Varieties of Capitalism in Light of the Euro Crisis
... confirms that these political economies are especially reliant on exports. Mediterranean Market Economies and Other Growth Models Among the countries of the new monetary union, however, were some with different varieties of capitalism (Pontusson 2005b; Amable 2003). These include the Mediterranean m ...
... confirms that these political economies are especially reliant on exports. Mediterranean Market Economies and Other Growth Models Among the countries of the new monetary union, however, were some with different varieties of capitalism (Pontusson 2005b; Amable 2003). These include the Mediterranean m ...
Contents, Explanatory notes, Abbreviations and Overview
... Making the primary and tertiary sectors work for structural transformation............................. 83 1. The role of the primary sector in structural change.......................................................................... 83 2. Making commodity export revenues work for structural tra ...
... Making the primary and tertiary sectors work for structural transformation............................. 83 1. The role of the primary sector in structural change.......................................................................... 83 2. Making commodity export revenues work for structural tra ...
Institutions and Entrepreneurship in Transition
... Weak ‘higher order institutions’ (lack of rule of law and weak property rights) created opportunities for entrepreneurial gains perceived as illegitimate in some TE as widespread corruption and weak property rights drove entrepreneurship ...
... Weak ‘higher order institutions’ (lack of rule of law and weak property rights) created opportunities for entrepreneurial gains perceived as illegitimate in some TE as widespread corruption and weak property rights drove entrepreneurship ...
The Theory of Monetary Degradation as the Development of Post
... below the definition of monetary economy itself). Such case can take place during the transition from planned economy to the market one (or during other big systemic transformations), when rupture in institutional system appears (ñinstitutional hiatusò, see Kozul-Wright and Rayment, 1997) and/or ñr ...
... below the definition of monetary economy itself). Such case can take place during the transition from planned economy to the market one (or during other big systemic transformations), when rupture in institutional system appears (ñinstitutional hiatusò, see Kozul-Wright and Rayment, 1997) and/or ñr ...
Presentation for conference on Non-China Developing Asia?
... after the financial crisis, the desire to rebuild foreign exchange reserves was another reason why authorities in the region intervened in foreign exchange markets to purchase dollars, but this motive has likely diminished in importance as reserves have become very substantial). Once domestic deman ...
... after the financial crisis, the desire to rebuild foreign exchange reserves was another reason why authorities in the region intervened in foreign exchange markets to purchase dollars, but this motive has likely diminished in importance as reserves have become very substantial). Once domestic deman ...
Stocks in emerging markets tend to move in the same direction while
... his realignment of stock prices and, more importantly, the redirection of capital flows that it causes, are thought to underlie the growth and prosperity of modern free market economies. An economy that invests capital in poorly run or ill-conceived enterprises cannot provide as high a standard of l ...
... his realignment of stock prices and, more importantly, the redirection of capital flows that it causes, are thought to underlie the growth and prosperity of modern free market economies. An economy that invests capital in poorly run or ill-conceived enterprises cannot provide as high a standard of l ...
Document
... If real domestic interest rates are much below world levels, the removal of capital controls will lead to capital outflows and balance-of-payments crisis. Avoidance of immiserizing external borrowing. If domestic financial system is repressed, any resulting capital inflows may be misallocated. ...
... If real domestic interest rates are much below world levels, the removal of capital controls will lead to capital outflows and balance-of-payments crisis. Avoidance of immiserizing external borrowing. If domestic financial system is repressed, any resulting capital inflows may be misallocated. ...
Interim Economic Outlook
... sustainable. Demand is being supported by very expansionary fiscal policy, including via policy banks, which in turn is boosting private investment and trade. Producer price inflation has picked up strongly, but consumer price inflation remains low. Higher commodity prices and easing inflation are s ...
... sustainable. Demand is being supported by very expansionary fiscal policy, including via policy banks, which in turn is boosting private investment and trade. Producer price inflation has picked up strongly, but consumer price inflation remains low. Higher commodity prices and easing inflation are s ...
EXECUTIVE SUMMARY
... In the Pacific subregion, overall economic growth in 2015 was driven largely by elevated production of liquefied natural gas in Papua New Guinea, which accounts for 60% of output in Pacific island developing economies. This situation, however, masks much slower economic expansions and even contracti ...
... In the Pacific subregion, overall economic growth in 2015 was driven largely by elevated production of liquefied natural gas in Papua New Guinea, which accounts for 60% of output in Pacific island developing economies. This situation, however, masks much slower economic expansions and even contracti ...
What is the economic outlook for OECD countries
... Underpinnings and status of the interim forecast Since March 2003, the OECD has presented a brief overview of the near-term prospects in the major OECD economies between each issue of the Economic Outlook. This interim assessment should not be seen as a full update of the biannual Economic Outlook ...
... Underpinnings and status of the interim forecast Since March 2003, the OECD has presented a brief overview of the near-term prospects in the major OECD economies between each issue of the Economic Outlook. This interim assessment should not be seen as a full update of the biannual Economic Outlook ...
2. I E D nternational
... recovery of the global economy, the headline commodity price index picked up slightly during the second half of the year. As indicated by the inflation developments in the fourth quarter, advanced economies saw an inflation uptick in line with the rising economic activity. Similarly, inflation trend ...
... recovery of the global economy, the headline commodity price index picked up slightly during the second half of the year. As indicated by the inflation developments in the fourth quarter, advanced economies saw an inflation uptick in line with the rising economic activity. Similarly, inflation trend ...
Rethinking macroeconomic policies for development Deepak NayyaR
... forced to cut back sharply on borrowing at low interest rates from the central bank so as to reduce monetary expansion. For another, financial deregulation means that governments have to borrow at a significantly higher cost, from the commercial bank system and the domestic capital market, as intere ...
... forced to cut back sharply on borrowing at low interest rates from the central bank so as to reduce monetary expansion. For another, financial deregulation means that governments have to borrow at a significantly higher cost, from the commercial bank system and the domestic capital market, as intere ...
25 Years of Transition: Post-Communist Europe and the IMF
... pull that helped policymakers justify and implement difficult reform steps. As reform fatigue brought down governments and new ones took their place, the litmus test for any new policy was "will it lead us back to Europe?" a test that foreclosed much undesirable experimentation. External support. De ...
... pull that helped policymakers justify and implement difficult reform steps. As reform fatigue brought down governments and new ones took their place, the litmus test for any new policy was "will it lead us back to Europe?" a test that foreclosed much undesirable experimentation. External support. De ...
Understanding Economic Development and Institutional
... property and encouraged foreign direct investment. In December 1989, the last Yugoslav government launched a bold macroeconomic stabilization programme based on the ‘shock therapy’ (the first of this kind),4 together with a privatization law aimed at changing the property regime in the bulk of the e ...
... property and encouraged foreign direct investment. In December 1989, the last Yugoslav government launched a bold macroeconomic stabilization programme based on the ‘shock therapy’ (the first of this kind),4 together with a privatization law aimed at changing the property regime in the bulk of the e ...
Document
... the re-positioning of states in the international system as well as the restructuring and reorientation of state agencies at home. Nonetheless the 'hollowing out' of the national state thereby generated typically acquires a marked regional dimension as state apparatuses at different levels seek to m ...
... the re-positioning of states in the international system as well as the restructuring and reorientation of state agencies at home. Nonetheless the 'hollowing out' of the national state thereby generated typically acquires a marked regional dimension as state apparatuses at different levels seek to m ...
Slide 1
... Many unrecorded activities may not require large amounts of electricity and may use other energy sources Efficiency of energy use may change over time due to technical progress, changes in industrial structure and changes in energy prices Johnson et.al. compensate for this by assuming different elas ...
... Many unrecorded activities may not require large amounts of electricity and may use other energy sources Efficiency of energy use may change over time due to technical progress, changes in industrial structure and changes in energy prices Johnson et.al. compensate for this by assuming different elas ...
Developing countries in the process of economic
... Nearly 80 (60) per cent of total exports (imports) of the set of developing countries covered in Table 3 account for this group of countries. The extent to which Latin American NIEs such as Brazil and Mexico will benefit from the globalisation of production and markets will critically depend on thei ...
... Nearly 80 (60) per cent of total exports (imports) of the set of developing countries covered in Table 3 account for this group of countries. The extent to which Latin American NIEs such as Brazil and Mexico will benefit from the globalisation of production and markets will critically depend on thei ...
Transitional Economies of Europe and
... In order to evaluate our thesis, we will need to determine the level of success each country had with regard to economic transition. By analyzing the quantitative elements of an economic system, mainly economic growth and stability, we will be able to roughly assess how well each country and its eco ...
... In order to evaluate our thesis, we will need to determine the level of success each country had with regard to economic transition. By analyzing the quantitative elements of an economic system, mainly economic growth and stability, we will be able to roughly assess how well each country and its eco ...
Where the Law of the Invisible Hand fails
... developed in two distinct directions. One, the role of the individual actor, elevating ‘agency’ and ‘practice’ to central concerns of archaeological research. The second approach, the ‘Archaeological Political Economy’, is one that recognises the existence of variability in the relationship between ...
... developed in two distinct directions. One, the role of the individual actor, elevating ‘agency’ and ‘practice’ to central concerns of archaeological research. The second approach, the ‘Archaeological Political Economy’, is one that recognises the existence of variability in the relationship between ...
The United States and Europe Short-Run Divergence and
... of China, low consumption as a share of GDP. This model for growth is certainly not replicable by all countries. It may also be unsustainable for these countries themselves, particularly in a world with weak global demand. When global central banks are struggling to lift growth and inflation, aggreg ...
... of China, low consumption as a share of GDP. This model for growth is certainly not replicable by all countries. It may also be unsustainable for these countries themselves, particularly in a world with weak global demand. When global central banks are struggling to lift growth and inflation, aggreg ...
Document
... The other face of Janus is the heavy hand of the EU’s common external tariff and product and labor market regulations. In particular, the acquis communautaires have added to the regulatory burden of enterprises and possibly made convergence of the poorer nations more difficult. While the return to E ...
... The other face of Janus is the heavy hand of the EU’s common external tariff and product and labor market regulations. In particular, the acquis communautaires have added to the regulatory burden of enterprises and possibly made convergence of the poorer nations more difficult. While the return to E ...
Will China and India conquer the world? Essay: We
... power of a burgeoning middle class, combined with large government reserves, ready to be spent to prop up flagging demand from elsewhere, that characterise the largest emerging economies. The potential fallout that a slow-down in the developed world will have in the emerging economies in the coming ...
... power of a burgeoning middle class, combined with large government reserves, ready to be spent to prop up flagging demand from elsewhere, that characterise the largest emerging economies. The potential fallout that a slow-down in the developed world will have in the emerging economies in the coming ...
Transforming Competitiveness in European Transition Economies: The Role of Foreign Direct Investment
... The investment ratio, measured as gross fixed capital formation and expressed as a percentage of GDP, was relatively high in all transition economies. Investment rates varied between 23 (Croatia) and 32 percent (Slovakia) in the 1990-2000 period. This was higher than the rates in Latin America in th ...
... The investment ratio, measured as gross fixed capital formation and expressed as a percentage of GDP, was relatively high in all transition economies. Investment rates varied between 23 (Croatia) and 32 percent (Slovakia) in the 1990-2000 period. This was higher than the rates in Latin America in th ...
Globalisation and Inflation
... some goods and services more cheaply than they can be produced at home – it is similar to discovering a new and more efficient technology. So the purchasing power of unskilled workers’ wages may rise, even though their wages relative to those of skilled labour may have fallen. And it is even possibl ...
... some goods and services more cheaply than they can be produced at home – it is similar to discovering a new and more efficient technology. So the purchasing power of unskilled workers’ wages may rise, even though their wages relative to those of skilled labour may have fallen. And it is even possibl ...
The Realities of Modern Hyperinflation
... economies succumbed to hyperinflation. Austria, Germany, Hungary, Poland, and Russia all racked up enormous price increases, with Germany recording an astronomical 3.25 million percent in a single month in 1923. But, since the 1950s, hyperinflation has been confined to the developing world and the t ...
... economies succumbed to hyperinflation. Austria, Germany, Hungary, Poland, and Russia all racked up enormous price increases, with Germany recording an astronomical 3.25 million percent in a single month in 1923. But, since the 1950s, hyperinflation has been confined to the developing world and the t ...