Anglo-American economic relation A rejoinder

1947 ◽  
Vol 6 (03) ◽  
pp. 135-139
Author(s):  
A. P. Zentler
Keyword(s):  
Economic Policy ◽  
International Trade ◽  
Special Interest ◽  
Full Employment ◽  
Balance Of Payments ◽  
Economic Relation ◽  
Complex Field ◽  
Limited Space ◽  
Anglo American

Mr A. F. Murray's paper published in the July issue of thisJournalcovers such a wide and complex field that it is obviously impossible to discuss it adequately in three to four pages. Within this limited space I have selected for comment a few points which not only constitute the main props in Mr Murray's arguments, but are also, largely for accidental reasons, of rather special interest. Their interest derives from the fact that in the last article written by the regretted Lord Keynes, these points are discussed in great detail and—most important—entirely different conclusions are reached.If I understand him rightly Mr Murray's argument is roughly this. Multilateral international trade can function properly only if the following two conditions are satisfied:(i) each of the participating nations must pursue a policy of full employment at home;(ii) each nation must pursue abroad an economic policy such that its balance of payments over a long term is of manageable dimensions.

Long-Term Growth and Short-Term Policy

1964 ◽  
Vol 29 ◽  
pp. 26-38 ◽  
Author(s):  
W. A. H. Godley ◽  
J. R. Shepherd
Keyword(s):  
Economic Policy ◽  
Balance Of Payments ◽  
The Other ◽  
High Wage ◽  
Short Term ◽  
High Unemployment ◽  
The Government ◽  
Wage Increases

One of the main aims of short-term economic policy in Britain has been to regulate the pressure of demand for labour, and to keep the fluctuations of the unemployment percentage within fairly narrow limits. High unemployment is obviously undesirable; at the other end of the scale, if the pressure of demand for labour is too strong, this tends to lead to excessively high wage increases and to balance of payments difficulties. It is for the Government to decide at what pressure it wishes to run the economy, and to try to keep it there.

The New Cambridge Economic Policy: A Critique of its Prescriptions

1982 ◽  
Vol 17 (1) ◽  
pp. 48-60 ◽  
Author(s):  
Patrick Minford
Keyword(s):  
Economic Policy ◽  
International Trade ◽  
The Usa ◽  
Recent Occurrence ◽  
The Uk

THE NEW CAMBRIDGE OR CAMBRIDGE ECONOMIC POLICY GROUP, (CEPG) School led by Professor Wynne Godley has received considerable attention in this country. Its policy prescriptions however are international as well as national. It is well known that it calls at regular intervals for comprehensive long-term import controls and reflation in the UK. It is less well known, and indeed a more recent occurrence, that it calls for ‘co-ordinated’ international trade - i.e. import controls for each country administered centrally by some body such as the OECD - and reflation. As protectionist pressures continue to grow throughout Europe and in the USA, the appeal of New Cambridge analysis may grow with it. We should therefore be aware of the nature of the arguments which it deploys in the attempt to make protection respectable.

Problems of the US Economic Policy

2013 ◽  
pp. 129-143
Author(s):  
V. Klinov
Keyword(s):  
Economic Policy ◽  
Real Estate ◽  
Full Employment ◽  
Tax Rates ◽  
Equitable Distribution ◽  
Investment Rate ◽  
The Us ◽  
Budget Systems ◽  
Enterprise Activity ◽  
The U.S

How to provide for full employment and equitable distribution of incomes and wealth are the keenest issues of the U.S. society. The Democratic and the Republican Parties have elaborated opposing views on economic policy, though both parties are certain that the problems may be resolved through the reform of the federal tax and budget systems. Globalization demands to increase incentives for labor and enterprise activity and for savings to secure proper investment rate. Tax rates for labor and enterprise incomes are to be low, but tax rates for consumption, real estate and land should be progressive.

The Reproduction Vector of the Russian Economy: 1999-2007

2008 ◽  
pp. 94-109 ◽  
Author(s):  
D. Sorokin
Keyword(s):  
Economic Policy ◽  
Human Capital ◽  
Growth Rates ◽  
Developed Countries ◽  
Gdp Per Capita ◽  
Real Sector ◽  
Russian Economy ◽  
Per Capita ◽  
The Developed Countries

The problem of the Russian economy’s growth rates is considered in the article in the context of Russia’s backwardness regarding GDP per capita in comparison with the developed countries. The author stresses the urgency of modernization of the real sector of the economy and the recovery of the country’s human capital. For reaching these goals short- or mid-term programs are not sufficient. Economic policy needs a long-term (15-20 years) strategy, otherwise Russia will be condemned to economic inertia and multiplying structural disproportions.

Upheaval in the distribution of power in the world economy: Problems and outlook of the world economy to 2050

2017 ◽  
pp. 114-127 ◽  
Author(s):  
V. Klinov
Keyword(s):  
Economic Policy ◽  
International Trade ◽  
World Economy ◽  
Emerging Market ◽  
Detailed Review ◽  
Depressed State ◽  
Industry Output ◽  
The World ◽  
Distribution Of Power ◽  
The Eu

Causes of upheaval in the distribution of power among large advanced and emerging market economies in the XXI century, especially in industry output and international trade, are a topic of the paper. Problems of employment, financialization and income distribution inequality as consequences of globalization are identified as the most important. Causes of the depressed state of the EU and the eurozone are presented in a detailed review. In this content, PwC forecast of changes in the world economy by 2050, to the author’s view, optimistically provides for wise and diligent economic policy.

The Quality of Kazakhstan’s Economic Policy and Balance of Payments

2008 ◽  
pp. 120-132
Author(s):  
K. Arystanbekov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Balance Of Payments ◽  
Foreign Investors ◽  
Negative Balance ◽  
Macroeconomic Efficiency

Kazakhstan’s economic policy in 1996-2007, its character and the degree of responsibility, the correlation between economic development and balance of current accounts are considered in the article. Special attention is paid to the analysis of their macroeconomic efficiency. It is concluded that in conditions of high rates of economic growth in Kazahkstan in 2000-2007 the net profits of foreign investors are 10-11% of GDP every year. The tendency of negative balance of current accounts in favor of foreign investors is also analyzed.

From Freezing to Investing: New Approaches to Monetary and Currency Policies

2008 ◽  
pp. 47-55
Author(s):  
A. Nekipelov ◽  
Yu. Goland
Keyword(s):  
Economic Policy ◽  
Property Rights ◽  
Main Idea ◽  
State Intervention ◽  
Economic Thought ◽  
Human Potential ◽  
Knowledge Based ◽  
Russian Economy ◽  
Knowledge Based Economy

The appeals to minimize state intervention in the Russian economy are counterproductive. However the excessive involvement of the state is fraught with the threat of building nomenclature capitalism. That is the main idea of the series of articles by prominent representatives of Russian economic thought who formulate their position on key elements of the long-term strategy of Russia’s development. The articles deal with such important issues as Russia’s economic policy, transition to knowledge-based economy, basic directions of monetary and structural policies, strengthening of property rights, development of human potential, foreign economic priorities of our state.

Intercultural Experience, the Anglo-American Occupation and UNESCO in Germany 1945–1949

2016 ◽  
Vol 13 (2) ◽  
pp. 193-213 ◽  
Author(s):  
Elaine Morley
Keyword(s):  
World War Ii ◽  
United Nations ◽  
Cultural Diplomacy ◽  
Scientific Organization ◽  
World War ◽  
United Nations Educational ◽  
Intercultural Experience ◽  
Anglo American ◽  
Negative Sense

Independent of each other, though contemporaneous, the Anglo-American occupiers of Germany and the newly founded United Nations Educational, Cultural and Scientific Organization employed culture to foster greater intercultural and international understanding in 1945. Both enterprises separately saw culture as offering a means of securing the peace in the long term. This article compares the stated intentions and activities of the Anglo-American occupiers and UNESCO vis-à-vis transforming morals and public opinion in Germany for the better after World War II. It reconceptualizes the mobilization of culture to transform Germany through engaging theories of cultural diplomacy and propaganda. It argues that rather than merely engaging in propaganda in the negative sense, elements of these efforts can also be viewed as propaganda in the earlier, morally neutral sense of the term, despite the fact that clear geopolitical aims lay at the heart of the cultural activities of both the occupiers and UNESCO.

Spatial polarization of peripheral territories of Stavropol Krai on the level of social and economic development

2018 ◽  
Vol 35 (4) ◽  
pp. 32-37
Author(s):  
M. U. Kazakov
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Economic System ◽  
Special Interest ◽  
Composite Indicator ◽  
Natural Process ◽  
Diagnostic Approach ◽  
Social And Economic Development ◽  
System Differentiation ◽  
Stavropol Krai

The research of a condition of peripheral territories is of special interest within formation of a spatial paradigm of development of regional social and economic system. Differentiation of level of social and economic development of peripheral territories is natural process and is subject to complex studying for formation of adequate instruments of management within spatial social and economic policy. In article special attention is paid to formation of system and diagnostic approach for identification of level of social and economic development of territories on the basis of the composite indicator and also to justification and calculation of indicators of unevenness of development of peripheral territories.

TRANSFORMATION OF INSTITUTIONS OF SOCIO-ECONOMIC POLICY IN THE CONTEXT OF A LONG-TERM VIRAL PANDEMIC

2020 ◽  
Vol 1 (3) ◽  
pp. 116-120
Author(s):  
Ищенко-Падукова Оксана Александровна ◽  
Мовчан Ирина Викторовна
Keyword(s):  
Economic Policy
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