Finance And Development March 2017

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
Page : 60 pages
File Size : 52,5 Mb
Release : 2017-03-01
Category : Business & Economics
ISBN : 9781475577150

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Finance and Development, March 2017 by International Monetary Fund. External Relations Dept. Pdf

This paper reports about current mainstream growth projections for the United States and the European Union over the medium term represent a marked slowdown from growth rates in the decades prior to the global financial crisis. Slower growth in Europe and the United States has mixed implications for growth prospects in developing economies. Most obviously, on the negative side, it means less demand for these countries’ exports, so models of development based on export-led growth may need to be rethought. In contrast, for Western Europe the narrative is about catch-up growth rather than the rate of cutting-edge technological progress. From the middle of the 20th century to the recent global crisis, this experience comprised three distinct phases. European medium-term growth prospects depend both on how fast productivity grows in the United States and whether catch-up growth can resume after a long hiatus. Economic historians see social capability as a key determinant of success or failure in catch-up growth.

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
Page : 64 pages
File Size : 43,7 Mb
Release : 2017-06-01
Category : Business & Economics
ISBN : 9781475580334

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Finance and Development, June 2017 by International Monetary Fund. External Relations Dept. Pdf

Finance and Development, June 2017

Author : Peter Temin
Publisher : MIT Press
Page : 288 pages
File Size : 41,8 Mb
Release : 2018-03-09
Category : Business & Economics
ISBN : 9780262535298

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The Vanishing Middle Class, new epilogue by Peter Temin Pdf

Why the United States has developed an economy divided between rich and poor and how racism helped bring this about. The United States is becoming a nation of rich and poor, with few families in the middle. In this book, MIT economist Peter Temin offers an illuminating way to look at the vanishing middle class. Temin argues that American history and politics, particularly slavery and its aftermath, play an important part in the widening gap between rich and poor. Temin employs a well-known, simple model of a dual economy to examine the dynamics of the rich/poor divide in America, and outlines ways to work toward greater equality so that America will no longer have one economy for the rich and one for the poor. Many poorer Americans live in conditions resembling those of a developing country—substandard education, dilapidated housing, and few stable employment opportunities. And although almost half of black Americans are poor, most poor people are not black. Conservative white politicians still appeal to the racism of poor white voters to get support for policies that harm low-income people as a whole, casting recipients of social programs as the Other—black, Latino, not like "us." Politicians also use mass incarceration as a tool to keep black and Latino Americans from participating fully in society. Money goes to a vast entrenched prison system rather than to education. In the dual justice system, the rich pay fines and the poor go to jail.

Author : Joel Mokyr
Publisher : Princeton University Press
Page : 424 pages
File Size : 42,6 Mb
Release : 2018
Category : BUSINESS and ECONOMICS
ISBN : 9780691180960

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A Culture of Growth by Joel Mokyr Pdf

Why Enlightenment culture sparked the Industrial Revolution During the late eighteenth century, innovations in Europe triggered the Industrial Revolution and the sustained economic progress that spread across the globe. While much has been made of the details of the Industrial Revolution, what remains a mystery is why it took place at all. Why did this revolution begin in the West and not elsewhere, and why did it continue, leading to today's unprecedented prosperity? In this groundbreaking book, celebrated economic historian Joel Mokyr argues that a culture of growth specific to early modern Europe and the European Enlightenment laid the foundations for the scientific advances and pioneering inventions that would instigate explosive technological and economic development. Bringing together economics, the history of science and technology, and models of cultural evolution, Mokyr demonstrates that culture--the beliefs, values, and preferences in society that are capable of changing behavior--was a deciding factor in societal transformations. Mokyr looks at the period 1500-1700 to show that a politically fragmented Europe fostered a competitive "market for ideas" and a willingness to investigate the secrets of nature. At the same time, a transnational community of brilliant thinkers known as the "Republic of Letters" freely circulated and distributed ideas and writings. This political fragmentation and the supportive intellectual environment explain how the Industrial Revolution happened in Europe but not China, despite similar levels of technology and intellectual activity. In Europe, heterodox and creative thinkers could find sanctuary in other countries and spread their thinking across borders. In contrast, China's version of the Enlightenment remained controlled by the ruling elite. Combining ideas from economics and cultural evolution, A Culture of Growth provides startling reasons for why the foundations of our modern economy were laid in the mere two centuries between Columbus and Newton.

Author : Sebastian Mallaby
Publisher : Bloomsbury Publishing
Page : 833 pages
File Size : 55,6 Mb
Release : 2017-12-05
Category : Economists
ISBN : 9781408830956

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The Man Who Knew by Sebastian Mallaby Pdf

WINNER OF THE 2016 FT & McKINSEY BUSINESS BOOK OF THE YEAR AWARD, this is the biography of one of the titans of financial history over the last fifty years. Born in 1926, Alan Greenspan was raised in Manhattan by a single mother and immigrant grandparents during the Great Depression but by quiet force of intellect, rose to become a global financial 'maestro'. Appointed by Ronald Reagan to Chairman of the Federal Reserve, a post he held for eighteen years, he presided over an unprecedented period of stability and low inflation, was revered by economists, adored by investors and consulted by leaders from Beijing to Frankfurt. Both data-hound and eligible society bachelor, Greenspan was a man of contradictions. His great success was to prove the very idea he, an advocate of the Gold standard, doubted: that the discretionary judgements of a money-printing central bank could stabilise an economy. He resigned in 2006, having overseen tumultuous changes in the world's most powerful economy. Yet when the great crash happened only two years later many blamed him, even though he had warned early on of irrational exuberance in the market place. Sebastian Mallaby brilliantly shows the subtlety and complexity of Alan Greenspan's legacy. Full of beautifully rendered high-octane political infighting, hard hitting dialogue and stories, The Man Who Knew is superbly researched, enormously gripping and the story of the making of modern finance.

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
Page : 64 pages
File Size : 49,7 Mb
Release : 2017-09-05
Category : Business & Economics
ISBN : 9781484315996

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Finance and Development, September 2017 by International Monetary Fund. External Relations Dept. Pdf

Finance and Development, September 2017

Author : International Monetary Fund. External Relations Dept
Publisher : Unknown
Page : 0 pages
File Size : 45,5 Mb
Release : 2024-07-01
Category : Electronic
ISBN : OCLC:1322162122

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Finance and Development, December 2017 by International Monetary Fund. External Relations Dept Pdf

Author : International Monetary Fund. Communications Department
Publisher : International Monetary Fund
Page : 64 pages
File Size : 42,7 Mb
Release : 2018-03-12
Category : Business & Economics
ISBN : 9781484343418

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Finance & Development, March 2018 by International Monetary Fund. Communications Department Pdf

This issue focuses on recent experiences that holds lessons for when to tackle debt and when not to. Growth is picking up, and the IMF has been ratcheting up its forecasts. Government coffers are filling and, with more people at work, demand for public social support is receding. Research shows that the stimulatory effect of fiscal expansion is weak when the economy is close to capacity. Low-income economies may be at greatest risk. Traditionally, they borrowed from official creditors at below-market rates. Higher global rates could divert precious budget resources to debt servicing from crucial infrastructure projects and social services. Raising budget balances toward their medium-term targets can be achieved at little cost to economic activity. Growth-enhancing infrastructure investments and crucial social services such as health and education should be maintained. Well-designed fiscal policy can address inequality and stimulate growth.

Author : International Monetary Fund. Communications Department
Publisher : International Monetary Fund
Page : 64 pages
File Size : 53,9 Mb
Release : 2019-03-05
Category : Social Science
ISBN : 9781484398784

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Finance & Development, March 2019 by International Monetary Fund. Communications Department Pdf

This issue of Finance & Development discusses need of empowering women, which is critical for the world’s economy and people. Unequal or unfair treatment can marginalize women and hinder their participation as productive individuals contributing to society and the economy in invaluable ways. The rich tapestry of organizations and individuals who can make a difference to ensure women have equal opportunities; there is a crucial role for policymakers. They can use their positions to design policies that help women and girls’ access what they need for a fulfilling life—including education, health services, safe transportation, legal protection against harassment, finance, and flexible working arrangements. The IMF recommends these kinds of policy measures to its member countries—and works with many governments to examine how policies affect women. The IMF’s 189 member countries face many different challenges, but empowering women remains a common denominator and a global imperative for all those who care about fairness and diversity, but also productivity and growth of societies and economies that are more inclusive.

Author : Eswar S. Prasad
Publisher : Harvard University Press
Page : 497 pages
File Size : 48,9 Mb
Release : 2021-09-28
Category : Business & Economics
ISBN : 9780674258440

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The Future of Money by Eswar S. Prasad Pdf

A cutting-edge look at how accelerating financial change, from the end of cash to the rise of cryptocurrencies, will transform economies for better and worse. We think weÕve seen financial innovation. We bank from laptops and buy coffee with the wave of a phone. But these are minor miracles compared with the dizzying experiments now underway around the globe, as businesses and governments alike embrace the possibilities of new financial technologies. As Eswar Prasad explains, the world of finance is at the threshold of major disruption that will affect corporations, bankers, states, and indeed all of us. The transformation of money will fundamentally rewrite how ordinary people live. Above all, Prasad foresees the end of physical cash. The driving force wonÕt be phones or credit cards but rather central banks, spurred by the emergence of cryptocurrencies to develop their own, more stable digital currencies. Meanwhile, cryptocurrencies themselves will evolve unpredictably as global corporations like Facebook and Amazon join the game. The changes will be accompanied by snowballing innovations that are reshaping finance and have already begun to revolutionize how we invest, trade, insure, and manage risk. Prasad shows how these and other changes will redefine the very concept of money, unbundling its traditional functions as a unit of account, medium of exchange, and store of value. The promise lies in greater efficiency and flexibility, increased sensitivity to the needs of diverse consumers, and improved market access for the unbanked. The risk is instability, lack of accountability, and erosion of privacy. A lucid, visionary work, The Future of Money shows how to maximize the best and guard against the worst of what is to come.

Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
Page : 60 pages
File Size : 40,8 Mb
Release : 2017-11-30
Category : Business & Economics
ISBN : 9781484316207

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Finance & Development, December 2017 by International Monetary Fund. External Relations Dept. Pdf

This paper analyzes that although demands for political transformation commanded the world’s attention, those calls were largely motivated by unresolved socioeconomic issues. Demonstrators in the streets of Cairo and Tunis demanding bread, dignity, and social justice expressed widely held aspirations for basic economic rights, along with greater prosperity and equity. Almost seven years later, notable progress has been achieved in terms of public finance reforms. However, these reforms still have a long way to go to reduce disparities in the distribution of wealth within most countries of the region or narrow the development gaps between them. Countries in the Middle East and North Africa now face a stark choice between short-term retrenchment and resolute pursuit of the long-term reforms needed to secure their future economic prosperity. Forsaking important economic adjustments needed to strengthen inclusive growth and modernize the state and private sectors would set the region back, possibly for decades.

Author : OECD
Publisher : OECD Publishing
Page : 320 pages
File Size : 47,9 Mb
Release : 2017-10-17
Category : Electronic
ISBN : 9789264274501

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Development Co-operation Report 2017 Data for Development by OECD Pdf

With the 2030 Agenda for Sustainable Development the world now has the most ambitious development roadmap in history. Yet to make and measure progress on the 17 sustainable development goals, policy makers need more robust and detailed data and statistics. Developing countries, many of which ...

Author : Karl F Seidman
Publisher : SAGE
Page : 528 pages
File Size : 48,8 Mb
Release : 2005
Category : Business & Economics
ISBN : 0761927093

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Economic Development Finance by Karl F Seidman Pdf

"Economic Development Finance provides a foundation for students and professionals in the technical aspects of business and real estate finance and surveys the full range of policies, program models, and financing tools used in economic development practice within the United States."--Jacket.

Author : Tham Siew Yean
Publisher : Flipside Digital Content Company Inc.
Page : 281 pages
File Size : 52,6 Mb
Release : 2018-05-24
Category : Business & Economics
ISBN : 9789814786263

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Services Liberalization in ASEAN by Tham Siew Yean Pdf

The services sector plays an important role in ASEAN economies as it accounts for about half of the region's GDP and more than 45 per cent of its total employment. ASEAN aspires to deepen integration in the services sector in order to enhance the sector's contribution to economic development and growth in each country. Despite this, services liberalization has progressed slowly compared to goods liberalization both at the multilateral and the regional levels. Different regulatory mechanisms across countries have contributed to the slow pace of liberalization. Logistics is an important industry in the services sector. The integration of logistics is important for deepening economic integration in ASEAN as it facilitates the movement of goods, services and people within and across countries, among producers and from producers to consumers. In view of its importance, ASEAN has identified logistics as one of its priority integration sectors. It has also developed a Connectivity Master Plan and a Strategic Transport Plan, where logistics plays an important role. This book examines the current state of services liberalization in the ten ASEAN economies. It also assesses the FDI enabling environment and the extent of FDI liberalization in the logistics sector as well as the liberalization challenges encountered in each of the ASEAN economies. The book, thus, provides a comparative picture of services liberalization as well as the state of logistics liberalization and development in each of the ten ASEAN member countries. All these have important bearings on deepening ASEAN economic integration for 2025 and beyond.

Author : Ahmad, Ahmad H.,Llewellyn, David T.,Murinde, Victor
Publisher : Edward Elgar Publishing
Page : 352 pages
File Size : 40,9 Mb
Release : 2021-10-19
Category : Business & Economics
ISBN : 9781800376380

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Inclusive Financial Development by Ahmad, Ahmad H.,Llewellyn, David T.,Murinde, Victor Pdf

Inclusive Financial Development provides theoretical and empirical analyses of the nature of financial inclusion. The contributing authors explore the impediments to inclusion that exist around the world, the macro and stability implications, and the regulation dimension.