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Finance Capitalism and Income Inequality in the Contemporary Global Economy - Original PDF
Finance Capitalism and Income Inequality in the Contemporary Global Economy - Original PDF
نویسندگان: Kuat B. Akizhanov خلاصه: Rising inequality in income distribution is one of the most persistent global challenges, widespread not only in low- and middle-income coun- tries but also in industrialised ones. There is an increasingly alarming sta- tistics on wealth and income disparity as, for instance, four consecutive Oxfam reports have witnessed. Thus, in 2015 the wealthiest 62 individuals owned as much wealth as 3.6 billion people compared with 388 individu- als in 2010. Their wealth had increased from 2010 by 44% or $542 billion, while the wealth of the bottom 50% of the world’s population dropped by 41%, or over one trillion dollars (Oxfam, 2016). By 2016, just eight mostly white men possessed the same amount of wealth as the poorest half of the global population and the richest 1% controlled more wealth than the rest of the globe. Between 1988 and 2011 the incomes of the poorest decile rose by less than $3 a year compared with a 182-fold increase of the richest 1% (Oxfam, 2017). In 12 months of 2017 the incomes of the world’s elite increased by $762 billion which was enough to eradicate extreme poverty seven times over. Between 2006 and 2015 worker income rose by an aver- age of just 2% a year compared with a 13% increase for billionaires per year. In 2017, top 1% earners received 82% of all growth in global wealth, whereas the poorest half of the world population did not benefit at al
Trevor Winchester Swan, Volume II - Original PDF
Trevor Winchester Swan, Volume II - Original PDF
نویسندگان: Peter L. Swan خلاصه: We now come to the first set of papers which made Trevor Swan famous. When Trevor Swan moved to the chair at the ANU he continued to dwell over the problems of internal and external balance which had been concerning him as an advisor to Prime Minister Menzies and even earlier when he was developing his econometric model of the Australian economy. In particular he was concerned that the very rapid immigra- tion programme, and the investment required to equip the newly arriving migrants would lead to excess demand in the economy and so create difficulties for policymakers in their attempts to achieve full employment, low inflation and a satisfactory outcome on the balance of payments (see Swan, 1949, 1950a, 1950c, 1950d). As early as November 1952, Swan wrote a paper, Simple Algebra (1952) which is included in this volume, for a meeting of economists at the Commonwealth (Central) Bank in Sydney addressing the issue of simultaneously achieving three objectives:
Innovation and Regional Technological Convergence Theory and Evidence - Original PDF
Innovation and Regional Technological Convergence Theory and Evidence - Original PDF
نویسندگان: Tomasz Kijek • Arkadiusz Kijek • Anna Matras-Bolibok خلاصه: The concept of income convergence has drawn the attention of many economists involved in the growth debate (Alataş, 2021). Recent theories of growth and empirical studies suggest that heterogeneity with respect to technological conditions in general and total factor productivity—TFP in particular are identified as the most decisive factors for the rate of income convergence of countries (Islam, 2003). Apparently, depending on whether initial TFP differences decrease or increase over time, income convergence or divergence may be a matter of fact. This has directed researchers’ attention to the concept of technological (TFP) convergence. Although many empirical studies try to find the answer to the question of technological convergence at the country level (Dowrick & Nguyen, 1989; Wolf, 1991; Dougherty & Jorgenson, 1997; Tebaldi, 2016; Rath & Akram, 2019), regional technological convergence is the research area of relatively modest exploration. However, this situation started to change, since the importance of technological convergence and its determinants have progressively gained attention in both the scientific and the policy domains at the regional level (Rodil-Marzábal & Vence- Deza, 2020). In the context of the Lisbon Agenda (European Council, 2000) and the Europe 2020 strategy (Commission of the European Communities, 2010) goals of making Europe and its regions the most competitive and dynamic knowledge-based economies in the world, it seems crucial to find whether innovation, regarded as the main driver of regional TFP growth (Dettori et al., 2012), can stimulate technolog- ical convergence and under what conditions
Understanding Economic Transitions - Original PDF
Understanding Economic Transitions - Original PDF
نویسندگان: Berhanu Abegaz خلاصه: Around 1990, about a quarter of the world’s population lived in middle-income socialist economies and another quarter in high-income and middle-income cap- italist economies. The remainder lived in low-income economies with varying admixtures of planning, markets, and informal exchange institutions. Forty years later, the remaining outposts of socialism are Cuba and North Korea, while a few others (mainly in the former states of the Soviet Union) wallow in the no man’s land of neither functional capitalism nor socialism. The USSR sustained seven decades of statist socialism between 1922 and 1992, Central Eastern Europe (CE) and Southeastern Europe (SEE) for nearly five decades, and China for a little over three decades. By 2000, nearly all have systemically “transitioned” from a centrally-planned economy to some form of a decentrally organized market economy. How and why large parts of Europe, Eurasia, and East Asia transitioned out of the capitalist system in 1917–1952, how they managed to industrialize in non-market settings, and how and why they came back to the capitalist fold are questions comparative economic systems seek to address. Furthermore, this wrenching structural change entailed a concomitant political transition from a monoparty system to an illiberal multiparty system in formerly socialist Europe and the former Soviet Union (FSU). Comparative Economic Systems (CES) focuses on the workings of institu- tional economic mechanisms across economic systems and income levels. CES, at the macro-, meso-, and micro-levels, dwells on the two foundations of an economic system: ownership types for productive assets (state vs. private) and the degree of centralization of decision-making over resource allocation and income distribu- tion (plan vs. market). The conceptual entry points are incentives (known rewards or residual legatee rights) and the sources of discipline (bureaucratic-based or market-based competition). More broadly, Comparative Economics (CE), which is broader than CES, melds the study of economic systems with historical insti- tutionalism and development economics to explore the determinants of prosperity and inequality properties over time and across economic space within a given economic system
Food Security in the Economy of the Futur - Original PDF
Food Security in the Economy of the Futur - Original PDF
نویسندگان: Elena G. Popkova · Bruno S. Sergi خلاصه: Computerized agricultural machinery has simplified and improved the comfort of agricultural labor, providing a significant increase in produc- tivity and production capacity. Internet-based e-commerce has optimized value chains in the agro-industrial sector. State Internet monitoring of the activities of agricultural enterprises has increased the accountability of their activities and the effectiveness of the agricultural policy. As digital agriculture took shape in the late twentieth and early twenty- first centuries, it successfully addressed key food security issues of the time. Countries have had the opportunity to implement ambitious food security doctrines and cover the entire population with nutrition security moni- toring programs. The then-existing demand for food was temporarily covered. However, the situation has changed dramatically as new global challenges to food security have emerged
Capitalism at a Crossroads A New Reset? - Original PDF
Capitalism at a Crossroads A New Reset? - Original PDF
نویسندگان: Ali Ari خلاصه: Introduction Ali Ari Abstract Over the last three decades, the world economy has faced several complex and interrelated problems such as global climate change, food and energy scarcity, rising inequality, poverty, and more frequent and severe financial and economic crises. However, the capitalist system has been struggling to bring responses to those increasing problems and uncertainty. This has generated lively debates on the sustainability of the liberal capitalist economic system. Therefore, this book aims first to assess current problems of the world economy from a theoretical and empirical perspective, then to propose plausible answers from different points of view to restore the capitalist economic system. Keywords Capitalism · Sustainability · Growth · Climate change · Global warming · Agriculture · Energy · Inequality · Debt · Financial crises · Financialization · Poverty · Trade wars · COVID-19 · Political crises · Economic security · Artificial intelligence · Technological change · Great reset · Degrowth · Green deals · Solidarity economy · Balance of power · Smart cities
The Pearl of the East The Economic Impact of the Colonial Railways in the Age of High Imperialism in Southeast Asia - Original PDF
The Pearl of the East The Economic Impact of the Colonial Railways in the Age of High Imperialism in Southeast Asia - Original PDF
نویسندگان: Dídac Cubeiro Rodríguez خلاصه: During the last decades of the nineteenth century until the 1930s, economic growth in Southeast Asia (we understand Southeast Asia at the end of the nineteenth century: Burma, British colony, Thailand or inde- pendent Siam, Malaysia British colony, Indonesia or Dutch East Indies, Dutch colonies, Indochina, French colonies and the Philippines, Spanish colonies until the end of the century, and from 1898 onwards, American colonies until independence) was a common fact among the economies of the region, despite finding differences in the growth patterns of different countries. Particularly relevant are the studies of Maddison, who analyze Indochina and the Dutch East Indies (Maddison 1990, p. 364). In the case of the Philippines, the most relevant growth model studies are provided by Hooley, with an attempt to explain the growth of the Philip- pines (Hooley 2005, pp. 464–488) and Booth, who emphasizes the analysis of the impact of the provision of new land for the plantation economy in the Philippine archipelago (Booth 2007, pp. 241–266). It should also be noted that these models often work with partially estimated data for dates for which there are no historical references, particularly when data from more remote areas must be covered. In the case of the Philippines, we have worked with data from engineering and execution projects for the Spanish period, and census data for the North American period
Degrowth Decolonization and Development When Culture Meets the Environment - Original PDF
Degrowth Decolonization and Development When Culture Meets the Environment - Original PDF
نویسندگان: Milica Koˇcovi ́c De Santo · Stéphanie Eileen Domptail خلاصه: Degrowth Decolonization and Development offers a collection of seven original case study analyses, followed by a synopsis of concepts contributing to decol- onize development by shaking the hegemony of the Western paradigm. The partici- pating researchers met when presenting their work in Decolonization and Degrowth panels within two International Degrowth Conferences held in July (organized by Manchester University together with the Ecological Economics conference) and in August 2021 in The Hague, Netherlands. Ranging from cultural studies, critical development studies, cultural policy, cultural political economy, political economy, heterodox economic approaches, eco-feminist political ecology, to anthropology and sociology, the collection of chapters provides a broad interdisciplinary oversight of the contemporary (developmental, environmental, economic, social, cultural) chal- lenges. Precisely this interdisciplinary approach facilitates the understanding of the critical contemporary context with its complex intermingling of (positionality) crises. Our multiple analyses of Western thought, capitalist and patriarchal systems rooted in case studies depict rebellions to this hegemonic system and challenge it from complementary angles, which is the reason why we found the degrowth as most suitable framework to understand the current contemporary context and seek for post-growth alternatives. The first chapter introduces the most important concepts such as: permanent crisis, modernity and colonnialism, with associated dichotomies encaptured in the Western paradigm. We embrace the position that colonialism is not derivative but constitutive of modernity as “there is no modernity without colonial- ism” (Mignolo and Walsh 2018: 4; 107) and modern capitalism, where the cultural potential for radically necessary changes is essential—as a driver of the degrowth forces that reflects the eternal relations between man and natur
Marx, Uno and the Critique of Economics - Original PDF
Marx, Uno and the Critique of Economics - Original PDF
نویسندگان: Thomas T. Sekine خلاصه: Several years ago a young American gentleman came to spend a summer in Tokyo, and during his stay there contacted me hoping to arrange an interview with me; to be centred on my Unoist approach to Marxian economics. While willing to cooperate with him in that project, I was not confident from the beginning that I would be able to produce a satisfac- tory result for him. For I am not the type of person who has ready-made answers to questions that are typically thrown at him/her on the spur of the moment. Nevertheless, we thoroughly enjoyed meeting with each other and got along very well in our personal exchange of views on the subject matter. When he was about to leave Tokyo, I asked him to write down on paper a series of questions that he would have liked to ask me, which would give me the chance to elaborate upon. I thus obtained a series of wonderfully worded and exquisitely phrased questions that would have given me only delight and pleasure to answer. I have revisited these questions over the years and have had time to consider them against the progress my life-long research on Uno’s approach to economics has made since then. I now have a fully extended, more mature version of what makes economics an “objective” knowledge. In both parts, but especially in the first, I made use of the delightful phrasing that my American friend originally employed in posing his apt questions to me. I am grateful for his allowing me to reproduce once again some of his superb style of language in this book
Quantitative Models in Life Science Business - Original PDF
Quantitative Models in Life Science Business - Original PDF
نویسندگان: Jung Kyu Canci · Philipp Mekler · Gang Mu خلاصه: The pharmaceutical industry is a key, yet complex sector within the global econ- omy. Organizationally, its complexity is outlined by an involved business model, an intricate organizational structure, and a challenging environment. Economically, the pharmaceutical industry has been characterized by high profit margins; this mainly as a result of substantial research and development (R&D) investment and its legal protection by patents. Over time the original situation has evolved further, gener- ating two major types of pharmaceutical firms: originators and generic producers. High R&D investment is a characteristic of the originator pharmaceutical companies which produce patent-protected drugs, as well as biotech specialists which produce biologics. The generic producers, on the other hand, do not incur the initial R&D expenses (or less so) and in general produce drugs lacking patent protection. On top of this now traditional set, new segments have arisen in the pharmaceutical indus- try, comprising services in or around the traditional drug industry, e.g. diagnostic or data-oriented endeavours.

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