Bob Milward - Böcker

This text provides comprehensive coverage of the core elements of economic policy, from both microeconomic and macroeconomic approaches. The authors have placed policy in its historical and political context so that readers can appreciate the theoretical roots. In particular, the effects of globalisation and membership of the European Union upon policy are considered. This book will be particularly appropriate for introductory courses on economic policy and economics courses with a particular policy emphasis.

Written by a team of experienced writers with contributions from specialist economists, Applied Economics combines up-to-date information with theory to provide an excellent introduction to real-world economics. The book includes chapters on the most important aspects of micro and macro economics, each containing the appropriate theory, but with the main emphasis on application. There are numerous examples, with a focus on Europe in every chapter.This is an essential text for students on undergraduate courses in economics, business and social science.

The contemporary orthodox view of world trade has centred, generally unchallenged, on the ideas of free trade, based on the theoretical construct of comparative advantage. This book will engage in a critique of the orthodox position based on the underlying theoretical economic construct, the historical development of the now developed economies and the morally unsustainable position of the free-trade regime. The author examines alternatives such as Most Favoured Nation and Preferential Trading Agreements before making the argument in favour of Asymmetric Trading, where the underdeveloped economies can develop behind tariff barriers and quotas, whilst the triadic nations maintain a lack of barriers to the exports of these economies. He outlines how such a trading regime would be mutually beneficial in the long term, in the sense that development through industrialisation takes place and the increase in GDP per capita would allow markets for exports to be sustainable, thus widening the market for the goods and services of the developed economies. However, the author demonstrates that free trade actually increases the development gap by maintaining the status quo in terms of the underdeveloped economies specialising in and exporting low value-added primary products and importing high value-added manufactures.The book analyses contemporary and historical data to illustrate how an alternative trading regime can be truly advantageous to both the developed and underdeveloped regions of the world: a global trading regime that is capable of increasing GDP in a sustainable manner without transferring a surplus from the poor to the rich nations and without a long-term commitment on the part of the developed nations to altruism.

Structural Adjustment: Theory, Practice and Impacts examines the problems associated with Structural Adjustment Programmes (SAPs) and reveals the damaging impacts they can have. The book looks at how the debt crisis of the 1970's forced developing countries to seek external help and then reviews what constitutes as a standard adjustment programme, detailing the political, economic, social and environmental impacts of SAPs. The final section draws together theories and political responses and presents a case for alternatives to the programmes.

Structural Adjustment Programmes (SAPs) are an important feature of contemporary development, yet they are often evaluated in the terms set out by lenders themselves, ignoring the wider implications of SAPs.Structural Adjustment attempts to situate SAPs in a wider development context featuring case material from the UK, USA, Ghana, Mexico, India, Jamaica, Turkey, Eastern Europe, Mali, Zimbabwe and Sierra Leone, the book addresses SAPs in the lenders' terms, before addressing macro-economic issues, the impacts on social groups, and the impact upon welfare policies such as education and health. Beyond economic analysis, the role of the state in the process, the impact of these programmes on services and the environment are also analysed.

The contemporary orthodox view of world trade has centred, generally unchallenged, on the ideas of free trade, based on the theoretical construct of comparative advantage. This book will engage in a critique of the orthodox position based on the underlying theoretical economic construct, the historical development of the now developed economies and the morally unsustainable position of the free-trade regime. The author examines alternatives such as Most Favoured Nation and Preferential Trading Agreements before making the argument in favour of Asymmetric Trading, where the underdeveloped economies can develop behind tariff barriers and quotas, whilst the triadic nations maintain a lack of barriers to the exports of these economies. He outlines how such a trading regime would be mutually beneficial in the long term, in the sense that development through industrialisation takes place and the increase in GDP per capita would allow markets for exports to be sustainable, thus widening the market for the goods and services of the developed economies. However, the author demonstrates that free trade actually increases the development gap by maintaining the status quo in terms of the underdeveloped economies specialising in and exporting low value-added primary products and importing high value-added manufactures.The book analyses contemporary and historical data to illustrate how an alternative trading regime can be truly advantageous to both the developed and underdeveloped regions of the world: a global trading regime that is capable of increasing GDP in a sustainable manner without transferring a surplus from the poor to the rich nations and without a long-term commitment on the part of the developed nations to altruism.