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Books > Business & Economics > Finance & accounting > Finance > Public finance > General

Financial Inclusion in India - Policies & Programmes (Hardcover): N Mani Financial Inclusion in India - Policies & Programmes (Hardcover)
N Mani
R1,913 R1,214 Discovery Miles 12 140 Save R699 (37%) Shipped within 7 - 12 working days
Modern Public Finance (Hardcover): A.B. Atkinson Modern Public Finance (Hardcover)
A.B. Atkinson
R7,956 Discovery Miles 79 560 Shipped within 7 - 12 working days

These two volumes bring together key articles in the field of modern public finance, a field which has seen a major revival of interest in the past 20 years. The articles reprinted are among those which have shaped its recent development, and include contributions by no fewer than seven Nobel Prize-winners. A.B. Atkinson - widely recognized as a leading authority in the field - has carefully selected a representative coverage of the most important articles and papers and has also included readings which help relate the subject to other areas of economics. The result is a reference collection which will be an essential companion for the specialist and non-specialist alike.

Practical Government Budgeting - A Workbook for Public Managers (Paperback, New): Susan L. Riley, Peter W. Colby Practical Government Budgeting - A Workbook for Public Managers (Paperback, New)
Susan L. Riley, Peter W. Colby
R696 Discovery Miles 6 960 Shipped within 7 - 11 working days

Provides descriptions, instructions, and exercises to help readers master government budgeting as it is actually practiced.

Going for Broke - Deficits, Debt, and the Entitlement Crisis (Hardcover): Michael D Tanner Going for Broke - Deficits, Debt, and the Entitlement Crisis (Hardcover)
Michael D Tanner
R345 R289 Discovery Miles 2 890 Save R56 (16%) Shipped within 7 - 12 working days

Our growing national debt has dropped out of the headlines recently - but that doesn't mean that the problem has gone away. The national debt recently topped $17.5 trillion, and is projected to reach $27 trillion by 2024. Worse yet, if you include the unfunded liabilities of Social Security and Medicare, the U.S. real indebtedness exceeds $83 trillion. Despite these undeniable facts, politicians from both parties continue to avoid making the difficult decisions that must be made. Social Security, Medicare, and Medicaid alone account for 48 percent of federal spending today, a portion that will only increase more rapidly with the newest entitlement program, Obamacare. The truth is that there is no way to address America's debt problem without reforming entitlements. Going for Broke provides a critical, in-depth analysis of these entitlement programs and lays out much needed solutions for real reform.

Public Sector Economics (Paperback, 4th Edition): C.V. Brown, P.M. Jackson Public Sector Economics (Paperback, 4th Edition)
C.V. Brown, P.M. Jackson
R1,079 R982 Discovery Miles 9 820 Save R97 (9%) Shipped within 7 - 12 working days

Since it was first published Public Sector Economics has become the most widely adopted undergraduate textbook in its field. Major revisions have been made to this fourth edition while preserving the central objective of the book, which is to explain the relevant principles and the relationships between public expenditure, taxation and the behaviour of economic agents such as individuals, households and firms.* A thoroughly revised edition of the standard UK text in the area * All statistics bought up to date * A wealth of new material, particularly on taxation

The Political Economy of Governance - Institutions, Political Performance and Elections (Hardcover, 2015 ed.): Norman... The Political Economy of Governance - Institutions, Political Performance and Elections (Hardcover, 2015 ed.)
Norman Schofield, Gonzalo Caballero
R3,711 R3,008 Discovery Miles 30 080 Save R703 (19%) Shipped within 7 - 12 working days

Understanding the governance of nations is a key challenge in contemporaneous political economy. This book provides new advances and the latest research in the field of political economy, dealing with the study of institutions, governance, democracy and elections. The volume focuses on issues such as the role of institutions and political governance in society, the working of democracy and the electoral performance in several case studies. The chapters involve cutting edge research on many different countries, including the USA, Great Britain, Germany, Spain and the Third World. The authors of the chapters are leading scholars in political economy from America, Europe and Asia.

Incomes Policies - Papers prepared for a Conference of the International Economic Association (Hardcover): Victor L. Urquidi Incomes Policies - Papers prepared for a Conference of the International Economic Association (Hardcover)
Victor L. Urquidi
R3,684 Discovery Miles 36 840 Shipped within 7 - 11 working days

A compilation of papers given at a Conference of the International Economic Association analyze the world-wide experiences of incomes policy when, in the 1970s and early 1980s, this was seen as a crucial target for government.

The Economics of Public Debt - Proceedings of a Conference held by the International Economic Association at Stanford,... The Economics of Public Debt - Proceedings of a Conference held by the International Economic Association at Stanford, California (Hardcover)
Kenneth J. Arrow, Michael J Boskin
R4,112 Discovery Miles 41 120 Shipped within 7 - 11 working days

This collection of essays presents new insights into the analyses of public debt theory, recent historical episodes, econometric analyses of public debt and policy dilemmas and options. The subjects covered include optimal debt policy, the role of deficits as a temporary stimulus in the course of disinflation, the intergenerational equity aspects of public debt, public debt problems in developing countries, indexing public debt for inflation and various conceptual, accounting and measurement issues in obtaining accurate information on deficits and public debt as well as their impact on aggregate economic activity. The studies document the explosion of public debt, the potential benefits and costs associated with this explosion and the perceptions of the debt problems from the viewpoints of various national economies as well as the world economy. Professor Arrow was awarded the Alfred Nobel Memorial Prize in Economic Science in 1972.

Financing State and Local Governments (Paperback, 4 Rev Ed): J.Richard Aronson, John L. Hilley Financing State and Local Governments (Paperback, 4 Rev Ed)
J.Richard Aronson, John L. Hilley
R523 Discovery Miles 5 230 Shipped within 7 - 11 working days

State and local governments are at a financial crossroads. As the federal government attempts to reduce its deficits, state governments will have to provide a greater share of support for mandatory social programs. Local governments face demands for new initiatives in education and for civic improvements. Both have obligations to employee pension plans that are large and still relatively untested. Running counter to these claims on state and local budgets is a voter effort to limit the amounts that governments may tax or spend.This fourth edition of James A. Maxwell's classic and widely acclaimed book will help both layman and lawmaker understand the choices open to their governments. It provides a lucid, nontechnical analysis of state and local finance. It gives concise descriptions of the taxes, grants, debt issues, and user charges that finance state and local government and discusses their relative virtues and drawbacks. It traces the history of state and local finance and presents statistical data on expenditures, federal aid, revenue from taxes and user charges, debt, and pension funds. The new edition, in recognition of changes since the mid-1970s, also includes a separate chapter on financing education and broadened analyses of federal grant programs, employee retirement systems, and nonguaranteed municipal debt.

Economic Effects of Social Security (Paperback): Henry Aaron Economic Effects of Social Security (Paperback)
Henry Aaron
R424 Discovery Miles 4 240 Shipped within 7 - 11 working days

The social security system affects people throughout most of their lives, at work and in retirement. The supposed effects of social security on saving, labor supply, and the distribution of income figure prominently in current debates about whether and how to change the system. Theorists have developed alternative analytical frameworks for studying social security, but all involve extreme assumptions introduced for the sake of analytical tractability. Each study seems to describe the behavior of some, but not all or even most people. The shortcomings of available data have created additional roadblocks. As a result, the effects of social security on saving and labor supply are difficult to measure, and how such a complex system influences behavior is not at all well understood.Yet decisions on social security cannot be avoided. If analysts cannot agree, policymakers are likely to increase the weight they attach to perceptions of equity, adequacy of benefits, fairness of taxes, and similar qualitative considerations. Hence it is desirable for lay observers to understand the framework that analysts use and the reasons why there is so much uncertainty. This book sheds light on social security issues by examining evidence from economic studies about how the system affects saving, labor supply, and income distribution. It shows that these studies provide little evidence to support or refute assertions that social security has reduced saving, but they do indicate that it has contributed to the trend toward early retirement. The author finds that the aged are now about as well off on the average as the general population and that social security has played a considerable role in bringing about this equality. This volume is the sixteenth in the second serioes of Brookings Studies of Government Finance.

Shifting Capital - Mercantilism and the Economics of the Act of Union of 1707 (Hardcover, 1st ed. 2018): Aida Ramos Shifting Capital - Mercantilism and the Economics of the Act of Union of 1707 (Hardcover, 1st ed. 2018)
Aida Ramos
R1,222 R965 Discovery Miles 9 650 Save R257 (21%) Shipped within 7 - 12 working days

When the Act of Union was passed in 1707, Scottish parliament was dissolved and the nation's capital became London. While the general public balked at the perceived unfairness of the treaty, the majority of Scottish ministers seemed satisfied with its terms. This book offers an explanation of how that outcome came about. By examining the influence of a particular strain of mercantilist thought, Ramos demonstrates how the negotiations preceding the passage of the Act of Union were shaped by ideas of value, wealth, trade and power, and, accordingly, how the model of positive balance was used to justify the necessity of the Act. Utilizing contemporary evidence from the English and Scottish ministers involved, this book explores alternative arguments regarding the Union, from before 1707 and in early Scottish political economy, thus highlighting the differing economic and political views that have persisted between England and Scotland for centuries. With twenty-first century discontent leading to the Scottish independence referendum and arguments that persist in the wake of the Brexit decision, Ramos produces timely research that investigates ideas of protectionism that feed into mercantilist economic thought.

Public Finance During the Korean Modernization Process (Hardcover): Roy W. Bahl Public Finance During the Korean Modernization Process (Hardcover)
Roy W. Bahl
R609 R566 Discovery Miles 5 660 Save R43 (7%) Shipped within 7 - 12 working days

This final volume in the series Studies in the Modernization of the Republic of Korea, 1945-1975, is an analysis of the contribution of tax and expenditure policy to Korea's rapid economic development during the 1953-1975 period. Based upon specially compiled and comprehensive revenue and expenditure data, the authors first trace the history of Korean fiscal policy during the modernization period and then examine how Korea's fiscal development has differed from that of other countries. The results of the analysis show that Korea did not follow the traditional path of a steadily increasing tax effort, reliance on direct taxes, and emphasis on income distribution. Instead, through improved tax administration and expenditure control, the savings rate was increased dramatically.

Higher Education Finance Research - Policy, Politics, and Practice (Paperback): Mary P. McKeown-Moak, Christopher M Mullin Higher Education Finance Research - Policy, Politics, and Practice (Paperback)
Mary P. McKeown-Moak, Christopher M Mullin
R1,258 R1,001 Discovery Miles 10 010 Save R257 (20%) Shipped within 7 - 12 working days

A volume in Conducting Research in Education Finance: Methods, Measurement, and Policy Perspectives Series Editors David C. Thompson, Kansas State University and Faith E. Crampton, University Wisconsin-Milwaukee There is a void in the literature on how to conduct research in the finance and economics of higher education. Students, professors, and practitioners have no concise document that examines the field, provides history, definitions of terms, sources of data, and research methods. Higher Education Finance Research: Policy, Politics, and Practice fills that void. The book is structured in four parts. The first section provides a brief history and description of the general organization of American higher education, the sources and uses of funds over the last 100 years, and who is served in what types of institutions. Definitions of terms that are unique to higher education are provided, and some basic rules for conducting research on the economics and finance of higher education are established. Although in some ways, conducting research in higher education funding is similar to that for elementary/secondary education, there are some important distinctions that also are provided. The second section introduces guiding philosophies, sources of data, data elements/vocabulary, metrics, and analytics related to institutional revenues and expenditures. Chapters in this section focus on student oriented revenues, institutionally-oriented revenues, and funding formulas. The third section introduces accountability-related concepts by first examining the accountability movement in higher education and performance-based approaches applied in budgeting and funding, then looking at methods to determine public and private returns on investment in postsecondary education, and closing with an examination of finance from the perspective of the primary consumer: students. The fourth and last section of the book focuses on presenting postsecondary finance research to policy audiences to assist in connecting academic research and policy making. Chapters focus on accounting for time considerations in analysis, the placing of data in context to make the data and findings relevant, and ways to effectively communicate findings to various policy-making audiences.

Wind Energy Deployment and the Relevance of Rare Earths - An Economic Analysis (Paperback, 2014 ed.): Anja Brumme Wind Energy Deployment and the Relevance of Rare Earths - An Economic Analysis (Paperback, 2014 ed.)
Anja Brumme
R1,825 R1,474 Discovery Miles 14 740 Save R351 (19%) Shipped within 7 - 12 working days

The worldwide deployment of wind power plants is soaring. Yet the availability of their construction materials could be a potential bottleneck. As rare earth elements represent the most critical materials, Anja Brumme provides a market analysis of rare earths, ascertaining that geological scarcity is not the main problem. Instead, the author identifies four kinds of market failure: market power, co-production, by-production and negative externalities. It becomes apparent that the market for rare earth metals is in a state of severe disequilibrium. Subsequently, her estimate of future rare earth demand patterns based on the wind power industry by 2050 reveals that the current level of supply is unlikely to be sufficient in the long run. To allow for a more elaborate analysis, the author suggests two options of including a rare earth side condition in an integrated assessment model.

The Economics of Public Services - Proceedings of a Conference held by the International Economic Association (Hardcover):... The Economics of Public Services - Proceedings of a Conference held by the International Economic Association (Hardcover)
Martin S. Feldstein, Robert P. Inman
R4,132 Discovery Miles 41 320 Shipped within 7 - 11 working days
Social Security and Economic Globalization (Hardcover, 2013 ed.): Paul J.J. Welfens Social Security and Economic Globalization (Hardcover, 2013 ed.)
Paul J.J. Welfens
R2,405 R1,952 Discovery Miles 19 520 Save R453 (19%) Shipped within 7 - 12 working days

Economic globalization is a complex phenomenon where the links between social security expenditures and globalization are not well understood so far. This study summarizes new key findings and highlights new theoretical insights in the field of social security systems, labor standards, taxation and economic globalization. Moreover, new thoughts on the links between social security systems and migration as well as between free trade areas and social market economy development are presented. The book analyzes the role of a changing age dependency using a Branson model and it derives implications for the stock market price index, the exchange rate and the interest rate. Economic globalization needs to be politically managed and through the Transatlantic Banking Crisis and the Euro Crisis the need to more carefully draw the rules of the game for financial globalization has been highlighted. Unstable financial markets have a large potential to undermine social market economies and social security systems. The rising income inequalities within countries raise more policy challenges for Europe than for the US.

Welfare State at Risk - Rising Inequality in Europe (Hardcover, 2014 ed.): Dieter Eissel, Ewa Rokicka, Jeremy Leaman Welfare State at Risk - Rising Inequality in Europe (Hardcover, 2014 ed.)
Dieter Eissel, Ewa Rokicka, Jeremy Leaman
R3,349 R2,692 Discovery Miles 26 920 Save R657 (20%) Shipped within 7 - 12 working days

This book investigates the causes of inequalities that have developed in the European Union, analyzes their social and economic consequences, and assesses the political measures taken to address these issues - also on the basis of public survey results.

The detailed analyses presented focus on structures of inequality to be found in the areas education, culture, labor market, Internet access, families and children, gender, and the regions of the EU. The book also critically examines both the legal framework conditions and financial / taxation policy as instruments that can be used to either produce or combat inequality.

On Collective Goods, Voluntary Contributions, and Fundraising (Paperback, 2014 ed.): Alexander von Kotzebue On Collective Goods, Voluntary Contributions, and Fundraising (Paperback, 2014 ed.)
Alexander von Kotzebue
R1,786 R1,448 Discovery Miles 14 480 Save R338 (19%) Shipped within 7 - 12 working days

Alexander von Kotzebue investigates the interdependency of charitable giving, fundraising, and governmental intervention. His study comprises a literature survey, a model of the donor-fundraiser relation, and finally, an econometric analysis of the impact of fundraising on giving behaviour. The survey introduces theoretical approaches to donor motivation, groups them according to their central assumptions, and assesses their empirical relevance. The theoretical analysis takes for granted that fundraising is an integral part of the giving process, and models the potential conflict concerning the amount of fundraising exerted. Fundraising typically displays an ambiguous effect on donor utility. The empirical analysis employs two extensive datasets to investigate this complex donor-fundraiser relation, while establishing a convincing link of donor-level data to non-profit financial data.

The Economics Of Public Finance (Paperback, Illustrated Ed): Alan S. Blinder The Economics Of Public Finance (Paperback, Illustrated Ed)
Alan S. Blinder
R515 Discovery Miles 5 150 Shipped within 7 - 11 working days

This is the thirty-fifth volume in the Brookings Studies of Government Finance series. In the first of its four essays, "Analytical Foundations of Fiscal Policy," Alan S. Blinder of Princeton University and Robert M. Solow of the Massachusetts Institute of Technology survey the theoretical and empirical underpinnings of fiscal policy. After discussing how the influence of fiscal policy on macroeconomic activity ought to be assessed, the authors examine and find inadequate the dictum that government should balance the budget rather than the economy. They defend again both theoretically and empirically the efficacy of fiscal policy against the monetarist challenge. From an examination of the lags and uncertainties in the operation of fiscal policy and an analysis of the 1968 70 income tax surcharge, they conclude that, although much remains to be learned about the econometrics of policy multipliers, the post-surcharge experience in no way undermines the theoretical foundations of fiscal policy. Where the burdens of various taxes fall has been a matter of intense interest to economic theorists in the last twenty years. As public expenditures (and taxpayer resistance) rise, not only must policy makers try to distribute the burdens of taxation equitably, but they must also attempt to move toward national goals by judicious use of tax instruments. George F. Break of the University of California at Berkeley, in "The Incidence and Economic Effects of Taxation," a comprehensive review of recent tax literature, focuses on the theoretical studies that have helped to expand knowledge of tax incidence and the empirical studies that support newly developed hypotheses. In each area he surveys the design of theoretical and general sales and income taxes; the effect of economic choices, both of individuals and businesses, on the national well-being Break indicates the ground still to be covered and the potential benefits of further inquiry. In "Public Expenditure Budgeting," Peter O. Steiner of the University of Michigan explores the literature dealing with the hard questions underlying public expenditures. What is the public interest? How does the community decide whether the government should undertake or finance a given activity, instead of leaving it to a private action or inaction? On what basis should incremental expenditure decisions of governmental units be made? Steiner reviews the various approaches scholars have taken to the difficult questions surrounding the appropriateness of governmental provision of particular goods and services. Although he finds none of the models fully satisfactory, his work contributes to the debate concerning the process by which collective values are articulated and collective decisions come to be accepted as binding. Dick Netzer's "State-Local Finance and Intergovernmental Fiscal Relations" clarifies the debate that centered around the initial proposals for revenue sharing. The author, Dean of New York University's Graduate School of Public Administration, explores the appropriate distribution of responsibility for public services among federal, state, and local governments, the appropriate revenue systems for the subnational governments, and the appropriate means of coordinating the systems with the responsibilities.

Why Bank Panics Matter - Cross-Disciplinary Economic Theory (Paperback, 2014 ed.): Frederick Betz Why Bank Panics Matter - Cross-Disciplinary Economic Theory (Paperback, 2014 ed.)
Frederick Betz
R1,388 R1,159 Discovery Miles 11 590 Save R229 (16%) Shipped within 7 - 12 working days

Bank panics have always mattered because they create serious disruptions in economic and financial activity, depressing national economies. But they matter even more now, as information and communications technologies have stitched together a global financial system that is more vulnerable to crisis on a large scale. For example, the global bank panic of 2007-08 froze up the national economies of the U.S., England, France, Iceland, Ireland, and Germany -- all at the same time. And each of their governments had to act to bail out their own banks, without a consistent international regulatory framework.

In this volume, Fred Betz takes a unique, cross-disciplinary approach to understanding bank panics, with an emphasis on the U.S. Bank Panics of 1857, 1907, 1930-33, 2007-08 and the European Bank Panics of 2010-2013. Despite over a hundred years of modern economic theory and many excellent historical studies about bank panics, they are still poorly understood and certainly not yet preventable. Partly this has been a function of the limitations of modern economic theory, which cannot interpret bank panics as complex societal phenomena. All societal phenomena are, in reality, multi-disciplinary in scope and cross-disciplinary in connections. Bank panics can best be understood through the collective lenses of sociology, political science, psychology, management science, management of technology, among other disciplines. Through this dynamic approach, the author identifies five key underlying triggers of bank panics: (1) funding excessive leverage in speculation, (2) lack of proper banking regulation, (3) bad banking practices, (4) lack of banking integrity, (5) corrupt banking practices. In so doing, he suggests new strategies for avoiding and recovering from bank panics and other financial crises."

Okonomische Analyse Des Volker- Und Europarechts (German, Paperback): Anne van Aaken, Armin Steinbach Okonomische Analyse Des Volker- Und Europarechts (German, Paperback)
Anne van Aaken, Armin Steinbach
R553 R497 Discovery Miles 4 970 Save R56 (10%) Shipped within 7 - 12 working days
Financial Integration - A Focus on the Mediterranean Region (Hardcover, 1st ed. 2013. Corr. 2nd printing 2013): Marga Peeters,... Financial Integration - A Focus on the Mediterranean Region (Hardcover, 1st ed. 2013. Corr. 2nd printing 2013)
Marga Peeters, Nidal Rashid Sabri, Wassim N. Shahin
R2,694 R2,190 Discovery Miles 21 900 Save R504 (19%) Shipped within 7 - 12 working days

The Arab upheaval and the world's biggest financial crisis after the Great Depression were almost simultaneous in their occurrence. The Mediterranean economies now face a dual challenge of a political and financial restructuring in the light of a shaky economic pedestal on which they stand. In light of this socio-political and economic shift in both inland and in world markets, this book offers a thorough analysis on problems, prospects and the way ahead for the financial integration of the South-Mediterranean region. Several perspectives on financial integration and policy recommendations are put forward from a leading group of researchers specializing on the Mediterranean region.

Infrastructure Public-Private Partnerships - Decision, Management and Development (Hardcover, 2013 ed.): Carlos Oliveira Cruz,... Infrastructure Public-Private Partnerships - Decision, Management and Development (Hardcover, 2013 ed.)
Carlos Oliveira Cruz, Rui Cunha Marques
R2,430 R1,977 Discovery Miles 19 770 Save R453 (19%) Shipped within 7 - 12 working days

Economic development and social welfare depend on the existence of effective and efficient infrastructure systems, particularly in health, energy, transportation and water, many of which are developed and managed through Public-Private Partnerships (PPPs). However, empirical evidence suggests some pitfalls in the use of these PPP arrangements. This book addresses these issues, focusing on mostly three key questions: How to improve the robustness of the decision-making process leading to the option of PPP? How to improve contract management as the longest phase of the process? How can contracts be improved to accommodate uncertainty and avoid harmful renegotiations? The authors explore the concept of flexible contracts, the uncertainty modeling for improving the robustness of the decision-making process, and develop an overall framework for effective contract management, along with a comprehensive analysis of current renegotiation patterns. The ultimate goal is to improve the contractual performance, as well as the overall infrastructure management and social welfare.

Greece's Horizons - Reflecting on the Country's Assets and Capabilities (Hardcover, 2013 ed.): Pantelis Sklias,... Greece's Horizons - Reflecting on the Country's Assets and Capabilities (Hardcover, 2013 ed.)
Pantelis Sklias, Nikolaos Tzifakis
R2,961 R2,407 Discovery Miles 24 070 Save R554 (19%) Shipped within 7 - 12 working days

The Greek economic crisis has imperilled the stability of the eurozone, generating much global anxiety. Policymakers, analysts, and the media have daily debated the course of the Greek economy, prescribing ways to move forward. This collection of essays progressively moves from an analysis of the causes of the crisis and the policy responses so far to a debate on some of the country s advantages and capabilities that should underpin its new development model and propel the return to growth. The book analytically chooses to view the glass as half-full and seeks to provide motivation and inspiration for change by indicating some of the economic sectors where Greece maintains a comparative advantage. Therefore, it challenges the emerging picture of Greece as a country doomed to failure, where everything falls apart.

Creative Crisis in Democracy and Economy (Hardcover, 2013 ed.): George C. Bitros, Anastasios D. Karayiannis Creative Crisis in Democracy and Economy (Hardcover, 2013 ed.)
George C. Bitros, Anastasios D. Karayiannis
R2,895 R2,286 Discovery Miles 22 860 Save R609 (21%) Shipped within 7 - 12 working days

Developments across the millennia suggest that, even though democracies and free market economies are continuously challenged by crises and disturbances, such as natural disasters, wars, or technological revolutions, in the countries where they take roots civil liberties deepen and per capita prosperity increases. To substantiate this claim analytically, the authors emphasize the principles that make free markets a sine qua non condition for democracy and study the nature of the relationship between free market institutions and economic growth. By examining the operating principles, outcomes and challenges experienced by contemporary democracies, many lessons are drawn with regard to how governments should act in order to avoid the pitfalls inherently associated with representative democracy. To illustrate the dangers of deviating from these principles, the authors apply their findings to the Greek democracy and economy since the Second World War.

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