Critical Analysis Of International Debts On National Policies

Book Code: 1111016990982

Ashok M. Gadkari

ABOUT THE BOOK

The book has been classified in three main Parts

(1) Basic Theory of Economics which consists of definition and explanation of basic terms and concepts of economics, Market Mechanism of Adam Smith, Basic elements of demand and supply, elasticity of Demand & Supply, Classification of Competitive markets, International trade & International markets, Labour Productivity, Business Cycles of Kenyes theory etc. which consists about 70 pages.

(2) Economy of various countries (12 in number) which are developed, developing and under developed countries and critical observations on the present status of these economy which consists of about 300 pages.

(3) External & Public debt of various countries and critical observations on this issue.

I hope that the book will be useful for economic students and you as the general readers will also find it worth reading.

ABOUT THE AUTHOR

Author Mr. Ashok M. Gadkari who is BA (Economics), LL.B. Degree of University of Bombay and since he was working in the international Bank, he also is Certified Associate of Indian Institute of Bankers and also Associate of Institute of bankers, London.

Author joined the National & Grindlays Bank in December 1961, he assumed the responsibility as Head of foreign Exchange Dealing operations and Government Securities operations. He also worked as Chief Compliance Manager and handled Mutual Funds operations, Custodian operations, Credit operations and foreign exchange operations under Exchange Control Regulations. He also worked as Project manager for automating foreign exchange dealing operations and government securities dealing operations and installed both automated systems successfully. He was a Faculty member in International Training Centre of the Grindlays Bank and was doing auditing the foreign exchange dealing accounting operations of members participating in foreign exchange dealings Bourse Course. He also completed the Bourse Course successfully which is brain storming course for 45 days. He also made presentations on FCCL (Foreign Currency Ledger accounts) in Bourse and other international training courses.

He took voluntary retirement in December 1999. He then joined Times Bank in January 2000 as an Assistant Vice President and assumed the Mid Office responsibilities of foreign exchange dealing operations successfully. He was in Times Bank for about 15 months. Thereafter he was a Consultant in Thomas Cook for about 12 months to establish Mid Office of foreign exchange dealing operations. After retirement, he also did social work and worked since 2004 as Treasurer, Hon. Secretary and Chairman in CKP Samaj, Chembur/ Ghatkopar for last 15 years. He feels you will find the book interesting for knowledge and information.

CONTENTS

Forward .................................................................................................... ........ 7

PART- I

BASIC FUNDAMENTAL THEORY OF ECONOMICS

1. Economic Theory ................................................................................. 11

2. Basic Elements of Supply & Demand .................................................. 23

3. Elasticity and applications of demand & supply .................................. 31

4. Demand & Consumer Behaviour ......................................................... 37

5. Production, Business Organization and Production Costs & Ingredients of Labour Productivity ......................................... 41

6. Theory of Karl marx’s communism &Theory of liberalization adopted by democratic countries .......................................................... 47

7. Study and analysis of Economics ......................................................... 51

8. Market Mechanism .............................................................................. 55

9. Classification of competative markets into 5 categories ....................... 61

10. International Trade & International Markets ........................................ 67

11. Capital, Interest & Profits .................................................................... 73

12. Government control of the economy .................................................... 77

13. Effeciency or inequility; the big tradeoff sources of inequility ............. 79

PART- II

ECONOMY OF COUNTRIES WITH CRITICAL OBSERVATIONS

14. Economy of india ................................................................................. 83

15. Economy of the USA ......................................................................... 115

16. Economy of China ............................................................................. 139

17. Economy of Russian Soviet ............................................................... 165

18. Economy of Russia ............................................................................ 177

19. Economy of United Kingdom (U.K.) ................................................. 195

20. Economy of France ............................................................................ 219

21. Economy of Germany ........................................................................ 233

22. Economy of Japan .............................................................................. 249

23. Economy of Australia ......................................................................... 269

24. Economy of Argentina ....................................................................... 289

25. Economy of Mexico ........................................................................... 309

26. Economy of Venezuela ....................................................................... 331

PART- III

EXTERNAL DEBT AND PUBLIC SECTOR LOAN IN

LOCAL CURRENCY OF THE DIFFERENT COUNTRIES

Index .................................................................................................. 365