This book explores key economic problems and new policies for the global economy of the 21st century. The contributors discuss to what extent past policy errors were due to the incompetence of policymakers, and highlight problems including: international payments imbalances and currency crises, volatile security markets, inflation, achieving full employment, income distribution and alleviating individuals and nations of poverty.

In particular, topics explored include:





the development problem experienced by Brazil during the past two decades
the desire of most developing nations to achieve an export-led growth strategy
the constraint of balance-of-payments on Mexico's long-term economic growth
the relationship between group division and levels of economic development
decreasing economic growth in the United States
the consideration of effective demand, and structural and technological change
the relationship between unemployment and profitability.

The book presents a challenging set of arguments, and illustrates the many problems faced by decision makers in their attempt at policy making in the new global economy. It will be of special interest to academic economists, central bankers, government policymakers and those involved in financial markets.