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Impact of Developments in the World Economy

In: Trade Routes to Sustained Economic Growth

Author

Listed:
  • Amnuay Viravan
  • José Concepcion
  • Victor Fung Kwok-King
  • Jean-Pierre Lehmann
  • Brian W. Scott
  • Augustine Tan
  • Bunroku Yoshino
  • Hugh Corbet
  • Keith Hay
  • Mohammed Ramli Kushairi
  • Hadi Soesastro
  • Martin Wolf
  • Soogil Young

Abstract

IT WILL be recalled from the discussion in Chapter 2 that the international trading system depends for its survival (i) on a high level of international cooperation and goodwill, or (ii) on a fear of retaliation, or (iii) on a belief in the major trading powers that its rules are in their own individual long-term interest, or (iv) on the willingness of a hegemonic power or group of powers to remain committed to the rules, whatever others do, out of an awareness of the consequences for the system as a whole (and so for itself) of its defection. As a result of developments in domestic policy, discussed in the previous chapter, and of developments in international trade and international relations, to be discussed in this chapter, all of these possible sources of support have become increasingly enfeebled.

Suggested Citation

  • Amnuay Viravan & José Concepcion & Victor Fung Kwok-King & Jean-Pierre Lehmann & Brian W. Scott & Augustine Tan & Bunroku Yoshino & Hugh Corbet & Keith Hay & Mohammed Ramli Kushairi & Hadi Soesastro &, 1987. "Impact of Developments in the World Economy," Palgrave Macmillan Books, in: Trade Routes to Sustained Economic Growth, chapter 0, pages 71-88, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-18860-4_5
    DOI: 10.1007/978-1-349-18860-4_5
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    Cited by:

    1. Fernando Zarzosa Valdivia, 2020. "Inflation Dynamics in the ABC (Argentina, Brazil and Chile) countries," Ensayos de Política Económica, Departamento de Investigación Francisco Valsecchi, Facultad de Ciencias Económicas, Pontificia Universidad Católica Argentina., vol. 3(2), pages 77-99, Octubre.
    2. Monica Wanjiru Kinyanjui & Willy Muturi & Agnes Njeru, 2021. "Investment Incentives as a Mediator in the Relationship between Macroeconomic Variables and Growth of Private Domestic Investment in Kenya," Journal of Finance and Investment Analysis, SCIENPRESS Ltd, vol. 10(1), pages 1-1.

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