Exchange-Rate Devaluation in a Semi-Industrialized Country analyzes the impact, of the exchange rate on the domestic economy and the balance of payments of Argentina during the period 1955-1961. It contains a study of the short-run mechanism of adjustment of the balance of payments of that country during the nineteen-fifties and early sixties, concentrating especially on an analysis of the effects of the December 1958 devaluation of the peso. This book is one of the few case studies to consider fully the impact of devaluation in semi-industrialized economies.After reviewing the existing...

Nontechnical yet analytically rigorous, The Multinational Paradigm represents a new direction in understanding the multinational corporation. Aliber suggests that changes in the relative rates of economic growth of countries lead to changes in exchange rates that have an important impact on the financing, sourcing, and marketing decisions and practices of individual firms. He provides a unique perspective for examining what is different about business in a global context by placing these decisions in the framework of the multinational paradigm - the choice between whether the firm should...

The field of VLSI (Very Large Scale Integration) is concerned with the design, production, and use of highly complex integrated circuits. The research collected here comes from many disciplines, including computer architecture, computer-aided design, parallel algorithms, semiconductor technology, and testing. It extends to novel uses of the technology and concepts originally developed for integrated circuits, including integrated sensor arrays, digital photography, highly parallel computers, microactuators, neural networks, and a variety of special-purpose architectures and networks of...

A developing country's choice of an appropriate technology from among those available for use in a particular industry is critical: alternative technological strategies that involve varying mixes of capital, labor, and social costs could have significantly different impacts not only on the industry but also on the country itself, especially one whose industrial base is restricted. This book presents one of the first empirical studies in this area.Recent choices of manufacturing equipment procured by a sample of firms in Colombia, Brazil, the Philippines, and Indonesia are the focus of the...

The title of this book is derived from a graduate course in which Professor Egon Orowan presented to M.I.T. students a clear and simple picture of the basic concepts in crystal plasticity and the mechanics of fracture of materials. Since the publication of his pioneering papers on dislocations and atomic mechanisms of fracture in the early 1930's, Professor Orowan has been one of the principal contributors to the field of physics of plasticity and strength. During the past 10 to 15 years, the perfection of many direct experimental methods has caused a great increase of activity in the...

This is a detailed history of one instance of a vanishing phenomenon, the small New England mill town. Source materials such as company records, newspapers, personal interviews, and indeed the town itself, which survives very largely as it did a century ago, were examined with assiduous scholarship. The resulting history is colorful and lively, its rich detail making it good reading as well as careful history.In tracing this story of two centuries of New England life, this book provides us with a detailed description of not only the growth of the town and its mills but also of everyday...

The contributions in this book identify and take up an important problem in international economics -- the split in theoretical and empirical work in international finance and in international trade. This book is unique in attempting to link these two aspects of the international economy together.The eight chapters explore the way exchange rates and international capital movements interact with industrial structure, comparative advantage, and sectoral wage patterns, focusing on results that are valuable to both real and financial analysis in open economies. The principal sources of...

James Anderson has been a singular force in the research on tariffs versus quotas. In this book he demonstrates that in most reasonable circumstances, quotas are an inferior trade policy relative to import tariffs. He presents substantive new work on tariffs and quotas in imperfect competition and provides a better understanding of quotas and protection policies generally.In the current debate about protectionism, free trade, and "fair trade," Anderson's conclusions fly in the face of congressional approval of import quotas as a strategy to improve American life. While he does not advocate...

The contributors to this volume are primarily concerned not with building an argument regarding "eye-training" but with the question "What kinds of art courses are necessary to fulfill the objectives of general education and also satisfy a complex set of personal needs?" The book contains numerous and significant illustrations on all levels of achievement in art and an extensive bibliography.

In 1977, a grain elevator explosion in Westwego, Louisiana, took the lives of thirty-five workers. The next year, fifty-one men who were working on cooling tower for a West Viginia power plant died when their support scaffolding collapsed. And more recently, a Senate subcommittee hearing revealed that the incidence of lung cancer among uranium miners is nearly four times the national average rate for men of the same age. Clearly, as Lawrence Bacow writes in this book, occupational safety and health is a big problem that may be getting bigger.What can be done about it? This book argues that...