International Monetary Cooperation among the United States, Japan, and Germany offers a first - and overdue - book- length study of counterproductive cooperation. It takes to task the critical importance of conducting systematic theory-guided empirical research to examine the validity of arguments that international monetary cooperation could be highly counterproductive. This book combines various methods - formal, quantitative, and qualitative - to study the theories of counterproductive monetary cooperation by focusing on the cooperative episodes among the major industrial countries - the United States, Japan, and Germany. For the first time, this book presents all theories of counterproductive cooperation in one place, subjects them to systematic, empirical scrutiny in the light of the experience of G-3 (U.S., Germany, and Japanese) cooperation since the 1970s, and suggests policy recommendations in the light of the findings.

In this timely and unique study, the innovations in India's information (IT) industry are examined in detail. Globally the IT Industry has experienced phenomenal growth. The book examines the issues surrounding the analysis of the Indian IT sector on a global, national, regional, firm, and product level and the significance of national policies to sustain the competitiveness of the Indian IT sector.

The book deals with both the short and the long-run effects of the Uruguay Round: the reduction in the obstacles to trade, the enlargement of the multilateral system, the new institutional framework and the balance between regionalism and multilateralism in world trade relations. Its conclusions are based on theory, political economy and empirical analysis.

Challenging the prevailing view of privatization, this book analyzes the state of privatization around the world and offers policy suggestions. It includes original material of an analytical, empirical, and case study nature on the theory and practice of privatization, its relationship with the globalization of capital, its political and ideological underpinnings, its political, social, and economic consequences around the world. Its originality, currency, and critical perspectives make it a unique source for a wide variety of audiences.

The book's opening chapters deal with an extensive theoretical introduction followed by discussions on contracting out, public enterprise reform, and UN-led evaluations of contracting performance. In part two, the book turns to privatization and its flaws in major industrialized nations, including the United States, France, Germany, United Kingdom, and Australia. Part three analyzes privatization and its effects on policy and administration in Asian and Middle Eastern countries, including Post-revolutionary Iran, India, Singapore, Hong Kong-China, and Arab developing countries. Arguing that privatization is a poor policy with many dangers, the book offers suggestions for serious reform of public enterprise management and for alternatives to privatization.

One of the most troubling developments of the past two decades has been the dramatic rise in inequality among nations and within nations. This book examines the nature of this development in a variety of countries and contexts - China, Russia, Australia, Latin America, Italy - where the rise of inequality has not been studied as intensively as the US or UK. It also presents analyses of some potential causes and consequences of the rise in inequality.

As the world economy becomes more integrated, products become more globalized. Airplanes, automobiles, computers, watches, and garments are among products whose constituent parts are made all over the world. This volume presents arguments and evidence showing that this process is benign: it raises competitiveness, creates jobs, and enhances economic welfare.

More and more Third World countries are providing development assistance to other developing countries. This book examines a range of these "South-South" aid projects sponsored by such countries as China, Korea, Cuba and Brazil.

The global economy is currently going through a period of transformation that has seen Asia emerge as the most rapidly growing, industrializing and modernizing region in the world economy. Whilst the rest of the world struggled during the financial crisis of 2007-9, Asia played the role of a linchpin for global economic recovery. This book analyzes the growth of key Asian economies in the latter half of the twentieth century, followed a little later by China. Notwithstanding the diversity in the region, rapid growth was instrumental in integrating the Asian economies initially in a market-led manner. Dilip K. Das focuses on the interactive dynamics and the process of integration in the region, exploring the synergy created as well as the resulting symbiotic growth among the Asian economies and China. Written in a clear, comprehensive and critical manner by a world class expert in the field, this book brings together the contemporary academic and policy debates on the issues under examination. As such it is an essential read for students and scholars of economics, international political economy and Asian Studies as well as MBA students.

The US is slowly recovering from the aftermath of the burst of the "new economy" bubble--which was one of the worst in monetary history. Philip Arestis and Elias Karakitsos examine the causes and consequences of the burst of the "new economy" bubble and investigate the impact on financial markets. The risks and long-term prospects for the economy and financial markets are also examined.

Erik Banks, responsible for global risk management at Merrill Lynch in Hong Kong, has written another text on the derivatives field covering innovation in these instruments in Asia Pacific. The text acts as a detailed reference on the nature of these markets and the prospects for the Asian derivative markets, both listed and OTC. He also includes an analysis of the Australian, New Zealand and Japanese markets to fit the emerging markets into context.

This book presents a detailed account of the development of strong and substantive economic relations that existed between Singapore and China since the time when the two countries established diplomatic ties in October 1990. The chapters provide a comprehensive discussion of the main areas of cooperation, such as the institutional framework for pursuing economic links, the Suzhou Industrial Park, the Sino-Singapore Tianjin Eco-City, investments, trade, finance, tourism and education. The economic opportunities and challenges in these economic sectors in the two countries are examined in the context of the profound political and social changes taking place in mainland China and the globalization of the world economy.

The book will be invaluable to policy-makers, academics and students specializing in Chinese studies, as well as businessmen and the general public interested in seeking a greater understanding of the complex economic relations between the two nations.

In the new global economy, more countries have opened up to international competition and rapid capital flows. However, in the triad the process of globalization is rather asymmetric. With a rising role of multinational companies there are favorable prospects for higher global growth and economic catching-up, respectively. Theoretical analysis suggests key ingredients of sustained growth, but there is also a new concept of a long-term equilibrium income gap in which convergence is rather unlikely. The analysis also picks up European and US labor market issues in the context of economic globalization and raises the question of which EU policies in the field of labor market reform and of innovation policies are adequate.

This book provides a historical narrative to tell the story of interwar German reparations the debates, controversies and diplomacy surrounding the issue from the 1919 Paris peace conference to the abandonment of reparations at the Lausanne Conference in 1932.

"The New Energy Crisis" comes from the recent intrusion of climate change issues into energy economics and geopolitics. Global warming suddenly reveals that the current evolution of the world energy consumption is on an unsustainable path. This book explores economic and geopolitical tensions and reinforces ways to overcome the crisis.

The single market has been operating in Europe since 1 January 1993 but the twelve national fiscal systems remain independent. How will this be resolved? Harmonization and coordination or fiscal competition with distortions in the allocation of resources, in factor use, in localization of activities?

A collection of essays in honour of Robert Triffin, the principal architect of the European Payments Union in the 1940s. These works cover topics such as obstacles to international policy co-ordination, the reform of the international monetary system and European monetary integration. The "Open Market" and its ramifications are discussed and the future of the European Monetary System is examined. The text does not concentrate solely on Europe, however, and also examines such subjects as monetary management in Latin America and proposals for co-operative relief of debt in Africa. An overview of the International Monetary System is provided and the future of macroeconomic policy coordination is examined.

Beneficial social and economic exchange relies on a certain level of trust. But trust is a delicate matter, not least in the former socialist countries where illegitimate behaviour by governments made distrust a habit. The chapters in this volume analyze the causes and the effects of the lack of social trust in post socialist countries. The contributions originated in the Collegium Budapest project on Honesty and Trust: Theory and Experience in the Light of the Post Socialist Transition. A second volume entitled, Building a Trustworthy State in Post Socialist Transition, is being published simultaneously. GABRIEL BADESCU Associate Professor of Political Science at the Babes-Bolyai University, Cluj-Napoca, Romania ILDIK BARNA Research Assistant at E/tv/s Lorand University, Hungary KAREN S. COOK Ray Lyman Wilbur Professor of Sociology and the Cognizant Dean of the Social Sciences at Stanford University, California,

Building a Trustworthy State in Post Socialist Transition considers the problems and prospects for creating trustworthy and reliable public institutions in the aftermath of the transition from socialism in Central and Eastern Europe. The volume draws on the experience of those who have lived through and studied the transition and contrasts their insights with those of generalist scholars who study government accountability and democracy. The contributions originated in the Collegium Budapest project on Honesty and Trust: Theory and Experience in the Light of the Post Socialist Transition, organized by Janos Kornai and Susan Rose Ackerman. A second volume entitled, Creating Social Trust in Post Socialist Transition, is being published simultaneously. BRUCE ACKERMAN Sterling Professor of Law and Political Science atYale University, USA GEORGY GANEV Program Director for Economic Research at the Centre for Liberal Strategies in Sofia, Bulgaria RUSSELL HARDIN Professor of Politics at New York University, USA JOEL HELLMAN Senior Adviser on Governance in the East Asia and Pacific Region at the World Bank based in Jakarta, Indonesia CYNTHIA M. HORNE Assistant Professor at the John C. White

The liberalization of the Turkish economy is a key factor affecting Turkey's application to join the European Union. This book examines the impact of economic liberalization in Turkey and Turkey's approach to the elimination of barriers to trade. It focuses on the liberalization of trade in Turkey's agricultural and industrial commodities sector and key services such as telecommunications, electricity, natural gas, banking and transport. The chapters include thorough discussions on WTO and EU approaches for the elimination of barriers to trade, international and EU rules and regulations in the various service sectors, and the methods for estimating the tariff equivalents of barriers to trade in the different service sectors as well as methods for estimating the benefits of liberalization of services for Turkey. The experience of Turkey, its approach to liberalization and its measures to eliminate barriers to trade serve as a useful model for other neighboring countries of the European Union.

Trade, Markets and Welfare brings together a selection of Kelvin Lancaster's seminal work on trade under monopolistic competition and oligopoly with differentiated products, as well as recent extensions to the analysis of markets in which the characteristics of products can be varied freely. Professor Lancaster argues that protection can sometimes improve world welfare, that there can be mutual trade gains between absolutely identical economies, and that entries of an additional firm may sometimes increase industry profits. The selection also includes some of Professor Lancaster's earlier works on trade and papers on several topics related to the theory of economic policy, including second best theory, wages policy, and a simple dynamic game model of capitalist growth. Trade, Markets and Welfare complements the first volume of Kelvin J. Lancaster's selected essays - Modern Consumer Theory - by expanding applications of consumer choice theory into new areas.

China is now among the top hosts for foreign direct investment (FDI) inflows in the world. This fact, combined with recent developments in internationalisation and economic growth in China, ensures a perfect opportunity to identify the determinants and impact of FDI in the largest transition economy in the world. Based on the latest official data, this book adopts a panel data approach to the analysis of the national and regional determinants of inward FDI in China and its impact on regional economic growth, labour productivity and international trade. The Chinese evidence shows that FDI, international trade and economic-growth are interrelated. This book will be welcomed by scholars of emerging economies, international business - especially those interested in FDI - and international trade as well as those specialising in the Chinese economy.

This symposium of papers by statesmen and leading experts from around the world examines the global economic situation and voices concern about the potential for world unemployment and trade crisis in the 1990s. A new 'Marshall Plan' would involve a concerted worldwide effort to improve the situation. This plan was first formulated by Charles A. Cerami while undertaking a study of the global trade picture for the United States Departments of State, Treasury, and Commerce. Meeting with scores of diplomats nd policy makers in some forty countries, Cerami sought possible solutions to economic problems on the global level. Each of the contributors to this volume is among the best in the field; each is important in the world mechanism of government and politics. This anthology is an important tool in the effort to promote a working consensus among the leaders of different nationalities and political benefits to plan for economic development.

The Marshall Plan' would consist of the radical solution of a vast expansion of the number and size of markets, and therefore of the quantity of products to be absorbed. Since the economies of the developed world (the United States, Europe, Japan, and Asia) already absorb a great deal, the major effort would be to develop more markets in Third World nations. Students and scholars of business and economics, as well as international business people, will find "A Marshall Plan for the 1990S" a thought provoking study.

This publication, the 60th issue of National Accounts Statistics: Main Aggregates and Detailed Tables, contains detailed official national accounts data for over 200 countries or areas of the World for the years 2007 to 2018. It is a valuable source of information on the state and structure of economies worldwide. The data for each country or area are presented in separate chapters with uniform table headings and classifications as recommended in the System of National Accounts 1993 (1993 SNA). Each country chapter also contains a write-up on the methodology and data sources which are used to compile the national accounts. A summary of the SNA conceptual framework, classifications, definitions, is also included in the publication. Other statistical information covered includes gross domestic product, national income, savings, private and government consumption, and transactions of institutional sectors.

The introduction of the euro was an important event for the world economy and the international political system. For the first time in history, a substantial group of European countries-eleven of the fifteen members of the European Union including three members of the G-7-have voluntarily agreed to replace their national currencies with a single currency. The euro area has already become established as the second largest currency area in the world and will therefore become a major player in the international monetary system. The creation of the euro poses a number of interesting questions. Will the euro be a strong or a weak currency? Will the euro challenge the leading position hitherto held by the United States dollar and would sharing of the burdens and advantages of reserve currency status improve or worsen the stability of the international monetary system? How will the euro affect US relations with Europe? Does the formation of the euro intensify European integration in other fields? Is a bi-polar international monetary system viable? These and other issues motivated the Luxembourg Institute for European and International Studies and the Pierre Werner Foundation to organize an international conference in Luxembourg on December 3-4, 1998, on the eve of the birth of the euro. At the outset we were aware that the issue of the euro went far beyond pure economics. Money, after all, is too important a subject to be left to economists.