Contemporary Economic Issues

A guide to the experiences of economic reform since the second World War, and system reform and economic integration across the world in the past decade. The first part of the book examines why only a small number of developing countries have succeeded in their modernization attempts this century. What lessons can be learnt from the successes of the East Asian NIEs and failures of other economies to emulate them? The very different experiences of the transition to market economies in the former socialist countries of Eastern Europe and China is the focus of the next section, with comparisons drawn with the Latin American reform experience, especially in Chile. The effects of economic integration schemes are examined in the final sector, with case-studies of Tunisia and Morocco's Free Trade Agreements with the EU, and of economic integration and the Arab-Israeli peace process.

Autorentext

KENNETH J. ARROW Professor, Stanford University, USA DAVID B. AUDRETSCH Professor, Wissenschaftszentrum Berlin fur Sozialforschung, Germany and CEPR VLADIMIR I. DANILOV Professor, Russian Academy of Sciences, Central Institute of Economics and Mathematics, Moscow, Russia DR FRANCISCO FERRANTE Università di Cassino, Italy DR GIANLUCA FIORENTINI Università di Cassino, Italy LEONID HURWICZ Professor, University of Minnesota, USA SEMIH KORAY Professor, Blikent University, Ankara, Turkey and Center for Economic Design, Bogazici University, Istanbul, Turkey GLEB A. KOSHEVOY Professor, Russian Academy of Science, Central Institute of Economics and Mathematics, Moscow, Russia HEINZ KURZ Professor, University of Graz, Austria DAVID M. NEWBERY Professor, Cambridge University, UK J. BARKLEY ROSSER JR. Professor, James Madison University, Harrisonburg, USA DR ISMAIL SAGLAM Bilkent University, Ankara, Turkey NERI SALVADORI Professor, University of Pisa, Italy ALEXANDR I SOTSKOV Professor, Russian Academy of Science, Central Institute of Economics and Mathematics, Moscow, Russia TIMOTHY VAN ZANDT Professor, Princeton University , USA

Inhalt

The International Economic Association Preface by Michael Bruno List of Contributors List of Abbreviations and Acronyms Introduction; M.R.Sertel PART I: REGULATION OR CORRUPTION Liberalization and Regulation of Network Utilities; D.M.Newbery Corruption and Learning in Regulating a Monopolist with Unknown Costs; S.Koray and I.Saglam Cartels Run by Criminal Organizations and Market Contestability; G.Fiorentini PART II: DESIGNING CHANGE Designing Electoral Systems; L.Hurwicz and M.R.Sertel The Economics of Environment with Emphasis on Intertemporal Collective Decision Making; K.J.Arrow Induced Technical Change, Scientific Advance and the Efficient Control of Pollution; F.Ferrante PART III: INFORMATION AND INNOVATION Decentralized Information Processing in the Theory of Organizations; T.Van Zandt A Model of Economic Equilibrium in the Market for Information Goods; V.Danilov, G.Koshevoy and A.Sotskov The Microeconomics of Invention and Innovation; D.B.Audretsch PART IV: THEORY REVIEWED The Prehistory of Chaotic Economic Dynamics; J.Barkley Rosser Jr Theories of 'Endogenous' Growth in Historical Perspective; H.D.Kurz and N.Salvadori