Vulture Capitalism
In the vein of The Shock Doctrine and Evil Geniuses, this timely and "galvanizing" (Naomi Klein, New York Times bestselling author) manifesto illustrates how corporate and political power brokers have used capitalism to advance their own interests at the expense of the rest of us--and how we can take back our economy. It's easy to look at the state of the world around us and feel hopeless. We live in an era marked by war, climate crisis, political polarization, and acute inequality--and yet many of us feel powerless to do anything about these profound issues. We've been assured that unfettered capitalism is necessary to ensure our freedom and prosperity but why, in our age of unchecked corporate power, are most of us living paycheck to paycheck? When the economy falters, why do governments bail out corporations and shareholders but leave everyday people in the dust? Now, acclaimed journalist and progressive star on the rise Grace Blakeley exposes the corrupt system that is failing all around us, pulling back the curtain on the free-market mythology we have been sold. She also clearly illustrates how, as corporate interests have taken hold, governments have historically been shifting away from competition and democracy towards monopoly and oligarchy. Tracing over a century of neoliberal planning and backdoor bailouts, Blakeley takes us on a deeply reported tour of the corporate crimes, political maneuvering, and economic manipulation that elites have used to enshrine a global system of "vulture capitalism"--planned capitalist economies that benefit corporations and the uber-wealthy at the expense of the rest of us. As "the sort of book that will help us make a better world" (Rob Delaney, New York Times bestselling author), Vulture Capitalism exposes the cracks already emerging within capitalism, lighting a path forward for how we can democratize our economy, not just our politics, to ensure true freedom for all.
Order and Rivalry
The First World War transformed the legal and geopolitical framework for international trade by decentring Europe in global markets. Order and Rivalry traces the formation and development of multilateral trade structures in the aftermath of the First World War in response to the marginalization of Europe in the world economy, the use of private commerce as a tool of military power and the collapse of empires across Central and Eastern Europe. In this accessible study, Madeleine Lynch Dungy highlights the 1920s as a pivotal transition phase between the network of bilateral trade treaties that underpinned the first globalization of the late nineteenth century and the institutionalised regime of international governance after 1945. Focusing on the League of Nations, she shows that this institution's legacy was not to initiate a linear forward march towards today's World Trade Organization, but rather to frame an open-ended and conflictual process of experimentation that is still ongoing.
The Economy, Present Continuous: Theory of Economic Time
This book explains complex scientific concepts using simple and understandable illustrations and practical examples. For example, the competition between countries in the world economy is compared to motor racing, time savings are illustrated through the example of a masquerade ball, and the cyclical effect of time on the economy is reflected through the prism of changing seasons. It presents amazing phenomena and processes of economic time, including 'economic vintage', 'the time machine in the economy', 'youth' and 'old age' of the economy, its 'growing up', 'the economic calendar', 'catching up', and 'forward-looking' development. This book will therefore be interesting not only to members of the scientific community but also to non-academic readers -- to everyone who wants to understand the nature of economic time.
State-Business Relations and Economic Transformation in South Africa and Zimbabwe
In State-Business Relations and Economic Transformation in South Africa and Zimbabwe: Unfinished Transformation, Sinan Baran examines state-business relations (SBRs) in semi-peripheral South Africa and peripheral Zimbabwe after each country's transition to majority rule to address why SBRs are likely to either consolidate or fracture in post-transition communities. In both countries, the majority governments faced unresolved, post-transition divisions relating to race, inequality, and underdevelopment. Baran analyzes the liberalisation and indigenisation policy choices intended to address these areas that are impacting the mining industries in South Africa and Zimbabwe as case studies. Using comparative analysis and a Modern World-Systems lens, he argues that semi-peripheral countries are less susceptible to pressures from domestic and external powers than peripheral countries during periods of economic transformation. He further argues that China's significant political and economic presence in a peripheral country like Zimbabwe has more effect on SBRs than in a semi-peripheral country like South Africa.
The Two-Sector Model of General Equilibrium
Originally published in 1971, this book presents in a lucid form the basic model of distribution in a two-sector general equilibrium system. While this model has been used by many economists, this was the first synoptic exposition of it to become readily available to students.
Economic Nationalism in Old and New States
Originally published in 1968, this book brings together contributions from social scientists in anthropology, economic history, economics and political science in an exploration of the nature and effects of economic nationalism.
A Thousand Cuts
The dominant policy response to economic crises over the past four decades has been the introduction of austerity--a mix of budget cuts and reforms to downsize the role of the state. The International Monetary Fund (IMF) has been the world's lender of last resort and leading advocate of austerity, and has been consistently chastised by policymakers and civil society for the consequences of its economic policy reforms on social protection. Critics of the IMF have identified so-called structural adjustment programs as a key cause of global increases in poverty, widespread disease, and unemployment. In the face of such criticisms, the IMF has advanced a narrative of wholesale reform to its practices. In A Thousand Cuts, Alexandros Kentikelenis and Thomas Stubbs provide a systematic and comprehensive analysis of IMF policies around the world. Based on novel data from the IMF archives, Kentikelenis and Stubbs have generated a replicable database of all IMF-mandated reforms from 1980-2019 to examine their effects on social policies and outcomes. They reveal that although the precise content of IMF-mandated austerity has changed considerably over time, the organization continues to place a high burden of reform on countries in crisis. These reforms then decrease the availability of important social services and contribute to rises in income inequality and decline in population health. Kentikelenis and Stubbs argue that in spite of reform rhetoric, the IMF's practices--and the outcomes they produce--have changed very little over the past three decades. As one of the first systematic assessments of the impact of austerity on people's lives around the world, A Thousand Cuts makes an important contribution to the continuing debate regarding the consequences of the IMF and how it might better support social protection.
The Financial Situation of Turkish Airlines and Lufthansa. COVID-Crisis 2020
Seminar paper from the year 2020 in the subject Economics - Finance, grade: 1,2, University of Applied Sciences Ludwigshafen, course: Finance and Economics, language: English, abstract: The analysis should help to understand the consequences of Covid-19 more precisely. Our research and elaboration also aim at analyzing the post-Corona period and draw conclusions for the airline industry. The pursuit of knowledge is our team motivation here. In January 2020, the novel Corona Virus began to spread across the People's Republic of China with its starting point in Wuhan, China. On March 11, 2020, Turkey confirmed the first Covid-19 infection and the World Health Organization officially characterizes Covid-19 as a pandemic. Mid of May, the number of cases reached more than 140,000 confirmed infections in Turkey. Nearly all economies and industries worldwide are confronted with major negative consequences of the pandemic until today.
Economic Policies Towards Less Developed Countries
Originally published in 1967, this book examines the major problems of trade and aid policy posed for the developed countries by the UN Conference on Trade and Development in 1964.
Financialization and the Future of the American Economy
Financialization is a set of processes which has led to a financially-driven and commodified economy with rising inequality, tax avoidance, the lack of investment in infrastructure. This book discusses the causes and costs of financial crises, how financialization produces inequality and instability and the patterns of value extraction.
The Philippines' Ecosystem for Technology Startups
This report assesses the current ecosystem for tech startups in the Philippines, focusing on four sectors: climate change, education, agriculture, and health. Technology-based startup enterprises are an increasingly important part of the business landscape in Asia and the Pacific. By applying innovative technologies to create new products and services, they can make a significant contribution to economic development while generating social and environmental benefits. However, to survive and then thrive, tech startups require an enabling ecosystem that includes supportive government policy, adequate access to capital, skilled personnel, quality digital infrastructure, and other elements. The report discusses challenges facing tech startups in these sectors and provides recommendations. It is the seventh country report in the series Ecosystems for Technology Startups in Asia and the Pacific.
Effective Corporate Governance
Corporate governance has attracted considerable attention worldwide, especially in light of the widely publicized, high-profile global corporate failures and scandals. Since Corporate Governance contributes to the success of any institution, it must therefore be prioritized. In this very practical book, 'Effective Corporate Governance' explores the theories and models of corporate governance as well as the regulatory framework in which corporate governance operates. The authors have also talked about the pillars and best practices for good governance, including what a good board looks like and, at the same time, giving practical ideas on how to measure corporate governance health and what to do to get back on track. In addition, it includes case studies from the African context where the authors have extensively consulted with both for profit, not for profit and government institutions.This book will keep you relevant and ahead of the game whether you are a leader or student of leadership in the public or private sector, a religious institution or even a small and medium enterprise.
The European Emission Trading System Market Stability Reserve
Bachelor Thesis from the year 2023 in the subject Economics - Other, grade: 2,3, Humboldt-University of Berlin, language: English, abstract: Introduced in 2015 by the Council of the European Union (EU) and the European Parliament and put into effect in 2019, the Market Stability Reserve (MSR) was introduced as a central tool to regulate the flaws of the cap-and-trade Emission Trading System (ETS) of the EU. The EU set the goal to reach the climate targets from the Kyoto protocol decided upon in 1997 as well as the Paris agreement adopted in 2015 regarding the reduction of their greenhouse gas emissions (GHGs). Purpose was not only to lower emissions but to achieve this in the most cost-effective and coordinated way. As the largest emission trading system in the world, the EU ETS covers 30 countries and around 10,000 facilities. In total, 40% of the emissions of these countries are covered by the ETS. Recent efforts of the EU's Green Deal intend to increase the environmental ambitions of the EU even more and reform the MSR along its "Fit for 55 program" . The MSR plays a significant role in this reform and has been used as the central regulating tool in order to improve structural supply-demand imbalances since its implementation. The goal of this thesis is to outline in what regard the Market Stability Reserve is helpful within the EU ETS to get closer to the EU's most recent environmental goals and what changes could be made to make it more efficient. In the second chapter, the EU's sustainability intentions as well as the EU ETS in general will be outlined. The third chapter, will describe the function and mechanisms of the MSR composition in detail as well as what the intentions behind its implementation and changes were as it has considerably changed its structure since its creation . Chapter 3 will also describe and illustrate the market mechanisms of the MSR graphically from a micro economic aspect. Chapter 4 will present four different phenomena of the ETS
The Great Racket
"Eventually, after layer after layer of artifice has been peeled away, we will see the horrible truth about the psychopathic mafia and the physical and psychological slavery they have imposed on us for so long". In this collection of 15 essays penned in 2022, Paul Cudenec of Winter Oak looks deep into the rotten heart of a modern world that he shows to be run for the profit and self-interest of a tiny and evasive criminal cartel. He concludes that we urgently need to reclaim the freedom "to be what we are meant to be, to live how we wish to live, to decide amongst ourselves what kind of future we want to give our children and our children's children".
Time Series Econometrics
Revised and updated for the second edition, this textbook allows students to work through classic texts in economics and finance, using the original data and replicating their results. In this book, the author rejects the theorem-proof approach as much as possible, and emphasizes the practical application of econometrics. They show with examples how to calculate and interpret the numerical results.This book begins with students estimating simple univariate models, in a step by step fashion, using the popular Stata software system. Students then test for stationarity, while replicating the actual results from hugely influential papers such as those by Granger & Newbold, and Nelson & Plosser. Readers will learn about structural breaks by replicating papers by Perron, and Zivot & Andrews. They then turn to models of conditional volatility, replicating papers by Bollerslev. Students estimate multi-equation models such as vector autoregressions and vector error-correction mechanisms, replicating the results in influential papers by Sims and Granger. Finally, students estimate static and dynamic panel data models, replicating papers by Thompson, and Arellano & Bond.The book contains many worked-out examples, and many data-driven exercises. While intended primarily for graduate students and advanced undergraduates, practitioners will also find the book useful."How to best start learning time series econometrics? Learning by doing. This is the ethos of this book. What makes this book useful is that it provides numerous worked out examples along with basic concepts. It is a fresh, no-nonsense, practical approach that students will love when they start learning time series econometrics. I recommend this book strongly as a study guide for students who look for hands-on learning experience."--Professor Sokbae "Simon" Lee, Columbia University, Co-Editor of Econometric Theory and Associate Editor of Econometrics Journal.
Practical Macroeconomics for Non-Economists
Practical Macroeconomics for Non-Economists provides the tools, the theory, and the empirical understanding of macroeconomics without the heavy lifting of the mathematical and econometric models. This accessible book introduces the building blocks of macroeconomic thinking and challenges the reader to apply these insights.
Value, Money, Profit, and Capital Today
Drawing on the perspectives of both leading experts and early career academics from China, Senegal, Cuba, Brazil, France, Italy, Spain, and the UK, this 39th issue of Research in Political Economy integrates, articulates, and discusses the concepts of value, profit, money, and capital within a common theoretical and empirical framework. Divided into four distinct parts, chapters highlight: the relevance of value in contemporary Marxist theory the hegemony of the US dollar and its recent erosion major monetary problems currently faced by Africa as a result of colonial legacies alternative monetary and financial tracks being tested in Latin America, including monetary regionalization and resistance to the domination of the dollar the current state of national debt in the Global South, including possible solutions the difficulties in evaluating transnational corporate profit in the era of globalization the evolution of profit rates in the United States, Europe, and Latin America over the past several decades a study of France's rate of profit over more than a century fictitious and financial capital the recent emergence of cryptocurrencies and some of the challenges that this entails Connecting fundamental, theoretical, and empirical subjects with the most current scholarship on value, money, profit and capital today, this book makes sense of our increasingly interconnected global economy, highlighting key issues and proposing real-world solutions from the most knowledgeable researchers in the field.
Catalyzing the Green Digital Transformation
Climate change is unfolding amid the greatest information and communication revolution in human history. From e-commerce and social media to smart manufacturing and precision farming, digital technologies have become prevalent in all aspects of economic and social life. Digital technologies also have the potential to shape climate change action. Green digital transformation can help countries adapt e竅ffectively to the impacts of climate change and create greener growth pathways. Doing this means combining a focus on digital transformation and inclusion with a strategic and sustainable use of digital technologies to address climate change. Green Digital Transformation: How to Sustainably Close the Digital Divide and Harness Digital Tools for Climate Action illuminates the channels through which digital technologies intersect with climate change, and it proposes a path to low-emissions applications of digital technologies to help countries mitigate and adapt to climate change.
Sovereign Funds
The first in-depth account of the sudden growth of China's sovereign wealth funds and their transformative impact on global markets, domestic and multinational businesses, and international politics. One of the keys to China's global rise has been its strategy of deploying sovereign wealth on behalf of state power. Since President Xi Jinping took office in 2013, China has doubled down on financial statecraft, making shrewd investments with the sovereign funds it has built up by leveraging its foreign exchange reserves. Sovereign Funds tells the story of how the Communist Party of China (CPC) became a global financier of surpassing ambition. Zongyuan Zoe Liu offers a comprehensive and up-to-date analysis of the evolution of China's sovereign funds, including the China Investment Corporation, the State Administration of Foreign Exchange, and Central Huijin Investment. Liu shows how these institutions have become mechanisms not only for transforming low-reward foreign exchange reserves into investment capital but also for power projection. Sovereign funds are essential drivers of the national interest, shaping global markets, advancing the historic Belt and Road Initiative, and funneling state assets into strategic industries such as semiconductors, fintech, and artificial intelligence. In the era of President Xi, state-owned financial institutions have become gatekeepers of the Chinese economy. Political and personal relationships with prestigious sovereign funds have enabled Blackstone to flourish in China and have fueled the ascendance of private tech giants such as Alibaba, Ant Finance, and Didi. As Liu makes clear, sovereign funds are not just for oil exporters. The CPC is a leader in both foreign exchange reserves investment and economic statecraft, using state capital to encourage domestic economic activity and create spheres of influence worldwide.
The Nationalist Dilemma
Nationalists think about the economy, Marvin Suesse argues, and this thinking matters once nationalists hold political power. Many nationalists seek to limit global exchange, but others prioritise economic development. The potential conflict between these two goals shapes nationalist policy making. Drawing on historical case studies from thirty countries - from the American Revolution to the rise of China - this book paints a broad panorama of economic nationalism over the past 250 years. It explains why such thinking has become influential, despite the internal contradictions and chequered record of many nationalist policy makers. At the root of economic nationalism's appeal is its ability to capitalise upon economic inequality, both domestic and international. These inequalities are reinforced by political factors such as empire building, ethnic conflicts, and financial crises. This has given rise to powerful nationalist movements that have decisively shaped the global exchange of goods, people, and capital.
Let There Be Light
The remarkable success of twentieth-century Hong Kong was driven by electricity. The British colony's stunning export-driven economic growth, its status as a Cold War capitalist dynamo, its energetic civil society, its alluring urban modernity--all of these are stories of electricity's transformative power. Let There Be Light is a groundbreaking history of electrification in Hong Kong. Mark L. Clifford traces how a power company and its visionary founder jumpstarted Hong Kong's postwar economic rise and set in motion far-reaching political and social change against the backdrop of Hong Kong's shifting relations with the People's Republic of China and the United Kingdom. Clifford examines avowedly laissez-faire Hong Kong's attempt to nationalize electricity companies and the longer-term implications of debates over the power supply for citizen activism and the development of civil society, government involvement in tackling housing and other social issues, and state controls on private businesses. Clifford explores the effects of electrification on both grand politics and daily life. In the geopolitical struggle of the Cold War, Hong Kong became an explicitly anti-Communist showcase of production and consumption. Its bright lights and neon signs stood in contrast to the darkness and drabness of neighboring China. Electricity transformed people's everyday lives, allowing children to study at night, streets to be lit, and shops in a self-consciously commercial mecca to stay open late. Offering new perspectives on twentieth-century Hong Kong, Let There Be Light reveals electricity as a catalyst of modernization.
Europe and the Transformation of the Irish Economy
Having stagnated for decades in the shadow of the UK, the Irish economy's performance improved after it joined the European Union (EEC) in 1973. This Element shows how the challenge of EU membership gave focus and direction to Irish economic policy. No longer dependent on low value-added agricultural exports to Britain, within the EU Ireland became a hub for multinational corporations in IT and pharmaceutical products. This export success required and facilitated a strengthening of education and social policy infrastructures, and underpinned the achievement of high average living standards. EU membership has also brought challenges, and several severe setbacks have resulted from Irish policy mistakes. But the European flavour of Ireland's structural policies (leavened with exposure to US experience) has helped it navigate the hazards of hyper-globalization with fewer political tensions than seen elsewhere.
The Myth and Propaganda of Black Buying Power
The second edition of this Palgrave Pivot offers a history of and proof against claims of "buying power" and the impact this myth has had on understanding media, race, class and economics in the United States. For generations Black people have been told they have what is now said to be more than one trillion dollars of "buying power," and this book argues that commentators have misused this claim largely to blame Black communities for their own poverty based on squandered economic opportunity. This book exposes the claim as both a marketing strategy and myth, while also showing how that myth functions simultaneously as a case study for propaganda and commercial media coverage of economics. In sum, while "buying power" is indeed an economic and marketing phrase applied to any number of racial, ethnic, religious, gender, age or group of consumers, it has a specific application to Black America. A new foreword by Dr. Darrick Hamilton, Henry Cohen Professor of Economics and Urban Policy at the New School (in New York, USA), and a new chapter on cryptocurrencies are included in this new edition.
Trade and Industry in Tudor and Stuart England
Originally published in 1977, this book investigates the controversial question as to whether England has seen two industrial revolutions, whether economic changes in the 16th and 17th centuries in England deserve to be distinguished as a period in which an economic 'revolution' nearly took place, but eventually aborted.
Sustainable Macroeconomics, Climate Risks and Energy Transitions
Given the industrialized world's historical dependence on fossil fuel-based energy resources and the now-realized perils of moving beyond the earth's carbon budget, this book explores the myriad challenges of climate change and in reaching a low-carbon economy. Reconciling the medium-term competing, yet frequently complementary, needs for transition policies, the book provides guidelines for complex and often conflicting climate policy tasks. The book presents empirical trends in the use of carbon-emitting resources and evaluates market-driven short-termism and its adverse impact on resource use and the environment; it emphasizes a medium-term macroeconomic perspective for the transition. The authors attempt a paradigm shift towards a framework of sustainable macroeconomics. They survey relevant historical models, conduct empirical and numerical analyses ofthe climate change-relevant dynamic models, provide empirical illustrations, and evaluate diverse policy options and implementations together with their historical evolution. New analytical issues are also considered, e.g., strategic behavior in the energy and resource sectors, energy competition and the dynamics of market shares in new energy technology, and supporting policies for dealing with the tipping points encountered in climate change. The authors suggest a multitude of market-based strategies and public fiscal, monetary, and financial policies, and longer-run planning for resource extraction -all suitable for driving sustainable growth and a transformation of the energy sector. The book also examines the multiple delaying forces slowing the transition to a low-carbon economy; these typically arise from short-termism, lock-ins, irreversibility, leakages, non-cooperative games, and other political strategies. Thus, they explain the snail's pace evolution of current national and global climate policies. The book will appeal to scholars and students of economics and environmental science. It is also relevant for policymakers and practitioners in multilateral institutions, research institutions as well as governments and ministries of countries interested in alternative energy sources, climate economists, and those who study the implementation of sustainable and low carbon-based policies.
Social and Solidarity Economy in Cuba
Drawing on the work of contributors from a variety provinces, institutions, and disciplines, Social and Solidarity Economy in Cuba examines the role of Social and Solidarity Economics (SSE) amidst national change in Cuba. The contributors examine a variety of topics, including public-private relations, production chains, gender roles, vulnerable groups, social participation, social balance, and the training of stakeholders. Depicting both challenges and opportunities, this book makes a strong and sustained case for solidary and socially responsible practices in Cuba.
Controlling the Capital
This is an open access title available under the terms of a CC BY-NC-ND 4.0 international license. It is free to read on Oxford Academic and offered as a free PDF download from OUP and selected open access locations. Authoritarianism is on the rise globally, with more than twice as many countries experiencing democratic decline as democratic enhancement in recent years. This has been occurring simultaneously with unprecedented rates of urbanization in many parts of the world, raising questions about the role of cities - often considered the focal points of democratic deepening - in this authoritarian turn. While most literature considers authoritarianism on the national scale, the chapters in this book train their gaze on capital cities, which as 'containers' of both capital and sovereignty are spaces in which authoritarian dominance is increasingly built, contested, maintained, and undone. Focusing on some of the world's fastest urbanizing regions - Sub-Saharan Africa and South Asia - the book explores the multiple ways in which authoritarian regimes have been attempting to build and sustain long-term dominance in capital cities in order to meet the challenge of urban political resistance. The diverse selection of case studies presented here spans governing regimes that have recently tried to build urban dominance and spectacularly failed, as well as those that have managed to hold onto power by constantly evolving strategies for dominance that limit the potential for urban opposition to tip into regime overthrow. With chapters on Addis Ababa, Colombo, Dhaka, Harare, Kampala, and Lusaka, Controlling the Capital offers the first cross-regional comparative study of the relationship between cities and political dominance. It contributes to debates on authoritarianism and authoritarian durability, urbanization, political contestation and resistance, the politics of development, and the prospects for democracy.
French and Japanese Economic Relations with Vietnam Since 1975
This book, first published in 1999, compares the strategies of France and Japan in trying to win economic and political influence in the newly emerging Vietnam, which opened to the international community only after the Vietnamese Communist Party had started economic reforms in 1986. These reforms are aimed at transforming the country's centrally-planned economy into a government-controlled market economy and at opening Vietnam to foreign capital, technology and know-how. This setting provides a unique opportunity for comparing the strategies of two nations from different continents in conducting their economic relations with a unified Vietnam.
The Limits of National Liberation
This book, first published in 1987, examines the North Vietnamese economy during the struggle for national reunification. It chronicles the impact of war and Socialist Construction and focuses on the severe restraints that faced socio-economic development in North Vietnam.
Economics for Lovers of Literature
This book provides an engaging introduction to economics through a literary lens. Drawing on writers such as James Joyce, George Eliot, Edith Wharton, Jane Austen, Charlotte Bronte, and Elizabeth Gaskell, each chapter is framed around a quote from a classic text of English literature that helps tease out a key economic concept and demonstrate its broader relevance. While rigorous, the book is virtually free of technical language and aims to give a concise overview of all the main topics in contemporary economics - from supply and demand, pricing, labour markets, externalities, and game theory, to environmental and behavioural economics, fiscal policy and business cycles, modern approaches to macroeconomics and economic growth.Interweaving literary examples with easy-to-follow explanations and reflective tasks, the book takes an interdisciplinary approach to economics and literature that requires no prior knowledge in either camp, but which illuminates patterns of real-world behaviour observed by novelists and economists alike. This concise and accessible book will be a valuable tool for students embarking on introductory economics courses, economics modules in business studies, and interdisciplinary courses more broadly, as well as the general reader interested in building their knowledge of economics.
Carec 2030
This publication presents a comprehensive overview of the potential impact of climate change on Central Asia Regional Economic Cooperation (CAREC) member countries. It assesses and recommends how CAREC member countries can collaborate to address climate change issues through regional cooperation. The report's overarching conclusion is that CAREC has a unique and urgent opportunity to chart a course of proactive, systematic, and strategic engagement in supporting its member countries in reinforcing, modifying, and implementing existing national strategies on climate change mitigation and adaptation, and in developing a range of regional actions in response to the regional nature of many climate change impacts and solutions.
One from the Many
Amid a recent surge in arguments that the global economy has begun to "de-globalize," a question has emerged: will globalization survive? In One from the Many: The Global Economy since 1850, Christopher M. Meissner argues that based on the long-run of history, globalization will not be easily vanquished. This brief introduction to the economic history of the global economy and the process of globalization since 1850 tracks and explains changes in international trade, migration, and capital flows over time. All key indicators of globalization rose between 1850 and 1914 during the first wave of globalization. Between 1918 and 1939 the global economy stagnated, suffering a momentous collapse during the Great Depression of the 1930s. After World War II, the global economy re-emerged and integration deepened. A long-run view suggests that rising integration and growth of global economy can generate economic benefits and raise welfare. Given these lessons, the global economy will almost surely survive and integration will continue to grow. However, globalization can only survive if humanity continues to recognize its common interests and the untapped potential of further integration. At the same time, the potential adverse effects of greater integration must be acknowledged, mitigated, and minimized. Meissner's brief history of the global economy offers economics, political science, and history students a new perspective on the history of its subject matter, with an eye on a future where globalization has the potential to persist as an integrative force.
When McKinsey Comes to Town
NEW YORK TIMES BESTSELLER - A NEW YORK TIMES NOTABLE BOOK OF THE YEAR - ONE OF THE WASHINGTON POST's 50 NOTABLE WORKS OF NONFICTION An explosive, deeply reported expos矇 of McKinsey & Company, the international consulting firm that advises corporations and governments, that highlights the often drastic impact of its work on employees and citizens around the world McKinsey & Company is the most prestigious consulting company in the world, earning billions of dollars in fees from major corporations and governments who turn to it to maximize their profits and enhance efficiency. In When McKinsey Comes to Town, two prizewinning investigative journalists have written a portrait of the company sharply at odds with its public image. Often McKinsey's advice boils down to major cost-cutting, including layoffs and maintenance reductions, to drive up short-term profits, thereby boosting a company's stock price and the wealth of its executives who hire it, at the expense of workers and safety measures. McKinsey collects millions of dollars advising government agencies that also regulate McKinsey's corporate clients. Shielded by NDAs, McKinsey has escaped public scrutiny despite its role in advising tobacco and vaping companies, purveyors of opioids, repressive governments, and oil companies. McKinsey helped insurance companies' boost their profits by making it incredibly difficult for accident victims to get payments; worked its U.S. government contacts to let Wall Street firms evade scrutiny. And much more. When McKinsey Comes to Town is a landmark work of investigative reporting that amounts to a devastating portrait of a firm whose work has often made the world more unequal, more corrupt, and more dangerous.
Competitiveness of Nations 2, The: Government Policies and Business Strategies for Environmental, Social, and Governance (Esg)
As countries around the world seek to enhance their economies while facing the challenges of climate change and income inequality, national competitiveness is an important marker of the related strengths and weaknesses that policymakers will need to address. Among the existing reports on national competitiveness and rankings, such as IMD World Competitiveness Yearbook and WEF Global Competitiveness Report, there are sizable discrepancies in the ranking order for the same countries. As a result, confusion arises as such an outcome creates difficulties for government officials when translating these findings into real-world policies.The reality is that these discrepancies are due to the differences in logic and analytical models used by IMD and WEF. Therefore, in recognizing such problems and limitations, The Competitiveness of Nations 2 presents the IPS model as a new approach. Building on from Michael Porter's diamond model, it demonstrates a robust set of methodologies as well as offers several key policy implications for economies around the world that wish to enhance their competitiveness.The analytical tools used in this book can be further utilized for other units of analysis such as industries and individual firms. As this book provides a series of sophisticated methodologies and specific guidelines for enhancing national competitiveness, both academics and practitioners can derive useful implications.This annual book series was launched in 2021 and has included timely topics and in-depth discussion on national competitiveness. The first edition dealt with the COVID-19 global pandemic and the US-China trade war as its key focus. For this second edition, the Environmental, Social, and Governance (ESG) issue has been selected given its growing impact on strategic decision-making at both firm and country levels for sustainable competitiveness. This edition explores the development of ESG in various regions including Asia (Japan, Korea, India), Europe (Russia), Latin America (Peru), and Africa (Sub-Saharan Africa). It addresses how firms can contribute to ESG, and what governments should do to incentivize or regulate firms' engagement in its practices.
Financial Markets Efficiency and Economic Behaviour
This book reviews the efficient markets hypothesis from a behavioural finance perspective looking at the stock markets of the five largest Euro economies. It covers some key areas in finance, including efficient markets, equity premium, dividend ratio model, yield curve and term structure, all of which are concepts used to analyse pricing and other behaviour in financial markets. The book studies the term structure of interest rates describing formalizations for zero-coupon and coupon bonds and evaluates results regarding static spot rate and dynamic forward rate regressions for the Euro area. Additionally, it examines the equity premium exploiting variation in stock market returns in both time series and cross-section dimensions, and will be of interest to academics, researchers, and students of financial economics, financial markets, and behavioural finance.
Regenerative Oikonomics
This book presents a unique real-world-centred approach to economic life from a phenomenological approach. It offers a much-needed alternative to conventional economic thinking, giving a transdisciplinary depiction of the economic process's social, cultural, technological, political, and ecological dimensions. Doing so appeals to students and researchers in economics aiming to get an alternative to the reductionist model-based approach.Written in a jargon-free and non-technical way, it appeals to non-economists alike and those seeking a more profound and living understanding of the economic process. What is the role of nature in the economic process? Is there more to economics than we have been told? Do we have infinite needs? What are these needs? Can we keep on growing forever? Does economic growth improve our wellbeing? Why is the income gap widening? What is the role of financial capital in our current world? Are there other forms of producing, distributing, and consumingwealth beyond markets? What are the functions of markets, and how do they work in the real world? These and many other aspects are discussed in living and holistic ways in this book. It is a must-read for all those interested in gaining a more profound and genuine understanding of our current reality and those looking for ways out of our current crises.
Macroeconomic Policy in India Since the Global Financial Crisis
This book discusses the Indian economic crisis and brings out what went wrong and the correction necessary for getting the economy back to high growth trajectory, leading to economic transformation. To do so, the book covers trends in performance of Indian economy since the Global Financial Crisis to the COVID-19 effect, bringing out factors that have determined the same. The book questions the approach to macroeconomic policy of both the RBI and the government and brings out what it takes for macroeconomic policy to be supportive of high growth. It contains revealing contrasts with East Asia and China, although India has the same potential to grow with an expansion of manufacturing. Overall, it argues that macroeconomic policies (as much as structural, industrial, and trade policies) have been deficient and even good initiatives on the industrial policy and trade flounder for the lack of a strategic approach to macroeconomics. The book highlights the special opportunities present in an emerging economy with vast under and utilised labour and the macroeconomic policy initiatives that can take advantage of this key feature. It covers the macroeconomic data on growth using multiple indicators, then the external shocks and the internal policy measures/responses; besides, GVA/GDP, credit, exports, external transactions, interest and policy rates, yields, exchange rates, money, capital flows, indices of industrial sector, price indices and inflation, government expenditures, tax rates, fiscal deficits, market uncertainty measures to present a holistic picture of the economy and the shocks and policy actions that have followed. The book uses an innovative method of presentation and the consistency of the trends/stances of both monetary and fiscal policy using these large number of variables. It discusses the debate on overestimation of GDP/GVA growth estimates over the years from 2011-12 to about 2016-17 comprehensively. There is special coverage of GST with a comparison with China. Coverage also includes performance since the COVID-19 crisis again using a large number of indicators and an explanation for the same in terms of the limitations of the government's initiatives to counteract. The book is a quick and ready reference of what has happened in macroeconomic terms to those interested in the relevant facts. It is of interest to international economists, policy analysts, and investors whose need to understand that the Indian economy in macroeconomic terms and in terms of the stances and penchant of the government and the RBI is of value.
Competitive Supply Chains
This timely and highly relevant book refocuses the discussion on supply chain innovation for an era of unprecedented challenges and opportunities in global supply chain operations. This third edition builds upon the ideas explored by the author in Competitive Supply Chains (2007, 2016), featuring new content and analysis, new case studies and a complete reassessment on the impact of new technologies, ESG requirements, and geopolitical challenges.Featuring case studies from European and Asian companies, this book is an essential resource for researchers and students of supply chain and operations management.
Economic Development Parables
Wongsurawat looks at the history of Thailand since the mid-nineteenth century and uses events to elucidate basic economic models and concepts. He selects defining moments in Thailand's history to convey key economic ideas worthy of classroom discussion.Written without excessive jargon, the chapters connect complex historical phenomena with broader, transportable economic concepts. The cases range from the signing of the Bowring Treaty in 1855, opening Siam to the forces of globalization, to the Asian Financial Crisis that wreaked havoc on the economy in 1997. Key economic terms are also explained. Reconnecting the increasingly distant fields of history and economics, this is an appealing text to researchers with an interest in Thailand's economic history, as well as undergraduates undergoing an introductory economics course or overseas program in Thailand.
Nonparametric Econometrics
A comprehensive, up-to-date textbook on nonparametric methods for students and researchers Until now, students and researchers in nonparametric and semiparametric statistics and econometrics have had to turn to the latest journal articles to keep pace with these emerging methods of economic analysis. Nonparametric Econometrics fills a major gap by gathering together the most up-to-date theory and techniques and presenting them in a remarkably straightforward and accessible format. The empirical tests, data, and exercises included in this textbook help make it the ideal introduction for graduate students and an indispensable resource for researchers. Nonparametric and semiparametric methods have attracted a great deal of attention from statisticians in recent decades. While the majority of existing books on the subject operate from the presumption that the underlying data is strictly continuous in nature, more often than not social scientists deal with categorical data--nominal and ordinal--in applied settings. The conventional nonparametric approach to dealing with the presence of discrete variables is acknowledged to be unsatisfactory. This book is tailored to the needs of applied econometricians and social scientists. Qi Li and Jeffrey Racine emphasize nonparametric techniques suited to the rich array of data types--continuous, nominal, and ordinal--within one coherent framework. They also emphasize the properties of nonparametric estimators in the presence of potentially irrelevant variables. Nonparametric Econometrics covers all the material necessary to understand and apply nonparametric methods for real-world problems.
Robo-Advisors as a Business Model in Germany
Academic Paper from the year 2022 in the subject Economics - Finance, grade: 1,7, International School Of Management, Campus Frankfurt, language: English, abstract: This term paper will evaluate Robo Advisors as a product and examine, the business model in comparison to the classical retail banking approach. To do this, the term retail banking will be explained in chapter two. Subsequently, in chapter three, Robo Advisors will be first described in general, then viewed as a product and finally critical evaluated. In chapter four, the last chapter, the Robo Advisor ROBIN of Deutsche Bank will be described. In connection with the current trend to invest money in passive investment products, a lot of private investors used Robo Advisors to build a portfolio and get the portfolio managed. A Robo Advisor is an online portfolio management solution, utilizing mathematical algorithms to make investment decisions. Robo Advisors primary invest the customers money in Exchange Traded Funds (ETFs).
Russia and America
Russia and America (1987) examines the divergence between two countries organised on diametrically opposed economic principles - one centrally-planned, state-dominated, the other a highly decentralised market economy, free from significant government intervention.
The Economic Development of the USSR
The Economic Development of the USSR (1982) examines the economic advances the Soviet Union made as the first major economy to adopt full-scale socialist planning. It provides an impartial assessment of the merits and defects of the Soviet planning system, which also served as a model for many other Communist countries.
Soviet Geography
Soviet Geography (1935) presents a comprehensive account of the economic development of the USSR as it stood at the time. It deals with the main changes in the distribution of the productive forces of the country and discusses their significance. It examines industry, agriculture, material resources, forestry, energy generation.
Soviet Central Asia
Soviet Central Asia (1989) explores the economic development of the four republics of Central Asia that suffered under Moscow's economic policies - Uzbekistan, Tajikistan, Turkmenistan and Kirghizia and argues that the region serves as a prime example of the failure of Soviet regional development policies.
Soviet Management and Labor Relations
Soviet Management and Labor Relations (1988) examines the official model of Soviet labor relations and the operational reality. It deals with the main aspects of the official model of labor relations and legislation; Soviet management practices, labor relations, industrial relations, strategic behaviour, collective actions.
