The Global Economy In Transition

Author: J. ?rstr?m M?ller
Publisher: World Scientific
ISBN: 9814494879
Size: 19.59 MB
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This book is a collection of essays written by Ambassador, Professor Joergen Oerstroem Moeller from the middle of 2009 to end of 2012, commenting on global economic and political events, which reflect Moeller''s judgment and evaluation on these issues.Readers get an overview to the collection of essays and the worldview they represent in an introductory chapter weaving together strands of economics, politics, and societal issues. Moeller goes a step further by sketching up a picture of how a future economic model and political system may look OCo forged by debt, scarcities, economic integration, and the rise of Asia.Part I deals with global systems and possible long trends shaping the future over the coming decades, as the current political system and economic model, having run their course, come to an end.Part II discusses how the era of scarcities will change economic behaviour in terms of economic models.Part III looks into the global debt problem, which confines the world to low growth over one or two decades as the world tries to get rid of the debt burden.Part IV forms an analysis of what has happened in the Euro-zone and how the global debt crisis has compelled the Europeans to take the next steps in integration and address the shortcomings and flaws in the original treaty from 1992.Part V turns to Asia and its future in the global economy. It concentrates on Asian integration and how the Asian countries will fare in the future under much changed circumstances compared to how things looked when the Asian adventure started some 30OCo40 years ago.At the end, readers will find a short post-scriptum with some of Moeller''s afterthoughts on the important issues discussed throughout the book."

Singapore 2065

Author: Euston Quah
Publisher: World Scientific
ISBN: 9814663395
Size: 36.87 MB
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As Singapore enters its 50th year of independence, it is a time for introspection to look back at the successes and challenges of the past, but is also a crucial time to consider what the future holds for the nation. Singapore 2065: Leading Insights on Economy and Environment from 50 Singapore Icons and Beyond is one such key contribution to the endeavour of thinking about what lies ahead. While many forthcoming projects and books take a more retrospective approach reflecting upon Singapore's past, this book adopts a forward-looking perspective, contemplating Singapore's distant future, which is important for posterity. This book is a collection of key insights from 50 iconic individuals of Singapore and beyond, and contains reasoned arguments, speculations and visionary expectations of Singapore's future in 50 years' time. The book discusses the distant future of Singapore's economy and the environment. What will Singapore's economic and environment landscape be like 50 years from now? Are there trends or scenarios common to the various discussions contained in this book? If there are, how big would be the impact of some of these trends? What and how should the government respond to these projections, expectations and informed visions of tomorrow? In sum, what would Singapore's economy and environment be like in 2065? The book explores a range of possible answers to these questions and more. Not only will the generations of today be able to gain much insight into Singapore's future by reading this book, but future generations, specifically 100 years after Singapore's independence, will be able to understand and affirm what and how today's generations think about their time. The book is a key contribution to envisioning Singapore's future, which is also vital for understanding what shapes Singapore's landscape today. Contents: --> Readership: Educational institutions of higher levels; research institutions; various professional societies; the Singapore government and ministries; foreign governments; and general readers who are interested in finding out more about what leaders in Singapore envision for Singapore's future. Key Features:Contains contributed essays by very prominent Singapore icons, and edited by a leading and influential academic economistContains futuristic, leading insights and predictions, novel ideas, covering a wide range of topicsTimely publication to coincide with and celebrate Singapore's 50th anniversary of independenceKeywords:Singapore's Future;Economy;Environment;Transportation;Quality of Life;Energy;Demographics;Aging;Social Security;Income Inequality;Family;Technology;Public Finance;Finance;Taxes;Gender and Women;Trade;Geopolitical and Political Economy;Infrastructure;Resources;Connectivity;ASEAN;China;SEAReview: "A stunning collection of perspectives across the spectrum, Singapore 2065 presents a compelling look into the future through a series of thought provoking insights. This volume also celebrates the country's exceptional success, retelling the invaluable stories and anecdotes that have paved Singapore's tremendous journey over the last 50 years. As Singapore continues to chart into the next half century, Singapore 2065 leaves plenty to ponder and will remain a valuable repository of knowledge for many years to come." Bertil Andersson President Nanyang Technological University "Singapore 2065 has brought together a diverse and intriguing range of ideas and insights from a rich cross-section of contributors: policy makers, researchers, close observers of Singapore, student leaders, and others. These essays reflect on Singapore's remarkable progress and development over the past half-century, and explore the opportunities and challenges that lie ahead. Over the next 50 years, the world will continue to be an uncertain place, offering exciting opportunities, but subject to bouts of deep uncertainty and disruptive events and trends. Ultimately, Singapore's continued success over the next 50 years will depend less on our material resources, but on our people, and specifically our key attributes of nimbleness, adaptability, creativity, resilience and the willingness to strive for a common purpose." Tan Chorh Chuan President National University of Singapore "Singapore's success came in large part from its continuous efforts to anticipate what changes are likely, not often looking as far as ahead as 50 years ahead, but certainly not afraid to try. Here are 50 minds stretching forward into the 21st century — confirming that the city-state's spirit lives on. I am confident that our environment will have a better future thanks to the projections in this volume. Everyone who cares should read and think about them." Wang Gungwu Chairman East Asian Institute, National University of Singapore "There are few issues that are more important than the economy and the environment in the 21st century for any country. They are especially important to Singapore, given its size and open economy. As the nation celebrates its 50th birthday, justifiably proud of its achievement, it is also timely to contemplate what the future might hold and what we need to do to ensure continued success as a nation. In Singapore 2065, you will find food for thought. What is of particular interest is that the deeply thoughtful essays collected in this volume crisscross at different points, and also raise a number of fundamental issues concerning value and identity that are inextricably tied to Singapore's future development. This book certainly provides keen insight into the economic and environmental challenges we face, but it also compels us to reflect on the larger story of "Majulah Singapura" as we march into the future." Alan K L Chan Dean, College of Humanities, Arts & Social Sciences Nanyang Technological University

Desert Kingdoms To Global Powers

Author: Rory Miller
Publisher: Yale University Press
ISBN: 0300222165
Size: 78.66 MB
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A lively analysis of the Arab Gulf states’ stunning rise to global power over the last half-century and of the daunting challenges they confront today Once just sleepy desert sheikdoms, the Arab Gulf states of Saudi Arabia, Oman, the United Arab Emirates, Qatar, Bahrain, and Kuwait now exert unprecedented influence on international affairs—the result of their almost unimaginable riches in oil and gas. In this book, Rory Miller, an expert in Gulf politics and international affairs, provides an accessible account of the achievements of these countries since the 1973 global oil crisis. He also investigates how the shrewd Arab Gulf rulers who have overcome crisis after crisis meet the external and internal challenges of the onrushing future. The Arab Gulf region has become an East–West hub for travel, tourism, sport, culture, trade, and finance. But can the autocratic regimes maintain stability at home and influence abroad as they deal with the demands of social and democratic reform? Miller considers an array of factors—Islamism, terrorism, the Arab Spring, volatile oil prices, global power dynamics, and others—to assess the future possibilities.

Global Resource Scarcity

Author: Marcelle C. Dawson
Publisher: Routledge
ISBN: 1315281597
Size: 41.89 MB
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A common perception of global resource scarcity holds that it is inevitably a catalyst for conflict among nations; yet, paradoxically, incidents of such scarcity underlie some of the most important examples of international cooperation. This volume examines the wider potential for the experience of scarcity to promote cooperation in international relations and diplomacy beyond the traditional bounds of the interests of competitive nation states. The interdisciplinary background of the book’s contributors shifts the focus of the analysis beyond narrow theoretical treatments of international relations and resource diplomacy to broader examinations of the practicalities of cooperation in the context of competition and scarcity. Combining the insights of a range of social scientists with those of experts in the natural and bio-sciences—many of whom work as ‘resource practitioners’ outside the context of universities—the book works through the tensions between ‘thinking/theory’ and ‘doing/practice’, which so often plague the process of social change. These encounters with scarcity draw attention away from the myopic focus on market forces and allocation, and encourage us to recognise more fully the social nature of the tensions and opportunities that are associated with our shared dependence on resources that are not readily accessible to all. The book brings together experts on theorising scarcity and those on the scarcity of specific resources. It begins with a theoretical reframing of both the contested concept of scarcity and the underlying dynamics of resource diplomacy. The authors then outline the current tensions around resource scarcity or degradation and examine existing progress towards cooperative international management of resources. These include food and water scarcity, mineral exploration and exploitation of the oceans. Overall, the contributors propose a more hopeful and positive engagement among the world’s nations as they pursue the economic and social benefits derived from natural resources, while maintaining the ecological processes on which they depend.

Resource Revolution

Author: Stefan Heck
Publisher: Houghton Mifflin Harcourt
ISBN: 0544114566
Size: 63.64 MB
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Offers practical advice on how managers can sieze the opportunities presented by the coming growth in demand for commodities in emerging markets.

The Intelligent Person S Guide To Liberalization

Author: Amit Bhaduri
Publisher: Penguin UK
ISBN: 9352140915
Size: 40.80 MB
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A lucid analysis of the 'revolutionary' changes in the Indian economy Faced with a major economic crisis in 1990-91, the government responded by initiating far-reaching policy reforms aimed at opening up the country's economy. Since then there has been little discussion on key issues and much political posturing. In this important book two of India's leading economists rescue the current economic debate from jargon and dogma and present it in language accessible to ordinary Indians who, finally, must bear the brunt of the reforms. Cutting through the euphoria and hype that prevent any serious appraisal of liberalization, they highlight the advantages of a free market as also the grave dangers of unquestioning reliance on market forces in a developing country which is home to the largest number of the world's poor. They argue for a flexible system that will adapt to changes in society and polity, a system where both the market and the State must play a role. Eschewing the extreme positions of both the left and the right, this book seeks to encourage a serious reappraisal of the country's bold experiment with privatization, for, as the authors put it, 'doubt is as important as knowledge in the design of economic policy'.

The Race For What S Left

Author: Michael Klare
Publisher: Metropolitan Books
ISBN: 1429973307
Size: 71.93 MB
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From Michael Klare, the renowned expert on natural resource issues, an invaluable account of a new and dangerous global competition The world is facing an unprecedented crisis of resource depletion—a crisis that goes beyond "peak oil" to encompass shortages of coal and uranium, copper and lithium, water and arable land. With all of the planet's easily accessible resource deposits rapidly approaching exhaustion, the desperate hunt for supplies has become a frenzy of extreme exploration, as governments and corporations rush to stake their claim in areas previously considered too dangerous and remote. The Race for What's Left takes us from the Arctic to war zones to deep ocean floors, from a Russian submarine planting the country's flag on the North Pole seabed to the large-scale buying up of African farmland by Saudi Arabia, China, and other food-importing nations. As Klare explains, this invasion of the final frontiers carries grave consequences. With resource extraction growing more complex, the environmental risks are becoming increasingly severe; the Deepwater Horizon disaster is only a preview of the dangers to come. At the same time, the intense search for dwindling supplies is igniting new border disputes, raising the likelihood of military confrontation. Inevitably, if the scouring of the globe continues on its present path, many key resources that modern industry relies upon will disappear completely. The only way out, Klare argues, is to alter our consumption patterns altogether—a crucial task that will be the greatest challenge of the coming century.

Microeconometrics Of International Trade

Author: Joachim Wagner
Publisher: World Scientific
ISBN: 981310970X
Size: 62.55 MB
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This volume brings together two comprehensive survey studies of the literature on the microeconometrics of international trade. The chapters apply new empirical methods to the analysis of the links between international trade and various dimensions of firm performance such as productivity, profitability, wages, and survival. The studies also include report results for Germany, one of the leading actors on the world markets for goods and services. Contents:Survey Papers:Exports and Productivity: A Survey of the Evidence from Firm Level Data (Joachim Wagner)International Trade and Firm Performance: A Survey of Empirical Studies Since 2006 (Joachim Wagner)Characteristics of Exporting and Importing Firms in Germany:Exports and Firm Characteristics in German Manufacturing Industries: New Evidence from Representative Panel Data (Joachim Wagner)Higher Productivity in Importing German Manufacturing Firms: Self-Selection, Learning from Importing or Both? (Alexander Vogel and Joachim Wagner)Exports and Wages:Do Exporters Really Pay Higher Wages? First Evidence from German Linked Employer–Employee Data (Thorsten Schank, Claus Schnabel and Joachim Wagner)Higher Wages in Exporting Firms: Self-Selection, Export Effect, or Both? First Evidence from Linked Employer–Employee Data (Thorsten Schank, Claus Schnabel and Joachim Wagner)International Trade and Profits:Exports and Profitability — First Evidence for German Manufacturing Firms (Helmut Fryges and Joachim Wagner)Exports and Pro?tability — First Evidence for German Business Services Enterprises (Alexander Vogel and Joachim Wagner)Exports, Imports and Profitability: First Evidence for Manufacturing Enterprises (Joachim Wagner)International Trade and Firm Survival:Exports, Imports and Firm Survival: First Evidence for Manufacturing Enterprises in Germany (Joachim Wagner)Risk or Resilience? The Role of Trade Integration and Foreign Ownership for the Survival of German Enterprises During the Crisis 2008–2010 (Joachim Wagner and John P Weche Gelübcke)Credit Constraints and International Trade:Credit Constraints and Exports: A Survey of Empirical Studies Using Firm-Level Data (Joachim Wagner)Credit Constraints and Margins of Import: First Evidence for German Manufacturing Enterprises (Joachim Wagner)Extensive Margins of Exports and Imports:Trading Many Goods with Many Countries: Exporters and Importers from German Manufacturing Industries (Joachim Wagner)Methods of Empirical Analysis of Heterogeneous Exporters and Importers:From Estimation Results to Stylized Facts: Twelve Recommendations for Empirical Research in International Activities of Heterogeneous Firms (Joachim Wagner) Readership: Graduate students and researchers in the fields of econometrics and international economics.

The Economics Of Abundance

Author: Wolfgang Hoeschele
Publisher: CRC Press
ISBN: 1317034651
Size: 25.68 MB
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No matter how many resources we consume we never seem to have enough. The Economics of Abundance is a balanced book in which Wolfgang Hoeschele challenges why this is so. He claims that our current capitalist economy can exist only on the basis of manufactured scarcity created by 'scarcity-generating institutions', and these institutions manipulate both demand and supply of commodities. Therefore demand consistently exceeds supply, and profits and economic growth can continue - at the cost of individual freedom, social equity, and ecological sustainability. The fact that continual increases in demand are so vital to our economy leads to an impasse: many people see no alternative to the generation of ever more demand, but at the same time recognize that it is clearly unsustainable ecologically and socially. So, can demand only be reduced by curtailing freedom and is this acceptable? This book argues that, by analyzing how scarcity-generating institutions work and then reforming or dismantling them, we can enhance individual freedom and support entrepreneurial initiative, and at the same time make progress toward social justice and environmental sustainability by reducing demands on vital resources. This vision would enable activists in many fields (social justice, civil liberties, and environmental protection), as well as many entrepreneurs and other members of civil society to work together much more effectively, make it more difficult to portray all these groups as contradictory special interests, and thereby help generate momentum for positive change. Meanwhile, for academics in many fields of study, the concept of the creation of scarcity or abundance may be a highly useful analytical tool.

Winner Take All

Author: Dambisa Moyo
Publisher: Basic Books
ISBN: 0465029329
Size: 61.94 MB
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Commodities permeate virtually every aspect of modern daily living, but for all their importance—their breadth, their depth, their intricacies, and their central role in daily life—few people who are not economists or traders know how commodity markets work. Almost every day, newspaper headlines and media commentators scream warnings of impending doom--shortages of arable land, clashes over water, and political conflict as global demand for fossil fuels outstrips supply. The picture is bleak, but our grasp of the details and the macro shifts in commodities markets remain blurry. Winner Take All is about the commodity dynamics that the world will face over the next several decades. In particular, it is about the implications of China’s rush for resources across all regions of the world. The scale of China’s resource campaign for hard commodities (metals and minerals) and soft commodities (timber and food) is among the largest in history. To be sure, China is not the first country to launch a global crusade to secure resources. From Britain’s transcontinental operations dating back to the end of the 16th century, to the rise of modern European and American transnational corporations between the mid 1860’s and 1870’s, the industrial revolution that powered these economies created a voracious demand for raw materials and created the need to go far beyond their native countries. So too is China’s resource rush today. Although still in its early stages, already the breadth of China’s operation is awesome, and seemingly unstoppable. China’s global charge for commodities is a story of China’s quest to secure its claims on resource assets, and to guarantee the flow of inputs needed to continue to drive economic development. Moyo, an expert in global commodities markets, explains the implications of China’s resource grab in a world of diminishing resources.