International economics Books

Book SynopsisSince publication of the first edition in 2005, The International Loan Documentation Handbook has been an essential reference for lenders, their advisers and their customers, providing a practical and comprehensive review of the terms of international loan documentation. The book guides the reader, step by step, clause by clause, through the loan agreement, from start to finish. It gives detailed explanations of the purpose and commercial implications of each clause and highlights those clauses which have the biggest commercial impact. For each key clause, the text discusses some common negotiation points from the point of view of both borrower and lender. It also alerts readers to big picture issues: such as scope, flexibility, control, and syndicate democracy, as well as to pitfalls to watch out for, such as uncapitalised definitions, conflicting provisions and the role of Defaults and Events of Default. By explaining the structure and purpose of the various clauses, it equips readers with the tools to review the documents strategically and to navigate easily between the different provisions so as to follow key themes and to spot any commercial implications with ease. This definitive resource on international loan documentation, now in its third edition, provides a practical and comprehensive review of the terms of international loan agreements for bankers and lawyers at all levels of experience involved in international lending. This edition has been substantially expanded and updated to reflect significant changes since the previous edition including Brexit, post LIBOR interest options and the rise of ESG and sustainability linked loans, and includes English law concepts and a glossary of terms.Table of ContentsIntroduction PART I: ADMINISTRATIVE PROVISIONS 1. Definitions and Interpretation 2. The Facility 3. Utilization 4. Repayment, Prepayment and Cancellation 5. Costs of Utilization 6. Additional Payment Obligations PART II: GUARANTEE, REPRESENTATIONS, UNDERTAKINGS AND EVENTS OF DEFAULT 7. Guarantee 8. Representations, Undertakings, and Events of Default PART III: BOILERPLATE AND SCHEDULES 9. Changes to Parties 10. The Finance Parties 11. Administration 12. Governing Law and Enforcement 13. Schedules

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Book SynopsisThis book examines survey data to consider the extent to which public support for immigration, international trade, and foreign direct investment exists in a cohort of 38 heterogeneous countries. With economic globalization shaping daily life, understanding the determinants of public opinion is crucial for policy makers. This timely volume uses survey data from the Pew Research Center’s 2006-2014 Global Attitudes Project (GAP) in conjunction with data from several secondary sources. White identifies the factors that underlie the reluctance of some members of the public, and some societies, to view these topics in a more positive light. Specifically, he considers the roles of culture, cultural differences ("cultural distance"), and relative social and economic development as determinants of public opinion and corresponding cross-societal differences of opinion. Trade Review“Drawing on data from the Pew Research Center’s 2006–14 Global Attitudes Project (GAP) and a variety of secondary resources, White (Whittier College), in this significant contribution to global research studies and resources, explores the seemingly increasing negative and often xenophobic sentiment and lack of support for immigration, foreign direct investment, and international trade in 38 countries. … Summing Up: Recommended. Graduate students through professionals.” (S. R. Kahn, Choice, Vol. 55 (9), May, 2018)Table of ContentsPART I: Economic Globalization and Cross-Societal Cultural Differences1. A Movement towards Greater Integration of the Global Economy 2. Variation in Public Opinion of International Trade: A First Look at Cultural Distance3. Expected Winners and Losers: Economic Effects and Public Opinion Survey ResponsesPART II: Modeling the Determinants of Public Opinion4. A Primer on the Measurement of Cross-societal Cultural Differences5. An Empirical Model of the Determinants of Public Opinion on Economic GlobalizationPART III: The Influences of Cultural Distance on Public Opinion towards Aspects of Economic Globalization6. Lessons from Six European Host Countries: Does Cultural Distance Influence Opinions on Immigration?7. Cross-societal Cultural Differences and the Shaping of Opinions on International Trade 8. Public Opinion on Foreign Direct Investment Inflows: Variation in the Importance of Cultural Distance by Relative Economic Development PART IV: Implications and Opportunities9. The Determinants of Public Opinion on Economic Globalization and the Influence of Cultural Differences: A Summary of Findings 10. Some Final Thoughts and Motivation for Additional Examination

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Book SynopsisThe Eurasian Economic Union (EAEU), which includes Russia, Kazakhstan, Belarus, Kyrgyzstan, and Armenia, is a new but substantial regional organization. Significant achievements include a common external customs tariff, a customs union and a common labour market: a well-developed institutional environment has emerged to support and advance these processes, ranging from the Eurasian Economic Commission and the EAEU Court to the Eurasian Development Bank and the Eurasian Fund for Stabilization and Development. This major integration achievement also has several drawbacks and ‘stumbling stones’—some due to Russia’s dominant position, some due to the authoritarian nature of political regimes, and some due to dependence on oil and gas exports. This book presents a detailed qualitative and quantitative assessment of the Eurasian Economic Union, including the history of Eurasian integration, the macroeconomy of EAEU member states, an assessment of trade and investment links, a descriptive analysis of the EAEU Treaty, an analysis of Eurasian institutions, the sociology of integration, the EAEU’s emerging foreign economic policy, relations with the EU and China, the EAEU’s position on One Belt One Road policies, and its mid-term policy agenda. This primer text will be of interest and value for students, academics and practitioners working in economic policy and business communities and interested in the history and development of the Eurasian Economic Union.Table of ContentsIntroductionChapter 1. The History of Eurasian Integration: 1991–2016Chapter 2. Economic and Social TiesChapter 3. EAEU Governance and InstitutionsChapter 4. EAEU Common Markets: Movement of Goods, Services, Labour, and CapitalChapter 5. EAEU External CooperationChapter 6. A “Normal” Regional Integration Organization: Explaining Eurasian IntegrationConclusionAnnex: Main Events of Eurasian integration, 1991-2017

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Book SynopsisA unique insight into the decision-making and food consumption of the European consumer. The volume is essential reading for those involved in product development, market research and consumer science in food and agro industries and academic research. It brings together experts from different disciplines in order to address the fundamental issues related to predicting food choice, consumer behavior and societal trust in quality and safety regulatory systems. The importance of the social and psychological context and the cross-cultural differences and how they influence food choice are also covered in great detail.Trade ReviewFrom the reviews: "The 25 chapters, edited by a group of scientists … address the question ‘Who eats what and why?’. … It provides a good overview of the basics of food decision making and issues such as food safety. … a generous amount of information on a variety of subjects related to food choice. The subject index at the end makes it easy to look up topics. … Anyone interested in a highly readable and diverse book would find Food, People and Society worthwhile." (Elizabeth Goldsmith, Journal of Consumer Marketing, Vol. 20 (2), 2003) "This book … by a group of scientists experienced in European cross-cultural and interdisciplinary research in the special fields of consumer perceptions, sensory analysis, product image and risk research, tries to fill the gaps in our knowledge by studying the afore-mentioned processes from multiple perspectives. … essential for those engaged in product development, market research and consumer science in food and agro industries but also of great interest for students and academics interested in food perception and consumption, policy makers, health educators and nutritionists." (Advances in Food Sciences, Vol. 24 (3), 2002) "The book delivers a unique insight into decision making and food consumption of the European consumer. The volume is essential reading for those involved in product development, market research and consumer science in food and agro industries and academic research." (Chemische Rundschau, Issue 6, March, 2002)Table of ContentsPart I. Food: Introduction. Hendrik N.J. Schifferstein, Lynn Frewer and Einar Risvik.- Development and acquisition of food likes. David Mela.- The Food and I. Sensory perceptions revealed by multivariate methods. Einar Risvik.- Beliefs about fat: Why do we hold beliefs about fat. Hans Brug and Patricia van Assema.- Product packaging and branding. Rosires Deliza and Hal MacFie.- Effects of product beliefs on product perception and liking. Hendrik N.J. Schifferstein.- Consumers' quality perception. Anne C. Bech, Klaus G. Grunert, Lone Bredahl, Hans J. Juhl and Carsten S. Poulsen. Part II. People: Does taste determine consumption? Understanding the psychology of food choice. Richard Shepherd.- Food choice, phytochemicals and cancer prevention. Nigel Lambert.- Private body conciousness. Oydis Ueland.- Food neophobia and variety seeking - consumer fear or demand for new food products. Liisa Lähteenmäki.- Convenience-oriented shopping: A model from the perspective of consumer research. Bernhard Swoboda and Dirk Morschett.- Food intake and the elderly - Social aspects. Christina Fjellström.- Food related lifestyle: A segmentation approach to European food consumers. Klaus G. Grunert, Karen Brunso and Lone Bredahl.- Part III. Society: Cross-cultural differences in food choice. Anna Saba.- Appropriateness as a cognitive-contextual measure of food attitudes. Howard Schutz and Magni Martens.- The origin of the spices: The impact of geographic product origin on consumer decision making. Peeter Verlegh and Koert van Ittersum.- Marketing PDO (products with denominations of origin) and PGI (products with Geographical identities). Luis Guerrero Asorey.- Effect of communication (advertising or news) on sales of commodities. Wim Verbeke and Jacques Viaene.- Food availability and the European consumer. David Marshall.- The economics of food choice. Is price important? Christopher Ritson and Dan Petrovici.- Food choice in Europe - The consumer perspective.Susan Davies.- Beliefs associated with food production methods. Reimar von Alvensleben.- Risk perception, communication and trust. How might consumer confidence in the food supply be maintained? Lynn J. Frewer and Susan Miles.- Public participation in developing policy related to food issues. Gene Rowe, Catherine Reynolds and Lynn Frewer.- The future of European food choice. Lynn Frewer.

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Book SynopsisThe development of international trade theory has created a wide array of different theories, concepts and results. Nevertheless, trade theory has been split between partial and conflicting representations of international e- nomic interactions. Diverse trade models have co-existed but not in a structured relationship with each other. Economic students are introduced to international economic interactions with severally incompatible theories in the same course. In order to overcome incoherence among multiple theories, we need a general theoretical framework in a unified manner to draw together all of the disparate branches of trade theory into a single - ganized system of knowledge. This book provides a powerful – but easy to operate - engine of analysis that sheds light not only on trade theory per se, but on many other dim- sions that interact with trade, including inequality, saving propensities, education, research policy, and knowledge. Building and analyzing various tractable and flexible models within a compact whole, the book helps the reader to visualize economic life as an endless succession of physical ca- tal accumulation, human capital accumulation, innovation wrought by competition, monopoly and government intervention. The book starts with the traditional static trade theories. Then, it develops dynamic models with capital and knowledge under perfect competition and/or monopolistic competition. The uniqueness of the book is about modeling trade dyn- ics.Table of ContentsInternational Trade and Trade Theory.- Classical International Trade Theories.- Trade with Imperfect Competition.- Trade with Factor Mobility.- Money, Exchange Rate, and Trade.- Growth of Small Open-Economies with Capital Accumulation.- One-Sector Global Growth Models with Capital Accumulation.- Growth, Trade Patten and Structure.- Growth and Trade with Capital and Knowledge.- Trade Dynamics with Innovation and Monopolistic Competition.- Growth, Money and Trade.- Trade Patterns and Dynamics.

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Book SynopsisThe complex challenge of economic recovery and reconstruction in the Balkans is looked at in this book. The Balkan Stability Pact stands for a networked approach of international organizations to deal with these problems. This analysis critically looks into strategies, actors, and preliminary results. There are shortcomings and inconsistencies and there is some potential for transatlantic conflicts over the issue of burden sharing. There is also a risk of EU imperial overstretch facing eastern and south-eastern EU enlargement.Table of Contents1. Introduction.- 2. The End of the Kosovo War.- 2.1 Western European Problems at the Beginning of the 21st Century.- 2.2 Eastern Enlargement of NATO and the Stability Pact.- 3. Initial Situation and Post-Kosovo War Problems.- 3.1 Legacy of the Socialist Past and Basic Data.- 3.2 The Stability Pact and the Stabilization and Association Process.- 3.3 Strategic Economic Issues.- 3.4 Donor Financing.- 3.5 Special Case of Yugoslavia.- 3.6 The Problem of Economic Catching-up.- Appendix : Growth and Convergence in Open Economies.- 4. Stabilization of the Balkans: Stability Pact, Actors and Programs.- 4.1 International Actors: EBRD, World Bank, IMF.- 4.2 The European Union.- 4.3 Criticism of the European Union.- 4.4 Selected National Actors: The United States and Germany.- 5. Trade, Integration and Cooperation.- 5.1 Expanding the Existing Trade Network.- 5.2 Splitting-Up, Shadow Economic Growth, Integration and Globalization.- 5.3 Prospects for Economic Convergence.- 5.4 Transatlantic Cooperation and Policy Options.- 5.5 Forced EU Entry and EU Integration Overstretch.- 5.6 Potential Reforms.- 5.7 Big Business and International Organizations.- 6. Conclusions and Strategic EU Reform Perspectives.- 6.1 Basic Conclusions.- 6.2 Foreign Policy Dominating the Treasury.- 6.3 Improving Cooperation Among Actors in the Stability Pact.- 6.4 Problems in Transatlantic Cooperation.- 6.5 Euro Aspects of Eastern and Southeastern Enlargement.- 6.6 Long-Term Perspectives.- Appendix 1: Trade Structure in the Balkans — The Role of the EU and US.- Appendix 2: German Contribution to the Stability Pact.- Appendix 3: Experiences with Coordination from Bosnia-Herzegovina.- Appendix 4: Yugoslavia (Serbia / Montenegro).- Appendix 5 US Dollar Gross Wage Rates in Selected Transition Countries.- Appendix 6: Theoretical Aspects of the Growth of the Shadow Economy.- Appendix 7: International Financial Loans, Infrastructure Investment and Growth.- Appendix 8: IMF Status of Fund Relations with the Region.- Appendix 9: Progress Report on the Implementation of the Quick Start Package (QSP).- References.- List of Tables.- List of Figures.

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Book SynopsisThis collection of essays is dedicated to Arthur Dunkel who presided over the General Agreement on Tariffs and Trade (GATT) between 1980 und 1993. As Director-General during a crucial period for international trade, he is credited with being the chief architect of the Uruguay Round of Multilateral Trade Negotiations. Among the contributors in this volume are not only distinguished trade policy makers of today, eminent academics from international economics and law, and leaders of international institutions and business, but also prominent players in the Uruguay Round negotiations. Their experiences, reminiscences and analyses make this volume a unique contribution, offering a rare insight into what went into the Uruguay Round and the making of the World Trade Organization (WTO), and what lies beyond.Table of ContentsIntroduction: J.-P.- Delamuraz: De Arthur Dunkel - About Arthur Dunkel.- About the Authors.- The Uruguay Round: R. Ricupero: Integration of Developing Countries into the Multilateral Trading System.- B. Zutshi: Bringing TRIPS into the Multilateral Trading System.- M. Raffaelli: Bringing Textiles and Clothing into the Multilateral Trading System.- C. Yeutter: Bringing Agriculture into the Multilateral Trading System.- G. Feketekuty: Trade in Services-Bringing Services into the Multilateral Trading.- R. Hudec: The Role of the Gatt Secretariat in the Evolution of the WTO Dispute Settlement Procedure.- Globalization and the World Trading System: R. Ruggiero: Whither the Trade System Next?.- P. Sutherland: Globalization and the Uruguay Round.- H. Maucher: International Business Issues in View of Globalization and Regional Integration.- D. de Pury: Drawing National Democracies Towards Global Governance.- R. MacLaren: The Geo-political Changes during the 1980s and their Influence on the GATT.- W. de Clercq: The End of History for Free Trade?.- WTO and 'New' Issues: P. Volcker: Regionalism and the World View of Arthur Dunkel.- A. Panagaryia, T. Srinivasan: The New Regionalism: A Benign or Malign Growth?.- J. Bhagwati: Trade Linkage and Human Rights.- R. Eglin: Trade and Environment.- Sir L. Brittan: Building on the Singapore Ministerial: Trade, Investment and Competition.- M. Janow: International Competition Policy and the WTO.- J. Jackson: The Uruguay Round Results and National Sovereignty.

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Book SynopsisThe study on ’Digital Trade Facilitation in Asia and the Pacific' reviews the state of play in implementation of trade facilitation and paperless trade in the Asia and the Pacific region. It also provides estimates of the trade cost reduction potential of trade facilitation implementation scenarios, from basic compliance with the WTO TFA to full digital trade facilitation. The stduy also includes a review of paperless trade provisions in regional trade agreements as well as an introduction to the Framework Agreement on the Facilitation of Cross-Border Paperless Trade in Asia and the Pacific, as new tool to accelerate digital trade facilitation implementation in the region.

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Book SynopsisThe main purpose of this book is to expose economics graduate students and researchers to the most significant development in international trade that has taken place in the recent past. Service transactions now make up a sizeable portion of global trade. Trade in both final and intermediate inputs is done virtually through information and communication networks, raising afresh the question of the basis of trade and calling for in-depth investigation. This book succinctly comes up with a relatively new explanation for the basis of trade, thus it adds a new dimension to three existing building blocks: technology, endowment, and returns to scale. Against a backdrop of standard Ricardian and Heckscher–Ohlin competitive models of trade, the chapters of this book nicely introduce the issue of communication cost and the difference in time zones between two trading nations. Then follow many intricate phenomena such as informality, skill formation, growth, wage inequality, and decisions regarding foreign direct investment (FDI). However, imperfectly competitive models are not dealt with in great detail as they deserve more space than can be allotted to them here. Given the nonexistence of any research-oriented in-depth analyses of competitive trade models with time-zone differences, this book is a valuable addition to the resources available to researchers and policymakers interested in deciphering recent developments in global trade patterns and the subsequent welfare effect.Trade Review“This book is a very important contribution, which successfully and elegantly introduces and establishes time as a new dimension for trade. … An outstanding and attractive feature of the book is extremely well written (to the point) chapters with chapter specific reference and appendices at the end of the chapters … . The book would be of immense value for policy makers, researchers and students alike.” (Suryaprakash Mishra, Journal of Quantitative Economics, Vol. 20, 2022)“This book should find place in every shelves of academic institutions where researchers can get foods for thoughts and generate more fruitful research topics. … This book will show the reader how to tread the path in the right direction … . M-M-N ignited the lamp by providing the theoretical mechanism couched in a lucid framework, and should be congratulated for this magnum opus demarcating a clear path away from orthodoxy.” (Gouranga G. Das, Journal of Economics, Vol. 136 (2), July, 2022)“This excellent book is very timely. … In addition to being an excellent source for role of time in international trade, this book provides a great toolkit that may be used in future research to answer various research questions that deal with the role of time in the trade.” (Reza Oladi, Indian Economic Review, Vol. 55, 2020)Table of ContentsPart I Chapter 1: Introduction Chapter 2: Trade and Time Zones – What We Know Part II : The Time and The Pattern of Trade Chapter 3: Time Zone Differences and Comparative Advantage in Ricardian Model Chapter 4: Time Zone Differences and Trade in Heckscher-Ohlin Setup Chapter 5: Time Zone Differences and Monopolistically Competitive Model Chapter 6: Distance, Production, and Virtual Trade Part III: Trade, Growth and Inequality Chapter 7: Time Zone Differences induced Growth Chapter 8: Separated Time Zone Induced Growth through Virtual Trade Chapter 9: Virtual Labor Mobility and its Distributional and Allocative Impacts Chapter 10: Time Zone Differences, Service Trade and Implications for Factor Prices Part IV: Firm Heterogeneity, FDI and Financial Capital Chapter 11: FDI and Skill Formation in Context of Time Zone Differences Induced Trade Chapter 12: Time Zone Differences, Information Communication Technology, and Mobility of Financial Capital Chapter 13: Role of FDI and Time Zone Differences in The Presence of Heterogeneous Firms Part V: Conclusion Chapter 14: Conclusion and Future AgendaChapter 7: Time Zone Differences induced Growth Chapter 8: Separated Time Zone Induced Growth through Virtual Trade Chapter 9: Virtual Labor Mobility and its Distributional and Allocative Impacts Chapter 10: Time Zone Differences, Service Trade and Implications for Factor Prices Section IV: Firm Heterogeneity, FDI and Financial Capital Chapter 11: FDI and Skill Formation in Context of Time Zone Differences Induced Trade Chapter 12: Time Zone Differences, Information Communication Technology, and Mobility of Financial Capital Chapter 13: Role of FDI and Time Zone Differences in The Presence of Heterogeneous Firms Section V: Conclusion Chapter 14: Conclusion and Future Agenda Bibliography

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Book SynopsisThis festschrift volume presents discussions on contemporary issues in international economics and finance. It is aimed to serve as a reference material for researchers. There are two broad sections of the book -- International Macroeconomics and International Finance. The chapters in the International Macroeconomics section discuss critical topics like aggregate level macro model for India with a new Keynesian perspective, balance of payments, service sector exports, foreign exchange constraints for import demands, foreign direct investment and knowledge spill over, the relationship between forex rate fluctuation and investment, Institutional quality-trade openness-economic growth nexus, currency crises and debt-deficit relationship in the BRICS countries in the backdrop of COVID-19. Apart from these, various analytical issues related to macroeconomic policies are also covered in this section. The topics discussed includes the nature of forex market interventions, the issue of disinvestment and privatization, changing nature of fiscal policy, the inflation-growth nexus, macroeconomic simulation modelling, measuring core inflation, central bank credibility, monetary policy, inflation targeting, Infrastructure, trade, unemployment and inequality nexus. In the International Finance section, topics such as COVID-19 induced financial crisis, commodity futures volatility, stock market connectivity, volatility persistence, determinants of sovereign bond yields, FII and stock market volatility, cryptocurrency price formation, financialization of Indian commodity market, and a Keynesian view of the financial crisis are discussed. Overall, thirty two chapters in the volume discuss cutting edge research in the areas of the two sections. A tour de force... a lucid guide to some of the diverse and complex issues in International Macroeconomics and Finance. This collection of scholarly works is a fitting tribute to respected Prof. Bandi Kamaiah and his enviable academic contributions.- Prof. Y V Reddy, Former Governor, Reserve Bank of India This volume comprising thoughtful essays by our leading scholars on some of important policy issues that India is facing is indeed a rich tribute to Professor Bandi Kamaiah . This book will greatly benefit the academic community as well as our policy makers.- Prof. Vijay Kelkar, Chairman, 13th Finance Commission of India; Chairman, India Development Foundation, Mumbai, India Noted economists from India and abroad gather to apply the rigorous searchlight that Professor Bandi Kamaiah used so effectively in his career. Major current topics in macroeconomics and international finance are effectively explored in the volume.- Prof. Ashima Goyal, Emeritus Professor, Indira Gandhi Institute of Development Research, Mumbai, India; and Member, Monetary Policy Committee of Reserve Bank of India This volume of 32 papers in macroeconomics, international economics, and international finance is intended as a tribute to the eminent econometrician , Prof B Kamaiah. Post-graduate students and researchers will find much valuable literature in the volume, which is a fitting tribute to Prof Kamaiah. The editors and authors deserve rich compliments.- Prof. K L Krishna, Former Director, Delhi School of Economics, New Delhi, India I am so happy to hear that Dr. Kamaiah's colleagues and ex-students are bringing out a special volume of articles in his honor. Nothing can be more appropriate. Dr. Kamaiah, being a man of tremendous publications, deserves this tribute. I wish all the luck and success to the new book. - Prof. Kishore Kulkarni, Distinguished Professor of Economics, Metropolitan State University of Denver, USATable of ContentsA New Keynesian AD-AS Model for India, Incorporating the effect of Covid-19 Pandemic.- Indian Economics: Tragedy of a Forsaken Legacy.- Changing Contours of Union-State Relations.- Disinvestment and Privatisation of Central Public Sector Enterprises in India: Need And Progress.- Fiscal Stimulus and the Ghost of Keynes: An Evolutionary Chronicle.- The Global Financial Crisis and Discontent in Macroeconomics: A Revisit by a Pedestrian Keynesian.- Trade, Unemployment and Inequality in Product Variety Models - An Analytical Survey.- Evolution of Debt and Deficit in BRICS countries: Covid-19 shock and post-Covid prospects.- Do Absorptive Capacities matter for FPI-Growth Nexus? Evidence from Cross-country Analysis.- Corruption and Economic Growth: Empirical Evidence from BRICS Nations.

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Book SynopsisThis volume provides a practical guide to building and using simulation models for international trade theory and policy. Through a sequence of carefully constructed and fully documented programs, the volume illustrates how numerical simulation can be used to analyze a wide array of problems. Modern computable general equilibrium (CGE) models for trade policy are challenging in their complexity, but can be thought of as constructions of much simpler building blocks. By developing the building blocks in a consistent manner, and gradually putting them together in more complex and interesting ways, the volume makes CGE accessible to anyone with a background in microeconomics/trade theory. The volume will be useful to graduate students and researchers in international trade looking for a detailed guide to building simulation models and to developing the skill set necessary to enter into the world of CGE modeling.Table of ContentsIntroduction; Utility Maximization; Cost Minimization; Long-Run Production; Short-Run Production; Dual Approach; Transition; Higher Dimensions; Autarky; Small Country Trading Equilibrium; Large Country Trading Equilibrium; Armington Preferences; Intermediate Inputs; Joint Production; Non-Traded Goods; Tariffs and Other Distortions; Single Country Competitive CGE; Imperfect Competition; Multiple Households; Imperfect Factor Mobility; Two Country Trading Equilibrium; Higher Dimensions and Trade; Multi-Country Competitive CGE; Appendices.

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Book SynopsisInternational Finance and Open-Economy Macroeconomics provides a complete theoretical, historical, and policy-focused account of the international financial system that covers all of the standard topics, such as foreign exchange markets, balance of payments accounting, macroeconomic policy in an open economy, exchange rate crises, multinational enterprises, and international financial markets. The book uses the 1944 Bretton Woods Conference as a unifying theme to relate the many controversial issue. It is written in a lively manner to bring real world events into the discussion of all of the concepts, topics, and policy issues. There is also emphasis on the history of economic thought in order to explain how economists in different time periods dealt with international financial issues.Table of ContentsThe Balance of Payments Accounts; The Foreign Exchange Markets; An Open-Economy Macroeconomic Model; Applications of the Open-Economy Macroeconomic Model; History of the International Financial System; The Euro Area; Multinational Enterprises and International Financial Firms; The 2007-2009 Financial Crisis; Financialization;

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Book SynopsisThis book is a clear, imaginative and wide-ranging picture of the globalising world, written for a general educated readership. It is not an argument for or against globalisation but a careful and thorough analysis of the issues involved, drawing on scholarly study and debate but avoiding technical issues and demanding detail. Organised in two parts, it explores the economic theory behind globalisation, then the political and social consequences and concludes with the various options for nations in a globalised world. Distinctive in setting globalisation in a historical context also inteprets it from the point of view of a small, rich economy. In each section individual chapter focus on a particular historical experience, typically in a single country; for example, a chapter on cities and industry economies of scale focuses on New York; one on technology transfer focuses on Japan; one on nationalism focuses on Germany.

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Book SynopsisNoonomy explores the effect of modern technological shifts on human society. The author shows that technologies are about to undergo qualitative changes which will create new opportunities for personal development and the satisfaction of wants and, simultaneously, engender risks associated with growth opportunities of human interference with nature and technogenic stress on the environment. Based on the study of cutting-edge technologies and resulting socioeconomic shifts, Bodrunov makes the conclusion about the upcoming civilizational crisis. The crisis can be overcome through the formation of a new industrial society of the second generation reliant on knowledge-intensive material production and gradual removal of humans from immediate material production processes. These two trends can fully develop only subject to the transition from the current socioeconomic formation to a non-economic one–the noonomy.Table of ContentsForewordTo the Reader: A Door to the FutureThinkers Who Have Contributed to the Study of the Interconnections between Technological and Social Development Step One: Grasping RealityStep Two: Into the World of New TechnologiesStep Three: To the Threshold of Technological RevolutionStep Four: The New Industrial Society’s Second GenerationStep Five: Civilization at a CrossroadsStep Six: Nooindustrial ProductionStep Seven: Culture as an Economic ImperativeStep Eight: From Economy to NoonomyConclusion: The Path Towards Nootranformation

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Book SynopsisA sweeping, authoritative and accessible overview of major issues in the global economy from a Marxist perspectiveTrade Review'A tour de force. This Marxist analysis is both a significant addition to the literature on Marx's theory of value and an accessible introduction to why it is essential to understanding the multiple crises of twenty-first century capitalism' -- Murray E.G. Smith, Professor of Sociology at Brock University'Carchedi and Roberts make killer arguments that Marx's labour theory of value is indispensable for understanding capitalism's environmental destructiveness, economic crises, impact on knowledge production and aspects of its financial processes' -- Rick Kuhn, author of the Deutscher Prize winning 'Henryk Grossman and the Recovery of Marxism''Fundamental. Roberts and Carchedi explains the characteristics of the current world through its most objective dimension - the theory of value - which, in an anti-dialectical way, has been forgotten by the left in recent decades' -- Raquel Varela, author of 'A People's History of the Portuguese Revolution''Offers a rigorous Marxist interpretation of some of the major issues in contemporary capitalism. Its analysis is firmly based on the Marxist labour theory of value and is coupled with meticulous empirical support' -- Satvros Mavroudeas, Professor of Political Economy at Panteion University, Greece'Two of the most accomplished and prominent Marxist authors' -- Lefteris Tsoulfidis, Professor of Economic Thought, University of Macedonia, Greece'Capitalism will always be capitalism, but in the 21st century new forms, controversies and challenges have appeared ... This book masterfully shows the strength of Marx’s law of value and the alternative socialist planning' -- Juan Pablo, Professor of Applied Economics, Complutense University of Madrid'Brilliant Marxian theoretical and empirical analysis ... as if updating Ernest Mandel’s Late Capitalism for the 21st century' -- Seongjin Jeong, Professor of Economics, Gyeongsang National University'Restates Marx’s critique of political economy for today, displaying formidable theoretical rigour and command of the empirical evidence. Roberts and Carchedi offer challenging analyses of ecological catastrophe, economic crises, imperialism, robots, and socialism from which everyone will learn' -- Alex Callinicos, Professor of European Studies, King’s College LondonTable of ContentsIntroduction 1. Nature and value 2. Money, prices and value 3. Crises and value 4. Imperialism and value 5. Robots, AI, knowledge and value 6. Socialism and value Appendix 1: The value theory of inflation Appendix 2: Measuring unequal exchange of value in international trade

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Book SynopsisThe global electronics industry is one of the most innovation-driven and technology-intensive sectors in the contemporary world economy. From semiconductors to end products, complex transnational production and value-generating activities have integrated diverse macro-regions and national economies worldwide into the "interconnected worlds" of global electronics. This book argues that the current era of interconnected worlds started in the early 1990s when electronics production moved from systems dominated by lead firms in the United States, Western Europe, and Japan towards increasingly globalized and cross-macro-regional electronics manufacturing centered in East Asia. By the 2010s, this co-evolution of production network complexity transformed global electronics, through which lead firms from South Korea, Taiwan, and China integrated East Asia into the interconnected worlds of electronics production across the globe. Drawing on literature on the electronics industry, new empirical material comprising custom datasets, and extensive personal interviews, this book examines through a "network" approach the co-evolution of globalized electronics production centered in East Asia across different national economies and sub-national regions. With comprehensive analysis up to 2021, Yeung analyzes the geographical configurations ("where"), organizational strategies ("how"), and causal drivers ("why") of global production networks, setting a definitive benchmark into the dynamic transformations in global electronics and other globalized industries. The book will serve as a crucial resource for academic and policy research, offering a conceptual, empirically driven grounding in the theory of these networks that has become highly influential across the social sciences.Trade Review"Henry Wai-chung Yeung provides a comprehensive and fascinating analysis of the decisive role of global production networks in driving the shift of global electronics industry to East Asia in the early 21st century. The book features rich and detailed firm level data, an excellent resource for both teaching and research. It is a must-read for anyone seeking to understand the dominance of East Asia in the industry."—Yuqing Xing, Professor of Economics, National Graduate Institute for Policy Studies"Henry Wai-chung Yeung's highly original and insightful book provides us understanding of a deeper and wider form of global production integration than that of global value chains. These are interconnected worlds of global production. The interdependencies that he captures shed light on new possibilities for global development, but also deep challenges and risks for global development policy, as well as global business."—Michael Storper, Professor of Economic Geography, London School of Economics; Distinguished Professor of Regional and International Development, UCLA"From startling revelations about the centrality of semiconductors in modern manufacturing to current debates on deglobalization, decoupling and the reshoring of global supply chains, the electronics industry has moved to center stage in public awareness. Interconnected Worlds could not be more timely in unpacking the regional roots of global electronics and bridging academic, firm strategy and policy domains."—Gary Gereffi, Emeritus Professor and Director of the Global Value Chains Center at Duke University, Durham, NC"This book is Yeung's remarkable update on his long-time study on electronic industry in Asia and the globe, comprising semi-conductors, cell phones, PCs and displays. It reflects his intellectual journey from his early focus on inter-national political economy to a new network approach on inter-firm and intra-firm production activities across national boundaries. It is timely and extremely helpful to understand the nature of the disruptions in global value chains since the US-China trade conflicts and the Covid-19, and also to derive effective responses to them."—Keun Lee, Distinguished Professor, Seoul National University; winner of the 2014 Schumpeter Prize"Yeung [has] made a significant contribution to our understanding of how the globe's most important technology-based industries are evolving."—Robert Huggins and Andrew Johnston, Eurasian Geography and Economics"[Interconnected Worlds] offers an empirical, grounded study that will inform research on the reconfiguration of global electronics production networks in the decades to follow... No doubt it will represent a 'benchmark for assessing changes in the early 2020s and beyond'."—Chun Yang, Regional Studies"Interconnected Worlds makes an excellent contribution to explaining the evolution of electronics GPNs by the integration of companies in East Asian [sic] or, alternatively, by tracking the shift of electornics GPNs to East Asia. It is a thorough and exhaustive piece of work and easily the most complete analysis of the electronics sector in East Asia and its integration with electronics GPNs."—Seamus Grimes, Economic GeographyTable of Contents1. Worlds of Electronics: From National Innovations to Global Production 2. Changing Fortunes in Global Electronics: A Brief History 3. Global Production Networks: A Theory of Interconnected Worlds 4. Geographical Configurations of Global Electronics Centered in East Asia 5. Firm Strategies and Organizational Innovations in Production Networks 6. Explaining Production Networks: Causal Drivers and Competitive Dynamics 7. Whither (De-)Globalized Electronics Production in the 2020s? Current Trajectories and Future Agendas

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Book SynopsisThis report analyses the state of the world economy, a year and half after the Covid-19 outbreak was declared a pandemic by the World Health Organization. The first part of the Report outlines key macro-financial aspects of the global economy, focusing, in particular, on the prospects for a growth recovery while analyzing possible threats from public and private debt, from inflationary spikes as well as from a return to the policies of the past. It pays particular attention to the situation of developing countries in the system of global finance, and discusses issues of debt sustainability. As this year marks its 40th anniversary, the Report also revisits the analyses provided in previous editions in response to shocks, setbacks, and crises that have hampered development during the era of hyper-globalization and underscores its abiding call for an inclusive global economic governance. The second part focuses on climate adaptation. It calls for a transformative approach to climate adaptation, with large-scale public investment programmes to adapt to future as well as current threats, and green industrial policies to drive growth and job creation. It also details reforms of the international financial system needed to get more climate adaptation funds flowing to developing countries

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Book SynopsisThis publication outlines the region's economic performance in 2020 and analyses trends in the early months of 2021, as well as the outlook for the rest of the year. It examines the external and domestic factors that have influenced the region's economic performance, analyses the characteristics of growth, prices and the labour market, and draws attention to some of the macroeconomic policy challenges of the prevailing external conditions, amid mounting uncertainty stemming mainly from political factors. It analyses the dynamics of investment and its determinants, with a view to identifying the different variables on which public policy can act to influence the trajectory of investment. This edition also analyses the impact of the crisis caused by the coronavirus disease (COVID-19) pandemic on the region's labour markets, with a comparison of historical trends, and particular emphasis placed on the disproportionate effect of the pandemic on female and youth employment

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Book SynopsisTrade Review"No Trade is Free is a masterpiece that describes how my Administration stood up to China and fought back against the Globalists and Communists that have been ripping off American workers for decades." — Donald Trump “Bob Lighthizer is the best in the business. He completely transformed the paradigm on trade, changing the course of American history. If our leaders apply the lessons in this book, America can still have a prosperous future.” — Larry Kudlow, former director of the National Economic Council and host of Kudlow on the Fox Business Network “Over Bob Lighthizer’s decades-long career in public policy, he helped reset the direction of US trade policy and advanced the commonsense, realistic approach: recognizing that ‘no trade is free.’ His book exposes the ideological fault lines that subjected too many workers to the ravages of a naive view that free trade was a reality rather than an outdated theory. This book is a must-read for those seeking a better understanding of how we got to where we are, and how we can chart the path forward.” — Tom Conway, president of the United Steelworkers “In the wake of heightened geopolitical rivalries and worsening inequality, America is reorienting its trade policy to align with its strategic priorities. Anyone interested in understanding what unfolded in the Trump administration and the debates that lie ahead ought to read this book. Bob Lighthizer continues to challenge us to reconsider why we trade and what we hope to gain from it.” — Mark Wu, professor of law, Harvard University “For decades, Washington gave China concessions even while they grew more powerful and more hostile to our interests. No Trade Is Free is the story of how Bob Lighthizer and the Trump administration brought common sense back to the negotiating table.” — Marco Rubio, United States senator “This book is destined to be a historic masterpiece. It is an eyewitness account of a lifetime focused on better trade deals. The details of the most significant US-Chinese negotiations since Nixon met with Mao will make this riveting story a bestseller.” — Michael Pillsbury, senior fellow for China strategy at the Heritage Foundation and author of the national number one bestseller The Hundred-Year Marathon “Bob Lighthizer reopens a question forbidden in Washington for decades: Just how costly is free trade? His answer reveals defects in the entire project of globalization and lets us glimpse a path beyond it.” — Peter Thiel, entrepreneur, cofounder of PayPal, and author of the number one New York Times bestseller Zero to One “The author is a wise man whose advice we would do well to heed. Bob Lighthizer educated me on trade and economic policy during long flights on Air Force One. Now, in No Trade Is Free, what he taught me is accessible to all.” — Lieutenant General H. R. McMaster, former national security advisor and author of Battlegrounds

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Book SynopsisTrade Review"Peddling Protectionism admirably conveys the context of the events it describes, surveying America's domestic politics in the late 1920s and providing a vivid account of the foreign retaliation that the tariff called forth."--James Grant, Wall Street Journal "In his new book, Douglas A. Irwin tells the fascinating story of how Congress stubbornly passed a bill that, as opponents noted at the time, was truly doomed to fail."--Roger Lowenstein, New Republic's The Book "[Irwin's] account of how the act came about is at once a thorough study and a breezy read. The often overblown rhetoric that Smoot-Hawley has inspired, seemingly from the start, also means that the book is often surprisingly amusing... Mr. Irwin's description of how an attempt to prop up America's agricultural sector metastasised into a law that raised nearly 1,000 import tariffs, mostly on manufacturing products, is fascinating."--Economist "A vivid, anecdotal, judicious telling of a timeless story: what happens when cocksure politicians fall into the grip of a really bad economic idea."--Christopher Caldwell, Financial Times "Peddling Protectionism, by the economist and historian Douglas Irwin, is a vivid, anecdotal, judicious telling of timeless story: what happens when cocksure politicians fall into the grip of a really bad economic idea."--Christopher Caldwell, Financial Times "In Peddling Protectionism, a short, clear and graceful book, in which maps, photographs and cartoons complement the handful of tables and graphs, Irwin makes a surprisingly lively story of the tradition of tariff revisions in the United States, the domestic politics that produced the Smoot-Hawley statute, in particular the various retaliatory measures that ensued... [I]f only economists could write more books like it about other controversies!"--David Warsh, Economic Principals "A short, clear and graceful book."--David Warsh, Economic Principals "In his wonderful new book Peddling Protectionism, Dartmouth College economist and historian Douglas A. Irwin warns that congress, left on its own to fashion trade policy, will quickly be captured by special interests."--Daniel Griswold, Washington Times "Irwin's encyclopedic knowledge of the literature on Smoot-Hawley will make this the standard work on the subject for many years to come... The memory of Smoot-Hawley and its link to the Great Depression is one of the few things that keeps protectionism in check. For this reason, Peddling Protectionism deserves a wide readership."--Fiscal Times "[P]ersuasive."--Arnold Kling, Econlog "The Smoot-Hawley Tariff Act of 1930, named after two congressmen who sponsored it, raised U.S. duties on thousands of imported goods. Its ramifications on world trade reverberated for decades. In this comprehensive history, Irwin examines the political wrangling that caused the yearlong delay in its passage."--Library Journal "A rarity among books of its ilk, Peddling Protectionism is a stellar read both as a historical narrative and an economic text. As mundane as the issues at hand might sound--think of Ben Stein's famous monotonic lecture about Smoot-Hawley in Ferris Bueller's Day Off--Irwin makes them comprehensible and even enjoyable to consider, peppering his text with anecdotes and contemporary political cartoons as he unpacks the economic context that led to the act's passage."--Asa Fitch, The National "A rarity among books of its ilk, Peddling Protectionismis a stellar read... [T]hink of Ben Stein's famous monotonic lecture about Smoot-Hawley in Ferris Bueller's Day Off--Irwin makes [the issues] comprehensible and even enjoyable to consider, peppering his text with anecdotes and contemporary political cartoons as he unpacks the economic context that led to the act's passage."--Asa Fitch, National "Irwin's book is not technical; he summarizes research findings, including his own, but does not formally present models or econometric results. His approach makes the book quite suitable for the interested general reader, undergraduates, and economic historians and other economists interested in the life and times of Smoot-Hawley. Finally, this volume is well priced for individual purchase and is nicely illustrated with a number of photographs and political cartoons of the day. It is also mercifully free of the typos that plague so many university press books these days."--Anthony Patrick O'Brien, EH.Net "Irwin, an economics professor at Dartmouth College and one of the world's leading scholars of international trade, makes a careful, fact-freighted case."--David R. Henderson, Regulation "Irwin's outstanding book will teach even well-informed scholars a great deal... [H]is scholarship is impeccable; his reasoning is sure and never overreaching; and his prose is clean and direct... [T]o date the finest set of words devoted exclusively to that justly infamous spectacle of American protectionism."--Independent Review "Irwin's outstanding book will teach even well-informed scholars a great deal about the history and politics that produced the Smoot-Hawley tariff as well as about its economic and political consequences. Read Irwin's book for the important details... No better guide to Smoot-Hawley's history and consequences is available than Doug Irwin. His scholarship is impeccable; his reasoning is sure and never overreaching; and his prose is clean and direct. His little volume may not be the last word on Smoot-Hawley (Are there ever last words on any subject?), but it is to date the finest set of words devoted exclusively to that justly infamous spectacle of American protectionism."--Donald J. Boudreaux, Independent Review "[I]rwin's recent book Peddling Protectionism demolishes the conventional wisdom [of the Smoot-Hawley tariff]."--Robert J. Samuelson, Wilson Quarterly "[Irwin's book is] eminently readable, and will be of interest to all those concerned with trade policy and the trading system, as well as being valuable for upper division undergraduate seminars. The particulars of the political arguments for and against SH, the quotes of opinions of policy makers, and the marshalling of evidence regarding policy choices and attempts at international cooperation make the period come alive and simultaneously enable a balanced assessment regarding the role of trade policy and its determinants."--Anne O. Krueger, Journal of World Trade Review "[T]his book is a welcome contribution to the field. Several of the old 'wisdoms' regarding the tariff are presented and analysed, and the empirical evidence brought forth by Irwin is convincing. The course of events is concisely presented in a chronological manner. Irwin has collected quite a number of political cartoons, caricatures and quotations to illustrate the debate of contemporaries and scholars that both entertain and point to the gravity of the issue. All this adds nicely to the economic analyses. The lines of arguments and the analyses of the author in the book are convincing and accessible to both scholars and the general reader."--Peter Hedberg, Scandinavian Economic History Review "It is, to put it mildly, a challenge to write an interesting and lively history of tariff policy. In his graceful study of the Smoot-Hawley tariff, economist Douglas Irwin successfully rises to the task... Scholars of the period will find much that is valuable in Irwin's analytical and readable narrative."--Jason Scott Smith, Journal of American Studies

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Book SynopsisJeffrey D. Sachs presents timely and achievable plans to foster global economic growth and shift from war making to peacemaking. A New Foreign Policy explores both the danger of the “America first” mindset and the concrete steps the United States must take to build a multipolar world that is prosperous, peaceful, fair, and resilient.Trade ReviewForceful and angry, Sachs verges on hyperbole in his indictment of America past and present, but he does highlight the perils of continuing on the same path. * New York Times Book Review *His new book is entitled A New Foreign Policy: Beyond American Exceptionalism, and there is much inside to be celebrated. I never thought I would utter the words “I agree with Jeff Sachs,” let alone put them in print, yet here we are. * American Conservative *Highly recommended. * Choice *A challenging departure from the Beltway assumption that America has acted as a force for good in the world. * Financial Times *Sachs provides a broad alternative vision not only to the Trump administration’s foreign policy, but to past U.S. foreign policy more generally. * LSE Review of Books *A worthwhile read, in which Sachs demonstrates expertise on vastly different policy fields and makes a convincing case that abdicating the toxic intersection of militarism and exceptionalism is key to building a brighter future, both in the U.S. and around the world. * Global Policy *Jeffrey Sachs is one of the few prominent American academics who dares to make the bold case that the US has been on the wrong track for decades. Its non-academic style makes this book accessible to any reader who wants to gain a broad understanding of what is driving American grand strategy * International Spectator *Table of ContentsPrefaceIntroductionPart I: U.S. Exceptionalism in a Changing World 1. From Exceptionalism to Globalism2. Exceptionalism as the Civic Religion3. The Era of Global Convergence4. Eurasia on the Rise, America on the Sidelines5. Russia-U.S. Relations in the Changing World Order Part II: America’s Wars 6. American Imperialism and “Wars of Choice”7. Contradictory Promises and a Century of Conflict in the Middle East8. North Korea and the Doomsday Clock9. Trump's National Security Strategy Part III: U.S. Foreign Economic Statecraft 10. The Economic Balance Sheet on “America First”11. Foreign Policy Populism12. Economic War with China13. Will Trump Hand China the Technological Lead?14. Toward a World Economy of Regions Part IV: Renewing American Diplomacy 15. From Diplomatic Leader to Rogue Nation16. The Ethics and Practicalities of Foreign Aid17. Managing Migration and Immigration18. Achieving Sustainable Development19. A New Foreign Policy for American Security and Well-BeingNotesReferencesIndex

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Book SynopsisSara Hsu and Jianjun Li explore the transformative potential of China’s financial-technology industry, describing the risks and rewards for participants as well as the impact on consumers. Offering expert analysis of market potential, risks, and competition, as well as case studies of firms, China’s Fintech Explosion is a must-read.Trade ReviewChina has emerged as a leader in the global fintech industry, but there has been limited insight into this development. This book provides a wonderful summary of China’s fintech development, covering topics such as digital payment systems, peer-to-peer lending, and online consumer credit. From this book, we can understand how these emerging fintech businesses are changing the way Chinese consumers pay, borrow, and invest, and we receive a roadmap for the future of China’s fintech industry. -- Bohui Zhang, executive associate dean and presidential chair professor, Chinese University of Hong Kong, ShenzhenFintech started in the West, but to fully understand its adoption and innovation one must look East. This book does precisely that. It is an informative and comprehensive guide to the fast-moving area of fintech in China. This book goes beyond the techno-provision of credit to the underfunded and covers all areas of fintech, neatly blending contemporary information with analysis, case study, and research review. It is a must-read for the scholar and the student as well as those who wish to understand fintech in China. -- Kent Matthews, Sir Julian Hodge Professor of Banking and Finance, Cardiff Business School, Wales, and Nottingham University Business School Ningbo, ChinaWhile most writing on fintech takes a vertical approach to the field, this book’s integrative approach will become more valuable as point-solution start-ups begin to build the more multifaceted solutions long offered by incumbent financial-services firms. It is also accessible to anyone looking to gain a better understanding of the current state of affairs of fintech in China—certainly a good text for fintech courses in undergraduate and graduate programs. -- Drew David Pascarella, associate dean for MBA Programs and founder of the Fintech Intensive, Samuel Curtis Johnson Graduate School of Management, Cornell UniversityThe book is recommended for scholars who are interested in China’s fintech industry and modern banking sector, the Chinese economy, Chinese technological innovations, and the rise of global financial technology, especially those whose access to relevant information is limited to non-Chinese sources. * China Information *Table of ContentsPrefaceAcknowledgments1. Overview of China’s Fintech Industry2. Digital Payment Systems3. Peer-to-Peer Lending and Crowdfunding4. Online Consumer Credit, Online Supply Chain Finance, and Internet Banks5. Online Investment and Insurance6. Blockchain Finance and Virtual Currencies7. Disruption of Traditional Banking8. Risks of Fintech and Regulatory Technology9. Credit Reporting and Key Financial Technologies10. Outlook and Summing UpNotesBibliographyIndex

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Book SynopsisAcclaim for previous edition:'Benjamin J. Cohen's Advanced Introduction to International Political Economy evaluates the fragmented intellectual landscape of international political economy and suggests points of convergence, if not integration, among its varied elements. His analysis is wide-ranging and balanced, geographically and in its examination of a variety of standpoints; it is engaging in its combination of sympathy and criticism. All advanced students of the field will benefit from reading it.'- Robert O. Keohane, Princeton University, US Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. Now in its second edition, Benjamin J. Cohen's introduction provides a comprehensive and up-to-date global survey of the field of international political economy. With detailed discussions regarding the divergent paths of different schools of thought in the field, this unique guide explores the links between contending factions. This Advanced Introduction gives students access to the multiple analytical styles and traditions of all perspectives in this rich field of study. Key features of the second edition: ? Concise introduction to the field in an accessible, non-technical form updated with the most recent discussions in IPE? Further in depth analysis of the most established American and British schools of IPE? Extended discussion of other key regions contributing to IPE, including Continental Europe, Latin America, Australia, Canada and China. Written in a concise and dynamic style, this Advanced Introduction serves as a thoughtful entry point text for advanced undergraduate and graduate students, as well as being an excellent go-to resource for scholars specializing in international political economy.Trade ReviewAcclaim for previous edition:'There is no better guide through the terrain of international political economy. Jerry Cohen has been a major contributor since the contemporary field emerged in the late 1960s at the intersection of international relations and international economics. He remains a superbly clear writer with first-hand knowledge of the key developments in what is now a truly global discipline. I recommend this book enthusiastically for introductory courses at the undergraduate or graduate levels.' --Louis W. Pauly, University of Toronto, Canada'A concise, readable and deeply informed survey of different approaches to international political economy. Essential reading for students in the field. Even advanced professionals will appreciate the diversity of perspectives examined. Cohen aims to create a more open field of IPE that appreciates and learns from difference. This book is a major contribution towards that goal.' --David A. Lake, University of California, San Diego, US'Jerry Cohen occupies that rare position from which, when he defines a field, other people sit up and take notice. Here, his experience, insight and vision are brought to bear on how best to define international political economy (IPE) for students who are already familiar with its basic subject matter. Written with his usual panache and in his usual engaging prose, this is a must-read book for both advanced students of IPE and the people who teach them.' --Matthew Watson, University of Warwick, UKTable of ContentsContents: 1. Introduction 2. The American school 3. America’s “Left-Out” 4. The British school 5. Britain’s “Far-Out” 6. Continental Europe 7. Latin America 8. China 9. The geography of IPE 10. What have we learned? Index

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Book SynopsisThis collection explores 18th-century theories of international market competition that continue to be relevant for the 21st century. “Jealousy of trade” refers to a particular conjunction between politics and the economy that emerged when success in international trade became a matter of the military and political survival of nations.Trade ReviewThese are very remarkable essays and it is invaluable to have them published in collected form. Dr. Hont has for many years been working on the interaction of political economy and political theory in the eighteenth and nineteenth centuries, and his knowledge of this field is unrivalled. He is able to study it in Central European, French, and British settings and perspectives, and his familiarity with recent (often Cambridge-inspired) developments in the methodology of intellectual history equips him especially well to present it to English speaking scholars. He is authentically a master in this field, and it is an exciting prospect to have his works in a single volume. -- J.G.A. Pocock, Johns Hopkins University, author of The Machiavellian MomentIstvan Hont, a prominent member of the influential "Cambridge School" of the history of ideas, is one of the most able and respected historians of early modern political thought and political economy writing today. This collection brings together Hont's most important work of the past 22 years, work that has helped to re-shape our understanding of Enlightenment thought, particularly the attempt by a wide range of philosophers and social theorists to comprehend the dynamics and evaluate the moral standing of emerging market societies in the West. -- E.J. Hundert, The University of British Columbia, author of The Enlightenment's Fable: Bernard Mandeville and the Discovery of SocietyIstvan Hont's book treats the most decisive transformation in the modern understanding of politics with unique intellectual boldness and unmatched depth of scholarship. He shows far more clearly than any previous interpreter just how and why the nature and consequences of international trade have come to set the agenda for coherent political action for every modern population. This is the intellectual backdrop to the chaotic and hazardous politics of today and tomorrow. Mastering it is a prerequisite for any possibility of a more orderly and dependably benign political future. -- John Dunn, University of Cambridge, author of Setting the People Free: The Story of Democracy[A] major new study...Jealousy of Trade is a collection of pioneering essays in the history of political and economic thought, focused on a period extending from the seventeenth to the nineteenth centuries...Hont presents his argument with an absorbing combination of scholarly erudition and analytical force. But his project remains a deliberately historical one. Its aim is to rewrite the history of modern liberalism, beginning with its foundations...Hont departs from the revisionist projects of Pocock and Skinner. In opposition to them, he seeks neither to recover nor to renovate traditions of political thought occluded by the subsequent triumph of liberalism. His purpose, instead, is to restore to the long history of liberalism its properly sceptical foundations. He begins by debunking the liberal legend of the benign progress of modern liberty. At the same time, Hont refuses to endorse the counter-mythologies of Marxism and socialism. In striving to maintain this disabused perspective, Jealousy of Trade provides an account of the development of modern political argument freed from the ideological distortions bred by party-polemical zeal. Its ambition here is conspicuous, but so too is its intellectual energy and imagination. It is a landmark contribution to its field. -- Richard Bourke * Times Literary Supplement *Hont's painstaking work on Enlightenment political and economic discourse is historically invaluable, because it reveals the epoch-making impact of emergent global commercial empires, and forces us to recognize that the histories of individual European nation-states are really the products of a transnational (and ultimately global) process at once political and economic. -- David W. Bates * International History Review *What this book in any case shows is that eighteenth-century political and economic thought still holds a [many] secrets and unexplored territory that, if dealt with carefully, can enrich present-day reflection on the challenges of global markets and international peace. Not in the least, the message of Jealousy of Trade implies a forceful argument addressed to economic theorists not to disregard the international political conditions under which eighteenth-century thinkers developed political economy, as well as those under which their nineteenth-century equivalents turned it into a science. -- Koen Stapelbroek * Storia del Pensiero Economico *

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Book SynopsisTrying to trade stock, bond, commodity and currency markets without intermarket awareness is like trying to drive a car without looking out the side and rear windows--very dangerous. In this guide to intermarket analysis, the author uses years of experience in technical analysis plus extensive charts to clearly demonstrate the interrelationshps that exist among the various market sectors and their importance. You''ll learn how to use activity in surrounding markets in the same way that most people employ traditional technical indicators for directional clues. Shows the analyst how to focus outward, rather than inward, to provide a more rational understanding of technical forces at work in the marketplace.Table of ContentsA New Dimension in Technical Analysis. The 1987 Crash Revisited--An Intermarket Perspective. Commodity Prices and Bonds. Bonds Versus Stocks. Commodities and the U.S. Dollar. The Dollar Versus Interest Rates and Stocks. Commodity Indexes. International Markets. Stock Market Groups. The Dow Utilities as a Leading Indicator of Stocks. Relative-Strength Analysis of Commodities. Commodities and Asset Allocation. Intermarket Analysis and the Business Cycle. The Myth of Program Trading. A New Direction. Appendix. Glossary. Index.

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Book SynopsisAcclaim for Trader''s Tales I have rarely gone through a day without hearing a joke about WallStreet. Ron Insana captures the essence of the culture that createsthose jokes with one hilarious tale after another. This book isgreat fun. -Stanley Druckenmiller Managing Director, Soros FundManagement. Ribald tales and outrageous jokes are as much a part of WallStreet as subordinated debentures, and Ron Insana has siftedthrough years of financial lore to collect the best of them. Afunny, funny book, certain to draw a chuckle and a wry smile ofrecognition from even the stiffest Masters of the Universe. -BryanBurrough Coauthor, Barbarians at the Gate. You can''t beat Wall Street for witty and outrageous behavior. RonInsana captures it. -Michael Steinhardt Managing Partner,Steinhardt Partners. Having worked on Wall Street for 20 years, I thought I had heardand seen it all. The secrets revealed in this book, however, areabsolutely shocking. -Elaine GarzarelliTable of ContentsAn Early Tale. The Floor Trader. Life in the Pits. The Trading Desk. Women on Wall Street. Greed, Gaming, and Trickery. Investors' Tales. Crash Tales. Street Talk. Constellations and Calender Quirks. Name Index.

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Book SynopsisTrade Review"The book is readable for both economists and political scientists. I recommend Currency Politics to both sets of scholars. Economists will learn about the political aspects of exchange-regime choice and political scientists about the economic aspects."--Lawrence H. Officer, EH.Net "In Currency Politics, a quarter century of scholarly rumination has been distilled in one definitive treatment... His attention to detail is remarkable, and wherever the data permit, he backs his qualitative discussion with solid quantitative analysis... Readers unfamiliar with any of these episodes will find the treatment enlightening, even fascinating."--Benjamin J. Cohen, Journal of Economic Literature "A considered and compelling case for the relevance of political economy to explaining currency policy... Explains monetary economics with such clarity that it is unusually accessible... Think of it as occupying the middle ground between pop economics titles, like Freakonomics, and more formidable volumes, such as Thomas Piketty's Capital in the Twenty-First Century."--Jenny McArthur, LSE Review of Books "Frieden undertakes careful examination of currency politics... [M]eticulous [and] well-informed... Recommended."--ChoiceTable of ContentsPreface vii Acknowledgments xi Introduction The Political Economy of Currency Choice 1 Chapter 1 A Theory of Currency Policy Preferences 19 Chapter 2 The United States: From Greenbacks to Gold, 1862-79 49 Chapter 3 The United States: Silver Threats among the Gold, 1880-96 104 Chapter 4 European Monetary Integration: From Bretton Woods to the Euro and Beyond 137 Chapter 5 Latin American Currency Policy, 1970-2010 186 Chapter 6 The Political Economy of Latin American Currency Crises 220 Chapter 7 The Politics of Exchange Rates: Implications and Extensions 246 Conclusions 264 References 267 Index 283

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Book SynopsisFor the first time in history, the globe is dominated by one economic system. Capitalism prevails because it delivers prosperity and meets desires for autonomy. But it also is unstable and morally defective. Surveying the varieties and futures of capitalism, Branko Milanovic offers creative solutions to improve a system that isn't going anywhere.Trade ReviewA brilliant sequel to the pathbreaking Global Inequality. Drawing on original research and a typically wide sweep of history, Branko Milanovic poses all the important questions about our future. -- Gordon Brown, former Prime Minister of the United KingdomBranko Milanovic, a master economic statistician, here divides modern capitalism broadly into two versions: the ‘liberal’ one found in the West, and the ‘political’ one that has emerged in China. In this searching and richly argued work he weighs the choices we face and discusses whether the future may lie with one version, alone. -- James K. Galbraith, author of The End of NormalLeaves little doubt that the social contract no longer holds. Whether you live in Beijing or New York, the time for renegotiation is approaching. -- Edward Luce * Financial Times *Countries with larger tax cuts experienced bigger increases in inequality… [The consequences] are richly detailed in Capitalism, Alone… Builds on Milanovic’s previous book, Global Inequality… Ideally the two should be read together… [Milanovic] belongs to a new generation of data-driven economists who have helped track what has happened to income distribution in recent years. -- Liaquat Ahamed * New Yorker *Milanovic outlines a taxonomy of capitalisms and traces their evolution from classical capitalism before 1914, through the social-democratic capitalism of the mid-20th century, to ‘liberal meritocratic capitalism’ in much of the rich world, in particular America. He contrasts this with the ‘political capitalism’ found in many emerging countries, with China as the exemplar. These two capitalistic forms now dominate the global landscape. Their co-evolution will shape world history for decades to come. * The Economist *Few economists can compete with [Milanovic’s] stunning erudition, or with his skill in weaving together seemingly disparate figures with complex philosophical ideas to produce a coherent thesis that feels highly relevant to our troubled times. Capitalism, Alone is one of the most ambitious economics books published this year, in terms of its breadth and scope, and definitely one of the most fascinating. * ProMarket *The book is erudite, illuminating…Milanovic is well credentialed to take on this large and daunting subject…Scholarly and festooned with data, but also narrative in style and engaging to read…Milanovic chronicles the rise of authoritarian capitalism, both in nations that once epitomized liberal capitalism such as the U.S. and in countries like China, which are partly capitalist but show no signs of turning liberal…As a virtuoso economist, Milanovic is superb when he is compiling and assessing data. -- Robert Kuttner * New York Review of Books *A remarkable book, possibly the author’s most comprehensive opus so far…I highly recommend Capitalism, Alone to all readers and scholars interested in challenging their understanding of the (supposed) sole socio-economic system we live in. -- Roberto Iacono * LSE Review of Books *An extraordinarily valuable book for anyone who wants to gain an understanding of current topics in economic research and their bearing on policy debates. -- Matt Mazewski * Commonweal *May turn out to be a seminal work on the fin de siècle de capitalisme…His conclusions and concepts, make extraordinary contributions to considerations of the state of capitalism. * Business Day *A scholar of inequality warns that while capitalism may have seen off rival economic systems, the survival of liberal democracies is anything but assured. The amoral pursuit of profit in more liberal capitalist societies has eroded the ethical norms that help sustain openness and democracy, he argues; now that tendency threatens to push such places in the direction of more authoritarian capitalist societies, such as China. * The Economist *This fascinating book offers a big-picture view of economic and social history over the past two centuries…But Milanovic is not confident that a more equal capitalism will emerge. -- Richard N. Cooper * Foreign Affairs *An ambitious and provocative examination of the present and the future of capitalism. It is a valuable, data-rich, and thoughtful addition to several recent books examining the challenges facing this economic system…Milanovic says that while capitalism cannot be replaced—at least in the foreseeable future—it can be improved. -- Zia Qureshi * Finance & Development *Attempts to make sense of the new world order and what could come of it. For that, it deserves to be read…An interesting and important read about the state of capitalism today and the directions it may take in the future. Milanovic’s history of focusing on economic data—rather than simplistic theory—and his healthy skepticism of meritocratic capitalism ensure that Capitalism, Alone will inform and provoke readers. * New York Journal of Books *Capitalism, Alone is an excellent work that covers a broad swath of the history of modern capitalism. -- Edward Wolff, author of A Century of Wealth in AmericaMilanovic has written what may be his most ambitious book yet. Featuring his trademark clarity and erudition, Capitalism, Alone contains wide-ranging and thoughtful insights into the nature of capitalism as it is currently structured and considers how it will evolve in the coming century. -- Arjun Jayadev, Azim Premji UniversityBranko Milanovic, the master narrator of global equality, brings an entirely new perspective to the topic in this remarkably astute book. By tracing the deep and evolving ideological foundations of capitalism and communism and analyzing the rise of Asia and particularly China, he contributes thought-provoking insights on the critical role of institutions and ideology for the long-term prospects of global economies. -- Debin Ma, London School of Economics and Political ScienceWhen politicians, pundits, and academics speak of a growing competition, or even a New Cold War, between the United States and China, one thing that is not asked enough is what is being competed for. Likewise, when we speak of an ‘American’ or ‘Western’ model, in contrast to a ‘Chinese’ one, it is worth asking what or who exactly is being modeled, and to what end. One of the virtues of Branko Milanović’s new book, Capitalism, Alone, is that it addresses these questions head-on and with useful insights and results. -- Nils Gilman * American Interest *Milanovic gives an impressive amount of space and effort in his book to provide a thorough analysis of the role of corruption in globalization…What I have always most valued about Branko Milanovic is his willingness to follow his intuition to open up new aspects of the political discussion. I may not agree with him on some issues, but I always come away greatly enriched by the experience. -- Mathew D. Rose * Brave New Europe *A data-rich, provocative account of where capitalism is today and where it may be headed. -- Samuel Hammond * Quillette *A gift to those of us grappling with economic and political inequality, as we seek ways to promote a fairer and more productive, sustainable society. -- Tim Page * Trades Union Congress (TUC) blog *[The] first three chapters are brilliant, original and make for gripping reading…Relish the erudition and panache. -- Duncan Green * From Poverty to Power *An excellent new book on the past, present, and future of economic systems. -- Umair Javed * Dawn *Milanovic writes as a good teacher, telling us what is coming, sharing the content, and then reminding us what we just learned. He takes the reader on diverting side journeys into the history of communism, the implausibility of a universal basic income, and even a brief summary from first principles of the past development and possible trajectories of Western liberal capitalism. The effect can be both exhilarating and overwhelming…Capitalism, Alone is a book to scribble questions all over, and then read again. -- Glyn Davis * Inside Story *Milanovic’s method is eclectic and empirical, informed by Marxist concepts but not limited to them. -- Max B. Sawlicky * Jacobin *Milanovic’s greatest contributions in Capitalism, Alone come from his fresh approach to the history of different capitalist countries. His taxonomy of Western countries evolving from classical, social-democratic, and now liberal-meritocratic capitalism helps us put the current state of affairs into better context and think about the ways policy can and cannot improve the system…His analysis of the forces and magnitudes of different kinds of inequality give a more nuanced story than is often found in public discussions. -- Will Compernolle * Liberal Currents *The conceptions of political and liberal meritocratic capitalism prove to be both novel and compelling…Milanovic’s proposition is valuable as framework for understanding the future of political capitalism, within China and beyond. -- Panthea Pourmalek * Journal of East Asian Studies *A readable and thought-provoking book, providing a concise introduction to some of the most important issues of our time. -- Kevin Hjortshøj O’Rourke * Society *[Milanovic] brings readers broader perspectives than most western economists. -- Martin Sandbu * Financial Times *

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Book SynopsisNOW A MAJOR SKY ATLANTIC SERIES From the international bestselling author of Gomorrah, this searing exposé reveals how dirty money and the drug trade are at the heart of our lives, our economy, and our worldIn many countries, 'zero zero' or double zero flour is the finest, best flour on the market. Among narco-traffickers, then, 'zero zero zero' is the nickname for the very purest, highest quality grade of cocaine. From Mexican cartels to Milanese financiers, Guatemalan mercenaries to Ukrainian warlords, Calabrian traffickers to the traders in Wall Street and London who wash the money clean, this is an unforgettable story that goes around the globe and through every level of society to show the extent to which the drug trade affects us all.Weaving together stories, interviews, wiretaps and his own experience of the criminal underworld, Saviano reveals an international narco-state, which, in the wake of the financial crisis, is now the pillar of our global economy. It is the perfect synthesis of modern capitalism, where everything is for the taking - and all is consumed, ruined and destroyed.Trade ReviewThe most important book of the year ... Here it is, laid bare: cartel as corporation, corporation as cartel; cocaine as pure capitalism ... Saviano realises the brutal truth: that to understand narco-traffic is to understand the modern world ... it is revolutionary -- Ed Vulliamy * Observer *Impassioned . . . a literary style that switches from vivid descriptions of human depravity to a philosophical consideration of the meaning of violence in the modern world. -- Misha Glenny * Financial Times *Vivid . . . lands a resounding thump to the solar plexus * Economist *A powerful work of reportage . . . it goes to the heart of the financial sector's dependence on drug capital and its depredations -- Ian Thomson * Telegraph *After reading Saviano, it becomes impossible to see Italy, and the global market, in the same way again. * The New York Times *Saviano is a blazingly vivid and courageous writer. * Independent *Saviano has an astonishing ability to write luminously yet subtly about terrible things. * Le Parisien *A national hero. * Umberto Eco *Brave and passionate * Guardian *Saviano should be commended for his bravery, and supported by all who share his revulsion. * Observer *

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Book SynopsisWhat’s wrong with buying regular coffee? Does Fair Trade necessarily mean ethical trade? What impact can consumers have on global economics? Fair Trade: A Beginner’s Guide reveals why Fair Trade means more than just bananas, coffee, and chocolate. Author and activist Jacqueline DeCarlo explains the principles behind Fair Trade and its development into a powerful economic tool. Packed with inspiring ways to make a difference, this book will encourage readers of all backgrounds to help end poverty,environmental destruction, and human exploitation.Trade Review"A valiant effort to fill an umet need in providing people a fairly inviting primer on fair trade." * Green LA Girl *

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