{"product_id":"9781858984582-restoring-demand-in-the-world-economy","title":"Restoring Demand in the World Economy","description":"\u003cmeta content=\"text\/html; charset=utf-8\" http-equiv=\"Content-Type\"\u003e\u003cp\u003e\u003cspan\u003eTrade, Finance and Technology\u003cbr\u003eThis work argues that the dominance of supply-side considerations in the macroeconomic policy debate has led towards depression at a world level, particularly in transitional and developing economies. The book suggests that it is necessary to rehabilitate the role of effective demand.\u003cbr\u003eDuring the past two decades, the macroeconomic policy debate has been dominated, both in developed and developing countries, by supply-side considerations. Distinguished contributors to this important new book conclusively argue that this has led towards depression at a world level, and particularly in transitional and developing economies.\u003cp\u003e\u003ci\u003eRestoring Demand in the World Economy\u003c\/i\u003e examines the necessity to rehabilitate the role of effective demand, in both the analysis of past economic events and in shaping current economic policy.  At the theoretical level, the contributors argue conclusively that the level of effective demand and the aggregate distribution of income play a dominant role in the macroeconomic framework of all economic systems. This economic theory is then applied to specific situations including:\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul\u003e\n\u003cli\u003eausterity and monetary union in Europe\u003c\/li\u003e\n\u003cli\u003ethe demand implosion in Eastern Europe and the former USSR\u003c\/li\u003e\n\u003cli\u003ethe problem of financial fragility in developing countries\u003c\/li\u003e\n\u003cli\u003ethe demand links between East Asia, Japan and the United States\u003c\/li\u003e\n\u003cli\u003einflation paranoia, deflationary gaps and imbalances in the major industrial countries\u003c\/li\u003e\n\u003cli\u003ethe failure of post-war schemes for the stabilization of global demand.\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003cp\u003eThis important contribution presents a strong case for rehabilitating the role of demand in economic policy and decision making. This book will be of use to economic theorists, policymakers and academics with an interest in international economics.\u003c\/p\u003e\n\u003cbr\u003e\u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e","brand":"Rarewaves","offers":[{"title":"Default Title","offer_id":53567380980086,"sku":"9781858984582","price":136.77,"currency_code":"GBP","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0092\/7504\/8033\/files\/stand_13056241_19676488_20241209082344.jpg?v=1733816205","url":"https:\/\/www.rarewaves.com\/products\/9781858984582-restoring-demand-in-the-world-economy","provider":"Rarewaves.com","version":"1.0","type":"link"}