Search results for ""Edward Elgar Publishing Ltd""

The restoration of the Florida Everglades, the largest ecosystem restoration project in the world, is now underway. Missing from the original plan, however, is a study of the region's cities and farms and the economic impact their growth will make on this already endangered ecosystem. This book provides that analysis.Richard Weisskoff applies the widely-used Regional Economic Modeling Inc. (REMI) model to forecast the future of South Florida's six million-person, $300 billion economy. In addition, he supplies four significant pieces to the model, namely, detailed projections for agriculture, investment, tourism, and restoration spending. By integrating these and the results of a second economic modeling system (IMPLAN), he traces out three development paths for the region to the year 2030, and the demands for water and urban land required for each path.Also featured are the results of two land use/land cover surveys which are then used to measure the change in the value of ecosystem services in the Everglades region. The author provides an economic history of the region and statistically documents the transformation of the original Everglades into the sprawling cities and the sugar-citrus-cattle emporium, all of which share the same fragile ecosystem. The study concludes that the ultimate success of the restoration of the Everglades will depend on choices made regarding the future of the region's cities and farms.While the volume focuses on the Everglades, it serves also as a case study for other such restoration projects. Ecological and environmental economists, regional scientists, planning professionals, and government agencies will find this timely volume of great interest.

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This comprehensive collection brings together major articles written by leading economists, political scientists and legal scholars to analyse the complexities of the modern global system of intellectual property rights (IPRs) and its relationship with the WTO. The papers selected consider the role of IPRs in the knowledge economy, itself a force for rapid globalisation. They first place IPRs into context as a trade issue and their controversial role within the WTO. Several articles analyse the ability of IPRs to encourage innovation and support markets, emphasising controversial problems in developing countries: special attention is given to the role of patents in biodiversity and essential medicines. Additional contributions provide important theoretical and empirical perspectives on the economics of IPRs in the global economy, including effects on trade, investment, innovation, growth, and technology policies. This authoritative volume will be an important source of reference for scholars and policymakers seeking to understand the development and trade impacts of intellectual property protection.

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This book examines the 'new' areas of telecommunications technology, focusing particularly on fixed data communications (including the internet) and mobile telecommunications (including the mobile internet). A sectoral systems of innovation approach is used as a conceptual framework for the analysis of the telecommunications sector, in terms of equipment, access and content.The authors consider the emergence and expansion of new technologies and explore how the sectoral system of innovation is evolving and how previously independent systems are now converging. In particular, they address the question of equipment production and the provision of intangible service products such as internet access and content. By addressing the production of both goods and services, they highlight the critical interdependence of service innovations and manufacturing innovations.Some of the specific topics discussed within the book include: the challenges for Europe of fixed data communications second and third generation mobile telecommunications systems data communication via satellite and television subsystems the dynamics and trends of the internet services industry policy implications for the future of the telecommunications sectoral system of innovation. The book is a comprehensive theoretical, empirical and policy oriented account of the emergence and evolution of the sectoral system of innovation of the internet and mobile telecommunications. It will be an invaluable source of reference for academic researchers and policymakers in the fields of macroeconomics, industrial economics and innovation, as well as consultants and firms operating in the communications industry.

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This book is a synthesis of the author's ideas and research concerning the monetary consequences of trade flows, and the relevance of conventional balance of payments adjustment theory. These ideas are considered mainly in the context of developing countries, many of which suffer from deep structural difficulties and severe foreign exchange shortages.Mainstream economic theory regards the balance of payments to be self-adjusting, meaning that the impact of the balance of payments on the growth and development process is neither considered nor analysed. In contrast, the author emphasises the importance of integrating monetary considerations into trade theory and argues that the balance of payments consequences of trade policy need to be carefully addressed. This approach has a number of implications for important issues such as the sequencing of trade liberalisation; the role of the exchange rate in equilibrating the balance of payments; the case for protection; and the way in which the importance of export growth is articulated. Some of the ideas expressed have a long and distinguished ancestry, but they are not part of the mainstream orthodoxy and need airing in a world increasingly divided into rich and poor countries. The author also considers the case for a new international economic order which would better serve the needs of developing countries, particularly by stabilising primary product prices and controlling speculative capital flows.Trade and development economists, and policymakers concerned with economic growth and development, will appreciate the original and illuminating research in this book.

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Despite continuing equal opportunity approaches, women are still significantly under-represented at senior management levels and earn less than male colleagues. The author questions whether competence systems - developed and implemented in the workplace to provide objective measurement of management performance - contribute to, rather than improve, women's disadvantaged position in the workplace.Drawing together the threads of critical theory, feminism and post-modernism into a new conceptual framework, the book provides an exciting departure from existing methods of analysis and points a new and challenging way forward for future researchers in management.The Construction of Management is a rich and lively work, providing innovative theoretical and methodological approaches as well as practical solutions. In this way, the book will appeal to scholars of business and management, industrial relations and gender studies as well as business managers and consultants.

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This important book analyses evolutionary approaches to economic policy. Its main purpose is to explore the policy implications of evolutionary economics, in particular of approaches inspired on the one hand by Schumpeter and revived by Nelson and Winter which deal with industrial evolution under constant institutions and, on the other hand, of approaches inspired by Hayek and North, which analyse the ways in which institutions themselves evolve. Hitherto evolutionary economists have paid little attention to policy issues, and the relatively few policy implications that they have produced are divergent. Whereas the Neo-Schumpeterian approach has often been used to support political interventions, the Hayekian viewpoint holds that economic policy detracts from economic performance. More systematic evolutionary analysis of economic policy is required if these one-sided findings are to be transcended. Furthermore, such analysis can be expected to develop a coherent theory of economic policy which will plug the gaps and rectify the errors (such as approval of socialist planning and Japanese industrial policies) of both neoclassical and alternative approaches to policy. Evolutionary economists and policy analysts will find this book of great interest, as will economists and students of economics who are interested in enlarging their views with excursions outside the standard curriculum.

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The restoration of the Florida Everglades, the largest ecosystem restoration project in the world, is now underway. Missing from the original plan, however, is a study of the region's cities and farms and the economic impact their growth will make on this already endangered ecosystem. This book provides that analysis.Richard Weisskoff applies the widely-used Regional Economic Modeling Inc. (REMI) model to forecast the future of South Florida's six million-person, $300 billion economy. In addition, he supplies four significant pieces to the model, namely, detailed projections for agriculture, investment, tourism, and restoration spending. By integrating these and the results of a second economic modeling system (IMPLAN), he traces out three development paths for the region to the year 2030, and the demands for water and urban land required for each path.Also featured are the results of two land use/land cover surveys which are then used to measure the change in the value of ecosystem services in the Everglades region. The author provides an economic history of the region and statistically documents the transformation of the original Everglades into the sprawling cities and the sugar-citrus-cattle emporium, all of which share the same fragile ecosystem. The study concludes that the ultimate success of the restoration of the Everglades will depend on choices made regarding the future of the region's cities and farms.While the volume focuses on the Everglades, it serves also as a case study for other such restoration projects. Ecological and environmental economists, regional scientists, planning professionals, and government agencies will find this timely volume of great interest.

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The rationale behind how people value and trade stocks is of unparalleled interest to governments, companies and other participants in stock markets. The book focuses on the way in which investors process information and form expectations about future gains. It argues that humans fall short of the perfect information processing required by theory, and that their expectations are based on more than just future company earnings. Karl-Erik Warneryd discusses the psychology of investing, providing detailed coverage of how financial expectations are formed, how complex decisions are made and how emotions and influence from others affect the financial decisions of individuals. Empirical studies featured in the book suggest that many, if not most, stockholders have long-term goals, believe in certain stocks, and make few transactions - behavior which, argues the author, may have a stabilizing influence upon stock prices. As a unique overview of how investors process information and build up expectations of future gains on stocks, this fascinating book will be welcomed by students of, and researchers in, economic psychology and behavioral finance. Stock-Market Psychology will also be invaluable to practitioners of finance who wish to learn more about the psychology behind financial transactions.

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Why do some policies succeed so well while others, in the same sector or country, fail dramatically? The aim of this book is to answer this question and provide systematic research on the nature, sources and consequences of policy failure. The expert contributors analyse and evaluate the success and failure of four policy areas (Steel, Health Care, Finance, HIV and the Blood Supply) in six European countries, namely France, Germany, the Netherlands, the UK, Spain and Sweden. The book is therefore able to compare success and failure across countries as well as policy areas, enabling a test of a variety of theoretical assumptions about policy making and government. The book also sheds more light on the legitimacy of governance in Western Europe and goes beyond understanding the concepts of success and failure to explaining their genesis empirically.Success and Failure in Public Governance will be of interest to academics and researchers of political science, public policy and public administration as well as to practitioners of public policy.

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Through a variety of analytical lenses - formal modeling, econometrics and case study comparisons - Carlos RufIn fills a gap in the political economy of second-wave, or microeconomic, reforms around the world. More specifically, he does so in the context of the electricity supply industry, where such reforms have been as problematic as they have been widespread. The author shows that ideological considerations and bargaining over the distribution of economic rents accruing from certain institutional arrangements are powerful shapers of institutional change. At the same time, the legacy of the past does not appear to have a clear or systematic effect on the direction of second-wave reforms that seek to transform existing economic institutions. If distributional conflicts can be resolved, these conclusions provide grounds for optimism about the ability to create new institutions even in countries where little favorable precedent exists. Political economy and public policy scholars, specialists on business-government relations and non-market strategy and those interested in Latin America will find this comprehensive book of great interest. Practitioners involved in the design and implementation of second-wave reforms around the world will find this an essential addition to their library.

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Civil services in Western liberal democracies have undergone significant changes since the early 1980s, so much so that many of the traditional assumptions underpinning their role and operating practices have been fundamentally questioned. This volume explores a number of themes inherent in this transformation process and the significant problems encountered in modernizing civil services.The commitment to modernizing public services has been a constant trend of Western governments and has encompassed many approaches under a variety of labels, such as new public management and reinventing government. As a result of such developments, the public services of many countries have been transformed, with civil services being singled out for particular attention. This book critically examines the application of the modernization agenda in the old Commonwealth, the USA and Western Europe, including the institutions of the EU. Particular attention is given to developments in the British civil service, including the implications of devolved government, human rights legislation, and the Blair government's attempts to improve the policy process. For students and academics of public administration, public policy and comparative politics, this book will provide unrivalled coverage of one of the most critical issues in contemporary public management and policy.

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The motivation behind this book is the desire to integrate complexity theory into economic models of technological evolution. By means of developing an evolutionary model of complex technological systems, the book contributes to the neo-Schumpetarian literature on innovation, diffusion and technological paradigms.Recent advances in complexity theory provide a new understanding of technological innovation and complex problem-solving. This book offers an approach based on Stuart Kauffman's NK-model of complex systems to better understand and analyse search strategies that firms apply to develop new technologies. The models deal with a range of topics including bounded rationality, myopia, decomposability, modularity and the emergence of technological paradigms. Empirical applications include the evolution of early 18th century steam engine technology, 20th century aircraft and helicopter designs and recent innovations in personal computers. Innovation, Evolution and Complexity Theory makes excellent use of complexity theory and large datasets on technologies with which to complement the analysis.The book will be of great interest to evolutionary and innovation economists and academics as well as scholars in the interdisciplinary field of complexity theory and industrial organisation.

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Global economic progress in the twentieth century, while generally encouraging, was neither continuous nor uniform. With the exception of some Asian nations, countries that were more developed at the beginning of the twentieth century still rank amongst the wealthiest nations, while countries that were poorer, still lag behind. The distinguished authors in this volume address the fundamental causes for such heterogeneous international experiences, placing particular emphasis on the role of institutions.They demonstrate how the study of economic development is increasingly linked to the development of institutions, which allow for more complex exchanges to occur in markets and societies. Institutions can be understood as rules or constraints that channel individuals' actions in specific directions, and can be formal or informal depending on their genesis. The book highlights the connection between institutions and economic welfare by examining countries at different stages of development. Although the authors' study material effects, they also look at individual well-being which is more strongly influenced by the non-material products of institutions such as opportunity, freedom and relationships. They move on to highlight the role of institutions in global business, in terms of innovation, entrepreneurship and foreign direct investment. In the concluding chapters they focus on the actual process of transition from one institutional framework to another. Amongst other examples, they examine reforms to international financial institutions and constitutional adjustments in transition countries. This varied yet highly topical book will be invaluable to institutional and public-choice economists, students and researchers of the theory and policy of international business, and social and political scientists interested in the role and evolution of institutions.

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On the Edge of the Global Economy contends that despite growing global economic integration, some nations continue to be disadvantaged by remoteness, low connectivity, a small-scale economy and low population density. The book concludes that these economies may nonetheless have significant potential, for example through offering an attractive natural environment, a pleasant climate, various types of niche production and customised services that can lure footloose firms and mobile workers.The contributors review the issues and assess the empirical evidence regarding the various opportunities and challenges facing small remote economies in the global economy. They find that locality and proximity still matter, but that the global economic configuration also offers new opportunities to peripheral nations. Expanding the literature on a somewhat neglected aspect of globalisation, this book will be of great interest to economists, geographers and other researchers specialising in globalisation and related topics. In addition, it will be very useful to policymakers in small remote economies.

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Mountain regions represent about one fourth of the earth's surface area and provide a significant share of goods and services to humanity. In this book, the authors demonstrate how alpine environments throughout the world are particularly vulnerable to global environmental change. Alpine populations will often be affected earliest and most significantly, for example through extreme weather systems, and their scope for adaptation is relatively limited. Drawing on the natural and social sciences, particularly economics, this book supplies a broad picture of the diverse issues involved. The authors show that observed changes in natural phenomena, such as acidity and fish toxicity in high altitude lakes, clearly support the thesis on ongoing global change induced by humans. They then analyse the manifold socio-economic impacts of global environmental change which are likely to be felt in various sectors and industries including tourism, insurance and water cycle management. It is shown that adaptation options though limited can be improved, such as in natural hazard management. Finally the authors evaluate the various mitigation options available for policymakers in agriculture, energy production, transport and land use planning.Global Environmental Change in Alpine Regions demonstrates that although environmental change is a global phenomenon, the impacts are distributed unevenly and vary in severity. This book will be required reading for all students and scholars of environmental and resource economics, public management and policy.

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Is the theory of money that underlies most modern macroeconomics well-grounded? What determines the value of a currency, and how is the state's power over its currency related to its ability to stabilize prices and employment? Charles Goodhart's classic paper 'The Two Concepts of Money: Implications for the Analysis of Optimal Currency Areas' which first raised these questions is reprinted here, and the distinguished authors expand its line of argument and comment on its central themes. The issues discussed are of fundamental importance in contemporary monetary theory and policy.The State, the Market and the Euro presents two sharply contrasting theories of money - Chartalist and Metallist - and the resulting equally sharply contrasting approaches to macroeconomic policy.Academic monetary, financial and political economists will find this book of great interest as will policymakers, financial analysts and journalists.

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The welfare system in the United States underwent profound changes as a result of the groundbreaking welfare legislation passed in 1996 entitled The Personal Responsibility and Work Opportunities Reconciliation Act (PRWORA). The Political Economy of Welfare Reform in the United States examines in detail the legislative process that gave rise to PRWORA and presents two alternative theories to explain this process; the traditional public interest model of government and the public choice model. On the basis of a detailed historical analysis of welfare programs and policies in the US, the author explains the two alternative theories and engages in a detailed institutional and statistical analysis to make a convincing argument for the validity of the public choice paradigm.Mary Reintsma's book reveals how the outcome of any legislation is highly dependent on the input of interest groups and the interactions of such groups with those responsible for passing the legislation.The Political Economy of Welfare Reform in the United States will appeal to academics and researchers involved in public sector economics, public choice theory and welfare economics reform.

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The increasing scarcity of water resources (in terms of quantity and quality) is one of the most pervasive natural resource allocation issues facing development planners throughout the world. This problem is especially prevalent in less developed countries where the management of this valuable resource has become a critical policy concern. This authoritative new volume outlines the fundamental principles and difficulties that characterise this challenging task.The authors begin by detailing the significant problems of water management which are specific to developing countries. In particular, they highlight the political economy of water management in the context of both pricing and institutional reform. Five case studies from a variety of developing countries extend these themes and examine other important issues such as water markets, irrigation and the measurement of groundwater scarcity. Finally, using Cyprus as an example, the authors demonstrate the manner in which improved water management policies can be implemented in a developing country. This final part serves to illustrate the policy solutions to the problems laid out in earlier chapters.Government agencies, private consulting firms and NGOs working in the fields of water resource allocation and economic development will find this volume to be an enlightening read. Academics, practitioners and those who wish to be better informed about the role and value of water management in developing countries will also find this to be an invaluable source of reference.

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29 articles, dating from 1976 to 2000

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This fully revised and updated edition of a seminal reference work provides a detailed chronological account of the development of European integration. The history of Economic and Monetary Union (EMU), which began immediately after World War II, is recounted in the form of a descriptive summary of the most significant events, measures, arrangements and conferences. The chronology concludes at the end of 2001 with what is arguably one of the most important events in European history; the introduction of the euro notes and coins in twelve nation states. Throughout, Wim Vanthoor offers a detailed yet concise account of the evolution of the economic and political ideas which have culminated in this defining moment. The book is interspersed with quotations from the addresses, orations and comments of politicians and those closely involved with the process of European integration. This accessible book will be essential reading for anyone with an interest in the history of European integration.

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In this book a distinguished group of contributors discuss the changing political economy of pension reform. They focus on those countries which have launched a significant reframing of their pension system. Each chapter provides a detailed review of recent pension reforms and offers institutional evidence of the extent to which these reforms suggest a redirection of the welfare state towards a more public-private mix of policies. The countries were selected to represent the variety of new directions which mature industrial countries as well as countries in transition have taken.The book brings to light a number of surprising developments. These include the observation that pension systems do not conform to pure models of welfare system regimes; that a number of diverse developments have contributed to the extension of private pensions; that an emerging pattern of substituting private for public pensions can be detected but public provision still dominates in transition economies and that traditional employer-provided private pension schemes are undergoing significant change. One conclusion is that the design of the pension scheme may be more important than the mix of public-private in preventing the growth of inequality among the aged.This important book will be essential reading for scholars of economics, public policy, political science and finance as well as policymakers and practitioners involved in pension system reform.

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This first volume in the series provides a thorough overview of recent developments in the area of international accounting, and serves as an essential introduction to the series.The collection looks at introductory issues, including a selection of papers on the classification of accounting systems. It also examines the measurement and the effects of international accounting diversity.This collection will be an essential resource to students and researchers alike.

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In this book, Tran Van Hoa reveals how competition policy and competitiveness are essential for contemporary economic, financial and trade management as well as national and international governance. Containing new in-depth studies of these issues and their development, the book focuses on major Asian economies encountering increasing globalisation and the prevailing influence of the WTO. In major Asian economies, competition policy, while being important for trade, development and growth, is nascent. Competition Policy and Global Competitiveness in Major Asian Economies surveys the fundamentals of competition policy and investigates how, in practice, it has been developed in major economies in the Asian region. It also contains previous lessons and experiences in the formulation and implementation of competition policy and the pitfalls that may be avoided in similar future developments. Suggesting solutions in economic development and policy reform for Asian economies in the face of increasing globalisation and WTO membership requirements, this important book will be of enormous interest to economic policymakers and advisers, academics, government officials, business executives and tertiary students.

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This innovative Handbook draws together and reflects on the specific methodological challenges that an international business scholar is likely to face when undertaking a qualitative research project. With a practical, hands-on approach to methodological debates, the Handbook raises concerns specific to international business scholars. Covering the entire life cycle of a research project from its philosophical underpinnings to publication hurdles, the book explores existing practices and gives voice to multiple, even contrasting perspectives. This invaluable source of experiential knowledge, as well as conceptual understanding, has been achieved by a truly international authorship. Including fascinating vignettes written by senior academics, the result is a guide that will be indispensable. Capturing the experiences and practices of qualitative researchers, the Handbook of Qualitative Research Methods for International Business should be on the bookshelves of students and scholars of IB, researchers in international management and marketing, and teachers of cross-cultural and IB research methods.

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The contributions to this timely volume explore the social implications of labour market reforms, and assess the complex relationship between the economic and non-economic aspects of labour institutions. The authors ascertain that labour market systems have important social dimensions, including social benefits and effects on psychological well-being and on social relationships. They go on to argue that the evaluation of reforms should take into consideration this social impact.The book examines the requirements for increased flexibility in contractual associations whilst maintaining social protection and job security. Using new utility criteria, guidelines for evaluating labour market and social protection system reform policies are recommended.It is argued that policy evaluations should consider whether social benefits are compatible with the increased flexibility demanded by the marketplace, taking into account the complex social and cultural rules which affect human behaviour, and the fact that individuals are concerned with issues such as fairness, status and the well-being of their fellow citizens. Policymakers involved in government, international institutions, professional associations for social work and labour relations, unions and employer federations will find this book to be a useful and fascinating read. It will also be of great interest to academics involved in labour economics, industrial relations and industrial economics.

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In this fully revised second edition of a well-regarded and popular text, Patrick McNutt presents more ideas and challenges to all those interested in political economy and public choice. The author evaluates a range of public choice concepts including rent-seeking, voting and voter behaviour, and the growth of government and bureaucracy. New material in this second edition includes: the introduction of a moral choice set and a new methodology for the treatment of the concept of fairness a positive theory of rent-seeking with empirical estimates the issue of legal barriers to entry and related themes; in particular how a legal barrier can affect consumer welfare a critical evaluation of the exchange and allocation of economic power and income inequality in developing countries an overview of the global political economy which identifies the contribution of public choice.

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Globalization, the information technology revolution, individualization and other processes in contemporary society all impact on organizations. Organizational actors are recognizing the need to make sense of these permutations, reconstruct their identities and positions and find ways of coping with the complexity of relationships within and between organizations. This book analyses the framework of these organizational relationships and the dynamics of identity formation and bonding on several levels.Organizational practices, managerial and professional coping strategies are all explored within the context of shifting inter-organizational relationships. The findings, which are presented by an international team of contributors, are complex and demonstrate continuities as well as discontinuities. The authors analyse the way in which organizational actors, such as managers, information technology specialists, creative professionals and academic researchers make sense of the social transformations in the networking age and their impact on organizations. The organizational settings which are studied include armies, universities, non-governmental organizations, information technology development houses, telecom operators and organizations in the food production chain.This multi-disciplinary book will appeal to a wide-ranging audience of scholars, practitioners and consultants across various fields including organization and management studies, industrial relations, social psychology, work and organization psychology and sociology, HRM and employment relationships.

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This major reference book provides an authoritative analysis and survey of consumer research and economic psychology. It provides an international, in-depth overview of the present state of knowledge and theory which will be indispensable to students, researchers and practitioners.The Companion presents over 100 specially commissioned entries on important topics in consumer research and economic psychology from behaviourism and brand loyalty to trust and the psychology of tourism. Leading scholars in the fields provide stimulating insights into the area as well as summarising existing knowledge. Readers will find entries both on new topics that have rarely been considered in the framework of consumer research or economic psychology and on topics that have long been considered important in these disciplines.The book will ably meet the needs of undergraduate and graduate students in business administration, economics, marketing and psychology, as well as informing researchers and practitioners in those disciplines.

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This indispensable Handbook examines both economic and legal aspects of competition policy and industrial organization. It provides a scholarly review of the state of the art regarding economic theory, empirical evidence and standards of legal evaluation. The book aims primarily at furthering our understanding of the interplay between economic reasoning and legal expertise by concentrating on the fundamental issues and principles underlying competition policy.Following a comprehensive introduction, the authors investigate a number of important themes including: the natural limits of competition efficiency versus market power small firms, innovation and competition trade policy and competition policy financial services the political economy of antitrust dominance and monopolization identifying anti-trust markets competition policy versus regulation competition policy in a globalized economy. Each of the specially commissioned chapters, written by leading authorities in the field, provides a stimulating exploration of the intricacies of competition policy. The book will be accessible to a wide audience including students of economics and law, public administrators, lawyers, consultants and business managers. It will also be of particular interest to policymakers in EU accession countries who are required to introduce an appropriate legal framework to implement EU competition policy.

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In this book Gavin Peebles and Peter Wilson offer an historical overview of the rapid growth and development of the Singapore economy, detailing the institutions and policies which have made this growth possible. They examine the current state of the economy and its future in terms of prospective growth and structural change. The authors discuss the conflicting views on the role of government and the public sector in the economy, and analyse the quality and sustainability of growth. They explore the structural changes which have occurred due to high rates of savings and investment, a large balance of payments surplus and monetary, financial and fiscal conditions. Important in this analysis is the extent to which Singaporeans themselves have benefited in terms of welfare. The authors also identify the key roles played by trade policy, and financial and exchange rate institutions in creating and sustaining growth. In the aftermath of the Asian financial crisis, they assess the current health of the economy and the implementation of reforms to achieve the government's vision of a 'New Singapore'.Based on the authors' own combined experiences of living in Singapore for over 20 years, this broadbased and analytical book sheds light on Singapore's status in the world economy. The integration of economic, social and political perspectives will ensure the book's broad appeal amongst scholars, students and researchers interested in growth and economic development in Singapore and South-east Asia.

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Solidly grounded on Aristotelian anthropology, moral capital develops a set of principles, practices and metrics useful to business leaders and managers, while eliminating the ambiguity of social capital and allowing for the integration of business ethics initiatives into a robust corporate culture.Sison studies a wide range of recent management cases from the viewpoint of moral capital: the sorry state of US airport screeners before 9-11, the Ford Explorer rollovers and Firestone tire failures, the battle for the 'HP way' between Carly Fiorina and the heirs of the founding families, the dynamics of Microsoft's serial monopolistic behavior, the pitfalls of Enron's senior executives, the sincerity of Howard Lutnick's commitment to Cantor Fitzgerald families, how Andersen's loss of reputation proved mortal and a fresh look at Jack Welch's purported achievements during his tenure at GE.He explains the relationship between different structural and operational levels in the human being (actions, habits, character and lifestyle) and in the firm (products, protocols, corporate culture and corporate history). These levels are later associated with different institutions of moral capital (basic currency, interests, investment bonds, estates or legacies). Strategies for measuring, developing and managing moral capital on both a personal and an organizational plane are also discussed.This engaging and provocative study is a must-read for professors, students, and practitioners of business ethics, general management, human resource management and economic theory.

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The contributors to this collection provide a wealth of new analyses of both traditional and emerging aspects of entrepreneurship, from a variety of national perspectives and from a variety of disciplines. Globalization has begun to dismantle the barriers that traditionally segregated local business opportunities and local firms from their international counterparts. Local markets are becoming integral parts of broader, global markets. As globalization proceeds apace, entrepreneurs and small businesses will play a more prominent role on the global business arena. The volume is divided into three sections. The first looks at the internationalization process itself while the second focuses on factors facilitating this process in small and medium-sized firms. The last section examines emerging dimensions in management policy. This book provides valuable insights for business leaders, policy formulators, students and academics alike in understanding and coping with our rapidly changing world.

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The contributors to this volume consider the consequences of Eastern enlargement of the EU for trade and investment in Europe, paying particular attention to the impact of removing technical barriers to trade, the key remaining constraint upon trade flows.The principal impact of enlargement on trade and investment flows will be through access to the Single Market and the removal of non-tariff barriers. Such barriers arise from differences in the way that products are regulated across countries. This volume contains contributions which assess the significance of technical barriers to trade and the potential impact of their removal, based upon detailed analysis of actual trade flows and the results of firm surveys in four Central and Eastern European countries.Enlargement, Trade and Investment is recommended to researchers in the field of international trade and those interested in the issue of the economic impact of enlargement. Scholars teaching about the European Union will also find this volume of great value.

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State and Local Finances under Pressure explores the future of state and local government fiscal systems given the numerous pressures they face from economic, legal, technological, demographic and political forces. It explores how these multiple forces play out in terms of the changes state and local governments should and are likely to make. The contributors argue that state and local governments must make substantial changes and that failure to act is likely to result in adverse effects and increasing pressures for modifications that are more difficult to implement and more politically unpalatable. Without reform, state and local fiscal systems will grow increasingly out of sync with economic reality. The authors suggest that government responses are likely to be evolutionary, but that in 25 years the recorded changes will be substantial.The first chapter provides a historic perspective of state and local fiscal trends. Each of the subsequent chapters describes the nature of one of the pressures state and local governments face including: political and legal forces, globalization of business, demographic and technological changes, deregulation of utilities, and urban sprawl. Policymakers, economists, political scientists, fiscal policy analysts and public administrators will find this comprehensive book of interest.

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Working within the context of the evolutionary-institutional transformation of higher education, the authors trace the development of an economic model by which the behavioral tendencies of modern universities can be evaluated. That model is expanded to provide insights to the following questions: Why do universities compete and how do they develop and implement their competitive strategies? How do universities make critical institutional decisions about operational missions, academic policies, and internal resource allocation? Do universities efficiently and effectively pursue the special social functions assigned to them? Patrick Raines and Charles Leathers present an integrated, coherent theory to explain the behavior of universities and provide a realistic economic model that predicts how universities allocate their scarce educational resources. This alternative view is contrasted with the mainstream explanations of university behavior based on the maximization of student welfare or faculty influences. The authors extend the existing literature on the operation of universities by presenting a history of the evolution of the modern entrepreneurial universities as well as an explanation of academic capitalism.This absorbing volume will appeal to anyone interested in the history of economic thought or the history of education. Scholars of Veblen, Smith, and Malthus will be fascinated by their individual and comparative theories of the purpose and failures of higher education.

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Monetary Policy and Taiwan's Economy questions whether the Asian crisis could have been avoided through the application of recommendations highlighted by the contributors. The conclusion reached is that in an abstract world, perhaps; but in the world in which we live; no. It is argued that the proposals made could certainly contribute to improved policy, albeit effecting marginal improvements rather than ground breaking changes.The contributors demonstrate that proficient monetary policy and banking regulation can be achieved through sound economic analysis that takes into account: monetary aggregates in monetary policy the role of exchange rate policies in the Asian crisis the relationship between the exchange rate, capital flows and central bank intervention similarities between the restructuring of banking systems in Asia and in Eastern Europe following the fall of communism. This book will appeal to academics and researchers of macroeconomics - especially those with a particular interest in monetary theory and policy. Economic analysts, commercial banks, financial institutions and specialists in financial crisis will also find the book to be a fascinating read.

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This book reprints 18 essays selected from almost 30 years of work by the author as a high level official at the UN Conference on Trade and Development, the US Treasury Department and the World Bank. These essays report some of the core analytical thinking behind positions taken by these agencies on major issues in international trade policy: e.g., the shift of view on 'trade and development' from the presumption that developing countries should receive 'special and differential treatment' to today's view that they should aggressively exploit opportunities that international trade offers. Other essays report analytical work at the US Treasury Department on proposals in the 1970s for a 'New International Economic Order' - findings that supported the more conservative line that the US government eventually took, even though the Kissinger State Department urged a more accommodating line. Some essays are highly critical, e.g., of antidumping and its use by developing countries as well as by the United States, and of the GATT/WTO system itself as a template for economic policy.Scholars and students interested in how the GATT/WTO works as a policy making system will find this collection revealing as will readers interested in a way to evaluate the impact of antidumping (and other 'trade remedies') on the national economic system and on how to construct policy mechanisms that more effectively bring the interests of all US citizens into the making of US trade policy. In addition, many of these essays are useful for courses in international economics, international relations and policy science.

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This unique book offers a comprehensive analysis of the changing role of government with respect to domestic technology development in eight countries in both the developed and the developing world. The author distinguishes between those countries which can be classed as creators of new technologies (Japan, Korea and Israel) and those which possess the potential to create new technologies (Singapore, Malaysia, India, South Africa and Brazil). The author details the fiscal and non-fiscal policy measures each country employs to stimulate investments in R&D in the enterprise sector. He finds that, for financial instruments such as tax incentives and research grants to succeed, a strong emphasis also needs to be placed on non-fiscal policy measures. The most important of these is human resource development which is emphasised as an integral component of successful innovation policy. The book is written in a manner which allows the comparison of results between each country.Government, Innovation and Technology Policy will be a valuable text for governments, NGOs and multilateral institutions interested in the practicalities of promoting innovation at the enterprise level. It will also be useful supplementary reading for scholars and students of the theory and practice of innovation policy.

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In this landmark collection, the editor has selected the most influential papers on the econometrics of panel data published in the period from 1992-2001, thus providing an update on developments in the field since the two volumes edited by G.S. Maddala in 1993, which covered the period from 1966-1992.Topics covered in these latest volumes include core articles on dynamic panels and the generalized method of moments, heterogeneous panels, non-stationary panels including spurious regression, unit roots and tests for cointegration in panels, limited dependent variable models using panel data including models with censored endogenous variables and sample selection, non-linear panel data models, unbalanced panels, pseudo-panels and specification tests in panels.

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This book seeks to provide a coherent explanation as to why the policies of financial liberalization and financial intervention have been unable to achieve the goal of improving the access of borrowers to the loan market, irrespective of size. This is one of the prime criteria for achieving efficiency in the operation of the loan market and its failure has resulted in increased uncertainty and financial fragility.Santonu Basu develops an original theory of credit rationing which provides a theoretical explanation as to why neither policy has worked. He introduces two new concepts, namely credit standard and credit risk, in order to explain why bankers ration credit to some, while quite willingly offer loans to others. He then uses these two concepts to show why the implementation of either policy involves forcing or inducing the banking sector to relax its credit standard requirements. This in turn increases credit risk to an unprecedented level, thereby engendering either financial crisis or financial fragility. The author employs empirical evidence from both India and South Korea to demonstrate how these scenarios can unfold.Financial Liberalization and Intervention provides a comprehensive analysis of the uncertainty that prevails in the operation of the loan market. It will be welcomed by scholars and students of economics, policymakers, banking regulators and the financial sector as a whole.

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This unique collection of largely unpublished papers brings together the founding fathers of law and economics to provide their own views on the origins and intellectual history of the field. Law and economics emerged as a separate field of scholarship during the early 1960s, fueled by two seminal papers, one by Ronald Coase and one by Guido Calabresi. The ideas generated by scholars researching in the field have deeply influenced the major disciplines of economics and the law.These 16 essays (including three by Nobel Laureates in Economic Sciences) provide an impressive blend of differing experiences and varying perspectives, reflecting on the intellectual foundations of the field, its early struggles for recognition, and its remarkable advance during the last four decades of the twentieth century, and into the twenty-first. The essays clearly outline, and contribute new insights into, all of the central issues of this still vibrant research programme. A unifying theme of the book is the central importance attached by each scholar to scientific analysis, rather than to any particular ideology or dogma.This book provides an absorbing intellectual history of law and economics, and will be a fascinating read for academics and researchers with an interest in law and economics, the history of economic thought, public choice and public policy.

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This authoritative new collection presents a selection of previously published seminal articles that have led to the development of intra-industry trade theory and empirical research.Parts I and II cover the pioneering research in the 1960s and a number of models of intra-industry trade that were developed from 1979 to the present day. Parts III and IV look at the empirical research problems in the choice of measure of intra-industry trade and empirical studies that seek to identify the nature of this trade. Part V deals with the role of the multinational corporation and part VI completes the collection with articles that look at extensions to asset markets and applications to other problems such as the geography of trade and rules of origin.Intra-Industry Trade will be an invaluable source of reference to all international trade economists and libraries specialising in this area.

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In this fully revised and updated second edition of the widely acclaimed first volume, Sigvald Harryson provides powerful evidence as to how the most successful innovators are distinguished by their ability to synergistically link external and internal knowledge networks.Based on extensive research with leading global innovators along with ten years of experience in management of knowledge and technology for accelerated innovation, Managing Know-Who Based Companies provides practical guidance regarding how to manage these networks. Important theoretical arguments that advance our thinking about managing knowledge for innovation are also presented. The author studies how individuals and teams who possess the required active empathy and relationship-building skills to function as human knowledge bridges across various centres of excellence, functions and teams - the 'know-who' - are central to successful innovation in the global value networks of today's business environment. This book is recommended reading for CEOs of multinational companies who wish to make better use of the value networks in which they live and do business. It will also be of significant value to CTOs, CKOs and Human Resource Managers interested in new ways to turning both hard technologies and soft human brainpower within and beyond the corporate borders into faster and more powerful innovation.

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This comprehensive set of papers charts the main developments in contemporary labour economics, with an emphasis on issues of measurement. Topics covered in the first volume include the effects of adjustment costs on employment and the modeling of family choice in labor supply. Key themes explored in the second volume include the role of unobserved worker characteristics in obscuring the tradeoff between wages and benefits, payment systems in circumstances where results are verifiable and nonverifiable, formal unemployment duration analysis, and sex biased hiring. The third volume tackles some of the more controversial themes in modern labour economics. The editor has provided an insightful new introduction which gives a comprehensive overview of the themes discussed.

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This manual offers a detailed, up-to-date explanation of how to carry out economic valuation using stated preference techniques. It is relevant for the application of these techniques to all non-market goods and services including air and water quality; provision of public open space; health care that is not sold through private markets; risk reduction policies and investments not provided privately; provision of information as with the recorded heritage, the protection of cultural assets and so on. The resulting valuations can be used for a number of purposes including, but not limited to, demonstrating the importance of a good or service; cost-benefit analysis; setting priorities for environmental policy; design of economic instruments; green national/corporate accounting, and natural resource damage assessment. Compiled by the leading experts in the field, this manual starts by explaining the concepts. It shows how to choose the most appropriate technique and how to design the questionnaires. Detailed advice on econometric analysis is provided, as well as explanation of the pitfalls that need to be avoided.

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Martin Ricketts, a leading scholar in this field, has selected the seminal papers from a variety of traditions that illustrate the evolution of thinking on 'the firm' over a considerable period of time. The firm as a vehicle for entrepreneurial initiative and the exercise of business judgement is contrasted throughout with the firm as a policing mechanism in response to known contractual hazards. The selection is in three volumes that cover respectively the general theoretical background; the ownership and scope of the firm - its degree of vertical and transnational integration; and agency issues relating to employee incentives and the control of managers. This authoritative collection will provide a valuable reference, of interest to students, postgraduates and professional economists seeking an overview of the subject and its evolution.

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Why do organisations 'leave money on the floor' by neglecting highly cost effective measures to improve energy efficiency? This question lies at the heart of policy debates over climate change and is a focus of continuing dispute within energy economics. This book explores the nature, operation and relative importance of different barriers to energy efficiency through a comprehensive examination of energy management practices within a wide range of public and private sector organisations. The authors use concepts from new institutional economics to explain individual and organisational behaviour in relation to energy efficiency, and identify the mechanisms through which such barriers may be overcome. In doing so, they are able to shed new light on the 'barriers debate' and provide a valuable input to the future development of climate policy.Combining a critical evaluation of different theoretical perspectives with detailed case study research, this significant new book analyses how and why organisations waste energy and suggests practical policy measures to help prevent these losses. It will be required reading for professional economists, academics and students with an interest in energy use, environmental policy and organisational economics. It will also be highly relevant for policymakers and consultants working on the important policy issues surrounding energy efficiency and climate change.

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John Dunning is undoubtedly the world's leading scholar on the subject of multinational corporations and international business. This collection of original essays is designed to honor this work, particularly his achievements during his association with Rutgers University. The contributors, most well known in the field in their own right, explore the many threads of Dunning's work, focusing on advances to his 'eclectic paradigm', which looks at the interactions between ownership, location and internalization in explaining foreign direct investment by multinational firms. The book was also conceived and written to record Dunning's contribution to the creation of a doctoral program in International Business at Rutgers University at Newark. The coverage explores a range of topics and seeks to build on the eclectic paradigm or to apply it to existing problems.Scholars and students in international business will find this Festschrift an enlightening study of one person's contribution as well as an important advance in the literature on the eclectic paradigm.

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