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Since the five largest industrial democracies concluded the Plaza Agreement in 1985, the theory and practice of international economic policy coordination has become the subject of spirited academic and public-policy debate. While some view policy coordination as crucial for the construction of an improved international monetary system, others fear that it risks delaying or weakening the implementation of macroeconomic and structural policies. In these papers and comments, prominent international economists consider past and present interpretations of the meaning of international policy coordination; conditions necessary for coordination to be beneficial both to the direct participants and the global economy; influential factors for the quantitative impact of coordination; obstacles to coordination; the most—and least—effective methods of coordination; and future directions of the coordination process, including processes associated with greater fixity of exchange rates. These studies will be readily accessible to policymakers, while offering sophisticated analyses to interested scholars of the global economy.
In an outstanding account of exchange rates inthe international monetary system, W. Max Corden considers the essential issues in international macroeconomics.The author takes as his model the macroeconomic situation of a country with an open economy, and explains the effects of domestic fiscal and monetary macroeconomic policy on exchange rates. He clearly analyses the choices faced by governments attempting to manage both the domestic inflation rateand the external exchange rate and current account balance. Professor Corden then discusses the European Exchange Rate mechanism, and provides a sceptical analysis of the possibilities for monetary union in Europe, and for international policy co...
This account of exchange rates in the international monetary system considers the issues in international macroeconomics. Using theoretical models of international economics it explains the effects of various policies and issues in macroeconomics.
Renewal of Government is a short analysis of the many issues facing Britain today. It recommends a root-and-branch reform of public policy, and shows in detail how to implement it.This book proposes many different ways to make public sector organisations more dynamic and less bureaucratic. It looks at whether there are alternative, non-statist ways to achieve the objectives of public policy. And a consistent theme throughout the book is the need to swap central targets and controls for the right structures and incentives.Across many different fields we find that the answer is to devolve control and accountability to the local level. We find that government policy fails whenever it does not enable people and communities to take responsibility for their own lives.
International Relations offers a guide to the state of International Relations theory during the Cold War. It provides a critical commentary on the literature of the time and covers all aspects of this discipline in detail.
The discipline of international relations has, in recent years, become separated from political science, the latter becoming viewed primarily as a study of government and domestic politics. At the same time, international relations has been experiencing uncertainty, firstly with the multi-paradigmatic structure of the disciple, and secondly, with the new wave of post-behavioural theorists questioning the utility of the discipline.
This Oxford Handbook assembles the world's leading scholars in International Relations to present diverse perspectives about purposes, questions, theories, and methods. It will become the first point of reference for scholars and students interested in these key issues.