This book is a fresh and readable account of the Covid-19 pandemic and how scientists and medical doctors are helping governments to manage the crisis. The book contains interviews and exchanges with dozens of scientists, doctors, experts, government representatives, and journalists. Why do some of the most scientifically advanced countries have the highest Covid-19 mortality? During the pandemic, the research community has been at the heart of—and actor in—a global scandal. Why has science failed? With the help of numerous testimonies from China, France, the UK and the USA in particular, the book provides an insider’s view on this major crisis. Although the governments of these countries based their Covid-19 strategy on science, scientists failed to have a decisive influence on decision-makers—except in China—, which created genuine “time bombs.” The accelerated development of vaccines does not erase past months’ errors. The crisis led to the development of “science politics” at an unprecedented rate. More worryingly, experts themselves acknowledge that they did not rise to the challenge. Covid-19 also highlighted the weakness of democratic regimes and the power of technocapitalism. Countries pulled down their blinds, locked their doors, and promoted national approaches rather than international cooperation. The author proposes to set up an international framework on health risk to co-construct decision-making. He advocates political distancing in order to put the basics first: develop science, fight ignorance.
This book provides for the first time an insider’s view into ITER, the biggest fusion reactor in the world, which is currently being constructed in southern France. Aimed at bringing the “energy of the stars” to earth, ITER is funded by the major economic powers (China, the EU, India, Japan, Korea, Russia and the US). Often presented as a “nuclear but green” energy source, fusion could play an important role in the future electricity supply. But as delays accumulate and budgets continue to grow, ITER is currently a star partially obscured by clouds. Will ITER save humanity by providing a clean, safe and limitless source of energy, or is it merely a political showcase of cutting-edge technology? Is ITER merely an ambitious research project and partly a PR initiative driven by some politically connected scientists? In any case, ITER has already helped spur on rival projects in the US, Canada and the UK. This book offers readers a behind-the-scenes look at this controversial project, which France snatched from Japan, and introduces them to a world of superlatives: with the largest magnets in the world, the biggest cryogenic plant and tremendous computing power, ITER is one of the most fascinating, and most international, scientific and technological endeavours of our time.
This volume is aimed at all those who wonder about the mechanisms and effects of the disclosure of knowledge. Whether they have a professional interest in understanding these processes generally, or they wish to conduct targeted investigations in the PCST field, it will be useful to anyone involved in science communication, including researchers, academics, students, journalists, science museum staff, scientists high public profiles, and information officers in scientific institutions.
This book is a fresh and readable account of the Covid-19 pandemic and how scientists and medical doctors are helping governments to manage the crisis. The book contains interviews and exchanges with dozens of scientists, doctors, experts, government representatives, and journalists. Why do some of the most scientifically advanced countries have the highest Covid-19 mortality? During the pandemic, the research community has been at the heart of—and actor in—a global scandal. Why has science failed? With the help of numerous testimonies from China, France, the UK and the USA in particular, the book provides an insider’s view on this major crisis. Although the governments of these countries based their Covid-19 strategy on science, scientists failed to have a decisive influence on decision-makers—except in China—, which created genuine “time bombs.” The accelerated development of vaccines does not erase past months’ errors. The crisis led to the development of “science politics” at an unprecedented rate. More worryingly, experts themselves acknowledge that they did not rise to the challenge. Covid-19 also highlighted the weakness of democratic regimes and the power of technocapitalism. Countries pulled down their blinds, locked their doors, and promoted national approaches rather than international cooperation. The author proposes to set up an international framework on health risk to co-construct decision-making. He advocates political distancing in order to put the basics first: develop science, fight ignorance.
This book provides for the first time an insider’s view into ITER, the biggest fusion reactor in the world, which is currently being constructed in southern France. Aimed at bringing the “energy of the stars” to earth, ITER is funded by the major economic powers (China, the EU, India, Japan, Korea, Russia and the US). Often presented as a “nuclear but green” energy source, fusion could play an important role in the future electricity supply. But as delays accumulate and budgets continue to grow, ITER is currently a star partially obscured by clouds. Will ITER save humanity by providing a clean, safe and limitless source of energy, or is it merely a political showcase of cutting-edge technology? Is ITER merely an ambitious research project and partly a PR initiative driven by some politically connected scientists? In any case, ITER has already helped spur on rival projects in the US, Canada and the UK. This book offers readers a behind-the-scenes look at this controversial project, which France snatched from Japan, and introduces them to a world of superlatives: with the largest magnets in the world, the biggest cryogenic plant and tremendous computing power, ITER is one of the most fascinating, and most international, scientific and technological endeavours of our time.
The creation of the World Trade Organization (WTO) in 1995 ushered in a new era in world trading arrangements. Building on the General Agreement on Trades and Tariffs (GATT), the intergovernmental treaty that for 50 years had regulated international trade relations, the WTO is a global organization of equal standing to the International Monetary Fund and the World Bank, and will set the agenda for international trade for decades to come. The authors of this volume were heavily involved in the Uruguay Round of GATT negotiations that laid the foundations for the creation of the WTO, and were ideally placed to see how the politics of negotiation affects the economics of trade. The Political Economy of the World Trading System is the first comprehensive and accessible introduction to the institutional mechanics, economics, and politics of the global trading networks. It goes beyond description of the rules of the WTO to analyse the political and economic forces that sculpted them, the incentives for countries to abide by them, and the likely future direction of the organization. The authors show how governments are not necessarily the social welfare-maximizing entities often found in textbooks, but instead develop policy subject to the pressures of a variety of interest groups. Although economic theory suggests that countries should pursue liberal trade policies and exchange goods and services on the basis of their comparative advantage, in practice most nations actively intervene in international trade. The political economy approach taken in this volume explains how the WTO functions, why GATT has been very successful in reducing tariffs, and why it has proven much more difficult to expand the reach of multilateral disciplines to domestic policies impacting on trade. This book will increase the reader's understanding of international economics, business, and international relations by supplying in-depth insider knowledge of how trade negotiations take place, how this decision-making affects trade policy, and how the multilateral arrangements that shape world trade are created. This information is crucial to understand why WTO rules are phrased as they are, and to understand the processes by which business organizations, industrial associations, and political lobbies influence the multilateral trading system. In this expanded and thoroughly revised edition, the authors have taken account of the recent developments in international trade relations, included an extra chapter on the historical importance of international trading arrangements, and updated all the references and guides to further reading.
Most of the scholarship regarding the Dutch monk and architect Dom Hans van der Laan OSB (1904-1991) has been narrowly focused on his architectural theory and projects. The liturgical and theological dimensions have been virtually neglected, though they are vital for a proper understanding of his thought. Through a thorough reading of the original sources, including previously unexplored documents from various archives, this book takes an interdisciplinary approach to Van der Laan’s theory. It brings together the different aspects of his work by studying both the liturgical-theological and architectural elements. On this basis the book offers a synthesis of the way in which Van der Laan was able to link earthly matter to the divine Mystery.
This book provides a comprehensive discussion of the issues related to risk, volatility, value and risk management. It includes a selection of the best papers presented at the Fourth International Finance Conference 2007, qualified by Professor James Heckman, the 2000 Nobel Prize Laureate in Economics, as a high level one. The first half of the book examines ways to manage risk and compute value-at-risk for exchange risk associated to debt portfolios and portfolios of equity. It also covers the Basel II framework implementation and securitisation. The effects of volatility and risk on the valuation of financial assets are further studied in detail. The second half of the book is dedicated to the banking industry, banking competition on the credit market, banking risk and distress, market valuation, managerial risk taking, and value in the ICT activity. With its inclusion of new concepts and recent literature, academics and risk managers will want to read this book. Sample Chapter(s). Introduction (40 KB). Chapter 1: Managing Derivatives in the Presence of a Smile Effect and Incomplete Information (97 KB). Contents: Managing Derivatives in the Presence of a Smile Effect and Incomplete Information (M Bellalah); A Value-at-Risk Approach to Assess Exchange Risk Associated to a Public Debt Portfolio: The Case of a Small Developing Economy (W Ajili); A Method to Find Historical VaR for Portfolio that Follows S&P CNX Nifty Index by Estimating the Index Value (K V N M Ramesh); Some Considerations on the Relationship between Corruption and Economic Growth (V Dragota et al.); Financial Risk Management by Derivatives Caused from Weather Conditions: Its Applicability for Trkiye (T uzkan); The Basel II Framework Implementation and Securitization (M-F Lamy); Stochastic Time Change, Volatility, and Normality of Returns: A High-Frequency Data Analysis with a Sample of LSE Stocks (O Borsali & A Zenaidi); The Behavior of the Implied Volatility Surface: Evidence from Crude Oil Futures Options (A Bouden); Procyclical Behavior of Loan Loss Provisions and Banking Strategies: An Application to the European Banks (D D Dinamona); Market Power and Banking Competition on the Credit Market (I Lapteacru); Early Warning Detection of Banking Distress OCo Is Failure Possible for European Banks? (A Naouar); Portfolio Diversification and Market Share Analysis for Romanian Insurance Companies (M Dragota et al.); On the Closed-End Funds Discounts/Premiums in the Context of the Investor Sentiment Theory (A P C do Monte & M J da Rocha Armada); Why has Idiosyncratic Volatility Increased in Europe? (J-E Palard); Debt Valuation, Enterprise Assessment and Applications (D Vanoverberghe); Does The Tunisian Stock Market Overreact? (F Hammami & E Abaoub); Investor-Venture Capitalist Relationship: Asymmetric Information, Uncertainty, and Monitoring (M Cherif & S Sraieb); Threshold Mean Reversion in Stock Prices (F Jawadi); Households'' Expectations of Unemployment: New Evidence from French Microdata (S Ghabri); Corporate Governance and Managerial Risk Taking: Empirical Study in the Tunisian Context (A B Aroui & F W B M Douagi); Nonlinearity and Genetic Algorithms in the Decision-Making Process (N Hachicha & A Bouri); ICT and Performance of the Companies: The Case of the Tunisian Companies (J Ziadi); Option Market Microstructure (J-M Sahut); Does the Standardization of Business Processes Improve Management? The Case of Enterprise Resource Planning Systems (T Chtioui); Does Macroeconomic Transparency Help Governments be Solvent? Evidence from Recent Data (R Mallat & D K Nguyen). Readership: Academics and risk managers.
Becoming a member of the European Union is one of the most important objectives of the Czech Republic for the coming years, both for the government, and for the Czech society as a whole." With the exception of a few traditional Czech products, the Czech Republic is not a major exporter of agricultural goods due to its land-locked position and relatively poor product differentiation. Since the "velvet revolution" in 1989, agricultural production has declined. To conform to European Union standards for accession, the Czech Republic needs to make some adjustments. This report reviews the current state of Czech agriculture and agro-industry in the context of EU accession. It analyzes institutional reforms and their actual impacts and proposes a series of adjustments to complete the reforms in the agricultural sector. This report is intended for agricultural scientists, public officials, agricultural and agro-industrial leaders, and researchers interested in the transformation of agriculture in the transition economies and in issues pertaining to accession of Central and East European candidate countries to the European Union.
The first two decades of the twenty-first century have witnessed an influx of innovations and reforms in public financial management. The current wave of reforms is markedly different from those in the past, owing to the sheer number of innovations, their widespread adoption, and the sense that they add up to a fundamental change in the way governments manage public money. This book takes stock of the most important innovations that have emerged over the past two decades.
This book provides an up-to-date guide to managing Country Risk. It tackles its various and interlinked dimensions including sovereign risk, socio-political risk, and macroeconomic risk for foreign investors, creditors, and domestic residents. It shows how they are accentuated in the global economy together with new risks such as terrorism, systemic risk, environmental risk, and the rising trend of global volatility and contagion. The book also assesses the limited usefulness of traditional yardsticks of Country Risk, such as ratings and rankings, which at best reflect the market consensus without predictive value and at worst amplify risk aversion and generate crisis contamination. This book goes further than comparing a wide range of risk management methods in that it provides operational and forward-looking warning signs of Country Risk. The combination of the authors’ academic and market-based backgrounds makes the book a useful tool for scholars, analysts, and practitioners.
This paper examines the promise and challenge of infrastructure privatization in sub-Saharan Africa, with particular emphasis on power, telecommunications, water, rail, ports and airports. The paper places primary emphasis on mobilizing private investment in infrastructure. To realize the potential of infrastructure privatization in sub-Saharan Africa, four main challenges must be addressed: a) concerns over market size, affordability and payment risks; b) establishing adequate legal and regulatory frameworks; c) dealing with non commercial risks; and d) mobilizing local finance. The paper examines these four areas and gives elements of a future strategy for the World Bank Group.
French edition. World Bank Technical Paper No. 298F (Les filles et lécole en Afrique subsaharienne: De lanalyse á laction). Summarizes the factors that constrain girls schooling in Sub-Saharan Africa and outlines practical ways of designing programs that will accelerate female participation in education in the region. Also available in English: (ISBN 0-8213-3373-9) Stock No. 13373.
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