International trade investment, macro policies and history: essays in memory of Carlos F. Díaz Alejandro / edited by Pranab Bardhan, Albert Fishlow and Jere R. Behrman.

Preface, vii -- An appreciation / Charles P. Kindleberger, Carlos F. Diaz-Alejandro, 1 -- I. International trade and balance of payments -- Trade patterns in developing countries 1974-82 / F. Desmond McCarthy, Lance Taylor and Cyrus Talati, 5 -- The narrow moving band, the Dutch disease, and the competitive consequences of Mrs. Thatcher: Notes on trade in the presence of dynamic scale economies / Paúl Krugman, 41 -- Credit markets and patterns of international trade / Kenneth Kletzer and Pranab Bardhan, 57 -- Collapsing exchange rate regimes / Rudiger Dornbusch, 71 -- Balance of payments: A disequilibrium analysis for semi-industrialized economies / Persio Arida and Edmar Bacha, 85 -- Currency inconvertibility, trade taxes and smuggling / Jorge Braga de Macedo, 109 -- II. Foreign investment -- Quid pro quo foreign investment and welfare: A political-economy-theoretic model / Jagdish N. Bhagwati, Richard A. Brecher, Elias Dinopoulos and T.N. Srinivasan, 127 -- Racial discrimination, dualistic labor markets and foreign investment / Ronald Findlay and Mats Lundahl, 139 -- Labor market distortions, the structure of protection and direct foreign investment / Edward F. Bufíie, 149 -- III. The debt crisis -- Origins of the developing countries debt crisis: 1970 to 1982 / Anne O. Krueger, 165 -- Latin American debt and adjustment / Gustav Ranis, 189 -- Latin American development after the debt crisis / Alejandro Foxley, 201 -- IV. Stabilization and macroeconomic policies -- Déficits, debt and destabilization: The perversity of high interest rates / Samuel A. Morley and Albert Fishlow, 227 -- On the costs of temporary policy / Guillermo A. Calvo, 245 -- Financial crises and balance of payments crises: A simple model of the Southern Cone experience / Andrés Velasco, 263 -- The macroeconomic effect of import controls: A Keynesian analysis / José Antonio Ocampo, 285 -- Heterodox theory and policy; The Plan Austral in Argentina / Roberto Frenkel, 307 -- V. Economic history Financial deregulation and economic performance: An attempt to relate European financial history to current LDC issues / Charles P. Kindleberger, 339 -- Trends and cycles in the Peruvian economy / Rosemary Thorp, 355 -- Inflation and monetary stabilization in México during the Revolution / Enrique Cárdenas and Carlos Manns, 375 -- Investments in schooling in two generations m pre-revolutionary Nicaragua: The roles of family background and school supply / Jere R. Behrman and Barbara L. Wolfe, 421.