Growth and development in the global economy pt. 1. The process of change pt. 2. Production pricing and wages in domestic markets pt. 3. Determinants of economic growth and volatility pt. 4. Policy making in the global economy What are the forces behind the increasing globalization of economic life How does globalization affect the functioning of national economies What difficulties confront government policymakers in dealing with the global economy These issues are addressed in this volume by leading specialists. The contributors present a range of unique and varied perspectives from which they consider aspects of the increasing integration of economic life exploring implications for the functioning of domestic markets in a rapidly changing global economy. The result is a collection of insights that provide a framework for understanding globalization as an economic phenomenon