Barry Bosworth - Reforming planned economies in an integrating world economy
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Reforming planned economies in an integrating world economy
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This work is part of the Integrating National Economies series. As global markets for goods, services and financial assets have become increasingly integrated, national governments no longer have as much control over economic markets. With the completion of the Uruguay Round of the GATT talks, the world economy has entered a fresh phase requiring different rules and different levels of international cooperation. Policies once thought to be entirely domestic and appropriately determined by national political institutions, are now subject to international constraints. Cogent analysis of this deeper integration of the world economy, and guidelines for government policies, are urgent priorities. This series aims to meet these needs over a range of 21 books by some of the worlds leading economists, political scientists, foreign policy specialists and government officials. All the books in the series are offered at the same price: #22.50 for hardbacks and #8.50 for paperbacks.
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Reforming Planned Economies in an Integrating World Economy
Page ii
Integrating National Economies: Promise and Pitfalls
Barry Bosworth (Brookings Institution) and Gur Ofer (Hebrew University) Reforming Planned Economies in an Integrating World Economy
Ralph C. Bryant (Brookings Institution) International Coordination of National Stabilization Policies
Susan M. Collins (Brookings Institution/Georgetown University) Distributive Issues: A Constraint on Global Integration
Richard N. Cooper (Harvard University) Environment and Resource Policies for the World Economy
Ronald G. Ehrenberg (Cornell University) Labor Markets and Integrating National Economies
Barry Eichengreen (University of California, Berkeley) International Monetary Arrangements for the 21st Century
Mitsuhiro Fukao (Bank of Japan) Financial Integration, Corporate Governance, and the Performance of Multinational Companies
Stephan Haggard (University of California, San Diego) Developing Nations and the Politics of Global Integration
Richard J. Herring (University of Pennsylvania) and Robert E. Litan (Office of Management and Budget/Brookings Institution) Financial Regulation in the Global Economy
Miles Kahler (University of California, San Diego) International Institutions and the Political Economy of Integration
Anne O. Krueger (Stanford University) Trade Policies and Developing Nations
Robert Z. Lawrence (Harvard University) Regionalism, Multilateralism, and Deeper Integration
Sylvia Ostry (University of Toronto) and Richard R. Nelson (Columbia University) Techno-Nationalism and Techno-Globalism: Conflict and Cooperation
Robert L. Paarlberg (Wellesley College/Harvard University) Leadership Abroad Begins at Home: U.S. Foreign Economic Policy after the Cold War
Peter Rutland (Wesleyan University) Russia, Eurasia, and the Global Economy
F. M. Scherer (Harvard University) Competition Policies for an Integrated World Economy
Susan L. Shirk (University of California, San Diego) How China Opened Its Door: The Political Success of the PRC's Foreign Trade and Investment Reforms
Alan O. Sykes (University of Chicago) Product Standards for Internationally Integrated Goods Markets
Akihiko Tanaka (Institute of Oriental Culture, University of Tokyo) The Politics of Deeper Integration: National Attitudes and Policies in Japan
Vito Tanzi (International Monetary Fund) Taxation in an Integrating World
William Wallace (St. Antony's College, Oxford University) Regional Integration: The West European Experience
Page iii
Reforming Planned Economies in an Integrating World Economy
Barry P. Bosworth and Gur Ofer
Page iv
Copyright 1995 THE BROOKINGS INSTITUTION 1775 Massachusetts Avenue, N. W., Washington, D.C. 20036
All rights reserved
Library of Congress Cataloging-in-Publication data: Bosworth, Barry P., 1942 Reforming planned economies in an integrating world economy / Barry P. Bosworth and Gur Ofer p. cm.(Integrating national economies) Includes bibliographical references and index. ISBN 0-8157-1048-8 (alk. paper)ISBN 0-8157-1047-X (pbk.) 1. Europe, EasternEconomic policy1989- 2. Europe, Central Economic policy. 3. Post-communismEconomic aspectsEurope, Eastern. 4. Post-communismEconomic aspectsEurope, Central. 5. ChinaEconomic policy1976- I. Ofer, Gur. II. Title. III. Series. HC244.B699 1995 338.947dc20 95-3848 CIP
9 8 7 6 5 4 3 2 1
The paper used in this publication meets the minimum requirements of American National Standard for Information SciencesPermanence of Paper for Printed Library Materials, ANSI Z39.48-1984
Typeset in Plantin
Composition by Princeton Editorial Associates Princeton, New Jersey
Printed by R. R. Donnelley and Sons Co. Harrisonburg, Virginia
Page v
THE BROOKINGS INSTITUTION
The Brookings Institution is an independent organization devoted to nonpartisan research, education, and publication in economics, government, foreign policy, and the social sciences generally. Its principal purposes are to aid in the development of sound public policies and to promote public understanding of issues of national importance.
The Institution was founded on December 8, 1927, to merge the activities of the Institute for Government Research, founded in 1916, the Institute of Economics, founded in 1922, and the Robert Brookings Graduate School of Economics and Government, founded in 1924.
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