This title brings together the most significant modern contributions to the literature on globalization and inequality. The editor's selection, set in context by an authoritative introduction, uses broad analyses and important case studies to illustrate the impact on levels of inequality of previous periods of globalization and of the current era of globalization. The research review further focuses on the issues of openness and inequality, and concludes with several benchmark papers that examine global levels of inequality. This timely book will be an invaluable resource for anyone concerned with this vital relationship, including teachers, doctoral students and researchers.

'Today's questions regarding foreign aid centre around aid allocation dynamics, the impact on trade and growth for receivers as well as donors, and, quite frequently, on aid effectiveness. The inter-relationship between aid and politics are also topics of high interest. These are precisely the issues that the Handbook edited by B. Mak Arvin and Byron Lew deals with. In more than 30 contributions, some highly renowned development scholars use the theoretical state of the art combined with empirically based econometric approaches to analyse various issues in the foreign aid field. It is a great pleasure for science-oriented readers to find a wealth of findings derived from hard data and rigorous analytical methods. The book is an excellent contribution to the current foreign aid discussion.' - Siegfried Schoenherr, Ifo Institute for Economic Research, Germany 'A title like Handbook on the Economics of Foreign Aid is ambitious; it promises coverage of literature that spans from theory to empirics, from macro to micro levels of analysis, from positive to normative economics. This Handbook fulfills this ambition 100 percent. It will be the single place that people will go to get a state-of-the-art survey of a particular issue. Some chapters are written by established experts in the area, others by newcomers that bring a fresh view on the issues involved. All in all, a book that future researchers in foreign aid must consult.' - Pascalis Raimondos, Copenhagen Business School, Denmark It would be fair to say that foreign aid today is one of the most important factors in international relations and in the national economy of many countries - as well as one of the most researched fields in economics. Although much has been written on the subject of foreign aid, this book contributes by taking stock of knowledge in the field, with chapters summarizing long-standing debates as well as the latest advances. Several contributions provide new analytical insights or empirical evidence on different aspects of aid, including how aid may be linked to trade and the motives for aid giving. As a whole, the book demonstrates how researchers have dealt with increasingly complex issues over time - both theoretical and empirical - on the allocation, impact, and efficacy of aid, with aid policies placed at the center of the discussion. In addition to students, academics, researchers, and policymakers involved in development economics and foreign aid, this Handbook will appeal to all those interested in development issues and international policies. Contributors: E. Aguayo, E. Alvi, B.M. Arvin, S.A. Asongu, E. Bland, C. Boussalis, J. Brambila-Macias, S. Brown, R. Calleja, L. Chauvet, A. Das, H. Doucouliagos, V.Z. Eichenauer, G.S. Epstein, P. Exposito, S. Feeny, D. Fielding, I.N. Gang, F. Gibson, R. Gounder, P. Guillaumont, M.-C. Guisan, N. Hermes, P. Huhne, A.L. Islam, A. Isopi, S. Kablan, C. Kilby, A. Kumar, S. Lahiri, R. Lensink, B. Lew, I. Martinez-Zarzoso, I. Massa, G. Mavrotas, M. McGillivray, B. Meyer, K. Michaelowa, O. Morrissey, D. Mukherjee, P. Nunnenkamp, M. Paldam, C. Peiffer, R. Pradhan, M.G. Quibria, B. Reinsberg, D. Rowlands, M. Salois, J. Serieux, D. Sogge, S. Torrance, S. Tezanos Vazquez, L. Wagner

Principled Governance when Everything Matters is an essential handbook for Directors, Managers, Counsellors and Students, indeed for everyone challenged to answer the question: How do we get along? The democratic world has taken half a millennium to shift its governing principle from the power of might to the rule of law. Through centuries of errors (and trials), we have created a framework of regulation, accountability, and oversight, which, though now widely practiced, is still poorly understood. Principled Governance when Everything Matters is a guided tour of the field, led by an expert who spent three decades at boardroom and council tables, advising directors and managers in business and civil society. This accessible volume will be invaluable to all practioners providing context and analysis that will help them better understand their responsibilities and execute their duties. Principled Governance is based on David S. Fushtey's comprehensive academic text The Director and Manager: Law and Governance in a Digital Age - Machiavelli Had It Easy. That 1000-page volume has been reviewed and revised by a team of subject-area experts, who have drawn out the most useful, relevant - often crucial - lessons. The result is an engaging guide for students of business, civil society, and law, and for the continuing education of directors and the executives who advise them.

This pathbreaking book contributes to the discourse of evidence-based policy-making. It does so by combining the two issues of policy evaluation and sustainable development linking both to the policy-cycle. It covers contributions: - examining the perception of sustainability problems, which analyze the relationship between sustainability and assessment; - highlighting the role of evaluation and impact assessment studies during policy formulation; - looking at policy implementation by examining sustainability and impact assessment systems in different application areas; - addressing policy reformulation by considering monitoring and quality improvement schemes; - assessing the quality of sustainability evaluation studies. Providing theoretic insights, reflections and case studies, this novel study will prove essential to postgraduate students, practitioners, policy makers and researchers in the area of sustainable development, policy making and evaluation. Contributors: J. Bakkes, S. Boschen, K. Diehl, F.J. Dietz, I. de la Flor, C. George, A.H. Hanemaaijer, K. Helming, A. Hirschbeck, B. Hirschl, T. Kaphengst, C. Kirkpatrick, D. Knoblauch, J. Koniecki, M. Lehtonen, A. Martinuzzi, A.C.M. Meuwese, W. Meyer, A. Neumann, F. Rubik, R. Stecker, C. Stevens, R. Stockmann, K. Umpfenbach, A. von Raggamby, S. White, T. Widmer

Current social, economic, and environmental challenges presented by the United Nations' Sustainable Development Goals may be partially attained by digitalization and sustainable practices diffusion. The antecedents, occurrences, and consequences of this process are currently under investigation, but the big challenge is to get a systemic view. This book attempts to bring such a view into focus. Digital and Sustainable Transformations in a Post-COVID World is dedicated to studying the consequences of the global crisis caused by the COVID-19 pandemic and the new needs and practices inherent in developing and disseminating digital and clean technologies.

The Asia-Pacific Sustainable Development Journal (APSDJ) is a rebranded publication issued by the Economic and Social Commission for Asia and the Pacific (ESCAP). It builds on the success of two former ESCAP journals - the Asia-Pacific Population Journal (APPJ), launched in 1986, and the Asia-Pacific Development Journal (APDJ), launched in 1994. APSDJ us based on the recognition of the interconnected and multidisciplinary nature of sustainable development. Published biannually, it aims to stimulate debate and assist in the formulation of evidence-based policymaking in the Asia-Pacific region towards the implementation of the 2030 Agenda for Sustainable Development.

Puerto Rico is experiencing its deepest economic crisis since the first half of the twentieth century. The unique political and economic relationship between the US and Puerto Rico arguably plays a fundamental role in this crisis. With these in mind and given the imposition of the Financial Oversight Management Board by the US government, this book presents policy recommendations to help Puerto Rico achieve sustainable development. A set of partial equilibrium models are employed to study important industrial policy options and trade issues. This book also discusses the potential role of market-based environmental policies as well as issues of income convergence. The method of analysis to study the Puerto Rico-US relationship presented in this book is entirely new to the literature and the analysis of market-based environmental policy. The overarching result is that it is in the best interest of Puerto Rico and the US to set economic policies consistent with an equilibrium characterized by political independence (i.e., national sovereignty) for Puerto Rico. The potential for sustainable economic growth and development is latent in Puerto Rico's economy. But for factors of production to be used effectively and efficiently, Puerto Rico's economy requires access to international markets at sufficiently lower transaction costs, a condition consistent primarily in an equilibrium characterized by political independence. Access to international markets at sufficiently lower costs would help, inter alia, restore market credibility, regain access to credit markets at bearable costs and achieve important efficiency gains. This book argues that international trade ought to be at the center of development and growth policy. Importantly, it argues on the grounds of efficiency that not only is it in the best interest of the US to help Puerto Rico move gradually towards an equilibrium consistent with political independence, but that a statehood-like equilibrium is inefficient, particularly if a higher degree of access to global markets is at the center of policy formulation. I hope the discussion presented in this book signifies an important contribution to the policy debate in order to address Puerto Rico's economic challenges.

This book explores the interdependences of economic globalization, political tensions, and national policymaking whilst analysing opportunities for governance reform at both national and international levels. It considers how governance mechanisms can be fashioned in order to both exploit the opportunities of globalization and cope with the numerous potential conflicts and risks. The authors adopt a multidisciplinary approach based on various theories from economics, political science, sociology and law to provide new insights into globalization processes, their causes and effects and to further develop the understanding of, and interaction between globalization and governance. They underline the need to design innovative governance structures at national, regional, and global levels ? an unalterable precondition to overcome political, cultural, and distributional conflicts in a globalizing world. In conclusion, the book prescribes development strategies to successfully manage and overcome the political, cultural and distributional conflicts arising in a globalizing world.Highlighting the successes and failures of globalization, this challenging book will be warmly welcomed by scholars and researchers in various fields of economics including development economics, institutional economics, political economy, and the economics of transition. Those with an interest in regulation and governance, including policymakers and professionals in non-governmental organizations and development agencies will also find the book to be an invaluable tool.

China's transition from a planned economy to a market economy has succeeded in producing more than a decade of phenomenal growth. Whilst similar reforms in countries of Central and Eastern Europe and the former Soviet Union have seen an initial downturn in production, usually with a significant rise in unemployment, the success of the approach taken by China has been remarkable. However, China embarked upon the process, without a well-designed blueprint at the outset. The resulting piecemeal, partial, incremental, and often experimental approach has proved complicated to implement - requiring a complex melding of politics and economics, internal and foreign affairs, government and market. How the difficult task of balancing the diverse array of often competing concerns has been achieved is the subject of this book, which examines the dismantling of the centrally planned system and the mechanism of institutional change in Chinese transition.

Following rapid economic growth in recent decades, Asia and the Pacific experienced an impressive reduction in extreme poverty, but this drop was not uniform and achievements are still incomplete. Vulnerability to natural disasters, the increasing impact of climate change and economic crises should all be taken into account. There is also a need to consider the multidimensional nature of poverty and the non-uniformity of the decrease across different ethnic groups. This book explores the Asian 'poverty miracle' and argues for the development and use of an Asia-specific poverty line. This is a timely and multidimensional assessment of the much neglected issues of, and links between, poverty, vulnerability and ethnicity in Asia. It will be of great interest to lecturers and researchers of Asian development and economics, along with policymakers, public and private institutions, NGOs and international aid agencies. Contributors include: V. Berenger, S.R. Chakravarty, N. Chattopadhyay, T. Fujii, C. Gradin, L. Hohfeld, S. Klasen, J. Silber, H. Waibel, G. Wan

It has been suggested that national economic policies should focus on taxation to achieve social equity and interest rates for economic efficiency; wealth distribution can balance efficiency and equity through tax rates, interest rates, and exchange rates. Additionally, while the economic system seeks efficiency and the social system pursues equity, common interest modifications with elastic exchange and tax rates should be applied for balancing efficiency and equity. Wealth Expanding Theory Under the Principle of Efficiency-Equity Equilibrium is a comprehensive reference source that considers economic philosophy for extending economic cognition, balancing economic efficiency and social equity, and future interstellar economics. Covering key topics such as poverty, fiscal policy, and macroeconomics, this reference work is ideal for policymakers, government officials, business owners, economists, managers, researchers, scholars, academicians, practitioners, instructors, and students.

Most of the studies conducted to examine the growth performance of many developing economies are based on the traditional neoclassical growth frameworks. This book takes an alternative path. It employs a blend of historical, neoclassical, Kaldorian, and endogenous growth frameworks to shed further light on the growth process. Whereas most cross-sectional growth analyses tend to focus only on the steady state, this volume is one of the relative few that attempt to trace the whole growth path. In doing so, it addresses a number of important factors and issues associated with economic growth, and aims to answer to one of the hardest and most fundamental questions - how do we get poor developing countries on the path to sustained growth? This innovative book accumulates the various, and often conflicting, growth theories, which enable a greater understanding of the growth processes in the developing world. It will be of interest to students of development studies, Asia studies and public policy, as well as research scholars and practitioners, including government officials and policymakers.

Over the past two decades, China has become an economic powerhouse. However, as the world's largest producer of CO2 emissions, the scale and seriousness of China's environmental problems are clearly evident. This pioneering book provides an economic analysis of the significant environmental and energy problems facing China in the 21st century. Chinese Economic Development and the Environment measures productivity, taking into account energy resources and environmental attributes that are central to sustaining economies. Applying an integrated model of energy production, transformation and consumption processes, the authors investigate the underlying driving forces behind trends in CO2 emissions in relation to the total primary energy supply. Exploring the history and development of China's economic, energy and environmental policy, this book will strongly appeal to postgraduate students in economics and environmental studies. It will also be beneficial for practitioners and policy-makers interested in understanding how successful market and environmental policies can contribute to efficiency by encouraging, rather than inhibiting, technological innovation.

Countries that need industrial policy the most typically have the worst governance. This terrific book explicitly recognizes this difficulty, and provides a rich discussion of how it can be overcome. It presents a valuable series of country studies that focus on both successes (such as Ethiopian cut flowers) and failures (such as Namibia's export processing zones). The authors show that weak capacity is not necessarily a hindrance to effective industrial policy, just as strong capacity does not guarantee it.' - Dani Rodrik, Princeton University, US'This is the book our students have been waiting for.' - Hubert Schmitz, Institute of Development Studies and Founder of Sussex MA course Competing in the Global Economy 'A green transformation holds the potential to sustain a healthy planet where ecosystems are well-managed and human well-being is secured for future generations. This book makes a compelling case for the design of industrial policies that support a green economy. Being at the crossroads of their development pathways, developing countries have the unique opportunity to define their industrial policies in a resource-efficient, low-carbon and socially inclusive manner in the context of the Post-2015 Development Agenda.' - Achim Steiner, Executive Director of the United Nations Environment Programme (UNEP) Industrial Policy in Developing Countries offers an in-depth assessment of both the potentials and perils of designing and implementing policy in countries at early stages of economic development. The range of insightful case studies illustrates the key dilemma: directing economic and social development through what are often incipient and weak institutions. This realistic, evidence-based assessment will appeal to both development researchers and industrial policy practitioners, particularly those working in developing countries.

The main challenges the European Single Market is facing in the 21st century result from the enlargement to Central and Eastern Europe, the EMU, and the globalization of trade and investment that has aided the rise of competitive emerging markets. This state-of-the-art book provides fresh theoretical and empirical evidence on the challenges presented by integration and globalization for both developed and developing countries. The authors demonstrate how the European Single Market remains a work in progress with many critical issues still to be addressed. These include the rigidities in product and labor markets, the need for innovation and quality upgrading, and the rapid catch-up of new member countries. They go on to show how firms use the opportunities provided by integration and globalization to fragment their production processes internationally, which brings gains but also requires structural adjustment. The book also argues that global environmental coordination may be less detrimental to the growth prospects of developing countries than is commonly believed. Illustrating a number of methodologies, this book will be a great resource tool for postgraduates and undergraduates in the fields of international economics and business, as well as researchers and policy-makers.

This book is devoted to investigating the policy design and effectiveness of financial and market-based instruments to promote energy efficiency financing. The concept of this monograph is to present the latest results related to energy efficiency funding schemes, energy efficiency obligations, voluntary agreements, auction mechanisms, and Super Energy Services Companies (Super ESCOs) in major jurisdictions across the world. The book focuses on financial and market-based instruments as they deliver a price signal, which provides an incentive for firms to invest in innovation or implement more energy-efficient technologies and deliver energy savings while minimizing costs. Such instruments can have significant advantages for the government, supporting the fiscal sustainability of the government's energy efficiency efforts, requiring less enforcement than regulation and according the market flexibility to select the most cost-efficient technologies. This book is highly recommended to researchers, policy experts, and business specialists who seek an in-depth and up-to-date integrated overview of energy efficiency financing.

Sustainable and inclusive growth in emerging Asian economies requires high levels of public investment in areas such as infrastructure, education, health, and social services. The increasing complexity and regional diversity of these investment needs, together with the trend of democratization, has led to fiscal decentralization being implemented in many Asian economies. This book takes stock of some major issues regarding fiscal decentralization, including expenditure and revenue assignments, transfer programs, and the sustainability of local government finances, and develops important findings and policy recommendations. The book's expert contributors assess the current state of the allocation of expenditures and revenues between central and local governments in emerging Asian economies, and discuss their major strengths and weaknesses. They also present relevant case studies of experiences and reform measures related to strengthening and monitoring local government finance, including the implications of expanded fiscal capacity for infrastructure investment and other public spending. Covering the major Asian economies of the People's Republic of China, India, Indonesia, and Japan, among others, the book focuses on the economic incentives of transfer schemes, how intergovernmental fiscal equalization works, and how subnational government borrowing regulations could influence debt dynamics and the fiscal deficits of local governments. This book's insightful analysis will be essential reading for policymakers in Asian economies, and academics and researchers in the areas of economic development, public finance, and fiscal policy as well as development aid officials, multilateral banks, and NGOs. Contributors include: S. Barrios, S.-i. Bessho, P. Chakraborty, P. Das, Z. Fan, R.K. Goel, S. Li, D. Martinez-Lopez, J. Martinez-Vazquez, P.J. Morgan, A. Nasution, J.W. Saunoris, P. Smoke, L.Q. Trinh, V. Vulovic, G. Wan, N. Yoshino, Q. Zhang