Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems...

Part I: Globalization, Input Trade and Sanyal’s Contribution to Trade Theory -- Chapter 1: Middle Products Revisited -- Chapter 2: Competition Policy vs. Industrial Policy -- Part II: Trade, Technology and Increasing Returns -- Chapter 3: Protectionism and Increasing Returns -- Chapter 4:...

This book makes an analytical study of implications of the new set of non-tariff barriers that are forthcoming on the exports of the developing countries in the disguise of quality regulations and environmental standards. It argues that in the present era of globalization, with technological...

This volume brings together some of the most influential scholars in development economics to explore how to improve the well-being of the poor, how to design effective structures and institutions for poverty reduction and what the role of economic, political and social dimensions are (and...

This book offers a comprehensive analysis of the problems that the current working of capital markets are generating on both developed and developing economies. It pays special attention to the reasons explaining the unstable and volatile working of international financial markets and to the...