This book provides an account of the development of the European Union, from a relatively specialized organ of economic cooperation in the 1960s to the complex, quasi-federal entity that today governs over an increasingly diverse set of policy domains. The book is a must for anyone interested in understanding the past and future of European integration and supranational governance.

This publication contains detailed official national accounts data for over 200 countries or areas of the World for the years 2001 to 2013. It is a valuable source of information on the state and structure of economies worldwide. The data for each country or area are presented in separate chapters with uniform table headings and classifications as recommended in the System of National Accounts 1993 (1993 SNA). Each country chapter also contains a write-up on the methodology and data sources which are used to compile the national accounts. A summary of the SNA conceptual framework, classifications, and definitions is also. It also contains statistics on gross domestic product.

Part of The Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and the economy at large. It focuses on the specific relationship between central banking, monetary policy and social responsibility as central banks wake up to new realities. The book examines this relationship not only in connection to the economic, monetary and financial impact of the so-called 'unconventional' monetary policies, but also in connection to the functioning of today's democracies. A new framework and model for central banking is proposed in this rethinking of monetary policy, and the role of central banks as institutions in democracies is considered. Scholars and students interested in central banking and monetary policy, the issue of social responsibility and the relationship between central banks and democracy will benefit from the ideas presented by the editors and authors of Central Banking, Monetary Policy and Social Responsibility.

The transformation of women's lives over the past century is among the most significant and far-reaching of social and economic phenomena, affecting not only women but also their partners, children, and indeed nearly every person on the planet. In developed and developing countries alike, women are acquiring more education, marrying later, having fewer children, and spending a far greater amount of their adult lives in the labor force. Yet, because women remain the primary caregivers of children, issues such as work-life balance and the glass ceiling have given rise to critical policy discussions in the developed world. In developing countries, many women lack access to reproductive technology and are often relegated to jobs in the informal sector, where pay is variable and job security is weak. Considerable occupational segregation and stubborn gender pay gaps persist around the world. The Oxford Handbook of Women and the Economy is the first comprehensive collection of scholarly essays to address these issues using the powerful framework of economics. Each chapter, written by an acknowledged expert or team of experts, reviews the key trends, surveys the relevant economic theory, and summarizes and critiques the empirical research literature. By providing a clear-eyed view of what we know, what we do not know, and what the critical unanswered questions are, this Handbook provides an invaluable and wide-ranging examination of the many changes that have occurred in women's economic lives.

The evolving field of the economics of terrorism has been and continues to be the subject of much research. Professor Enders, in this authoritative research review, charts the development of this topic over the past century. The areas discussed include incentive regulation, competition in generation, market power, transmission and system operation as well as retail competition and future developments.

The book embarks on the tasks to systematically analyze the macro background of the spatial patterns of China's urban development, the theoretical foundations and framework, and its changing trajectory. From a quantitative perspective, we attempt to evaluate the rationale behind the spatial patterns of China's urban development and systematically simulate the various scenarios. From the simulation results, we propose the optimizing goals, priorities, models, and strategies for the spatial patterns of China's urban development. The work in this book attempts to provide constructive suggestions and potential strategies to support the effort to optimize the spatial patterns of China's urban development. It would be a valuable reference for planning departments, development and reform committees, and science and technology administrative departments at various governmental levels. It could also be a valuable addition to graduate students of urban planning, urban development, urban geography and relevant disciplines.

Impoverished, indebted, and underdeveloped at the close of World War II, Romania underwent dramatic changes as part of its transition to a centrally planned economy. As with the Soviet experience, it pursued a policy of "primitive socialist accumulation" whereby the state appropriated agricultural surplus and restricted workers' consumption in support of industrial growth. Focusing on the daily operations of planning in the ethnically mixed city of Cluj from 1945 to 1955, this book argues that socialist accumulation was deeply contradictory: it not only inherited some of the classical tensions of capital accumulation, but also generated its own, which derived from the multivocal nature of the state socialist worker as a creator of value, as living labour, and as a subject of emancipatory politics.

This book provides a rare integrative interpretation of government-enterprise relations in China, offering readers a comprehensive understanding of the topic. Focusing on the government and its principal goals, it describes the transition of government-enterprise relations and highlights the embedding of the entities of government and enterprises in specific political, economic and social environments. Further, it analyzes how the government's institutional arrangement regulates the behavior of various types of enterprises with different structures, and the logic mechanisms such institutional arrangements use to change and shape government-enterprise relations. Based on these issues and logic mechanisms, the book points out the complexity of government-enterprise relations and the diversity of their transition path, thus reflecting some typical features in the overall reform of China and discussing specific factors related to China's social development experience.

This book analyses neo-liberal economic policy in Hong Kong and its relationship to British colonial governance. Using historical, political, and economic examples, the author argues that the growth and stability experienced by Hong Kong in the post-WWII/pre-1997 era was a direct result of policies enacted by the British in an effort to maintain colonial dominance in an era of decolonization rather than the independent workings of the free market. The book works through examples of policies employed by the British in Hong Kong, such as the creation of artificial scarcity in colonial land policy, the construction of large-scale public housing and the Mass Transit Railway System, and education policy that favored competition. Challenging long-accepted narratives, this book draws a direct line between market fundamentalism and direct colonial control. As such, this book will be of interest to scholars and students of economics, political science, history, and those studying the Asia-Pacific region.

This book discusses the question of how a regional economy can develop under the influence of an ageing and declining population, and how regional development policies can help make labor markets more resilient and more inclusive. As the greatest impacts of demographic change and policy and fiscal challenges can be observed at the local level, examples from European, North American and Asian regions are combined to present a comprehensive, global range of strategic solutions from different policy contexts. The book shows how institutions, organizations and communities can enhance their pathways for sustainable development through the intelligent management of their demographic transition, and offers a synthesis of valuable lessons and strategies.

While standard accounts of the 1930s debates surrounding economic thought pit John Maynard Keynes against Friedrich von Hayek in a clash of ideology, this reflexive dichotomy is in many respects superficial. It is the argument of this book that both Keynes and Hayek developed their respective theories of the business cycle within the tradition of Swedish economist Knut Wicksell, and that this shared genealogy manifested itself in significant theoretical affinities between the two supposed antagonists. The salient features of Wicksell's work, namely the importance of money, the role of uncertainty, coordination failures, and the element of time in capital accumulation, all motivated the Keynesian and Hayekian theories of economic fluctuations. They also contributed to a fundamental convergence between the two economists during the 1930s. This shared, 'Wicksellian' vision of economic problems points to a very different research agenda from that of the Walrasian-style, general equilibrium analysis that has dominated postwar macroeconomics. This book will appeal to economists interested in historical perspective of their discipline, as well as historians of economic thought. The author not only deconstructs some of the historical misconceptions of the Keynes versus Hayek debate, but also suggests how the insights uncovered can inform and instruct modern theory. While much of the analysis is technical, it does not assume previous knowledge of 1930s economic theory, and should be accessible to economists, political scientists, and historians with general economics training, as well as to graduate students in these fields.

This book - the first of two volumes- looks at episodes in American economic history from a public choice perspective. Each chapter discusses citizens, special interests, and government officials responding to economic incentives in both markets and politics. In doing so, the book provides fresh insights into important periods of American history, from the Acadian expulsion in 1755 to the allocation of government grants during the New Deal. This volume features the work of prominent economic historians such as Dora Costa, John Wallis, and Jeremy Atack; well-known public choice scholars such as Jac Heckelman; and younger scholars such as Vincent Geloso and Philip Magness. This book will be useful for researchers and students interested in economics, history, political science, economic history, public choice, and political economy.

This book presents an extensive study on the effectiveness of recent regulations on pharmaceutical prices in India, exploring the weaknesses in the design and implementation of pharmaceutical price controls and investigating what can be done to fix the broken system. In addition, it examines the extent to which essential medicines are actually made affordable by price controls. The book argues that companies make the pharmaceutical price control regime largely ineffective by coordinating to increase pre-regulation prices; by diversifying horizontally away from the regulated markets and increasing prices in the unregulated markets; by manipulating trade margins; and by refusing to comply with the regulation because the penalties remains negligible. The book draws on extensive empirical research involving India's 2013 Drug Price Control Order and widely-used medicines such as paracetamol and metformin to illustrate how firms have weakened regulation. It argues that the regulatory regime can be strengthened by using systematic analysis of product- and region-level data in the Indian pharmaceutical industry, and by screening for the strategies that firms currently employ to circumvent regulation. In closing, it discusses recent efforts to strengthen the implementation of price controls in India and expanding the scope of price controls to medical devices.

A comprehensive assessment of how economic policy is made in Britain at the start of the 21st century and of how the content of taxation, spending, monetary and regulatory policy has evolved since 1945. All of this is set in the context of the impact of globalization and the European Union on the autonomy of domestic policy and an assessment of the debates about British economic performance and British decline.

This important new study presents a systematic and definitive critique of the work of Ronald Dworkin, America's leading public philosopher. Focusing on Dworkin's brilliant and highly influential theory of liberal equality, the study reveals the hazards and limitations of basing the central ideals of liberalism on the logic of the market.

Building on his companion volume on closed economic systems, Dompere develops a theory of aggregate investment, optimal capital, and output dynamics for open economic systems under neo-Keynesian conditions with special reference to growth policy. By constructing and tracing the path of equilibrium aggregate investment, the study isolates and analyzes the internal and external factors that influence the adjusting of investment to aggregate finance and profit. It examines the role international trade and finance play in alleviating domestic technological and savings constraints on capital creation and growth. The theory's conclusions are used to analyze the rate of accumulation and finance needed to support a rate of output growth selected as part of an internal aggregate decision process. The analysis is extended to aggregrate development capital-output planning. The study goes on to discuss conceptual and aggregational problems of measures of economic openness implied in the data requirements across national economies. Here a unique set of theoretical measures of economic openness, different from the traditional, is developed. The book, further, presents a critique and appraisal of the essential capital elements implied by endogenous growth theory.

Two hundred years ago, the first Industrial Revolution sparked a dramatic acceleration in the quantity of goods and services available to the average citizen--a trend of steadily increasing real income per capita that continues to this day. Since that time, economists have struggled to develop systematic explanations for what caused the sudden, rapid increase, why the economy keeps growing, and why the rate of growth varies in different time periods and nations. In this book, F. M. Scherer traces the evolution of economic growth theory from the Industrial Revolution to the present. Emphasizing technological change as the most crucial dynamic force for growth, Scherer analyzes early hypotheses that paid little attention to new technologies, follows the emergence of theories that increasingly emphasized technological change, and reviews the current state of economic growth theory. Pointing out a lack of solid microbehavioral foundations to support contemporary "new growth" ideas, Scherer then supplies some foundational "bricks" concerning financial investment and human capital, and concludes by exploring the prospects for sustaining rapid growth into the next century. Copublished with the British-North American Committee

At the outset of his second term, President Bush's proposal to partially privatize Social Security has touched off a debate of enormous proportion. Disentangling the rhetoric and hyperbole from fact is essential for anyone trying to evaluate the potential merits or pitfalls of the plan. Leonard and Mark Santow-a father-and-son team who integrate two different political viewpoints (fiscally conservative and socially liberal, respectively)-offer specific recommendations for improving Social Security, Medicare, and Medicaid in socially responsible ways that relieve some of the stress on the middle class and promote upward mobility. Explaining sophisticated economic concepts in layman's terms, the Santows expose myths about how entitlement programs actually work, arguing, for example, that while the financial state of Social Security gets most of the press, Medicare and Medicaid are in much more serious trouble. They integrate conservative and liberal viewponts to propose a package of reforms that includes both tax cuts and increases and an overhaul of the government's economic forecasting system. Synthesizing mountains of data and explaining sophisticated economic concepts in layman's terms, the Santows expose myths about how entitlement programs actually work, arguing, for example, that while the financial state of Social Security gets most of the press, Medicare and Medicaid are in much more serious trouble. Moreover, they are highly critical of privatization plans, demonstrating that similar programs have failed in other countries and that such plans are programs are neither fiscally nor socially sound. If the American people value the common commitments that these programs embody, we will need to see them as a package, and fund them accordingly. In response to this challenge, the Santows integrate conservative and liberal viewpoints to propose a package of reforms that includes both tax cuts and increases and an overhaul of the government's economic forecasting system. Featuring a timeline of key events since Franklin Roosevelt signed the Social Security Act in 1935 and an appendix of data tables, the authors offer a primer for concerned citizens, policymakers, educators, students, and finance professionals-anyone with a stake in designing a system that pays for these essential programs in an equitable manner and contributes to our collective prosperity. Featuring a timeline of key events since Franklin Roosevelt signed the Social Security Act in 1935 and an appendix of data tables, the authors offer a primer for concerned citizens, policymakers, educators, students, and finance professionals-anyone with a stake in designing a system that pays for these essential programs in an equitable manner and contributes to our collective prosperity.

This book discusses the ethical dilemmas of migration in the era of globalization. Centered on the recent influx of large numbers of migrants and refugees to the United States and Europe and viewed through the lens of the 2016 World Humanitarian Summit and the United Nations Summit on Refugees and Migrants, this book focuses on the problems posed by globalized migration and analyzes proposed responses. Using prominent ethical theories and moral principles, such as Utilitarianism, duty, justice, and integrity, the book proposes a framework for analyzing decision-making by migrants and policymakers and formulating equitable policies to address the migration crisis. Drawing attention to the ethical dilemmas that migrants and policymakers experience, this book fills a gap in the literature and enriches it, adding to the economic, political, and human rights issues that are traditionally part of the migration discussion. Appropriate for students and scholars of ethics, policy, and political science, this book is also meant to be of use to practitioners and decision-makers faced with similar decisions.

The inclusion and factoring of political risk into accounting and non-accounting decisions is crucial if multinational firms are to avoid negative consequences ranging from unprofitable business environments to the outright expropriation of their assets. In a work that will be of particular value to professionals and academics in international and domestic finance, accounting, and management, the authors examine the characteristics of environments that give rise to political risk, explore the relationship between low economic growth and high political risk, and differentiate between definitions and forecasting models of political risk. They also provide a unique forecasting model to explain and predict risk, and they suggest alternative strategies for managing political risk.