Development economics Books

Book SynopsisElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.In this thoroughly revised and updated second edition, Mariana Mota Prado and Michael J. Trebilcock offer a succinct and readable introduction to the main concepts and debates in the field of law and development. They examine the role of legal systems and institutions, investigate perceptions around what laws and legal arrangements encourage and facilitate development, and probe the issues arising in both private law and public law as well as in international economic relations.Key features of the second edition include: Discussion of the role of technology in promoting development Analysis of the potential impact of the Covid-19 pandemic on developing countries A brand new chapter investigating the role of health and education in development Written with the insight of two top experts in the field, this Advanced Introduction covers the most recent trends in law and development research and highlights areas that remain underexplored. It will be essential reading for students, practitioners and policy-makers looking to gain a clear understanding of the core principles of this multifaceted topic.Trade Review'The Advanced Introduction to Law and Development is the most comprehensive and interdisciplinary textbook on the role of law in socioeconomic development. The authors cover an impressive range of topics, including a new chapter on health and education, and offer a clear synthesis of the main academic and policy debates for each. A must read not only for the novice to the field but for anybody needing an update on the major debates and a great teaching tool.' -- Katharina Pistor, Columbia Law School, US'The Advanced Introduction to Law and Development by Mariana Mota Prado and Michael J. Trebilcock offers a concise, sophisticated, and highly readable overview of key areas in this vast and dynamic field. It is an excellent resource for students, scholars, and policymakers interested in understanding and contributing to the different roles of law in promoting economic and social development.' -- Mariana Pargendler, Fundação Getulio Vargas Law School, BrazilTable of ContentsContents: Introduction to the Advanced Introduction to Law and Development, second edition PART I CONCEPTUAL FOUNDATIONS 1. Defining development 2. Determinants of development 3. Institutional theories of development PART II THE STATE AND DEVELOPMENT 4. The rule of law and development 5. Political regimes and development 6. Public administration and development PART III HUMAN CAPITAL, CAPABILITIES AND DEVELOPMENT 7. Ethnic conflict and development 8. Gender and development 9. Education, health and development PART IV THE PRIVATE SECTOR AND DEVELOPMENT 10. Property rights, contracts and development 11. Infrastructure and development 12. Corruption and development PART V INTERNATIONAL ECONOMIC RELATIONS, LAW AND DEVELOPMENT 13. International trade and development 14. Foreign direct investment and development 15. Foreign aid 16. Conclusion Index

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Book SynopsisElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas.In this thoroughly revised and updated second edition, Mariana Mota Prado and Michael J. Trebilcock offer a succinct and readable introduction to the main concepts and debates in the field of law and development. They examine the role of legal systems and institutions, investigate perceptions around what laws and legal arrangements encourage and facilitate development, and probe the issues arising in both private law and public law as well as in international economic relations.Key features of the second edition include: Discussion of the role of technology in promoting development Analysis of the potential impact of the Covid-19 pandemic on developing countries A brand new chapter investigating the role of health and education in development Written with the insight of two top experts in the field, this Advanced Introduction covers the most recent trends in law and development research and highlights areas that remain underexplored. It will be essential reading for students, practitioners and policy-makers looking to gain a clear understanding of the core principles of this multifaceted topic.Trade Review'The Advanced Introduction to Law and Development is the most comprehensive and interdisciplinary textbook on the role of law in socioeconomic development. The authors cover an impressive range of topics, including a new chapter on health and education, and offer a clear synthesis of the main academic and policy debates for each. A must read not only for the novice to the field but for anybody needing an update on the major debates and a great teaching tool.' -- Katharina Pistor, Columbia Law School, US'The Advanced Introduction to Law and Development by Mariana Mota Prado and Michael J. Trebilcock offers a concise, sophisticated, and highly readable overview of key areas in this vast and dynamic field. It is an excellent resource for students, scholars, and policymakers interested in understanding and contributing to the different roles of law in promoting economic and social development.' -- Mariana Pargendler, Fundação Getulio Vargas Law School, BrazilTable of ContentsContents: Introduction to the Advanced Introduction to Law and Development, second edition PART I CONCEPTUAL FOUNDATIONS 1. Defining development 2. Determinants of development 3. Institutional theories of development PART II THE STATE AND DEVELOPMENT 4. The rule of law and development 5. Political regimes and development 6. Public administration and development PART III HUMAN CAPITAL, CAPABILITIES AND DEVELOPMENT 7. Ethnic conflict and development 8. Gender and development 9. Education, health and development PART IV THE PRIVATE SECTOR AND DEVELOPMENT 10. Property rights, contracts and development 11. Infrastructure and development 12. Corruption and development PART V INTERNATIONAL ECONOMIC RELATIONS, LAW AND DEVELOPMENT 13. International trade and development 14. Foreign direct investment and development 15. Foreign aid 16. Conclusion Index

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Book SynopsisProviding an exceptional overview and analysis of the global economy, from the origins of Homo sapiens to the present day, Colin White explores our past to help understand our economic future. He veers away from traditional Eurocentric approaches, providing a truly global scope for readers.A History of the Global Economy takes a holistic, interdisciplinary approach, beyond the narrow application of economic theory, to include the impact of climate change, genetics and culture. The main themes include the creative innovativeness of humans and how this generates economic progression, the common economic pathway trodden by all societies and the complementary relationship between government and the market. The book moves through the four key economic stages of human history - foraging, agriculture, industry and services - to finally examine where the direction of our future may lie.This comprehensive and ambitious book is a must-read for economists, particularly economic historians, as well as anthropology and political history scholars. It not only explores the history and origins of the global economy but also provides a valuable analysis of the current state of economic affairs, making it an ideal book for those wishing to understand more about our ever-evolving global society.Trade Review'Colin White has produced a work of staggering scholarship. It is in every sense ''big history''. The narrative encompasses the entire span of human experience - as well as that of its hominid predecessors. It offers provocative and original insights into virtually all the forces that have shaped thousands of years of economic history - genetic, social, cultural, political and environmental. It is an intellectual tour de force which few others could have achieved.' --Robert Ash, SOAS, University of London, UKTable of ContentsContents: Preface Part I: Introduction 1. Finding a common economic pathway 2. Transitions and revolutions Part II: Beginnings: place and people 3. Changing contexts 4. The past within us 5. The dynamic forager Part III: The agricultural phase, from 15000 BC to AD 1800 6. Asking the wrong questions 7. The Agricultural Revolution: 15000 BC - 1 BC 8. Innovativeness in agrarian civilisations: 15000 BC – AD 1800 Part IV: Empires and the rise of agrarian civilisations 9. The emergence of complex political organisation 10. First civilisations 11. The rise of an eastern agrarian civilisation: China 12. Imperialism moves westward 13. Imperial structures and their finite lifetimes 14. A natural experiment - the Americas Part V: Commerce as an enabler of modern economic development 15. The building of a global world: trade systems before 1500 16. The circle completed: 1500-1800 17. The integration of the global economy: 1700-1900 18. Creative innovativeness in full bloom Part VI: The emergence of the modern economy 19. The inception of modern economic development 20. Stage one – the Industrial Revolution in Britain 21. More industrial revolutions 22. The Asian miracle? Part VII: Where are we at? 23. Stage two of modern economic development: the Service Revolution 24. Looking backwards in order to peer forwards Bibliography Index

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Book SynopsisScholars and practitioners have long hailed fiscal federalism as a critical tool for improving government services, but it has not always lived up to its promise when applied in specific countries. This book offers both an explanation for such mixed effects and a roadmap for better outcomes in the future. It argues that the benefits of fiscal federalism are contingent on a particular confluence of political institutions, namely democratic decentralization and political party integration. With this in mind, the authors emphasize the importance of striking a ''fine balance'' between the accountability benefits delivered by empowered local governments and the national coordination necessary for good policy outcomes. Such a balance can be achieved, they contend, when integrated party structures compensate for the potential downsides of a decentralized state. The book formalizes this argument for a variety of electoral democracies and, using new data on subnational political institutions, tests it with models of education, health, and infrastructure service delivery in 135 countries across 30 years. It also presents comparative case studies of Senegal and Nigeria. Academic economists and political scientists will value the book for its contribution to the literature on fiscal federalism and political decentralization, and development practitioners will benefit from its practical solutions to the problems of local governance.Trade Review'In early work on federalism, economists and political scientists had rather distinct concerns and approaches. Second-generation theory then offered a more realistic political economy account of incentives in federal systems. This book goes further and explicitly integrates political and economic dimensions. The result is a major advance in our understanding of the political conditions that underpin decentralized service delivery.' --Joachim Wehner, London School of Economics and Political Science, UK'This volume by leading scholars, Hankla, Martinez-Vazquez and Ponce Rodríguez, makes a path breaking contribution in advancing our knowledge on decentralized governance by providing a comprehensive theoretical and empirical framework on the impact of political institutions on the provision of local public goods. The volume will hopefully re-invigorate scholarship on the third generation of fiscal federalism i.e. addressing the interaction of political institutions with fiscal and administrative institutions on equity and efficiency of public goods under decentralized governance.' --Anwar Shah, Brookings Institution, The World Bank, US and Southwestern University of Finance and Economics, China'Does fiscal decentralization really work? More to the point, under what specific conditions will decentralization actually deliver the gains that are often attributed to ''bringing government closer to the people''? It is this second and fundamental question that Charles R. Hankla, Jorge Martinez-Vazquez and Raúl Alberto Ponce Rodríguez examine in their masterly new treatise. They start with the standard Oates' ''decentralization theorem'', but they recognize the limits of this theorem in real-world political (and economic) environments. So, in a series of chapters that utilize the latest in sophisticated theoretical modeling, they extend the standard framework to incorporate considerations that reflect the key underlying realities of political institutions, especially ''democratic decentralization'' and ''party integration''. Their main conclusion is that democratic decentralization can produce the benefits predicted by Oates, but only when parties are integrated. They then test their framework in several empirical chapters, with results that largely confirm their theory. Their treatise is essential reading for anyone wanting both to understand decentralization and, more importantly, to design real-world institutions that can achieve the gains from decentralization.' --James Alm, National Tax Association and Tulane University, USTable of ContentsContents: 1. Introduction: Decentralization and Parties 2. Building the Theory: Majoritarian Electoral Systems and Party Integration 3. Building the Theory: Majoritarian Electoral Systems and Non-Integrated Parties 4. Building the Theory: Proportional Representation and Closed Party Lists 5. Building the Theory: Proportional Representation and Open Party Lists 6. Decentralization and Integrated Parties: Summarizing the Models 7. Empirically Testing the Role of Political Institutions 8. Two Comparative Case Studies: Political Parties and Local Governance in Nigeria and Senegal 9. Conclusion: A Fine Balance Bibliography Index

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Book SynopsisThis Research Handbook on Development and the Informal Economy captures the magnitude of the informal economy for the global labour force. It unravels numerous concepts, definitions and methods of data collection to offer valuable insight into the differences between the informal, non-observed and shadow economies. Situating the concept of the informal economy within the evolution of development theories, strategies and thinking over the past 50 years, this Research Handbook also explores the future direction of the informal economy. Chapters consider recent debates around the transition from the informal to the formal economy, a transition which would reshape the social contract between people and state. Expert international contributors examine a range of policies, actions, regions and groups of vulnerable workers to uncover which forms of organisation will lead to more power, recognition and sustainable livelihoods for the working poor. They also analyse how innovation, knowledge co-production and technological change at a grassroots level can improve the working and living conditions of the informal worker. This Research Handbook maps the changing landscape of the informal economy and will be an essential resource for academics, researchers and students in the fields of development studies, economics and international studies. Trade Review'Jacques Charmes and Edward Elgar Publishing are to be warmly congratulated for this Handbook, which reflects on 50 years of academic discussion on the informal economy, and offers us new insights and inspiration for the next 50 years of such work.' --Simon McGrath, University of Nottingham, UK'This Research Handbook on Development and the Informal Economy is a landmark volume offering a uniquely comprehensive overview of the informal economy across the global landscape. Expertly edited by Jacques Charmes, the volume is international in coverage and exhaustive in scope. Bringing together a global roster of authors and many of the leading authorities on the subject, the individual chapters address the multi-faceted dimensions in an expert manner, and collectively cover all the important issues arising from the persistence of the informal economy globally. It is a timely and authoritative Handbook, offering cutting-edge analysis and reflection, and is an essential read for students, academics and practitioners.' --Colin C. Williams, University of Sheffield, UKTable of ContentsContents: 1 Why and how should the informal economy be revisited after 50 years? 1 Jacques Charmes PART I CONCEPTS AND DEFINITIONS, METHODS OF MEASUREMENT AND ESTIMATION, MAGNITUDE AND CHARACTERISTICS, AND GLOBAL CONCEPTION OF STRATEGIES 2 The success story of a loose but useful concept: origins, development, magnitude and trends of the informal economy 19 Jacques Charmes 3 The Non-Observed Economy vs. the Shadow Economy in the European Union: concepts, measurements methods and estimates revisited 45 Philippe Adair 4 Informality and development in Africa 79 Dorothy McCormick, Erick Manga, Radha Upadhyaya, Paul Kamau, Herbert Wamalwa and Samuel Ngigi 5 Facing informal economy practices and institutions: the challenge of formalisation policies in Africa 116 Frédéric Lapeyre PART II RECONSIDERING THE MARGINS AND FRONTIERS OF THE INFORMAL ECONOMY 6 Informal employment and non-market work 147 Nancy Folbre 7 Assessing the figures of sex work throughout non-transition and transition European countries: magnitude, premium on earnings and informal employment 168 Philippe Adair and Oksana Nezhyvenko 8 Kinship groups and informal trade in West and Central Africa 210 Stephen S. Golub and Mirayda Martinez PART III GIVING VISIBILITY AND VOICE TO THE MOST VULNERABLE: OBSERVING, PARTICIPATING, SUPPORTING AND ORGANISING 9 Street vendors in Tunisia: encountering the informal economy 240 Laurence Michalak 10 Formalisation from the ground: the case of waste pickers’ cooperatives 263 Sonia Maria Dias and Lucía Fernández 11 Collective bargaining by informal workers in the global South: where and how it takes place 285 Françoise Carré, Pat Horn and Chris Bonner 12 Knowledge co-production with and for organisations of informal workers: building democratic capacity for social change 317 Ana Carolina Ogando and Jenna Harvey PART IV SKILLS, INNOVATION AND IMPACT OF TECHNOLOGICAL CHANGE IN THE INFORMAL ECONOMY 13 Skills development and the informal sector: a review of reports and commitments of the international institutions 347 Kenneth King 14 Informality and innovation: an avenue towards bottom-up industrialisation for Africa? 363 Erika Kraemer-Mbula and Lorenza Monaco 15 Innovation in refugee economies: supporting intermediaries that embrace informality 387 Jeremy de Beer and Nicole Tumaine 16 Women in the informal economy and the impact of technological change 410 Jacques Charmes Index 435

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Book SynopsisThis Research Handbook on Entrepreneurship in Emerging Economies provides a range of contextualized perspectives on entrepreneurship in emerging economies. Featuring contributions from leading experts, it explores the various social and institutional contexts that produce and affect entrepreneurship. This Research Handbook portrays the theories, processes and practices of entrepreneurship in emerging economies as being markedly different from those in developed, post-industrial economies, emphasizing how national context shapes incentives for entrepreneurial efforts. Exploring multiple theories of entrepreneurship, chapters dissect the opportunities - and barriers - emerging from various institutions and social practices from the Middle East, North Africa, Sub-Saharan Africa, Asia and Latin America. Comprehensive and incisive, this Research Handbook is an ideal guide for researchers and both undergraduate and postgraduate students working on emerging economies, particularly those with an interest in global entrepreneurship. It will also benefit policy-makers seeking to develop entrepreneurial activity in developing economies. Contributors include: M. Akoorie, A. Al Mulla, G. Anggadwita, N. Birdthistle, L.-P. Dana, B. Dye, K. Dye, A. Egbetokun, E. Elkaroui, B. Fang, H. Febriansyah, A. Flynn, A. Forouharfar, L. Galloway, J. Gibb, A. Gkikas, J.G. Hussain, A. Icha-Ituma, P.A. Igwe, O. Kolade, K.T.Z. Lwin, A. Mohsen, H. Mustafa, H. Nyugen, R. Palali , S. Pattinson, I. Peiris, T.S.H. Pham, D. Rae, V. Ramadani, L. Sarfaraz, J.M. Scott, M. Sherif, P. Sinha, M.N. Tunio, R. Wanjiru, C.W. Watson, H. ZarroukTrade Review'Contextualizing entrepreneurship is about acknowledging variety in forms, outcomes and entrepreneurial actions. This Research Handbook illustrates the heterogeneity of entrepreneurship in emerging countries around the world, including a number of countries we know little about. The contributors present fascinating insights about entrepreneurship from a broad variety of geographical contexts. I recommend this book to anyone interested in entrepreneurial diversity in emerging countries.' --Friederike Welter, Institut für Mittelstandsforschung Bonn and University of Siegen, GermanyTable of ContentsContents: 1 Introduction to the Research Handbook on Entrepreneurship in Emerging Economies 1 Jonathan M. Scott, Paresha Sinha, Jenny Gibb and Mich.le Akoorie PART I MIDDLE EAST AND NORTH AFRICA 2 Green entrepreneurship prospects and challenges: the context of Afghanistan 27 Ahsanullah Mohsen, Veland Ramadani and L.o-Paul Dana 3 A contextualized study of entrepreneurship in the Arab states prior to the Arab Spring: reviewing the impact of entrepreneurship on political stability 44 Amir Forouharfar 4 Entrepreneurial orientation in small firms: a qualitative exploration in the context of an emerging economy 64 Hajer Zarrouk, Laura Galloway, Mohamed Sherif, Elarbi Elkaroui and Anas Al Mulla 5 A new perspective on categorizing the level of economic development with respect to entrepreneurship 83 Leyla Sarfaraz PART II SOUTH ASIA AND LATIN AMERICA 6 Entrepreneurial opportunities and the role of contextual embeddedness 106 Indu Peiris, Mich.le Akoorie and Paresha Sinha 7 Academic entrepreneurship in developing countries: contextualizing recent debate 130 Muhammad Nawaz Tunio 8 Bolivia: land of the Aymar.s and Quechuas 147 L.o-Paul Dana PART III EAST ASIA AND MARITIME SOUTHEAST ASIA 9 The entrepreneurial role of Indonesian universities in the economic development of rural communities: in search of empowerment 160 Hary Febriansyah, C.W. Watson and Aineias Gkikas 10 Entrepreneurship in Indonesia: some contextual aspects 179 Grisna Anggadwita and Ramo Palalić 11 Entrepreneurs in the Philippines: creative deviance as a response to institutional anomie 205 Bruce Dye and Kelly Dye 12 Entrepreneurial intentions of immigrant Chinese students in Ireland 223 Antoinette Flynn, Naomi Birdthistle and Boyu Fang PART IV MAINLAND SOUTHEAST ASIA 13 Using trust-based social capital in coping with institutional constraints: the case of entrepreneurs in Myanmar 241 Khine Tin Zar Lwin, Paresha Sinha and Jenny Gibb 14 An exploration of Vietnamese entrepreneurs 266 Hang T.T. Nyugen and Hanh Song Thi Pham 15 Bazaar entrepreneurship as social and institutional practice: the case of Malaysian accounting research 286 Hasri Mustafa PART V SUB-SAHARAN AFRICA 16 Supporting sustainable, equitable growth in sub-Saharan Africa: a conceptual model for enabling social enterprise governance 302 Steven Pattinson and Roseline Wanjiru 17 A review of ten years of African entrepreneurship research 325 Paul Agu Igwe and Afam Icha-Ituma 18 Entrepreneurial resilience in turbulent environments: the role of spiritual capital 354 Oluwaseun Kolade, Abiodun Egbetokun, David Rae and Javed Hussain Index 373

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Book SynopsisThis comprehensive Handbook provides an in-depth analysis of the nature of East Asian economic integration alongside thoughtful insights into contemporary issues, such as digital technology and the environment. Contributors provide detailed explanations of the origins of the topic, tracing the evolution of production networks and guiding readers through contemporary policy issues.Key feaatures: Trade, poverty and Aid-for-Trade Skills and human capital development policies of ASEAN Institutional reforms, regulatory reform and measuring integration Agricultural development, structural transformation and East Asian trade The Handbook concludes with a considered review of regional security and discusses how improvements in this area can cause obstructions to economic integration, highlighting future approaches for how these issues can be resolved.Accessible and engaging, this Handbook will be an excellent resource for scholars of Asian and regional economics and studies. Policymakers within the media and financial institutions will also benefit from the practical case studies and suggested avenues for future policy improvements.Trade Review‘The fast-growing countries of East Asia have achieved some of the most spectacular economic achievements of all time. Factory Asia followed a different path from Europe and North America. This book explains how this all came about, by tracking the role of trade, investment, supply chains, connectivity, financial integration and trade agreements, clarifying how all this came together to help change people’s lives. At last we have a comprehensive account, written by leading scholars and policymakers from the region.’ -- Alan Bollard, Victoria University of Wellington, New Zealand and past Director, APEC Secretariat, SingaporeTable of ContentsContents: Foreword by Hidetoshi Nishimura ix Acknowledgements xi List of abbreviations xii 1 Introduction to the Handbook on East Asian Economic Integration: An overview of shifting paradigm in globalisation, trade, and investment in East Asia 1 Fukunari Kimura, Mari Pangestu, Shandre Mugan Thangavelu, Christopher Findlay, and Dionisius Narjoko 2 East Asian architecture of integration 21 Mari Pangestu and Shiro Armstrong 3 Modelling Asia-Pacific regional integration 49 Peter A. Petri, Michael G. Plummer, and Fan Zhai 4 Trade in goods with internationalised production activities 66 Toshiyuki Matsuura and Ayako Obashi 5 FDI activities and integration in ASEAN and East Asia 88 Shandre Mugan Thangavelu, Shujiro Urata, and Dessie Tarko Ambaw 6 International population mobility in East Asia 110 Aris Ananta and Evi Nurvidya Arifin 7 Services 137 Christopher Findlay and Hein Roelfsema 8 Agricultural development, structural transformation, and East Asian trade 156 Kym Anderson 9 Institutional reform, regulatory reform, and integration in East Asia 180 Rashesh Shrestha and Ha Thi Thanh Doan 10 Business impediments to economic integration in Southeast Asia 203 Cassey Lee 11 Trade creation and utilisation of regional trade agreements 218 Kazunobu Hayakawa and Kohei Shiino 12 Trade, poverty, and Aid-for-Trade 235 Jayant Menon and Anna Cassandra Melendez 13 Investment in connectivity 257 Andrew Elek and Christopher Findlay 14 Connectivity and the geographical simulation model 273 Ikumo Isono and Damiaan Persyn 15 East Asian financial integration in banking, markets and regulation 299 Donald Hanna and Andrew Sheng 16 Economic integration, climate change, and sustainable development in East Asia 321 Simon Tay 17 Energy transition for fuelling economic integration in East Asia 342 Venkatachalam Anbumozhi 18 Reorganisation of production 366 Fukunari Kimura and Dionisius Narjoko 19 Skills and human capital development policies of ASEAN 390 Shandre Mugan Thangavelu and Wenxiao Wang 20 Digitalisation and market integration 413 Hosuk Lee-Makiyama 21 The economics–security nexus and East Asian integration 435 Priya Chacko and Kanishka Jayasuriya Index 454

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Book SynopsisExploring the relationship between cultural heritage and local economic development, this book introduces the original idea that one possible mediator between the two can be identified as creativity. Using a strong theoretical and empirical framework, Silvia Cerisola explores how cultural heritage, creativity and economic development are inextricably linked. This book is a clear econometric demonstration of how cultural heritage, through its inspirational role on different creative talents, generates an indirect positive effect on local economic development. These positive results justify important new policy recommendations in the field of cultural heritage. Interpreting both creativity and cultural heritage in a novel way, the author offers a new reading of the long lasting debate on the topic, examining different roles and impacts on the welfare of the local community. Regional science scholars will greatly appreciate the original conceptual framework and the empirical foundations of the book, as well as the thorough explanation of different approaches to the measurement of creativity. Policy makers and stakeholders will also benefit from the case studies highlighting the importance of cultural heritage.Trade Review'This book is one of the very first to explore a perspective too often forgotten in the debates on the value of cultural heritage. It deals with the support of cultural heritage for creativeness and helps us understand heritage as an asset for the future, and not merely as a footprint of the past. Moreover this book combines theoretical and statistical perspectives, which makes a seminal contribution for both practitioners and academics.' --Xavier Greffe, University of Paris 1 Panthéon-Sorbonne, France'The invaluable effects of cultural heritage on society in terms of education, inspiration and identity are commonly acknowledged in the relevant literature, but have never been assessed in quantitative terms. This book does so in a rigorous and convincing way, through the role of another critical element, social creativity.' --Roberto Camagni, Politecnico di Milano, Italy'By attributing to cultural heritage an inspirational and creative value, this book provides a fascinating new insight on its relationship with regional development. The volume elegantly conceptualises and empirically tests the role of creativity as a mediator between cultural heritage and local performance.' --Roberta Capello, Politecnico di Milano, Italy and Past President of RSAI, PortugalTable of ContentsContents: 1. Setting the scene 2. From cultural heritage to local development 3. Creativity: definitions and measures 4. A new conceptual framework for the definition and measurement of creativity 5. From cultural heritage to creativity 6. From creativity to socio-economic development 7. From cultural heritage to development through creativity 8. Conclusions and policy implications References Index

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Book SynopsisIn contrast to neo-classical mainstream approaches to economics, this innovative Modern Guide addresses the complex reality of economic development as an inherently uneven process, exploring the ways of theorizing and empirically exploring the mechanisms with which the unevenness manifests itself.Advancing experience-based theories in the debate of economic development, this Modern Guide provides a qualitative, holistic and nuanced understanding of economic inequality by uniquely combining explanations from a large number of academic fields. It covers a wide array of issues influencing wealth and poverty, technological innovation, ecology and sustainability, financialization, population, gender and geography, and considers the dynamics of cumulative causations created by the interplay between these factors. By looking at falling real wages, world income distribution, and refugees and migrants in poorer regions, it ultimately explains why wealth and poverty are so unevenly distributed globally.The cutting-edge discussions in this Modern Guide will prove invaluable for students and scholars from a range of disciplines including economics and development studies. In today’s world of ‘single-issue management’, the alternative theories of mutual influence in this book will prove useful to policy makers working across a variety of economic fields.Trade Review‘At the core of this edited book is the crucial place of imperialism in explaining uneven development. Erik Reinert is an outstanding development economist. In criticizing Eurocentric orthodox economics, which is expressed in mathematics, he, Ingrid Harvold Kvangraven, and the other authors reveal a notable knowledge of economics and the history of economic thought.’ -- Luiz Carlos Bresser-Pereira, Fundação Getulio Vargas, Brazil‘The boundless erudition of Erik Reinert animates this collection, augmented by the diverse expertise of many colleagues, and underpinned by their shared grasp of how and why the great voices of progressive political economy – List, Carey, Peshine Smith to name several – were stilled and forgotten as narrow dogmas came to rule the economic roost.’ -- James K. Galbraith, The University of Texas at Austin, US‘Uneven development is not an aberration: it’s been a central feature of capitalism through its history. This fascinating book provides many insights into this process: providing spatial and temporal analyses; identifying causes and consequences; linking with institutions and regulations; even showing how it can be associated with technological retrogression in some cases. Essential reading for anyone interested in economic development.’ -- Jayati Ghosh, University of Masschusetts Amherst, USTable of ContentsContents: Introduction: uneven development ‒ addressing causes versus treating symptoms 1 Erik S. Reinert and Ingrid Harvold Kvangraven PART I NATURE-MADE VERSUS POLICY-MADE SOURCES OF UNEVEN DEVELOPMENT 1 Uneven economic development: identifying the blind spots of mainstream economics 19 Erik S. Reinert 2 Geography, uneven development and population density: attempting a non-ethnocentric approach to development 46 Erik S. Reinert, Salah Chafik and Xuan Zhao 3 Redirecting growth: inclusive, sustainable and innovation-led 71 Mariana Mazzucato and Carlota Perez PART II ASSUMPTIONS, ABSTRACTIONS AND APPROACHES TO UNEVEN DEVELOPMENT 4 Altered states: Cartesian and Ricardian dreams 108 Erik S. Reinert, Monica Di Fiore, Andrea Saltelli and Jerome R. Ravetz 5 Gender and uneven development 135 Lyn Ossome 6 Dependency theory: strengths, weaknesses, and its relevance today 147 Ingrid Harvold Kvangraven 7 The need to centre imperialism in studies of uneven development 171 Ingrid Harvold Kvangraven 8 Imperialism: a note on the unequal treaties of modern China and Japan 186 Xuan Zhao PART III UNDERSTANDING MECHANISMS THAT CREATE AND PREVENT INEQUALITY 9 Physiocracy, guillotines and antisemitism? Did economics emulate the wrong Enlightenment? 200 Andrea Saltelli and Erik S. Reinert 10 Technological retrogression and persistent poverty 218 Sylvi B. Endresen PART IV WHEN NATIONS AND SYSTEMS DECLINE AND COLLAPSE 11 When nations collapse: a note on Jacob Bielfeld’s ‘On the Decline of States’ (1760) 238 Erik S. Reinert 12 Free trade with the former COMECON countries as unequal exchange 255 Marta Kuc-Czarnecka, Andrea Saltelli, Magdalena Olczyk and Erik S. Reinert 13 Escaping the poverty trap in China: the co-evolution of diversity in property and economic development 277 Ting Xu 14 Recent experiences of successful economic policies: the case of Uzbekistan 304 Vladimir Popov PART V FINANCE VERSUS THE REAL ECONOMY 15 Uneven development, financialised capitalism and subordination 332 Bruno Bonizzi, Annina Kaltenbrunner and Jeff Powell 16 Unequal growth and the single currency: the fiscal policy paradox 348 Jan Kregel PART VI ECOLOGY 17 Identifying ecologically unequal exchange in the world-system: implications for development 367 Alf Hornborg Conclusion: what are the important lessons from history? 389 Erik S. Reinert and Ingrid Harvold Kvangraven Index 406

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Book SynopsisProviding a broad overview of the impact of COVID-19 on economic development, this timely book closely examines the macroeconomic aspects of economic development and the design of monetary policies including under extreme crises. Raghbendra Jha expertly introduces the subject, highlighting the links between economic growth and macroeconomic stability and illustrates a snapshot of economic development. Thoughtful discussions on measurements and limitations of the Human Development Index as well as the role of institutions and the design for monetary policy are also thoroughly reviewed. Furthermore, the book considers the open economy aspects of economic development and the challenges experienced following the global COVID-19 pandemic and beyond. The insightful overview of this evolving subject will be crucial reading for scholars interested in economic development, undergraduate and graduate students of economics, as well as economics scholars more broadly. Policymakers, both nationally and internationally, will find the discussions surrounding the design of monetary policies informative and illuminating.Trade Review‘Jha has written the ultimate book for the student, teacher or researcher working on the theory and practice of macroeconomics in developing countries. While it is a comprehensive book, covering almost every important topic in macro decision-making one can think of, it is written in an easily-accessible manner for both students not fully familiar with the subject and researchers actively working in this area. The range of topics covered is very wide – fiscal policy, financial inclusion and financial institutions, the unique aspects of monetary theory as applied to low and middle-income countries, as well as the foundations of stochastic general equilibrium macro models. There’s even a chapter on the economic effects of the COVID-19 pandemic on the economies of developing countries! In his usual style, Jha covers all the important points one needs to know in a particular topic – the theory underlying the topic, the historical context and the evolution of the literature in that area, any empirical debates or controversies, and the implications for public policies. Jha’s book is a tour de force in the field of macro-development – a must-read book that should be on any graduate development economic course syllabus!’ -- Anil Deolalikar, University of California Riverside, US‘Professor Raghbendra Jha is an eminent macroeconomist. In my opinion, this is perhaps the only book which blends a complete mastery over macroeconomic theory with a profound understanding of policies in the context of developing economies. The author’s own outstanding contributions to a wide range of topics are combined with a deep understanding of how macroeconomic theory must be adapted to enhance human well-being. The book sets high standards of analytical rigour with admirably lucid exposition of complex topics and concepts. Graduate students, researchers and policymakers will benefit immensely from a careful reading of this outstanding book.’ -- Raghav Gaiha, University of Pennsylvania, US‘Clear, concise, and comprehensive in coverage! Macroeconomics for Development explains in accessible language the use of the tools of macroeconomics in stabilising output at full employment. The emphasis is on developing countries but the issues raised are relevant to all nations.’ -- Satish Chand, University of New South Wales, AustraliaTable of ContentsContents: Preface 1. Introduction: less developed countries and macroeconomics 2. Development indicators at the global level 3. Finance, institutions and economic development 4. The design of monetary policy for development 5. Fiscal policy 6. Facets of macroeconomic policymaking in open economies 7. Microeconomic foundations for stochastic general equilibrium macro models 8. Economic consequences of the COVID-19 pandemic for the developing world 9. Macroeconomic policies in the current global context Index

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Book SynopsisProviding a broad overview of the impact of COVID-19 on economic development, this timely book closely examines the macroeconomic aspects of economic development and the design of monetary policies including under extreme crises. Raghbendra Jha expertly introduces the subject, highlighting the links between economic growth and macroeconomic stability and illustrates a snapshot of economic development. Thoughtful discussions on measurements and limitations of the Human Development Index as well as the role of institutions and the design for monetary policy are also thoroughly reviewed. Furthermore, the book considers the open economy aspects of economic development and the challenges experienced following the global COVID-19 pandemic and beyond. The insightful overview of this evolving subject will be crucial reading for scholars interested in economic development, undergraduate and graduate students of economics, as well as economics scholars more broadly. Policymakers, both nationally and internationally, will find the discussions surrounding the design of monetary policies informative and illuminating.Trade Review‘Jha has written the ultimate book for the student, teacher or researcher working on the theory and practice of macroeconomics in developing countries. While it is a comprehensive book, covering almost every important topic in macro decision-making one can think of, it is written in an easily-accessible manner for both students not fully familiar with the subject and researchers actively working in this area. The range of topics covered is very wide – fiscal policy, financial inclusion and financial institutions, the unique aspects of monetary theory as applied to low and middle-income countries, as well as the foundations of stochastic general equilibrium macro models. There’s even a chapter on the economic effects of the COVID-19 pandemic on the economies of developing countries! In his usual style, Jha covers all the important points one needs to know in a particular topic – the theory underlying the topic, the historical context and the evolution of the literature in that area, any empirical debates or controversies, and the implications for public policies. Jha’s book is a tour de force in the field of macro-development – a must-read book that should be on any graduate development economic course syllabus!’ -- Anil Deolalikar, University of California Riverside, US‘Professor Raghbendra Jha is an eminent macroeconomist. In my opinion, this is perhaps the only book which blends a complete mastery over macroeconomic theory with a profound understanding of policies in the context of developing economies. The author’s own outstanding contributions to a wide range of topics are combined with a deep understanding of how macroeconomic theory must be adapted to enhance human well-being. The book sets high standards of analytical rigour with admirably lucid exposition of complex topics and concepts. Graduate students, researchers and policymakers will benefit immensely from a careful reading of this outstanding book.’ -- Raghav Gaiha, University of Pennsylvania, US‘Clear, concise, and comprehensive in coverage! Macroeconomics for Development explains in accessible language the use of the tools of macroeconomics in stabilising output at full employment. The emphasis is on developing countries but the issues raised are relevant to all nations.’ -- Satish Chand, University of New South Wales, AustraliaTable of ContentsContents: Preface 1. Introduction: less developed countries and macroeconomics 2. Development indicators at the global level 3. Finance, institutions and economic development 4. The design of monetary policy for development 5. Fiscal policy 6. Facets of macroeconomic policymaking in open economies 7. Microeconomic foundations for stochastic general equilibrium macro models 8. Economic consequences of the COVID-19 pandemic for the developing world 9. Macroeconomic policies in the current global context Index

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Book SynopsisMotivated by both the growing economic significance of Asia in the global economy and the pivotal role played by Asia-focused research in the enrichment of the subject of development economics, the author has provided a timely and valuable review that provides a comprehensive picture of policy making and economic performance of these countries over the entire post-Second World War era.Table of ContentsContents: Volume I Acknowledgements Introduction Prema-chandra Athukorala PART I HISTORICAL PERSPECTIVE [150 pp] 1. Tetsuji Okazaki and Masahiro Okuno-Fujiwara (1999), ‘Japan’s Present-Day Economic System and Its Historical Origin’, in The Japanese Economic System and Its Historical Origins, Oxford, UK and New York, NY, USA: Oxford University Press, 1–37 [37] 2. Dwight H. Perkins (2015), ‘The Historical Foundations of East Asian Development’, in East Asian Development: Foundations and Strategies, Cambridge, Mass: Harvard University Press, 14–47 [34] 3. Louis Putterman (1992),’Dualism and Reform in China’, Economic Development and Cultural Change, 40 (3), April, 467–93 [27] 4. B.H. Farmer (1993), ‘The British Period, the Coming of Independence and Partition’, in An Introduction to South Asia: Second Edition, Chapter 3, London, UK and New York, NY, USA: Routledge, 26–46, 174–6 [24] 5. Kaushik Basu (2018), ‘A Short History of India’s Economy: A Chapter in the Asian Drama’, WIDER Working Paper 2018/124, United Nations University, World Institute for Developmental Research, i–ii, 1–26 [28] PART II DEVELOPMENT POLICY [383 pp] 6. Michael Beckley, Yusaku Horiuchi and Jennifer M. Miller (2018), ‘America’s Role in the Making of Japan’s Economic Miracle’, Journal of East Asian Studies, 18 (1), March, 1–21 [21] 7. Mushtaq H. Khan (2018), ‘Institutions and Asia’s Development: The Role of Norms and Organizational Power’, WIDER Working Paper 2018/132, United Nations University, World Institute for Developmental Research, i–ii, 1–20 [22] 8. Dwight H. Perkins (2004), ‘Corporate Governance, Industrial Policy, and Rules of Law’, in Shahid Yusuf, M. Anjun Altaf and Kaoru Nabeshima (eds), Global Change and East Asian Policy Initiatives, Washington DC: World Bank, 293–336 [44] 9. Stephan Haggard (2004), ’Institutions and Growth in East Asia’, Studies in Comparative International Development, 38 (4), Winter, 53–81 [29] 10. Gustav Ranis (1995), ‘Another Look at the East Asian Miracle’, The World Bank Economic Review, 9 (3), September, 509–34 [26] 11. Lawrence J. Lau, Yingyi Qian and Gérard Roland (2000), ‘Reform Without Losers: An Interpretation of China’s Dual-Track Approach to Transition’, Journal of Political Economy, 108 (1), February, 120–43 [24] 12. Chen Ling and Barry Naughton (2016), ‘An Institutionalized Policy-Making Mechanism: China’s Return to Techno-Industrial Policy’, Research Policy, 45 (10), December, 2138–52 [15] 13. Atul Kohli (1994), ’Where do High Growth Political Economies Come From? The Japanese Lineage of Korea’s “Developmental State”’, World Development, 22 (9), September, 1269–93 [25] 14. Ha-Joon Chang (1993), ‘The Political Economy of Industrial Policy in Korea’, Cambridge Journal of Economics, 17 (2), June, 131–57 [27] 15. James Riedel (2015), ‘Lessons for Last Comers from Vietnam’s Transition’, Journal of Southeast Asian Economies, 32 (1), 125–39 [15] 16. Ronald Findlay, Cyn-Young Park, Jean-Pierre A. Verbiest (2016), ‘Myanmar: Building Economic Foundations’, Asian-Pacific Economic Literature, 30 (1), May, 42–64 [23] 17. Sukhamoy Chakravarty (1987), ’Foundation of India’s Development Strategy: The Nehru-Mahalanobis Approach’, in (ed), Development Planning: The Indian Experience, Chapter 2, Delhi, India: Oxford University Press, 7–18 [12] 18. Arvind Panagariya (2018), ‘India: Three and a Half Years of Modinomics’, Working Paper 2018-01, Deepak and Neera Raj Center on Indian Economic Policies, New York, NY USA: Columbia University, i–ii, 1–34 [36] 19. Amartya Sen (2005), ’Democracy and Secularism in India’, in Kaushik Basu (ed.), India’s Emerging Economy: Performance and Prospects in the 1900s and Beyond, Cambridge, MA: MIT Press, 35–47 [13] 20. Jean Drèze and Reetika Khera (2017), ‘Recent Social Security Initiatives in India’, World Development, 98 (4), October, 555–72 [18] 21. Prema-chandra Athukorala and Sisira Jayasuriya (2015), ‘Victory in War and Defeat in Peace: Politics and Economics of Post-Conflict Sri Lanka’, Asian Economic Papers, 14 (3), Fall, 22–54 [33] PART III GROWTH AND STRUCTURAL CHANGE [359 pp] 22. Dirk Pilat (2002), ‘The Long-Term Performance of the Japanese Economy’, in Angus Maddison, D.S. Prasada Rao and William F. Shepherd (eds), The Asian Economies in the Twentieth Century, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing, 180–225 [46] 23. Tamim Bayoumi (2001), ‘The Morning After: Explaining the Slowdown in Japanese Growth in the 1990s’, Journal of International Economics, 53 (2), April, 241–59 [19] 24. Paul Krugman (2014), ‘Four Observations on Secular Stagnation’, in Coen Teulings and Richard Baldwin (eds), Secular Stagnation: Facts, Causes and Curves, CEPR Press, London, UK, 61–8 [8] 25. Nicholas Lardy (2015), ‘China’s Economic Reforms and Growth Prospects’, China Economic Journal, 8 (2), 95–108 [14] 26. Dwight H. Perkins (2015), ‘Understanding the Slowing Growth Rate of the People’s Republic of China’, Asian Development Review, 32 (1), March, 1–30 [30] 27. Jan Nederveen Pieterse (2015), ‘What Happened to the Miracle Eight? Looking East in the Twenty-First Century’, Canadian Journal of Development Studies / Revue canadienne d’études du développement, 36 (3), 263–82 [20] 28. Bart van Ark and Marcel P. Timmer (2002), ‘Realising Growth Potential: South Korea and Taiwan, 1960 to 1998’ in Angus Maddison, D.S. Prasada Rao and William F. Shepherd (eds), The Asian Economies in the Twentieth Century, Cheltenham UK and Northampton, MA, USA: Edward Elgar Publishing, 226–44 [19] 29. Hal Hill (2017), ’Southeast Asia in the Global Economy: A Selective Analytical Survey’, Philippine Review of Economics, LIV (2), 1–36 [36] 30. Hal Hill (2018), ‘Asia’s Third Giant: A Survey of the Indonesian Economy’, Economic Record, 94 (307), December, 469–99 [31] 31. W.G. Huff (2007), ‘Singapore’s Economic Development: Four Lessons and Some Doubts’, Oxford Development Studies, 27 (1), 33–55 [23] 32. Hal Hill and Jayant Menon (2014), ‘Cambodia: Rapid Growth in an Open, Post-conflict Economy’, World Economy, Special Issue: Global Trade Policy, 37 (12), December, 1649–68 [20] 33. Jayant Menon and Peter Warr (2013), ‘The Lao Economy: Capitalizing on Natural Resource Exports’, Asian Economic Policy Review, 8 (1), June, 70–89 [20] 34. Kaushik Basu (2009), ‘China and India: Idiosyncratic Paths to High Growth’, Economic and Political Weekly, XLIV (38), September 19th–25th, 43–49, 52–56 [12] 35. Vijay Joshi (2018), ‘India’s Search for Prosperity’, Australian Economic Review, 51 (2), June, 165–74 [10] 36. M. Niaz Asadullah, Antonio Savoia and Wahiduddin Mahmud (2014), ’Paths to Development: Is There a Bangladesh Surprise?, World Development, 62, October, 138–54 [17] 37. Kishor Sharma (2006), ‘The Political Economy of Civil War in Nepal’, World Development, 34 (7), July, 1237–53 [17] 38. Prema-chandra Athukorala (2016), ‘Sri Lanka’s Post-civil War Development Challenge: Learning From the Past’, Contemporary South Asia, 24 (1), 19–35 [17] Volume II Acknowledgements Introduction An introduction to both volumes by the editor appears in Volume 1 PART I POVERTY AND INEQUALITY [240 pp] 1. Chiaki Moriguchi and Emmanuel Saez (2008), ‘The Evolution of Income Concentration in Japan, 1886–2005: Evidence From Income Tax Statistics’, Review of Economics and Statistics, 90 (4), November, 713–34 [22] 2. Fumio Ohtake (2008), ‘Inequality in Japan’, Asian Economic Policy Review, 3 (1), May, 87–109 [23] 3. Martin Ravallion (2011), ‘A Comparative Perspective on Poverty Reduction in Brazil, China, and India’, World Bank Research Observer, 26 (1), February, 71–104 [34] 4. Pranab Bardhan (2008), ‘Economic Reforms, Poverty and Inequality in China and India’, Kaushik Basu and Ravi Kanbur (eds), Arguments For a Better World: Essays in Honor of Amartya Sen, Volume II: Society, Institutions, and Development, Chapter 18, Oxford, UK: Oxford University Press, 350–64 [15] 5. Angus Deaton and Valerie Kozel (2005), ‘Data and Dogma: The Great Indian Poverty Debate’, World Bank Research Observer, 20 (2), Fall, 177–99 [23] 6. Amit Thorat, Reeve Vanneman, Sonalde Desai and Amaresh Dubey (2017), ‘Escaping and Falling into Poverty in India Today’, World Development, 93, May, 413–26 [14] 7. John Gibson, Trinh Le and Bonggeun Kim (2017), ‘Prices, Engel Curves, and Time-Space Deflation: Impacts on Poverty and Inequality in Vietnam’, World Bank Economic Review, 31 (2), June, 504–30 [27] 8. Gustav Ranis (1978), ‘Equity with Growth in Taiwan: How ‘Special’ is the ‘Special Case?’’, World Development, 6 (3), March, 397–409 [13] 9. Pan-Long Tsai and Chao-Hsi Huang (2007), ‘Openness, Growth and Poverty: The Case of Taiwan’, World Development, 35 (11), November, 1858–71 [14] 10. Arsenio M. Balisacan and Nobuhiko Fuwa (2004), ‘Going Beyond Crosscountry Averages: Growth, Inequality and Poverty Reduction in the Philippines’, World Development, 32 (11), November, 1891–907 [17] 11. Jeffrey G. Williamson (2017),‘Philippine Inequality Across the Twentieth Century: Slim Evidence, but Fat Questions’, Philippine Review of Economics, LIV (2), 37–60 [24] 12. David Dunham and Sisira Jayasuriya (2000), ’Equity, Growth and Insurrection: Liberalization and the Welfare Debate in Contemporary Sri Lanka’, Oxford Development Studies, 28 (1), 97–110 [14] PART II FINANCIAL FACTORS IN ECONOMIC DEVELOPMENT [197 pp] 13. Charles Yuji Horioka (2018), ‘Are the Japanese Unique? Evidence from Saving and Bequest Behaviour’, Singapore Economic Review, 63 (1), 1–18 [18] 14. Charles Yuji Horioka (2010), ‘The (Dis)saving Behavior of the Aged in Japan’, Japan and the World Economy, 22 (3), August, 151–8 [8] 15. Fumio Hayashi (2006), ‘The Over-Investment Hypothesis’, in Lawrence R. Klein (ed.), Long-run Growth and Short-Run Stabilization: Essays in Memory of Albert Ando, Cheltenham, UK and Northampton, MA, USA: Edward Elgar Publishing Ltd, 275–87 [13] 16. Franco Modigliani and Shi Larry Cao (2004), ‘The Chinese Puzzle and the Life-Cycle Hypothesis’, Journal of Economic Literature, XLII (1), March, 145–70 [26] 17. Suqin Ge, Dennis Tao Yang and Junsen Zhang (2018), ‘Population Policies, Demographic Structural Changes, and the Chinese Household Saving Puzzle’, European Economic Review, 101 (1), January, 181–209 [29] 18. Chadwick C. Curtis, Steven Lugauer, and Nelson C. Mark (2017),’Demographics and Aggregate Household Saving in Japan, China, and India’, Journal of Macroeconomics, 51, March, 175–91 [17] 19. Ayşe İmrohoroğlu and Kai Zhao (2018),’The Chinese Saving Rate: Long-Term Care Risks, Family Insurance, and Demographics’, Journal of Monetary Economics, 96, June, 33–52 [20] 20. Daekeun Park and Changyong Rhee (2005), ‘Saving, Growth, and Demographic Change in Korea’, Journal of the Japanese and International Economies, 19 (3), September, 394–413 [20] 21. Angus Deaton and Christina Paxson (2000), ‘Growth, Demographic Structure, and National Saving in Taiwan’, Population and Development Review, Supplement: Population and Economic Change in East Asia, 26, March, 141–73 [33] 22. Prema-chandra Athukorala and Kunal Sen (2004), ‘The Determinants of Private Saving in India’, World Development, 32 (3), 491–503 [13] PART III DEMOGRAPHY AND HUMAN RESOURCE [246 pp] 23. Theodore R. Breton (2015), ‘Human Capital and Growth in Japan: Converging to the Steady State in a 1% World’, Journal of the Japanese and International Economies, 36, June, 73–89 [17] 24. Ichiro Muto, Takemasa Oda and Nao Sudo (2016), ‘Macroeconomic Impact of Population Aging in Japan: A Perspective from an Overlapping Generations Model’, IMF Economic Review, 64 (3), August, 408–42 [35] 25. Charles Yuji Horioka, Wataru Suzuki and Tatsuo Hatta (2007), ‘Aging, Savings, and Public Pensions in Japan’, Asian Economic Policy Review, 2 (2), December, 303–19 [17] 26. Xin Meng (2012), ‘Labor Market Outcomes and Reforms in China’, Journal of Economic Perspectives, 26 (4), Fall, 75–101 [27] 27. Prema-chandra Athukorala and Zheng Wei (2018), ‘Economic Transition and Labour Market Dynamics in China: An Interpretative Survey of the ‘Turning Point’ Debate’, Journal of Economic Surveys, 32 (2), April, 420–39 [20] 28. Ross Garnaut (2010), ‘Macro-economic Implications of the Turning Point’, China Economics Journal, 3 (2), 181–90 [10] 29. David E. Bloom and Jeffrey G. Williamson (1998), ’Demographic Transitions and Economic Miracles in Emerging Asia’, World Bank Economic Review, 12 (3), September, 419–55 [37] 30. Yih-Chyi Chuang (1999), ‘The Role of Human Capital in Economic Development: Evidence From Taiwan’, Asian Economic Journal, 13 (2), June, 117–44 [28] 31. T.N. Srinivasan (2010), ‘Employment and India’s Development and Reforms’, Journal of Comparative Economics, 38 (1), March, 82–106 [25] 32. Günseli Berik and Yana Van Der Meulen Rodgers (2010), ‘Options for Enforcing Labour Standards: Lessons from Bangladesh and Cambodia’, Journal of International Development, 22 (1), January, 56–85 [30] PART IV INTERNATIONAL DIMENSIONS: FOREING TRADE AND INVESTMENT [198 pp] 33. Prema-chandra Athukorala and Hal Hill (2010), ’Asian Trade and Investment: Patterns and Trends’, in Prema-chandra Athukorala (ed), The Rise of Asia: Trade and Investment in Global Perspective, London, UK and New York, NY, USA: Routledge, 11–57 [47] 34. Ralph Paprzycki and Kyoji Fukao (2008), ’Japan’s Economic Growth and Foreign Direct Investment’, in Foreign Direct Investment in Japan: Multinationals’ Role in Growth and Globalization, Cambridge, UK: Cambridge University Press, 84–110 [27] 35. Barry Eichengreen and Hui Tong (2006), ‘Fear of China’, Journal of Asian Economics, 17 (2), April, 226–40 [15] 36. Shahid Yusuf, Kaoru Nabeshima and Dwight H. Perkins (2007), ‘China and India Reshape Industrial Geography’, L. Alan Winters and Shahid Yusuf (eds), Dancing with Giants: China, India, and the Global Economy, Washington DC, USA: World Bank, 35–66 [32] 37. Petia Topalova and Amit Khandelwal (2011), ‘Trade Liberalization and Firm Productivity: The Case of India’, Review of Economics and Statistics, 93 (3), August, 995–1009 [15] 38. Prema-chandra Athukorala and Archanan Kohpaiboon (2014), ’Global Production Sharing, Trade Patterns and Industrialization in Southeast Asia’, in Ian Coxhead (ed.), Routledge Handbook of Southeast Asian Economies, London, UK: Routledge, 139–61 [23] 39. Prema-chandra Athukorala and Tran Quang Tien (2012), ’Foreign Direct Investment in Industrial Transition: The Experience of Vietnam’, Journal of the Asia Pacific Economy, 17 (3), 446–63 [18] 40. Prema-chandra Athukorala (2019), ’Joining Global Production Networks: Experience and Prospects of India’, Asian Economic Policy Review, 14 (1), January, 123–43 [21]

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Book SynopsisHas the COVID-19 pandemic derailed the global community’s commitment to achieving the UN Sustainable Development Goals by 2030? Are we heading for environmental collapse? Can we avert a climate catastrophe and enable peace, justice, and shared futures for humanity? These questions call for transformational change. This book explores the root causes of today’s failures and lays out a plan for real-world innovation labs using a SMART future design paradigm to achieve the UN’s 17 sustainability goals and 169 targets. SMART futures is a ‘systems literacy’ approach to problem solving that allows us to address challenges of our VUCA (Volatile, Uncertain, Complex and Ambiguous) world as an integrated whole. This new paradigm shifts us from silo thinking to systems thinking. With lively storytelling and thought-provoking analysis, Dr. Claire Nelson opens a doorway to the future, and a vision of what success might look like. Her stories from the future present worldviews of the feminine and from the global South, which are often absent from contemporary global futures discourse.

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Book SynopsisTourism in European Microstates and Dependencies carefully examines the nuances and realities associated with tourism, social and economic development, geography, and geopolitics of Europe's smallest microstates and dependencies. Through case study-based material, the book covers the smallest states of Europe, the European dependencies inside Europe, and other unique territorial anomalies and unrecognized de facto states. It looks at how, besides small size and economy of scale, one of the characteristics that connects these unique states and territories is their dependence on tourism, or their desire to develop it, for their socio-economic well-being. This book provides a thorough overview of tourism-related challenges and opportunities associated with smallness/scale, limited population size, economic development, cross-border cooperation (dependency) with larger neighbour states, relationships with the European Union, geopolitical challenges, questions of sovereignty, vulnerability, and touristic importance on the world stage. It provides a comprehensive examination of the smallest states and state-like entities in Europe. It examines the social, economic, and political importance of tourism in some of the smallest countries and territories in the world. It is the first book of its kind to look systematically at small, yet extremely important, areas of Europe from tourism, socio-economic, and geopolitical perspectives. Coverage includes Andorra, Liechtenstein, Monaco, San Marino, the Vatican City, Åland, Akrotiri and Dhekelia, the Faroe Islands, Gibraltar, Guernsey, Isle of Man, Jersey, Svalbard, Llívia, Campione d'Italia, Transnistria, Abkhazia, and South Ossetia, as well as several other enclaves, autonomous areas, and unrecognized 'micro-nations'. This book will be an invaluable resource for post-graduate students and research scholars in the areas of tourism, geography, political science, and European studies.Table of ContentsChapter 1: Europe’s Smallest States and Anomalous Geographical Areas Chapter 2: Transfrontier Relationships in Europe Chapter 3: The Pyrenean Co-Principality of Andorra Chapter 4: Europe’s Alpine Mini-State: The Principality of Liechtenstein Chapter 5: Large Luxury and Tiny Grandeur: The Principality of Monaco Chapter 6: More than Just a Mountain: The Republic of San Marino Chapter 7: Vatican City: The Smallest Country on Earth but Probably the Most Visited Chapter 8: Europe’s Autonomous Regions, Dependencies and Overseas Territories Chapter 9: International Exclaves and Extraterritorial Places Chapter 10: Unrecognized Polities: The de Facto States and Micronations of Europe Chapter 11: Vulnerability, Dependency and Touristic Appeal: The Costs and Benefits of Smallness and Marginality Chapter 12: Perspectives on Tourism and Small Polities in Europe

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Book SynopsisThe Ganges-Brahmaputra-Meghna delta has newly emerged 'char' islands, resulting from the deposition of sediment, which are very vulnerable, socially, institutionally and environmentally. This book explains how the governments of Bangladesh and the Netherlands and the International Fund for Agricultural Development cooperated on a land-based rural development project to give settlers security and purpose. It details how they engaged communities and civil societies, and implemented an infrastructure aimed at reducing flooding, improving drainage, and providing adequate drinking water and sanitation. The book describes the project's application to crop and animal agriculture, and the development of value chains and encouragement of female participation. It considers the financial underpinning and infrastructure, as well as how to ensure the impacts of the scheme are enduring. The scheme serves as a model for support projects to vulnerable groups faced with climate change and other environmental challenges. This book is suitable for students, researchers, specialists and practitioners in rural development, water resources, land management and soil science.Table of Contents1: THE COASTAL CHARS OF BANGLADESH 2: THE BIRTH OF CDSP IV 3: MANAGING CHAR DEVELOPMENT AND SETTLEMENT: A COMPLEX PROCESS 4: INVOLVING THE COMMUNITIES AND CIVIL SOCIETY 5: ROLE OF WOMEN IN DEVELOPMENT 6: DEVELOPING THE INFRASTRUCTURE 7: THE LAND SETTLEMENT PROCESS 8: THE POWER OF AGRICULTURE 9: MONEY MATTERS – SAVINGS AND LOANS 10: ENVIRONMENTAL IMPROVEMENT WITH TREES 11: INCOME AND QUALITY OF LIFE 12: OUR PRIDE 13: WHEN THE PROJECT LEAVES

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Book SynopsisIn a multi-level government system institutional legacy and the assignment of roles and responsibilities between the federal and the subnational governments create imbalances. These imbalances in economic terms are a result of a mismatch between revenue-raising capacity and the spending responsibilities of the different levels of the government. Intergovernmental Transfers in Federations presents a synthesis of recent international experience of large federations in addressing the most fundamental issues of horizontal and vertical imbalances through the prism of intergovernmental transfers. It compares mature federal systems and the maturing federations of the world. Contributors delve into the various aspects of policymaking as well as policy choices in selecting an efficiency path for a meaningful fiscal devolution aimed at integrating performance and incentives to reach an expenditure mix that facilitates better service delivery. Chapters include empirical, theoretical and methodological contributions as well as case studies that illustrate important policy or methodological lessons for future work. This collection is essential reading for researchers, practitioners, policy makers and students wishing to understand the choices made by different countries in response to the overarching principles of needs, equity and efficiency for sharing of resources.Trade Review'Scholars and practitioners alike will find this comprehensive volume invaluable. The analytical framework and the accompanying country case studies provide constructive insights and lessons on how to successfully design and implement intergovernmental transfers within federal countries. Definitely a book that will help shape future central-local fiscal systems.' --Roy Kelly, Duke University, US'This excellent volume brings together most of the world's leading experts on intergovernmental fiscal relations. They provide important contributions to both the conceptual and practical literature on the design of intergovernmental transfers. Building on three insightful discussions of the principles of effective transfer design, the volume contains a dozen in-depth descriptions and critical analyses of grant systems in mature federations, evolving federations, and multi-level unitary governments. Policymakers, scholars, and students will all profit from the lessons about the design of intergovernmental transfers provided in this timely volume.' --Andrew Reschovsky, University of Wisconsin-Madison, US'When it comes to designing intergovernmental transfers in a federation, there is no one model that stands above the rest. This book clearly illustrates this point with case studies from ten mature and maturing federations, written by leading scholars. Even though transfers differ across countries, there are important lessons to be learned from these case studies. For policymakers, researchers, and practitioners interested in understanding the theoretical considerations in designing transfers, what works and what does not work, and how to design a better system, this book is essential reading.' --Enid Slack, University of Toronto, CanadaTable of ContentsContents: Foreword by Richard Bird xiii 1 Introduction to the volume 1 Serdar Yilmaz and Farah Zahir PART I CONCEPTUAL ISSUES 2 The architecture of intergovernmental transfers: principles and practice in low- and middle-income countries 7 Roy W. Bahl Jr 3 Issues in intergovernmental fiscal transfers: public finance and political economy considerations 21 Serdar Yilmaz and Farah Zahir 4 The practice of fiscal equalization: a political economy clarification 41 Bernard Dafflon and François Vaillancourt PART II INTERGOVERNMENTAL TRANSFERS IN MATURE FEDERATIONS 5 The German model of addressing vertical and horizontal fiscal imbalances 64 Paul B. Spahn 6 The United States grant system 86 Howard A. Chernick 7 Federal finance arrangements in Canada: the challenges of fiscal imbalance and natural resource rents 109 Marcelin Joanis and Fran.ois Vaillancourt 8 Revenue and expenditure needs equalization: the Swiss answer 134 Bernard Dafflon 9 Intergovernmental fiscal relations in Australia 163 Bob Searle 10 The economic impacts of horizontal fiscal equalization as practised in Australia 185 Jonathan Coppel PART III INTERGOVERNMENTAL TRANSFERS IN EVOLVING FEDERATIONS 11 Intergovernmental fiscal transfers and performance grants in Brazil 204 Deborah L. Wetzel and Lorena Viñuela 12 Intergovernmental fiscal transfer system in Argentina: historical evolution, current performance and reform options to promote efficiency, equity and transparency 224 Marco Larizza and Julian Folgar 13 Evolving role of the Finance Commissions in India in the last 25 years 248 Farah Zahir 14 Emerging trends in fiscal transfer systems in selected federations: implications for India 275 Jorge Martinez-Vazquez PART IV INTERGOVERNMENTAL TRANSFERS IN UNITARY FEDERATIONS 15 Intergovernmental fiscal transfers in Kenya: the evolution of revenue sharing under new devolution in a quasi-federal system 296 Jamie Boex and Paul Smoke 16 Reforming vertical programmes: the case of South African local government 323 David Savage Index 345

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Book SynopsisElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. This insightful Advanced Introduction provides an in-depth review of current U.S. technology policy, tracing the legislative history of policies such as the Economic Recovery Tax Act, the Small Business Innovation Development Act and the National Cooperative Research Act. The critical elements of the ecosystem in which technology policy exists are also discussed, with a particular focus on U.S. patent policy and U.S. investments in infrastructure technology. Key features include: Historical trace of U.S. technology policy ideas over the past 75 years Comparison of U.S. technology policies to those in other nations Agenda for future thinking about U.S. technology policy Integrated discussion of U.S. technology policy Economic rationale for U.S. technology policy This Advanced Introduction will be invaluable for international business leaders and policymakers, in addition to scholars in economics, public administration, business and public policy.Trade Review'Al Link and James Cunningham start their book by noting Vannevar Bush’s famed Science - The Endless Frontier. It is now the 75th anniversary of that work and we are overdue for a fresh look at the technology policy system Bush helped establish. Their work traces the institutional context for American technology policy and the core laws and policies that have evolved it, applying a clear grasp of the private sector's development role. Their book is a rich and thoughtful exploration, and a ''must read'' for all those interested in technology policy.' -- William Bonvillian, Massachusetts Institute of Technology, US'Albert N. Link and James Cunningham provide a fresh perspective on the role of government in the now massive U.S. science and technology enterprise with their new book, Advanced Introduction to Technology Policy. The book is a comprehensive introduction to the scale and scope of U.S. technology policy today and well worth adding to the bookshelves of advanced students and practitioners alike. The authors carefully recap the changes in the relationship between government and technology development since the Cold War era, chronicle the forces shaping the technology policy landscape, and explore the five prominent policy options they consider to be the foundation for U.S. technology policy today. Concluding with a roadmap of the current maze of technology policy mechanisms, they identify what they view as two missing elements in today’s toolbox for enhancing the nation’s innovation engine.' -- Peter Blair, George Mason University, USTable of ContentsContents: Preface 1. Context PART I POLICIES TO INCREASE PRIVATE-SECTOR R&D 2. Research tax credits 3. Research subsidies 4. Collaborative research incentives PART II POLICIES TO LEVERAGE PRIVATE-SECTOR R&D 5. Incentivizing patenting activity in the academic sector 6. Incentivizing patenting activity in the public sector PART III RECONCILING POLICY INITIATIVES 7. U.S. technology policy 8. Concluding remarks References Index

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Book SynopsisElgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world’s leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. This insightful Advanced Introduction provides an in-depth review of current U.S. technology policy, tracing the legislative history of policies such as the Economic Recovery Tax Act, the Small Business Innovation Development Act and the National Cooperative Research Act. The critical elements of the ecosystem in which technology policy exists are also discussed, with a particular focus on U.S. patent policy and U.S. investments in infrastructure technology. Key features include: Historical trace of U.S. technology policy ideas over the past 75 years Comparison of U.S. technology policies to those in other nations Agenda for future thinking about U.S. technology policy Integrated discussion of U.S. technology policy Economic rationale for U.S. technology policy This Advanced Introduction will be invaluable for international business leaders and policymakers, in addition to scholars in economics, public administration, business and public policy.Trade Review'Al Link and James Cunningham start their book by noting Vannevar Bush’s famed Science - The Endless Frontier. It is now the 75th anniversary of that work and we are overdue for a fresh look at the technology policy system Bush helped establish. Their work traces the institutional context for American technology policy and the core laws and policies that have evolved it, applying a clear grasp of the private sector's development role. Their book is a rich and thoughtful exploration, and a ''must read'' for all those interested in technology policy.' -- William Bonvillian, Massachusetts Institute of Technology, US'Albert N. Link and James Cunningham provide a fresh perspective on the role of government in the now massive U.S. science and technology enterprise with their new book, Advanced Introduction to Technology Policy. The book is a comprehensive introduction to the scale and scope of U.S. technology policy today and well worth adding to the bookshelves of advanced students and practitioners alike. The authors carefully recap the changes in the relationship between government and technology development since the Cold War era, chronicle the forces shaping the technology policy landscape, and explore the five prominent policy options they consider to be the foundation for U.S. technology policy today. Concluding with a roadmap of the current maze of technology policy mechanisms, they identify what they view as two missing elements in today’s toolbox for enhancing the nation’s innovation engine.' -- Peter Blair, George Mason University, USTable of ContentsContents: Preface 1. Context PART I POLICIES TO INCREASE PRIVATE-SECTOR R&D 2. Research tax credits 3. Research subsidies 4. Collaborative research incentives PART II POLICIES TO LEVERAGE PRIVATE-SECTOR R&D 5. Incentivizing patenting activity in the academic sector 6. Incentivizing patenting activity in the public sector PART III RECONCILING POLICY INITIATIVES 7. U.S. technology policy 8. Concluding remarks References Index

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Book SynopsisThe new millennium has witnessed profound changes to the way donor countries are approaching international development - with the emphasis now on collaborative, people-centred development. This timely book explores how research and research culture need to adapt to mesh with this new reality. John Spriggs, Barbara Chambers and Carole Kayrooz offer their unique perspective based on their experience working in agricultural and rural development in the Indo-Pacific region. They provide a unique take on the historical context of research to support agricultural and rural development tracing its evolution following World War 2. Advocating for the critical role of social science, the authors argue that the old, technocratic approach to research should be left behind as we explore and advance a new approach to research that reflects a collaborative, people-centred development strategy. This cutting-edge book provides a step-by-step approach, based on their Collaborative Research in International Development (CRID) research model. Pioneering the most up-to-date approaches to international development research, Towards Collaborative Research in International Development is crucial reading for researchers at all levels working in the field, particularly those working in national research bodies. Postgraduate students of development studies will also benefit from this book's critical insights and guidance for research methods. Trade Review'A great contribution to the field of collaborative research in international development. Not only do the authors provide excellent academic rigour and insights into the processes under study - they have personally lived the application of this in their research-for-development projects. As someone from the biophysical sciences, I can certainly testify to the effectiveness of these methods in international development projects that I have led. The authors have lived and tested this approach and I would wholeheartedly endorse their work to you.' --Suzie Newman, Head of International Development, the New Zealand Institute for Plant and Food Research Limited'For more than 40 years, small numbers of researchers have been trying to change how they collaborate with farmers to make their work more responsive to farmers' needs and local conditions. This book pulls this experience together to develop an approach with broad and strong foundations that works. Now it needs to be used by many if we have a chance of tackling the increasingly complex issues facing farmers and those to which they link.' --Boru Douthwaite, Selkie Consulting Ltd, IrelandTable of ContentsContents: 1. Introduction to collaborative research in international development 2. Historical context for collaboration in development-oriented research 3. Emerging challenges for agricultural and rural research organizations 4. Changing the research culture to support a collaborative, people-centred development strategy 5. Towards collaborative, people-centred research 6. Foundations of a research model for collaborative, people-centred development 7. Collaborative, people-centred research in international development Bibliography Index

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Book SynopsisThis timely Handbook collates a range of evidence from top scholars in the field to help readers understand who microfinance reaches, how it helps, and why clients come back. It offers updated views on important concepts that enable a broader framework for understanding poverty and the corresponding financial needs of poor households.Chapters cover recent findings on social impacts, the role of gender, fairness of interest rates, financial resilience in emergencies, and financial education, to provide a thorough coverage of key areas of the field. The Handbook focuses on delivery mechanisms for financial services including group liability lending, agent banking, and digital finance, as well as the special role of value chain finance and insurance for smallholder agriculture.The case studies from both developed and developing countries and regions, illustrating the novel aspects of the link between microfinance, financial inclusion and development will make this a critical read for economics and development studies scholars. The practitioner views on the role of microfinance included in the Handbook will also make this a relevant and useful read for policy makers and practitioners in the areaTrade Review‘This is an outstanding collection of contributions from some of the most highly-respected researchers in the field of microfinance. It provides an excellent overview of the evidence on the success and limitations of microfinance and addresses important topics such as gender and finance, digital finance, and financial literacy. A must-read for anyone interested in microfinance.’ -- Niels Hermes, University of Groningen, the Netherlands‘An impressive collection of articles on many important aspects of microfinance; written by experts in the field and providing a unique and comprehensive overview of where microfinance stands in the 2020s.’ -- Thorsten Beck, European University Institute, ItalyTable of ContentsContents: PART I INTRODUCTION 1 Overview of microfinance, financial inclusion, and development 2 Robert Cull and Valentina Hartarska PART II CONCEPTUAL FRAMEWORKS FOR MICROFINANCE, FINANCIAL INCLUSION, AND DEVELOPMENT 2 Rethinking poverty, household finance, and microfinance 21 Jonathan Morduch 3 Assessment of microfinance institutions and their impact: evidence from a scientometric study 41 Begoña Gutiérrez-Nieto and Carlos Serrano-Cinca 4 Financial inclusion and gender 66 Isabelle Guérin 5 Toward a theory of fair interest rates on microcredit: balancing the needs of clients and institutions 83 Marek Hudon and Joakim Sandberg 6 Resilience in emergencies, savings, and credit 99 Saniya Ansar, Jake Hess, and Leora Klapper 7 When is financial education successful? Taking stock of the new wave of field evidence 119 Bilal Zia PART III DELIVERING FINANCIAL SERVICES TO CLIENTS 8 Group lending in theory and practice 135 Christian Ahlin and Godwin Debrah 9 Alternative delivery channels and impacts: agent banking 150 Sinja Buri, Robert Cull, and Xavier Giné 10 Digital financial inclusion and development 164 Greta Bull and Leora Klapper 11 Building inclusive value chains for smallholders: the role of finance 181 Alan de Brauw and Johan Swinnen 12 Index insurance for developing countries: a primer 194 Mario J. Miranda and Denis Nadolnyak PART IV VIEW FROM PRACTITIONERS AND FUNDERS 13 Measuring the evolution of client vulnerability: innovation at the BBVA Microfinance Foundation 212 Claudio Gonzalez-Vega, Laura Mo, and Giovanni di Placido 14 An investor’s perspective on measuring and managing social performance and impact 248 Gregor Dorfleitner, Dina Pons, and Noémie Renier PART V EVIDENCE FROM REGIONS AND COUNTRIES 15 Financial inclusion in high-income countries: gender gap or poverty trap? 272 Anastasia Cozarenco and Ariane Szafarz 16 Financial literacy and the use of financial services by US households 297 James R. Barth, Valentina Hartarska, Jitka Hilliard, and Nguyen Nguyen 17 Financial inclusion, microfinance, and financial education in Latin America 316 Alejandro Javier Micco Aguayo and Patricio Andrés Valenzuela Aros 18 Gender and financial inclusion in Latin America and the Caribbean 339 Victor Motta 19 Inclusive finance and agricultural development in Africa 357 Calum G. Turvey and Apurba Shee 20 Evaluating digital financial inclusion: a Kenyan perspective on morality and finance 383 Susan Johnson and Silvia Storchi 21 Inclusive finance and inclusive rural transformation in China 402 Calum G. Turvey 22 Does microfinance cause banking sector development and economic growth? An application to Mongolia 425 Batkhuyag Myagmar, Robert Lensink, and Wim Heijman 23 Financial inclusion and poverty: evidence from Armenia 449 Aleksandr Grigoryan, Knar Khachatryan, Knarik Ayvazyan, and Pundarik Mukhopadhaya Index 467

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Book SynopsisThis timely book documents and analyses the seriousness of growing national inequality in different regions around the world. It argues that the treatment of inequality in the Sustainable Development Goals (SDGs) is wholly insufficient due to their failure to recognise the growing difference between the income of work and the income of capital and the super rich, and the strain this places on a country's social fabric. Sustainable Development Goals and Income Inequality provides a critical view on how inequality is dealt with in the process of setting global goals. It reviews the development of inequality globally and the various processes leading up to formulation of the SDGs. With chapters from top researchers on inequality and development economics it provides a strong and unique intellectual basis for a more prominent treatment of inequality in the follow up process to the SDGs. Combining a global perspective and in-depth regional analysis, this book will be of interest to students and academics in sustainable development, social policy and development economics.Contributors include: T. Addison, A. Cornia, P. Edward, R. Jolly, M. Luebker, D. Nayyar, A. Sumner, P.A.G. van Bergeijk, R. van der Hoeven, J. Vandemoortele, R. VosTrade Review'The Sustainable Development Goals of the United Nations have set the most ambitious development agenda in history. For the first time, income inequality was included as a specific goal, and one that is essential to stem one of the worst trends that the world has been experiencing in recent decades. Ambitious political efforts will be needed to reverse this trend because without equality the inclusive and transformative development that the SDGs have set cannot be achieved. Providing accessible analysis and evidence-based policy advice, Sustainable Development Goals and Income Inequality is a must read for development researchers and practitioners, politicians and concerned citizens alike.' --Jose Antonio Ocampo, Member of the Central Bank Board of Colombia, former UN Under-Secretary-General for Economic and Social Affairs'Sustainable Development Goals and Income Inequality is a timely book. It discusses causes and consequences of the unprecedented rise of income inequality, and especially functional income inequality, over the last twenty years in developing countries. It demonstrates that the Sustainable Development Goals adopted in 2015, though acknowledging the inequality problem, provide only weak recommendations to stem this growing inequality. In this easily accessible book, well-known scholars thoroughly analyse and discuss policy alternatives for a more equal and transformative development process and portray what citizens and governments can do to achieve that.' --Thandika Mkandawire, London School of Economics, former Director, United Nations Research Institute for Social Development (UNRISD)'This book puts the post-2015 sustainable development agenda in thought-provoking perspective. The two editors and an expert group of leading thinkers and practitioners in the field of economic development take the reader on a most stimulating voyage into the realm of the MDGs and the SDGs. They pointedly ask whether the SDGs have the potential to address the thorny issues of inclusiveness in implementation, manageability, appropriate measurement and financial planning. The book departs from the need for transformative development and zooms in on the vast challenge of income inequality. A timely and much-needed contribution.' --Finn Tarp, Director, UNU-WIDERTable of ContentsContents: 1. The challenge to reduce income inequality (introduction and overview) Peter A.G. van Bergeijk and Rolph van der Hoeven 2. Broadening the development agenda for the SDG world Richard Jolly 3. From MDGs to SDGs: critical reflections on global targets and their measurement Jan Vandemoortele 4. From billions to trillions: towards reform of development finance and the global reserve system Rob Vos 5. Global inequality and global poverty since the Cold War: how robust is the optimistic narrative? Peter Edward and Andy Sumner 6. Is Latin America’s recent inequality decline permanent or temporary? Giovanni Andrea Cornia 7. Thirty years in Africa’s development: from structural adjustment to structural transformation? Tony Addison 8. Poverty, employment and inequality in the SDGs: heterodox discourse, orthodox policies? Malte Luebker 9. Can catch up reduce inequality? Deepak Nayyar 10. Can the SDGs stem rising income inequality in the world? Rolph van der Hoeven Index

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Book SynopsisCritically reviewing major factors that disrupt local and regional development, Mustafa Dinc provides a transparent interpretation of the circular and cumulative relationship between these disruptions and development, highlighting ways to help interrupt this cycle. The book emphasizes the role and responsibility of individuals in the development process by exploring a humanist approach to local and regional development.Chapters analyse the impacts of information and technological revolutions, globalization, conflict and migration, the depletion of natural resources and environmental degradation, and the deterioration of traditional human values on local and regional development. Moving away from macro-perspectives, this timely book looks at how technology, competition and economic integration over the past few decades have created undeniable social, political, economic and environmental problems for every country, exploring how these may harm the political and social fabric of society to an irreparable point, unless effective action is taken.Written in an accessible style, this is an important read for development studies scholars, as well as economics and sociology scholars focusing on development. It will also benefit local and regional policy-makers needing a more in-depth understanding of the issues facing development in our modern world.Trade Review'This is a very different approach to regional economic development. Although it relies on some well known fundamental principles, it is a completely new and fresh perspective. Given the underlying changes in the new global economic system and the consequences for the restructuring of human activity and redistribution, this volume should be read by all students and professionals in the field.' -- Kingsley E. Haynes, George Mason University, USTable of ContentsContents: Preface 1. Introduction 2. Development 3. Sustainability and development 4. Technological revolutions and development 5. Conflict and development 6. Disruptions in local and regional development and the way forward for a more humanitarian world References Index

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Book SynopsisThis Handbook provides readers with an expert overview of the key theoretical approaches to governance and development, covering a broad range of policy areas and domains. Utilising a critical approach to assess issues from a multidisciplinary perspective, the contributions in this Handbook review different social contexts and policy areas, governance arrangements, and processes relating to issues of development. Chapters illustrate at global, regional and national levels how the specific forms of governance impact development and how ongoing trends of development can influence governance concerns. Further insights are also offered regarding the functioning of the state and the transformation of the role of the state in modern society, illustrating the place for governance in future development policies. Researchers in governance and development will find this comprehensive Handbook an excellent resource for their area of specialisation, and scholars in governance, political science, social sciences and economics will be provided with a useful entry point into the literature. Practitioners will also welcome this as an informative read for updating their knowledge and accessing the latest research findings.Trade Review‘Governance has been a leading concept in academic and policy research on politics and development for a quarter century. This Handbook is a befitting marker of its evolution during this period. The editors bring together an impressive range of scholars from across the world to discuss the multiple contexts in which governance has been applied to highlight the ways societies are managed through the interaction between citizens and their public authorities. Specific issues include how governance relates to policymaking, human rights, state formation, and international development cooperation. The book is an invaluable source for researchers, teachers, and students of the complex relations between politics and development.’ -- Göran Hydén, University of Florida, US‘Governance is a perennial concern, development a “wicked problem”. This Handbook is a valuable collection that explores and exposes the intricacies and interconnecting dynamics of governance and development to provide a nuanced and detailed understanding for students and scholars alike. The Handbook brings together many of the most acclaimed international scholars – genuinely from all corners of the world – to give critical insight into some of the world’s most pressing problems and how states attempt to contain and govern them.’ -- Diane Stone, European University Institute, ItalyTable of ContentsContents: Preface xiii 1 Introduction to the Handbook on Governance and Development 1 Wil Hout and Jane Hutchison PART I THEORIZING GOVERNANCE AND DEVELOPMENT 2 Liberal approaches to governance and development 14 David Williams 3 New institutionalist approaches to governance: contesting complementarities 28 Karim Knio 4 Decoloniality, governance and development 45 Rosalba Icaza PART II GOVERNANCE, THE STATE AND STATE TRANSFORMATION 5 Globalization, state transformation and global governance 64 Shahar Hameiri and Lee Jones 6 Political systems: the rise and fall of democracies and dictatorships 78 Renske Doorenspleet 7 The renaissance of the developmental state in the age of post-neoliberalism 97 Jewellord Nem Singh 8 The regulatory state under pressure 115 Bronwen Morgan 9 Marketization as governance and development 130 Toby Carroll and Darryl S.L. Jarvis 10 Neopatrimonialism: a critical assessment 145 Christian von Soest 11 The rule of law, governance and development 160 Nandini Ramanujam and Francesca Farrington 12 Governance and state fragility: a comparative analysis of Sub-Saharan African countries 179 Paulos C. Tsegaw 13 Corruption and anticorruption: Uganda and South Africa as positive outliers in governance reforms? 196 Heather Marquette and Caryn Peiffer PART III GOVERNANCE, SOCIETY AND POLICY 14 Sustainable development, climate change and planetary justice: governance challenges 212 Joyeeta Gupta and Klaudia Prodani 15 Poverty, inequality and governance: a global perspective 230 Augustin Kwasi Fosu and Dede Woade Gafa 16 Civil society, governance and development 249 Kees Biekart 17 Governance for sustainable development: a human rights perspective 265 Karin Arts and Daphina Misiedjan 18 Gender and feminist transformative development 279 Jane Hutchison and Lian Sinclair 19 Governance of extractive industries 294 Pascale Hatcher and Etienne Roy Grégoire 20 Peacebuilding, governance and development 308 Caroline Hughes PART IV DEVELOPMENT ACTORS AND GOVERNANCE REFORM 21 Development cooperation policies and governance 323 Wil Hout and Nadia Molenaers 22 UNDP and the democratic governance agenda 340 Shabbir Cheema 23 Emerging powers, governance and development 356 Marin Ferry and Haley J. Swedlund Index

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Book Synopsis'The Research Handbook of Finance and Sustainability is highly recommended to faculty and students of graduate business schools and researchers. It is recommended for purchase by academic libraries supporting advanced degrees in business administration.' - American Reference Books Annual Sustainability is now an essential objective for all organizations, enabling them to resist adverse shocks and thrive in a disruptive world. This Research Handbook provides expert coverage and practical tips on a wide array of pertinent issues related to current finance and sustainability research. Comprising 31 chapters written by over 60 eminent experts, this Research Handbook provides readers with the latest ideas and propositions regarding finance and sustainability. This includes the significance of corporate social responsibility, environmental and entrepreneurial finance, crowdsourcing, governance and fraud. Despite ethical business practices and corporate social responsibility rules being adopted in various countries, the contributors demonstrate that further efforts are needed to motivate and empower actors to integrate ethical behavior into all business and managerial decisions. Multidisciplinary in reach, this comprehensive Research Handbook features forward-thinking academic and professional literature on corporate social responsibility, sustainability and finance for post-graduate students, researchers and practitioners to explore the forthcoming paths for research. Contributors: D. AL-Ghamdi, Y. Alperovych, S. Bajic, W. Ben-Amar, R. Bianchini, B. Bolton, S. Boubaker, H. Byström, R. Calcagno, D. Coldwell, J. Creedy, D. Cumming, P. Desrochers, A. Florio, S. Gatti, P. Geiler, G. Gianfrate, G. Gokcek, J. Hazelton, H. Hoang, S. Kim, D. Lee, Z. (Frank) Li, H. Liang, C. López-Gutiérrez, K. Maas, S. Marsat, P. McIlkenny, K. Mhedhbi, I. Moosa, A. Ng, D.K. Nguyen, H. Nguyen Anh Pham, C. Niehaus, T.M. Nisar, M. Nurul Houqe, M. Pagano, P. Perego, S. Perkiss, G. Pijourlet, S. Pope, G. Prabhakar, E. Queinnec, V. Ramiah, A. Rebérioux, L. Renneboog, Z. Rezaee, G. Roudaut, S. Ryu, I. Sainz-Fernandez, M. Scarlata, C. Schellhorn, G. Sinclair, J.A.F. Stoner, L. Strakova, B. Torre-Olmo, T. van Zijl, E. Velayutham, J. Walske, F.M. Werner, B. Williams, T. Yang, B.B. Yurtoglu, A. Zacharakis, Z. Zuraida Trade Review'The Research Handbook of Finance and Sustainability, edited by Sabri Boubaker, Douglas Cumming and Duc Khuong Nguyen, all prominent members of the field of finance, gathers contributions from many well accomplished authors of finance worldwide. This book provides a superb panorama on the recent developments in the finance literature. In particular, it adventures into and explores topics on corporate social responsibility, the connection between environmental and entrepreneurial finance, how sustainable finance is linked to governance and the relationship between sustainability, fraud and agency problems. This book is a must-read for the finance profession.' --Balázs Égert, OECD, Paris, France'The Handbook is organized into four excellent sections that examine corporate social responsibility, environmental and entrepreneurial finance, governance and sustainable finance, and fraud, governance and agency problems. I would encourage anyone with an interest in these topics to read this book.' --William L. Megginson, The University of Oklahoma, US'We seem to be living in particularly turbulent times. Environmental issues, sustainability, corporate social responsibility and corporate fraud raise major challenges for economic stability at the macro level and for governance and financial investors at the firm level. These challenges are worldwide and relate to the huge variety of firms from the largest corporations to micro-enterprises. Sabri Boubaker, Douglas Cumming, and Duc Khuong Nguyen have put together a timely and highly insightful collection that provides an excellent resource for researchers, policymakers and even the informed general reader on these important topics.' --Mike Wright, Imperial College London, UKTable of ContentsContents PART I Corporate Social Responsibility 1. The Horn that Didn’t Toot: The Surprisingly Weak Relationship from Advertising to CSR Shawn Pope 2. CSR, Market Value, and Profitability: International Evidence Stevan Bajic and B. Burcin Yurtoglu 3. Is Corporate Social Responsibility an Agency Problem? Hao Liang and Luc Renneboog 4. Disentangling Financial and Ethical Effects of Corporate Social Responsibility on Firm Value Sylvain Marsat, Guillaume Pijourlet and Benjamin Williams 5. How Useful are CSR Reports for Investors? The Problems of Comparing Environmental and Social Disclosures James Hazelton and Stephanie Perkiss 6. Corporate Social Responsibility and Firm Innovation Dongyoung Lee 7. A Survey of Corporate Social Responsibility and Corporate Governance Zhichuan (Frank) Li 8. The Birth of Environmental Finance Huy Nguyen Anh Pham and Vikash Ramiah 9. Can Entrepreneurship be Sustainable without being Sustainability-driven? Some Historical Perspective. Erwan Queinnec and Pierre Desrochers 10. Sustainability and the Evolution of the Shareholder Wealth Maximization Paradigm Frank M. Werner and James A.F. Stoner 11. Issue spread determinants in the green bond market: the role of second party reviewers and of the Green Bond Principles Stefano Gatti and Andrea Florio 12. Structured Microfinance in China Hans Byström 13. Microfinance and Joint-liability Lending John Creedy and Hien Hoang 14. Microfinance as an Alternative to the Imperfections of the Financial System Isabel Sainz-Fernandez, Begoña Torre-Olmo and Carlos López-Gutiérrez 15. Comparing Founders’ Specific Human Capital in Traditional Versus Philanthropic Venture Capital Firms Jennifer Walske, Mariarosa Scarlata and Andrew Zacharakis 16. Examination of the Relationship between Venture Capital and Economic Growth in Emerging Markets Guldem Gokcek PART II Governance and Sustainable Finance 17. What Explains Voluntary Corporate Carbon Disclosures In Emerging Markets? Walid Ben-Amar, Philip McIlkenny and Karim Mhedhbi 18. Understanding ESG Ratings and ESG Indexes Michael Pagano, Graham Sinclair and Tina Yang 19. Environmental Regulation, Financial Regulation and Sustainability Imad Moosa and Vikash Ramiah 20. Impact Investing in Social Enterprises Brian Bolton and Carolyn Niehaus 21. The Low-Carbon Transition and Financial System Stability Carolin Schellhorn 22. Environment, Economics and Ethics: Towards an integrated model of ‘strong’ corporate sustainability David Coldwell 23. Climate Risk and the Practice of Corporate Valuation Roberto Bianchini and Gianfranco Gianfrate 24. Value Relevance of Environmental, Social, and Governance Disclosure Zuraida Zuraida, Muhammad Nurul Houqe and Tony van Zijl 25. The Emergence of Business Sustainability: Educational, Practical and Research Implications Anthony Ng and Zabihollah Rezaee PART III Fraud, Governance and Agency Problems 26. Corporate Governance and Fraud: Causes and Consequences Yan Alperovych, Riccardo Calcagno and Philipp Geiler 27. Sustainability Disclosure and Earnings Management Eswaran Velayutham 28. The Effect of Publication, Format, and Content of Integrated Reports on Analysts’ Earnings Forecasts Suhee Kim, Karen Maas and Paolo Perego 29. Crowdfunding as a Two-Sided Platform: Development of a Crowdfunding Participation Model Sunghan Ryu 30. Crowdsourcing, Co-creation and Crowdfunding in the Video-Game Industry Dina AL-Ghamdi, Tahir M Nisar, Guru Prabhakar and Lubica Strakova 31. How to foster responsible corporate governance? Voluntary versus legislative approaches Antoine Rebérioux and Gwenael Roudaut Index

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Book SynopsisOffering invaluable insights into technologically-driven change in Africa, this incisive book envisions myriad positive economic changes brought about by new technologies and innovations. Rooted in original research from contributors who have worked and taught in Africa, it encapsulates developments and breakthroughs throughout the continent.Technological Leapfrogging and Innovation in Africa details research and data on leading African economies and companies, illustrating the current achievements of these key players. With contributions by authors from a broad variety of fields including law, economics and journalism, it considers unique circumstances such as Africa’s post-pandemic recovery. It provides contextualised examinations of the challenges involved in technological leapfrogging for sub-Saharan Africa.This timely book will be essential for students and academics of entrepreneurship, development economics and innovation. It will additionally be of great benefit to policy makers interested in expanding their awareness of innovation and research in Africa.Trade Review‘This provocative volume provides a whole new lens for understanding the potential of technology to redefine the future of Africa. The contributors provide a perspective that is both realistic and holistic, particularly in reflecting the social, economic, cultural, and political challenges facing the continent. They approach technological leapfrogging not as a silver bullet, but as a catalyst that, if managed appropriately, can have cross-sectoral benefits and produce sustainable economic development.’ -- Michael H. Morris, University of Notre Dame, US‘Technological Leapfrogging and Innovation in Africa: Digital Transformation and Opportunity for the Next Growth Continent is a must-read for knowing where Africa is going and opportunities for its future. Transformational pathway implications for the continent are described in detail.’ -- Dianne H.B. Welsh, University of North Carolina Greensboro, US‘This is a highly interesting and innovative volume for everyone with an interest in industrialization, leapfrogging, and technological development on the African continent. It will also be of help to scholars and practitioners who are working on business strategy in developing countries more generally. Moreover, the volume raises important policy implications and lessons learned from a variety of detailed case studies and contexts across the continent.’ -- Peter Lund-Thomsen, Copenhagen Business School, Denmark‘Technology leapfrogging seems to be a promising approach to boost economic development and innovative solutions across Africa, but how can it succeed? What factors need to be considered? What should be avoided? Through an interdisciplinary and institutional lens, this edited research volume addresses such questions by building on timely cases and data, while not neglecting influencing local contexts and traditions of the 54 African countries. A must-read for scholars and practitioners who are eager to find innovative solutions that are beneficial for the continent and its people.’ -- Emamdeen Fohim, Centre for African Smart Public Value Governance, Mauritius‘Technological Leapfrogging and Innovation in Africa: Digital Transformation and Opportunity for the Next Growth Continent is a timely book for scholars and practitioners on digital transformation and technological leapfrogging, concepts that offer challenges as well as opportunities that are necessary for fast tracking Africa’s growth and development.’ -- Jane Khayesi, Leeds University Business School, UK‘The rapid urbanization of a very youthful and educated population coupled with immense leaps in technology puts Africa at the crux of a technological transformation of society. Swartz, Scheepers, Lindgreen, Yousafzai, and Matthee vividly capture the opportunities, challenges, and nuance this presents African economies.’ -- Hermann A. Ndofor, Indiana University, US and Associate Editor of Africa Journal of Management and Journal of ManagementTable of ContentsContents: Foreword xii by Kimberly Killmer Hollister Foreword xiv by Morris Mthombeni Acknowledgements xvii Introduction to Technological Leapfrogging and Innovation in Africa 1 Ethné Swartz, Caren Brenda Scheepers, Adam Lindgreen, Shumaila Yousafzai, and Marianne Matthee 1 Technology leapfrogging in Sub-Saharan Africa: jumping the management capabilities gap 17 David Teece, Kieran Brown, and Phil Alves 2 Following the money: leapfrogging through and with entrepreneurial growth companies in Ghana, Kenya, Nigeria and South Africa 33 Ethné Swartz, Christopher Denecke and Caren Brenda Scheepers 3 Technological leapfrogging in Africa: critical success factors to drive inclusive growth 55 Marianne Matthee and Caren Brenda Scheepers 4 Advancing technological hub collaborations to promote transnational African communities 71 Michelle Montague-Mfuni, Frances Fabian, and Caren Brenda Scheepers 5 Digital technology and innovation in Africa: leapfrogging in finance 89 Njuguna Ndung’u and Alex Oguso 6 Financial leapfrogging and innovative financing in sub-Saharan Africa: gender-lens investments for gender equality 112 Michele Ruiters and Motshedisi Mathibe 7 Two kinds of time: the Chinese–Kenyan infrastructure disconnect 136 Arielle S. Emmett 8 Ongoing technological innovation in the home: a blessing or a curse? 155 Alet C. Erasmus 9 Can digital technologies help Africa to leapfrog its massive education gap? 171 Ali Parry and Wilma Viviers 10 Digital leadership skills that South African leaders require for successful digital transformation 184 Asmitha Tiekam and Hugh Myres 11 Legal leapfrogging? Legal system and rule of law effects on cross-listing to bond by emerging-market firms 207 Joel Malen, Paul M. Vaaler, and Ivy Zhang 12 How intellectual property regimes and innovative infrastructure promote growth of Africa’s technological market 245 Ashley Elizabeth Sperbeck 13 Africa’s post-pandemic economic recovery: catch up, don’t give up 268 Lyal White, Liezl Rees, and Nikitta Hahn Index

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Book SynopsisInclusive Financial Development provides theoretical and empirical analyses of the nature of financial inclusion. The contributing authors explore the impediments to inclusion that exist around the world, the macro and stability implications, and the regulation dimension. With contributions from distinguished researchers, this book covers the main analytical and empirical issues in financial inclusion and its role in economic development. Chapters present a wide range of case studies illustrating topics such as mobile money, financial liberalization and bank efficiency, as well as highlighting the costs associated with financial exclusion and the various policy and regulatory measures that have been applied to lower the barriers to inclusion. Offering a comprehensive exploration of financial inclusion and its impediments, this important book will be welcomed by students, researchers and policy makers interested in economic development and financial regulation.Trade Review‘A great collection of contributions that analyse the different facets of financial inclusion in the developing world and that will push out the frontier of knowledge.’ -- Thorsten Beck, European University Institute, Florence, Italy‘Ahmad, Llewellyn and Murinde have edited a timely volume on access to finance and financial and economic development. At its core are thirteen contributions, many on African countries, resulting from research funded by the ESRC and the FDCO; with invited studies of other countries included. Progress from mobile money to information technology enabled financial intermediation is mapped and its impact gauged. Policy implications are that entry by, suitably regulated, technologically advanced financial institutions should be facilitated, and responsible banking fostered.’ -- Andrew Mullineux, University of Birmingham, UK‘For researchers and policy makers, this book is a true gold mine, not for the answers it offers, but for the critical questions it raises about the potential of financial inclusion to propel developing economies to higher levels of growth while ensuring that no citizen is left behind in the modernization process. The chapters offer compelling evidence on the role of financial inclusion as a potent tool for equitable development and leapfrogging in the developing world. The volume is of great interest for instructors and students of finance and economic development.’ -- Léonce Ndikumana, University of Massachusetts, Amherst, USTable of ContentsContents: Preface xvi Ahmad Hassan Ahmad, David T. Llewellyn and Victor Murinde 1 Introduction: financial inclusion – an overview of key issues 1 David T. Llewellyn 2 Public policy for financial inclusion 13 David T. Llewellyn 3 Financial sector development and financial inclusion in Africa: gaps, challenges and policy options 28 Njuguna Ndung’u and Alex Oguso 4 Mobile money and financial inclusion: an analytical survey 52 Ahmad Hassan Ahmad, Christopher J. Green and Fei Jiang 5 The impact of financial inclusion on sectoral economic growth 76 Ayse Demir, Joseph Ajefu, Kalim Bukhari and Victor Murinde 6 Does financial liberalization accentuate financial instability? 82 Dirk Bezemer, Silke Bumann and Robert Lensink 7 The rise of cross-border pan-African banks in the WAEMU 113 Issouf Soumaré, Kouamé Désiré Kanga and Victor Murinde 8 Kenya’s interbank market liquidity access: an insight from network topology 134 Ye Bai, Pia Weiss, Victor Murinde and Christopher J. Green 9 The coexistence of formal and informal finance: new evidence from the use of trade finance by farmers in Chile 170 Alvaro Reyes, Robert Lensink and Niels Hermes 10 Mobile money, financial inclusion and poverty: key results from two new surveys in Ghana 189 Fei Jiang, Carlos Sakyi-Nyarko, Ahmad Hassan Ahmad and Christopher J. Green 11 Does bank efficiency enhance industry growth in developing countries? 226 Ali Mirzaei and Tomoe Moore 12 Threshold effects of financial access on income inequality in Africa: empirics and policy implications 243 Imhotep Paul Alagidede and Muazu Ibrahim 13 Government policy and financial inclusion: analyzing the impact of the Indian national mission for financial inclusion 267 Rachel Hadar and Ronny Manos 14 Inclusive finance, financial literacy and livelihood activities of households in Ghana 295 Mohammed Amidu, Joshua Yindenaba Abor and Haruna Issahaku 15 Concluding remarks and implications for future research 321 Ahmad Hassan Ahmad, David T. Llewellyn and Victor Murinde Index

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Book SynopsisProviding an overview of industrial development using a variety of different approaches and perspectives, the Handbook of Industrial Development brings together expert contributors and highlights the current multiple and interdependent challenges that can only be addressed using an interdisciplinary approach. Chapters discuss the existing issues faced by industry following both the digital and environmental transitions, highlighting their regional roots and the interplay with the wider institutional framework. Investigating the necessity for companies to design new products and production processes and also re-think their corporate responsibilities, this Handbook illustrates the need for a much broader vision taking into account historical, social, political and cultural viewpoints at all governmental levels. Furthermore, it takes an analytical look at further research, including insightful directions for future industrial development policies. Answering complex policy questions for today, this crucial Handbook will be invaluable for policymakers looking for insights into sustainable industrial development as well as practitioners who are seeking an up-to-date comprehensive overview of the topic. Economic development and innovation scholars and researchers will also find the future research ideas interesting and informative.Trade Review‘Industry is key not only to economic growth and jobs. Its ongoing transformation and a stronger and clearer directionality in policy action can critically contribute to establish sustainable development paths as well as to fight territorial imbalances. But how? This Handbook takes the challenge of unwinding this complex issue and analyses past experiences, potentials, limitations and perspectives for the future, adopting an intriguing multidisciplinary approach aimed at understanding both global and local stakes. An important contribution to the current efforts of both scientists and policymakers.’ -- Alessandro Rainoldi, Joint Research Centre, European Commission, Spain‘The global economy is undergoing dramatic change due to newly transparent geopolitical shifts and technological disruption. Technological disruption is due to a variety of technological paradigm shifts ranging from the Internet of Things to quantum computing to artificial intelligence. Climate change and related agricultural and health issues complicate management and policy issues still further. In order to ensure industrial development follows a better path, it is important to critically re-think the role of firms, technologies, industrial sectors and structures, the changing nature of work and labour markets, governance and public policy, and, in turn, their socio-economic impacts within regions, nation states and the global economy. This timely Handbook brings together leading scholars from several fields to explore these issues. Its collection of thought-provoking chapters will allow readers to challenge the conventional wisdom and to consider alternative possibilities for sustainable and more inclusive industrial development.’ -- – David J Teece, University of California, Berkeley, US‘Our world is facing profound challenges that require a re-examination of cherished ideas. Early 2020 brought a pandemic, a global recession and an unprecedented reconfiguration of supply chains. The world now stares down a regional war of untold danger and hardship. Looking to the future, we will need hope and insight into a newly designed wealth-generating capacity taking into account social, environmental, political and industrial governance practices of a magnitude not seen since the first Industrial Revolution. This new Handbook of Industrial Development takes on such a task and it could not be more timely. Combining theory, sectoral analysis and multiple geographies while recognizing new societal imperatives, the book looks beyond Industry 4.0, interrogating up-to-the-minute developments in today's industries while offering suggestions for future-oriented policy to tackle near- and long-term problems of equity and inclusion.’ -- Amy Glasmeier, Massachusetts Institute of Technology, US‘This Handbook of Industrial Development will be central to academic research, teaching and industry engagement for decades to come. In an era when governments seek new ways to promote employment and rebuild economic capacity this Handbook provides solutions to the conceptual and practical challenges many nations face in their efforts to establish and develop new industries. World-leading researchers provide fresh insights into the relationship between industrial development and the Sustainable Development Goals (SDGs), the places of innovation, path development, sectoral policy and the challenges before governments. This Handbook is both timely and pivotal to advancing thinking and policy on the industry of the future.’ -- Andrew Beer, University of South Australia, AustraliaTable of ContentsContents: Foreword by Annalisa Primi: why talking about production means talking about development xvi Foreword by Richard Kozul-Wright xviii PART I INTRODUCTION 1 Shaping sustainable industrial development paths 2 Patrizio Bianchi, Sandrine Labory and Philip R. Tomlinson PART II HISTORICAL AND SOCIOECONOMIC PERSPECTIVE ON INDUSTRIAL DEVELOPMENT 2 Industrial revolutions in a globalizing world, 1760–present 18 Bas van Leeuwen, Ulbe Bosma and Meimei Wang 3 Latin America: learning and fictional expectations in industrial development 37 Clemente Ruiz Durán and Moisés Balestro 4 Murmurs of an industrial revolution in Africa: is it time for Africa? 54 Horman Chitonge 5 Industrialization, economic and political power 76 Graham Brownlow 6 The transformation of work: changing employment governance regime 91 Valeria Pulignano 7 Sustainable human development, capabilities and the new trajectories of industrial policy 107 Mario Biggeri, Andrea Ferrannini, Santosh Mehrotra, Marco R. Di Tommaso and Patrizio Bianchi PART III INDUSTRIAL DEVELOPMENT IN REGIONS 8 Place and industrial development: paths to understanding? 134 Peter Sunley and Ron Martin 9 Innovation, industrial dynamics and regional inequalities 152 Ron Boschma, Martina Pardy and Sergio Petralia 10 Evolutions in industrial districts and local productive systems 166 Marco Bellandi, Maria Chiara Cecchetti and Erica Santini 11 External collaboration for innovation: firms, industry, regions and policy 183 Mariachiara Barzotto, Carlo Corradini, Felicia Fai, Sandrine Labory and Philip R. Tomlinson 12 Governing industrial policy: the scope and limits of the ‘good governance’ agenda 201 Pedro Marques and Kevin Morgan PART IV SECTORS 13 Spatial implications of the platform economy: cases and questions 216 Martin Kenney, John Zysman, Dafna Bearson and Camille Carlton 14 Consumer goods: from mass consumption to servitization 233 Juan Carlos Monroy-Osorio, Marco Opazo-Basáez and Ferran Vendrell-Herrero 15 The car industry as a laboratory of transformations induced by industrial development 249 David Bailey, Dan Coffey, Lisa De Propris and Carole Thornley 16 The propulsive role of the space industry in industrial development: evaluating the case of spaceports 269 Leslie Budd and Davide Villani 17 The energy sector: an industrial perspective on energy transitions 288 Tuukka Mäkitie and Markus Steen 18 Industry, innovations and transition to the green and circular economy 303 Massimiliano Mazzanti and Emy Zecca PART V THE ROLE OF THE STATE IN INDUSTRIAL DEVELOPMENT 19 Industrial policy beyond market failure: structural dynamics, innovation and economic governance for industrial development 323 David Bailey, Sandrine Labory and Philip R. Tomlinson 20 Stages of industrial development and appropriate industrial policy 339 Murat Yülek and K. Ali Akkemik 21 Platform oligopolies, anti-trust policy and sustainable development 358 Christos Pitelis and Eleni E.N. Piteli 22 States of innovation: how the state shapes production transformation 383 Antonio Andreoni and Rainer Kattel 23 Industrial development and the growth process: a structural framework 404 Ivano Cardinale and Roberto Scazzieri Index

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Book SynopsisTourism in the Mediterranean Sea: An Italian Perspective is the product of a collaborative group of experts in the field of tourism. Academics, whose research focuses on regional tourism system governance, alongside several experts from the tourism sector, contributed to the volume with distinct issues related to the tourism industry. The growth of the Mediterranean Seas tourism system relates to the issue of tourist destination, brand protection, and public communication. The purpose of this book is to define a method of governance to improve regional and territorial tourism policies and to redesign tourist supply of the tourist destination with the goal of social and economic growth of the Mediterranean area. Tourism is rebuilding a vision associated with paths, visits to villages, heritage, tradition, and typical food and wine. Moreover, travellers will also tend to choose the tourist destinations that offer health guarantees. This book, with an innovative and cross-disciplinary approach, is well suited to public decision-makers, university students, and sector experts to build a model of tourism that is able to understand the new opportunities that come from national and international markets in the Mediterranean area.Table of ContentsChapter 1 Tourism for All: Economic Opportunities and Territorial Constraints for Sustainable Development; Carmen BizzarriChapter 2. Archaeological Research, Dissemination of Knowledge, and Touristic Valorization in a Multi-Layered City: The Example of Taormina, Sicily; Lorenzo Campagna Chapter 3. The Role of Sustainability for the Tourism Recovery in Italy; Federico Massimo Ceschin and Carmen Bizzarri Chapter 4. A New Sustainable Way ... Together: The Ancient Routes in Sicily; Davide Comunale and Fabrizio Ferreri Chapter 5. Religious Tourism and Sustainability: From Devotion to Spiritual Experience; Alessandro Cugini Chapter 6. Place Awareness and Community Tourism: The Case of Sambuca di Sicilia; Fabrizio Ferreri Chapter 7. Tourism Competitiveness in Mediterranean Countries: A Quantitative Approach; Romana Gargano Chapter 8. Consuming Gastronomy While Traveling: What Do Tourist Want? Roberta Garibaldi, Matthew J. Stone, and Andrea Pozzi Chapter 9. Tourism Planning and Resilience Strategies in Inner Areas: Communities in Action in the Madonie Area; Maurizio Giannone Chapter 10. Tourism, Economic Growth and Sustainability in the Mediterranean Region; Filippo Grasso and Daniele Schilirò Chapter 11. Responsibility and Sustainability in International Hotel Chains; Graziano Hermann Chapter 12. Sustainable Accommodation in a Fragile Tourist Destination: The Matera Case; Nicolaia Iaffaldano, Sonia Ferrari, and Giovanni Padula Chapter 13. For a Responsible, Sustainable and Inclusive Tourism; Bernadette Lo Bianco Chapter 14. Roots Tourism: Opportunities for the Territories Deriving from Identity Journeys of Italian Emigrants; Tiziana Nicotera Chapter 15. Eco-Sustainable Routes and Religious Tourism: An Opportunity for Local Development. The Case Study of Sicilian Routes; Giuseppe Notarstefano and Susanna Gristina Chapter 16. Transport and Tourism Relationship; Francesca Pellegrino Chapter 17. Connecting Locals and Visitors: The Case of Street Food; Manuela Pilato, Marco Platania, and Seraphin Hugues Chapter 18. Tourism, Transport and Sustainability; Francesca Pellegrino Chapter 19. The Economic Resilience of the Urban Destination in Sicily (Italy); Platania Marco Chapter 20. Italy's Island Systems: Competitiveness in the Mediterranean Context; Giovanni Ruggieri and Patrizia Calò

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Book SynopsisSustainable Tourism in the Americas introduces the reader to the establishment of sustainable tourism across the region. It examines questions such as 'what is really meant by sustainable tourism?'Covered in eight chapters, the book discusses the evolution and application of the concept in the Americas from its origins as well as documenting established success stories of sustainable tourism policy and implementation from several countries in the Americas. The country and regional case studies critically examine what sustainable tourism means in their destination and address how in practice the concept of sustainability can be built to show results across different cultural and ecological situations ranging from local indigenous sites to urban environments. The book presents solid findings and includes content from: research of academics and experiences of those working within the heritage setting; recent criteria and indicators of sustainable tourism developed by GSTC and other standards, indicators and observatories work associated with UNWTO; success stories of managing Western tourism destinations and applies relevant lessons to Americas; Provides support to those who need to study and manage impacted destinations.It will be a valuable addition to the current lack of literature on this concept and of particular interest to those working within and studying tourism management and related themes.

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Book SynopsisWith contributions from nearly 50 researchers across Latin America, The Emerald Handbook of Entrepreneurship in Latin America: Unleashing a millennial potential contains the most important debates on creativity, innovation, and entrepreneurship in Latin America. Covering the most recent topics that influence Latin America’s entrepreneurial dynamics, chapters are written by specialists from Mexico, Brazil, Canada, Chile, Colombia, England, Venezuela, Spain & Peru. The Emerald Handbook of Entrepreneurship in Latin America presents a detailed and extensive review of the most relevant literature published in Latin America, critically analysing and exposing historical processes along with emerging debates, suggesting future paths for its entrepreneurship ecosystems, agents, sectors and regions. The Emerald Handbook of Entrepreneurship in Latin America offers new perspectives and will change the way the global arena sees Latin America. A first must-have reference for present and future researchers, corporate executives, and business schools with the aim to understand the challenges and opportunities this region has in the global, national, and regional arenas, a timely text most relevant than ever given the post pandemic context that present and future generations will confront with.Table of ContentsSection I Creativity & Entrepreneurship in Latin America Chapter 1. Creativity & Entrepreneurship in Latin America: The Time Has Come; Hortensia Mínguez García, Oscar Montiel, and Araceli Almaraz Chapter 2. The Historical Institutional Context in Latin America in the Promotion of the Creativity Process of Entrepreneurship; Rebeca de Gortari Rabiela and María Josefa Santos Corral Chapter 3. The Orange Economy, Entrepreneurs, and the Future: The Role of Culture and Creativity in the Economic Recovery;Trinidad Zaldívar Chapter 4. Organizational Creativity Process: Experiences in Latin America; Henrique Muzzio Chapter 5. The Institutional Change of Intellectual Property Commercialization; Ignacio De León and Esteban Santamaria Chapter 6. Media Labs: Catalyzing Experimental, Structural, Learning, and Process Innovation; Ana Cecília B.Nunes, John Mills, and Eduardo Campos Pellanda Testimonial: Association Our Godchildren of Guatemala (ANA de G) (Asociación Nuestros Ahijados de Guatemala); Vanessa Rodas de Montenegro Section II Innovation; Entrepreneurship in Latin America Chapter 7. Innovation in Latin-America: An Eternal Recurrence?; Lorena del Carmen Álvarez-Castañón, Oscar Montiel, and Araceli Almaraz Chapter 8. Innovation and Entrepreneurship: The Latin American Thought Approach; Javier Jasso Villazul, Ismael Núñez Ramírez, and Arturo Torres Vargas Chapter 9. Transforming Innovation Systems for Sustainable Development Challenges: A Latin American Perspective; Claudia De Fuentes and Jahan Ara Peerally Chapter 10. University Knowledge Transfer to Its Environment and STI Policies; Lorena del Carmen Álvarez-Castañón Chapter 11. Capabilities, Innovation & Entrepreneurship. Startups in Latin America; Javier Jasso Villazul and Arturo Torres Vargas Chapter 12. Social Innovation in Latin America: Debate and Experiences; Mario Vargas Saenz Chapter 13. Start-ups, Gender Disparities, and the Fintech Revolution in Latin America; Bernardo Bátiz-Lazo and Ignacio González-Correa Chapter 14. Entrepreneurship Dynamics in Latin America: The Global Entrepreneurship Monitor Perspective; José Ernesto Amorós Testimonial: Encouraging interdisciplinary entrepreneurship in higher education: What drives and challenges us? Lessons from IDEAR Lab in Brazil; Naira Maria Lobraico Libermann and Ana Cecília B. Nunes Section III The Past and Future of Entrepreneurship in Latin America Chapter 15. New Momentum for Entrepreneurship: Latin America’s 4th Wave; Oscar Montiel, Lorena del Carmen Álvarez-Castañón, and Araceli Almaraz Chapter 16. An Entrepreneurial Perspective of the Mesoamerican Civilizations: Implications for Latin America; Anel Flores Novelo and Oscar Montiel Chapter 17. Research Priorities In Entrepreneurship In Latin America; Christian A. Cancino and Bruce Lezana Chapter 18. Social Entrepreneurship, a Forceful Social Fact: An Analysis of Studies from Latin America; Mariana Zerón Félix, Claudia Milena Álvarez Giraldo, and Cristian Alejandro Rubalcava de León Chapter 19. The Earlier Impact Of Covid-19 on Entrepreneurship on Latin America: A Review and Research Agenda; Rosalina Torres-Ortega and Carlos Alberto Santamaria-Velasco Chapter 20. A Psychological Profile of the Latin American Entrepreneur; Marisol Morales Rodríguez Chapter 21. The Potential of Biographical Studies of Latin American Entrepreneurs for Business, Economic History and Related Fields: The Cases of Mexico and Colombia; Carlos Dávila Ladrón de Guevara, Araceli Almaraz, and Mario Cerutti Chapter 22. Entrepreneurial Migration Processes from and to Latin America: Opportunities and Obstacles; Elizabeth Salamanca Chapter 23. A Theoretical Analysis of Entrepreneurship Education: Lessons From Mexico, Chile, and Colombia; Dra. María de los Dolores González-Saucedo and Lic. Diana Karen Vélez-Sánchez Chapter 24. Political Corruption & Entrepreneurship in Latin America: An Understanding of Their Interactions and the Suitability of Regional Solution Proposals; Yoel Modesto Gonzalez Bravo Chapter 25. The Tourism Chain and Entrepreneurship in South America: An Overview; Fernando Armas Asín and Martin Monsalve Zanatti Chapter 26. Analysing Successions in Family Business History: Theory and Method; Araceli Almaraz and Manuel Llorca-Jaña Chapter 27. Negotiation and Entrepreneurship From the Perspective of Economic Institutionalism: A Case for Latin America; Oscar Montiel, Rosa Azalea Canales García, and Oscar Alejandro Vásquez Bernal Testimonial: Uruguayan Young Entrepreneurs Association (AJE); Florencia Alvarez-García and Mario Cerutti Pignat

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Book SynopsisForeign Exchange Constraint and Developing Economies addresses the complex nature of foreign exchange constraint for macroeconomic and social development. The book collects expertise and perspectives from a diverse set of contributions. Using a combination of innovative theoretical and empirical approaches, the book suggests several analytical frameworks to help advance academic research and policy work on foreign exchange and sustainable development.Chapters explore how trends in exchange rates, currency dynamics and international capital markets impact development models of primarily small open economies. The problems of global capital flows affected by the COVID-19 pandemic are also reviewed. The book presents analyses of both country-level and regional patterns and discusses broader implications for emerging markets. Exploring urgent questions for academic and policy agendas, this will be an important read for economists and researchers working on the topics of economic development, international economics, open economy, exchange rate management, sovereign debt, central banking, and monetary policy. Applied economists and policymakers will also find this a meaningful resource.Trade Review‘Most emerging and developing economies face a persistent foreign exchange gap. Holding foreign exchange reserves, even in large amounts, does not eradicate the gap that essentially produces persistently foreign exchange constrained economies. This book is a very helpful collection of chapters that elucidates the various manifestations for the foreign exchange constraint. It covers a wide number of important topics such as capital flows, foreign debt, exchange rate policy, the role of MNCs, financial crisis, and others. The collection will be very helpful to researchers and policymakers.’ -- Tarron Khemraj, New College of Florida, US‘With the Ukraine crisis fueling inflation, rising interest rates and soaring debt-burdens, this timely volume brings together diverse approaches spanning theoretical models, empirical investigations, and policy analyses to address the challenges posed by volatile capital flows, deteriorating exchange-rates and the impact of COVID-19 to EMDCs in a world in flux.’ -- Ramaa Vasudevan, Colorado State University, US‘The chapters in Professor Gevorkyan’s edited book are a reminder that the external constraint is essentially a foreign exchange one, and that the post-Bretton Woods institutions are ill designed to help developing countries cope with the volatility of international capital flows. This is a timely and relevant collection of papers that should be required reading for all the experts in international financial issues.’ -- Matías Vernengo, Bucknell University, Pennsylvania, US‘After more than 2 decades of work in developing countries, realizing the many ways conventional modern macroeconomics education misses the main challenges that are actually faced by their policymakers, I am delighted to see the relevant topics for growth and macroeconomic stability in developing economies make a comeback. Aleksandr Gevorkyan and the authors that joined him in this fine treatment of the issues need to be congratulated and encouraged to continue deepening this most-relevant research and policy analysis program.’ -- João Farinha Fernandes, Asian Development BankTable of ContentsForeword by Barry Eichengreen Preface and acknowledgements PART I: CAPITAL MARKETS 1. Foreign exchange constraint and select developing economies: insights from the Caucasus and Central Asia Aleksandr V. Gevorkyan 2. Domestic sovereign yields puzzle in 2020: falling yields amid a large fiscal shock in emerging markets Hayk Avetisyan, Viacheslav Ilin, and Dmitry Yakovlev 3. Wealth composition, valuation effect and upstream capital flows Uthman M. Baqais 4. Non-financial corporations as financial intermediaries and their macroeconomic implications: an empirical analysis for Latin America Claudia de Camino, Esteban Pérez Caldentey and Cecilia Vera PART II: CURRENCY AND EXCHANGE RATE 5. Currency relationships over time: a network analysis and case study of Mexico Georgia Bush, Serafin Martínez-Jaramillo, Luis O. L. Escobar-Farfán and Erwin Flores-Tamés 6. On the limits of real exchange-rate targeting under foreign exchange constraint Eduardo F. Bastian 7. Optimal foreign exchange reserves in small open economies: the case of the Caribbean Dave Seerattan 8. Two sides of a currency crisis in emerging economies: economic and behavioural side of currency risk derivatives Elżbieta Kubińska, Joanna Wyrobek, Łukasz Faryj and Anna Macko 9. Real exchange rate, demand growth and labour productivity: a growth model of cumulative and circular causation Hugo C. Iasco-Pereira, Fabrício J. Missio, Frederico G. Jayme Jr and Douglas Alencar PART III: COVID-19 AND OPEN ECONOMY 10. Capital flows and emerging market economies since the global financial crisis Otaviano Canuto 11. The Lebanese banking crisis: an exploration of the impaired banking system Samar Issa Index

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Book SynopsisEmerging markets are increasingly facing significant challenges, from a slowdown in productivity, rising debt, and trade tensions to the adverse effects of proliferating global uncertainty on domestic financial systems. This incisive Handbook examines the ongoing dynamics of global financial markets and institutions within the context of such rising uncertainty and provides a comprehensive overview of innovative models in banking and finance.Chapters investigate the implications of the COVID-19 pandemic on health and economic activities, as well as other global factors such as geopolitical shifts, digital transformation, and climate change. This expansive range of perspectives demonstrates how emerging market policymakers have been forced to rethink their banking and financial industries to spur sustainable and inclusive growth. Global in scope, the Handbook features contributions from more than 70 experts, offering key insights into new developments in banking and finance, and considering how emerging markets might overcome the pandemic, shape the new normal, and foster economic sustainability.This ambitious Handbook will be an essential read for regulators and policy analysts who will benefit from its innovative perspectives on advancing governance of banking and finance sectors in emerging markets. Its exploration of forthcoming directions for research will be of special interest to academics and research scholars in related fields.Trade Review‘Duc Khuong Nguyen offers a multifaceted collection of research on emerging markets that is a must-read for scholars and investors alike. It is one of the most comprehensive books on emerging markets finance and will impress the readers with its fresh perspectives.’ -- Rose Liao, Rutgers University, US‘It was ample time this Handbook was made available to professional investors and financial actors in emerging markets. Congratulations to Duc Khuong Nguyen for gathering such an expert crowd to help us navigate the new emerging world: post global financial crisis, post Covid, post China and BRICS take off, but also aligned with the sustainable development goals and the climate agenda. This is the compass we needed to sail the ocean ahead of us!’ -- Bertrand Badré, Blue like an Orange Sustainable Capital, FranceTable of ContentsContents: Preface xxviii PART I FINANCIAL MARKETS, INSTITUTIONS AND MONEY 1 Booms, bubbles, blow-outs: exploring patterns in China’s credit expansion 2 Ron McIver, Lei Xu and Shiao-Lan Chou 2 Mutual fund investing in the Chinese A-share market 32 Yeguang Chi and Xiao Qiao 3 Liquidity and ex-dividend behavior in emerging markets 51 Daniel Dupuis 4 Asset-based valuation: a modified discounted cash flow approach 70 Rafael Yanushevsky, Daniel Yanushevsky and Camilla Yanushevsky 5 Financial integration in Asia: some empirical evidence 83 An Thi Thuy Duong and Clemens Kool 6 Application of the neural F-Score in Latin American stock markets 104 Lidia Loban, Cristina Ortiz and Luis Vicente 7 Market-liquidity risk modeling and reinforcement machine learning algorithms under extreme market outlooks: applications to emerging markets 115 Mazin A.M. Al Janabi 8 The components of bid–ask spread on the Warsaw Stock Exchange 131 Paweł Miłobędzki and Sabina Nowak PART II BANKING PROFITABILITY, EFFICIENCY AND STABILITY 9 Bank profitability in the euro area: the asymmetric effect of common supervision 153 Ioanna Avgeri, Yiannis Dendramis and Helen Louri 10 The journey of a thousand miles: a decade of the impact of foreign shareholders on the performance of Chinese commercial banks 176 Constantin Gurdgiev and Li Jiaqi 11 The determinants of commercial banks’ profitability in the South-Eastern Europe region: a system GMM approach 200 Francesco Guidi 12 Determinants of commercial banks’ performance in Mozambique 218 Antonio Samagaio, Pedro Verga Matos and Isidora Manjate 13 Impact of information and communication technology on banking efficiency: the Vietnamese experience 238 Thanh Ngo and Tu Le 14 Competition, efficiency and stability in Islamic and conventional banking systems: an emerging market perspective 254 Md. Nurul Kabir and Andrew C. Worthington 15 Central bank independence, macroprudential policies and financial stability in the Mauritian context 274 Manisha Chuttoor, Dinesh Ramdhony and Boopen Seetanah PART III TOWARDS FINANCIAL RESILIENCE AND SUSTAINABILITY 16 Sustainable investing in emerging markets 298 Andreas Gruener 17 ESG issues in emerging markets and the role of banks 321 Thankom Arun, Claudia Girardone and Stefano Piser. 18 Corporate social responsibility disclosure and cost efficiency of Islamic banks: evidence from GCC countries 345 Anas Mohammad Hussein Al-Jbour, Lei Xu, Damien Wallace and Guodong Yuan 19 Credit risk management and practices in Islamic and conventional banks: an emerging market perspective 366 Mahfod Aldoseri and Andrew C. Worthington 20 Stakes and challenges in the development of impact investing in emerging markets: the case of Asia 378 Emmanuelle Dubocage and Evelyne Rousselet 21 Consumer financial spinning and market stress factors in emerging markets 394 Olivier Mesly 22 Analyst coverage of emerging market IPOs and legal environment 419 Romain Boissin PART IV INNOVATIVE MODELS IN BANKING AND FINANCE 23 The role of BigTech in emerging markets 433 Silvio Andrae 24 The digital revolution in financial services: new business models and talent challenges 464 Sylvie St-Onge, Michel Magnan and Catherine Vincent 25 Ethics and trust on Fintech platforms from an emerging markets perspective 479 Oliver Vasquez and Leire San-Jose 26 Challenges and opportunities for crowdfunding in emerging markets: an ethical perspective 492 Johan Bouglet, Ghislaine Garmilis and Olivier Joffre 27 Rationalizing the Takaful organizational form with institutional theory 506 Maryam Alhalboni, Muhammed Shahid Ebrahim and Wahyu Jatmiko 28 Artificial intelligence in an emerging portfolio manager: the case of Evovest 523 Sylvie St-Onge, Catherine Vincent and Michel Magnan PART V EMERGING TRENDS 29 Emerging green finance hubs in Asia: regulatory initiatives for ESG investing and green bond development by the Four Tigers 539 Artie W. Ng 30 Enhancing sustainability reporting and greening the finance system: institutionalization and practices in China’s banking sector 553 Shidi Dong, Lei Xu and Ron McIver 31 Cross-border banking in EMDEs: trends, scale, and policy implications 573 Erik Feyen, Norbert Fiess, Ata Can Bertay and Igor Zuccardi Huertas 32 The Swiss banking experience and lessons learned for emerging markets: the roles of digitalization and sustainability 597 Carlo Raimondo and Patrick Coggi 33 Financial development of CEE markets and the evolving role of foreign-owned multinational banks 619 Victoria Geyfman 34 Key rate pass-through to deposit rates: experience from the pandemic era 634 Henry Penikas 35 Inflation targeting and fiscal discipline in selected emerging economies 651 Milojko Arsić, Zorica Mladenović and Aleksandra Nojković PART VI NEW PERSPECTIVES 36 The role of financial surveys for economic research and policy making in emerging markets 676 Sof.a Gallardo and Carlos Madeira 37 Emerging regions in the era of negative real interest rates: twenty years of convergence towards the US? 687 Max Gillman 38 The Indonesian banking sector during the COVID-19 pandemic 710 Sahminan Sahminan 39 Bank finance and alternative instruments in capital-intensive sectors: the case of global shipping 731 Theodore Syriopoulos 40 The Russian financial sector: opportunities in an unstable environment and sanctions 763 Vasily Tkachev, Vadim Grishchenko and Karl Summanen 41 Conflict, contention and cooperation in China’s new model of financial intermediation monitoring 793 W. Travis Selmier II Index 811

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Book SynopsisCurrently, works on poverty constitute only a small part of contemporary economic research; however, the field of poverty and deprivation is undoubtedly one rising in popularity and relevance. Encompassing chapters that address both unidimensional and multidimensional poverty, this timely Research Handbook explores all aspects of poverty and deprivation measurement, not only detailing broad issues but also scrutinising specific domains and aspects of poverty, such as health, energy and housing.Succinct and highly focused, it brings together a diverse range of authors to employ a combination of theoretical and empirical methodologies to offer well-rounded explorations of complex topics. Expansive in scope, the Research Handbook includes case studies that examine poverty across the globe, with a particular focus on covering Africa, China, India and Latin America, producing a comprehensive, rigorous and interdisciplinary resource. The Research Handbook will be an invaluable resource for not only economics researchers and graduate students but also policy makers dealing with issues related to poverty and deprivation. Chapters are designed to provide the reader with foundational knowledge of a topic that they can subsequently deepen by exploring the cited literature.Trade Review‘Jacques Silber’s Research Handbook on Measuring Poverty and Deprivation is a monumental achievement. Its 67 chapters – plus introduction and epilogue – cover virtually every important topic in the contemporary measurement and economic analysis of poverty, with every single chapter written by leading experts in the field.’ -- Francisco H. G. Ferreira, London School of Economics, UKThis Research Handbook on Measuring Poverty and Deprivation, edited by Professor Jaques Silber, is unique in its structure and in the breadth and depth of topics covered. True to the old phrase, good things come in small packages, the Handbook presents bite sized chapters imparting the wisdom of over a hundred eminent researchers in this field. The Handbook is encyclopedic as it covers: uni- and multidimensional measures of poverty; poverty in specific domains including health, education, energy, housing and water; poverty among children, adults and the elderly; national, regional and global poverty; and, finally, interrelationships between poverty and economic insecurity, gender, mortality and inequality of opportunity. The Handbook also includes specialized statistical topics such as small area estimation; Bayesian approach; and standard errors associated with poverty measures. Researchers, analysts, policy makers and graduate students will find the treasure of information invaluable and the Handbook indispensable. -- D.S. Prasada Rao, The University of Queensland, Australia‘Jacques Silber’s Handbook constitutes a veritable intellectual treat to all those interested in poverty measurement.' -- From the epilogue by Nora Lustig, Tulane University, US‘This is an impressive volume in its broad coverage of poverty analysis from different perspectives. It should be useful for all who are working in this area and practitioners interested in the practical applications of theoretical models of poverty analysis, particularly, for policy purposes.' -- Satya R. Chakravarty, Indian Statistical Institute, and Indira Gandhi Institute of Development Research, India‘Jacques Silber deserves much credit for assembling a comprehensive and informative collection of papers on measuring poverty and extreme inequality by a first-rate and diverse collection of authors ... It will long influence the evolution of the field.’ -- from the foreword by James J. Heckman, University of Chicago, USTable of ContentsContents: Foreword by James J. Heckman xix Introduction to the Research Handbook on Measuring Poverty and Deprivation 1 Jacques Silber PART I UNIDIMENSIONAL POVERTY AND DEPRIVATION Section I.1 Conceptual Issues 1 The income and consumption approach to unidimensional poverty measurement 8 Massimo Aprea and Michele Raitano 2 The subjective approach to uni- and multidimensional poverty 19 Ada Ferrer-i-Carbonell 3 Relative income and the relative deprivation hypothesis 28 Elena Bárcena-Martín and Beatriz Benítez Aurioles 4 Income-dependent equivalence scales and choice theory: implications for poverty measurement 39 Christos Koulovatianos and Carsten Schröder 5 On the poverty line 50 Gaurav Datt and Peter Lanjouw 6 Measuring global poverty 60 Andrea Brandolini and John Micklewright 7 The axiomatic approach to unidimensional poverty 70 Casilda Lasso de la Vega 8 Poverty measurement and stochastic dominance 82 Buhong Zheng 9 Measuring poverty with an ordered-categorical variable 95 Suman Seth Section I.2 Statistical Issues 10 Measuring unidimensional poverty: a review of the inference literature 106 Chiara Gigliarano and Pietro Muliere 11 The recentered influence function and unidimensional poverty measurement 118 Carlos Gradín 12 Small area methodology for measuring poverty at a local level 129 Monica Pratesi and Francesco Schirripa Spagnolo 13 Regression-based imputation for poverty measurement in data-scarce settings 141 Hai-Anh H. Dang and Peter F. Lanjouw 14 Poverty measurement under income and price dispersion 151 Christophe Muller 15 Bottom incomes and the measurement of poverty 161 Lidia Ceriani, Vladimir Hlasny and Paolo Verme 16 Mixture models and poverty measurement 171 Gordon Anderson, Grazia Pittau and Roberto Zelli PART II INCOME POVERTY OVER TIME 17 Chronic poverty measures 181 Aaron Nicholas and Ranjan Ray 18 Measuring poverty persistence 192 Alessio Fusco and Philippe Van Kerm PART III MEASURING POVERTY IN SPECIFIC DOMAINS AND FOR PARTICULAR POPULATION SUBGROUPS 19 Health poverty 202 Bénédicte Apouey and David Madden 20 Towards a right to learn: concepts and measurement of global education poverty 212 Michelle Kaffenberger, Lant Pritchett and Martina Viarengo 21 Energy poverty 224 Mara Hammerle, Rohan Best and Pundarik Mukhopadhaya 22 Food insecurity and poverty 234 Kenneth Harttgen and Johannes Seiler 23 Water poverty 243 Tomson Ogwang and Danny I. Cho 24 Housing poverty 252 Luis Ayala and Carolina Navarro 25 Health insurance and poverty measurement 262 Dahlia K. Remler and Sanders Korenman 26 Child malnutrition 273 Mohamad A. Khaled, Paul Makdissi and Myra Yazbeck 27 Financial exclusion and the importance of financial literacy 283 María José Roa and Alejandra Villegas 28 Measuring child poverty 298 Lucia Ferrone and Alessandro Carraro 29 Elderly poverty and its measurement 307 Yoko Niimi and Charles Yuji Horioka 30 Poverty of time 316 Ajit Zacharias 31 The decomposition of unidimensional poverty measures 326 Oihana Aristondo PART IV MEASURING MULTIDIMENSIONAL POVERTY Section IV.1 Conceptual Issues 32 The Alkire and Foster approach to measuring multidimensional poverty 344 Maria Emma Santos 33 An alternative to Alkire and Foster’s framework for measuring multidimensional deprivation 355 Prasanta K. Pattanaik and Yongsheng Xu 34 The European Union’s approach to multidimensional poverty measurement 368 Anne-Catherine Guio 35 Complements, substitutes and multidimensional deprivation measurement 378 Iñaki Permanyer 36 Prioritarianism and poverty measurement 388 Kristof Bosmans, Luc Lauwers and Erwin Ooghe 37 Multidimensional poverty measurement and preferences 401 François Maniquet 38 The measurement of asset and wealth poverty 410 Francisco Azpitarte and Gaston Yalonetzky 39 Multidimensional poverty and deprivation: using individual versus household data 420 José Espinoza-Delgado and Sebastian Vollmer 40 Poverty measurement for forcibly displaced populations: challenges and prospects of a new field 430 Paolo Verme 41 Robustness methods in the counting approach to multidimensional poverty measurement 439 Gaston Yalonetzky and Francisco Azpitarte 42 The decomposition of multidimensional poverty measures 450 Martyna Kobus Section IV.2 Statistical Issues 43 Statistical issues in multidimensional poverty measurement: redundancy analysis 463 Paola Ballon 44 The Bayesian approach to poverty measurement 475 Michel Lubrano and Zhou Xun Section IV.3 Multivariate Approaches to Poverty Measurement 45 The fuzzy approach to poverty measurement 489 Gianni Betti, Antonella D’Agostino, Achille Lemmi and Laura Neri 46 Efficiency analysis and poverty measurement 501 Gordon Anderson 47 The order of acquisition of assets and deprivation 511 Joseph Deutsch and Jacques Silber PART V POVERTY MEASUREMENT AND RELATED TOPICS 48 Measuring vulnerability to poverty: a unified framework 523 Indranil Dutta and Ajit Mishra 49 Economic insecurity and poverty 535 Olga Cantó and Marina Romaguera-de-la-Cruz 50 Engel curves, spending diversity and welfare measurement 544 Andreas Chai and Elena Stepanova 51 Gender and poverty measurement 553 Sarah Bradshaw and Brian Linneker 52 Poverty and inequality of opportunity 563 Xavi Ramos and Dirk Van de gaer 53 Mortality and poverty measurement 572 Benoit Decerf PART VI PRO-POOR GROWTH 54 Pro-poor growth 583 Nanak Kakwani 55 Pro-poor growth in a multidimensional context 594 Florent Bresson PART VII POVERTY MEASUREMENT AROUND THE WORLD 56 Poverty in Europe 605 Marek Kośny 57 A comparison of income poverty measurement in Canada and the United States 613 Thesia I. Garner, Shelly Phipps and Trudi Renwick 58 Poverty in Russia: a bird’s-eye view of trends and dynamics in the past quarter of a century 627 Kseniya Abanokova and Hai-Anh H. Dang 59 Poverty in China 636 Guanghua Wan, Yuan Zhang and Xiaoshan Hu 60 Poverty in Japan 646 Kouhei Komamura and Kuriko Watanabe 61 Poverty in India 654 Shatakshee Dhongde 62 Poverty and inequality in Australia, 2001–2018 663 Alessio Rebechi and Nicholas Rohde 63 Poverty in Latin America 673 Leonardo Gasparini, Maria Emma Santos and Leopoldo Tornarolli 64 Poverty in Western and Central Asia 685 Alan Fuchs Tarlovsky and Maria Fernanda Gonzalez Icaza 65 Poverty in Southeast Asia 696 Duangkamon Chotikapanich and William Griffiths 66 Levels and trends in multidimensional poverty in Algeria, Iraq and Tunisia, using a counting-based approach 710 Valérie Bérenger 67 Poverty in Africa 722 Almas Heshmati and Mekonnen Bersisa Epilogue by Nora Lustig 733 Index 737

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Book SynopsisAsia has shown the world what success in economic development looks like. From the amazing transformations of Japan, the Republic of Korea, and the other ‘tigers’ in the early 70s, to the more recent takeoffs of the People’s Republic of China (PRC), India, and the leading economies in Southeast Asia, the region has prospered at a startling pace. Technologies were adopted, productivity raised, and export markets conquered. Billions were lifted out of poverty. What was once a backwater is now a global engine of growth.That roaring progress was, however, fueled by a lesser-known factor: borrowing. Governments, corporations, and households financed their path to prosperity with debt—lots of debt. Today, the volume of debt hanging over Asian economies is huge, in both absolute and relative terms. It was growing fast before the pandemic and is projected to grow even faster because of it. Demography is bound to make matters worse in the long term. How sustainable is this? What should policy makers do to keep Asia’s finances stable? Should markets worry? These are the core questions of this book. Through a collection of chapters by renowned experts, a diagnosis of Asia’s debt accumulation is offered. The approach is both country- and issue-driven, so both idiosyncratic and common elements can be identified. Matters like Japan’s social insurance promises, the PRC’s state-owned enterprises, the Pacific islands’ aid dependency, and the saving habits of households in the Republic of Korea are dissected. As are trends that are present across countries, such as population aging, shrinking fiscal space, and contingent liabilities. This allows for a deeper understanding of what makes borrowing sustainable—or not. And it leads directly into policy recommendations, especially those involving the use of new financial instruments.The final product is a book whose comprehensiveness and practicality are unprecedented in the field. It will be equally invaluable for governments, investors, and scholars in Asia and beyond.Trade Review‘This is an important book, for at least three very different reasons. First, it provides an excellent, and very recent, analysis of debt accumulation in a region whose financial stability matters to the entire world. Second, it explains in an easy-to-understand way the role that borrowing has in the behavior of governments, corporations, and households. And, third, it introduces the reader to new and powerful financial instruments that can benefit not just lenders and borrowers but society as a whole. A must read.’ -- Allan Rosenbaum, Florida International University, US and President of the American Society for Public AdministrationTable of ContentsContents: Foreword by Yasuyuki Sawada ix Overview and synthesis 1 Benno Ferrarini, Marcelo M. Giugale, and Juan J. Pradelli PART I A DIAGNOSIS OF ASIA’S DEBT 1 Debt in Asia: anatomy, evolution, and prospects 31 Juan Pablo Paladino and Juan J. Pradelli 2 Japan’s public debt sustainability before and after COVID-19 66 Jérémie Cohen-Setton and Keita Oikawa 3 People’s Republic of China: features and recent evolution of corporate debt 87 Ninghua Zhong and Mi Xie 4 Asia’s lower-income countries: concessional public debt, concessional rescues 108 Nicolas Depetris-Chauvin 5 Pacific Islands’ debt: financing post-COVID-19 recovery amid precarious sustainability 136 Roland Rajah and Alexandre Dayant 6 Subnational debt: developing a sustainable market 167 Lili Liu 7 Asia’s corporate debt: assessing its role in financial vulnerability 188 Hernán D. Seoane 8 Household debt: supply-driven sugar rushes 214 Maria Teresa Punzi PART II THE RISKS BEHIND ASIA’S DEBT 9 Fiscal uncertainty: the thankless task of forecasting Asia’s fiscal accounts 239 Ugo Panizza 10 Fiscal space: Asia’s fiscal safety net has shrunk 269 Andrea F. Presbitero 11 Contingent liabilities: monitoring exposures that are difficult to measure 299 Timothy C. Irwin 12 Debt generators: the case of energy subsidies 317 Klaus Enders 13 Population aging and debt 342 Sang-Hyop Lee, Andrew Mason, and Donghyun Park PART III WHAT NEXT? POLICIES TO KEEP ASIA’S DEBT SUSTAINABLE 14 Debt management capacity: a tale of three Asias 367 Phillip Anderson 15 Fiscal insurance: a new tool of fiscal stability 389 Luis de la Plaza 16 Thematic bonds to diversify fiscal sources 409 Farah Imrana Hussain Index 426

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Book SynopsisPoverty and Prosperity: Tourism in Rural China focuses on tourism and rural community development in the light of Confucianism and Taoism. Drawing from ethnographic field research in Southern China, the authors present an evolutionary as well as a horizontal view of tourism and rural community development through an illustrative case. Narratives from villagers involved in (or affected by) tourism development in the case study village are highly embedded in, and culturally informative of, rural community development with Chinese characteristics. A valuable source of reference and an addition to the pro-poor tourism knowledge, this book offers an epistemologically unique and much needed perspective on researching and practicing tourism for poverty alleviation and rural revitalization.Table of ContentsChapter 1. Poverty Chapter 2. Tourism and Development Chapter 3. Poverty Alleviation through Tourism in China Chapter 4. Methodological Approaches Chapter 5. The Budding of Tourism Chapter 6. Spontaneous Growth Chapter 7. The Golden Age Chapter 8. A Stagnation of Development Chapter 9. Tourism and Rural Community Chapter 10. Imbalanced Development Chapter 11. A Comparative Lens Chapter 12. The Shuiji Model

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Book SynopsisThis ground-breaking book analyses the severe monetary policy challenges facing Latin American countries. Contributors reflect on how these issues should be addressed by policy-makers, identifying the need for a synergic response from regional central banks.Arguing that the challenges currently faced by regional central banks are intrinsically related, this book examines the risks generated by an international climate of uncertainty. It explores how to address inflationary pressures, output contraction, external vulnerabilities, tightness in advanced central banks’ monetary policies, nominal dollar appreciation, and falling commodity prices. Chapters focus on key elements of monetary policy, including transmission channels, exchange rates, international reserves, sustainable finance, and income inequality, to give an alternative view on the position of regional central banks in the global financial system.Monetary Policy Challenges in Latin America will be an invaluable resource for students and scholars of monetary policy, development economics, banking, and political economy. It will also be essential reading for policy-makers seeking new perspectives on monetary policy.Trade Review‘In this significant contribution, the editors and authors identify several key analytical dimensions for monetary policy makers in Latin America, while providing a comprehensive view on how to address the main monetary challenges of our time with concrete proposals, theoretical discussions, empirical evidence and analytical rigour. An outstanding contribution which should be widely read by scholars, students and policy makers.’ -- Stephany Griffith-Jones, Emeritus Professorial Fellow, Institute of Development Studies, Sussex University, UK‘What a wonderful collection of essays on the challenges faced in Latin America. The editors have brought together an impressive list of scholars, both young and more established, to tackle difficult questions surrounding monetary policy. This book is an important step forward and must be read by all who wish to understand the complexity surrounding the economics of Latin America. Congratulations to the editors and to the authors.’ -- Jose Antonio Ocampo, Professor, Columbia University, US and former United Nations Under-Secretary-General for Economic and Social Affairs and Minister of Finance of Colombia‘This book puts together 14 excellent policy-oriented - theoretical and empirical - contributions from important post-Keynesian and Structuralist economists. It focuses on policy and institutional arrangements to manage and overcome Balance-of-Payments constraints in Latin America. A must-read for those interested in heterodox short and medium-run open economy macroeconomics.’ -- Ricardo Summa, Professor of Economics, Federal University of Rio de Janeiro (UFRJ), BrazilTable of ContentsContents: Introduction to Monetary Policy Challenges in Latin America xxi Fernando Toledo and Louis-Philippe Rochon PART I ALTERNATIVE VIEWS ABOUT CENTRAL BANKS AND MONETARY POLICY IN LACS 1 Assessing the new “integrated policy framework”: a counterfactual analysis of the case of Argentina 2 Sebastián Valdecantos 2 Macroeconomic policy under a managed floating exchange rate regime: a critical appraisal of the international currency hierarchy literature 16 Simone Deos and Enzo Gerioni PART II MONETARY POLICY TRANSMISSION CHANNELS IN LACS 3 Inflation targeting in open economies: the contradictions of determinacy and stability 34 Esteban Pérez Caldentey and Matías Vernengo 4 Limitations of monetary policies in open developing economies: external capital inflows and sterilisation policies 59 Noemí Levy Orlik 5 Global financial cycle and monetary policy rules: a neo-Kaleckian model for emerging markets and developing economies 78 Gabriel Michelena and Fernando Toledo PART III MONETARY POLICIES AND EXCHANGE RATES IN LACS 6 Exchange rate management in Latin America: towards the making of a policy target exchange rate 97 Daniel Pérez-Ruiz, Gary Dymski, and Annina Kaltenbrunner 7 Real exchange rates, growth, and inflation targeting 117 Nelson Barbosa Filho 8 When are devaluations more contractionary? A quantile VAR estimation for Argentina 132 Gabriel Montes-Rojas and Nicolás Bertholet PART IV MONETARY POLICIES, INTERNATIONAL RESERVES, AND SUSTAINABLE FINANCE IN LACS 9 Latin American Reserve Fund: Latin America’s alternative to the IMF? 150 William N. Kring 10 Climate change, monetary policy, and green finance in Latin America: the open economy dimension 168 Pablo G. Bortz and Nicole Toftum PART V MONETARY POLICIES, CENTRAL BANKS, INCOME INEQUALITY, AND FISCAL POLICIES IN LACS 11 Fiscal responses to income inequality surges. A panel estimation for Emerging Market and Developing Economies (EMDEs) 185 Jorge Carrera, Pablo de la Vega, and Fernando Toledo 12 Fiscal and monetary policy challenges after COVID-19: The Argentinean case 206 Damián Pierri 13 International reserves, repurchase agreements, and the Brazilian monetary policy 220 Sylvio Antonio Kappes 14 External debt and economic growth in Latin America and the Caribbean 230 Alfredo Schclarek Curutchet Index 256

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Book SynopsisResponding to global events, including the international financial crisis (IFC) and the COVID-19 pandemic, central banks and the monetary regimes in many Latin American countries responded with actions to mitigate the worst impacts. The authors in this book focus on the recent trends of monetary policy in Latin America and analyze how the actions that were taken have affected the economic performance of these countries.The book is composed of 11 chapters that analyze, theoretically and empirically, the central banks’ actions and the monetary regimes of the following countries: Argentina, Brazil, Chile, Colombia, Mexico, Peru, and Uruguay. As most of these countries implemented inflation-targeting regimes in the 1990s and 2000s, a special focus will be given on these experiences and how central banks dealt with the IFC and COVID-19 crises.Academic researchers and students of economics will find a wealth of knowledge contained in these chapters, as will anyone looking for a better understanding of the economy of this important region.Table of ContentsContents: Foreword x Louis-Philippe Rochon Introduction to Central Banks and Monetary Regimes in Emerging Countries xv Fernando Ferrari-Filho and Luiz Fernando de Paula 1 Costs and benefits of currency internationalisation: theory and the experience of emerging countries 1 Bianca Orsi, Antonio José Alves Junior and André de Melo Modenesi 2 Monetary institutions and economic performance in Latin America: the experience with an inflation targeting regime in the period 2000–2020 19 Eliane Araujo, Elisangela Araujo and Mateus Ramalho Ribeiro da Fonseca 3 Monetary policy in Brazil under the inflation targeting regime from a Contested Terrain Approach 43 Assilio Araujo and Fernando Ferrari-Filho 4 The unfinished stabilization of the Real Plan: an analysis of the indexation of the Brazilian economy 61 José Luís Oreiro and Julio Fernando Costa Santos 5 The role of capital flow management measures when the bubble bursts: the Brazilian experience in the global financial crisis and in the COVID-19 pandemic 82 Luiza Peruffo, Pedro Perfeito da Silva and André Moreira Cunha 6 Back to a high-inflation regime? The Argentine economy from the 2000s to the COVID-19 crisis 103 Hernán E. Neyra and Andrés Ferrari Haines 7 The new foreign debt trap and its long run consequences: the persistence of Monetarism as a social doctrine in Argentina 126 Juan Matias De Lucchi and Matías Vernengo 8 The monetary circuit and the credit channel in Mexico 146 Roberto Valencia Arriaga and Santiago Capraro Rodríguez 9 Monetary policy in Latin America during the COVID-19 crisis: was this time different? 171 Luiz Fernando de Paula, Paulo José Saraiva and Mateus Coelho Ferreira 10 The Central Bank of Brazil in the face of the COVID-19 economic crisis 190 Isabela Andrade do Carmo and Fábio Henrique Bittes Terra 11 The financial aspects of the COVID-19 crisis in Brazil: a Minskyan approach 208 Norberto Montani Martins, Ernani Teixeira Torres Filho and Luiz Macahyba Index

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Book SynopsisCOVID-19 and the Response of Central Banks analyses the reactions of central banks to the COVID-19 crisis in Sub-Saharan Africa. It focuses on how the pandemic has affected the economic performance of Sub-Saharan African countries, many of which were already struggling with growth and sustainability.The first part of the book covers countries within monetary unions such as Cameroon, Congo, Senegal, and Cote d'Ivoire. In the second half, countries with their own independent central banks such as the Democratic Republic of Congo, Nigeria, Ghana, and Sierra Leone, are discussed. Chapters highlight the differences between monetary union membership and independent central banks during health crises and explore the role of central banking in minimizing the deleterious effects.This theoretical and empirical analysis of central bank reactions and monetary regimes in these Sub-Saharan African countries is important, useful information for central bankers and policymakers responsible for making decisions before, during, and post crises. Among others, graduate students interested in development analysis and how monetary policy works in Africa will also benefit from the insight in COVID-19 and the Response of Central Banks.Trade Review‘The chapters in this book through examining the response of central banks to the COVID-19 pandemic provide much needed discussion on and insights into the roles of Central Banks in Sub-Saharan African countries. The COVID-19 pandemic and its impact on economies forced governments and central banks across the world to shift out of business as usual mode. Within developing countries, the pandemic reopened questions about health, resilience, economic development and macroeconomic policies, including monetary policy and the role of central banks.Salewa Olawoye has assembled valuable accounts of central bank responses and implementation of monetary policies for several countries across Sub-Saharan Africa in response to the pandemic. An important contribution of this book is to recognise the diversity across the countries of the region and to examine the role and effectiveness of country-specific monetary policy responses to the pandemic. This volume is an important contribution at a time when strategies to build resilience within countries and communities to pandemics, the impacts of climate change and other interrelated crises are urgently required.’ -- Seeraj Mohamed, Deputy Director, South African Parliamentary Budget Office‘Olawoye has assembled an excellent group of articles which show the different impact of monetary policy in African countries that are members of a currency union, or monetary sovereign. Her work underscores the significant, on the ground differences in their approaches to dealing with COVID-19, and the limitations imposed by monetary union.’ -- Joëlle J. Leclaire, State University of New York, Buffalo State, USTable of ContentsContents: Series editors’ introduction: COVID, policy and the state of our institutions xix Louis-Philippe Rochon, Sylvio Kappes and Guillaume Vallet Introduction to COVID-19 and the Response of Central Banks 1 Salewa Olawoye PART I COUNTRIES IN MONETARY UNIONS 1 Central banks’ responses to the COVID-19 pandemic: a survey of the Bank of Central African States 6 Simplice A. Asongu, Nathanael Ojong and Valentine B. Soumtang 2 The Bank of Central African States under the COVID-19 test: the case of the Congo 20 Toussaint Armel Bakala and Régis Bokino 3 Transmission channels of the COVID-19 pandemic effects in West African Economic and Monetary Union countries and BCEAO responses 37 Samba Diop and Adama Diaw 4 COVID-era monetary policy response in francophone West Africa with a focus on Cote d’Ivoire 53 Anick Yaha and Felix F. N’Zue PART II NON-MONETARY UNION COUNTRIES 5 Effects of COVID-19 on the DRC economy and policy responses from Central Bank of Congo and government 69 Pathou Kavena Lukau and Jonas Kibala Kuma 6 Monetary policy during the COVID-19 pandemic: a case study of the Central Bank of Nigeria 85 Salewa Olawoye and Adesuwa Erediauwa 7 Ghana’s monetary policy and COVID-19: a critical appraisal 104 Emmanuel Graham, John Bosco Dramani and Prince Boakye Frimpong 8 The role of the central bank in mitigating COVID-19 effects in Sierra Leone 121 Sheka Bangura and Morlai Bangura Index

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Book SynopsisEntrepreneurship and Economic Development addresses the importance of business creation, which is endemic in subsistence indigenous cultures, widespread in developing economies, and a critical feature of adaptation in the most advanced economies. The author offers systematic comparisons of six stages of economic development which provide information about the adjustments in the economic and social context affecting participation in business creation, the sectors where activities occur, and the nature of the contributions to economic growth and adaptation.Implications for public policy varies for countries at different stages of development. The book includes an introduction to harmonized data developed over the past two decades while avoiding technical complexity. Descriptions are based on representative samples of business creation with an emphasis on grassroots business creation in countries during all stages of economic development.Entrepreneurship, economic development and public policy scholars and faculty as well as policy analysts focusing on economic development will benefit from the breadth of knowledge included in this exploration of business creation.Trade Review‘Reynolds knows more about entrepreneurs and entrepreneurship than any person alive. This book is a much needed analysis of the global economic impact of entrepreneurship. It is essential reading for anyone who wants to understand the role of entrepreneurs in wealth creation.’ -- Derek Lidow, Princeton University, USTable of ContentsContents: Preface 1. Business creation: A global phenomenon 2. Economic development: Structures and values 3. Subsistence economies: Specialization and survival 4. Agricultural economies: Exiting farming 5. Agricultural-Industrial economies: Industry and service 6. Service-Industrial economies: Education and opportunity 7. Progressive Service-Industrial economies: Values and knowledge based 8. Knowledge-Service economies: Expertise and fulfilment 9. Transitions: Continuity and adaptation 10. Overview and implications A Global Entrepreneurship Monitor program B Economic development: Cross-stage descriptions References Index

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Book SynopsisOpening novel avenues of knowledge in the study of African philanthropy and development, this incisive book provides a critical assessment of philanthropic responses during crisis and non-crisis periods. It explores how collaboration between multilateral institutions and philanthropic organisations during a crisis can be harnessed and replicated to address the continent’s developmental challenges during non-crisis periods. Combining empirical insights with cutting edge theory, this forward-thinking book investigates the activities of high-net worth individuals, foundations, and corporate actors working with governments to create shared value. Through individual case studies and comparative analyses across diverse sectors and geographies, chapters demonstrate how shared value is crucial to building resilience in societies through philanthropy. The book ultimately makes a call for deeper and more meaningful forms of collaboration among the key actors in society: governments, the private sector, high-net worth individuals, and multilateral institutions. This highly innovative book will be an essential resource for researchers and academics interested in development studies, the sociology of organisations, and social policy in developing countries. Its empirical grounding will also inform policy responses in crisis and non-crisis periods.Trade Review‘African Philanthropy now leads the field in advancing our understanding of the dynamics of philanthropy in Africa. This exceptional study has both theoretical power and exceptionally valuable case studies, and its focus on the impact of Covid-19 on African philanthropy and civil society is an especially valuable contribution. Scholars, activists, practitioners and academic libraries will find this an invaluable resource to understanding the rapidly changing face of philanthropy and civil society in Africa.’ -- Mark Sidel, University of Wisconsin-Madison, US‘This innovative book showcases the amazing strength of Africans to take responsibility for their own development challenge through giving, apart from external largesse. It's a great opportunity to expand African philanthropy as an academic discipline and also a development model. It also highlights how indispensable non-state actors are in African development.’ -- Hany Besada, United Nations University-Institute for Natural Resources in Africa, Ghana‘Philanthropy has always played a significant role in improving human wellbeing and advancing social change. In Africa, attention has predominantly focused on the role of external philanthropy. In this volume the authors track and document the incredible transformation in African philanthropy over the last two decades. They draw much needed attention to the architecture of African philanthropy and the increasingly important role of African philanthropy on the continent.’ -- Gyude Moore, Center for Global DevelopmentTable of ContentsContents: 1 Introduction: African philanthropic responses in times of crisis 1 Bhekinkosi Moyo, Mzukisi Qobo and Nomfundo Xenia Ngwenya 2 African philanthropy prior to the Covid-19 pandemic: types, trends and effectiveness in responding to Africa’s developmental needs 7 Jacob Mwathi Mati 3 The role of philanthropy in supporting development through African multilateral institutions in crisis and non-crisis periods 22 Nomfundo Xenia Ngwenya 4 The impact of Covid-19 on civil society organisations in Africa 38 Keratiloe Mogotsi, Wycliffe Nduga Ouma, and Bhekinkosi Moyo 5 When Covid-19 meets philanthropy: the role of African philanthropy in addressing the socio-economic impact of Covid-19 in Ghana 55 Emmanuel Kumi 6 ‘Steering’ or ‘freeing’ civil society? Philanthropy towards social justice campaigns in South Africa during Covid-19 73 Shauna Mottiar 7 Digital solutions and philanthropy: improving coordination between philanthropists, governments, and non-state actors in Africa 86 Oswald Jumira 8 Comparative multilateral philanthropy: the cases of the European Union Commission and the Asian Development Bank on crisis and non-crisis philanthropic engagements 104 Faten Aggad 9 Corporate philanthropy and regional multilateral institutions in Africa 123 Rebecca Mhere 10 Improving coordination between multilateral institutions and philanthropists: a view from high-net worth individuals 142 Tendai Murisa 11 Challenges and opportunities for improving coordination between multilateral institutions and philanthropists: a view from charitable foundations 164 Geci Karuri-Sebina, Fred Carden and Frederick Beckley 12 Orienting philanthropy towards regional solutions 178 Bhekinkosi Moyo and Katiana Sandra Ramsamy 13 Conclusion 194 Bhekinkosi Moyo, Mzukisi Qobo and Nomfundo Xenia Ngwenya Index

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Book SynopsisFostering Sustainable Businesses in Emerging Economies presents a series of case studies and exploratory studies, using quantitative analysis, scientific studies, and qualitative studies showing how innovation and technology enable emerging economies to achieve business sustainability and also achieve the Sustainable Development Goals (SDGs). Most of all, the authors answer the question: What are the most important lessons policymakers need to consider when promoting sustainable business development?Table of ContentsChapter 1. Technology-driven social innovation in the emerging market; BilkisuMaijamaa, M.U. Adehi, Babagana Modu,and Muhammad Idris Umar Chapter 2. Digitization and Integration of Sustainable Development Goals (SDGs) in Emerging Economies; Quazi Tafsirul Islam, Jashim Uddin Ahmed,and Afnan Ahmed Chapter 3. A dimensional mapping and comparative study of csrs and sdgs; Pooja Singh and Surabhi Yadav Chapter 4. Understanding the level of digitization in emerging economics: implications for sustainable development goals; Farzana Nahee and Sudipa Sarker Chapter 5. Green technology practices and local well-being. Inspiring insights from a Brazilian case study; Michaela Floris Chapter 6. Contributions of Machine Learning in Industry 5. O to Sustainable Development; Mohammad Shamsu Uddin, Mehadi Hassan Tanvir, Md. Yasir Arafat, and Jakia Sultana Jane Chapter 7. Industry 5.0 - Its Role Towards Human Society: Obstacles,Opportunities and Providing Human - Centered Solutions; Bhabajyoti Saikia Chapter 8. Addressing the complexity of the digital divide and the role of government in addressing it; Khawaja Sazzad Ali and Anisur R. Faroque Chapter 9. Blockchain technology for secure and intelligent industry; Vasim Ahmad, Lalit Goyal, Tilottama Singh, and Jugandar Kumar Chapter 10. Is new wine in a new bottle? re-engineering poverty architecture through the finnish model of education in india; Tushar Soubhari, Sudhanshu Shekhar Nanda, and Mohd Asif Shah Chapter 11. Leveraging Technology to Enhance Access to Healthcare and Manage Medical Waste:Practices from Emerging Countries; Zarjina Tarana Khalil and Samira Rahman Chapter 12. A study of stimulating sustainable women empowerment through fintech applications; Ajay Sidana, Richa Goel, and Mashiur Rehman Chapter 13. Role of Sustainable Development Goal and Digitization in Hospitality Industry: A Systematic Literature Review; Pratim Chatterjee and Rita Karmakar Chapter 14. Digital Payments transformation in India: trends , issues & opportunities; Anupkumar Dhore, Vijay D Joshi, Amir Hafizullah Khan,and Sukanta Kumar Bara Chapter 15. Integrations of new-age technologies with sdgs in theemerging economies; Vijay Gupta

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Book SynopsisThe COVID-19 outbreak aggravated recurrent economic issues and problems of developing a resilient economy and technological development inequality between entities, countries, production structure, unemployment and social disorders that have resulted in the accentuating of political, economic, business and trade relations. Resilient economies, technological development and green entrepreneurship in the New Normal present opportunities and challenges in achieving a balanced transition.Emerging Patterns and Behaviors in a Green Resilient Economy provides a comprehensive and nuanced understanding of contemporary green entrepreneurship, highlighting areas that need more exploration and encouraging new, innovative solutions to the challenges faced in creating a sustainable economy.Lab for Entrepreneurship and Development is Emerald''s innovative book series on the study of entrepreneurship and development, striving to set the agenda for advancing research

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Book SynopsisWhat role does the informal economy have to play in SDG implementation? The chapters collected here by a range of scholars explore this question in detail; examining case studies and presenting empirical evidence based on both qualitative and quantitative assessment.

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Book SynopsisASEAN economies have much insight to offer the world, from investor behaviour during COVID-19, and deep-rooted attitudes towards risk and corruption, to achievement of the Sustainable Development Goals through the gender perspective. The authors examine complex and pressing issues, including: competing models of risk reporting, the effect of corporate governance on the Indonesian stock market, and the influence of stakeholders in influencing the level of disruptive innovation disclosure in 15 countries around the world. ISETE-33B gives fresh insight into financial and economic issues in ASEAN countries, written by authors from diverse backgrounds. This is essential reading for anyone interested in the financial evolution of these fast-moving economies.Table of ContentsChapter 1. A Bibliometric Analysis on Risk Reporting: A Systematic Literature Review; Yeni Priatnasari, Djoko Suhardjanto, Agung Nur Probohudono, and Setyaningtas Honggowati Chapter 2. Financial Performance and Corporate Governance: Its Effect on Market Performance; Nur Imamah, Saparila Worokinasih, Zeni Firdayani, and Jung-Hua Hung Chapter 3. Disruptive Innovation Disclosure Practices and Application of Stakeholder Theory; Indrian Supheni, Djoko Suhardjanto, Rahmawati, and Agung Nur Probohudono Chapter 4. The Prospect and Volatility of Stock Prices of Aviation Business; Ernie Hendrawaty, Rialdi Azhar, and Fajrin Satria Dwi Kesumah Chapter 5. Financial Performance and Ownership Structure: Influence on Firm Value through Leverage; Harmono Harmono, Sugeng Haryanto, Grahita Chandrarin, and Prihat Assih Chapter 6. Achievement of Sustainable Development Goals in Gender Mainstreaming through the Gender and Development Perspective; Izza Mafruhah and Indah Susilowati Chapter 7. Institutional Ownership, Dividend Policy, Debt Policy, and Risk: An Analysis of Simultaneous Equation; St. Ibrah Mustafa Kamal and Eduardus Tandelilin Chapter 8. Investor Behavior During Covid-19 Pandemic: Do They Herding?; Firda Nosita and Rifqi Amrulloh Chapter 9. CO2 Emissions, Population, Tourism, Oil Consumption, and Corruption: Evidence from ASEAN 5 Developing Countries; Winny Perwithosuci, Izza Mafruhah, Evi Gravitiani, and Tamat Sarmidi Chapter 10. Capital, Liquidity, Profitability and Credit Risk Nexus: A Panel VAR Study on Selected Developing Countries; Mochammad Doddy Ariefianto and Irwan Trinugroho Chapter 11. VaR Model for Managing Market Risk of Portfolio; Firman Pribadi, Arni Surwanti, and Wen-Chung Shih

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Book SynopsisElgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary.How can financial services, such as credit, deposit accounts, financial transfers, and insurance be provided to people in need? This challenging and complex issue has been a topic of interest for the international aid community for decades. Drawing on renowned experts in microfinance and financial inclusion, this Research Agenda sheds much-needed light on this multifaceted challenge and points the way ahead for future research.Providing a critical and multidisciplinary approach to research in microfinance and financial inclusion, the authors provide a state-of-the-art overview of current scholarly knowledge on the provision of financial services to disadvantaged populations worldwide. Reviewing the literature on the subject from the fields of economics, management science and development studies, they discuss the limitations and challenges of current research and chart avenues for future developments.With its fascinating insights, this Research Agenda will be of interest to students of finance and economics, development, and business and management, as well as researchers with a specific interest in microfinance and financial inclusion.Contributors include: J. Bastiaensen, A. Cozarenco, B. D'espallier, K.O. Djan, M. Duvendack, A. Garcia, J. Goedecke, I. Guérin, V. Hartarska, B. Hathaway, N. Hermes, F. Huybrechs, R. Lensink, R. Mersland, J. Morduch, S. Morvant, D. Nadolnyak, T. Ogden, J.-M. Servet, T.W. Sommeno, A. Szafarz, G. Van Hecken, B. Venet, L. Weill, T. Wry, S. ZamoreTable of ContentsContents: Introduction Part I Framing Research On Microfinance And Financial Inclusion 1. The Challenges of Social Investment Through the Microfinance Lens Jonathan Morduch and Timothy Ogden 2. Microfinance and Management Theory Brian Hathaway and Tyler Wry 3. Breaking Away From Ready-Made Remedies and Normative Approaches to Financial Practices Isabelle Guérin, Solène Morvant and Jean-Michel Servet 4. What Do We Really Know About Microfinance Impact? Maren Duvendack Part II Social, Environmental, and Financial Performance 5. Social Performance Measurement in Microfinance Bert D’espallier and Jann Goedecke 6. Microfinance and Financial Inclusion in the Transformation to Environmental Sustainability Johan Bastiaensen, Frédéric Huybrechs and Gert Van Hecken 7. Efficiency and Productivity Analysis of Microfinance Institutions Valentina Hartarska and Denis Nadolnyak Part III Targets for Financial Inclusion 8. Islamic Microfinance Laurent Weill 9. Microfinance Plus: A Review and Avenues for Research Adriana Garcia and Robert Lensink 10. Microfinance in the North: Where Do We Stand? Anastasia Cozarenco and Ariane Szafarz Part IV Institutional and Technological Design 11. Internationalization of the Microfinance Industry Roy Mersland, Stephen Zamore, Kwame Ohene Djan and Tigist Woldetsadik Sommeno 12. Microfinance and Governance Niels Hermes 13. Fintech and Financial Inclusion Baptiste Venet Index

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