UID:
almafu_9960161367402883
Umfang:
1 online resource (739 pages) :
,
illustrations
Ausgabe:
First edition.
ISBN:
9780128041970
,
0128041978
Anmerkung:
Front Cover -- Redefining Capitalism in Global Economic Development -- Copyright Page -- Contents -- List of Figures -- List of Tables -- Preface -- I. Challenges to Capitalism: the Analytical Structure -- 1 The Individual -- I Introduction -- II Beginning with the Individual -- III Externality and Ethics -- IV Competition Versus Competitiveness -- V Complementary or Dichotomous? -- VI Maximizing Private Cost, Minimizing Social Cost -- VII Why Supply-Side Economics is Preferred -- VIII Conclusion -- 2 Inequality, Poverty, and Opportunity -- I Introduction -- II Income Inequality: Basis of Comparison -- III Poverty: Stock Versus Flow -- IV Inequality and Development -- V Growth and Economic Opportunity -- VI Conclusion -- 3 Role of Government -- I Introduction -- II The Developmental Role -- III The Monitorial Role -- IV The Redistributional Role: Demand-led Approach -- V The Redistributional Role: Supply-led Approach -- VI Minimum Wage or Maximum Wage -- VII Business Leaders Versus Government Leaders -- VIII Conclusion -- 4 Conceptual Differences Between Economics, Welfare, and Politics -- I Introduction -- II Economics Versus Social Welfare: The Spending Side -- III Economics Versus Politics: Who Serves Who? -- IV Political Business Cycles -- V The Role of Democracy -- VI Conclusion -- 5 Capitalism and Socialism: Sustainability Versus Popularity -- I Introduction -- II Comparing the Essence of the Two Ideologies -- Capitalism -- Communism and Socialism -- III Why Is Socialism Popular? -- IV Why Is Capitalism Sustainable? -- V Conclusion -- 6 Economic Relativity and Capitalism -- I Introduction -- II Absolute Outcomes: Systematized and Personalized -- III The Relative Nature of Economics -- IV From Absolute to Relative Outcome: Peace Agreements -- V Capitalism as the Suitable Vehicle -- VI Conclusion.
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II. The Global Economy: Performance, Classification, and Challenges -- The World Divided -- 7 The Top 10 World Economies -- I Introduction -- II GDP Trends -- III Fiscal Performance -- IV Public Debt -- V Trade -- VI Reserve -- VII Foreign Aid and Donors -- VIII Foreign Direct Investment -- IX Military Expenditure -- X Conclusion -- 8 The Five Groups of World Economies -- I Introduction -- II Fragile States -- III Emerging States -- IV OPEC and the Middle East -- V Russia and China -- VI The Advanced Countries -- VII Global Political Economy -- VIII Conclusion -- 9 Cases of Economic Vulnerabilities -- I Introduction -- II Political Economy of the 2008 Crisis -- III Financial Socialism and the "Low Interest Rate Trap" -- IV Embracing Social Cost: Greece -- V China: At the Crossroads or a Turning Point? -- VI Conclusion -- 10 Reviving Capitalism -- I Introduction -- II Reorientating World Resources and Policies -- Oil and Peace -- Shortfall in Prowelfare Policies -- Rebalancing Financial and Real Sectors -- Commercialization of Technology -- III International Economic Alliances -- The Trio -- Europe and Russia -- China, Africa, and Europe -- IV Canada: A Promising Economy -- V Eastern Europe: Greater Marketization -- VI Conclusion -- III. Capitalist Development: Asia Lessons -- The Economics of "Push and Pull" -- 11 The Japanese Economy: Successes and Challenges -- I Introduction -- II Drive to Economic Superpower -- III Response to the International Community -- IV The Turning Point -- V Paths for Revival -- VI Conclusion -- 12 East Asia: Flying Geese Against Wind Currents -- I Introduction -- II "Take and Give" in Development -- III Export-Led Versus Import Substitution -- IV Progrowth Regimes -- V Siege Mentality -- VI Protected by Protectionism -- VII Lessons of Asian Financial Crisis -- VIII Singapore: A "Supply-Driven" Economy.
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IX South Korea: Staying Competitive -- X Taiwan: A New Chapter in Development -- XI Conclusion -- 13 The Latecomers: Opportunities, Challenges, and Comparisons -- I Introduction -- II Europe Versus Asia -- III Economic Cooperation -- IV Regional Multilateralism -- V The ASEAN Countries -- VI China in Asia -- VII Conclusion -- IV. The Frontier of Capitalism: China Versus Hong Kong -- Why China and Hong Kong? -- 14 China's 1911 Revolution and Sun's Legacy -- I Introduction -- II Three Principles: Realities and Implications -- III Missed Opportunities -- IV The Suitable Economic Ideology -- V Conclusion -- 15 China's Economic Reform Path -- I Introduction -- II Cultural Revolution: Economic Legacies -- Consumption Deprivation -- Centralization -- III The Nixon-Kissinger Initiative -- IV Economic Reform: First Decade, First Crisis -- Incremental or Experimental -- Contract Responsibility System -- Soft Budget Constraint -- The First Crisis -- V Reform of the 1990s: Banking and State Enterprises -- Banking Reform -- State Enterprise Reform -- VI Trade, Finance, and Excess Liquidity -- VII Dichotomies and Dualities -- Fiscal Deficits and Inflation -- Unreliable Products -- Land Acquisition -- Household Registration -- One-Child Policy -- Welfare and Public Goods -- Income and Political Inequality -- System -- Data Reliability -- Environment -- Capital Flight -- Noneconomic Issues -- VIII Conclusion -- 16 Frontier of Capitalism: The Sino-British Negotiation -- I Introduction -- II The Basic Law -- III The British Strategy -- IV The Chinese Strategy -- V Interpreting "One Country, Two Systems" -- VI International Implications -- VII Conclusion -- 17 Hong Kong: Pathway to the Freest Economy -- I Introduction -- II Laissez-Faire Policies -- III Performance Prior to 1997 -- IV Macroeconomic Performance -- V Ability to Restructure Post-1997.
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VI Absolute Versus Comparative Advantage -- VII The "Economic Cushion" -- VIII Conclusion -- 18 Hong Kong 1997-2047: The Political Scene -- I Introduction -- II The Political Trend -- III "Shade Hunting": Communist Mind, Capitalist Life -- IV Proestablishment: Infiltration, Capping, and Free Lunches -- V The Three Waves of Democratic Movements -- VI Effective Governance: The "Half-Cup" Argument -- VII Conclusion -- V. Why Has Capitalism Succeeded? -- Centuries of Theories, Decades of Practice -- 19 Why Has Socialism Failed? -- I Introduction -- II Communism: Power Concentration -- III Socialism: Amassing Social Cost -- IV The Brexit Lessons -- V Conclusion -- 20 How Capitalism Works -- I Introduction -- II Untying Global Economic Knots -- Fragile States -- Emerging Economies -- Oil and Petroleum Exporting Countries and the Middle East -- Russia and China -- III Leadership of Industrialized Countries -- IV The Best Among All Evils? -- V Can Capitalism Save the World? -- Domestic Strategy -- External Strategy -- VI Conclusion -- References -- Index -- Back Cover.
Weitere Ausg.:
ISBN 9780128041819
Weitere Ausg.:
ISBN 0128041811
Sprache:
Englisch
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