Comparative Monetary Economics Capitalist And Socialist Monetary Systems And Their Interrelations In The Changing International Scene

This 1988 book examines the indirect instruments and the related institutions that help to coordinate key economic decisions within and among the economies belonging to the Council for Mutual Economic Assistance (CMEA). The chief purpose is two-fold: to assess thier adequacy in light of the forced economic adjustments of the early 1980s and to formulate feasible changes for both in order to avert a recurrence of such developmental obstacles. Jozef van Brabant argues that these instruments and institutions are inadequate. He proposes that a resumption of rapid growth depends largely upon bolstering factor productivity growth, which can only be achieved through positive structural changes and a root-and-branch reform of the individual and groupwide economic mechanisms.

This accessible yet rigorous book examines the development of ‘financial socialism’ in advanced capitalist economies in the decade since the global financial crisis of 2007–2009. This new term refers to an attempt to resolve the accumulation crisis of capital through coordinated central bank activism, where state circuits of monetary capital assume a critical role in the reproduction of capitalist social relations. The book explains the dynamics of the crisis as it has developed and assesses the response of monetary elites to systemic financial risk in the global economy. Their failure to re-engineer growth following the technology boom of the late 1990s and the global financial crisis are driving fundamental changes in the form and function of capitalist money, which have yet to be theorized adequately. Finance, Accumulation and Monetary Power presents a revealing and radical critique of the failure of the International Political Economy to apprehend changes taking place within capitalism, employing a critical-theoretical analysis of contradictions in the capitalist reproduction scheme. The book will be of key interest to scholars, students and readers of international political economy, critical political economy, heterodox economics, globalization, international relations, international political sociology, business studies and finance.

The Routledge Handbook of Contemporary North Korea presents a comprehensive picture of contemporary North Korea, placed in historical context and set against the overlapping fields of politics, economy, culture, society and foreign relations. Spanning a period of significant transition for North Korea, this volume provides accurate analysis and applications of both historical and institutional perspectives. The volume’s chapters are representative of the growth in North Korean studies that has occurred since the 1990s, in parallel with the growing maturity of the field in South Korea, as well as with far greater levels of access to North Korean sources. The volume is divided into five Parts, each reflecting an emergent area of debate and research: The political perspective The North Korean economy Foreign relations Society Culture This is the first anthology of North Korean studies to demonstrate a clear understanding of North Korea as North Korea, as opposed to a dimly perceived and threatening rogue state. It features both Korean and non-Korean contributors, many working from primary source material. As such, this handbook will prove a valuable resource to students and scholars of Northeast Asian studies, modern Korean history and politics, and comparative politics more broadly.

This is the first comprehensive study of the role of socialist countries within the international economic order. The author presents an overview of the emergence of the postwar economic order and examines the key features of three kinds of centrally planned economies. He then analyzes the role of financial frameworks and the international trade system in ensuring smooth economic relations among market-type economies and he details the problems of associating typical CPEs within them. Finally Jozef van Brabant explores the possibility of reconstituting a multilateral economic order that can provide greater security, predictability, stability and reliability in international economic relations. The Planned Economies and International Economic Organizations is written at a time when the Soviet Union and other centrally planned economies are seeking closer links with the mainstream world economy. It will therefore be of interest to governments and institutional economists as well as to students and specialists of Soviet and East European studies, international relations and comparative economics.

In the fast-growing East European economies, a parti cularly important role falls to the transport systems that are called upon to move an ever-rising volume of goods and a con stantly increasing number of passengers. Gaining new insights into the problems that face those transport systems, into their achievements, and into some still unanswered questions is therefore highly interesting and--in terms of world experience --essential. The transportation systems of Eastern Europe operate within a centrally planned environment, but they serve dif ferent types of economies, from highly advanced East Germany and Czechoslovakia to the still industrializing Romania and Bulgaria. They have to satisfy fairly diversified transport needs: they operate within systems that have adopted different scales of political and economic priorities and different methods and forms of achieving them politically--from the faithful Soviet shadow-state of East Germany to the indepen dence-seeking Romania and Yugoslavia and, economically, from the traditionally strict authoritarian form of Romania that seeks industrialization and state power to the New Economic Mechanism of Hungary and the decentralization of Yugoslavia. Also, unlike the Soviet Union, the East European transport sys tems cover relatively small territories whose external connec tions differ from one another in scope and in modes. In addi tion, the transport systems of Eastern Europe have been called upon to accomplish feats of steeply rising performance with x infrastructures and equipment supported by miserly allocations.