pub : zed books - seagull seagull bookstore pvt. ltd. 31a, s p mukherjee road, kolkata 700 025 –...

Economics 243

TITLE : Global Migration and the World Economy : Two Centuries of Policy and Performance AUTHOR : Timothy J. Hatton and Jeffrey G. Williamson PUB : M I T PRESS January 2006 $50.00/£32.95 (CLOTH) ISBN-10: 0-262-08342-6

World mass migration began in the early nineteenth century, when advances in transportation technology and industrial revolutions at home enabled increasing numbers of people to set off for other parts of the globe in search of a better life. Two centuries later, there is no distant African, Asian, or Latin American village that is not within reach of some high-wage OECD labor market. This book is the first comprehensive economic assessment of world mass migration taking a long-run historical perspective, including north-north, south-south, and south-north migrations. Timothy Hatton and Jeffrey Williamson, both economists and economic historians, consider two centuries of global mobility, assessing its impact on the migrants themselves as well as on the sending and receiving countries. Global Migration and the World Economy covers two great migration waves: the first, from the 1820s to the beginning of World War I, when immigration was largely unrestricted; the second, beginning in 1950, when mass migration continued to grow despite policy restrictions. The book also explores the period between these two global centuries when world migration shrank sharply because of two world wars, immigration quotas, and the Great Depression. The authors assess the economic performance of these world migrations, the policy reactions to deal with them, and the political economy that connected one with the other. The last third of Global Migration and the World Economy focuses on modern experience and shows how contemporary debates about migration performance and policy can be informed by a comprehensive historical perspective.

TITLE : Globalization and the Theory of Input Trade AUTHOR : Ronald W. Jones PUB : M I T PRESS October 2000 $32.00/£20.95 (CLOTH) ISBN-10: 0-262-10086-X

As trade liberalization and the fragmentation of production processes promote greater international exchange of inputs, economists must adjust their thinking on trade issues. Transport costs have plummeted, and the difficulties of communicating between locales half a world apart have practically vanished. In this book Ronald Jones suggests how the basic core of real trade theory can be modified to take into account the increased international mobility of inputs and productive factors. He emphasizes the role of country "hinterlands" and how it is related to agglomeration effects in determining the location of economic activity. After discussing the positive aspects of enhanced mobility for output patterns and market prices, Jones evaluates the significance of globalization for governmental trade policies and public attitudes about regional alliances TITLE : Economics, Ethics, and Environmental Policy AUTHOR : Edited by: DANIEL W BROMLEY & JOUNI PAAVOLA PUB : BLACKWELL £23.99 ISBN10: 0631229698 Mar 2002 Economics, Ethics, and Environmental Policy: Contested Choices offers a comprehensive analysis of the ethical problems associated with basing environmental policy on economic analysis, and ways to overcome these problems

TITLE : Political Economy AUTHOR : DANIEL USHER PUB : BLACKWELL £26.99 Aug 2003 ISBN10: 0631233342

This thought-provoking introduction to economics exposes readers to the workings of the market in a democratic state. The text explains basic economic concepts from a political perspective: how the price mechanism substitutes for central authority in determining production and allocation of goods; the use of demand and supply curves to trace the impacts of

Seagull Bookstore Pvt. Ltd. 31A, S P Mukherjee Road, Kolkata 700 025 ☎ – (033) 2476 5865 or 69 email – [email protected]

Economics


244 tariffs, taxes, subsidies, quotas and patents; and the redistribution of income. Additionally the text explores political topics from an economic perspective, including the avoidance of anarchy and despotism; and the mutual dependence of markets, voting, public administration and law.

TITLE : Lectures on Economic Growth AUTHOR : Robert E. Lucas, Jr. PUB : HARVERD U PRESS $26.50 Paperback September 2004 ISBN 10: 0-674-01601-7

In this book the Nobel Prize-winning economist Robert Lucas collects his writings on economic growth, from his seminal On the Mechanics of Economic Development to his previously unpublished 1997 Kuznets Lectures. The chapters progress from a general theory of how growth could be sustained and why growth rates might differ in different countries, to a model of exceptional growth in certain countries in the twentieth century, to an account of the take-off of growth in the Industrial Revolution, and finally to a prediction about patterns of growth in this new century. The framework in all the chapters is a model with accumulation of both physical and human capital, with emphasis on the external benefits of human capital through diffusion of new knowledge or on-the-job learning, often stimulated by trade. The Kuznets Lectures consider the interaction of human capital growth and the demographic transition in the early stages of industrialization. In the final chapter, Lucas uses a diffusion model to illustrate the possibility that the vast intersociety income inequality created in the course of the Industrial Revolution may have already reached its peak, and that income differences will decline in this century.

TITLE : Off the Books : The Underground Economy of the Urban Poor AUTHOR : Sudhir Alladi Venkatesh PUB : HARVARD U PRESS $27.95 Hardcover - 448 pages October 2006 ISBN 10: 0-674-02355-2

In this revelatory book, Sudhir Venkatesh takes us into Maquis Park, a poor black neighborhood on Chicago's Southside, to explore the desperate, dangerous, and remarkable ways in which a community survives. We find there an entire world of unregulated, unreported, and untaxed work, a system of living off the books that is daily life in the ghetto. From women who clean houses and prepare lunches for the local hospital to small-scale entrepreneurs like the mechanic who works in an alley; from the preacher who provides mediation services to the salon owner who rents her store out for gambling parties; and from street vendors hawking socks and incense to the drug dealing and extortion of the local gang, we come to see how these activities form the backbone of the ghetto economy.

TITLE : The Political Economy of the Cambodian Transition AUTHOR : Caroline Hughes PUB : ROUTLEDGE £ 55.00 - Hardback Publisher: Routledge 12/26/2002 - Pages: 272 ISBN-10: 0700717374

Cambodia underwent a triple transition in the 1990s: from war to peace, from communism to electoral democracy, and from command economy to free market. This book addresses the political economy of these transitions, examining how the much publicised international intervention to bring peace and democracy to Cambodia was subverted by the poverty of the Cambodian economy and by the state's manipulation of the move to the free market. This analysis of the material basis of obstacles to Cambodia's democratisation suggests that the long-established theoretical link between economy and democracy stands, even in the face of new strategies of international democracy promotion.

Economics


245

TITLE : Japan's Security Agenda: Military, Economic, and Environmental Dimensions AUTHOR : Christopher W. Hughes PUB : Lynne Rienner Publishers $55.00 – HB 2004/287 Pages ISBN: 978-1-58826-260-8

Long constrained as a security actor by constitutional as well as external factors, Japan now increasingly is called to play a greater role in stabilizing both the Asia-Pacific region and the entire international system. Japan's Security Agenda explores the country's diplomatic, political, military, and economic concerns and policies within this new context. Hughes looks closely at the security issues facing Japanese policymakers: among them, remnants of Cold War conflicts, the proliferation of weapons of mass destruction, transnational terrorism, organized crime, piracy, economic dislocation, financial crises, and environmental disasters. He then examines Japan's response to these problems in the military, economic, and environmental spheres, as well as its key security relationships. Does Japan's multidimensional and comprehensive approach to security policy offer a viable alternative paradigm to that of the traditional U.S. and European, military-dominated model? Hughes's theoretical and empirical illustrations demonstrate the benefits and drawbacks to such an approach in an era of globalization

TITLE : A Possible World : Democratic Transformation of Global Institutions AUTHOR : Heikki Patomäki &Teivo Teivainen PUB : ZED BOOKS £17.95 – Paperback 18/04/2006 ISBN: 1 84277 407 7

As globalization proceeds apace international law, and the scope and powers of international institutions - the United Nations, the Bretton Woods institutions, the World Trade Organization - continue to grow. If democratic values are still an aspiration of the 21st century, then their deficit at international level must be addressed. Patomaki and Teiveinen survey the range of proposals now on the table. Ruling nothing out, they emphasise feasibility. While democratic advances do not come without political mobilization, there is little point mobilizing people for the utopian and unrealizable. In Part I they describe and evaluate a wide spectrum of democratic reform proposals for the UN, World Bank and IMF, the WTO and international judicial institutions. In Part II, they explore innovative ideas for new institutional arrangements, including empowering global civil society; a Global Truth Commission; referenda and a World Parliament; a debt arbitration mechanism and global taxation. This informative, thought-provoking book will be of use both to students of International Relations and Political Science, and also to campaigners concerned with the existing inequitable and unaccountable international arrangements

TITLE : The Anti-Development State : The Political Economy of Permanent Crisis in the Philippines AUTHOR : Walden Bello with Herbert Docena, Marissa de Guzman and Mary Lou Malig PUB : ZED BOOKS £18.99 – Paperback 31/08/2005 ISBN: 9781842776315

Seven million Filipinos live or work abroad. One in five wants to emigrate. What has gone wrong in the 20 years since the popular ousting of President Marcos? In this analysis of the roots of failure, Walden Bello shows how the political system remains dominated by a competitive elite who oppose any significant attempts to address the country‘s huge social inequalities. He pinpoints the unravelling of land reform, the overwhelming power of private interests, the foreign debt service burden, WTO pressure to adopt free market policies, and how sustainable and environmentally friendly development has been consistently undermined by structural adjustment. The way out, he argues, is through the wholesale overhaul of the system of governance, leading to a new development strategy based on more, not less, state intervention, the domestic market as the driver of growth, and working together with other countries in the South.

Economics


246

TITLE : Contours of Descent: US Economic Fractures and the Landscape of Global Austerity AUTHOR : Robert Pollin PUB : VERSO £9.99 – Paper June 2005 - 288 paqes 1 84467 534 3

The US economy faced the prospect of a serious recession even prior to the September 11 terrorist attacks. The highly unstable economic conditions that Clinton handed to Bush…wage stagnation, rising inequality, and a wildly inflated stock market…were hardly noticed amid the near-universal praise for the economic stewardship of Clinton and his supposed policy maestro, Federal Reserve Chair Alan Greenspan. Contours of Descent shows how the policies of Clinton and Bush in the U.S., as well as those of the IMF with respect to developing countries, are variants of neoliberal economics…which lavishes favors on multinationals and capitalists while allowing living standards for ordinary people to fall. Coutours of Descent also explores an alternative policy approach promoting economic growth with increased equality TITLE : Global Finance : New Thinking on Regulating Speculative Capital Markets AUTHOR : Edited by Walden Bello, Nicola Bullard and Kamal Malhotra PUB : ZED BOOKS £ 18.95 – Paperback 14/02/2007 ISBN: 1 85649 792 5 In this important policy- and campaign-relevant volume, economists, intellectuals and NGO leaders from both North and South confront what has now become the central issue of the new globalized world economy. Ever since the Asian crisis of 1997 threatened a chain-reaction of economic destabilisation, governments, the IMF, even the G7, and even George Soros, have concluded that something needs to be done. This volume examines the range of different ideas and approaches they have come up with. Among the issues examined are: * How do we go about renewing the process of governance of the global economy? * Can the IMF be reformed? * Do we need a new World Financial Authority? * Is there a case for capital controls? * Could an international bankruptcy procedure be set up for countries, emulating the US‘s Chapter 11 for companies? * Is the Tobin Tax on foreign currency transactions part of the solution? * What effective steps need to be taken in relation to the most deeply indebted countries? Contributors include Walden Bello, John Cavanagh, Susan George, Carlos Fortin, Martin Khor, Rodney Schmidt and others. They set their suggestions in the context of understanding what has happened during the past two decades of neo-liberalism‘s hegemonic position over economic thinking and policy. And they put up for discussion a fundamental recasting of economic institutions and strategies on the basis of democratically controlled, environmentally compatible alternative lines. As the political momentum for serious institutional reform at the global level mounts, the ideas in this book will increasingly be on the international policy agenda

TITLE : The Boom and the Bubble: The US Economy Today AUTHOR : Robert Brenner PUB : VERSO £11.00 – Paper Oct. 2003 - 318 pages 1 85984 483 9

Only three years ago, the world economy seemed poised on the edge of catastrophe, as financial firestorms ripped through East Asia, Russia and Latin America. A sustained period of significant growth in the US, however, seemed to save the day against all the odds. So impressive was the surface appearance of this rescue mission that all manner of commentators proclaimed…once again…that a ‘new economy’ or ‘new paradigm’ of unlimited and harmonious growth had been forged. Today, as recession looms, the babble about internet start-ups is exposed as vapid. Yet the pundits are no nearer an understanding of how or why the boom turned into a bubble, or why the bubble has burst. In this crisp and forensic book, Robert Brenner demonstrates that the boom was always a fragile phenomenon…buoyed up by absurd levels of debt and stock-market overvaluation…which never broke free from the fundamental malady of overcapacity and overproduction which continues to afflict the global economy.

Economics


247TITLE : Labor, Democratization and Development in India and Pakistan AUTHOR : Christopher Candland Publisher: Routledge £ 75.00 – Hardback 11/05/2007 - Pages: 214 ISBN-10: 0415428203 In this first comparative study of organized labour in India and Pakistan, the author analyses the impact and role of organized labour in the political and economic development of these two countries. Beginning with the early twentieth century, when permanent unions first formed in the South Asian sub-continent, it provides a unique comparative history of Indian and Pakistani labour politics. Additionally, it offers an analysis of changes in conditions of work and terms of service in India and Pakistan and of organized labours' response. Bangladesh and Sri Lanka are also discussed for further comparative clarification throughout the text. The conclusions shed new light on the impact of organized labour in the field of national politics, economic policy, economic welfare and the situation at the workplace-level. It is demonstrated that the protection of workers has desirable outcomes not only for those workers covered but also for democratic practice and for economic development. TITLE : Strategic Consequences of India's Economic Performance AUTHOR : Sanjaya Baru Publisher: Routledge £ - 75.00 – Hardback 04/17/2007 - Pages: 496 ISBN-10: 0415431964 In this book, Sanjaya Baru, one of India’s most respected commentators on political and economic issues, pays close attention to the strategic consequences of India’s increasingly impressive economic performance. The new turn in India's economic policies and performance in the last decade of the twentieth century; the success of Indian enterprise in the post-WTO world; the emergence of a confident professional middle-class; a demonstrated nuclear capability; and the resilience of an open society and an open economy, in the face of multiple and complex challenges, have all shaped India's response to the tectonic shifts in the global balance of power in the post-Cold War era. In this collection of academic essays and newspaper columns, Baru explores the business of diplomacy and the diplomacy of business in a rising India. The role of India's cultural and intellectual 'soft power' in shaping global perceptions of India are examined. The book offers a panoramic view of the geopolitics and the geo-economics of India's recent rise as a free market democracy, and as such will interest both experts and lay readers.

TITLE : Applied Health Economics AUTHOR : Andrew M Jones, Nigel Rice, Teresa Bago d'Uva, Silvia Balia Publisher: Routledge £ - 32.99 – Paperback 02/26/2007 - Pages: 352 ISBN-10: 0415397723

Large-scale survey datasets, in particular complex survey designs such as panel data, provide a rich source of information for health economists. They offer the scope to control for individual heterogeneity and to model the dynamics of individual behaviour. However the measures of outcome used in health economics are often qualitative or categorical. These create special problems for estimating econometric models. The dramatic growth in computing power over recent years has been accompanied by the development of methods that help to solve these problems. This book provides a practical guide to the skills required to put these techniques into practice. This book illustrates practical applications of these methods using data on health from, among others, the British Health and Lifestyle Survey (HALS), the British Household Panel Survey (BHPS), the European Community Household Panel (ECHP) and the WHO Multi-Country Survey (WHO-MCS). Assuming a familiarity with the basic syntax and structure of Stata, this book presents and explains the statistical output using empirical case studies rather than general theory. Never before has a health economics text brought theory and practice together and this book will be of great benefit to applied economists, as well as advanced undergraduate and post graduate students in health economics and applied econometrics.

Economics 248

TITLE : Growth, Distribution and Innovations : Understanding their Interrelations AUTHOR : Amit Bhaduri Publisher: Routledge £ 60.00 – Hardback 03/22/2007 - Pages: 80 ISBN-10: 041542108X

Idea for those studying advanced macroeconomic and written by a widely published author, this book outlines a new and more fruitful way of understanding, analyzing and formally modelling economic growth. In his series of lectures, collected here in one concise and engaging book, Amit Bhaduri draws on contemporary issues such as the role of competition policy, labour market flexibility and intellectual property rights regime in influencing the rate of economic growth to sketch an alternative approach to mainstream growth theory. He explores: the role of division of labour innovation and market structure according to Smith, Marx and Schumpter the role of class distribution of income according to Ricardo the principles of effective demand according to Keynes and Kalecki. It is an invaluable tool for anyone engaged with growth and distribution theory and technical innovation, as well as taking advanced macroeconomics

TITLE : Globalization and Everyday Life AUTHOR : Larry Ray Publisher: Routledge £ - 16.99 - Paperback 05/24/2007 - Pages: 256 ISBN-10: 0415340942

Globalization and Everyday Life provides an accessible account of globalization by developing two themes in particular. First, globalization is an outcome of structural and cultural processes that manifest in different ways in economy, politics, culture and organizations. So the globalized world is increasingly heterogeneous, unequal and conflictual rather than integrated and ordered. Secondly, globalization is sustained and created by the everyday actions of people and institutions. Both of these have far-reaching consequences for everyday life and are fully explored in this volume. Larry Ray skilfully guides students through the various aspects of the globalization debate and illustrates key arguments with reference to specific topics including nation, state and cosmopolitanism, virtual societies, transnationals and development. This innovative book provides this information in a clear and concise manner suitable for the undergraduate student studying sociology, social geography, globalization and development studies.

TITLE : Gods in the Bazaar: The Economies of Indian Calendar Art AUTHOR : Kajri Jain PUB : DUKE U PRESS $29.95 - Paperback 448 pages (March 2007) ISBN 0-8223-3926-9

Gods in the Bazaar is a fascinating account of the printed images known in India as “calendar art” or “bazaar art,” the color-saturated, mass-produced pictures often used on calendars and in advertisements, featuring deities and other religious themes as well as nationalist leaders, alluring women, movie stars, chubby babies, and landscapes. Calendar art appears in all manner of contexts in India: in chic elite living rooms, middle-class kitchens, urban slums, village huts; hung on walls, stuck on scooters and computers, propped up on machines, affixed to dashboards, tucked into wallets and lockets. In this beautifully illustrated book, Kajri Jain examines the power that calendar art wields in Indian mass culture, arguing that its meanings derive as much from the production and circulation of the images as from their visual features.


Economics 249

TITLE : Post-Industrial East Asian Cities : Innovation for Growth AUTHOR : Shahid Yusuf & Kaoru Nabeshima PUB : STANNFORD U PRESS $24.95 - paper 2006 - 368 pp 0804756732

Throughout East Asia, the growth process and its sources are changing in a number of important respects, especially for middle- and high-income economies. Growth is increasingly coming from the strength of innovative activities in these economies rather than from factor accumulation as in the past. Such innovative activities—especially in producer services and the creative industries—are concentrated in high-tech clusters in globally linked cities. Drawing on a wide range of literature and on interviews with firms, this book explores these issues with a focus on six East Asian cities: Bangkok, Beijing, Seoul, Shanghai, Singapore, and Tokyo. It suggests how policies and institutions can induce and furnish an urban environment that supports innovative activities. A valuable resource for researchers, urban planners, urban geographers, and policy makers interested in East Asia, Post-Industrial East Asian Cities presents the latest findings on creative industries in East Asia and their effect on economic growth

TITLE : Challenges to Globalization: Analyzing the Economics AUTHOR : Baldwin, Robert E. & L. Alan Winters, editors PUB : CHICAGO U PRESS $35.00 – Paper 2007 - 560 p ISBN: 978-0-226-03616-8

Challenges to Globalization evaluates the arguments of pro-globalists and anti-globalists regarding issues such as globalization's relationship to democracy, its impact on the environment and on labor markets including the brain drain, sweat shop labor, wage levels, and changes in production processes, and the associated expansion of trade and its effects on prices. Baldwin, Winters, and the contributors to this volume look at multinational firms, foreign investment, and mergers and acquisitions and present surprising findings that often run counter to the claim that multinational firms primarily seek countries with low wage labor. The book closes with papers on financial opening and on the relationship between international economic policies and national economic growth rates

TITLE : Leadership : Understanding the Dynamics of Power and Influence in Organizations, 2nd Ed AUTHOR : (Ed) Robert P. Vecchio PUB : NOTRE DAME U PRESS $ 45.00 – Pages 2007 - 600 ISBN10: 0-268-04367-1

Today, there are a growing number of business schools, law schools, and continuing education programs in executive development and management training that offer leadership classes. Despite the growing curricular recognition of this area, there is a shortage of strong college-level texts. Leadership, second edition—a completely up-to-date anthology of key writings by well-known contributors—meets this need for a textbook that encompasses the major theories in the field of leadership TITLE : Everyday Life and Consumer Culture in Eighteenth-Century Damascus AUTHOR : James Grehan PUB : WASHINGTON U PRESS $50.00 – Cloth 2007 - 310 pp ISBN - 9780295986760 Damascus was for centuries a center of learning and commerce. Drawing on the city's dazzling literary tradition-a rich collection of poetry, chronicles, travel accounts, and biographical dictionaries-as well as on Islamic court records, James Grehan explores the material culture of premodern Damascus, reconstructing the economic infrastructure, social customs, and private consumer habits that dominated this cosmopolitan hub in the 1700s. He sketches a lively history of diet, furniture, fashion, and other aspects of daily life, providing an unusual and intimate account of the choices, constraints, and compromises that defined consumer behavior. Coffee, tobacco, and light firearms had arisen as new luxury items in preceding centuries, and Grehan traces the usage of such goods in order to get a picture of the overall standard of living in the premodern Middle East. He looks particularly at how wealth and poverty were defined and how consumption patterns expressed notions of taste, class, and power, illuminating the prominent role played by Damascus in shaping the economy and culture of the Middle East.


Economics 250

TITLE : China : Contemporary Political, Economic,

and International Affairs" AUTHOR : Edited by David B.H. Denoon PUB : NEW YORK U PRESS $18.00 – Paperback 4/1/2007 - 256 pages ISBN 0814720005

China's dramatic transformation over the past fifteen years has drawn its share of attention and fear from the global community and world leaders. Far from the inward-looking days of the Cultural Revolution, modern China today is the world's fourth largest economy, with a net product larger than that of France and the United Kingdom. And China's dynamism is by no means limited to its economy: enrollments in secondary and higher education are rapidly expanding, and new means of communication are vastly increasing information available to the Chinese public. In two decades, the Chinese government has also transformed its foreign relations--Beijing is now consulted on virtually every key development within the region. However, the Communist Party of China still dominates all aspects of political life. The Politburo is still self-selecting, Beijing chooses province governors, censorship is widespread, and treatment of dissidents remains harsh

TITLE : LABOR IN THE NEW URBAN BATTLEGROUNDS : Local Solidarity in a Global Economy AUTHOR : Lowell Turner (Editor PUB : CORNELL U PRESS $22.50 – paper 2007, 296 pages ISBN: 978-0-8014-7360-9

Labor in the New Urban Battlegrounds examines a diverse array of innovative strategies for revitalizing the labor movement by forming alliances outside the workplace with a variety of community groups, social movements, and faith-based organizations, particularly those that address civil rights, immigrant rights, and consumer concerns. This book presents case studies of issues—such as living wages, community development corporations, and local politics—around which urban coalitions are built in “union towns” (New York City, Boston, Buffalo, and Seattle), “frontier cities” (Los Angeles, Miami, San Jose, and Nashville), and European cities (London, Frankfurt, and Hamburg).

TITLE : The Nonprofit Sector : A Research Handbook, Second Edition AUTHOR : Edited by Walter W. Powell & Richard Steinberg PUB : YALE U PRESS $65.00 – Cloth 2006 - 672 p. ISBN-10: 0300109032

TITLE : Famine in North Korea : Markets, Aid, and Reform AUTHOR : Stephan Haggard & Marcus Noland Foreword by Amartya Sen PUB : COLUMBIA U PRESS $35.00 – cloth March, 2007 - 368 pages ISBN: 0-231-14000-2

Famine in North Korea is the authoritative account of the famine, examining its origins and impact from the level of the individual household to the high politics of international diplomacy. It is an extraordinary book, essential reading for anyone interested in the issues of famine, economic transition, and the future of the Korean peninsula." —Joseph E. Stiglitz, winner of the Nobel Prize in economics and author of Making Globalization Work "The UN General Assembly resolutions on human rights in North Korea have underscored the failure of the North Korean government to protect its people from gross human rights abuses. In Famine in North Korea: Markets, Aid, and Reform,


Economics


251 Stephan Haggard and Marcus Noland compellingly outline the case with respect to food. This book is critical for any understanding of the humanitarian and human rights crisis on the Korean peninsula." —Vaclav Havel, Former President of the Czech Republic

TITLE : China's Financial Transition at a Crossroads AUTHOR : Edited by Charles Calomiris PUB : COLUMBIA U PRESS $39.95 – cloth August, 2007 - 432 pages ISBN: 978-0-231-14192-5

China's increasing role in global economic affairs has placed the country at a crossroads: how many and what types of international capital-market transactions will China permit? How will China's financial system change internally? What kind of relationships will the Chinese government develop with foreign financial institutions, especially with those based in the United States? Can China broker a sustainable partnership with America that will avoid sending economic shock waves throughout the world? Drawing on the contemporary research of prominent international scholars, the experts in this volume outline the trajectory of China's financial markets since the advent of reform and anticipate their uncertain future. Chapter authors and commentators include Geert Bekaert, Loren Brandt, Lee Branstetter, Mary Wadsworth Darby, Michael DeStefano, Barry Eichengreen, Campbell Harvey, Fred Hu, Xiaobo Lu, Christian Lundblad, Ailsa Roell, Daniel Rosen, Shang-Jin Wei, Jialin Yu, and Xiaodong Zhu.

TITLE : Poverty Traps AUTHOR : Edited by Samuel Bowles, Steven N. Durlauf, & Karla Hoff PUB : PRINCETON U PRESS 2006 - Cloth $35.00 - 256 pp ISBN13: 978-0-691-12500-8

Much popular belief--and public policy--rests on the idea that those born into poverty have it in their power to escape. But the persistence of poverty and ever-growing economic inequality around the world have led many economists to seriously question the model of individual economic self-determination when it comes to the poor. In Poverty Traps, Samuel Bowles, Steven Durlauf, Karla Hoff, and the book's other contributors argue that there are many conditions that may trap individuals, groups, and whole economies in intractable poverty. For the first time the editors have brought together the perspectives of economics, economic history, and sociology to assess what we know--and don't know--about such traps. Among the sources of the poverty of nations, the authors assign a primary role to social and political institutions, ranging from corruption to seemingly benign social customs such as kin systems. Many of the institutions that keep nations poor have deep roots in colonial history and persist long after their initial causes are gone.

TITLE : Worlds Apart : Measuring International and Global Inequality AUTHOR : Branko Milanovic PUB : PRINCETON U PRESS $17.95 - Paper 2007 - 240 pp. ISBN13: 978-0-691-13051-4

We are used to thinking about inequality within countries--about rich Americans versus poor Americans, for instance. But what about inequality between all citizens of the world? Worlds Apart addresses just how to measure global inequality among individuals, and shows that inequality is shaped by complex forces often working in different directions. Branko Milanovic, a top World Bank economist, analyzes income distribution worldwide using, for the first time, household survey data from more than 100 countries. He evenhandedly explains the main approaches to the problem, offers a more accurate way of measuring inequality among individuals, and discusses the relevant policies of first-world countries and nongovernmental organizations.

Economics 252

TITLE : All Politics Is Global : Explaining International Regulatory Regimes AUTHOR : Daniel W. Drezner PUB : PRINCETON U PRESS $29.95 - Cloth 2007 - 254 pp. ISBN13: 978-0-691-09641-4

Has globalization diluted the power of national governments to regulate their own economies? Are international governmental and nongovernmental organizations weakening the hold of nation-states on global regulatory agendas? Many observers think so. But in All Politics Is Global, Daniel Drezner argues that this view is wrong. Despite globalization, states--especially the great powers--still dominate international regulatory regimes, and the regulatory goals of states are driven by their domestic interests. As Drezner shows, state size still matters. The great powers--the United States and the European Union--remain the key players in writing global regulations, and their power is due to the size of their internal economic markets. If they agree, there will be effective global governance. If they don't agree, governance will be fragmented or ineffective. And, paradoxically, the most powerful sources of great-power preferences are the least globalized elements of their economies.

TITLE : The Evolution of the Trade Regime : Politics, Law, & Economics of the GATT & the WTO AUTHOR : John H. Barton, Judith L. Goldstein, Timothy E. Josling, & Richard H. Steinberg PUB : PRINCETON U PRESS $32.95 – Cloth 2006 - 256 pp. ISBN13: 978-0-691-12450-6

The Evolution of the Trade Regime offers a comprehensive political-economic history of the development of the world's multilateral trade institutions, the General Agreement on Tariffs and Trade (GATT) and its successor, the World Trade Organization (WTO). While other books confine themselves to describing contemporary GATT/WTO legal rules or analyzing their economic logic, this is the first to explain the logic and development behind these rules. The book begins by examining the institutions' rules, principles, practices, and norms from their genesis in the early postwar period to the present. It evaluates the extent to which changes in these institutional attributes have helped maintain or rebuild domestic constituencies for open markets.

TITLE : Reviving the Invisible Hand : The Case for Classical Liberalism in the Twenty-first Century AUTHOR : Deepak Lal PUB : PRINCETON U PRESS $29.95 - Cloth 2006 - 334 pp. ISBN13: 978-0-691-12591-6

Reviving the Invisible Hand is an uncompromising call for a global return to a classical liberal economic order, free of interference from governments and international organizations. Arguing for a revival of the invisible hand of free international trade and global capital, eminent economist Deepak Lal vigorously defends the view that statist attempts to ameliorate the impact of markets threaten global economic progress and stability. And in an unusual move, he not only defends globalization economically, but also answers the cultural and moral objections of antiglobalizers. Taking a broad cross-cultural and interdisciplinary approach, Lal argues that there are two groups opposed to globalization: cultural nationalists who oppose not capitalism but Westernization, and "new dirigistes" who oppose not Westernization but capitalism. In response, Lal contends that capitalism doesn't have to lead to Westernization, as the examples of Japan, China, and India show, and that "new dirigiste" complaints have more to do with the demoralization of their societies than with the capitalist instruments of prosperity.


Economics


253

TITLE : Poverty and Discrimination AUTHOR : Kevin Lang PUB : PRINCETON U PRESS $60.00 - Cloth 2007 - 408 pp. ISBN13: 978-0-691-11954-0

Many ideas about poverty and discrimination are nothing more than politically driven assertions unsupported by evidence. And even politically neutral studies that do try to assess evidence are often simply unreliable. In Poverty and Discrimination, economist Kevin Lang cuts through the vast literature on poverty and discrimination to determine what we actually know and how we know it. Using rigorous statistical analysis and economic thinking to judge what the best research is and which theories match the evidence, this book clears the ground for students, social scientists, and policymakers who want to understand--and help reduce--poverty and discrimination. It evaluates how well antipoverty and antidiscrimination policies and programs have worked--and whether they have sometimes actually made the problems worse. And it provides new insights about the causes of, and possible solutions to, poverty and discrimination

TITLE : Corporate Governance Lessons from Transition Economy Reforms AUTHOR : Edited by Merritt B. Fox & Michael A. Heller PUB : PRINCETON U PRESS $45.00 - Cloth 2006 - 408 pp. ISBN13: 978-0-691-12561-9

Corporate Governance Lessons from Transition Economy Reforms explores a timely topic at the intersection of economics, law, and policy reform. To date, most sophisticated theoretical work on corporate governance has focused on advanced market economies. In post-socialist countries, corporate finance and transition economics scholars have often done little more than convey the received theory to transition policymakers. This volume focuses, for the first time, on the reverse concern: what, if anything, do the reform experiences of transition countries teach about corporate governance theory more generally? To investigate this question, Merritt Fox and Michael Heller have assembled a stellar group of corporate governance theorists. The answers are startling

TITLE : Econometric Modeling : A Likelihood Approach AUTHOR : David F. Hendry & Bent Nielsen PUB : PRINCETON U PRESS $50.00 - Paper 2007 - 378 pp ISBN13: 978-0-691-13089-7

Econometric Modeling provides a new and stimulating introduction to econometrics, focusing on modeling. The key issue confronting empirical economics is to establish sustainable relationships that are both supported by data and interpretable from economic theory. The unified likelihood-based approach of this book gives students the required statistical foundations of estimation and inference, and leads to a thorough understanding of econometric techniques. David Hendry and Bent Nielsen introduce modeling for a range of situations, including binary data sets, multiple regression, and cointegrated systems. In each setting, a statistical model is constructed to explain the observed variation in the data, with estimation and inference based on the likelihood function. Substantive issues are always addressed, showing how both statistical and economic assumptions can be tested and empirical results interpreted. Important empirical problems such as structural breaks, forecasting, and model selection are covered, and Monte Carlo simulation is explained and applied

Economics


254

TITLE : The New Industrial State AUTHOR : John Kenneth Galbraith PUB : PRINCETON U PRESS $24.95 – Paper 2007 - 576 pp. ISBN13: 978-0-691-13141-2

With searing wit and incisive commentary, John Kenneth Galbraith redefined America's perception of itself in The New Industrial State, one of his landmark works. The United States is no longer a free-enterprise society, Galbraith argues, but a structured state controlled by the largest companies. Advertising is the means by which these companies manage demand and create consumer "need" where none previously existed. Multinational corporations are the continuation of this power system on an international level. The goal of these companies is not the betterment of society, but immortality through an uninterrupted stream of earnings.

TITLE : The Soulful Science : What Economists Really Do and Why It Matters AUTHOR : Diane Coyle PUB : PRINCETON U PRESS $27.95 - Cloth 2007 - 288 pp ISBN13: 978-0-691-12513-8

To many, Thomas Carlyle's put-down of economics as "the dismal science" is as fitting now as it was 150 years ago. But Diane Coyle argues that economics today is more soulful than dismal, a more practical and human science than ever before. Building on the popularity of books such as Freakonomics that have applied economic thinking to the paradoxes of everyday life, The Soulful Science describes the remarkable creative renaissance in how economics is addressing the most fundamental questions--and how it is starting to help solve problems such as poverty and global warming. A lively and entertaining tour of the most exciting new economic thinking about big-picture problems, The Soulful Science uncovers the hidden humanization of economics over the past two decades

TITLE : Einstein on Politics : His Private Thoughts & Public Stands on Nationalism, Zionism, War, Peace, & the Bomb AUTHOR : David E. Rowe & Robert Schulmann PUB : PRINCETON U PRESS $29.95 - Cloth 2007 - 560 pp. ISBN13: 978-0-691-12094-2

The most famous scientist of the twentieth century, Albert Einstein was also one of the century's most outspoken political activists. Deeply engaged with the events of his tumultuous times, from the two world wars and the Holocaust, to the atomic bomb and the Cold War, to the effort to establish a Jewish homeland, Einstein was a remarkably prolific political writer, someone who took courageous and often unpopular stands against nationalism, militarism, anti-Semitism, racism, and McCarthyism. In Einstein on Politics, leading Einstein scholars David Rowe and Robert Schulmann gather Einstein's most important public and private political writings and put them into historical context. The book reveals a little-known Einstein--not the ineffectual and naïve idealist of popular imagination, but a principled, shrewd pragmatist whose stands on political issues reflected the depth of his humanity

Economics 255

TITLE : The Central Asian Economies Since Independence AUTHOR : Richard Pomfret PUB : PRINCETON U PRESS $65.00 - Cloth 2006 - 256 pp ISBN13: 978-0-691-12465-0

The 9/11 attacks, the U.S. invasion of Afghanistan, and the oil boom of recent years have greatly increased the strategic importance of resource-rich Central Asia, making an understanding of its economic--and therefore political--prospects more important than ever. In The Central Asian Economies Since Independence, Richard Pomfret provides a concise and up-to-date analysis of the huge changes undergone by the economies of Kazakhstan, the Kyrgyz Republic, Tajikistan, Turkmenistan, and Uzbekistan since the collapse of the Soviet Union in 1991. The book assesses the economic prospects of each country, and the likelihood that economic conditions will spur major political changes. With independent chapters on each country, and chapters analyzing their comparative economic performance, the book highlights similarities and differences. Facing common problems caused by the breakdown of Soviet economic relations and the hyperinflation of the early 1990s, these countries have taken widely divergent paths in the transition from Soviet central planning to more market-based economies

TITLE : Making Aid Work AUTHOR : Abhijit Vinayak Banerjee PUB : M I T PRESS $14.95 – CLOTH 2007 - 136 pp ISBN-10: 0-262-02615-5

With more than a billion people now living on less than a dollar a day, and with eight million dying each year because they are simply too poor to live, most would agree that the problem of global poverty is our greatest moral challenge. The large and pressing practical question is how best to address that challenge. Although millions of dollars flow to poor countries, the results are often disappointing. In Making Aid Work, Abhijit Banerjee--an "aid optimist"--argues that aid has much to contribute, but the lack of analysis about which programs really work causes considerable waste and inefficiency, which in turn fuels unwarranted pessimism about the role of aid in fostering economic development.

TITLE : Can Germany Be Saved? : The Malaise of the World's First Welfare State AUTHOR : Hans-Werner Sinn PUB : M I T PRESS $29.95 – CLOTH 2007 - 504 pp. ISBN-10: 0-262-19558-5

What has happened to the German economic miracle? Rebuilding from the rubble and ruin of two world wars, Germany in the second half of the twentieth century recaptured its economic strength. High-quality German-made products ranging from precision tools to automobiles again conquered world markets, and the country experienced stratospheric growth and virtually full employment. Germany (or West Germany, until 1989) returned to its position as the economic powerhouse of Europe and became the world's third-largest economy after the United States and Japan. But in recent years growth has slowed, unemployment has soared, and the economic unification of eastern and western Germany has been mishandled. Europe's largest economy is now outperformed by many of its European neighbors in per capita terms. In Can Germany Be Saved?, Hans-Werner Sinn, one of Germany's leading economists, takes a frank look at his country's economic problems and proposes welfare- and tax-reform measures aimed at returning Germany to its former vigor and vitality

TITLE : Diasporas and Development AUTHOR : Edited by Barbara J. Merz, Lincoln C. Chen, M.D. & Peter F. Geithner PUB : HARVARD U PRESS $19.95 – Paperback 2007 - 274 pages ISBN 10: 0-674-02455-9

Just as trade, finance, information, and technologies are moving rapidly across borders, so too have labor markets and transnational migrant communities. Migrants are sending large quantities of money back to their countries of origin in the form of philanthropy, remittances, and commercial investments. They are also sharing knowledge and skills learned or developed abroad. Is greater global equity an inevitable consequence of such diaspora philanthropy, or can this giving


actually aggravate inequity? Diasporas and Development examines the positive--and sometimes negative--impacts of diaspora engagement in Africa, Asia, Central America, and the Caribbean.

Economics


256 How can the equity impact of this global giving be maximized? Might creative intermediary mechanisms or public policies help channel diaspora philanthropy in positive directions? They also explore motivations for the dark sides of diaspora engagement such as support for extremist organizations, organized crime, ethnic violence, and even civil war. Diasporas and Development aims to deepen the understanding of the promise and pitfalls of diaspora philanthropy and how it might help bridge the distances between societies in an unequal world

TITLE : Living with Debt : How to Limit the Risks of Sovereign Finance Economic and Social Progress in Latin America, 2007 Report AUTHOR : Edited by Inter-American Devel. Bank PUB : HARVARD U PRESS $29.95 – Paperback 2007 - 326 pages ISBN 10: 1-59782-033-4

Living with Debt focuses on how to manage sovereign debt safely and effectively. The report traces the history of sovereign borrowing in Latin America, releases a new data set on public debt, and analyzes the evolution of debt, highlighting the recent trend toward higher levels of domestic debt and lower external borrowing. The report also includes a detailed study of the costs of sovereign defaults such as those that have affected some Latin American countries in recent years. Drawing from in-depth country studies, the report notes the development of domestic debt markets, which have the potential to increase the availability of finance for the private sector and enhance financial markets' stability more generally. However, the report concludes that safely managing domestic debt presents somewhat different--but not necessarily simpler--challenges. In particular, the broader range of debt instruments interacts with the variety of shocks to which economies are exposed, requiring a more comprehensive approach to debt sustainability analysis, which the report outlines

TITLE : Globalization and Catching-Up in Transition Economies AUTHOR : Grzegorz W. Kolodko PUB : ROCHESTER U PRESS £ 40.00 – Hardback 2002 - 110 pages ISBN: 158046050X

Kolodko, former finance minister of Poland, considers the links between issues of globalization and post-communist transition, the two most important economic features of the turn of the century. He discusses the pattern of economic growth and contraction of the past fifty years, and reviews the options for the next half century. He accounts for the severity of the transitional recession in Eastern Europe and the former Soviet Union as a result of both the legacies of the past and current policy mistakes, but demonstrates how structural reforms and gradual institutional building have enabledsome postsocialist economies to recover. He proposes that, within the wider context of globalization, several of these emerging market economies will be able to catch up with the more advanced industrial countries, but emphasises the need for quality growth policies and continuing coordination between development strategies and efforts toward structural reform

TITLE : Black Business and Economic Power AUTHOR : Edited by Toyin Falola & Alusine Jalloh PUB : ROCHESTER U PRESS £ 45.00 - Hardback 2002 - 628 pages ISBN: 158046114X

This is the first collection on historical and contemporary black business in Africa and the American diaspora, as well as transatlantic business between the United States and Africa. The contributors, all internationally recognized in their fields, provide African and non-African perspectives on various aspects of the black business experience. The first section of this book examines the history of business in Africa, with emphases on indigenous practices, regional commerce, and the linkages between Africa and other parts of the world. The second section looks at the creation of modern entrepreneur management practices. The third and final section deals with the various aspects of contemporary black business in the United States. This book seeks to inform readers and stimulate further research on black business in, as well as between, Africa and the African diaspora in America. Alusine Jalloh is associate professor of history and founding director of the Africa Program at the University of Texas at Arlington. Toyin Falola is the Frances Higginbothom Nalle Centennial Professor in History at the University of Texas at Austin

Economics


257TITLE : Big Business, Poor Peoples : The Impact of Transnational Corporations on the World's Poor AUTHOR : John Madeley

PUB : ZED BOOKS £14.95 – Paperback 1999 – ISBN: 1 85649 672 4

Are TNCs the solution to poverty in the Third World or, alternatively, are they part of the problem? This is John Madeley‘s central concern in this exploration of a little-investigated aspect of large corporations. TNCs are usually promoted as the harbingers of rapid economic growth, jobs and development generally. Yet inequality between North and South, and within countries, continues to grow apace. So what really is happening? The author examines the impact on the poor of TNC activities in the main economic sectors where they invest and sell their products - agriculture, forestry, fisheries, mining, oil extraction, manufacturing and tourism. He charts how natural resources are being exorably ceded to TNCs at the expense of local communities. He shows how weak are the productive links which much TNC activity actually makes with national economies. He documents how the power of governments to control these corporations is declining. Yet the news is not all bad. Producers, consumers, local communities, even shareholders are beginning to demand that large corporations behave in ways where profits are only one of the obligations incumbent upon them

TITLE : Complex Systems Theory and Development Practice : Understanding Non-linear Realities AUTHOR : Samir Rihani PUB : ZED BOOKS £18.95 – Paperback 2006 – ISBN: 1 84277 047 0

This book could change Development. Here, for the first time, Development Studies encounters the set of ideas popularly known as Chaos Theory. In the natural sciences these new ideas have usurped Newtonian certainties about the simple linearity of physical phenomena, causality and certainty. Samir Rihani applies to the processes of economic development ideas from complex adaptive systems like uncertainty, complexity and unpredictability. Well written and ranging widely over evolving economic thinking, specific country experiences and development issues, the book explains the key concepts developed by complex adaptive systems thinking and applies them, showing their power to explain. Rihani examines various aspects of the development process - including the World Bank, debt, and the struggle against poverty - and demonstrates the limitations of fundamentally linear thinking in an essentially non-linear world. Little wonder, he concludes, that the results of half a century of development effort have been so disappointing. Applying these ideas to the unpredictable social processes which development thinkers seek to understand and direct could make an unexpectedly important contribution not only theoretically, but to the actual policies and practice of development. TITLE : Global Finance : New Thinking on Regulating Speculative Capital Markets AUTHOR : Edited by Walden Bello, Nicola Bullard and Kamal Malhotra PUB : ZED BOOKS £18.95 – Paperback 2007 – ISBN: 1 85649 792 5 In this important policy- and campaign-relevant volume, economists, intellectuals and NGO leaders from both North and South confront what has now become the central issue of the new globalized world economy. Ever since the Asian crisis of 1997 threatened a chain-reaction of economic destabilisation, governments, the IMF, even the G7, and even George Soros, have concluded that something needs to be done. This volume examines the range of different ideas and approaches they have come up with. Among the issues examined are: * How do we go about renewing the process of governance of the global economy? * Can the IMF be reformed? * Do we need a new World Financial Authority? * Is there a case for capital controls? * Could an international bankruptcy procedure be set up for countries, emulating the US‘s Chapter 11 for companies? * Is the Tobin Tax on foreign currency transactions part of the solution? * What effective steps need to be taken in relation to the most deeply indebted countries? Contributors include Walden Bello, John Cavanagh, Susan George, Carlos Fortin, Martin Khor, Rodney Schmidt and others. They set their suggestions in the context of understanding what has happened during the past two decades of neo-liberalism‘s hegemonic position over economic thinking and policy. And they put up for discussion a fundamental

Economics


258recasting of economic institutions and strategies on the basis of democratically controlled, environmentally compatible alternative lines. As the political momentum for serious institutional reform at the global level mounts, the ideas in this book will increasingly be on the international policy agenda.

pub : zed books - seagull seagull bookstore pvt. ltd. 31a, s p mukherjee road, kolkata 700 025 –...

Documents