Recent cataclysmic changes in the international economic order are shaping the global policy changes of the 1990s. In his final collection of essays, Belta Balassaa examines the implications of these recent changes for developed, developing and reforming socialist economies. Essays on the developing countries cover development strategies, adjustment policies, the public sector and financial liberelization. Essays on the reforming socialist economies cover econmic integration in Eastern Europe, foreign economic ties of the Soviet Union, and the use of indicative planning. Trade policy negotiations are covered in several essays on GATT negotiations and on hte consequences of the EEC enlargement. The volume closes with selected essays on trends in economic policies.

First published in 1962, The Theory of Economic Integration provides an excellent exposition of a complex and far-reaching topic. Professor Balassa has been remarkably successful in covering so much ground with such care and balance, in a treatment which is neither in any way abstruse nor unnecessarily technical. His book will interest economists in Europe by reason of its subject and treatment, but it is also a valuable and reliable textbook for students tackling integration as part of a course of International Economics and for those studying Public Finance. He distinguishes between the various forms of integration (free trade area, customs union, common market, economics union, and total integration). In addition, he applies the theoretical principles to current projects such as the European Common Market and Free Trade Area, and to Latin American integration projects. In offering this theoretical study, the author builds on the conclusions of other writers, but goes beyond this in providing a unifying framework for previous contributions and in exploring questions that in the past received little attention - in particular, the relationship between economic integration and growth (especially the interrelationship between market size and growth, and the implications of various factors for economic growth in an integrated area).

First published in 1962, The Theory of Economic Integration provides an excellent exposition of a complex and far-reaching topic. Professor Balassa has been remarkably successful in covering so much ground with such care and balance, in a treatment which is neither in any way abstruse nor unnecessarily technical. His book will interest economists in Europe by reason of its subject and treatment, but it is also a valuable and reliable textbook for students tackling integration as part of a course of International Economics and for those studying Public Finance.

He distinguishes between the various forms of integration (free trade area, customs union, common market, economics union, and total integration). In addition, he applies the theoretical principles to current projects such as the European Common Market and Free Trade Area, and to Latin American integration projects.

In offering this theoretical study, the author builds on the conclusions of other writers, but goes beyond this in providing a unifying framework for previous contributions and in exploring questions that in the past received little attention ? in particular, the relationship between economic integration and growth (especially the interrelationship between market size and growth, and the implications of various factors for economic growth in an integrated area).

Recent cataclysmic changes in the international economic order are shaping the global policy choices of the 1990s. In his final collection of essays, the late Bela Balasa, a foremost international economist, examines the implications of these recent changes for developed, developing and reforming socialist economies. Essays include development strategies, adjustment policies, the public sector, and financial liberalization, economic integration in Eastern Europe, and trade policy negotiations.

Aims to improve our understanding of the factors determining the economic performance of the Pacific area developing countries. The book deals with both the newly industrializing countries and the newly exporting countries.

List of Participants - Preface - PART 1 THE RELEVANCE OF ECONOMIC INCENTIVES FOR ECONOMIC DEVELOPMENT - Prices, Incentives and Economic Growth; B.Balassa - Microeconomic Incentives and Macroeconomic Decline; M.Olson - Social Insurance: Incentives and Disincentives to Save and to Work; M.Janssen - Incentives and Disincentives: International Migration; J.N.Bhagwati - Incentives for the Homogenization of Time Use; D.S.Hamermesh - Incentives for Entrepreneurship and Supporting Institutions; R.R.Nelson - The Incentive Limits of Firms: A Comparative Institutional Assessment of Bureaucracy; O.E.Williamson - PART 2 COUNTRY EXPERIENCE WITH RESTRUCTURING INCENTIVES - Incentives in the Soviet Economy; T.S.Kahchaturov - Restructuring Incentives in Hungary; B.Csik s-Nagy - Incentives in the United Kingdom; P.Minford - Economic Reforms in Chile, 1973-1981; A.Saieh and L.A.Sjaastad - Restructuring Incentives in the People's Republic of China; A.Gutowski and R.Merklein - From Bankruptcy to Revival: The Turkish Experience with Restructuring Economic Incentives, 1980-1984; E.G nensay - Obstacles to Changing the Incentive System: The Case of the Federal Republic of Germany; H.Bonus - PART 3 INCENTIVES IN THE INTERNATIONAL ECONOMY - Incentives and Disincentives for Foreign Direct Investment in Less Developed Countries; V.N.Balasubramanyan - Rent-Seeking and Trade Policy: An Industry Approach; R.E.Baldwin - The Function of Governments and Intergovernmental Organizations in the International Resource Transfer: The Case of the World Bank; B.S.Frey - PART 4 CONCLUDING APPRAISALS - Incentives and Growth: An Appraisal; K.J.Arrow - Incentives and Growth: A Summary Appraisal; J.B.Donges - Index