Boom, Crisis, and Adjustment reviews the macroeconomic experiences of eighteen developing countries from 1974 to 1989. The authors address why the experiences and policy reactions have differed among the countries, and how their individual growth rates were affected by these policy reactions.

Boom, Crisis, and Adjustment: The Macroeconomic Experience of Developing Countries (A World Bank Book)

Business & Money

Corden, W. Max

Rajapatirana, Sarath

Cooper, Richard N.

LITTLE, I.M.D.

Economics

Oxford University Press

These eleven essays written over the past fifteen years continue and develop Richard Cooper's central theme of interdependence, reflecting his experience in government in the Council of Economic Advisers and as Undersecretary of State for Economic Affairs.

Economic policy in an interdependent world: Essays in world economics

MIT Press]

The International Monetary System: Essays in World Economics

These essays on the international monetary system continue Richard Cooper's investigation of world economics begun in his first volume, of collected essays, Economic Policy in an Interdependent World.

Drawing on preliminary results from a massive study conducted by the World Bank to probe the links between stabilization and growth, Cooper examines the experience of developing countries faced by the oil shocks of the 1970s and the debt crisis of the 1980s. He points out that a global slowdown in growth has shifted the main economic concern in developing countries from long-term growth to stabilization and adjustment. Cooper takes into account the cross-country variables that influence the degree to which a country is affected negatively or positively by external shocks and covers such topics as political organization and external debt resolution.The first chapter focuses on countries that experienced adverse shocks from the sharp increase in oil prices beginning in 1974. It also addresses countries that should have benefited from the oil price increase, and from a comparable increase in coffee prices, for which events turned out to be less favorable than they seemed. The second chapter analyzes the "disabsorption" a country faces when it can no longer rely on foreign lending or advantageous terms of trade; it also looks at inflationary pressures and at the role of the International Monetary Fund in designing stabilization programs for its member countries. The third chapter discusses the main influences on a country's economic performance and also discusses the lessons offered for successful stabilization and long-term growth. Moving from individual developing nations to the world economic system, the final two chapters examine the question of external debt and why it has proved to be such an international stumbling block, offering suggestions on how it might be resolved.

Economic Stabilization and Debt in Developing Countries (Ohlin Lectures)

Mit Pr

In the age of Three Mile Island and Chernobyl, a new international trade in industrial and human waste, the depletion of the ozone layer, and the greenhouse effect, the importance of international cooperation is supremely evident. In the economic arena, such problems include speculative instability in financial and primary commodities markets, competition in tax regimes, and the greatly enhanced scope for tax evasion. Can Nations Agree? examines the crucial issues surrounding international cooperation-- conditions that foster cooperation toward common goals; ways to handle the friction arising from conflicting goals; and the structures that best promote cooperation. Although nations recognize the value of cooperation in an independent world, a variety of conditions inhibit the process. In recent decades the number of independent nations has risen rapidly, and so has the variety of decisionmakers and national interests to be reconciled. At the same time, the economic power of the United States has declined in relation to other successful capitalist countries. In the chapters on the 1978 Bonn economic summit, German macroeconomic policy, international cooperation on public health issues, and hegemony and stability, the scholars contributing to this volume analyze the history and process of international cooperation to offer fresh insight for future efforts.

Can Nations Agree?: Issues in International Economic Cooperation (Studies in International Economics)

Eichengreen, Barry

Holtham, Gerald

Brookings Institution Press

To whom do the Earth's riches belong—all of mankind, the nations in which those riches are found, or individuals? Why should a relatively small number of Arabs own most of the world's oil reserves? Why should South Africans own most of the world's gold and diamond resources? Or why should the Americans and Canadians own the agriculturally rich Great Plains? Shouldn't these resources and the environment be treated as endowments available to all mankind?
 Long ago, the international community agreed to a system of national ownership of natural resources, giving states sovereignty over their respective territories. In recent years, however, environmentalists have raised questions about this distribution of property rights with respect to global environmental issues, such as atmospheric disposal of waste gases, preservation of the Earth's genetic material, and the destruction of tropical rain forests. When environmental impacts are global, international action may be warranted to ensure that individual nations are complying with transnational standards.
 In this book, part of the Brookings Integrating National Economies series, Richard N. Cooper evaluates the need for international policy action in natural resource and environmental management. Using numerous examples, he illustrates the issues that cause conflict in environment and resources policies. Cooper divides the use of natural resources into three categories and examines the rationale for international action in each. He discusses the use of resources not yet subject to national jurisdiction, such as Antarctica, open oceans, and outer space, and analyzes the effects of national action on other nations via both market and environmental externalities.
 Taking into account the diversity of individual states' circumstances and priorities, Copper concludes that stiff environmental regulations generally are not the best answer to environmental management. He explains that developing countries are not likely to take actions to improve environmental hazards if those actions risk slowing their economic growth. Instead, policies that provide incentives for compliance with international standards are needed. The book outlines past internatioal actions, what has worked and what has not, and provides recommendations for future actions.
 A volume of Brookings' Integrating National Economies Series

Environment and Resource Policies for the Integrated World Economy (Integrating National Economies: Promise & Pitfalls)

To whom do the Earth's riches belong—all of mankind, the nations in which those riches are found, or individuals? Why should a relatively small number of Arabs own most of the world's oil reserves? Why should South Africans own most of the world's gold and diamond resources? Or why should the Americans and Canadians own the agriculturally rich Great Plains? Shouldn't these resources and the environment be treated as endowments available to all mankind?Long ago, the international community agreed to a system of national ownership of natural resources, giving states sovereignty over their respective territories. In recent years, however, environmentalists have raised questions about this distribution of property rights with respect to global environmental issues, such as atmospheric disposal of waste gases, preservation of the Earth's genetic material, and the destruction of tropical rain forests. When environmental impacts are global, international action may be warranted to ensure that individual nations are complying with transnational standards.In this book, part of the Brookings Integrating National Economies series, Richard N. Cooper evaluates the need for international policy action in natural resource and environmental management. Using numerous examples, he illustrates the issues that cause conflict in environment and resources policies. Cooper divides the use of natural resources into three categories and examines the rationale for international action in each. He discusses the use of resources not yet subject to national jurisdiction, such as Antarctica, open oceans, and outer space, and analyzes the effects of national action on other nations via both market and environmental externalities.Taking into account the diversity of individual states' circumstances and priorities, Copper concludes that stiff environmental regulations generally are not the best answer to environmental management. He explains that developing countries are not likely to take actions to improve environmental hazards if those actions risk slowing their economic growth. Instead, policies that provide incentives for compliance with international standards are needed. The book outlines past internatioal actions, what has worked and what has not, and provides recommendations for future actions.A volume of Brookings' Integrating National Economies Series

Environment and Resource Policies for the Integrated World Economy (Integrating National Economies)

A reordered world;: Emerging international economic problems

Potomac Associates

Economic Stabilization in Developing Countries

Ics Pr

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