There is much confusion in the economics literature on wage determination and the employment-inflation trade-off. Few model builders pay as much careful attention to the definition and meaning of long-run concepts as did Albert Ando. Expanding on years of painstaking work by Ando, the...

"Written in the spirit of the long time Yale Professor, James Tobin, who has held the view that monetary policy is not neutral, this volume provides an analysis of the different economic performances exhibited by the USA, the Euro-area, and Japan in the last decade. Through addressing the...

Introduction and overview / Prema-chandra Athukorala -- Asian trade and investment : trends and patterns / Prema-chandra Athukorala and Hal Hill -- The spatial patterns of production and distribution networks in East Asia / Mitsuyo Ando and Fukunari Kimura -- Production fragmentation and...