Background
Balassa, Bela was born on April 6, 1928 in Budapest, Hungary. Came to United States, 1957, naturalized, 1962. Son of George and Charlotte (Andreics) Balassa.
( First published in 1962, The Theory of Economic Integra...)
First published in 1962, The Theory of Economic Integration provides an excellent exposition of a complex and far-reaching topic. Professor Balassa has been remarkably successful in covering so much ground with such care and balance, in a treatment which is neither in any way abstruse nor unnecessarily technical. His book will interest economists in Europe by reason of its subject and treatment, but it is also a valuable and reliable textbook for students tackling integration as part of a course of International Economics and for those studying Public Finance. He distinguishes between the various forms of integration (free trade area, customs union, common market, economics union, and total integration). In addition, he applies the theoretical principles to current projects such as the European Common Market and Free Trade Area, and to Latin American integration projects. In offering this theoretical study, the author builds on the conclusions of other writers, but goes beyond this in providing a unifying framework for previous contributions and in exploring questions that in the past received little attention – in particular, the relationship between economic integration and growth (especially the interrelationship between market size and growth, and the implications of various factors for economic growth in an integrated area).
http://www.amazon.com/gp/product/0415681243/?tag=2022091-20
(First published in 1962, The Theory of Economic Integrati...)
First published in 1962, The Theory of Economic Integration provides an excellent exposition of a complex and far-reaching topic. Professor Balassa has been remarkably successful in covering so much ground with such care and balance, in a treatment which is neither in any way abstruse nor unnecessarily technical. His book will interest economists in Europe by reason of its subject and treatment, but it is also a valuable and reliable textbook for students tackling integration as part of a course of International Economics and for those studying Public Finance. He distinguishes between the various forms of integration (free trade area, customs union, common market, economics union, and total integration). In addition, he applies the theoretical principles to current projects such as the European Common Market and Free Trade Area, and to Latin American integration projects. In offering this theoretical study, the author builds on the conclusions of other writers, but goes beyond this in providing a unifying framework for previous contributions and in exploring questions that in the past received little attention - in particular, the relationship between economic integration and growth (especially the interrelationship between market size and growth, and the implications of various factors for economic growth in an integrated area).
http://www.amazon.com/gp/product/0043300065/?tag=2022091-20
(The book attempts to assist policy makers in developing c...)
The book attempts to assist policy makers in developing countries to cope with the challenges they face during the rest of the century and beyond. For this purpose, it provides information on the experience of developing, developed and socialist countries. The work is divided into seven parts which examine the effects of alternative development strategies in the developing countries and raise the question of whether external constraints would limit choices among these strategies. The essays also look at agriculture and its role in the growth process of developing countries and analyzes issues of privatization and the experience of Mexico, also evaluating the reform effects of two socialist countries, Hungary and China. The final section reviews issues relating to trade and trade negotiations between developed and developing countries.
http://www.amazon.com/gp/product/0814711286/?tag=2022091-20
Balassa, Bela was born on April 6, 1928 in Budapest, Hungary. Came to United States, 1957, naturalized, 1962. Son of George and Charlotte (Andreics) Balassa.
Diplomkaufmann, Academy Foreign Trade, Budapest, 1948. Doctor iuris rerumque Politicarum, University Budapest, 1951. Doctor of Philosophy in Economic, Yale, 1959.
Doctorate (honorary), University Paris, 1988. Doctorate (honorary), University Budapest, 1991.
Consultant, World Bank, Washington, District of Columbia, since 1961. Assistant Professor, Association Professor, Yale University, 1959-1967. Visiting Assistant Professor, University California Berkeley,
1961-1962.
Visiting Association Professor, Columbia University, 1963-1964. Professor Associé, University de Paris IX (Dauphine), 1971-1972. Professor Invité, Institute, Institution d’Etudes Political, Paris,
1983-1984.
Professor Invité, University de Paris 1 (Pantheon, Sorbonne), 1984. Professor Political Economics, Johns Hopkins University, 1967-. Editorial Boards, American Economic Review,
1973-1975, Pakistan Development Review, since 1975.
Association Editor, JInt E, Review of Economics and Statistics.
(The book attempts to assist policy makers in developing c...)
(The book aims to improve our understanding of the factors...)
( First published in 1962, The Theory of Economic Integra...)
(First published in 1962, The Theory of Economic Integrati...)
(Book by Balassa, Bela, Bueno, Gerardo M., Kuczynski, Pedr...)
(Book by Balassa, Bela, Noland, Marcus)
Author: The Hungarian Experience in Economic Planning, 1959, The Theory of Economic Integration, 1961, Trade Prospects for Developing Countries, 1964, Economic Development and Integration, 1965, Trade Liberalization among Industrial Countries: Objectives and Alternatives, 1967, Studies in Trade Liberalization, 1967, The Structure of Protection in Developing Countries, 1971, European Economic Integration, 1975, Policy Reform in Developing Countries, 1977, Industrial Development in Thailand, 1980, Development Strategies in Semi-Industrial Economies, 1982, The Newly-Industrializing Countries in the World Economy, 1981, Turkey: Industrialization and Trade Strategy, 1982. Morocco: Industrial Incentives and Export Promotion, 1984, Change and Challenge in the World Economy, 1985, Toward Renewed Economic Growth in Latin America, 1986, Adjusting to Success: Balance of Payments Policy in East Asia, 1987, Changing Trade Patterns in Manufactured Goods: An Econometric Investigation, 1988, Japan in the World Economy, 1988, New Directions in the World Economy, 1989, Comparative Advantage, Trade Policy and Economic Development, 1988, Economic Policies in Pacific Area Developing Countries, 1991. Contributing editor: Changing Patterns in Foreign Trade and Payments, 1964, 70, 77, Economic Progress, Private Values and Public Policy: Essays in Honor of William Fellner, 1977.
Economic Incentives, 1985.
Early work concerned the history of economic thought, in particular Karl Marx and J.
S. Mill. Introduced concept of success criteria for economic systems, including static efficiency, dynamic efficiency, rate of economic growth, consumer satisfaction, and income distribution. Subsequently suggested methods for measuring dynamic efficiency.
Study on Hungarian planning was followed by work on economic reforms in Hungary and China and comparative investigations of developed, developing, and socialist economies. Book on the theory of economic integration remains standard reference. It was followed by work on trade liberalisation and on the practical experience of integration schemes.
Introduced new methods to analyse trade creation and trade diversion and investigated the dynamic effects of integration.
Contributions to international economics included the development of new concepts, such as the effective rate of protection (simultaneously with H. G. Johnson and W. M. Corden), intraindustry vs. inter-industry specialisation, ‘revealed’ comparative advantage, and horizontal vs. vertical specialisation, as well as methods of analysis for the practical application of these concepts. Further developed the purchasing power parity doctrine and introduced the ‘stages’ approach to comparative advantage. Work on developing countries centred on policy choices.
I was an early proponent of outwardoriented policies, and introduced new methods of analysis for the study of external shocks and policy responses to these shocks. The application of theoretical principles to practical situations led to advising in a large number of developing countries over the last two decades. Among developed countries, concentrated on the French economy
and examined the economic consequence of social policies in Western Europe.
Member American Economic Association, Econometric Society, Royal Economic Society, Association Comparative Economic Studies (president 1979-1980), Hungarian Academy of Sciences.
Married Carol Ann Levy, June 12, 1960. Children: Mara, Gabor.