This book examines the many ways in which the Communist Party in China is still revolutionary by focusing on how, in recent years, it has attempted to mobilize Party members to become ethical subjects. In the context of the Party's history of the military revolution, Cultural Revolution and Economic Reform (or economic revolution), the authors argue that under President Xi Jinping the Party has launched an ethical revolution within the Party for the sake of sustaining its legitimacy. This book examines the various combined components of this ethical revolution, including anti-corruption, anti-four undesirable working styles and Mass-Line Education programme from the perspective of the fifty current Communist Party officials.

This advanced textbook provides a straightforward but comprehensive introduction to applied general equilibrium modeling. General equilibrium is the backbone of modern economic analysis, which is why generation after generation of economics students have been introduced to it. As an analytical tool, general equilibrium can provide one of the most complete views of a given economy, as it incorporates all economic agents (households, firms, government and the foreign sector) in an integrated way that explicitly reveals the interplay of economic forces-supply and demand-and the balancing role of prices. Applied general equilibrium goes one step further in modeling, since it entails the integration of microeconomic theory, data handling and computing. This integration is essential for successful empirical modeling, but also involves various abilities that are not found in standard books. This book fills the gap, providing advanced students with the required tools, from the construction of consistent and applicable general equilibrium models to the interpretation of the results that ensue from the adoption of policies. This second edition expands the range of topics covered, including: indispensable general equilibrium theory, step-by-step model design, incremental model extensions, a wealth of sample computer code, procedures for constructing economic databases, database adjustments and database updating algorithms, numerical model calibration, policy strategies and their trade-offs and welfare effects, and a discussion of empirical policy examples.

Phillips assesses prospects for post-national social coherence transcending the traditional nation-state, with a focus on events in Germany. European institutional integration has been seen as a stabilizing alternative to the nation-state system, a system that resulted in two devastating world wars. However, economic interests appear to have been more effective instruments of transnational integration in Europe. Further, until 1989, part of this alternative vision was a divided Germany.

He explicitly links a focus upon the Federal Republic, central to post-Cold War Europe's future, with a study of private business, perhaps the most indispensable agent of Germany's post-1945 rehabilitation. Business support has been imperative to European integration. Nonetheless, if the European Union is attractive to members or potential members only for economic reasons, then no matter how wealthy its constituent parts may be, potential harmful effects of interstate competition will continue to pose a threat to social coherence of the EU, the Continent, and the world beyond. With the aid of analysis of companies largely perceived as being German, but which are increasingly transnational, Phillips shows how interdependent business needs may overcome nationalist and institutional conceptions in the transnational integration processes. For scholars, researchers, and policy makers involved with European integration, international relations, and German Studies.

This book examines the application of risk-sharing finance as a national economic policy in history and how it stimulated economic recovery during a short period in Germany between 1933 and 1935. Economic history indicates that risk-sharing instruments have promoted socio-economic development in many parts of the world while risk-shifting methods have imposed huge socio-economic costs on many nations, leading to debt slavery on individual members. This book highlights lessons to be learned from history and argues that risk-sharing is a powerful tool for generating rapid economic recovery and resumption of growth.

This book provides a new methodological approach to money and macroeconomics. Realizing that the abstract equilibrium models lacked descriptions of fundamental issues of a modern monetary economy, the focus of this book lies on the (stylized) balance sheets of the main actors. Money, after all, is born on the balance sheets of the central bank or commercial bank. While households and firms hold accounts at banks with deposits, banks hold an account at the central bank where deposits are called reserves. The book aims to explain how the two monetary circuits - central bank deposits and bank deposits - are intertwined. It is also shown how government spending injects money into the economy. Modern Monetary Theory and European Macroeconomics covers both the general case and then the Eurozone specifically. A very simple macroeconomic model follows which explains the major accounting identities of macroeconomics. Using this new methodology, the Eurozone crisis is examined from a fresh perspective. It turns out that not government debt but the stagnation of private sector debt was the major economic problem and that cuts in government spending worsened the economic situation. The concluding chapters discuss what a solution to the current problems of the Eurozone must look like, with scenarios that examine a future with and without a euro. This book provides a detailed balance sheet view of monetary and fiscal operations, with a focus on the Eurozone economy. Students, policy-makers and financial market actors will learn to assess the institutional processes that underpin a modern monetary economy, in times of boom and in times of bust.

This book provides a concise overview of Marx's philosophy and political economy, tracing various changes of his theoretical views over time through his practical and theoretical engagements with contradictions of capitalism from the unique perspective of Japanese Marxism. While it offers an objective introduction to Marx's critique of capitalism, Sasaki uniquely pays particular attention to the concept of "metabolism," whose disruption under the capitalist mode of production causes exhaustion of labour-power as well as natural resources. Sasaki reconstructs Marx as a revolutionary thinker, whose devoted his entire life for the sake of establishing a more free and equal society beyond capitalism. Sasaki's book shows that Marx's passion for the socialist revolution in his last years is recorded in his late excerpt notebooks that become available through the Marx-Engels-Gesamtausgabe.

This edited collection brings together leading theoretical and applied research with the intent to design a sustainable global financial future. The contributors argue that our world cannot move toward sustainability, address climate change, reverse environmental degradation, and improve human well-being without aligning the financial system with sustainable development goals like those outlined by the United Nations. Such a system would: a) be environmentally and socially responsible; b) align with planetary boundaries; c) manage natural resources sustainably; d) avoid doing more harm than good; and e) be resilient and adaptable to changing conditions. The overarching theme in this collection of chapters is a response to the worldwide, supranational sustainable finance discussions about how we can transition to a new socio-ecological system where finance, human well-being, and planetary health are recognized as being highly intertwined.

This book is a treatise against neoliberalism illuminated by the path of China. China is a model to be mimicked, but more so theoretically than by replication. If anything, nations of the global South must rid themselves of neoliberally imposed 'one-size-fits all' models, instrumentalised to shift value to US empire. Neoliberal models, robbing nations of their histories and resources, are negative 'best practice' serving the interests of the hegemon. Developing nations need to search for the theory that corresponds to their own conditions and development strategies. China's experience, anchored in labour as the historical agent, offers numerous theoretical cues as to how to build comparable home-grown paths. Thinking development with a subject voids reductionist politics in favour of sober class analysis. The study concludes by restating the age-old wisdom that there is no development without the rule of labour.

This book brings together conceptual and empirical analyses of the causes and consequences of changing business-government relations in China since the 1990s, against the backdrop of the country's increased integration with the global political economy. More specifically, it provides an interdisciplinary account of how the dominant patterns of interactions between state actors, firms and business organizations have changed across regions and industries, and how the changing varieties of these patterns have interacted with the evolution of key market institutions in China. The contributors to this edited volume posit that business-government relations comprise a key linchpin that defines the Chinese political economy and calibrates the character of its constitutive institutional arrangements.

This edited volume discusses the role of innovation and regional integration in economic development in Africa. Over the past five decades, post-colonial African countries have struggled to break loose from the trap of poverty and underdevelopment through the adoption of various development strategies at regional, national, and continental levels. However, the results of both national and regional efforts at advancing development on the continent have been mixed. Although the importance of agglomeration and fusion of institutions have long been recognized as possible path to achieving economic development in Africa, the approach to regionalism has been unduly focused on market integration, while neglecting other dimensions such as social policy, mobility of labor, educational policy, biotechnology, regional legislation, manufacturing, innovation, and science and technology. This volume investigates the link between innovation, regional integration, and development in Africa, arguing that the immediate and long term development of Africa lies not just in the structural transformation of its economies but in the advancement of scientific and innovation capacities. The book is divided into four parts. Part I addresses the theoretical and conceptual underpinnings of innovation and regional integration in Africa. Part II presents case studies which examine how regional economic institutions are fostering innovation in Africa. Part III of the book deals with sectoral issues on innovation and integrated development in Africa. Part IV sets the future research on innovation, regional integration, and development in Africa. Combining theoretical analysis and a comparative, interdisciplinary approach, this volume is appropriate for researchers and students interested in economic development, political economy, African studies, international relations, agricultural science, and geography, as well as policymakers in regional economic communities and the African Union.

The book is a comprehensive study of the strategic position of Yangtze River Economic Belt in the political and economic development of China. It is a holistic and precise qualitative and quantitative delineation of Jiangsu's position in this belt and its development strategy, and the strategic position of Yangtze River Economic Belt in national development. It also illustrates the great significance of the initiation of Yangtze River Economic Belt for the economy, politics, environment, and integration of natural resources. There is a research of the position of Jiangsu in the construction of the nation, and the difficulties it has encountered. Coordinated and balanced development of Yangtze River Economic Belt will effectively facilitate reasonable allocation and exploitation of various resources, the implementation of other national strategies, and communication and cooperation between China and Western countries, enhancing their mutual understanding. Therefore, common readers can get some general information from different perspectives, and professionals can have a detailed understanding of different arrangements and guiding principles. It is thus suitable for different readers.Yangtze River Economic Belt runs through the three regions of China, making a vital latitudinal axis, whose coordinated and balanced development is of great strategic importance for promoting coordinated and shared development of the three regions and for the spatial balance of population, economy and the environment. The current imbalance between them, the absolute disparity in regional development, the obstruction in the flow of resource factors, the inequality in development opportunities, the incoordination between regional economic growth and the bearing capacity of resources and environment, the fragmentation of regional economic policies, all contribute to the insufficient utilization of the Golden Waterway, problems numerous. How coordinated and balanced development can be realized within this economic belt is a prominent and pressing, even a severe problem.

This edited collection examines the evolution of regional inequality in Latin America in the long run. The authors support the hypothesis that the current regional disparities are principally the result of a long and complex process in which historical, geographical, economic, institutional, and political factors have all worked together. Lessons from the past can aid current debates on regional inequalities, territorial cohesion, and public policies in developing and also developed countries. In contrast with European countries, Latin American economies largely specialized in commodity exports, showed high levels of urbanization and high transports costs (both domestic and international). This new research provides a new perspective on the economic history of Latin American regions and offers new insights on how such forces interact in peripheral countries. In that sense, natural resources, differences in climatic conditions, industrial backwardness and low population density areas leads us to a new set of questions and tentative answers. This book brings together a group of leading American and European economic historians in order to build a new set of data on historical regional GDPs for nine Latin American countries: Argentina, Bolivia, Brazil, Chile, Colombia, Mexico, Peru, Uruguay and Venezuela. This transnational perspective on Latin American economic development process is of interest to researchers, students and policy makers.

This monograph offers a unique conceptual bridge between economic geography and Middle Eastern political economy. Arab economies are confronted with enormous structural difficulties such as high rates of youth unemployment in a challenging demographic context, exacerbated by intense spatial disparities. These structural problems demonstrate the breakdown of the "Arab social contract", a social arrangement centered on a strong role of the state in welfare and employment provision, for which regimes demanded acquiescence to authoritarian rule. The book argues that the Arab social contract can be understood in terms of regulation theories known in economic geography and sociology. It uses the approaches such as the regulation school, national systems of innovation, social systems of production, and varieties of capitalism to analyze the structural difficulties of Arab economies and current reform efforts. The basic assumption is that Arab economies are currently faced with a structural crisis. After the breakdown of the Arab social contract, there is a mismatch between the economic and institutional spheres of society. The challenge is for Arab societies to develop new forms of socio-institutional regulation. The book proposes ways towards such new modes of regulation by developing a framework for regulation specifically targeted towards Arab societies, and by applying it to the cases of Tunisia and Jordan.

This book analyzes the various problems of growth, trade and public policy from the perspective of applied economics, based on research in areas such as public policies, trade and regulation, and development economics. Part 1 investigates the broad problems of growth and regional economy, focusing on economic developments in Japan and Korea. Part 2 discusses trade and foreign investment in Japan, mainly on an empirical basis. Part 3 then examines various public economic policies using applied analysis tools. The papers in this volume have been collected to commemorate ten years of academic exchange between the Japan Association for Applied Economics (JAAE) and the Korean Economics and Business Association (KEBA), and include an applied economic analysis of growth and trade in Korea and Japan.

This book examines economic policies utilized within Southeast Europe in response to the COVID-19 pandemic. Covering countries both within and outside the European Union, the human and economic cost of the pandemic is calculated using macroeconomic models from a short and longer term perspective. The economic policies used during the pandemic are analyzed, alongside crisis management approaches, to highlight the effectiveness of monetary policy, fiscal policies and potential future economic solutions for the post COVID-19 period. This book aims to provide policy recommendations based on findings from Southeast Europe. It is relevant to researchers and policymakers involved in economic policy and the political economy, as well as anyone interested in the responses to the COVID-19 pandemic.

This book describes various methods of analysis for ascertaining the effects of agglomeration economies, which are important for formulating regional economic policies. Specifically, it describes new analytical approaches using productivity and productive efficiency analyses as methods for understanding agglomeration economies. Additionally, the book provides application results for Japanese regions and proposes desirable regional policies. According to the new analytical methods advocated in this book, agglomeration economies are larger in major metropolitan areas than in local regions, and in the manufacturing sector than in the non-manufacturing sector. These results are consistent with general knowledge. Moreover, the majority of productivity growth pertaining to regional economies is explainable by improvements to accessibility. Improving accessibility for regions reduces transportation costs between them and strengthens agglomeration economies, which, in turn, enable the sustainable development of regional economies. Therefore, this book highlights the need not only to reinforce existing agglomeration areas, but also to form a network between these agglomerations and to strengthen it, so as to realize regional economic growth despite a decreasing population.

This collection investigates modern imperialist practices and their management of hunger through its punctuated distribution amongst asymmetrically related marginal populations. Drawing on relevant material from Egypt, Ireland, India, Ukraine, and other regions of the globe, The Aesthetics and Politics of Global Hunger is a rigorously comparative study made up of ten essays by well-established scholars from universities around the world. Since modernity, we have been inhabitants of a globe increasingly connected through discourses of equal access for all humans to the resources of the planet, but the volume emphasizes alongside this reality the flagrant politicization of those same resources. From this emphasis, the essays in the volume place into relief the idea that ideological and aesthetic discourses of hunger could inform ethical thinking and practices about who or what constitutes the figure of the modern historical human.

The expert authors in this timely volume offer diverse perspectives on how corruption distorts state and market relations, while drawing from insights in political science, economics, and law. This book represents a new wave of research in political economy, relying on methodological rigor to address topics ranging from corruption in taxation and trade to crony capitalism and false anti-corruption reforms. Key chapters provide a thorough review of the literature on links between political connections and democratic institutions. Special attention is paid to the OECD Anti-Bribery Convention, the US Foreign Corrupt Practices Act, China's anti-corruption drive, and language used to discuss tax evasion. Case studies from various regions-such as China, Paraguay, South Africa, and New York City-anchor the analysis with real-world situations. Greed, Corruption, and the Modern State is a critical resource for students, researchers, and practitioners interested in development, economics, governance, and corruption. Contributors: P. Alldridge, D. Batzilis, J. Bussell, K.E. Davis, A. Diaz-Cayeros, R. Fisman, N. Hite-Rubin, F. Hualing, R. Huang, P. Lagunes, B. Magaloni, K. Moene, V. Romero, S. Rose-Ackerman, S. Sequeira, T. Soreide, M.C. Stephenson, S. Straub, F. Varese

China's economic development plans and programs for the next century are designed to place her among the world leaders as an economic powerhouse. In order to compete, businesses from around the world must understand the direction in which China is moving. In this way they can better work within Chinese policy to access the Chinese market and production potential. Business people need to develop a pragmatic approach to the Chinese political system, acknowledging that it is likely to remain in place, and leaving its evaluation to the political scientists.

Business leaders and policymakers on the state through multinational levels will benefit from this thorough review and analysis of the Chinese policy aimed at economic development. Scholars and students will find much interesting material concerning the world in which we will be doing business in the next century.

This book focuses on international relations in the Indian Ocean region and covers many policy aspects of Modi's India. Written by leading scholars of international and Indian Ocean studies, this annual report includes both a strategic review and the major events and related data in this region. It also discusses the origin, aims, frameworks and regional and global impact of India's development under the Modi administration, offering readers a full and authentic picture of the most recent developments in India. This year's Annual Report is the fourth of this kind and the only one to include the Indian Ocean region of China.

This book focuses on the application of newly innovated analytical tools for sustainable development on regional economic and environmental issues in Korea. With a range of case studies, the authors explore a series of theoretical models and empirical methods including spatial CCE Model, multiregional Input-Output and econometric analysis, logit model, contingent valuation method, GIS, sample selection model, machine learning technique, stochastic frontier analysis, and panel analysis. These models and methods are tailored to spatial development issues such as agglomeration, clustering and industrial innovation, human capital and labor market, education and R&D investments and economic resilience for regional economies and unexpected disaster, and natural resources for environmental markets. Quantitative Regional Economic and Environmental Analysis for Sustainability in Korea is of particular interest to policy makers and practitioners, as well as research scholars active in sustainability science.

This book offers a systematic investigation of the ecological and environmental issues related to the land cover changes in Nepal by researchers from both China and Nepal. It discusses the eco-environmental issues faced by Nepal, particularly in the hills and mountain regions. It also sheds light on the global concerns regarding the eco-environment issues of mountains, and analyzes the various causes and potential consequences of eco-environmental degradation in Nepal. The book is of particular interest to students, researchers, experts, and decision-makers wanting to gain a general overview of land cover in Nepal and its dynamics, environment and natural resources, as well as mountain hazards.