Abstracts » Economics

Controversy: the macroeconomics of unemployment in the OECD

Article Abstract:

Economists, such as Davids and Nickell, believe that the occurrence of high unemployment among member nations of the Organization for Economic Cooperation and Development (OECD) can be partially attributed to a rise in real interest rate and a fall in investment ratio. For Davidson, the drop in investment ratio is related to a shift among OECD countries in 1973 from fixed to floating exchange rates. Speculative flow movement under floating exchange rates became more dominant than trade flows.

Unemployment, Organization for Economic Cooperation and Development

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Quantifying the Uruguay Round

Article Abstract:

An analysis of the potential returns of the Uruguay Round Agreements Act reveals that short term aggregate welfare gains are around $96 billion per year while long term gains stand at around $171 billion per year. The study also reveals that some developing countries would tend to lose out in short term benefits but would benefit as the rest in the long term. Moreover, unilateral liberalization would allow developing countries to enhance their gains further.

Trade Negotiations, Reports, Commercial treaties, Trade agreements, International trade regulation

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Controversy: finance and development

Article Abstract:

An analysis of the real effects of market liberalization on the development of economies reveals that liberalization should be coupled with macroeconomic stability and adequate supervision. Liberalization failed in some economies due to the lack of these factors aside from failure to recognize the influence of the stock market on financial liberalization and the influence of financial liberalization on overall economic development.

Intnl Economic Policy, Editorial, Influence, Economic policy, Economic development, Financial management

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