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Books > Business & Economics > Economics > Economic forecasting
The Kyrgyz Republic has overcome some complex challenges to now
have one of the most open economies in Central Asia. The country
has improved its per capita income and living standards and is on
the threshold of becoming a lower-middle-income economy. Looking
ahead, the main challenge for the Kyrgyz Republic is to build on
these successes to stimulate stronger, more broad-based economic
growth. This book identifies the economic and governance reforms
needed within key sectors to drive this growth. It provides policy
suggestions to enhance the country's trade, agriculture, tourism,
finance, information and communications technology, energy,
transport and logistics, and human capital.
The concepts of statistical physics and big data play an important
role in the evidence-based analysis and interpretation of
macroeconomic principles. The techniques of complex networks, big
data, and statistical physics are useful to understand theories of
economic systems, and the authors have applied these to understand
the intricacies of complex macroeconomic problems. Recent research
work using tools and techniques of big data, statistical physics,
complex networks, and statistical science is covered, and basic
graph algorithms and statistical measures of complex networks are
described. The application of big data and statistical physics
tools to assess price dynamics, inflation, systemic risks, and
productivity is discussed. Chapter-end summary and numerical
problems are provided to reinforce understanding of concepts.
This is the true story about the future that few visionaries have
the knowledge necessary to put together. In order to drive the
development of technology and sustainability forward there will be
a need for considerable investment and collective action. The need
to drive large-scale development and transformation activity is
usually overlooked when experts in narrow fields project present
trends into the future. The foundation of our future has been laid,
or maybe not, by past decisions and activities, or lack thereof, by
politicians and their voters. The enemy has already been identified
and many of us know that is it us, but few ofour leaders have a
picture of the path forward that needs to be taken in order to
create the future that many people already see as inevitable. We
try to contribute on the basis of different pictures of how the
future might be created, but large-scale changes cannot be achieved
through small-scale activities. It took 400,000 Americans and
almost ten years to send three men to the moon in 1969. The
following facts may be noted: the transformation to electric
mobility is still in its infancy; less than one per cent of cars
are electric and the growth is very slow in most countries.
Artificial intelligence is also at an early stage of development
and the technologies necessary in order to make Industry 4.0 a
reality are still too expensive to be applied on a large scale and
by most companies. The same is true for the principles of the
circular economy. So far mostly low-hanging fruit have been picked
and the principles have not been developed to a point where they
can be universally applied. In order to create the future that many
already see as inevitable there is a need for substantial
investment and even larger transformation programmes. If existing
generations want to experience it, instead of something much worse,
we need to get our act together and approach transformation in a
systematic manner. This book presents a well-founded argument about
the remedies of contemporary societal challenges, and offers a much
needed, sobered-uplook at the complex endeavors that lie ahead.
Larsson's book disentangles intricate concepts connected to
technology, business, industry and society, and does it free from
the jargon and romanticizing we often encounter in everyday
conversation. - Professor Thomas Kalling at Lund University School
of Economics & Management.
Smart Economic Decision-Making in a Complex World is a fresh and
reality-based perspective on decision-making with significant
implications for analysis, self-understanding and policy. The book
examines the conditions under which smart people generate outcomes
that improve their place of work, their household and society.
Within this work, the curious reader will find interesting open
questions on many fascinating areas of current economic debate,
including, the role of realistic assumptions robust model building,
understanding how and when non-neoclassical behavior is best
practice, why the assumption of smart decision-makers is best to
understand and explain our economies and societies, and under what
conditions individuals can make the best possible choices for
themselves and society at large. Additional sections cover when and
how efficiency is achieved, why inefficiencies can persist, when
and how consumer welfare is maximized, and what benchmarks should
be used to determine efficiency and rationality.
The ASEAN 3 Bond Market Guide 2018: Viet Nam is an outcome of the
strong support and kind contributions of ASEAN 3 Bond Market Forum
members and experts, particularly those from the country. It is
part of the ASEAN 3 Bond Market Guide series comprising a
comprehensive explanation of the region's bond markets. The series
provides relevant information such as the history, legal and
regulatory framework, specific characteristics, and trading and
transaction (including settlement systems) trends of markets in the
region.
This book focuses on the competitive situation and policy outlook
of China's provincial economy in the 13th five-year period. It
begins with a general evaluation report on the country's provincial
comprehensive Economic Competitiveness, followed by analyses at the
international, national and regional levels, industrial and
enterprise levels. On the basis of domestic and international
research findings, it further enriches our understanding of
provincial competitiveness, analyzes the domestic and international
situation, explores new changes, new norms, new situations and new
challenges concerning China's provincial economy in the past few
years, reveals the characteristics and relative differences of
different types, defines their internal competitive strengths and
weaknesses, and provides valuable theoretical content to guide
decision-making.
Uncertain Futures considers how economic actors visualize the
future and decide how to act in conditions of radical uncertainty.
It starts from the premise that dynamic capitalist economies are
characterized by relentless innovation and novelty and hence
exhibit an indeterminacy that cannot be reduced to measurable risk.
The organizing question then becomes how economic actors form
expectations and make decisions despite the uncertainty they face.
This edited volume lays the foundations for a new model of economic
reasoning by showing how, in conditions of uncertainty, economic
actors combine calculation with imaginaries and narratives to form
fictional expectations that coordinate action and provide the
confidence to act. It draws on groundbreaking research in economic
sociology, economics, anthropology, and psychology to present
theoretically grounded empirical case studies. These demonstrate
how grand narratives, central bank forward guidance, economic
forecasts, finance models, business plans, visions of technological
futures, and new era stories influence behaviour and become
instruments of power in markets and societies. The market impact of
shared calculative devices, social narratives, and contingent
imaginaries underlines the rationale for a new form of narrative
economics.
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