HARRY BLOCH is Professor of Economics at Curtin University of Technology, Perth, Australia. His research interest is in industrial economics, with particular emphasis on pricing, the dynamics of competition and the role of international trade. He has published widely in leading economic journals. - PETER KENYON is Professor of Economics and Director, Institute for Research into International Competitiveness at Curtin University of Technology, Perth. He is also currently Survey Editor of the Economic Record, the Melbourne Institute of Applied Economic and Social Research at the University of Melbourne and the Centre for Labour Market Research.

• Acknowledgements List of Contributors PART I: PRELIMINARIES Introduction; H.Bloch & P.Kenyon The Meaning and Measurement of International Competitiveness; H.Bloch & P.Kenyon Developing ICOM: An Index of International Competitiveness; J.H.Gapinski PART II: MARKET INSTITUTIONS IN A GLOBAL ECONOMY The Labour Market and International Competitiveness; P.Dawkins & P.Kenyon Sectoral Mobility in UK and US Labour Markets; D.Greenaway, R.Upward & P.Wright Market Power and Foreign Trade: Implications for Competition Policy; H.Bloch Investment, Imports and Productivity Growth in the US Cement Industry; D.Prentice PART III: GOVERNMENT POLICY IN A GLOBAL ECONOMY Trade and Communication; D.Lamberton Economic Integration and Regional Policy Cooperation; J.Petchey & P.Shapiro Inside Australia's Contingent Protection Black Box; D.Feaver & K.Wilson PART IV: INTERNATIONAL COMPARISON OF ECONOMIC PERFORMANCE Export-Led Growth in Asia: Long-Run Relationships and Structural Change; P.M.Summers Foreign Direct Investment and Economic Growth in LDCs: Some Further Evidence; V.N.Balasubramanyam, M.Salisu & D.Sapsford The International Diffusion of Technology: Technological Catch-up and Economic Growth; M.Rogers Transaction Efficiency in New Zealand and Australia, 1961-96; T.Hazledine Index