This book provides new insights into the performance of key economies in the Asia-Pacific region during the last three decades. It critically examines productivity growth, factor accumulation and economic efficiency at both the macro and micro levels. The authors use a variety of empirical techniques to measure the sources of economic growth in Hong Kong, Singapore, Taiwan, Korea, Japan, Malaysia, Thailand and China. The techniques employed range from traditional growth accounting to econometric frontier estimation and data envelopment analysis. As a comparison to the Asia-Pacific region, the growth experiences of G7 and 18 OECD countries are analyzed. The authors consider, among other issues, the influential role of trade in the region, macroeconomic management, income, capital, labor productivity, technology and investment. This innovative new book will be of interest to students and scholars of growth economics, public policy and Asian studies.

This book provides an account of economic development in Palanpur, a village in rural North India, based on five detailed surveys of the village over the period 1957 to 1993. These five decades have seen economic well-being rise in some important respects, but stagnation and even decline in other areas. The analysis presented here focuses on the reasons behind this uneven progress. The authors tie in the background issues of the evolution of poverty and inequality and mobility over time with causal factors such as technological progress, demographic and sectoral changes, the operation of markets, and the role of public action. The richness and unique nature of the qualitative and quantitative data collected and presented by Lanjouw and Stern yields an analysis which illuminates questions of direct importance to researchers in a wide variety of disciplines.

Luxury products are now seen by a growing number of global consumers as an important and more widely available way of expressing personal aspirations and values. Most consumers of luxury products and services use them as status symbols and symbols of success. However, the definition of success - and the way it is perceived by others - is changing. Many of these successful consumers now want the brands they use to reflect their concerns and aspirations. Such products come with a heavy social and environmental cost. Sustainable luxury is about rediscovering the old meaning of luxury - a considered purchase of a beautifully crafted object with built-in social and environmental value. The social entrepreneurs documented in this book highlight the relationship between personal values and sustainability, entrepreneurship and innovation in developing and marketing luxury products. The pioneers outline how they have developed inclusive supply chains with poor and vulnerable communities. Their stories prove that luxury need not be a destructive force. Instead, this book opens a window on a world where entrepreneurial pioneers can change the rules of the game.

Regions are increasingly recognised as a key aspect of economic change in Europe, not merely as geographic spaces but also as social systems. Their history, culture, institutions and patterns of leadership mould the way in which they adapt to European and global competitive challenges. This book reviews the debate surrounding the construction of regions and presents eight case studies to illustrate how they are shaped and reshaped in a variety of different ways. The authors find that while some regions exhibit common patterns, there are significant variations, indicating that there is no definitive model of regional development. This book offers a systematic comparison of eight distinct regions and stateless nations, each with its own historical identity, but which is constantly being rebuilt in changing economic and political conditions. Avoiding economic or cultural determinism, the authors show how region-builders can shape their own responses to global challenges to produce models of development reflecting differing understandings and social compromises. Culture, Institutions and Economic Development will be warmly welcomed by academics within the fields of regional studies, European studies and political science.

This groundbreaking book is the first comparative analysis of the relative strengths of global bioregions. Growth Cultures investigates the rapidly growing phenomena of biotechnology and sets this study within a knowledge economy context. Philip Cooke proposes a new knowledge-focused theoretical framework, 'the New Global Bioeconomy', against which to test empirical characteristics of biotechnology. In this timely volume, Cooke unifies concepts from the sociology of science, economic sociology and evolutionary economic geography to focus on the problems and prospects for policy agencies worldwide trying to build 'biotechnology clusters'. He develops a superior policy approach of thinking in terms of platforms that integrate proximities and pipelines, which will be of significant interest for the scientific and technological communities as well as economic development policy communities. Growth Cultures will make fascinating reading for students, policy makers and researchers across management and business studies, innovation and knowledge studies, sociology, science and technology policy, applied economics, development studies and regional science.

This is an open access title available under the terms of a CC BY-NC-ND 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. WIDER The World Institute for Development Economics Research, established in 1984, started work in Helsinki in 1985, with the financial support of the Government of Finland. The principal purpose of the Institute is to help identify and meet the need for policy-oriented socio-economic research on pressing global and development problems and their inter-relationships. WIDER's research projects are grouped into three main themes: hunger and poverty; money, finance, and trade; and development and technological transformation. Volume II deals with famine prevention, paying particular attention to sub-Saharan Africa. The topics covered include: the problems of early warning and early action; the politics of famine prevention; the influence of market responses; the role of cash support and employment provision in protecting threatened food entitlements; and long-term issues of reduction of famine vulnerability. In addition to general analyses, the book contains a number of case studies of failures and successes in famine prevention, both in South Asia and in sub-Saharan Africa.

Summarizes the great achievements and shortcomings of China's reform and opening-up over the past 40 years Analyzes the changes in China's economic structure from 1953 to 2016 and those in the livelihood of the Chinese people from 1978-2016 Introduces the differences between the economic development of China and that of the world's major economies from 1960 to 2016 Analyzes the evolution, status quo and causes of the income distribution pattern of Chinese residents over the past 40 years Analyzes the changes in China's education level and residents' health level in the past 70 years and their impact on China's economy

Combining remarkable economic transition and dynamic growth, China may well have the most fascinating economy in the world. Over the period of economic reform China has moved from an administered labour system towards the creation of a labour market. The scale of this transformation, involving new economic incentives, vast labour migration, draconian retrenchment of state workers, and sharply rising wage inequality, is unprecedented in world history. The authors draw on more than a decade of their research to document and analyse this process. The book uses the rigorous analysis and empirical methodology of modern economics. Much of the evidence used is survey-based but a systematic approach is adopted: economic and sociological theory, institutional analysis and political economy are also used to explain the causes, pressures, obstacles and consequences of the move towards a labour market. It is argued that much progress has been made towards the creation of a labour market but that the process is far from complete. This is reflected in the growing importance of productivity to wages, on the one hand, and the growing wage segmentation across regions and firms, on the other. The underlying policy issue is the tension and trade-off between efficiency and equity objectives, stressed throughout the book. Because the subject is of such importance and general interest, the book is written for development economists, labour economists, and transition economists as well as for China specialists.

The liberalization of the Turkish economy is a key factor affecting Turkey's application to join the European Union. This book examines the impact of economic liberalization in Turkey and Turkey's approach to the elimination of barriers to trade. It focuses on the liberalization of trade in Turkey's agricultural and industrial commodities sector and key services such as telecommunications, electricity, natural gas, banking and transport. The chapters include thorough discussions on WTO and EU approaches for the elimination of barriers to trade, international and EU rules and regulations in the various service sectors, and the methods for estimating the tariff equivalents of barriers to trade in the different service sectors as well as methods for estimating the benefits of liberalization of services for Turkey. The experience of Turkey, its approach to liberalization and its measures to eliminate barriers to trade serve as a useful model for other neighboring countries of the European Union.

This text is concerned with strategy and tactics for directing that small slice of world income into filling the gap. This must be done country by country, on the initiative of each country's government: with the maximum involvement of its own civil society, and with the rich world also making a contribution. To add momentum, the international community needs to adopt targets far more specific than the fifty percent extreme 'poverty reduction' of the first Millennium Development Goal.

First published in 1975, this book traces the origins of our modern economy, showing the routes by which nations have either achieved wealth or have been impoverished. W. W. Rostow brings together issues of public policy, international trade and the world of science and technology, arguing that conventional economic thought has failed to relate scientific innovation to the economic process. Chapters consider the politics of modernization, the Commercial Revolution and the development of the world economy between 1783 and 1820.

Allying and expanding the diverse fields of entrepreneurship and sustainable development research is a modern day imperative. The Handbook of Entrepreneurship and Sustainable Development Research cuts through the different approaches and perspectives of the two fields to point the way ahead for research on sustainable entrepreneurship, outlining the motivation, intentions and impact of ecopreneurs in a local, national and global context. This Handbook paints an illuminating picture of the historic and current understanding of the bond between entrepreneurship and sustainable development. The authors explore the basic contradictions between the two fields and outline the transformative role entrepreneurship can play in achieving sustainable development. 45 expert researchers and their research communities from 16 countries across Europe, Africa, Australia and North America provide original and informative contributions on a variety of issues, from women s empowerment to climate change and organic farmers to ecotourism. With current and authoritative contributions spanning the globe, this Handbook will inspire researchers, teachers and policy-makers to compose their own understanding and contribution on the fast expanding field of entrepreneurship and sustainable development. Contributors: S. Avdeitchikova, F.-M. Belz, K. Berglund, J. Binder, T. Bjerregaard, O. Branzei, B. Cannatelli, T. Ceranic, L. Coenen, M. Dejardin, S. Delgado Calderon, J. Delgado-Ceballos, S. Farny, R. Feola, L.M. Ferri, V. Ferron-Vilchez, S. Gomez-Haro, F. Gribaa, B. Johannisson, A.W. Johansson, G. Keremane, R. Klapper, P. Kyroe, J. Lauring, J. McKay, K. Messeghem, M. Molteni, I. Montiel, J. Nizet, R. Parente, M. Pedrini, K. Poldner, T. Roolaht, E. Rosell, B. Schwartz, M. Sciarelli, E. Sundin, R. Stenberg, M. Tani, M. Tillmar, J.M.de la Toree-Ruiz, A. Tounes, P. Upham, D. Van Dam, Z. Wu

Blue Ocean Strategy, the #1 global bestseller, forever changed how the world thinks about strategy. Now W. Chan Kim and Renee Mauborgne offer up a bold, new idea that will transform how we all think about innovation. Disruption dominates innovation theory and practice. But disruption is destructive-displacing jobs, companies, and even entire industries. Are we missing better, and even bigger, opportunities to innovate and grow? With three decades of research, the number one global-bestselling authors of Blue Ocean Strategy W. Chan Kim and Renee Mauborgne reveal another way to innovate and grow-nondisruptive creation. Just as Blue Ocean Strategy redefined the essence of strategy as creating not competing, Beyond Disruption redefines and expands the existing view of innovation by introducing a new approach-nondisruptive creation-that is free from the destructive displacement that happens when innovators set out to disrupt. Kim and Mauborgne reveal the distinct advantages of nondisruptive creation to business and society, showing how this bold, new approach to innovation allows companies to grow while also being a force for good. With examples that cut across all sectors of the economy and a practical framework for guiding innovation efforts, this book shows: Why nondisruptive creation matters to all of us and why it's about to become a lot more important in the future How to create innovation strategies that trigger nondisruptive creation instead of disruption How to identify and execute on nondisruptive opportunities How companies can more thoughtfully pursue their growth and innovation strategies in a way that better balances business and society A practical guide for driving innovation and growth, the rich research behind the book coupled with its frame-breaking message make it the must-read book for the next generation of innovators who want to do well and do good.

Life on Earth for humanity and our ecosystems is at a point of great change. There is much to be learnt about previous great disruptions. The key words are *adaptation* and *transformation*. Most international companies operate across multiple social and environmental geographies, so they know this intellectual and practical landscape. And for many governments the challenges of social and environmental justice are also paramount - not least because equitable societies are best for business, and best for human well-being. The Necessary Transition addresses the many transitions taking place around the world: from high- to low-carbon economies, from gross inequality to egalitarianism, from massive human rights abuses to socially just societies, and from high corruption to societies with high social cohesion and integrity. The book brings together leading international researchers and practitioners to share their knowledge and expertise, and offers answers to many of the pressing questions that must be addressed in the journey towards a sustainable enterprise economy - an absolutely necessary transition for humanity. Contributors include: Sara Parkin, Founder-Director and Trustee of the UK's Forum for the Future; Bill Champion, Managing Director, Rio Tinto Coal Australia; and Mark Swilling, co-author of "Just Transitions" and Academic Director of the Sustainability Institute, South Africa. The key question is: "Is a transition to a sustainable future possible within the logic of conventional capitalism and 20th-century models of development?" This book provides radical perspectives from varying entry points and is essential reading for academics and practitioners interested in how we plan, speed and scale such necessary transitions.

This book analyses the progress and failures of capitalist development against the backdrop of an increasingly globalised world economy organised on neoliberal principles. It brings together eminent writers on the political economy of international development such as Kari Polanyi-Levitt, Norman Girvan, Osvaldo Sunkel, Paul Bowles, Manfred Bienefeld and Walden Bellos, to examine from a critical perspective the contemporary dynamics of a system in crisis--issues of capitalist development and globalization within the neoliberal world order. The essays, written in tribute to Surendra Patel for his contribution to the field of development studies, cover subjects including the financial crisis of 2008, the regional dynamics of neoliberal globalization, democracy and development, the political economy of natural resource extraction, and the formation of a postneoliberal state oriented towards a new economic model. Drawing on an analysis of the development process in the Caribbean, Latin America, Africa and the Philippines, it considers the historical foundations that impact on economic growth and technological transformation, and evaluates the relationship between capital and the state, and the role of NGOs and social movements in the context of the debate on neoliberal globalization. Development in an Era of Neoliberal Globalization will be of interest to students and scholars of international politics and economic development, the political economy of globalisation, the sociology and politics of development, and developments in Latin America and the Caribbean.

This book describes and explains the remarkably large rural-urban divide in economic well-being that exists in China, tracing the root causes, present effects, and future implications for the increasingly marketized Chinese economy. It uses the rigorous analysis and empirical methodology of modern economics. Primarily aimed at a broad readership of development and transition economists, China specialists will also find much that is of interest.

Following the eight year rule of Idi Amin, then several years of war and civil war, the Ugandan economy was in ruins by the time peace was restored in 1986. Since then Uganda has consistently been one of the fastest growing economies in Africa, leading to a substantial reduction in poverty. Its economic success has attracted considerable attention and has arguably had more influence on development thinking and on the international aid architecture than any other country. The HIPC debt relief initiative, the Paris Declaration on Aid Effectiveness, and the growth of budget support have all been strongly influenced by Ugandan experience and thinking. Ugandan innovations such as poverty reduction strategies, public expenditure tracking surveys, and virtual poverty funds have been widely adopted elsewhere.
Most of the reforms which transformed the economy originated within the Uganda government during the 1990s, rather than being imposed through donor conditionality. In this book, for the first time many of the architects of those reforms give their personal accounts of the thinking behind the reforms, how they were implemented, and their impact. Since measures that work well in one environment may fail when transplanted to a different environment, the authors identify factors that were critical to the success of Uganda's reforms. While a number of individual reforms have been the subject of academic study, this book represents the first consolidated account of the economic reforms undertaken by the Uganda government and their impact on growth and poverty reduction.

Since the dawn of the industrial revolution, and the ushering in of an era of global economic relations, the United States and Europe have been the core poles of economic power. However, China along with India are increasingly challenging the traditional economic hegemony. An issue of great importance is how this shift in the global economic balance of power will affect developing economies and the transition economies of the Greater Mekong Subregion (GMS), which are located in China's backyard and deeply integrated into its economy through regional supply chains. This volume examines the relationship between transition economies and the rise of China through presenting empirical case studies from the GMS. In doing so, it offers insights into the effect of China on developing countries in general, and offers practical policy directions for the place-specific economies of the GMS.

This concise book, by one of the leading scholars in development economics, has been developed from a series of lectures given to masters students and will serve as an excellent introduction to the principles of growth and development theory. The author presents conventional wisdom with a critical eye and charts development economics as it has evolved from Adam Smith to 'new' or endogenous growth theory. Thirlwall is critical of the latter, and its predecessor neo-classical growth theory, and tries to put back demand as a driving force in growth theory. He argues that in an open developing economy one of the major constraints is the availability of foreign exchange to pay for imports, so that export growth which relaxes a balance of payments constraint on demand becomes a crucial determinant of overall growth performance. Demand creating its own supply in a growth context, rather than the pre-Keynesian view of supply creating its own demand, provides an alternative framework to the neo-classical one for understanding the differential growth performance of nations. This highly original book will be essential reading for all students and scholars of development and growth economics.

Despite the unprecedented gravity of the challenges posed by global warming, most political systems have not given them the required priority. The oil industry has resisted, and many countries have taken only token measures to reduce emissions and mitigate the worst effects. In this context, this book examines the progressive options available to today's developing countries as they face the limitations of neoliberalism and the existential challenge of global warming. Examining the cases of both low-income fossil fuel-dependent economies and large middle-income economies, this book argues that for all developing economies the best way forward includes 'green' macroeconomic policies articulated with progressive industrial and social policies, thus allowing these countries to achieve economic diversification, build alternative drivers of growth, and deliver improvements in the distribution of income, wealth and power. There is urgent need for this progressive policy agenda - grounded on heterodox economics, committed to social integration and the reduction of multiple inequalities - to improve the economic outcomes for these countries, improve the lives of citizens and meet global climate targets. The book argues that capitalism challenges the possibility of free and dignified existence while climate change challenges the possibility of life itself, and that these challenges must be confronted together. Since neoliberal capitalism will not adopt the necessary policies to reduce carbon emissions rapidly, it must be overthrown - not only for ethical or logical reasons, or to shift to better arrangements for the functioning of society, but in order to preserve the conditions for life itself. This agenda for progressive economic development is essential reading for anyone interested in heterodox economics, development studies, international politics, international relations and sustainable business.

This volume examines how joint ventures work in practice. Drawing on extensive personal experience and using case study examples where appropriate, the author analyses the various stages, discusses the problems of partner selection, implementation and control and points out the various benefits and pitfalls. He draws out the implications for improving practice and discusses how the experience of joint ventures affects the theory of the multinational enterprise.

Is the transnational coporation (TNC) an engine of growth capable of eliminating international economic inequalities or a major obstacle to development through a massive drain of surplus to advanced countries? This book presents five different perspectives on the role of TNCs: Neo-Classical Global Reach Neo-Imperialist Neo-Fundamentalist Internationalization of capital The author looks at their effect on local labour and capital, and considers the future prospects for TNC involvement in the Third World. The book provides an excellent comparative analysis of TNCs and will appeal to students in development studies and international economics.