Results by title

A wide-reaching exploration of how technological advancements influence and shape productivity and economic growth.

Current technological developments in several industries, such as the rise of artificial intelligence and innovations associated with the green energy transition, are likely to have significant and wide-ranging effects. This volume explores the implications of rapid changes in advanced technology and considers how to conceptualize and model these advances and improve measures of productivity and economic growth. The study of these issues is facilitated both by new methods for using and integrating disparate data sources and by the availability of new data sources. The chapters in this volume leverage these developments to offer fresh insights into long-standing issues in productivity analysis and technological change.

Deforestation in the Amazon, one of today's top environmental concerns, began during a period of rapid colonization in the 1970s. Throughout that decade, Anna Luiza Ozorio de Almeida, a Stanford-trained economist, conducted a complex and massive economic study of what was going on in the Amazon, who was investing what, what was gained, and what it cost in all its aspects. The Colonization of the Amazon, the resulting work, brings together information on the physical, demographic, institutional, and economic dimensions of directed settlement in the Amazon Basin and raises significant questions about the gains and losses of the settlers, the reasons for these outcomes, and the economic rationale behind the devastation of the rainforest.

Particularly illuminating is Almeida's exploration of the role of the frontier in Brazil and her distinction between types of migrants and migrations. She concludes that the political costs avoided by not undertaking agrarian reform are being paid by devastating the Amazon, with the conflict between distribution and conservation steadily worsening. Today, it can no longer be circumvented.

Recent studies show that almost all industrial countries have experienced dramatic decreases in both fertility and mortality rates. This situation has led to aging societies with economies that suffer from both a decline in the working population and a rise in fiscal deficits linked to increased government spending. East Asia exemplifies these trends, and this volume offers an in-depth look at how long-term demographic transitions have taken shape there and how they have affected the economy in the region.

The Economic Consequences of Demographic Change in East Asia assembles a group of experts to explore such topics as comparative demographic change, population aging, the rising cost of health care, and specific policy concerns in individual countries. The volume provides an overview of economic growth in East Asia as well as more specific studies on Japan, Korea, China, and Hong Kong. Offering important insights into the causes and consequences of this transition, this book will benefit students, researchers, and policy makers focused on East Asia as well as anyone concerned with similar trends elsewhere in the world.

Globalisation has created an interconnected world, but has not diminished violence, militarism and inequality. The Economics of Killing describes how the power of global elites, entrenched under globalisation, has created a deadly cycle of violence.

In this groundbreaking work, Vijay Mehta shows how attempts at peaceful national development are routinely blocked by Western powers. He locates the 2008 financial crisis in US attempts to block China's model of development. He shows how Europe and the US conspire with regional dictators to prevent countries from developing advanced industries, and how this system has fed terrorism.

Mehta argues that a different world is possible, based on policies of disarmament, demilitarisation and sustainable development. This original and thought-provoking book will be of great interest to anyone concerned about the consequences of endless war fuelled by the West.

This book is a major contribution exploring the policy options available for developing and emerging economies in response to the global economic crises.

Written by a highly respected development economist, the book gives a clear-eyed account of the issues particular to these countries and critically evaluates different policy approaches, including reforms in financial, monetary and trade policies. Informed by deep scholarship as well as practical experience, Yilmaz Akyüz draws on empirical data, historical context and theoretical expertise, with special attention paid to issues such as the role of the International Monetary Fund and China.

The Financial Crisis and the Global South is a landmark book that will be of interest to practitioners, scholars, theorists and students of economics and development studies.

From the essential chronicler of the world economy, a portrait of the Great Powers in transition.

The world’s two great economic powers are on opposite trajectories. In the United States, decades of neoliberal policies produced a small class of rich elites and gutted the middle class. In China, the same global forces have created a massive new upper class. The result is the greatest reshuffling of global incomes since the Industrial Revolution—a dramatic shakeup of each country’s political order. As the two powers retreat from one another, the implications for their futures, and for the world economy, are uncertain.

In The Great Global Transformation, acclaimed economist Branko Milanovic draws on original research to chart how these seismic shifts will shape the next century of the global economy. As both the US and China retreat into protectionism, Milanovic shows how a new and multipolar world order will follow—and how rising nationalism will have dramatically different effects on the two countries. And he shows us the fight ahead: as plutocracy returns, global war threatens, and a new system silently shapes our nations, driving populist discontent to the breaking point.

A worthy successor to Capitalism, Alone and his other landmark works, Milanovic’s new book announces the arrival of a new era he terms “national market liberalism,” in which liberalism survives in domestic economies, but not necessarily in the social arena. The Great Global Transformation is Milanovic’s indispensable account of the new twenty-first century now underway.
 

A visionary program for national renewal, the Green New Deal aims to protect the earth’s climate while creating good jobs, reducing injustice, and eliminating poverty. Its core principle is to use the necessity for climate protection as a basis for realizing full employment and social justice.

Jeremy Brecher goes beyond the national headlines and introduces readers to the community, municipal, county, state, tribal, and industry efforts advancing the Green New Deal across the United States. Brecher illustrates how such programs from below do the valuable work of building constituencies and providing proofs of concept for new ideas and initiatives. Block by block, these activities have come together to form a Green New Deal built on a strong foundation of small-scale movements and grassroots energy.

A call for hope and a better tomorrow, The Green New Deal from Below offers a blueprint for reconstructing society on new principles to avoid catastrophic climate change.

Yun Wen uses the Huawei story as a microcosm to understand China's evolving digital economy and the global rise of the nation's corporate power. Rejecting the idea of the transnational corporation as a static institution, she explains Huawei's formation and restructuring as a historical process replete with contradictions and complex consequences. She places Huawei within the international political economic framework to capture the dynamics of power structure and social relations underlying corporate China's globalization. As she explores the contradictions of Huawei's development, she also shows the ICT firm's complicated interactions with other political-economic forces.

Comprehensive and timely, The Huawei Model offers an essential analysis of China's dynamic development of digital economy and the global technology powerhouse at its core.

The issues that dominate U.S.-Mexico border relations today—integration of economies, policing of boundaries, and the flow of workers from south to north and of capital from north to south—are not recent developments. In this insightful history of the state of Nuevo León, Juan Mora-Torres explores how these processes transformed northern Mexico into a region with distinct economic, political, social, and cultural features that set it apart from the interior of Mexico.

Mora-Torres argues that the years between the establishment of the U.S.-Mexico boundary in 1848 and the outbreak of the Mexican Revolution in 1910 constitute a critical period in Mexican history. The processes of state-building, emergent capitalism, and growing linkages to the United States transformed localities and identities and shaped class formations and struggles in Nuevo León. Monterrey emerged as the leading industrial center and home of the most powerful business elite, while the countryside deteriorated economically, politically, and demographically. By 1910, Mora-Torres concludes, the border states had already assumed much of their modern character: an advanced capitalist economy, some of Mexico's most powerful business groups, and a labor market dependent on massive migrations from central Mexico.

The sufferings of “ordinary” people under harsh economic conditions can eventually lead to the fall of governments. Given this fact, it becomes important to know how “ordinary” people live—what privations they suffer and what strategies they use to survive in times of economic crisis. The Mexican Urban Household provides this information for Mexico near the end of the twentieth century.

Mexico is now a predominantly urban nation, and this study is the definitive work on the strategies of self-defense of its urban households. It is based on surveys of nearly 10,000 households, conducted during twenty years of field work in five very different cities, with the help of a staff of more than twenty Mexican social scientists, engineers, architects, and social workers.

Far from being a compilation of undigested statistics, however, The Mexican Urban Household uses its rich data to vividly reveal how Mexican families use their every resource to defend themselves against a political and economic system that overwhelms and exploits them. It describes how families band together, sometimes with three generations in one small house, to minimize expenses and pool resources. It explores the limited range of available jobs, from secure but scarce bureaucratic positions to more common and less reliable jobs in blue-collar industries and the informal economy. And, most important, it traces the high cost to families, particularly to women, of the endless struggle to make ends meet.

These important findings outline the dimensions of the economic crisis for ordinary Mexicans. It will be crucial reading not only for everyone interested in the future of Mexico but also for students of development throughout the Third World.

Any student, academic or practitioner wanting to succeed in development studies, radical or mainstream, must understand the World Bank's role and the evolution of its thinking and activities. The Political Economy of Development provides tools for gaining this understanding and applies them across a range of topics.

The research, practice and scholarship of development are always set against the backdrop of the World Bank, whose formidable presence shapes both development practice and thinking. This book brings together academics that specialise in different subject areas of development and reviews their findings in the context of the World Bank as knowledge bank, policy-maker and financial institution. The volume offers a compelling contribution to our understanding of development studies and of development itself.

The Political Economy of Development is an invaluable critical resource for students, policy-makers and activists in development studies.

Jude L. Fernando explores the paradoxical relationship between NGOs and capitalism, showing that supposedly progressive organisations often promote essentially the same policies and ideas as existing governments.

The book examines how a diverse group of NGOs have shaped state formation in Bangladesh and Sri Lanka. It argues that, rather than influencing state formation for the better, NGOs have been integrated into the capitalist system and their language adopted to give traditional exploitative social relations a transformative appearance.

This enlightening study will give pause to those who see NGOs as drivers of true social change and will encourage students of development studies to make a deeper analysis of state formation.

Despite gloomy prophecies, democracy and the market economy seem to be taking root throughout Central and Eastern Europe, although set against a background of a recession deeper and longer than that of the Great Depression. How is this possible? Why did Eastern Europeans protest less about the brutal social consequences of systemic change than the people of Latin America a decade earlier? Why has the region-wide authoritarian or populist turnabout not occurred? Why has democracy in these countries proved to be crisis-proof? In what ways has economic crisis impacted on the politics of the region?

In addressing these questions, Béla Greskovits uses a comparative analysis of the structures, institutions, cultures, and actors shaping both the Eastern European and the Latin American transformations. He argues that structural, institutional, and cultural factors have put a brake on destabilizing collective actions and have paved the way for the emergence of the enduring, low-level equilibrium between incomplete democracy and imperfect market economy which seems set to characterize the Central and Eastern European experience for the foreseeable future.

Capitalist growth is widely heralded as the only answer to the crisis still sweeping the global economy. Yet the era of corporate globalisation has been defined by unprecedented levels of inequality and environmental degradation. A return to capitalist growth threatens to exacerbate these problems, not solve them.

In The Poverty of Capitalism, John Hilary reveals the true face of transnational capital in its insatiable drive for expansion and accumulation. He exposes the myth of ‘corporate social responsibility’ (CSR), and highlights key areas of conflict over natural resources, labour rights and food sovereignty.

Hilary also describes the growing popular resistance to corporate power, as well as the new social movements seeking to develop alternatives to capitalism itself. This book will be essential reading for all those concerned with global justice, human rights and equity in the world order.

The economic case for self-interest at the outer limits of being morally good.

Modern life is an exercise in discomfort. In the face of endless injustice, how much selfishness is permissible? How do we square suffering elsewhere with our hope to thrive at home? How does one strive for the greater good while guarding one's personal interests? The Price of Our Values argues that the answers to these questions are economic: by weighing our sense of the personal costs associated with the outer limits of our moral beliefs.

These tradeoffs—the want to be good, the personal costs of being good, and the points at which people abandon goodness due to its costs—are somewhat unsettling. But as economists Augustin Landier and David Thesmar show, they are highly predictable, even justified. Our values guide us, but we are also forced to consider economic costs to settle decisions.

The Price of Our Values is an economic reckoning with the universal unease of contemporary moral life. Wielding insights from the philosophical founders of the field, Landier and Thesmar provide frameworks for thinking about the place of values—justice, freedom, beauty— in the decisions of modern life. They do so in terms that seek to be consistent with both our good intentions and their limits.

The latest volume in the Urban Agenda series looks at pressing infrastructure issues discussed at the 2017 UIC Urban Forum. Topics include: competing notions of the infrastructure ideal; what previous large infrastructure programs can teach the Trump Administration; how infrastructure influences city design; the architecture of the cities of tomorrow; who benefits from infrastructure improvements; and evaluations of projects like the Chicago Riverwalk and grassroots efforts to reclaim neighborhood parks from gangs.

Contributors: Philip Ashton, Beverly S. Bunch, Bill Burton, Charles Hoch, Sean Lally, and Sanjeev Vidyarthi