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Democracy and Growth in the Twenty-first Century
Is democracy still the best political regime for countries to adapt to economic and technological pressures and increase their level of prosperity? While the West seems to have stagnated in an environment of political mistrust, increasing inequality and low growth, the rise of the East has shown that it may not be liberal democracy that is best at accommodating the social mutations that technologies have triggered. The cases of China and Italy form the research focus as two extremes in growth performance. China is the star of globalisation in the East, while Italy is the laggard of globalisation in the West and a laboratory of creeping political meltdown now shared by other major Western economies. But is this forever? Introducing the ‘innovation paradox’ as the main challenge to the West and the notion of ‘knowledge democracy’ as key to sustainable growth, this book presents a new side to the debate on the Fourth Industrial Revolution (or fifth as the authors argue). It is a vital reading for all those questioning what kind of democracy positively impacts innovation as the force whose speed and direction transforms societies and economies.
Innovation, Democracy and Efficiency
Endogenous growth theory has significantly impacted most of the developing and developed countries, shifting priorities of industrial policies towards innovation. In line with this trend, the European Union significantly increased its budgetary allocation for R&D. However, statistical data show a weak correlation between R&D expenditure and the acceleration of economic growth. Regional innovation policies display divergent returns according to different institutional conditions and policy choices. Grillo and Nanetti attempt to understand the reasons that lie behind differences in performance. Their results show that better performing innovation strategies require the following factors: clear...
Democracy and Growth in the Twenty-first Century
Is democracy still the best political regime for countries to adapt to economic and technological pressures and increase their level of prosperity? While the West seems to have stagnated in an environment of political mistrust, increasing inequality and low growth, the rise of the East has shown that it may not be liberal democracy that is best at accommodating the social mutations that technologies have triggered. The cases of China and Italy form the research focus as two extremes in growth performance. China is the star of globalisation in the East, while Italy is the laggard of globalisation in the West and a laboratory of creeping political meltdown now shared by other major Western eco...
Crafting Progress
Who is Crafting Progress Nicholas Francis Robert Crafts CBE was a British economist who was known for his contributions to economic history, in particular on the Industrial Revolution. How you will benefit (I) Insights about the following: Chapter 1: Nicholas Crafts Chapter 2: Economic history Chapter 3: Industrialisation Chapter 4: Nicholas Stern, Baron Stern of Brentford Chapter 5: Economic history of India Chapter 6: Stephen Nickell Chapter 7: Charles Goodhart Chapter 8: Tim Besley Chapter 9: Joel Mokyr Chapter 10: John Moore (economist) Chapter 11: Frank Hahn Chapter 12: Michael John Wise Chapter 13: Terence Wilmot Hutchison Chapter 14: Charles Knickerbocker Harley Chapter 15: D. C. Coleman Chapter 16: Linda Yueh Chapter 17: Stephen Machin Chapter 18: Francesco Grillo Chapter 19: Tirthankar Roy Chapter 20: Department of Economics, University of Oxford Chapter 21: Brinley Thomas Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information about Crafting Progress.
Brokers of Public Trust
This magisterial new work brings fresh insight into the essential functions of early modern Roman society and the development of the modern state.
Governing Smart Specialisation
In recent years, smart specialisation has been a key building block of regional economic and development policy across the European Union. Providing targeted support for innovation and research, it has helped identify those areas of greatest strategic potential, developing mechanisms to involve the fullest range of stakeholders, before setting strategic priorities and using the policy to maximize the knowledge-based potential of a region or territory. Governing Smart Specialisation contributes to the emerging debate about the role of the ‘entrepreneurial discovery process’ (EDP), which is at the heart of smart specialisation strategies for regional economic transformation. Particular foc...
