This book examines the application of risk-sharing finance as a national economic policy in history and how it stimulated economic recovery during a short period in Germany between 1933 and 1935. Economic history indicates that risk-sharing instruments have promoted socio-economic development in many parts of the world while risk-shifting methods have imposed huge socio-economic costs on many nations, leading to debt slavery on individual members. This book highlights lessons to be learned from history and argues that risk-sharing is a powerful tool for generating rapid economic recovery and resumption of growth.

By analyzing the status quo of the industrial economy, this book argues that the economic growth in China's industrial economy will continue to decline, with industries becoming segmented more rapidly, profitability slumping, and economic structures being adjusted further. It also provides policy recommendations to promote the healthy development of China's industrial economy. Using a wealth of data and figures, it assesses the state of China's industrial economy in 2015 and the prospects for 2016. The perspective of this book is, of course, a Chinese one, thus helping readers to grasp what and how Chinese people think about their country's industrial economy. As such, it not only represents a valuable resource for academic studies, but will also appeal to all readers with an interest in the aspects discussed.

This book is the culmination of a lifetime of research into Chinese development, situated in a global historical context. The author explores the irreplaceable role of state capacity, state-owned-enterprises and five-year plan in China's transformation from an agricultural state to an industrial state and then to the world's economic powerhouse, as well as the remarkable achievements of social policy to reduce the rural-urban gap and regional gap. This book will be of interest to China scholars, development economists, political activists, and general readers who would like to know more about China's growth miracle.

The Arab region has become a hotbed of economic growth in recent decades. While this growth has indisputably brought in wealth, there are still countless questions about the characteristics, constraints, and implications of the region's systems of innovation. Do these systems even exist in the Arab region? How does the current economic structure affect regional innovation? Is the presence of natural resources a help or a hindrance? Economic Systems of Innovation in the Arab Region discusses the causes, consequences, and implications of poor systems of innovation in the Middle East and North Africa. By examining the comparative weakness of innovation, the economic structure, and the diversity of the region, Nour shows that the development of Arab regional systems of innovation is contingent upon the development of adequate economic policies and incentives in the area. Her contribution is key for students and scholars of economics, innovation, and international relations.

Before the interstates, Main Street America was the small town's commercial spine and served as the linchpin for community social solidarity. Yet, during the past three decades, a series of economic downturns has left many of the great small cities barely viable. American Hometown Renewal is the first book to combine administrative, budgetary, and economic analysis to examine the economic and fiscal plight currently facing America's small towns. Featuring a blend of theory, applications, and case studies, it provides a comprehensive, single-source textbook covering the key issues facing small town officials in today's uncertain economy. Written by a former public manager, university professor, and consultant to numerous small towns in the Heartland, this book demonstrates the ways in which contemporary small towns throughout the nation are facing economic challenges brought about by the financial shocks that began in 2008. Each chapter explores a theme related to small town revival and provides a related tool or technique to enable small town officials to meet the challenges of the 21st Century. Encouraging local small town officials to look at the economic orbit of communities in a similar manner as a town's budget or a family's personal wealth, examining its specific competitive advantages in terms of relative assets to those of competing communities, this book provides the reader with step-by-step instructions on how to conduct an asset inventory and apply key asset tools to devise a strategy for overcoming the challenges and constraints imposed upon spatially-fixed communities. American Hometown Renewal is an essential primer for students studying city management, economic community development, and city planning, and will be a trusted handbook for city managers, geographers, city planners, urban or rural sociologists, political scientists, and regional microeconomists.

Is the 'natural resource curse' destiny? Are different ways to link natural resources and economic development? Using two particular regions as case studies, this edited collection examines the divergent development paths of natural resource rich countries over the past two centuries. Bolivia, Chile and Peru are neighbour states with a common history and are globally known by their mining endowments. Norway and Sweden have also a strong common history, and different natural resource endowments (forestry, mining and fishing) are essential to understand their current economic success. By comparing natural resource management in the long run in these two divergent regions, this book can help rethink how developing countries can better take advantage of their natural resource endowments. Specifically, the book examines the interaction between natural resources and different key determinants of long-term development: trade, fiscal policy, sustainability, human capital accumulation and business strategies.

This book is a spin-off from an award-winning published dissertation microfilmed and recorded into ProQuest, EBSCOhost, and Thomson Gale PowerSearch electronic libraries worldwide. Informative materials in this phenomenological qualitative study supported and complemented through quantitative analyses are also accessible in the library of the United States Congress. Pedagogically, this book enhances and contributes to scholarly knowledge. Doctoral learners or students obtaining their terminal degrees will find this book helpful. Various theories were conceptualized from over 12, 000 literature materials garnered and collated from electronic libraries. Starting from germinal socioeconomic theories-Adam Smith invisible hand theory (1776/1776b), Ricardo (1964) substitution theory, and seminar stakeholders' theories were conceptualized and expounded in alignment with how affordable housing affects middle-income population in Abuja, Nigeria. Within the context of this book, middle income population was nebulously defined; however, research shows that the lack of affordable housing affects middle income earners worldwide. How technological situational happenstances are imperatively, significantly, and inextricably intertwined with the real estate industry is congruently explained. Effective and efficient communication, management, leadership, infrastructures, and economic variables are at the core of affordable housing in Abuja. Literature review used in conceptualizing and crafting this book illuminates the need for stakeholders to be engaged collaboratively, synergistically, and seamlessly in filling the gap that will result in affordable housing in Abuja. The stakeholders' engagement infilling the housing gap could be horizontal or vertical. Stakeholders are the governmental agencies, financial institutions and the private sector. The collaborative efforts of the stakeholders and its significance to leadership remain the centerpiece of this book. Corresponding efforts of the stakeholders internally and externally in filling the housing gap in the sub-Saharan African cities are equally advocated. Housing in Sub-Saharan African Cities published 2007 in the United States remain a bestseller that supports and complements this current book.

This edited volume examines the challenges of globalization in light of the need to revisit and reconceptualize the notion of Pan-Africanism. The first part of the book examines globalization and Africa's socioeconomic and political development in this century by using the Diopian Pluridisciplinary Methodology. This approach is imperative because the challenges faced by Africa vis-a-vis globalization and socioeconomic development are so multiplexed that no single disciplinary approach can adequately analyze them and yield substantive policy recommendations. The chapters in the second part analyze the imperatives for Africa's global knowledge production, development, and economic transformation in the face of the pressures of globalization. Part two demonstrates an urgent need for Africa's significant participation in the global knowledge economy in order to meet the continent's modern transformation and development aspirations. The final part examines lessons from old and new Pan-Africanism and how they can be utilized to deal with the challenges emanating from the forces of modern globalization. With its multidisciplinary approach to a wide range of pressing, modern issues for the African content, this book is essential reading for scholars across the social sciences interested in where Africa is now and where it should go in this increasingly globalized world.

A role model for late industrializing countries, Taiwan provides unique and interesting development lessons for third world countries. Once a poverty-stricken, resource-poor, technologically backward nation, Taiwan has become the hub of a global production network in many high tech industries with increasing significance in the world economy. In ten outstanding essays, written by highly respected economists, this book analyzes Taiwan's postwar economic development path, providing a valuable case study of its structural transformation from a labor-intensive to a technology-intensive economy.

The book addresses three major topics. First it recaptures the lessons of Taiwan's experience. Then it considers the role of foreign investment on structural transformation and globalization. Finally, it examines Taiwan's economy in a global perspective, evaluating its role in the world market from the past to the future and its evolution from a colony to a newly industrialized country.

Economic development may be seen from many different points of view: in terms of history, theory or empirical generalization. The Political Economy of Development draws these points of view together as it explores the practice of economic development itself and considers the issues that arise in attempting to devise development strategies for developing countries and to implement them. The term 'political economy' highlights the fact that economics cannot be conducted in isolation, and always has to be related to the political and social setting of the countries with which it is concerned. The Political Economy of Development foregrounds the political context of development in its study of applied economics.

At a time when governments and civil society organizations are putting ever-greater stock in social innovation as a route to transformation, understanding what characterizes social innovation with transformative potential is important. Exciting and promising ideas seem to die out as often as they take flight, and market mechanisms, which go a long way towards contributing to successful technical innovations, play an insignificant role in social innovations. The cases in this book explore the evolution of successful social innovation through time, from the ideas which catalyzed social and system entrepreneurs to create new processes, platforms, projects, and programs to fundamental social shifts in culture, economics, laws, and policies which occurred as a result. In doing so, the authors shed light on how to recognize transformative potential in the early stage innovations we see today. This comparison of multiple historical cases across problem domains creates a map of social innovation over time - shifting our thinking on both current issues and established programmes. From the American national parks and the joint stock company to the intelligence test and the financial derivatives that led to the 2008 crash, this book acts as a useful reflection and a cautionary tale, looking back to gain insight and inform the vibrant discussion of social innovation's future. This book pushes theoretical and methodological boundaries of the field through approachable narratives, making it an ideal resource for social innovation students, scholars, instructors, and practitioners. Contributors include: E. Alexiuk, N. Antadze, J. Blacklock, S. Geobey, D. McCarthy, K. McGowan, M.-L. Moore, P. Olsson, O. Tjornbo, F. Westley

Currently, works on poverty constitute only a small part of contemporary economic research; however, the field of poverty and deprivation is undoubtedly one rising in popularity and relevance. Encompassing chapters that address both unidimensional and multidimensional poverty, this timely Research Handbook explores all aspects of poverty and deprivation measurement, not only detailing broad issues but also scrutinising specific domains and aspects of poverty, such as health, energy and housing. Succinct and highly focused, it brings together a diverse range of authors to employ a combination of theoretical and empirical methodologies to offer well-rounded explorations of complex topics. Expansive in scope, the Research Handbook includes case studies that examine poverty across the globe, with a particular focus on covering Africa, China, India and Latin America, producing a comprehensive, rigorous and interdisciplinary resource. The Research Handbook will be an invaluable resource for not only economics researchers and graduate students but also policy makers dealing with issues related to poverty and deprivation. Chapters are designed to provide the reader with foundational knowledge of a topic that they can subsequently deepen by exploring the cited literature.

Terutomo Ozawa introduces a newly reformulated theory of 'flying-geese' economic development, exploring Asia's dynamic growth and financial development. This unique book shows how the flying-geese theory can be expanded and applied to both the real- and the financial-sector structural transformation of regionally clustered economies. The author explores an array of concepts - from the ladder of economic development and hegemon-led growth clustering, through 'stages jumbling', to comparative advantage recycling and the Ricardo-Hicksian limits of industrialism - which together help bring an understanding of the dynamics of tandem growth and regional agglomeration in Asia. The book also investigates the causal mechanisms of structural upgrading and emphasizes the critical role of multinational corporations. Throughout this wide-reaching analysis, Terutomo Ozawa advocates a 'flying-geese' way of thinking-that is, to think of Asia's phenomenal growth in hierarchical, dialectical, and evolutionary terms. In a new era of rapid globalization and rising economic nationalism, this timely and insightful book will appeal strongly to scholars and students of international business, economics, political science, and international relations. Those specializing on Asia will find it of particular value.

This book investigates how strategic marketing is influencing organizations' innovation performance. It presents a structured study conducted on micro, small and medium enterprises (MSMEs) to identify the correlation between innovation and strategic marketing in both Indian manufacturing and service organizations. Strategic marketing, which achieves excellence in organizations, is at the heart of improving productivity, profitability and market sustainability, while also supplying organizations a much sought-after competitive advantage. It has been observed that strategic marketing can significantly help any manufacturing firm to attain the required level of growth, and can specifically be used by Indian firms as a means of deriving differential advantages. Indian organizations that pursue more traditional approaches to strategy are now feeling the intense market pressure to modify their policy with respect to quality. The result has been a shift to 'Strategy with Innovation'. As market competition has again increased, providing quality products and services alone is no longer sufficient; companies are additionally expected to provide products with a touch of innovation to attract customers. This calls for innovation in terms of products, processes, technologies, systems and practically every other area of an organization, which can only be achieved by combining strategies and innovation. This book identifies the variables of strategic marketing that can help companies significantly boost their innovation performance, making it a valuable resource for students, researchers, professionals and policymakers alike.

Explores popular economic development strategies in midsize Canadian urban areas. Roads to Prosperity: Economic Development Lessons from Midsize Canadian Cities explores the relative prosperity of midsize Canadian urban areas (population 50,000 to 400,000) over the past two decades. Communities throughout North America have strived for decades to maintain and enhance the prosperity of their residents. In the areas that are the focus of this research, the results of these efforts have been mixed-some communities have been relatively successful while others have fallen further behind the national averages. Midsize cities often lack the resources, both internal and external, to sustain and enhance their prosperity. Policies and strategies that have been successful in larger urban areas may be less effective (or unaffordable) in smaller ones. Roads to Prosperity first examines the economic structure of forty-two Canadian urban regions that fall within the midsize range to determine the economic specializations that characterize these communities and to trace how these specializations have evolved over the time period between 1991 and 2011. While urban areas with an economic base of natural resource or manufacturing industries tend to retain this economic function over the years, communities that rely on the service industries have been much more likely to experience some degree of restructuring in their economies over the past twenty years. The second part of the book looks at a number of currently popular economic development strategies as they have been applied to midsize urban areas and their success and failures. While there appears to be no single economic development strategy that will lead to greater prosperity for every community, Sands and Reese explore the various factors that help explain why some work and others don't.

With the goal of perfecting the national governance system and raising the country's governance capability, this book systematically analyzes the characteristics and trajectory of China's economic expansion and structural adjustment, while also assessing a variety of short-term debt and long-term economic performance and financial risks. In addition to discussing the market-oriented reform process at the stage of economic development, institutional and structural characteristics, it presents research on the country as a whole, its residents, non-financial corporations, financial institutions and central banks, the central government, local government, and other external sectors. On the basis of extensive data, the book analyzes the national and sectoral balance sheets in China and explores a number of major issues the country is currently facing, such as sustainable development, government restructuring, local debt, welfare reform, openness and stability of the financial system, etc., as well as suitable policy measures and institutional arrangements for addressing them.

Seavoy insists that development economics is a failed discipline because it does not recognize the revolutionary difference between subsistence and commercial social values. Seavoy demonstrates that commercial labor norms are essential for producing assured food surpluses in all crop years and an assured food surplus is essential for sustaining the development process. The commercialization of food production is a political process, as in the term political economy. If peasants have a choice, they will not voluntarily perform commercial labor norms. Central governments must overcome peasant resistance to performing commercial labor norms by various forms of coercion. The most historically effective coercions are deprivation of peasant control of land use by foreclosure and eviction for excessive subsistence debts. Landless peasants are forced to become supervised paid laborers. Coercion is most effective when it is linked to money rewards for peasants who voluntarily transform themselves into yeomen cultivators or farmers. These commercially motivated cultivators and storekeepers become the resident commercializing agents in peasant villages who administer the central government's coercive and inducement policies. Based on extensive examples and field observation, this book is designed for use in courses that explore problems of economic development. Scholars and government policy makers will find the analysis equally provocative.

While oil price fluctuations in the past can be explained by pure supply factors, this book argues that it is monetary policy that plays a significant role in setting global oil prices. It is a key factor often neglected in much of the earlier literature on the determinants of asset prices, including oil prices. However, this book presents a framework for modeling oil prices while incorporating monetary policy. It also provides a complete theoretical basis of the determinants of crude oil prices and the transmission channels of oil shocks to the economy. Moreover, using several up-to-date surveys and examples from the real world, this book gives insight into the empirical side of energy economics. The empirical studies offer explanations for the impact of monetary policy on crude oil prices in different periods including during the subprime mortgage crisis of 2008-2009, the impact of oil price variations on developed and emerging economies, the effectiveness of monetary policy in the Japanese economy incorporating energy prices, and the macroeconomic impacts of oil price movements in trade-linked cases. This must-know information on energy economics is presented in a reader-friendly format without being overloaded with excessive and complicated calculations. enUsed="false" QFormat="true" Name="Subtle Emphasis"/>

The development of sustainable agricultural systems is an imperative aspect of any country, but particularly in the context of developing countries. Lack of progress in these initiatives can have negative effects on the nation as a whole. Agricultural Development and Food Security in Developing Nations is a pivotal reference source for the latest scholarly material on promoting advancements in agricultural systems and food security in developing economies. Highlighting impacts on citizens, as well as on political and social environments of a country, this book is ideally designed for students, professionals, policy makers, researchers, and practitioners interested in recent developments in the areas of agriculture.

This book uses sound theoretical frameworks and econometric techniques to rigorously analyze and explain the conditions of sustainable growth in agriculture. It further investigates how management of natural resources and technological advances can enhance productivity and ensure sustainable growth in agriculture. Optimal control theory, dynamic optimization problems and theory of risk and uncertainty are extensively used to create theoretical models for analyzing agricultural growth. The results demonstrate that crop diversification, rainwater harvesting and the use of organic fertilizers can ensure growth in agriculture from a dynamic perspective. Further, they show how excessive depletion of ground water, intensive farming and overuse of chemicals in connection with the adoption of modern technology in agriculture have placed tremendous strains on natural resources like land and water, and have called into question the sustainability of growth in the farming sector.

This book provides a history of the WTO US-EU banana dispute through the lens of a major actor: the US-owned multinational firm, Chiquita Brands International. It documents and explains how Chiquita succeeded in having the Clinton administration pursue a trade policy of forcing the European Union to dismantle its preferential banana import regime for exports from the small English-speaking Caribbean (ESC) countries. The export of bananas was critically important to the social stability and economic viability of these countries and that was in the national security interest of the United States. The experience indicates that succeeding in this goal was detrimental to U.S. national security interest in the Caribbean.

Foreword by Prof. Kaushik Basu This book traces the development experience of one of India's most dynamic and prosperous states, Punjab, which has provided the country with a much-needed degree of food security. The relative regression of Punjab's economy in the post-economic reforms period and slow current economic growth give cause for concern. The contributions in this book address the question of why the structural transformation of Punjab's economy has fallen into the middle-income trap. Each investigates the policy constraints influencing the relative stagnation of the economy and suggests appropriate measures for alleviating them. By integrating theoretical constructs and new evidence, the authoritative contributions diagnose the nature of the current problems and offer practical solutions. They cover important issues such as the crisis of agrarian transition, agrarian markets and distributive justice, employment growth and transition to non-agriculture sectors, fiscal policy, external factors in economic transformation, and perspectives on rejuvenating the state's economy.