This comprehensive textbook, first published in 1985, on the world economic, written specifically for non-specialists, compares neo-classical, neo-Ricardian and Marxist theories and policies in international economics.
Theories of trade and money, and issues such as international debt crisis, the rise of the newly industrializing countries and the demands for a New International Economic Order, and explained clearly and concisely. A wide range of political economics across the political spectrum are discussed. This accessible book will be of interest to anyone who wants to make sense of the complexities of international economy and the competing theories on trade, money and crisis.
Table of Contents
List of tables; List of figures; Preface and acknowledgements; 1. The world division of labour and economic theories 2. The free-marketeers and the rise and fall of the Heckscher-Ohlin theory 3. The rise of the cost-of-production theory 4. Neo-Ricardianism and unequal exchange 5. Marxist theories – underdevelopment or uneven development? 6. Trade, money and crisis 7. Capitalism, international money and transnational corporations 8. The Third World, nationalism and a NIEO 9. The state, imperialism and socialism 10. Summary and conclusions; References; Index