This collection of essays is concerned with three major and debated topics in international economics, namely interdependence between countries, real and financial integration, and the conflicting relations between industrialized (North) and developing countries (South). The first section deals with the international policy coordination problem and the economic growth of open economies. In the second section new foundations for commercial policy and the problems of economic integration, real and monetary, are discussed. The final section includes an analysis of North-South relations and of price instability of primary commodities.

Inhalt
Preface; M.Di Matteo - PART 1: INTERDEPENDENCE BETWEEN COUNTRIES - Fiscal and Monetary Interdependency in the Fitoussi-Phelps Two-Country World; H.Frisch - Debts, Deficits and Growth in Interdependent Economies; G.Alogoskoufis & F.van der Ploeg - A Two-Country Analysis of International Targeting of Nominal GNP; J.A.Frankel & N.Funke - PART 2: REAL AND FINANCIAL INTEGRATION - The Dynamics of Capital Liberalization: a Macro-econometric Analysis; G.Gandolfo & P.C.Padoan - A Common Monetary Standard or a Common Currency; R.I.McKinnon - Traditional Comparative Advantages Vs Economies of Scale; NAFTA and GATT; G.Chichilnisky - PART 3: THE COMPLEX CONNECTIONS BETWEEN NORTH AND SOUTH - Trade in Primary Products: Price Instability: Causes and Remedies; D.M.Newbery - A Dynamic Analysis of a North-South Trade Model; M.Di Matteo