A Quest for a More Stable World Economic System

Restructuring at a Time of Cyclical Adjustment

  • Lawrence R. Klein

Table of contents

  1. Front Matter
    Pages i-xiii
  2. Introduction

  3. Sustainable World Economic Growth: A New Dimension of Economic Policy Cooperation

  4. Harmonizing Global Regionalism

  5. The Debt Problem and International Financial Markets

  6. Restructuring of Socialist Economies and the Impact of Disarmament on the World Economy

  7. Back Matter
    Pages 393-401

About this book


In the autumn of 1990 there was a sense of change taking place in the world economy. Readiness for war was occurrin~ in the Middle East and a recession was already underway in a few major countries. The forces of reform and political re-shaping were visible in Eastern Europe and the Soviet Union. We economists, gathering in Osaka, Japan, under the auspices of the International Institute for Advanced Studies (Kyoto) could recognize that the Cold War was over and that politico-economic restructuring would take place among the powers in the Warsaw Treaty Organization. Much has happened since the latter part of 1990 to affect international economic stability. The events of that period were both positive and negative for economic stability, but our concern was weighted towards the negative side. Dur charge and sponsorship was scholarly, and the papers from the learned contributors to the symposium and this resulting volume used the many tools of economic analysis to try to understand the ongoing developments. In the intervening period, while this volume was being prepared and edited, we did not cnange our viewpoints in any fundamental way, and we can take satisfaction in the way our symposium either relates to the unfolding sequence of events in a substantive sense or provides a framework in which to study these events.


Developing Economies East Asia Eastern Europe Economic Development Economic Growth development european integration exchange rates globalization growth institutions monetary policy monetary union

Editors and affiliations

  • Lawrence R. Klein
    • 1
  1. 1.University of PennsylvaniaUSA

Bibliographic information

  • DOI
  • Copyright Information Springer Science+Business Media B.V. 1993
  • Publisher Name Springer, Dordrecht
  • eBook Packages Springer Book Archive
  • Print ISBN 978-94-015-8187-5
  • Online ISBN 978-94-015-8185-1
  • Buy this book on publisher's site