its impact on the world economy in the twentieth century. The issues of trade, tax and energy policies as well as national security are all relevant to the economics politics of oil and the volumes analyse and discuss: The extent to which American dominance in world affairs is based on the control of oil resources and the changes which will inevitably take place with the end of the oil era. Discernible trends in such crucial areas as global petroleum supply and pricing, and the international economic and political implications of both. The role of wealth maximisation, and wealth satisficing The impact of North Sea oil and gas on the British economy. Relations between oil exporters and importers, and between the USA, Europe and the Arab world The most important strategic issues facing both the producers and consumers of oil and gas.

This book assesses the extent of the authority that the Organisation of American States holds over the key issues confronting its member states. It explores the extent and significance of the transformation of the OAS since 1991: its roots, the reasons for and extent of its emergence, and the role that the organisation currently plays in the promotion of regional governance in the two key issue-areas of security and the defense and promotion of democratic norms and principles of good governance. By assessing where the OAS has succeeded and failed, Horwitz provides an in-depth explanation of how cooperation and consensus works in the Inter-American system. This study reports on indications that the OAS is looking for ways to act multilaterally in certain security issues, for instance trying to develop a drug regime. The OAS is also actively defending and promoting democratic norms and rules. Presently, the Western Hemisphere is at a crossroads and it is too soon to tell whether the OAS will adapt and succeed or whether the efforts to integrate OAS member states through specific common security policies and the democracy paradigm will add to the list of previous regional integration failures. This book is an important contribution to the debate on the role of International Organisations in shaping the Inter-American system. By looking at specific cases such as the defence of democracy, where the OAS is working through specific agencies and promoting cooperation and consensus, we are able to discern the successes and failures of the OAS.

This book poses a critique of neoliberal economic polices in the EU and proposals for alternatives. The book argues that the economic weakness of the EU is the result of the very restrictive economic policy of the Union and most member states. The book advances from a comprehensive critique of macroeconomic, social and structural policies towards a concrete concept for a democratic European social model based on the objectives of full employment, welfare, social equity and ecological sustainability.

This Handbook adopts a traditional definition of the subject, and focuses primarily on the explanation of international transactions in goods, services, and assets, and on the main domestic effects of those transactions.
The first volume deals with the "real side" of international economics. It is concerned with the explanation of trade and factor flows, with their main effects on goods and factor prices, on the allocation of resources and income distribution and on economic welfare, and also with the effects on national policies designed explicitly to influence trade and factor flows. In other words, it deals chiefly with microeconomic issues and methods.
The second volume deals with the "monetary side" of the subject. It is concerned with the balance of payments adjustment process under fixed exchange rates, with exchange rate determination under flexible exchange rates, and with the domestic ramifications of these phenomena. Accordingly, it deals mainly with macroeconomic issues, although microeconomic methods are frequently utilized, especially in work on expectations, asset markets, and exchange rate behavior.
For more information on the Handbooks in Economics series, please see our home page on http: //www.elsevier.nl/locate/hes

Spain in the EU takes the country's entry into the European Community in 1986 as its starting point and traces changes in the national and regional economy, shifts in national economic policy, and the fundamental restructuring of the public sector. The book identifies the challenges that continue to confront the Spanish policy under monetary integration, as Spain pursues convergence towards the EU model, while retaining national cohesion.

Gerald R. Faulhaber and Gualtiero Tamburini University of Pennsylvania and Universita Delgi Studi di Bologna This book brings together chapters by a group of European and North American economists, all of which focus on a single aspect of the ongoing plan for European economic integration - the role of technology. Indeed, the plan for European integration has many aspects social, institutional, and political. From a broad standpoint, the program approved by the 12 member states of the European Economic Community (Single European Act) in 1986 addresses these problems. Among other things, the Act pro vi des for the progressive establishment of a single internal market by 1992. At its most basic, this single European market means the unrestricted circulation of goods, people, services, and capital, unhindered by borders, tariffs, or restrictive national practices. The actual economic integration as planned by the Single Act will have a variety of consequences. On the whole, there will be the consolidation of the benefits already gained over the 2 Introduction previous 30 years due to the progressive lowering of tariff barriers within the Common Market. In particular, there has a been a shift away from Iimited national markets toward the wider market of the Community. In turn, this expansion of the market promises improved economies of scale and scope for many industries and a more efficient geographic allocation of production."

1998 was filled with economic events that illustrated the changing and complex agenda for American foreign policy in entering the new millenium. In this volume, former senior members of the Clinton and Bush Administrations and a "next generation" of private sector voices set forth and analyze the new intersections between economic strategy and national security. Emerging markets are considered, as well as, new threats and new opportunities that are changing our conception of American security.This book arises from a two-year project by the Council on Foreign Relations, one of the world's premier foreign policy think tanks, to articulate a "Next Generation" approach to American foreign policy. The volume is intended for those interested in foreign policy and as a supplement to university-level courses on international relations and business.The financial, trade, technology and regional and sectoral topics covered by this book are especially timely. World financial markets have showed themselves to be increasingly integrated and volatile with the introduction of new information technologies. Global markets for goods have showed themselves to be more fragmented and more difficult to free because of populist concerns over labor and environmental protections. Meanwhile, electronic commerce will change international economic relations. Regionally, Asia and Russia - our post-Cold War focus - are in collapse. Latin America, our fastest growing market and prospective 21st century focus, is teetering due to the lack of foreign reserves.In addition to these changing dynamics, new economic threats such as corruption and information terrorism counter-balance new opportunities to influence the world through American know-how in technology and venture capital.As evidenced most clearly by the October 1998 vote on Fast Track trade authority for the President, domestic audiences seem to be fueled more by negative messages brought by "economic nationalists" than those who seek a more "internationalist" approach. This communications reality is dangerous and requires attention by the new generation of American leaders who will begin their run for the presidency by the time the book reaches the shelves.This book begins to outline new concepts - political, economic and philosophical - for American foreign policy in the 21st century. In addition, it seeks to drive home the need for the American people to better understand our likely engagement in the new world upon which we are embarking.

This book stresses how the rise of China and India has completely changed the world economy, moving it towards disequilibrium. Several alternative economic policies are tested to seek a way towards high growth in any continent associated with long-run real and financial equilibrium. The Authors argue that a new exchange rate system is required and that a new world governance is needed.

Researchers are beginning to draw attention to the human side concerning the implications of the digital age. Cultural challenges faced by international virtual teams, management dilemmas relative to resource issues when dealing with cultural diversity, and human resource management challenges confronted by technical environments and nationally-qualified labor shortages are on the rise and need to be addressed as society enters a new era. Examining Cultural Perspectives in a Globalized World is a pivotal reference source that provides vital research on the promotion of new cultural models representative of the contemporary world and subject to digital transformation. While highlighting topics such as digital diversity, shared culture, and employee motivation, this publication explores increasing the relevancy of culture in the globalized 21st century as well as the methods of revising current HR management policies. This book is ideally designed for managers, human resources management, executives, sociologists, consultants, practitioners, industry professionals, researchers, academicians, and students.

Price and Markup Behaviour in Manufacturing examines the role that cost, competing domestic and foreign prices, domestic demand and market structure play in determining the price and markup of manufacturing firms across a range of countries and industries. Michael Olive models imperfectly competitive behaviour at the firm level, establishing logical relationships between these variables. Aggregating these relationships gives predictions for price and markup at the industry level. Empirical analysis is carried out by estimating a pricing equation for 11 industrialised countries in Asia, Europe and North America, and for 24 International Standard Industrial Classification industries from 1970 to 1991. The results exhibit a pattern of incomplete pass-through from competing foreign price into industry price and markups that are not fixed. The author illustrates that for higher levels of industry concentration cost becomes less influential in determining industry price, while the opposite is true for competing domestic and foreign prices. This comprehensive and thorough examination of the literature on pricing, the innovative model development and the comparative analysis in this study will be of great interest to government policymakers and academics wanting to keep abreast of new developments in the area of pricing and markup.

This book examines the European Union (EU) coordination of the G7, G8 and G20 (Gx). The author comprehensively maps out the different coordination processes for each Gx forum and assesses the procedures used, the actors involved as well as the evolution of the Gx forum over time.

As global great power competition intensifies, there is growing concern about the geopolitical future of Antarctica. This book delves into the question of how can we anticipate, prepare for, and potentially even shape that future? Now in its 60th year, the Antarctic Treaty System has been comparatively resilient and successful in governing the Antarctic region. This book assesses how our ability to make accurate predictions about the future of the Antarctic Treaty System reduces rapidly in the face of political and biophysical complexity, uncertainty, and the passage of time. This poses a critical risk for organisations making long-range decisions about their policy, strategy, and investments in the frozen south. Scenarios are useful planning tools for considering futures beyond the limits of standard prediction. This book explores how a multi-disciplinary focus of classical geopolitics might be applied systematically to create scenarios on Antarctic futures that are plausible, rigorous, and robust. This book illustrates a pragmatic, nine-step scenario development process, using the topical issue of military activities in Antarctica. Along the way, the authors make suggestions to augment current theory and practice of geopolitical scenario planning. In doing so, this book seeks to rediscover the importance of a classical (primarily state-centric) lens on Antarctic geopolitics, which in recent decades has been overshadowed by more critical perspectives. This book is written for anyone with an interest in the rigorous assessment of geopolitical futures - in Antarctica and beyond.

This text provides a unique examination of the relationship between the state and market in China's economic development over several centuries. Its analysis is situated in the wider context of debates about technical progress in the pre-modern world, about the impact of Western imperialism, about the role of the state in the economic development of poor countries and in the transition of former communist countries from Stalinist systems of political economy. Peter Nolan is the co-author of "Re-thinking Social Economics" and author of "The Political Economy of Collective Farms".

Economic globalization has intensified on the basis of new international links, especially in the field of foreign direct investment, financial capital flows and telecommunications liberalization. These and other developments have reinforced international interdependence and raise new issues for international organizations as well as for strategic behavior of major actors. Based on historical perspectives of evolution of major organizations and the latest developments in the 1990s the analysis focus on financial market dynamics, monetary issues and labor market aspects. Reform options for selected international organizations are discussed including aspects of trade, foreign investment and international externalities. Game theoretic concepts are also applied.

This book contributes fresh theoretical and empirical evidence on patterns of regional production structures, specialization, regional disparities, convergence and divergence processes and evaluation of cohesion policies in both current and future European Union (EU) member states in the context of increased integration. These subjects are addressed in both individual and cross-country analyses using innovative methodologies. The book is an essential reading for a large audience including researchers and policy makers working in the fields of economic integration, transition economics and regional development. The thirteen contributions brought together in this book are the result of recent research undertaken in the framework of a larger project initiated and coordinated by the Center for European Integration Studies (ZEI) of the University of Bonn on determinants of regional specialization, growth and convergence in the context of European integration. A number of these papers were presented to a conference on "European integration, regional convergence, location of industrial activity and labour market adjustment" initiated by the Center for European Integration Studies of the University of Bonn and organized jointly with the Center for European Studies of the University "Alexandru Ioan Cuza" of Iasi, Romania. We gratefully acknowledge the financial support from the European Commission Framework Programme and the Center for European Integration Studies of the University of Bonn.

Worldwide conflict continues to force the migration of citizens seeking safety, shelter, and stability. This conflict-induced migration has social and economic impacts not only on the individuals and families that are forced to flee but also on the communities and environment. Examining the Social and Economic Impacts of Conflict-Induced Migration is an essential reference source that examines the theoretical and practical basis of induced migration in regions under conflict and the impact of sociology and economy on this type of relocation and how it can be managed for global sustainable peace. Featuring research on topics such as conflict theory, media agenda, and state economics, this book is ideally designed for sociologists, economists, policymakers, government functionaries, peace keepers, non-governmental organizations, academicians, researchers, and students.

The papers in this volume cover three major areas of International Business: Developments in Theory, The Foreign Market Servicing Strategies of Multinational Firms and Asia-Pacific Issues. The theory section examines the internationalisation process, the role of management in international business theory, approaches to Japanese foreign direct investment and the contrast between the approach taken to international business by internalisation theorists and that of international strategic management. The choices between exporting, foreign licensing of technology and direct investment abroad are examined in Part II. The foreign market servicing decisions are examined both at the level of the firm and in aggregate at the level of an economy (the UK). The impact of these decisions on competitiveness is evaluated and the role of international joint ventures is examined for the case of the UK. The final section examines current issues in the Asia-Pacific economies. The impact of the Single European Market on Pacific Futures and Government-Business relations (Japan versus UK) are the focus of attention and the taxation implications of joint ventures in China are examined in detail.

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.

This book takes as its subject the intensely private discussions that arise when ordinary people confront life and death choices and struggle with decisions in a world of medical and scientific complexity. Laurie Zoloth began her work in bioethics in a large public California hospital system, where she was part of a group tasked with the creation of an ethics committee in every hospital in the system, that would hear hundreds of cases every year, including pediatric cases from the hospital's intensive care, neonatal intensive care, burn, and oncology units. The book explores the dilemmas presented in these cases and reflects on the competing, often incommensurate moral appeals offered by the participants. It then analyzes the cases against and with similar concepts within Jewish thought, using rabbinic texts to make legible the factors at play as one makes ethical judgments. This philosophical position is feminist as it considers and at times advocates for the inclusion of family and community in the rationale of the clinical setting. Intertwined with legal statements in the Talmud are aggadot, or midrashic texts, literary narratives used to argue a point, or to complicate a point, or to deepen the meaning of the communal discourse, adding history, case studies, or fictive tales to the discussion. Zoloth argues that these texts can be usefully applied to problems in bioethics. She develops the case for a textual turn that is fully imagined and enriched by the many possible re-interpretations of narrative: biblical, rabbinic, medieval, modern, and post-modern.

Economic sanctions have been an increasingly conspicuous feature of world politics since the end of World War 1, owing largely to the decreasing legitimacy of the use of force and the world's growing economic interdependence. Nevertheless, there still exists scepticism regarding their efficacy.;The study is a pioneering effort and investigates the role of economic sanctions in the international community today and their effectiveness and limitations, analyzing more than 30 of the most significant cases since 1918, but focusing primarily on the 1980-81 Iranian Hostages sanctions.