Suchergebnisse

The precipitous rise in global and national economic inequality, which the inexorable force of globalization promised to address with affluence and abundance for all, has returned with a vengeance. The problem of worsening socioeconomic inequality and how best to ameliorate this pernicious resurgence occupies center stage of national and international politics. This study investigates the coexistence of high rates of economic growth and unparalleled prosperity (including a review of the decline in poverty levels in China and India and many other developing countries) with rises in income and wealth inequality in the United States, China, and India. This book examines the overall effectiveness of the measures taken by these three countries to address such anomalies, and what they should do to tackle the problem of widening inequality. This study breaks new ground by providing an original comparative analysis of the challenges facing the world's three major economies

The United States: why the trigger? -- The Bush and Obama administration's response -- From the American to the European crisis -- The Eurozone's sovereign debt crisis -- Russia: not an exceptional country -- China: from crisis management to rebalancing -- Japan, South Korea and India: impact and recovery -- The Middle-East amidst the global financial crisis -- The Great Recession and the world's poorest -- G-20 world: economic governance for the post-crisis world

The Asian financial crisis of 1997-98 shook the global economy. What began as a localized currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies, long considered "miracles", respond? This book provides answers to this and other questions

Challenging assumptions about the benefits of specific development practices, this book provides readers with overview of how competing frameworks have developed and the ways that specific development practices reflect specific understandings of the main debates, as well as offering a comprehensive historical overview of attempts to achieve economic development

The Asian financial crisis of 1997-98 shook the foundations of the global economy. What began as a localised currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies, long considered 'miracles', respond? How did the United States, Japan and other G-7 countries react to the crisis? What role did the IMF play? Why did China, which suffers from many of the same structural problems responsible for the crisis, remain conspicuously insulated from the turmoil raging in its midst? What explains Asia's remarkable recovery just three years after the crisis? In what fundamental ways did the Asian crisis serve as a catalyst to the current thinking about the 'new international financial architecture'? What lessons can be learnt from the crisis by other emerging economies? This book provides answers to all the above questions and more. It gives a comprehensive account of how the international economic order operates, examines its strengths and weaknesses, and what needs to be done to fix it. The book will be vital to students of economics, international political economy, Asian and development studies.

The Asian financial crisis of 1997-98 shook the global economy. What began as a localized currency crisis soon engulfed the entire Asian region. What went wrong and how did the Asian economies, long considered "miracles", respond? This book provides answers to this and other questions.

An assessment of Modi's economic policies ("Modinomics") shows that the gap between intentions and outcomes remains wide because Modinomics has been too cautious and contradictory to overcome the unusual structural challenges facing India's economy. Moreover, the contradictions of Modinomics, which privileges trade protectionism and selective financial-sector liberalization, limits the potential gains from deeper global economic integration. This article argues that deepening economic reforms, including integration into the global economy, can help mitigate the structural impediments facing the Indian economy.

Excerpts from Current History essays on major milestones, published two decades ago.

Jagdish Bhagwati and Arvind Panagariya, Why Growth Matters: How Economic Growth in India Reduced Poverty and the Lessons for Other Developing Countries. New York: Public Affairs, 2014, pp. 280, US$28.99. Jean Dreze and Amartya Sen, An Uncertain Glory: India and its Contradictions. Princeton: Princeton University Press, 2013, pp. 448, Paperback US$19.95, Hardcover US$29.95.