Recent studies show that almost all industrial countries have experienced dramatic decreases in both fertility and mortality rates. This situation has led to aging societies with economies that suffer from both a decline in the working population and a rise in fiscal deficits linked to increased...

<DIV><DIV>Managing fiscal policy—the revenues and spending of an individual nation—is among the most challenging tasks facing governments. Wealthy countries are constrained by complex regulation and taxation policies, while developing nations often face high inflation and trade taxes. In this volume,...</div></div>

<DIV>There is no doubt that the open multilateral trading system after World War II was a key ingredient in the rapid economic development of the entire world. Especially in Hong Kong, Korea, Singapore, and Taiwan, exports increased dramatically both in absolute terms and as a percentage of GNP. In...</div>

More than any other issue, international trade brings into relief the consequences, good and bad, of our increasingly globalized economic environment. The WTO, China, international investment-every topic associated with trade has the potential for heated debate. This volume provides the most...

The factors that influence exchange rates between currencies are numerous and not always fully understood. A puzzle has characterized global exchange rates, and specifically the continued resilience of the Dollar. While the U.S. has been running a rampant trade deficit, China has been posting a...