[PDF] A Study Into Financial Globalization Economic Growth And In Equality

A Study into Financial Globalization  Economic Growth and  In Equality PDF
Author: Fikret Čaušević
Publisher: Springer
ISBN: 3319514032
Size: 21.10 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 179
View: 328

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A Study Into Financial Globalization Economic Growth And In Equality

by Fikret Čaušević, release date 2017-03-21, A Study Into Financial Globalization Economic Growth And In Equality Books available in PDF, EPUB, Mobi Format. Download A Study Into Financial Globalization Economic Growth And In Equality books, This book focuses on the impact of financial liberalisation and globalisation on economic growth and inequality worldwide over the past quarter century. It places a particular emphasis on the first fourteen years of this century. It begins by exploring certain assumptions developed as a result of early works in the field, providing a critical review of some of the most important academic works published over the past twenty years. It then goes on to present a comparative measurement of the economic performance of key countries for which data is available in the World Bank database, including G-10 countries, EU countries, and fastest growing countries like China, India, and small-open oil-producing economies.




[PDF] Inequality Growth And Poverty In An Era Of Liberalization And Globalization

Inequality  Growth  and Poverty in an Era of Liberalization and Globalization PDF
Author: Giovanni Andrea Cornia
Publisher: Oxford University Press on Demand
ISBN: 0199271410
Size: 12.96 MB
Format: PDF, Docs
Category : Business & Economics
Languages : en
Pages : 438
View: 7753

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Inequality Growth And Poverty In An Era Of Liberalization And Globalization

by Giovanni Andrea Cornia, release date 2004-03-18, Inequality Growth And Poverty In An Era Of Liberalization And Globalization Books available in PDF, EPUB, Mobi Format. Download Inequality Growth And Poverty In An Era Of Liberalization And Globalization books, Within-country income inequality has risen since the early 1980s in most of the OECD, all transitional, and many developing countries. More recently, inequality has risen also in India and nations affected by the Asian crisis. Altogether, over the last twenty years, inequality worsened in 70 per cent of the 73 countries analysed in this volume, with the Gini index rising by over five points in half of them. In several cases, the Gini index follows a U-shaped pattern, with theturn-around point located between the late 1970s and early 1990s. Where the shift towards liberalization and globalization was concluded, the right arm of the U stabilized at the 'steady state level of inequality' typical of the new policy regime, as observed in the UK after 1990.Mainstream theory focusing on rises in wage differentials by skill caused by either North-South trade, migration, or technological change poorly explains the recent rise in income inequality. Likewise, while the traditional causes of income polarization-high land concentration, unequal access to education, the urban bias, the 'curse of natural resources'-still account for much of cross-country variation in income inequality, they cannot explain its recent rise.This volume suggests that the recent rise in income inequality was caused to a considerable extent by a policy-driven worsening in factorial income distribution, wage spread and spatial inequality. In this regard, the volume discusses the distributive impact of reforms in trade and financial liberalization, taxation, public expenditure, safety nets, and labour markets. The volume thus represents one of the first attempts to analyse systematically the relation between policy changes inspired byliberalization and globalization and income inequality. It suggests that capital account liberalization appears to have had-on average-the strongest disequalizing effect, followed by domestic financial liberalization, labour market deregulation, and tax reform. Trade liberalization had uncleareffects, while public expenditure reform often had positive effects.




[PDF] Development Growth Economic Impacts Of Globalization

Development   Growth  Economic Impacts of Globalization PDF
Author: Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya
Publisher: IJOPEC Publication
ISBN: 1999703502
Size: 25.48 MB
Format: PDF
Category : Business & Economics
Languages : en
Pages : 310
View: 3687

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Development Growth Economic Impacts Of Globalization

by Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya, release date 2017-04-14, Development Growth Economic Impacts Of Globalization Books available in PDF, EPUB, Mobi Format. Download Development Growth Economic Impacts Of Globalization books, The growth paradigm or the economic growth generally been presented as a positive, limitless and good for social problems. The term was hardly touched in pre-capitalism by any academic research. With the rise of capitalism and industrial revolution it became an important tool to measure production quantitatively and qualitatively. Industrialisation also encouraged the expansion of trade and gradual breakdown of the pre-capitalist order in 18th century in Britain. The spread of market had facilitated the specialisation, encouraging division of labour. Whilst for The Classical Political Economists; Adam Smith, David Ricardo and Thomas Malthus; economic growth is self-reinforcing. Marx pointed out importance of forces and relations of production and significance of social classes within it (Marx, 1863). Smith, Ricardo and Malthus were writing at a time when capitalist development was expanding fast and growth was a central in the process. The gradual impact of the West on the rest of world became part of a wider process of change in the World Economy. European capital increased its domination of the world trade through expansionist commercial policies (Wallerstein, 1979). The economic growth encouraged commerce. The necessity to export, and other technological changes formed part of the reason for the decline of feudalism. This transition from feudalism to capitalism began in the West and soon made an impact on the rest of the World. T Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya (Development & Growth: Economic Impacts of Globalization) 12 In 1932 Simon Kuznets, the US economist identified Gross Domestic Product (GDP) to measure the national output of a country within a period. It has continued to be an important indicator to measure economic growth, but it has also been under considerable criticisms. For example; GDP treats resources as income without excluding depletion or depression of the resources. Moreover, GDP has been criticised for disregarding income distribution. Despite all the criticism, GDP has been the most significant indicator of growth and development. With the Post War-II reconstruction of devastated countries and in order to kick-start the World Economy, the state in both developed and developing counties became the important agency to facilitate economic growth. The establishment of the Bretton Woods institutions, the Keynesian model of government intervention and the US implementation of “New Deal” facilitated growth. This was deliberate strategy to reconstruct and create networks of international cooperation. This was pointed out by President Truman in 1949: A program of development based on the concepts of democratic fair-dealing. All countries, including our own, will greatly benefit from a constructive program for the better use of the World's human and natural resources (Truman, 1949). This meant the reinforcement and need to distribute the 'Benefits' of capitalist form of development, more widely, against the planned economy sustained by the Soviet Union. The economist such as Joseph Schumpeter pointed to the possibility that capitalist growth, if it is sustained, could abolish poverty (Schumpeter, 1954, pp66-68). Whilst development meant rapid industrialisation, GDP became a key policy objective for the policy makers and governments around the world, not just in the Soviet Union but the Western Capitalist World, to set targets for their Growth Rate. The end of the Cold War in the 1980s, for some, meant triumph of Neoliberal Capitalism. The others talked of trade liberalization; free movement of capital and the development of information technology, facilitating the relocation of businesses across the world. (Ohmae, 1995). Friedman suggested that globalization is the Inevitable; Integration of markets, nation-states and technologies ... enabling individuals, corporations and nation-states, to reach around the world farther, faster, deeper and cheaper than ever before (Friedman, 1999). Development & Growth: Economic Impact of Globalization (Edited by: Farhang Morady, Hakan Kapucu, Ömer Yalçınkaya) 13 Francis Fukuyama (1992) suggested the new era as ‘The End of History’ through which the ‘Liberal Idea’ triumphed, leading to a new global hegemony. For Fukuyama the only route to modernity, growth and development is the Neo-liberal Democratic path under Global Capitalism. This optimism was not shared by all academics, as Globalization produced poor growth and polarization of wealth: what Collier terms the ‘Bottom one Billion’ (2008). As a result, there has been major criticism of the World Bank and the International Monetary Funds in the second half of the 1990s, especially with the Asian financial and economic crises. The response from these institutions has been vigorous. They continued to believe that liberalization, deregulation, and privatization represent the best way forward for growth and development. With 2008 world recession the World Economy has faced a new challenge. The emergence of powerful economies such as; China, India and Brazil; helped the world economy to grow, at least for now. However, the unevenness of the world economy continues to cause difficulties especially the US as they feeling the threat of their competitors such as China, Germany and even India. The victory of Donald Trump as the S President has represented an ideological shift from free trade advocator of global capitalism to a mixture of right-wing populism. Before and after the presidential election, he called for the revival of the American economy, which has been under considerable pressure since 2008 World Recession. In order to prove growth rate Trump has a huge challenge ahead, not least to deal with the competition from South East Asian economies, especially China. It remains to be seen whether the new US administration will continue with their populist rhetoric In this book, “Economic Impacts of Globalization: Growth & Development”, several academicians provide different analysis of economic growth and economic development. The scientific ethics and responsibility of the works in the book belong to the authors / writers. The book compromises of 15 chapters focusing on economic growth and economic development in the era of globalisation. By taking different angles, they demonstrate different problems and solutions.




[PDF] Winners And Losers In Globalization

Winners and Losers in Globalization PDF
Author: Guillermo de la Dehesa
Publisher: John Wiley & Sons
ISBN: 1405142626
Size: 52.68 MB
Format: PDF
Category : Political Science
Languages : en
Pages : 232
View: 4087

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Winners And Losers In Globalization

by Guillermo de la Dehesa, release date 2008-04-15, Winners And Losers In Globalization Books available in PDF, EPUB, Mobi Format. Download Winners And Losers In Globalization books, Seeking reason in the impassioned globalization debate, de laDehesa examines who stands to win and who stands to lose from theprocess of globalization, in a style accessible to readersunfamiliar with economic theory. Objectively and dispassionately illuminates the emotionallycharged globalization debate; Acknowledges that the costs and benefits of globalization willnot be distributed evenly; Details the economic effects of globalization on individuals,governments, nation-states and business; Assesses the impact of globalization on both labor markets andfinancial markets, on global economic growth and on incomedistribution and real convergence between different nationaleconomies.




[PDF] Causes And Consequences Of Income Inequality

Causes and Consequences of Income Inequality PDF
Author: Ms. Era Dabla-Norris
Publisher: International Monetary Fund
ISBN: 1513547437
Size: 77.90 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 33
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Causes And Consequences Of Income Inequality

by Ms. Era Dabla-Norris, release date 2015-06-15, Causes And Consequences Of Income Inequality Books available in PDF, EPUB, Mobi Format. Download Causes And Consequences Of Income Inequality books, This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.




[PDF] Globalization And Development

Globalization and Development PDF
Author: A. Elson
Publisher: Springer
ISBN: 113731639X
Size: 76.22 MB
Format: PDF, Kindle
Category : Business & Economics
Languages : en
Pages : 272
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Globalization And Development

by A. Elson, release date 2013-12-10, Globalization And Development Books available in PDF, EPUB, Mobi Format. Download Globalization And Development books, Comparing the experience of East Asia and Latin America since the mid-1970s, Elson identifies the key internal factors common to each region which have allowed East Asia to take advantage of the trade, financial, and technological impact of a more globalized economy to support its development, while Latin America has not.




[PDF] Inequality In Financial Capitalism

Inequality in Financial Capitalism PDF
Author: Pasquale Tridico
Publisher: Routledge
ISBN: 1317372093
Size: 19.10 MB
Format: PDF, ePub
Category : Business & Economics
Languages : en
Pages : 236
View: 5941

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Inequality In Financial Capitalism

by Pasquale Tridico, release date 2017-03-16, Inequality In Financial Capitalism Books available in PDF, EPUB, Mobi Format. Download Inequality In Financial Capitalism books, Recently, the issue of inequality has regained attention in the economic and political debate. This is due to both an increase in income inequality, in particular among rich countries, and an increasing interest in this issue by researchers and politicians. In the last three decades, income inequality among rich countries increased. This period also witnessed the growth of "financial capitalism", characterised by the strong dependency of economies on the financial sector, by the globalisation and intensification of international trade and capital mobility, and by the "flexibilisation" of labour markets and the reduction of wage shares. From the 1980s to the present day, this book considers the theoretical aspects of inequality (its foundations, definitions, approaches and origins) and examines empirical evidence of income inequality in a wide range of advanced economies. The key arguments in this volume are that income inequality increased during this period because labour and welfare became seen as costs to be compressed in "financial capitalism" rather than as a fundamental part of aggregate demand to be expanded. However, the welfare state is not a drain on economic performance and competitiveness, nor is it a barrier to economic efficiency. Instead, it is demonstrated that in countries that adopt "welfare capitalism", welfare state expenditure not only contributes to a reduction in inequality but also fosters economic growth. Inequality in Financial Capitalism is of great importance to those who study economics, political economy, labour economics and globalisation.




[PDF] Determinants Of Economic Growth In Africa

Determinants of Economic Growth in Africa PDF
Author: Almas Heshmati
Publisher: Springer
ISBN: 3319764934
Size: 78.13 MB
Format: PDF, ePub, Mobi
Category : Business & Economics
Languages : en
Pages : 392
View: 1990

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Determinants Of Economic Growth In Africa

by Almas Heshmati, release date 2018-05-16, Determinants Of Economic Growth In Africa Books available in PDF, EPUB, Mobi Format. Download Determinants Of Economic Growth In Africa books, This volume is a collection of selected empirical studies on determinants of economic growth in Africa. Grouped into three parts, chapters examine the influence of financial sources and economic growth; sources of productivity growth; and prices, exchange rates and trade relationships with growth in regions in Africa or the continent as a whole. This edited book is authored by African experts in the field who employ diverse up-to-date data and methods to provide robust empirical results based on representative firms, household surveys and secondary country level data covering individuals or multiple countries on the continent. It contains a wealth of empirical evidence, deep analyses and sound recommendations for policymakers and researchers for designing and implementing effective social and national policies and strategies to prevent and to reduce poverty and its negative effects on poor households and in poor regions. The volume will be a useful resource for policymakers and researchers involved in promoting economic growth and fighting poverty. It will also appeal to a broader audience interested in economic development, resource economics, policies, economic welfare and inclusive growth.




[PDF] Globalization And Development Volume Iii

Globalization and Development Volume III PDF
Author: Shigeru Thomas Otsubo
Publisher: Routledge
ISBN: 131739089X
Size: 65.77 MB
Format: PDF, ePub, Mobi
Category : Political Science
Languages : en
Pages : 296
View: 2820

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Globalization And Development Volume Iii

by Shigeru Thomas Otsubo, release date 2015-10-05, Globalization And Development Volume Iii Books available in PDF, EPUB, Mobi Format. Download Globalization And Development Volume Iii books, Globalization and Development is a "cross-national study" on the "interstate dispersion" of the impacts (on growth, inequality and poverty) that international economic integration provides to the economies of the developing countries. In order to present the "Leading Issues in Development with Globalization" in a balanced manner, to identify differences and commonalities among "Country Experiences" in development with globalization, and to introduce diversified development paradigms with forward-looking discussions "In Search of a New Development Paradigm" for the post-MDGs era, this publication consists of three volumes and four main parts. Volume III (Part IV) presents the diversified development paradigms such as the GNH (Bhutan), the sufficiency economy (Thailand), the reform and opening up paradigm (China), the African and Latin American paradigms, and the Islamic development paradigm. The Concluding Chapter presents the evolution of development paradigms in the global development cooperation community after World War II, and then offers a glimpse into new development paradigms for the post-MDG era. This book intends to serve as a unique and comprehensive guide for those in the international development community on the subjects of diversified development paradigms/paths under globalization and other challenges in the post-MDG era.




[PDF] Global Inequalities

Global Inequalities PDF
Author: Robert J. Holton
Publisher: Macmillan International Higher Education
ISBN: 1137339586
Size: 55.85 MB
Format: PDF, ePub, Mobi
Category : Social Science
Languages : en
Pages : 216
View: 3788

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Global Inequalities

by Robert J. Holton, release date 2014-11-20, Global Inequalities Books available in PDF, EPUB, Mobi Format. Download Global Inequalities books, What causes global inequality? Why should we be concerned about it? Is inequality getting worse or are there signs of improvement and progress? This critical analysis of the current state of global inequality pushes beyond ideological prejudice and simplistic explanations, to address these important questions. Offering a distinctive response to the many challenges in the area, the text presents a holistic account of inequality by: • taking a multidisciplinary approach, incorporating perspectives from sociology, politics and economics; • recognising the influence of historical trends on inequality today; • and viewing inequality from a global perspective, as well as a national one. Drawing on major theories of inequality and up-to-date evidence, Robert J. Holton guides readers through the complex issues at hand, making this text a valuable resource for students of sociology, global studies, politics and development studies.