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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.
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.
'... 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.
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