This book studies the history of the single, or internal, market of the European Union since its beginnings after the Second World War until the end of 2000. The perspective is multidisciplinary and incorporates several dimensions: historical, political, economic, legal and sociological. Based on several interviews and other sources, the book is the most complete synthesis of one of the major achievements of European integration.

In particular, the author asks: What is the single European market (SEM) and how has it evolved over the years? How does the SEM work? Who have been the stakeholders of the SEM? What has been the articulation between the SEM and the other components of the European integration process? How have economists analyzed and assessed the SEM since its beginnings? What has been the power of economic thought? This fundamental and timely publication will be of interest to all those concerned with the future of every aspect of Europe.

The author provides a clear portrait of the dramatic transformation of the global financial system in the late 20th century. Drawing on work by a prestigious and interdisciplinary set of specialists, this volume looks at the political economy of individual sectors of the financial services industry, at regional market patterns such as the EU and NAFTA, and at individual countries from the Asian NICs to Europe and the United States. The book captures the complexity and dynamics of a sector with vital implications for the future of global economic development.

Unemployment remains stubbornly high in the richest nations of the world, and large transnational corporations continually downsize. A few get richer, but many are wondering where they will find customers for their goods amid the growing impoverishment of many developing countries. This book touches on the problem by examining the issue of corporate social responsibility, arguing that it is both good for business and essential for future prosperity and stability. It presents the case for a worldwide agreement, or "planetary bargain," between the private and public sectors and looks at the implications of such an idea. The book includes case studies of international companies who have adopted socially responsible programs and analyzes research in this area over the past two decades.

A flagship annual document of the Ministry of Finance, Government of India, the Economic Survey reviews the developments in the Indian economy over the previous twelve months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session, tabled a day ahead of the Union Budget. The survey is the most authoritative and updated source of data on Indias economy. It highlights a growth rate of 7.6% hailing India as a bright spot amidst a slowing global economy. Elucidating further, it identifies wide-ranging challenges and summarizes policy and performance of the government, while advocating inclusive development in key sectors with the right strategies, policies, and interventions. The focus is on ensuring macro-economic stability and prudent fiscal management through a fresh set of economic reforms and policy initiatives to counter risks of global slowdown.

This book demonstrates exact scholarship (and an) understanding of the way in which business works...(it has) a capacity to reduce a mass of apparently unrelated facts into the neat shape of theory."The Economist Describing and analyzing the part played by Western firms and governments in the economic development of Indonesia and Malaysia, the period covered by this survey extends from the early decades of the nineteenth century to the 1950s. Special attention is given to the changes that have taken place since the Second World War. The intricate economic relations between Westerners and Asians, and the results of changes in those relations are fully discussed. Comparisons and contrasts with the economic activities of Westerners in the development of China and Japan are also examined.

The union of Western Europe poses many complex and technical obstacles. Analysing the advantages as well as the difficulties, the book discusses competition and the nature and direction of the increased pressures it brings to bear upon entrepreneurial activity, through which the effects of economic union will mostly be felt.

Global Production and Trade in East Asia focuses on the profound change that the traditional paradigm of production and international trade has undergone in the last two decades or so as a result of worldwide trade and investment liberalization. This ongoing transformation has been both aided and stimulated by advances in telecommunications, transportation, and information management. The liberalization of trade and investment on the one hand and advances in communications technology on the other have further promoted global production networks in which vertical stages of final goods are fragmented across countries. International fragmentation of production, which enables international division of labor not only in final products but also in vertically related components, is more evident than ever before. The book documents the process of international production fragmentation and trade in East Asian economies, studies the mechanics of the process, explores the theory behind the phenomenon, and identifies important policy implications. It focuses on production fragmentation and trade in East Asia because this is the part of the world where the phenomenon is most visible. With contribution by well-known international economics scholars from North America, Europe, and the Asia-Pacific, the book distinguishes itself with high global quality and rich regional content. It achieves a fine balance between theory, policy, and empirical work. This book will interest scholars of international trade, foreign investment and international business, regional specialists in East Asian economies, policymakers and advisors in international economic relations, and anyone else who follows important economic issues of globalization.

This is a study of the evolution of the relationship between China and the world economy. Focusing on China's responses to the expansion of the capitalist world economy, the book presents an interpretation of the country's socioeconomic processes since 1850. The author argues that the general thrust of China's quest for development or "modernization" has been to catch up with the western wealthy nations, and explains the changing paths and outcomes.

Addressing the problem of the foreign debt of less developed countries, this book examines its impact on their development possibilities. It also analyzes the lessons that both economic theory and policy should draw from the debt crisis. The contributions are divided into four parts dealing with: traditional facts and new horizons in the theory of economic development, the theory and practice of the debt problem, the policies of structural adjustment recommended by international organizations, and the relationship between economic growth, democracy and a new international order.;Long-term sustainable development is the only way to avoid further economic crises in the Third World, but it can only be achieved by means of a comprehensive approach directly aiming at long-term growth and involving a re-thinking of trade relationships between low and high-income countries. The author's articles have appeared in "The Economic Journal, "History of Political Economy", "Australian Economic Papers", "Contributions to Political Economy", "History of European Ideas", "Economie Appliquee" and "Note Economiche".

This book provides a detailed cross-country study of the automotive industry in South East Asia. Abbott argues that, contrary to prevailing opinion, the diffusion of manufacturing in the Asia-Pacific has been characterized by hierarchical networks of production linked to Japan for technology.

eBook available with sample pages: 0203166779

This book focuses on the Canaanite-Phoenician economic systems that predominated in and determined Mediterranean history. Phoenician trade networks were sophisticated and elaborate operations that required a highly developed society and institutions in order to spread and be maintained. By tracking the manufacture, use, and shipment routes of Phoenician products, primarily those traded in amphorae and bottles but also fine-ware and their associated assemblages, a new map of Mediterranean connectivity and interrelations emerges, whose routes, operations and cultural affiliation lasted a long time. The Phoenician trade-nets are presented geographically, with special attention paid to the traceable product networks involving wine, salted fish, or perfumed oils.

This timely and well-written collection explores the impact of economic reforms in developing and transitional economies across the world. In a first of its kind, this book examines such issues as:
* in-depth, cross-regional analysis of the pressures for global integration
* labour costs and their determinants: crucial factors in the success of economic strategies in attracting investment
* how wage levels, poverty and the important role of workers as part of a civil society are linked with the consequences of global integration.
This important book is essential reading for all those involved in labour and development economics as well as being of great interest to policy makers.

eBook available with sample pages: 0203522338

To form a more perfect economic union and to establish a single market financially, economically and politically, 11 European countries founded a common currency and a European Central Bank, and created a new monetary unit, the euro, on 1st January, 1999. On that date, the old national currencies officially became subunits of the euro, much as the nickel and quarter are subunits of the dollar.

Fifteen countries started down the road to monetary union in 1992, when they signed the Treaty on European Union, commonly known as the Maastricht Treaty, which outlined a basic structure for the alliance. However, of those 15 countries, only 11 initially joined the European Monetary Union (EMU): three countries opted out, and another did not meet the economic criteria established for membership in the union. The EMU countries decided that the benefits of having one common currency instead of 11 different ones would outweigh the costs, especially given the amount of travel, trade and financial flow that takes place between these countries. This volume considers effects on capital and goods markets of monetary union in general and European Monetary Union (EMU) in particular. The effects of monetary union addressed here broadly fall into three categories -adjustments in goods and labor markets, adjustments in money and capital markets, and institutional adjustments when a group of countries adopt a common currency (and a common monetary policy), but retain quasi- independent fiscal (and other economic) policies. The relation between monetary union and capital market integration is also highlighted.

International capital mobility is a fundamental aspect of the political economy of globalization, and this study develops a new framework for understanding this crucial phenomenon. Matthew Watson draws a distinction between the spatial and the functional mobility of capital, allowing fresh insights into existing work on the subject whilst repoliticizing the very idea of capital being 'in motion'. The dynamics of capital mobility and the patterns of risk exposure are illustrated through four cases: the Asian financial crisis; the Tobin tax; the Enron affair; and the proposed consolidation of the European stock market.

Economic prospects for the countries of the Middle East and North Africa are assessed in light of the changing world economy, increasing integration of trade and financial markets, greater needs for educated labour, and growing concerns about poverty and environmental degradation. Cross-country papers on thematic topics by international scholars are presented. The need for major economic reforms is emphasized if the region is to use greater integration in the world economy as the basis for generating growth and jobs and reducing poverty.

Considers the politics of economic policy-making in Indonesia in a range of sectors including the capital market, intellectual property law, the banking industry, and the trade and investment sectors.

Series Information:
Harwood Fundamentals of Pure & Applied Economics

Science, technology and innovation have long been key factors in the competitive advantage of nations. Today, however, the new international political economy is being increasingly driven by science and technology in new ways. Integration, globalization and internationalization have all become watchwords for a series of dynamic processes in which science and technology are deeply implicated. As a result, not only are the policies of "national" governments being exposed in terms of the limits of their sovereignty, but science and technology are being increasingly implicated in a wide array of public issues - ranging from security, privacy, development and economic growth to employment, environment, foreign policy and geopolitics. Clearly, in today's emerging world, the ways in which governments organize their science and technology policy, their science and technology intelligence, and their research advisory structures and resources matter more today than ever before. In turn, the contract between science and democracy is being rapidly redefined. This book is the first to comprehensively discuss these critical issues.