Growing Prosperity
In this elegantly argued book, political economists Barry Bluestone and Bennett Harrison examine America's great surge of economic expansion in its historical context to demonstrate the causes for the vibrancy of our economy. A Century Foundation Book
Renminbi from Marketization to Internationalization
This study looks into the significance of a floating exchange rate regime, further development of foreign exchange derivatives market, and concurrent internationalization of the Renminbi (RMB) for a resilient, open, and growing Chinese economy.
Globalization, Income Distribution and Sustainable Development
Most countries in the world today have entered an advanced phase of globalization with the objective of increasing growth of output and employment. With the evidence suggesting that this has been the case at a general level incorporated with a good sign of reducing income gap at the global level and an acceptable trend towards a global village, some inequalities across different groups of economies have been increasing in hand with the resultant increase in the aggregate pollution levels. The combined effects of these two negative impacts gives rise to the problem of maintaining sustainable development. Globalization, Income Distribution and Sustainable Development: A theoretical and empirical investigation addresses these feasibility issues of globalization, focusing on the impact of globalization on income distribution in a wider perspective and exploring the impact of globalization on sustainable development in a range of countries across the globe. With the help of new theories and the latest data, Globalization, Income Distribution and Sustainable Development asks the question: Are we eyeing for a better future?
A Guide to Good Money
Modern money, having now become a key tool of government economic policy and a source of massive tax revenues, has strayed far from its original purpose. This is doubly regrettable, as the better money functions at an individual level in satisfying demand for quality, the better it is for economic prosperity and freedom.This book presents how modern money works both in the domestic economy and globally, outlining the essence of what makes good money. How does modern money differ from this ideal? By focusing on the dichotomy between globalization on the one hand and modern money's base in the nation state (or group of states) on the other hand, the book demonstrates how US dominance in determining monetary conditions globally has grown since the mid-1990s. The book then discusses the adverse consequences, many of which are camouflaged, of present money doctrines now so widely and radically applied, presenting novel research on how the US by pursuing bad monetary policies has been the catalyst to deepening geo-political danger. The book continues by setting out how the illusions of asset inflation will fade, most likely in the midst of economic and financial tumult. The forces which bring about that income emanate in part from the long-run costs of growing mal-investment and monopolization which occur under monetary inflation especially in the context of a digitalization revolution. Apologists for the present monetary regime rest much of their case on these illusions and on the contention that the bill for the costs comes only in the long run. This book dismantles that case. A Guide to Good Money provides readers with the sight of a pathway to a promised land of real prosperity founded on sound money beyond those lost illusions, and will be of interest to academics, students, practitioners, and central bankers.
Deregulating Freight Transportation: Delivering the Goods
This book examines the effects of government intervention on the operations of the freight transportation industry.
Liberalizing Global Trade in Energy Services
This study examines current efforts to deepen trade commitments regarding energy services.
Telecommunications Liberation on Two Sides of the Atlantic
In response to the whirlwind electronics revolution of the 1990's, the European Union, Canada, and the United States launched new liberalization policies aimed at opening all telecommunications markets to competition. This report presents two views of the progress towards competitionone for North America and one for Europe.
The Effects of the Minimum Wage on Employment
In its proposal to increase the minimum wage, the Clinton administration has claimed that employment would not be adversely affected. Other research supports the view that a higher minimum wage means fewer jobs. This study discusses the strengths and weaknesses of both arguments.
Antidumping Industrial Policy
Antidumping actions are increasingly used as a means of fostering and protecting "strategic industries" by both developed and developing countries. This study analyzes the antidumping systems of a number of key trading nations-the United States, major European nations, and developing countries in Asia-and traces the interconnections with industrial policy. It also describes the implications of these new actions for the multilateral trading system.
The Economics and Politics of the Slowdown in Regulatory Reform
Financing Entrepreneurs
This book is a collection of essays on proposals to provide tax incentives to stimulate the growth of high-technology firms.
United States Fiscal Policy
In two essays, John H. Makin traces the unusual path of US fiscal policy in the first half of the 1980s.
How Capitalistic is the Constitution?
What is the relationship between democratic government and a capitalist economic system?
Wage policy in the Federal bureaucracy (Studies in economic policy)
This book examines how the salaries of the 2.4 million full-time, permanent civilian employees of the federal government are determined.
Trade in Services: A Case for Open Markets
Although the service sector has been largely ignored in the world trade system, trade in services has in the past two decades become an important source of jobs and economic growth.
Using Federalism to Improve Environmental Policy
This book explores the effects of current regulatory policies and proposes a radical restructuring of the environmental regulatory authority.
American Trade Policy:
The author argues that American productivity and living standards, along with those of other countries, will improve only with a renewed commitment to open multilateral trade.
Transition Costs of Fundamental Tax Reform
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.
Reviving Regulatory Reform
This pioneering study uses the latest available data to examine the internationalization of regulation and regulatory reform.
The Challenges of China's Growth
China's economic growth since 1978 has transformed the country. People are richer, freer, and healthier than they have ever been, and if current growth rates are sustained, poverty will be eliminated in China by 2025.
Tiger by the Tail
In this work, the authors examine the problems that are likely to delay China's accession to the World Trade Organization. They propose guidelines for how the WTO should address the accession of not only China, but of other non-market economies as well.
The Economics of Preferential Trade Agreements
This volume explores the claims of proponents of free-trade areas and analyzes two principal initiatives associated with recent US trade policy: NAFTA and APEC. The authors conclude that the US should reject preferential trading in favour of the more beneficial goal of non-preferential trading.
Making Economic Policy in Congress (AEI studies)
This book explores the many ways that Congress makes economic decisions.
Individualising Risk
This book investigates how paid care work and employment are being transformed by policies of social care individualisation in the context of new gig economies of care. Drawing on a case study of the creation of a new individualised care market under Australia's National Disability Insurance Scheme the book provides important insights into possible futures for social care employment where care is treated as an individual consumer service. Bringing together sociological, political science and socio-legal approaches the book demonstrates how, in individualised care markets and with ineffective labour laws, risks of business and employment are devolved to frontline care workers. The book argues for an urgent re-evaluation of current policy approaches to care and for new regulatory approaches to protect workers in diverse forms of employment.
Humanism Economics
Building on a theory of human intelligence, this book explores the importance of - and limits of - cost/benefit calculus (safety first in hostile environment), on the evolution of economic activity and political discourse. Arguing that intelligence consists of wisdom, cost/benefit reasoning, and creative genius, the book explores the history of the world from hunting and gathering to modern times, drawing on art, literature and invention. It emphasizes ethics, expectations and the importance of historical experience in shaping the humanist economics story.
The Digital Continent
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. As recently as the early 2010s, there were more internet users in countries like France or Germany than in all of Africa put together. But much changed in that decade, and 2018 marked the first year in human history in which a majority of the world's population is now connected to the internet. This mass connectivity means that we have an internet that no longer connects only the world's wealthy. Workers from Lagos to Johannesburg to Nairobi, and everywhere in between, can now apply for and carry out jobs coming from clients who themselves can be located anywhere in the world. Digital outsourcing firms can now also set up operations in the most unlikely of places in order to tap into hitherto disconnected labour forces. With CEOs in the Global North proclaiming that location is a concern of the past, and governments and civil society in Africa promising to create millions of jobs on the continent, The Digital Continent investigates what this new world of digital work means to the lives of African workers. Anwar and Graham draw on a five-year-long field study in South Africa, Kenya, Nigeria, Ghana, and Uganda, and over 200 interviews conducted with participants including gig workers, call and contact centre workers, small self-employed freelancers, business owners, government officials, labour union officials, and industry experts. Focusing on both platform-based remote work and call and contact centre work, the book examines the job quality implications of digital work for the lives and livelihoods of African workers.
Poverty Reduction for Inclusive Sustainable Growth in Developing Asia
Contesting Malaysia's Integration Into the World Economy
This book brings together a set of incisive essays that interrogate Malaysian history and social relations which began during pre-colonial times, and extended to colonial and post-colonial Malaysia. It addresses economic misinterpretations of the role of markets in the way colonial industrialisation evolved, the nature of exploitation of workers, and the participation of local actors in shaping a wide range of socioeconomic and political processes. In doing so, it takes the lead from the innovative historian, Shaharil Talib Robert who argued that the recrafting of history should go beyond the use of conventional methodologies and analytic techniques. It is in that tradition that the chapters offer a semblance of causality, contingency, contradictions, and connections. With that, the analysis in each chapter utilises approaches appropriate for the topics chosen, which include history, anthropology, sociology, economics, politics, and international relations. The collection of chapters also offer novel interpretations to contest and fill gaps that have not been addressed in past works. The book is essential reading for history students, and those interested in Malaysian history in particular.
How the World Became Rich
Most humans are significantly richer than their ancestors. Humanity gained nearly all of its wealth in the last two centuries. How did this come to pass? How did the world become rich? Mark Koyama and Jared Rubin dive into the many theories of why modern economic growth happened when and where it did. They discuss recently advanced theories rooted in geography, politics, culture, demography, and colonialism. Pieces of each of these theories help explain key events on the path to modern riches. Why did the Industrial Revolution begin in 18th-century Britain? Why did some European countries, the US, and Japan catch up in the 19th century? Why did it take until the late 20th and 21st centuries for other countries? Why have some still not caught up? Koyama and Rubin show that the past can provide a guide for how countries can escape poverty. There are certain prerequisites that all successful economies seem to have. But there is also no panacea. A society's past and its institutions and culture play a key role in shaping how it may - or may not - develop.Also available as an audiobook.
Public Policy and the Impact of Covid-19 in Europe
The book examines the government policy of EU states during the pandemic; studies the behaviour of EU societies; reveals the influence of the pandemic crisis on the economy of EU states and formulates a successful strategy to counteract the challenges wrought by the pandemic.
Complexities of Financial Globalisation
Since the 1990s, several emerging market and developing economies (EMDEs) have, to varying degrees, embraced the process of financial globalisation, broadly defined as a set of policies that involve allowing for greater openness to cross-border capital flows as well as greater market access to foreign financial institutions. This book provides a systematic empirical analysis on the complex interactions between financial sector development, macroeconomic and financial stability in EMDEs in general and those in the Asian region in particular.The book consists of three sections pertaining to monetary and exchange rate policies under financial globalisation; financial inclusion and macroeconomic policies in the context of financial liberalisation; and finally, the dynamics of foreign direct investment flows and their real impacts in EMDEs. Each of the chapters analyse important economic policy issues of contemporary relevance and is informed by data and rigorous empirical analysis.The book will be appealing to anyone interested in exploring the implications of a key set of issues emanating from financial globalisation on EMDEs in a rigorous but readable manner.
A History of European Economic Thought
A History of European Economic Thought grafts the history of economic thought onto Global History by showing how significant economic ideas have influenced the process of Europe's formation from the very beginning to the present day.
Economic Well-Being and Household Debt
This book provides insight into the concepts, measures, and determinants of household indebtedness, over-indebtedness, and well-being by integrating theoretical perspectives, adopting recent analytical methods, using a sample of Polish households.
Did the Corona Crisis widen the gap between rich and poor? An Analysis of Economic Inequality in Germany during the Corona Crisis
Master's Thesis from the year 2021 in the subject Economics - Macro-economics, general, grade: 1,3, Berlin School of Economics and Law, language: English, abstract: This Master's thesis aims to address the in the media, politics and academia recurring issue of economic inequality against the background of the Corona crisis in Germany. Through a deductive literature analysis, the research question to what extend the economic inequality in Germany changed during the Corona crisis is answered. Due to the Corona pandemic that broke out in March 2020, almost all countries in the world were forced to contain the spread of infections as quickly as possible to not overburden healthcare systems. Severe restrictions were imposed almost worldwide, in some cases lasting already several months. In Germany two phases of severe residual restrictions, one beginning in March 2020 and another beginning in October 2020, also have persistently brought public life to a virtual standstill, thus having a considerable impact on the corresponding economic strength. In addition to growth losses, high national debts, and other socioeconomic consequences the redistribution of economic assets and change in economic inequality has been controversially discussed in academia as well as in the media and thus crystallised as a current problem statement for science and politics. Regarding the state of research, it can be noted that representative surveys and studies of income distribution have published valid results and analyses in relation to the Corona crisis. The longer-term effects of wealth distribution are less well researched at this point of time. This paper incorporates published data and studies up to May 2021.
The Collected Papers of Leonid Hurwicz
Leonid Hurwicz (1917-2008) was a major figure in modern theoretical economics whose contributions over sixty-five years spanned at least five areas: econometrics, nonlinear programming, decision theory, microeconomic theory, and mechanism design. In 2007, at age ninety, he received the Nobel Memorial Prize in Economics (shared with Eric Maskin and Roger Myerson) for pioneering the field of mechanism design and incentive compatibility. Hurwicz made seminal contributions in the other areas as well. In non-linear programming, he contributed to the understanding of Lagrange-Kuhn-Tucker problems (along with co-authors Kenneth Arrowand Hirofumi Uzawa). In econometrics, the Hurwicz bias in the least-squares analysis of time series is a fundamental and commonly cited benchmark. In decision theory, the Hurwicz criterion for decision-making under ambiguity is routinely invoked, sometimes without a citation since his original paper was never published. In microeconomic theory, Hurwicz (along with Arrow and H.D. Block) initiated the study of stability of the market mechanism, and (with Uzawa) solved the classic integrability of demand problem, a core result in neoclassical consumer theory. While some of Hurwicz's work were published in journals, many remain scattered as chapters in books which are difficult to access; yet others were never published at all. The Collected Papers of Leonid Hurwicz is the first volume in a series of four that will bring his oeuvre in one place, to bring to light the totality of his intellectual output, to document his contribution to economics and the extent of his legacy, with the express purpose to make it easily available for future generations of researchers to build upon.
National Single Window
This note provides information on planning and implementing electronic national single window systems to support efficient compliance with international trade regulations.A national single window enables trade and transport stakeholders to provide information to multiple government agencies through one platform to meet import, export, and transit requirements efficiently. Processing international trade through a single window reduces cargo release time and the cost of doing business, increases competitiveness and efficiency, and improves the way business is done. The guidance note explores why such a system matters, key governance and design components, international interoperability, good practices, and risk mitigation.
Liberalism and the Philosophy of Economics
Drawing on recent work in the contemporary philosophy of economics, this book presents new ideas on liberalism, including the concept of 'growth-oriented liberalism'.
Equity and Healthcare Reform in Developing Economies
This book examines the long-term effects of Turkey's health system regulations on the health spending characteristics of households and improves the current understanding of equity in this context. It includes extensive international comparisons of healthcare services across a range of developing countries.
The Political Economy of Populism
The Political Economy of Populism: An Introduction explores the interplay between identity, the economy and inequality to explain the dynamics of populist votes since the beginning of the 20th century.
The Evolution of Interest and Debt
It would be difficult to examine interest-free alternative financial systems without reviewing the evolution of debt; thus, this book offers a chronological account of the development of interest-bearing debt and contributors offer their take on how the issue of interest has been addressed throughout medieval and modern civilizations.
A Quantitative Analysis of Regional Well-Being
Using data from the World Values Survey, this book sheds light on the link between happiness and the social group to which one belongs. The work is based on a rigorous statistical analysis of differences in the probability of happiness and life satisfaction between the predominant social group and subordinate groups. The cases of India and South Africa receive deep attention in dedicated chapters on cast and race, with other chapters considering issues such as cultural bias, religion, patriarchy, and gender. An additional chapter offers a global perspective. On top of this, the longitudinal nature of the data facilitates an examination of how world happiness has evolved between 1994 and 2014. This book will be a valuable reference for advanced students, scholars and policymakers involved in development economics, well-being, development geography, and sociology.
Cultural Economics
Written by Li Yining, one of the best-known Chinese economists, this book introduces the central concepts of cultural economics and the culture industry, proposing groundbreaking views that greatly influenced the culture policies of China, including cultural adjustment, cultural confidence and cultural checks and balances.
An Analysis of the Product-Specific Rules of Origin of the Regional Comprehensive Economic Partnership
This publication analyzes the Product-Specific Rules of Origin (PSRO) of the Regional Comprehensive Economic Partnership (RCEP) and other free trade agreements and proposes policy options.The report compares RCEP with the ASEAN Trade in Goods Agreement and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. It looks at the main rules of origin provisions of the three free trade agreements and discusses differences and similarities in how they were drafted. The study compares the stringency and leniency of RCEP PSRO with that of the other agreements and identifies where PSRO among the three are converging. Its findings provide the basis for policy recommendations to leverage RCEP to simplify rules of origin across Asia and the Pacific.
Analyzing Electoral Promises with Game Theory
Electoral promises help to win votes and political candidates, or parties should strategically choose what they can deliver to win an election.The book also includes cases to illustrate real life applications of these theories. ​
Absolute Essentials of International Business
As challenges to the era of globalization emerge, international business as a field of study grows in importance and complexity. This shortform textbook introduces learners to the frameworks within which international business occurs and to the range of actions that companies might undertake in these environments.
The Regional Comprehensive Economic Partnership Agreement
This report compares the Regional Comprehensive Economic Partnership (RCEP) with other free trade agreements and suggests how policy makers can promote its successful implementation.The analysis in this report aims to support policy makers and negotiators in RCEP implementation by identifying areas where further work is needed to make the agreement more attractive to firms and investors. The report shows that despite RCEP's shortcomings it presents valuable opportunities to deepen regional economic integration. Critically important are the agreement's built-in provisions and economic and technical cooperation measures that make it possible to expand its depth and coverage in the future.
Understanding Financial Crises
Incorporating a broad range of economic approaches, Understanding Financial Crises explores the merits of various arguments and theories which have been used to explain the causes of financial crises.
Public Goods and the Fourth Industrial Revolution
This book redefines the current paradigm of public goods in the era of the fourth industrial revolution. It proposes a model of production and distribution of public goods that acknowledges the participation of entities from the public, private, and nonprofit sectors.
