Exchange Rate Parity for Trade and Development (Paperback)

Lingua: inglese

Editore: Cambridge University Press, Cambridge, 2005

0521022622 / 9780521022620

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Paperback. This book extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs. Rationing of foreign exchange prevents a 'soft currency distortion' that commonly afflicts developing countries and can turn comparative advantage trade into competitive devaluation trade, with severe losses of income and welfare. Yotopoulos finds that the level of underdevelopment narrowly circumscribes and conditions the extent to which free-market, free-trade, laissez-faire can be beneficial, contrary to the mainstream policy paradigm as currently applied. The analysis and tests draw on empirical research from seventy countries and four extended country studies to confirm the usefulness and validity of the theoretical framework. Yotopoulos extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The analysis and tests draw on empirical research from seventy countries to confirm the usefulness and validity of the theoretical framework. This item is printed on demand. Shipping may be from our UK warehouse or from our Australian or US warehouses, depending on stock availability.

Codice articolo 9780521022620

Titolo
Exchange Rate Parity for Trade and Development (Paperback)
Autore
Pan A. Yotopoulos
Editore
Cambridge University Press, Cambridge
Anno di pubblicazione
2005
Condizione
new
Rilegatura
Paperback
Lingua
inglese
ISBN 10
0521022622
ISBN 13
9780521022620

CitiRetail

Stevenage, Regno Unito

Venditore con 5 stelle

Venditore AbeBooks dal 29 giugno 2022

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ArticoloDa 7 a 14 giorni lavorativiDa 7 a 60 giorni lavorativi
Primo articoloEUR 43,14EUR 43,14
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