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One of the central tenets of mainstream economics is Adam Smith's proposition that, given certain conditions, self-interested behavior by individuals leads them to the social good, almost as if orchestrated by an invisible hand. This deep insight has, over the past two centuries, been taken out of context, contorted, and used as the cornerstone of free-market orthodoxy. In Beyond the Invisible Hand, Kaushik Basu argues that mainstream economics and...
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What are the driving forces - both endogenous and exogenous - for, and how have they influenced China's economic transformations during the past decades? This revised and updated second edition sets out to analyze and compare the operational mechanisms of the Chinese economy between the pre-- and post-reform periods and through both national and provincial dimensions. A multiregional comparison of the Chinese economy is conducted in terms of natural...
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"In her groundbreaking reporting, Naomi Klein introduced the term "disaster capitalism." Whether covering Baghdad after the U.S. occupation, Sri Lanka in the wake of the tsunami, or New Orleans post-Katrina, she witnessed something remarkably similar. People still reeling from catastrophe were being hit again, this time with economic "shock treatment," losing their land and homes to rapid-fire corporate makeovers. The Shock Doctrine retells the story...
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"Kremlin Capitalism describes Russia's massive economic transformation. It provides a wealth of data and analyses not previously available. The authors articulate the political and economic goals of Russian privatization, examine the current ownership of the largest enterprises in Russia, and chart the challenges of corporate governance and restructuring in Russia's new private corporations." "Kremlin Capitalism is based on the only continuous study...
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"After nearly five decades of insulation from world markets, state controls, and slow growth, India embarked in 1991 on a process of liberalization of controls and progressive integration with the global economy in an effort to put its economy on a path of rapid and sustained growth. Despite major changes in the government since then, the thrust on reforms has been maintained. According to the World Bank, only 10 out of 145 countries had more rapid...
Description
This book presents the papers submitted to the workshop "Poverty in Latin America: Issues and New Responses," organized by the Kellogg Institute. The contributors argue that old models of social protection are in crisis and that without completely rejecting the past experiences, new paradigms might better address the problems of pervasive poverty and inequity that persist in and are often exacerbated by the new global economic environment.
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One of the core assumptions of recent American foreign policy is that China's post-1978 policy of "reform and openness" will lead to political liberalization. This book challenges that assumption and the general relationship between economic liberalization and democratization. Moreover, it analyzes the effect of foreign direct investment (FDI) liberalization on Chinese labor politics. Market reforms and increased integration with the global economy...
Description
Conference papers on economic conditions, political aspects and social structure in Central America and the Caribbean with a view to a regional level development policy - discusses political problems, the role of USA and role of EC countries, and possibilities for political development, considers economic recession, economic reform, income distribution, the role of banks (multinational enterprises), agrarian reform, food security, trade, the role...
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