The phenomenon of state-led development has been persistent throughout modern history and remains significant today. Latecomers in the world's development, from Russia in the 19th century to contemporary China, persistently resorted to the state as a developmental instrument in economic catch-up. Why did relatively 'backward'economies tend to take the state-led approach rather than following the free market model? Why did those latecomers that used the state as the main coordinator and had the bureaucratic capacity to do so modernize faster than other 'backward' economies? Finally, do the successful state-led developers have the potentials to take the lead in world's developments? Or under what conditions could they do so? These are the questions the book intends to answer. This book looks into the state-led development in the post-war period, offering a new perspective for interpreting the choice of the state-led approach by latecomers and the consequences of such choices.

The book discusses the mechanisms by which securities are traded, as well as examining economic models of asymmetric information, inventory control, and cost-minimizing trading strategies.

American things, American material culture, and American archaeology are the themes of this book. The authors use goods used or made in America to illuminate issues such as tenancy, racism, sexism, and regional bias. Contributors utilize data about everyday objects - from tin cans and bottles to namebrand items, from fish bones to machinery - to analyze the way American capitalism works. Their cogent analyses take us literally from broken dishes to the international economy. Especially notable chapters examine how an archaeologist formulates questions about exploitation under capitalism, and how the study of artifacts reveals African-American middle class culture and its response to racism.

US capitalism has long been ranked first among nations in production, jobs, wealth, power, and individual freedom. Is this level of preeminence likely to continue? In this candid, sobering assessment of our current fiscal maladies, economist Robert H. Parks explains why he predicts capitalism is now rushing to its demise.
A strong opponent of the supply-side, trickle-down economics that has been in vogue under conservative presidents, Parks argues that bottom-up stimulus and big government spending still have an important role to play in bringing greater prosperity to all US citizens. Citing the stellar examples of the financing of World War II, the use of fiscal and monetary tools to end the Great Depression, social security, and the G.I. Bill, Parks advocates public works programs to rebuild our crumbling infrastructure, improve our public school system, and other vital projects. To critics who object that deficit financing would be inflationary, he counters that the present inadequate system is already producing severe oil and food price inflation, even as house prices continue to plunge.
Among the other urgent problems that the federal government must tackle, Parks addresses the need to curb societal violence and the murder rate through gun control, the worldwide threat from nuclear proliferation through government's leadership in promoting disarmament measures, corruption of government by business through influence-peddling, environmental protection, and, most of all, "the military, industrial, and big oil complex." Parks identifies energy cartels and the armament industry as the "dangerous and secret links of major industries to government officials, corporate executives, and military commanders." He asserts that the loosely regulated manufacture of weapons together with the virtual monopoly over oil production and gas prices constitutes the greatest threat to the welfare, not only of capitalism, but also of global society in the future.
This stern jeremiad from an experienced economics forecaster, who correctly predicted the "mini-depression" of 1981-82, is a call for drastic change in our national agenda and policy making.

This book collects the contributions to a conference of a group of young Polish and German public law scholars on the Constitutional Law of the European Union. The articles present a multi-faceted examination of unity and its realization in the primary and constitutional law of the EU, an analysis of EU constitutional structure in the face of diversity, and the independence of EU law from international common law, among other topics.

This title covers topics that are found in levels one and two of an undergraduate level module where students are studying a programme in the area of economics, finance, accountancy or more broadly management.

The approach to many problems in economic analysis has changed drastically with the development and dissemination of new and more efficient computational techniques. Computational Economic Systems: Models, Methods & Econometrics presents a selection of papers illustrating the use of new computational methods and computing techniques to solve economic problems. Part I of the volume consists of papers which focus on modelling economic systems, presenting computational methods to investigate the evolution of behavior of economic agents, techniques to solve complex inventory models on a parallel computer and an original approach for the construction and solution of multicriteria models involving logical conditions. Contributions to Part II concern new computational approaches to economic problems. We find an application of wavelets to outlier detection. New estimation algorithms are presented, one concerning seemingly related regression models, a second one on nonlinear rational expectation models and a third one dealing with switching GARCH estimation. Three contributions contain original approaches for the solution of nonlinear rational expectation models.

This book focuses on building regional resilience by comprehensively improving regional assets. Regional vulnerability depends on the availability of regional assets for the population, as well as the population's ability to access those assets. Such assets include the environment, population size, community, and human capital, as well as traditional physical infrastructure. Identifying and improving these regional assets, which provide resource flows to help cope with regional disruptions-natural disasters, economic crises, or demographic changes- serves to mitigate vulnerability and build resiliency. The book pursues an interdisciplinary approach to investigating regional resilience, bringing together welfare and environmental economics, public administration, risk and disaster management, policy studies, development studies, and landscape architecture. Up-to-date case studies are provided, including recovery from the Great East Japan Earthquake in Japan, regional development for depopulation areas, and urban policy for smart cities. These studies reflect and share the latest findings on key issues, policymaking and implementation processes, and implications for evaluation methodologies-all of which are indispensable to the building of resilient regions. This book is highly recommended for researchers and practitioners seeking a fresh, interdisciplinary approach to regional and urban development. It provides a valuable reference guide to building resiliency and mitigating vulnerability, both of which are imperative to achieving sustainable regions.

The last two and a half decades witnessed China's epoch-making economic growth and great social changes, which indicates the commence of China's national rejuvenation after a near two-centuries-long stagnant or backward period. In exploring the causal dynamics of China's rejuvenation, Jianrong Huang's book examines the internal and external elements from various sides, in both the comprehensive way and the separate way, thus providing a convincible explanation about the driving force of China's marvellous development.

At the beginning of the twenty-first century, the world financial markets, and institutions have new features, and are working in different environments and conditions. These are increasing the role of the financial sector in the world economy, integration of the financial markets and institutions, liberalization of related laws and regulations, increasing linkages between sub-segments of financial markets, computerizing of financial markets and institutions, and introducing new instruments and innovative derivatives. The majority of the above changes are considered positive developments in the world economy. However, some of the negative aspects are associated along with the above new conditions. One of the most critical changes is the increased linkage, which may lead to the transmission of high price volatility of stocks, currencies, and inflation, from one economy to another, and in turn may lead to financial crises at certain events and conditions similar to those which occured in 1987, 1989 and 1997. The financial crises are not confined to a financial market or a financial institution, or a country or a region. There are at present, no generally accepted arguments or explanations for the financial crises that occurred in the last century. The financial crises moved from one market to another, across geographical locations, as well as across segments of financial systems, including both developed and emerging markets.

The above features and conditions are creating new challenges; there is an urgent need, therefore, to examine various aspects of financial markets related to stability, risk, and activity, in order to find the most relevant environment and market mechanism that maymeet the conditions of stability, liquidity, and efficiency. This volume is devoted to exploring various aspects of this issue.

The process of globalization has had a dramatic impact on the lives of women in developing countries. In the past decade, they have been increasingly drawn into insecure flexible employment working for the world market. This book explores the experiences of women in diverse local contexts within different cultures and faiths, drawing on case studies from Asia, Africa and Latin America. It draws out the contradictory and fragmented impact of globalization at the local level on the lives of women in the developing world.

A PDF version of this book is available for free in open access via the OAPEN Library platform, www.oapen.org.
This book examinesthe significance of networks among the firms operative in the contemporary Russian software industry in the St. Petersburg region.It focuses on the kind of resources that are transmitted through the personalnetworks of Russian business managers and directors.

Gunnar Myrdal was a Nobel Memorial Prize Laureate in Economics in 1974. This study examines the manner in which his intellectual style left an impact on the shaping of Sweden's welfare state, on race relations in the United States, and on post-World War Two economic cooperation in Europe.

This volume examines the regional and global contexts of the political economy of illegal narcotics operations in the Caribbean. It assesses some of the political economy connections and discusses measures adopted to contend with the region's illegal drug challenge.

The financial crisis prompted financial supervisors to take a critical look at their own performance.The "toolkit" available to supervisors is considerably more varied than it was a few years ago. Supervision has become more forward-looking, taking into account also soft controls, such as conduct and culture, corporate governance, and business models of financial institutions.This collection of essays discusses several significant changes in supervision methods and supervisory organisations and examines what methods contribute to good supervision and what can reasonably be expected of supervisors. The authors are experts in the field and most of them are affiliated to organisations responsible for financial supervision.

This book aims to provide comprehensive coverage of the field of air transportation, giving attention to all major aspects, such as aviation regulation, economics, management and strategy. The book approaches aviation as an interrelated economic system and in so doing presents the "big picture" of aviation in the market economy. It explains the linkages between domains such as politics, society, technology, economy, ecology, regulation and how these influence each other. Examples of airports and airlines, and case studies in each chapter support the application-oriented approach. Students and researchers in business administration with a focus on the aviation industry, as well as professionals in the industry looking to refresh or broaden their knowledge of the field will benefit from this book.

One of the most troubling developments of the past two decades has been the dramatic rise in inequality among nations and within nations. This book examines the nature of this development in a variety of countries and contexts - China, Russia, Australia, Latin America, Italy - where the rise of inequality has not been studied as intensively as the US or UK. It also presents analyses of some potential causes and consequences of the rise in inequality.

Challenging the prevailing view of privatization, this book analyzes the state of privatization around the world and offers policy suggestions. It includes original material of an analytical, empirical, and case study nature on the theory and practice of privatization, its relationship with the globalization of capital, its political and ideological underpinnings, its political, social, and economic consequences around the world. Its originality, currency, and critical perspectives make it a unique source for a wide variety of audiences.

The book's opening chapters deal with an extensive theoretical introduction followed by discussions on contracting out, public enterprise reform, and UN-led evaluations of contracting performance. In part two, the book turns to privatization and its flaws in major industrialized nations, including the United States, France, Germany, United Kingdom, and Australia. Part three analyzes privatization and its effects on policy and administration in Asian and Middle Eastern countries, including Post-revolutionary Iran, India, Singapore, Hong Kong-China, and Arab developing countries. Arguing that privatization is a poor policy with many dangers, the book offers suggestions for serious reform of public enterprise management and for alternatives to privatization.

The economic and political transition in Central and Eastern Europe has now entered its second decade. Although the post-communist countries shared many similarities at the outset of the transition, their economic and political experiences have been strongly divergent. Some countries succeeded in stabilizing their economies and are now set on course toward rapid growth, convergence, and accession to the European Union. Others, however, experienced severe and protracted recessions and their prospects for sustained recovery are still doubtful. On the political front, the past decade was marked similarly by important achievements but also grave setbacks. While democracy became firmly embedded in a number of post-communist countries, other transition countries reverted to authoritarian rule and/or experienced breakdowns of law and order, inter-ethnic conflicts, or even outright civil wars.
Political Economy of Transition and Development collects the proceedings of an international conference that brought the leading thinkers in this field to the Center for European Integration Studies of the University of Bonn in May, 2002. The contributions analyze the various interactions between institutions, policy choices, economic developments, and political outcomes in transition and developing countries. The first five chapters give a relatively broad assessment of the various reform paths and outcomes in the transition and developing countries. The remaining eight chapters proceed to analyze important aspects of transition such as voting behavior, political-regime choice, corruption, social capital, growth and inequality, and EU enlargement. The resulting volume thus combines a bird's eyeperspective with a relatively narrow focus on selected key issues pertaining to the ongoing transition process in Central and Eastern Europe.

Currency Crises in Emerging Markets, prepared by Warsaw-based Center for Social and Economic Research (CASE), discusses various aspects of currency crises in emerging-market economies: The definitions and theoretical models of currency crises, the causes, management and propagation (contagion effect) of crises, their economic, social and policy consequences, the role of international financial institutions, and crisis prevention. In addition, five case studies of currency crises in Central and Eastern Europe are presented.

The author captures the evolution of Indian industrial capitalism by extending the 'models of capitalism' and 'regulation framework'. Using principally the auto industry and anchoring the analysis to the expansion of markets, he demonstrates that the Indian state and businesses have been important institutions for creating markets. He acknowledges significant market growth, but also underscores several contradictions arising from such capitalist development. There is a wealth of data, which scholars, policymakers, and businesses will find very useful.