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Author: George Macesich
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 160
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Book Description
At the close of the 20th century, the world economy is at a crossroads. After the increase in both inflation and unemployment in the 1970s, the postwar economic paradigm based on the supposed trade-off between unemployment and inflation collapsed, sending shock waves through much of the economics profession and stimulating the search for a new paradigm. That search continues. This study examines the critical issues underlying the search for a new paradigm and outlines the new global political economy that seems to be emerging and replacing the old policy consensus. The challenge for economists is to articulate a new paradigm that recognizes the rapid transformation in the late 20th century economy. The basic paradigm in economics remains, the author claims, as defined by Adam Smith over 200 years ago. Smith's postulate of maximizing the individual in a relatively free market remains the basic paradigm. This paradigm can incorporate the growing groups of workers who earn their living with their minds, not their muscles. It can also provide insights into the worldwide drive for reform and the issues that emerge from rapid globalization of the world economy. And it can serve as a guide for judging which economies and reforms are likely to succeed and which are likely to fail.
Author: Sergey Kulik
Publisher: McGill-Queen's Press - MQUP
ISBN: 1928096786
Category : Business & Economics
Languages : en
Pages : 203
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Book Description
Globalization proceeds apace, taking on new forms that impact global economic, financial and social processes. Interdependence is not simply strengthening the range of possibilities for national economies to participate in, and advantage of, these developments, but expanding the opportunities that are available to them. The question is how do states take advantage of these global developments. Russia is no exception. Although it actively participates in the globalization process, it is, however, confronting greater economic, technological, structural and institutional problems than other countries. At the same time, there is dwindling hope for favourable conditions to continue in global energy markets, which are crucial to the Russian economy. These problems exist alongside the risk that the widening gap between Russia and other economies in terms of economic performance and technological development and growth will continue. Russia now stands at the crossroads of either overcoming or exacerbating these current challenges. This choice dictates the current realities of pax economica. Moscow must, in the very near future, make meaningful, if not fundamental, decisions aimed at further opening its economy, improving its institutions, and strengthening its international ties. This task is made more difficult by Russia's weakening competitiveness and by its ambiguous position on the international division of labour. The old model of Russian development has been exhausted and a new one must be chosen. Russia's choice at this juncture will determine the future of its economic development for many years to come.
Author: Asaf Savas Akat
Publisher: World Scientific
ISBN: 9811214905
Category : Business & Economics
Languages : en
Pages : 370
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Book Description
Turkish Economy at the Crossroads: Facing the Challenges Ahead is an exciting new volume of articles from prominent experts, edited by two distinguished economists. Despite its international stature and its diversified open-market economy, the global literature on Turkey is dispersed and sparse. The book aims to remedy this shortcoming by providing readers interested in Turkey with a balanced and up-to-date overview of the economy.Topics discussed include trends in long-term political economy, post-2001 macroeconomic policies, tradable and non-tradable sectors and their impact on income distribution, capital flows and financial imbalances, success and problems of structural transformation at the micro level, characteristics of the labor markets with special emphasis on female employment, Turkey's long lasting but difficult relations with the European Union and possible scenarios for the near future. This unified approach permits to highlight and tackle effectively the challenges and risks Turkey faces in the final and critical stage of transition to a modern developed society.
Author: Brian Czech
Publisher: New Society Publishers
ISBN: 1550925261
Category : Business & Economics
Languages : en
Pages : 389
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Book Description
Politicians, economists, and Wall Street would have us believe that limitless economic expansion is the Holy Grail, and that there is no conflict between growing the economy and protecting the environment. Supply Shock debunks these widely accepted myths and demonstrates that we are in fact navigating the end of the era of economic growth, and that the only sustainable alternative is the development of a steady state economy. Starting with a refreshingly accessible, comprehensive critique of economic growth, the author engages readers in an enormous topic that affects everyone in every country. Publisher's Weekly favorably compared Czech to Carl Sagan for popularizing their difficult subjects; Supply Shock shows why. Czech presents a compelling alternative to growth based on keen scientific, economic, and political insights including: The "trophic theory of money" The overlooked source of technological progress that prevents us from reconciling growth and environmental protection Bold yet practical policies for establishing a steady state economy. Supply Shock leaves no doubt that the biggest idea of the 20th century – economic growth – has become the biggest problem of the 21st. Required reading for anyone concerned about the world our children and grandchildren will inherit, this landmark work lays a solid foundation for a new economic model, perhaps in time for preventing global catastrophes; certainly in time for lessening the damages.
Author: Keiichi Tsunekawa
Publisher: Springer
ISBN: 9811328595
Category : Political Science
Languages : en
Pages : 298
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Book Description
This book is open access under a CC BY-NC-ND license. This volume analyzes the economic, social, and political challenges that emerging states confront today. Notwithstanding the growing importance of the ‘emerging states’ in global affairs and governance, many problems requiring immediate solutions have emerged at home largely as a consequence of the rapid economic development and associated sociopolitical changes. The middle-income trap is a major economic challenge faced by emerging states. This volume regards interest coordination for technological upgrading as crucial to avoid the trap and examines how various emerging states are grappling with this challenge by fostering public-private cooperation, voluntary associations of market players, and/or social networks. Social disparity is another serious problem. It is deeply rooted in history in the emerging states such as South Africa and many Latin American countries. However, income distribution is recently deteriorating even in East Asia that was once praised for its high economic growth with equity. Increasing pressure for political opening is another challenge for emerging states. This volume argues that the economic, social, and political problems are interwoven in the sense that the emerging states need to build political consensus in order to tackle the economic and social difficulties. Democratic institutions have not always been successful in this respect.
Author: Vaclav Smil
Publisher: Cambridge, Mass. : MIT Press
ISBN: 9780262194921
Category : Nature
Languages : en
Pages : 452
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Book Description
An objective, comprehensive and accessible examination of today's most crucial problem: preserving the environment in the face of society's insatiable demand for energy.
Author: Alfredo Toro Hardy
Publisher: World Scientific
ISBN: 9813277327
Category : Business & Economics
Languages : en
Pages : 233
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Book Description
Two powerful forces measure their strength by acting upon globalization. One of them pushes globalization forward, while the other hinders its advance and promotes its decline.In which of those directions should Latin America move? Uncertainty hinders the region's strategic vision. If the future entails re-launching of globalization, it seems obvious that Latin America should follow along its lines. However, if globalization were to embark on a declining phase and an endangered future, the region would need to look at other options. Latin America, therefore, faces not only a dramatic uncertainty as a result of forces beyond its control, but also needs to anticipate unforeseen events to the best of its abilities, and react to or act upon them. Strategic reflection becomes imperative to manage both uncertainty and the possibility of rapid change.This exercise in strategic reflection implies an immersion in fraught international surroundings, analyzing the forces that push for and against globalization, trying to measure their respective strength, convergence capacity, and potential impact. At the same time, it requires looking into the flaws, weaknesses and contradictions of such forces. With these elements in hand, it will be easier to envisage where the trends are leading to, and by extension, where Latin America may end up standing and which goals it should follow.
Author: Soledad Valdivia Rivera
Publisher: Routledge
ISBN: 1000385647
Category : Political Science
Languages : en
Pages : 110
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Book Description
As Bolivia reels from the collapse of the government in November 2019, a wave of social protests, and now the impact of Covid-19, this book asks: where next for Bolivia? After almost 14 years in power, the government of Bolivia’s first indigenous president collapsed in 2019 amidst widescale protest and allegations of electoral fraud. The contested transitional government that emerged was quickly struck by the impacts of the Covid-19 public health crisis. This book reflects on this critical moment in Bolivia’s development from the perspectives of politics, the economy, the judiciary and the environment. It asks what key issues emerged during Evo Morales’s administration and what are the main challenges awaiting the next government in order to steer the country through a new and uncertain road ahead. As the world considers what the ultimate legacy of Morales’s left-wing social experiment will be, this book will be of great interest to researchers across the fields of Latin American studies, development, politics, and economics, as well as to professionals active in the promotion of development in the country and the region.
Author: Ahmet Arif Eren
Publisher: Peter Lang Gmbh, Internationaler Verlag Der Wissenschaften
ISBN: 9783631801949
Category : Globalization
Languages : en
Pages : 0
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Book Description
The world is becoming interconnected via the increase in the volume of trade. This integration process is called globalization, and this led to a massive increase in the production of goods and services. The globalization process has many dimensions such as cultural, social and political. This book mainly aims to investigate the economic aspect of globalization and focuses on trade patterns.
Author: George Macesich
Publisher: Praeger
ISBN:
Category : Business & Economics
Languages : en
Pages : 160
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Book Description
At the close of the 20th century, the world economy is at a crossroads. After the increase in both inflation and unemployment in the 1970s, the postwar economic paradigm based on the supposed trade-off between unemployment and inflation collapsed, sending shock waves through much of the economics profession and stimulating the search for a new paradigm. That search continues. This study examines the critical issues underlying the search for a new paradigm and outlines the new global political economy that seems to be emerging and replacing the old policy consensus. The challenge for economists is to articulate a new paradigm that recognizes the rapid transformation in the late 20th century economy. The basic paradigm in economics remains, the author claims, as defined by Adam Smith over 200 years ago. Smith's postulate of maximizing the individual in a relatively free market remains the basic paradigm. This paradigm can incorporate the growing groups of workers who earn their living with their minds, not their muscles. It can also provide insights into the worldwide drive for reform and the issues that emerge from rapid globalization of the world economy. And it can serve as a guide for judging which economies and reforms are likely to succeed and which are likely to fail.
Author: D. Marshall
Publisher: Springer
ISBN: 0230389864
Category : Social Science
Languages : en
Pages : 265
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Book Description
There are a variety of crisis symptoms confronting the Commonwealth Caribbean as the 21st century dawns. Global changes are quickly rendering the region's traditional economic platform obsolete. This book suggests however that the expanding NAFTA or the hemispheric turn towards bloc formation can offer a way out for the Caribbean. Politics must be brought back into the regionalisation process, for each island government is witnessing the narrowing of the range of its state power by powerful TNCs, international financial institutions, Washington interests, and corporate-backed WTO commissions.
