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.

Getting growth going has been rare in the developing world-since 1960 only nine developing countries have succeeded in sustaining high growth. The aim of Dictators, Democrats and Development in Southeast Asia is to examine how dictators and democrats in three of the nine fast growers -Indonesia, Malaysia and Thailand, hereafter IMT-built and sustained pro-growth political coalitions that enabled them to adopt policies that ushered in sustained high growth. The focus is on IMT because circa 1960 few thought the three were candidates for high growth and because the three have factor endowments, ethnic heterogeneity, and forms of governance that resemble the Rest. These similarities suggest the Rest may have much to learn from IMT. The focus is unabashedly on the politics of development in IMT because dictators and democrats in IMT built and sustained pro-growth political coalitions that enabled them to link their long term political survival with delivering development. How and why they did so should be of keen interest to the Rest. Because dictators and democrats in IMT were committed to capitalist, industrial and open economy development strategies but deeply suspicious of a laissez faire approach to development, none of the three ever adopted a Washington Consensus style growth strategy. While all three toyed with a Northeast style capitalist developmental state approach to growth, because governments in IMT lacked the political requisites to make this strategy work, none really stuck to this approach to growth either. Instead dictators and democrats in IMT implemented highly pragmatic growth and development strategies. When markets worked, governments used them. When interventions worked governments relied on them. When either failed to deliver expected results, governments weeded out bad investments to sustain high growth. Such a pragmatic, trial and error approach to development should also be of keen interest to the Rest.

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.

The degradation of our life-enhancing planet Earth has resulted in climate change, desertification, wild fires, livestock mortality, microbial ecosystem alteration, floods, extreme weather conditions, economic meltdown, poverty, resource conflicts, disease, death, and desperate migration from the most vulnerable regions. Africa, the world`s hottest continent, has deserts and drylands that cover about 60 percent of its land surface area and remains the most vulnerable continent to climate change. At the same time, Africa is the world's second most populous continent and is projected soon to be the most populous. Dr. Popoola's work highlights the uniqueness of Africa and the extent of its vulnerability to global climate change as well as its advantages and limitations in context of current mitigation and adaptation strategies. Africa and Climate Change is an indispensable guide to ensuring global food security, sustainable livelihoods, and ecosystem survival, not only in Africa, but in other less vulnerable continents.

Interculturality has been considered as a transversal pillar to deal with the cultural diversity around the world. However, the way in which NGO-led development interventions practice interculturality has received little attention from researchers focused on Peru. This research expands the conversation about how interculturality is practiced within NGO-led development projects using a case in the Andes as a fictional ethnography. The book touches on how silent racism is reproduced within development practice and calls for the re-politicization of interculturality. It targets three different groups. First, for academics and students focused on exploring the encounter between the Andean communities and the industry of development, and more broadly for those focused on how divergent ways of knowing interact in the context of a development intervention, the author highlights the usefulness of the methodological tool used in this research to explore the overlapping realities converged in such types of interventions. Second, for development practitioners promoting better ways to facilitate the political process of intercultural practice this book opens up a reflexive exploration of the barriers to unlock the potential of intercultural practices. Specifically, the author draws attention to built-in limits of a structure of development which may be unfitted to facilitate processes with the capacity to attend to the complicated ways target populations see their future. Third, for policymakers aiming to promote intercultural practices, this research provides insights about the hurdles of such an enterprise. It provides fresh empirical findings to look at how power structures shape intercultural practice.

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.

This volume aims to provide an understanding of the evolving aged care landscape in China; review international experiences in long-term care provision, financing, and quality assurance and assess their relevance to China; discuss implications of current developments and trends for the future of aged care in China; and propose policy options.

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.

This book is a sequel to the World Bank's World Development Report 2013: Jobs. The central message of that report was that job creation is at the heart of development. Jobs raise living standards and lift people out of poverty, they contribute to gains in aggregate productivity, and they may even foster social cohesion. In doing so, jobs may have spillovers beyond the private returns they offer to those who hold them. Poverty reduction is arguably a public good, making everybody better off; higher productivity spreads across co-workers, clusters, and cities; and social cohesion improves the outcomes of collective decision-making. But which jobs make the greatest contribution to development and what policies can facilitate the creation of more of these jobs? There is no universal answer - it depends on the country's level of development, demography, natural endowments, and institutions. This volume explores the diversity of jobs challenges and solutions through case studies of seven developing countries. These countries, drawn from four continents, represent seven different contexts - a small island nation (St. Lucia), a resource-rich country (Papua New Guinea), agrarian (Mozambique), urbanizing (Bangladesh), and formalizing (Mexico) economies, as well as young (Tunisia) and aging (Ukraine) populations. Using methods drawn from several branches of economics and the social sciences more broadly and analyzing a wide range of data, the authors show the different ways in which jobs have contributed to social and economic development in the countries they have studied and how they can contribute in the future. The policy priorities vary accordingly. They often extend well beyond traditional labor market instruments to include policy areas not typically considered in national growth strategies.

This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Detailed analyses of poverty and wellbeing in developing countries, based on household surveys, have been ongoing for more than three decades. The large majority of developing countries now regularly conduct a variety of household surveys, and the information base in developing countries with respect to poverty and wellbeing has improved dramatically. Nevertheless, appropriate measurement of poverty remains complex and controversial. This is particularly true in developing countries where (i) the stakes with respect to poverty reduction are high; (ii) the determinants of living standards are often volatile; and (iii) related information bases, while much improved, are often characterized by significant non-sample error. It also remains, to a surprisingly high degree, an activity undertaken by technical assistance personnel and consultants based in developed countries. This book seeks to enhance the transparency, replicability, and comparability of existing practice. In so doing, it also aims to significantly lower the barriers to entry to the conduct of rigorous poverty measurement and increase the participation of analysts from developing countries in their own poverty assessments. The book focuses on two domains: the measurement of absolute consumption poverty and a first order dominance approach to multidimensional welfare analysis. In each domain, it provides a series of flexible computer codes designed to facilitate analysis by allowing the analyst to start from a flexible and known base. The book volume covers the theoretical grounding for the code streams provided, a chapter on 'estimation in practice', a series of 11 case studies where the code streams are operationalized, as well as a synthesis, an extension to inequality, and a look forward.

Historically, entrepreneurs have always played a central role in the development of nation states. Aside from rentier states, which depend extensively on the availability of mineral resource rents, most economically prosperous nations in the world have strong, innovative and competitive business enterprises and entrepreneurs as the bedrock of their economic development and prosperity. It was arguably because of the above historical fact that the World Bank in 1989 declared that entrepreneurs will play a central role in transforming African economies. Chapters in this book contribute to our understanding of the theory, structure and practice of entrepreneurship in diverse African countries. Case studies examined include: African multinational banks and businesses, female entrepreneurs, culture and entrepreneurship, finance and entrepreneurship and SMEs. Contributors include: Akinyinka Akinyoade, Kenneth Amaeshi, Crescence Marie France Okah Atenga, Ton Dietz, Francoise Okah Efogo, Emiel L. Eijdenberg, Abel Ezeoha, Yagoub Ali Gangi, Miguel Heilbron, Uwafiokun Idemudia, Nsubili Isaga, Afam Ituma, Jane N. O. Khayesi, Rebecca I. Kiconco, Jerry Kolo, Peter Knorringa, Addisu Lashitew, Andre Leliveld, Marta Lindvert, Nnamdi Madichie, Hesham E. Mohamed, Knowledge C. Mpofu, Albogast Kilangi Musabila, Ayodeji Olukoju, Eunice Abam Quaye, Miriam Siun, Arthur Sserwanga, Rob van Tulder, Chibuike Uche and Jaap Voeten.

Having a grasp on what appeals to consumers and how consumers are making purchasing decisions is essential to the success of any organization that thrives by offering a product or service. Despite the importance of consumer knowledge and understanding, research-based insight into the buying patterns and consumption habits of individuals in emerging nations remains limited. The Handbook of Research on Consumerism and Buying Behavior in Developing Nations takes a critical look at the often overlooked opportunities available for driving consumer demand and interest in developing countries. Emphasizing the power of the consumer market in emerging economies and their overall role in the global market system, this edited volume features research-based perspectives on consumer perception, behavior, and relationship management across industries. This timely publication is an essential resource for marketing professionals, consumer researchers, international business strategists, scholars, and graduate-level students.

Though the history of hikes in petroleum prices began in 1973 when the military government of Gen. Yakubu Gowon increased the price of petrol to 9 kobo per litre from the equivalent of 8.8 kobo that had prevailed before then, the politics and economics of removal of subsidies on premium petroleum products entered into the national lexicon in 1986 when the military administration of General Ibrahim Babangida announced that due to the devaluation of the Naira, the domestic price of fuel had become unsustainable cheap and was becoming a burden on the national purse. Ever since, most regimes in the country have toyed with the idea of removing the subsidies, with organised labour and the civil society usually vehemently opposed to the idea. In late 2011 the Jonathan administration announced plans to completely remove the subsidies but gave no timeline amid threats by organised labour, students and civil society groups to stoutly resist the move. On January 1 2012, the regime announced the removal of the subsidies and subsequently reiterated that its decision on the issue was irreversible. It however announced some measures, including the provision of buses, to help cushion the impact of the move. This volume takes a critical look at the politics and economics of the pro- and anti-subsidisation lobbies. It also examines the likely economic and social impacts of the move and its implications for the poor, the overall economy and the country's democratic project. _____________________________ Jideofor Adibe has been a Guest research fellow in a number of institutions across the world including the Centre for Development Research, Copenhagen, Denmark; the Nordic Institute for African Studies, Uppsala, Sweden, the Centre for Developing Area Studies, McGill University, Montreal, Canada and the Institute for Commonwealth Studies, University of London, UK. He currently teaches political science at Nasarawa State University, Keffi and also writes a weekly column for the Nigerian newspaper Daily Trust. He is equally a member of the paper's Editorial Board. _________

The development of a green and sustainable economy continues to grow in awareness and popularity due to its promotion of a more comprehensive way of achieving economic development through social and environmental efficiency. Sustainable Technologies, Policies, and Constraints in the Green Economy carefully investigates the complex issues which surround the wide array of concepts, policies, and measures that come into play when promoting this somewhat new ideology. This publication covers over 50 years of research in the field in order to provide the best theoretical frameworks and empirical research to its readers. Professors, researchers, practitioners, and students will all benefit from the relevant discussions and diverse conclusions which are revealed in these chapters.

According to recent estimates, about 1.5 billion people are affected by the conflict and instability that characterize fragile states, defined as those that are unable to fulfill basic state functions. This volume of The ANNALS addresses the questions of why and how some states succeed in becoming more robust, and others do not. Paving new ground in theory development, the articles in this volume explore factors that contribute to institution-building in fragile states through comparative case studies. Such factors include the limits (and benefits) of domestic and foreign aid; the impact of a state's historical strength; the impact of colonial and postcolonial interventions; and the political economy incentives for political leaders to sustain state fragility. Overall, the studies illustrate that aid has both positive and negative effects on institution-building in fragile states. Aid has the potential to contribute to state robustness through changing incentives and shaping institutional structures directly. However, aid can also weaken states, depending on a state's domestic institutional legacy and political dynamics. The studies call for more research into theories of institution-building to further enhance those that have been discussed in this volume of The ANNALS.

Drawing the attention of tourists to different destinations around the world assists in the overall economic health of the targeted region by increasing revenue and attracting investment opportunities, as well as increasing cultural awareness of the area's population. Strategic Branding Methodologies and Theory for Tourist Attraction investigates international perspectives and promotional strategies in the topic area of place branding. Highlighting theoretical concepts and marketing techniques being utilized in the endorsement of various destinations, regions, and cities around the world, this publication is a pivotal reference source for researchers, practitioners, policy makers, students, and professionals.