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Conflict, security, foreign policy, and international political economy : past paths and future directions in international studies
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ISBN: 0472088602 9786612444579 0472023926 1282444573 9780472023929 9781282444577 6612444576 9780472088607 Year: 2002 Publisher: Ann Arbor : University of Michigan Press,

Going alone
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ISBN: 0262268450 0585436894 0262292017 9780262268455 9780585436890 9780262292016 0262025213 9780262025218 Year: 2002 Publisher: Cambridge, Mass. MIT Press

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An analytic and empirical study of unilateral trade liberalization agreements, from the nineteenth century to the present.Since the end of World War II, the freeing of trade has been most visible in reciprocal liberalization agreements negotiated under the General Agreement on Tariffs and Trade, or GATT, and through increasing bilateral and plurilateral agreements. There has also, however, been a significant, if less visible, unilateral freeing of trade by several nations.This book, based on a research project directed by Jagdish Bhagwati, examines the experiences with such unilateral trade liberalization. Part 1 considers historical experiences, following Britain's unilateral embrace of free trade. Part 2 discusses recent examples, and Part 3 discusses unilateral liberalization in specific sectors. The substantive introduction provides a synthesis of the findings as well as theoretical support. It argues that although unilateral freeing of trade is generally less beneficial than reciprocity, it can trigger "sequential" reciprocity through example or by encouraging lobbies abroad to favor trade expansion.

Microsoft, antitrust and the new economy : selected essays
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ISBN: 128020088X 9786610200887 0306476002 0792376676 Year: 2002 Publisher: Dordrecht, Netherlands : Kluwer Academic Publishers,

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No antitrust case in recent history has attracted as much public attention as U.S v. Microsoft Corp. Nor has any antitrust case in memory raised as many complex, substantive issues of law, economics and public policy. Microsoft, Antitrust and the New Economy: Selected Essays constitutes an early effort to analyze some of the central issues and to put the case in the context of the ongoing debate over the role of government in managing markets - especially in technology driven New Economy industries. All of these essays, it should be noted, are written by critics of the government's efforts to regulate Microsoft. Indeed, many are by individuals who were closely involved in the company's legal defense and served as consultants to Microsoft. But their work should be judged on the merits rather than their provenance. For all represent serious scholarship by researchers committed to advancing the debate over government regulatory policies.

The enigma of globalisation : a journey to a new stage of capitalism
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ISBN: 0415296781 0203294408 0415406463 0203217578 1280182040 1134434324 0429229860 9780203217573 9780415296786 9781134434329 9781134434312 1134434316 9780429229862 9781280182044 9781134434275 9780415406468 Year: 2002 Publisher: London ; New York : Routledge,

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Globalization is theorized in this book as an emerging new stage of capitalism. Robert Went takes us on a journey from the historical roots of globalization through to its relevance in the modern day.The Enigma of Globalization is a timely addition to an important debate and covers such themes as:* International trade* Free trade and international movement of capital* The role of the world economyThis accessible and intriguing book is a must, not only for students and academics working in the field, but will also prove an interesting read for all those with a gener

General equilibrium foundations of finance : structure of incomplete markets models
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ISBN: 1402073372 1441953337 1475753179 9781402073373 Year: 2002 Volume: 33 Publisher: Boston Dordrecht London Kluwer Academic Publishers

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The purpose of this book is to give a sound economic foundation of finance. Finance is a coherent branch of applied economics that is designed to understand financial markets in order to give advice for practical financial decisions. This book argues that for a sound economic foundation of finance the famous general equilibrium model which in its modern form emphasizes the incompleteness of financial markets is well suited. The aim of the book is to demonstrate that financial markets can be meaningfully embedded into a more general system of markets including, for example, commodity markets. The interaction of these markets can be described via the well known notion of a competitive equilibrium. We argue that for a sound foundation this competitive equilibrium should be unique. In a first step we demonstrate that this essential goal cannot of be achieved based only on the rationality principle, i. e. on the assumption utility maximization of some utility function subject to the budget constraint. In particular we show that this important lack of structure is disturbing as well for the case of mean-variance utility functions which are the basis of the Capital Asset Pricing Model, one of the cornerstones of finance. The final goal of our book is to give reasonable restrictions on the agents' utility functions which lead to a well determined financial markets model.

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