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The Element explains in non-technical language why the process of monetary integration in Europe started slowly, progressed in fits and starts in the 1970s, and was successfully concluded in 1999. It analyses the strengths and weaknesses of the euro in the 21st century and its future prospects.

Richard Pomfret documents European integration since WWII, showing that today's European Union is the product less of master planning than of responses to political and economic challenges. Nevertheless, the EU emerges as a world-historic achievement in cross-border cooperation, with a bright but challenging future.

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This book analyzes the Central Asian economies of Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan, from their buffeting by the commodity boom of the early 2000s to its collapse in 2014. Richard Pomfret examines the countries' relations with external powers and the possibilities for development offered by infrastructure pro

Regionalism became a major issue in international commercial diplomacy during the 1990s. The European Union's 1992 programme, the formation of NAFTA, and attempts to form or strengthen regional trading arrangements in South America, southern Africa, and Southeast Asia were viewed as a challenge to the nondiscrimination principle which was the cornerstone of the postwar international trading system. The Economics of Regional Trading Arrangement...

The author examines the trade and economic relations of the Central Asian states and Azerbaijan with their Southern neighbors (Turkey, Iran, Pakistan, and Afghanistan). He assesses the Soviet economic and trade legacy and the expectations of these countries in 1992, as well as the physical infrastructure. After a detailed analysis of the policy environment and an outline of trade patterns during the 1990s, he concludes by assessing the prospec...

On Christmas Day 1991 the Soviet Union disappeared, and five unprepared Central Asian republics became nation states. In December 1992 the author was seconded to the United Nations as an economic advisor to the five countries and to Azerbaijan and Mongolia, which were also in transition from central planning. This book tells the story of the following year in Central Asia. The Central Asian oases were key points on the silk road from China to ...

Alongside unprecedented improvements in longevity and material well-being, the twentieth century saw the rise of fascism and communism and a second world war followed by a cold war. Governments with market economies won the battle against these competing systems by combining growth and efficiency with greater equality of opportunity and outcome.

This book examines an important economic development in East Asia during the first decade of the 21st century. Whereas regional arrangements were, with the sole significant exception of ASEAN, conspicuously absent before 2000, they have proliferated since 2000 in both the monetary and trade areas. The book places this political development in the changing nature of the national economies, especially their increasing integration into regional a...

International Trade: Theory, Evidence and Policy provides an integrated non-mathematical account of trade theory and policy that can be read straight through. The footnotes provide caveats, extensions and entry points, or further reading.This book is divided into three parts. The first part focuses on the core theoretical analysis of international trade that has evolved over a quarter-millennium. The second part reviews recent empirical resear...

This book provides an introduction to the economic analysis of international trade policies, focussing on the effects of various policies and using this positive analysis both to determine which trade policies should be adopted and to explain why existing policies have been adopted.

Amid the major social changes in the England of the 1960s, the book tells through the eyes of a teenager the story of of a small-town football club's quest to win the greatest prize in English football.

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First Published in 2005. Routledge is an imprint of Taylor & Francis, an informa company.

The 9/11 attacks, the U.S. invasion of Afghanistan, and the oil boom of recent years have greatly increased the strategic importance of resource-rich Central Asia, making an understanding of its economic--and therefore political--prospects more important than ever. In The Central Asian Economies Since Independence, Richard Pomfret provides a concise and up-to-date analysis of the huge changes undergone by the economies of Kazakhstan, the Kyrgy...