Cover image for Economic reform in three giants : U.S. foreign policy and the USSR, China, and India


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HC336.26 .F45 1990 Adult Non-Fiction Central Closed Stacks

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Three of the largest and strategically most important nations in the world -the Soviet Union, China, and India - are currently in the throes of historic change. The reforms in the giants are transforming global economic and geopolitical relations. The United States must reexamine central tenets of its foreign policy if it is to seize the opportunities presented by these changes.This pathbreaking volume in the Overseas Development Council's series analyzes economic reform in the giants and its implications for U.S. foreign policy. Each of the giants is opening up its economy to foreign trade and investment. What consequences will this have for international trade? Each giant is attempting to catch up to global technological frontiers by absorbing foreign technologies: In what areas might cooperation enhance American interests, and in what areas must the U.S. protect its competitive and strategic assets? What role can key international economic institutions play to help integrate the giants into the international economy? The contributors suggest how U.S. foreign policy should anticipate these new circumstances in ways that enhance international cooperation and security.Contents: "Overview: Economic Reform in the Giants and U.S. Policy," by Richard E. Feinberg, John Echeverri-Gent, and Friedemann Miiller; "Economic Reform in the USSR," by Friedemann Miiller; "Economic Reform in China," by Rensselaer W. Lee III; "Economic Reform in India," by John Echeverri-Gent; "The Politics of Economic Reform in the Giants," by John Echeverri-Gent, and Friedemann Miiller; "Economic Reforms and International Trade," by Thomas Naylor; "Technology Transfer to the Giants: Opportunities and Challenges," by Richard P. Suttmeier; and "The Geopolitical Consequences of Reform in the Giants," by Elena Borisovna Arefieva.

Author Notes

Richard E. Feinberg is the vice president of the Overseas Development Council. From 1977 to 1979, Feinberg was the Latin American specialist on the policy planning staff of the U.S. Department of State. He has also served as an international economist in the U.S. Treasury Department and with the House Banking committee. He is also the adjunct professor of international finance at Georgetown University School of Foreign

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The authors investigate economic reform in the Soviet Union, China, and India, examining the impact of economic reform on each country's own political system as well as on the world's economic and political order. They argue that economic change creates opportunity for international trade, finance, and investment. Policy responses from the industrial countries are presented, particularly from the US and from international organizations (e.g., General Agreement on Tariffs and Trade, the International Monetary Fund, and the International Bank for Reconstruction and Development). For each of the "giants," the authors examine, inter alia, the pressures for reform, the political reform process and timetable, the obstacles to reform, the role of science and technology in increasing competitiveness, the changes in each country's foreign policies, and, last, the implications of these changes for US foreign policy. Suggested ways for the West to faciliate reforms abound. For upper-division and graduate collections. P. R. Kressler Glassboro State College