Grave New World

Author: Stephen D. King
Publisher: Yale University Press
ISBN: 9780300240078
Release Date: 2018-05-22
Genre: Business & Economics

A controversial look at the end of globalization and what it means for prosperity, peace, and the global economic order Globalization, long considered the best route to economic prosperity, is not inevitable. An approach built on the principles of free trade and, since the 1980s, open capital markets, is beginning to fracture. With disappointing growth rates across the Western world, nations are no longer willing to sacrifice national interests for global growth; nor are their leaders able—or willing—to sell the idea of pursuing a global agenda of prosperity to their citizens. Combining historical analysis with current affairs, economist Stephen D. King provides a provocative and engaging account of why globalization is being rejected, what a world ruled by rival states with conflicting aims might look like, and how the pursuit of nationalist agendas could result in a race to the bottom. King argues that a rejection of globalization and a return to “autarky” will risk economic and political conflict, and he uses lessons from history to gauge how best to avoid the worst possible outcomes.

When the Money Runs Out

Author: Stephen King
Publisher: Yale University Press
ISBN: 9780300236934
Release Date: 2018-04-04
Genre: Business & Economics

An eminent economist warns that Western nations' economic expectations for the future are way out of sync with the realities of economic stagnation and stringent steps will be required to avoid massive political and economic upheaval. "It is alarmingly difficult to disagree with Stephen King. All one can say, perhaps, is that one of the great errors of human nature--strongly displayed before the credit crunch--is the belief that a prevailing trend will continue indefinitely. The crunch is surely a reminder that what goes up must come down."--Charles Moore, Daily Telegraph "[King] is dabbling in the financial equivalent of the horror genre. Perhaps even scarier, his is the stuff of nonfiction."--Michael J. Casey, Wall Street Journal

From Global to Local

Author: Finbarr Livesey
Publisher: Pantheon
ISBN: 9781101871225
Release Date: 2017-09-19
Genre: Business & Economics

This brilliantly original book dismantles the underlying assumptions that drive the decisions made by companies and governments throughout the world, to show that our shared narrative of the global economy is deeply flawed. If left unexamined, they will lead corporations and countries astray, with dire consequences for us all. For the past fifty years or so, the global economy has been run on three big assumptions: that globalization will continue to spread, that trade is the engine of growth and development, and that economic power is moving from the West to the East. More recently, it has also been taken as a given that our interconnectedness—both physical and digital—will increase without limit. But what if all these ideas are wrong? What if everything is about to change? What if it has already begun to change but we just haven't noticed? Increased automation, the advent of additive manufacturing (3D printing, for example), and changes in shipping and environmental pressures, among other factors, are coming together to create a fast-changing global economic landscape in which the rules are being rewritten—at once a challenge and an opportunity for companies and countries alike.

Losing Control

Author: Stephen D. King
Publisher:
ISBN: NWU:35556040525206
Release Date: 2010
Genre: Business & Economics

Argues that the future will bring major redistribution of wealth and power around the world, which will result in social and political consequences in the United States and Europe, when the population that is accustomed to living in prosperity must stop living beyond their means.

India s Long Road

Author: Vijay Joshi
Publisher: Oxford University Press
ISBN: 9780190610135
Release Date: 2017-03-15
Genre:

India's economic resurgence has been the subject of many extravagant predictions and hopes. In this powerful and wide-ranging book, distinguished economist Vijay Joshi lays out a penetrating analysis of the shaky foundations of the country's performance, and charts the course that it should follow to achieve widely-shared prosperity. Joshi argues that for India to realize its huge potential, the relation between the state, the market, and the private sector must be comprehensively realigned. Deeper liberalization and more extensive privatisation will be necessary. But they will not suffice to achieve India's economic objectives. The state needs to perform much more effectively many core tasks that belong squarely in its domain. India needs more of the market as well as more of the state. The road India takes will matter not only for the lives of its billion-plus people but also for the course of global economics and politics. In the course of his enquiry, Joshi examines in depth all the critical areas of Indian development policy, including employment and the 'demographic bulge'; investment and productivity; the markets for goods, resources, and finance; macroeconomic stability; public sector banks and enterprises; the infrastructure deficit; social protection and safety nets; education and health care; environmental sustainability; international economic relations; state capacity and accountability; and corruption and crony capitalism. His design for radical reform incorporates a fiscally affordable scheme to provide a regular 'basic income' for all citizens that would speedily abolish extreme poverty. An authoritative work of tremendous scope and depth, India's Long Road will be an essential resource for anyone who wants to know where India is today, where it is headed, and what it should do to attain its ambitions.

The Fate of the West

Author: Bill Emmott
Publisher: Profile Books
ISBN: 9781782832997
Release Date: 2017-04-27
Genre: Political Science

When faced with global instability and economic uncertainty, it is tempting for states to react by closing borders, hoarding wealth and solidifying power. We have seen it at various times in Japan, France and Italy and now it is infecting much of Europe and America, as the vote for Brexit in the UK has vividly shown. This insularity, together with increased inequality of income and wealth, threatens the future role of the West as a font of stability, prosperity and security. Part of the problem is that the principles of liberal democracy upon which the success of the West has been built have been suborned, with special interest groups such as bankers accruing too much power and too great a share of the economic cake. So how is this threat to be countered? States such as Sweden in the 1990s, California at different times or Britain under Thatcher all halted stagnation by clearing away the powers of interest groups and restoring their societies' ability to evolve. To survive, the West needs to be porous, open and flexible. From reinventing welfare systems to redefining the working age, from reimagining education to embracing automation, Emmott lays out the changes the West must make to revive itself in the moment and avoid a deathly rigid future.

The Limits of the Market

Author: Paul De Grauwe
Publisher: Oxford University Press
ISBN: 9780198784289
Release Date: 2017-01-12
Genre: Business & Economics

The old discussion of 'Market or State' is obsolete. There will always have to be a mix of market and state. The only relevant question is what that mix should look like. How far do we have to let the market go its own way in order to create as much welfare as possible for everyone? What is the responsibility of the government in creating welfare? These are difficult questions. But they are also interesting questions and Paul De Grauwe analyses them in this book. The desired mix of market and state is anything but easy to bring about. It is a difficult and sometimes destructive process that is constantly in motion. There are periods in history in which the market gains in importance. During other periods the opposite occurs and government is more dominant. The turning points in this pendulum swing typically seem to coincide with disruptive events that test the limits of market and state. Why we experience this dynamic is an important theme in the book. Will the market, which today is afforded a greater and greater role due to globalization, run up against its limits? Or do the financial crisis and growing income inequality show that we have already reached those limits? Do we have to brace ourselves for a rejection of the capitalist system? Are we returning to an economy in which the government is running the show?

The Vanishing Middle Class

Author: Peter Temin
Publisher: MIT Press
ISBN: 9780262036160
Release Date: 2017-03-17
Genre: Business & Economics

Why the United States has developed an economy divided between rich and poor and how racism helped bring this about.

The Great Tradeoff

Author: Steven R. Weisman
Publisher: Peterson Institute for International Economics
ISBN: 9780881326963
Release Date: 2016-01-07
Genre: Political Science

The global financial and economic crisis that began in 2008 has blasted livelihoods, inspired protests, and toppled governments. It has also highlighted the profound moral concerns long surrounding globalization. Did materialist excess, doctrinaire embrace of free trade and capital flows, and indifference to economic injustice contribute to the disaster of the last decade? Was it ethical to bail out banks and governments while innocent people suffered? In this blend of economics, moral philosophy, history, and politics, Steven R. Weisman argues that the concepts of liberty, justice, virtue, and loyalty help to explain the passionate disagreements spawned by a globally integrated economy.

Theories of Imperialism

Author: Wolfgang J. Mommsen
Publisher: University of Chicago Press
ISBN: 0226533964
Release Date: 1980-01
Genre: History

"In recent years the discussion of imperialism has become so compartmentalized that it is difficult for somebody who is not directly involved to put the often polemical discussion and the various scientific and political positions forward into a relevant context. Mommsen's survey is an excellent guide."—German Studies, on the German edition. "Theories of Imperialism is the most succinct, fairest, and most sophisticated statement I have seen of the range of theories of imperialism. Each set of theorists is come at in their own terms, described fairly, and summarized fully. The book is objective, readable, and short."—Robin W. Winks, Yale University

After Piketty

Author: Heather Boushey
Publisher: Harvard University Press
ISBN: 9780674978171
Release Date: 2017-05-08
Genre: Business & Economics

Are Thomas Piketty’s analyses of inequality on target? Where should researchers go from here in exploring the ideas he pushed to the forefront of global conversation? In After Piketty, a cast of economists and other social scientists tackle these questions in dialogue with Piketty, in what is sure to be a much-debated book in its own right.

Unfinished Business

Author: Tamim Bayoumi
Publisher: Yale University Press
ISBN: 9780300225631
Release Date: 2017-09
Genre: Business & Economics

A penetrating critique tracing how under-regulated trading between European and U.S. banks led to the 2008 financial crisis--with a prescription for preventing another meltdown There have been numerous books examining the 2008 financial crisis from either a U.S. or European perspective. Tamim Bayoumi is the first to explain how the Euro crisis and U.S. housing crash were, in fact, parasitically intertwined. Starting in the 1980s, Bayoumi outlines the cumulative policy errors that undermined the stability of both the European and U.S. financial sectors, highlighting the catalytic role played by European mega banks that exploited lax regulation to expand into the U.S. market and financed unsustainable bubbles on both continents. U.S. banks increasingly sold sub-par loans to under-regulated European and U.S. shadow banks and, when the bubbles burst, the losses whipsawed back to the core of the European banking system. A much-needed, fresh look at the origins of the crisis, Bayoumi's analysis concludes that policy makers are ignorant of what still needs to be done both to complete the cleanup and to prevent future crises.

Cycles of Invention and Discovery

Author: Venkatesh Narayanamurti
Publisher: Harvard University Press
ISBN: 9780674974159
Release Date: 2016-10-24
Genre: Science

Using Nobel Prize–winning examples like the transistor, laser, and magnetic resonance imaging, Venky Narayanamurti and Tolu Odumosu explore the daily micro-practices of research and show that distinctions between the search for knowledge and creative problem solving break down when one pays attention to how pathbreaking research actually happens.

After Europe

Author: Ivan Krastev
Publisher: University of Pennsylvania Press
ISBN: 9780812249439
Release Date: 2017-05-08
Genre: Political Science

In this provocative book, renowned public intellectual Ivan Krastev reflects on the future of the European Union—and its potential lack of a future. With far-right nationalist parties on the rise across the continent and the United Kingdom planning for Brexit, the European Union is in disarray and plagued by doubts as never before. Krastev includes chapters devoted to Europe's major problems (especially the political destabilization sparked by the more than 1.3 million migrants from the Middle East, North Africa, and South Asia), the spread of right-wing populism (taking into account the election of Donald Trump in the United States), and the thorny issues facing member states on the eastern flank of the EU (including the threat posed by Vladimir Putin's Russia). He concludes by reflecting on the ominous political, economic, and geopolitical future that would await the continent if the Union itself begins to disintegrate.

Children of the New World

Author: Alexander Weinstein
Publisher: Macmillan
ISBN: 9781250098993
Release Date: 2016-09-13
Genre: Fiction

AN EXTRAORDINARILY RESONANT AND PROPHETIC COLLECTION OF SPECULATIVE SHORT FICTION FOR OUR TECH-SAVVY ERA BY DEBUT AUTHOR ALEXANDER WEINSTEIN Children of the New World introduces readers to a near-future world of social media implants, memory manufacturers, dangerously immersive virtual reality games, and alarmingly intuitive robots. Many of these characters live in a utopian future of instant connection and technological gratification that belies an unbridgeable human distance, while others inhabit a post-collapse landscape made primitive by disaster, which they must work to rebuild as we once did millennia ago. In “The Cartographers,” the main character works for a company that creates and sells virtual memories, while struggling to maintain a real-world relationship sabotaged by an addiction to his own creations. In “Saying Goodbye to Yang,” the robotic brother of an adopted Chinese child malfunctions, and only in his absence does the family realize how real a son he has become. Children of the New World grapples with our unease in this modern world and how our ever-growing dependence on new technologies has changed the shape of our society. Alexander Weinstein is a visionary new voice in speculative fiction for all of us who are fascinated by and terrified of what we might find on the horizon.