Informed by in-depth case studies focusing on a wide spectrum of micro and macro post-socialist realities, this book demonstrates the multi-faceted nature of informality and suggests that it is a widely diffused phenomenon, used at all levels of a society and by both winners and losers of post-socialist transition.

As businesses, consumers, and investors make key financial decisions amid Economic Policy Uncertainty (EPU), there is the danger that many might freeze investment projects and hiring, leading to contractions of the economy. These are evident in the Indian economy as a whole and specifically in Indian stock markets indices such as the BSE Sensex and Nifty 50, import and export figures, T-bills, FDI, FPI, and GDP. In this important and timely work, Ghosh and Bagchi examine variables and phenomenon from April 2003 to January 2022, encompassing: * The global financial recession period (December 2007 to June 2009) * The pre-recession period (April 2003 to November 2007) * The post-recession along with pre-COVID-19 period (July 2009 to February 2020) * The COVID-19 period (March 2020 to January 2022) * The Russia-Ukraine Conflict Period (September 2021 to July 2022) This is essential reading for scholars and practitioners dealing with Economic Policy Uncertainty (EPU) in the Indian context, and in macro-economics at large.

Despite the fact that Western governments have provided Ukraine with over $10 billion in foreign aid, little is known of Ukraine's economy since it declared independence from the Soviet Union in 1991. In this book, Professor Banaian describes the halting steps towards transition that Ukraine has taken and analyses their effects. Ukraine is an example of how slow or gradual reform was attempted and stopped. The author argues that this has been the result of several political and economic factors, and that the resulting 'arrested transition' may continue indefinitely. Backed by extensive econometric analysis, the book provides insight into its hyperinflationary experience, the causes of continued economic contraction, Ukraine's experience with exchange rate regime changes, its large underground economy and the prospects for long run growth. The Ukrainian Economy since Independence will be of interest to scholars of the economics and political science of transition as well as policymakers in the area.

At a time of rising global economic precarity and social inequality, the field of economic anthropology offers solutions through the study of local and contextualized economic practices. This book is made up of an exciting collection of succinct essays authored by leading scholars primarily from the field of economic anthropology, but also featuring contributions from sociology and history. The chapters engage with debates at the cutting edge of research on the topics of Eurasia, the anthropology of postsocialism and the embeddedness of economic practices.

Handbook of Economic Stagnation takes a broad view, including contributions from orthodox and heterodox economists who examine situations in countries and worldwide regions, including Japan and the Euro area. To be sure, stagnation is periodically relieved by short economic bursts usually brought on by unsustainable asset price bubbles. Once the bubbles burst, stagnation returns. This book's fresh, comprehensive approach to the topic makes it the premier source for anyone affected by these cycles.

As more companies shift their operations between countries to take advantage of lower costs and greater profit, the global market continues to change rapidly, resulting in global hypercompetition that can be detrimental to a business. Firms must remain updated with the latest research as they navigate cultural differences, communication challenges, and inconsistent standards in order to thrive. The Handbook of Research on Global Industry Transitions and Opportunities is an essential, comprehensive reference book that explores the current global business environment and the challenges that have arisen due to contemporary globalization and the resulting global hypercompetition. With a broad scope, the book covers the implications of industry transitions from small and medium-sized companies to multinational businesses and large enterprises and discusses opportunities for both born global and born-again global firms. Featuring topics that deal with innovation, digitalization, disruptive technologies, and international collaboration, this is an ideal source for executives, managers, entrepreneurs, global businesses and businesses looking to transition to the global market, academicians, researchers, and students.

There has been little analysis of the constitutional framework for management of the UK economy, either in constitutional law or regulatory studies. This is in contrast to many other countries where the concept of an 'economic constitution' is well established, as it is in the law of the European Union. Given the extensive role of the state in attempting to resolve recent financial crises in the UK and elsewhere in Europe, it is particularly important to develop such an analysis. This book sets out different meanings of an economic constitution, and applies them to key areas of economic management, including taxation and public borrowing, the management of public spending, (including the Spending Review), monetary policy, financial services regulation, industrial policy (including state shareholdings) and government contracting. It analyses the key institutions involved such as the Treasury and the Bank of England, also including a number of less well-known bodies such as the Office for Budget Responsibility. There is also coverage of the international context in which these institutions operate especially the European Union and the World Trade Organisation. It thus provides an account of the public law applying to economic management in the UK. This book also adopts a critical approach, assessing the degree to which there is coherence in the arrangements for economic management, the degree to which economic policy-making is constrained by constitutional norms, and the degree to which economic management is subject to deliberation and accountability through Parliament, the courts and other institutions.

This book introduces embodied innovations into the circle of already recognised causes of economic crises. The author shows how issues of investment, accumulation and structural change associated with embodied innovations can be used to monitor potential crisis. The author argues that crises are predictable and manageable in depth.

Games and Decision Making, Second Edition, is a unique blend of decision theory and game theory. From classical optimization to modern game theory, authors Charalambos D. Aliprantis and Subir K. Chakrabarti show the importance of mathematical knowledge in understanding and analyzing issues in decision making. Through an imaginative selection of topics, Aliprantis and Chakrabarti treat decision and game theory as part of one body of knowledge. They move from problems involving the individual decision-maker to progressively more complex problems such as sequential rationality, auctions, and bargaining. By building each chapter on material presented earlier, the authors offer a self-contained and comprehensive treatment of these topics. Successfully class-tested in an advanced undergraduate course at the Krannert School of Management and in a graduate course in economics at Indiana University, Games and Decision Making, Second Edition, is an essential text for advanced undergraduates and graduate students of decision theory and game theory. The book is accessible to students who have a good basic understanding of elementary calculus and probability theory. New to this Edition * Chapter 2 includes new sections on two-person games, best-response strategies, mixed strategies, and incomplete information * Chapter 4 has been expanded to provide new material on behavior strategies and applications * The chapter on auctions (5) includes a new section on revenue equivalence * Offers two new chapters, on repeated games (7) and existence results (9) * New applications have been added to all the chapters

Smith, Burke, Marx, Durkheim, Polanyi and Hayek--all sought to situate market exchange and property-based acquisitiveness in the broader context of human interaction and social values. This book explores that framework of interdependence and ethics that embeds the capitalist market economy in an ongoing whole of which the calculative present-day is but a part. It argues that the stability of conservatism anchors the dynamism of entrepreneurship in a matrix of patterns and habits without which orderly free enterprise would be at risk of degenerating into the Hobbesian war of each against all.

'The definitive account of the history of poverty finance' - Susanne Soederberg Finance, mobile and digital technologies - or 'fintech' - are being heralded in the world of development by the likes of the IMF and World Bank as a silver bullet in the fight against poverty. But should we believe the hype? A Critical History of Poverty Finance demonstrates how newfangled 'digital financial inclusion' efforts suffer from the same essential flaws as earlier iterations of neoliberal 'financial inclusion'. Relying on artificially created markets that simply aren't there among the world's most disadvantaged economic actors, they also reinforce existing patterns of inequality and uneven development, many of which date back to the colonial era. Bernards offers an astute analysis of the current fintech fad, contextualised through a detailed colonial history of development finance, that ultimately reveals the neoliberal vision of poverty alleviation for the pipe dream it is.

This book provides a unique study of the differences in economic behaviour according to the phases of the economic cycle in the countries of the European Union. It presents a comprehensive analysis of asymmetry in the EU over the last forty years, and shows that the problems in the global financial crisis were readily predictable.
The authors use empirical research and panel data to show how much economic behaviour changes between the up and down phases of the business cycle, and the difficulties this creates for monetary, fiscal and labour market policies. The volume demonstrates how prescient the asymmetric design of the Stability and Growth Pact was in trying to offset countries understandable optimism in fiscal policy, and the consequent tendency not to manage debt successfully. It also reveals the inherent problems for managing unemployment in an asymmetric labour market.

This book aims to theoretically and empirically enrich the GVC accounting framework with statistical physics and complex network theory from the perspective of econophysics, thus adding up to the existing theories. Besides, it also aims at capturing the essences of network models such as topological complexity, hierarchy, transmissibility, interaction, and causality and reflecting the objective interrelations among economies or between economies and economic systems on the GVC, so as to reveal the inherent evolution of the cross-regional and even global economic systems.

This book uses facts and data to prove that socialist public sectors are still in a predominant position in China. Based on previous research and studies, a set of methods for measuring the structure of public or non-public owned economy is offered in this book. As is remarked by the authors, China's basic economic system, namely the system with the public sector remaining dominant and diverse sectors of the economy developing side by side, represents an efficient approach towards mutual benefit, common prosperity and peaceful co-existence.

Today's financial system is considerably more complex than in years past, as new financial instruments have been introduced that are not well understood even by the people and institutions that invest in them. Numerous high-risk opportunities are available, and the number of people who unwittingly wander into such ventures seems to grow daily. There is also the realization that people's lives are affected by the financial system without their overt participation in it. Despite no active participation, pensions can be emasculated by a sudden decline in interest rates, or a rise in rates can increase the monthly payments on a mortgage, credit cards or other debt. This book looks at the history of the American banking system, including the passage of the Federal Reserve Act in 1913, the implementation of deposit insurance, along with certain other provisions of the Glass-Steagall Act of 1933, the Bretton-Woods agreements, the forces of technological innovation and the Dodd-Frank Act, passed by Congress in 2010 for regulatory reform. This book will be of interest to undergraduate and graduate level students that want to gain a broad understanding of how the financial system works, why it is important to the economy as a whole, and what its strengths and weaknesses are. Also, readers should gain an understanding of what the Federal Reserve, other regulators and other central banks are doing, and will be in a position to critique their actions and say with some depth of understanding why they agree or disagree with them.

The problems of today's Europe can be traced directly to the rewriting of the "rules of the economic game" that has taken place over several decades under the strong influence of neoliberalism. If Europe is to return to the innovative and dynamic economy it once had-and if there is to be shared prosperity, social solidarity and justice across Europe-the rules must be rewritten once again. With the Foundation for European Progressive Studies (FEPS), Joseph E. Stiglitz lays out comprehensive programmes and policies designed to relieve the suffering of Europeans and restore a prosperous and equitable European Union.

This edited volume takes a closer look at various European pension-plan models and the recent challenges, trends and predictions related to the design of such schemes. The contributors analyse new ideas, both from national governments and European institutions, and consider current debates on topics such as the Capital Markets Union (CMU) and the so-called 'European Pillar of Social Rights' - calling for a new approach to social policy at the European level in response to common challenges, such as ageing and the digital revolution.This interdisciplinary work embraces economic, financial and legal perspectives, while focusing on previously selected coherence aspects in order to ensure that the analyses are comprehensive and globally consistent.

This Open Access book offers a novel view on the benefits of a lasting variation between the member states in the EU. In order to bring together thirty very different European states and their citizens, the EU will have to offer more scope for variation. Unlike the existing differentiation by means of opt-outs and deviations, variation is not a concession intended to resolve impasses in negotiations; it is, rather, a different structuring principle. It takes differences in needs and in democratically supported convictions seriously. A common core remains necessary, specifically concerning the basic principles of democracy, rule of law, fundamental rights and freedoms, and the common market. By taking this approach, the authors remove the pressure to embrace uniformity from the debate about the EU's future. The book discusses forms of variation that fall both within and outside the current framework of European Union Treaties. The scope for these variations is mapped out in three domains: the internal market; the euro; and asylum, migration and border control.

Throughout the 1990s, Russian households experienced a dramatic fall in their traditional sources of subsistence: wages and social benefits. Many commentators have argued that households have adopted 'survival strategies' that enable them to make ends meet, particularly taking second jobs, growing their own food and calling on the help of family and friends. This book reviews the available data to analyse the forms, scale and incidence of these phenomena. The author finds that so-called 'survival strategies' merely represent a continuation of traditional soviet practices. He demonstrates that they disproportionately benefit the better off and that they do not provide a means by which those who have suffered misfortune can compensate for a fall in their earnings. Instead, he illustrates that most Russian households have adapted simply by cutting expenditure rather than by finding new sources of income. The author concludes by arguing that the notion of a 'household survival strategy' is inappropriate for the study of post-soviet society. Based on the analysis of a wide range of qualitative and quantitative data, Making Ends Meet in Contemporary Russia provides a comprehensive analysis of the means by which Russian households have secured their subsistence in the face of a collapse in wages and employment since the end of the soviet system. It will be required reading for all students, scholars and researchers of transition studies, development studies and human geography.

Public-private collaboration in infrastructure projects takes place in a variety of institutional frameworks worldwide. This volume considers the different cultural, political and legal settings in the US, UK, Japan and other countries and regions where policymakers are reconsidering traditional mechanisms for raising and deploying capital. By focusing on concrete examples in specific countries, the editors and contributors draw useful lessons for strong sector performance in telecommunications, power, water and social infrastructure. Innovative strategies that work can be modified and refined in other sectors and other countries. Going beyond ideological debate, this volume presents a pragmatic approach to best practice, one that combines market-oriented solutions with governmental oversight according to the specific cultural and institutional situations. Regulators, academics, policymakers, politicians, and students in public policy, finance and economics will find this volume practical and original.

Essays on racial flashpoints, white denial, violence, and the manipulation of fear in America today. "Drawing on events from the killing of Trayvon Martin to the Black Lives Matter protests last summer, Wise calls to account his fellow white citizens and exhorts them to combat racist power structures."-The New York Times "What Tim Wise has brilliantly done is to challenge white folks' truth to see that they have a responsibility to do more than sit back and watch, but to recognize their own role in co-creating a fair, inclusive, truly democratic society."-Michelle Alexander, author of The New Jim Crow "Tim Wise's new book gives us the tools we need to reach people whose understanding of our country is white instead of right. And without pissing them off!"-James W. Loewen, author, Lies My Teacher Told Me "Tim Wise's latest is more urgent than ever. "-Heather Ann Thompson, Pulitzer Prize-winning author of Blood in the Water: The Attica Prison Uprising of 1971 and its Legacy "A white social justice advocate clearly shows how racism is America's core crisis. A trenchant assessment of our nation's ills."-*Kirkus Reviews, Starred Review " [Dispatches from the Race War] is a bracing call to action in a moment of social unrest."-Publishers Weekly "Dispatches from the Race War exhorts white Americans to join the struggle for a fairer society."-Chapter 16 In this collection of essays, renowned social-justice advocate Tim Wise confronts racism in contemporary America. Seen through the lens of major flashpoints during the Obama and Trump years, Dispatches from the Race War faces the consequences of white supremacy in all its forms. This includes a discussion of the bigoted undertones of the Tea Party's backlash, the killing of Trayvon Martin, current day anti-immigrant hysteria, the rise of openly avowed white nationalism, the violent policing of African Americans, and more. Wise devotes a substantial portion of the book to explore the racial ramifications of COVID-19, and the widespread protests which followed the police murder of George Floyd. Concise, accessible chapters, most written in first-person, offer an excellent source for those engaged in the anti-racism struggle. Tim Wise's proactive approach asks white allies to contend with-and take responsibility for-their own role in perpetuating racism against Blacks and people of color. Dispatches from the Race War reminds us that the story of our country is the history of racial conflict, and that our future may depend on how-or if-we can resolve it. "To accept racism is quintessentially American," writes Wise, "to rebel against it is human. Be human."

At the heart of capitalism lies the idea of 'homo economicus': an ever-rational human being motivated by self-interest which arguably leads societies to economic prosperity. Drawing on French sociologist Marcel Mauss' influential theory of 'the gift', Frank Adloff shatters this fallacy to show mutual trust is the only glue that holds societies together; people are giving beings and they can cooperate for the benefit of all when the logic of maximizing personal gain in capitalism is broken. Acknowledging the role of women, nature, and workers in the Global South in transforming society, this book proposes a politics of conviviality, (from the Latin con-vivere: living together) for global and environmental justice as an alternative to the pursuit of profit, growth, and consumption.

Understand how to protect your critical information infrastructure (CII). Billions of people use the services of critical infrastructure providers, such as ambulances, hospitals, and electricity and transport networks. This number is increasing rapidly, yet there appears to be little protection for many of these services. IT solutions have allowed organisations to increase their efficiency in order to be competitive. However, do we even know or realise what happens when IT solutions are not working - when they simply don't function at all or not in the way we expect? This book aims to teach the IT framework from within, allowing you to reduce dependence on IT systems and put in place the necessary processes and procedures to help protect your CII. Lessons Learned: Critical Information Infrastructure Protection is aimed at people who organise the protection of critical infrastructure, such as chief executive officers, business managers, risk managers, IT managers, information security managers, business continuity managers and civil servants. Most of the principles and recommendations described are also valid in organisations that are not critical infrastructure service providers. The book covers the following: - Lesson 1: Define critical infrastructure services. - Lesson 2: Describe the critical infrastructure service and determine its service level. - Lesson 3: Define the providers of critical infrastructure services. - Lesson 4: Identify the critical activities, resources and responsible persons needed to provide the critical infrastructure service. - Lesson 5: Analyse and identify the interdependencies of services and their reliance upon power supplies. - Lesson 6: Visualise critical infrastructure data. - Lesson 7: Identify important information systems and assess their importance. - Lesson 8: Identify and analyse the interconnections and dependencies of information systems. - Lesson 9: Focus on more critical services and prioritise your activities. - Lesson 10: Identify threats and vulnerabilities. - Lesson 11: Assess the impact of service disruptions. - Lesson 12: Assess the risks associated with the service and information system. - Lesson 13: Implement the necessary security measures. - Lesson 14: Create a functioning organisation to protect CII. - Lesson 15: Follow regulations to improve the cyber resilience of critical infrastructure services. - Lesson 16: Assess the security level of your information systems yourself and ask external experts to assess them as well. - Lesson 17: Scan networks yourself and ask external experts to scan them as well to find the systems that shouldn't be connected to the Internet but still are. - Lesson 18: Prepare business continuity and disaster recovery plans and test them at reasonable intervals. - Lesson 19: Establish reliable relations and maintain them. - Lesson 20: Share information and be a part of networks where information is shared. - Lesson 21: Train people to make sure they are aware of cyber threats and know the correct behaviour. - Lesson 22: If the CII protection system does not work as planned or give the desired output, make improvements. - Lesson 23: Be prepared to provide critical infrastructure services without IT systems. If possible, reduce dependence on IT systems. If possible, during a crisis, provide critical services at reduced functionality and/or in reduced volumes. Author Toomas Viira is a highly motivated, experienced and results-orientated cyber security risk manager and IT auditor. He has more than 20 years' experience in the IT and cyber security sectors.