This collection of essays is concerned with three major and debated topics in international economics, namely interdependence between countries, real and financial integration, and the conflicting relations between industrialized (North) and developing countries (South). The first section deals with the international policy coordination problem and the economic growth of open economics. In the second section new foundations for commercial policy and the problems of economic integration, real and monetary, are discussed. The final section includes an analysis of North-South relations and the price of instability of primary commodities.

This book brings together leading economists to analyze present economic issues and further debate on the need for sound economic policies to avoid a crash on a global scale. Subjects covered include: the US twin deficit, Western European economic integration, Eastern Europe's transition towards a market economy, the debt burden of the less developed countries, the growing and deepening discrimination against the rest of the world by new homogeneous areas such as the North America free trade area, and the new Europe and Japan. These are the issues at the head of global disequilibrium in the world economy.

Building the "new Europe" is at the core of the new international economic and political initiatives leading the world through the 1990s and toward the 21st century. This challenge rests on dual processes: on the one hand, the European Community-wide single market and monetary integration; and, on the other, the East European transition to the market place and integration with Western economies. This second of two volumes is divided into two parts. The first section includes essays on the general and specific topics linked to the transitions to a market economy and to a pluralist political system. The second section comprises essays on individual countries, such as Hungary, Poland, Yugoslavia, and the Republics of the former Soviet Union.

Single market and monetary integration of EEC countries, Germany's reunification and Central and East Europe's move towards the marketplace are redesigning the european political and economic spheres and creating great opportunities and challenges for Europe and the rest of the world. Europe in the nineties will take a new international policy direction, which may serve to strengthen supranationalism. The Community as a whole must ensure that these new steps make it possible to reconcile the economic interests of countries on the continent and in the rest of the world. This book deals with the problems raised by this process and is divided into three sections: the first section comprises five essays on fundamental themes of single-market process; the second section is devoted to the issue of monetary unification and the third and final section studies the connections between the 'new' Europe and the rest of the world.

The US twin deficit, Western European economic integration, Eastern Europe's transition towards a market economy, the debt burden of the Less Developed Countries, the growing and deepening discrimination against the rest of the world by new homogeneous areas such as the North America free trade area, the new Europe, and Japan are the issues at the heart of global disequilibrium in the world economy. This book brings together leading economists to analyse these issues and further the debate on the need for sound economic policies to avoid a crash on a global scale.