Description - Essays on Balance of Payments Constrained Growth by John McCombie
There are many theories concerning the reasons that the pace of development and the growth of national product differ between nations. One of the most interesting theories concerns the relationship between a country's balance of payments and its economic growth and development. It is this area which is covered in this book. The contributions contained within this book outline the fundamental theoretical model which argues that no country can grow faster than that rate consistent with balance of payments equilibrium on current account. It moves on to analyze various case studies that apply the model to both developed and developing countries. With an impressive array of contributors and under the notable editorship of mcCombie and thirlwall , this book is simply essential reading for economists with an interest in the relationship between trade and growth, and to policy makers in developing countries.
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(234mm x 156mm x mm)
Publisher: Taylor & Francis Ltd
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Author Biography - John McCombie
J.S.L. McCombie is a Fellow in Economics at Downing College, Cambridge, UK. A.P. Thirlwall is Professor of Applied Economics at the University of Kent, UK. He has been an advisor to various government departments, and a consultant to many international development organisations.