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This book vividly describes how China’s rise in the early 2000s led to rising profits and declining labor income everywhere, ultimately resulting in the global financial crisis. Under Deng Xiaoping’s policy of ‘reform and opening up’ in the 1980s, China quickly became the world’s factory floor...but powerful political leaders envisioned a world in which the market economy would be trapped within the confines of a planned economy. With China’s admission into the World Trade Organization in 2001, almost a billion people joined the global workforce, driving down the real wages of blue- and white-collar workers in the US and Europe while also lowering interest rates, which fueled housing bubbles and destabilized the financial sector. This book explores China’s significant influence on western economies by focusing on the links between the labor market, corporate profits, and interest rates, using Arthur Lewis's framework for economic growth with unlimited supplies of labor to argue that by 2010 the world economy – and political situations – had been set back almost one hundred years.
Annotation. Population economics is about your own life. Issues such as: optimal age at motherhood, career planning, birth timing, marriage and divorce are questions that every individual has to decide on. All these private decisions are both influenced by the economic situation and have economic consequences. Therefore economics of the family contributes both on the micro level for individuals making decisions and on the macro level for governments worrying for example about aging of the population. Because institutional arrangements differ between countries inter-county comparisons can explain behaviour. This title can be previewed in Google Books - http://books.google.com/books?vid=ISBN9789056295110.
Applies econometric methods to a variety of unusual and engaging research questions.
This volume is dedicated to the memory and the achievements of Professor Sir Clive Granger, economics Nobel laureate and one of the great econometricians and applied economists of the twentieth and early twenty-first centuries. It comprises contributions from leading econometricians and applied economists who knew Sir Clive and interacted with him over the years, and who wished to pay tribute to him as both a great economist and econometrician, and as a great man. This book was originally published as a special issue of Applied Financial Economics.
This latest Fifth Assessment Report of the Intergovernmental Panel on Climate Change (IPCC) will again form the standard reference for all those concerned with climate change and its consequences, including students, researchers and policy makers in environmental science, meteorology, climatology, biology, ecology, atmospheric chemistry and environmental policy.
This significant book addresses the most important legal issues that cities face when attempting to adapt to the changing climate. This includes how to become more resilient against the impacts of climate change such as sea level rise, increases in the intensity and frequency of storms, floods, droughts, and extreme temperatures.
Addressing one of the most pressing environmental issues, this topical book carefully inspects the current extent of the plastic pollution crisis and observes contemporary approaches to its regulation. By adopting a strong interdisciplinary approach, this book fully encapsulates the key challenges and solutions surrounding this globally applicable problem.
A history and critical assessment of leading indicators reveals their indelible impact on the economy, public policy, and other critical decisions, discussing their shortcomings while making suggestions for reducing dependence on them.
Climate change is one of today's most important issues, presenting an intellectual challenge to the natural and social sciences. While there has been progress in natural science understanding of climate change, social science research has not been as fully developed. This collection of essays breaks new theoretical and empirical ground by presenting climate change as a thoroughly social phenomenon, embedded in our institutions and cultural practices.
Behind productive and prosperous economies are independent central banks that implement effective monetary policies. This observation is especially valid for the G20, which comprises the world’s top twenty economies in terms of gross domestic product and the largest stakeholders of the global economic system. These economies include Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States, and the European Union. Three features of this book, which focuses on central banking and monetary policy in the G20, an intergovernmental platform, stand out: First...