EAN: 9780521022620
This book extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs. Rationing of foreign exchange prevents a 'soft currency distortion' that commonly afflicts developing countries and can turn comparative advantage trade into competitive devaluation trade, with severe losses of income and welfare. Yotopoulos finds that the level of underdevelopment narrowly circumscribes and conditions the extent to which free-market, free-trade, laissez-faire can be beneficial, contrary to the mainstream policy paradigm as currently applied. The analysis and tests draw on empirical research from seventy countries and four extended country studies to confirm the usefulness and validity of the theoretical framework.
Ook bij Amazon
Vergelijk de prijs op Amazon.nl
We mailen je binnen 24 uur een antwoord over de Exchange Rate Parity for Trade and Development: Theory, Tests, and Case Studies. Geen verkooppraat.
This book extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries.
The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs.
Rationing of foreign exchange prevents a 'soft currency distortion' that commonly afflicts developing countries and can turn comparative advantage trade into competitive devaluation trade, with severe losses of income and welfare.
Yotopoulos finds that the level of underdevelopment narrowly circumscribes and conditions the extent to which free-market, free-trade, laissez-faire can be beneficial, contrary to the mainstream policy paradigm as currently applied.
The analysis and tests draw on empirical research from seventy countries and four extended country studies to confirm the usefulness and validity of the theoretical framework.
De Exchange Rate Parity for Trade and Development: Theory, Tests, and Case Studies is een product. Op deze pagina vind je de volledige productinformatie, actuele prijzen en reviews.
De Exchange Rate Parity for Trade and Development: Theory, Tests, and Case Studies is momenteel verkrijgbaar vanaf € 51,99 bij Bol.com. Prijzen kunnen dagelijks wisselen.
Voor de Exchange Rate Parity for Trade and Development: Theory, Tests, and Case Studies is nog geen reviewscore beschikbaar. Bekijk de productspecificaties en beschrijving om te beoordelen of het product bij jou past.
De Exchange Rate Parity for Trade and Development: Theory, Tests, and Case Studies is verkrijgbaar bij Bol.com. Klik op een aanbieder om direct naar de productpagina te gaan.
De prijzen worden dagelijks automatisch ververst vanuit onze partnerwebshops. De definitieve prijs inclusief eventuele acties zie je op de webshop zelf.
Productvraag verzamelt productinformatie, prijzen en reviews van Nederlandse webshops op één plek. Zo kun je snel zien wat een product kost, wat gebruikers ervan vinden en waar je het kunt kopen.
