This book examines imbalances in seven major economies: China, France, Germany, India, Japan, the United Kingdom, and …

India has risen internationally since the 1990s. The most important reasons for this success are its economic reforms … greater say on global issues, but India’s rise is quite fragile due to a range of structural deficits at the national level …. Despite economic successes India is in many areas one of the G20’s poorest performers. India’s rise is in Germany’s and Europe …

We hypothesize a particular source of cartel instability and explore its relevance to understanding cartel dynamics …. The cartel instability is rooted in the observation that, upon cartel formation, the relative positions of firms are often … fixed which may lead some growthconscious members to be discontent. This incongruity between a cartel member’s allocated …

A challenge for many cartels is avoiding a destabilizing increase in non-cartel supply in response to having raised … price. In the case of the German cement cartel that operated over 1991-2002, the primary source of non-cartel supply was … imports from Eastern European cement manufacturers. Industry sources have claimed that the cartel sought to control imports by …