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Why did British boats shoot their way up the Yangzi in 1842, rather than Chinese ones up the Thames? Why do Easterners use English more than Europeans speak in Mandarin or Japanese? To put it bluntly, why does the West rule? There are two schools of thought: the 'Long-Term Lock In' theory, suggesting some sort of inevitability, and the 'Short-Term Accident' theory. But both approaches have misunderstood the shape of history. Ian Morris presents a startling new theory. He explains with flair and...

Perspectives of Oil and Gas: The Road to Interdependence is an up-to-date analysis of the dynamics of petroleum resources. It covers such subjects as oil reserves, depletion policy, pricing strategy, technological factors, and consumer trends. Likewise, it addresses the constraints faced by oil industry planners, from production to third party sales and refining. In addition to in-depth analysis, this book proposes practical solutions to complex problems: for example, how the different...

This broad-ranging collection assesses the links between targets and central bank independence, accountability and the transparency of monetary policy. Renowned experts contribute to this original and comprehensive text which will be of great value to professional economists and students of economics and banking alike. Monetary Policy Frameworks in a Global Context was named Book of the Year, 2000 by Central Banking journal

This book addresses two key questions: What impact can international trade rules on services have on the design and pursuit of domestic regulatory decisions? How can such negotiations be harnessed to promote and consolidate domestic policy reform? This timely volume offers contributions from many of the world's leading experts on trade on services.

This text examines 150 years' worth of efforts at constructing arrangements and rules for international monetary interaction, and arguing that present day national authorities do not seem to have come much closer to achieving the aim of enduring exchange rate stability combined with good macroeconomic performance. This contributors to this volume offer an insight into the working of the key experiences, including 19th-century bimetallism, the "classical" gold standard, Bretton Woods ans the Euro...

The rapid growth in seafood trade in the past three decades has created a truly global market for fish. Written by one of the world's leading authorities on the subject, this book is the first to explore the structure, function and trends of this international market. It is invaluable for seafood traders, government officials and researchers, and has become the standard reference on the desks of all participants in and observers of the international fish and seafood trade.

The 1970s through the early 1980s was a difficult period in the history of the U.S. economy. Double-digit inflation, high unemployment, sharply reduced industrial competitiveness, and worrisome trade deficits clouded the horizon, while Japan, Germany, and other European nations competed successfully for world markets. In this controversial new book, Thomas Ilgen argues that these U.S. difficulties in the world economy were the result of the success of postwar foreign policy objectives rather tha...

Economists have long recognized the gains from international trade. The question is, does international trade - or more broadly, globalization - increase growth? Notwithstanding the debates, there are still many questions, old and new, need to be explored in order to improve our understanding on various aspects of globalization, including its consequences. This book addresses some of these questions, utilizing micro datasets of some East Asian countries. The focus on East Asia is particularly in...

This paper discusses changes in public debt management under economic and monetary union (EMU) and its implications for monetary policy. With the advent of EMU, government securities have been redenominated in euros. The speculative demand and the demand for portfolio diversification related to exchange rate variation have disappeared. Common euro denomination has made liquidity and default-risk the distinguishing dimensions of government securities issued by EMU member states.

In this volume, the authors stress the importance of a balance between historical circumstance and ex-novo design (evolution and revolution) for feasible and flexible rules of international finance, and apply this lesson to the debate on a new international financial architecture.

Ziel dieser Arbeit ist es, internationale okonomische Probleme, die durch den Schutz nationaler und internationaler Umweltguter auftreten oder die eben diesen Schutz verhindern, strukturiert darzustellen, zu analysieren und mogliche Losungsansatze zu ihrer Bewaltigung aufzuzeigen. Es werden nach der ausfuhrlichen Problemanalyse okonomische Mechanismen, die eine internationale Kooperation ermoglichen konnen, untersucht. Unter dem gleichen Gesichtspunkt folgen eine Betrachtung theoretischer und pr...

Ausgehend von den Funktions- und Strukturunterschieden zwischen Banken einer plan- und einer marktwirtschaftlichen Ordnung und den sich hieraus ergebenden Aufgaben bei der Umgestaltung des Bankwesens analysiert die Arbeit, welche konkreten Ergebnisse die Transformation des Bankensektors in Polen seit 1989 erbracht hat. Im Kontext der (neuen) politischen Okonomie steht dabei die Rolle des Staates im Zentrum der Analyse. Die Untersuchung beleuchtet die politischen und okonomischen Faktoren sowie d...