This book assesses the role of government training and employment policies in the youth labour market in Britain. Based on extensive field research, it presents a comprehensive survey of this important and developing branch of labour economics. The author looks at the subject both historically and analytically, using an examination of human capital theory and the economic theory of training to provide a context for his research. Demographic, educational, economic and technological developments over time have greatly influenced the youth labour market, and Mr Deakin relates these changes to the effects of successive government training and employment schemes (such as YOP, TVEI and YTS/YT) on young people, employers and the national economy. He then compares these effects with the alternative no-policy position, and through this comparison detects an erratic policy-learning process which has important implications for future policy.
This book extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs. Rationing of foreign exchange prevents a 'soft currency distortion' that commonly afflicts developing countries and can turn comparative advantage trade into competitive devaluation trade, with severe losses of income and welfare. Yotopoulos finds that the level of underdevelopment narrowly circumscribes and conditions the extent to which free-market, free-trade, laissez-faire can be beneficial, contrary to the mainstream policy paradigm as currently applied. The analysis and tests draw on empirical research from seventy countries and four extended country studies to confirm the usefuln
Progress towards economic and monetary union in Western Europe has highlighted the importance of regional policies, while events in Eastern Europe have focused attention on the role of finance in development and may lead to a substantial diversion of capital flows. This volume from the Centre for Economic Policy Research addresses the relationships between growth, convergence, and capital market imperfections. Theoretical papers shed light on the debates over the role of financial structure in economic development and the scope for government intervention to promote regional development. Highly topical empirical papers examine the relationship between international lending and economic development in a historical perspective; the experience of regional policies in the European Community, and of financial liberalization in high-growth East Asian economies; and the development of financial markets in Eastern Europe.
This book extends recent theories of incomplete markets to investigate empirically the appropriate balance between the market and the state in the trade relations between developed and developing countries. The conclusion is that in an ideal world government intervention in foreign exchange and trade is necessary in developing countries in the early stages and inevitably decreases as development occurs. Rationing of foreign exchange prevents a 'soft currency distortion' that commonly afflicts developing countries and can turn comparative advantage trade into competitive devaluation trade, with severe losses of income and welfare. Yotopoulos finds that the level of underdevelopment narrowly circumscribes and conditions the extent to which free-market, free-trade, laissez-faire can be beneficial, contrary to the mainstream policy paradigm as currently applied. The analysis and tests draw on empirical research from seventy countries and four extended country studies to confirm the usefuln
Progress towards economic and monetary union in Western Europe has highlighted the importance of regional policies, while events in Eastern Europe have focused attention on the role of finance in development and may lead to a substantial diversion of capital flows. This volume from the Centre for Economic Policy Research addresses the relationships between growth, convergence, and capital market imperfections. Theoretical papers shed light on the debates over the role of financial structure in economic development and the scope for government intervention to promote regional development. Highly topical empirical papers examine the relationship between international lending and economic development in a historical perspective; the experience of regional policies in the European Community, and of financial liberalization in high-growth East Asian economies; and the development of financial markets in Eastern Europe.
Every country, every subnational government, and every district has a designated population, and this has a bearing on politics in ways most citizens and policymakers are barely aware of. Population and Politics provides a comprehensive evaluation of the political implications stemming from the size of a political unit – on social cohesion, the number of representatives, overall representativeness, particularism ('pork'), citizen engagement and participation, political trust, electoral contestation, leadership succession, professionalism in government, power concentration in the central apparatus of the state, government intervention, civil conflict, and overall political power. A multimethod approach combines field research in small states and islands with cross-country and within-country data analysis. Population and Politics will be of interest to academics, policymakers, and anyone concerned with decentralization and multilevel governance.
Every country, every subnational government, and every district has a designated population, and this has a bearing on politics in ways most citizens and policymakers are barely aware of. Population and Politics provides a comprehensive evaluation of the political implications stemming from the size of a political unit – on social cohesion, the number of representatives, overall representativeness, particularism ('pork'), citizen engagement and participation, political trust, electoral contestation, leadership succession, professionalism in government, power concentration in the central apparatus of the state, government intervention, civil conflict, and overall political power. A multimethod approach combines field research in small states and islands with cross-country and within-country data analysis. Population and Politics will be of interest to academics, policymakers, and anyone concerned with decentralization and multilevel governance.
