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Addressing Inequality in South Asia
This book highlights that, because of the limited progressivity of tax systems in South Asia to address inequality, most of the public policy impact on inequality will be generated through the effect that expenditure policies have on opportunities and jobs.
Handbook of Emerging Economies
A major new volume in the Routledge International Handbooks series analysing emerging and newly emerged economies, including the BRICS countries (Brazil, Russia, India, China and South Africa) and other likely (Turkey, Indonesia, Mexico, and South Korea) as well as possible (Vietnam, The Philippines, Nigeria, Pakistan, Egypt, Colombia and Argentina) candidates for emerging economy status. Chapters on theories surrounding emerging markets (including the Beijing/Washington Consensus debate) offer an overview of current issues in development economics, in addition to providing an integrated framework for the country case studies. Written by experts, this handbook will be invaluable to academics and students of economics and emerging economies, as well as to business people and researchers seeking information on economic development and the accelerating pace of globalization.
The Structure of Derivatives Exchanges
February 1998 Derivatives exchanges can offer emerging market economies certain important benefits, including risk transfer, price discovery, and more public information. But they are not a substitute for reform of financial, capital, and commodity markets. Tsetsekos and Varangis examine the architecture, elements of market design, and products traded in derivatives exchanges around the world. The core function of a derivatives exchange is to facilitate the transfer of risk among economic agents by providing mechanisms to enhance liquidity and facilitate price discovery. They test the proposition that organizational arrangements necessary to perform this function are not the same across mark...
Development and the Next Generation
"The theme of The World Development Report 2007 is youth - young people between the ages of 12 to 24. As this population group seeks identity and independence, they make decisions that affect not only their own well-being, but that of others, and they do this in a rapidly changing demographic and socio-economic environment. Supporting young people's transition to adulthood poses important opportunities and risky challenges for development policy. Are education systems preparing young people to cope with the demands of changing economies? What kind of support do they get as they enter the labor market? Can they move freely to where the jobs are? What can be done to help them avoid serious consequences of risky behavior, such as death from HIV-AIDS and drug abuse? Can their creative energy be directed productively to support development thinking? The report will focus on crucial capabilities and transitions in a young person's life: learning for life and work, staying healthy, working, forming families, and exercising citizenship. For each, there are opportunities and risks; for all, policies and institutions matter."
The Great Recession and Developing Countries
The book provides one of the most detailed and comprehensive reviews of the growth experience of a group of low and middle income countries before and during the global crisis. It then explores their growth prospects after the recovery and how they may be shaped by the new global economic environment.
A Measured Approach to Ending Poverty and Boosting Shared Prosperity
In 2013, the World Bank Group adopted two new goals to guide its work: ending extreme poverty and boosting shared prosperity. More specifically, the goals are to reduce extreme poverty in the world to less than 3 percent by 2030, and to foster income growth of the bottom 40 percent of the population in each country. While poverty reduction has been a mainstay of the World Bank s mission for decades, the Bank has now set a specific goal and timetable, and for the first time, the Bank has explicitly included a goal linked to ensuring that growth is shared by all. The discussion until now has centered primarily on articulating the new goals. This report, the latest in World Bank s Policy Resear...
The Economics of Uniqueness
In a world where half of the population lives in cities and more than 90 percent of urban growth is occurring in the developing world, cities struggle to modernize without completely losing their unique character, which is embodied by their historic cores and cultural heritage assets. As countries develop, cultural heritage can provide a crucial element of continuity and stability: the past can become a foundation for the future. This book collects innovative research papers authored by leading scholars and practitioners in heritage economics, and presents the most current knowledge on how heritage assets can serve as drivers of local economic development. What this book tries to suggest is ...
South Asia Economic Focus
The South Asia Economic Focus is a biannual economic update presenting recent economic developments and a near term economic outlook for South Asia. It includes a Focus section presenting more in depth analysis of an economic topic of relevance for stability, growth and prosperity in the region as well as country briefs covering Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. It concludes with a data section providing key economic indicators for South Asia "at a glance". Overall, it aims at providing important background information and timely analysis of key indicators and economic and financial developments of relevance to World Bank Group operations and interaction with counterparts in the region, particularly during annual and spring meeting
Poverty and Public Celebrations in Rural India
The author examines the paradox of very poor households, spending large sums on celebrations. Using qualitative, and quantitative data from South India, the author demonstrates that spending on weddings, and festivals can be explained by integrating an anthropological understanding of how identity is shaped in Indian society, with an economic analysis of decision-making under conditions of extreme poverty, and risk. The author argues that publicly observable celebrations have two functions: they provide a space for maintaining social reputations, and webs of obligation, and, they serve as arenas for status-making competitions. The first role is central to maintaining the networks essential f...
