This important survey, first published in 1981, presents some
different and often contending perceptions of the problem of
surplus capacity as it re-emerged in the world of the 1980s an
economic climate with many parallels to the current era. Susan
Strange and Roger Tooze deliberately assembled writers of many
different nationalities, professional backgrounds and ideological
convictions and asked them to make the case for their version of
the problem. Some even doubt if there really is much of a problem
at all. Others see it as fundamentally political, or monetary; as
inherent in the capitalist system, or as the product of
short-sighted pressure groups and perverse politicians. To help
readers judge for themselves, there are specialist contributions on
surplus capacity as it has shown up in different sectors of the
world economy shipbuilding, textiles, steel, petrochemicals,
insurance and banking and on the responses of different actors in
the international system, including the European Community and
multinational corporations.
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