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"In One Economics, Many Recipes, leading economist Dani Rodrik argues that neither globalizers nor antiglobalizers have got it right. While economic globalization can be a boon for countries that are trying to dig out of poverty, success usually requires following policies that are tailored to local economic and political realities rather than obeying the dictates of the international globalization establishment. A definitive statement of Rodrik's...
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With high growth rates in Asia, most notably in China, India, and Southeast and Central Asia, Eurasia's economic centre of gravity is rapidly shifting to the East. At the same time, most of Europe faces serious barriers to growth in the long term. This volume examines the causes and consequences of this major shift in economic power.
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"In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, home appliances, motor vehicles, air travel, air conditioning, and television transformed households and workplaces. With medical advances, life expectancy between 1870 and 1970 grew from forty-five to seventy-two years. Weaving together a narrative, historical anecdotes, and economic...
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""Are we right," Benjamin M. Friedman asks, "to care so much about economic growth as we clearly do?" To answer, Friedman reaches beyond economics. He examines the political and social histories of the large Western democracies - particularly of the United States since the Civil War - distinguishing times of generally rising living standards from those of pervasive stagnation to illustrate how rising incomes render a society more open and democratic....
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In the 1950s, manufacturing generated nearly 30 percent of U.S. income. Over the past fifty-five years, that share has gradually declined to less than 12 percent. At the same time, real estate, finance, and Wall Street trading have grown. While manufacturing's share of the U.S. economy shrinks, it expands in countries such as China and Germany that have a strong industrial policy. Meanwhile Americans are only vaguely aware of the many consequences...
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From the Publisher: In the past fifty years, more than $1 trillion in development-related aid has been transferred from rich countries to Africa. Has this assistance improved the lives of Africans? No. In fact, across the continent, the recipients of this aid are not better off as a result of it, but worse-much worse. In Dead Aid, Dambisa Moyo describes the state of postwar development policy in Africa today and unflinchingly confronts one of the...
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Globalization is a powerful force for poverty reduction as societies and economies around the world are becoming more integrated. Although this international integration presents tremendous opportunities for developing countries, it also has raised concerns about rising inequality, shifting power, and cultural uniformity. This report assesses the impact of globalization and addresses the ensuing anxieties. It proposes an agenda for action aimed at...
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"Free enterprise is off the leash and chasing new opportunities for profit making across the globe. After a turbulent century of unprecedented social and technological change, Capitalism has emerged as the dominant ideology and model for economic growth in the richest, most developed countries. But only thirty years ago economic growth was faltering, inflation rising and the Left were arguing for greater state intervention in industry. How did this...
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This book provides a careful historical analysis of the co-evolution of educational attainment and the wage structure in the United States through the twentieth century. The authors propose that the twentieth century was not only the American Century but also the Human Capital Century. That is, the American educational system is what made America the richest nation in the world. Its educational system had always been less elite than that of most European...
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Which global issues have the most impact on our lives at the beginning of the 21st century? What's the relationship between developments in politics, ecology, the economy, security, and systems of global government, and how do we as individuals address the problems that they raise in an increasingly globalized world? Global Trends and Global Governance offers answers to these questions. It is a concise and practical guide that explains the key political,...
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Charles Kindleberger's World Economic Primacy: 1500-1990 is a work of rare ambition and scope from one of our most respected economic historians. Extending over broad ranges of both history and geography, the work considers what it is that enables countries to achieve, at some period in their history, economic superiority over other countries, and what it is that makes them decline. Kindleberger begins with the Italian city-states in the fourteenth...
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In this study, the authors develop an indicator of the value of human capital stock held by the nation's working-age population. They then use that indicator to assess the utilization of the nation's human capital stock overall and by a number of demographic subgroups. This serves to complement the many existing indicators that measure the U.S. economy's capital utilization.
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In this powerful new book, Michael Fairbanks and Stace Lindsay argue that the tremendous advantages developing nations have in natural resources, inexpensive labor, and fertile soil have actually kept these nations poor. Their advantages - easily imitated in other areas around the world - have not been sufficient engines for growth. Billions of dollars have been spent to eradicate poverty; still these regions remain as dependent as ever on volatile...
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Explores economic theories to attempt to explain why some countries are richer than others. Argues that most differences are the result of country-specific policies which result in constraints on work practices and on the application of better production methods at the plant level. Such barriers imply differences in total factor productivity (TFP) at the aggregate level, suggesting that differences in international incomes are the result of differences...
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