Protectionism and World Welfare

Edited by Dominick Salvatore Fordham University, New York

This volume addresses highly topical issues at a crucial time in international economic relations. The world has never been closer to dismantling the liberal multilateral trading system which has been painstakingly established and successfully operated since the Second World War. In this volume many of the world's most distinguished economists examine the movement toward protectionism, bilateralism and regionalism, and its causes, effects, and possible solutions. The contributors are theorists, researchers and advisers to governments and international organisations who are at the forefront of trade theory, policy and practice, and whose analyses have a real impact on international trade. The book provides unique survey for students and scholars of economics, and all those concerned with trade theory and. policy in business and government.

Clichés

 the volume addresses highly topical issue

 the world’s most distinguished economists examine

 the contributors are at the forefront of trade theory, policy and practice

 the contributor’s analysis has a real impact on international trade

 the book provides a unique survey for students and scholars of economics

 a unique survey for all those concerned with trade theory

Pattern 16 Capital Markets and Financial Intermediation

Edited by Colin Mayer University of Warwick

Financial intermediation is currently a subject of active academic research on both sides of the Atlantic. European financial integration raises major policy issues regarding the risks of banking competition and the appropriate regulation of banks and other financial intermediaries. The choice of Anglo-American vis-a-vis Continental European forms of financial markets is also central to Eastern Europe's transformation. This volume contains theoretical papers at the forefront of academic research on banking and security markets and banking competition.

Clichés

 to be currently a subject of active academic research

 to raise major policy issues regarding

 to contain papers at the forefront of academic research

Pattern 17 The Cooperative Nature of the Firm

Tatsuro Ichiishi

This book is an analysis of the modern economy’s two major resource allocation mechanism. The price mechanism has been subject to extensive examination by neoclassical economists, but there has been relatively little attention paid to the impact of the organization of firms on allocation. Professor Ichiishi presents a distinctive theory of the firm which views firms as organizations characterised by diversity of interest among their members. The author derives a number of original results, thereby contributing to the theory of the firm, cooperative game theory, and general equilibrium analysis theory.

Clichés

 to be subject to extensive examination

 there has been relatively little attention paid to

 to derive a number of original results

 to contribute to the theory of