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Money, Systems, and Growth - A New Economic Order? (Hardcover, New)
Loot Price: R2,112
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Money, Systems, and Growth - A New Economic Order? (Hardcover, New)
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In the years since World War II, the United States and other
countries have created a new economic order which has produced one
of the broadest and most sustained periods of prosperity in world
history. The essence of this new economic order is a system of
rules to govern, facilitate, and promote trade in goods and
services. The result is applauded by some and condemned by others.
This study discusses the roles of money, systems, and growth in the
emerging, new economic order. Studying the roles of money, systems,
and growth are important for gaining insight into the likely
behavior of economies such as China's. A nation as large as China
could undermine the ability of other countries to impose
politically difficult economic disciplines. There is need for
caution. The upheaval in Asia that is affecting the world's largest
markets is a case in point. Failure to implement reforms consistent
with the rules of the new economic order has pushed such countries
as Albania, Romania, and Macedonia close to becoming Europe's
hidden Third World. The power of monetary policy and economic
growth to either facilitate or hinder a country's readiness to
adopt the rules of the new economic order is underscored in this
study.
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