International Economics Policies and Their Theoretical Foundations

International Economics Policies and Their Theoretical Foundations

A Source Book

1st Edition - January 1, 1982

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  • Editor: John M. Letiche
  • eBook ISBN: 9781483271286

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International Economics Policies and Their Theoretical Foundations: A Source Book provides information pertinent to the increasing differentiation of international economic policies among the developed and developing market economies. This book presents an analysis of fundamental principles of international economics. Organized into nine parts encompassing 33 chapters, this book begins with an overview of the certain elements of the relationship between the developing and the developed countries that the developing countries find particularly irksome. This text then analyzes the determinants of secular changes in the terms of trade and attempt to assess the influence of these changes on the development of a poor country. Other chapters consider the different concepts of the terms of trade, including the gross barter, income, net barter or commodity, and utility terms of trade. The final chapter deals with the economic scenarios for the 1980s. This book is a valuable resource for teachers, students, and government officials.

Table of Contents

  • Preface


    I. Evolution and Revision of the International Economic Order

    The Evolution of the International Economic Order


    II. Terms of Trade and Gains from Trade

    Terms of Trade

    The Development of Gains from Trade Theory: Classical to Modern Literature

    III. World Food, International Trade, and Agriculture

    The Allocative Efficiency of Traditional Agriculture

    The Economics of the Value of Human Time

    The World Food Situation: Developments during the 1970s and Prospects for the 1980s

    IV. Common Markets

    Developed Countries

    The Economics of Customs Unions

    The Theory of Customs Unions: A General Survey


    Developing Countries

    The Theory of Common Markets as Applied to Regional Arrangements Among Developing Countries

    V. International Cartels, Commodity Agreements, and the Oil Problem

    International Cartels and Monopolies in International Trade

    Simple Theoretical Analysis of International Commodity Agreements

    What Factors Affect Oil Prices?

    VI. Multinationals and International Investment

    Foreign Direct Investment and Market Performance

    International Investment and International Trade in the Product Cycle

    The Multinational Corporation and the Law of Uneven Development

    VII. Commercial Policies

    Developing Market Economies

    The Choice of a Development Strategy: Lessons and Prospects

    The Classical Theory of International Trade and the Underdeveloped Countries

    The Latin American Periphery in the Global System of Capitalism

    Effects of the World Economic Crisis on the East European Economies

    Developed Market Economies and Gatt and Foreign Aid

    The Tokyo Round of Multilateral Trade Negotiations, 1973-79

    International Assistance Policies

    VIII. International Payments

    The Meaning of "Internal Balance"

    Money, Balance of Payments Theory, and the International Monetary Problem

    Currency Devaluation in Developing Countries

    Some Questions and Brief Answers About the Eurodollar Market

    Operating Principles and Procedures of the European Monetary System

    Exchange Rate Economics: Where do we stand?

    Floating Exchange Rates and the Need for Surveillance

    How Members Use Fund's Resources To Meet Balance of Payments Needs

    IX. Perspectives and Implications

    Some Economic Scenarios for the 1980's

Product details

  • No. of pages: 686
  • Language: English
  • Copyright: © Academic Press 1982
  • Published: January 1, 1982
  • Imprint: Academic Press
  • eBook ISBN: 9781483271286

About the Editor

John M. Letiche

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