Development economics Books

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Book SynopsisOn 25 September 2015, countries adopted a set of 17 goals to end poverty, protect the planet, and ensure prosperity for all as part of a new sustainable development agenda to be achieved by 2030. For the goals to be reached, everyone needs to do their part: governments, the private sector, civil society and people like you. Elyx, the United Nations' digital ambassador, uses various expressions and actions to help demonstrate the meaning of each goal. Created by French artist YAK, Elyx has no race, sex or nationality and is a universal character promoting the importance of the United Nations' work.

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Book SynopsisThe Butterfly Defect addresses the widening gap between the new systemic risks generated by globalization and their effective management. It shows how the dynamics of turbo-charged globalization has the potential and power to destabilize our societies. Drawing on the latest insights from a wide variety of disciplines, Ian Goldin and Mike MariathasaTrade ReviewFinalist for the 2015 Estoril Global Issues Distinguished Book Prize "[The authors demonstrate] that the increasing interconnectedness of the world makes the world's economics, infrastructure, health and social conditions behave [as] an interconnected meteorological system. The next big crisis will be of unexpected origin."--Professor Rober J. Shiller, Wall Street Journal "This is an important and thought-provoking book."--Shawn Donnan, Financial Times "This book covers many different sectors and points out that globalization brings opportunities as well as threats; readers from diverse professional and academic backgrounds will gain insights."--Library Journal "The arguments put forward are cohesive and coherent with well-constructed logical chapters, good, well thought out examples and jargon free language... Upon reflection of this book, I was left with a clear and defined picture of how systemic risk effects systems and how globalization inherently increases these risks."--Jason Paul Stansbie, Leonardo Reviews "Although the authors' prose is clear and unburdened by jargon, the nature of the topic means this is not a light read. But it will reward the persistent. The issues they raise, and the interconnections they identify, are such that specialists will come away with a deeper understanding of the risks involved in each of the specific fields they cover... To paraphrase John F. Kennedy, this book should be widely read not because it is easy, but because it is hard."--Survival Global Politics and Strategy "In this context of uncertainty about the future of globalization, the book is a very timely intervention, as it focuses exactly on the risks created by the process of globalization itself. The authors have formidable expertise."--Dariusz Wojcik, Journal of Economic Geography "A timely addition to the nascent literature on CT-inspired methods and models... Bound to trigger debate and invite (if not beckon) its readers to pursue further the ideas discussed on its pages."--Emilian Kavalski, Political Studies ReviewTable of ContentsList of Boxes, Illustrations, and Tables ix Preface xiii Acknowledgments xvii Introduction 1 1 Globalization and Risk in the Twenty-First Century 9 Globalization and Integration 10 Global Connectivity and Complex Systems 13 Globalization and the Changing Nature of Risk 23 Globalization: A Double-Edged Sword 30 The Way Forward 33 2 The Financial Sector 36 with Co-Pierre Georg and Tiffany Vogel The Financial Crisis of 2007/2008 37 Financial Globalization in the Twenty-First Century 39 Complexity and Systemic Risk 54 Global Financial Governance 60 Lessons for the Financial Sector 64 3 Supply Chain Risks 70 Global Supply Chains 72 Supply Chain Risk 79 From Management of Risk to Risk Management 90 Lessons for Supply Chain Management 95 4 Infrastructure Risks 100 Transportation 101 Energy 105 The Internet 112 Lessons for Global Infrastructure 120 5 Ecological Risks 123 The Nature of Environmental Risk 124 Risks from the Environment 129 Risks to the Environment 133 Can Globalization Be Good for the Environment? 138 The Export of Pollution 139 Lessons for Managing Environmental Risk 141 6 Pandemics and Health Risks 144 Pandemic Risk 145 Globalization and Health Risks 147 Case Studies 150 Noninfectious Diseases 159 Global Cooperation and Disease Control 160 Lessons from Pandemic Management 164 7 Inequality and Social Risks 168 Global Integration and Inequality 169 The Channels of Inequality 180 The Risks of Inequality 181 Lessons for Challenging Global Inequalities 195 8 Managing Systemic Risk 198 Moving Forward, Not Backward 200 Confronting a New Challenge? 202 The Need to Reform Global Governance 206 Why Reform Has Been So Sluggish 209 Lessons for Global Policy Reform 212 Managing Systemic Risk 219 Notes 221 References 257 Index 285

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Book SynopsisEvery four years since 2004, the Copenhagen Consensus Center has organized and hosted a high profile thought experiment about how a hypothetical extra $75 billion of development assistance money might best be spent to solve twelve of the major crises facing the world today. Collated in this specially commissioned book, a group of more than 50 experts make their cases for investment, discussing how to combat problems ranging from armed conflicts, corruption and trade barriers, to natural disasters, hunger, education and climate change. For each case, ''Alternative Perspectives'' are also included to provide a critique and make other suggestions for investment. In addition, a panel of senior economists, including four Nobel Laureates, rank the attractiveness of each policy proposal in terms of its anticipated cost-benefit ratio. This thought-provoking book opens up debate, encouraging readers to come up with their own rankings and decide which solutions are smarter than others.Trade ReviewPraise for the Copenhagen Consensus 2004–2013: 'I have served on four Copenhagen Consensus committees of experts since 2004. All involved hard choices among attractive alternatives to meet crucial objectives for development and health. And the reason I keep serving? I learn so much.' Thomas C. Schelling, Distinguished University Professor Emeritus of Economics, University of Maryland, and Nobel Laureate in EconomicsPraise for the Copenhagen Consensus 2004–2013: 'The Copenhagen Consensus brings together an impressive roster of minds, and while not everyone agrees with the composition and ordering of Lomborg's priorities lists - climate change tends to rank lower than many stakeholders would like, for example - as a point of departure for discussion, the exercise of priority-setting is a sound one.' Tom Zeller, Jr, The Huffington PostPraise for the Copenhagen Consensus 2004–2013: '[The] Copenhagen Consensus is an outstanding, visionary idea and deserves global coverage.' The EconomistPraise for the Copenhagen Consensus 2004–2013: 'The selection of zinc supplements by the Copenhagen Consensus as the top global remedy for hunger and malnutrition was one of the main drivers for our $3 million initiative 'Zinc Saves Kids' with UNICEF. We are now expanding this effort to help the 450,000 kids at risk of dying every year, working with the United Nations Foundation, the Gates Foundation and others.' Stephen R. Wilkinson, Executive Director, International Zinc AssociationPraise for the Copenhagen Consensus 2004–2013: 'One of the greatest leadership skills discussed in the Global Leadership Forum in Washington DC (October 2012) was the Copenhagen Consensus simulation. This activity was very important because it gave us the opportunity to work together on a key leadership skill: building consensus around difficult issues.' Naglaa Hassab, Humphrey Fellow, MBA student in Economic Development, Finance and Banking, EgyptTable of ContentsIntroduction Bjørn Lomborg; Part I. The Solutions: 1. Armed conflicts J. Paul Dunne; 1.1 Alternative perspective Anke Hoeffler; 1.2 Alternative perspective Andrew Mack; 2. The challenge of ecosystems and biodiversity Salman Hussain, Anil Markandya, Luke Brander, Alistair McVittie, Rudolf de Groot, Olivier Vardakoulias, Alfred Wagtendonk and Peter H. Verburg; 2.1 Alternative perspective Juha V. Siikamäki; 2.2 Alternative perspective John C. Whitehead and Paul E. Chambers; 3. Chronic disease prevention and control Prabhat Jha, Rachel Nugent, Stéphane Verguet, David Bloom and Ryan Hum; 3.1 Alternative perspective Julia Fox-Rushby; 3.2 Alternative perspective Marc Suhrcke; 4. Climate change: CO2 abatement Richard S. J. Tol; Technology-led mitigation Isabel Galiana and Christopher Green; Climate-engineering R&D J. Eric Bickel and Lee Lane; Climate-change adaptation Francesco Bosello, Carlo Carraro and Enrica De Cian; 4.1 Alternative perspective Samuel Fankhauser; 4.2 Alternative perspective Anil Markandya; 5. Education: the case for improving school quality and student health as a development strategy Peter F. Orazem; 5.1. Alternative perspective Lant Pritchett; 5.2 Alternative perspective George Psacharopoulos; 6. Hunger and malnutrition: investments to reduce hunger and undernutrition John Hoddinott, Mark Rosegrant and Maximo Torero; 6.1 Alternative perspective Anil B. Deolalikar; 6.2 Alternative perspective Beatrice Lorge Rogers; 7. Infectious disease, injury, and reproductive health Dean T. Jamison, Prabhat Jha, Ramanan Laxminarayan and Toby Ord; 7.1 Alternative perspective Till Bärnighausen, David Bloom and Salal Humair; 7.2 Alternative perspective David Canning; 8. Policy options for reducing losses from natural disasters: allocating $75 billion Howard Kunreuther and Erwann Michel-Kerjan; 8.1 Alternative perspective Stéphane Hallegatte; 8.2 Alternative perspective Ilan Noy; 9. Population growth Hans-Peter Kohler; 9.1 Alternative perspective Oded Galor; 9.2 Alternative perspective David Lam; 10. Water and sanitation Frank Rijsberman and Alix Peterson Zwane; 10.1 Alternative perspective W. Michael Hanemann; 10.2 Alternative perspective Guy Hutton; 11. Corruption and policy reform Susan Rose-Ackerman and Rory Truex; 12. Trade barriers and subsidies: multilateral and regional reform opportunities Kym Anderson; Part II. Ranking the Opportunities: Expert Panel Ranking Finn E. Kydland, Robert Mundell, Thomas Schelling, Vernon Smith and Nancy Stokey; Conclusion: making your own prioritisation Bjørn Lomborg; Index.

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Book SynopsisFocuses on women and households as significant productive units of global production systems and brings gender and social reproduction into the theoretical center of global commodity and value chain analysis.Trade Review"A collective project between Virginia Tech and SUNY Binghamton, original essays from both novice researchers and senior scholars use ethnographic, archival, and some social survey data to provide alternatives to neoclassical and neoliberal economic analysis . . . Recommended." -- G. M. Massey * CHOICE *"[B]oth the analysis and case studies brought together in this book are based on strong scholarly research. Combined, they provide important insights into key aspects of the gendered dimensions of commodity chains, and rightly establish gender as central to the analysis. For those in accord with a World Systems perspective, the book is a must read that will provide a foundation for future investigation. For those with differing perspectives on gender, development, and global value chains, this is a thought-provoking book that will help to stimulate much needed future debate and research." -- Stephanie Ware Barrientos"Work on gender, while very difficult because of the resistance, is also very urgent. We have, as the saying goes, not a minute to lose, which is why this book constitutes an important contribution not merely to the social sciences but to the larger world political scene." * From the foreword by Immanuel Wallerstein *"This is a genuinely exciting collection that fills a critical need. Gendered Commodity Chains contains interesting empirical case studies, as well as probing conceptual pieces that synopsize larger bodies of recent research—and then push the envelope much further! It will be an invaluable addition to course readings in fields including development studies, comparative sociology, international studies, political economy, and feminist studies, and a must for academic libraries." -- David A. Smith, University of California * Irvine *"Wilma Dunaways's Gendered Commodity Chains: Seeing women's Work and Households in Global Production is a stunning collaboration that will inspire further conceptual work and research in fields as diverse as anthropology, economics, development studios, sociology, and geography. The prose is crystal clear, accessible, and compelling." -- Altha J. Cravey * American Journal of Sociology *"Wilma A. Dunaway's edited volume contributes to the fields of economics, development, and gender studies by drawing attention to fundamental features of the capitalist system that have long exploited women . . . Dunaway superbly describes how women's unpaid labor and home-based production lowers the value of labor power, cheapens wage rates, externalized costs to households, and creates levels of exploitation to the direct benefit of capitalists . . . Dunaway's volume provides a pivotal contribution to the study of commodity chains by exposing how capitalists externalize hidden costs to women's uncompensated and inequitable reproductive and productive labor with direct ramifications on the sustainability of households. Communities, local economies, and ecosystems worldwide." -- Nicole Coffey Kellett"This volume enters uncharted territory. As well as a range of sectors and geographical case studies, it provides a far-reaching theoretical reappraisal of the significance of women's work—both paid and unpaid, hidden and visible—to the accumulation of capital and the social reproduction systems that underlie the accumulation of capital. Unmissable." -- Professor Ruth Pearson * University of Leeds *"From theoretical and methodological analysis to empirical work, this volume fills a vacuum in commodity chain studies to show how 'gender is everywhere.' Gendered Commodity Chains will be of great use for teaching and research, with many policy implications and suggestions for future research." -- Lourdes Benería * Cornell University *

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Book SynopsisExamines the recent and diverse proliferation of responses that challenge, reform, and even retrench neoliberalism's hegemony in Latin America.Trade Review"Neoliberalism Interrupted is a timely book on the winds of change sweeping through Latin America. Covering a wide range of countries it provides many important reference points against which the wider phenomenon of the so-called Pink Tide can be viewed an assessed. Usefully, it deals not only with those countries that are often paradigmatically associated with the leading edge of resistance to neoliberalism (Bolivia, Venezuela, Ecuador) but also those countries where neoliberal socio-economic and political practices have remained firmly entrenched (Colombia, Mexico, El Salvador) or where assessment has been more ambiguous (Argentina) . . . [This] is a highly readable and engaging book for both students and seasoned scholars of Latin America. It deserves to be read widely."—Chris Hesketh, Bulletin of Latin American Research"Neoliberalism, Interrupted is an aptly titled volume that examines the current status of neoliberal economic policy and governmentality in Latin America . . . Fine-grained political analysis and rich empirical detail reveal that while Washington Consensus policies are no longer hegemonic in Latin America, neoliberal governance is entrenched and evolving . . . Each of the eight country case studies offers rich historical and political analysis that is alive to contradiction and complexity . . . [T]he case studies are valuable and clearly grounded in deep engagements with research sites."—Jennifer Goett, Journal of Anthropological Research"Mark Goodale and Nancy Postero's collection offers us a vivid panorama of neoliberalism and its interruption, keeping in mind broader patterns of political economic transformation and civil society struggle. The chapters forcefully demonstrate neoliberalism's investment in violence and regulation, while opening our eyes to civil society's spaces to challenge them. From Buenos Aires to Venezuela, from race to gender, this collection represents an important theoretical and critical engagement with Latin America's current realities."—Sarah A. Radcliffe, University of Cambridge, author of Indigenous Development in the Andes: Culture, Power, and Transnationalism"Neoliberalism, Interrupted makes an important contribution to studying Latin America's rapidly changing socio-political landscape. The volume's authors remind us that the region presents a rich laboratory for experiments that defy existing categories of social and political theory in contradictory, but potentially exciting new ways."—Philip Oxhorn, McGill University"This book will resonate with all those interested in one of the most important political questions for Latin America today. The authors resist the temptation to provide easy answers—the essays are subtle and effective, their sophistication buttressed by empirical and theoretical rigor."—Sian Lazar, University of Cambridge"This timely collection brings together diverse disciplinary perspectives to explore the limits of neoliberal governmentality in contemporary Latin America. The contributors provide fine-grained, ethnographic analysis of alternatives to the 'Washington consensus,' both grandiose and grassroots, revealing in the process the promises and contradictions of 'post-neoliberal' political programs and social projects."—Patrick C. Wilson, University of Lethbridge

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Book SynopsisTrade Review"A Choice Outstanding Academic Title of the Year""Winner of the Gyorgy Ranki Prize, Economic History Association""Essential reading for economic historians."---Anne McCants, Journal of Economic History"[A] compendious history. . . . The geographic breadth and temporal length of [Ogilvie's] coverage make The European Guilds unique."---Marc Levinson, Wall Street Journal"The new and highly comprehensive book by Sheilagh Ogilvie . . . . likely to stand as one of the more important works of economic history from the last decade."---Tyler Cowen, Marginal Revolution"A major contribution to economic history and institutional economics."---Mark Koyama, The Review of Austrian Economics"A comprehensive study of European guilds."---Steven A. Epstein, H-France Review"Ogilvie has re-galvanised the debate on guilds."---Richard Goddard, Medieval Archaeology"A learned and comprehensive study of an institution that stood at the heart of the European non-agricultural economy for over seven centuries."---Jan de Vries, EH.net"Ogilvie’s wide-ranging and scrutinous analysis of craft guilds is an essential and stimulating read for all scholars interested in guilds and institutions."---Arie van Steensel, Low Countries Journal of Social and Economic History"Ogilvie’s arguments are so well established in empirical terms, and so thoroughly designed, that all those who harbor more friendly attitudes toward guilds will have serious difficulties refuting her conclusions. . . . A unique contribution to the history of guilds.—Josef Ehmer, Renaissance Quarterly"

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Book SynopsisGDP is much more than a simple statistic. It has become the overarching benchmark of success and a powerful ordering principle at the heart of the global economy. But the convergence of major economic, social and environmental crises has exposed the flaws of our economic system which values GDP above all else as a measure of prosperity and growth. In this provocative and inspiring new book, political economist Lorenzo Fioramonti sets out his vision of a world after GDP. Focusing on pioneering research on alternative metrics of progress, governance innovation and institutional change, he makes a compelling case for the profound and positive transformations that could be achieved through a post-GDP system of development. From a new role for small business, households and civil society to a radical evolution of democracy and international relations, Fioramonti sets out a combination of top-down reforms and bottom-up pressures whose impact, he argues, would be unprecedented, making it possible to build a more equitable, sustainable and happy society.Trade Review "Fioramonti's critique of the limitations of GDP is extremely well constructed, highly appropriate and relevant."—Colin Crouch, University of Warwick, UK "What governments don't track today is often far more important than what they do because what we measure changes how we behave – and how we think. And changing what we think is essential if we are to build a more sustainable economic system. Read this fascinating and well-written book – and change the way you think!"—Graeme Maxton, Secretary General of the Club of Rome and bestselling author of The End of Progress "An original, comprehensive and compelling analysis of the problems with GDP and how to make the world better without it."—Robert Costanza, Australian National University and editor-in-chief of Solutions "A well-written and persuasive analysis of how to change the world by moving beyond the current narrow focus on GDP."—Herman Daly, founder of Ecological Economics and Emeritus Professor, University of Maryland "comprehensive, passionate and detailed overview" —Edoardo Campanella, International Affairs"Prof. Fioramonti’s The World After GDP is a very important study in helping us to understand the role of GDP in getting the world into its present condition, and what aspects of our understanding of GDP may help guide us through the coming era of great change. "—Defense & Foreign Affairs Table of ContentsContents Acknowledgements Figures and Tables Introduction Chapter 1 The making of a post-GDP world Chapter 2 The rise and fall of the GDP ideology Chapter 3 Post-GDP economy Chapter 4 Post-GDP politics Chapter 5 Post-GDP world Conclusion References

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Book SynopsisInfrastructure forms the economic backbone of modern society. It is a key determinant of economic competitiveness, social well-being and environmental sustainability. Yet infrastructure systems (energy, transport, water, waste and ICT) in advanced economies globally face serious challenges. For the first time, a leading team of researchers sets out a systematic approach to making long-term choices about national infrastructure systems. Great Britain is used as a case study to demonstrate how the methodologies and accompanying models can be effectively applied in a national infrastructure assessment. Lessons and insights for other industrialised nations and emerging economies are highlighted, demonstrating practical scenarios for delivering infrastructure services in a wide range of future socio-economic and environmental conditions. The Future of National Infrastructure provides practitioners, policy-makers, and academics with the concepts, models and tools needed to identify and test Table of ContentsList of contributors; Preface; Part I. A System-of-Systems Approach: 1. Introducing national infrastructure assessment Jim W. Hall, Robert J. Nicholls, Adrian J. Hickford and Martino Tran; 2. A framework for analysing the long-term performance of interdependent infrastructure systems Jim W. Hall, Alexander Otto, Adrian J. Hickford, Robert J. Nicholls and Martino Tran; Part II. Analysing National Infrastructure: 3. Future demand for infrastructure services Chris Thoung, Rachel Beaven, Chengchao Zuo, Mark Birkin, Peter Tyler, Douglas Crawford-Brown, Edward J. Oughton and Scott Kelly; 4. Energy systems assessment Pranab Baruah, Modassar Chaudry, Meysam Qadrdan, Nick Eyre and Nick Jenkins; 5. Transport systems assessment Simon P. Blainey and John M. Preston; 6. Water supply systems assessment Mike Simpson, Matthew C. Ives, Jim W. Hall and Chris G. Kilsby; 7. Wastewater systems assessment Lucy Manning, David W. Graham and Jim W. Hall; 8. Solid waste systems assessment Geoff V. R. Watson, Anne Stringfellow, William Powrie, David A. Turner and Jon Coello; 9. Digital communications and information systems Edward J. Oughton, Martino Tran, Cliff B. Jones and Razgar Ebrahimy; Part III. Integrative Perspectives for the Future: 10. Assessing the performance of national infrastructure strategies Martino Tran, Jim W. Hall, Robert J. Nicholls and Adrian J. Hickford; 11. Quantifying interdependencies: the energy-transport and water-energy nexus Martino Tran, Edward A. Byers, Simon P. Blainey, Pranab Baruah, Modassar Chaudry, Meysam Qadrdan, Nick Eyre and Nick Jenkins; 12. Analysing the risks of failure of interdependent infrastructure networks Raghav Pant, Scott Thacker, Jim W. Hall, Stuart Barr, David Alderson and Scott Kelly; 13. Database, simulation modelling and visualisation for national infrastructure assessment Stuart Barr, David Alderson, Matthew C. Ives and Craig Robson; 14. Governance of interdependent infrastructure networks Ralitsa Hiteva and Jim W. Watson; 15. The future of national infrastructure Jim W. Hall, Robert J. Nicholls, Martino Tran and Adrian J. Hickford; Index.

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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 SynopsisTrade ReviewA New York Times Bestseller Winner of the 2017 PROSE Award in U.S. History, Association of American Publishers #36 on Bloomberg's "50 Most Influential" List One of Financial Times (FT.com) Best Economics Books of 2016 One of Foreign Affairs' Editors' Picks 2016 One of The Economist's Economics and Business Books of the Year 2016 One of The Wall Street Journal's "The 20 Books That Defined Our Year" 2016 One of the Washington Post's Best Economics Books 2016 One of Bloomberg View's Great History Books of 2016 One of Bloomberg's Best Books of 2016 One of The New York Times 100 Notable Books of 2016 One of Kirkus Reviews Best Nonfiction Books of 2016 in History One of the Strategy+Business Best Business Books 2016 in Economy One of Bloomberg View's "Five Books to Change Conservatives' Minds," chosen by Cass Sunstein Shortlisted for the 2016 Financial Times and McKinsey Business Book of the Year Award One of The NewYorker.com Page-Turner blog's "The Books We Loved in 2016" Longlisted for the 2016 Cundill Prize in Historical Literature, McGill University "The Rise and Fall of American Growth... is the Thomas Piketty-esque economic must read of the year."--Rana Foroohar, Time "This is a book well worth reading--a magisterial combination of deep technological history, vivid portraits of daily life over the past six generations and careful economic analysis... [The Rise and Fall of American Growth] will challenge your views about the future; [and] it will definitely transform how you see the past."--Paul Krugman, New York Times Book Review "[An] authoritative examination of innovation through the ages."--Neil Irwin, New York Times "Robert Gordon has written a magnificent book on the economic history of the United States over the last one and a half centuries... The book is without peer in providing a statistical analysis of the uneven pace of growth and technological change, in describing the technologies that led to the remarkable progress during the special century, and in concluding with a provocative hypothesis that the future is unlikely to bring anything approaching the economic gains of the earlier period... If you want to understand our history and the economic dilemmas faced by the nation today, you can spend many a fruitful hour reading Gordon's landmark study."--William D. Nordhaus, New York Review of Books "Mr. Gordon uses exhaustive historic data to buttress his thesis."--Greg Ip, Wall Street Journal "[The Rise and Fall of American Growth] is full of wonder for the miraculous things that America has accomplished."--Edward Glaeser, Wall Street Journal "A masterful study to be read and reread by anyone interested in today's political economy."--Kirkus "Normally, these kinds of big-think books end with a whimper, as the author totally fails to identify solutions to the problem he is writing about. But Gordon's conclusion offers some admirably definitive policy advice."--Matthew Yglesias, Vox "Magnificent... Gordon presents his case... with great style and panache, supporting his argument with vivid examples as well as econometric data... Even if history changes direction... this book will survive as a superb reconstruction of material life in America in the heyday of industrial capitalism."--Economist "Every presidential candidate should be asked what policies he or she would offer to increase the pace of U.S. productivity growth and to narrow the widening gap between winners and losers in the economy. Bob Gordon's list is a good place to start."--David Wessel, WSJ.com's Think Tank blog "[W]hat may be the year's most important book on economics has already been published... What Gordon has provided is not a rejection of technology but a sobering reminder of its limits."--Robert Samuelson, Washington Post "Robert Gordon's The Rise and Fall of American Growth is an extraordinary work of economic scholarship... Moreover, this is one of the rare economics books that is on the one hand deeply analytical ... And on the other a pleasure to read... [A] landmark work."--Lawrence Summers, Prospect "Ambitious... The hefty tome, minutely detailed yet dauntingly broad in scope, offers a lively portrayal of the evolution of American living standards since the Civil War."--Eduardo Porter, New York Times "Two years ago a huge book on economics took the world by storm. Thomas Piketty's Capital in the Twenty-First Century ... became a surprise bestseller... Robert Gordon's tome on American economic growth stretches to 768 pages and its central message is arguably more important."--David Smith, Sunday Times "A landmark new book."--Gavin Kelly, The Guardian "Looking ahead, judging presidents by policies rather than outcomes may be all the more important. In a new book, The Rise and Fall of American Growth, the economist Robert Gordon argues that we are in the midst of an era of meager technological change. Yes, we now have smartphones and Twitter, but previous generations introduced electric lighting, indoor plumbing and the internal combustion engine. In Mr. Gordon's view, technological change is just not what it used to be, and we had better get used to slower growth in productivity and incomes."--N. Gregory Mankiw, New York Times "The Rise and Fall of American Growth is likely to be the most interesting and important economics book of the year. It provides a splendid analytic take on the potency of past economic growth, which transformed the world from the end of the nineteenth century onward... Gordon's book serves as a powerful reminder that the U.S. economy really has gone through a protracted slowdown and that this decline has been caused by the stagnation in technological progress."--Tyler Cowen, Foreign Affairs "[A]n important new book."--Martin Ford, Huffington Post "[A] lightning bolt of a new book."--Harold Meyerson, The American Prospect "So powerful and intriguing are the facts and arguments marshaled by Gordon that even informed critics who think he is wrong recommend that readers plow through his The Rise and Fall of American Growth, with its 60 graphics and 64 tables spread over more than 700 pages. You don't need to be an economist to appreciate or understand the book. His thesis is straightforward."--David Cay Johnston, Al Jazeera America.com "What is novel about Gordon's approach to this problem is that he doesn't try to find political causes for our economic woes... [E]xhaustive and sweeping in scope, and novel in its thinking about growth."--Chris Matthews, Fortune.com "[A] fascinating new book."--Jeffrey Sachs, Boston Globe "One of the most important books of recent years... Powerful and impressive."--Cass R. Sunstein, Bloomberg View "This is a tremendous, sobering piece of research, which does a lot to explain the febrile, nervous state of modern Western democracies."--Marcus Tanner, The Independent "A new book by economist Robert Gordon--The Rise and Fall of American Growth--is causing quite a stir."--City A.M. "If he's right, and one links this with growing income inequality, our would-be leaders will have difficulty in making the case for achieving the American dream through steady incremental progress achieved through collaboration and political compromise."--Michael Hoffmann, Desert Sun "Robert Gordon's new book on productivity in the U.S. economy, The Rise and Fall of American Growth, is masterful... Gordon skillfully lays out myriad information about the history and trends of productivity. One can learn a great deal."--Edward Lotterman, St. Paul Pioneer Press "[I]mpressive."--Peter Martin, Sydney Morning Herald "In his unsettling new book, Gordon, who teaches at Northwestern, weighs in on the role of technology in the U.S. over the past century-and-a-half. He does so forcefully, so forcefully, in fact, as to wipe the smiles off the faces of most techno-optimists, myself included."--Peter A. Coclanis, Charlotte Observer "[A] thoughtful new book."--David D. Haynes, Milwaukee Journal Sentinel "[The Rise and Fall of American Growth] is this year's equivalent to Thomas Piketty's Capital in the 21st Century: an essential read for all economists, who are unanimously floored by its boldness and scope even if they don't agree with its conclusions."--Adam Davidson, New York Times Magazine "Gordon makes a compelling case for why the era of fast growth in America ended around 1970 and will not return in the foreseeable future, if ever."--Dick Meyer, DecodeDC "Gordon argues that we are not going to get another surge soon and that there are several headwinds that are going to work against faster growth, including income inequality, education as a differentiator and not an equalizer, the debt overhang, and demography."--John Mason, TheStreet.com "[The Rise and Fall of American Growth] challenges every political claim, and every pundit's remedy, regarding how to get the lackluster American economy to boom again in the decades ahead, as it once did a half-century or more ago... [The book] represents the culmination of Gordon's many years of investigation into this key economic question of our age, namely: 'Why is it that the American economy has never been able to return to the happy boom years of our grandparents' time?' Why is it that, decade after decade, administration after administration, annualized productivity growth has only been about one-half to one-third that of the age of Truman and Eisenhower?"--Paul Kennedy, Tribune Content Agency "[M]asterful... Gordon skillfully lays out information about the history and trends of productivity. One can learn a great deal... The Rise and Fall of American Growth is a rare example of a work with solid economics that can be understood, and enjoyed, by nearly any lay person."--Ed Lotterman, Idaho Statesman "As an economic historian, Gordon is beyond reproach."--Edward Luce, Financial Times "Provocative."--Associated Press "The Rise and Fall of American Growth, is a deep dive into the past with an eye to the future... [The book] is part of a fascinating debate about future prospects for the American economy."--Knowledge@Wharton "[The Rise and Fall of American Growth] has set the wonky world of economics aflame."--Ryan Craig, TechCrunch "Magisterial."--John Kay, Financial Times "[A] contentious new book."--Margaret Wente, The Globe & Mail "[A] fabulous new book... [I]mpressive."--Dr. Mike Walden, Morganton News Herald "Northwestern Bob Gordon's new book, The Rise and Fall of American Growth, offers a deeper explanation for the underlying mechanics behind slowed economic growth."--Jon Hartley, Forbes.com "So much of what the presidential candidates and the American people want to accomplish over the next four years and beyond depends on the U.S. economy growing faster, and more inclusively, than it has in recent years. This year's hot economics book, The Rise and Fall of American Growth, by one of America's most distinguished macroeconomists, Robert Gordon, casts a pall on whether this is possible, arguing that the U.S. had a golden century of increasing innovation from roughly 1870 to 1970, but this was unique."--Robert Litan, Fortune.com "Gordon's book offers the definitive account of how the many technological innovations between 1870 and 1940 dramatically improved life in the United States."--Richard A. Epstein, Hoover Institution's Defining Ideas blog "[M]agiserial... The Northwestern University professor lays out the case that the productivity miracle underlying the American way of life was largely a one-time deal."--Matt Phillips, Quartz "Robert Gordon's new book The Rise and Fall of American Growth has taken the economics world by storm this winter."--Myles Udland, Business Insider "[M]assive."--Ben Casselman, FiveThirty Eight "[G]roundbreaking."--Zeeshan Aleem, Mic "With a painstaking--and fascinating--historical analysis of American productivity, [Gordon] argues that the innovations of today pale in comparison to earlier in our history and that we might actually be entering a period of prolonged stagnation. He may very well be right."--Greg Satell, Forbes.com "[P]rovocative."--Barrie McKenna, The Globe & Mail "[I]nfluential."--Martin Neil Baily, Fortune.com "[A] stimulating book."--George Will, Washington Post "Compulsive reading."--Andrew Hilton, Financial World "Gordon is not an alarmist, far from it. His is a sober voice of concern, of caution, which needs to be heard by those in the helm in America. And a fascinating lesson for ambitious and growing countries like India."--Dr R Balashankar, Sunday Guardian "[A] fascinating convergence of green and mainstream thought."--Tom Horton, Chesapeake Bay Journal "[T]his panoramic book makes good reading."--Shane Greenstein, Harvard Magazine "The book's great contribution is the tapestry it weaves of all the innovations that changed most Americans' lives beyond recognition in the century from 1870 to 1970."--Martin Sandbu, Financial Times "The Rise and Fall of American Growth is unquestionably an important book that raises fundamental questions about the United States' economy and society."--New Criterion "[A] masterpiece."--Martin Wolf, Financial Times "[An] impressive book... Gordon's book provides sufficient ammunition to show the colossal problems facing capitalism."--Socialism Today "Rich with detailed information, meticulous observations, and even anecdotes and stories ... a fascinating read."--Ricardo F. Levi, Corriere della Sera "The Rise and Fall of American Growth is essential reading for anyone interested in economics."--Choice "In an important new book, economist Robert Gordon makes the case for pessimism. He believes that technologies like smartphones, robots, and artificial intelligence aren't going to have the kind of big impact on the economy that earlier inventions--like the internal combustion engine and electricity--did."--Timothy B. Lee, Vox "Robert Gordon has written an engaging economic-based history of America... Gordon is to be commended for helping to stimulate a national debate on the current low level of economic productivity."--Allan Hauer, Innovation: The Journal of Technology & Commercialization "If you want to see how far we have come and how tough life was a century and a half ago, read Gordon's book."--David R. Henderson, Regulation "A fantastic read."--Bill Gates, GatesNotes "The book is well written, and one can only be in awe of Gordon's mastery of the factual history of the American standard of living."--Robert A. Margo, EH.net "Monumental."--John Cassidy, NewYorker.com "Zeitgeist-defining."--Myles Udland, Business Insider "[A] magisterial treatise."--Nick Gillespie, Reason.com "[A]n essential read for anyone interested not only in US economic history but also American economic prospects ... a tremendous achievement."--Diane Coyle, Enlightened Economist "A comprehensive history of American economic growth."--Eric Rauchway, American Prospect "Professor Robert J. Gordon's The Rise and Fall of American Growth is a magisterial volume that will benefit any serious student of economics, demographics or history."--Wendell Cox, New Geography "A wonderful new book."--Jeff Sachs, Boston Globe "The most important economics book of 2016."--Steve Chapman, Chicago Tribune "This spectacular history traces the rise and the plateau of the American economy since industrialization."--Jay Weiser, Weekly Standard "[A] landmark book... An impressive history of how the American people progressed in their standards of living and productivity in the 'golden century' of 1870-1970."--Stephen M. Millett, Strategy & Leadership "Gordon's encyclopedic The Rise and Fall of American Growth, a new history of modern U.S. economic life, [is] perhaps the best yet written."--Jonathan Levy, Dissent "One of our greatest economic historians... Gordon's exhaustive research program ... has knocked me back on my intellectual heels."--J. Bradford DeLong, Strategy + Business "This is the most important book on economics in many years."--Martin Wolf, Financial Times "Robert Gordon's The Rise and Fall of American Growth set out a thesis of technological diminishing returns that does much to explain an age of economic pessimism."--Lorien Kite, Financial Times "In the course of Gordon's book, a vivid picture of everyday life as our parents, grandparents, and great-grandparents lived it emerges... What lingers in my mind, alongside these ideas, is a new, weightier sense of the past, and of what the people who lived in it ate, touched, heard, saw, and did. Reading The Rise and Fall of American Growth, I thought a lot about my grandparents. Gordon's book has made their lives more real to me."--Joshua Rothman, NewYorker.com's Page-Turner blog "Magisterial... While the book has gotten attention because of its bold projection of slow growth in the future, this is actually just one small element of a magnificent and detailed presentation of how our economy has changed since 1870. Most people don't fully appreciate what life was like in the past and Gordon gives a blow-by-blow description of how people lived in America from 1870 on. In addition, he carefully explains how each new innovation was created and how its adoption changed people's lives."--Stephen Rose, Democracy: A Journal of Ideas "Gordon constructs a strong case using conventional economic principles and exacting data measurement."--Don Pittis, CBC News "Gordon's genius is to weave together economic history with the story of the technology, know-how, politic, demographics and medicine that made the astonishing progress of the US perhaps the most remarkable ever."--Sean O'Grady, The Independent

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Book SynopsisTrade Review"Winner of the Myrna F. Bernath Book Award, Society for Historians of American Foreign Relations""Meyerowitz's narrative puts into dialogue the usually separate histories of development doctrine, post-1960s leftism, global feminism, and the economics of microcredit. . . . A War on Global Poverty fills an important gap in the literature."---Nils Gilman, Journal of American History"Joanne Meyerowitz’s A War on Global Poverty: The Lost Promise of Redistribution and the Rise of Microcredit makes clear that the US welfare state has always had an international dimension. We can’t understand how the social safety net eroded without examining its reach abroad."---Maia Silber, Chicago Review"Meyerowitz rightly foregrounds the significance of gendered notions of uplift and empowerment in remaking international aid." * Boston Review *

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Book SynopsisCovering pertinent areas of sustainable and responsible investment (SRI) this forward-looking book examines SRI in developing markets including its evolution, principles and concepts. It explores the drivers and challenges in developing economies and analyses the theoretical underpinnings to critical issues pertaining to SRI.This timely book investigates investment strategies and philosophies that attempt to incorporate environmental, social and governance (ESG) concerns into investment decision-making. In turn it provides an in-depth review of a number of different motivations for SRI, including: personal values and goals, institutional missions, and the demands of clients, constituents or plan participants. Sustainable and Responsible Investment in Developing Markets further defines how to integrate ESG issues into investment portfolios, looking to sustainable and responsible investors with a focus on financial performance, who believe in using these investments to promote ESG practices.With a focus on sustainability in relation to business and investment, this expansive book will be a useful guide for finance, business, environment, geography and innovation students, and researchers, practitioners, and policymakers interested in understanding sustainable and responsible investment, specifically for developing countries.Trade Review‘This edited book provides a rich and comprehensive examination of sustainable and responsible investment in developing countries. The book fills many gaps in existing books on investments in developing economies. I strongly recommend the book to everyone interested in responsible investments.’ -- Robert Lensink, University of Groningen, the Netherlands‘This edited volume presents an excellent contribution to the emerging area of sustainable and responsible investment (SRI), especially as it focuses on developing countries. It is a useful resource for researchers, policymakers, international development agencies, practitioners and university students. It presents an encyclopedic coverage of the main issues on SRI. I am glad to endorse this book and recommend it to everyone interested in understanding SRI in developing economies.’ -- Victor Murinde, SOAS University of London, UK‘At a time when issues pertaining to sustainable and ethical investment are assuming increasing global priority, this book could not be more relevant. Focusing on sustainable and responsible investment (SRI) in developing economies, the book fills a gap in the development and finance literatures with expert and incisive analysis of the relevance of SRI to sectors such as banking, insurance, energy, tourism and agriculture. It will prove to be an essential resource for investors and policymakers as well as everyone else who is concerned about how private investment can be aligned with environmental sustainability and social objectives. I strongly recommend it.’ -- Roy Sudharshan Canagarajah, World BankTable of ContentsContents: PART I OVERVIEW OF SUSTAINABLE AND RESPONSIBLE INVESTMENT 1 Introduction to Sustainable and Responsible Investment in Developing Markets 2 Joshua Yindenaba Abor PART II SUSTAINABLE AND RESPONSIBLE INVESTMENT: EVOLUTION, PRINCIPLES AND IMPACT 2 Evolution, principles and concepts of sustainable and responsible investment 12 Joshua Yindenaba Abor, Benjamin Agyeman and Mary Wamaitha 3 Drivers and challenges of sustainable and responsible investment in developing economies 36 Lordina Amoah, Dennis Venunye Hehetror, Richard Kotey and Olagunju Ashimolowo 4 Impact investing in developing markets 50 Zubeiru Salifu, Joshua Yindenaba Abor, Mabouba Diagne and Elizabeth Muthuma 5 Investing for impact on the African continent: an overview 73 Xolisa Dhlamini and Stephanie Giamporcaro PART III LONG-TERM RESPONSIBLE INVESTMENT, GOVERNANCE, FIDUCIARY CAPITALISM AND SUSTAINABLE DEVELOPMENT 6 Long-term responsible investment and corporate social responsibility 91 Paul Terna Gbahabo, Lwanga Elizabeth Nanziri and Tendayi Chapoto 7 Corporate governance and sustainability ethics in developing countries 115 George Nana Agyekum Donkor, Daniel Ofori-Sasu, Thankom Arun and Joshua Yindenaba Abor 8 The rise of fiduciary capitalism in developing countries 128 Michelle Filson and Joshua Yindenaba Abor 9 Sustainable development: conceptual and theoretical insights in the Global South 141 Asaah Sumaila Mohammed, Dede Woade Gafa and Raymond Aitibasa Atanga PART IV FINANCE AND SUSTAINABILITY 10 Sustainable financing in developing economies 159 Mumbi Maria Wachira, Khadijah Iddrisu, Gifty Abban and Joshua Yindenaba Abor 11 Environmental and climate finance in developing countries 172 Mawuena Akosua Cudjoe, Joshua Yindenaba Abor and Jako Volschenk 12 Sustainable banking in developing economies 190 Janet Talata Abor, Joshua Yindenaba Abor and Ahmad Hassan Ahmad 13 Sustainable risk financing and insurance in developing markets 204 Joshua Yindenaba Abor, Margaret Asare, Susana Yamoah, Gideon Ataraire and Abdul Latif Alhassan 14 Sustainable private equity and venture capital in developing economies 220 Elikplimi Komla Agbloyor, Isaac Kofi Bekoe and Joshua Yindenaba Abor 15 Crowdfunding and sustainable enterprises in developing markets 234 George Acheampong, Alex Akpabli and Joshua Yindenaba Abor PART V SECTOR-SPECIFIC SUSTAINABLE AND RESPONSIBLE INVESTMENT 16 Sustainable tourism in Africa 245 Kobby Mensah, Eunice Fay Amissah and Noel Nutsugah 17 Sustainable real estate investment and finance in developing economies: challenges and opportunities 262 Frank K. Ametefe, Precious A. Brenni and François Viruly 18 Sustainable and responsible agricultural investment in developing countries 285 Haruna Issahaku, Paul Kwame Nkegbe and Jeremiah Ogaga Ejemeyovwi 19 Sustainable and responsible mining investment in developing economies 304 Benjamin Nii Ayi Aryee, Hudson Mtegha and Michael Sandow Ali 20 Sustainable and responsible energy investment in developing economies 321 Benjamin Agyeman, Joshua Yindenaba Abor and Amin Karimu PART VI SUSTAINABLE AND RESPONSIBLE INVESTMENT PORTFOLIO CONSTRUCTION AND SUSTAINABLE VALUATION 21 Sustainable and responsible investment and asset selection 347 William Coffie, Vera Ogeh Fiador and Abacha Isa 22 Valuation of sustainable investment 363 Emmanuel Acheampong-Bonsu, Jackie Wolgast and Teddy Ossei Kwakye PART VII EMERGING TRENDS AND REGULATION OF SUSTAINABLE AND RESPONSIBLE INVESTMENT 23 COVID-19 pandemic and sustainable and responsible development: agenda for reform and prevention of another crisis 382 Michael Effah Asamoah, Emmanuel Joel Aikins Abakah and Lungile Ntsalaze 24 Regulation of sustainable and responsible investment in developing countries 396 Bright Kojo Tsikata, Lordina Amoah and Joshua Ogwal Index

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Book SynopsisHoracio Ortiz provides a critical analysis of the social institutions and practices that produce and regulate stock pricing and valuation. Drawing on ethnographic fieldwork conducted among financial professionals in New York and Paris, this book shows how the political imaginaries that underpin financial markets legitimize global inequalities.Trade ReviewIt is a cause for celebration that this gem of a book is finally coming out in English and in an updated version. A real gift to the reader, The Everyday Practice of Valuation and Investment offers both a thick ethnographic description of the moral worlds of the people who inhabit the financial industry and a rich conceptual apparatus to develop a rigorous 'political anthropology' of global finance. -- Marion Fourcade, author of Economists and Societies: Discipline and Profession in the United States, Britain, and France, 1890s to 1990sSince fieldwork two decades ago, Ortiz has studied and taught in schools of finance. He now researches and teaches the anthropology of finance in China. His empirical observations are fresh and sharp, but his philosophical clarity is outstanding. Market prices do not measure the truth of finance, and its workers’ imaginaries miss out most of humanity. Consequently, global distributive justice is ignored, and the financial crisis is permanent. -- Keith Hart, author of Self in the World: Connecting Life's ExtremesThis book displays Ortiz’s distinctive combination of hugely skilled fieldwork and theoretical sophistication. Here, for the first time, the insights of this subtle thinker are laid out in full for Anglophone readers. Ortiz’s politically inflected anthropology of finance throws vital new light on everyday practices that profoundly shape today’s world. -- Donald MacKenzie, author of Trading at the Speed of Light: How Ultrafast Algorithms Are Transforming Financial MarketsThis book still has something important to teach us. Personal, ethical and political imaginaries are at the core of how finance works – we need to take them seriously to understand, critique and influence the financial system. * LSE Review of Books *Table of ContentsAcknowledgmentsIntroduction1. The Organizational Space of Financial Value2. Valuation as a Personal Opinion3. The Truth of Value as the Result of Efficient Markets4. Financial Value as Political AssemblageConclusionBibliographyNotesIndex

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Book SynopsisProtracted economic crises, accelerating inequalities, and increased resource scarcity present significant challenges for the majority of Africa's urban population. Limited state capacity and widespread infrastructure deficiencies common in cities across the continent often require residents to draw on their own resources, knowledge, and expertise to resolve these life and livelihood dilemmas. DIY Urbanism in Africa investigates these practices. It develops a theoretical framework through which to analyze them, and it presents a series of case studies to demonstrate how residents invent new DIY tactics and strategies in response to security, place-making, or economic problems. This book offers a timely critical intervention into literatures on urban development and politics in Africa. It is valuable to students, policymakers, and urban practitioners keen to understand the mechanisms and political implications of widespread dynamics now shaping Africa's expanding urban environments.Trade ReviewThis lively and important new collection pushes the study of the politics of urban development in African cities in to new terrain. A must-read for students of the African city. * Claire Mercer, London School of Economics, UK *Table of ContentsIntroduction Part I: Conceptual Framing 1. DIY Urbanisms Old and New 2. DIY Urbanism in Distressed Cities in Africa 3. Reconnaissance Discourse of DIY and Urban Living in Nigeria 4. DIY Urbanism in an African Context and its Potential as a Collaborative Placemaking Tool for Bridging Africa’s Urban Infrastructure Deficit Part II: Case Studies 5. Political Economy of Community-led Security Provisioning in Urban Africa 6. The Production of Urban Space through Multi-scaled Political Networks in Lagos, Nigeria 7. Historicizing Precarity and DIY Urbanism in Accra, Ghana 8. Exploring Street Informality as Design Method: Experiences from Nigerian and Ghanaian Cities 9. Self-made Urbanism Handbook: The Case of Freetown, Sierra Leone 10. Resistance or Utopia? DIY Eco-communities in Durban, South Africa 11. Disability and Urbanism in Malawi 12. DIY Urbanism in Boom and Bust: a Perspective from Africa’s Copperbelt Conclusion

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Book SynopsisPresents a unified theory of economic growth since the dawn of civilization. This title provides a comprehensive overview of the three phases of the development process. It analyzes the Malthusian theory and its empirical support. It examines theories of demographic transition and their empirical significance.Trade ReviewOne of Choice's Outstanding Academic Titles for 2011 "Galor is the founder of unified growth theory. The theory seeks to uncover the principal forces behind the world's transition from the subsistence livelihoods experienced by early antecessors to the exponential increases in living standards that came with the Industrial Revolution... This book is a must for anyone interested in economic growth."--Choice "Galor provides a mass of data and theory that may help to frame the role of education in creating economic sustainability."--Josephine Gatti, International Social Science Review "[T]he contribution to economic science provided by Oded Galor poses an intellectual challenge for more general macroeconomic models ... which still need to provide comprehensive and endogenous explanations regarding the radical changes that affected the world economy in the aftermath of the economic and financial crisis."--Gianfranco Di Vaio, Journal of European and Economic History "This volume must be highly recommended to anyone interested in economic growth and comparative development."--Christopher Bliss, European LegacyTable of ContentsPreface xv CHAPTER 1: Introduction 1 1.1 Toward a Unified Theory of Economic Growth 3 1.2 Origins of Global Disparity in Living Standards 6 1.2.1 Catalysts for the Engine of Transition from Stagnation to Growth 6 1.2.2 Persistence of Prehistorical Biogeographical Conditions 7 1.2.3 Convergence Clubs 8 CHAPTER 2: From Stagnation to Growth 9 2.1 The Malthusian Epoch 10 2.1.1 Stagnation of Income per Capita in the Long Run 11 2.1.2 Population Dynamism 12 2.1.3 Fertility and Mortality 14 2.1.4 Fluctuations in Income and Population 15 2.1.5 Technological Progress 16 2.1.6 Main Characteristics of the Epoch 17 2.2 The Post-Malthusian Regime 17 2.2.1 Take-off in Income per Capita 18 2.2.2 Spike in Population Growth 18 2.2.3 Fertility and Mortality 23 2.2.4 Industrialization and Urbanization 25 2.2.5 Globalization and the Pace of Industrialization 27 2.2.6 Central Features of the Regime 29 2.3 Industrialization and Human Capital Formation 30 2.3.1 Industrial Demand for Education 31 2.3.2 Land Concentration and Human Capital Formation 37 2.3.3 Land Reforms and Education Reforms 39 2.3.4 Political and Education Reforms 42 2.3.5 Human Capital Formation in Less Developed Economies 45 2.3.6 Main Insights 45 2.4 The Demographic Transition 46 2.4.1 Decline in Population Growth 46 2.4.2 Fertility Decline 49 2.4.3 Mortality Decline 51 2.4.4 Life Expectancy 52 2.4.5 Central Characteristics 54 2.5 The Modern Growth Regime 55 2.5.1 Rapid Industrialization and Human Capital Formation 55 2.5.2 Sustained Growth of Income per Capita 57 2.5.3 Divergence in Income and Population across the Globe 57 2.5.4 Insights for Comparative Development 64 2.6 Concluding Remarks 65 CHAPTER 3: The Malthusian Theory 67 3.1 The Basic Structure of the Model 68 3.1.1 Production 69 3.1.2 Preferences and Budget Constraints 69 3.1.3 Optimization 70 3.2 The Evolution of the Economy 70 3.2.1 Population Dynamics 70 3.2.2 The Time Path of Income per Worker 72 3.3 Testable Predictions 74 3.4 Empirical Framework 74 3.4.1 Empirical Strategy 74 3.4.2 The Data 77 3.4.3 The Neolithic Revolution and Technological Advancement 78 3.4.4 Basic Regression Model 79 3.5 Cross-Country Evidence 80 3.5.1 Population Density in 1500 CE 81 3.5.2 Population Density in Earlier Historical Periods 86 3.5.3 Income per Capita versus Population Density 92 3.5.4 Effect of Technological Sophistication 96 3.5.5 Robustness to Technology Diffusion and Geographical Features 103 3.5.6 Rejection of Alternative Theories 105 3.6 Concluding Remarks 108 3.7 Appendix 110 3.7.1 First-Stage Regressions 110 3.7.2 Variable Definitions and Sources 110 CHAPTER 4: Theories of the Demographic Transition 115 4.1 The Rise in Income per Capita 116 4.1.1 The Theory and Its Testable Predictions 116 4.1.2 The Evidence 118 4.2 The Decline in Infant and Child Mortality 120 4.2.1 The Central Hypothesis 120 4.2.2 Evidence 121 4.3 The Rise in Demand for Human Capital 123 4.3.1 The Theory 125 4.3.2 Evidence: Education and the Demographic Transition 127 4.3.3 Quantity-Quality Trade-off in the Modern Era 129 4.4 The Rise in Demand for Human Capital: Reinforcing Mechanisms 130 4.4.1 The Decline in Child Labor 131 4.4.2 The Rise in Life Expectancy 131 4.4.3 Evolution of Preferences for Offspring Quality 132 4.5 The Decline in the Gender Gap 132 4.5.1 The Theory and Its Testable Predictions 133 4.5.2 The Evidence 135 4.6 The Old-Age Security Hypothesis 136 4.7 Concluding Remarks 136 4.8 Appendix 138 4.8.1 Optimal Investment in Child Quality 138 4.8.2 Optimal Investment in Child Quantity 139 CHAPTER 5: Unified Growth Theory 140 5.1 The Fundamental Challenge 142 5.2 Incompatibility of Non-Unified Growth Theories 143 5.2.1 The Malthusian Theory 143 5.2.2 Theories of Modern Economic Growth 145 5.3 Central Building Blocks 146 5.3.1 The Malthusian Elements 147 5.3.2 Engines of Technological Progress 147 5.3.3 The Origin of Human Capital Formation 148 5.3.4 The Trigger of the Demographic Transition 148 5.4 The Basic Structure of the Model 149 5.4.1 Production of Final Output 149 5.4.2 Preferences and Budget Constraints 150 5.4.3 Production of Human Capital 151 5.4.4 Optimization 152 5.5 Evolution of Technology, Population, and Effective Resources 155 5.5.1 Technological Progress 155 5.5.2 Population 155 5.5.3 Effective Resources 156 5.6 The Dynamical System 156 5.6.1 The Dynamics of Technology and Education 157 5.6.2 Global Dynamics 161 5.7 From Malthusian Stagnation to Sustained Growth 164 5.8 Main Hypotheses 166 5.9 Complementary Mechanisms 170 5.9.1 Sources of Human Capital Formation 170 5.9.2 Triggers of the Demographic Transition 171 5.9.3 Engines of Technological Progress 172 5.9.4 The Transition from an Agricultural to an Industrial Economy 172 5.10 Calibrations of Unified Growth Theory 174 5.11 Concluding Remarks 177 5.12 Appendix: Optimal Investment in Child Quality 178 CHAPTER 6: Unified Growth Theory and Comparative Development 179 6.1 Country-Specific Characteristics and the Growth Process 182 6.1.1 Factors Contributing to Technological Progress 183 6.1.2 Reinforcing Elements in Human Capital Formation 185 6.1.3 The Dynamics of Technology and Education 187 6.2 Variation in Technological Progress and Comparative Development 189 6.3 Variation in Human Capital and Comparative Development 191 6.3.1 The Emergence of Human Capital--Promoting Institutions 193 6.3.2 Globalization and Divergence 198 6.4 Persistence of Deeply Rooted Biogeographical Factors 208 6.4.1 The Neolithic Revolution and Comparative Development 208 6.4.2 The Out-of-Africa Hypothesis and Comparative Development 217 6.5 Multiple Growth Regimes and Convergence Clubs 226 6.6 Concluding Remarks 229 CHAPTER 7: Human Evolution and the Process of Development 232 7.1 Natural Selection and the Origins of Economic Growth 233 7.2 Primary Ingredients 235 7.2.1 The Darwinian Elements 235 7.2.2 The Malthusian Components 237 7.2.3 Determinants of Technological Progress and Human Capital Formation 237 7.2.4 The Trigger of the Demographic Transition 238 7.3 The Basic Structure of the Model 238 7.3.1 Production of Final Output 239 7.3.2 Preferences and Budget Constraints 240 7.3.3 Production of Human Capital 241 7.3.4 Optimization 242 7.3.5 Distribution of Types and Human Capital Formation 246 7.3.6 Time Path of the Macroeconomic Variables 249 7.4 The Dynamical System 254 7.4.1 Conditional Dynamics of Technology and Education 254 7.4.2 Conditional Dynamics of Technology and Effective Resources 259 7.4.3 Conditional Steady-State Equilibria 260 7.4.4 Human Evolution and the Transition from Stagnation to Growth 261 7.5 Failed Take-off Attempts 265 7.6 Main Hypotheses and Their Empirical Assessment 266 7.7 Complementary Mechanisms 269 7.7.1 Evolution of Entrepreneurial Spirit and Economic Growth 270 7.7.2 Evolution of Life Expectancy and Economic Growth 273 7.8 Concluding Remarks 278 7.9 Appendix 279 7.9.1 Conditional Dynamics of Technology and Education 279 7.9.2 Conditional Dynamics of Technology and Effective Resources 280 CHAPTER 8: Concluding Remarks 285 References 289 Name Index 311 Subject Index 317

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Book SynopsisTrade ReviewIt seems safe to say that Capital in the Twenty-First Century, the magnum opus of the French economist Thomas Piketty, will be the most important economics book of the year—and maybe of the decade. -- Paul Krugman * New York Times *The book aims to revolutionize the way people think about the economic history of the past two centuries. It may well manage the feat. * The Economist *Piketty’s Capital in the Twenty-First Century is an intellectual tour de force, a triumph of economic history over the theoretical, mathematical modeling that has come to dominate the economics profession in recent years. -- Steven Pearlstein * Washington Post *Piketty has written an extraordinarily important book…In its scale and sweep it brings us back to the founders of political economy. -- Martin Wolf * Financial Times *A sweeping account of rising inequality…Piketty has written a book that nobody interested in a defining issue of our era can afford to ignore. -- John Cassidy * New Yorker *Stands a fair chance of becoming the most influential work of economics yet published in our young century. It is the most important study of inequality in over fifty years. -- Timothy Shenk * The Nation *At a time when the concentration of wealth and income in the hands of a few has resurfaced as a central political issue, Piketty doesn’t just offer invaluable documentation of what is happening, with unmatched historical depth. He also offers what amounts to a unified field theory of inequality, one that integrates economic growth, the distribution of income between capital and labor, and the distribution of wealth and income among individuals into a single frame…Piketty has transformed our economic discourse; we’ll never talk about wealth and inequality the same way we used to. -- Paul Krugman * New York Review of Books *The most remarkable work of economics in recent years, if not decades…The discipline of economics, Piketty argues, remains trapped in a juvenile passion for mathematics, divorced from history and its sister social sciences. His work aims to change that. -- Nick Pearce * New Statesman *Magnificent…Even though it is a work more concerned with the past 200 years, it’s no coincidence that the full title of Piketty’s book is Capital in the Twenty-First Century. Its ambition is to shape debates about the next two centuries, not the past two. And in that it may succeed. -- Christopher Croke * The Australian *Piketty’s ground-breaking work on the historical evolution of income distribution is impressive…One of the best economic books in decades. -- Paul Sweeney * Irish Times *[Piketty] is just about to emerge as the most important thinker of his generation…He demonstrates that there is no reason to believe that capitalism can ever solve the problem of inequality, which he insists is getting worse rather than better. From the banking crisis of 2008 to the Occupy movement of 2011, this much has been intuited by ordinary people. The singular significance of his book is that it proves ‘scientifically’ that this intuition is correct. This is why his book has crossed over into the mainstream—it says what many people have already been thinking. -- Andrew Hussey * The Observer *The strength of Piketty’s book is his close attention to the different sources of inequality, the massive documentation underpinning his history and conclusions, and his impressive culls from sociology and literature, which exhibit the richness of ‘political economy’ compared to its thin mathematical successor that has attained such prominence…A timely intervention in the current debate about inequality and its causes. -- Robert Skidelsky * Prospect *A monumental book that will influence economic analysis (and perhaps policymaking) in the years to come. In the way it is written and the importance of the questions it asks, it is a book the classic authors of economics could have written if they lived today and had access to the vast empirical material Piketty and his colleagues collected. -- Branko Milanovic * American Prospect *This book has all the makings of a classic. It has already changed the way economists think about inequality. One hopes that these ideas will percolate into the chambers of policy-makers in governments and lending institutions and bring about changes in their policies to reduce inequality. -- K. Subramanian * The Hindu *Piketty’s book is revolutionary…[His] multi-century portrait of wealth and income obliterates economists’ complacent narratives…We are still seeking an economy that is both vibrant and humane, where mutual advantage is real and mutual aid possible. The one we have isn’t it. -- Jedediah Purdy * Los Angeles Review of Books *Piketty demonstrates in terrifying detail, with painstaking statistical research, that free-market capitalism, in the absence of major state redistribution, produces profound economic inequalities. -- Michael Robbins * Chicago Tribune *An extraordinary sweep of history backed by remarkably detailed data and analysis…Piketty’s economic analysis and historical proofs are breathtaking. -- Robert B. Reich * The Guardian *Piketty’s treatment of inequality is perfectly matched to its moment. Like [Paul] Kennedy a generation ago, Piketty has emerged as a rock star of the policy-intellectual world…But make no mistake, his work richly deserves all the attention it is receiving…By focusing attention on what has happened to a fortunate few among us, and by opening up for debate issues around the long-run functioning of our market system, Capital in the Twenty-First Century has made a profoundly important contribution. -- Lawrence H. Summers * Democracy *What makes Thomas Piketty’s Capital in the Twenty-First Century such a triumph is that it seems to have been written specifically to demolish the great economic shibboleths of our time…Piketty’s magnum opus. -- Thomas Frank * Salon *Capital reflects decades of work in collecting national income data across centuries, countries, and class, done in partnership with academics across the globe. But beyond its remarkably rich and instructive history, the book’s deep and novel understanding of inequality in the economy has drawn well-deserved attention…The book is an attempt to ground the debate over inequality in strong empirical data, put the question of distribution back into economics, and open the debate not just to the entirety of the social sciences but to people themselves. -- Mike Konczal * Boston Review *[A] 700-page punch in the plutocracy’s pampered gut…It’s been half a century since a book of economic history broke out of its academic silo with such fireworks. -- Giles Whittell * The Times *Thomas Piketty of the Paris School of Economics has done the definitive comparative historical research on income inequality in his Capital in the Twenty-First Century. -- Paul Starr * New York Review of Books *Bracing…Piketty provides a fresh and sweeping analysis of the world’s economic history that puts into question many of our core beliefs about the organization of market economies. His most startling news is that the belief that inequality will eventually stabilize and subside on its own, a long-held tenet of free market capitalism, is wrong. Rather, the economic forces concentrating more and more wealth into the hands of the fortunate few are almost sure to prevail for a very long time. -- Eduardo Porter * New York Times *About as close to a blockbuster as there is in the world of economic literature—easily the most discussed book of its genre in years…Piketty challenges one of the underpinnings of modern democracies—namely, that growth and productivity make each generation better off than the previous one. -- Barrie McKenna * Globe and Mail *Piketty has unearthed the history of income distribution for at least the past hundred years in every major capitalist nation. It makes for fascinating, grim and alarming reading…Piketty gives us the most important work of economics since John Maynard Keynes’s General Theory. -- Harold Meyerson * Washington Post *The strength of [Piketty's] thesis is that it is founded on evidence rather than ideology…What Piketty has done is provide a strong factual understanding for how modern capitalist economies diverge from the image of risk-taking and productive commercial activity. At the very least, the book effectively debunks the notion that there is an economic imperative for low tax rates and a smaller state. -- Oliver Kamm * The Times *Defies left and right orthodoxy by arguing that worsening inequality is an inevitable outcome of free market capitalism…Without what [Piketty] acknowledges is a politically unrealistic global wealth tax, he sees the United States and the developed world on a path toward a degree of inequality that will reach levels likely to cause severe social disruption. -- Thomas B. Edsall * New York Times *Piketty's magnum opus…A lucid tale of why inequality in the world is increasing, and what we should be doing about it. The right leaning crowd may be dismayed with his prescriptions of stiff global wealth taxes, but neither leftists nor rightists can dispute the data that he presents. -- Ajit Ranade * Business Today *Anyone remotely interested in economics needs to read Thomas Piketty’s Capital in the Twenty-First Century. -- Matthew Yglesias * Slate *[A] timely, important book. -- Joseph E. Stiglitz * New York Times *Piketty’s genius lies in proving that inequality is growing and potentially threatens widespread political instability…Piketty has written a trenchant critique of our current economic system. -- Michael Washburn * Boston Globe *Piketty has looked at centuries of tax archives to formulate a theory of capitalism that is evidence-based and rigorously researched, but also attempts to answer the most basic questions in economic theory…Capital in the Twenty-First Century is already being hailed as a seminal work of economic thought, and with very good reason. -- Thomas Flynn * Daily Beast *Piketty solidifies and gives an intellectual edge to the view that something is wrong here, and something new and bold and radical has got to be done…People like me, and others, are certainly excited by the prospect of where Piketty might take us. -- Len McCluskey * The Guardian *The book is a terrific achievement. -- Alan Ryan * Literary Review *One of the strengths of Piketty’s book is the depth and rigor of his historical analysis. Yet it is changes taking place now that make his concerns especially urgent. -- Andrew Neather * London Evening Standard *There are books that you read and there are books that hit the nail on the head so hard that you want to get your teeth into them. Thomas Piketty’s Capital in the Twenty-First Century…clearly belongs to the second category. -- Perry Lam * South China Morning Post *[Piketty] has demolished the Western myth that all who work hard can expect success. -- Mary Riddell * The Telegraph *It’s going to be remembered as the economic tome of our era. Basically, Piketty has finally put to death, with data, the fallacies of trickle down economics…We can only hope that the politicians crafting today’s economic programs will take this book to heart. -- Rana Foroohar * Time *Magisterial…This book is economics at its best. -- Philip Roscoe * Times Higher Education *[A] seminal work on capitalism. -- Madan Sabnavis * Financial Express *Piketty has shown that we are living in a Second Gilded Age…Nestled under the book’s mass of data, elegant mathematical formulae, and literary references is an insistence that the turmoil of capitalism is a human turmoil, within the control of human beings. Piketty’s book is a call to citizenship, not as a series of fatalistic poses, but as a political responsibility. That spirit of engagement is more radical, at this moment in history, than any other proposal. -- Stephen Marche * Los Angeles Review of Books *Piketty hits bullseye after bullseye about the exacerbating inequalities that disfigure society—especially American society…For [those] who suffer from the relentless blather about why the minimum wage cannot be raised; why ‘job creators’ cannot be taxed; and why American society remains the most open in the world, Piketty is what the doctor ordered. -- Russell Jacoby * New Republic *Riveting…[Piketty] embodies a model of engaged and sophisticated public debate, the sort of which politicians can only dream…Capital inequality has dispossessed us of our ‘democratic sovereignty,’ and that’s something we should all really worry about…His book is as much a story about the limits of modern democratic politics as it is about the structures of inequality. -- Duncan Kelly * Times Literary Supplement *Very readable and often slyly witty…Piketty does economics in a new way; or more accurately, he returns to an older way…He argues that the degree of inequality is not just the product of economic forces; it is also the product of politics. -- George Fallis * Literary Review of Canada *Capital in the Twenty-First Century delivered a well placed kick up the backside to complacent mainstream economics. -- Paul Mason * The Observer *This book is the key to understanding how the automatic accumulation and concentration of wealth poses a threat to the peaceful economies in which entrepreneurs prosper. -- Geoffrey James * Inc. *Monumental…Translated beautifully by Arthur Goldhammer, [Capital in the Twenty-First Century]…smashed into the intellectual world with incredible force…One also has to admire the way Piketty marshals the data to create a sweeping historical narrative, in a style reminiscent of the great thinkers of the 19th century. -- Ben Chu * The Independent *Capital in the Twenty-First Century shows how privateers use privatization, debt creation and capital inflation as a mechanism for rent extraction, with catastrophic consequences for public services. -- Allyson Pollock * Times Higher Education *Piketty’s great achievement, and one possible reason for the enthusiastic reception of his book, is his effective empirical demonstration of a fact long denied by neoclassical economics and its champions throughout the world: markets, when left to their own devices, do not provide individuals with rewards that are proportional to their efforts…[This book] effectively demolishes mainstream myths about the ability of markets to combat inequality. -- Hassan Javid * Dawn *Monumental…[Piketty] documents a sharp increase in such inequality over the last 25 years, not only in the United States, but also in Canada, Britain, Australia, New Zealand, China, India, Indonesia and South Africa, with people with the highest incomes far outstripping the rest of society. The book is impressive in its wealth of information. -- Robert J. Shiller * New York Times *[Piketty’s] chief intellectual accomplishment is to show how the basic forces of capitalism tend inevitably toward an ever-greater accumulation of wealth at the tip of the pyramid…Piketty shows that the economics of the postwar era—when the West enjoyed strong, widely-shared growth—was a historical exception. For our Western democracies, it was also a political necessity. Capitalism is facing an existential challenge; smart plutocrats will be part of the solution. -- Chrystia Freeland * Politico *Thomas Piketty’s Capital in the Twenty-First Century is the most important economics book of the year, if not the decade…Capital in the Twenty-First Century essentially takes the existing debate on income inequality and supercharges it. It does so by asserting that in the long run the economic inequality that matters won’t be the gap between people who earn high salaries and those who earn low ones, it will be the gap between people who inherit large sums of money and those who don’t. -- Matthew Yglesias * Vox *Monumental…One of the most thorough and illuminating studies of capitalist economics since Karl Marx published the original Capital 150 years earlier. -- Gary Gerstle * Washington Post *Groundbreaking…The usefulness of economics is determined by the quality of data at our disposal. Piketty’s new volume offers a fresh perspective and a wealth of newly compiled data that will go a long way in helping us understand how capitalism actually works. -- Christopher Matthews * Fortune *Piketty draws on a vast store of historical data to argue that the broad dissemination of wealth that occurred during the decades following World War I was not, as economists then mistakenly believed, a natural state of capitalist equilibrium, but rather a halcyon interval between Belle Époque inequality and the rising inequality of our own era…[His] most provocative argument is that the discrepancy between the high returns to capital and much more modest overall economic growth—briefly annulled during the mid-century—ensures that the gulf between the rich (who profit from capital investments) and the middle class (who depend chiefly on income from labor) will only continue to grow. -- James Traub * Foreign Policy *Piketty’s main point, and his new and powerful contribution to an old topic: as long as the rate of return exceeds the rate of growth, the income and wealth of the rich will grow faster than the typical income from work…If the ownership of wealth in fact becomes even more concentrated during the rest of the twenty-first century, the outlook is pretty bleak unless you have a taste for oligarchy…Wouldn’t it be interesting if the United States were to become the land of the free, the home of the brave, and the last refuge of increasing inequality at the top (and perhaps also at the bottom)? Would that work for you? -- Robert Solow * New Republic *Argues that the great equalizing decades following World War II, which brought on the rise of the middle class in the United States, were but a historical anomaly. Armed with centuries of data, Piketty says the rich are going to continue to gobble up a greater share of income, and our current system will do nothing to reverse that trend. -- Shaila Dewan * New York Times Magazine *Though an heir to Tocqueville’s tradition of analytic history, Thomas Piketty has a message that could not be more different: Unless we act, inequality will grow much worse, eventually making a mockery of our democratic institutions. With wealth more and more concentrated, countries racing to cut taxes on capital, and inheritance coming to rival entrepreneurship as a source of riches, a new patrimonial elite may prove as inevitable as Tocqueville once believed democratic equality was…Perhaps with this magisterial book, the troubling realities Piketty unearths will become more visible and the rationalizations of the privileged that sustain them less dominant. Like Tocqueville, Piketty has given us a new image of ourselves. This time, it’s one we should resist, not welcome. -- Jacob S. Hacker and Paul Pierson * American Prospect *A landmark book…which brings a ton of data to bear in reaching the commonsensical conclusion that inequality has to do with more than just blind market forces at work. -- George Packer * New Yorker *[Piketty] is now the most talked-about economist on the planet…The book analyzes hundreds of years of tax records from France, the U.K., the U.S., Germany and Japan to prove a simple idea: The rich really are getting richer. And their wealth doesn’t trickle down. It trickles up…The stark historical consequences of unchecked inequality are at the heart of Capital. -- Rana Foroohar * Time *Magisterial…Piketty provides a sweeping, data-driven narrative about inequality trends in the United States and other Western economies over the past century or more, identifies a worrisome increase in income and wealth concentration in a small percentage of the population since 1980, and warns that this trend won’t likely correct itself. -- Chad Stone * U.S. News & World Report *Piketty’s new book is an important contribution to understanding what we need to do to produce more growth, wider economic opportunity and greater social stability. -- David Cay Johnston * Al Jazeera America *The book has made everyone with a stake in capitalism sit up and take notice…[Piketty’s] analysis should challenge Americans to rethink our notions of wealth and poverty and whether any semblance of ‘equal opportunity’ actually exists. * America *Capital in the Twenty-First Century is written in the tradition of great economic texts…This book is significant for its findings, as well as for how Piketty arrives at them. It’s easy—and fun—to argue about ideas. It is much more difficult to argue about facts. Facts are what Piketty gives us, while pressing the reader to engage in the journey of sorting through their implications. -- Heather Boushey * American Prospect *How does a rigorous, seven-hundred page economic history become a lionized hit? Through the canny voice of professor Thomas Piketty, and his demystification of inherited wealth, Karl Marx’s true legacy, and what we mean when we talk about monetary ‘growth’ and ‘inequality.’ * Barnes and Noble Review *When it comes to economics…you need to get yourself a hold of Capital in the Twenty-First Century…Piketty’s study will have readers plotting capital’s downfall because what it shows is that the growing inequalities we are seeing between the haves and have nots are endemic to the system…We are entering a new age of capital, he argues; a time, similar to the early 19th century, when many will live off their money. Without the need for work. Meanwhile, those without capital will always struggle to keep ahead of debts. -- Thomas Quinn * Big Issue *Intellectually hefty…Piketty has already engendered vigorous argument. Capital is an arduous climb, but the subject is equally weighty, and it demands our best analyses, proposals and dialogues. Capital is an essential volume in the conversation. -- Earl Pike * Cleveland Plain Dealer *An important book…which paints a compelling, and scary, picture of the deep forces driving toward ever greater inequality in the modern world. Piketty’s historical focus adds power to his analysis of the trend toward greater financial inequality today. -- Charles R. Morris * Commonweal *This important and fascinating book surely ranks among the most influential economic analysis of recent decades. -- Andrew Berg * Finance & Development *Piketty has made his name central to serious discussions of inequality…[He] expands upon his empirical work of the last 10 years, while also setting forth a political theory of inequality. This last element of the book gives special attention to tax policy and makes some provocative suggestions—new and higher taxes on the very rich. -- Joseph Thorndike * Forbes *The most eagerly anticipated book on economics in many years. -- Toby Sanger * Globe and Mail *Is Piketty the new Karl Marx? Anybody who has read the latter will know he is not…Piketty has, more accurately, placed an unexploded bomb within mainstream, classical economics…The power of Piketty’s work is that it also challenges the narrative of the center-left under globalization, which believed upskilling the workforce, combined with mild redistribution, would promote social justice. This, Piketty demonstrates, is mistaken. All that social democracy and liberalism can produce, with their current policies, is the oligarch’s yacht co-existing with the food bank forever. Piketty’s Capital, unlike Marx’s Capital, contains solutions possible on the terrain of capitalism itself. -- Paul Mason * The Guardian *The big questions that concerned Mill, Marx and Smith are now rearing their heads afresh…Thomas Piketty—who spent long years, during which the mainstream neglected inequality, mapping the distribution of income—is making waves with Capital in the Twenty-First Century. Nodding at Marx, that title helps explain the attention, but his decidedly classical emphasis on historical dynamics in determining who gets what resonates in a world where an increasing proportion of citizens are feeling fleeced by the elite. * The Guardian *A big book in every sense of the word, using empirical evidence from 30 countries to describe how capitalism has evolved over the past 300 years and is now reverting to what Piketty calls the Downton Abbey world of a century ago…It is rare for economics books to fly off the shelves. Once in every generation, usually when the world has started to recover after a serious recession, there is a search for answers. Will Hutton’s The State We’re In was the must-buy book two decades ago just as Piketty’s is today. * The Guardian *Piketty says he wants the book to be widely read and his ideas debated. He has succeeded. Questions of economic theory have now reached an uncommonly large audience. One could, of course, fill a book twice the size with the reviews and the commentary Capital has prompted. But there is a better way into the debate than consuming the Piketty media phenomenon: spend a little valuable capital and read the original yourself. -- Ben Chu * The Independent *The enthusiastic reception in the United States of Piketty’s rigorous Capital in the Twenty-First Century, which answers the empirical spirit of the age with a welcome rush of statistics, may be a promising sign of renewal in the otherwise sedate intellectual pastures of the continent. To have made the word ‘redistribution’ utterable again by mainstream economists is already a considerable achievement…An unignorable account of the history of inequality in capitalist democracies. -- Thomas Meaney and Yascha Mounk * The Nation *Not since John Rawls’s A Theory of Justice in 1971 has a work of political theory been as rapturously received on the left as Thomas Piketty’s Capital in the Twenty-First Century…In this supposedly superficial and anti-intellectual age, his 690-page treatise on inequality, rich in empirical research, has resonated because it speaks to one of the central anxieties of our time: that society is becoming ever more fragmented as the very rich pull away from the rest. * New Statesman *Piketty, a prominent economist, explains the tendency in mature societies for wealth to concentrate in a few hands. -- Amy Merrick * New Yorker *[Piketty] has written a 700 page book on inequality which has achieved something few would have thought possible. He has rocked the neo-liberal economic establishment to its foundations…Even some of the most ideologically blinkered of free market economists, having read this book, now openly admit that Professor Piketty has laid down a challenge which they dare not ignore and which could change the political environment. -- John Palmer * Red Pepper *Drawing on hundreds of years of economic data (some of which has only recently become available to researchers) Piketty reaches a simple but disturbing conclusion: In the long run, the return on capital tends to be greater than the growth rate of the economies in which that capital is located…Readers can already guess the dire conclusion that flows from combining Piketty’s theory with the plausible assumption that unregulated wealth leads to plutocracy: If the only way to avoid plutocracy would be to employ political processes that the plutocrats themselves will eventually buy lock, stock and barrel, then the only way to avoid being ruled by the Lords of Capital is to become one of them. -- Paul Campos * Salon *[Piketty] has been perhaps the most important thinker on inequality of the past decade or so…Capital will change the political conversation in a more subtle way as well, by focusing it on wealth, not income. -- Jordan Weissmann * Slate *There is a huge amount to admire and welcome in this book…Like the radicals of the 1790s, who toasted Edmund Burke in gratitude for the fundamental debate his writings on the French Revolution had provoked, even those who find Piketty’s remedies unpalatable and in some ways worse than the disease he is trying to cure should nevertheless applaud his industry, his acuity, and his humane commitment to the ideal of rational, temperate and informed public debate. -- David Womersley * Standpoint *Clearly written, ambitious in scope, rooted in economics but drawing on insights from related fields like history and sociology, Piketty’s Capital resembles nothing so much as an old-fashioned work of political economy by the likes of Adam Smith, David Ricardo, Karl Marx, or John Maynard Keynes…The book’s major strength lies in Piketty’s ability to see the big picture. His original and rigorously well-documented insights into the deep structures of capitalism show us how the dynamics of capital accumulation have played out historically over the past three centuries, and how they’re likely to develop in the century to come. -- Kathleen Geier * Washington Monthly *After receiving widespread attention in his native France, Thomas Piketty’s Capital in the Twenty-First Century has received even greater attention on this side of the Atlantic, and deservedly so. It offers a stark and depressing picture for those who believe that some combination of democratic politics and economic growth can protect us from rampant inequality. -- Kenneth Scheve and David Stasavage * Washington Post *Painstakingly details the dynamics of wealth and income inequality throughout the last two centuries, and offers a somewhat grim picture of the future of economic inequality. Along the way, Piketty also offers his theory of the cause of exploding executive pay and how we can successfully combat this destructive trend. -- Matt Bruenig * The Week *It’s a brilliant, surprisingly readable work that synthesizes a staggering amount of careful research to make the case that income inequality is no accident…[Piketty] has starkly and convincingly outlined the stakes for future generations. Either we’ll have a new birth of reformed capitalism…or we’ll have wealth concentration on such a colossal scale that it will threaten the democratic order. -- Ryan Cooper * The Week *It is a great work, a fearsome beast of analysis stuffed with an awesome amount of empirical data, and will surely be a landmark study in economics. * The Week *Rarely does a book come along…that completely alters the paradigm through which we frame our worldview. Thomas Piketty’s magisterial study of the structure of capitalism since the 18th century, Capital in the Twenty-First Century, is such a book…This book is more than a must read. It is a manual for action that provides a fresh framework for the new politics of the 21st century. -- Nathan Gardels * The WorldPost *[An] enormously important book. -- Doug Henwood * Bookforum *Essential reading for citizens of the here and now. Other economists should marvel at how that plain language can be put to work explaining the most complex of ideas, foremost among them the fact that economic inequality is at an all-time high—and is only bound to grow worse. * Kirkus Reviews *An explosive argument. * Liberation *A seminal book on the economic and social evolution of the planet… A masterpiece. -- Emmanuel Todd * Marianne *Outstanding… A political and theoretical bulldozer. * Mediapart *The book of the season. * Telerama *In this magisterial work, Thomas Piketty has performed a great service to the academy and to the public. He has written a pioneering book that is at once thoughtful, measured, and provocative. The force of his case rests not on a diatribe or a political agenda, but on carefully collected and analyzed data and reasoned thought. -- Rakesh Khurana, Harvard Business SchoolThis book is not only the definitive account of the historical evolution of inequality in advanced economies, it is also a magisterial treatise on capitalism’s inherent dynamics. Piketty ends his book with a ringing call for the global taxation of capital. Whether or not you agree with him on the solution, this book presents a stark challenge for those who would like to save capitalism from itself. -- Dani Rodrik, Institute for Advanced StudyThis is a truly path-breaking book offering a hard-hitting and well-founded critique of capitalism in the twenty-first century…Piketty shows himself to be not only a supereconomist but also a skilled politician. No wonder his thoughts have resonated even at the highest political levels. One can only hope that his work will actually influence adoption of his policy recommendations. -- Christel Lane * LSE Review of Books *As befits a book of such size, Capital is broad-ranging, both historically and geographically…Impressive. -- William Keegan * The Tablet *Piketty is offering something fresh in the discourse: an unimaginably massive data-set that traces the ebb and flow of wealth and productivity around the globe for three centuries…It’s a rare thing to see economists, especially pro-capitalist economists, praising taxation itself, but Piketty—careful, unemotional Piketty—dares…Besides, he says, the thing every red-blooded entrepreneur wants to see is people getting rich by their wits and deeds, not by the birthright of kings. -- Cory Doctorow * Boing Boing *A book of such magisterial sweep…Piketty deserves huge credit for kickstarting a debate about inequality and illuminating the distribution of income and wealth. -- Stephanie Flanders * The Guardian *Seven hundred pages on the evolution of inequality in economically advanced societies by the most fashionable new theorist to emerge for a long time. Many have been waiting for such a comprehensive critique of capitalism. -- David Sexton * Evening Standard *[A] most unlikely best seller, a crossover from the world of scholarship into general public discussion of a kind that seems rarer than it used to be. The book’s thesis—that economic inequality in the developed world is increasing, with potentially dire consequences for social justice and democratic governance—has struck a nerve in the American body politic. But its implications extend beyond the realm of political economy…The book invites the re-examination of deeply held assumptions about the world. -- A. O. Scott * New York Times *Using sophisticated computer modeling and analyses, the professor from the Paris School of Economics debunks a long-held assumption—that income from wages will tend to grow at roughly the same rate as wealth—and instead makes a compelling case that, over time, the apparatus of capitalism grows wealth faster than wages. Result: Inequality between the wealthy and everyone else will widen faster and faster; and, without progressive taxation, his data show we’ll return to levels of inequality not seen since America’s Gilded Age. -- Dean Paton * YES! *The depth and range of evidence Piketty marshals allows him to deliver a devastating blow to the confidence of many economists that capitalism is a tide that gradually lifts all boats. In the process, he mounts an effective critique of the tendency of economic writers on both left and right to rely on theories and formal systems…His book challenges both mainstream economists’ faith in untested mathematical models, as well as radicals’ resistance to subjecting Marx’s economic theory to rigorous testing. -- Michael W. Clune * Chronicle of Higher Education *In this monumental, vitally important work, [Piketty] forces us to reconsider what we think we know about the baseline functioning of capitalist economies over the long haul, and to grapple with the implications for ourselves and our times…Nearly every page of the book rewards a careful reading with new insights and intriguing questions. -- Matthew Carnes * America *We are in danger of entering into an era that, like the 19th century in France and England, is socially and politically dominated by those with vast amounts of inherited wealth…Piketty’s book is important because of the way he has clarified the magnitude of the problem and its dangers. And he has done so at a time of increasing soul-searching about the role technology plays in exacerbating inequality. -- David Rotman * Technology Review *This past July, I felt compelled to read Thomas Piketty’s Capital in the Twenty-First Century after reading several reviews and hearing about it from friends. I’m glad I did. I encourage you to read it too…I agree with his most important conclusions, and I hope his work will draw more smart people into the study of wealth and income inequality. -- Bill Gates * Gates Notes *[Piketty’s] overarching theme—that increased income disparity as a threat to democratic capitalism—remains prominent…His concerns about social unrest cannot be ignored. -- James Halteman * Christian Century *[A] sweeping study of wealth in the modern world…Full of insights but free of dogma, this is a seminal examination of how entrenched wealth and intractable inequality continue to shape the economy. * Publishers Weekly *The best business book on economics of the year. -- Daniel Gross * strategy+business *Throws much light upon one of the most important questions in economics: what determines the distribution of income and wealth. With an abundance of data and some simple and powerful theories, Piketty has made an immensely important contribution to the public debate. -- Martin Wolf * Financial Times *The year’s most popular and controversial book. -- Roland White * Sunday Times *Marx believed that free markets produce inequality, social division and violence. Piketty appears to side with Marx, but this is deceptive. When Piketty talks about ‘capital,’ he means the kind of investments held by today’s leisured rentier class whose money is tied up in property and pensions. Piketty argues that a free market overloaded with this kind of capital may or may not lead to anger and alienation, but it will certainly act like lumpy blockages in the smooth running of the economy. Piketty only wants the economy to work better. -- Nicholas Blincoe * The Telegraph *Capital in the Twenty-First Century is arguably the most important popular economics book in recent memory. It will take its place among other classics in the field that have survived changing theoretical and political fashions, such as its namesake by Karl Marx (Das Kapital, 1867) or other ambitiously titled books such as John Maynard Keynes’s The General Theory of Employment, Interest, and Money (1936). Anyone who wants to engage in an informed discussion about the economic landscape will have to read Piketty. -- Kate Bahn * Women’s Review of Books *Thomas Piketty’s Capital in the Twenty-First Century laid bare the deep structural forces that have made our brave new neoliberal economic order so dangerously topheavy and unstable. -- Chris Lehmann * In These Times *The extraordinary resonance of Thomas Piketty’s Capital in the Twenty-First Century suggests that inequality has become the most pressing economic issue of our time. -- Michael Rosen * Times Literary Supplement *[Piketty’s] magnum opus, which kicked off years of debate over the causes of and potential solutions for deep poverty in wealthy societies. -- Martin Wolk * Los Angeles Times *Piketty presents the problem of inequality afresh, using new forms of historical narration and explanation that cut across disciplines and theoretical frameworks. -- William Davies * London Review of Books *Capital in the Twenty-First Century looks back in order to look forward, plumbing economic patterns from the 18th century onward and homing in on the staggering inequities that dominate our age. -- Hamilton Cain * The Atlantic *

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Book SynopsisThis volume, in honor of Montek Singh Ahluwalia, brings together scholarship on various aspects of India's economic development. Exploring key economic challenges, the essays cover a wide range of topics-growth, inequality, macroeconomic performance, monetary policy, capital markets, infrastructure, human resources, services, global finance, climate change, and international trade.Trade Review... a valuable knowledge base on the recent developments of the Indian economy and its reform process ... * Chiara Mariotti, Economic Issues *Table of ContentsLIST OF TABLES AND FIGURES ; FOREWORD BY DR MANMOHAN SINGH ; INTRODUCTION ; SECTION I: GROWTH, INEQUALITY, AND REFORM ; 1. Indian Economic Growth 1950-2008: Facts and Beliefs, Puzzles and Policies ; 2. Inequality and Equity during Rapid Growth Process ; 3. Two Episodes in the Reform Process ; SECTION II: MACROECONOMIC AND FINANCIAL POLICIES ; 4. Macroeconomic Performance and Policies, 2000-8 ; 5. India's Financial Sector and Monetary Policy Reforms: Fostering Growth while Containing Risk ; 6. India's Capital Markets, 1991-2008 ; SECTION III: SECTORAL PERSPECTIVES ; 7. Accelerating Agricultural Growth: Moving from Farming to Value Chains ; 8. Infrastructure at Crossroads ; 9. Social Sector Development: A Perspective from Punjab ; 10. Servicing India's GDP Growth ; SECTION IV: GLOBAL PERSPECTIVES ; 11. India in the World ; 12. India's Trade with the World: Retrospect and Prospect ; 13. A Global Deal on Climate Change: A Possible Role for India

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Book SynopsisThe focus is on ensuring macro-economic stability and prudent fiscal management through a fresh set of economic reforms and policy initiatives to counter risks of global slowdown.Table of ContentsVolume 1; Acknowledgments; Preface; Abbreviations; 1. Economic Outlook, Prospects, and Policy Challenges; 2. The Chakravyuha Challenge of the Indian Economy; 3. Spreading Jam across India's Economy; 4. Agriculture: More from Less; 5. Mother and Child; 6. Bounties for the Well-Off; 7. Fiscal Capacity for the 21st Century; 8. Preferential Trade Agreements; 9. The Fertiliser Sector; 10. Structural Changes in India's Labour Markets; 11. Powering "One India"; Technical Appendix; Volume 2; Acknowledgments; Abbreviations; 1. State of the Economy: An Overview; 2. Public Finance; 3. Monetary Management and Financial Intermediation; 4. External Sector; 5. Prices, Agriculture, and Food Management; 6. Industrial, Corporate, and Infrastructure Performance; 7. Services Sector; 8. Climate Change and Sustainable Development; 9. Social Infrastructure, Employment, and Human Development

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Book SynopsisEconomic ties between South and East Asia have deep historical roots and are currently being strengthened through bilateral and regional initiatives. This book evaluates the potential for these sub-regions to dominate global trade and explores how integration can drive inclusive economic development, with a focus on India's role in East Asia.Table of ContentsINTRODUCTION - T.N. SRINIVASAN AND JAYANT MENON

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Book SynopsisTable of ContentsMessage by Prime Minister Narendra Modi Preface Acknowledgements PART 1: INTRODUCTION 1: Introduction by Bimal N. Patel and Ranita Nagar PART 2: Critical Appraisal of Indian Legal Framework on Technical and Global Issues 2: Rio +20 To SDGS: A Quest For Inclusive and Sustainable Development by Saira Gori 3: Sustainable Development, Convention of Biological Diversity, and Intellectual Property Rights by Sanjeev Kumar Chaudhary 4: Patents: The Holy Grail for Sustainable Development by Ranita Nagar 5: Nanotechnology as an Intellectual Property: Issues and Challenges in India by Hardik Parikh 6: Sustainable Development and Marine Environment: A Preview of Legal Issues in India by Bimal N. Patel 7: Role of Satellite Technology in Oceanic Study by Thomas Matthew 8: Bioremediation: A Tool for Contemporary Environmental Issues by Sunita Varjani PART 3: Sustainable Development in Practice: Case-Study in India Political Issues 9: Paradox of Sustainable Development: Agenda of Political Parties by William Nunes and Saurabh Anand 10: Role of Local Governance in Sustainable Development by Aruna Kumar Malik Socio-economic and Human Rights Issues 11: Sustainable Water Resource Management: Historical Enquiry to Address the Water Crisis by Richa Mulchandani 12: Commercial and Legal Sustainability of Contract Farming in Gujarat by Satya Ranjan Mishra 13: Environmental-Economical Sustainability and Human Rights by Vikas Gandhi 14: E-Waste Management: Global Outlook and Lessons for India by Viral Pandya PART 4: CONCLUSION Index About the Editors and Contributors

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Book SynopsisEconomists offer rigorous quantitative analyses of how the institutional design and purpose of the WTO (and its progenitor, the GATT) affect economic development.The World Trade Organization (WTO) was established partly to support economic development in developing countries through international trade. This goal has been elusive, with some questioning the WTO's ability to achieve such a goal. In this volume, leading scholars in the economics of international trade offer rigorous quantitative analyses of how the institutional design and purpose of the WTO (and its progenitor, the GATT) affect economic development. The volume begins with analyses of market access concessions that have been or could be exchanged between developing and developed countries, from a formal framework for incorporating non-tariff measures into a model for analyzing a multilateral trade agreement to an examination of the MFN (most-favored nation) free rider problem. Contributors then develop ne

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a huge range and FREE tracked UK delivery on ALL orders.

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Book SynopsisEnvisioning 2060 is a comprehensive collection of articles by top economists and authors exploring the future global economy, focusing on emerging markets. It offers insights on potential scenarios based on how we address current challenges.

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Book SynopsisThe authors propose that the Gezira scheme has played a paradoxical role in the capitalist transformation of the Sudan - reinforcing some non-capitalist production relations while at the same time acting as an engine for the peripheral capitalist development.Table of ContentsScience, Techonology & Development- "This new book...enhances what went before... I am sure readers will want tp keep it within convenient reach... it points the way to the kind of research that is possible and indeed required

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Book SynopsisA striking portrait of states in the non-Western world from the dismantling of European empires to their inclusion into a universe of global capitalism.

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Book SynopsisThis book investigates participatory budgeting-a mainstay now of World Bank, UNDP, and USAID development programs-to ask whether its reforms truly make a difference in deepening democracy and empowering civil society.Trade Review"Bootstrapping Democracy demonstrates the importance of ongoing experimentation as local governments and their civil society allies seek to deepen the quality of democratic institutions . . . Their research design, a paired case comparison, advances academic and policy debates on participatory democracy . . . The comparative approach used in this book makes it useful for both undergraduate and graduate courses."—Brian Wampler, Social Forces"This is one of the better contributions concerning participatory democracy in Brazil to be published in recent years. What makes this better than other recent studies of grassroots democracy in Brazil is the closer analysis of the different ways that PB develops across cities. . . This is an accessible book, even when the authors are discussing jargon-laden democratic theory or comparing Brazilian experiences to similar experiments in India and South Africa."—B. P. Keating, Choice"Insightful, subtle, and persuasively argued, Bootstrapping Democracy is a wonderful contribution to political theory and comparative politics. Writing on Brazil's two-decade-long experiment in participatory budgeting, Baiocchi, Heller, and Silva defend democracy's great promise: to turn citizens from clients into self-governing agents who, deploying their human powers, direct politics to a common good."—Joshua Cohen, Stanford University"Baiocchi, Heller, and Silva go beyond examining the 'success' of participatory budgeting to assess its actual impact in terms of government services and the further development of civil society. This clear, original work fills a very large void and really is incomparable."—Philip Oxhorn, McGill University"Bootstrapping Democracy is an exciting breath of fresh air in an era when the intellectual debate on how to construct effective democratic politics seems in danger of becoming sterile. Baiocchi, Heller, and Silva put an impressive set of empirical data together with an original theoretical perspective to create a positive thesis that should have a powerful invigorating impact on the democracy debate." —Peter Evans, University of California, Berkeley

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Book SynopsisFor more than fifty years, Dr. Cahill has been helping to heal the world: as a leading specialist in tropical medicine and as a driving force in humanitarian assistance and relief efforts around the globe. In this revised and expanded edition he chronicleTrade Review"Dr. Cahill makes a powerful argument that humanitarian action and preventive diplomacy are far better prescriptions for peace than military intervention. He writes not as an academic or think tank pundit but as a physician who has been tending patients on the front lines of misery for over half a century. To Bear Witness is an important contribution to the search for a less violent 21st century." -- -Michael J. O'Neill Past President, American Society of Newspaper Editors "It would be difficult for a biographer to weave together the many strands in the remarkable life of Kevin Cahill...He has practiced as a physician in the most impoverished, strife-torn, disease-ravaged parts of the world, and devoted much of his life (and considerable powers of persuasion) to humanitarian causes all over the globe. These essays, by turn elegiac, lyrical, funny, tender, nostalgic, and vehemently impassioned, come together in an ongoing tapestry, a portrait of a dedicated physician who has dared to make a difference." -- -Oliver Sacks M.D. "Humanitarian affairs as a subject of intellectual study, and in the creation of practical policies, has emerged over the last two decades as one of the key issues in international politics. In this evolution Kevin Cahill has made, and continues to make, a very important contribution. A notable humanitarian, he draws from his personal devotion to patients, his worldwide knowledge of medicine, his skills as a health administrator, and his scholarship, writings and love of literature." -- -Lord David Owen Former Foreign Minister, United KingdomTable of ContentsPart One: Locations 15 The Middle East 18 Beirut's Smell of Death 19 A Doctor's Reflections on the Libyan Situation 21 Gaza--Destruction and Hope 23 Somalia 32 For a U.S. Role in Somalia 33 Palm Sunday in Somalia 34 Starving Refugees Overwhelm Somalia 36 A Somali Postscript 39 Nicaragua 44 The Nicaraguan Earthquake 45 The Price for Differing with the U.S. Is Death 48 Of Constitutions, Democracy, Medicine, and Diplomacy 50 Holidays in Nicaragua 53 Fasting and Medicine in Nicaragua 56 Ireland 60 A Perverse Silence 61 Red Stains on the Emerald Isle: Can Only Blood Wash Them Out? 64 A Deathless Dream 67 The Descendants of the High Kings of Ireland 71 Part Two: Academia 75 New Realities, New Frontiers 78 The Peculiar Elan 83 The University and Revolution 87 The Symbolism of Salamanca 91 Grief and Renewal 98 To Bind our Wounds 100 Loaded Words 107 Dreams and Travel 112 A Necessary Balance 113 A Dublin Department 120 Is That All There Is? 123 Part Three: Continuity 128 Health on the Horn of Africa 132 The Untapped Resource 138 Irish Essays 142 Threads for a Tapestry 145 Famine 150 The AIDS Epidemic 151 A Bridge to Peace 154 Imminent Peril 155 A Framework for Survival 158 Clearing the Fields 172 Preventive Diplomacy 177 Traditions, Values, and Humanitarian Action 186 Technology for Humanitarian Action 189 The Pulse of Humanitarian Assistance 190 Even in Chaos 192 More With Less 194 Books by Kevin M. Cahill, M.D. cited in this Section 198 Part Four: Personal 203 God and My Life 204 The Influence of Yeats 208 On Being Short 226 Suffering and Pain 227 A Medical Student's Impressions of India 229 It Ain't Necessarily So 230 Romance and Reality 234 To Bear Witness 246 "For Your 65th" by Kathryn Cahill 250

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Book SynopsisOne of the 20th century's leading thinkers on the relationship between free trade and the economics of developing countries, the author discusses his clear ideas on the effectiveness of government aid and intervention in the Third World.

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