The political economy of the United States policy in Southern Africa

Conclusion Former Secretary of State Kissinger’s policies towards and maneuvers in southern Africa must be examined within the context of America’s global strategy and imperialist objectives. As in Southeast Asia, the Middle East, and Latin America, the United States aims at giving South Africa sufficient support so that she can play a policing role in southern Africa, if not in sub-Sahara Africa as a whole. This is what the Nixon-Kissinger Doctrine called for. It argued that the Western countries must now establish a decentralized, global system of defense. This article was originally published inRBPE, Spring 1977 (vol. 7, no. 3).     

The political economy of American monetary policy

Conclusion This thought-provoking volume should be read by any monetary economist who cares about trying to understand Fed policy. In light of the continuing trend toward constructing economic theories that tell more and more about less and less, cynics may have come to believe that the economics profession does not value research about real-world issues such as monetary policymaking. The contributions to this volume provide hard evidence that a sizable part of the profession continues to pursue policy-related questions.     

The policy implications of an appropriate development strategy for Southern Africa

The development strategies of the past have not lead to meaningful development results. The fruits of economic growth do not automatically reach the poor groups. The conventional development approach (growth strategy) is unable to produce any significant development results, nor is it capable of eradicating poverty. This experience has culminated in a more appropriate strategy for the circumstances in the LDCs. In a previous article in this journal, the magnitude of the poverty problem and the conceptual framework of this relatively new approach were discussed. This article highlights the policy implications, in terms of appropriate development programmes, of this approach.     

The political economy of gambling in a neocolonial economy

Conclusion This study has attempted to show the entrenched character of parasitic capitalism in the form of gambling in the Jamaican economy on a scale that massively but painlessly redistributes income from the working class to the petite bourgeoisie. It speaks to a dimension of class exploitation that is often ignored in the focus on large multinational corporations and has parallels in the parasitic forms of capitalism that exploit the black community in the United States. Parasitic capitalism is seen as promoting a form of false class consciousness that seeks outlets to class frustrations in precapitalist illusions of luck and chance that feed the coffers of the grasping petite bourgeoisie with hard-earned working class wage incomes. The data and findings point clearly to the need to either eliminate parasitic capitalist activities such as gambling or alternatively remove it from the control of the petite bourgeoisie and convert the capital accumulated to community and mass-oriented development and social projects.     

The political economy of transformation

This article gives an analysis of the political economy of transformationwhich stresses the major achievements of some countries, thefact that the transformation is not yet over, the existenceof both winners and losers, and the limitations of transitionorthodoxy. Attention is paid to the implications of transformationup till now for social philosophy and the Washington Consensus.It is argued that among the surprises of transformation werethe importance of a sound banking system, of a strong, but limited,state, and the fact that transformation is a long and difficultprocess. In addition, the initial stress on the need for rapidprivatization turned out to be one-sided. More important forthe resumption of economic growth is the development of newprivate firms. There are political dangers on the road aheadwhich, for the successful applicants, will be reduced by EUmembership.     

The political economy of immigration quotas

It is argued, using a single-sector general equilibrium model, that the economic interests of citizens of a host country in relation to immigration depend on their factor ownership. Using the median voter model, it is argued that whether a country admits further immigration depends on the country's factor ownership distributions, the generosity of its transfer programs, as well as on the prejudices about immigrants that its citizens hold.on leave from Moorhead State University.     

美国高科技创业支援体系中大学的作用

作为创业社会资本的美国的大学 和其他发达国家相比,美国的大学在培养学生创业意识和能力,提供和企业界往来方面作用异常突出.例如,麻省理工学院(MIT)的创业支援以及和企业的交流渠道如表1所示:……     

The political economy of China's future

The Chinese economy and political system have evolved, perhaps even matured, to a point whereby researchers within and without academia deem it appropriate to shift their attention from the immediate past, and of course the present, to the long‐term future. Institutional changes, particularly WTO accession, and the challenges posed by modern technology are reinforcing this trend. The more policy sensitive of the two most ambitious exercises in crystal ball gazing, it is argued here, has yielded fascinating insights but, inevitably so given the nature of the undertaking, the questions to which it gives rise match both quantitatively and qualitatively the answers provided.     

The political economy of the Exchange Rate Mechanism

The apparent tendency of ERM countries other than Germany to experience high real exchange rates and to subsidize manufacturing is explained by a rational expectations model in which there is optimally asymmetric policy reaction to good and bad times—devaluation in bad, no revaluation in good. The resulting expected depreciation (at all times) causes inflation in normal and good times to be less than expected inflation, raising real wages and the real exchange rate, and creating pressures for subsidy of the traded sector.