International Competitiveness and the Balance of Payments: Do Current Account Deficits and Surpluses Matter? - Image 1

£71.57

Edward Elgar Publishing International Competitiveness and the Balance of Payments: Do Current Account Deficits and Surpluses Matter?

Name: International Competitiveness and the Balance of Payments: Do Current Account Deficits and Surpluses Matter?
Brand: Edward Elgar Publishing
Price: 71.57 GBP
Availability: InStock

Trade

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Description

How can the notion of competitiveness be reasonably applied to an economy? What relation does high or low competitiveness have to the current account? Do huge and persistent imbalances really reflect competitive positions of local firms or are they merely due to a misalignment of exchange rates or even outright protectionism, as the US–Japan trade conflict suggests? All these questions are rigorously addressed in International Competitiveness and the Balance of Payments. In examining the determinants of current account balances the conventional competitiveness approach – in which deficits are assumed to indicate low competitiveness – is contrasted with an intertemporal view of the balance of payments. By emphasizing locational quality as the decisive factor in international competitiveness, the authors are able to offer fundamentally different conclusions about the determinants of current account debates. As well as theoretical evidence advocating the intertemporal view, the authors present four case studies in support of this approach: Germany before and after unification, Spain before joining the EMS, the United States since the early 1980s, and Japan’s persistent current account surpluses. Review ‘To sum up: Dluhosch, Freytag and Krüger provide an interesting view of the determinants of the current account.’ -- Axel Schimmelpfennig, Review of World Economics ‘. . . this work is a valuable addition to the economic literature. It makes a significant contribution to an important area of intellectual and policy concern in the contemporary world.’ -- Buthaina Muhtaseb, University of Jordan About the Author Barbara Dluhosch, Institute for Economic Policy, University of the Federal Armed Forces, Germany, Andreas Freytag, Chair of Economic Policy, Friedrich-Schiller-Universität Jena, Germany and Malte Krüger, University of Aschaffenburg, Germany

Product Specifications

Brand: Edward Elgar Publishing
Format: Hardcover
ASIN: 1858982103
Category: Books > Subjects > Business, Finance & Law > Economics > International Economics > Trade
Domain: Amazon UK
Release Date: 01 March 1996
Listed Since: 15 December 2006

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Edward Elgar Publishing International Competitiveness and the Balance of Payments: Do Current Account Deficits and Surpluses Matter?

About as cheap as it gets. The only time it was cheaper was 11 months ago.

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