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Fiscal policy in Latin America has been guided primarily by short-term liquidity targets whose observance was taken as the main exponent of fiscal prudence, with attention focused almost exclusively on the levels of public debt and the cash deficit. Very little attention was paid to the effects of fiscal policy on growth and on macroeconomic volatility over the cycle. Important issues such as the composition of public expenditures (and its effects on growth), the ability of fiscal policy to stabilize cyclical fluctuations, and the currency composition of public debt were largely neglected. As a result, fiscal policy has often amplified cyclical volatility and dampened growth. 'Fiscal Policy, Stabilization, and Growth' explores the conduct of fiscal policy in Latin America and its consequences for macroeconomic stability and long-term growth. In particular, the book highlights the procyclical and anti-investment biases embedded in the region's fiscal policies, explores their causes and macroeconomic consequences, and asesses their possible solutions.
A fundamental shift is underway that will change how we conceive of value. In an era of increasing interconnectedness, individuals, as opposed to institutions, stand at the center of value creation. To adapt to this tectonic shift, organizations can no longer unilaterally devise products and services. They must engage stakeholders—from customers and employees to suppliers, partners, and citizens at large—as co-creators. Co-creation guru Venkat Ramaswamy and Kerimcan Ozcan call for enterprises to be mindful of lived experiences, to build engagement platforms and management systems that are designed for creative collaboration, and to develop "win more-win more" strategies that enhance our wealth, welfare, and, well-being. Richly illustrated with examples of co-creation in action, The Co-Creation Paradigm provides a blueprint for the co-creative enterprise, economy, and society, while presenting a conceptual framework that will guide organizations across sectors in adopting this transformational approach. Challenging some of our most deeply held ideas about business and value, this book outlines the future of "business as usual."
Pride and Prejudice goes Hollywood in this winning romantic comedy inspired by Jane Austen’s classic. In her teen fiction debut, the author of Knitting Under the Influence goes back to high school for a tale of sisters, misinformation, and star-crossed love. Will Elise’s love life be an epic win or an epic fail? At Coral Tree Prep in Los Angeles, who your parents are can make or break you. Case in point: As the son of Hollywood royalty, Derek Edwards is pretty much prince of the school—not that he deigns to acknowledge many of his loyal subjects. As the daughter of the new principal, Elise Benton isn’t exactly on everyone’s must-sit-next-to-at-lunch list. When Elise’s beautiful sister catches the eye of the prince’s best friend, Elise gets to spend a lot of time with Derek, making her the envy of every girl on campus. Except she refuses to fall for any of his rare smiles and instead warms up to his enemy, the surprisingly charming social outcast Webster Grant. But in this hilarious tale of fitting in and flirting, not all snubs are undeserved, not all celebrity brats are bratty, and pride and prejudice can get in the way of true love for only so long.
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Two of the world's leading economists discuss fundamental issues of inequality and economic growth.
"Proceedings of a World Bank conference."--T.p.
This paper empirically assesses the impact of oil price shocks on the underlying non-oil economic cycle in oil-exporting countries. Panel VAR analysis and the associated impulse responses indicate that in countries where the oil sector is large in relation to the economy, oil price changes affect the economic cycle only through their impact on fiscal policy. Once fiscal policy changes are removed, oil price shocks do not have a significant independent effect on the economic cycle.
Marginalized Communities and Access to Justice is a comparative study, by leading researchers in the field of law and justice, of the imperatives and constraints of access to justice among a number of marginalized communities. A central feature of the rule of law is the equality of all before the law. As part of this equality, all persons have the right to the protection of their rights by the state, particularly the judiciary. Therefore equal access to the courts and other organs of the state concerned with the enforcement of the law is central. These studies – undertaken by internationally renowned scholars and practitioners – examine the role of courts and similar bodies in administer...