This book considers some important economic issues currently facing the EU and examines its prospects. The chapters examine the Broad Economic Policy Guidelines, econometric evidence of productivity convergence among the EU countries, the Growth and Stability Pact, problems of the comparison of measures of GDP between the EU and US, company taxation in the enlarged EU, the effect of an aging population on the public pensions in the EU, the CAP and the European constitution and fiscal federalism.

'... a well written book ... covering ... a vast amount of material ... well balanced between the theoretical and applied works. The authors are judicious and fair in providing a balanced treatment of the two alternative theories of growth performance: supply-oriented and demand-oriented. The book will serve as a guideline to researchers and policymakers ... as a textbook for upperdivision undergraduate and graduate courses.'- Kashi Nath Tiwari, Kennesaw State College This is the first book of its kind to argue in a consistent and comprehensive way the idea that a country's growth performance cannot be properly understood without reference to the performance of its tradeable goods sector and the strength of its balance of payments. It puts forward a demand orientated theory of why growth rates differ between countries where the major constraint on demand is the balance of payments. The book is critical of neoclassical growth analysis and provides an alternative theory of growth performance to the supply orientated approach of neoclassical theory. There are theoretical chapters comparing and contrasting neoclassical growth analysis with the new demand orientated approach, and empirical sections which apply the new model to regions and countries, including two case studies of the UK and Australia.

Unemployment has been somewhat neglected within the world of economics in recent years. Primarily, this is because the subject has become of less of an issue for many countries. However, even within the EU, several regions still suffer from worrying levels of people out of work. Europe has experienced significant fluctuations in unemployment levels since the Second World War, and there have been many attempts at analysing the problem and confronting the related issues.
This book explores the subject of unemployment in detail, analysing past successes and failures in the area, and offering lessons and proposals for the future. Focusing on the EU, but with coverage of several regions worldwide, this book brings together a wide range of experts to examine the experiences and approaches of a variety of countries to this issue of employment, and provides an overview of unemployment and its economic implications which will be invaluable to all scholars and policymakers interested in this key area.

The concepts and theories surrounding the economics of unemployment have multiplied and evolved over the course of the twentieth century and into the twenty-first. This book is an essential companion for all interested in understanding more about past debates and current issues in the economics of unemployment.

"This volume focuses on current issues of debate in the area of modern macroeconomics and money, written from (a broadly interpreted) post Keynesian perspective. The papers connect with Philip Arestis' contributions to macroeconomics and money, and pay tribute to his distinguished career"--Provided by publisher.

There are many theories concerning the relationship between the pace of development and economic growth in different countries. This impressive collection explores the relationship between a country's balance of payments and their rate of economic growth. The evidence and ramifications within the book will be of interest to economists and policy-makers in developing countries.

There are many theories concerning the reasons that the pace of development and the growth of national product differ between nations. One of the most interesting theories concerns the relationship between a country's balance of payments and its economic growth and development. It is this area which is covered in this book. The contributions contained within this book outline the fundamental theoretical model which argues that no country can grow faster than that rate consistent with balance of payments equilibrium on current account. It moves on to analyze various case studies that apply the model to both developed and developing countries. With an impressive array of contributors and under the notable editorship of mcCombie and thirlwall, this book is simply essential reading for economists with an interest in the relationship between trade and growth, and to policy makers in developing countries.

'... a well written book ... covering ... a vast amount of material ... well balanced between the theoretical and applied works. The authors are judicious and fair in providing a balanced treatment of the two alternative theories of growth performance: supply-oriented and demand-oriented. The book will serve as a guideline to researchers and policymakers ... as a textbook for upperdivision undergraduate and graduate courses.'- Kashi Nath Tiwari, Kennesaw State College This is the first book of its kind to argue in a consistent and comprehensive way the idea that a country's growth performance cannot be properly understood without reference to the performance of its tradeable goods sector and the strength of its balance of payments. It puts forward a demand orientated theory of why growth rates differ between countries where the major constraint on demand is the balance of payments. The book is critical of neoclassical growth analysis and provides an alternative theory of growth performance to the supply orientated approach of neoclassical theory. There are theoretical chapters comparing and contrasting neoclassical growth analysis with the new demand orientated approach, and empirical sections which apply the new model to regions and countries, including two case studies of the UK and Australia.

This volume focuses on current issues of debate in the area of modern macroeconomics and money, written from (a broadly interpreted) post Keynesian perspective. The papers connect with Philip Arestis' contributions to macroeconomics and money, and pay tribute to his distinguished career.