Globalization and the Transformation of Foreign Economic Policy
This volume charts the journey from the point when foreign economic policy was solely concerned with foreign trade to the current globalization of the world economy that creates a uniform market in goods, services and factors of production that embrace all countries and regions. It traces the goals and instruments of foreign economic policy during this period, providing insight into the long-run trends and developing new theoretical generalizations.
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The Concept of Foreign Economic Policy
Macroeconomic Instruments Applied in Foreign Economic Policy
Microeconomic Instruments Applied in Foreign Economic Policy
Globalization and Intemational Economic Policy
The Concept of Global Economic Policy
Exempliﬁcation of Foreign and Intemational Economic Policy
agreements balance of payments balance of trade banks beneﬁts Bozyk budget CEECs Central and Eastem centrally planned economy changes China Chinese economy Comp competition concemed country’s customs duties customs union deﬁcit demand Deng Xiaoping difﬁcult domestic currency domestic production economic growth economically developed countries enterprises exchange rate export factors of production ﬁnancial ﬁnancing ﬁrst ﬂow foreign economic policy foreign exchange foreign trade free market free trade GATT given country global economic policy goals govemment imports income increased individual countries inﬂation inﬂuence infrastructure instruments intemational economic policy intemational market intemational trade interest rate investments Japan labour less developed countries liberalization macroeconomic policy macroeconomic policy instruments market economy member countries newly industrialized countries non-tariff restrictions oil countries para-tariff price ﬂexibility proﬁt protectionism raw materials reduce reﬂected result role sector signiﬁcant signiﬁcantly Simultaneously speciﬁc strategy structure system transformation tariff United Warsaw Washington consensus Westem Europe