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As most economies remain caught in a global recession that shows
little sign of abatement, the importance of maintaining a
flourishing industrial sector for the economic well-being of a
country becomes even more crucial.
"Industrial Organisation," now in its fourth edition, provides a
clear and definitive introduction to this subject. The book
addresses economic problems and policy issues that arise from the
activities of firms. The authors reject the traditional
micro-economic analysis of market structure in favor of a study of
conduct and performance in the context of macro-economic policy and
the environment which this provides for firms.
Substantially revised and updated to incorporate developments in
the subject since the publication of the last edition, "Industrial
Organisation" includes four new chapters which reflect the major
new areas of interest in industrial economics over the last decade.
Theseinclude the increasing importance of the service sector and
problems of relatively low productivity growth within this, and
questions relating to increased levels of international competition
in a more open world economy. It provides a comparative study of
the United States, the United Kingdom, and the European Community.
Mathematics and econometric knowledge are kept to a minimum, making
this the most accessible and stimulating introduction available on
this subject.
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