In this third edition the authors have revised and updated their popular textbook to take into account the new government as well as to examine recent changes in government policy, the law, union and management together with their effects upon pay and productivity, the nature and scope of collective bargaining and Britain's strike record. An analysis of developments in the European Union is also included.

First published in 1996. Routledge is an imprint of Taylor & Francis, an informa company.

This book reviews the historical evolution of U.S. monetary policy, and then uses various methods such as mathematical models and econometric analysis to study the impact of U.S. monetary policy adjustments on the domestic economy and the spillover effects on the world economy. Finally, it summarizes the challenges faced by the Chinese economy in the post financial crisis era and proposes relevant countermeasures and suggestions for China to respond to U.S. monetary policy adjustments.