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Author: NA Child Publisher: Springer Science & Business Media ISBN: 9401553017 Category : Business & Economics Languages : en Pages : 252
Book Description
The Classical economist of the 19th century, with his faith in the ultimate efficiency and equity of free, impersonal markets, would certainly be amazed and dismayed by the developments in foreign exchange markets during the last thirty-five years. With the exception of the United States no important trading nation in the world of today maintains a freely convertible currency. On the contrary, each nation maintains a more or less comprehensive system of controls over the receipts and payments which can be effected in international markets. Recent efforts to reduce the extent and rigor of exchange regu lation, notably in Western Europe, have yielded modest results; it seems unlikely, however, that foreign exchange transactions will ever again be completely free of controL Foreign exchange control, with a greater or lesser degree of bilateralism, is a product born largely of necessity. Two world wars and a major world-wide depression so distorted the pattern of world trade and investment that free markets were simply unable to achieve their "normal" automatic adjustment. Ex change control, on the other hand, has demonstrated its efficiency as a means of maintaining a semblance of order in disorganized international markets. Unfortunately, however, exchange con trol also has great possibilities for further distortion of the pat tern of world trade, for discrimination, and for economic ex ploitation - for economic effects generally considered undesirable.
Author: NA Child Publisher: Springer Science & Business Media ISBN: 9401553017 Category : Business & Economics Languages : en Pages : 252
Book Description
The Classical economist of the 19th century, with his faith in the ultimate efficiency and equity of free, impersonal markets, would certainly be amazed and dismayed by the developments in foreign exchange markets during the last thirty-five years. With the exception of the United States no important trading nation in the world of today maintains a freely convertible currency. On the contrary, each nation maintains a more or less comprehensive system of controls over the receipts and payments which can be effected in international markets. Recent efforts to reduce the extent and rigor of exchange regu lation, notably in Western Europe, have yielded modest results; it seems unlikely, however, that foreign exchange transactions will ever again be completely free of controL Foreign exchange control, with a greater or lesser degree of bilateralism, is a product born largely of necessity. Two world wars and a major world-wide depression so distorted the pattern of world trade and investment that free markets were simply unable to achieve their "normal" automatic adjustment. Ex change control, on the other hand, has demonstrated its efficiency as a means of maintaining a semblance of order in disorganized international markets. Unfortunately, however, exchange con trol also has great possibilities for further distortion of the pat tern of world trade, for discrimination, and for economic ex ploitation - for economic effects generally considered undesirable.
Author: Jonathan Kirshner Publisher: Princeton University Press ISBN: 0691222223 Category : Political Science Languages : en Pages : 304
Book Description
Jonathan Kirshner here examines how states can and have used international currency relationships and arrangements as instruments of coercive power for the advancement of state security. Kirshner lays the groundwork for the study of what he calls monetary power by providing a taxonomy of the forms that such power can take and of the conditions under which it can have effect. He then establishes the actual existence of monetary power by showing how the taxonomy is supported by the historical record, including cases from nations from all over the globe and throughout the twentieth century. He uncovers how monetary power is affected by different monetary regimes, the sources of its success and failure, and the factors that lead states to turn to its use. Kirshner thus succeeds in developing a generalized framework for the analysis of an important yet neglected form of state power that is likely to be of increasing importance in the post-Cold War era. Although some distinguished scholars have touched on the issue of monetary power, there has been until now no standard text on the subject. Integrating security studies and international political economy, this book is a timely synthesis that will be important to the entire discipline of international relations.
Author: ALESSANDRO ROSELLI Publisher: Springer ISBN: 1137327006 Category : Business & Economics Languages : en Pages : 485
Book Description
This books explains, on the basis of archival evidence and a simple economic model, why and how the gold standard collapsed in the interwar period. It also reveals how bilateralism and dirigisme in international financial relations emerged from the collapse of the universal gold standard, and how this poisoned international relations.
Author: Kenneth A. Oye Publisher: Princeton University Press ISBN: 0691227802 Category : Political Science Languages : en Pages : 247
Book Description
Did bilateral and regional bargaining choke off international commerce and finance in the 1930s and prolong the Great Depression? Is the open world economic system now being placed at risk by explicitly discriminatory practices that erode respect for the GATT, the IMF, and the IBRD? Most political economists would answer in the affirmative, warning that bilateral and regional preferences are at best inefficient and at worst catastrophic. By contrast, Kenneth Oye shows how economic discrimination can foster international economic openness by facilitating political exchange.
Author: Jonathan Kirshner Publisher: Princeton University Press ISBN: 0691239215 Category : Political Science Languages : en Pages : 336
Book Description
An argument for the classical realist approach to world politics An Unwritten Future offers a fresh reassessment of classical realism, an enduring approach to understanding crucial events in the international political arena. Jonathan Kirshner identifies the fundamental flaws of classical realism’s would-be successors and shows how this older, more nuanced and sophisticated method for studying world politics better explains the formative events of the past. Kirshner also reveals how this approach is ideally equipped to comprehend the vital questions of the present—such as the implications of China’s rise, the ways that social and economic change alter the balance of power and the nature of international conflict, and the consequences of the end of the US-led postwar order for the future of world politics. Laying out realism’s core principles, Kirshner discusses the contributions of the perspective’s key thinkers, including Thucydides, Hans Morgenthau, and Raymond Aron, among others. He illustrates how a classical realist approach gives new insights into major upheavals of the twentieth century, such as Britain’s appeasement of Nazi Germany and America’s ruinous involvement in Vietnam. Kirshner also addresses realism’s limits and explores contemporary issues, including the ascent of great power challengers, the political implications of globalization, and the diffusion of power in modern world politics. A reexamination of the realist tradition, with a renewed emphasis on the crucial roles played by uncertainty, contingency, and contestation, An Unwritten Future demonstrates how a once-popular school of thought provides invaluable insights into pressing real-world problems.
Author: Henry K. Junckerstorff Publisher: Springer ISBN: 9401507724 Category : Business & Economics Languages : en Pages : 93
Book Description
This study is written first of all for the European manager who needs more information on the subject than ever before. The American science of management as a whole is scarcely known in Western Europe although many details have been learned and put to use. A general approach, however, is needed. I have tried therefore to develop the main aspects in this field seen against the background of the national sciences and its characteristics. Thus the scientist will find an approach which as yet has never been offered before and he will be faced with a challenge to help setting up a science of management on a universal scale. ACKNOWLEDGMENT The author wishes to express his appreciation to his colleagues, associates and staff for their contributions of time and effort. To some extent acknowledgment is made in the footnotes and in the bibliography. Particular mention must be made for the generous offering of time and effort expended by Mr. Louis Erbs, M. S. in c., and Mr. Philip Degnan, Jr., B.S. THE AUTHOR CONTENTS Preface. . . . . . . . . . . . . .. . . . v PART I / Introduction Building up economies in underdeveloped co- tries . . . . . . . . . . . . . . . . . . .
Author: NA Child
Author: NA Child
Author: Frank C. Child
Author: Michael Moïssey Postan
Author: Victor E. Argy
Author: Jonathan Kirshner
Author: ALESSANDRO ROSELLI
Author: Norman Burgess
Author: Kenneth A. Oye
Author: Jonathan Kirshner
Author: Henry K. Junckerstorff