Drawing on the latest findings in institutional economics and political economy, this text offers a non-technical discussion of current thinking on these issues from the viewpoint of poor countries.
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"Why did VHS, an inferior video recorder technology, succeed in the marketplace, driving the superior Betamax out of business? Why do big-budget, acclaimed movies sometimes flop at the box office, while low-budget, idiosyncratic films become huge hits? The answers to these quest…
Piketty analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns and shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities. He argues, h…
The Economic Geography of the Tourist Industry explores how tourism is defined and examines whether or not tourism can be conceptualized as an industry. Detailed analyses of key sectors of the travel and tourism industry, such as tour operators, airlines and the hotel industry, …
"Greg Buckman argues that economic globalization has never been an inevitable part of human history. This is persuasively articulated in the first half of the book, where a comprehensible overview is provided of how globalization came about. Globalization is eminently reversible…
This is the worst global turndown since the Great Depression. But it is highly unlikely to be as bad. The years 1929-32 saw twelve successive quarters of economic contraction. If repeated, this would mean the economic slide will continue till mid-2011. But the present contractio…
Provides insight into the changes that are affecting politics, business and society itself. Business managers need to be aware of these changes in order to benefit from the opportunities that the future has to offer.
For years, the discipline of economics has been moving steadily away from the real world towards formalized axioms and mathematical models with only a precarious bearing on actuality. Commentators seek to fill the gap as best they can, but in the absence of real background schol…
Economists may suppose that low-wage work can result in correspondingly low productivity. The best solution to high unemployment and turnover and low productivity is to pay users of low-wage labor a subsidy for each unit of labor they use. Top economists examine the best ways to…
