This book contrasts regional economic integration in the Asia Pacific Region and in Europe. In the Asia Pacific Region, regionalism is developing by means of "open regionalism," constructed through the APEC (Asia Pacific Economic Cooperation Process). This is different from the regionalism that has developed in Europe through the construction of a single European Market and Monetary Union within the European Union. In the light of this contrast, a number of important contemporary policy questions are considered by an international team of contributors. How should Europe and other parts of the...

This volume contains the proceedings of a September 1987 conference organized by the Centre for Economic Policy Research and the International Economics Study Group. the volume focuses on the strategic aspects of North-South interactions; the authors include some of the leading contributors to the growing literature on strategic interactions among interdependent economies.

Adam Smith's 'invisible hand' relied on the self-interest of individuals to produce good outcomes. Economists' belief in efficient markets took this idea further by assuming that all individuals are selfish. This belief underpinned financial deregulation, and the theories on incentives and performance which supported it. However, although Adam Smith argued that although individuals may be self-interested, he argued that they also have other-regarding motivations, including a desire for the approbation of others. This book argues that the trust-intensive nature of financial services makes it...

Adam Smith's 'invisible hand' relied on the self-interest of individuals to produce good outcomes. Economists' belief in efficient markets took this idea further by assuming that all individuals are selfish. This belief underpinned financial deregulation, and the theories on incentives and performance which supported it. However, although Adam Smith argued that although individuals may be self-interested, he argued that they also have other-regarding motivations, including a desire for the approbation of others. This book argues that the trust-intensive nature of financial services makes it...