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This book discusses the role played by powerful global institutions such as the IMF, the World Bank, the World Trade Organisation, multinational corporations, and the international credit rating agencies in keeping Africa marginalised in the world economy. The book focuses on the intrusive roles of these institutions as enablers and beneficiaries of capital outflows and financial subordination in Africa.
This book addresses the implementation of monetary policy (MP) and focuses on the operations used by the central banks to implement their policies: the so-called operational framework of MP. The operational framework has become of paramount importance in the last fifteen years, due to the profound transformations taking place in this period. The financial crisis, started in August 2007, has rapidly changed the way in which MP is implemented around the world.
This book offers an introduction to quantum technology that is specifically tailored to economists, students of economics, and professionals in the financial and payments industries. The book reviews quantum speedups that have been identified for algorithms used to solve and estimate economic models, including function approximation, linear systems analysis, graphical modeling, Monte Carlo simulation, matrix inversion, principal component analysis, linear regression, dynamic programming, interpolation, numerical differentiation, and true random number generation.
Understanding the complex interplay between economic ideologies, political systems, and international relations is more critical than ever. The legacy of the Cold War still lingers, shaping the global stage in myriad ways. The ideological divide between capitalism and communism, democracy and authoritarianism, has left a lasting mark on our political and economic landscapes. However, as the world continues to evolve, traditional definitions and assumptions about these ideologies have begun to blur, creating a pressing need for fresh perspectives.
The United States and China are each actively pursuing development of a Blue Economy to promote greater marine, maritime, and naval capabilities through moreinnovative,sustainable and environmentally friendly means. This book examines China's approach to developing a Blue Economy, compares China's efforts to developments in the United States, analyses prospects for cooperation, and competition, and outlines strategic implications arising from China's linkage of the Blue Economy development concept to its Maritime Silk Road initiative
After the Great Financial Crisis economic theory was fiercely criticized from both outside and inside the discipline for being incapable of explaining a crisis of such magnitude. Slowly but persistently, new strands of economic thought are developing, to replace the old-fashioned neoclassical economic theory, which have a common characteristic: they are better suited to help understand the real-world economy. This book explores the key tenets and applications of these. The book opens with an explanation of the 'real world' approach to economics in which theoretical models resemble real world situations, realistic assumptions are made, and factors such as uncertainty, coordination problems and bounded rationality are incorporated.
This book provides a comprehensive analysis of India's social and economic transformation in the decades leading up to the COVID-19 pandemic and explores both resilience and vulnerabilities in Indian society. It provides an in-depth look into diverse aspects of how Indians live, earn a living and care for their children by examining vital indicators such as poverty, malnutrition, health and marriage and family relationships, among others.
The purpose of this book is three-fold. The first purpose is to posit that the fundamental substance of the universe is energy, and that energy is required (consumed) for any material transformation, or information transmission. The labor theory of value, articulated by the physiocrats and elaborated by Adam Smith, David Ricardo, J.B. Say and Karl Marx was a rough first approximation of the value creation process, in the 17th and 18th centuries, but is now obsolete. The second aim of the book is to argue that the economy is a living (open) system -- an "island of order" -that exists far from both thermodynamic and economic equilibrium. The third aim of the book is to re-emphasize, that - being open - the economic system cannot be regarded as a collection of individual competitive utility-maximizing transactions.
The Patient Protection and Affordable Care Act (commonly referred to as ObamaCare or PPACA), which was signed into US law in 2010, generated a lot of noise from both supporters and detractors. This book argues that the changes introduced by ObamaCare were, in the long history of government intervention in the US health system, generally not as new or novel as claimed. The scope of the changes introduced by ObamaCare is very wide and covers, among others: the health insurance industry, pharmaceuticals, employers, employees, or the uninsured. The structure of the book shows the individual causes, key assumptions, and impacts of the reform on individual elements or areas of the US health system.
This book discusses key issues in economic policy in the context of the history of economic thought. Most of the current and past academic controversies in economics are, explicitly or implicitly, centered around the application and form of economic policy. This is particularly evident in the post-WWII period, with the appearance of economic policy as a distinguishable subfield, but important elements of various economic policy issues can be found throughout the history of economic thought.
The second edition of Behavioral Economics: The Basics, summarizes behavioral economics, which uses insights from the social sciences, especially psychology, to explain real-world economic behavior. Behavioral economic insights are routinely used not only to understand the choices people make but also to influence them, whether the aim is to enable citizens to lead healthier and wealthier lives, or to turn browsers into buyers.
This book focuses on the new concept of bioeconomy which collects the wisdom from life science, medicine and economics. lt finds the origins from ten existing theories, and also regards as "Pan's bioeconomy". It has provided new methods for economic science research, opened up new fields for life science research, provided the right answer for China's economic miracle, filled the gap between materialism and idealism, and removed the fence between natural science and social science
Drawing on more modern expressions of economic analysis, this book explores the interplay between wellbeing, nature and moral values in economics. In standard accounts of economics, these three themes are typically treated in isolation from each other, or else overlooked entirely. This book argues that due to this blinkered approach, standard economic analysis is poorly equipped to deal with global contemporary challenges including climate change, biodiversity loss, sustainability, and the risk of pandemic diseases.
In an era of increasing inequalities, and also of deep anxieties about the consequences of two major economic crises, economists are faced with a major question: can economic growth be achieved without inequalities? Economic Growth and Inequality critically evaluates the economic literature on this question from a pragmatic perspective, seeking to reconcile those who regard economic liberties as a paramount value, and critics who object that prioritizing these liberties leads to inequitable outcomes.
Chartered in 1921, the Service Employees International Union (SEIU) is a worldwide organization that represents more than two million workers in occupations from healthcare and government service to custodians and taxi drivers. Women form more than half the membership while people in minority groups make up approximately forty percent. Luís LM Aguiar and Joseph A. McCartin edit essays on one of contemporary labor's bedrock organizations. The contributors explore key episodes, themes, and features in the union's recent history and evaluate SEIU as a union with global aspirations and impact.
This book presents research on energy poverty alleviation, approaching the complex phenomenon topic holistically and with heterogeneity. It includes contributions from research teams studying the topic at a national, regional and local levels worldwide. The book is divided in two main blocks. The first part, New Approaches, involves novel assessments and concepts from a global and multidisciplinary point of view. The second part, Contexts, offers new theoretical diagnoses focused on case studies of different scales from around the world, and concepts for future trends.
Poor Atlanta looks at the poor people's campaigns in Atlanta in the 1960s and 1970s, which operated in relationship to Sunbelt city- building efforts. With these efforts, city leaders aimed to prevent urban violence, staunch disinvestment, check white flight, and amplify Atlanta's importance as a business and transportation hub. As urban leaders promoted Forward Atlanta, a program to, in Mayor Ivan Allen Jr.'s words, "sell the city like a product," poor families insisted that their lives and living conditions, too, should improve.
In the ongoing effort to combat global climate catastrophe, animal agriculture has long been a subject of contention. On the one hand, most agree that across the world increasing meat and dairy consumption are accelerating anthropogenic climate change. On the other hand, proponents of the livestock industry argue that modern advancements reduce greenhouse gas emissions from efficient livestock production to negligible quantities. Some even maintain that grass-based livestock production has a net positive impact on the environment, due to the carbon sequestration caused by grazing.
Energy costs in the economy amount to only a few percent of gross domestic product, but their importance to economic growth is much greater than their apparent number. Energy is used in almost all production and consumption activities, and energy price changes induce significant spillover effects throughout the economic system. More importantly, stable and affordable access to energy is a critical factor in determining the rate of capital accumulation in a domestic economy and, hence, labor productivity growth.
This book is a broad collection of short and concise chapters addressing important issues relating to population levels, trends, and differentials. In addition to traditional population concerns, such as growth, composition, fertility, mortality, and migration, the articles address a broad range of related issues, including climate change, environmental degradation, socio-economic development, and policy development. The articles are concise, focused on specific issues, and presented in a style that avoids technical jargon and is easily understood by a broad range of readers.
Introductory Microeconomics explains the basic principles of microeconomics, producer and consumer choices, resource markets, and government policies. The book describes the economics of exchange, such as the role of economic growth, factors that determine the amount and types of exchange, the supply and demand model of market operations, price setting, price changes, and the impact of one market on other markets.
When it comes to making this complex topic easy to grasp, "Economics DeMYSTiFieD" corners the market. This fast and easy guide features: Expert overviews of key topics, including supply and demand, macro- and microeconomics, consumer price index, and monetary policy; Chapter-ending quizzes and a final exam for charting your progress; Math equations you can work out to bolster your comprehension; Special-focus chapters on the environment, healthcare, and insurance.
Introductory Economics: A Textbook for Class XII deals with fundamentals of Micro and Macroeconomics for the beginners as per the new syllabus issued by NBSE and CBSE. Part-A of the book deals with Microeconomics containing five units and Part-B contains another six units explaining the basics of Macroeconomics. A total of eleven units have been suitably divided into twenty seven chapters