Economic growth Books

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Book SynopsisForeword by President George W. BushWith contributions from world renowned economists and Nobel prizewinners, The 4% Solution is a blueprint for restoring America’s economic health   The United States is reaching a pivotal point in its economic history. Millions of Americans owe more on their homes than they are worth, long-term unemployment is alarmingly high, and the Congressional Budget Office is projecting a sustainable growth rate of only 2.3%—a full percentage point below the average for the past sixty years. Unless a turnaround comes quickly, the United States could be mired in debt for years to come and millions of Americans will be pushed to the sidelines of the economy.   The 4% Solution offers clear and unflinching ideas on how to revive America’s economy. It sets a positive economic goal and asks some of the top economic minds on how to achieve it. With a focus on removing

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Book SynopsisHow China continues its integration with the global economy is one of todayâs crucial questions, both for Chinaâs own growth prospects and for the rest of the world contending with the still numerous developmental challenges of the worldâs second-largest economy. In the first thirty years after it emerged from central planning, gradual opening to the world economy formed an integral part of Chinaâs market-orientated reforms. Understanding the effect of trade and investment integration on Chinaâs growth is essential for assessing the sustained development of China.This subject is of growing interest because understanding the international impact of globalization on China, and the effect of China in turn on the world economy, is crucial for any analysis of the changing global system of the twenty-first century. There are already signs that the analysis of China is as important for assessing the health of the global economy, as the analysis of the United States. This timely collection examines Chinaâs global integration, encompassing trade, investment, exchange rates, capital-account liberalization, global impact, and the linkages to growth and transition in China.

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Book SynopsisSustainable Economy and Emerging Markets provides a snapshot of the different dimensions of sustainability and analyses how they interact and configure themselves, case by case, in selected emerging economies. The parameters of economic growth in developing economies are explored in the context of systems, climate change, and environmental challenges.With contributions from a range of business academics, economists, and practitioners, this book conveys a picture of the complex nature of the new global business environment, especially the geopolitical dynamics of emerging countries, and breaks down the challenges across geographic fault lines, offering insights into current business practice. By adopting an in-depth case study approach, this edited book offers and discusses examples from several emerging markets and elucidates how these organisations have modelled business based on sustainable development in its various forms. This book will prove valuable reading for students and scholars of international business, international trade, sustainability, and development. Trade Review"A valuable study of sustainable development in emerging markets. It offers original insights and in-depth research with lessons for policymakers and scholars alike." — Professor Clinton Fernandes, UNSW Canberra, Australia"This book will be useful to students of International Business and Management courses who wish to explore contemporary content around emerging markets and their business opportunities." — Professor Basil Janavaras, Minnesota State University, USATable of ContentsList of contributors Introduction: sustainable economy and emerging markets Stefania Paladini and Suresh GeorgePART I 1 Dimensions of sustainability in impoverished contexts in emerging economies Stefanie Beninger and Matthew Wilson2 Public–private partnership as a mechanism to encourage MNEs’ contributions to sustainable development goals: insights from Brazilian experience Leonardo Elizeire Bremermann, Roman Teplov, Sina Mortazavi, Juha Väätänen and Suraksha Gupta3 MNEs’ sustainability challenges and corporate social responsibility in emerging markets: the case of Amway Won-Yong Oh, Rami Jung, Young Kyun Chang and Yeojin Kim4 The Belt and Road Initiative: infrastructure and sustainable development Neil RenwickPART II 5 A tale of two debt crises: the IMF and the unsustainable development of Ghana James Silverwood and Jeremy F. G. Moulton6 Political economy of Small-to-Medium Enterprise (SME) finance: lessons from Root Capital Mine Aysen Doyran7 Perspectives on governance and development of sustainable economy: institutional policies, challenges, and scenarios in Kenya Andrew Amayo8 Democracy, sustainability, and economic growth: the case of Bangladesh’s garment industry Krish Saha and Stefania PaladiniPART III 9 Work time and environmental impact in a global perspective Alexandra Arntsen and Bruce Philp10 Green innovation in South Asia’s clothing industry: issues and challenges Amira Khattak11 Designing business models to overcome the barriers to renewable energy market creation in developing and emerging countries: Masar box, a case study Valtteri Kaartemo12 Innovative business models towards sustainability: specificities and challenges on the Russian market Anna Veselova, Yulia Aray, Anna Logacheva and Dmitry Knatko13 E-waste and sustainability in a changing environment: a Behavioural Economics approach Xavier PierronConclusions: many paths to sustainability, an underlying philosophy Stefania Paladini and Suresh GeorgeIndex

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Book SynopsisThe majority of empirical research in economics ignores the potential benefits of nonparametric methods, while the majority of advances in nonparametric theory ignore the problems faced in applied econometrics. This book helps bridge this gap between applied economists and theoretical nonparametric econometricians. It discusses in depth, and in terms that someone with only one year of graduate econometrics can understand, basic to advanced nonparametric methods. The analysis starts with density estimation and motivates the procedures through methods that should be familiar to the reader. It then moves on to kernel regression, estimation with discrete data, and advanced methods such as estimation with panel data and instrumental variables models. The book pays close attention to the issues that arise with programming, computing speed, and application. In each chapter, the methods discussed are applied to actual data, paying attention to presentation of results and potential pitfalls.Trade Review'A clear and thorough treatment of nonparametric and semiparametric econometrics. The text will be valuable to empirical researchers, who can expand their methodological toolkits without resorting to difficult journal articles. Even advanced topics, such as nonparametric instrumental variables and nonparametric models with panel data, are treated at an accessible level.' Jeffrey M. Wooldridge, Michigan State University'Taking theory to data is difficult for most students, but this book provides substantial help by providing cogent explanations of practical considerations, including how well methods that work 'in theory' might be expected to work with real data in the quantities that researchers might have available.' Paul W. Wilson, Clemson University'Daniel Henderson and Chris Parmeter have provided a modern survey of nonparametric econometrics. Newcomers will enjoy their applications-oriented introduction to this growing field. Theorists will find a compact survey of the most important foundations. Researchers of all sorts will want to add this valuable resource to their libraries.' William Greene, Stern School of Business, New York University'This well-written textbook represents a rigorous yet accessible introduction to nonparametric methods, one that makes clear the importance of these techniques for empirical research. Henderson and Parmeter have performed a valuable service for students throughout the social sciences.' Steven N. Durlauf, University of Wisconsin'Nonparametric econometric methods have by now become quite common in applied research, yet, as in almost all areas of research, theory precedes practice. The current hands-on approach of the book comes to fill the gap and offer the applied researcher a manual of how to properly use these methods without compromising rigor. It will complement other more theoretical books on the subject and as such it will prove very useful to many practitioners and students alike.' Thanasis Stengos, University of Guelph'The authors advertise right at the beginning that this book was written to help bridge the gap between applied economists and theoretical nonparametric econometricians. Having worked on both sides I can say that this book keeps this promise in almost all aspects: the way it is written, the selection of topics, and the selection of methods.' Stefan Sperlich, Université de Genève'The aim of this book is to teach nonparametric methods to applied economists. The book does an excellent job of achieving this objective. The mix of rigor and intuition is perfect, and the availability of software to go with the book makes it easy to implement the techniques being taught.' Peter Schmidt, Michigan State UniversityTable of Contents1. Introduction; 2. Univariate density estimation; 3. Multivariate density estimation; 4. Inference about the density; 5. Regression; 6. Testing in regression; 7. Smoothing discrete variables; 8. Regression with discrete covariates; 9. Semiparametric methods; 10. Instrumental variables; 11. Panel data; 12. Constrained estimation and inference; Bibliography; Index.

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Book SynopsisPresents a story of two Chinas an entrepreneurial rural China and a state-controlled urban China. In the 1980s, rural China gained the upper hand. In the 1990s, urban China triumphed. In the 1990s, the Chinese state reversed many of its rural experiments, with long-lasting damage to the economy and society.Trade Review'The development of the Chinese private sector is a key to the future shape and performance of the Chinese economy. At present, the subject is widely misunderstood. This book does more than any other to clarify the issues and point the way forward.' Christopher Howe, School of East Asian Studies, University of Sheffield'… important book … If one wants to understand the policy origins of China's growing divide between rich and poor, urban and rural, one need look no further than this book.' William Kirby, Harvard University'Sure to generate a lively debate, Professor Huang's study provides a provocative and well-researched challenge to much current thinking on China's economic development.' Susan Rose-Ackerman, Yale Law School'… Capitalism with Chinese Characteristics is both immensely informative and enormously provocative.' Charles Wolf, Jr, Pardee RAND Graduate School'… the scale of the research is impressive, and goes beyond most western commentators other than those with high-level Chinese language skills and access to the primary sources. … the book is overall an important reminder that the story of China's growth rewards detailed research and is not simply the tale of a gradual deepening of market-led economic reform. … Huang's tale of the first two decades of China's economic reform is indeed worth bearing in mind when watching the latest developments.' The Business Economist'… profoundly informative book …' The Spokesman'This is among the most important books to appear on contemporary China this decade. Motivated by a socially conscious economic liberalism and guided by a firmly positivist epistemology, Yasheng Huang challenges - and defeats - some of the most sacred myths surrounding the Chinese political economy as reinforced by scholars and widely accepted by the general public. The book is essential reading for any political scientist specializing in China, international relations, comparative economic development, or comparative political change.' Perspectives on Politics'[Marshals] an impressive array of survey and documentary evidence … a must-read for China specialists.' The Journal of Asian StudiesTable of Contents1. Just how capitalist is China?; 2. The entrepreneurial decade; 3. A great reversal; 4. What is wrong with Shanghai?; 5. Capitalism with Chinese characteristics.

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Book SynopsisThe political fragmentation and constant warfare of medieval Japan did not necessarily inhibit economic growth. Rather, as this book shows, these conditions created opportunities for a wider spectrum of society to participate in trade, markets, and monetization, laying the groundwork for Japan’s transformation into an early modern society.Trade ReviewSegal’s book is a highly readable, lively analysis of money, trade, and the economy in pre-1600 Japan, with emphasis on the first half (late Heian through Kamakura periods) of the medieval age… Given its readability and substantive coverage, Coins, Trade, and the State could be used in Japanese history courses at all levels, surveys through graduate seminars… [Segal] richly illustrates how various members of society participated in a complex economy, including those with estate affiliations as well as those in warrior domains. This approach to history could put an end to the still-common notion that Japan before the early modern (Tokugawa) period was an economically primitive place, a sea of self-sufficiency. -- Suzanne Gay * Harvard Journal of Asiatic Studies *Segal breaks new ground in Japanese history by focusing on economic developments in the 12th–13th centuries that laid the groundwork for the economic growth Japan experienced during the period of political decentralization and civil war in the 14th–16th centuries. In doing so, Segal fills a gap in knowledge of the economic history of Japan before the Edo period. Using evidence coaxed from a wide range of original Japanese sources and writing in an accessible style, he shows how the circulation of copper coins and the expansion of trade led to the emergence of a market-centered economy. A key part of this story is how the peripheral elites such as merchants, warriors, estate managers, and religious leaders devised new ways to circumvent the traditional center-controlled forms of commodity taxes and exchange by importing Chinese coinage, trading in local markets, and devising an effective system of long-distance money remittance. The author’s fresh analysis of the Kamakura bakufu’s late-13th-century ‘virtuous government’ (tokusei) decrees is particularly noteworthy. -- M. D. Erickson * Choice *

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Book SynopsisThe Cuban Economy in ?a New Era diagnoses the ills afflicting Cuba's economy and examines seven areas: macroeconomic policy, central planning, small and medium private enterprises, nonagricultural cooperatives, financing options for the new private sector, state enterprise management, and relations with international financial institutions.Trade ReviewWith the passing of Fidel Castro and the reestablishment of U.S.–Cuban relations, Cuba is poised for major change—but towards what? In The Cuban Economy in a New Era, we get a rare glimpse from the inside. Ten leading scholars from the island discuss critical factors in that transformation, including the major economic reforms to date, the key players (from new cooperatives to the emerging private sector), and the role of the formal financial sector and the challenges of innovation and planning. In the process, we get an invaluable first-hand view of how the Cuban economy really functions. To cap it all, as bookends, two long-time Cuban analysts, Harvard’s acclaimed Jorge Domínguez and Lorena Barberia of the Universidade de São Paulo, put this in perspective for us. This book is a key contribution, at precisely the right time. -- Michael Chu, Harvard Business School, and Managing Director and Co-Founder, IGNIA PartnersThis is an excellent volume that profoundly analyzes Raúl Castro’s economic reforms, including the documents of the VII PCC Congress in 2016, with solid and balanced evaluations of performance, and sound recommendations for the future. -- Carmelo Mesa-Lago, Distinguished Service Professor Emeritus of Economics and Latin American Studies, University of Pittsburgh

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Book SynopsisDaniel Immerwahr tells how the United States sought to rescue the world from poverty through small-scale, community-based approaches. He also sounds a warning: such strategies, now again in vogue, have been tried before, alongside grander moderization schemes with often disastrous consequences as self-help gave way to crushing local oppression.

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Book SynopsisProvides a simple framework to organize the debate on what we should do for the future. This title outlines the basic theory of the discount rate and the various arguments that favor using a smaller discount rate for more distant cash flows. It offers a suitable framework for dynamic problems and decision making.Trade Review"Pricing the Planet's Future is a technically adept compendium of ideas on social discounting in an uncertain world, seen through the lens of the discounted utilitarianism and the Ramsey framework... [T]he book is not necessarily for the faint-hearted newcomer to intergenerational issues. Yet it will serve as an excellent accompaniment to the previous texts in this area, ... and as a clarifying resource for the technician or policymaker entering into the ever advancing literature on social discounting."--Ben Groom, Journal of Economic Literature "For readers with the appropriate technical background the book provides a very good introduction to the research frontier. Incorporating uncertainty into long-run project evaluation and discounting is certainly a central component of a more satisfactory approach to decision making, and Gollier's contributions are required reading for those wishing to understand the issues involved."--Antony Millner, Environment and Planning Government and PolicyTable of ContentsPreface vii Introduction 1 Part I: The Simple Economics of Discounting 1 Three Ways to Determine the Discount Rate 17 2 The Ramsey Rule 26 3 Extending the Ramsey Rule to an Uncertain Economic Growth 41 Part II: The Term Structure of Discount Rates 4 Random Walk and Mean-Reversion 61 5 Markov Switches and Extreme Events 74 6 Parametric Uncertainty and Fat Tails 84 7 The Weitzman Argument 98 8 A Theory of the Decreasing Term Structure of Discount Rates 111 Part III: Extensions 9 Inequalities 131 10 Discounting Non-monetary Benefits 149 11 Alternative Decision Criteria 168 Part IV: Evaluation of Risky and Uncertain Projects 12 Evaluation of Risky Projects 185 13 The Option Value of Uncertain Projects 203 14 Evaluation of Non-marginal Projects 215 Global Conclusion 225 Index 227

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Book SynopsisThe reputation of the financial industry could hardly be worse than it is today in the painful aftermath of the 2008 financial crisis. This title explains how people in financial careers - from CEO, investment manager, and banker to insurer, lawyer, and regulator - can and do manage, protect, and increase these assets.Trade ReviewRobert J. Shiller, Co-Winner of the 2013 Nobel Prize in Economics Winner of the 2012 Business Book Award in Finance & Economics, 800-CEO-READ Winner of the 2012 PROSE Award in Business, Finance & Management, Association of American Publishers Winner of the 2013 Bronze Medal Book Award in Economics, Axiom Business One of Choice's Outstanding Academic Titles for 2012 Shortlisted for the 2012 Best Finance Books in China, Caijing Magazine "Reading his book is like wandering through an interesting garden... [T]he best passages in this book make a persuasive case for a fresh view of an industry that is too glibly demonized. The most promising way to promote the good society, Shiller says, is not to restrain finance but to release it."--Sebastian Mallaby, New York Times Book Review "[R]igorous... Shiller presents a helpful taxonomy, and is convincing in his defence of insurers, financial advisers, and (some) bankers. He is good at relating even some of the more obscure and complex trading strategies to real world problems."--Howard Davies, Times Literary Supplement "Shiller, professor of economics at Yale and author of the best-selling Irrational Exuberance, examines the future of finance in this timely new book. Recognizing the anger of many Americans--as evidenced in part by the rise of the Occupy movement--Shiller suggests that the way to fix our increasingly unequal society is through the 'democratization' and 'humanization' of finance."--PublishersWeekly.com Online Review "Finance is in need of a little redemption. In his priestly new book, Finance and the Good Society, Mr. Shiller ... sets out to provide it. He argues convincingly that finance can, should and usually does make the world a better place... As an advocate for the financial system ... he is wonderfully persuasive because he never plays down the problems... Mr. Shiller reminds us of the profound importance of finance to making our society work."--Robin Harding, Financial Times "[S]hiller comes across as pragmatic as well as visionary, explaining how much financial capitalism has done for society and how much more it could do if harnessed for the common good."--James Pressley, Bloomberg News "[W]hile many have damned the finance industry for rampant self-interest and a tendency to prey on people's flawed thinking for its own benefit, Shiller wants to overhaul it to make sure finance serves the greater good. The key, he says, in his new book, Finance and the Good Society, is to democratize finance--giving the rest of us access to the tools and techniques that rich folks have used for decades to raise capital and protect themselves from risk."--Drew DeSilver, Seattle Times "[F]inance and the Good Society is so contrarian as to be shocking--all the more so because its author, Robert Shiller, is no head-in-the-sand capitalist nor a highly paid Wall Street shill... [A]t a time ... when fear is curbing financial innovation and the political climate could 'prevent financial capitalism from progressing in ways that could benefit all citizens,' Mr. Shiller's sensible message demands urgent attention."--Economist "Shiller has sought to prove what most of us were prepared to assume: finance may not be the great saviour that will create good society in the Utopian sense, but a society that truly seeks to be good will find in finance a willing partner that can help it achieve its goals. If you are looking for a social revolution, you will not find it in Finance and the Good Society but if you are planning a social revolution you should definitely read this book first."--Financial World "[D]eeply intelligent and elegantly argued."--BizEd "If Francois Hollande really believes finance is an enemy of society, he should read Robert J. Shiller."--Tim King, European Voice "What present would you give to the man who stands on the threshold of the elysee Palace--a man who has almost everything? A copy of Robert Shiller's Finance and the Good Society might be a timely present... [A] stimulating book."--European Voice "Extensively citing history, philosophy, psychology, neuroscience, and behavioral science, the book convincingly calls for better fiscal education and claims that greater knowledge will lessen resentment and inequality, improve comprehension, and facilitate 'the good society.' An excellent resource for readers interested in understanding and improving financial capitalism."--Library Journal "Robert Shiller makes a bold but convincing plea to reform the present financial system and use its power for the benefit of society as a whole."--Arab News "Shiller has won a deserved reputation as being among the world's most prescient analysts of financial excesses. When he defends finance, we should pay attention."--Martin Wolf, Prospect "Shiller argues his case skilfully and persistently, and with a wealth of quirky and interesting examples."--Lord Skidelsky, Management Today "What is great about the book, and surprising I suppose, is that Dr. Shiller spends a great deal of time explaining why the practice of modern finance is mostly good... Honestly, it's worth the price of the book just to read an outstanding explanation of why Derivatives Providers, Financial Engineers, and Mortgage Securitizers aren't inherently evil... [T]his is an even-handed book that makes a distinction that has been rarely made in the post-crisis witch-hunt: Hate the sin, love the sinner. The people involved in finance are, in general, good people and the structures, in general, work well most of the time. Improvements can be made, and when the serial crises are over in a few years, hopefully we can discourse intelligently on these improvements. Dr. Shiller has made a good contribution to that discourse with this book."--Inflation Trader, SeekingAlpha "In Finance and the Good Society, the Yale economist comes to praise finance, not to bury it... After examining the often unappreciated value contributed by finance professionals, Shiller reminds us that finance has already helped build a better world through inventions like amortizing mortgages, and mutual funds."--CFO Magazine "Shiller, author of The Subprime Solution and Irrational Exuberance and an originator of the Case-Shiller Home Price Indices, has written a timely, readable book, the product of teaching finance for 25 years. Unlike so many recent books stimulated by the financial disruptions that started in 2007, it does not vilify the current system of financial capitalism but instead attempts to inform readers... Judging from the book, Shiller's students are very fortunate."--Choice "Robert Shiller deserves much praise for trying to restore balance to public discussion of contemporary finance. His task is not easy, but he carries it off clearly, succinctly and with great hope for the possibilities of reformed finance. His focus on 'the good society' is absolutely correct: to build the better society that philosophers and social scientists have sought for ages, we badly need a financial system that works, not only for big business but for all of us."--Joel Campbell, International Affairs "Finance and the Good Society makes clear that Shiller is at heart an egalitarian who wants the financial industry to become more humane and inclusive in order to serve the common good. Some readers may regard the book as a public relations treatise for the industry or may object to his advocacy of an economy closer to the European model, with reduced income inequality. Few would deny, however, that Shiller floats novel ideas that deserve further scrutiny and debate."--Murad J. Antia, Financial Analysts Journal "This book will appeal to a much wider audience than ... might suggest, however, with the easy flow, readability and wisdom that come hand-in-hand with being a bestselling author and professor of economics at Yale. Shiller demonstrated the same eloquence and clarity when he forewarned the public about the 2000 stock market and the 2008 sub-prime bubbles."--Tracey Zalk, Actuary "For the public, the book succeeds in providing a highly credible case for viewing finance as integral to the goals of the good society... For professional economists who know Shiller's work, the big ideas will be familiar, but there is fun to be had in the footnotes."--Erin Todd Bronchetti, Journal of Economic LiteratureTable of ContentsPreface to the Paperback Edition vii Preface xiii Introduction: Finance, Stewardship, and Our Goals 1 Part One - Roles and Responsibilities 1. Chief Executive Offi cers 19 2. Investment Managers 27 3. Bankers 37 4. Investment Bankers 45 5. Mortgage Lenders and Securitizers 50 6. Traders and Market Makers 57 7. Insurers 64 8. Market Designers and Financial Engineers 69 9. Derivatives Providers 75 10. Lawyers and Financial Advisers 81 11. Lobbyists 87 12. Regulators 94 13. Accountants and Auditors 100 14. Educators 103 15. Public Goods Financiers 107 16. Policy Makers in Charge of Stabilizing the Economy 111 17. Trustees and Nonprofi t Managers 119 18. Philanthropists 124 Part Two- Finance and Its Discontents 19. Finance, Mathematics, and Beauty 131 20. Categorizing People: Financiers versus Artists and Other Idealists 135 21. An Impulse for Risk Taking 139 22. An Impulse for Conventionality and Familiarity 143 23. Debt and Leverage 151 24. Some Unfortunate Incentives to Sleaziness Inherent in Finance 159 25. The Signifi cance of Financial Speculation 168 26. Speculative Bubbles and Their Costs to Society 178 27. Inequality and Injustice 187 28. Problems with Philanthropy 197 29. The Dispersal of Ownership of Capital 209 30. The Great Illusion, Then and Now 219 Epilogue: Finance, Power, and Human Values 231 Notes 241 References 257 Index 273

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Book SynopsisTrade Review"Winner of the 2018 Schumpeter Prize Competition, International Joseph A. Schumpeter Society""A rare breadth of economic analysis."---Paschal Donohoe, Irish Times"Best discerns and deciphers key economic trends at critical junctures in world history, and we should warmly welcome his willingness to sacrifice many of the sacred cows of economics on the altar of greater understanding."---Michael M. Rosen, Weekly Standard"A wonderful analysis of how regions catch up and shape the industrial frontier through the capability triad."---Rajah Rasiah, Asia Pacific Business Review"Best shows that overlooking production in economics has led to a major misunderstanding of how the economy grows in the real world." * Choice *

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Book SynopsisTrade Review"Winner of the 2018 Schumpeter Prize Competition, International Joseph A. Schumpeter Society""A rare breadth of economic analysis."---Paschal Donohoe, Irish Times"Best discerns and deciphers key economic trends at critical junctures in world history, and we should warmly welcome his willingness to sacrifice many of the sacred cows of economics on the altar of greater understanding."---Michael M. Rosen, Weekly Standard"A wonderful analysis of how regions catch up and shape the industrial frontier through the capability triad."---Rajah Rasiah, Asia Pacific Business Review"Best shows that overlooking production in economics has led to a major misunderstanding of how the economy grows in the real world." * Choice *

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Book SynopsisMost of us who live in the North and the West consume far too much - too much meat, too much fat, too much sugar, too much salt. We are more likely to put on too much weight than to go hungry. We live in a society that is heading for a crash. We are aware of what is happening and yet we refuse to take it fully into account.Trade Review"I would like to use the opportunity of this review to urge readers to take up Latouche's remarkable book." Sustainability, Science, Practice, and Policy "This little book is a pleasure to read. It is critical, contrarian, informative and provocative. Latouche advances a coherent set of proposals for reversing the treadmill of an ever-more insistent growth dynamic in favour of a more serene existence based on quality of life, solidarity and respect for the environment." Bob Jessop, University of LancasterTable of ContentsForeword Introduction 1 The Territory of De-Growth A UFO in the Microcosm of Politicking What is De-Growth? A Battle over Ideas and Words The Two Sources of De-Growth The Green Algae and the Snail An Unsustainable Ecological Footprint A False Solution: Reducing the Population 2 A Concrete Utopia The De-Growth Revolution The Virtuous Circle of Quiet Contraction De-Growth as a Local Project Is Reducing Growth a Retrograde Step? De-Growth: A Challenge for the South Is De-Growth Reformist or Revolutionary? 3 A Political Programme An Electoral Programme Jobs for All in a De-Growth Society De-Growth: Behind the Work-Based Society Is De-Growth Soluble in Capitalism? Is De-Growth a Right-Wing Policy or a Left-Wing Policy? Do We Need a De-Growth Party? Conclusion References

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Book SynopsisMost of us who live in the North and the West consume far too much - too much meat, too much fat, too much sugar, too much salt. We are more likely to put on too much weight than to go hungry. We live in a society that is heading for a crash. We are aware of what is happening and yet we refuse to take it fully into account.Trade Review"I would like to use the opportunity of this review to urge readers to take up Latouche's remarkable book." Sustainability, Science, Practice, and Policy "This little book is a pleasure to read. It is critical, contrarian, informative and provocative. Latouche advances a coherent set of proposals for reversing the treadmill of an ever-more insistent growth dynamic in favour of a more serene existence based on quality of life, solidarity and respect for the environment." Bob Jessop, University of LancasterTable of ContentsForeword Introduction 1 The Territory of De-Growth A UFO in the Microcosm of Politicking What is De-Growth? A Battle over Ideas and Words The Two Sources of De-Growth The Green Algae and the Snail An Unsustainable Ecological Footprint A False Solution: Reducing the Population 2 A Concrete Utopia The De-Growth Revolution The Virtuous Circle of Quiet Contraction De-Growth as a Local Project Is Reducing Growth a Retrograde Step? De-Growth: A Challenge for the South Is De-Growth Reformist or Revolutionary? 3 A Political Programme An Electoral Programme Jobs for All in a De-Growth Society De-Growth: Behind the Work-Based Society Is De-Growth Soluble in Capitalism? Is De-Growth a Right-Wing Policy or a Left-Wing Policy? Do We Need a De-Growth Party? Conclusion References

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Book SynopsisTranslated by David Fernbach The 21st century will be the century of Africa. This continent was once seen as empty, rural, animist, poor, and forgotten by the world. Now, fifty years after independence, it is full to bursting, urban and monotheist. If poverty and violence are still rampant, economic growth has taken off again and a middle class is developing. Africa will hold a central place in the big issues facing the world today. If it once made a false start', here it is back again in the fast lane. The West has missed the turnaround of a continent that will no longer wait for us. How can we best understand it? Demography, economics, politics, diplomacy, cultures and religions this book presents the different facets of this new Africa, which will soon have a billion people, at the mid point of the most rapid population boom that humanity has ever known. Without ignoring the risks of its metamorphosis, it brings to light the forces and hopes that Africa harbors.Trade Review"A wake-up call. Its message is simple: look out world, here comes Africa." Wall Street Journal "Clearly conceived, cleanly structured, tightly written and lucidly expressed. A highly readable text." European Voice "Their optimistic analysis of the continent and its inhabitants should be read by all who are interested in looking at Africa with a fresh and different perspective." African Security Review "A significant book for those interested in questions of economic and cultural change." The Age "Africa's Moment has the great value of underlining that Africa's future is indeed in the hands of Africans." South World "A timely and positive assessment of Africa's prospects founded upon deep understanding and a distinctive perspective." Paul Collier, University of Oxford "The West is wedded to a retrograde vision of Africa's past and know nothing of its present, even less of its future. This unprecedented book forces revision of that outlook by addressing a world, just a few decades from now, where one in four human beings will be African." Keith Hart, University of LondonTable of Contents Acknowledgements Foreword by Paul Collier Introduction Part One: The Peopling of a Continent Chapter 1: Who Wants to Be a Billionaire? Chapter 2: Malthus on CNN Part Two: Africa on the Move Chapter 3: A Black Peril? Chapter 4: Crowded Roads Part Three: Africa Versus Growth Chapter 5: The Undiscoverable Curse Chapter 6: The Great Wheel of Growth Part Four: When Africa Awakes Chapter 7: The Great Clean-Up Chapter 8: Emerging Africa Part Five: God's Africa Chapter 9: Urban Compositions Chapter 10: Crescent and Cross Chapter 11: Switched-On Africa Chapter 12: The End of Ethnicity Chapter 13: African Democracy Part Six: One March, Three Directions Chapter 14: Countries of Rent, Countries in Danger Chapter 15: The Vanguard of Development Chapter 16: Fragile Africa: One Crisis After Another Part Seven: Africa, The World's Vitality Chapter 17: The End of Infinity Chapter 18: Light Against Darkness Chapter 19: The Hunger for Land Chapter 20: The Struggle for Man Part Eight: The Newcomer at the Feast of Nations Chapter 21: Africa Courted Chapter 22: Emerging Powers: Africa's New Exploiters? Chapter 23: Acknowledging Africa Conclusion Maps Notes Index

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Book SynopsisThe 21st century will be the century of Africa. How can we best understand it? Demography, economics, politics, diplomacy, cultures and religions, this book presents the different facets of this new Africa, which will soon have a billion people, at the mid point of the most rapid population boom that humanity has ever known.Trade Review"A wake-up call. Its message is simple: look out world, here comes Africa." Wall Street Journal "Clearly conceived, cleanly structured, tightly written and lucidly expressed. A highly readable text." European Voice "Their optimistic analysis of the continent and its inhabitants should be read by all who are interested in looking at Africa with a fresh and different perspective." African Security Review "A significant book for those interested in questions of economic and cultural change." The Age "Africa's Moment has the great value of underlining that Africa's future is indeed in the hands of Africans." South World "A timely and positive assessment of Africa's prospects founded upon deep understanding and a distinctive perspective." Paul Collier, University of Oxford "The West is wedded to a retrograde vision of Africa's past and know nothing of its present, even less of its future. This unprecedented book forces revision of that outlook by addressing a world, just a few decades from now, where one in four human beings will be African." Keith Hart, University of LondonTable of ContentsAcknowledgementsForeword by Paul CollierIntroductionPart One: The Peopling of a ContinentChapter 1 Who Wants to Be a Billionaire?Chapter 2 Malthus on CNNPart Two Africa on the MoveChapter 3 A Black Peril?Chapter 4 Crowded RoadsPart Three: Africa Versus GrowthChapter 5 The Undiscoverable CurseChapter 6 The Great Wheel of GrowthPart Four: When Africa AwakesChapter 7 The Great Clean-UpChapter 8 Emerging AfricaPart Five: God’s AfricaChapter 9 Urban CompositionsChapter 10 Crescent and CrossChapter 11 Switched-On AfricaChapter 12 The End of EthnicityChapter 13 African DemocracyPart Six: One March, Three DirectionsChapter 14 Countries of Rent, Countries in DangerChapter 15 The Vanguard of DevelopmentChapter 16 Fragile Africa: One Crisis After AnotherPart Seven: Africa, The World’s VitalityChapter 17 The End of InfinityChapter 18 Light Against DarknessChapter 19 The Hunger for LandChapter 20 The Struggle for ManPart Eight: The Newcomer at the Feast of NationsChapter 21 Africa CourtedChapter 22 Emerging Powers: Africa’s New Exploiters?Chapter 23 Acknowledging AfricaConclusionMapsNotesIndex

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Book SynopsisAlanoud al-Sharekh is the Director of Ibtkar Strategic Consultancy leading political, leadership and diversity training programs in Kuwait and the GCC region. She is chairperson of the Chaillot award winning Abolish 153 campaign to end honor killing legislations, and a cofounder of Mudhawis List, a platform to support women running for political office. Her research won the Arab Prize for best publication in a foreign journal in 2014, and includes books such as The Gulf Family, and Popular and Political Cultures of the Arabian Gulf States, examining the persistent importance of family and tribe in modern Gulf politics and society. She is currently a MENA Fellow at Chatham House and a Research Fellow at AGISW.Courtney Freer is Assistant Research Fellow at the Middle East Centre at the London School of Economics and Political Science. She is the author of Rentier Islamism: The Influence of the Muslim Brotherhood in Gulf Monarchies (2018).Trade ReviewInsightfully ... the book presents a historical, conceptual and digital understanding of tribal mechanisms in these states and represents an outstanding contribution to Gulf studies. * International Affairs *This book is essential for a meaningful understanding of the prevailing political, social and economic conditions of the countries of the Gulf Cooperation Council. An admirable contribution to the literature that will stand the test of time. -- Hossein G. Askari, Iran Professor of International Business and International Affairs, The George Washington University, USAA richly nuanced study of the changing relations of tribe and state in the Arabian Peninsula. The authors pose a fresh challenge to the prominent notion that the rentier state has significantly limited the role of independent actors, and especially tribes, in contributing to national identity formation in the Gulf region. A most welcome contribution that will attract the interest of scholars working across the social sciences. -- Philip S. Khoury, Ford International Professor of History, Massachusetts Institute of Technology, USAConcentrating on the impact of tribes in the three Gulf states with high income and small national populations, Freer and Alsharekh ably explain tribal importance in badu identity, electoral politics, and their continuing sociopolitical role -- J.E. Peterson, historian and political analystTable of ContentsTable of Contents Chapter One: Introduction Chapter Two: The Historical Relationship between Badu and Monarchies Chapter Three: Heritage Production and Branding of the Modern Badu in State Formation Chapter Four: The Social Evolution of the Tribe Chapter Five: Tribalisation of traditionally non-tribal actors and future impact of the resurgence of tribal rhetoric Chapter Six: Electoral Tribalism Chapter Seven: Tribal Intersections in the Digital Age Chapter Eight: Conclusion

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Book SynopsisA systematic and thorough comparison between Canada's and Britain's actions on climate change.Trade Review"When Green Growth Is Not Enough will inform a wide North American audience about European climate change and policy - we simply do not hear about this in conventional media and no similar debate takes place in Canada and the United States. We need this public discussion of what might be done and how we might do it." Robert Paehlke, Environmental and Resource Studies, Trent University

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Book SynopsisThe book offers an eclectic treatment of the human capital-economic growth nexus and uses state-of-the-art nonlinear econometric methods to provide an empirical assessment of the link between human capital and economic growth.Trade Review"The authors provide an in-depth investigation of the link between human capital and economic growth. They take an innovative approach, examining the determinants of economic growth through a historical overview of the concept of human capital." —Abstracts of Public Administration, Development, and Environment"This book imparts a deep understanding of the nexus between human capital and aggregate economic growth. By studying this book, you will have not only acquired the specific human capital knowledge to participate in the literature on human capital and growth, but will also have acquired general human capital knowledge that will improve your productivity in other economic areas." —Merwan H. Engineer, University of Victoria"The authors are excellent writers and experts on the topics they cover in this volume. They use an array of results to make the case that, indeed, human capital affects growth in a highly nonlinear way. There is nothing that is as extensive on the issue of human capital and economic growth as this book."—Chris Papageorgiou, Research Department of the International Monetary FundTable of ContentsPART I Introduction 1 Introduction to Human Capital and Economic 3 Growth 2 The Concept of Human Capital: A Brief 10 Historical Review PARTII Theoretical Research on Human Capital and Economic Growth 3 Theoretical Models of Human Capital and 27 Economic Growth 4 Human Capital and Endogenous Models of 53 Economic Growth 5 Threshold Effects, Multiple Equilibria, and 84 Nonlinearities in Human Capital and Economic Growth PARTIII The Empirics of Human Capital and Economic Growth 6 Empirical Studies on Human Capital and 107 Economic Growth 7 Human Capital and Economic Growth: Linear 156 Specifications 8 A Primer on Nonparametric Methods and Their 172 Application to Research in Human Capital and Economic Growth 9 Human Capital and Economic Growth: 193 Nonlinear Specifications Appendix: Nonparametric Methods 211 Glossary 217 Bibliography 221

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Book SynopsisTrade Review"Elsenhans and Babones critique development orthodoxies with aplomb, providing clear guidance on what can be done at a policy level. The authors' knowledge of relevant theory and debates, brought together with original data, results in an impressive synthesis of argument and evidence."—Robert Holton, Trinity College Dublin"Covering a wide range of theory and empirical evidence, this concise, critical survey chronicles the rise of the BRICS and the policy dilemmas that they face. Highly recommended."—Ray Kiely, Queen Mary University of London, author of The BRICs, US "Decline" and Global Transformations"This is a wonderful introduction to the critical policy problems facing the BRICS and to the wide-ranging and deeply insightful global political economy of Hartmut Elsenhans, one of the undersung giants in the field."—Craig N. Murphy, Wellesley College"This remarkable book provides a practical road map with theoretical underpinnings about how BRICS countries, despite enormous differences in their socio-political systems, can coalesce for the common goal of escaping the 'low or middle income trap.' The intellectual challenge that the authors pose to conventional market-oriented wisdom is a must-consider for concerned economists and politicians."—Amit Bhaduri, Jawaharlal Nehru University"This is a well-written book on a very important subject: the BRICS. At times provocative and controversial, it is most interesting and highly readable."—Lim Chong Yah, National University of Singapore and Nanyang Technological University"Are the BRICS caught in the middle-income 'trap,' facing a structural 'barrier' to further development? Through a detailed examination of the recent slowdown in these economies, this book offers a compelling theoretical analysis and a clear, actionable set of policies to overcome the barrier."—Jan Kregel, Director of Research, Levy Economics Institute, Bard CollegeTable of ContentsIntroduction 1. The BRICS Trajectories: Economic, Political, and Social 2. The Role of the State in Economic Development 3. Mass Demand as the Basis of Growth 4. Selective Links to the World Market Conclusion

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Book SynopsisThis "power-capital institution" based on three millennia of Confucian ideology and decades of Maoist communism exercises monopolistic control of public resources at the expense of civil society and social justice for the majority of citizens.The Price of China's Economic Development urges policymakers to alter their analytic lens.

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Book SynopsisSouth Africa, like many countries in Africa, is resource rich but the benefits are not shared by the whole population. High levels of unem-ployment are leading to increasing conflict and violence, undermining the brighter future hoped for when apartheid was abolished.Trade Review"Lateral ideas on tax raising to generate social justice for all South Africans whilst maintaining international investor confidence" Peter Hain // "The concept of community-created natural resource rentals as described ... does much to stimulate the basis for an expectation for finding and unleashing forces that could give rise to economic regenera-tion." Alex Anderson, Chairman of MIS Holdings // "This is an innovative proposal on taxation that simultaneously addresses the issues of equity, growth, job creation and tax efficiency. It goes beyond the theory and outlines practical steps that can be taken to a different taxation regime ..." JP Landman, Economic Advisor, Accelerated and Shared Growth Initiative for South Africa// "... abounds with new ideas ... they must be debated, for only in this manner can a solution to the crisis be found." Dr Thami Mazwai, University of Johannesburg // "[The authors] challenge us to totally rethink the nature of taxation." Kennedy Maxwell, past President, Chamber of Mines of South Africa // "For a country in search of inspiration, here's an idea that deserves a decent airing." Ciaran Ryan, Moneyweb // "A valuable contribution filled with sensible commentary that is well supported and well evidenced." Dr Adrian Saville, Chief Investment Officer, Cannon Asset ManagersTable of ContentsList of Figures; List of Tables; Acknowledgements; Foreword by Nobantu Mbeki; Preface: Collecting the resource rentals that belong to the people of South Africa; 1 Taxes, Please, or Else!; 2 Adam Smith, Godfather of Modern Taxation; 3 The Magic of Rental Collection and Tyranny of Taxation; 4 Problems and Precedents; 5 The Tangled Tentacles of Tyranny Revealed: Unpacking the Tax Burden; 6 Rental Collection: General; 7 Rental Collection: Special Cases; 8 Rental Collection: Mineral Resources; 9 Mining; 10 Legacy Rentiers, Luxuries and Polluters; 11 Commercial Agriculture; 12 Rural Areas; 13 Urban Areas; 14 Resource Rentals Budget for South Africa; 15 What About Me?; 16 Our Credit; 17 Why South Africa?; Appendix: Farm Land Values 2005-2006; Abbreviations; Bibliography; Glossary of Terms Used; Index

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Book SynopsisThis detailed book explores and provides insights into the development and transformation of various clusters, economies and industrial sectors in East and Southeast Asia.Trade Review‘The book is thus a useful addition to the large and growing literature involving industrial agglomeration and clustering in the dynamic geographic region of East Asia, particularly in an international setting. . . the collection is of value.’ -- Srikanta Chatterjee, World Economics Association NewsletterTable of ContentsContents: Preface 1. Cluster Policies and Entrepreneurial States in East Asia Alexander Ebner 2. Information and Communication Technology and Economic Growth of Four Asian Industrialized Economies Yanfei Li and Wai-Mun Chia 3. Industrial Agglomeration of Taiwanese Electronics Firms in Dongguan, China: Home Effects and Implications for Industrial Upgrading Felix Haifeng Liao, Karen Zhihua Xu and Bin Liang 4. The Rise of the Biomedical Cluster in Wonju, Korea Jun Koo and Jongmin Choi 5. The Global Economic Crisis as Leverage for Emerging Regional Growth Paths? Differentiated Evidence from China – Three Years Onwards Daniel Schiller and Henning Kroll 6. Technological Intensity of FDI in Vietnam – Implications for Future Economic Development and Emerging Clusters Curt Nestor 7. The Aircraft Industry as a Tool for Economic and Industrial Development – The Case of Indonesia Sören Eriksson 8. Foreign Knowledge Transfer in the Development of Aircraft Industry Clusters – The Case of Chengdu, China Sören Eriksson Index

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Book SynopsisToday, economic growth is widely understood to be conditioned by productivity increases which are, in turn, profoundly affected by innovation. This volume explores these key relationships between innovation and growth, bringing together experts from both fields to compile a unique Handbook.Table of ContentsContents: Preface 1. Introduction to the Handbook of Regional Innovation and Growth Philip Cooke, Bjørn Asheim, Ron Boschma, Ron Martin, Dafna Schwartz and Franz Tödtling PART I: REGIONAL INNOVATION THEORY Introduction Bjørn Asheim and Dafna Schwartz 2. Schumpeter and Regional Innovation Esben Sloth Andersen 3. Neo-Schumpeterian Perspectives on Innovation and Growth David Wolfe 4. Regional Agglomeration and Growth: The Classical Approach Eirik Vatne 5. Innovation, Product Life Cycle and Diffusion: Vernon and Beyond Gunther Tichy 6. Perspectives on Mature Marshallian Industrial Districts Marco Bellandi 7. The New Marshallian Districts and their Process of Internationalization Fiorenza Belussi PART II: REGIONAL INNOVATION AND GROWTH DYNAMICS Introduction Philip Cooke, Franz Tödtling and Dafna Schwartz 8. Innovation and Productivity: Local Competitiveness and the Role of Space Roberta Capello 9. Human Capital and Labour Mobility Determinants of Regional Innovation Daniel Felsenstein 10. The Geography of Knowledge Flows Stefano Breschi 11. Regional Innovation and Diversity Simona Iammarino 12. Networks of Innovation Elisa Giuliani 13. From Regional Anchors to Anchoring Lisa De Propris and Olivier Crevoisier PART III: REGIONAL INNOVATION AND EVOLUTION Introduction Ron Boschma and Ron Martin 14. Technological Relatedness, Related Variety and Economic Geography Ron Boschma and Koen Frenken 15. Regional Economies as Path-Dependent Systems: Some Issues and Implications Ron Martin 16. Absorptive Capacity in a Regional Context Maria Abreu 17. Regional Knowledge Networks Michael Steiner 18. Regional Competitiveness: From Endowments to Externalities to Evolution Ron Martin 19. Regional Cultural Economy: Evolution and Innovation Al James PART IV: AGGLOMERATION AND INNOVATION Introduction Philip Cooke and Bjørn Asheim 20. Proximity and Innovation Christophe Carrincazeaux and Marie Coris 21. The Changing Form and Geography of Social Capital Stuart Rosenfeld 22. Cluster Evolution Arne Isaksen 23. Transversality and Regional Innovation Platforms Philip Cooke 24. Technology Clusters Edward Malecki PART V: REGIONAL WORLDS OF INNOVATION Introduction Philip Cooke and Dafna Schwartz 25. Worlds of Production: Conventions and the Microfoundations of Regional Economies Peter Sunley 26. Culture as a Source for Growth and Change: Some Evidences from Cultural Clusters in Andalusia Luciana Lazzeretti 27. Service Innovation Yuko Aoyama and Rory Horner 28. Regional Services Innovation Philip Cooke 29. Open Innovation and Regional Growth Peter Prud’homme van Reine 30. Foreign Direct Investment and Regional Innovation Philip Cooke and Dafna Schwartz 31. Innovation Systems in Emerging Economies: The Case of India Scott Ptak and Sharmistha Bagchi-Sen 32. Green Innovation Philip Cooke PART VI: REGIONAL INNOVATION SYSTEM INSTITUTIONS Introduction Dafna Schwartz and Franz Tödtling 33. Regional Innovation Systems Franz Tödtling and Michaela Trippl 34. Intermediaries in Regional Innovation Systems: Role and Challenges for Policy Claire Nauwelaers 35. Regional Entrepreneurship Niels Bosma, Veronique Schutjens and Erik Stam 36. Venture Capital in Regional Innovation and Growth Jesper Lindgaard Christensen 37. Regional Entrepreneurship Development: Promoting Spin-offs through Coaching and Mentoring Magnus Klofsten and Staffan Öberg 38. Regional Innovation and Incubation: The Technological Incubators Programme for Entrepreneurship and Innovation Daniel Shefer and Amnon Frenkel PART VII: REGIONAL INNOVATION POLICY Introduction Philip Cooke and Ron Boschma 39. Regional Innovation Governance Martin Heidenreich and Knut Koschatzky 40. Learning Regions James Simmie 41. Regional Innovation Platforms Vesa Harmaakorpi, Tomi Tura and Helinä Melkas 42. Regional Innovation Policy and Dramaturgy Philip Cooke 43. Design-Driven Regional Innovation Philip Cooke and Arne Eriksson 44. Regional Innovation Policy between Theory and Practice Arnoud Lagendijk Index

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Book SynopsisAgainst the backdrop of the financial crisis that unfolded in 2008, this book deals with policy challenges going forward, focusing in particular on the ongoing catching-up process in Central, Eastern and South-Eastern European countries.Table of ContentsContents: Preface PART I: CATCHING-UP AND GROWTH PROSPECTS AFTER THE CRISIS 1. Challenges to European Economic Integration Vítor Constâncio 2. A Forward-looking View on Catching-up Strategies from an Austrian Angle Ewald Nowotny 3. Re-establishing Growth After the Crisis – Lessons from the Nordic Countries Seppo Honkapohja 4. Catching-up Prospects After the Crisis for the EU’s CESEE Region Kieran Mc Morrow and Werner Röger 5. Growth Prospects in the EU-10 Members States After the Crisis Dariusz K. Rosati 6. Neoclassicism in the Balkans Vladimir Gligorov 7. Unlocking Growth Potential in the Balkans Boštjan Jazbec and Albulenë Kastrati 8. The Catching-up Experience of the Western Balkans – the Cases of Serbia, FYR of Macedonia and Albania Michael Loufir PART II: POLICY CHALLENGES IN THE CESEE REGION AND BEYOND 9. Monetary Policy and Financial Stability: What’s Ahead for Central and Eastern Europe Stephen G. Cecchetti 10. Central Banking for the 21st Century: An American Perspective Paul A. Wachtel 11. Monetary Policy Challenges in the CESEE Region: Architecture for an Earthquake Zone Bas B. Bakker and Leslie Lipschitz 12. A Policy Recipe for Successful Convergence of CESEE Countries in the Post-crisis World Júlia Király, Attila Csajbók and Mihály András Kovács 13. Monetary Policy Challenges in the CESEE Region – the Case of Poland Marek Belka 14. Monetary Policy Challenges in the CESEE Region – the Case of Romania Christian Popa 15. Monetary Policy Challenges in the CESEE Region – the Case of Croatia Boris Vujčić 16. Challenges for Monetary and Exchange Rate Policy in CESEE Created by the Crisis: Back to Square One? Peter Mooslechner PART III: THE NEW ROLE OF FINANCIAL INTEGRATION, GROWTH FINANCING AND EXPORTS 17. Policy Perspectives on Financial Integration After the Crisis Ignazio Angeloni 18. The Need for an Enhanced Role of Local Supervisors and Shareholder Oversight Andrzej Stopczyński 19. Firms’ Patterns of Trade and Access to Finance Jože P. Damijan and Črt Kostevc 20. Financing for Growth in CESEE Joachim Nagel and Corinna Knobloch 21. Capital Inflows, Exports and Growth in the CESEE Region Jarko Fidrmuc and Reiner Martin 22. Structural Components of International Trade Growth 1995–2009 Joseph F. Francois and Julia Wörz 23. The Great Trade Collapse and its Impact on Firms in Europe László Halpern PART IV: CHALLENGES FOR BANKING IN THE CESEE REGION 24. After the Crisis: Financial Sector Reform in the EU María Teresa Fábregas Fernández 25. Banking Challenges in the CESEE Region from the Erste Group Perspective Andreas Treichl 26. Challenges for Banking in the CESEE Region – the Situation in Austria and CESEE in November 2010 Michael Hysek 27. The CESEE Experience of KBC Group Marko Voljć 28. Challenges for Banking in the CESEE Region – the Case of Swedbank Baltic Banking Håkan Berg Index

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Book SynopsisWritten by distinguished Chinese academics, this book provides a unique and rare insight into the development of the modern Chinese economy. The book concludes that following three decades of high economic growth, China now faces great challenges for sustainable growth, and the institutions of China’s economy have reached a critical point.Table of ContentsContents: 1. Introduction: The Reform and Opening-up of a Large, Developing Country 2. Political and Social Foundations of Economic Development 3. Urban and Rural Economic Development During the Process of Urbanization and Industrialization 4. Industrial Agglomeration in the Process of Globalization and Regional Economic Development 5. Transitions of Public Services and Government Responsibilities During the Marketization Process 6. Developmental Imbalances and Mechanisms for Improving the Market System 7. Appropriate Institutions and Sustainable Growth: China’s Development and its Worldwide Significance References Index

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Book SynopsisIt is these two factors that have determined not only the remarkable success of Asia in economic development but also the uniqueness of its growth model. This book examines the rise of Asia in the past two decades and draws lessons from its growth patterns.Trade Review'Asia, like other continents outside Western Europe and North America, was poor and considered a least-hope region for breaking the poverty trap in post WWII. However, Asia has surprisingly become the most dynamically growing region in the world in the recent decades with extraordinary speed and scale. This book is an insightful study of the root causes and strategic policy framework of Asia's development success. It provides convincing analyses to show that other lower-income countries can learn useful lessons from Asia to achieve their aspiration for prosperity. The book is a must-read for all policy makers and students in the developing world and international development institutions.' --Justin Yifu Lin, Peking University, China and formerly Chief Economist and Senior Vice President of the World Bank'There are many studies that attempt to explain the rapid rise of the economies of East and South Asia. Only a few of these studies base their analysis on a systematic quantitative comparison of the sources of growth in East and South Asia and none do so with more rigor than this work by Professor Vu Minh Khuong. The study is a major contribution to our understanding of these important economies performance.' --Dwight Perkins, Harvard Kennedy School, US'The astonishing rise of Asia over the past decades is transforming the world economy and changing the balances in global politics. In this book, Professor Vu Minh Khuong provides an in-depth study of the drivers of growth in sixteen Asian economies based on solid empirical analyses. While successful growth relies heavily on investment, technology catch-up and openness to trade, Professor Vu emphasizes the decisive importance of enlightened leadership that creates a favourable environment for countries to prosper.' --Marcel Timmer, University of Groningen, The NetherlandsTable of ContentsContents: Foreword by Dale W. Jorgenson Preface 1. Introduction 2. Developing Asia in the Global Dynamics of Catching Up and Falling Behind 3. The Rise of Asia 4. Sources of Developing Asia’s Economic Growth: Insights from the Standard Growth Accounting Approach 5. Sustaining High Economic Growth in Developing Asia: Strategic Insights and a Catch-up Policy Framework References Index

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Book SynopsisThe sharp increase in oil revenues since 2002 has left the Arab Gulf States with billions of petro-dollars. But how will these countries fare in the post-oil era? The rulers of these states are taking serious measures to ensure the survival of their economies, and indeed their regimes, in a world with scarce mineral resources.Table of ContentsContents Acknowledgements 7 Introduction 9 1. Building the Foundation for a Post-Oil Era: The Case of the GCC Countries 15 2. GCC Sovereign Wealth Funds and Islamic Finance: Financial Foundations for the Post-Oil Gulf? 45 3. The GCC Countries as Knowledge-Based Economies: Future Aspirations and Challenges 73 4. Higher Education in the Gulf States: From Traditional to Modern 97 5. A 'Smart' Technology-Enhanced Learning for the Post-Oil Arab Gulf 117 6. The Role of Women in a Post-Oil Arab Gulf Future 143 Bibliography 175 Notes on Contributors 187 Index 191

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Book SynopsisThe Sustainable Development Goals are global objectives set by the UN. They cover fundamental issues in development such as poverty, education, economic growth, and climate. Despite growing data across policy dimensions, popular statistical approaches offer limited solutions as these datasets are not big or detailed enough to meet their technical requirements. Complexity Economics and Sustainable Development provides a novel framework to handle these challenging features, suggesting that complexity science, agent-based modelling, and computational social science can overcome these limitations. Building on interdisciplinary socioeconomic theory, it provides a new framework to quantify the link between public expenditure and development while accounting for complex interdependencies and public governance. Accompanied by comprehensive data of worldwide development indicators and open-source code, it provides a detailed construction of the analytic toolkit, familiarising readers with a diverse set of empirical applications and drawing policy implications that are insightful to a diverse readership.Trade Review'The book by Omar Guerrero and Gonzalo Castañeda is a path-breaking contribution that, through a careful validation procedure of the complexity applied to sustainable development, demonstrates the logical and empirical superiority of the complex economy over the mainstream method, tight in the straitjacket of equilibrium. Furthermore, it offers convincing evidence of the need for economic policy intervention in sustainable development.' Mauro Gallegati, Università Politecnica delle Marche, Ancona, Italy'The opportunities afforded by agent-based modelling for informing the development, appraisal, and evaluation of public policies at global and national scales have becoming increasingly evident over the last decade. But often research in this area has been small-scale, not well connected with policymakers, and methodologically unsophisticated. This book is different. It shows in detail the value of modelling using a generative causation approach, develops a powerful modelling framework, and applies it to a range of important case studies to evaluate the effectiveness of allocating budgets to achieve development and sustainability goals, both cross-nationally and at the level of individual countries. It is an excellent example of what policy modelling can achieve.' Nigel Gilbert, Professor of Sociology, Centre for Research in Social Simulation, University of Surrey, UK'This important book makes excellent contributions on various levels. It introduces readers to sustainable development from a complexity perspective, and provides a masterclass on agent-based modelling and computational economics. Supported by a wealth of empirical data and case studies, the authors address numerous highly relevant topics in sustainability. The book is rich with original insights and policy recommendations. A must-read!' Dietmar Maringer, Professor of Computational Economics and Finance at the University of Basel, SwitzerlandTable of ContentsPart I. A Complexity Approach to Sustainable Development: 1. Introduction; 2. Policy prioritisation, complexity, and agent computing; 3. Relevant data and empirical challenges; 4. A computational model; 5. Calibration and validation; Part II. A Global View of Sustainable Development: 6. The feasibility of the sustainable development goals; 7. Government spending and structural bottlenecks; 8. Public governance and sustainable development; 9. The impact of international aid; Part III. A Focalised View of Sustainable Development: 10. Subnational development and fiscal federalism; 11. Accelerators and systemic bottlenecks; 12. Deprivation, income shocks, and remittances; 13. Lessons and reflections.

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Book SynopsisDrawing on German, English, Japanese and Chinese primary sources, Ghassan Moazzin explores how foreign banks financially connected modern China to international capital markets and the global economy and highlights the key role international finance and foreign banks and capital markets played at important turning points in modern Chinese history.Trade Review'Moazzin's study shows the ambiguities of negotiating financial and political interests with great nuance and objectivity. Based on a mountain of qualitative and quantitative archival data, Moazzin manages to unearth the complex nature of transnational financial flows, networks, and their institutional constraints before WWI. Most importantly, he reminds us that the impact of financial globalization failed to produce clear winners and losers in the process.' Elisabeth Köll, The University of Notre Dame'Moazzin's history of foreign banks and global finance in turn of the 20th century China opens a new chapter in the global history of capitalism. Readers will find in its pages an illuminating engrossing story of the roles of European economic actors in a Chinese history of globalization, and a crucial contextualization of the modern global economic order that takes into account the Chinese view.' Glenda Sluga, University of Sydney'Grounded in detailed research, this history will be valuable for all those interested in engaging with China's economic development.' George Hong Jiang, LSE Review of Books'Foreign Banks' key contributions have less to do with offering alternative models of imperial power and more to do with examining the gritty mechanics of banking. On this front, the analysis is masterful … The meticulous archival work also allows the book to raise compelling questions about state capacity and the governing power of money.' Mary Bridges, Business History'… a captivating read, accessible to most audiences, and would make an excellent undergraduate textbook for courses on Chinese economic history … Highly recommended.' D. Li, Choice'A deeply researched history of DAB and its operations in China as well as a study that makes broader points about the integration of China into world financial markets.' Austin Dean, Journal of Chinese History'An original and important book.' Hubert Bonin, EH.Net'The thoroughness of his investigation and masterfulness of his analysis made this book not only a scholarly resource, but also an intriguing option for individuals interested in the intricate dynamics of finance, politics, and historical transformation in China's modernization journey.' Yitong Qiu, The Economic History ReviewTable of ContentsList of Figures; List of Tables; Acknowledgements; Notes and Conventions; List of Abbreviations; Introduction; 1. A German bank in China: early contact of German bankers with China from the 1870s to the 1880s; 2. Entering the Chinese banking sector: foreign banks on the Chinese frontier; 3. Chinese bonds for European investors: the indemnity loans and the internationalisation of Chinese public finance, 1895–1898; 4. Railway dreams: German bankers and Chinese railway development, 1895–1910; 5. Global markets, international finance and the 1911 revolution in China; 6. Disentanglement and liquidation: German bankers and the first world war in China; Conclusion; Appendices; Bibliography; Index.

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Book SynopsisIt is arguable that the most important event in the world economy in recent decades has been the rise of China. This Element summarizes results from the national representative China Household Income Project (CHIP) for the period 1988 to 2018. This title is also available as Open Access on Cambridge Core.Table of Contents1. Introduction; 2. Why has China grown so fast?; 3. Rural development: from being farmer to work as wage earner or self-employed; 4. The Labour Market and Economic Reform: from Labour System to Labour Market; 5. The Labour Market and Migration: from Labour Surplus to Labour Scarcity; 6. Public revenues, expenditures and inequality; 7. The urban-rural gap and the changed distribution of income and wealth; 8. The development of Inequality of Opportunities and Poverty; 9. Inequality by gender and ethnicity; 10. The growth of China's middle class; 11. Summary and Conclusions; Appendix.

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Book SynopsisWhy do many Muslim-majority societies exhibit dictatorship and violence? It is not due to Islam nor aspects of Muslim culture. Rather, this book argues the institutional legacy of the Muslim conquests and variation in nontax government revenues (rents) explain patterns of dictatorship and violence in many Muslim societies today.Trade Review'Why are Muslim-majority societies so often plagued by poverty, tyranny, and war? In this remarkable book, Faisal Ahmed offers a fresh answer to this age-old question. Synthesizing large and diverse bodies of scholarship and disparate data sources, he shows how historical legacies and natural endowments together determine the fate of nations. The result is one of the most important works on the political economy of the Muslim world to appear in many years.' Tarek Masoud, John F. Kennedy School of Government'Faisal Ahmed presents us with an excellent overview of how the early Muslim conquests wound up saddling territories with an institutional panoply that would produce long-term stagnation. Full of both theoretical and empirical insight, this is a book that will be of great interest to anyone keen to understand the historical trajectory of the Middle East.' David Stasavage, author of The Decline and Rise of Democracy'Conquests and Rents provides a fresh take on the question of why Muslim societies tend to be less democratic and more prone to violence. Rather than pinning the blame on Islam as a religion or a set of institutions, Ahmed highlights variation in historical development in Muslim-majority countries and the more temporally proximate effects of oil and foreign aid receipts. Based on rigorous analyses, the book makes an important intervention in ongoing debates about historical legacies and the 'resource curse.'' Melani Cammett, Clarence Dillon Professor of International Affairs, Harvard UniversityTable of ContentsPart I. A Political Economy Approach: 1. Political violence; 2. Analytical framework; Part II. The Institutional Legacy of Muslim Conquest: 3. The conquest equilibrium; 4. Conquest fostered autocratization; 5. The autocratic legacy of Muslim conquest; Part III. The impact of contemporary rents on dictatorship and violence: 6. Fueling authoritarian resilience; 7. Aiding political violence; 8. Democratic transitions in non-Muslim societies; Part IV. Conclusion: 9. Conclusion.

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Book SynopsisThis Element develops an innovative combinatorial model of technological change and tests it with 2,000 years of data from global GDP data and US patents, thus generating the observed historical pattern of technological change. This Element models the Industrial Revolution as a combinatorial explosion.Table of Contents1. Introduction; 2. Competing explanations of technology; 3. The theory of combinatorial evolution; 4. Our model; 5. Our Tri-data result; 6. Niche theory; 7. Homo tinkerus; 8. Entrepreneurship and innovation; 9. CODA; Appendix; References.

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Book SynopsisDrawing on extensive empirical studies of firms and industries around the world, this book presents a rich menu of development pathways, including a new role by a Schumpeterian state to initiate detours and leapfrogging in not only manufacturing but also resource or IT- service sectors.

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Book SynopsisThis volume focuses on the key trends and major developments in engineering education in India and reflects on the effects and challenges of its expansion on economic growth and development.Analysing several dimensions relating to the status and growth of engineering education, this book: Highlights, in the overall policy environment, the rapid growth of engineering education, imbalances in the growth between different branches of engineering education, changing trends and patterns in their growth, quality of education, gender inequality, and inequality by caste, region and economic status and labour market conditions that influence the demand for engineering education Reflects on the rapid growth of private sector in engineering education and its effects on equitable access, quality and other dimensions of higher education, and on overall development of the economy Investigates the socio-economic characteristics of the students going to private colTrade Review“Engineering as a field of university study in India has grown by leaps and bounds in the past 25 years, most of it in private institutions and of highly varied quality, from the internationally renowned Indian Institute of Technology to low-quality unaided private institutions. It is this huge and varied engineering education system which India depends on to make it a major player in the global economy. Professor Tilak’s book—a detailed study of this complex subject based on extensive empirical data—is an essential reading for understanding whether the system as it now exists will be able to fill this role.” - Martin Carnoy, Vida Jacks Professor of Education and Economics & Lemann Foundation Professor Stanford University “Engineering education is one of the most important aspects of Indian higher education and central for India's future economy. It is also not well understood and significant parts of it are subpar. Dr. Tilak has provided a thoughtful data-driven and policy-relevant analysis.” - Philip G. Altbach, Research Professor and Distinguished Fellow, Center for International Higher Education, Boston College, USA “This is possibly the first study to provide a systematic economic analysis of engineering education in India. Its juxtaposition of the macro-level with the micro-level makes it most valuable for research scholars and policy practitioners in India, while its recognition of the wider international context will interest readers in the outside world.” - Deepak Nayyar, Emeritus Professor of Economics, Jawaharlal Nehru University, New Delhi, and former Vice Chancellor, University of Delhi “A must reading for higher education policy makers in India, focusing on engineering by a prominent scholar in the field.” - George Psacharopoulos, Formerly with London School of Economics and the World Bank “There are few in India who can match the expertise of Professor Jandhyala B G Tilak in the field of research in Higher Education especially the economics aspects of education at all levels. As Vice Chancellor, National University of Educational Planning and Administration (NUEPA), his contributions to the promotion of higher education research are of historic significance. In the emerging decades, India will compete effectively with higher education in U.K. and U.S.A, largely because of valuable services of Prof. Tilak and a few others. This book surveys the literature of world-renowned writers Robert Solow, Fritz Machlup, Theodoe W Schultz and others with his interpretations of their theories applicable to Indian highe.r engineering education. This book is a valuable addition to the study of higher education in India and aboard.” - Vedagiri Shanmugasundaram, Founder Vice Chancellor, Monomaniam Sundaranar University; Former Director, Reserve Bank of India and IDBI; Senior Visiting Member, Linacre College, University of Oxford “Two great sectors are at the heart of higher education’s many practical contributions to society through learning and research – engineering and health. In Economics of Engineering Education, Professor Tilak takes us inside engineering education and illuminates the role it plays in development. Get engineering education right, he shows us, and the nation is on track. The solid data and considered judgments in this book are making a crucial contribution to policy, the profession and the next generation that will build India.” - Simon Marginson, Professor of Higher Education, University of Oxford; Director ESRC/RE Centre for Global Higher Education “ I find this book very useful for evidence- based decisions and informed public policy regarding engineering education. The book illustrates emergence of private education and its impact on equitable access, equity, quality, affordability and related issues currently faced in India. The systematic approach and methodology adopted in the study and credible data may help in framing right policies. Prof. Tilak’s book will be useful to recalibrate the current approach to engineering education and offer policy pointers to regain the glory.” - Bhushan Patwardhan, Chairman, National Assessment and Accreditation Council; Former Vice Chairman, University Grants Commission; Distinguished Professor, Interdisciplinary School of Health Sciences, Savitribai Phule Pune University “Professor J.B.G. Tilak is one of India’s best-known social science scholars and an international authority on the Economics of Higher Education. His most recent book is a timely contribution to academic and policy knowledge of engineering education in India. Engineering, with its many variants, civil, mechanical, electrical, and production is a key profession in any economy. As Tilak shows, engineering education in India has undergone a sea change over the past three decades. The implications of this need to be understood by both private and public institutions and, of course, students. This is the purpose of this excellent study.” - W. John Morgan, Leverhulme Emeritus Fellow, Wales Institute of Social and Economic Research, Data, and Methods (WISERD), Cardiff University “This commendable book presents a critical analysis of some of the major challenges in engineering education using valuable primary and secondary data. These challenges include: overzealous expansion and the resultant supply-demand mismatches which are reflected in high rates of unemployment, inequities in education by gender, caste/religion, and region, poor quality of education as revealed in lower employability of graduates besides, limited public financing and issues relating to affordability. "This rigorous research study systematically analyses some of these critical issues in engineering education in India with a futuristic perspective. I have no doubt that it will attract the attention of academia as well as administrators and policy makers. Given the paucity of systematically conducted research studies in this field, this study undoubtedly makes an invaluable reading on the subject of a great contemporary relevance.” - Narendra Jadhav, Former Vice Chancellor, Savitribai Phule (Pune) University; Former Member, Planning Commission, Former Member of Indian Parliament, Rajya Sabha. “Economics of Engineering Education in India is an insightful new book by Jandhyala B G Tilak describing and analyzing in depth the remarkable growth, issues related to sources of funding, quality, employment of graduates, and policies for public and private engineering education in India. Professor Tilak is a well-known and respected scholar who recognizes the significance of highly skilled human capital in engineering fields to sustained per capita economic growth. This and more universal basic education are desperately needed for broader development in India. As this occurs, this book, which is likely to become the go-to source, can help make the provision of good quality engineering education’s vital role more economically efficient.” - Walter W. McMahon, Professor of Economics, and of Education, University of Illinois “This is an impressive single-authored book on a timely topic painstakingly researched by an eminent scholar, authoritatively articulating ideas in the discourses on the emergence and quest for future direction of higher education for development with deliberate expansion of the STEM fields in which Engineering plays an important role. By engaging theories and ideas about human capital development thorough empirical inquiry based on secondary and primary data, the author strengthens the merit of the book. Furthermore, by using a methodological approach beyond univariate account to engage in multivariate analysis that provides a rich and multidimensional analysis, the book informs the reader of the complexity of the interactions between the explanatory factors in the educational sector and entrenched socially significant determinants such as gender, caste, and region/state, as well as the dynamics of the public and private sectors of higher education and its financing. In addition to researchers and policymakers in the public and private sectors, this book will be an invaluable source to other education stakeholders including students, international agencies, and NGOs in their respective efforts to understand and effectively tackle the development of inclusive human resources.” - N’Dri Assié-Lumumba, Professor, Cornell University; President, World Council of Comparative Education Societies Table of Contents1. Introduction and Context 2. Engineering Education in India: Challenges of Growth and Inequalities 3. Emergent Challenges of Engineering Education in India: Quality, Finances and Employment 4. Who Goes to Private Engineering Colleges and Why? 5. Students’ Choice of ‘Modern’ versus ‘Traditional’ Streams of Engineering Education 6. Family Expenditure on Engineering Education and Its Determinants 7. Funding of Engineering Education: Scholarships, Other Financial Assistance and Education Loans 8. Students’ Perceptions on Quality of Engineering Education 9. Employability, Employment and Earnings of Engineering Graduates 10. Summary, Conclusions and Policy Challenges

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