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The author argues that American productivity and living standards, along with those of other countries, will improve only with a renewed commitment to open multilateral trade.
An analysis of the challenges and opportunities facing the World Trade Organization. Papers address the WTO's institutional capacity, the resources available to the secretariat, policy issues facing the WTO, and the WTO's relationship with transition and developing countries.
The author considers the implications of deeper integration in the international economy for developing countries. She traces the reasons for the developing countries' reversals of earlier policies and demonstrates the importance of the open trading system for them.
This volume provides a survey of thought about exchange-rate determination as it emerged in the 1970s. The survey is intended to reach non-specialist professional economists whose balance-of-payments theory was learned before the 1970s, as well as to provide graduate students and advanced undergraduates with an up-to-date account of the field.
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