The Princeton Encyclopedia of the World Economy, 1st Edition

  • Ramkishen S. Rajan
  • Kenneth A. Reinert George Mason University
  • Published By:
  • ISBN-10: 1400830400
  • ISBN-13: 9781400830404
  • DDC: 337.03
  • Grade Level Range: College Freshman - College Senior
  • 1246 Pages | eBook
  • Original Copyright 2009 | Published/Released February 2010
  • This publication's content originally published in print form: 2009

  • Price:  Sign in for price



Increasing economic globalization has made understanding the world economy more important than ever. From trade agreements to offshore outsourcing to foreign aid, this two volume encyclopedia explains the key elements of the world economy and provides a first step to further research for students and scholars in public policy, international studies, business, and the broader social sciences, as well as for economic policy professionals. Written by an international team of contributors, this comprehensive reference includes more than 300 up to date entries covering a wide range of topics in international trade, finance, production, and economic development. These topics include concepts and principles, models and theory, institutions and agreements, policies and instruments, analysis and tools, and sectors and special issues. Each entry includes cross references and a list of sources for further reading and research. Complete with an index and a table of contents that groups entries by topic, The Princeton Encyclopedia of the World Economy is an essential resource for anyone who needs to better understand the global economy.

Table of Contents

Front Cover.
Half Title.
Other Frontmatter.
Title Page.
Copyright Page.
Alphabetical List of Entries.
Topical List of Entries.
Directory of Contributors.
1: absolute advantage.
2: access to medicines.
3: African Caribbean Pacific-European Union (ACP-EU) partnership agreements.
4: African Union.
5: agglomeration and foreign direct investment.
6: Agreement on Agriculture.
7: Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS).
8: agricultural trade negotiations.
9: agriculture.
10: aid, bilateral.
11: aid, food.
12: aid, humanitarian.
13: aid, international.
14: aid, international, and political economy.
15: aid, military.
16: air transportation.
17: Andean Community.
18: anti-dumping.
19: anti-globalization.
20: applied general equilibrium models.
21: appropriate technology and foreign direct investment.
22: Asia Pacific Economic Cooperation (APEC).
23: assignment problem.
24: Association of Southeast Asian Nations (ASEAN).
25: asymmetric information.
26: bail-ins.
27: bailouts.
28: balance of payments.
29: balance sheet approach/effects.
30: Balassa-Samuelson effect.
31: band, basket, and crawl (BBC).
32: Bank for International Settlements (BIS).
33: Bank of Japan.
34: banking crisis.
35: Basel Convention.
36: beggar-thy-neighbor policies.
37: black market premium.
38: Bonn Summit.
39: brain drain.
40: brain gain.
41: brain waste.
42: Bretton Woods system.
43: bubbles.
44: capital accumulation in open economies.
45: capital controls.
46: capital flight.
47: capital flows to developing countries.
48: capital mobility.
49: carry trade.
50: Central American Common Market (CACM).
51: Central American—Dominican Republic Free Trade Area (CAFTA-DR).
52: child labor.
53: commodity chains.
54: commodity-price pegging.
55: Common Agricultural Policy.
56: common currency.
57: common market.
58: Common Market for Eastern and Southern Africa (COMESA).
59: comparative advantage.
60: competition policy.
61: competitive advantage.
62: conflicted virtue.
63: contagion.
64: Convention on Biological Diversity.
65: Convention on International Trade in Endangered Species (CITES).
66: convertibility.
67: corporate governance.
68: Corruption.
69: countervailing duties.
70: currency board arrangement (CBA).
71: currency competition.
72: currency crisis.
73: currency substitution and dollarization.
74: customs unions.
75: debt deflation.
76: democracy and development.
77: dependency theory.
78: deposit insurance.
79: development.
80: digital divide.
81: discipline.
82: distortions to agricultural incentives.
83: Doha Round.
84: dollar standard.
85: domestic content requirements.
86: dominant currency.
87: dual exchange rate.
88: early warning systems.
89: Economic Community of West African States (ECOWAS).
90: economic development.
91: economies of scale.
92: effective exchange rate.
93: effective protection.
94: electronic commerce.
95: equilibrium exchange rate.
96: euro.
97: Eurocurrencies.
98: European Central Bank.
99: European Monetary Union.
100: European Union.
101: evolution of development thinking.
102: exchange market pressure.
103: exchange-rate forecasting.
104: exchange rate pass-through.
105: exchange rate regimes.
106: exchange rate volatility.
107: exchange rate weapon.
108: exchange rates and foreign direct investment.
109: exorbitant privilege.
110: expenditure changing and expenditure switching.
111: export processing zones.
112: export promotion.
113: factor endowments and foreign direct investment.
114: fair trade.
115: fear of floating.
116: Federal Reserve Board.
117: Feldstein-Horioka puzzle.
118: financial crisis.
119: financial liberalization.
120: financial repression.
121: financial services.
122: fixed costs and foreign direct investment.
123: footloose production.
124: foreign direct investment (FDI).
125: foreign direct investment and exit of local firms.
126: foreign direct investment and export performance.
127: foreign direct investment and innovation, imitation.
128: foreign direct investment and international technology transfer.
129: foreign direct investment and labor markets.
130: foreign direct investment and tax revenues.
131: foreign direct investment: the OLI framework.
132: foreign direct investment under monopolistic competition.
133: foreign direct investment under oligopoly.
134: foreign equity restrictions.
135: foreign exchange intervention.
136: foreign market entry.
137: forward premium puzzle.
138: fragmentation.
139: free trade area.
140: Free Trade Area of the Americas (FTAA).
141: gains from trade.
142: gender.
143: General Agreement on Tariffs and Trade (GATT).
144: General Agreement on Trade in Services (GATS).
145: Global Environment Facility.
146: global imbalances.
147: global income inequality.
148: global public goods.
149: globalization.
150: gold standard, international.
151: government procurement.
152: gravity models.
153: Group of Seven/Eight (G7/G8).
154: growth in open economies, neoclassical models.
155: growth in open economies, Schumpeterian models.
156: Gulf Cooperation Council.
157: health and globalization.
158: Heckscher-Ohlin model.
159: hedge funds.
160: hedging.
161: HIV/AIDS.
162: home country bias.
163: hot money and sudden stops.