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This book rethinks economic theory and calls for a creative and pragmatic approach to policymaking. It examines what development and sustenance of economic progress mean, and how these may be facilitated. The relevance of this issue has received fresh impetus from the significant changes in the degree and pattern of international economic relations that are unfolding across the world, posing both opportunities and challenges. While globalisation of goods and financial markets may have delivered high growth for some nations, the distribution of the benefits has often been highly unequal, with gains to owners of capital and skills being disproportionately higher compared to that of labour, esp...
Ever since Jim O'Neill at Goldman Sachs coined the term BRICS in 2001 there have been many different assessments of these major emerging economies, with some even proclaiming that the promise of the BRICS (comprising Brazil, Russia, India, China, and South Africa) is over. However, the so called 'arranged marriage' still seems to be working well, with the club having become a formal international forum, with summit declarations, ministerial meetings, and numerous BRICS-wide fora. Is this euphoria misplaced? Is there a BRICS model of economic and human development? Are inequalities increasing and is this the denouncement of the economic successes? The Handbook of BRICS and Emerging Economies ...
This book is about the evolution of developing countries in the world economy situated in its wider historical context, spanning centuries, but with a focus on the period since the mid-twentieth century. It traces the rise and 'catch up' of the developing world and the shift in the balance of power in the world economy.
This book examines the critical themes of employment, growth and development to focus on challenges and opportunities, both old and new, in the contemporary world economy. The essential theme that runs through the book is that there is a strong relationship not only between employment and growth, but also between employment and development, where the causation runs in both directions. The author shows how employment transforms economic growth into meaningful development by providing livelihoods and incomes to people. While the book is primarily concerned with developing countries, it considers industrialized countries as points of reference or comparison, since the latter are a large part of...
Gunnar Myrdal published his magnum opus Asian Drama, in 1968, to conclude that Asia's development prospects were gloomy. Since then, contrary to Myrdal's expectations Asia has been transformed beyond recognition, the development of nations and living standards of people revolutionized. These transformations have been uneven across countries and unequal among people. Yet, Asia's economic progress in this short timespan has been remarkable and almost unprecedented in history. Resurgent Asia provides an analytical narrative of Asia's incredible economic development, situated in the wider context of historical, political, and social factors. It also provides an economic analysis of underlying factors that assisted Asia's growth and the critical issues in the process of development. Resurgent Asia studies not only the sub-regions East, Southeast, South, and West Asia, but also the major countries - China, India, South Korea, Indonesia, Turkey, Thailand, Philippines, Malaysia, Singapore, Pakistan, Bangladesh, Vietnam, and Sri Lanka- which account for more than four-fifths of Asia's population and income.
The issues arising from rapid global integration have generally been treated in isolation by most academic works. This volume examines the many pitfalls of globalization from the perspective of impoverished and indigenous peoples, including the widening wealth gap, the struggle for restoration of dispossessed lands and cultural rights, global warming and ecological annihilation, and the experiences of women in underdeveloped regions. The United States' growing prison industrial complex is discussed. The author concludes with a call for reassessing current ways of living and proposes recreating cultures of conservation and sustainable economies. Instructors considering this book for use in a course may request an examination copy here.
An engaging historical and cultural account of Asia's economic rise - looking at nine of the key players and major figures in all the key Asian countries, including China, India, Korea, Malaysia, Singapore, Taiwan, and Japan.
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