Economic Policy in an Interdependent World

by Cooper, Richard N.

• ISBN13: 9780262530729
• ISBN10: 0262530724
• Edition: Reprint
• Format: Paperback
• Copyright: 1987-10-05
• Publisher: Mit Pr

Summary

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. They focus in particular on the opportunities and constraints for national economic policy in an environment where goods, services, capital, and even labor are increasingly mobile. The first four chapters are informal, discursive treatments of economic and foreign policies in the face of growing interdependence among nations. The remaining chapters cover such specialist topics as optimal regional integration, the integration of world capital markets, the impact of greater interdependence on the effectiveness of domestic economic policy, the comparison of monetary and fiscal policy under fixed and flexible exchange rates, currency evaluation in developing countries, and the appropriate size and composition of a developing country's external debt. A concluding chapter surveys the preceding essays in terms of coordinating macroeconomic policymaking in an interdependent world economy. Richard N. Cooper is Maurits C. Boas Professor of International Economy at Harvard University.

Table of Contents

Preface	p. vii
Economic Interdependence and Foreign Policy in the Seventies	p. 1
World Politics 24, no. 2 (1972): 159-181
Managing Risks to the International Economic System	p. 23
Managing International Risks
Global Economic Policy in a World of Energy Shortage	p. 53
Economics in Public Service
Economic Mobility and National Economic Policy	p. 71
Wicksell Lectures 1973
Worldwide Regional Integration: Is There an Optimal Size of the Integrated Area?	p. 123
Economic Integration: Worldwide, Regional, Sectional
Towards an International Capital Market?	p. 137
North American and Western European Economic Policies
Macroeconomic Policy Adjustment in Interdependent Economies	p. 155
Quarterly Journal of Economics 83
Monetary Theory and Policy in an Open Economy	p. 179
Scandinavian Journal of Economics 78, no. 2 (1976): 146-163
An Analysis of Currency Devaluation in Developing Countries	p. 199
International Trade and Money
Borrowing Abroad: The Debtor's Perspective	p. 229
International Debt and the Developing Countries
Economic Interdependence and Coordination of Economic Policies	p. 289
Handbook in International Economics, vol. 2
Acknowledgments of Sources	p. 333
Index	p. 335
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