The winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor.
The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it. Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to Paris and Washington, DC. The resources to address these challenges are there--what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. If we succeed, history will remember our era with gratitude; if we fail, the potential losses are incalculable. In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.
An encouraging account of the potential of foreign aid to reduce poverty and a challenge to all aid organizations to think harder about how they spend their money. With more than a billion people now living on less than a dollar a day, and with eight million dying each year because they are simply too poor to live, most would agree that the problem of global poverty is our greatest moral challenge. The large and pressing practical question is how best to address that challenge. Although millions of dollars flow to poor countries, the results are often disappointing. In Making Aid Work, Abhijit Banerjee—an "aid optimist"—argues that aid has much to contribute, but the lack of analysis about which programs really work causes considerable waste and inefficiency, which in turn fuels unwarranted pessimism about the role of aid in fostering economic development. Banerjee challenges aid donors to do better. Building on the model used to evaluate new drugs before they come on the market, he argues that donors should assess programs with field experiments using randomized trials. In fact, he writes, given the number of such experiments already undertaken, current levels of development assistance could focus entirely on programs with proven records of success in experimental conditions. Responding to his challenge, leaders in the field—including Nicholas Stern, Raymond Offenheiser, Alice Amsden, Ruth Levine, Angus Deaton, and others—question whether randomized trials are the most appropriate way to evaluate success for all programs. They raise broader questions as well, about the importance of aid for economic development and about the kinds of interventions (micro or macro, political or economic) that will lead to real improvements in the lives of poor people around the world. With one in every six people now living in extreme poverty, getting it right is crucial.
An encouraging account of the potential of foreign aid to reduce poverty and a challenge to all aid organizations to think harder about how they spend their money. With more than a billion people now living on less than a dollar a day, and with eight million dying each year because they are simply too poor to live, most would agree that the problem of global poverty is our greatest moral challenge. The large and pressing practical question is how best to address that challenge. Although millions of dollars flow to poor countries, the results are often disappointing. In Making Aid Work, Abhijit Banerjee—an "aid optimist"—argues that aid has much to contribute, but the lack of analysis about which programs really work causes considerable waste and inefficiency, which in turn fuels unwarranted pessimism about the role of aid in fostering economic development. Banerjee challenges aid donors to do better. Building on the model used to evaluate new drugs before they come on the market, he argues that donors should assess programs with field experiments using randomized trials. In fact, he writes, given the number of such experiments already undertaken, current levels of development assistance could focus entirely on programs with proven records of success in experimental conditions. Responding to his challenge, leaders in the field—including Nicholas Stern, Raymond Offenheiser, Alice Amsden, Ruth Levine, Angus Deaton, and others—question whether randomized trials are the most appropriate way to evaluate success for all programs. They raise broader questions as well, about the importance of aid for economic development and about the kinds of interventions (micro or macro, political or economic) that will lead to real improvements in the lives of poor people around the world. With one in every six people now living in extreme poverty, getting it right is crucial.
This is the first comprehensive science-based primer to highlight the unique ecosystem services provided by mangrove forests, and discuss how these services preserve the livelihoods of coastal populations. The book presents three decades of real-time data on Sundarbans and Bhitarkanika mangroves in India measuring carbon and nitrogen sequestration, as well as case studies that demonstrate the utility provided by mangroves for reducing the impact of storms and erosion, providing nutrient retention for complex habitats, and housing a vast reservoir of plant, animal and microbial biodiversity. Also addressed is the function of mangroves as natural ecosystems of cultural convergence, offering the resources and products necessary for thriving coastal communities. The book will be of interest to students, academics and researchers in the fields of oceanography, marine biology, botany, climate science, ecology and environmental geography, as well as consultants and policy makers working in coastal zone management and coastal biodiversity conservation.
This book critically analyzes the water quality in the lower Gangetic delta, and examines the environmental conditions and physical processes operating in this rich ecosystem. Readers with an interest in environmental science, geography, oceanography, marine biology, environmental biology, aquatic pollution and ecology will find the research presented here most appealing. Readers will discover critical aspects of the chemistry of the estuarine water (particularly that of Hooghly and Matla estuaries) in the lower stretch of the delta region along with the causes and effects of pollution in and around this region. Particular attention is given to the bioaccumulation of conservative pollutants in edible fishes and floral communities thriving in this region. Several case studies are also incorporated to highlight the vulnerability of pollution in this region. Chapters also address the impacts of climate change (specifically acidification) on the concentration and behavior of conservative pollutants. Finally, the book highlights some mitigation measures at the technology and policy level to minimize the negative impacts posed by different groups of pollutants on the estuarine biodiversity.
The book presents recent research on marine ecology in different parts of the world. It aims to shed light on relevant topics for budding marine ecologists. The “blue soup” of Planet Earth, which comprises both biotic and abiotic components, is essential to keeping the wheel of civilization running. Four major ecosystem service categories have been identified within this context, namely provisioning services such as water, food, mangrove timber, honey, fish, wax, fuel wood, fodder and bioactive compounds from marine and estuarine flora and fauna; regulating services such as the regulation of climate, coastal erosion, coral bleaching and pollution; cultural services encompassing recreational (tourism), spiritual and other non-material benefits; and supporting services such as nutrient cycling and photosynthesis. These valuable services are obtained from various resources that must be conserved for the sake of humanity. This book presents data for each resource type, not just in the form of a simple description, but also through case studies that resulted from several research projects and pilot programs carried out in different parts of the world. Statistical tools were also used to critically analyze the influence of relevant hydrological parameters on the biotic community. Advanced research in marine and estuarine ecology is based on the use of sophisticated instruments, sampling precision, statistical tools, etc., which have also been highlighted in the book.
Mangroves are basically salt tolerant forest ecosystems found mainly in tropical and sub-tropical inter-tidal regions. Till about 1960s, mangroves were largely viewed as “economically unproductive areas” and were therefore destroyed for reclaiming land for various economic and commercial activities. Gradually, with the passage of time, the economic and ecological benefits of mangroves have become visible and their importance is now well appreciated. Today, mangroves are observed in about 30 countries in tropical subtropical regions covering an area of about 99,300 Sq.Km. However, during the past 50 years, over 50% of the mangrove cover has been lost, mainly because of the increased pressure of human activities like shrimp farming and agriculture, forestry, salt extraction, urban development, tourist development and infrastructure. Also, dam on rivers, contamination of sea waters caused by heavy metals, oil spills, pesticides and other products etc. have been found to be responsible for the decline of mangroves. Although the temperature effect on growth and species diversity is not known, sea-level rise may pose a serious threat to these ecosystems The present book addresses all these important issues in separate chapters with some interesting case studies whose data may serve as pathfinder for future researches in the sphere of the influence of climate change on mangrove ecosystem. The role of mangroves in the sector of bioremediation is a unique feather in the crown of this coastal and brackishwater vegetation that may be taken up by the coastal industries in order to maintain the health of ambient environment. This book seeks to discover and to assess the vulnerability of climate change on mangrove flora and fauna, their role in carbon sequestration and some interesting case studies by some groups of dedicated researchers that may serve as the basis of future climate related policies.
As nature-based approaches for the mitigation of climate change are increasingly seen as part of the solution, blue carbon has recently been receiving greater international attention. This has stimulated renewed interest in better management, conservation and restoration of coastal ecosystems including mangrove forests, seagrass meadows, tidal salt marshes, and seaweed beds for the purpose of climate change mitigation. However, a number of gaps still exist in our scientific knowledge on coastal biodiversity, which are critical to developing blue carbon projects for the international carbon market. The present book has focused on some of these important issues. Apart from standardizing ecological approach in estimating blue carbon in various vegetation compartments, the book also presents few important case studies (as annexure), which can serve as the basics of hand-on-scientific training in estimating the magnitude of stored carbon in mangroves, salt marsh, seagrass, seaweeds and phytoplankton. The influence of salinity, nutrients and several relevant hydrological parameters on the rate of blue carbon sequestration has also been critically analysed.
This book covers several innovative alternative livelihoods based on mangrove floral resources with their respective SWOT analysis. True mangrove flora and their associates in Indian Sundarbans are noted for their wide spectrum of ecosystem services in which livelihoods of the region are one of the most important components. Many alternative mangrove-centric livelihoods are in the pipeline of startup. However, due to difficulty in marketing and lack of clarity over ownership of natural resources, the values of the mangrove-based products have not been fully realized. Natural resources of several categories in Indian Sundarbans like oysters, seaweeds, medicinal mangrove flora, vitamin-rich mangrove fruits, etc. are still lying untapped. These untapped resources have been spun with the livelihood sectors of the Sundarban people backed up with sound business models to make the venture sustainable. The carbon foot prints associated with each of these livelihoods have been studied in details and steps have been suggested for net zero carbon livelihood programmes along with their sustainability. The book provides the readers about several mangrove-based cutting-edge researches and technologies in the domain of climate resilient livelihood, which if implemented can lead to food and economic security of the region.
This book provides a cross-sectoral, multi-scale assessment of different environmental problems via in-depth studies of the Indian subcontinent. Data collected from different ecosystems forms a strong foundation to explore the topics discussed in this book. The book investigates how mankind is presently under the appalling shadow of pollution, climate change, overpopulation and poverty. The continuing problem of pollution, loss of forests, disposal of solid waste, deterioration of environment, global warming and loss of biodiversity have made nations aware of environmental issues. Many countries are desperately trying to move away from this adverse situation through technological development and policy level approaches. Through a number of case studies the authors provide details of ground level observations of the most environmentally stressed regions in the Indian subcontinent and beyond.
“This wonderful account of Hyderabad footballers by my friend, Amalraj, is truly enthralling. I wish him and his book all the best.” – Mohammed Azharuddin, former captain, Indian cricket team. “This is a gripping tale of a footballer who has been my close friend for decades. It is a piece of inspired storytelling.” – Dhanraj Pillay, former captain, Indian hockey team. “I am happy that Amalraj has written this book. It is a tribute to the great footballers who have emerged from Hyderabad and India.” – Ashok Kumar, Gold medalist, World Cup hockey. “Amalraj's delightful book not only brings to life the footballers of the past but also serves as a reliable record of those times.” – T. Balaram, former Olympian footballer, Asian Games gold medalist.
Contamination of groundwater with arsenic is being considered a pervasive and critical issue in recent years. Large areas in India, Bangladesh, South East Asia, and other parts of the world are suffering from this problem. Arsenic Removal from Contaminated Groundwater presents a comprehensive discussion on various important issues, including state-of-the-art arsenic removal technologies, preparation and performance analysis of laterite, and scale-up issues and design of a household filter. It also expounds the potentiality of raw laterite and treated laterite as low-cost arsenic adsorbents. The efficiency of adsorbent capacity is evaluated using real arsenic contaminated groundwater collected from an affected area in West Bengal, India. The topic is an emerging area and most of the work presented has the potential of field application.
Optimization and decision making are integral parts of any manufacturing process and management system. The objective of this book is to demonstrate the confluence of theory and applications of various types of multi-criteria decision making and optimization techniques with reference to textile manufacturing and management. Divided into twelve chapters, it discusses various multi-criteria decision-making methods such as AHP, TOPSIS, ELECTRE, and optimization techniques like linear programming, fuzzy linear programming, quadratic programming, in textile domain. Multi-objective optimization problems have been dealt with two approaches, namely desirability function and evolutionary algorithm. Key Features Exclusive title covering textiles and soft computing fields including optimization and decision making Discusses concepts of traditional and non-traditional optimization methods with textile examples Explores pertinent single-objective and multi-objective optimizations Provides MATLAB coding in the Appendix to solve various types of multi-criteria decision making and optimization problems Includes examples and case studies related to textile engineering and management
This book provides a cross-sectoral, multi-disciplinary assessment of different problems associated with estuarine acidification with special thrust on mangrove dominated Indian Sundarban estuaries. The arms of ocean acidification have extended to coastal and estuarine waters, where a wide spectrum of biodiversity thrives with unique adaptation extending several ecosystem services. Impact of acidification in these areas is a matter of concern as acidification potentially has more immediate effects on the health of estuaries and inshore regions as well as regional economies. Ground zero data collected for more than three decades have made the book stand on a strong base.
This book deals with the dynamics of local-level politics in China and India. China introduced new policies to restructure local politics in 1978. In place of communes, civil society organizations and cooperatives were introduced in villages. More changes came about with the introduction of the Organic Law of the Villagers' Committees of the People's Republic of China in 1998. The new local power structure includes state-sponsored institutions like Villagers Committees and the traditional civil society organizations (CSOs) and non-government organizations (NGOs). As in China, local politics in India undergoes considerable changes during the last few decades. Panchayati Raj Institutions (PRIs) were reformed in 1992 with a constitutional amendment act. CSOs and NGOs were allowed to function. Against this background, the present book is undertaken with the objectives first, to present two different models of local politics and second, to compare the two, finally to focus on the two different models of development. This book will interest scholars of rural governance, rural transformation, and the role of the grassroots CSOs and NGOs in shaping development program and growth in the two large countries in Asia.
Numerical simulation of manufacturing processes and its integration into the design cycle are the dual themes of this book. The computational method of choice here is the boundary element method (BEM). Detailed discussions of forming, casting, machining and grinding process modelling are included.
This book provides a cross-sectoral, multidisciplinary assessment of the major verticals of Blue Economy relevant to the mangrove ecosystem in Indian Sundarbans, which is a deltaic complex at the apex of Bay of Bengal. This book evaluates the feasibility of Blue Economy considering the natural resource base in this mangrove dominated deltaic complex. Chapter 1 discusses the need of expanding different marine and estuarine oriented verticals of Blue Economy as the land resources are gradually becoming depleted. Chapter 2 highlights the wide spectrum of biotic and abiotic resources of the Indian Sundarbans which can serve as the strong foundation of expanding Blue Economy in the region. Chapter 3 highlights several mangrove based livelihoods that are not only innovative, but may present new opportunities to initiate cottage industries. Chapter 4 highlights the threats associated with Blue Economy in Indian Sundarbans like, sea level rise, acidification of water, weather extremes, pollution, over-exploitation of natural resources, etc., along with ground-zero environmental data collated over three decades. Chapter 5 offers several solutions to combat the threats to regional Blue Economy emphasizing both technology and policy based management. The book attempts to align the proliferation of different sectors of Blue Economy in the framework of Indian Sundarbans.
This book examines the impacts that the COVID-19 lockdown has had on environmental and ecological health, with a focus on coastal ecosystems in the Lower Gangetic Delta. The book begins with an overview of COVID-19's spread and impact before and after the lockdown in the focus region, then addresses the specific impacts that the lockdown period had and continues to have on air quality, marine and estuarine water quality, coastal biodiversity, and the livelihoods of the region's inhabitants, especially those who live below the poverty line. The decrease in human activity combined with the complete closure of various sectors, including air travel, oil and gas drilling, and construction, has had a pronounced effect on biodiversity and overall environmental health that is yet to be fully realized. The book sheds light on these changes and assesses how biodiversity, ambient air quality, and ecosystem functioning will progress as COVID-19 remains a threat and the lockdown persists. The study will be of interest to researchers, government officials and professionals dealing with disaster management, environmental science, biological science, and health.
Weaving as a subject is an integral part of any textile engineering/technology program, the others being fibre manufacturing, yarn manufacturing and textile chemical processing. This book amalgamates both the compartments (preparatory processes and the loom mechanism) of weaving technology and presents a holistic picture. The machine descriptions are presented from the viewpoint of principles and no attempt has been made to make them exhaustive by incorporating various models or variants. The mathematical relations among various parameters have been derived starting from the first principles and each chapter concludes with solved numerical examples.
The ever increasing emission of carbon dioxide due to rapid industrialization, urbanization, unplanned tourism and alteration of land use pattern is causing unprecedented changes to marine biodiversity. Irrespective of political philosophy, nation, caste, sex and religion, mankind is under the appalling shadow of climate change. Today nature-based approaches for the mitigation of climate change are increasingly accepted as part of the low-cost solution. Thrust has been given by several scientific communities to assess the magnitude and viability of carbon sequestering potential of plants. Coastal producer communities like mangroves, salt marsh grass, seagrass beds, and seaweeds absorb atmospheric carbon dioxide during the process of photosynthesis. This carbon known as the ‘blue carbon’ is thus associated with the marine and estuarine ecosystems. However, a number of gaps in our scientific knowledge on blue carbon domain still exist. Molluscs, coral reefs, phytoplankton, which are amongst the important storehouses of carbon, have not been addressed. Very few scientific studies on the carbon stored in these valuable natural vaults have been performed, and no data bank is available on their carbon sequestering capacity on global basis. The methodologies for assessing blue carbon stock also need further standardization so that credit from blue carbon reservoir is accepted by the International bodies in the form of a concrete policy. It is a matter of great appreciation that Conservation International (CI), the International Union for Conservation of Natural Resources (IUCN), and the Intergovernmental Oceanic Commission (IOC) of UNESCO is collaborating with governments, research institutions, non-governmental and international organizations, and communities around the world to develop management approaches, financial incentives and policy mechanisms for ensuring conservation and restoration of blue carbon ecosystems and implement projects around the world that demonstrate the feasibility of blue carbon accounting, management, and incentive agreements. The present book has critically presented the data bank for each community of blue carbon not merely in the form of text description, but also through case studies that are the outcomes of research projects and pilot programmes.
Taking possession of private land for ‘public purpose’ by the eminent domain of the state is a global phenomenon, but it displaces and marginalizes the people at the local-level. The researchers have mainly dealt with this phenomenon either from the field, or from the archive. In this book, the author has studied the observable fact of land grab, or acquisition for industries in a particular locale of the West Bengal State by combining the field and archive in a unique mode through a multi-sited ethnographic ‘journey’. Unlike the traditional anthropological ethnographies consisting of single ‘tribes’ or ‘multi-caste villages’, this vertical ethnographic voyage of the author led him to come across a group of dispossessed peasants in the villages, a bunch of files in the district land acquisition department, a rich text of proceedings in the West Bengal Assembly Library, the growing global literature on land grab, and also to reflect on his dialogues with the elected members of the parliamentary standing committee at New Delhi. Ethnography, for the author was the road map, which guided his journey in these apparently separate existential domains of land acquisition and throws new light on how development policies are made, and how they failed, and what were the lessons learnt. Please note: Taylor & Francis does not sell or distribute the Hardback in India, Pakistan, Nepal, Bhutan, Bangladesh and Sri Lanka.
Which description fits your organisation? DREAMERS: Most Dreamers or early-stage startups, know how to build products, not organisations. Most Dreamers stay local and never become a Unicorn with a national footprint. UNICORNS: Three curses the Unicorns have to watch for-a narcissistic leader, a leadership team of old cronies and a toxic culture. These prevent them from going global and becoming Market Shapers. MARKET SHAPERS: A Market Shaper changes how we live and work-across countries and cultures. Their challenge is to continuously earn the trust of governments and communities. INCUMBENTS: Many Incumbents were once Market Shapers and Unicorns. The leaders don't know that the firm and its offerings are irrelevant. Not being able to attract and retain talent is a warning bell the leaders often ignore. Packed with ideas and innovations, this powerhouse of a book by best-selling author and talent management specialist Abhijit Bhaduri explains why leadership, talent and culture are the new drivers of growth whether you are a Dreamer, a Unicorn, a Market Shaper or an Incumbent.
The winners of the Nobel Prize in Economics upend the most common assumptions about how economics works in this gripping and disruptive portrait of how poor people actually live. Why do the poor borrow to save? Why do they miss out on free life-saving immunizations, but pay for unnecessary drugs? In Poor Economics, Abhijit V. Banerjee and Esther Duflo, two award-winning MIT professors, answer these questions based on years of field research from around the world. Called "marvelous, rewarding" by the Wall Street Journal, the book offers a radical rethinking of the economics of poverty and an intimate view of life on 99 cents a day. Poor Economics shows that creating a world without poverty begins with understanding the daily decisions facing the poor.
It has long been recognized that productivity growth and the business cycle are closely interrelated. Yet, until recently, the two phenomena have been investigated separately in the economics literature. This book provides the first consistent attempt to analyze the effects of macroeconomic volatility on productivity growth, and also the reverse causality from growth to business cycles. The authors show that by looking at the economy through the lens of private entrepreneurs, who invest under credit constraints, one can go some way towards explaining persistent macroeconomic volatility and the effects of volatility on growth. Beginning with an analysis of the effects of volatility on growth, the authors argue that the lower the level of financial development in a country the more detrimental the effect of volatility on growth. This prediction is confirmed by cross-country panel regressions. The data also suggests that a fixed exchange rate regime or more countercyclical budgetary policies are growth-enhancing in countries with a lower level of financial development. The former reduce aggregate volatility whereas the latter reduce the negative effects of volatility on long-term productivity-enhancing investment by firms. The book concludes with an investigation into how the interplay between credit constraints and pecuniary externalities is sufficient to generate persistent business cycles and to explain the occurrence of currency crises.
The winners of the Nobel Prize show how economics, when done right, can help us solve the thorniest social and political problems of our day. Figuring out how to deal with today's critical economic problems is perhaps the great challenge of our time. Much greater than space travel or perhaps even the next revolutionary medical breakthrough, what is at stake is the whole idea of the good life as we have known it. Immigration and inequality, globalization and technological disruption, slowing growth and accelerating climate change--these are sources of great anxiety across the world, from New Delhi and Dakar to Paris and Washington, DC. The resources to address these challenges are there--what we lack are ideas that will help us jump the wall of disagreement and distrust that divides us. If we succeed, history will remember our era with gratitude; if we fail, the potential losses are incalculable. In this revolutionary book, renowned MIT economists Abhijit V. Banerjee and Esther Duflo take on this challenge, building on cutting-edge research in economics explained with lucidity and grace. Original, provocative, and urgent, Good Economics for Hard Times makes a persuasive case for an intelligent interventionism and a society built on compassion and respect. It is an extraordinary achievement, one that shines a light to help us appreciate and understand our precariously balanced world.
This will help us customize your experience to showcase the most relevant content to your age group
Please select from below
Login
Not registered?
Sign up
Already registered?
Success – Your message will goes here
We'd love to hear from you!
Thank you for visiting our website. Would you like to provide feedback on how we could improve your experience?
This site does not use any third party cookies with one exception — it uses cookies from Google to deliver its services and to analyze traffic.Learn More.