Trade in Transit : World Trade and World Economy — Past, Present, and Future

PAPERsJOF THE WORLD TRADE CONFERENCE 1985 HELD IN AMSTERDAM ON THE OCCASION OF THE OPENING OF THE WORLD TRADE CENTER AMSTERDAM ON 4,5, AND 6 SEPTEMBER 1985 Between the covers of this book the reader will find the papers presented at the World Trade Conference 1985, held on 4,5 and 6 September 1985. This conference was organized by the World Trade Center Amsterdam, the University of Amsterdam and the Free University of Amsterdam on the occasion of the opening of the World Trade Center Amsterdam. The aim was to bring together businessmen, academics and policy makers in order to study pro blems of international trade and finance from a variety of viewpoints, sc. of those who are engaged in the cut and thrust of trade and finance, those who analyse it without being themselves involved, and those who regulate it. Hopefully this resulted in some useful cross­ fertilisation. The conference covered not only the whole globe, including the Japanese threat, the problems of the dollar, East-West trade, the Pacific Basin, barter trade etcetera, but also spanned a long historical period. The present and the future were examined, but also the past. The articles provide a round-up of what's going on in the field of international trade and finance. They cover a wide field, not remaining within the traditional boundaries of international economics. At the same time, the organizers strove to avoid shallowness. Front Matter....Pages I-XVII Front Matter....Pages 1-1 Opening Lecture....Pages 3-16 Peace and Trade: The Classical vs. the Marxian View....Pages 17-31 James and John Mill on Comparative Advantage: Sraffa’s Account Corrected....Pages 33-43 Front Matter....Pages 45-45 The Financial Conditions for Sustaining the Present Recovery....Pages 47-55 World Trade and International Finance: Lessons from the Past....Pages 57-64 The Influences of International Capital Flows on World Trade....Pages 65-76 High-Tech and the Changing Shape of World Trade....Pages 77-86 International Equilibrium — Some Longer-Term Issues....Pages 87-94 The Trend in World Protectionism....Pages 95-107 Front Matter....Pages 109-109 The United States Economy in Transition....Pages 111-123 The Role of Domestic US Economic and Financial Policy in the World Economy: Cures That Could be Worse Than the Disease....Pages 125-137 Exchange Stability, International Monetary Coordination, and the US Federal Reserve System....Pages 139-167 Surveillance over Exchange Rate Policies....Pages 169-175 Front Matter....Pages 177-177 The Future of North-South Relations: Alternative Approaches....Pages 179-196 Countertrade: A Disruptive Phenomenon in International Trade....Pages 197-205 Barter: The Misunderstood Alternative....Pages 207-212 East-West Trade and the Role of the Western Government....Pages 213-225 Some Thoughts about East-West Economic Relations and the World Economy....Pages 227-236 Did the Exchange Rate Stability within the EMS Contribute to More Trade?....Pages 237-248 The Viability of the ECU....Pages 249-262 Front Matter....Pages 177-177 The Pacific Basin, Recent Economic and Financial Developments....Pages 263-280 Front Matter....Pages 281-281 The Trading Company: Past and Future....Pages 283-289 Success Factors for the Next Ten Years: An Approach to the Development of International Trading....Pages 291-299 Front Matter....Pages 301-301 The Consumer in World Trade....Pages 303-313 Exportfinance from a Keynesian Point of View....Pages 315-325 Doing Business Crossculturally: International Trade and the Resurgence of Islam....Pages 327-338