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This book brings together perspectives from economics, specifically minerals economics, to the management of global mining companies. It covers volatile price forecasting, cost analysis, investment decisions, and the social, environmental, and developmental impacts of mining.
Economic volatility has come into its own after being treated for decades as a secondary phenomenon in the business cycle literature. This evolution has been driven by the recognition that non-linearities, long buried by the economist's penchant for linearity, magnify the negative effects of volatility on long-run growth and inequality, especially in poor countries. This collection organizes empirical and policy results for economists and development policy practitioners into four parts: basic features, including the impact of volatility on growth and poverty; commodity price volatility; the financial sector's dual role as an absorber and amplifier of shocks; and the management and prevention of macroeconomic crises. The latter section includes a cross-country study, case studies on Argentina and Russia, and lessons from the debt default episodes of the 1980s and 1990s.
Partnership is of growing importance in development work. Partnerships among state, private business, and civil society organizations are increasingly used to deliver the goods and services required for balanced growth and poverty reduction. Aid activities have shifted from a project focus to a more strategic and holistic focus on programs, sectors, and policies. With this new orientation, partnerships are often essential to deal with the added complexity and the larger number of agencies, groups, and stakeholders involved.The Partnership Dimension takes on the issues in a series of chapters divided into two general parts: Part 1, "Foundations of Partnership and Their Evaluation," covers the...
Assessing development thinking from a multidisciplinary perspective, this work argues that Africa is undeveloped not in spite of globalization, but precisely because of globalization's saintly mission of unbridled liberalization and Euro-American teleology, which has reduced the African governing class to a body of abandonment-neurotics, co-conspirators in the First World's human and economic genocides. The work suggests subsequently that, provided Africans remain impervious to the anti-Asian agitation which is sweeping the Euro-American world today, they have invaluable lessons in standpoint development to learn from India's and China's experiences with liberalism as well as constructive alliances to establish with these emerging transitional nations.
Many prominent critics regard the international financial system as the dark side of globalization, threatening disadvantaged nations near and far. But in The Next Great Globalization, eminent economist Frederic Mishkin argues the opposite: that financial globalization today is essential for poor nations to become rich. Mishkin argues that an effectively managed financial globalization promises benefits on the scale of the hugely successful trade and information globalizations of the nineteenth and twentieth centuries. This financial revolution can lift developing nations out of squalor and increase the wealth and stability of emerging and industrialized nations alike. By presenting an unpre...
Why do some cartels fail and others succeed? This question has intrigued economists for a hundred years, and they have created an extensive body of theory to help explain cartel behaviour. This book looks at the experience of actual cartels and challenges their portrayal as found in the existing literature. The eleven chapters by leading researchers of industrial organization study real examples of industrial collusion. The authors investigate the formation, behaviour, activity and purpose of cartels, and illustrate the intricacies of collusive relationships. In the process they question the existing economic theory surrounding the operation of cartels, which in practice do not always adhere...
In a work of sweeping scope and luminous detail, Elizabeth Borgwardt describes how a cadre of World War II American planners inaugurated the ideas and institutions that underlie our modern international human rights regime. Borgwardt finds the key in the 1941 Atlantic Charter and its Anglo-American vision of “war and peace aims.” In attempting to globalize what U.S. planners heralded as domestic New Deal ideas about security, the ideology of the Atlantic Charter—buttressed by FDR’s “Four Freedoms” and the legacies of World War I—redefined human rights and America’s vision for the world. Three sets of international negotiations brought the Atlantic Charter blueprint to life—...
This paper reviews the current state of affairs and thinking on external risk management for developing countries. It tries to identify the reasons behind the limited risk management by sovereigns. Perverse incentives arising from a too generous international safety net, limited access to international financial markets by developing countries arising from low creditworthiness, a limited supply of financial risk management tools suited to developing countries, and a poor supply of skills have inhibited risk management. Another constraint has been the limited attention given to the strategic objectives for risk management. Going forward, the paper identifies actions by international financial markets, countries and international financial institutions that can help improve risk management.
Michael Fakhri uses the transnational history of sugar to tell the multilateral institutional history of trade law.