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A Quest for a More Stable World Economic System - Restructuring at a Time of Cyclical Adjustment (Paperback, Softcover reprint of the original 1st ed. 1993)
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A Quest for a More Stable World Economic System - Restructuring at a Time of Cyclical Adjustment (Paperback, Softcover reprint of the original 1st ed. 1993)
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In the autumn of 1990 there was a sense of change taking place in
the world economy. Readiness for war was occurrin~ in the Middle
East and a recession was already underway in a few major countries.
The forces of reform and political re-shaping were visible in
Eastern Europe and the Soviet Union. We economists, gathering in
Osaka, Japan, under the auspices of the International Institute for
Advanced Studies (Kyoto) could recognize that the Cold War was over
and that politico-economic restructuring would take place among the
powers in the Warsaw Treaty Organization. Much has happened since
the latter part of 1990 to affect international economic stability.
The events of that period were both positive and negative for
economic stability, but our concern was weighted towards the
negative side. Dur charge and sponsorship was scholarly, and the
papers from the learned contributors to the symposium and this
resulting volume used the many tools of economic analysis to try to
understand the ongoing developments. In the intervening period,
while this volume was being prepared and edited, we did not cnange
our viewpoints in any fundamental way, and we can take satisfaction
in the way our symposium either relates to the unfolding sequence
of events in a substantive sense or provides a framework in which
to study these events.
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