Business Economics articles from April 1992

Business Economics archives from April 1992

Stabilization, efficiency and the development of a North American Free Trade Agreement.
April 1, 1992... The 1980s were a difficult decade for Mexico. On one hand, macroeconomic instability, fundamentally caused by iii-conceived policies that favoured consumption over saving, and unexpected external shocks, such as increasing real interest rates...

The rationale for NAFTA: Mexico's new "outward-looking" strategy. (North American Free Trade Agreement)
April 1, 1992... NOBODY DOUBTS TODAY that world competition can only grow in the future. Competitiveness has thus become the name of the game. That is precisely what the Europeans have been striving for as they develop their community. It is what Japan has been...

Economic reform in Latin America.
April 1, 1992... AN INCREASING number of the Latin American economies are poised for a period of sustained economic expansion. The worst of the debt crisis has passed. Economic restructuring and reform are in place. The benefits are beginning to show in the...

The auto industry in Latin America: the challenge of adjusting to economic reform.
April 1, 1992... WHILE HEADLINES focus on the rapid collapse of the centrally planned economies, the Latin American countries proceed on their own fast march toward liberalizing their economies. This march is already forcing rapid adjustments by the traditional...

Canada and the Enterprise for the Americas Initiative: a case of reluctant regionalism.
April 1, 1992... CANADA SITS AT the northern end of North America, and its trade, investment and political relations are concentrated on the U.S. As Table 1 shows, nearly three-quarters of Canadian trade is with the U.S., whereas Latin America and the Caribbean...

Managing business risks.
April 1, 1992... ORGANIZATIONS ARE SUBJECT to economy-wide influences as well as to firm-specific risks. Recent developments in managing financial risks apply to nonfinancial as well as to financial firms. This paper will cover: (1) the nature and impacts of...

The New England roller coaster: lessons for the United States in the 1990s.
April 1, 1992... THE OVERALL performance of the New England economy over the past fifteen years has been extremely good. Incomes climbed well above national averages, and for most of the period unemployment rates in the region were much lower than for the...

International perspectives: market-opening policies and global companies.
April 1, 1992... TRATEGIC TRADE THEORY is based on the assumption that national firms can be meaningfully identified (see Krugman, 1986). However, the unprecedented increase in foreign direct investment that has taken place in the past few years makes the...

The business economist at work: a view of international economics from Paris.
April 1, 1992... IT IS AN impossible job: Analyze the world outside the center of the universe (the U.S.) for professional managers of financial assets invested in different markets and currencies. But trying to forecast major turns in economic, interest and...

The statistics corner: the Statistics of Income Program of the Internal Revenue Service.
April 1, 1992... FEDERAL TAX RETURN information is an integral part of the statistical infrastructure enabling analysis of the U.S. economy. Most of this information is compiled by a relatively obscure organization, the Statistics of Income (SOI) Division of...

The PC corner: confessions of an international forecaster.
April 1, 1992... AS OTHER ARTICLES in this issue have discussed, Latin American countries were racked by the international debt crisis of the 1980s. This crisis further complicated all types of standard economic analyses for a region traditionally characterized...

Research notes: what's the relationship among the consumer confidence surveys?
April 1, 1992... * Michael P. Niemira is Vice President and Economist, Mitsubishi Bank, New York, N.Y. WITH THREE WIDELY watched consumer confidence measures available from (1) the University of Michigan, (2) the Conference Board, and (3) ABC News and...

Capital Ideas: The Improbable Origins of Modern Wall Street.
April 1, 1992... Capital Ideas: The Improbable Origins of Modem WaIl Street By Peter L. Bernstein. New York: The Free Press, 1992, pp. 340, $24.95. OVER THE PAST forty years, a revolution has been going on in finance and investment that has...

How the Economy Works.
April 1, 1992... How the Economy Works By Edmund A. Mennis. New York: New York Institute of Finance, 1991, pp. 292, $13.95. THE AUTHOR, a veteran analyst of the economy and the editor of this journal, obviously did not select the title. In the first...