This book highlights the roles of inter-regional networks in regional economies to explore the drivers of sustained regional economic growth. Many industrialized countries are currently undergoing a period of population decline. To enhance sustainability in the regional economy, it is necessary to increase productivity and improve energy efficiency. This book provides new approaches to describing the economic effects of inter-regional networks, which are key to enhancing regional economic growth, using productivity analysis. In addition, it also furnishes considerable evidence on the formation of high-speed transportation infrastructure. Traditional studies on agglomeration economies have focused on external economies that occur in spatially limited areas and have not considered agglomeration economies from a broader perspective, i.e., from the perspective of inter-regional networks. In particular, recent studies have identified that the actual spatial range that would benefit from agglomeration economies is broader than that covered by conventional studies. This volume explains the phenomenon using Alonso's concept of borrowed size. This is the first book to show the impact of inter-regional networks on Japan's regional economy using the concept of the borrowed-size effect. Based on empirical evidence, the roles of inter-regional networks are determined in the context of the regional economy that faces population decline and environmental constraints. A deeper consideration of the analytical methods and understanding the results of detailed analyses will make it possible to propose desirable regional economic policies in the face of population decline. This book thus provides valuable insights into the regional economic development of Japan, which is particularly pertinent to other countries with similar land structures.

Erik Banks, responsible for global risk management at Merrill Lynch in Hong Kong, has written another text on the derivatives field covering innovation in these instruments in Asia Pacific. The text acts as a detailed reference on the nature of these markets and the prospects for the Asian derivative markets, both listed and OTC. He also includes an analysis of the Australian, New Zealand and Japanese markets to fit the emerging markets into context.

More and more Third World countries are providing development assistance to other developing countries. This book examines a range of these "South-South" aid projects sponsored by such countries as China, Korea, Cuba and Brazil.

In the new global economy, more countries have opened up to international competition and rapid capital flows. However, in the triad the process of globalization is rather asymmetric. With a rising role of multinational companies there are favorable prospects for higher global growth and economic catching-up, respectively. Theoretical analysis suggests key ingredients of sustained growth, but there is also a new concept of a long-term equilibrium income gap in which convergence is rather unlikely. The analysis also picks up European and US labor market issues in the context of economic globalization and raises the question of which EU policies in the field of labor market reform and of innovation policies are adequate.

Expats and the Labor Force examines the flows of people and money in the Gulf Cooperation Council (GCC) countries. This timely book outlines the reasons that made the Gulf region a destination for millions of migrants. Taking advantage of the discovery of large hydrocarbon reserves and relatively stable political environment, the GCC countries filled the large demand for labor with foreign workers. However the number, share, and source of expatriates have presented serious challenges for the region. Naufal and Genc discuss these consequences on the composition of the labor force and remittance outflows.

Beneficial social and economic exchange relies on a certain level of trust. But trust is a delicate matter, not least in the former socialist countries where illegitimate behaviour by governments made distrust a habit. The chapters in this volume analyze the causes and the effects of the lack of social trust in post socialist countries. The contributions originated in the Collegium Budapest project on Honesty and Trust: Theory and Experience in the Light of the Post Socialist Transition. A second volume entitled, Building a Trustworthy State in Post Socialist Transition, is being published simultaneously. GABRIEL BADESCU Associate Professor of Political Science at the Babes-Bolyai University, Cluj-Napoca, Romania ILDIK BARNA Research Assistant at E/tv/s Lorand University, Hungary KAREN S. COOK Ray Lyman Wilbur Professor of Sociology and the Cognizant Dean of the Social Sciences at Stanford University, California,

This book brings together analysis on the conditions of agricultural sectors in countries and regions of the world's peripheries, from a wide variety of international contributors. The contributors to this volume proffer an understanding of the processes of agricultural transformations and their interaction with the overall economies of Africa, Asia and Latin America. Looking at the nineteenth and twentieth centuries - the onset of modern economic growth - the book studies the relationship between agriculture and other economic sectors, exploring the use of resources (land, labour, capital) and the influence of institutional and technological factors in the long-run performance of agricultural activities. Pinilla and Willebald challenge the notion that agriculture played a negligible role in promoting economic development in the nineteenth and twentieth centuries, when the impulse towards industrialization in the developing world was more impactful.

Turkey could be considered the most important and leading Islamic country that has implemented the Western economic model successfully mostly because of the modernization efforts since late Ottoman period. As a result of the secularization efforts in the field of economy in early republican era, Muslim people in the country had to deal with non-Islamic practices that contradict with their religious beliefs. Islamic Finance Alternatives for Emerging Economies analyzes the emergence of the Islamic financial institutions in Turkey, by taking into account their history, their operational model, and their legal regulations in the financial field, to discuss the future of Islamic finance. The contributors also consider the ability of Islamic financial institutions and tools to respond to the financial needs of Muslims.

The book builds on an important emergent body of discussion which questions, both empirically and theoretically, the conventional neoclassical doctrine that economies are more efficient if the state withdraws from it. It develops a "space-time" approach to state theory as a way of explaining development outcomes in the global economy as the latter increasingly shifts to what is referred to as "knowledge capitalism". It examines two global cases - Finland and China - as expressions of two broad models of successful development punctuated most recently by successful responses to the Covid-19 pandemic. It also contrasts both cases with the unsuccessful development of Brazil and Argentina toward "knowledge capitalism" and the ramifications of that for their efforts to combat Covid-19. This book will be of interest to academics in economics, politics and international relations.

The global economy is currently going through a period of transformation that has seen Asia emerge as the most rapidly growing, industrializing and modernizing region in the world economy. Whilst the rest of the world struggled during the financial crisis of 2007-9, Asia played the role of a linchpin for global economic recovery. This book analyzes the growth of key Asian economies in the latter half of the twentieth century, followed a little later by China. Notwithstanding the diversity in the region, rapid growth was instrumental in integrating the Asian economies initially in a market-led manner. Dilip K. Das focuses on the interactive dynamics and the process of integration in the region, exploring the synergy created as well as the resulting symbiotic growth among the Asian economies and China. Written in a clear, comprehensive and critical manner by a world class expert in the field, this book brings together the contemporary academic and policy debates on the issues under examination. As such it is an essential read for students and scholars of economics, international political economy and Asian Studies as well as MBA students.

A collection of essays in honour of Robert Triffin, the principal architect of the European Payments Union in the 1940s. These works cover topics such as obstacles to international policy co-ordination, the reform of the international monetary system and European monetary integration. The "Open Market" and its ramifications are discussed and the future of the European Monetary System is examined. The text does not concentrate solely on Europe, however, and also examines such subjects as monetary management in Latin America and proposals for co-operative relief of debt in Africa. An overview of the International Monetary System is provided and the future of macroeconomic policy coordination is examined.

"The New Energy Crisis" comes from the recent intrusion of climate change issues into energy economics and geopolitics. Global warming suddenly reveals that the current evolution of the world energy consumption is on an unsustainable path. This book explores economic and geopolitical tensions and reinforces ways to overcome the crisis.

This volume presents a selection of contributions to the XXIV Villa Mondragone International Economic Seminar on "Public debt, global governance and economic dynamism." For the past 23 years, the Seminar has provided an ideal opportunity to meet and discuss the most topical issues in economic research. The quality of the scientific contributions and ensuing debates has consistently been outstanding owing to the participation of leading experts, and the most recent Seminar was no exception.

The Seminar was held against the backdrop of high levels of public debt, especially in Europe, combined with very low growth in productivity. Furthermore, markets have been dominated by financial instability, raising the question of whether this is the result of the high debt levels or insufficient economic dynamism. Among the topics covered in this book are the economic challenges and growth policies in the United States; issues relating to the G20, global governance and regional integration; EU governance, growth and the Eurozone crisis; and EMU policy and public debt. Individual contributions also address the impact of labor market reforms, the need for sectoral rebalancing in the Euro area, fiscal multipliers and public debt dynamics, and the effects of fiscal shocks in Italy. The book concludes with a contribution on policy recommendations.

The introduction of the euro was an important event for the world economy and the international political system. For the first time in history, a substantial group of European countries-eleven of the fifteen members of the European Union including three members of the G-7-have voluntarily agreed to replace their national currencies with a single currency. The euro area has already become established as the second largest currency area in the world and will therefore become a major player in the international monetary system. The creation of the euro poses a number of interesting questions. Will the euro be a strong or a weak currency? Will the euro challenge the leading position hitherto held by the United States dollar and would sharing of the burdens and advantages of reserve currency status improve or worsen the stability of the international monetary system? How will the euro affect US relations with Europe? Does the formation of the euro intensify European integration in other fields? Is a bi-polar international monetary system viable? These and other issues motivated the Luxembourg Institute for European and International Studies and the Pierre Werner Foundation to organize an international conference in Luxembourg on December 3-4, 1998, on the eve of the birth of the euro. At the outset we were aware that the issue of the euro went far beyond pure economics. Money, after all, is too important a subject to be left to economists.

The single market has been operating in Europe since 1 January 1993 but the twelve national fiscal systems remain independent. How will this be resolved? Harmonization and coordination or fiscal competition with distortions in the allocation of resources, in factor use, in localization of activities?

While economic globalization benefited Southeast Asia, especially during the 1990s boom, the region now seems to be caught between two emerging economic giants - China and India. What challenges and opportunities does the rise of China and India pose for Southeast Asia and how should policy-makers respond? Are bilateral free trade arrangements and bilateral economic partnerships a boon or bane for competitiveness? In identifying approaches and strategies to coping with these challenges and leveraging on the opportunities available, this book also links the quest for competitiveness with the necessity of social protection. The link comes in the form of the people who work for firms as human resources, and as users and innovators of technology. The book acknowledges and discusses the problems of inadequate technological and innovative capacity and the problems of managing labour productivity in Southeast Asia. However, the book also cautions against focusing on people solely as productive labour, whether in production or the knowledge sector. By highlighting the adverse social, economic and political consequences of ignoring social protection issues and challenging the myth that addressing social protection undermines competitiveness, the book emphasizes the social responsibilities incumbent on governments and firms in this age of growing economic insecurities.

Building a Trustworthy State in Post Socialist Transition considers the problems and prospects for creating trustworthy and reliable public institutions in the aftermath of the transition from socialism in Central and Eastern Europe. The volume draws on the experience of those who have lived through and studied the transition and contrasts their insights with those of generalist scholars who study government accountability and democracy. The contributions originated in the Collegium Budapest project on Honesty and Trust: Theory and Experience in the Light of the Post Socialist Transition, organized by Janos Kornai and Susan Rose Ackerman. A second volume entitled, Creating Social Trust in Post Socialist Transition, is being published simultaneously. BRUCE ACKERMAN Sterling Professor of Law and Political Science atYale University, USA GEORGY GANEV Program Director for Economic Research at the Centre for Liberal Strategies in Sofia, Bulgaria RUSSELL HARDIN Professor of Politics at New York University, USA JOEL HELLMAN Senior Adviser on Governance in the East Asia and Pacific Region at the World Bank based in Jakarta, Indonesia CYNTHIA M. HORNE Assistant Professor at the John C. White

This book provides a detailed account of the evolution of India's Look and Act East Policy, addressing the nuances of the policy and its efficacy for the Northeast Region. The Northeastern India as a region is landlocked, sharing most of its boundary with neighbouring countries of South and South East Asia. It empirically explores the progress in and prospects for trade, investment and connectivity between Northeast India and Southeast Asian countries. Further, it discusses a range of regional and sub-regional multilateral initiatives - e.g. the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC), Bangladesh-China-India-Myanmar (BCIM), and Mekong-Ganga Cooperation (MGC) - that could potentially strengthen the cooperation between Northeast India and neighboring regions in the social, cultural and economic spheres.

Following the launch in China of economic reforms and the "open door policy," a new era of economic growth and global integration dawned. In 2008, the thirtieth anniversary year, China completes three decades of broad-based market-oriented macroeconomic reforms and restructuring. This book traces China's economic renaissance.

This symposium of papers by statesmen and leading experts from around the world examines the global economic situation and voices concern about the potential for world unemployment and trade crisis in the 1990s. A new 'Marshall Plan' would involve a concerted worldwide effort to improve the situation. This plan was first formulated by Charles A. Cerami while undertaking a study of the global trade picture for the United States Departments of State, Treasury, and Commerce. Meeting with scores of diplomats nd policy makers in some forty countries, Cerami sought possible solutions to economic problems on the global level. Each of the contributors to this volume is among the best in the field; each is important in the world mechanism of government and politics. This anthology is an important tool in the effort to promote a working consensus among the leaders of different nationalities and political benefits to plan for economic development.

The Marshall Plan' would consist of the radical solution of a vast expansion of the number and size of markets, and therefore of the quantity of products to be absorbed. Since the economies of the developed world (the United States, Europe, Japan, and Asia) already absorb a great deal, the major effort would be to develop more markets in Third World nations. Students and scholars of business and economics, as well as international business people, will find "A Marshall Plan for the 1990S" a thought provoking study.

This book focuses on the development of strategies for the successful internationalization of large and medium-sized companies. Becoming international offers important opportunities for companies of all sizes, but in an increasingly complex environment, the strategic planning involved is also a challenge. The book addresses this, putting forward suggestions that allow large and medium-sized companies to profit from internationalization. After a comprehensive introduction to internationalization and strategic planning, the authors make clear recommendations, suggesting detailed processes for developing international strategies. The book distinguishes between going global for new markets and internationalizing production and sourcing. For both, the book proposes procedures for performing meaningful strategic analyses and for developing successful international strategies. Lastly, it highlights the challenges faced by international companies and discusses useful decision processes. The book offers valuable insights for company executives, participants in Executive MBA programs, and master's students.

In this volume, David B. Audretsch and Charles F. Bonser present a view of Globalization and Regionalization that holds that the interaction between a more open trading system and the new telecommunications and computer technology has substantially increased productivity and facilitated the fragmentation of the production process. The fragmentation of the production process has resulted in a new international organization of production. It has accelerated the globalization of national economies and has allowed firms to take advantage of low wages, wherever they are to be found, and, where important, to locate production facilities close to their customers. This expansion in international trade and production mobility has resulted in new sources of gain that contribute to the new economy. In the second chapter of this volume, Alfred C. Aman, Jr. examines whether globalization dictates new approaches to governance. The process by which public policy in England has incorporated regional government is the focus of Kenneth Spencer in Chapter 3. In the fourth chapter Lawrence S. Davidson provides an analysis of the impact of globalization on manufacturing in the US Midwest. In Chapter 5, John W. Ryan shows how there is a dual role of universities in the global economy. On the one hand, universities serve as institutions that foster globalization and reduce the isolation of regions. On the other hand, universities themselves are shaped and influenced by globalization. David B. Audretsch and A. Roy Thurik, in Chapter 6, show how globalization has led to the emergence of the strategic management of regions. In Chapter 7, Jean-Pierre van Aubel and Frans van Nispen examine the links between federalization and globalization in the European context. The impact of globalization on regulatory institutions is the focus of Montserrat Cuchillo in Chapter 8. Finally, in Chapter 9, David Eaton examines the relationship between global trade sovereignty and sub-national autonomy. Taken together, these chapters provide a compelling view that public policy must be considered in a new light in the global economy. Not only does policy have to consider global implications, but also the importance of local characteristics and regional strengths.

Grow Global: Using International Protocol to Expand Your Business Worldwide is a guide to more effectively doing business globally whether you work for a corporation or are a self-employed entrepreneur or consultant, and whether you do your global outreach by traveling to distant places, over the phone, or just over the Internet. Based on extensive original research, sociologist, business and relationship consultant, coach, and speaker Dr. Jan Yager, who is also author of the award-winning book, BUSINESS PROTOCOL, among other titles, covers the 15 international protocol concerns that readers need to be aware of as well as tips on foreign business travel, making your website more global, faux pas to avoid, negotiating styles, contracts and getting paid, gift-giving, legal considerations, and ethics. There is a chapter that provides a country by country etiquette guide and another chapter on how to build a global relationship so that the business will follow.
About the author: Dr. Jan Yager's, a foreign rights consultant, has been on international business tripssince her early twenties. Interviewed often by the media, including THE OPRAH WINFREY SHOW, GOOD MORNING, AMERICA, BBC TELEVISION, TODAY SHOW, CNN, and in major publications including WALL STREET JOURNAL, NEW YORK TIMES, and the TIMES OF LONDON. She is a member of AICI, the Association of Image Consultants International. For more on this author, visit her main website: http: //www.drjanyager.com

Trade, Markets and Welfare brings together a selection of Kelvin Lancaster's seminal work on trade under monopolistic competition and oligopoly with differentiated products, as well as recent extensions to the analysis of markets in which the characteristics of products can be varied freely. Professor Lancaster argues that protection can sometimes improve world welfare, that there can be mutual trade gains between absolutely identical economies, and that entries of an additional firm may sometimes increase industry profits. The selection also includes some of Professor Lancaster's earlier works on trade and papers on several topics related to the theory of economic policy, including second best theory, wages policy, and a simple dynamic game model of capitalist growth. Trade, Markets and Welfare complements the first volume of Kelvin J. Lancaster's selected essays - Modern Consumer Theory - by expanding applications of consumer choice theory into new areas.