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Showing papers on "Globalization published in 1982"


Book ChapterDOI
01 Jan 1982
TL;DR: In this article, an extension of the two-sector model of economic growth to an open economy is proposed, where the two goods are consumption and investment, respectively, and the two countries are denoted as the home country (HC) and the foreign country (FC), respectively.
Abstract: The final chapter of the book is devoted to an extension of the two-sector model of economic growth to an open economy. We thus consider two countries, denoted as the “home” country (HC) and the “foreign” country (FC, or the rest of the world). The two goods will be, as before, consumption and investment.

75 citations


Book
01 Jan 1982
TL;DR: In this article, the authors assess the trends in trade policy and the setting within which these problems are occurring, including the impact of international monetary imbalances and the evolution of the General Agreement on Tariffs and Trade.
Abstract: Now available directly from: IIE11 Dupont Circle, NWWashington, DC 20036Tel: (202) 328-9000The twenty contributions in this book, by academics (such as John H. Jackson and J. David Richardson) former government officials (such as C. Fred Bergsten and Harald B. Malmgren) and businessmen (such as John Diebold) address issues in the world trading system. This system which as been of critical importance to both economic prosperity and political harmony throughout the postwar period, now faces strains not seen since the 1930s.The book assesses the trends in trade policy and the setting within which these problems are occurring, including the impact of international monetary imbalances and the evolution of the General Agreement on Tariffs and Trade. It reviews the objectives and approaches of the United States, the European Community, Japan, and the developing countries and presents detailed analyses of the major issues that have dominated trade policy in recent years: subsidies, safeguards, domestic adjustment to changes in trade patterns, agriculture, textiles and apparel, steel, and automobiles. Issues that will become important subjects of trade policy in this decade - services, trade-related investment practices, and trade in high technology products - are also covered.Proposals for responding to each of these problems are discussed in the book's conclusion. These include a "constrained ideal" for the world trading regime in the late 1980s and specific suggestions for dealing with the individual issues and for modernizing the whole system. Particular attention is paid to the relationship of trade policy to international monetary developments, the future of the General Agreement on Tariffs and Trade, and the launching of new international negotiations to handle the wide array of industry and functional problems.

75 citations


Book
01 Jan 1982
TL;DR: A bird's-eye view of the economy can be found in this article, where the authors discuss the economic background of the United States and its history, including three great economists.
Abstract: Introduction I The Economic Background One Capitalism: Where Do We Come From? Two Three Great Economists Three A Bird's-Eye View of the Economy Four The Trend of Things II Macroeconomics -- The Analysis of Prosperity and Recession Five The GDP Six Saving and Investing Seven Passive Consumption, Active Investment Eight The Economics of the Public Sector Nine The Debate About Government Ten What Money Is Eleven How Money Works III Microeconomics -- The Anatomy of the Market System Twelve How Markets Work Thirteen Where Markets Fail Fourteen The Two Worlds of Business IV Problems Fifteen The Specter of Inflation Sixteen The Inequality Problem Seventeen Globalization Eighteen National Policy in a Globalized World Nineteen The Unfinished Revolution Index

38 citations


Journal ArticleDOI

32 citations



Book ChapterDOI
01 Jan 1982

17 citations


Book
01 Jan 1982
TL;DR: The System of International Payments International Financial Markets The Political Environments of Multinational Corporations Trading Blocs and Common Markets Cultural Issues in International Business Determinants of International Competitiveness International Risk Management Financing International Trade Government Aids and Services Impediments to International Trade Legal Aspects of International Trade International Trade in Services as discussed by the authors.
Abstract: The System of International Payments International Financial Markets The Political Environments of Multinational Corporations Trading Blocs and Common Markets Cultural Issues in International Business Determinants of International Competitiveness International Risk Management Financing International Trade Government Aids and Services Impediments to International Trade Legal Aspects of International Trade International Trade in Services.

16 citations








Journal ArticleDOI
TL;DR: In this paper, international trade data are of great importance to planners in the Third World as well as to academic researchers, and they are often considered to be the best economic series available.
Abstract: International trade data are of great importance to planners in the Third World as well as to academic researchers. They are often considered to be the best economic series available. Just how accurate are these data really?

Journal ArticleDOI
TL;DR: Bergesen, H. O. et al. as mentioned in this paper compared traditional Norwegian foreign policy ideals with the problems Norway is facing as an oil-exporting country, and found that the Norwegian ideal is a world apart from the insecure, unstable oil system with its high economic stakes, political risks, and high tension.
Abstract: Bergesen, H. O. 'Not Valid for Oil': The Petroleum Dilemma in Norwegian Foreign Policy. Cooperation and Conflict, XVII, 1982, 105-116.In this article traditional Norwegian foreign policy ideals are compared with the problems Norway is facing as an oil-exporting country. It is the basic thesis of the article that in the latter capacity the country is confronted with a global situation very different from the international environment it is familiar with and from the ideals on which its foreign policy is based. This is most clearly seen with regard to the vision of a future international legal order including close political cooperation across the North-South cleavage — the globalization of the Scandinavian model. This ideal is a world apart from the insecure, unstable oil system with its high economic stakes, political risks, and high tension. The article explores how the Norwegian foreign policy leadership has reacted to this discrepancy. The analysis shows that it is hard to discern any overall, dominati...

Book
01 Jan 1982
TL;DR: The New International Economics as mentioned in this paper describes the evolution and revision of the international economic order, including the creation of the International Cartels, Commodity Agreements and the Oil Problem.
Abstract: Evolution and Revision of the International Economic Order. Terms of Trade and Gains from Trade in Goods and Services, Capital and Assets. World Food, International Trade and Agriculture. Common Markets. International Cartels, Commodity Agreements and the Oil Problem. Multinational and International Investment. Commercial Policies. The New International Economics. International Payments. Perspectives and Implications.



13 Jan 1982
TL;DR: In this article, the authors discuss about the rapid industrialization, enlarged share of world trade, investment, total output, and capital surplus oil-exporting countries of the Middle East.
Abstract: This report discuss about the rapid industrialization; enlarged share of world trade; investment; total output; and capital surplus oil-exporting countries of the Middle East.


Journal ArticleDOI
TL;DR: The classical school regards international trade as the main engine of growth, and modern empirical studies have failed to show any simple and generally consistent correlation between foreign trade statistics and macroeconomic aggregates such as savings, investment, consumption and growth as mentioned in this paper.
Abstract: The classical school regards international trade as the main engine of growth. But modern empirical studies have failed to show any simple and generally consistent correlation between foreign trade statistics and macro-economic aggregates such as savings, Investment, consumption and growth1. The more generally accepted view is that development through trade where it occurred was partly the consequence of favourable internal environment. What are the prospects for growth through trade in West Africa in the 1980s?