Dynamics of globalization and development

CONTENTS;
Preface;
1. Dynamics of Globalization and Development: An Introduction;
Satya Dev Gupta and Nanda K. Choudhry
Globalization at the Crossroads?
Financial Liberalization
Multinational Enterprises, Investment and Technology
Micro Foundations
Conclusion
References
I. Financial Llberallzatlon;
2. Foreign Aid and Growth: A Simulation Model;
Kanhaya Gupta and Robert Lensink
A Non-technical Explanation of the Model
The Coefficients and the Simulation Strategy
The Simulation Results
The Alternative Simulations
Conclusions
Appendix: The Model
References
3. Liberalization and Growth-oriented Structural Adjustment
Programs: A Financial Programming Approach for India;
M J Manohar Rao and Balwant Singh
Analytical Framework For Macroeconomic Management
Financial Programming
Conclusions
References
4. The Monetary Dynamics of Economic Integration;
Paul Deprez and lohan Deprez
A Keynesian Theoretical Foundation
A Keynesian Interpretation of the Monetary Dynamics
of Integration
Monetary Integration and Economic Growth
The Policy Requirements for Effective Economic Integration
References
II. Multinational Enterprises, Investment and Technology;
5. EU, ASEAN and North American Integration:
Lessons from Their Degrees of Integration
Maria Sophia Aguirre
Blocs and Their Degrees of lntegration
Econometric Analysis
Conclusions
References
6. Speculation-led Development in the Third World;
Ilene Grabel
Theoretical Foundations of Speculation-led Development
Speculation-led Development
Consequences of Speculation-led Economic Development
Implications for Financial Liberalization Theory and Policy
References
7. Globalization and Development: Lessons from the Peripheral Countries of the European Union;
Eleni Paliginis
Conditions for Convergence in the EU Periphery
Economic Structures: Core and Periphery
The Single European Market
Policies for the Development of the European Periphery
Conclusion
References
8. Globalization's Implications for Indonesia:
Trade Policy, Multinationals, and Competition;
William E. James and Eric D. Ramstetter
Recent Economic Trends and the Policy Debate
Changing Trade Structures and Comparative Advantage
Foreign Multinational Firms and Competition in Manufacturing
Conclusions
Appendix
References
9. Technical Diffusion and Confusion;
Michael Bradfield
Back to the Basics
Reality Check
Alternatives
References
10. The Role of Intellectual Property Rights in Economic Growth;
David M Gould and William C. Gruben
Intellectual Property Rights Protection
Intellectual Property Rights and Economic Growth Theory
Intellectual Property and Economic Growth
Intellectual Property Rights and Economic Growth: The Results
Intellectual Property in Open and Closed Trade Regimes
Conclusion
Data Source Appendix
References
III. MICRO Foundatlons;
11. A New Approach to Global Trade Imbalances
Ravi Batra
The Absorption Approach
An Alternative Approach
A Critique of the Current Thinking
A New Interpretation of U.S. BOP History
Developing Economies
Conclusion
References
12. Structural Microeconomics of Productive Efficiency and Strategic Alliances;
Robin Rowley and Renuka Jain
Inertial Forces and Prior Commitment to Competition
Theoretical Omissions and Realistic Inadequacies
Structural Design, Technological Progress and Information
Microeconomic Foundations of Globalization
International Collaboration, Standards and Alliances
Dynamic and Integrated Global Processes
Reconstruction, Communication and Managerial Limits
Recasting Some Earlier Theories of the Large Firms
Concluding Remarks: Globalization and Micro-Macro Synthesis :
References
13. Markets, Globalization and Structural Change;
Masudul Alam Choudhury and Abdul Fatah Che Hamat
Questions on the Methodology of Oligopolistic Decision Making:
The Contractarian Nature of Oligopolistic Decision Making
Alternative Concept of Market Contract
Social Contractarianism of Markets: Hayek and Buchanan
A Model of the Market as a System of Social Contract
Oligopolistic behavior in the Light of Know1edge Induced
Markets
Islamic Relevance of Malaysian Development Initiatives
Political Economy of Markets in the Globalization Process
Some Empirical Inferences on Markets and Globalization
Conclusion
References
14. A New International Economic Priority:
Index;
Policy Responsibilities among Multilateral and Regional Institutions
H. Edward English
The Unique Example of the EEC
Shifting Priorities since the 1960s
A Common Theoretical Context-Market Failure and "Subsidiarity"
Competition Policy Issues
International Investment and Technology Issues
Environment and International Transactions
Policy Priorities and Programs Linking Competition,
Investment and Environment Issues to Multilateral and
Regional Institutions
Appendix;
References;
Contributors