For the large number of developing countries undergoing significant structural transformations, one of the most important and controversial adjustment areas is that of the financial markets.
This book presents an extensive survey of the theory and empirics of international parity conditions which are critical to our understanding of the linkages between world markets and the movement of interest and exchange rates across countries.
The book deals with both the short and the long-run effects of the Uruguay Round: the reduction in the obstacles to trade, the enlargement of the multilateral system, the new institutional framework and the balance between regionalism and multilateralism in world trade relations.
The 1990-91 Gulf War, the Israeli-PLO agreement, instances of political and economic reform, and the radical political reassertion of Islam, all indicate that the post-Cold War Middle East is in the grip of dramatic changes.
The growth of the services sector in developing countries and their increased participation in trade in services have far-reaching implications for promotion of employment and income and management of international migration.
Trade, Environment and Sustainable Development explores the linkages between the objectives of liberalised international trade, protection of the environment and sustainable development.
What policies should be pursued by, first, the peripheral countries, like Greece and Eastern Europe, and, second, by the median countries, like Spain, to qualify for monetary union?
All of the papers included in this volume were presented at a conference held at Lancaster University and were subsequently revised in the light of the comments received from Professor Bhagwati and others.
After a century and a half of efforts at constructing arrangements and rules for international monetary interaction, present-day national authorities do not seem to have come much closer to achieving the aim of enduring exchange rate stability combined with a good macroeconomic performance.
Latin America's New Insertion in the World Economy examines the contributions governments can make in order to stimulate efficient and export-orientated manufacturing production in small and medium-sized economies in Latin America in the coming years.
The global scope of the changes in the international financial and monetary systems ensured that no nation-state could protect itself from their effects.
The process of globalization can be seen in the increase of: trade interdependence, the importance of global multinational corporations, mobility and volatility of capital flows (with dangers demonstrated by the recent Mexican crisis).
The world economy is at a cross road: it can either widen and deepen international integration, within and between different areas, or be tempted by neo-protectionism.
This book contains papers addressing the major problems and possible reforms in the international monetary and financial system from the perspective of developing countries.
Under the new world order, Japan's international business activity is being organised through tight networks that link banks, industrial corporations and trading companies and that are displacing onto Asia their main domestic problems.
This volume identifies and analyses the extent to which Russia and the other Soviet successor states are likely to attract inward foreign direct investment (FDI) to the turn of the century and beyond.
The vision of the founders of the United Nations, the World Bank and the IMF some fifty years ago contrasts sharply with the often weak and limited performance of the institutions they created.
The mainstream view of the way in which best to transform the communist economies was that there should be a rapid transition to a free market economy and political democracy.
This book describes the opening of the Hungarian economy from the early This book describes the opening of the Hungarian economy from the early1980s to the current transition.
The objective of this book is to present an integrated set of original papers from leading authorities in the field related to optimal balance between arms reduction and regional and international security.
Tackles the criticism that the European Community is an unbalanced arrangement, where the path to closer integration may involve an inequitable distribution of the benefits to large firms, rather than to the public at large, the less well off parts of the Community and those in employment.
The Dreyfus Affair, or simply L'Affaire, was the defining event in French life between the disasters of the Franco-Prussian War and the First World War.
