The balance of the world economy is shifting away from the established economies of Europe, Japan, and the USA, towards the emerging economies of Asia, especially India and China. With contributions from some of the world's leading growth theorists, this book analyses the long-term process of structural change and productivity growth across the world from a unique comparative perspective. Ongoing research from the World KLEMS Initiative is used to comparatively study new sources of growth - including the role of investment in intangible assets, human capital, technology catch-up, and trade in global value chains. This book provides comparisons of industries and economies that are key to analysing the impacts of international trade and investment. This makes it an ideal read for academics and students interested in understanding current patterns of economic growth. It will also be of value to professionals with an interest in the drivers of economic growth and crisis.
The mineral-rich mountains of Tibet so far have been largely untouched by China’s growing economy. Nor has Beijing been able to settle Tibet with politically reliable peasant Chinese. That is all abou
Longlisted for the 2024 Financial Times Book of the Year. How life and the economy became a black box--a collection of systems no one understands, producing outcomes no one likes. Passengers get bumped from flights. Phone menus disconnect. Automated financial trades produce market collapse. Of all the challenges in modern life, some of the most vexing come from our relationships with automation: a large system does us wrong, and there's nothing we can do about it. The problem, economist Dan Davies shows, is accountability sinks: systems in which decisions are delegated to a complex rule book or set of standard procedures, making it impossible to identify the source of mistakes when they happen. In our increasingly unhuman world--lives dominated by algorithms, artificial intelligence, and large organizations--these accountability sinks produce more than just aggravation. They make life and economy unknowable--a black box for no reason. In The Unaccountability Machine, Davies lays bar
China is now the most powerful country on earth - its manufacturing underpins the world's economy; its military is growing at the fastest rate of any nation and its leader - Xi Jinping - is now to set
Between 1935 and 1985, Hong Kong's growth seemed unstoppable. The economy flourished despite wars, revolution and Western protectionism to emerge as a world-class manufacturing exporter and an interna
Nature's Economy is a wide-ranging investigation of ecology's past, first published in 1994. It traces the origins of the concept, discusses the thinkers who have shaped it, and shows how it in turn has shaped the modern perception of our place in nature. Our view of the living world is a product of culture, and the development of ecology since the eighteenth century has closely reflected society's changing concerns. Donald Worster focuses on these dramatic shifts in outlook and on the individuals whose work has expressed and influenced society's point of view. The book includes portraits of Linnaeus, Gilbert White, Darwin, Thoreau, and such key twentieth-century ecologists as Rachel Carson, Frederic Clements, Aldo Leopold, James Lovelock, and Eugene Odum.
An indispensable reference to the development of the Chinese economy—past, present, and future.—DALE W. JORGENSON, Samuel W. Morris University Professor, Harvard University Since China undertook economic reform and opened its economy to the world in the late 1970s, its economy has been growing at an average annual rate of over 9 percent for more than four decades. No other economy in recorded history has grown at such a high rate and for such a long period as China has done. The questions that naturally arise are: Was the Chinese economy a miracle? Or was it a mere bubble? Will the Chinese economy begin to stagnate like the Japanese economy did in the 1990s, and perhaps decline? Will it be able to escape the “middle-income trap”? If it is not a miracle, can the Chinese development experience be replicated elsewhere? This book provides a comprehensive and detailed discussion of the remarkable growth of the Chinese economy over the past decades, by scrutinising the sources of e
