International economics Books

Book SynopsisAn excellent reference for applied economists,Macroeconomics for Professionals offers a guide to the practical tools of macroeconomic analysis,explaining succinctly the mainstream analytic frameworks for assessing developments and policies.Trade Review'Leslie Lipschitz and Susan Schadler provide a superb road map for assessing a country's policies. It is relevant not only for new IMF economists but also for analysts in investment banks, rating agencies, finance ministries, and central banks, as well as for economic journalists seeking to bridge the gap between theory and real-world practice.' Peter Heller, Finance & Development'The authors of this invaluable book are former economists at the International Monetary Fund. The book is written for professional economists and those who try to make sense of what they write. For such readers, it will show how to apply theoretical ideas and concepts to actual economies. It covers everything that matters in macroeconomics: the real economy, prices, monetary policy, fiscal policy, financial stability and the external accounts. Among potential users, frustrated students are likely to find it particularly helpful.' Martin Wolf, 'Summer books of 2019', Financial TimesTable of Contents1. Introduction, motivation, and overview; 2. Real economic activity; 3. Inflation, relative prices, and expectations; 4. Monetary policy and accounts; 5. The fiscal system; 6. Financial stability; 7. The external accounts.

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Book SynopsisA modern resissue of a bestselling classic by the author of the #1 bestseller THE BIG SHORTTrade ReviewPraise for LIAR'S POKER: 'An amazing book, readable, funny and mind-boggling ... one of the great business books of all time' * Punch *Read all about it: headlong greed, inarticulate obscenity, Animal House horseplay . . . * The Sunday Times *Immense verve and wit * 20/20 Magazine *A highly immoral book * Daily Mail *Wickedly funny * Daily Express *As traders would say, this book is a buy * Financial Times *

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Book SynopsisA BLOOMBERG BEST BOOK OF THE YEARWINNER - SILVER MEDAL, AXIOM BUSINESS BOOK AWARDS 2018FOREWORD BY NOURIEL ROUBINISuperHubs is a rare, behind-the-scenes look at the global financial system and the powerful personal networks through which it is run, at the centre of which sit the Elites - the SuperHubs.Combining an insider''s knowledge with principles of network science, Sandra Navidi offers a startling new perspective on how the financial system really operates. SuperHubs reveals what happens at the exclusive, invitation-only platforms - The World Economic Forum in Davos, the meetings of the International Monetary Fund, think-tank gatherings, power lunches, charity events, and private parties. This is the most vivid portrait to date of the global elite: the bank CEOs, fund managers, billionaire financiers and politicians who, through their interlocking relationships and collective influence are transforming the future of ouTrade ReviewIn SuperHubs, Ms. Navidi skillfully applies network science to the global financial system and the human networks that underpin it. SuperHubs is a topical and relevant book that should be read by anyone seeking a fresh perspective on the human endeavor that is our financial system. -- PROFESSOR LAWRENCE H. SUMMERS, Harvard; former US Secretary of the Treasury, former Director of the US National Economic CouncilExceedingly illuminating professional and personal insights into the global financial system. Highly recommendable reading. -- PROFESSOR JÜRGEN STARK, former Chief Economist of the European Central BankSuperHubs-what a clever concept! Sandra Navidi impresses with a masterful piece of both reporting and analysis. -- PROFESSOR KLAUS SCHWAB, Founder and Chairman of the World Economic ForumSandra Navidi provides an entertaining and absorbing portrayal of the networks used by many of the top executives in finance. She draws many useful conclusions and provides terrific portraits of some of the major players in finance today. -- STEPHEN A. SCHWARZMAN, Chairman, CEO & Co-Founder, Blackstone, and Chairman of U.S. President Donald J. Trump’s Strategic and Policy ForumAn intimate glimpse into the obscure world of high finance ... [that] should be voraciously consumed by anyone in business. -- PROFESSOR NOURIEL ROUBINI, Professor of Economics and International Business, Stern School of Business; CEO, Roubini Macro Associates, and Bestselling AuthorHow are we governed? By whom and how? These are the classical questions which globalization and financial markets have given a new urgency. This book provides a front row seat in the theatre of fundamental change. -- OLAFUR RAGNAR GRIMSSON, President of Iceland 1996-2016SuperHubs is an analytical, engaging and insightful guide. It is a must read for all who are striving for growth and excellence! -- HIS EXCELLENCY, MR. SHAUKAT AZIZ, former Prime Minister and Finance Minister of Pakistan, former CEO of Citibank Global Wealth ManagementSandra Navidi's book SuperHubs is beautifully and effectively done. Not only is it a fascinating description of the power wielded by elite networks over the financial sector, it is also a meditation on the consequences of this system for the economy and the society. In recent times, we have seen extraordinary ruptures - notably Britain's vote to break away from the European Union and the intensified sense of exclusion felt by much of America's working class. The last chapter of SuperHubs proposes that this ruling system's "monoculture," its isolation from the rest of society, and its seeming unawareness of the fragility of what it has built are largely responsible for these ruptures, and that the system may lead to a major crisis in the future. -- PROFESSOR EDMUND S. PHELPS, Columbia University, 2006 Nobel Prize in EconomicsSuperHubs offers new insight into those with the power to change the world. -- PROFESSOR IAN BREMMER, Founder and President of Eurasia GroupNavidi shows how networks ... are crucial. Her writing blends personal anecdote and wry observation with a sound grasp of the science of complex self-organizing systems, making SuperHubs a uniquely intelligent and engaging insight into financial power. -- PROFESSOR STEVE KEEN, Head, School of Economics, Politics & History, Kingston University LondonA colorful picture of our financial world and the tremendously powerful titans who are in charge of it. A fun and very useful book! -- ANTHONY SCARAMUCCI, American entrepreneur; Former Assistant to President Donald J. Trump and Director of the White House Office of Public Liaison and Intergovernmental AffairsSuperHubs offers a balanced analysis of the system's driving forces and raises controversial issues regarding the far-reaching impact of a few all-powerful individuals, addressing the fundamental aspects of the complex human dynamics ruling finance and the world. A spirited and riveting book that makes for an intriguing read. -- BORIS COLLARDI, CEO of Bank Julius BärThis book is unique in describing and analyzing the human behavior in the upper circles of the global financial system. I agree with the author that unethical behavior has aggravated the increasing wealth gap and social stratification, and thus has fundamentally shaken society's trust in our financial system. The need for political action to save banks in the crisis of 2008, made clear that the financial system is a not just a private sector but also a common good. It is this orientation on the common good and the wellbeing of ordinary people that has to be included in capitalism at large and the financial sector in particular. This book will empower readers to advocate for change. -- AART DE GEUS, Chairman and CEO, Bertelsmann StiftungAn expert tour guide, Ms. Navidi helps us understand the mechanisms that drive our global financial system by ultimately telling a human story of how a select few wield incredible financial and political power. SuperHubs is a substantive book with just the right balance of research and stories to make it an entertaining and satisfying read. -- THE HONORABLE GEORGETTE MOSBACHER, EntrepreneurSuperHubs is dedicated to a vitally important topic: the state of our financial system and its implications for society. If you want to understand how our world works this book is for you. -- PROFESSOR DIMITAR D. SASSELOV, Phillips Professor of Astronomy, Harvard University, Director, Harvard Origins of Life InitiativeNavidi will be remembered as the woman who revealed how the 1% maintain their plutocracy. -- PROFESSOR DOUGLAS RUSHKOFF, Professor of Media Theory and Digital Economics at City University of New YorkReaders will recognize how the relations of those who pull the levers of global power are the bonds of influence that shape the world. -- PARAG KHANNA, Senior Research Fellow Lee Kuan Yew School of Public PolicySuperHubs deftly takes the reader through the global and societal consequences of those people's relationships, power and money. -- BILL BROWDER, Co-founder and CEO Hermitage Capital Management and human rights activistSuperHubs is indispensable for readers who want to understand the financial world's dynamics. Her fascinating insider's perspective reveals complex linkages among the financial elite and the resulting far-reaching consequences. SuperHubs is a blockbuster! -- HANS DEMMEL, CEO n-tv (RTL Group)We will see how financial oligarchs have instrumentalized most governments to realize their interests. We are very far away from reform. SuperHubs demonstrates, how far off. -- PROFESSOR MAX OTTE, University of Applied Sciences Worms, head of the Cologne-based IFVE Institut für Vermögensentwicklung GmbHSuperHubs vividly describes how homogeneous alpha males maximize their opportunities. Readers will wish that this type of financial elite will disappear, or at the very least, include more women. -- PROFESSOR THOMAS MAYER, former Chief Economist of Deutsche Bank Group; Head of Deutsche Bank ResearchAn absorbing portrayal of the financial elite's self-perpetuating power structures. SuperHubs is a definite "buy"! -- DIRK MÜLLER, Financial Markets ExpertNavidi has thoughtfully determined that a few powerful people rule the world with their extensive networks. May SuperHubs inspire them to make it a more humane and peaceful place. -- ROBERT SALZL, Member of the Foundation Board and Senior Adviser, Schörghuber Stiftung & Co. Holding KGNavidi describes vividly and without taboos how the financial elite have created their own cosmos and why it is about time to scrutinize the rules upon which this system is based. -- ANNETTE HEUSER, CEO, Professor Otto Beisheim Foundation

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Book Synopsis''A well-researched, enjoyable and thoughtful book''. - Calum Chace, ForbesExtraordinary innovations in technology promise to transform the world, but how realistic is the claim that AI will change our lives? In this much needed book the acclaimed economist Roger Bootle responds to the fascinating economic questions posed by the age of the robot, steering a path away from tech jargon and alarmism towards a rational explanation of the ways in which the AI revolution will affect us all. Tackling the implications of Artificial Intelligence on growth, productivity, inflation and the distribution of wealth and power, THE AI ECONOMY also examines coming changes to the the way we educate, work and spend our leisure time.A fundamentally optimistic view which will help you plan for changing times, this book explains AI and leads you towards a more certain future.Trade ReviewIn his new and uplifting book The AI Economy, Roger Bootle provides tangible grounds for optimism. -- Mark Littlewood * The Times *a well-researched, enjoyable and thoughtful book. -- Calum Chace * Forbes *A very good read ... as an introduction to the debate as a whole, this book is invaluable. -- Charlie Paice * Adam Smith Blog *Bootle admits from the off that AI was a new topic to him when researching the book, which comes as a relief to the average reader and means we are not bogged down in technical jargon, with tricky concepts explained succinctly and clearly. ... [Bootle] does not shy away from the fact that AI will be a massively disruptive force on the economy, which will force some workers to find new employment, but The AI Economy is a somewhat reassuring read if you are spooked by the idea that robots will steal all the jobs, or wince at the idea of inserting a microchip under your skin. -- Jess Clarke * City AM *This book will probably annoy technophiles, not only because of its lack of technological detail but also because it is finely written by a polymath. It will be a long time before a computer can mesh the thoughts of Voltaire, Malthus, Keynes, Dawkins and Harari. -- Jane Fuller - co-director of the CFSI * Financial World *

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Book Synopsis Since the publication of earlier editions of this book, China''s political and economic landscapes have changed dramatically, with the rise of new leadership, evolving alliances, tariff wars, educational policies and technological advancements. Focusing on Chinese-American ventures, this expanded and revised edition chronicles the investments that have marked China''s astonishing growth in the 21st century. Adding another dimension to the exploration of Chinese-American commerce, this edition discusses China''s roots in Confucian identity and its effect on modern business culture. Case studies of American businesses that have been successful in China are included. Reflecting upon the changing nature of Chinese consumerism and international corporate behavior, the authors close with specific suggestions for those interested in doing business in China.Trade ReviewReviews of previous editions: ""recommended"" - Choice""an excellent introduction to current Chinese culture"" - Catholic Library World.

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Book SynopsisPhilipp Staab takes readers on a thought-provoking journey through the virtual realm, exploring how digital surveillance and evaluation practices have infiltrated every aspect of our lives. Staab's compelling analysis challenges us to confront the realities of surveillance capitalism and the urgent need to address the inequities it perpetuates. -- .

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

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Book SynopsisThis book provides an up-to-date guide to managing Country Risk. It tackles its various and interlinked dimensions including sovereign risk, socio-political risk, and macroeconomic risk for foreign investors, creditors, and domestic residents. It shows how they are accentuated in the global economy together with new risks such as terrorism, systemic risk, environmental risk, and the rising trend of global volatility and contagion. The book also assesses the limited usefulness of traditional yardsticks of Country Risk, such as ratings and rankings, which at best reflect the market consensus without predictive value and at worst amplify risk aversion and generate crisis contamination. This book goes further than comparing a wide range of risk management methods in that it provides operational and forward-looking warning signs of Country Risk. The combination of the authors’ academic and market-based backgrounds makes the book a useful tool for scholars, analysts, and practitioners. Trade Review“This book succeeds better than any other I know in being a comprehensive and practical guide to the economics of country risk analysis. Financial institutions would do well to have a copy in the library. For beginning country risk analysts, it is a must-read.” (Sam Wilkin, Journal of Risk Management in Financial Institutions, Vol. 12 (2), 2019)Table of ContentsForeword by Tanya Beder.- Introduction.- Chapter 1: Assessing Risk in a Global Economy.- Chapter 2. What is Country Risk?.- Chapter 3. Country Risk in the age of Globalization: Cycles and Dynamics: A review of Literature.- Chapter 4. Country Risk Assessment: the key role of official information sources.- Chapter 5: Country Risk Assessment: The role of private sources of market and economic intelligence.- Chapter 6. Volatility, spillovers, and crisis contamination: The new dynamics of countr risk since the 1980s and 90s in the globalized market economy.- Chapter 7. Fragility and vulnerability of integrated areas.- Chapter 8. At the root of country risk: The balance of payments from liquidity to solvency crisis.- Chapter 9. Root Causes and Consequences of Political Risk: Defining Political Risk and its Various Dimensions.- Chapter 10. The Root Causes and Consequences of Political Risk: From Bad Governance to Wealth and Political Power Concentration, and Social Instability.- Chapter 11. Why Emerging Markets do not hold a monopoly on Country Risk in the XXI° century: An analysis of monetary and systemic risks in the OECD and in the Euro-zone.- Chapter 12. External debt sustainability: From liquidity tensions to solvency crisis.- Chapter 13. In search of early warning signals of Country Risk: Focusing on market price signals.- Chapter 14. In search of early warning signals of Country Risk: Focusing on Capital Flight.- Chapter 15. Country Risk Mitigation Strategies.- Chapter 16. Glossary: The 200 most important terms and concepts for country risk managers.- Conclusion.- Afterward by Florencio de Silanes.

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Book Synopsis''Shastry's polemic cites extensive research from experts and exploits the author's knowledge of Asia and his connections to the region's elite, with whom he rubs shoulders at Davos and other summits. What shows through in the book though is Shastry's compassion for the continent's ordinary people.'IMF F&D MagazineAsia has been the greatest show on earth since Japan's rise from the ashes of World War II, accompanied in successive decades with the emergence of the Asian tigers, and eventually the two giants China and India. The Asian miracle has few precedents in the modern era, with billions lifted from poverty in a generation. The region's openness to trade and investment aligned perfectly with the tailwinds of globalisation. However, in recent years Asia has become a victim of its own success with commentators not differentiating between a utopian high-income Asia and a dystopian middle- and low-income Asia, where a significant majority of the region's population live. Asia today can be divided into countries which have a lot, have a little, and have none. The continent's dream run is also coming to an end as Covid-19 exposes sharp weaknesses in state capacity and structural challenges like the U.S.-China trade war is putting globalisation into reverse gear, jeopardising the region's hard-earned economic success. Asia's growth-obsessed policymakers have also ignored social pressures from the impact of technology on jobs, rising inequality, fabulous wealth accumulation by a favoured billionaire class, a deepening demographic divide, climate distress, and gender disparity, which threaten to destabilise the region's famed cohesiveness. In his penetrating new book, well-known Asia expert Vasuki Shastry argues that while Asia's reckoning may have been the subject of speculation before the pandemic, Covid-19 has made that inevitable. Inspired by Dante's Inferno, Shastry takes readers on a journey through modern Asia's eight circles of hell where we encounter urban cowboys and cowgirls fleeing rural areas to live in increasingly uninhabitable cities, disadvantaged teenage girls unable to meet their aspirations due to social strictures, internal mutiny, messy geopolitics from the rise of China, and a political and business class whose interests are in conflict with a majority of the population. Shastry challenges conventional thinking about Asia's place in the world and the book is essential reading for those with an interest in the continent's future.Related Link(s)Table of ContentsDysutopia: Greatest Show on Earth; Peak Asia; A Short Introduction to Dante; Eight Circles of Hell: Asia's Old Men; Middle Class Trap; Urban Cowboys ... and Cowgirls; Rent Seekers and other Oligarchs; The Death of Bali; To be a Teenage Girl in a Rising Asia; A million internal mutinies; Lessons from Stora Latina; Epilogue: An Asian Renaissance;

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Book SynopsisThe first 50 years of ASEAN integration has brought peace and prosperity to the Southeast Asian region, while the next 50 will undoubtedly be fraught with unprecedented challenges. Today ASEAN not only has to contend with its own internal challenges arising from the highly diverse political, economic and socio-cultural systems of its member countries, it also has to deal with external factors which include shifts in geostrategic balance, fraying global consensus on free trade, populism and xenophobia, climate change, digital revolutions and cybercrimes.Set against the above background, this edited collection considers some of the contemporary issues and challenges faced by ASEAN in its journey towards more cohesive and dynamic regional integration. Among the topics explored are ASEAN’s evolving partnerships with its key strategic partners including China and the United States on economic policies and strategies, educational systems and frameworks, migration and environmental threats.Table of ContentsChapter 1: Overview of ASEAN; Aida Idris, Nurliana Kamaruddin.- Chapter 2: ASEAN at 50: The Rise Of China And The Emerging Regional Integration Architecture; Kee Cheok Cheong, Ran Li, Qianyi Wang.- Chapter 3: The ASEAN-ROK Economic Relations: Challenges and Opportunities; Nurliana Kamaruddin, Jan Vincent Galas.- Chapter 4: Determinants Of Chinese Overseas FDI In ASEAN Countries; Zheng Jie, Mohd Nazari Ismail.- Chapter 5: Empowerment For Economic And Human Capital Development Through Education; Wendy Yee Mei Tien, Serina Rahman.-Chapter 6: ASEAN Qualification Reference Framework : Harmonisation of ASEAN Higher Education Area; Zita Mohd Fahmi, Usharani Balasingam, Jake M Laguador.- Chapter 7: Representing Migration in ASEAN: Challenges to Regional Integration; Charity Lee.- Chapter 8: Environmental Challenges within ASEAN: Contemporary Legal Issues and Future Considerations; Sarah Tan Yen Ling, Hanim Kamaruddin.- Chapter 9: Environmental Threats to the Performance of Urban Areas in ASEAN Integration; Zakaria Alcheikh Mahmoud, Yahaya Ahmad, Melasutra Md Dali, Nikmatul Adha Binti Nordin.- Chapter 10: Regulatory Incoherence in Nutrition Labelling of Pre-packaged Food in ASEAN: What Next?; Evelyn S. Devadason, VGR Chandran.- Chapter 11: Real-Life Moral Dilemma Discussion (Re-LiMDD) among young adolescents: A comparison between Malaysia and Indonesia; Vishalache Balakrishnan.- Chapter 12: Challenges and Opportunities: Lessons for ASEAN Post 50; Nurliana Kamaruddin, Aida Idris.

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Book SynopsisCapitalism faltered at the end of the 1990s as corporations were rocked by fraud, the stock-market bubble burst and the American business model unfettered self-interest, privatization and low tax faced a storm of protest. But what are the alternatives to the mantras of market fundamentalism?Leading economist John Kay unravels the truth about markets, from Wall Street to Switzerland, from Russia to Mumbai, examining why some nations are rich and some poor, why one-size-fits-all' globalization hurts developing countries and why markets can work but only in a humane social and cultural context. His answers offer a radical new blueprint for the future.

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Book SynopsisJohn Lanchester''s Whoops! Why Everyone Owes Everyone and No One Can Pay is the unbelievable true story of the economic crisis. We are, to use a technical economic term, screwed. The cowboy capitalists had a party with everyone''s money and now we''re all paying for it. What went wrong? And will we learn our lesson - or just carry on as before, like celebrating surviving a heart attack with a packet of Rothmans? John Lanchester travels with a cast of characters - including reckless banksters, snoozing regulators, complacent politicians, predatory lenders, credit-drunk spendthrifts, and innocent bystanders to understand deeply and genuinely what is happening and why we feel the way we do. ''Devastatingly funny ... the route map to the crazed world of contemporary finance we have all been waiting for''  Will Self ''Bang on the money''   Independent ''Explains the crisis in a way that actuTrade ReviewThis is what George Bernard Shaw might have called An Intelligent Person's Guide to the Crisis of Modern Capitalism, and everyone ought to read it * Robert Harris, Sunday Times *Original . . . beautifully written . . . both entertaining and profoundly anger-inducing * Chris Blackhurst, Evening Standard *The route map to the crazed world of contemporary finance we have all been waiting for. John Lanchester's superb book is everything its subject - the 2008 crash - was not: namely lucid, beautifully contrived, comprehensible to the reader with no specialist knowledge - and most of all devastatingly funny -- Will SelfWickedly funny . . . Good humor and good company will be the things that'll get us through * Dwight Garner, New York Times *Endlessly witty, but the wit is underpinned by a tremendous, unembarrassed anger and moral lucidity. A superb guide which will turn any reader into an expert within the space of 200 pages. * Jonathan Coe *Explains the madness of modern capitalism with razor-sharp insight, brilliant clarity and a refreshing dose of humour. A great book. * John O'Farrell *Scarier than Thomas Harris * Nicci French *John Lanchester's newfound mission: to explain the world of finance to the general public . . . The result is the perfect read for anyone still wondering what went wrong and why. Unless you'd rather they didn't know * Bloomberg *Literary and profound . . . a master explainer with an excellent grasp of sophisticated finance * Christopher Caldwell, The Daily Beast *Acidic, frightening, and sharply funny . . . a better book about the global meltdown than any other to date * EW.com *[A] sober message lurking among Lanchester's delightful wordplay, and it deserves attention by everyone who cares to understand where we are, how we got here and who is responsible * John Lawrence Reynolds, Globe and Mail *This is a piece of genius . . . It tells a proper story, like a novel, and we're all part of it - which means it is *gripping*. Yes! Gripping! A book about money! I know! But it's true. It is necessary, particularly - but not exclusively - if you're somebody who thinks, 'Fannie Mae, Freddie Mac, Iceland, um, mortgages, er...' and doesn't want to keep thinking it until the end of time, amoeba-stylee. I humbly posit that it is a masterpiece * India Knight *Lanchester has turned that fascination - coupled with a kind of astonished anger - into a lucid, conversational account of the crisis designed for non-financial types and helpfully leavened with jokes, swearing and interesting asides * Quentin Webb, Reuters *An excellent book for anyone wondering what the hell is going on. Triple A, as the credit rating agencies might say * Irish Times *Or you could simply borrow the book from someone. If they've read it, even better - they won't be expecting you to return it * The Telegraph *For anyone still wondering what the hell those bankers did with our money, try John Lanchester's deliciously escoriating Whoops! Even someone who can't remember their eight times tables comes away feeling wonderfully well informed -- Allison Pearson * summer reading recommendation, Psychologies *This account is by far the most lucid and entertaining explanation of the world banking crisis of 2008 -- Megan Walsh * summer reading recommendation, Times *A lively lay reader's guide to the financial crisis, written by a novelist who sought to educates himself about banking and its failures. Funny and pointed, it exposes the gulf between the two cultures of modern Britain: financial and non-financial -- Ed Crooks * summer reading recommendation, Financial Times *If you want to look like a rock of good sense, a person who is deep and wise and worried, then I suggest Whoops! by John Lanchester ... If only the Queen Mother were still alive, it would make sense even to her -- Colm Toibin * summer reading recommendation, Guardian *

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Book Synopsis''Stunningly good'' Michael Burleigh, Evening Standard, Books of the Year 2017 A Financial Times Best Book of 2017''A shrewd and knowing book.'' Robert D. Kaplan, The Wall Street Journal''A compelling and impressive read.'' The Economist''Skillfully crafted and well-argued.'' Jeffrey Wasserstrom, Financial Times''An excellent modern history. . . . provides the context needed to make sense of the region''s present and future.'' Joyce Lau, South China Morning PostThe dramatic story of the relationship between the world''s three largest economies, one that is shaping the future of us all, by one of the foremost experts on east AsiaFor more than half a century, American power in the Pacific has successfully kept the peace. But it has also cemented the tensions in the toxic rivalry between China and Japan, consumed with endless history wars and entrenched political dynasTrade ReviewA shrewd and knowing book -- Robert D. Kaplan * Wall Street Journal *A compelling and impressive read * Economist *Skillfully crafted and well-argued -- Jeffrey Wasserstrom * Financial Times *An excellent modern history. . . . provides the context needed to make sense of the region's present and future. -- Joyce Lau * South China Morning Post *[A] wide-ranging study of China's re-emergence as a regional power in Asia after a long hiatus, thwarting the designs of other powers, including the United States and Russia. . . . The U.S. [finds itself] firmly ensnared in the so-called Thucydides trap, 'the principle that it is dangerous to build an empire but even more dangerous to let it go.' So it is, and the current leadership appears to be at a loss about what to do or to formulate other aspects of any coherent policy in and toward Asia. . . . Geopolitics wonks will want to give attention to this urgent but nonsensationalized argument. * Kirkus Reviews *The United States, China, and Japan form the power triangle that will shape much of the international politics in the 21st century. Richard McGregor's masterful The Party illuminated one corner of that triangle-China. In this important book he describes how the other two corners have interacted with China since World War II. Lucid, insightful and ominous, as the author describes big trouble ahead -- Eliot Cohen, author of SUPREME COMMANDRichard McGregor's new book is essential reading for anyone worried about the most fraught relationship in Asia-between China and Japan. With extensive experience in and knowledge of both China, Japan, and the United States, McGregor is in a unique position to unpack the relationship and sort through the extensive propaganda and myth-making on all sides. A great read! -- John Pomfret, author of The Beautiful Country and the Middle KingdomMcGregor distills years of meetings with high officials in China and Japan to give a vivid nuanced picture of their relations in the 21st century -- Ezra Vogel, author of Deng Xiaoping and the Transformation of ChinaAn in-depth depiction of radical changes and challenges in Japan-China relations in the post-war period, thoroughly researched and rich in storytelling. In the course of tumultuous relations with China, Japan has had to trail blaze in the face of the rise of China. Japan's naked exposure to the unfolding Realpolitik with China at its core is for the first time comprehensively reviewed. -- Yoichi Funabashi, former Editor-in-Chief, Asahi ShimbunA must read for anyone who wants to understand our future. Asia's Reckoning provides a detailed picture of the slow military, diplomatic and economic waltz between China, Japan and the United States that determined the shape of the past half-century. -- Nicholas Stuart * Brisbane Times *A compelling account of the post-war relationship between China, Japan and America, brings to life one of the world's most complicated love-hate triangles. -- Clifford Coonan * Irish Times *McGregor's brilliant book is packed with insights on the complex Sino-Japanese relationship, the gist of that being that past history should be our teacher rather than master. Will a more powerful China learn magnanimity, one wonders. -- David Sexton * Evening Standard, Book of the Year *For journalists taking up new posts in China, the first book I always suggest is Richard McGregor's The Party. I will now add McGregor's new book, Asia's Reckoning, to my list for those headed to the Far East. -- Melissa Chan * Los Angeles Review of Books *In Asia's Reckoning, Richard McGregor provides a cogent and superbly researched guide to the deep forces that undergird China's geopolitical strategy and the attempts of two other great powers in the region, the United States and Japan, to deal with it. -- Peter Tasker * The Mekong Review *McGregor's fascinating narrative of the three countries' relations over 50 years is filled with fresh anecdotes drawn from interviews and newly released archival documents. McGregor has a sharp eye for personalities and policy factions, as well as a firm grasp of geopolitics. -- Andrew Nathan * Foreign Affairs *Richard McGregor has followed up his masterful 2010 book on The Party by focusing on the collisions and the less frequent collusions between the three Pacific powers: China, Japan and the US. Most regional strategic writing is focused on one of the three countries, but McGregor has done immense research in each of them and sets up the story beautifully. -- Rowan Callick * The Australian *McGregor offers a masterful account of the complex fifty-year dance between China, Japan and the United States. -- Graeme Dobell * The Strategist *McGregor has written a magisterial book that combines old-fashioned shoe leather reporting and extensive archival research to hart seven decades of history between the three countries. -- Anna Fifield * Australian Foreign Affairs *

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Book SynopsisFINALIST FOR THE ORWELL PRIZE FOR POLITICAL WRITING 2022 THE TIMES BOOKS OF THE YEAR 2021 ''A complex story, which Tooze tells with clarity and verve... The world is unlikely to be treated to a better account of the economics of the pandemic'' The Times From the author of Crashed comes a gripping short history of how Covid-19 ravaged the global economy, and where it leaves us now When the news first began to trickle out of China about a new virus in December 2019, risk-averse financial markets were alert to its potential for disruption. Yet they could never have predicted the total economic collapse that would follow in COVID-19''s wake, as stock markets fell faster and harder than at any time since 1929, currencies across the world plunged, investors panicked, and even gold was sold. In a matter of weeks, the world''s economy was brought to an abrupt halt by governments trying to contain a spiralling public health catastrophe. Flights were grounded; supply chains broken; industries from tourism to oil to hospitality collapsed overnight, leaving hundreds of millions of people unemployed. Central banks responded with unprecedented interventions, just to keep their economies on life-support. For the first time since the second world war, the entire global economic system contracted. This book tells the story of that shutdown. We do not yet know how this story ends, or what new world we will find on the other side. In this fast-paced, compelling and at times shocking analysis, Adam Tooze surveys the wreckage, and looks at where we might be headed next.''A seriously impressive book, both endlessly quotable and rigorously analytical'' Oliver Bullough, The GuardianTrade ReviewA complex story, which Tooze tells with clarity and verve... The world is unlikely to be treated to a better account of the economics of the pandemic. * The Times *Shutdown is a seriously impressive book, both endlessly quotable and rigorously analytical. Tooze synthesises a huge volume of information to argue that we must prepare for a new wave of crises or risk being sunk by them. Hopefully, governments everywhere will heed his warning. -- Oliver Bullough * The Guardian *Mr Tooze displays a remarkable ability to master the detail ... This is truly a picture of the global impact of the crisis; it covers the disruption in the financial markets, as well as the ins and outs of government policy. * The Economist *Fascinating, informative and wise. * Times Literary Supplement *An admirable work of synthesis and original analysis from the pre-eminent diagnostician of our age of discontents. * New Statesman *What sets [Shutdown] apart is Tooze's ability to keep his eye on the big picture - and the long view ... There will be plenty more books to come on the global economy of 2020. Few will be as timely, as wide-ranging or as clear as Shutdown. -- Duncan Weldon * Prospect *[A] brilliant, bracing account of the Covid pandemic and its protracted political aftermath ... Nuanced and wide-ranging. Tooze has the impressive ability, as a writer, to contextualise historical events as they unfold. -- Jamie Maxwell * The Herald *To read Shutdown feels like sitting alongside the great professor while he feverishly collates an array of data and anecdotes, attempts to chronicle what is going on, his head fizzing with ideas about what it might all mean and where it might be leading ... a fine use of one's time. -- Bill Emmott * Financial Times *Of all the instant histories spawned by the pandemic, this is the closest we'll get to a thriller ... it's a story that bears rereading ... a survival guide for the next man-made cataclysm that Adam Tooze warns will surely come soon. -- Patrick Maguire * The Times *A comprehensive history of an unprecedented year ... Readers will find this deeply informed parsing of the pandemic to be illuminating and thought-provoking. * Publishers Weekly *Tooze examines the unprecedented decision of governments around the world to shutter their economies in the face of pandemic ... As the pandemic hopefully continues to fade, other crises remain. This book is a valuable forecast of future problems. * Kirkus *

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Book SynopsisTable of ContentsChapter 1: An Introduction to International Trade Chapter 2: Tools of Analysis for International Trade Models Chapter 3: The Classical Model of International Trade Chapter 4: The Heckscher-Ohlin Model Chapter 5: Tests of Trade Models: the Leontief Paradox and Its Aftermath Chapter 6: Tariffs Chapter 7: Nontariff Barriers and Arguments for Protection Chapter 8: Commercial Policy: History and Practice Chapter 9: Preferential Trade Agreements Chapter 10: International Trade and Economic Growth Chapter 11: The Balance of Payments Chapter 12: The Foreign Exchange Market Chapter 13: International Monetary Systems Chapter 14: Exchange Rates in the Short Run Chapter 15: Exchange Rates in the Long Run Chapter 16: Theories of the Current Account Balance Chapter 17: Open Economy Macroeconomics Chapter 18: International Banking, Debt and Risk

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Book SynopsisA case for why regionalization, not globalization, has been the biggest economic trend of the past forty yearsTrade Review“It is regionalisation, not globalisation, that explains the mechanics of prosperity. . . . If hope truly does lie in thought, we need to take our thinking about the world a lot more seriously than we do today.”—Richard Horton, The Lancet“Regionalization is quickly becoming the new globalization. Shannon O’Neil’s The Globalization Myth deftly explains why the key to America’s continued industrial competitiveness lies neither in ‘America alone’ reshoring nor in laissez faire offshoring, but in nearshoring. An important corrective to a broken public policy debate.”—Ian Bremmer, president, Eurasia Group“Shannon O’Neil’s call for ‘more NAFTAs and fewer America Firsts’ is timely, constructive, and pragmatic. With her deep knowledge of the Americas and of the politics of regional integration, she makes a practical case for an American economic strategy which would work in a world dividing more into blocs. I urge our elected officials to open their minds to O’Neil’s compelling argument.”—Adam S. Posen, president, Peterson Institute for International Economics“This is a phenomenal book about regionalization. Global markets are consolidating into three regional hubs. The US needs to act on that, or it will get left behind. I found this a gripping read!”—Ann E. Harrison, University of California, Berkeley

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Book SynopsisThe vision of the original arhitects of the European Community was to create a Europe of economic prosperity and social harmony. Economic integration has come ever closer, but sustained growth and a reduction in social disparities seen as far away as ever. This book examines the prospects for the real cohesion in Europe and find that, far from promroting it, many of the Community''s current policies are divisive. The neo-liberal philosophy at the moment is producing policies which favour relatively wealthy regions and major corporations at the expense of less favoured regions and peoples.Table of ContentsList of Figure, List of Tables, The Contributors, Acknowledgements, INTRODUCTION: CONFLICT AND COHESION IN THE SINGLE EUROPEAN MARKET: A REFLECTION, Part I Macro-economic change, Part II Social cohesion, Part III Corporate restructuring, Part IV Towards cohesion, Index

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Book SynopsisThis broad-ranging collection assesses the links between targets and central bank independence, accountability and the transparency of monetary policy. Renowned experts contribute to this original and comprehensive text which will be of great value to professional economists and students of economics and banking alike.Monetary Policy Frameworks in a Global Context was named Book of the Year, 2000 by Central Banking journalTable of ContentsGeneral introduction PART I Key issues in the choice of monetary policy framework 1 Introduction 2 A historical examination of inflation stability under alternative monetary frameworks 3 The use of explicit targets for monetary policy: practical experiences in 93 economies in the 1990s 4 The devil in the detail of monetary policy frameworks: issues and measures of monetary framework characteristics 5 The devil in the detail of monetary policy frameworks (2): interpreting measures of framework characteristics 6 What does independence mean to central banks? 7 Redesigning the monetary policy framework: practical Considerations; 8 Conclusions and summary PART II Monetary policy strategies; Monetary policy objectives in emerging markets in light of the Asian crisis; The role of the Monetary Policy Committee: strategic considerations; Establishing a reputation for dependability by means of inflation; Targets; PART III Transmission mechanisms and monetary frameworks; Modelling the transmission mechanism of monetary policy in the Czech Republic; Setting monetary policy instruments in Uganda; Monetary policy in a dollarised economy: the case of Peru; The Balassa-Samuelson effect and monetary targets PART IV Country experiences with different monetary strategies; Lessons from the Bundesbank on the occasion of its early retirement; What can inflation expectations and core inflation tell us about monetary policy in Japan? Inflation and money goals: the recent experience of monetary policy in Mexico; Inflation targets and stabilisation in Chile; Monetary policy and disinflation in Israel; Inflation targeting in the Czech Republic PART V Specifying and using targets; Core inflation as an indicator in monetary policy rules Specifying an inflation target: the case of administered prices and other candidates for exclusion Exchange rate considerations in a small open economy: a critical look at the MCI as a possible solution

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Book SynopsisImmigration is good for society and here''s the data that proves it.Winner of the Diversity, Inclusion and Equality Award at the Business Book Awards 2021 ‘Underpinned by scholarship...entertaining…Legrain’s book fizzes with practical ideas.’ The Economist ‘The beauty of diversity is that innovation often comes about by serendipity. As Scott Page observed, one day in 1904, at the World Fair in St Louis, the ice cream vendor ran out of cups. Ernest Hami, a Syrian waffle vendor in the booth next door, rolled up some waffles to make cones - and the rest is history.’ Filled with data, anecdotes and optimism, Them and Us is an endorsement of cultural differences at a time of acute national introspection. By every measure, from productivity to new perspectives, immigrants bring something beneficial to society. If patriotism means wanting the best for your country, we should be welcomiTrade Review‘Underpinned by scholarship…entertaining… Legrain’s book fizzes with practical ideas.’ * The Economist *

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

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Book SynopsisInnovative businesses and startups contribute to job creation, economic growth, and technological advancement in most countries. Finance helps nurture innovative firms like startups. Unfortunately, most startups and innovative projects cannot secure finance through the usual and conventional methods.This book goes beyond traditional financing to explore innovative ways to help finance startups and novel businesses. The book covers institutional innovation, innovation in products and processes, and the recent progress in financial innovations in various countries through empirical and case studies. It gives an in-depth look at regulatory, policy frameworks, and risk assessments for financial innovations. It also assesses the role of various innovations, including Fintech, machine learning, big data, scoring models, credit databases, digital platforms, credit guarantees in funding startups, and novel technologies.This book offers valuable insights into how

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Book SynopsisFramed by a critical analysis of global capitalism, this book examines how the six states of the Gulf Cooperation Council are powerfully shaping the political economy of the wider Middle East. Through unprecedented and fine-grained empirical research - encompassing sectors such as agribusiness, real estate, finance, retail, telecommunications, and urban utilities - Adam Hanieh lays out the pivotal role of the Gulf in the affairs of other Arab states. This vital but little recognised feature of the Middle East''s political economy is essential to understanding contemporary regional dynamics, not least of which is the emergence of significant internal tensions within the Gulf itself. Bringing fresh insights and a novel interdisciplinary approach to debates across political economy, critical geography, and Middle East studies, this book fills an important gap in how we understand the region and its place in the global order.Trade Review'This brilliant book by one of the most thoughtful scholars of the Gulf states is deeply researched, coruscatingly lucid, and profoundly important. It shows all the ways in which Gulf capital permeates and shapes Middle Eastern economies, in the agricultural, construction, industrial and banking sectors. It carefully traces the processes of financialisation that are so fundamental to Gulf capital accumulation and shows the political effects of Gulf capital's economic power. In so doing Hanieh casts an urgently needed light on the machinery of Middle Eastern political economy and social relations.' Laleh Khalili, School of Oriental and African Studies, University of London'Framed by a sophisticated spatial analysis that rejects a sharp distinction between class and state, Adam Hanieh decisively establishes that we cannot understand the Gulf solely through the lens of oil. The GCC countries have become increasingly prominent in the international circulation of money, commodities, and people. Money, Markets, and Monarchies demonstrates that Gulf capital is a central factor in both global capitalism and the broader political economy of the Middle East and North Africa. Money, Markets, and Monarchies should change the way we view the region and its place in the world.' Joel Beinin, Stanford University, California'In this well researched and lucid book, Hanieh convincingly illustrates how the GCC is embedded in international and regional circuits of accumulation. By stitching together various vectors of neoliberal capitalism, Money, Markets, and Monarchies, helps us understand how class relations are reproduced within the Gulf region as well as the Arab Middle East. As such, it is essential reading for scholars of the Middle East as well as all who are interested in the processes that have produced wealth and inequalities internationally in recent decades.' Arang Keshavarzian, author of Bazaar and State in Iran: the Politics of the Tehran Marketplace'The book is accessible to the non-specialists but is also a great resource for scholars whose subject matter expertise is the GCC. [It] brings unique insights and an interdisciplinary approach to debates across the political economy of the ME and its position on the global stage.' Omar Darwazah, Arab Studies QuarterlyTable of ContentsAcknowledgements; 1. Framing the Gulf: space, scale, and the global; 2. Gulf financial surpluses and the international order; 3. Boundaries of state and capital: mapping the Gulf's business conglomerates; 4. From farm to shelf: Gulf agro-commodity circuits and the Middle East; 5. The Arab built environment, accumulation, and the Gulf; 6. Spaces of financialisation in the Middle East; 7. Visions of capital: the GCC and the 'new normal'; 8. Future paths and political ends; References.

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Book SynopsisCorporate Social Responsibility (CSR) has become an important concept in the last few decades. Although it originated in the developed countries of the West, the concept has been embraced and adapted by corporations and policy-making agencies in many developing countries. Not surprisingly, given the importance of growth and development as policy objectives in these countries, CSR has had a significant impact on sustainable development.Sustainable Development and Corporate Social Responsibility explores the evolution of CSR across the developed and developing world, with a particular focus on China and sustainable development. Through an extensive review of the literature and relevant case studies, the book examines whether CSR can make a contribution to sustainable development, how the patterns of CSR in developed Western economies compare to that in the rapidly growing economy of China, what trade-offs take place between CSR and economic growth as well as the future oTrade Review‘If you ever wondered how the world of corporate social responsibility and sustainability was changing given the growing influence of China and other emerging economies, then this is the book for you. It examines how countries such as China are increasingly changing the shape of corporate responses to sustainability. In an interesting look into the future, the book explores the issues that will shape social responsibility over the coming decades.’ -- Richard Welford, Chairman of CSR Asia‘This book takes us back to the origin of corporate social responsibility and its role in sustainable development from a global perspective and with a special focus on China. It explores how businesses contribute to sustainable development and what the future trends are like. With China becoming increasingly influential in global economy and sustainable development agenda, this book is certainly a must-read for anyone who thinks deeply about the future of global sustainability.’ -- Hongwu Zhong, Director of CSR Research Center, Chinese Academy of Social ScienceTable of ContentsChapter 1. Introduction: Corporate Social Responsibility in contextChapter 2. Overview of Corporate Social ResponsibilityChapter 3. Corporate Social Responsibility and sustainable developmentChapter 4. Drivers for Corporate Social ResponsibilityChapter 5. Exploring Corporate Social ResponsibilityChapter 6. Corporate Social Responsibility and Sustainable Development in ChinaChapter 7. Concluding marks

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Book SynopsisThis unique annual collection of key economic and statistical data on states with fewer than five million inhabitants is an essential reference for economists, planners and policy-makers. The Commonwealth’s definition of small states is those with a population of one and a half million or less. For comparison purposes this volume presents, where available, data on states with a population of up to five million. The book contains 68 tables covering selected economic, social, demographic and Millennium Development Goal indicators culled from international and national sources and presents information unavailable elsewhere. A detailed parallel commentary on trends in Commonwealth small states, looking at growth, employment, inflation, human development, and economic policy, permits a deeper understanding of developments behind the figures. The book also includes three articles focusing on public private partnerships: Public–Private Partnerships in Mauritius by Vishwanaden Soondram; and Public–Private Partnerships: Mobilising Private Sector Funding and Public–Private Partnerships: Frequently Asked Questions by Hee Kong Yong. Mr Soondram works as a Lead Analyst at the Mauritius Ministry of Finance and Economic Development and Mr Yong works as an Adviser (Public Private Partnerships) in the Government and Institutional Development Division of the Commonwealth Secretariat.Table of ContentsForeword Abbreviations and Acronyms Part I. Recent Economic Trends in Commonwealth Small States 1. Recent Economic Trends in Commonwealth Small States 2. Public–Private Partnerships in Mauritius Vishwanaden Soondram 3. Public–Private Partnerships: Mobilising Private Sector Funding HK Yong 4. Public–Private Partnerships: Frequently Asked Questions HK Yong Part II. Social and Economic Data on Small States Technical notes for tables Tables Economic indicators Social and demographic indicators Other development indicators List of Articles and Reviews in Previous Volumes Readership Survey

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Book SynopsisThis book will take the reader through the past, the present, and into the future of the flagship institution of the international customs community: the World Customs Organization (WCO). The purpose is to present to the reader, in a comprehensive, orderly, and synthetic manner, the enormous contributions that this prestigious and recognized institution has been making to the secure growth of global international trade. In the development of the text, special consideration has been given to the relevant instruments in day-to-day customs work, which constitute the bases of the WCO (the Harmonized System Convention, the Revised Kyoto Convention, and the SAFE Framework of Standards, among many others), as well as those issues that are currently of specific interest to the global customs community (cross-border e-commerce, trade facilitation, and authorized economic operator, to mention but a few), trying to reconcile the various practical aspects of customs operations with their theoretical underpinnings. In the final part, the book turns to the future of customs, analyzing the most pressing challenges presented by technological advances, including the Internet of Things, artificial intelligence, 3D printing, and blockchain. In short, this book will be of great interest to all foreign trade operators, mainly to customs officials, customs brokers, carriers and international forwarding agents, managers of importing and exporting companies, as well as all those (professionals and students) who wish to deepen their knowledge of the exciting world of customs and international trade. Table of ContentsIntroduction.- Institutional Structure.- Legal Instruments.- The WCO's Relationship with other Organizations.- WCO Relation with Customs Brokers.- Nomenclature and Classification of Goods.- Valuation of Goods.- Origin of Goods.- Enforcement.- Procedures and Facilitation.- Capacity Building.- Integrity.- Packages.- Other Instruments.- Research.- Appraisal of Performance.- The Agenda of the Future.- Closing Words.

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Book SynopsisThis book discusses and analyses fraud and corruption cases from many industries including construction, finance, pharmaceutical, transport, retail, medical, health, communication, education and military.The book is divided into two sections. The first part presents case studies that cover several industry sectors, including not only well-known frauds like Bernie Madoff, Wells Fargo and the Enron case, but also recent events such as the Theranos/Elisabeth Holmes case. The second section of the book includes materials on fraud and corruption such as the full text of the United Nations Convention Against Corruption, the OECD Convention on Combating Bribery of Foreign Public Officials in International Business, and the EIB’s Anti-Fraud Policy and Whistleblowing Policy. It also includes examples about current corporate anti-corruption policies from companies like Apple, Tesla and Coca Cola. For interested readers, the book offers additionally a list of films that realistically cover the topics fraud, corruption and whistleblowing.Table of ContentsIntroduction PART I: Fraud & Corruption Cases (a) International Construction/manufacturing (b) Financial Services (c) Transport (d) Communications (e) Education (f) Health (g) Energy (h) Retail (i) Military PART II: Materials (a) International Treaties/Conventions/Documents (b) Integrity Materials of International Organisations (c) National Legislation (d) Other Integrity Materials 1. Corporate Anti-Corruption Policies 2. Lists of Movies

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Book SynopsisTrade and Receivable Finance provides the definitive practical guide to the evaluation and mitigation of risk and the financing of international trade.This authoritative manual is built upon more than 42 years of experience in the trade and receivables finance market and carries the endorsement of The London Institute of Banking and Finance.The contents are comprehensive incorporating clause examples, specimen documents, financier checklists and diagrams.The traditional method of commercial lending assessment places primary importance on the ability of the borrower to repay the financier. However, this form of evaluation often results in insufficient credit appetite to release the required level of financial support for a company involved in cross border trade.When a trade-related proposition is properly evaluated so that the transactional risks are fully understood and mitigated to an acceptable level, and the source of repayment is identifiable and considered reliable, a well-structured trade and receivables finance facility reduces the risk of default when compared to conventional lending products and can generate additional credit appetite. This book will become a constant ‘go-to’ companion for transaction banking teams, bank relationship managers, specialist client-facing trade and invoice finance specialists, middle and back office trade advisory personnel, credit analysts, alternative market financiers, export development agencies and credit insurers. The techniques described in this book are applied to an extensive range of international trade scenarios inThe Trade and Receivables Finance Companion: A Collection of Case Studies and Solutions (Palgrave, 2020).Table of Contents1 IntroductionPart I Trade2 Trade Credit3 The Trade Cycle4 Commercial Terms5 Transport and ControlPart II Credit Risk6 Credit Risk7 Evaluating the Client8 Trade Loans9 SecurityPart III Trade Products10 Collections11 Bank Aval12 Letters of Credit13 Special Types of Letters of Credit14 Standby Letters of Credit15 Demand Bank GuaranteesPart IV The GoodsPart IV The Goods 33116 Nature of Goods17 Payables Finance18 Warehouse FinancePart V The Receivable19 Sales Invoice and Debt Instruments20 Evaluating the End-Buyer21 Credit Insurance22 Performance Risk23 Receivables Finance24 Invoice FinancePart VI The Proposition25 The Credit Facility Application

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Book SynopsisThis book is for people who want to understand modern trade theory, particularly the Melitz model. It lays out Melitz theory from first principles and relates it to earlier theories of Armington and Krugman. For trade theory specialists, the book produces some significant conclusions. It identifies conditions under which Krugman and Melitz models produce essentially the same results for the welfare effects of trade liberalization as those obtained from Armington, and conditions under which this is not true. These findings will be of interest to academics and policy advisors who need to understand critiques of Armington by proponents of Krugman and Melitz.For computable general equilibrium (CGE) modelers, the book shows how Melitz-style CGE models can be calibrated, solved and interpreted. A major practical contribution of the book is to show how large-scale Armington models such as GTAP can be converted to Melitz by the addition of a small number of equations and minimal alteration of the original Armington model.The book describes computational experience in solving Melitz CGE models using GEMPACK software. This experience will be of interest to researchers currently attempting to solve Melitz-based CGE models. Almost all previous Melitz studies have used GAMS software. Authors of these studies have reported computational difficulties. These difficulties did not occur in this book’s GEMPACK-based computations. The book concludes that: (a) CGE modelers can embrace Melitz while retaining their Armington-based models as powerful interpretive devices; and (b) via GEMPACK, large-scale CGE models incorporating Melitz specifications can be solved with no more difficulty than similar-dimensioned Armington models. Table of ContentsChapter 1. Introduction: What’s in the Book and How to Read It.- Chapter 2. Armington, Krugman and Melitz as Special Cases of an Encompassing Model.- Chapter 3. Optimality in the Armington, Krugman and Melitz Models.- Chapter 4. Calibration and Parameter Estimation for a Melitz Sector in a CGE Model.- Chapter 5. Melitz equals Armington Plus Endogenous Productivity and Preferences.- Chapter 6. Illustrative GEMPACK Computations in a General Equilibrium Model with Melitz Sectors.- Chapter 7. Converting an Armington Model into a Melitz Model: Giving Melitz Sectors to GTAP.- Chapter 8. Summary and Concluding Remarks.

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Book SynopsisPeter Navarro, business professor at University of CaliforniaIrvine, is author of the best-selling The Coming China Wars. His work has appeared in BusinessWeek, The Los Angeles Times, The New York Times, The Wall Street Journal, Harvard Business Review, and MIT Sloan Management Review. A gifted public speaker, Navarro has been featured on 60 Minutes and has appeared on Bloomberg, CNN, NPR, and all three major network news shows. He is a regular CNBC contributor and has testified before Congress and the U.S.China Commission. His recent books include Seeds of Destruction (with Glenn Hubbard) and Always a Winner. His free weekly newsletter is available at www.peternavarro.com.   Greg Autry is an Assistant Clinical Professor of Entrepreneurship at the University of Southern California. He holds an BA in history from Cal Poly PTable of ContentsForeword xiii Chapter 1: It’s Not China Bashing If It’s True 1 PART I “BUYER BEWARE” ON STEROIDS Chapter 2: Death by Chinese Poison: Bodies for Bucks and Chicks for Free 15 Chapter 3: Death by Chinese Junk: Strangling Our Babies in Their Cribs 29 PART II WEAPONS OF JOB DESTRUCTION Chapter 4: Death to America’s Manufacturing Base: Why We Don’t Play (or Work) in Peoria Anymore 49 Chapter 5: Death by Currency Manipulation: Crouching Tiger, Nuking Dragon 67 Chapter 6: Death by American Corporate Turncoat: When Greenbacks Trump the Red, White, and Blue 77 Chapter 7: Death by Colonial Dragon: Locking Down Resources and Locking Up Markets Round the World 91 PART III WE WILL BURY YOU, CHINESE STYLE Chapter 8: Death by Blue Water Navy: Why China’s Military Rise Should Raise Red Flags 111 Chapter 9: Death by Chinese Spy: How Beijing’s “Vacuum Cleaners” Are Stealing the Rope to Hang Uncle Sam 127 Chapter 10: Death by Red Hacker: From Chengdu’s “Dark Visitors” to Manchurian Chips 137 Chapter 11: Death by Darth Liu: Look Ma, There’s a Death Star Pointing at Chicago 151 PART IV A HITCHHIKER’S GUIDE TO THE CHINESE GULAG Chapter 12: Death to a Big Planet: Do You Want to Be Fried with That Apocalypse? 171 Chapter 13: Death by Chinese Pogrom: When Mao Met Orwell and Deng Xiaoping in Tiananmen Square 187 Chapter 14: Death by China on China: Shanghaiing the Gene Pool at the Top of the World and Other Earthly Tales 197 PART V A SURVIVAL GUIDE AND CALL TO ACTION Chapter 15: Death by China Apologist: Fareed Zakaria Floats Away 215 Chapter 16: Life with China: How to Survive and Prosper in the Dragon’s Century 233 Epilogue 261 Endnotes 265 Index 287

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Book SynopsisTrade ReviewA highly intelligent, fact-based defense of the virtues of an open, competitive economy and society. -- Fareed Zakaria * Global Public Square (CNN) *The one thing the American right and left increasingly agree on is that trade, capital flows, and immigration damage many if not most Americans. On the contrary, Professor Clausing of Reed College argues, openness to the world economy is a source of substantial gain. Neither liberal trade nor technological change is the enemy, it is foolish, even malevolent, policies that fail to help people and places to adjust to change and exploit new opportunities. * Financial Times *Amid a growing backlash against international economic interdependence, Clausing makes a strong case in favor of foreign trade in goods and services, the cross-border movement of capital, and immigration. This valuable book amounts to a primer on globalization. -- Richard N. Cooper * Foreign Affairs *An even-handed, fair-minded and up-to-the-minute primer on some of today’s most important economic debates. In [Clausing’s] consideration of who gains and who loses from economic openness, she makes a stout, evidence-led defense of the worldview disparaged as ‘globalism’ by both the Right and the Left. -- Oliver Wiseman * Standpoint *Takes on anti-globalization arguments from the left and right to make the case for open economies, while also investigating the domestic policy interventions required to address inequality in the United States. -- Rebecca Friedman Lissner * War on the Rocks *Global integration will not work if it means local disintegration. Kim Clausing’s important book lays out the economics of globalization and, more important, shows how globalization can be made to work for the vast majority of Americans. I hope the next President of the United States takes its lessons on board. -- Lawrence H. Summers, Harvard University, former Secretary of the TreasuryIt is all too easy to blame the recent troubles of advanced economies—including slower growth, rising inequality, and lower social mobility—on economic globalization. Kimberly Clausing’s comprehensive but crystal-clear new book shows that ‘the fault lies not in our stars, but in ourselves’: if only the political will is there, national policy can harness globalization as a force for inclusive growth. This is a message that thoughtful citizens of every political stripe need to absorb. -- Maurice Obstfeld, University of California, Berkeley, and former Chief Economist, International Monetary FundOpen provides a vitally important corrective to the current populist moment. Clausing brings the underlying economics to life, showing that walls won’t keep prosperity trapped within; they’ll keep new ideas out, deter valuable foreign capital, close off investment opportunities, prevent our businesses from learning from others, and destroy the vigor that comes with a vibrant immigrant community. Most important, Open points the way to a kinder, gentler version of globalization that ensures that the gains are shared by all. -- Justin Wolfers, University of MichiganAnyone interested in the biggest economic debates of our time would benefit from reading Open. Kimberly Clausing marshals a wide range of evidence and analysis to address the question of how to advance the prospects of the middle class. Her answer is a combination of timeless truths about the importance of openness updated in often novel ways to address the challenges of today’s global economy. -- Jason Furman, Harvard University, former Chairman of the Council of Economic AdvisersClausing, a respected international economist and one of the world’s leading experts on multinational firms’ responses to tax policy, has created a clarion call for a return to reason by polarizing forces on both sides of the political isle. There is something in here for people on both sides to love and to hate, but plenty for everyone to learn. -- Katheryn Russ, University of California, DavisShows that globalization and free trade can, in fact, be redesigned to help struggling ordinary Americans. * ProMarket *

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Book SynopsisThis text provides a comprehensive analysis of contemporary macroeconomics, within a European and global context. The authors balance the theoretical aspects with up-to-date policy examples throughout, allowing the reader to relate the concepts to their own economic environment.Trade ReviewBurda and Wyplosz have done a marvelous job for this eighth edition by further tweaking what has long since been an outstanding foundational book in macroeconomics. Macroeconomics: A European Text is superb in striking the right balance between theory and evidence and it remains peerless in integrating open economy aspects to the macroeconomics curriculum. The book continuous to be the go-to book for equipping undergraduate students with the thinking tools needed for understanding modern macroeconomics. * Mark Weder, Professor of Economics, Aarhus University *An excellent introduction to macroeconomics. It explains advanced concepts in easily understood models and language, with applications to real-world problems that helps students grow into mature economists. Many of Europe's economic challenges are different from those of the United States and other advanced countries, because of its unique nature of a large market made up of several smaller entities that have discretion over many aspects of economic management. It is most welcome to find a book that addresses these issues within a rigorous, yet approachable framework, that can help the reader engage in a well-informed discourse about our future. * Sir Christopher Pissarides, Regius Professor of Economics, London School of Economics *This is a superb and engaging macroeconomics text for those interested in Europe. It contains plenty of theory, empirics and case studies with excellent sections on income distribution and the global financial crisis. To be recommended strongly for those who want to teach macroeconomics for the real world. * Rick Van der Ploeg ,Professor of Economics, Oxford University *

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Book Synopsis“Magisterial history... one of the most comprehensive histories of modern capitalism yet written.”—Michael Hirsh, The New York Times Book ReviewTrade Review"...even-handed and objective." -- The Washington Post"Broad and ambitious in its sweep... One lesson with enormous contemporary resonance emerges: globalization is neither inevitable nor irreversible. Governments can choose to retreat into isolation and have often done so." -- Alan Beattie - FT Magazine"Essential reading for anyone who wants to understand the history of globalization from 1870 to the present." -- John Bruton - Irish Independent

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Book SynopsisThe African Continental Free Trade Area, established in 2018, represented a monumental step forward for Africa in terms of meeting longstanding aspirations for greater economic and political integration. But it has nonetheless been met with scepticism in some quarters, both within the continent and beyond. ''Borderless Africa'' makes the case for the AfCFTA in an accessible and compelling way, without shying away from technical and academic debates. Francis Mangeni and Andrew Mold take us on a journey through the different dimensions and implications of the AfCFTA, the largest free-trade zone in the world, starting with its underlying economic rationale. Pointing to the numerous historical examples of successful regional integration, they argue that the African continent will need to take on board such lessons as the agreement is implemented. They discuss, too, the more controversial elements of the AfCFTA, including the freedom of movement protocol, contending that this should not be

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Book SynopsisDoes globalization help everyone or just the rich? Is it the enemy of sustainability or the only hope against climate change? Rival camps are dug in, but Anthea Roberts and Nicolas Lamp find points of agreement. Isolating the value conflicts that drive the globalization debate, they show where consensus lies and argue for achievable policy change.Trade ReviewSix Faces of Globalization is a very smart book, and not just for people interested in globalization. The authors manage to help readers understand the many faces of globalization by identifying multiple narratives that fuel different political movements and perspectives of the punditocracy. Ultimately, however, this is a book not just about globalization, but also about the power and importance of narrative: how it is constructed and how it can contribute to a far more nuanced and complex understanding of the forces of change. Highly recommended. -- Anne-Marie Slaughter, CEO, New AmericaAt a time when many of us have only one view of the world, so much so that we only read the books and watch the media that support our vision, Roberts and Lamp present us with a real challenge: they lay out convincingly and comprehensively many different narratives of globalization and its political and economic effects. The book thus implicitly challenges the narrative that each of us finds most compelling. Like in a movie by Kurosawa, our view of events depends on our position. This book compels us to change our position, move out of our comfort zone, and see the world differently and more broadly. -- Branko Milanovic, author of Capitalism, AloneAnthea Roberts and Nicolas Lamp have written a brilliant and extremely valuable book. They process an enormous amount of information but also, crucially, narratives and storylines about economic globalization and offer us a new way to sort and evaluate the various claims that circulate. The debates about ‘winners and losers’ explored in Six Faces of Globalization will be with us for years and will be the stuff of headlines for the foreseeable future. -- Quinn Slobodian, author of Globalists: The End of Empire and the Birth of NeoliberalismAs in the proverbial story of five blind men trying to make sense of an elephant, globalization presents itself in different forms to its proponents and opponents. This immensely useful book clarifies the debates around globalization by developing six narratives rooted in contending values and perceptions of reality. It helps us not only understand the best version of other sides’ narratives, but also move beyond our own conceptual straitjackets. -- Dani Rodrik, Harvard UniversitySix Faces of Globalization is not one more big-think, grand-vision book on the world’s problems and how to solve them. Instead, it is an indispensable guide to how and why many people have abandoned the old, time-tested ways of thinking about politics and the economy. This is the book the world needs to read now. It deserves a spot on every shelf of books about globalization. -- Richard Baldwin, Graduate Institute, GenevaRoberts and Lamp give their readers a useful framing to understand today’s—and tomorrow’s—fights about the world economy. * Fortune *Policymakers and business leaders will appreciate this levelheaded and wide-ranging look at a hot-button issue. * Publishers Weekly *Roberts and Lamp set out to disrupt our intellectual inertia, first by mapping out the six major Western narratives of globalization, then exploring how those narratives drive policies, for better or worse. -- James Herndon * Asian Review of Books *This book is highly informative and will certainly appeal to a wide audience interested in identifying the main themes driving the US attitude towards free trade and confrontation with China. -- Enrico Colombatto * Journal of Economics *

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Book SynopsisTrade is a cornerstone concept in economics worldwide. This updated second edition of the essential graduate textbook in international trade brings readers to the forefront of knowledge in the field and prepares students to undertake their own research. In Advanced International Trade, Robert Feenstra integrates the most current theoretical approacTrade ReviewPraise for the previous editon: "No other book in advanced international trade matches this one in providing a clear, complete, up-to-date, balanced, and systematic summary of international trade theory and evidence. Its impact on the graduate education and scholarly research of international trade will be felt for years to come."—Bin Xu, University of FloridaPraise for the previous editon: "In fifteen years of teaching this material I have never used a textbook. Thanks to Robert Feenstra, my students are about to experience a dramatic change for the better. When I have a question about international trade I immediately turn to Rob Feenstra for answers and insights. He is the most distinguished empirical researcher in the field today. Not surprisingly, this book reflects both his awesome scholarship and his ability to communicate ideas simply."—Daniel Trefler, University of TorontoPraise for the previous editon: "This book is a tremendous contribution. It will quickly become 'the' main textbook in graduate international trade classes, and will be a useful reference for many others interested in the field. It is very up-to-date and is unique in emphasizing empirical testing and results, precisely what most trade economists are doing these days."—Douglas Irwin, Dartmouth College, author of Free Trade Under FirePraise for the previous editon: "Feenstra covers his topics fabulously. I hope—for the sake of our field—that this book will help to complete a revolution already underway in turning the study of international trade from speculation into a science."—Donald Davis, Columbia UniversityPraise for the previous editon: "Robert Feenstra is to be congratulated on producing this excellent book, which should be on the bookshelf of anyone interested in trade theory and empirical research on international trade."—Sisira Jayasuriya, Economic RecordTable of ContentsAcknowledgments ix Foreword to the Second Edition xi Chapter 1 Preliminaries: Two-Sector Models 1 Chapter 2 The Heckscher-Ohlin Model 25 Chapter 3 Many Goods and Factors 51 Chapter 4 Trade in Intermediate Inputs and Wages 83 Chapter 5 Monopolistic Competition and the Gravity Equation I 119 Chapter 6 Monopolistic Competition and the Gravity Equation II 155 Chapter 7 Gains from Trade and Regional Agreements 186 Chapter 8 Import Tariffs and Dumping 214 Chapter 9 Import Quotas and Export Subsidies 256 Chapter 10 Political Economy of Trade Policy 299 Chapter 11 Trade and Endogenous Growth 331 Chapter 12 Multinationals and Organization of the Firm 360 Appendix A Price, Productivity, and Terms of Trade Indexes 403 Appendix B Discrete Choice Models 419 References 431 Index 465

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Book SynopsisAuthoritative and fully up-to-date account by leading China expert on China's economic rise and how it will affect the world

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Book SynopsisGeorge Soros Ends the Speculation The outcome [of this book] is a summing up of my life''s work. . . As I finish the book, I feel I have succeeded.-George Soros from the Preface Critical praise for Soros on Soros If you have ever wanted to sit down for a candid conversation with a phenomenal financial success, George Soros''s book provides the opportunity. You will meet a complex man and a first-rate mind.-Henry A. Kissinger The best expert on Soros is undoubtedly George Soros! After all, who is better equipped to tell us what he really thinks and how he thinks, a matter of some importance given the fact that he has translated a remarkable personal financial success into a truly generous and historically significant effort to promote postcommunist democracy. -Zbigniew Brzezinski The best X-ray of the mind of the master yet. -Barton M. Biggs George Soros brings a lot more to the world of finance than the intuition and nerve of a bornTable of ContentsINVESTING AND GLOBAL FINANCE. The Investor. The Guru in Training. The Story of Quantum Fund. The Theory of Investing. Theory in Action. GEOPOLITICS, PHILANTHROPY, AND GLOBAL CHANGE. The Philanthropist. The Stateless Statesman. The Future of the United States and Open Society. PHILOSOPHY. The Failed Philosopher. The Power and the Myth. Appendix. Index.

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Book SynopsisMichael H. Moffett is Continental Grain Professor in Finance at the Thunderbird School of Global Management, where he has been since 1994. He has also held teaching or research appointments at Oregon State University (1985 to 1993), the University of Michigan, Ann Arbor (1991 to 1993), the Brookings Institution, Washington, DC, the University of Hawaii at Manoa, the Aarhus School of Business (Denmark), the Helsinki School of Economics and Business Administration (Finland), the International Centre for Public Enterprises (Yugoslavia), and the University of Colorado, Boulder. Moffett received a BA (Economics) from the University of Texas at Austin (1977), an MS (Resource Economics) from Colorado State University (1979), an MA (Economics) from the University of Colorado, Boulder (1983), and a PhD (Economics) from the University of Colorado, Boulder (1985). He has authored, co-authored, or contributed to a number of books, articles and other publications. He has coauthoTable of ContentsPART 1: GLOBAL FINANCIAL ENVIRONMENT Multinational Fin Mgmt: Challenges & Opportunities The International Monetary System The Balance of Payments Financial Goals and Corporate Governance PART 2: FOREIGN EXCHANGE THEORY & MARKETS The Foreign Exchange Market International Parity Conditions Appendix: An Algebraic Primer to Parity Conditions Foreign Currency Futures & Options Interest Rate Derivatives & Swaps Exchange Rate Determination & Forecasting PART 3: FOREIGN EXCHANGE EXPOSURE Transaction Exposure Translation Exposure Operating Exposure PART 4: FINANCING THE GLOBAL FIRM The Global Cost and Availability of Capital Funding the Multinational Firm Multinational Tax Management International Trade Finance PART 5: FOREIGN INVESTMENTS & OPERATIONS Foreign Direct Investment & Political Risk Multinational Capital Budgeting & Cross-Border Acquisitions Answers to selected end-of-chapter problems

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Book SynopsisFrom Nobel Prize winner Joseph Stiglitz, Making Globalization Work gives real, concrete ways to deal with third world debt, make trade fair and tackle global warming. In Globalization and its Discontents Joseph Stiglitz changed the views of the public and world leaders alike by showing why globalization doesn''t work for the world''s poor. In this bold, ambitious follow-up, Stiglitz shows how powerful organizations such as the UN, the IMF and the World Bank can be made to consider everyone''s interests. Stiglitz examines how change has occurred rapidly over the past four years, proposing solutions and looking to the future. He puts forward radical new solutions to the seemingly intractable international problems which we face - in forms that are more likely to be accepted both by the US and the developing world than previous proposals. Another world is possible, he argues, and is not only morally right, but of benefit to us Trade ReviewStiglitz has written an excellent book that can act as a lodestar for those who want to achieve a different and better world -- Martin Jacques * Guardian *

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Book Synopsis*NEW YORK TIMES BESTSELLER*Why do some countries succeed while others fail? What causes boom or bust? The World Trade Editor of the FT explains how the world really works.''A thorough examination of economies from the age of empire to the age of the IMF'' The Washington PostWhy do oil and diamonds lead to economic disaster more often than boom? Why doesn''t Africa grow cocaine? Why might believing in God be good for your balance-sheet?Botswana and Sierra Leone are both blessed with abundant diamonds. Why did Botswana became the world''s fastest-growing economy while Sierra Leone suffered a decade of brutal civil war?For the past two hundred years Argentina had enjoyed a vista of economic opportunity almost identical to that of the USA but in 2001 Argentina''s government bankrupted itself. Why did the USA succeed while Argentina stalled?Time and again, world leaders have failed to

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Book SynopsisIt is clear that many of the desirable features of Scandinavian societies, such as low income inequality, low levels of poverty and high levels of economic growth predated the development of the welfare state. These and other indicators began to deteriorate after the expansion of the welfare state and the increase in taxes to fund it.

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Book SynopsisTrade Review“Since the ‘Great Game’ emerged in the nineteenth century, Eurasia has long been seen as the focal point for geopolitical competition, and Gresh’s study breaks new ground in its focus on the naval dimension. . . . This intriguing study will be of interest to naval experts as well as scholars with a research interest in international relations in Eurasian, Chinese, Indian, or Russian foreign policy.”—Elizabeth Wishnick, Slavic Review“It is a must-read for scholars, policymakers, and anyone interested in the great power competition.”—Yongzheng Parker Li, Pacific Affairs“Inspired by the grand tradition of geo-strategists such as Alfred Thayer Mahan and Nicholas J. Spykman, Geoffrey Gresh’s To Rule Eurasia’s Waves wanders the seas in search of signs of competition between China, Russia and India. . . . Gresh traveled widely for his study, allowing him to enliven the narrative of great-power jousting with first-hand anecdotes from outside China’s first overseas garrison in Djibouti or the infamous Chinese port in Hambantota, Sri Lanka.”—John Delury, Global Asia“To Rule Eurasia’s Waves is extremely thought-provoking and well researched.”—Bruce A. Elleman, Russian Review“[T]his is a well-researched, useful and thought-provoking book. The methodology used to examine the growing great power competition at sea is excellent.”—Mark Bailey, Australian Naval Institute“[To Rule Eurasia’s Waves] repeatedly shows the importance of Eurasia’s narrow, strategic maritime choke points, and how this may increase the possibility of future conflicts in a globalised world. Thus, the major importance of the book is its focus on considering the Eurasian landmass as a whole and linking it to the maritime potential of various political actors in a vast and highly complicated region. With so much of the world’s trade reliant on maritime routes—along with the multidimensional nature of seapower and its impact on international relations and politics—it is certainly an important research topic.”—Mihai Murariu, Europolity“Gresh’s thoughtful and important book . . . focuses on the recent engagement by China in particular in a more assertive maritime capability system and ethos, and provides a geopolitical way to consider the resulting dynamics, one in which India and Russia are other key players.”—Jeremy Black, Erasmus Forum“Geoffrey Gresh’s lucid examination of great power competition for the world’s oceans makes clear that a once-romanticized idea of ‘Eurasia’ merits contemporary understanding in geostrategic terms.”—Alexis Dudden, University of Connecticut“To Rule Eurasia’s Waves is well written, clear, and filled with factual detail and strategic insights. Perhaps most importantly, it addresses an enduring issue for both scholars and policy makers not only in the U.S. but across the world.”—Peter Dombrowski, U.S. Naval War College“This is a superb look at the emerging competition between international maritime peers for sea control and power projection—which will be central to national destiny for the U.S., China, India, and Russia. This unfolding ‘great game’ at sea will deeply influence the geopolitics of the twenty-first century.”—Admiral James Stavridis, U.S. Navy (retired), 16th Supreme Allied Commander at NATO and author of Sea Power: The History and Geopolitics of the World’s Oceans“A comprehensive, fresh, and penetrating analysis of a changing Eurasia, using its surrounding seas to project economic and strategic influence for the first time in its history.”—John Curtis Perry, author of Singapore: Unlikely Power

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Book SynopsisA major contribution to the field of comparative state formation and the scholarship on long-term political development of Latin AmericaTrade Review“This book delivers what Max Weber never did—an empirically convincing positive theory of state formation. You’ll never think about Latin America in the same way again.”—James A. Robinson, University of Chicago “A pathbreaking account of why trade-led state formation in Latin America produced weaker states than those generated by military conflict in Europe and a powerful explanation of divergent trajectories within Latin America. Empirically rich and beautifully written, Latecomer State Formation will be required reading in comparative politics. It is the most important book on state development I have read in many years.”—Steven Levitsky, Harvard University “In this dazzling and conceptually innovative book, Mazzuca distills the core logic of state formation in Latin America. Latecomer State Formation illuminates how global historical forces shape the very size and capacity of modern states. Magisterial and incisive, it is indispensable reading for any comparative scholar of state-building in the post-colonial world.”—Maya Tudor, University of Oxford “Each page explodes with intellectual energy and new insights. It teaches a profound lesson: forming a state is not the same as state-building. Historically rich and conceptually innovative, this is the best book I have read on state-building in over a decade.”—Daniel Ziblatt, Harvard University “Trade makes states, but it makes weaker states than war. Mazzuca sheds new light on why Latin American politicians formed states that were territorially solid yet institutionally incapable. In our collective quest to understand non-European states, Mazzuca’s far-reaching study helps us draw lessons from Latin America as much as from Europe.”—Dan Slater, University of Michigan

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