India''s fiscal problem has deep roots in its federal fiscal system, where multiple players find it difficult to coordinate adjustment. The size and closed nature of the Indian economy, aided by its deep domestic capital market and large captive pool of domestic savings, has disguised the cost...

This book discusses the issues associated with the capriciousness of capital flows into Latin America, examining macroeconomic and financial sector impact, as well as offering policy recommendations for achieving stability despite volatile capital flows. The authors review recent experience with...

This book discusses the issues associated with the capriciousness of capital flows into Latin America, examining macroeconomic and financial sector impact, as well as offering policy recommendations for achieving stability despite volatile capital flows. The authors review recent experience with...

[fre] La tendance à la chute du taux de profit résulte de la hausse de la composition du capital, expression de la lutte des classes dans la production. Le Théorème d'Okishio, basé sur l'hypothèse d'un salaire réel constant, et imputant à la seule concurrence le changement technique, ne...

Unos quince años después de la irrupción de lo que muchos autores identifican como la "crisis del modelo de desarrollo fordista", una doble ortodoxia parece bosquejarse entre los medios de comunicación, en un sectorde la "corriente principal" entre los economistas y también entre los...

La crisis de la relación salarial fordista ha conducido a diferentes regímenes salariales aún en bloques continentales integrados. Característica que se suma a la transformación jerárquica de las economías mundiales ocasionadas por el avance competitivo de los nuevos países...

The most striking form of industrialization within Third World in the 70's, the "peripheral fordism", went into crisis in the 80's. Beyond inner factors, monetarist and recessive policies led in major industrial countries did play a determining role in this crisis, which in turn could have...

The Venezuelan experience in the 1980s is a particularly fertile ground for the analysis of negative shocks. Two large shocks took place under very different control regimes, thus highlighting the role the institutional setting plays in determining the response. Moreover, the experience can shed...