Following the launch in China of economic reforms and the 'open door policy', a new era of economic growth and global integration dawned. In 2008, the thirtieth anniversary year, China completes three decades of broad-based market-oriented macroeconomic reforms and restructuring. This book...

The U.S. dollar has served as the key currency of the international economic/financial system for over fifty years. This study assesses the proposition that the series of U.S. current-account deficits over the last twenty years will shortly exhaust the capability of the dollar to continue as the...

Although economists have long pointed to the aggregate gains from increased economic integration, the popular perception of globalization is much more pessimistic. Workers feel less secure in their jobs and fear wage losses and unemployment. This book explores these issues, and asks whether the...

The rise of China and India has completely changed the world economy, moving it towards disequilibrium. Several alternative economic policies are tested to seek a way towards high growth in any continent associated with long-run real and financial equilibrium. The authors argue for a new...

This book addresses key topics relating to international trade; letters of credit mechanism, collections of bills, trade customs and practice. Dealing with complicated implementation issues in a forthright and comprehensive fashion, it is an essential tool for navigating the procedures of...

Using figures from European Union members, the volume highlights the conditional effects of globalization, asset specificity, and domestic institutions. Far from being impotent, democratic states face politically powerful pressures to continue to shield social actors from the vagaries of the...

This book analyses the development challenge faced by Latin America at a time at which the concerns for the large inequality in the region are at a peak. This volume focuses on growth-with-equity, and is written by an outstanding group of Latin American and international researchers and...

More than half of the world's sovereign states are small economies. The majority are in Sub-Saharan Africa and the Caribbean Basin. For small economies, the globalization process involves opportunities, but also important risks because of their vulnerability and lack of diversification. This...

The Political Economy of Independent Ukraine analyses the reasons for the abysmal economic performance of Ukraine during the 1990s. The main thesis is that economic development was blocked by a set of parasitic mechanisms at all levels of the economy that prevented the development of value-added...

This book explains the role and limitations of liberalized international trade on the global environment and sustainable development. A distinguishing feature of this book is an integration of trade, environment and development perspectives for operationally meaningful policy purposes. The...