Optimal Economic Interdependence
Practically all technical questions of international economic arrangements for trade, money, capital flows and payments adjustment reduce to one general issue: should these arrangements be revised to facilitate linking the developed countries into a single integrated system? If so, what should be the nature of the system? If not, what are the optimal arrangements for giving or preserving the necessary national independence of economic policy with mixed negative repercussions of one country’s policies on other countries ?
KeywordsExchange Rate Monetary Policy Direct Investment Fiscal Policy Capital Movement
Unable to display preview. Download preview PDF.