Open states in the global economy : the political economy of small-state macroeconomic management / Jonathon W. Moses.

By:

Moses, Jonathon Wayne, 1962- [author]

Material type: Text

TextPublisher: New York, N.Y. : St. Martin's Press, 2000Description: xviii, 259 pages : illustrations ; 23 cmContent type:

text

Media type:

unmediated

Carrier type:

volume

ISBN:

0312231067 (cloth)
0333775511
9780333775516

Subject(s):

DDC classification:

338.9481 21 M.J.O

Online resources:

Contents:

Summary: OPEN States in the Global Economy offers an outside-in framework for analysing the way in which national economic sovereignty is affected by globalization. In response to the largely closed-economy assumptions of most cross-national work on economic policy-making, this framework interprets small-state behaviour in terms of price- and/or policy-taking: small open states are always adjusting to changing international conditions. In short, economic policy choices are understood in terms of both international and domestic pressures. This new framework is then applied to a detailed case study of Norwegian economic policy-making. The Norwegian case is particularly well suited for the task, as it represents a best-case scenario for those who believe that politics still matters in an increasingly global economic context. In contrast to the assumptions of most cross-national studies, however, Norwegian full employment was not secured with an actively or consistently Keynesian policy mix. Rather, Norwegian policy mixes changed frequently in response to external developments.

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode
Books	Main library A6	Faculty of Economics & Political (Economics)	338.9481 M.J.O (Browse shelf(Opens below))	Available		00002984
Books	Main library A6	Faculty of Economics & Political (Economics)	338.9481 M.J.O (Browse shelf(Opens below))	Available		00002969

Includes bibliographical references (p. 228-240) and index.

List of Figures --
List of Tables --
Preface --
Acronyms --
Translations --
Introduction --
PART I: CONCEPTUAL FRAMEWORK --
An Outside-In Framework --
Postwar International Regimes --
PART II: POSTWAR POLICY REGIMES --
Direct Planning in Norway: 1948-58 --
Indirect Steering: 1958-71 --
Flexible Adjustment: 1971-86 --
Price Flexibility: 1986-98 --
Conclusion --
Bibliography --
Index.

OPEN States in the Global Economy offers an outside-in framework for analysing the way in which national economic sovereignty is affected by globalization. In response to the largely closed-economy assumptions of most cross-national work on economic policy-making, this framework interprets small-state behaviour in terms of price- and/or policy-taking: small open states are always adjusting to changing international conditions. In short, economic policy choices are understood in terms of both international and domestic pressures. This new framework is then applied to a detailed case study of Norwegian economic policy-making. The Norwegian case is particularly well suited for the task, as it represents a best-case scenario for those who believe that politics still matters in an increasingly global economic context. In contrast to the assumptions of most cross-national studies, however, Norwegian full employment was not secured with an actively or consistently Keynesian policy mix. Rather, Norwegian policy mixes changed frequently in response to external developments.

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