Download or read book Innovation Inequality and a Golden Rule for Growth in an Economy with Cobb Douglas Function and an R D Sector written by Paul J. J. Welfens and published by . This book was released on 2015 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Macro Innovation Dynamics and the Golden Age written by Paul J. J. Welfens and published by Springer. This book was released on 2017-02-16 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes a new look at the golden age in neoclassical growth theory and explores in detail sustainability and optimum growth in China, the US and Europe. Innovation, foreign direct investment, trade and growth dynamics are key elements in modern economies – including perspectives on green growth and aspects of the knowledge production function in the context of multinational companies. As such the book considers the role of foreign direct investment in a modified growth model and discusses innovation in an enhanced Mundell-Fleming macro model. Moreover, for the first time it directly links a knowledge production function to the macro production function in a broader context, including real money balances in the production function. It shows – also with empirical relevance – that FDI inward stocks relative to the GDP of host countries, the number of researchers and per capita income are relevant drivers of new knowledge and the stock of knowledge, respectively. This new Schumpeterian theoretical approach lends itself to important policy conclusions for both OECD members and newly industrialized countries.

Download or read book The Global Trump written by Paul J.J. Welfens and published by Springer Nature. This book was released on 2019-08-31 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book is able to explain and analyze what has eluded both scholars and thought leaders in business and the media - how and why populism has grabbed center stage. Highly recommendable." -David B. Audretsch, Indiana University Bloomington, USA "Welfens provides valuable insight into US politics and describes the strategic options for Europe going forward." -Barry Eichengreen, University of California, Berkeley, USA "With great skill Welfens traces the implications of US populism for the global economic system." - Jeffrey D. Sachs, Columbia University, USA "This critique of Trump ́s fiscal and international trade policies and their weak intellectual basis deserves the attention of US and European readers alike" -Richard H. Tilly, University of Münster, Germany What lies behind the Trump victory of 2016 and the US' new raft of economic policies? Is a populist presidency in the United States likely to be a temporary phenomenon or a structural long-term challenge? In an era of declining multilateralism, what can the US still stand to learn from Europe, where several countries have effective lifetime economic welfare equal to that of the US - and what can the EU learn from the US in return? Furthermore, what international economic dynamics can be expected from the Sino-US trade conflict and can globalization be maintained? In this timely volume, Paul Welfens provides a rare, clear-sighted and scholarly analysis of the global problems created by Trump's protectionism and economic policy. He leverages his understanding of these problems to make concrete policy suggestions that could help prevent the world economy from falling back into a variant of the Great Powers regime of the late nineteenth century.

Download or read book Handbook of Research on Global Institutional Roles for Inclusive Development written by Baporikar, Neeta and published by IGI Global. This book was released on 2022-06-24 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the history of multilateral governance and the impact of the global pandemic, there is no doubt that we are at a transition between the system that marked the decades after the Second World War and a more extensive system of international governance that will characterize the world for the next generation. That system may keep the long-standing promise to serve the world's least advantaged, or it may serve to marginalize them further. For more than a century and a half, the most powerful national governments have created institutions of multilateral governance that promise to make a more inclusive world, a world serving women, working people, the colonized, the “backward,” the destitute, and the despised. That promise and the real impact need deliberation and discussion. The Handbook of Research on Global Institutional Roles for Inclusive Development examines the concepts that have powerfully influenced development policy and, more broadly, examines the role of ideas in these institutions and how they have affected the current development discourse. It enhances the understanding of how these ideas travel within systems and how they are translated into policy, modified, distorted, or resisted. Covering topics such as ethical consumption, academic migration, and sustainable global capitalism, this book is an essential resource for government officials, activists, management, academicians, researchers, students and educators of higher education, and educational administration and faculty.

Download or read book Leadership for the Future Sustainable Development of Business and Education written by Wadim Strielkowski and published by Springer. This book was released on 2018-03-30 with total page 647 pages. Available in PDF, EPUB and Kindle. Book excerpt: This proceedings volume examines leadership from the perspectives of business, economics, social sciences, cross-cultural management, and education as a means to establish a future of sustainable development. Featuring contributions from the 2017 Prague Institute for Qualification Enhancement (PRIZK) and International Research Centre (IRC) “Scientific Cooperation” International Conference held in the Czech Republic, this volume focuses particularly on business models and higher education schemes from BRICS nations and examines topics such as social and educational practices, academic policies and business development. Leadership is becoming a key element for the future sustainable development of business and education in the quickly globalizing world. In this regard, a special emphasis should be made on the formation of high-quality human resources—the leading experts in their field who will create innovations and introduce breakthrough technologies. The development of a creative economy and knowledge economy requires highly-educated human capital, thus education becomes a key element of this process. Education must keep pace with time, be competitive, and stay in touch with the process of technology. The enclosed papers identify the key steps for sustainable growth and development in business and education. Featuring contributions on theory and practice, this book is appropriate for academics, researchers, policy-makers and practitioners in the areas of business, leadership management, entrepreneurship, innovation and education.

Download or read book Innovation and Inequality written by Gilles Saint-Paul and published by Princeton University Press. This book was released on 2008-07-01 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Karl Marx predicted a world in which technical innovation would increasingly devalue and impoverish workers, but other economists thought the opposite, that it would lead to increased wages and living standards--and the economists were right. Yet in the last three decades, the market economy has been jeopardized by a worrying phenomenon: a rise in wage inequality that has left a substantial portion of the workforce worse off despite the continuing productivity growth enjoyed by the economy. Innovation and Inequality examines why. Studies have firmly established a link between this worrying trend and technical change, in particular the rise of new information technologies. In Innovation and Inequality, Gilles Saint-Paul provides a synthetic theoretical analysis of the most important mechanisms by which technical progress and innovation affect the distribution of income. He discusses the conditions under which skill-biased technical change may reduce the wages of the least skilled, and how improvements in information technology allow "superstars" to increase the scale of their activity at the expense of less talented workers. He shows how the structure of demand changes as the economy becomes wealthier, in ways that may potentially harm the poorest segments of the workforce and economy. An essential text for graduate students and an indispensable resource for researchers, Innovation and Inequality reveals how different categories of workers gain or lose from innovation, and how that gain or loss crucially depends on the nature of the innovation.

Download or read book Equal Is Unfair written by Don Watkins and published by Macmillan. This book was released on 2016-03-29 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues that the solution to increasing income inequality in the United States is not to increase taxes on the rich, but to phase out welfare programs and create a culture of achievement.

Download or read book Rising to the Challenge written by National Research Council and published by National Academies Press. This book was released on 2012-08-06 with total page 598 pages. Available in PDF, EPUB and Kindle. Book excerpt: America's position as the source of much of the world's global innovation has been the foundation of its economic vitality and military power in the post-war. No longer is U.S. pre-eminence assured as a place to turn laboratory discoveries into new commercial products, companies, industries, and high-paying jobs. As the pillars of the U.S. innovation system erode through wavering financial and policy support, the rest of the world is racing to improve its capacity to generate new technologies and products, attract and grow existing industries, and build positions in the high technology industries of tomorrow. Rising to the Challenge: U.S. Innovation Policy for Global Economy emphasizes the importance of sustaining global leadership in the commercialization of innovation which is vital to America's security, its role as a world power, and the welfare of its people. The second decade of the 21st century is witnessing the rise of a global competition that is based on innovative advantage. To this end, both advanced as well as emerging nations are developing and pursuing policies and programs that are in many cases less constrained by ideological limitations on the role of government and the concept of free market economics. The rapid transformation of the global innovation landscape presents tremendous challenges as well as important opportunities for the United States. This report argues that far more vigorous attention be paid to capturing the outputs of innovation - the commercial products, the industries, and particularly high-quality jobs to restore full employment. America's economic and national security future depends on our succeeding in this endeavor.

Download or read book Inequality and Evolution written by Charles L. Ladner and published by Xlibris Corporation. This book was released on 2020-12-01 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1976, there were 38 countries, comprising nearly 50% of the world’s population that self-identified as socialist states, yet by 1991, only one remained. In 1976, the annual GDP per capita of the 38 socialist countries (in inflation adjusted dollars) averaged approximately $5 thousand. By 1990 it had grown to about $8 thousand. During that same period, the GDP per capita, in comparable numbers, for the United States grew from $24 thousand to $36 thousand. The socialist countries never grew their per capita income to more than 22% of the United States. Even China, which today has an economy almost as large as the United States, never saw its per capita GDP grow beyond $2 thousand per year during the twenty-eight year period as a socialist state under Mao Zedong. But, after the death of Mao, China converted its economy to the capitalist model with spectacular success, lifting a billion people out of poverty and challenging the United States for worldwide economic supremacy-an outcome that would have been unthinkable under socialism. Why has capitalism proven to be such an extraordinary success and socialism such a miserable failure? Charles Ladner argues that the success or failure of economic systems can be traced to the degree to which such systems are congruent with the primal force of evolutionary natural selection. This is the most fundamental need of every living thing to survive and reproduce. He encapsulate these forces into the term: selfishness. Capitalism, he finds, is grounded in such selfishness or self-interest, and therefore is fully congruent with the biological needs which provide the aspirational motivation that cause capitalism at all times and in every place, to be successful. Socialism, on other hand, requires and cannot function without, authoritarian rule to suppress expressions of self-interest. Its operation at the level of the state, serves to frustrate the biological needs and thereby will always produce poverty and failure. The historical record, he says, categorically demonstrates this. Capitalism, however, has a fatal flaw, and that is its inability to restrain the expression of selfishness, which ultimately leads to such extremes of wealth and income inequality that the system can self-destruct. In the final chapters, Ladner offers possible remedies for the United States, which he believes is already in the very early stages of such self-destruction.

Download or read book Wage Led Growth written by Engelbert Stockhammer and published by Springer. This book was released on 2013-12-03 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume seeks to go beyond the microeconomic view of wages as a cost having negative consequences on a given firm, to consider the positive macroeconomic dynamics associated with wages as a major component of aggregate demand.

Download or read book The New Gilded Age written by David Grusky and published by Stanford University Press. This book was released on 2012-05-09 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: Income inequality is an increasingly pressing issue in the United States and around the world. This book explores five critical issues to introduce some of the key moral and empirical questions about income, gender, and racial inequality: Do we have a moral obligation to eliminate poverty? Is inequality a necessary evil that's the best way available to motivate economic action and increase total outpt? Can we retain a meaningful democracy even when extreme inequality allows the rich to purchase political privilege? Is the recent stalling out of long-term declines in gender inequality a historic reversal that presages a new gender order? How are racial and ethnic inequalities likely to evolve as minority populations grow ever larger, as intermarriage increases, and as new forms of immigration unfold? Leading public intellectuals debate these questions in a no-holds-barred exploration of our New Gilded Age.

Download or read book Technology and Inequality written by Jonathan P. Allen and published by Springer. This book was released on 2017-06-27 with total page 163 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book will summarize what we know about technology and inequality across disciplines, and seek out new ways to analyze this relationship based on technology and business practices, with the objective of restoring digital technology as an engine of opportunity. Besides the unique focus on the role of technology in inequality, the book will have a unifying theme of tracing wealth creation and wealth capture in the technology sector, and relating specific practices—what technology companies actually do—to larger shifts in wealth and power. A clear conceptual framework will be used to analyze key industry case studies: search engines, social media, and the ‘sharing’ economy.

Download or read book The Hidden Rules of Race written by Andrea Flynn and published by Cambridge University Press. This book was released on 2017-09-08 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do black families own less than white families? Why does school segregation persist decades after Brown v. Board of Education? Why is it harder for black adults to vote than for white adults? Will addressing economic inequality solve racial and gender inequality as well? This book answers all of these questions and more by revealing the hidden rules of race that create barriers to inclusion today. While many Americans are familiar with the histories of slavery and Jim Crow, we often don't understand how the rules of those eras undergird today's economy, reproducing the same racial inequities 150 years after the end of slavery and 50 years after the banning of Jim Crow segregation laws. This book shows how the fight for racial equity has been one of progress and retrenchment, a constant push and pull for inclusion over exclusion. By understanding how our economic and racial rules work together, we can write better rules to finally address inequality in America.

Download or read book Meritocracy and Economic Inequality written by Kenneth Arrow and published by Princeton University Press. This book was released on 2018-06-26 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most Americans strongly favor equality of opportunity if not outcome, but many are weary of poverty's seeming immunity to public policy. This helps to explain the recent attention paid to cultural and genetic explanations of persistent poverty, including claims that economic inequality is a function of intellectual ability, as well as more subtle depictions of the United States as a meritocracy where barriers to achievement are personal--either voluntary or inherited--rather than systemic. This volume of original essays by luminaries in the economic, social, and biological sciences, however, confirms mounting evidence that the connection between intelligence and inequality is surprisingly weak and demonstrates that targeted educational and economic reforms can reduce the income gap and improve the country's aggregate productivity and economic well-being. It also offers a novel agenda of equal access to valuable associations. Amartya Sen, John Roemer, Robert M. Hauser, Glenn Loury, Orley Ashenfelter, and others sift and analyze the latest arguments and quantitative findings on equality in order to explain how merit is and should be defined, how economic rewards are distributed, and how patterns of economic success persist across generations. Moving well beyond exploration, they draw specific conclusions that are bold yet empirically grounded, finding that schooling improves occupational success in ways unrelated to cognitive ability, that IQ is not a strong independent predictor of economic success, and that people's associations--their neighborhoods, working groups, and other social ties--significantly explain many of the poverty traps we observe. The optimistic message of this beautifully edited book is that important violations of equality of opportunity do exist but can be attenuated by policies that will serve the general economy. Policy makers will read with interest concrete suggestions for crafting economically beneficial anti-discrimination measures, enhancing educational and associational opportunity, and centering economic reforms in community-based institutions. Here is an example of some of our most brilliant social thinkers using the most advanced techniques that their disciplines have to offer to tackle an issue of great social importance.

Download or read book A Republic of Equals written by Jonathan Rothwell and published by Princeton University Press. This book was released on 2021-09-14 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this provocative book, economist Jonathan Rothwell draws on the latest empirical evidence from across the social sciences to demonstrate how rich democracies have allowed racial politics and the interests of those at the top to subordinate justice. He looks at the rise of nationalism in Europe and the United States, revealing how this trend overlaps with racial prejudice and is related to mounting frustration with a political status quo that thrives on income inequality and inefficient markets. But economic differences are by no means inevitable. Differences in group status by race and ethnicity are dynamic and have reversed themselves across continents and within countries. Inequalities persist between races in the United States because Black Americans are denied equal access to markets and public services. Meanwhile, elite professional associations carve out privileged market status for their members, leading to compensation in excess of their skills.

Download or read book The Golden Rule written by Renwei Chung and published by . This book was released on 2014-04-16 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rule of law in the United States is compromised when it has a disparate impact on low socioeconomic classes; promotes a supposed universal “war on drugs,” but administers drug sentences unevenly; requires mandatory minimum sentencing for blue-collar crime, but negotiates monetary settlements for white-collar crime; sentences black men to nearly 20% longer terms than white men for similar crimes; prevents immigrants and indigent citizens from access to justice; and imprisons more of its population than any other country.For 40 years, Mr. Greenspan believed the financial markets could self-regulate. He has since admitted a flaw in his philosophy and no longer believes this ideology to be accurate. Many citizens of the United States have yet to realize the flaw in their model, which they perceive as the critical functioning structure of how America works. America has been built upon the premise that it is a land of equal opportunity. However, study after study is revealing statistics that directly counter this belief.The economic influence of inequality negatively impacts how the rule of law is administered in the United States. Economic inequality begets legal inequality.America's administration of the rule of law is not meant and should not be used to advance the cause of inequality. Unfortunately, America's income inequality is rising. There is a high correlation between income inequality and legal inequality in America. As citizens, we should seek to reduce this correlation coefficient because of the disturbing ramifications for the rule of law.

Download or read book Unbound written by Heather Boushey and published by . This book was released on 2019 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Many fear that efforts to address inequality will undermine the economy as a whole. But the opposite is true: rising inequality has become a drag on growth and an impediment to market competition. Heather Boushey breaks down the problem and argues that we can preserve our nation's economic traditions while promoting shared economic growth"--