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Quest for a More Stable World Economic System
Restructuring at a Time of Cyclical Adjustment
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273 b
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The world economy has been undergoing substantial change, especially from restructuring among formerly planned economies, developing economies and also among developed economies where serious imbalances occurred. In adapting to these changes, the economies of the world have shown a great deal of instability. A Quest for a More Stable Economic System offers thoughtful analyses of ways to understand and rectify these instabilities.§The contributions were prepared just as the Gulf War was beginning and as the economies of Eastern Europe and the former Soviet Union were undergoing successive change. The early analyses and diagnoses of what was happening to the world economy, as described, have well stood the test of time. The book brings to the students, teachers and research workers of economics objective investigations of the dynamic processes of adjustment and an appreciation where a new world economic order is heading.
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