OAPEC: Organization of Arab Petroleum Exporting Countries
Recent Books The Labour
Surplus Economy: A Neo-Keynesian Approach. Mihir Bakshit. Delhi, India: Macmillan India Limited, 1982. 295 pp. Distributed by...
Surplus Economy: A Neo-Keynesian Approach. Mihir Bakshit. Delhi, India: Macmillan India Limited, 1982. 295 pp. Distributed by Humanities Press, Atlantic Highlands, New Jersey. $21.50 ISBN 33390-402-g. For a dual economy, the author reformulates the Keynes-Kaldor theory of effective demand and income distribution and extends the model to allow for the differences in the adjustment process in the two sectors, monetary dualism and the operations of financial institutions and the Treasury. The analysis is rigorous, but focuses on live economic issues, especially those of the Indian economy. The Newly
industrializing Countries: Adjusting to Success. Neil McMullen. London: British-North American Company, 1982. 124 pp. ($7.00 ISBN o-89068-065-5 paperbound). This book addresses the phenomenon of the newly industrializing countries and their impact on the advanced industrialized ones. The study concludes that the U.S., Canada, and the U.K., will become increasingly stagnant if they try to compete for the old jobs of the 19th and 20th centuries, rather than compete for the new jobs of the 21st century. OAPEC: Organization
of Arab Petroleum Exporting Countries. Abdelkader Maachou. New York: St. Martin’s Press, 1983. 200 pp. $27.50 ISBN O-312-58722-4. Abdelkader Maachou outlines the structure of the Organization of Arab Petroleum Exporting Countries and its part in furthering the aims of its member countries. The study discusses the newly created judicial branch, the organization’s economic activities, and its contribution to the general intellectual climate of the area.
The Role of Markets in the World
Food Economy. D. Gale Johnson and G. Edward Schuh, eds. Westview Special Studies in Agriculture Science and Policy. Boulder, CO: Westview Press, 1983. 326 pp. $22.50 ISBN 0-86531-620-l. The book consists of eight papers with discussions. The authors of the papers explicitly recognize the potential role of markets in the world food economy; they highlight the contribution of prices to the solution of food problems in low-income countries and document the negative effects on food supply and material welfare of the actual price policies of many Third World governments. 116