Macroeconomic interactions between North and South
Abstract
This volume contains the proceedings of a September 1987 conference organized by the Centre for Economic Policy Research and the International Economics Study Group. The introduction provides a major survey of the literature on North-South macroeconomic interactions. The chapters examine measures of North-South interdependence, estimated using an empirical model of the OECD and the LDCs; North-South policy coordination in response to a worsening of the South's balance of payments position; how cooperative agreements over commodity prices affect welfare in both the South and the North; the use of financial market risk-management techniques to manage commodity price fluctuations; the effects of financial constraints on trade between North and South; the terms and availability of finance for the South; and the interactions of domestic and external finance in influencing LDC growth performance. The papers are abstracted separately in International Development Abstracts and Geographical Abstracts: Human Geography. -from Publisher