The Theory of the Second Best implies that any country with less-than-ideal resources can lose from international trade. Recently it has been suggested this means the South (poor countries) are better off suppressing trade with the North, especially trade in natural resource products, since the...

The European Union and the United States have the largest trading relationship in the world, comprising about 60% of world trade (Perdikis and Read 267). They are also the greatest proponents of trade liberalization and multilateral trade cooperating in the world. Boeing was the undisputed king...

The European Union and the United States have the largest trading relationship in the world, comprising about 60% of world trade (Perdikis and Read 267). They are also the greatest proponents of trade liberalization and multilateral trade cooperating in the world. Boeing was the undisputed king...

The dramatic rise in international production in recent years stands out as the most decisive factor in the globalization of economic activity. Foreign Direct Investment (FDI) has been growing very rapidly in the recent past while international trade ceased being the principle mechanism linking...

The capitalist welfare state achieved its full development within the nearly closed national economies of the early postwar decades. After the rampant protectionism following the Great Depression, and after the complete breakdown of world markets in World War II, the restoration of international...

This paper seeks to explain the variance between success and failure of attempts to achieve monetary cooperation and integration in Western Europe. In its first two sections the paper develops six assumptions about international monetary behavior of states and the conditions for monetary...

The capitalist welfare state achieved its full development within the nearly closed national economies of the early postwar decades. After the rampant protectionism following the Great Depression, and after the complete breakdown of world markets in World War II, the restoration of international...

This article will first develop the concept of financial motivations, presenting first the relevant variables and then the logic suggesting why they should be linked. Then it will look at monetary policy behaviour in four international monetary systems; the gold standard at the beginning of this...

This paper seeks to explain the variance between success and failure of attempts to achieve monetary cooperation and integration in Western Europe. In its first two sections the paper develops six assumptions about international monetary behavior of states and the conditions for monetary...