Author: Harry Gordon Johnson
Publisher:
ISBN:
Category : Commercial policy
Languages : en
Pages : 492

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Book Description

Author: Harry Gordon Johnson
Publisher:
ISBN:
Category : Commercial policy
Languages : en
Pages : 199

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Book Description
Trade and growth; Money; Economic growth.

Author: Harry G. Johnson
Publisher:
ISBN:
Category :
Languages : en
Pages : 199

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Book Description

Author: Ronald I. McKinnon
Publisher: Brookings Institution Press
ISBN: 9780815718499
Category : Business & Economics
Languages : en
Pages : 204

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Book Description
This books presents a theory of economic development very different from the "stages of growth" hypothesis or strategies emphasizing foreign aid, trade, or regional association. Leaving these aside, the author breaks new ground by focusing on the use of domestic capital markets to stimulate economic performance. He suggests a "bootstrap" approach in which successful development would depend largely on policy choices made by national authorities in the developing countries themselves. Central to his theory is the freeing of domestic financial markets to allow interest rates to reflect the true scarcity of capital in a developing economy. His analysis leads to a critique of prevailing monetary theory and to a new view of the relation between money and physical capital—a view with policy implications for governments striving to overcome the vicious circle of inflation and stagnation. Examining the performance of South Korea, Taiwan, Brazil, and other countries, the author suggests that their success or failure has depended primarily on steps taken in the monetary sector. He concludes that monetary reform should take precedence over other development measures, such as tariff and tax reform or the encouragement of foreign capital investment. In addition to challenging much of the conventional wisdom of development, the author's revision of accepted monetary theory may be relevant for mature economies that face monetary problems.

Author: Harry G. Johnson
Publisher:
ISBN:
Category : Commercial policy
Languages : en
Pages : 199

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Book Description

Author: Harry Gordon Johnson
Publisher:
ISBN:
Category : Commercial policy
Languages : en
Pages : 208

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Book Description

Author: Harry G. Johnson
Publisher:
ISBN: 9780674585003
Category :
Languages : en
Pages : 0

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Book Description

Author: Wei-Bin Zhang
Publisher: Springer Science & Business Media
ISBN: 3540782656
Category : Business & Economics
Languages : en
Pages : 415

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Book Description
The development of international trade theory has created a wide array of different theories, concepts and results. Nevertheless, trade theory has been split between partial and conflicting representations of international e- nomic interactions. Diverse trade models have co-existed but not in a structured relationship with each other. Economic students are introduced to international economic interactions with severally incompatible theories in the same course. In order to overcome incoherence among multiple theories, we need a general theoretical framework in a unified manner to draw together all of the disparate branches of trade theory into a single - ganized system of knowledge. This book provides a powerful – but easy to operate - engine of analysis that sheds light not only on trade theory per se, but on many other dim- sions that interact with trade, including inequality, saving propensities, education, research policy, and knowledge. Building and analyzing various tractable and flexible models within a compact whole, the book helps the reader to visualize economic life as an endless succession of physical ca- tal accumulation, human capital accumulation, innovation wrought by competition, monopoly and government intervention. The book starts with the traditional static trade theories. Then, it develops dynamic models with capital and knowledge under perfect competition and/or monopolistic competition. The uniqueness of the book is about modeling trade dyn- ics.

Author: Timothy S. Davis
Publisher: Cambridge University Press
ISBN: 9780521844741
Category : Business & Economics
Languages : en
Pages : 336

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Book Description
This book describes the contribution of David Ricardo to the development of macroeconomics.

Author: Harry G. Johnson
Publisher: Routledge
ISBN: 1134622791
Category : Business & Economics
Languages : en
Pages : 174

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Book Description
The studies collected in this volume embody the results of research conducted in the mid 1950s into various theoretical problems in international economics. They fall into three groups – comparative cost theory, trade and growth and balance of payments theory. This volume consolidates the work of previous theorists and applies mathematically-based logical analysis to theoretical problems of economic policy.