Cooperatives the world over are successfully developing alternative models of decision-making, employment and operation without the existence of managers, executives and hierarchies. Through case studies spanning the US, Latin America and Europe, including valuable new work on the previously neglected cooperative movement in Cuba, Peter Ranis explores how cooperatives have evolved in response to the economic crisis. Going further yet, Ranis makes the novel argument that the constitutionally enshrined principle of 'eminent domain' can in fact be harnessed to create and defend worker cooperatives. Combining the work of key radical theorists, including Marx, Gramsci and Luxemburg, with that of contemporary political economists, such as Block, Piketty and Stiglitz, Cooperatives Confront Capitalism provides what is perhaps the most far-reaching analysis yet of the ideas, achievements and wider historical context of the cooperative movement.
The world's 58 poorest countries are diverse in many respects, but they share the characteristic of a labor force overwhelmingly dependent on agriculture. Challenging the assumption that mass poverty and chronic hunger are insoluble problems, this book systematically explores the multiple aspects of economic development in these countries, which are home to 60 percent of the world's population. The authors offer a broad-based development strategy to raise incomes through agricultural productivity growth and expanded rural employment. They present rich new information on the rural informal sector and on agriculture-industry interactions, and they analyze the impact of macroeconomic and social policies on the rural economy. Policy instruments aimed at bringing about broad-based development are carefully assessed from fiscal policy to development of hew seeds and farm implements. The book includes detailed case studies of countries that have seized—or missed—development opportunities. Comparison of the successful economic transformations of Japan and the United States shows how key ideas, which the authors call strategic notions, have enabled policymakers to act with foresight. Analyses of strategic choices in China, the Soviet Union, Taiwan, Mexico, Kenya, and Tanzania also show how development strategies that emerge from the real-world political economy reflect a mix of individual interests and strategic notions.
Over the past several years, the field of international investing has been transformed by a host of new, state-of-the-art techniques. Quantitative Investing forthe Global Markets is the definitive handbook for money and portfolio managers, research analysts, pension consultants, corporate treasurers, and other professionals seeking a competitive edge in the global investment marketplace. Topics include: international asset allocation; optimum diversification levels; style analysis and evaluation; market neutral strategies; global stock valuation; advanced strategies for hedging currency risk; international benchmarking; etc.
In the late 1950s, the Filipino economy could reasonably have been described as more advanced than those of its South Asian neighbours. Ever since then, however, it has consistently lagged behind and only really started to grow strongly in the mid-1990s and even then it failed to achieve the growth rates of the rest of Southeast Asia ten years earlier. This book critically analyses the Filipino economy and attempts to explain the problems that it has faced, as well as the solutions that need to be put into practice. This accessible and comprehensive book will be of great use to students, academics and business professionals with an interest in the economies of Asia.
Economic crises arising from exchange rate volatility and high inflation have affected countries around the world, particularly those with developing economies. The usual response of countries during times of crisis has been to design and implement stabilisation packages aimed at controlling the exchange rate, stabilising inflation, and restoring economic fundamentals. The stabilisation attempts pursued in Latin America, Africa and Eastern Europe since the 1970s have motivated an interesting literature debating which strategy to adopt in order to achieve stabilisation and evaluate the merits of institutions such as the International Monetary Fund (IMF), the World Bank (WB) and the International Development Bank (IDB) in assisting countries during these efforts. Provided that times of crisis and volatility will affect the traditional benchmarks used by economists, adjusting the basic economic framework to account for such structural changes is of paramount importance. This book makes an important contribution to this debate by providing a comprehensive review of the literature on stabilisation, and by extending analytical models to account for the shortcoming of crises, in an effort to test their relevance across developing countries. The essays in this volume will be of interest to policy makers, professional economists and students for their measurable implications and as a guide for further research in the literature.
For 50 years, the International Finance Section at Princeton University has encouraged and published work in international finance. This volume, a semicentennial celebration of the Section's essays in international finance, is comprised of 12 essays.
Arguing that economic policies in Argentina, Brazil, and Mexico favor markets over institutions and the international economy over the domestic - to the detriment of the workforce in those countries - this publication presents extensive evidence in support of placing employment concerns at the center of economic and social policies. The authors discuss the challenges the three countries face in creating employment, as well as the evolution of the labor market since 1990 in terms of the quantity and quality of jobs. They then explore the impact of five policy areas on employment creation: macroeconomic policy, trade liberalization, foreign direct investment, labor market regulations and policies, and social dialogue. Their concluding recommendations offer concrete steps for balancing market forces and policy intervention in the interest of employment growth in a sound economy
Despite a spectacular expansion of the higher education sector in Sub-Saharan Africa, the supply of tertiary education has generally failed to keep pace with demand, and the region continues to lag behind all other regions in terms of access to tertiary education. This is in part a consequence of deeply entrenched patterns of inequitable access to higher education, and the perpetuation of what researchers refer to as “elite systems.†? To date, access to tertiary education in Sub-Saharan Africa has unduly benefited students drawn from the region’s wealthiest households, and overall enrollment remains disproportionately male and metropolitan. These factors stifle the catalytic potential of higher education, corroding its potential for driving economic growth and sustaining poverty reduction. Instead, patterns of access to tertiary education have generally reinforced and reproduced social inequality, instead of eroding its pernicious social and economic effects. Sharing Higher Education’s Promise beyond the Few in Sub-Saharan Africa aims to inform an improved understanding of equity in tertiary enrollment in Sub-Saharan African countries and to examine the extent to which inequity functions as a bottleneck, inhibiting the ability of African universities to effectively drive improvements in overall quality of life and economic competitiveness. In our survey of the evidence, we also aim to identify which policies most effectively address the challenge of promoting equity of access in Sub-Saharan African tertiary education systems. To achieve these objectives, the book collects, generates, and analyzes empirical evidence on patterns of equity; examines the underlying causes of inequity; and evaluates government policies for addressing inequity.
A large share of the population in many developing countries suffer from chronic undernutrition. In this book, Professor Svedberg provides a detailed comparative study of undernutrition in Sub-Saharan Africa and South Asia, the two worst affected areas, and provides crucial advice for all those concerned in development worldwide. The book concentrates on the five challenges that undernutrition creates: what undernutrition is, who the undernourished are, where the undernourished are, when people are undernourished, and why people are undernourished. The book is divided into five parts: Part I introduces the main paradigms and controversies of undernutrition; Part II deals with the relationship in the individual between calorie intake/expenditure, work effort, body weight, and income; Part III assesses the method of defining and measuring undernutrition based on estimates of gaps between calorie intake and calorie requirements for households; Part IV provides a parallel analysis of the main alternative approach to defining and measuring undernutrition, based on anthropometric assessment, mainly of young children, but also adolescents and adults; Part V analyses the consequences and causes of anthropometric failure, as well as the related policy issues.
Based on extensive ethnographic and quantitative research, conducted in Ukraine and Russia between 2004 and 2012, this book’s central argument is that for many people the informal economy, such as cash in hand work, subsistence production and the use of social networks, is of great importance to everyday life. Formal work is both a facilitator of such processes and is often supported by them, as people can only afford to undertake low paid formal work as a result of their informal incomes. By looking at the informal nature of formal work and practices, informal practices, gift giving, volunteer work and the economies of the household the book is one of the first to give an overview of the nature of the informal economy in all spheres of everyday practice.
With the process of a 'wider Europe' (EU-Commission President Romano Prodi's 'ring of friends') that extends from Marrakech in Morocco to St Petersburg in Russia gathering speed, the growing rift between Europe and America also is about how to deal politically with the countries of the Mediterranean-Muslim world. The house of Islam (Dar al Islam) was pivotal to the European path to the Renaissance and to the re-discovery of classic Greek philosophy. The Mediterranean policy of the European Union aims at a positive and co-operative relationship with the region. A successful integration of the Mediterranean South would have tremendous and positive repercussions for regional and world peace. World-wide leading experts from the field of world systems analysis, economics, integration theory, political science, theology and area studies, agnostics, Christians, Jews and Muslims alike discuss the issue with European decision makers. The outcome is an interdisciplinary evaluation of this projected export of peace, co-operation, dialogue and stability in the framework of world centre-periphery relationships.
Peter Wolff analyzes the history and major economic features of the Vietnamese reforms since 1975. He focuses on the reform of enterprises and the financial sector and gives an overall picture of the reform efforts in the areas of rural development, the social sectors and environmental policy.
This book presents case studies highlighting social, economic, political, and biological dimensions of environmental degradation in the Third World. It uses local data to examine, test, and refine larger explanatory models and theories. .
A lively and well written comparison of economic transformation in China and the USSR/Russia, combining a good knowledge of the Chinese economy with a radical critique of Western transition orthodoxy, this very topical and very controversial book will be useful reading for students, administrators in many countries and international agencies, and business people.' - Michael Ellman, University of Amsterdam `Peter Nolan makes a pungent challenge to conventional wisdom by arguing that the Chinese approach to system reform has been vastly more successful than the shock therapy applied to Russia. His book is based on extensive comparison and deep insight into the political economy of both countries.' - John Toye, Institute of Development Studies, Sussex This book is the first attempt to analyse systematically the dramatic contrast in the results of post-Stalinist reform in China and Russia. It argues that there emerged a 'transition orthodoxy' about how to reform the communist systems of political economy. However, it was deeply flawed. The advice which flowed from this orthodoxy was the primary cause of the Soviet disaster. The decision not to follow it was the main reason for China's enormous success in its reform programme.
This book highlights the necessity of analyzing Latin American society and politics within broad comparative frameworks. It explores methodological strategies for regional comparison and offers new approaches to the study of women, state power, corporatism, and political culture.
This book is about the institutions, incentives and constraints that guide the behaviour of people and organizations involved in the implementation of foreign aid programmes. While traditional performance studies tend to focus almost exclusively on the policies and institutions in recipient countries, this book looks at incentives in the entire chain of organizations involved in the delivery of foreign aid, from donor governments and agencies to consultants, experts and other intermediaries. Four aspects of foreign aid delivery are examined in detail: incentives inside donor agencies, the interaction of subcontractors with recipient organizations, incentives inside recipient country institutions, and biases in aid performance monitoring systems.
Development economics is about understanding how and why lives change. How Lives Change: Palanpur, India, and Development Economics studies a single village in a crucially important country to illuminate the drivers of these changes, why some people do better or worse than others, and what influences mobility and inequality. How Lives Change draws on seven decades of detailed data collection by a team of dedicated development economists to describe the evolution of Palanpur's economy, its society, and its politics. The emerging story of integration of the village economy with the outside world is placed against the backdrop of a rapidly transforming India and, in turn, helps to understand the transformation. It puts development economics into practice to assess its performance and potential in a unique and powerful way to show how the development of one village since India's independence can be set in the context of the entire country's story. How Lives Change sets out the role of, and scope for, public policy in shaping the lives of individuals. It describes how changes in Palanpur's economy since the late 1950s were initially driven by the advance of agriculture through land reforms, the expansion of irrigation and the introduction of "green revolution" technologies. Since the mid-1980s, newly emerging off-farm opportunities in nearby towns and outside agriculture became the key driver of growth and change, profoundly influencing poverty, income mobility, and inequality in Palanpur. Village institutions are shown to have evolved in subtle but clear ways over time, both shaping and being shaped by economic change. Individual entrepreneurship and initiative is found to play a critical role in driving and responding to the forces of change; and yet, against a backdrop of real economic growth and structural transformation, this book shows that human development outcomes have shown only weak progress and remain stubbornly resistant to change.
Despite a spectacular expansion of the higher education sector in Sub-Saharan Africa, the supply of tertiary education has generally failed to keep pace with demand and the region continues to lag all other regions in terms of access to tertiary education. This is in part a consequence of deeply entrenched patterns of inequitable access to higher education, and the perpetuation of what researchers refer to as “elite systems†?. To date, access to tertiary education in Sub-Saharan Africa has unduly benefitted students drawn from the region’s wealthiest households, and overall enrollment remains disproportionately male, and metropolitan. These factors stifle the catalytic potential of higher education, corroding its potential for driving economic growth and sustaining poverty reduction. Instead, patterns of access to tertiary education have generally reinforced and reproduced social inequality, instead of eroding its pernicious social and economic effects. This report aims to inform an improved understanding of equity in tertiary enrollment in Sub-Saharan African countries, and to examine the extent to which inequity functions as a bottleneck inhibiting the ability of African universities to effectively drive improvements in overall quality of life and economic competitiveness. In our survey of the evidence, we also aim to identify which policies most effectively address the challenge of promoting equity of access in SSA tertiary education systems. In order to achieve these objectives, the report collects, generates and analyzes empirical evidence on patterns of equity, examines the underlying causes of inequity, and evaluates government policies for addressing inequity.
The present book deals with the biology of a wide range of coccidia of numerous genera including Emeria, Isospora, Sarcocystis, Toxoplasma, Caryospora, and Cryptosporidium. The book will be valuable for advanced undergraduates, graduate students, research workers, and teachers in biology, especially useful for parasitologists teaching the subject and essential for coccidiologists doing research on coccidia. The book has also an appeal for physicians, veterinarians, and zoologists needing an update of information in the general field of coccidiosis
Summarizes and synthesizes the land reform programs in Latin America over the past 30 years. Considers the political, social, economic, and institutional aspects, and the outcomes, in light of current and future land reform. Paper edition (unseen), $9.95. Annotation copyrighted by Book News, Inc., Portland, OR
In five decades, Taiwan has shifted from an authoritarian regime to a multi-party democracy, has moved steadily toward modernization, and has become an economically affluent, socially pluralistic society. Its experience provides valuable lessons for developing countries. This book offers a critical assessment of Taiwan's path to modernization, focusing particularly on developments of constitutional democracy and the rule of law, democratic transition and consolidation, internationalization and globalization, and social developments. From its market economy to its democratization, Taiwan provides a valuable case study. On social developments, it provides a unique model of demographic transition, rising women's social status, and the emergence of the nuclear family. In eighteen chapters written by prominent scholars, this book examines the multiple aspects of Taiwan's modernization in a global perspective.
The four Pacific Basin countries (Taiwan, South Korea, Hong Kong and Singapore) have emerged as dynamic and rapidly-growing economies. This study analyzes the economic factors that have led to this position.
A role model for late industrializing countries, Taiwan provides unique and interesting development lessons for third world countries. Once a poverty-stricken, resource-poor, technologically backward nation, Taiwan has become the hub of a global production network in many high tech industries with increasing significance in the world economy. In ten outstanding essays, written by highly respected economists, this book analyzes Taiwan's postwar economic development path, providing a valuable case study of its structural transformation from a labor-intensive to a technology-intensive economy. The book addresses three major topics. First it recaptures the lessons of Taiwan's experience. Then it considers the role of foreign investment on structural transformation and globalization. Finally, it examines Taiwan's economy in a global perspective, evaluating its role in the world market from the past to the future and its evolution from a colony to a newly industrialized country.
This book examines the political economy of the states of Pacific Asia, stretching from Japan to Burma since the end of WWII. "Governance in Pacific Asia" offers a comprehensive account of the diverse experiences of the states in Pacific Asia. Organized thematically around government and business relations in the main sectors of the economy, chapters cover the historical, social, and cultural contexts for such policies as well as the social and political consequences of rapid economic development. They also discuss the increasing economic integration of the region as well as its impact on global affairs and the reverse effect of globalization upon particular political systems. Each chapter contains case studies and examples from anywhere in the region, with some countries appearing more regularly, such as China, Japan, newly industrialized economies, Thailand, the Philippines, Malaysia, Indonesia and Vietnam. "Governance in Pacific Asia" provides an in-depth comparative survey of a key region in world politics and political economy. An essential text that includes sources from the region in at least three languages (Chinese, Japanese, and Indonesian/Malay), it will be of interest to students and faculty in international relations, developmental politics, Asian politics, and political economy.
Drawing on a rich literature and case study material from selected industries, and elaborating on key concepts such as firms and competencies, industries and industrial systems, and competitiveness and prosperity, this book sets out to answer three broad research questions: * What is competition about in today's economy? * Why do geographical areas (local milieus, cities, regions, countries) specialize in particular types of economic activity, and why do patterns of specialization, once in place tend to be so tremendously durable? * How can high-cost regions in general and small industrialized countries in particular sustain competitiveness and prosperity in an increasingly globally integrated world economy? This book points the way out of a dilemma created by recent industrial theory and policy: is it possible for countries which are not destined to be leading high-tech powers to take advantage of the current conjuncture of increasingly open-markets.
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