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The Economic Contribution of Singapore Copyright Activities
The Economic Contribution of Singapore Copyright Activities

... This paper is prepared for “International Seminar on Intellectual Property and Development”, Geneva, May 2 and 3, 2005. It is a condensed version of a project report submitted to IP Academy Singapore in November 2004. In the duration of the project, Ms Chow was the Director and Mr. Leo Kah Mun and M ...
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... over the longer term. Revenga (1997) offers an early contrary view to the benefits of trade for aggregate employment. Based on plant-level data from Mexican manufacturers she argues that liberalized industries suffered a reduction in economic rents that was ultimately transmitted into lower employme ...
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... numbers of new jobs—on average, 18 million per year from 2010 to 2035—while ensuring those new workers are productive. Governments will need to strive to do this while confronting three important challenges: • First, fertility rates in many sub-Saharan African countries could remain higher for long ...
"Specialization, Economic Development and Aggregate Productivity Differences"
"Specialization, Economic Development and Aggregate Productivity Differences"

... answer this question we calibrate the model using parametric assumptions on the distribution of worker ability and observations on the distribution of wages in agriculture and nonagriculture in recent U.S. data. We show that the dispersion in ability for each sector is pinned down by the variances ...
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... these variables reduces the size of the EFW coefficient somewhat, but it remains sizable and statistically significant. The tropical location variable is negative and significant, and it adds substantially to the explanatory power. This is consistent with the view articulated by Sachs that a tropica ...
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D.C.A. Curtis. Monetary Policy Rules in Canada in the 1990s.

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Institutional Adjustment Planning for Full Employment

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Institutional Adjustment Planning for Full Employment

... workers, the infinitely elastic demand for labor must be created by government” (Minsky 1986, 308). As such, the government guarantees a real job opportunity for anyone ready, willing, and able to work at a fixed socially-established basic wage (plus benefits), thus exogenously setting the price of ...
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Transformation in economics



Transformation in economics refers to a long-term change in dominant economic activity in terms of prevailing relative engagement or employment of able individuals.Human economic systems undergo a number of deviations and departures from the ""normal"" state, trend or development. Among them are Disturbance (short-term disruption, temporary disorder), Perturbation (persistent or repeated divergence, predicament, decline or crisis), Deformation (damage, regime change, loss of self-sustainability, distortion), Transformation (long-term change, restructuring, conversion, new “normal”) and Renewal (rebirth, transmutation, corso-ricorso, renaissance, new beginning).Transformation is a unidirectional and irreversible change in dominant human economic activity (economic sector). Such change is driven by slower or faster continuous improvement in sector productivity growth rate. Productivity growth itself is fueled by advances in technology, inflow of useful innovations, accumulated practical knowledge and experience, levels of education, viability of institutions, quality of decision making and organized human effort. Individual sector transformations are the outcomes of human socio-economic evolution.Human economic activity has so far undergone at least four fundamental transformations:From nomadic hunting and gathering (H/G) to localized agricultureFrom localized agriculture (A) to internationalized industryFrom international industry (I) to global servicesFrom global services (S) to public sector (including government, welfare and unemployment, GWU)This evolution naturally proceeds from securing necessary food, through producing useful things, to providing helpful services, both private and public (See H/G→A→I→S→GWU sequence in Fig. 1). Accelerating productivity growth rates speed up the transformations, from millennia, through centuries, to decades of the recent era. It is this acceleration which makes transformation relevant economic category of today, more fundamental in its impact than any recession, crisis or depression. The evolution of four forms of capital (Indicated in Fig. 1) accompanies all economic transformations.Transformation is quite different from accompanying cyclical recessions and crises, despite the similarity of manifested phenomena (unemployment, technology shifts, socio-political discontent, bankruptcies, etc.). However, the tools and interventions used to combat crisis are clearly ineffective for coping with non-cyclical transformations. The problem is whether we face a mere crisis or a fundamental transformation (globalization→relocalization).
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