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An unconventional perspective on contemporary economic inequality in America and its dangers for democracy, using comparisons with Russia, China and Germany.Since the economic liberalization wave that began in the late 1970s, inequality around the world has skyrocketed. In The Returns to Power, Thomas F. Remington examines the rise of extreme economic inequality in the United States since the late 1970s by drawing comparisons to the effects of market reforms in transition countries such as Russia, China, and Germany. Employing an unconventional comparative framework, he brings together the latest scholarship in economics and political science and draws on Russian, Chinese, and German-languag...
"Hope is a little-studied concept in economics, but it's a fundamental aspect of the economy. We know that hope is largely a positive trait that helps individuals manage life's challenges, and its role is particularly important in how we think about the disadvantaged. Distinct from aspirations, which are tied to a specific goal, hope is a deeper sentiment that drives behavior. But there are many unanswered questions. Is hope genetically determined and, as such, a lasting trait that is resistant to negative shocks? Or is it more malleable? Can we restore hope in populations where it has been lost? Can the lessons from optimistic and resilient populations be generalized to other populations? C...
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Demonstrates that finance is the driveshaft that links inequality to economic instability.
An Agenda for the Nation What are the biggest issues facing the country as Donald Trump and the GOP-led 115th Congress take office? Any new administration faces a myriad of issues and problems it must take on as it ascends to power. In this volume, Brookings scholars and others offer their solutions, from Ben Bernanke and Richard Bush to Richard Reeves and Dayna Matthew, from Bob Reischauer and Alice Rivlin to Robert Kagan and Elaine Kamarck, to Belle Sawhill, Doug Elmendorf, David Wessel, Bill Galston, and Carol Graham, as well as many others. These powerful essays engage and inform readers on a variety of timely, crucial issues that affect the present and the future of the United States. Much of the focus is on the threatened middle-class dream in America. On the domestic front, Brookings scholars tackle topics ranging from health care and jobs to economic opportunity and trade policy, to criminal justice and infrastructure. The alliance system, relationships with China and Mexico, nuclear weapons, terrorism, and the ongoing conflicts in Afghanistan, Syria, and Iraq are among the foreign policies issues addressed.
This book presents an overview of social problems and health problems that arose out of, or were flared up by, the global COVID-19 pandemic. It addresses most vital problems in developed and developing countries from literally around the world, by top country experts in their respective fields of study. The book debates first certain overall thematic topics and then analyzes a number of key country case studies. Apart from a set of key theme/problem-based chapters, the country case studies from major-hit countries in the world are yet another highlight of the book. They also feature, in addition to analyzing the pandemic and policy responses per se, one extra special focal point each. The bo...
As a young journalist at the Brazil Herald from 1979-81, Stephen G. Bloom spent his early professional years working in Rio’s seedy Lapa district, surrounded by fugitives, drug runners, pornographers, and stealth CIA agents. Bloom shares the wild story of this English-language newspaper in The Brazil Chronicles. The expat newspaper was a breeding ground for a different kind of storyteller — audacious risk-takers who told madcap tales of Amazon plantations, Confederate emigres, and lost Indian tribes. Several renown journalists cut their teeth at the Brazil Herald, including acclaimed New York Times correspondent Tad Szulc, Huffington Post CEO Eric Hippeau, and an untamed Gonzo reporter b...
The Declaration of Independence states that all people are endowed with certain unalienable rights, and that among these is the pursuit of happiness. But is happiness equally available to everyone in America today? How about elsewhere in the world? Carol Graham draws on cutting-edge research linking income inequality with well-being to show how the widening prosperity gap has led to rising inequality in people's beliefs, hopes, and aspirations. For the United States and other developed countries, the high costs of being poor are most evident not in material deprivation but rather in stress, insecurity, and lack of hope. The result is an optimism gap between rich and poor that, if left unchec...