The Politics of Exchange Rates: Implications and Extensions

Author(s):  
Jeffry A. Frieden

The previous chapters provide an empirical evaluation of the theoretical propositions put forth in Chapter 1 about the expected policy preferences of economic groups in society. These investigations, however, also suggest a series of related observations—some of which harken back to points made in Chapter 1—that are worth making explicit. These include the relationship between currency politics and the level of economic integration, trade policy, international cooperation, and economic development. This chapter discusses some of the broad patterns of interest as a partial antidote to the narrower empirical implementations that have preceded it. It considers some general trends in the politics of exchange rates over the past 150 years and across a wide range of countries. It cannot but do this discursively and somewhat superficially. Nonetheless, the breadth of the comparisons may compensate for their lack of depth.

1998 ◽  
Vol 15 (2) ◽  
pp. 129-137
Author(s):  
Sylvia J. Hunt

Although Muslim Communities in the New Europe is long and complex, it isnot obscure, and each of its sixteen chapters can be read as a separate entity. The contributors are seventeen academics from universities in various countries ofEastern and Western Europe, as well as the three editors who are based at threeEnglish universities. A short preface is followed by the first chapter, which isalso the first part of the book, appropriately titled “Themes and Puzzles.” Theremaining chapters examine selected countries individually in Eastern andWestem Europe in parts I1 and 111, respectively. Each chapter has helpful andclear endnotes, and a useful index is also included. Tables analyzing the Muslimpopulations in East European countries are given in chapter 2 and those ofBelgium and The Netherlands in chapter 10.In the Preface, the book is described as the “final outcome of a three-year project”to “produce a coherent comparative overview of. . . the role and positionof these Muslim communities.” The material was gathered from two internationalconferences on the subject and from researchers throughout Europe.Professor Gerd NoMeman modestly states: “This volume cannot claim to becomprehensive, but. . . it is hoped that it may contribute to a better understandingof the trends and dynamics involved, and provide the basis for further work.”Chapter 1 outlines the events leadiig up to the present general situation in thenew Europe. The continent is divided into (1) Eastern Europe, where, after thecollapse of Communism at the end of the 1980s. strong nationalist and religiousfeelings erupted; and (2) Western Europe, which, during a long economic recession,absorbed a sudden large influx of migrants from African and Asian countriessuffering serious political and economic upheaval.In parts I1 and 111 the contributors seek to answer a wide range of importantquestions concerning the relationship between Muslims and non-Muslims inEurope generally and between Muslims and non-Muslim governments in particular.How significant is the influence of history, the current economy, the originsof the Muslims and the level of their adherence to Islam, local and centralgovernment policies, local customs, international relations, public opinion, andso on? How does the reaction of the younger generation of Muslims to their situationcompare with that of their parents? Throughout the studies of the selectedcountries, the fear of the perceived loss of security and identity seems to beat the root of action and reaction by both Muslims and non-Muslims. How farcan the minority and majority societies adapt to each other without either sidelosing its identity and security? Possible solutions to the problems of integratingMuslims into non-Muslim societies are suggested by some of the contributors.Chapter 2 examines the links between religion and ethnicity in EasternEurope, where Islam has been “an indigenous presence for centuries.” AlthoughIslam is independent of race, color, and language, “around the fringes of theIslamic world” it is the basis of the identity of certain groups within nationalities,such as the Bosnian Muslims and Bulgarian Pomaks.The contributors then tackle one of the puzzles, that of how to define ethnicity.They descrike the current theories, which put varying emphasis on theobjective elements of kinship, physical appearance, culture, and language, andthe subjective elements, namely, the “feeling of community” and the “representationswhich the group has of itself” (p. 28) ...


2012 ◽  
Vol 524-527 ◽  
pp. 3294-3297
Author(s):  
Cong Li Xiao ◽  
Na Li ◽  
Xin Li

Harmonious development of environmental protection and economy is a realistic choice made in specific national situation for economic development and environmental protection. It has some kind of complexity. However, large and medium-sized cities develop very fast and the problem of environmental pollution becomes more and more obvious. Thus, how to effectively coordinate the paradox between economic development and environmental protection in large and medium-sized cities and achieve the good cyclic double-win between economic development and ecological environment are the main contents of this paper.


2017 ◽  
Vol 19 (1) ◽  
pp. 1-40 ◽  
Author(s):  
Michael Plouffe

AbstractRecent research in international political economy has begun to explore the implications of producer heterogeneity for trade politics. Variations in productivity and size lead to systematic variations in market behaviors, especially with respect to firms’ abilities to engage foreign markets. This heterogeneity similarly leads to systematic variations in policy stances: Highly productive firms are more likely to favor trade liberalization than their less productive counterparts. I test the role of firm heterogeneity on trade-policy stances using original and representative survey data of Japanese manufacturers. I find that highly productive firms are more likely to favor liberalization than others, while a large portion of producers is indifferent to trade-policy reform. Other producers do not know how they would be impacted by liberalization; these tend to be smaller than their counterparts. The relationship between productivity and pro-trade attitudes is robust, even when controlling for a wide range of internationalization modes.


2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ziqi Yin ◽  
Xue Jin

PurposeWith the rapid development of the economy, carbon emissions have also risen sharply. This study explores the relationship between the two by combining the literature of relevant fields and maps the analytical framework from the knowledge base to the research frontier model using CiteSpace.Design/methodology/approachUsing CiteSpace and data statistical tools, we conducted a bibliometric and visual analysis of nearly ten thousand research papers on carbon emissions and economic development published in the Web of Science (WOS) and China National Knowledge Infrastructure (CNKI) databases from 1991 to 2021.FindingsIt shows that research on economic development and carbon emissions is developing steadily and involves a wide range of fields. Notably, keywords such as “carbon emissions,” “economic growth,” and “energy consumption” had high frequency, centrality, and persistence. “carbon emissions,” “economic growth,” and “energy consumption” had high frequency, centrality, and persistence. Research institutions in the USA and China have made great contributions to research on economic development and carbon emissions. The authors should continue to enrich and improve research on related subjects and concerns to reasonably plan the path of carbon emission reduction and economic development.Originality/valueThe study analyzes the evolution of the relationship between carbon emissions and economic growth to provide scholars a more comprehensive and in-depth understanding of the relationship from an international perspective.


1988 ◽  
Vol 2 (2) ◽  
pp. 3-13 ◽  
Author(s):  
Martin S Feldstein

I am not opposed to international cooperation in all economic matters, but in this lecture, I stress the counterproductive consequences of the international coordination of macroeconomic policy. I believe that many of the claimed advantages of cooperation and coordination are wrong, that there are substantial risks and disadvantages to the types of coordination that are envisioned, and that an emphasis on international coordination can distract attention from the necessary changes in domestic policy. Moreover, the attempt to pursue coordination in a wide range of macroeconomic policies is likely to result in disagreements and disappointments that reduce the prospects for cooperation in those more limited areas of trade, defense, and foreign assistance where international cooperation is actually necessary. In stressing the limited scope for the international coordination of macroeconomic policy and exchange rates, I do not wish to imply that such action is never appropriate. There are some small and very interdependent countries where such coordination should undoubtedly be the general rule. There are also some conditions when the potential gains from coordination are such that all countries could expect to benefit from participation. But the active coordination of the macroeconomic policies and of exchange rates among the United States, Japan, and Germany will generally be inappropriate. Moreover, as I shall explain in these remarks, the United States is particularly unsuited to participate in an ongoing process of economic coordination.


1991 ◽  
Vol 30 (1) ◽  
pp. 89-94
Author(s):  
A. R. Kemal

While both economic development and political change in Pakistan have been analysed in a number of studies, the inter-dependence of the two has rarely been analysed. The author's promise in the preface to present 'an integrated analysis of Pakistan's development' in the book under review, therefore, excites great interest However, the reader is badly disappointed because the book fails to analyse this inter-dependence. Only scattered references to it have been made here and there. Even worse, the book fails to link the policy changes made in one period with those in the other periods. The book consists of ten chapters and has been divided into three parts. These parts discuss economic and political developments in three different periods, viz., 1947- 71, 1971-77, and 1977-85. Politics, religion and economic development in each period is discussed in separate chapters. Chapter 1 (part I) is entitled 'Disenchantment with Freedom'. The basic thesis of the author is that the Muslim League was never interested in the Islamic principles and referred to Islam only with a view to arousing hatred against the non-muslim communities and winning over the people by promising a better future by creating an egalitarian structure of society. The author further asserts that because the Muslim League leaders had no clear Islamic perception, Islam cannot be the basis of Pakistan 's creation; and that the Objectives Resolution was vague on Islam. However, no evidence is presented to substantiate these claims. That the Muslim League leaders had a secular outlook is not inconsistent with creating Pakistan in the name ofIslam; the people voted for the Muslim League and Pakistan to create an Islamic State which will provide social justice. The claim that the egalitarian bias in the manifesto of the Muslim League was only a ploy to get votes is belied by the fact that the Muslim League government in the early 1950s did propose major land reforms, an aspect which the author has conveniently chosen to overlook. Similarly, the claim that the Objectives Resolution is vague on Islam is at variance with the contents of the Resolution.


2005 ◽  
Vol 9 (2) ◽  
pp. 131-152 ◽  
Author(s):  
Grahame F. Thompson

This article investigates the relationship between corporate social responsibility and a phrase that is fast becoming a preferred description of much the same thing but now set in an international context, namely global corporate citizenship. It is argued that the distinction between these two has not been clearly enough made in the literature. In clarifying the difference, the political nature of the idea of citizenship is focused upon and the politics of introducing triple-line considerations into the activity of transnational corporations is explored. An engagement with a wide range of civil society actors by corporations to further the ‘ethical’ agenda, a reconsideration of ‘corporate democracy’ in an international context, and the idea of a ‘progressive capitalist’ group of companies that might spear-head genuine corporate citizenship are concentrated upon in this assessment. Finally, the politics of an alliance for global corporate citizenship is broached that would take companies well beyond the limited agenda of just noting and attending to their social and environmental responsibilities.


Author(s):  
N. Savitha ◽  
John Sundar David

“Education” as a key determinant of economic development and growth is believed to be the central focus of many emerging economies since they have managed to restructure their entire economic policies towards enhancing education (especially higher education) to attain economic development and growth at global standard in the recent past.  Keeping all the facts in mind, an attempt has been made in this paper to study the relationship between education and economic development in general and India in particular.  India has the 3rd largest higher education system in the world in terms of education after Chine and the US.  For the purpose of the study, an extensive survey of earlier studies on this ground has been surveyed.  On the basis of the assertion made by the earlier studies and evidence, the present study envisages the importance of investment in higher education and human capital to attain sustainable economic development.


2013 ◽  
Vol 683 ◽  
pp. 758-761
Author(s):  
Gen Wang ◽  
Wei Yu Chen

Since the transaction cost theory has been put forward by Coase, there is a wide range of applications in the externalities, the nature of the enterprise, the enterprise property rights, institutional change and economic development and reform, etc, however, the study of the applications in a single microscopic enterprise is relatively rare. This paper is based on a large amount reference, and puts forward that measure the efficiency of corporate governance from the Angle of transaction efficiency, provide a possible way for perfecting the governance structure of listed companies, which contains certain political meaning.


Sign in / Sign up

Export Citation Format

Share Document