Economists increasingly agree on the nature of the development and social policies needed to halve poverty over the next ten years. A similar convergence is nowhere in sight in the case of macroeconomic policies. Disagreements in this area remain significant, exacerbated by rising financial instability and a string of banking and currency crises that impacted negatively on poverty, growing macro imbalances in some industrialized countries and the rapid development of difficult-to-regulate international financial markets. This volume presents a pro-poor macroeconomic policy allowing countries to recapture policy space, help promote growth, reduce inequality and diminish poverty in a sustainable way.

The author focuses on the research-policy nexus in development studies, highlighting reciprocal orientations and interactions between the domains of social research and of policy and politics. He looks at instances where these domains are complementary and geared towards common objectives, but also with others marked by opposing rationales.

This book describes the principles of integrated assessment models (IAM) for climate change economics and introduces various computable models for different development mechanisms under climate change governance. The authors present several new models they have constructed based on the RICE framework, specifically the MRICES((multi-factor RICE)) and EMRICES models, which incorporate global economic interactions into the RICE framework, and the CINCIA model, which describes technological advances and industrial structure evolution, introducing the mechanism of evolutionary economics. The models discussed in the book help governments and policy-makers tackle climate change and take positive measures on climate governance as well as promote economic and social development to narrow the gaps between countries.

This book investigates whether legal reforms intended to create a market-friendly regulatory business environment have a positive impact on economic and financial outcomes. After conducting a critical review of the legal origins literature, the authors first analyze the evolution of legal rules and regulations during the last decade (2006-2014). For that purpose, the book uses legal/regulatory indicators from the World Bank's Doing Business Project (2015). The findings indicate that countries have actively reformed their legal systems during this period, particularly French civil law countries. A process of convergence in the evolution of legal rules and regulations is observed: countries starting in 2006 in a lower position have improved more than countries with better initial scores. Also, French civil law countries have reformed their legal systems to a larger extent than common law countries and, consequently, have improved more in the majority of the Doing Business indicators used. Second, the authors estimate fixed-effects panel regressions to analyze the relationship between changes in legal rules and regulations and changes in the real economy. The findings point to a lack of systematic effects of legal rules and regulations on economic and financial outcomes. This result stands in contrast to the widespread belief that reforms aiming to strengthen investor and creditor rights (and other market-friendly policies) systematically lead to better economic and financial outcomes.

There are many challenges facing the economies of developing countries. Capital volatility, financial crises, aid, debt and the IMF are all issues that have received a great deal of attention over recent years. In International Finance and the Developing Economies, Graham Bird provides an essentially non-technical discussion of these issues, examining the underlying political economy and discussing the policy alternatives that are available.

"International experts evaluate new policy directions in economic development and poverty reduction, building on the ideas of a pioneer in the new discipline of Development Studies, Frances Stewart. Combing ideas and evidence on technological change, human development and conflict prevention to address the issue of the persistence of inequality"--

This book provides detailed insights into how space and its applications are, and can be, used to support the development of the full range and diversity of African societies, as encapsulated in the African Union's Agenda 2063. Like previous books in the "Southern Space Studies" series, it focuses on the role of space in supporting the UN Sustainable Development Goals in Africa, but it covers an even more extensive array of relevant and timely topics addressing all facets of African development. It demonstrates that, while great achievements have been made in recent years in terms of economic and social development, which has lifted many of Africa's people out of poverty, there is still much that needs to be done to fulfill the basic needs of Africa's citizens and afford them the dignity they deserve: to this end space is already being employed in diverse fields of human endeavor to serve Africa's goals for its future, but there is much room for further incorporation of space systems and data. Providing a comprehensive overview of the role space is playing in achieving Africa's developmental aspirations, the book is of great interest to both students and professionals in fields such as space studies, international relations, governance, social and rural development, and many others.

Singapore, South Korea and Taiwan - East Asia's newly industrialised economies (the NIE-3) - experienced a profound development transformation over recent decades. Christopher Dent makes a comparative study of their foreign economic policies, highlighting how the NIE-3 have engaged with the international economic system in an increasingly dynamic way. The book develops a new macro-framework of foreign economic policy analysis that provides the structure for this study. The author argues that the 'development context' of the NIE-3's foreign economic policies is grounded in their common development statism and semi-peripheralisation. He further contends that it is the pursuit of economic security that primarily motivates their respective foreign economic policies. This new conceptualisation of economic security in the context of foreign economic policy will appeal to academics, researchers and students in wide range of disciplines including: Asian studies, international relations, international political economy, economics and politics.

This book offers a comprehensive comparative perspective on the increasingly significant development cooperation activities of the BRICS. Providing a powerful set of insights into the drivers for engagement within each country, it brings together leading experts from Brazil, Russia, India, China, South Africa and OECD countries. The authors review the empirical evidence for the BRICS' modes of development cooperation and their geographical reach, and explore the historical background and patterns of international development engagement of each country. They also present a cutting-edge analysis of the broader geopolitical shifts, distinctive ideologies and normative discourses that are influencing and informing their engagement in increasingly ambitious joint projects such as the New Development Bank. This collection is essential reading for anyone seeking to understand the rapidly changing landscape of international development.

This book provides a comparative study of the telecommunication reform process in three Central American countries - Costa Rica, Guatemala and Honduras - focusing on the roles of the local private sector and international financial institutions. By addressing the following questions, the book aims to understand the potential for the emergence of an autonomous and inclusive regulatory state: * What has been the main driving force behind the wave of privatizations in Latin America? * What has been the role of the international financial institutions (IFIs)? * What kind of state emerges after privatization and regulatory reform? * Why does privatization remain so unpopular? The author discusses the historical role of telecommunications in state power, the sources of proposed, failed and implemented reforms, and the political processes determining their destiny. Benedicte Bull concludes that the reform processes in the three countries show significant variation. This is accounted for - not by the different relationship to the IFIs, but by the different relationships between the state and the private sector. The impact of this on the reform process is also the key to understanding the state's capacity for post-reform regulation and the unpopularity of privatization. Academics and students with an interest in Latin American studies, international political economy, comparative politics and development studies will find this book of great appeal.

The research papers and cases in The Changing Dynamics of International Business in Africa provide multi-disciplinary insights on the opportunities and challenges of doing business in Africa, as well as on the changing competitive dynamics in the region, as Western, BRIC and African multinationals intensify their fight for market dominance.

This volume reviews Africa's past experiences of social policy, with an eye on the future. Contributions examine a range of social policy issues around health care, education, the labour market and social welfare, and highlight important conceptual and policy issues for rebuilding Africa. What stands out from these studies is how well the post-colonial nationalist leaders understood the positive links between social policy and economic development, and the significance of economic and social policy for nation building.

Trade Makes States highlights how trade and the circulation of goods are central to Somali societies, economies and politics. Drawing on multi-site research from across East Africa's Somali-inhabited economic space--which includes areas of Kenya, Djibouti, Uganda and Ethiopia--this volume highlights the interconnection between trade and state-building after state collapse. It scrutinises the 'politics of circulation' between competing public administrations, which seek to generate revenue and to control infrastructures along major trade corridors. Connecting classic debates on state formation with recent scholarship on logistics and cross-border trading, Trade Makes States argues that the facilitation and capture of commodity flows have been instrumental in making and unmaking states across the Somali territories. Aspiring state-builders are thus confronted with the challenge of governing the flow of goods in order to rule over lands and peoples. The contributors to this volume draw attention to the ingenuities of transnational Somali markets, which often appear to be self-governed. Their dynamism and everyday administration by a host of actors provide important insights into contemporary state formation on the margins of global supply-chain capitalism.

ICTs in Developing Countries is a collection of conceptual and empirical works on the adoption and impacts of ICT use in developing societies. Bringing together a wide range of disciplines and contributors, it offers a rich examination of digital divide and ICT for development both in terms of contextual information and disciplinary perspectives.

Why are poor countries poor? How can they get out of the poverty trap?
Sir Arthur Lewis (1915-1991) was the first person to answer these questions in a systematic way. But he was much more than this; he was also the first Afro-Caribbean to be a professor at a British university, and the first black man to win the Nobel Prize for Economics. He had to fight against prejudice, in a way which for us, the best part of a century later, is hard to imagine.
Lewis was also more than an academic economist. He believed 'that economics 'concerns life more than numbers', and wrote in a simple style, accessible to all. In Africa, the West Indies and Moss Side (Manchester) in the 1950s and early 1960s, side by side with his academic work, he was also working as an activist to try and achieve a fair deal for the poor. But those attempts ended in frustration, and he was astonished to be awarded the Nobel Prize, in 1979, when he thought he had been forgotten.
Barbara Ingham and Paul Mosley's biography describes the man, and the social relationships, behind these astonishing achievements. Although Lewis liked to present himself as a rational individualist who worked his way up by himself, both the ladders he managed to climb, and the snakes he often slipped down, cannot be understood without considering Lewis' friendships, rivalries and the structures of the societies in which he attempted, sometimes happily and sometimes disastrously, to intervene.

This book analyzes the development path of transition economies in European Countries and former Soviet Republics that have experienced the transformation from planned economies to market economies since the fall of the Berlin wall in 1989. It examines economic growth, institutional change and human development performance.

This book argues that Russia has struggled under autocratic power and that this continues to affect economic development today. A 'cult of power' has underpinned legal nihilism, distrust, secrecy and aversion to transparency and accountability. Informal institutions are more important than formal institutions, and influence macroeconomic development. Property and power are merged while property rights are weakly developed. Russia does not only face market failure, but also hierarchy and network failure. A system of values and social practices, with deep historic roots, constitutes perhaps the most formidable obstacle to social and economic development.
By exploring the operating mechanisms of the Russian economy in a comparative perspective, and with fascinating insights into how a socio-economic infrastructure has been created which continues to exert an influence on modern-day Russia and limits its development, this book is an essential read for all interested in the Russian economy and modern Russian history.

Economic Development, Inequality and War shows how economic decline, income inequality, pervasive rent seeking by ruling elites, political authoritarianism, military centrality and competition for mineral exports contribute to war and humanitarian emergencies. Economic regress and political decay bring about relative deprivation, perception by social groups of injustice arising from a growing discrepancy between what they expect and get. Nafziger and Auvinen indicate that both economic greed and social grievances drive contemporary civil wars. Finally, the authors also identify policies for preventing humanitarian emergencies.

There are substantial opportunities and risks in establishing a successful business in developing countries. Financial and economic risks of doing business with developing countries, manifested in World Debt Crisis, require careful examination before a business venture is attempted. The book provides thorough historical information about LDCs' economies and causes of their indebtedness. The most recent data regarding economic performance, indebtedness, and infrastructure, of LDCs are presented as well. The book should prove useful to those considering business in developing countries and to scholars studying economic development and international business and finance.

Written without an extensive use of sophisticated models and jargon, the book is accessible to both academic and nonacademic readers. The book consists of four parts. The first part focuses on defining LDCs and analyzing their stages of economic development. The second part presents two background chapters to aid the reader to put LDCs into an economic and historical context. Part III examines the World Debt Crisis and its effects on developing countries and implications for business in these countries. The final part of the book develops a strategic planning model to assist businesses in deciding whether to do business in indebted LDCs and once the decision is made to guide implementation of business plans. Infrastructure is critical to the success of prospective business enterprise. An appendix presents the most recent and detailed information about infrastructure in LDCs along with an index developed to serve as a quantitative guide to the availability of infrastructure. The book also contains appendices that present detailed data on relevant financial and economic variables in developing countries and an annotated bibliography.

Latin American and Caribbean countries are the most urban in the developing world and have very high home ownership rates. Many cities in the region also show high average family incomes for developing world standards. However, despite these accomplishments, many of the region's inhabitants are still poorly housed. Of the 124 million families living in the region's cities, five million rely on another family for shelter; three million live in houses that are beyond repair; and a remaining 31 million live in houses that lack either title, water, sewerage, adequate flooring, or sufficient space. Most of these dwellings and many more otherwise satisfactory homes are located in neighborhoods that lack many basic urban amenities. This book looks at both the determinants and consequences of these poor housing outcomes. Housing and neighborhood conditions strongly influence health, nutrition, education, and environmental outcomes, along with access to economic opportunities and vulnerability to social ills. The book examines, with new data sources and rigorous analytical methods presented in an accessible way, the three main related factors usually identified as key determinants of the region's poor housing outcomes: high housing prices relative to family income, lack of access to mortgage credit, and high land prices. The book also looks at the role of government policies and regulations as well as public housing programs, both at the local and federal level, in shaping housing outcomes in the region.

Recent developments in economics have gone from the recognition of the importance of innovation for growth and the exploration of innovation mechanisms to the incorporation of the results of the previous research into economic models. An important lesson to be drawn from all this research is that a purely macro-based analysis of growth is not enough. The various mechanisms of innovation creation and diffusion, the importance of agent heterogeneity, of market selection processes, of the internal organization of the firm and of organizational routines, and the obsolescence and the consequent emergence of new types of capital goods are a few examples of micro-economic phenomena that contribute decisively to macro-economic development. The papers in this volume approach those issues from a Schumpeterian point of view and tackle issues like the growing importance of knowledge and human capital; increasing returns and path dependence; the role of variety in economic growth; competition and industry evolution.

This book examines how Japan should cope with fiscal challenges, as demands on the budget from an ageing society have necessitated the reigning in of public debt and the revamp of the pension and healthcare systems. It combines insights from academic research with the views of policymakers to distil key issues that need to inform public debate.

Today, the role of emerging countries in the world economy is significant. However, the financial sector has experienced a decade of turbulence and as a result emerging markets are facing unique challenges. Moreover, the integration of emerging markets into the global financial markets has significant consequences for the growth and stability of the economy and sets new challenges for economic policy-makers. The biggest challenge is in finding ways to sustain their current trajectory and in taking a more decisive role in shaping the global financial architecture to ensure sustainable growth. They need to ensure a collective prudential system can be built in the near future to withstand the difficult challenges ahead.
"Emerging Markets and Financial Resilience" brings together the latest research on the most pressing issues affecting finance in emerging markets. Written in five parts, the book includes newly emerging research topics in finance such as the role of social capital and natural resource in financial market development; and socially responsible investing funds in East Asian emerging markets. It also presents new empirical evidence on established research topics such as portfolio management, international parities, foreign direct investment, momentum anomalies and corporate finance. "Emerging Markets and Financial Resilience" is an ideal resource for researchers, postgraduate students, practitioners and regulators interested in Asia as an emerging market.

This text explores the rise of consumerism and the expanding variety of goods available in Japan. Japan is placed within the comparative context of the 'consumer revolution' in Europe and North America, contributing to the analysis of the ways in which consumption and everyday life change in the course of economic development.