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Books > Business & Economics > Economics > International economics > General
While offering many growth-enhancing opportunities, India's ever-increasing integration with the world economy has given rise to a host of new challenges in managing the economy. This book provides an up-to-date empirical assessment of some of India's crucial policy challenges pertaining to its monetary and external sector management.
The World Bank is the key institution through which rich nations channel resources to poorer ones. Yet it was established over 50 years ago in a radically different international environment, and constantly re-invented itself in the intervening decades. What drives this evolution? This text considers the nature of change at the World Bank, exploring both the external impetous for change, and the impact of the Bank's internal organization and culture. The author's findings are supported by case studies of three of the Bank's most important new agendas: private sector development, participation, and governance. Michelle Miller-Adams finds that traditional international-relations based approaches, which focus on states and power, are inadequate for explaining institutional change at the World Bank. Attention must be paid to the Bank's internal processes, especially the technical and apolitical norms that form an intrinsic part of its identity. This identity, which dates from the Bank's earliest days, continues to shape its response to new demands and affect its ability to meet the needs of a changing world.
Can we abolish global poverty? Should we do away with foreign aid? Is the United Nations redundant? Why should I bother? Can I help?Mike Edwards offers timely answers to issues that have been propelled to center stage. "Future Positive" is a comprehensive and authoritative rethink of an international system facing a period of unprecedented change. In a world of globalizing markets, eroding state sovereignty, expanding citizen action and uncertainty about fundamental truths, what is the best way to tackle problems of global poverty and violence?Michael Edwards charts a "third way" between heavy-handed intervention and complete laissez-faire. Covering an enormous amount of ground in clear, lively and non-technical terms, "Future Positive" explains how the international system operates, the pressures it faces, and the changes it must undergo, and offers concrete new ideas to re-frame international relations and foreign aid.
What can Keynesian economics mean in the 21st century? Do globalization, inflationary pressures and supply-side constraints make managing demand in a domestic economy impossible? Or could its use to tackle unemployment be put back on the political agenda? These essays examine the potential relevance of Keynesian policies for Europe, America, the developing world and the global economy. There is no common definition, but Keynesianism is throughout seen as more than demand management, with policy proposals to promote investment, strengthen the supply-side and reduce uncertainty.
Transnational commons, cross-border areas without well-defined property rights, have long been ignored in 'official' development economics. This volume redresses the balance by adopting an environmental approach which stresses the importance of shared natural resources and the links between acute poverty and environmental degradation. The Economics of Transnational Commons draws together eminent contributors from fields as diverse as law, population studies, social anthropology, biological sciences, and economics, to present authoritative accounts that combine empirical case-studies with rigorous theoretical foundations. Despite the milti-disciplinary approach, the main focus of the articles is the same: that the reciprocal externalities and problems of free-riding created by any common resource are complicated in the case of transnational commons by difficulties in monitoring, enforcement, and unequal access to information. Often using theories of negotiation taken from game theory, the studies then suggest possible solutions, both at an institutional and educational level. In order to make these materials suitable for teaching purposes, the authors have been encouraged to survey their topics rather than present their most recent findings. A companion publication, The Environment and Emerging Development Issues Volumes 1-11 (edited by Dasgupta and Mahler), deals with national environmental issues.
This is a study of the long-run evolution of the relationship between China and the world economy. The book presents an original interpretation of the country's socio-economic processes in the past 150 years, focusing on China's interaction with the expanding capitalist world economy. The author argues that the general thrust of China's quest for development or modernization has been to catch up with the wealthy nations of the West, and goes on to explain the changing paths and outcomes.
Peter Burnham presents a detailed, archive-based account of the keys aspects of international monetary relations in the 1950s focusing in particular on Anglo-American policy surrounding the restoration of sterling convertibility. He argues that in 1952 the British government had a unique opportunity to take an almost revolutionary step in the external field to transform the international political economy (through the abolition of the fixed rate system, the International Monetary Fund, and the European Payments Union) and restructure Britain's domestic economy to tackle longstanding productivity, export and labour market problems.
This collection is a sober assessment of the state of regional integration in Latin America and the Caribbean. It studies the question from four perspectives: economic, institutional, political, and in relation to the rest of the world. It considers the questions raised by LAC countries' efforts to use 'new' regionalism to address the challenges of globalization and to explore the nature and meaning of open regionalism. This thematic treatment draws on the experience of the different schemes currently in place in the region: NAFTA, CACM, CARICOM, the Andean Community and MERCOSUR. It also examines the nature of globalization, including concerns over the relationship between regionalism and the multilateral system. There is now a broad consensus among LAC countries that regional integration can help them adjust to the new world order, but there is much less agreement on how to achieve it and what reforms are needed to bring it about.
It is said that a little knowledge is a dangerous thing. It is a
time honored cautionary statement that has suddenly acquired a new
urgency. A little knowledge is dangerous, because as a force for
dramatic change, knowledge today is revolutionary. More is known
and being learned everyday than was ever known or learned before.
As a direct result, the pace of change-and that means change in the
sense of everything from business to economics, science, medicine,
and politics-is beginning to accelerate much more rapidly than ever
before in mankind's history.
This innovative book provides a greater understanding of the relationships between transnational corporations and the economic development of host economies. In the age of globalisation, awareness of the mechanisms through which foreign firms impact on host countries is crucial. The emphasis lies on backward linkages and knowledge transfer to local firms. The book offers a theoretical framework for the activities of TNCs and a review of their impacts on South East Asian economies. The author conveys in-depth information, using extensive data collected from transnational corporations in the Malaysian electrical and electronics sector. A unique approach is adopted by presenting factors explaining the existence as well as the degree of knowledge transfer through backward linkages. To date, no other study has provided a full range of data - qualitative and quantitative - on the existence, as well as the degree, of backward linkages' transfer. Academics, practitioners and students of international business studies, international development and Asian studies will find Transnational Corporations, Technology and Economic Development of great interest, as will business school libraries in European, North American and Asian universities.
This collection of essays presents insight and methodology that are highly relevant for readers today as they consider the future of the world they live in. Experiencing the COVID-19 pandemic, people have realized how fragile the current economy is and the necessity for reconstructing the socio-economic system. That system, which was considered the default for so long, was succeeded by the analytical framework of economics and regional science. The contents of this book are diversified, as are the achievements of Prof. Yasuhiro Sakai, to whom this volume is dedicated, and cover a wide area from mathematical and experimental economics to conventional and emerging fields of regional science. Some are timeless topics that have had new life breathed into them. Part I deals with, among other areas, risk management with uncertain events; the effectiveness and impacts of regulation and friction related to trading; the stability of strategic behavior and market equilibrium; and sustainable regional development and urban planning from the long-term perspective. Part II also presents a diversity of subjects, including input-output analysis and computable general equilibrium (CGE) modelling for internal as well as external structure and network linkage, such as a value chain; openness and creativity as related to competition among cities and regions; dispersion versus concentration; and inequality versus equality.
This up-to-date study of the contribution of women and men to changing European economic activity patterns, covers 15 members states. Based on the work of the European Commission's network of experts on women's employment, it draws on both national and European data sources. The book links trends in the structures of employment with new comparative data on the role of systems of welfare provision in order to explore economic activity patterns by gender. Participation patterns of women still vary widely within Europe, so much attention is paid to the institutions - both in the labour market and welfare - which help to explain these variations. The apparently contradictory tendency for women's employment and unemployment to rise is analyzed, taking into account changes in industrial/occupational structure and trends at the European, national and regional level. Many countries continue to pursue inconsistent and discriminatory labour market policies; many still base welfare policies on the nation of a single male breadwinner family. This text considers how such policies affect women as workers.
This volume offers to compare and explain variances of regionalism in Asia by disclosing the distinctive features of regional arrangements and how they evolved during the 1990s and 2000s against the background of a changing global environment. Moreover, it takes up a genuinely 'inter-Asian' perspective. By analysing and comparing diverse manifestations of regional integration agreements across Asia and its different sub-regions, it sets out to track their common characteristics and sub-regional facets with respect to their establishment, design and consequences. In addition, political processes accompanying their negotiation and implementation are scrutinized. The analysis encompasses nine case studies written by renowned scholars who together as a group combine an extraordinary mixture of different disciplinary backgrounds as well as expertise on shapes and processes of regional integration in different parts of Asia. The case studies seize on some of the most important features and controversial issues characterizing the second regionalism. Such are the emergence and impact of overlapping FTAs, regional financial and sub-regional economic integration and cooperation, power and the politics of regional integration as well as the nexus between conflict resolution, state failure and regional integration.
This new edition of An Economic History of Early Modern India extends the timespan of the analysis to incorporate further research. This allows for a more detailed discussion of the rise of the British Empire in South Asia and gives a fuller context for the historiography. In the years between the death of the emperor Aurangzeb (1707) and the Great Rebellion (1857), the Mughal Empire and the states that rose from its ashes declined in wealth and power, and a British Empire emerged in South Asia. This book asks three key questions about the transition. Why did it happen? What did it mean? How did it shape economic change? The book shows that during these years, a merchant-friendly regime among warlord-ruled states emerged and state structure transformed to allow taxes and military capacity to be held by one central power, the British East India Company. The author demonstrates that the fall of warlord-ruled states and the empowerment of the merchant, in consequence, shaped the course of Indian and world economic history. Reconstructing South Asia's transition, starting with the Mughal Empire's collapse and ending with the great rebellion of 1857, this book is the first systematic account of the economic history of early modern India. It is an essential reference for students and scholars of Economics and South Asian History.
The migration movement, which has taken place since the beginning of the story of mankind, increasingly continues voluntarily or compulsorily for various reasons such as social challenges, technological revolutions and wars. Due to migration, many new questions emerge depending on these issues. Researchers from many different disciplines are looking for answers to these questions arising from migration movements. This book covers deep researches from different perspectives and disciplines upon migration by successful and expert researchers in their field. In this book, different and rigorous analyses of all areas influenced by migration are carried out and various dimensions of immigration studies are shown.
Globalization has, within academic, political, and business circles alike, become the buzz-word of the 1990s, conjuring an ever growing diversity of associations, connotations, and attendant mythologies. In this volume a distinguished array of international academics assess the contribution of the globalization thesis to our understanding of social, political, and economic change in contemporary societies. They explore many of the exaggerated and overgeneralized claims made about globalization.
The book describes the practical process of economic growth both in developed and less developed countries, and presents a unified theory of growth from the earliest stages to the most advanced. Central to the theory is the structural transformation which is associated with the growth process. This structural transformation is used to explain the logistic pattern that economic growth has followed in the real world. Within this logistic pattern, growth performance is explained both in terms of supply factors and demand factors, and the interaction between them. The influence of inflation and income distribution on economic growth is also discussed.
Looking at all sides of the globalization debate, Suranovic analyzes how international economic policy is made and how it has become so controversial. He offers a solution to the debate between free trade/unregulated markets and the push for greater government involvement that is consistent with both economic efficiency and social justice.
This book is about law, but it is not a law book. It is aimed at all interested contemporaries, lawyers and non-lawyers alike. Richly seasoned with personal memories and anecdotes, it offers unique insights into how European courts actually work. It is generally assumed that independence is part and parcel of the role and function of a judge. Nevertheless, European judges sometimes face difficulties in this regard. Owing to their being nominated by a government, their limited term of appointment, and the possibility of being reappointed or not, their judicial independence can be jeopardized. Certain governments have a track record of choosing candidates who they believe they can keep on a leash. When this happens, private parties are at risk of losing out. The EFTA Court is under even more pressure, since the EEA/EFTA states Iceland, Liechtenstein and Norway essentially constitute a pond with one big fish (Norway) and two minnows. For quite some time now, certain Norwegian protagonists have sought to effectively transform the EEA into a bilateral agreement with the EU. This attitude has led to political implications that have affected the author himself. The independence of the EFTA Court is also endangered by the fact that it operates alongside a large sister court, the Court of Justice of the European Union. And yet the EFTA Court has established its own line of jurisprudence and its own judicial style. It has remained faithful to specific EFTA values, such as the belief in free trade and open markets, efficiency, and a modern view of mankind. During the first 24 years of its existence, it has even had an over-proportionate influence on ECJ case law. Since EEA Single Market law is economic law, the importance of economics, an often-overlooked aspect, is also addressed. In closing, the book explores Switzerland's complicated relationship with, and Britain's impending departure from, the EU. In this regard, it argues that the EFTA pillar should be expanded into a second European structure under British leadership and with Swiss participation.
Have you ever wondered why we can afford to buy far more clothes than our grandparents ever could . . . but may be less likely to own a home in which to keep them all? Why your petrol bill can double in a matter of months, but it never falls as fast? Behind all of this lies economics.; It's not always easy to grasp the complex forces that are shaping our lives. But by following a dollar on its journey around the globe, we can start to piece it all together.; The dollar is the lifeblood of globalisation. Greenbacks, singles, bucks or dead presidents: call them what you will, they are keeping the global economy going. Half of the notes in circulation are actually outside of the USA - and many of the world's dollars are owned by China.; But what is really happening as our cash moves around the world every day, and how does it affect our lives? By following $1 from a shopping trip in suburban Texas, via China's central bank, Nigerian railroads, the oilfields of Iraq and beyond, The Almighty Dollar reveals the economic truths behind what we see on the news every day. Why is China the world's biggest manufacturer - and the USA its biggest customer? Is free trade really a good thing? Why would a nation build a bridge on the other side of the planet?; In this illuminating read, economist Dharshini David lays bare these complex relationships to get to the heart of how our new globalised world works, showing who really holds the power, and what that means for us all
This book explores the reactions to Europeanization and globalization in times of economic distress, including the transformation of European values in national legal cultures. The authors explore how European values, tradition and new legal challenges interconnect and dictate the paths of transition between old and new Europe. The first chapter starts with a question: can Roman Legal Tradition play a role of identity factor towards a New Europe? Can it be considered as a general value identifying new Europe, built on a minimum core of principles - persona, dominum, obligation, contract and inheritance - composing the whole European private law tradition? Subsequent chapters attempt to provide possible responses to the question: what is Europe today? The answers diverge, depending on the research area. The inherent dichotomy of human rights protection in Europe and the concept of 'one law, one court' are investigated in the second chapter, whereas the third chapter focuses on asylum and the interrelation and interdependence of the Court of Justice of the EU and the European Court of Human Rights. The next three chapters concentrate on matters of equal treatment and non-discrimination. The first contribution in this part reflects on the crisis and methodological and conceptual issues faced by modern anti-discrimination law. It is followed by a specific analysis of the empowerment of women or gender-balancing in company boards. The third contribution reveals the impact of the Croatian anti-discrimination law on private law relations. The next chapter deals with the issue of social rights in Croatia and the method of their regulation in the context of the new European values. The immense challenges posed by the market integration imperative and democratic transition have brought about different reactions in the national legal systems and legal cultures of both old and new Member States. As such, Europe has effectively been reunited, but what about the convergence of national legal cultures? This is the focal point of the remaining chapters, which focus on various issues, from internal market, competition law, consumer welfare, liberalization of network industries to the EU capital market. The magnitude of EU activity in these areas offers conclusive evidence that old and new paradigms are evolving and shaping the future of the EU.
Will "making a living" remain a dream for the deprived and excluded? Jobs are one of Europe's most important problems. Employment provides the basic means of distributing wealth in society, in providing for families, and ensuring pensions for the elderly. Yet unemployment, and increasingly "non-employment", continues at near record levels in the European Union. This text shows how the culture of work has been transformed in the industrialized nations of the EU. Exploring the relationship between employment change, society and economic restructuring, the shift toward "flexible" work for women in services, away from traditional industrial jobs for men, is demonstrated within three key sectors - business services, retailing and tourism. The outcome of change is discussed in terms of shifts of people and jobs from urban to rural areas. Europe must be understood in the context of the new Europe, of change in the USA and of global change. Drawing on examples from UK and European regions and USA, the author challenges long-standing assumptions about changes in economy and society and highlights the need for stronger local and European policies to reduce inequality at large and contribute
Rich and informative case studies throughout bring this book to life for professionals and students alike. Written by one of the leading competitive experts in the world. Tackles a complex issues in a lively and engaging way. |
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