International Economic Cooperation

International Economic Cooperation makes available the proceedings of a conference organized by the NBER to investigate efforts to coordinate economic policy among the developed nations. Martin Feldstein, the volume editor, invited four academic economists to prepare nontechnical background papers on macroeconomic and exchange rate policy, international trade, and the developing country debt crisis. The volume presents those papers as well as the commentary they generated, including personal statements by individuals prominent in government and business and summaries of the discussion that followed the presentations. Contributors address the ways in which policy coordination has evolved to keep pace with the changing world economy, current problems and possibilities for international economic cooperation, and the prospects for and potential costs and benefits of increased cooperation in the future.