Well Being And Growth In Advanced Economies

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Well-being and Growth in Advanced Economies

Author : Maurizio Pugno
Publisher : Taylor & Francis
ISBN 13 : 1000745813
Total Pages : 111 pages
Book Rating : 4.0/5 (7 download)

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Book Synopsis Well-being and Growth in Advanced Economies by : Maurizio Pugno

Download or read book Well-being and Growth in Advanced Economies written by Maurizio Pugno and published by Taylor & Francis. This book was released on 2022-07-29 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth is generally regarded by governments and most ordinary people as a panacea for all problems, including issues caused by the COVID pandemic. But this raises an important question: is further growth in advanced economies able to increase well-being once people’s basic subsistence needs are met? Some advanced market economies, e.g. the United States, have exhibited a decline in well-being, both subjectively and objectively measured, over several decades despite seeing economic growth during the same period. This book provides an original and comprehensive explanation: economic growth, as driven by market forces, induces people, through both the demand- and supply-side channels, to pursue command over more material resources, and this weakens the self-generation of capabilities, putting well-being at risk of deterioration. The book argues, with the support of a variety of evidence, that the challenge can be overcome if governments’ policies and people’s choices pursue, as their ultimate goal, ‘fundamental human development’ on an evolutionary basis: the development of the capability of a typical person to conceive and share with others new purposes, to pursue them individually or collectively, and thus to contribute to building human culture. If such human development is prioritised, it makes people satisfied with their lives and resistant to adverse shocks, and it can even shape the pattern of economic growth. By contrast, if economic growth is prioritised, it tends to weaken and impoverish fundamental human development, and consequently people’s well-being and social cohesion. With this volume, readers will find an answer to a problem that is both urgent and long-term, both individual and societal. The work makes a substantial contribution to the literature on wellbeing, the economics of happiness, human capital and growth, and the capability approach.

Wellbeing Economy

Author : Lorenzo Fioramonti
Publisher : Pan Macmillan South africa
ISBN 13 : 1770105182
Total Pages : 246 pages
Book Rating : 4.7/5 (71 download)

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Book Synopsis Wellbeing Economy by : Lorenzo Fioramonti

Download or read book Wellbeing Economy written by Lorenzo Fioramonti and published by Pan Macmillan South africa. This book was released on 2017-08-04 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth is a constant mantra of politicians, economists and the media. Few understand what it is, but they love and follow it blindly. The reality is that since the global financial crisis, growth has vanished in the more industrialised economies and in the so-called developing countries. Politicians may be panicking, but is this really a bad thing? Using real-life examples and innovative research, acclaimed political economist Lorenzo Fioramonti lays bare society’s perverse obsession with economic growth by showing its many flaws, paradoxes and inconsistencies. He argues that the pursuit of growth often results in more losses than gains and in damage, inequalities and conflicts. By breaking free from the growth mantra, we can build a better society that puts the wellbeing of all at its centre. A wellbeing economy would have tremendous impact on everything we do, boosting small businesses and empowering citizens as the collective leaders of tomorrow. Wellbeing Economy is a manifesto for radical change in South Africa and beyond.

Macroeconomics and Health

Author : Jeffrey Sachs
Publisher : World Health Organization
ISBN 13 : 924154550X
Total Pages : 213 pages
Book Rating : 4.2/5 (415 download)

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Book Synopsis Macroeconomics and Health by : Jeffrey Sachs

Download or read book Macroeconomics and Health written by Jeffrey Sachs and published by World Health Organization. This book was released on 2001-12 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describes a strategy for investing in health for economic development, especially in the world's poorest countries. The report proposes a partnership of developing and developed countries, to save eight million lives yearly, in developing countries from infectious diseases and maternal conditions.

Happiness and Economic Growth

Author : Andrew E. Clark
Publisher : Oxford University Press, USA
ISBN 13 : 0198723652
Total Pages : 305 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Happiness and Economic Growth by : Andrew E. Clark

Download or read book Happiness and Economic Growth written by Andrew E. Clark and published by Oxford University Press, USA. This book was released on 2014 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses the relationship between income and subjective well-being, and in particular in the context of developing countries. Several chapters focus on China and underline how the rise in unemployment and income inequality has undermined the well-being effects of economic development.

Advances in Well-Being

Author : Richard J. Estes
Publisher : Rowman & Littlefield
ISBN 13 : 1786603489
Total Pages : 295 pages
Book Rating : 4.7/5 (866 download)

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Book Synopsis Advances in Well-Being by : Richard J. Estes

Download or read book Advances in Well-Being written by Richard J. Estes and published by Rowman & Littlefield. This book was released on 2018-01-22 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Media and research tend to focus on social problems in today's world - from terrorism and natural disasters to environmental degradation, conflict and economic decline. Yet many countries are also placing the promotion of well-being central at the heart of their social agenda. So what can we say about human progress and the development of civilization? This book considers the brighter side of our world today by exploring the ways in which wellbeing is on an upward swing globally. Systematically considering indicators of human well-being in terms of economics, health and education, alongside subjective notions of wellbeing, the book draws together research and data from around the world. It uses the United Nations Development Programme's Human Development Index as an underlying framework from which to examine the ways in which wellbeing has improved since WWII. Analysing leading scholarship and empirical work aloows the authors to determine policy recommendations for how we might continue to build a better world of human wellbeing.

The Economics of Public Health Care Reform in Advanced and Emerging Economies

Author : Mr.David Coady
Publisher : International Monetary Fund
ISBN 13 : 1616352442
Total Pages : 381 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis The Economics of Public Health Care Reform in Advanced and Emerging Economies by : Mr.David Coady

Download or read book The Economics of Public Health Care Reform in Advanced and Emerging Economies written by Mr.David Coady and published by International Monetary Fund. This book was released on 2012-06-01 with total page 381 pages. Available in PDF, EPUB and Kindle. Book excerpt: Using cross-country analysis and case studies, this book provides new insights and potential policy responses for the key fiscal policy challenges that both advanced and emerging economies will be facing.

Happiness and Hardship

Author : Carol L. Graham
Publisher : Rowman & Littlefield
ISBN 13 : 0815798555
Total Pages : 190 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Happiness and Hardship by : Carol L. Graham

Download or read book Happiness and Hardship written by Carol L. Graham and published by Rowman & Littlefield. This book was released on 2004-05-13 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: Subjective well being, or happiness, has been analyzed in detail by psychologists for decades. Yet only recently has it become the subject of economic analysis. In Happiness and Hardship, Carol Graham and Stefano Pettinato provide a new conceptual framework for analyzing the relationship between subjective well being and the political sustainability of market-oriented economic growth in 17 Latin American countries and Russia. Several variables—such as marital status, employment, and inflation—are known to influence happiness. Graham and Pettinato have identified other variables that have important effects on how individuals perceive their well being: macroeconomic volatility, globalization of information, increasing income mobility, and inequality driven by technology-led growth. The authors begin by explaining data and measurement problems involved in studying mobility, and they summarize general trends in developing countries. Second, they provide new data on subjective well being for Latin America and Russia. They find that the socio-demographic determinants of "happiness"—such as the effects of age and unemployment—are very similar to those in the U.S. and Europe. They also find that relative income differences have important effects on how individuals assess their well being. Those in the middle or lower middle of the income distribution are more likely to be dissatisfied than are the very poorest groups. Third, the authors find that volatility in income flows can have negative effects on perceived well being, even among upwardly mobile individuals. Finally, the authors explore the relationship between social capital and mobility. They distinguish between participation driven by economic necessity—such as soup kitchens—and voluntary participation in civic organizations. They find that different objectives underlying civic participation can result in different effects on individual mobility rates, on perceived well being, and on aggregate growth. An age-old puzzle is why some societies seem to tolerate significant degrees of economic hardship and yet retain political and social stability, while others break out into violent protest as a result of much smaller economic declines or shocks. Happiness and Hardship sheds new light on factors that can increase mobility and provide new opportunities for low-income people in developing economies, and possibly improve perceived, as well as actual, well being.

Global Productivity

Author : Alistair Dieppe
Publisher : World Bank Publications
ISBN 13 : 1464816093
Total Pages : 552 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Global Productivity by : Alistair Dieppe

Download or read book Global Productivity written by Alistair Dieppe and published by World Bank Publications. This book was released on 2021-06-09 with total page 552 pages. Available in PDF, EPUB and Kindle. Book excerpt: The COVID-19 pandemic struck the global economy after a decade that featured a broad-based slowdown in productivity growth. Global Productivity: Trends, Drivers, and Policies presents the first comprehensive analysis of the evolution and drivers of productivity growth, examines the effects of COVID-19 on productivity, and discusses a wide range of policies needed to rekindle productivity growth. The book also provides a far-reaching data set of multiple measures of productivity for up to 164 advanced economies and emerging market and developing economies, and it introduces a new sectoral database of productivity. The World Bank has created an extraordinary book on productivity, covering a large group of countries and using a wide variety of data sources. There is an emphasis on emerging and developing economies, whereas the prior literature has concentrated on developed economies. The book seeks to understand growth patterns and quantify the role of (among other things) the reallocation of factors, technological change, and the impact of natural disasters, including the COVID-19 pandemic. This book is must-reading for specialists in emerging economies but also provides deep insights for anyone interested in economic growth and productivity. Martin Neil Baily Senior Fellow, The Brookings Institution Former Chair, U.S. President’s Council of Economic Advisers This is an important book at a critical time. As the book notes, global productivity growth had already been slowing prior to the COVID-19 pandemic and collapses with the pandemic. If we want an effective recovery, we have to understand what was driving these long-run trends. The book presents a novel global approach to examining the levels, growth rates, and drivers of productivity growth. For anyone wanting to understand or influence productivity growth, this is an essential read. Nicholas Bloom William D. Eberle Professor of Economics, Stanford University The COVID-19 pandemic hit a global economy that was already struggling with an adverse pre-existing condition—slow productivity growth. This extraordinarily valuable and timely book brings considerable new evidence that shows the broad-based, long-standing nature of the slowdown. It is comprehensive, with an exceptional focus on emerging market and developing economies. Importantly, it shows how severe disasters (of which COVID-19 is just the latest) typically harm productivity. There are no silver bullets, but the book suggests sensible strategies to improve growth prospects. John Fernald Schroders Chaired Professor of European Competitiveness and Reform and Professor of Economics, INSEAD

The Impact of Population Growth on Well-being in Developing Countries

Author : Dennis A. Ahlburg
Publisher : Springer Science & Business Media
ISBN 13 : 3662032392
Total Pages : 363 pages
Book Rating : 4.6/5 (62 download)

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Book Synopsis The Impact of Population Growth on Well-being in Developing Countries by : Dennis A. Ahlburg

Download or read book The Impact of Population Growth on Well-being in Developing Countries written by Dennis A. Ahlburg and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 363 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the nature and significance of the impact of population growth on the weIl-being of developing countries-in particular, the effects on economic growth, education, health, food supply, housing, poverty, and the environment. In addition, because family planning programmes often significantly affect population growth, the study examines the impacts of family planning on fertility and health, and the human rights implications of family planning programmes. In considering the book's conclusions about the impact of population growth on development, four caveats should be noted. First, the effects of population growth vary from place to place and over time. Thus, blanket statements about overall effects often cannot be made. Where possible, the authors note the contexts in which population effects are strongest and weakest. Second, all of the outcomes examined in this book are influenced by factors other than population growth. Moreover, the impact of population growth may itself vary according to the presence or absence of other factors. This again makes bl anket statements about the effects of population growth difficult. Throughout the chapters, the authors try to identify other relevant factors that influence the outcomes we discuss or that influence the impact of population growth on those outcomes.

On the Search for Well-Being

Author : Henry J. Bruton
Publisher : University of Michigan Press
ISBN 13 : 0472024191
Total Pages : 238 pages
Book Rating : 4.4/5 (72 download)

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Book Synopsis On the Search for Well-Being by : Henry J. Bruton

Download or read book On the Search for Well-Being written by Henry J. Bruton and published by University of Michigan Press. This book was released on 2010-05-18 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes on one of the great questions of the day: Why are some countries enormously rich and others so heartbreakingly poor? Henry J. Bruton organizes the discussion around three basic ideas. The first is that well-being reflects not only the availability and distribution of goods and services, but also employment, values, institutions, and quality of preferences. The second is that ignorance is ubiquitous; hence growth of well-being depends primarily on commitments to searching and learning. The extent of such commitments is embedded in deep-seated characteristics of the society, its history, and the degree to which it can look ahead. The third is that economic policy-making is largely a matter of muddling through; furthermore, the idea that an economy can be assumed to be in a general equilibrium and can therefore be left to itself must be rejected. The author explores these ideas and their implications for the processes of growth and for policies to facilitate that growth. The book breaks new ground in its emphasis on ignorance and learning and its generalized definition of well-being. Drawing from contemporary work in evolutionary economics, the economics of technological change, analytical economic history, and the new political economy, this work should be of interest to historians, sociologists, and students of technology, as well as economists. While directly concerned with development, it has implications for labor, trade, economic history, and industrial organization. Henry J. Bruton is Professor of Economics, Williams College.

Social Capital and Economic Development

Author : Jonathan Isham
Publisher : Edward Elgar Publishing
ISBN 13 : 9781781950388
Total Pages : 264 pages
Book Rating : 4.9/5 (53 download)

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Book Synopsis Social Capital and Economic Development by : Jonathan Isham

Download or read book Social Capital and Economic Development written by Jonathan Isham and published by Edward Elgar Publishing. This book was released on 2002-01-01 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: The chapters in this volume explore the challenges and opportunities raised by this concept for researchers, practitioners and teachers. Social Capital and Economic Development is based upon a consistent, policy-based vision of how social capital affects well-being in developing countries.

Women Empowerment and Well-being for Inclusive Economic Growth

Author : Shailja Dixit
Publisher :
ISBN 13 : 9781799837374
Total Pages : pages
Book Rating : 4.8/5 (373 download)

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Book Synopsis Women Empowerment and Well-being for Inclusive Economic Growth by : Shailja Dixit

Download or read book Women Empowerment and Well-being for Inclusive Economic Growth written by Shailja Dixit and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book examines the role of women empowerment and well-being for inclusive economic growth"--

Happiness and Economic Growth

Author : Andrew E. Clark
Publisher :
ISBN 13 : 9780191790744
Total Pages : 240 pages
Book Rating : 4.7/5 (97 download)

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Book Synopsis Happiness and Economic Growth by : Andrew E. Clark

Download or read book Happiness and Economic Growth written by Andrew E. Clark and published by . This book was released on 2014 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title analyses the relationship between income and subjective well-being, and in particular in the context of developing countries. Several chapters focus on China and underline how the rise in unemployment and income inequality has undermined the well-being effects of economic development.

Wellbeing Economics

Author : Paul Dalziel
Publisher : Springer
ISBN 13 : 3319931946
Total Pages : 203 pages
Book Rating : 4.3/5 (199 download)

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Book Synopsis Wellbeing Economics by : Paul Dalziel

Download or read book Wellbeing Economics written by Paul Dalziel and published by Springer. This book was released on 2018-09-11 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists have long sought to maximise economic growth, believing this to be their best contribution to improving human welfare. That approach is not sustainable in the face of ongoing issues such as global climate change, environmental damage, rising inequality and enduring poverty. Alternatives must be found. This open access book addresses that challenge. It sets out a wellbeing economics framework that directly addresses fundamental issues affecting wellbeing outcomes. Drawing inspiration from the capabilities approach of Nobel Prize winner Amartya Sen, the book demonstrates how persons can enhance prosperity through their own actions and through collaboration with others. The book examines national public policy, but its analysis also focuses on choices made by individuals, households, families, civil society, local government and the global community. It therefore offers important insights for anyone concerned with improving personal wellbeing and community prosperity.

Well-Being: Expanding the Definition of Progress

Author : Alonzo L. Plough
Publisher : Oxford University Press
ISBN 13 : 0190080507
Total Pages : 224 pages
Book Rating : 4.1/5 (9 download)

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Book Synopsis Well-Being: Expanding the Definition of Progress by : Alonzo L. Plough

Download or read book Well-Being: Expanding the Definition of Progress written by Alonzo L. Plough and published by Oxford University Press. This book was released on 2020-08-28 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cities and countries around the world, from New Zealand to Singapore to Iceland, are starting to take a well-being approach by reorienting policies, budgets and other actions to advance human and planetary well-being. Well-being metrics--holistic measurements of an individual's or population's capacity to thrive, including the condition of their community, society, and environment--provide a nuanced and predictive view that transcends purely economic measures; they illuminate conditions of inequity and despair that other tools ignore, and expand the notion of health beyond simply the absence of disease. Well-Being: Expanding the Definition of Progress summarizes the experiences and insights of practitioners, researchers and innovators from around the world, gathered together by the Robert Wood Johnson Foundation to explore how a well-being approach might further spread in the United States. Centered in the commitment to balance economic growth--the traditional dashboard of progress--with well-being, this book is a combination of scientific papers, case studies from the field, and excerpts from a lively, multidisciplinary discussion which intentionally connects issues of measurement to the imperative for action. Rich with insights on policy and practice, narratives and culture, equity and shifts in power, alignment with other movements, and cross-sector collaboration, it is intended to inspire governmental leaders, policymakers, economists, measurement scientists, reporters, and others who crave a more integrated and balanced pursuit of progress.

Economic Growth And Development (Second Edition)

Author : Hendrik Van Den Berg
Publisher : World Scientific Publishing Company
ISBN 13 : 9813100575
Total Pages : 890 pages
Book Rating : 4.8/5 (131 download)

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Book Synopsis Economic Growth And Development (Second Edition) by : Hendrik Van Den Berg

Download or read book Economic Growth And Development (Second Edition) written by Hendrik Van Den Berg and published by World Scientific Publishing Company. This book was released on 2012-03-30 with total page 890 pages. Available in PDF, EPUB and Kindle. Book excerpt: This textbook covers the full range of topics and issues normally included in a course on economic growth and development. Both mainstream economic perspectives as well as the multi-paradigmatic, inter-disciplinary, and dynamic-evolutionary perspectives from heterodox economics are detailed. Economic development is viewed in terms of the long-run well-being of humanity, social stability, environmental sustainability, and just distribution of economic gains, not simply as the growth of GDP. Furthermore, this textbook explicitly recognizes the complexity of economic development by linking economic activity to our broader social and natural environments.The textbook's unique feature is its focus on the natural environment. Both the historical effects of economic development on the environment and the environmental constraints on future economic development are thoroughly discussed in two chapters on environmental issues and policies. In fact, because economic development is defined in terms of economic, social, and environmental sustainability, the natural environment is included in discussions throughout the book.The textbook is inter-disciplinary: knowledge from fields such as sociology, psychology, political science, economic history, and ecology is called on to enhance the economic analysis. A thorough historical account of the development of the principal paradigms of economic development is also included, and the important issues of institutional development and cultural change merit their own chapters. Two chapters on technological change holistically focus on production technologies as well as the dynamic performance of entire economic, social, and ecological systems. Also, the important relationship between economic development and globalization is presented in three chapters on international trade, international finance and investment, and immigration from both orthodox and heterodox perspectives.

Prosperity Without Growth

Author : Tim Jackson
Publisher : Routledge
ISBN 13 : 1849713235
Total Pages : 279 pages
Book Rating : 4.8/5 (497 download)

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Book Synopsis Prosperity Without Growth by : Tim Jackson

Download or read book Prosperity Without Growth written by Tim Jackson and published by Routledge. This book was released on 2011 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tim Jackson, a top sustainability adviser to the UK government, makes a compelling case against continued economic growth in developed nations. He provides a vision of how human society can flourish, within the ecological limits of a finite planet.