Central Issues in Contemporary Economic Theory and Policy- Global Disequilibrium in the World Economy

Brings together leading economists to analyze present economic issues and further debate on the need for sound economic policies to avoid a crash on a global scale. Subjects covered include: the US twin deficit, Western European economic integration and Eastern Europe's economic transition. The US twin deficit, Western European economic integration, Eastern Europe's transition towards a market economy, the debt burden of the Less Developed Countries, the growing and deepening discrimination against the rest of the world by new homogeneous areas such as the North America free trade area, the new Europe, and Japan are the issues at the heart of global disequilibrium in the world economy. This book brings together leading economists to analyse these issues and further the debate on the need for sound economic policies to avoid a crash on a global scale.