This textbook utilizes the ideas and concepts that made the international edition a valued companion to economics students and lecturers the world over, but tailors its language and illustrations to better suit its Arab readers. Regional case studies, photographs and examples bring the principles and concepts of economics to life for Arab learners, who are encouraged to apply the information and data contained in Economics to their own environment and experiences.

This textbook utilizes the ideas and concepts that made the international edition a valued companion to economics students and lecturers the world over, but tailors its language and illustrations to better suit its Arab readers. Regional case studies, photographs and examples bring the principles and concepts of economics to life for Arab learners, who are encouraged to apply the information and data contained in Economics to their own environment and experiences.

This text examines how firms change their investment decisions in response to tax policy and concludes that firms would substantially increase their investment in plant and equipment if some of the proposals for fundamental tax reform are enacted.

Over the past twenty years more citizens in China and India have raised themselves out of poverty than anywhere else at any time in history. They accomplished this through the local business sector--the leading source of prosperity for all rich countries. In most of Africa and other poor regions the business sector is weak, but foreign aid continues to fund government and NGOs. Switching aid to the local business sector in order to cultivate a middle class is the oldest, surest, and only way to eliminate poverty in poor countries.

A bold fusion of ethics and smart business, "The Aid Trap" shows how the same energy, goodwill, and money that we devote to charity can help local business thrive. R. Glenn Hubbard and William Duggan, two leading scholars in business and finance, demonstrate that by diverting a major share of charitable aid into the local business sector of poor countries, citizens can take the lead in the growth of their own economies. Although the aid system supports noble goals, a local well-digging company cannot compete with a foreign charity that digs wells for free. By investing in that local company a sustainable system of development can take root.

Mutual funds form the bedrock of retirement savings in the United States, and, considering their rapid growth, are sure to be more critical in the future. Because the size of fees paid by investors to mutual fund advisers can strongly affect the return on investment, these fees have become a contentious issue in Congress and the courts, with many arguing that investment advisers grow rich at the expense of investors.

This ground-breaking book not only conceptualizes a new economic model of the mutual fund industry, but also uses this model to test for price competition between investment advisers, evaluating the assertion that market forces fail to protect investors' returns from excessive fees. Highly experienced authors track the growth of the industry over the past twenty-five years and present arguments and evidence both for and against theories of adviser malfeasance. The authors review the regulatory history of mutual fund fees and summarize leading case decisions addressing excessive fees.

Revealing the extent to which the governance structure of mutual funds truly impacts fund performance, this book provides the best understanding of today's mutual fund industry and is a vital tool for investors, money managers, fund directors, securities lawyers, economists, and anyone concerned with the regulation of mutual funds.

The authors of this volume challenge the common perception that the removal of old distortions from the tax system would seriously hurt segments of the economy.

This work examines the efficiency, fairness, and administrative consequences of leading proposals for income tax reforms in the USA.