The Basic Market Mechanism -- Firms and the Markets They Operate In -- The Factors of Production -- The Role of Government -- Measuring Economic Activity: The Key to Understanding -- Macroeconomics -- Monetary Policy and Its Prerequisites -- Foreign Exchange Rates and Exchange Rate Crises -- Transition in the Context of the International Financial System -- The Consequences for Open-Economy Macroeconomics -- Benevolent and Malevolent Markets -- Japan: The First Demographic Transition.
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SUMMARY OR ABSTRACT
Text of Note
This work focuses on major transitions in the 1990s: the transition from central planning and communism to market capitalism and the global integration of national financial systems.