Economic Problems of the 1990s: Europe, the Developing Countries, and the United StatesPaul Davidson, J. A. Kregel This book brings together an important body of new essays on key economic problems and challenges of the 1990s. The essays provide new perspectives on key issues including economic development, East Europe, 1992, the US trade deficit, protectionism, the unification of Germany, privatization and many other topical issues. The papers included in the volume were presented at a conference organized by Paul Davidson and Jan Kregel and organized around three basic areas: problems of economic development, debt and the international payments system; integration and reconstruction of Western and Eastern Europe; and problems facing the US economy. The contributors represent an international group of distinguished economists. Economic Problems of the 1990s is an essential reference point for all economists concerned with economic problems and prospects in the late 20th century. It provides readers with an understanding of the problems facing the international economy and with innovative suggestions for solutions. |
Contents
The Terms of Trade of Primary Commodities Debt | 3 |
Banking on Capital Flight | 31 |
A Post Keynesian Approach to Inflation High Inflation | 69 |
Copyright | |
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agency agricultural balance of payments billion Brazil budget deficit Bundesbank capital flight cent of GDP Central Bank changes Collor Plan competition consumption contractors contracts costs currency debt service decline depreciation Deutsche Bundesbank developing countries dollar domestic East German Eastern Europe economic development economic growth effect efficiency elasticity of demand estimates exchange rate expected factors Federal financial assets firms fiscal adjustment floating exchange rate flow foreign funds global growth rate high inflation hyperinflation important income elasticity incomes policy increase industry inertial inflation institutional interest rates investment Keynes LDCs liquidity ment monetarist monetary policy money supply neoclassical output political development Post Keynesian primary commodities primary products private sector problems profit-seeking agents profits programme public sector ratio real income reduce reforms relative prices rents result single market spending stabilization surplus terms of trade theory tion trade deficit trade of primary unification