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Handbook of Global Economic Policy (Public Administration and Public Policy, 78) PDF

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Handbook of Global Economic Policy edited by Stuart S. Nagel University of Illinois Urbana,Illinois Marcel Dekker, Inc. New York Basel • TM Copyright ©2000 by Marcel Dekker,Inc. All Rights Reserved. ISBN: 0-8247-0328-6 Thisbook isprintedonacid-freepaper. Headquarters MarcelDekker,Inc. 270MadisonAvenue, NewYork,NY10016 tel:212-696-9000; fax:212-685-4540 EasternHemisphere Distribution MarcelDekkerAG Hutgasse4,Postfach812,CH-4001 Basel,Switzerland tel:41-61-261-8482;fax:41-61-261-8896 WorldWideWeb http://www.dekker.com The publisher offers discounts on this book when ordered in bulk quantities. For more information, write to Special Sales/Professional Marketing at the headquarters address above. Copyright 2000byMarcelDekker,Inc.AllRightsReserved. Neitherthisbook noranypartmaybereproducedortransmittedinanyformorbyany means, electronic or mechanical, including photocopying, microfilming, and recording, or by any information storage and retrieval system, without permission in writing from thepublisher. Currentprinting(last digit): 10987654321 PRINTED INTHEUNITEDSTATESOFAMERICA PUBLICADMINISTRATIONANDPUBLICPOLICY AComprehensivePublicationProgram ExecutiveEditor JACKRABIN ProfessorofPublicAdministrationandPublicPolicy SchoolofPublicAffairs TheCapitalCollege ThePennsylvaniaStateUniversity—Harrisburg Middletown,Pennsylvania 1. Public Administration as a Developing Discipline (in two parts), Robert T. Golembiewski 2. ComparativeNationalPoliciesonHealthCare,MiltonI.Roemer,M.D. 3. ExclusionaryInjustice:TheProblemofIllegallyObtainedEvidence,Steven R.Schlesinger 4. Personnel Management in Government: Politics and Process, Jay M. Shafritz,WalterL.Balk,AlbertC.Hyde,andDavidH.Rosenbloom 5. OrganizationDevelopmentinPublicAdministration(intwoparts),editedby RobertT.GolembiewskiandWilliamB.Eddy 6. Public Administration: A Comparative Perspective, Second Edition, Re- visedandExpanded,FerrelHeady 7. ApproachestoPlannedChange(intwoparts),RobertT.Golembiewski 8. ProgramEvaluationatHEW(inthreeparts),editedbyJamesG.Abert 9. The States and the Metropolis, Patricia S. Florestano and Vincent L. Marando 10. PersonnelManagementinGovernment:PoliticsandProcess,SecondEdi- tion,RevisedandExpanded,JayM.Shafritz,AlbertC.Hyde,andDavidH. Rosenbloom 11. ChangingBureaucracies:UnderstandingtheOrganizationBeforeSelecting theApproach,WilliamA.Medina 12. HandbookonPublicBudgetingandFinancialManagement,editedbyJack RabinandThomasD.Lynch 13. EncyclopediaofPolicyStudies,editedbyStuartS.Nagel 14. Public Administration and Law: Bench v. Bureau in the United States, DavidH.Rosenbloom 15. Handbook on Public Personnel Administration and Labor Relations, edited byJackRabin,ThomasVocino,W.BartleyHildreth,andGeraldJ.Miller 16. PublicBudgetingandFinance:Behavioral,Theoretical,andTechnicalPer- spectives,ThirdEdition,editedbyRobertT.GolembiewskiandJackRabin 17. Organizational Behavior and Public Management, Debra W. Stewart and G.DavidGarson 18. The Politics of Terrorism: Second Edition, Revised and Expanded, edited byMichaelStohl 19. HandbookofOrganizationManagement,editedbyWilliamB.Eddy 20. OrganizationTheoryandManagement,editedbyThomasD.Lynch 21. LaborRelationsinthePublicSector,RichardC.Kearney 22. Politics and Administration: Woodrow Wilson and American Public Ad- ministration,editedbyJackRabinandJamesS.Bowman 23. Making and Managing Policy: Formulation, Analysis, Evaluation, edited by G.RonaldGilbert 24. Public Administration: A Comparative Perspective, Third Edition, Revised, FerrelHeady 25. DecisionMakinginthePublicSector,editedbyLloydG.Nigro 26. ManagingAdministration,editedbyJackRabin,SamuelHumes,andBrian S.Morgan 27. Public Personnel Update, edited by Michael Cohen and Robert T. Golem- biewski 28. StateandLocalGovernmentAdministration,editedbyJackRabinandDon Dodd 29. Public Administration: A Bibliographic Guide to the Literature, Howard E. McCurdy 30. Personnel Management in Government: Politics and Process, Third Edition,RevisedandExpanded,JayM.Shafritz,AlbertC.Hyde,andDavid H.Rosenbloom 31. Handbook of Information Resource Management, edited by Jack Rabin andEdwardM.Jackowski 32. Public Administration in Developed Democracies: A Comparative Study, editedbyDonaldC.Rowat 33. The Politics of Terrorism: Third Edition, Revised and Expanded, edited by MichaelStohl 34. Handbook on Human Services Administration, edited by Jack Rabin and MarciaB.Steinhauer 35. Handbook of Public Administration, edited by Jack Rabin, W. Bartley Hildreth,andGeraldJ.Miller 36. Ethics for Bureaucrats: An Essay on Law and Values, Second Edition, RevisedandExpanded,JohnA.Rohr 37. TheGuidetotheFoundationsofPublicAdministration,DanielW.Martin 38. Handbook of Strategic Management, edited by Jack Rabin, Gerald J. Miller,andW.BartleyHildreth 39. TerrorismandEmergencyManagement:PolicyandAdministration,William L.Waugh,Jr. 40. OrganizationalBehaviorandPublicManagement:SecondEdition,Revised andExpanded,MichaelL.Vasu,DebraW.Stewart,andG.DavidGarson 41. Handbook of Comparative and Development Public Administration, edited byAliFarazmand 42. Public Administration: A Comparative Perspective, Fourth Edition, Ferrel Heady 43. GovernmentFinancialManagementTheory,GeraldJ.Miller 44. Personnel Management in Government: Politics and Process, Fourth Edition,RevisedandExpanded,JayM.Shafritz,NormaM.Riccucci,David H.Rosenbloom,andAlbertC.Hyde 45. PublicProductivityHandbook,editedbyMarcHolzer 46. HandbookofPublicBudgeting,editedbyJackRabin 47. Labor Relations in the Public Sector: Second Edition, Revised and Ex- panded,RichardC.Kearney 48. Handbook of Organizational Consultation, edited by Robert T. Golem- biewski 49. Handbook of Court Administration and Management, edited by Steven W. HaysandColeBleaseGraham,Jr. 50. Handbook of Comparative Public Budgeting and Financial Management, editedbyThomasD.LynchandLawrenceL.Martin 51. HandbookofOrganizationalBehavior,editedbyRobertT.Golembiewski 52. HandbookofAdministrativeEthics,editedbyTerryL.Cooper 53. Encyclopedia of Policy Studies: Second Edition, Revised and Expanded, editedbyStuartS.Nagel 54. Handbook of Regulation and Administrative Law, edited by David H. RosenbloomandRichardD.Schwartz 55. HandbookofBureaucracy,editedbyAliFarazmand 56. HandbookofPublicSectorLaborRelations,editedbyJackRabin,Thomas Vocino,W.BartleyHildreth,andGeraldJ.Miller 57. PracticalPublicManagement,RobertT.Golembiewski 58. Handbook of Public Personnel Administration, edited by Jack Rabin, ThomasVocino,W.BartleyHildreth,andGeraldJ.Miller 59. Public Administration: A Comparative Perspective, Fifth Edition, Ferrel Heady 60. HandbookofDebtManagement,editedbyGeraldJ.Miller 61. Public AdministrationandLaw: SecondEdition,DavidH.Rosenbloomand RosemaryO’Leary 62. HandbookofLocalGovernmentAdministration,editedbyJohnJ.Gargan 63. Handbook of Administrative Communication, edited by James L. Garnett andAlexanderKouzmin 64. Public Budgeting and Finance: Fourth Edition, Revised and Expanded, editedbyRobertT.GolembiewskiandJackRabin 65. Handbook of Public Administration: Second Edition, edited by Jack Rabin, W.BartleyHildreth,andGeraldJ.Miller 66. Handbook of Organization Theory and Management: The Philosophical Approach,editedbyThomasD.LynchandToddJ.Dicker 67. HandbookofPublicFinance,editedbyFredThompsonandMarkT.Green 68. Organizational Behavior and Public Management: Third Edition, Revised andExpanded,MichaelL.Vasu,DebraW.Stewart,andG.DavidGarson 69. HandbookofEconomicDevelopment,editedbyKuotsaiTomLiou 70. Handbook of Health Administration and Policy, edited by Anne Osborne KilpatrickandJamesA.Johnson 71. Handbook of ResearchMethods inPublicAdministration,editedbyGerald J.MillerandMarciaL.Whicker 72. HandbookonTaxation,editedbyW.BartleyHildrethandJamesA. Richardson 73. Handbook of Comparative Public Administration in the Asia-Pacific Basin, editedbyHoi-kwokWongandHonS.Chan 74. Handbook of Global Environmental Policy and Administration, edited by DennisL.SodenandBrentS.Steel 75. HandbookofStateGovernmentAdministration,editedbyJohnJ.Gargan 76. HandbookofGlobalLegalPolicy,editedbyStuartS.Nagel 77. HandbookofPublicInformationSystems,editedbyG.DavidGarson 78. HandbookofGlobalEconomicPolicy,editedbyStuartS.Nagel 79. Handbook of Strategic Management: Second Edition, Revised and Ex- panded,editedbyJackRabin,GeraldJ.Miller,andW.BartleyHildreth 80. HandbookofGlobalInternationalPolicy,editedbyStuartS.Nagel 81. Handbook of Organizational Consultation: Second Edition, Revised and Expanded,editedbyRobertT.Golembiewski 82. HandbookofGlobalPoliticalPolicy,editedbyStuartS.Nagel 83. HandbookofGlobalTechnologyPolicy,editedbyStuartS.Nagel 84. Handbook of Criminal Justice Administration, edited by Toni DuPont- Morales,MichaelK.Hooper,andJudyH.Schmidt 85. Labor Relations in the Public Sector: Third Edition, edited by Richard C. Kearney 86. Handbook of Administrative Ethics: Second Edition, Revised and Expanded,editedbyTerryL.Cooper 87. Handbook of Organizational Behavior: Second Edition, Revised and Ex- panded,editedbyRobertT.Golembiewski 88. Handbook of Global Social Policy, edited by Stuart S. Nagel and Amy Robb 89. Public Administration: A Comparative Perspective, Sixth Edition, Ferrel Heady 90. Handbook of Public Quality Management, edited by Ronald J. Stupak and PeterM.Leitner 91. Handbook of Public Management Practice and Reform, edited by Kuotsai TomLiou 92. PersonnelManagementinGovernment:PoliticsandProcess,FifthEdition, Jay M. Shafritz, Norma M. Riccucci, David H. Rosenbloom, Katherine C. Naff,andAlbertC.Hyde 93. HandbookofCrisisandEmergencyManagement,editedbyAliFarazmand 94. HandbookofComparativeandDevelopmentPublicAdministration:Second Edition,RevisedandExpanded,editedbyAliFarazmand 95. Financial Planning and Management in Public Organizations, Alan Walter Steissand‘EmekaO.CyprianNwagwu 96. Handbook of International Health Care Systems, edited by Khi V. Thai, EdwardT.Wimberley,andSharonM.McManus 97. HandbookofMonetaryPolicy,editedbyJackRabinandGlennL.Stevens 98. HandbookofFiscalPolicy,editedbyJackRabinandGlennL.Stevens 99. Public Administration: An Interdisciplinary Critical Analysis, edited by Eran Vigoda 100. Ironies in Organizational Development: Second Edition, Revised and Ex- panded,editedbyRobertT.Golembiewski 101. Science and Technology of Terrorism and Counterterrorism, edited by Tushar K. Ghosh, Mark A. Prelas, Dabir S. Viswanath, and Sudarshan K. Loyalka 102. Strategic Management forPublicandNonprofitOrganizations,AlanWalter Steiss 103. Case Studies in Public Budgeting and Financial Management: Second Edition, Revised and Expanded, edited by Aman Khan and W. Bartley Hildreth AdditionalVolumesinPreparation Principles and Practices of Public Administration, edited by Jack Rabin, RobertF.Munzenrider,andSherrieM.Bartell HandbookofDevelopmentalPolicyStudies,editedbyStuartS.Nagel Handbook of Conflict Management, edited by William J. Pammer, Jr., and JerriKillian AnnalsofPublicAdministration 1. Public Administration: History and Theory in Contemporary Perspective, editedbyJosephA.Uveges,Jr. 2. Public Administration Education in Transition, edited by Thomas Vocino andRichardHeimovics 3. Centenary Issues of the Pendleton Act of 1883, edited by David H. Ro- senbloomwiththeassistanceofMarkA.Emmert 4. IntergovernmentalRelationsinthe1980s,editedbyRichardH.Leach 5. Criminal Justice Administration: Linking Practice and Research, edited by WilliamA.Jones,Jr. Preface This handbook on global economic policy is one in a set of six global policy handbooks. The other five deal with technology, social, political, international, and legal policy. Publicpolicystudiesinthepasthavetendedtoemphasizedomesticpolicy, ratherthancross-nationalpolicy.ThisisespeciallytrueofAmericanpolicystud- ieswhichtendtobeespeciallynation-bound.Thisisalsotruetosomeextentof policy studies in France, Russia, China, Brazil, and elsewhere. When American policy studies show an interest in other countries, those othercountriestendtobeexclusivelyWesternEuropeancountries.Thissix-vol- umeset,however,willincludealltheregionsoftheworld,consistingofAfrica, Asia, Europe, Latin and North America in alphabetical order with Western Eu- rope being only one of the several regions. Public policy studies also tend to place a lot of emphasis on methods of analysisandthepolicyprocess.Theydonotgetmuchintosubstance,especially at the professional or scholarly level, as contrasted to undergraduate textbooks. This is so because scholars have traditionally considered substance to be not as philosophical or theoretical as methods or process. Inthissix-volumeset,however,eachvolumeisdevotedtoadifferentsub- stantivefield,includingeconomic,technology,social,political,international,and legalpolicy.Thediscussionswillbemoretheoreticalthanmostsubstantivedis- cussions because they will emphasize comparisons across places, across times, andacrossdifferentsubstantivefields.Atthesametime,thediscussions willbe practical in terms of applicability to real world problems. iii iv Preface Scholarsandotherswhostudycomparativegovernmentunfortunatelytend to overemphasize structures like federalism, separation of powers, legislatures, chief executives, and supreme courts to the neglect of public policy, which this seriesemphasizes.Comparativegovernmentpeoplealsotendtoemphasizearea studieswhichinvolvespecializinginasinglecountryorsub-region,ascontrasted tothissetofsixvolumeswhichcutsacrossmanyregionsandmanypolicyfields. Thusthekey objective ofthissetisto encourage morecross-nationaland cross-policy research and applications. The set not only advocates more of that kindofresearch,butpracticeswhatitadvocatesbyprovidingalmost200studies across six volumes which average about 30 studies per volume. This should be alandmarksetinthedisciplinesofbothpolicystudiesandcross-nationalstudies. Stuart S. Nagel

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Written by over 20 leading international economists, this book offers "win-win" scenarios to economic problems. As in the other volumes of this set of public policy handbooks, the Handbook of Global Economic Policy employs a unique organizational principle: from viewing economic problems from conser
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