This book stresses how the rise of China and India has completely changed the world economy, moving it towards disequilibrium. Several alternative economic policies are tested to seek a way towards high growth in any continent associated with long-run real and financial equilibrium. The Authors argue that a new exchange rate system is required and that a new world governance is needed.

Algebraic geometry has always been an ec1ectic science, with its roots in algebra, function-theory and topology. Apart from early resear ches, now about a century old, this beautiful branch of mathematics has for many years been investigated chiefly by the Italian school which, by its pioneer work, based on algebro-geometric methods, has succeeded in building up an imposing body of knowledge. Quite apart from its intrinsic interest, this possesses high heuristic value since it represents an essential step towards the modern achievements. A certain lack of rigour in the c1assical methods, especially with regard to the foundations, is largely justified by the creative impulse revealed in the first stages of our subject; the same phenomenon can be observed, to a greater or less extent, in the historical development of any other science, mathematical or non-mathematical. In any case, within the c1assical domain itself, the foundations were later explored and consolidated, principally by SEVERI, on lines which have frequently inspired further investigations in the abstract field. About twenty-five years ago B. L. VAN DER WAERDEN and, later, O. ZARISKI and A. WEIL, together with their schools, established the methods of modern abstract algebraic geometry which, rejecting the c1assical restriction to the complex groundfield, gave up geometrical intuition and undertook arithmetisation under the growing influence of abstract algebra."

The rise of China and India has completely changed the world economy, moving it towards disequilibrium. Several alternative economic policies are tested to seek a way towards high growth in any continent associated with long-run real and financial equilibrium. The authors argue for a new exchange rate system and a new world governance.

Mario Baldassarri and Francesco Busato evaluate the impact produced by a new cycle of structural reforms over European Union economies. The structural reforms concern the size and the composition of government expenditure, the good and services markets, and the labour market. The book illustrates how the key challenge for European countries is not to discuss how policies could be implemented (e.g. fiscal policy competition Vs fiscal policy coordination), but to implement them.