Book Description

This book critically examines the geopolitical and economic contexts of the region's export-oriented industrialization. The first part of the book focuses on the global and regional elements of the economic system and recent geo-politics. The second part of the book focuses on the domestic actors and institutions which played critical roles in the miracle economies of East Asia. This collection of original papers describes the economic developments and environment that underlie the East Asian NICs. Through a comparison of the Four Tigers-South Korea, Taiwan, Hong Kong, and Singapore-the contributors deliver a case-oriented study that explains the region's most successful economies. This book is the first region-wide comparative study to provide readers with country-specific information about economic environments and development.

Key Features
* Authors examine the transferability of this region's experience to others
* Charts the successful dynamic relationships between geopolitical, economic, and social resources
* Relevant to sociological and economic studies
* In-depth case studies combined with comparative analysis within the region
* Incorporation of global security and economic contexts in the analysis of economic development and democratization ... Read more

Book Description

Why are some countries rich and others poor? Why does a farmer in Sweden have a higher standard of living than a farmer in South Africa? Why does a schoolteacher in Switzerland earn more than one in Chicago? According to leading economic theorist John Kay, economic markets are key to the wealth or poverty of the world's nations. In Culture and Prosperity, Kay explores why market economies outperform socialist or centrally directed markets -- and why the imposition of market institutions often fails. His search for the truth about markets takes him from the shores of Lake Zurich to the streets of Mumbai, through theories of evolutionary psychology and moral philosophy to the flower market at San Remo and Christie's salesroom in New York.

Witty, engaging, and grounded in cutting-edge economic theory, Culture and Prosperity is essential for understanding the state of the world today.

Book Description

EU and US Banking in the 1990s is based on a period of important changes in the world financial scene which profoundly affects banking. Both the European and US banking sectors are undergoing deep transformations brought about by different events and experiences; however, the similarities between the experience of these two areas make comparisons worthwhile and useful in identifying future trends. More than ever before, the strategic behavior of EU and US banks is expected to converge.
Written for a wide audience, this text analyzes the changing environment since 1980, both in the EU and the US. It discusses the nature of banking in relation to three main areas in economic theory: market failure and the need for regulation, effects of deregulation and integration on competition, and market entry and contestability. The book also discusses the future prospects for EU and US banking.
Financial practitioners and policy makers find this book useful because it provides a broad perspective of the changes occurring in European and US banking. It will also be a source of stimulating ideas to academics and researchers in the field. The text provides an example of modern applied analysis of banking to students attending courses on financial markets and banking and financial integration.

Key Features
* Analyzes the changing environment since 1980, both in the EU and the US
* Discusses the nature of banking in relation to three main areas in economic theory:
* Market failure and the need for regulation
* Effects of deregulation and integration on competition
* Market entry and contestability
* Discusses the future prospects for EU and US banking ... Read more

Book Description

This is the first comparative history of the economic organisation of energy, telecommunications and transport in Europe in the nineteenth and twentieth centuries. It examines the role that private and public enterprise have played in the construction and operation of the railways, electricity, gas and water supply, tramways, coal, oil and natural gas industries, telegraph, telephone, computer networks and other modern telecommunications. The book begins with the arrival of the railways in the 1830s, charts the development of arms' length regulation, municipalisation and nationalisation, and ends on the eve of privatisation in the 1980s. Robert Millward argues that the role of ideology, especially in the form of debates about socialism and capitalism, has been exaggerated.Instead the driving forces in changes in economic organisation were economic and technological factors and the book traces their influence in shaping the pattern of regulation and ownership of these key sectors of modern economies. ... Read more

Book Description

This wide-ranging and innovative book synthesizes the findings of a major international study of the political economy of poverty, equity, and growth. It represents an ambitious interdisciplinary attempt to identify patterns in the interplay of initial conditions, institutions, interests, and ideas which can help to explain the different growth and poverty alleviation outcomes in the Third World. ... Read more

Reviews (1)

New insight on economic growth and reduction of poverty
This an important book for international political economists, who today are focussed on poor nations' "failure to develop," and the persistence of poverty. Lal and Myint have gathered the results of studies of 16 poor countries. The studies were designed by the World Bank, and focussed on the question of whether successful growth reduces poverty or leaves the poor behind. An encouraging finding, summarized in Chapter 10, is that successful economic growth does improve the welfare of the poor, and the failure of economic growth deepens poverty. Other findings related to income inequality, social welfare spending, and social safety-nets are drawn from the 16 studies. The findings give a solid base from which to debate left-right policy positions on poverty elimination. The data and detail in this book make it ideal for an international political economy classroom, but perhaps not for the casual reader. ... Read more

Book Description

Book Description

Environmental economics is one of the fastest growing branches of economic studies. This volume brings together several classic articles in the field on a wide range of topics such as externality, non-renewable resources, commons, valuation techniques, sustainability, poverty and environmental resource base, and environmental policy. An introductory paper on environmental policy deals with Indian environmental policy regime and addresses international environmental economic issues from the perspective of a developing country. ... Read more

Book Description

Historians have long argued about the place of trade in classical antiquity: was it the life-blood of a complex, Mediterranean-wide economic system, or a thin veneer on the surface of an under-developed agrarian society? Trade underpinned the growth of Athenian and Roman power, helping to supply armies and cities. It furnished the goods that ancient elites needed to maintain their dominance - and yet, those same elites generally regarded trade and traders as a threat to social order. Trade, like the patterns of consumption that determined its development, was implicated in wider debates about politics, morality and the state of society, just as the expansion of trade in the modern world is presented both as the answer to global poverty and as an instrument of exploitation and cultural imperialism. This book explores the nature and importance of ancient trade, considering its ecological and cultural significance as well as its economic aspects. ... Read more

Book Description

When did Europe pull ahead of Asia in terms of living standards? A number of well-known scholars compare economic and demographic indicators of well-being in the pre-industrial period. The emerging picture is not one of great differences, but of considerable similarities in standard of living between Europe and Asia before the Industrial Revolution. ... Read more

Book Description

The underlying theme of Rudi Dornbusch's work is unabashedly Chicago, namely, the University of Chicago belief that markets solve problems best and that most bureaucrats, even when well-intentioned, are distracted by politics or excessive zeal for perfect solutions. Dornbusch seeks to challenge those in charge with alternative answers and to limit their ambitions. He takes aim at central bankers, bureaucrats, unions, do-gooders, and politicians from Brazil, Japan, Russia, and other scenes of economic disaster.

This book collects Dornbusch's recent commentaries from such publications as Business Week, the Wall Street Journal, and the Financial Times, as well as longer essays from recent and forthcoming books. The pieces focus on issues of domestic and international economic policy, including inflation and debt, exchange rates, trade policy, emerging markets, and the intersection of politics and economics. The writing is lively, opinionated, and informative. ... Read more

Reviews (2)

Packed With Knowledged!
This entertaining and sharply written collection of essays surveys the essential elements needed to assure prosperity in the 21st-century global economy. Some of the essays are dated (the only major flaw here), and some of author Rudi Dornbusch's predictions have already been proven wrong, but enough of his predictions are dead-on accurate that his views command attention. His policy prescriptions are rooted in the real world and grounded in practical experience. The region-by-region, nation-by-nation analysis is particularly intriguing and accentuates the clarity and accessibility of Dornbusch's sophisticated - if sometimes controversial - economic arguments. We [...] recommend this book as excellent reading for policymakers, investors and anyone interested in international markets and globalization.

the true key to prosperity - good governance!
Dornbush forwards a convincing argument for free markets and sound money. However one question begs to be answered. Why didn't these countries adopt the recommended policies?

There's more to prosperity than mere free markets and sound money. The ability (or rather the lack of) to sail these policies through the congress/parliament appears to be a major impedence. And luck only plays a minimal role in good governance.

Overall a good read. Non-technical approach makes this an entertaining book, only to let down by poor documentation (especially the 1st article which contains dubious looking charts with no references)... ... Read more

Book Description

This book provides an intensive review of the economic competitiveness of the Singapore economy and identifies the strategies which will allow the economy to retain its competitive advantage in an increasingly globalised economic environment in future years. It is a timely exercise in view of the fact that the international trading and investment climate has liberalised considerably, and the regional economies are achieving remarkable economic growth and development which begin to challenge Singapore's competitive edge as a regional transportation hub, international financial centre and a primary regional centre for technology and education. ... Read more

Book Description

First published in 1984 ... Read more

Book Description

First published in 1979 ... Read more

Book Description

Traces the history of European monetary negotiations from the 1960s to the 1990s. ... Read more