Download or read book Exploring the Political Economy of Diverging Private Savings Patterns in Selected Transition Economies written by Botagoz Sabirovna Kalkenova and published by . This book was released on 2011 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thesis has investigated the differences of private savings determinants in fifteen selected former Soviet Union countries: Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgyzstan, Lithuania, Latvia, Moldova, Russia, Tajikistan, Turkmenistan, Ukraine, and Uzbekistan. On the surface, savings rates in resource rich countries with autocratic political regimes tend to be higher than those in countries with more liberal, democratic political cultures. For that reason, this analysis was guided by the idea that diverging private savings rates cannot be solely explained by differing socio-economic fundamentals, but rather can be attributed to the nature of the political regimes shaping socio-economic fundamentals. In this regard a critical assumption underlying the line of argument was that different political regimes provide people with different opportunities and incentives to save. Taking this perspective, this thesis tried to extend on the existing literature on savings rates in transition economies, which has primarily viewed savings decisions as a function of socio-economic factors (e.g. GDP per capita, annual GDP growth). To analyze the empirical relationship between private savings and the quality of political institutions and regime types in the selected fifteen post-soviet countries, a two-way fixed effects panel model covering the period between 1998 and 2008 was applied. The data for this study has been obtained from different sources such as the World Bank, the International Monetary Fund, the Polity IV Project, the European Bank for Reconstruction and Development, and British Petroleum. Research findings indicate that financial and capital account liberalizations may increase domestic activity with a positive effect on overall economic income, and thus private savings, but it also can be a driver of short-term and non-sustainable financial acceleration. Striking a balance on this double edged sword of financial liberalization depends rather on the quality of market governing institutions, i.e. regulatory quality, than political regime type. Substantially lower and decreasing private savings rates in democratic countries of the former USSR can be attributed to popular pressures for immediate consumption. This has been primarily financed by a rapid influx of foreign bank capital. In contrast, well-endowed countries characterized by more autocratic forms of governance seem to have relied more on repressive financial governance and resource revenues to safe-guard political and economic stability. From a public policy perspective, several immediate implications arise. It would seem a natural choice for resource poor economies to implement taxes aimed at cooling an excessive expansion of consumption credit and thereby to direct capital inflows toward more productive ends in the investment sector would present a natural choice. In addition, raising social security contributions may slow down households' consumption (in this case, household disposable income will be lower), although it may also undermine households' ability to save. For resource rich economies, research findings indicate that these economies could reduce forced private savings and increase current consumption levels, spurring domestic demand and overall economic welfare for their citizens. However, as this study has shown, financial liberalization can come at the expense of deteriorating domestic private savings rates, if not accompanied by substantial macroeconomic and regulatory reform.
Download or read book Political Economies of Energy Transition written by Kathryn Hochstetler and published by Cambridge University Press. This book was released on 2020-11-26 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: Shows that economic concerns about jobs, costs, and consumption, rather than climate change, are likely to drive energy transition in developing countries.
Download or read book Transition and Economics written by Gérard Roland and published by MIT Press. This book was released on 2000 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: The transition from socialism to capitalism in former socialist economies has transformed the economic structure. This book provides an overview of research on the issues raised by the shift from collective to private ownership.
Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
Download or read book Anticorruption in Transition written by and published by World Bank Publications. This book was released on 2000-01-01 with total page 138 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the increasing recognition across the world of the damaging effects of corruption on economic growth and social stability. This report seeks to unpack the varied practices of corruption to identify and compare different patterns of the transition countries of Central and Eastern Europe, the Baltic states, and the Commonwealth of Independent States. It then draws out lessons for tailoring anticorruption strategies to address the variation across the region in an effort to target reforms more effectively. The report draws on many sources of ongoing research and lessons of experience, including the World Bank's work in this area. It is intended as a contribution to the growing policy dialogue on developing practical strategies for reducing corruption.
Download or read book Problem Driven Political Economy Analysis written by Verena Fritz and published by World Bank Publications. This book was released on 2014-01-13 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents eight good practice examples of problem-driven political economy analysis conducted at the World Bank, and reflect what the Bank has so far been able to achieve in mainstreaming this approach into its operations and policy dialogue.
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
Download or read book The National System of Political Economy written by Friedrich List and published by . This book was released on 1904 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Essays on Political Economy written by Frédéric Bastiat and published by . This book was released on 1853 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Global Waves of Debt written by M. Ayhan Kose and published by World Bank Publications. This book was released on 2021-03-03 with total page 403 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Download or read book Bureaucrats in Business written by and published by World Bank Publications. This book was released on 1995 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Refer review of this policy book in 'Journal of International Development, vol. 10, 7, 1998. pp.841-855.
Download or read book Social Capital written by Partha Dasgupta and published by World Bank Publications. This book was released on 2000 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a number of papers presented at a workshop organised by the World Bank in 1997 on the theme of 'Social Capital: Integrating the Economist's and the Sociologist's Perspectives'. The concept of 'social capital' is considered through a number of theoretical and empirical studies which discuss its analytical foundations, as well as institutional and statistical analyses of the concept. It includes the classic 1987 article by the late James Coleman, 'Social Capital in the Creation of Human Capital', which formed the basis for the development of social capital as an organising concept in the social sciences.
Download or read book Cultural Backlash and the Rise of Populism written by Pippa Norris and published by Cambridge University Press. This book was released on 2019-02-14 with total page 555 pages. Available in PDF, EPUB and Kindle. Book excerpt: A new theoretical analysis of the rise of Donald Trump, Marine le Pen, Nigel Farage, Geert Wilders, Silvio Berlusconi, and Viktor Orbán.
Download or read book The Long Shadow of Informality written by Franziska Ohnsorge and published by World Bank Publications. This book was released on 2022-02-09 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: A large percentage of workers and firms operate in the informal economy, outside the line of sight of governments in emerging market and developing economies. This may hold back the recovery in these economies from the deep recessions caused by the COVID-19 pandemic--unless governments adopt a broad set of policies to address the challenges of widespread informality. This study is the first comprehensive analysis of the extent of informality and its implications for a durable economic recovery and for long-term development. It finds that pervasive informality is associated with significantly weaker economic outcomes--including lower government resources to combat recessions, lower per capita incomes, greater poverty, less financial development, and weaker investment and productivity.
Download or read book Principles of Political Economy written by John Stuart Mill and published by . This book was released on 1882 with total page 632 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Transition the First Ten Years written by Pradeep Mitra and published by World Bank Publications. This book was released on 2002 with total page 164 pages. Available in PDF, EPUB and Kindle. Book excerpt: The wide variation in transition economies raises questions about differences in economic growth, the applicability of transition policies, and the advantages of economic reform. This report seeks to answer these questions.
Download or read book The Growth Report written by Commission on Growth and Development and published by World Bank Publications. This book was released on 2008-07-23 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.
