The COVID-19 pandemic has fundamentally altered the global economic landscape, with the smallest and most vulnerable economies particularly hard hit. In the Northern Triangle countries of El Salvador, Guatemala, and Honduras, the crisis has cost lives and livelihoods. It has impacted both the demand and supply sides of the economy, posing difficult policy tradeoffs. Risks to macroeconomic stability are now growing. Each country will likely exit the crisis with an even greater need for reform. Escaping the Governance Trap: Economic Reform in the Northern Triangle provides a framework for understanding the challenges of those three Central American nations, proposing that the lack of governing capacity in each country is a crucial problem. This book argues that economic reforms can help the Northern Triangle countries escape their governance traps and identifies priority areas of economic reform. Sectors covered include fiscal policy, monetary and exchange rate policy, financial access and deterrence, and structural reforms. It also highlights the role that stakeholders like the United States can play to help in these reform efforts, and how those outcomes affect the United States and the global community. All told, Escaping the Governance Trap provides an accessible, direct account of the Northern Triangle's economic challenges and how to fix them.

The development of the welfare state has been accompanied by greater freedom being granted to workers in industrialized capitalist countries. The themes of this probing volume concern how governments, employers, trade unions, and workers have acted to promote economic growth and accountability with active industrial policies and forms of co-determination, worker self-management, and/or employee ownership. The book's essays address the key dimensions of economic, social, and political change in five industrial democracies: the United States, the United Kingdom, France, Germany, and Sweden. A major focus of the volume as a whole is on economic management and workplace reform in a variety of national settings. Managing Modern Capitalism is divided into three sections, covering strategies for industrial renewal, workplace democracy in practice and theory, and future perspectives. In the first section, each of the five countries are compared and contrasted in light of their attempts to stimulate economic growth and reduce unemployment under conditions of international interpendence of capital and markets. Country-by-country profiles highlight the second section, which also examines various forms of employee consultation, participation in managerial decisions, and ownership. The third section and conclusion evaluate prospective economic trends and workplace democracy in the capitalist nations. This book will be of interest to policymakers, scholars, and journalists, as well as to advanced students in political science, economics, history, and sociology.

Economists are being asked to provide explanations and prescriptive policy for addressing the questions of chronic poverty and underdevelopment in the world. Answers are needed not only for the questions of how and why these problems arise, but also whether the problems can be prevented and how the problems can be approached. This book is an exposition to the student, the researcher, and the practitioner in the field of economic development giving an approach from the basic rudiments to the advanced level and bridging the gap between the neoclassical models of growth and development and the modern structuralist approaches to the study and analyses of economic development.

Gobeyn presents the first book-length treatment of the declining significance of corporatist governance in advanced capitalism, linking that decline to international political economic forces. He contends that current patterns of conflict within corporatist political bargaining institutions in capitalist states can be traced to attitudinal shifts on the part of capitalists toward corporatist institutional arrangements. Business interests, it is argued, may no longer be viewing traditional practices of national corporatist action as either beneficial or necessary given recent changes in domestic and international economic environments. Recent state modifications to corporatist forms have therefore been initiated.

This book utilizes an innovative approach combining qualitative and quantitative methods to investigate the correlations between monetary policy, economic growth, inflation and asset price volatility, explores the creation of financial risk prevention systems and reaches conclusions with both theoretical and practical value. The book offers an empirical analysis of the effectiveness of monetary policy, specifies the correlations between monetary policy, economic growth and inflation and provides a theoretical basis for and empirical demonstration of monetary policy implementation in China. Previous research in China has primarily focused on the correlation between monetary policy and a specific asset price, while this book comprehensively addresses the appropriateness of real estate, stock, bond and futures price regulation through monetary policies, lending it a high degree of practical significance. In order to arrive at a systemic risk prevention and regulation mechanism for China, the book uses the GARCH mean value model and MGARCH-BEKK model to create a pressure index and provide a three-level pre-warning system for currency crises, bank crises and asset bubble crises. The book systemically introduces the idea of macro-prudential regulation into the Chinese financial system by first clarifying the necessity of implementing macro-prudential regulation in China and then proving its effectiveness in mitigating pro-cyclicality and enhancing steady economic growth by constructing a mitigation model.

This book provides an overview of the ongoing transition in China's health system, especially focusing on the new healthcare reform initiated in 2009. First, it reviews the changes in China's healthcare system from the 1950s to 2008, establishing the situation when the reform was introduced. The book subsequently analyzes the social and economic context in which the health system is embedded. Since the primary focus is on the new healthcare reform, the book introduces the blueprint and the year-for-year development of the new healthcare reform, as well as the specific reforms in health financing, public hospitals, and primary care. Given its central importance in the health system, the book also described major trends in long-term care in the past several years. In addition, it examines the health policy-making process with a case study of the New Cooperative Medical Scheme of China. Lastly, the book assesses the performance of China's health system and predicts future developmental trends.

Countries that have suffered ethnic or religious conflict and become segregated societies reflect these divisions in education provision for their children. Northern Ireland is a case study in point where a parallel system of schools offers education in Catholic maintained schools and Protestant (de facto) controlled schools. While school segregation is the most obvious manifestation of Northern Ireland's fractured society, there are more important issues of 'educational inequality' with respect to schools and pupils. This book analyses three issues in some detail: segregation, educational performance and inequality in educational outcomes between schools and between pupils from deprived and affluent family backgrounds. Thus far public policies to tackle these issues have been met with limited success. The authors consider an alternative approach, which they term 'shared education', the aim of which is to improve school performance and, in so doing, to dismantle some of the barriers between maintained and controlled schools.

Contributors from diverse disciplinary, ideological, and theoretical perspectives, examine the multiple aspects and dimensions of globalization. By employing a variety of methodological approaches, the authors provide insights into the role of numerous agents in furthering the process and project of present and future globalization(s), as manifested in economic, political and cultural domains. Furthermore, they address the impacts of globalization in nation-states, emancipatory feminist and environmental movements, and migrant communities, as well as identify their participation in and opposition to the phenomena of globalization.

This book is the first full-length treatment of the desirability and feasibility of implementing a citizen's income (also known as a basic income). It tests for two different kinds of financial feasibility as well as for psychological, behavioral, administrative, and political viability, and then assesses how a citizen's income might find its way through the policy process from proposal to implementation. Drawing on a wide variety of sources of evidence from around the world, this new book from the director of the Citizen's Income Trust, UK, provides an essential foundation for policy and implementation debates. Governments, think tanks, economists, and public servants will find this thorough encompassing book indispensable to their consideration of the economic and social advantages and practicalities of a basic income.

Ecotourism Development in Costa Rica: The Search for Oro Verde, by Andrew P. Miller, examines the use of ecotourism as a development strategy in Costa Rica and its applicability to other Central American states. Ecotourism provides an important environmental check on industry, giving the environment a voice by making its preservation an economic necessity due to the number of people who derive their income from it. The move away from agriculture to ecotourism is a natural fit because many of those who are engaged in agriculture have extensive knowledge of plants and animals that can be utilized by the ecotourism industry. The use of ecotourism as a development strategy is distinctive. For ecotourism to succeed, it must preserve the natural environment, but it must do so in a way that does not preclude growth in other sectors of the economy. Miller shows how the successful pursuit of foreign direct investment coupled with Costa Rica s immense biodiversity and its attractiveness to tourists is key to understanding the success of the Costa Rican economy. Many of the preferences that ecotourists have for a vacation destination also help create an amenable atmosphere for business. These factors include: political and social stability, high quality of life, low levels of corruption, economic freedom, high levels of education, and a suitable infrastructure. The most important part of this research is its development of strategies based upon the Costa Rican model that would be useful for other states in the region. When looking at whether states can replicate the development strategy of Costa Rica, environmental sustainability is an important concern. Ecotourism Development in Costa Rica is an essential text for students and scholars interested in Latin American politics and history, development studies, and environmental sustainability."

This book analyzes new forms of capitalism that are manifesting under the pressures of global transformation. By studying economic and environmental indicators in various parts of the world, it seeks to reconcile economic growth with environmental and social sustainability, which is an important issue in both developed and emerging economies. These indicators include the explosive development of digital technologies and new global value chains, which are reshaping economies and societies all over the world. The contributing authors also address the challenge of immigration, the sustainable development transformation, the ties between productivity and social rights, automation and global value chains, the energy transition, and innovation and sustainable growth.

This book sheds light on the dollarization trends of four transitional economies in Southeast Asia: Cambodia, Lao PDR, Myanmar, and Vietnam. Moving beyond the tendency to focus on the Latin American experience of dollarization and prolonged high inflation, the chapters in this book compare how payment dollarization has been more persistent than other types of dollarization in this region due to network externalities. The book illustrates that dollarization started in the underdeveloped financial system in these countries and that dollarization interacted with financial development, which is in contrast to dollarization in Latin America. This project extends the frontiers of empirical studies on dollarization. It will be of interest to students, researchers and policy makers concerned with dollarization and economics in Southeast Asia.

This book is the first comprehensive, full-scale treatment of the politics, law, and economics with regard to the policies and policy instruments for budget stabilization at the local level. It examines budget stabilization in the United States from the 1910s to 2010 (from adoption of public budgeting in this country through the Great Recession). In addition, it provides details on the methods and results of empirical tests of the effects of budget stabilization instruments on government operations, key/basic services provision, and some other aspects of social and economic life at the local level, including full-purpose governments (county, metro city, municipality, township, and village) as well as special (single-) purpose governments (like school districts and transportation districts). This book dissects an important and pressing issue in public financial administration, analyzes a lesson that has been in the learning process, especially in the United States, and identifies theoretical threads for scholarly refinement, which will be put into specific contexts of policy design and implementation. This book will be of interest to scholars in political science, economics, public choice and in public administration, where it will also appeal to policy-makers.

This book aims to contribute to the literature and aid in developing a theoretical and practical framework in the area of health and wellness tourism. With contributions and research from different countries using a practical approach, this book is an essential source for students, researchers and managers in the health and wellness tourism industry. Recently, there has been an increased interest in health and wellness due to greater life expectancy, aging populations, increasing levels of stress among others. In this context, the concepts of health, wellness, beauty, relaxation, and tourism can be combined to satisfy the needs of people seeking better quality-of-life. This has given rise to health and wellness tourism, a new market segment that contributes to employment and economic growth in the new economy. Health and wellness tourism involves two aspects: therapeutics, which seeks to cure certain diseases; and relaxation and leisure. As an alternative to traditional tourism, health and wellness tourism provides a new means of achieving regional and local development from a demographic, social, environmental and economic point-of-view. It contributes to tourist destinations' economic growth, acting as a pillar to support other complementary activities. In short, health and wellness tourism contributes to employment growth and regional wealth, contributes to tourism seasonality, promotes quality in tourism destinations, helps create new tourist services with high value, promotes establishment of international cooperation networks, and yields a number of additional benefits. Featuring a variety of programs and initiatives from different regions, with an emphasis on thermal and thalassotherapy establishments, this volume sheds light on this emerging market segment and its implications for economic and policy development.

This book deals with macro and micro aspects of population change and their inter-face with socio-economic factors and impact. It examines theoretical notions and pursues their empirical manifestations and uses multidisciplinary approaches to population change and diversity. It investigates the organic nature of the relationships between socio-economic factors and population change and the feedback loops that affect socio-economic organisation and behaviour. The book brings together material often scattered in a number of sources and disciplines that helps to understand population change and their socio-economic aspects. In addition to dealing with the more conventional factors in population dynamics in the form of fertility, mortality and migration, the book examines socio-economic forces that influence them. It discusses population evolving attributes that affect population characteristics and social and behaviour and impact on the environment. Further, it deals with social organisation and pathways that lead to different social and economic development and standards of living of diverse populations.

This book provides the first comprehensive analyses of the challenges all European welfare systems have been facing since 2007, combining in-depth country-based studies and comparative chapters. It focuses on: 1) the economic and financial crisis, 2) demographic change, and 3) the balance between avoiding risks and opening up opportunities in social policy. The results show that European welfare systems tend to face the same challenges in different ways and that also their responses to those challenges differ considerably. Although the EU also plays a part in shaping national welfare systems, it becomes evident that European welfare systems are by no means converging: in terms of social policy, national diversity within Europe is still a major factor that will shape future developments in European welfare systems.

Based on extensive field work involving the leading figures of the diverse Syrian National Coalition, an umbrella initiative of opposition groups fighting against the Assad regime, this study critically evaluates the challenges ahead as well as the inherent opportunities for the post-conflict era in Syria.

The South Asian diaspora is a diverse group who settled in different parts of the world, often concentrated in developed countries. There is an emerging trend of re-engagement of the diaspora in the South Asian region. Entrepreneurs in Japan and Singapore as well as the Malaysian Indian diaspora are involved in South India making the region a lucrative space for capital, talent and ideas. This volume expands into diasporic communities such as the Nepali community in Singapore and their contribution to their home economy through remittances. Beyond economics, the contributors explore how transnational politics overlap with religious ideologies amongst Pakistanis in United Kingdom and the Sathya Sai Baba movement which contributes to diasporic identity building in host countries. They also explore media and culture: in the last decade Bollywood films have portrayed life in the diaspora, and have featured the diaspora and Non Resident Indians (NRI) as fully formed stock characters and protagonists. The process of diaspora re-engagement has tremendous development implications for South Asian countries, both individually and for their regional integration.

More than two billion dollars. That's how much money was spent in the 2012 presidential campaign-the most expensive campaign in history. Each party raised and spent more than one billion dollars as the traditional boundaries of campaign financing were ignored. Both parties could do so because they were playing in a game with new rules-rules that largely developed after the 2010 Supreme Court ruling known as Citizens United. That case removed many restrictions on donation limits, particularly for corporations and unions. The result was the development of a new set of political players called "Super PACs" that were allowed to enter the political arena and spend an unlimited amount of money on behalf of clients. This book looks at how Super PACs raised and spent money and influenced the 2012 election. It provides an insightful look at how both right- and left-leaning groups approached the election and impacted the political process.

This book contributes to the debate on the decoupling of emerging economies from the advanced economies with a new, empirical investigation approach. Taking counterfactual experiments performed using a time-varying panel VAR model, the author argues that over the last thirty years, emerging economies have become less vulnerable to shocks spreading from advanced economies. This resilience to external shocks has changed in a non-progressive manner over time, with phases of greater resilience followed by others of lower resilience and vice versa. This research outlines its wave-like path and presents new results that contribute to the discussion.

This contributed volume features state-of-the-art research from ten different countries on implementation, institutionalization and the future prospects of social entrepreneurship. This volume aims at bringing together research that considers the context of economy, politics and cultural issues combining with the needs of social and human development. By conceptualizing the notion of social entrepreneurship and societal entrepreneurship, this volume aims to disseminate the numerous streams of research and theory of social entrepreneurship to educators, libraries, scholars, non-profit researchers, public policy makers, practitioners, undergraduate and graduate students, and any organization or person interested in staying abreast of advances in this area. It is also an important reference book for teachers, students and faculty interested in conducting research or teaching social entrepreneurship.

This volume examines two distinct low fertility scenarios that have emerged in economically advanced countries since the turn of the 20th century: one in which fertility is at or near replacement-level and the other where fertility is well below replacement. It explores the way various institutions, histories and cultures influence fertility in a diverse range of countries in Asia, Europe, North America and Australia. The book features invited papers from the Conference on Low Fertility, Population Aging and Population Policy, held December 2013 and co-sponsored by the East-West Center and the Korea Institute for Health and Social Affairs (KIHASA). It first presents an overview of the demographic and policy implications of the two low fertility scenarios. Next, the book explores five countries currently experiencing low fertility rates: China, Hong Kong, Japan, Singapore and South Korea. It then examines three countries that have close to replacement-level fertility: Australia, the Netherlands and the United States. Each country is featured in a separate chapter written by a demographer with expert knowledge in the area. Very low fertility is linked to a number of conditions countries face, including a declining population size. At the same time, low fertility and its effect on the age structure, threatens social welfare policies. This book goes beyond the technical to examine the core institutional, policy and cultural factors behind this increasingly important issue. It helps readers to make cross-country comparisons and gain insight into how diverse institutions, policies and culture shape fertility levels and patterns.

This volume is devoted to innovation with a special focus on its two sides, namely creation and destruction, and on its role in the evolution of capitalist economies. The first part of the book looks at innovation and its effects on economic performance, addressing issues of motives, behavioral rules under uncertainty, actor properties, and technology characteristics. The second part concentrates on potential consequences of innovative activities, in particular structural change, the "innovation-mediated" effect of skill-oriented policies on regional performance, the destructive effects of innovation activities, and the question whether novelty is always good. The role of innovation in the evolution of capitalism itself is discussed in the third part.

This collection examines implications of technological automation to global prosperity and peace. Focusing on robots, information communication technologies, and other automation technologies, it offers brief interventions that assess how automation may alter extant political, social, and economic institutions, norms, and practices that comprise the global political economy. In doing so, this collection deals directly with such issues as automated production, trade, war, state sanctioned robot violence, financial speculation, transnational crime, and policy decision making. This interdisciplinary volume will appeal to students, scholars and practitioners grappling with political, economic, and social problems that arise from rapid technological change that automates the prospects for human prosperity and peace.