World economic outlook: april 1985

Recent Books Understanding the Scottish Economy. Keith Ingham and James Love, eds. Oxford: Martin Robertson & Co., 1985. 311 pp. $34.95 ISBN o-85520-676-4. This is a straightforward and readily understandable volume which addresses some of the important changes that have been taking place in the Scottish economy over the past ten years, such as the development of North Sea oil, the dramatic closures of “branchplants” of multi-national companies, and the decline of traditional industries. Across a wide range of topics, the authors demonstrate how theory can be related to the “real world” of Scotland in the 1980s. Weathering the Storm: Canadian-US. Relations, 1980-83. David D . C . : National Planning AssociaLeyton-Brown. Washington, tion, 1985. 86 pp. U.S. $6.50, Can. $8.60 ISBN O-88806-127-7. In this study the author examines the interdependent and sometimes strained economic relationship between the United States and Canada. Three case studies form the backbone of his analysis: the dispute over Canada’s National Energy Program (NEP), the issues raised by a private-sector petition that the United States impose countervailing duties on imports of Canadian softwood lumber, and the conflicts which exist in the area of television broadcasting along the nations’ borders. Proposals are made in the text for management of future tensions in the bilateral relationship. World Economic Outlook: April 1985. Washington, D.C.: International Monetary Fund, 1985. 283 pp. $15.00 ISBN 0-939934-45-O. The World Economic Outlook has been published annually by the International Monetary Fund since 1980. It presents projections and analyses which are the product of a comprehensive interdepartmental review of world economic development by the Fund’s staff. This review draws on the information the Fund staff gathers through its regular and special consultations with member countries as well as through its econometric modeling techniques. Considered are prospects and issues in the world economy to 1990, the current situation and short-term projects, and medium-term scenarios. Also includes an extensive statistical appendix and supplementary notes.

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