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Transformation Of Economy As A Real Process
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Book Synopsis Transformation of Economy as a Real Process by : Daniel Daianu
Download or read book Transformation of Economy as a Real Process written by Daniel Daianu and published by Routledge. This book was released on 2018-12-07 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1998, this volume is a contribution to the economic analysis of post-communist transformation in an evolutionary-institutionalist approach. The author shows convincingly the role of path dependency, of the ways history matters for the success of otherwise sound policies, and highlights structural hindrances to fast and successful transformation. Thence emerges the key concept of strain. The book addresses the question of how to create conditions for sustainable development in societies where these are lacking, and stresses the importance of institutional change. It also emphasises the role of sound banking institutions and proper regulations, the crucial issue of financial vulnerability and fragility, the role of reputation, means to fight non-payments, limit to optimal policies, etc. The author covers a broad international literature and relates it to his insights as a local observer, which delivers an interesting reading.
Book Synopsis The Economics of Transformation by : Alfred Schipke
Download or read book The Economics of Transformation written by Alfred Schipke and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: Janos Kornai The collapse of the socialist system in eastern Europe and the Soviet Union is one of the major events of this century, perhaps the most important of all. The transformation now taking place is without any precedent in history. The original development of capitalism was a process that lasted for centuries. The almost total liquidation of capitalism in the countries ruled by communist parties took place-in historical terms-in a very short period of time, but it was carried out by force and repressive methods. The transformation which has now begun is diverting these countries back onto the path of capitalist development and the hope is that the process will take place much faster than the original emergence of capitalism. And another hope can be expressed: that the governments of these countries will not resort during the process to the arsenal of political violence and repression in order to speed it up. Although the post -socialist transformation is a historically unique phenomenon, some components and features of it show a similarity with other processes or events that took place under other circumstances. Other empires before the Soviet empire collapsed. The political structures of other countries took the path from dictatorship to democracy. Under other conditions, state assets have been privatized, inflation has been curbed, foreign capital has flowed in, new oligopolies have formed, and so on. The uniqueness lies in the new, specific configuration of these component processes and may other phenomena.
Book Synopsis The Political Economy of Transformation by : Hans-Jürgen Wagener
Download or read book The Political Economy of Transformation written by Hans-Jürgen Wagener and published by Springer-Verlag. This book was released on 2013-12-11 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyzes the political-economic implications of system transformation as experienced now in Central and Eastern Europe and in China. The whole societal organization being in motion and economic activitybeing in a deep recession, political leaders will find it extremely difficult to secure consensus and support for redesigning institutions, and stabilizing and restructuring activity. The ensuing process is certainly not one of optimal control, but has rather evolutionary characteristics leading constantly to paradoxes and dilemmas. The first part of the book discusses different paradigms within which the complex process of transformation could fruitfully be analyzed. Democratic theory, bargaining theory, efficiency theory, institutionalism - all contribute to the understanding of the complex phenomena. Keytopics of the second part are among others: policy aspects of privatization, adjustment of fiscal system and policy, industrialrestructuring, the different case of China. The book illustrates that the first euphoria of planning the transition to markets was rather naive, analytically and politically. Transformation is not only an economic puzzle, not even in the first place. It is very much of a sociopolitical problem andhas to be treated as such. The book can be used as a reader or as background literature in corresponding course.
Book Synopsis The Economic Transformation of America by : Robert L. Heilbroner
Download or read book The Economic Transformation of America written by Robert L. Heilbroner and published by Cengage Learning. This book was released on 1999 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt: This extraordinary text offers a proven combination of scholarship from an insightful economist and a renowned American historian. It recounts the development of capitalism and the age of machines through the voices of business leaders, working people, inventors, and an unusual cast of presidents, generals, and patriots. Unlike other books in the field of economic history, this text tells a story. While not ignoring statistics and percentages, this narrative focuses on the fact that America's economic transformation is an extraordinary drama--a drama that continues today.
Book Synopsis Digital Transformation of the Economy: Challenges, Trends and New Opportunities by : Svetlana Ashmarina
Download or read book Digital Transformation of the Economy: Challenges, Trends and New Opportunities written by Svetlana Ashmarina and published by Springer. This book was released on 2019-02-05 with total page 717 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gathers the best contributions from the conference “Digital Transformation of the Economy: Challenges, Trends and New Opportunities”, which took place in Samara, Russian Federation, on May 29–31, 2018. Organized by Samara State University of Economics (Samara), Russia, the conference was devoted to issues of the digital economy.Presenting international research on the impact of digitalization on economic development, it includes topics such as the transformation of the institutional environment under the influence of informatization, the comparative analysis of the digitalization development in different countries, and modeling the dependence of the rate of change in the economy on the level of the digitalization penetration into various spheres of human activity. It also covers business-process transformation in the context of digitalization and changes in the structure of employment and personnel training for the digital economy. Lastly, it addresses the issue of ensuring information security and dealing with information risks for both individual enterprises and national economies as a whole. The book appeals to both students and researchers whose interests include the development of the digital economy, as well as to managers and professionals who integrate digital solutions into real-world business practice.
Book Synopsis Finance & Development, September 2014 by : International Monetary Fund. External Relations Dept.
Download or read book Finance & Development, September 2014 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 2014-08-25 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: This chapter discusses various past and future aspects of the global economy. There has been a huge transformation of the global economy in the last several years. Articles on the future of energy in the global economy by Jeffrey Ball and on measuring inequality by Jonathan Ostry and Andrew Berg are also illustrated. Since the 2008 global crisis, global economists must change the way they look at the world.
Book Synopsis The Fourth Industrial Revolution by : Klaus Schwab
Download or read book The Fourth Industrial Revolution written by Klaus Schwab and published by Currency. This book was released on 2017-01-03 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.
Book Synopsis From Central Planning to the Market by : Libor Žídek
Download or read book From Central Planning to the Market written by Libor Žídek and published by Central European University Press. This book was released on 2017-11-10 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book describes the process of the Czech economic transformation from the beginning of the 1990s to the country's entry into the European Union in 2004. This transformation is divided into four periods: an initial recession caused by the transformation; economic growth in the mid-1990s; a recession connected to the currency crisis of 1997; and recovery and growth from 1999 until 2004, when the analysis ends. The examination covers the main aspects of the transformation – an overall view of the process, political transition, economic policy, economic results (GDP development, inflation, unemployment), changes in outside indicators (balance of payments), privatization, transformation of the financial sector, and changes in the business sector and institutional development. The book also compares Czech development in this transformative era to those of Poland and Hungary. As in Hungary and Poland, the Czech Republic underwent an exceptional qualitative shift from a system centrally planned to one that was market-based. The book concludes that despite mistakes and hardships, the overall transformation process in Central Europe has been successful.
Book Synopsis Real Adjustment in the Economic Transformation Process by : Markus Diehl
Download or read book Real Adjustment in the Economic Transformation Process written by Markus Diehl and published by . This book was released on 1994 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis China's Great Economic Transformation by : Loren Brandt
Download or read book China's Great Economic Transformation written by Loren Brandt and published by Cambridge University Press. This book was released on 2008-04-14 with total page 887 pages. Available in PDF, EPUB and Kindle. Book excerpt: This landmark study provides an integrated analysis of China's unexpected economic boom of the past three decades. The authors combine deep China expertise with broad disciplinary knowledge to explain China's remarkable combination of high-speed growth and deeply flawed institutions. Their work exposes the mechanisms underpinning the origin and expansion of China's great boom. Penetrating studies track the rise of Chinese capabilities in manufacturing and in research and development. The editors probe both achievements and weaknesses across many sectors, including China's fiscal, legal, and financial institutions. The book shows how an intricate minuet combining China's political system with sectorial development, globalization, resource transfers across geographic and economic space, and partial system reform delivered an astonishing and unprecedented growth spurt.
Book Synopsis The Great Transformation by : Karl Polanyi
Download or read book The Great Transformation written by Karl Polanyi and published by Penguin Classics. This book was released on 2024-06-20 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'One of the most powerful books in the social sciences ever written. ... A must-read' Thomas Piketty 'The twentieth century's most prophetic critic of capitalism' Prospect Karl Polanyi's landmark 1944 work is one of the earliest and most powerful critiques of unregulated markets. Tracing the history of capitalism from the great transformation of the industrial revolution onwards, he shows that there has been nothing 'natural' about the market state. Instead of reducing human relations and our environment to mere commodities, the economy must always be embedded in civil society. Describing the 'avalanche of social dislocation' of his time, Polanyi's hugely influential work is a passionate call to protect our common humanity. 'Polanyi's vision for an alternative economy re-embedded in politics and social relations offers a refreshing alternative' Guardian 'Polanyi exposes the myth of the free market' Joseph Stiglitz With a new introduction by Gareth Dale
Book Synopsis Perfect Competition and the Transformation of Economics by : Frank M. Machovec
Download or read book Perfect Competition and the Transformation of Economics written by Frank M. Machovec and published by Psychology Press. This book was released on 1995 with total page 391 pages. Available in PDF, EPUB and Kindle. Book excerpt: The assumptions of perfect information and perfect competition have been at the heart of neo-classical economics. However, in Perfect Competition and the Transformation of Economics, Frank Machovec demonstrates that the Walrasian vision has had a detrimental impact on the definition of economics and on its policy prescriptions. The author examines how economists came to accept an interventionist approach to domestic policy issues, and how the perfect-competition model transformed four key areas of study: industrial organization; comparative systems; the economics of development; international trade.
Book Synopsis The Experience Economy by : B. Joseph Pine
Download or read book The Experience Economy written by B. Joseph Pine and published by Harvard Business Press. This book was released on 1999 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text seeks to raise the curtain on competitive pricing strategies and asserts that businesses often miss their best opportunity for providing consumers with what they want - an experience. It presents a strategy for companies to script and stage the experiences provided by their products.
Book Synopsis Understanding the Process of Economic Change by : Douglass C. North
Download or read book Understanding the Process of Economic Change written by Douglass C. North and published by Princeton University Press. This book was released on 2010-05-09 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this landmark work, a Nobel Prize-winning economist develops a new way of understanding the process by which economies change. Douglass North inspired a revolution in economic history a generation ago by demonstrating that economic performance is determined largely by the kind and quality of institutions that support markets. As he showed in two now classic books that inspired the New Institutional Economics (today a subfield of economics), property rights and transaction costs are fundamental determinants. Here, North explains how different societies arrive at the institutional infrastructure that greatly determines their economic trajectories. North argues that economic change depends largely on "adaptive efficiency," a society's effectiveness in creating institutions that are productive, stable, fair, and broadly accepted--and, importantly, flexible enough to be changed or replaced in response to political and economic feedback. While adhering to his earlier definition of institutions as the formal and informal rules that constrain human economic behavior, he extends his analysis to explore the deeper determinants of how these rules evolve and how economies change. Drawing on recent work by psychologists, he identifies intentionality as the crucial variable and proceeds to demonstrate how intentionality emerges as the product of social learning and how it then shapes the economy's institutional foundations and thus its capacity to adapt to changing circumstances. Understanding the Process of Economic Change accounts not only for past institutional change but also for the diverse performance of present-day economies. This major work is therefore also an essential guide to improving the performance of developing countries.
Book Synopsis Economics of the Transformation Period by : Nikolaĭ Bukharin
Download or read book Economics of the Transformation Period written by Nikolaĭ Bukharin and published by New York : Bergman. This book was released on 1971 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Shifting Paradigms written by Zia Qureshi and published by Brookings Institution Press. This book was released on 2022-01-11 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: Addressing the big questions about how technological change is transforming economies and societies Rapid technological change—likely to accelerate as a consequence of the COVID-19 pandemic—is reshaping economies and how they grow. But change also causes disruption, creates winners and losers, and produces social stress. This book examines the challenges of digital transformation and suggests how creative policies can make it more productive and inclusive. Shifting Paradigms is the second book on technological change produced by a joint research project of the Brookings Institution and the Korea Development Institute. Contributors are experts from the United States, Europe, and Korea. The first volume, Growth in a Time of Change, was published by Brookings in February 2020. The book's underlying thesis is that the future is arriving faster than expected. Long-accepted paradigms about economic growth are changing as digital technologies transform markets and nearly every aspect of business and work. Change will only intensify with advances in artificial intelligence and other innovations. Investors, business leaders, workers, and public officials face many questions. Is rising market concentration inevitable with the new technologies or can their benefits be more widely shared? How can the promise of FinTech be captured while managing risks? Should workers fear the new automation? Are technology-driven shifts in business and work causing income inequality to rise? How should public policy respond? Shifting Paradigms addresses these questions in an engaging manner for anyone interested in understanding how the economic and social agenda is being transformed by today's winds of change.
Book Synopsis Transition Economies by : Aleksandr V. Gevorkyan
Download or read book Transition Economies written by Aleksandr V. Gevorkyan and published by Routledge. This book was released on 2018-04-17 with total page 317 pages. Available in PDF, EPUB and Kindle. Book excerpt: This interdisciplinary study offers a comprehensive analysis of the transition economies of Central and Eastern Europe and the former Soviet Union. Providing full historical context and drawing on a wide range of literature, this book explores the continuous economic and social transformation of the post-socialist world. While the future is yet to be determined, understanding the present phase of transformation is critical. The book’s core exploration evolves along three pivots of competitive economic structure, institutional change, and social welfare. The main elements include analysis of the emergence of the socialist economic model; its adaptations through the twentieth century; discussion of the 1990s market transition reforms; post-2008 crisis development; and the social and economic diversity in the region today. With an appreciation for country specifics, the book also considers the urgent problems of social policy, poverty, income inequality, and labor migration. Transition Economies will aid students, researchers and policy makers working on the problems of comparative economics, economic development, economic history, economic systems transition, international political economy, as well as specialists in post-Soviet and Central and Eastern European regional studies.
