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Financial Literacy and Ageing in Developing Economies
This book weaves together current understanding around financial literacy and ageing, arguing for the relevance of financial literacy for old age security. Building upon on the experiences of ten developing Asian economies with a focus on India, the book enters new territory by developing frameworks that identify predictors of financial literacy and a mechanism for its internalization, as well as recognising the need for specialized training programs for the older population in order to establish a link between financial literacy and old age security. It thus makes a case about the centrality of financial literacy in creating an environment conducive to a dignified ageing experience in this ...
SMEs and Economic Development in Africa
Small and medium-sized enterprises (SMEs) are a driving force of the global economy, contributing up to 50% of gross domestic product in some instances. They also contribute to economic development through various channels such as employment creation, economic growth and poverty reduction, key elements of the Sustainable Development Goals. Furthermore, in many economies the majority of jobs are provided by SMEs. However, despite their support of the economy, SMEs are prone to several binding constraints, such as access to finance and market entry, as well as exogenous shocks and crises, most recently the COVID-19 pandemic. Building on evidence from international experience, SMEs and Economic...
State, Market and Society in an Emerging Economy
The economic and social development that Bangladesh has achieved in the past two decades has made Bangladesh a development paradox. This book tries to explain this paradox through a political economy lens. The book explains the linkages between the state, changing society and emerging private sector, and examines whether the social transformation taking place in Bangladesh has the potential to live up to the expectations of a middle- income country. The early part of the book unravels the myriad relations between the state, society and market to project the aspirations of a newly independent nation. It analyzes how political turmoil, militarization of politics, politicization of institutions...
Finance for Sustainable Development in Africa
Although a number of selected African countries have made efforts to implement various financial sector reforms, many countries have not fully implemented the requisite reforms required for sustainable development. Instead, they have focused mainly on bank-based financial reforms, thereby neglecting market-based financial reforms. This study provides a one-stop shop for understanding the history and evolution of the financial sector in Africa with a special focus on the sub-Saharan region where the financial system in many countries is still at a relatively nascent stage. The analysis is extensive and robust, and starts from financial repression to financial liberalisation (both internal and...
Capital Structure, Equity Ownership and Corporate Performance
This book provides empirical insights into the relationship between capital and equity-ownership structure of Indian manufacturing companies and their financial performance. It discusses and analyses the basic theories and concepts associated with capital structure, debt financing, levered and unlevered firms, the various forms of ownership, agency problem and its kind and the exploitation of minority owners by the large and largest owners. The study employs a set of the most reliable and suitable econometric estimation techniques to draw meaningful inferences on the Indian manufacturing sector. The novelty of this book lies in three particular aspects: the depth and dimension with which the...
Applied Demography and Public Health in the 21st Century
This book demonstrates different statistical techniques for analyzing health-related data as well as providing new techniques for forecasting and/or projecting the incidence of diseases/disorders. It presents information on a variety of health related issues from the developed and developing world. Featuring cutting edge research from distinguished applied demographers and public health specialists, the book bridges the gap between theory and research. Each chapter provides methods and materials that can be used to conduct further research aimed at promoting public health issues. This book is intended for public health professionals, health policy makers, social epidemiologists, administrators, researchers, and students in the fields of applied demography and public health who are interested in exploring the potential of ground-breaking research or who want to further develop their existing research techniques. It complements another volume in the Applied Demography Series, Applied Demography and Public Health (Springer, 2013), which describes how applied demographic techniques can be used to help address public health issues.
Economic Growth in Middle-Income Countries
This book develops a theoretical framework unlike the conventional neoclassical paradigm for the analysis of growth and deploys analytical data to understand the main policy issues affecting developing countries, with particular attention to countries which, after having a spurt of growth, have been unable to maintain the momentum of their economies. One of the guiding ideas of the book is that each one of these countries has its own middle-income trap. The book focuses the discussion on growth and development around the specific characteristics of these countries and the constraints they face to achieve rapid growth. The book offers the building blocks for an integrated approach to developm...
Active Ageing and Labour Market Engagement
The book provides an interesting analysis of the time-use data to examine the extent to which active ageing is occurring in India. It also synthesizes data from the National Sample Survey Office All India Survey and another survey undertaken in Kolkata, Bhubaneswar, and Ranchi (capital cities of East Indian states) to examine the role of the aged in the Indian Society. Nearly all countries in the world are experiencing an important issue of ageing. India faces its own set of challenges with its aging population due to the absence of a social security system—the shifting family dynamics questions the contribution of the elderly to the family in every aspect. Econometric models have been used in the book to study gender differences and variations across socio-economic conditions, correlating them to the contribution of the aged to their families and the extent of active ageing. The book broadens the understanding on the aged and facilitates their integration in the society so that they can age more actively. Active Ageing and Labour Market Engagement offers an analytical perspective to professionals, researchers, and policy makers interested in gerontology.
Economics, Religion and Happiness
Most books on happiness are concerned with answering, in their diverse ways, a basic question: how should I live? Such books assume, however, that the path to happiness lies entirely within one’s control. Happiness is simply a matter of doing certain things and refraining from doing certain other things. This book, however, takes a different view. It is that happiness is not always within our control but, instead, prey to the attitudes and actions of others. Following Jean-Paul Sartre’s aphorism, “hell is other people”, the broad theme of this book is that “unhappiness is other people”. In the language of economics, “other” people, through their attitudes and actions, create ...
Migration, Food Security and Development
This book examines the role of migration as a livelihood strategy in influencing food access among rural households. Migration forms a key component of livelihoods for an increasing number of rural households in many developing countries. Importantly, there is now a growing consensus among academics and policymakers on the potential positive effects of migration in promoting human development. Concurrently, the significance of food security as an important development objective has grown tremendously, and the Sustainable Development Goals agenda envisages eliminating all forms of malnutrition. However, the academic and policy discussions on these two issues have largely proceeded in silos, with little attention devoted to the relationship they bear with each other. Using the conceptual frameworks of 'entitlements' and 'sustainable livelihoods', this book seeks to fill this gap in the context of India - country with the most food-insecure people in the world and where migration is integral to rural livelihoods.
