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Openness and Development - Yearbook of Economic and Social Relations 1996 (Paperback, illustrated edition)
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Openness and Development - Yearbook of Economic and Social Relations 1996 (Paperback, illustrated edition)
Series: Studies in Contemporary Economics
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Openness and development are key words of central importance in
describing the dynamism within the present world economy. Openness
denotes the entire process of internationalization and
liberalization now underway in the commodity markets, factor
markets and financial mar kets. Today there is hardly anational
economy or company left which can afIord to ignore international
dependencies. In the broadest sense of the word, development
encompasses an those dynamic endogenous economic processes which
create prosperity and a high standard of living via inno vation and
structural change. Modem economic research has shown that both of
these fields of economic causalities - which are themselves
afIected by a wide variety of interdependencies - detennine the
economic destiny of the national economies and of their actors in
the industrial, newly industrializing, transitional and developing
countries. The present volume focuses on the significance of these
two key words while conveying, at the same time, an impression of
the broad spectrum of related issues. It contains papers written by
economists working at uni versities and research institutes as well
as papers submitted by "economic practitioners"; the latter, in
particular, provide valuable insights on current issues by taking
account of theoretical and practical considerations. Whereas the
papers printed in Part I analyze their subjects from a general
perspective, the emphasis in Part TI is on specific regional
aspects. Part I begins with a theoretical-empirical study on the
development of foreign trade."
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