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By Kazuo Nishimura, Masatoshi Murase, Kazuyoshi Yoshimura. 2021
In recent years, problems such as environmental and economic crises and pandemics caused by new viruses have been occurring on…a global scale. Globalization brings about benefits, but it can increase the potential risks of “systemic problems”, leading to system-wide disruptions. The coronavirus pandemic, declared on March 11, 2020, by the World Health Organization, has revealed social disparities in the form of a higher risk of death for people of low-socioeconomic status and has caused massive destruction of the economy and of globalization itself. Extensive efforts to cope with these challenges have often led to the emergence of additional problems due to the chain of hidden causation. What can be done to protect against such emerging challenges? Despite the resulting complexity, once these individual problems are considered as different aspects of a single whole, seemingly contradictory issues can become totally understandable, as they can be integrated into a single coherent framework. This is the integrationist approach in contrast to the reductionist approach. Situations of this kind are truly relevant to understanding the question, “What are creative complex systems?” This book features contributions by members and colleagues of the Kyoto University International Research Unit of Integrated Complex System Science. It broadens our outlook from the traditional view of stability, in which global situations are eventually stabilized after the impact of destruction, to “creative” complex systems.
Handloom Sustainability and Culture: Product Development, Design and Environmental Aspects (Sustainable Textiles: Production, Processing, Manufacturing & Chemistry)
By Subramanian Senthilkannan Muthu, Miguel Ángel Gardetti. 2021
This third of the three volume series highlights the intricate relationship in the handloom industry between its culture and the…various areas of sustainability. While there have been major disruptions in this age old industry, this volume presents the design, development and environmental aspects to keep the industry moving ahead. The book contains seven chapters written by leading experts in the areas and discusses means to revive some of the cultures that are on the verge of closing/shutting down.
By Lin Wang, Yan Li. 2021
This book explores for the first time the world of micro-finance, Chinese startups, and the digitalization of the Chinese economy.…Through the cases such as the Ant Financial Services Group, CFPA Microfinance, micro-financial projects of China Minsheng Bank, Meixing in Nanchong, and more, this book introduces the practical exploration in the recent years from the perspectives of microfinance, financing of small and medium sized enterprises, digital inclusive finance, and credit. From the perspective of management, it especially integrates an enterprise’s task, vision, and value into the design of organization process, deeply explores how to realized the double bottom lines of social and financial performances, manifests how microfinance’s marginal cost is reduced by digital finance such as data, internet, cloud computing, artificial intelligence and the advantages of digital finance in providing convenient, low-cost, and touchable service, and discusses its huge technological bonus to small-amount, decentralized, and large-quantity microfinance. This book will be of value to journalists, economists and researchers.
By Rajesh Raj S. N. and Komol Singha. 2022
This handbook presents a comprehensive study of the post-reform Indian economy, three decades after the economic liberalization started in the…early 1990s. It studies the broad range of changes that were introduced in the reforms era, assessing their impact on sectors like manufacturing, agriculture, banking and finance, among others. It also assesses the performance of these sectors amid globalization and the socio-economic shifts in the country. The volume evaluates the contribution of the reforms to social transformation, social inclusion, sustainability and human development, and deliberates on the gains, blind spots and limitations. With contributions from scholars across the country, case studies and comparative analyses that draw on data analysis, econometric evidence and historical sensibility, this is an authoritative volume on the reforms of the 1990s and their impact on the Indian economy and people. Topical and the first of its kind, the book will be a useful resource for scholars and researchers of economics, development studies, political economy, management studies, public policy and political studies.
By Youguo Zhang. 2021
This book studies the pathways and policies of regional coordinated low carbon development from the perspective of regional spillover-feedback effects.…How do regional economies interact with carbon emission? This phenomena, also known as spillover-feedback effects, is explained in depth with reference to datasets and real examples. As China adopts zero-carbon emissions policies within the context of regional disparities, this theoretical construct is gaining utility, and in this book, climate science researchers and political scientists will find it explicated as never before.
By Atin Basuchoudhary, James T. Bang, Tinni Sen, John David. 2021
This book uses machine-learning to identify the causes of conflict from among the top predictors of conflict. This methodology elevates…some complex causal pathways that cause civil conflict over others, thus teasing out the complex interrelationships between the most important variables that cause civil conflict. Success in this realm will lead to scientific theories of conflict that will be useful in preventing and ending civil conflict. After setting out a current review of the literature and a case for using machine learning to analyze and predict civil conflict, the authors lay out the data set, important variables, and investigative strategy of their methodology. The authors then investigate institutional causes, economic causes, and sociological causes for civil conflict, and how that feeds into their model. The methodology provides an identifiable pathway for specifying causal models. This book will be of interest to scholars in the areas of economics, political science, sociology, and artificial intelligence who want to learn more about leveraging machine learning technologies to solve problems and who are invested in preventing civil conflict.
This book is a comprehensive, scholarly account of Hong Kong Public Budgeting, spanning from the pre-1997 British rule to the…post-1997 Chinese rule. Transcending the existing comparative budgeting studies which are either central-government focused or symmetric local-government focused, this book presents Hong Kong Public Budgeting as a distinctive case of territorial autonomy. It offers historical and comparative analyses of Hong Kong Public Budgeting, tracing the evolution of budgetary institutions and budgetary decision-making and examining the critical issues of budget openness, budget oversight, and budget allocation. This book will be of key interest to scholars and students of comparative budgeting studies. It will also be an excellent text for public budgeting instructors and students in East Asia and Hong Kong.
By Martin Kolmar. 2022
This textbook provides a comprehensive and unique introduction to modern microeconomics. It adopts an integrative approach, positioning the main findings…of economics in a broader context. It critically reflects on theories from a philosophical standpoint and compares them to approaches found in the social sciences, while at the same time highlighting the implications for the design of legal systems and business practices.Intended for undergraduate students, the book presents brief examples and comprehensive case studies to help them grasp the real-world implications of the theories. As such, it is suitable for an applied, yet technically precise approach to teaching microeconomics, as well as for a critical review of the economic mainstream. Starting from the question as to why and how societies organize economic activity, it analyzes the potential and limitations of various types of market with regard to alleviating scarcity and achieving distributive objectives, from an institutional perspective.This second edition systematically expands on decision theory by including chapters on traditional decision theory under risk and uncertainty, and on behavioral economics, as well as a chapter presenting findings from the neurosciences, evolutionary psychology, and narrative psychology. Furthermore, there are theoretical additions, along with updated case studies and examples – from trade wars to pandemics and the climate crisis.A new edition of the companion workbook features a wealth of exercises, ranging from basic multiple-choice questions to challenging mathematical problems and case studies, is also available.
By Philip B. Whyman, Alina I. Petrescu. 2020
The Economics of Brexit – Revisited builds upon and extends the analysis contained within the authors' previous book, The Economics…of Brexit: A Cost-Benefit Analysis of the UK's Economic Relationship with the EU, which arguably represented the most comprehensive and systematic evaluation of the UK’s economic relationship with the EU. The Economics of Brexit – Revisited continues where the previous volume left off, given that the UK has now formally withdrawn from the EU, and therefore the focus of the evidence presented concerns the potential economic implications arising from Brexit and considering the options available to those negotiating the UK's future economic relationship both regionally and globally. The Economics of Brexit – Revisited seeks to provide greater clarity to a range of issues that have been hotly debated over the past few years, ranging from the trade and fiscal implications of Brexit, to the economic impact of regulation and migration. The significance of different Brexit options are discussed in detail, including the significance of demands for regulatory harmonisation (the 'level playing field'), along with their implications for UK trade with the EU and the rest of the world. A wide range of economic analyses are evaluated to determine their relative methodological strengths and weaknesses, and ultimately whether their conclusions are sufficiently robust to engender confidence. Finally, noting that a key determinant of the effectiveness of any post-Brexit economic strategy depends upon the degree of flexibility created for economic policy, the book provides an extended examination of the potential relating to different economic policy options available to the UK government, depending upon the form of final trade settlement that is agreed with the EU. These policy options include more active forms of macroeconomic management, combined with industrial and procurement policy. The Economics of Brexit – Revisited therefore seeks to combine evaluation of the available evidence indicating the economic impact of Brexit, together with consideration of policy trade-offs that lie at the heart of the choices surrounding Brexit, and how these might be resolved.The Economics of Brexit – Revisited therefore maintains its position as the most comprehensive analysis of the economics of Brexit in the market today.
By Maria Lissowska. 2021
This book provides a comprehensive outlook on the state and role of consumer credits in the European economy and households.…It underlines the role of consumerism and digitalisation, in the framework of legislation. It covers two major turns in consumer credit evolution: the 2008 crisis and Covid pandemic. The first had socio-economic sources, the second one was an external event, but provoked important changes in consumer behaviour. Lockdowns deepened the preference for digital financial products. FinTech and BigData operators acquired broader opportunities with the development of distance services.These new financial services need adapted legislation. The recently published project of Consumer Credits Directive covers new means of communication, such as smartphones, and extends rules to new ways of crediting, like crowdfunding.Consumer credit availability changed the behaviour of households. The propensity of poorer households to save faded due to the ease of getting credit. However, financial insecurity during the Coronavirus pandemic made households limit credits and build precautionary savings.
By Günther Brauner. 2022
In this book, a more detailed analysis is performed on the basis of quarter-hourly time series of the supply of…wind energy and photovoltaics. The end use including electromobility is also presented with more detailed time series of the load profiles for summer and winter and thereby for weekdays and weekends in each case. The subsequent analysis clarifies whether the renewable potentials are sufficient, what the optimal generation scenarios and infrastructures of the future could look like, and what the situation is with regard to affordability and environmental compatibility.
Stakeholder-Kapitalismus: Wie muss sich die globale Welt verändern, damit sie allen dient? - Vorschläge des Weltwirtschaftsforums-Gründers
By Peter Vanham, Klaus Schwab. 2022
Unser globales Wirtschaftssystem ist kaputt. Es ist geprägt von globalen Umbrüchen, Unsicherheit und mangelnder Nachhaltigkeit. Aber wir können das derzeitige…ökonomische System durch ein anderes ersetzen - eine Wirtschaft, die für alle Menschen und den Planeten funktioniert. Was müssen wir dafür tun? Erstens müssen wir die steigende Einkommensungleichheit innerhalb von Gesellschaften beseitigen, in denen sich das Produktivitäts- und Lohnwachstum verlangsamt hat. Zweitens müssen wir die dämpfende Wirkung der monopolistischen Marktmacht großer Konzerne auf Innovationen und Produktivitätssteigerungen reduzieren. Und schließlich muss die kurzsichtige Ausbeutung natürlicher Ressourcen beendet werden, die die Umwelt zersetzt und das Leben vieler Menschen zum Schlechten beeinflusst. Die Debatte über die Ursachen der kaputten Wirtschaft ist vielfältig - von Laissez-faire-Regierungen, über schlecht gemanagte Globalisierung bis hin zum Aufstieg der Technologie zu Gunsten einiger weniger, um nur einige Punkte zu nennen. Das Buch argumentiert überzeugend, dass unser derzeitiges System uns weiterhin im Stich lassen wird, wenn wir nicht damit beginnen, die wahre Form unserer Probleme zu erkennen. Um uns zu helfen, unsere Herausforderungen klarer zu sehen, sucht Schwab - der Gründer und Executive Chairman des Weltwirtschaftsforums - nach den wahren Ursachen für die Unzulänglichkeiten unseres Systems und nach Lösungen in bewährten Praktiken aus der ganzen Welt an so unterschiedlichen Orten wie China, Dänemark, Äthiopien, Deutschland, Indonesien, Neuseeland und Singapur. Dabei findet Schwab Beispiele für neue Wege, die Anlass zur Hoffnung geben, darunter: - Individuelles Handeln: wie Länder und Politik einen Unterschied gegenüber großen externen Kräften machen können. - Ein klar definierter Gesellschaftsvertrag: Die Einigung auf gemeinsame Werte und Ziele ermöglicht es Regierungen, Wirtschaft und Individuen, die besten Ergebnisse zu erzielen. - Planung für künftige Generationen: Kurzsichtiges Denken schadet unserer gemeinsamen Zukunft und der derjenigen, die noch geboren werden. - Bessere Maßstäbe für wirtschaftlichen Erfolg: weg vom kurzsichtigen Fokus auf das Bruttoinlandsprodukt, hin zu umfassenderen, auf den Menschen bezogenen Maßstäben für gesellschaftliches Wohlergehen. Durch die genaue Beschreibung unserer realen Situation ist der hier vorgestellte Stakeholder-Kapitalismus in der Lage, erreichbare Wege zur Lösung unserer Probleme aufzuzeigen. Kapitel für Kapitel zeigt uns Professor Schwab, dass es für jeden auf allen Ebenen der Gesellschaft Möglichkeiten gibt, die zerbrochenen Teile der globalen Wirtschaft neu zu formen und - Land für Land, Unternehmen für Unternehmen und Bürger für Bürger - wieder so zusammenzusetzen, dass wir alle davon profitieren können.
By Stefano Fiori. 2021
What was Adam Smith’s intellectual laboratory? How did his economic theory take shape? Were his metaphors of order only residual…and ornamental expressions? This book answers these questions by analyzing the formation of the concepts of market and social order in Adam Smith’s work, by considering various aspects of his approach. It analyzes how metaphors and pre-analytical concepts influenced Smith’s theory. In line with studies that deal with the cognitive role of metaphors in science, this book suggests that in Smith’s work metaphors provided a framework, on which basis the theory subsequently developed. Therefore, as such they were part of that intellectual process which made possible the formation of structured concepts. The content and scope of the book permits a more comprehensive interpretation of Smith’s thought, in which many aspects of his work are taken into consideration in order to explain a crucial problem for Smith: the nature and causes of social and economic order. The book also shows that in general, formation of theories is a complex process that includes pre-analytical views as non-residual parts of inquiry.
China’s International Relations: Evolving Landscape and Strategic Adaptations (Research Series on the Chinese Dream and China’s Development Path)
By Yunling Zhang, Binhong Shao. 2021
This book provides scholars in the English-speaking world with a window to understand China’s perspectives on diplomatic theories and policies.…This book is a study of China’s diplomatic theories and Chinese foreign practice analysis. Along with the recent diplomatic strategy adjustments, diplomatic practices, and changes, it discusses China’s international relations with its neighbors, the USA, Japan, India, the Middle East, and SAARC, as well as the “One Road and One Belt” initiative.
China’s continuous, rapid economic growth since the Reform and Opening up of the country in the early 1980s has been…praised as a miracle of the world economy. However, since 2012, the rate of growth has slowed down, rendering some people pessimistic about the country’s economic prospects. This title is a collection of a leading Chinese economists’ views on China’s economic growth and structural reform. The author argues that China’s economy has entered “the new normal”, meaning that slowed growth rate is not a cyclical phenomenon but a change in the stage of economic development. Therefore, there is a need to enact supply-side structural reforms, such as improved efficiency of resource reallocation, while shifting the mode of development from one of inputs to innovation. In addition, the author discusses the five major concepts of development proposed for the “13th Five-Year Plan”, as well as some critical topics related to supply-side structural reform, such as agricultural development, labor employment, and product quality. Scholars and students of macroeconomics, development economics, and the Chinese economy will find this book to be essential reading.
A remarkable debut by one of America's premier young reporters on financial corruption, Casey Michel's American Kleptocracy offers an explosive…investigation into how the United States of America built the largest illicit offshore finance system the world has ever known."An indefatigable young American journalist who has virtually cornered the international kleptocracy beat on the US end of the black aquifer."—The Los Angeles Review of Books For years, one country has acted as the greatest offshore haven in the world, attracting hundreds of billions of dollars in illicit finance tied directly to corrupt regimes, extremist networks, and the worst the world has to offer. But it hasn’t been the sand-splattered Caribbean islands, or even traditional financial secrecy havens like Switzerland or Panama, that have come to dominate the offshoring world. Instead, the country profiting the most also happens to be the one that still claims to be the moral leader of the free world, and the one that claims to be leading the fight against the crooked and the corrupt: the USA.American Kleptocracy examines just how the United States’ implosion into a center of global offshoring took place: how states like Delaware and Nevada perfected the art of the anonymous shell company, and how post-9/11 reformers watched their success usher in a new flood of illicit finance directly into the U.S.; how African despots and post-Soviet oligarchs came to dominate American coastlines, American industries, and entire cities and small towns across the American Midwest; how Nazi-era lobbyists birthed an entire industry of spin-men whitewashing trans-national crooks and despots, and how dirty money has now begun infiltrating America's universities and think tanks and cultural centers; and how those on the front-line are trying to restore America's legacy of anti-corruption leadership—and finally end this reign of American kleptocracy.
An authoritative economic history of Israel from its founding to the presentIn 1922, there were ninety thousand Jews in Palestine,…a small country in a poor and volatile region. Today, Israel has a population of nine million and is one of the richest countries in the world. The Israeli Economy tells the story of this remarkable transformation, shedding critical new light on Israel's rapid economic growth.Joseph Zeira takes readers from those early days to today, describing how Israel's economic development occurred amid intense fighting with the Palestinians and neighboring Arab countries. He reveals how the new state's astonishing growth continued into the early 1970s, and traces this growth to public investment in education and to large foreign transfers. Zeira analyzes the costs of the Arab-Israeli conflict, demonstrating how economic output could be vastly greater with a comprehensive peace. He discusses how Israel went through intensive neoliberal economic policies in recent decades, and shows how these policies not only failed to enhance economic performance, but led to significant social inequality.Based on more than two decades of groundbreaking research, The Israeli Economy is an in-depth survey of a modern economy that has experienced rapid growth, wars, immigration waves, and other significant shocks. It thus offers important lessons for nations around the world.
Financial Mathematics, Volatility and Covariance Modelling: Volume 2 (Routledge Advances in Applied Financial Econometrics)
By Julien Chevallier, Stéphane Goutte, David Guerreiro, Sophie Saglio, Bilel Sanhaji. 2018
This book provides an up-to-date series of advanced chapters on applied financial econometric techniques pertaining the various fields of commodities…finance, mathematics & stochastics, international macroeconomics and financial econometrics. Financial Mathematics, Volatility and Covariance Modelling: Volume 2 provides a key repository on the current state of knowledge, the latest debates and recent literature on financial mathematics, volatility and covariance modelling. The first section is devoted to mathematical finance, stochastic modelling and control optimization. Chapters explore the recent financial crisis, the increase of uncertainty and volatility, and propose an alternative approach to deal with these issues. The second section covers financial volatility and covariance modelling and explores proposals for dealing with recent developments in financial econometrics This book will be useful to students and researchers in applied econometrics; academics and students seeking convenient access to an unfamiliar area. It will also be of great interest established researchers seeking a single repository on the current state of knowledge, current debates and relevant literature.
By Fariborz Tayyari. 2022
This book helps apply managerial accounting techniques to problems in areas including that of cost estimation, cost control, product pricing,…and business segment discontinuation. It is a valuable resource for short-term courses and seminars conducted to train professionals and practitioners in engineering and manufacturing cost analysis. Cost Analysis for Engineers and Scientists introduces the fundamentals accounting information systems and manufacturing costs. It also presents product costing and manufacturing cost allocation to individual as well as joint products. The concepts and applications of cost-volume-profit and breakeven analysis for single-product and multiple-products are also discussed. It is intended for engineers, managers, and scientists to apply cost analysis techniques for assessing engineering and financial projects. A solutions manual and PowerPoint slides are available for qualified textbook adoption.
By A. I. MacBean, P. N. Snowden. 1981
Originally published in 1981, this book provided an up-to-date and critical review of the recent history and current status of…the main economic institutions affecting international trade and relations at the time. The authors emphasise the economic effectiveness or otherwise of such bodies as GATT, IMF, EEC, UNCTAD and the World Bank, but take account of the political factors present in both the initial ‘design’ and in the way that the institutions have developed. In particular, the book analyses the changed degree of dominance which the USA had been able to exert on the international community.