"Economics, Econometrics and The LINK" is a collection of scholarly contributions by leading scholars from the U.S., Europe, and Asia dealing with issues of economics and econometrics. The book contains a learned and erudite exposition of macroeconomics and macroeconomic modeling including national, sectoral, issues exchange rate, environment, international price competitiveness and international linkages. It presents a comprehensive perspective of econometric modeling - country-specific, sector-specific and issue-specific. The volume is a tribute to the work of Lawrence R. Klein from all his friends who share a common agenda, viz. to relate the study of economics to the studies of mankind.

In recent decades the world economy has been characterized by deepening and widening integration. Throughout this time, there have been concerns that this process may foster the geographical concentration of industries, a view substantiated by contributions to the new economic geography. In this book, Barbara Dluhosch opposes this position and presents an entirely different view of the consequences of globalization. Barbara Dluhosch carefully identifies and analyses the main pillars of the new economic geography. She then presents an essentially new approach focusing on the decline of communication costs, and introduces cost competition and technological choice, which have largely been neglected. In doing so, she arrives at fundamentally different conclusions and provides new insights into the consequences of regional integration and the process of globalization. Finally, the policy implications of this are critically evaluated by drawing on experiences of European economic integration.

The book contains selected papers presented at two international Euro-Asia research conferences held in Nantes and Poitiers, France, in 1994 and 1995. These papers are among the most recent empirical works concerned with the analysis of economic transformation and business strategy in the Asia-Pacific region. Various themes are addressed ranging from an assessment of the environment to more specific issues, e.g. business and marketing strategies of firms operating in this region. Countries given particular attention include: China, Japan, South Korea, India, Taiwan and Vietnam. The book represents a comprehensive and up-to-date appraisal of the effects of economic transformation and business strategy of firms operating in one of the world's most dynamic regions.

The European Community and Latin America profiles the power and goals of the European Community and examines the Community's past relations with Latin America and the techniques for their management. Factors significant for this relationship's future are analyzed: the global setting; the two regions' internal conditions; the potential of each to meet the other's needs; and the procedures for handling interregional affairs. Attention is given to the political/security interests of the two regions and the attractiveness, to each, of closer relations with other parts of the world.

This book contains papers presented at a conference held in Vimeiro, Por- tugal, on March 23 and 24, 1991. The purpose of this conference was to discuss several aspects of the portuguese economy, namely issues and prob- lems related with the european integration of 1992. The sponsorship has been provided by the Junta N acional de Investiga~iio Cientifica e Tecno- logica, the portuguese science and technology foundation, as well as by the Banco de Portugal, the central bank. The first paper, by Horta Correia, Cesar das Neves and Rebelo repre- sents an attempt to characterize and to analyze the main features of the portuguese business cycles. Making use of the real business cycle method- ology, the authors contrast the properties of the portuguese empirical regu- larities with those of other OEeD countries and conclude that the economic fluctuations in Portugal seem much more severe. On the other hand, the rel- ative volatility of the various series analyzed, as well as their co-movement and serial correlation properties, are of the same order of those in other DECD countries. Horta Correia, Cesar das Neves and Rebelo evaluate the properties of the portuguese time series in light of the predictions of two dynamic general equilibrium models: a closed economy model and a model of a small open economy. Surprisingly, their closed economy model provides a good fit for the portuguese fluctuations, while the small open economy model predicts unplausibly low volatilities for both aggregate consumption and the trade balance.

The world is seeing a shift in economic power from west to east. Japanese FDI differs from the American example, and this will become crucial. This book tracks trends in Japanese FDI to other Asian countries, suggests future policies, analyzes methodological aspects, and provides an overview of Japanese FDI.

Economists have come a long way in understanding the economic growth process since Adam Smith. Economic growth research has not only had a great impact on policy making, it has also generated a large and diverse literature. Designed to facilitate teaching and research on economic growth, this book will help the scholar and student to navigate the literature on determinants of economic growth. The book's opening essay highlights the important theories and empirical findings, while the bibliography includes over 1,200 annotated entries. International in scope, the volume covers individual-country studies, cross-country comparative studies, and cross-continent and worldwide research.

With chapters arranged by continent and country, the book enables the reader to quickly find titles of particular interest. Although the focus is on English-language titles, the book includes works in other languages as well. Coverage includes both books and articles. With this book, the reader can navigate through the literature accumulated over 45 years in just a few hours.

This book is intended to provide a basic understanding of current issues and problems of economic integration. Identifying economic integration as one of the main features of modern international economics, the authors examine its many aspects and consequences which remain as yet obscure and unexplored. After addressing general issues regarding economic integration, the authors include empirical theoretical analyses of the monetary union, social policy reform, social union, public finance and technological policies.

In late 2008, as the global financial crisis was spreading, so too was protectionism. Despite pledges by G20 and APEC leaders, tariffs were being raised in developing countries and industrialised nations had launched a slew of investigations into "dumped" imports as a means of justifying tariff hikes. The futility of protectionism in a global recession is not a new lesson now and was not a new lesson then - every world leader is and was well aware of the role protectionism played in exacerbating the Great Depression. But even as the global economy is recovering, leaders continue to find themselves torn. Their heart tells them to help industries and workers under stress; their head tells them protectionism will backfire. This book, first published as an eBook in December 2008, collects essays from world-class economists on what global leaders must do to halt the slide towards protectionism. It identifies three areas where world leaders should act: / World leaders must finalise the WTO's Doha negotiations. WTO rules remain the world's best bulwark against 1930s-style trade wars. / All nations should commit to a standstill on raising their applied tariffs and other forms of protection. / Industrialised and developing nations should refrain from initiating new antidumping cases, and postpone imposing antidumping duties wherever possible - economic nationalism should not be allowed to creep in. With protectionism continuing to threaten global prosperity, many of this book's recommendations hold true today.

This book investigates Central America's political economy seen through the lens of its powerful business groups. It provides unique insight into their strategies when confronted with a globalized economy, their impact on development of the isthmus, and how they shape the political and economic institutions governing local varieties of capitalism.

Though considerable research literature is now available on China-India relations, most of it still follows a conventional narrative, viewing the relationship through the narrow conflictual prism limited to South Asia than in the new, larger perspective, especially in the context of emerging East Asian dynamics. This book offers comprehensive analyses of some of these issues in papers addressing two broad themes. One, significant trends in the relationship between China and India on a range of issues, including economic development models, their military strategies, and the boundary dispute; and two, how others are responding to the rise of India and China and their impact on East Asia. Together, the chapters constitute a comprehensive study on both China-India relations and their concurrent rise, including a variety of perspectives and methodologies. Written by some of the top experts on the subject from India, China, Japan, and Taiwan and covering a broad range of issues, the book will generate considerable interest in understanding this relatively neglected dimension of today's East Asia.

China is both the world's most populous country and an important transition economy. It is also a major market for trade and investment. As such, this study of the trends, patterns, issues and problems of trade and investment in recent years is both vital and fascinating.Areas of discussion and analysis in this book include China's trade in a globalized economy, foreign investment after the Asia crisis, the WTO and regional economic development, along with discussion about the relationships with Hong Kong and Australia. Written by nationally and internationally respected experts on the Chinese economy, the book brings together a collection of timely and significant studies on China's trade and investment. The book will be essential reading for scholars of modern China, its economic development and the direction in which it will evolve in the 21st century. Important practical policy implications are reached for use by government, business and academics.

Special Economic Zones (SEZs) have become a popular development policy throughout the world over the last half a century. These zones form designated areas where governments offer businesses lower taxes, tariffs, and often lighter regulations. Generally, SEZs aim to attract investments and raise a country's export and employment rates, but although success stories are often cited, there are numerous failed projects that have instead become burdens for their host countries. This book examines SEZs from a political economy perspective, both to dissect the incentives of governments, zone developers, and exporters, and to uncover both the hidden costs and untapped potential of zone policies. Costs include misallocated resources, the encouragement of rent-seeking, and distraction of policy-makers from more effective reforms. However, the zones also have several unappreciated benefits. They can change the politics of a country, by generating a transition from a system of rent-seeking to one of liberalized open markets. In revealing the hidden promise of SEZs, this book shows how the SEZ model of development can succeed in the future. Applying frameworks from various schools of political economy, this volume places SEZs in the context of their mixed past and promising future. It is essential reading for anyone with an interest in international economics, development economics, and political economy, including practitioners and consultants of SEZ policies.

The book brings together the two major developments of the past decade: the collapse of the Soviet Union with the subsequent abolition of the East-West conflict on the political side and the development of 'globalization' on the economic side. It is shown that both of these drastic changes has resulted in an increased demand for regulation and guidance by international organizations, which in turn were pressured by their own need for reforms and adjustment to the changing international agenda.

The global business area has witnessed a remarkable radical change. The recent spectacular rise of emerging economy multinationals sets numerous questions requiring explanation and understanding. Successes and Challenges of Emerging Economy Multinationals investigates a broad variety of cases presenting clear evidence of fast successful internationalization of emerging economy multinationals originating not only from big economic players such as China, India and Russia but also from other successfully internationalizing emerging countries, namely South Africa and Poland. In terms of size, the firms vary from huge multinational firms such as Huawei, Tata and Gazprom, to really small high technology firms. The in-depth analysis conducted in this book leads to the indication of numerous novel directions for further theoretical expansion and new empirical research.

This important book presents a comprehensive and up-to-date introduction to the subject of international sanctions. It provides summaries of fourteen major cases, including South Africa, Iraq and Serbia, and analysis of the complex political and economic problems which sanctions pose for governments of sender states as well as for targets. Goals, costs, vulnerability and humanitarian considerations are examined in the light of 20th-century experience and the enhanced role of the United Nations since the end of the Cold War receives detailed consideration.

Reissuing works originally published between 1938 and 1998, this fascinating collection of books on global economics is a superb resource in international politics, finance and industry as well as economic thought and history. Some works look at individual industries or parts of the world while others present a wide view of international policies.

Exploring the development of the European Union, this book examines the ways in which it has been studied over fifty years from the vantage point of four disciplines, each side of the Atlantic, and both academic and practitioner perspectives. Drawing on contributions by some of the world's leading scholars in the field, it maps the past and present of both the EU and EU studies before setting out a provocative agenda for future work in the area.

At a time of global economic crisis and disillusionment with capitalism, Adodo offers refreshing and positive insight into a more integral way of business management, enterprise and community development as well as holistic healing in Africa. For over three decades, Africa was the recipient of billions of dollars in aid funds that were meant to catapult the continent from undeveloped to developed status. Yet the more the aid poured in, the poorer African countries became. The devastating effect of western economic models in Africa that followed is well documented. Integral Community Enterprise in Africa exposes the limitations of existing theories, such as capitalism, socialism and communism, and shows how western theories were imposed on Africa. Such imposition of concepts and ideas is not only demeaning but also unsustainable, serving only the interest of the elite. Father Anselm Adodo argues for the need to have a southern theory to serve as an alternative to western theories. The majority of African intellectuals and activists, while criticizing existing theories, often do not provide alternative theories to address the prevalent inadequacies entrenched in conventional social, political and economic systems. This revolutionary book aims to address this lapse and proposes the theory of communitalism as a more indigenous, sustainable and integral approach to tackling the social, political, economic and developmental challenges of today's Africa. There is an African alternative to capitalism, socialism and communism - a surer path to sustainable development in and from Africa. This is a book that is positioned at the very core of a much needed African Renaissance. A profoundly new approach to development in Africa, this is essential reading for anyone concerned with authentic development in Africa and in the world.

This edited volume highlights the interplay between the evolving institutions and the growing economic dynamism of the Indian economy. The book provides a state of the art interdisciplinary review of the Indian political economy and cultural psychology and it draws upon the contribution of academic scholars who are intimately familiar with India.

The recent earthquake in Kobe posed an unexpected threat to Japan's future as a leader in world trade and investment. In the aftermath of such an event, Japan--U.S. relations are likely to become increasingly important as Japan seeks to rebuild itself and encourage international investment.

Trade and Investment in the 1990s provides crucial insight on the future of Japan--U.S. relations. Presenting views of such distinguished economists as Nobel Laureate Paul A. Samuelson, this volume covers such topics as Japan--U.S. relations under the Clinton Administration, trade negotiations, international competition and investment, and recent economic and financial trends. A compilation of recent lectures sponsored by The Center for Japan-U.S. Business and Economic Studies at New York University, this volume is sure to be of use to all those interested in the critical relationship between Japan and the U.S.

Central and Eastern European countries are entering the development race at a crucial juncture in EU enlargement and the wider phenomenon of globalization. In the face of hesitant and controversial EU policy, these countries need to engage sound development strategies. International production networks are expected to be decisive in helping them strengthen their competitiveness and establish knowledge based economies. Julie Pellegrin looks at whether and how production networks develop in Central and Eastern European countries and assesses their chances of catching up with the rest of Europe.

This open access book focuses on public actors with a role in the settlement of investment disputes. Traditional studies on actors in international investment law have tended to concentrate on arbitrators, claimant investors and respondent states. Yet this focus on the "principal" players in investment dispute settlement has allowed a number of other seminal actors to be neglected. This book seeks to redress this imbalance by turning the spotlight on the latter. From the investor's home state to domestic courts, from sub-national governments to international organisations, and from political risk insurance agencies to legal defence teams in national ministries, the book critically reviews these overlooked public actors in international investment law.

How has China approached the global economy? Webber, Wang and Zhu attempt to answer this question through analysis of the concepts of globalization, transition and regionalization. China's approach has been experimental, stressing the liberalization of trade and investment flows and the development of a market economy. By these indexes globalization in China has been gradual and uneven. Integrating Western social science and Chinese research, this book assesses the nature and effect of globalization in China and its implications.

Little attention has been paid to the role of the European economies, and notably of the euro area, in the current global imbalance of international payments and growth rates, leading to somewhat simplistic views of Euroland contributing to limiting those imbalances and providing a template of economic policy for the twenty-first century. In addition, an influential view continues to stress the need for deeper and more comprehensive supply-side, structural reforms as a means to protect Euroland from potentially adverse global developments and play a positive role in the orderly correction of global imbalances. The contributions in this volume challenge this view and compellingly question, from a variety of angles, many popular beliefs about the road to virtues of Euroland, providing a comprehensive and fresh framework to address important questions for the future of the euro, from a critique of current macroeconomic policy institutions to proposals for both soft and tougher modifications of euro institutions, all pointing to a key question for the future of Europe: will the single currency project contribute to world economic dynamism or will it be driven by the vigour and vitality of others? Will Euroland act as global player or global drag?