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OverviewFull Product DetailsAuthor: Hui Liang TsaiPublisher: Bloomsbury Publishing Plc Imprint: Praeger Publishers Inc Dimensions: Width: 15.60cm , Height: 1.20cm , Length: 23.40cm Weight: 0.478kg ISBN: 9780275931926ISBN 10: 0275931927 Pages: 209 Publication Date: 25 September 1989 Recommended Age: From 7 to 17 years Audience: College/higher education , Undergraduate , Postgraduate, Research & Scholarly Format: Hardback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of ContentsPreface Supply Disturbances and The World Economy: Perplexity, Uncertainty, and Skepticism New Era of Energy Awareness Macroeconomics of Energy Shocks Energy Shocks and Nature of the Adjustments Implications Challenges to Economic Stabilization Policy: Dilemma and Limitations Demand Management and Economic Nationalism Divergent Patterns and Policy Stances Responding to Exogenous Shocks: A Study in Contrasts Differing Policy Responses: OECD Experience Implications External Shocks, and LDC Economies Inflationary Effects of External Shocks Balance-of-Payments Effects of External Shocks Adjusting to External Shocks: LDC Experience Differing Guiding Philosophies Patterns of Adjustment Policy Implications World Payments Imbalances and Recycling Problems Different Payments Problems Recycling and Adjustment Problems Lessons from the Petrodollar Recycling International Debt Crisis and Financial Instability The LDC Debt Morass Debt Crisis and Debt Management Strategy Reform Proposals: Differing Perspectives Managing the LDC Debt Crisis: Two Distinct Schools of Thought Lessons from the World Debt Crisis Exogenous Disturbances and International Adjustment: Problems and Issues Fundamental Conflicts: An Embarrassing Paradox Limitations on LDC Exchange Rate Policy Responses to Exogenous Shocks Exchange-Rate Management and Control Exchange-Rate Determining: Theoretical Framework Empirical Evidence Bibliography Author Index Subject IndexReviews?This well-written book . . . reports on how economies respond to external shocks by analyzing the adjustment experience of both developed and developing countries to oil-price and other international changes during the '70s and early '80s. It therefore puts recent economic and political events into historical and economic theoretical perspectives, observing the significantly increasing globalization of such phenomena as inflation, stagnation, debt crises, and--particularly--national protectionism. Topics such as flexible market economics, adjustment programs, and recycling of money flows are therefore discussed in some detail, as are differences among countries, especially the US, France, West Germany, and the UK, which, uniquely, became independent of oil imports thanks to North Sea production. The author states the post-1973 oil price jump as amounting to an annual transfer of about 2% of the gross domestic product of the industrialized countries to the oil producers. To avoid such future calamities, he suggests more serious economic coordination among governments, and particularly strenuous efforts of developing countries to restore financial stability. . . . Many statistical tables; good bibliography.?-Choice Author InformationHUI-LIANG TSAI is Research Associate at the Center for Yugoslav-American Studies, Research, and Exchanges at Florida State University, Tallahassee. He is the author of The Energy Illusion and Economic Stability (Praeger 1989). Tab Content 6Author Website:Countries AvailableAll regions |
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