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Restoring Demand in the World Economy - Trade, Finance and Technology (Hardcover)
Loot Price: R2,862
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Restoring Demand in the World Economy - Trade, Finance and Technology (Hardcover)
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During the past two decades, the macroeconomic policy debate has
been dominated, both in developed and developing countries, by
supply-side considerations. Distinguished contributors to this
important new book conclusively argue that this has led towards
depression at a world level, and particularly in transitional and
developing economies.Restoring Demand in the World Economy examines
the necessity to rehabilitate the role of effective demand, in both
the analysis of past economic events and in shaping current
economic policy. At the theoretical level, the contributors argue
conclusively that the level of effective demand and the aggregate
distribution of income play a dominant role in the macroeconomic
framework of all economic systems. This economic theory is then
applied to specific situations including: austerity and monetary
union in Europe the demand implosion in Eastern Europe and the
former USSR the problem of financial fragility in developing
countries the demand links between East Asia, Japan and the United
States inflation paranoia, deflationary gaps and imbalances in the
major industrial countries the failure of post-war schemes for the
stabilization of global demand. This important contribution
presents a strong case for rehabilitating the role of demand in
economic policy and decision making. This book will be of use to
economic theorists, policymakers and academics with an interest in
international economics.
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