Who Adjusts?: Domestic Sources of Foreign Economic Policy during the Interwar Years (Princeton Studies in International History and Politics) - Image 1

£39.38

Princeton University Press Who Adjusts?: Domestic Sources of Foreign Economic Policy during the Interwar Years (Princeton Studies in International History and Politics)

Name: Who Adjusts?: Domestic Sources of Foreign Economic Policy during the Interwar Years (Princeton Studies in International History and Politics)
Brand: Princeton University Press
Price: 39.38 GBP
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Business & Economic History

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Description

This study presents a fresh view of why governments decided to abide by or defect from the gold standard during the 1920s and 1930s. Previous studies of the spread of the Great Depression have emphasized "tit-for-tat" currency and tariff manipulation and a subsequent cycle of destructive competition. This work, on the other hand, analyzes the influence of domestic politics on national responses to the international economy. In so doing, it confirms that different political regimes chose different economic adjustment strategies. Using cross-sectional time series data and four cases studies, it offers a profile of the domestic politics and institutions associated with capital flight, current account deficit, currency devaluation, and tariff protection - all of which were inconsistent with the demands of remaining on the gold standard. The work demonstrates that capital flight and current account deficits stemmed largely from governmental failure to develop credible anti-inflationary policies. In turn, decisions to externalize the subsequent deficits, whether through high tariffs or devaluation, were also driven by domestic political conditions.

Product Specifications

Brand: Princeton University Press
Format: hardcover
ASIN: 0691086419
Category: Books > Subjects > Business, Finance & Law > Biographies & Histories > Business & Economic History
Domain: Amazon UK
Release Date: 16 January 1994
Listed Since: 16 December 2006

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Princeton University Press Who Adjusts?: Domestic Sources of Foreign Economic Policy during the Interwar Years (Princeton Studies in International History and Politics)

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