Devaluing To Prosperity

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Devaluing To Prosperity
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Author : Surjit S. Bhalla
language : en
Publisher: Peterson Institute
Release Date : 2012
Devaluing To Prosperity written by Surjit S. Bhalla and has been published by Peterson Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with Business & Economics categories.
Experts have long questioned the effect of currency undervaluation on overall GDP growth. They have viewed the underlying basis for this policy--intervention in currency markets to keep the price of the home currency cheap--as doomed to failure on both theoretical and empirical grounds. Moreover, the view has been that overvalued currencies hurt economic growth but undervalued currencies cannot help in growth acceleration. A parallel belief has been that the real exchange rate--that is, a country's competitive ranking--cannot be affected by merely changing the nominal exchange rate. This view is grounded in the belief, and expectation, that inflation follows any devaluation of currency. Hence, the conclusion that the real exchange rate cannot be affected by policy. However, given China's remarkable performance in recent decades, this traditional view is being reexamined. China devalued its currency by large amounts in the 1980s and early 1990s; instead of inflation, it achieved high growth. Today, there is near-universal demand for China to significantly revalue its currency. This book examines the veracity of various propositions relating to currency misalignments, and their effect on various items of policy interest. The author subjects more than a century of global exchange rate management and growth outcomes to rigorous empirical analysis and demonstrates convincingly that a country can systematically devalue and yet prosper. The analysis helps in interpreting several phenomena, especially for the last three decades, which have witnessed high economic growth in developing countries, a widening of global imbalances, and a sharp increase in reserve accumulation, particularly among high-growth Asian economies. The book shows that these events are strongly linked via a consistent policy of currency undervaluation in Asian economies.
Save Pebble Droppers Prosperity
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Author : Clay Barham
language : en
Publisher: Strategic Book Publishing
Release Date : 2010
Save Pebble Droppers Prosperity written by Clay Barham and has been published by Strategic Book Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Political Science categories.
Self-proclaimed "politically incorrect" Republican Clay Barham has written his third controversial book about America and the ways in which current-day politics are dismantling the original idea of "a prosperous, free nation." Barham contends that the 2008 election, based on the premise of "change," was more about community interests having far more importance and relevance than individual interests. His book lists factual and historical data that is opposite of that agenda. The pursuit and aspirations of free individuals, he believes, is what has brought about the enormous prosperity that we, as a nation, have had for over two centuries. What has happened to the voices who believe in the importance of the individual? Why is America different from the rest of the world? And if "change" is inevitable, will we lose that which sets us apart? Barham investigates the reasons why, with intellectual candor and hard-core facts.
Prosperity S Predicament
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Author : Isabel Brown Crook
language : en
Publisher: Bloomsbury Publishing PLC
Release Date : 2013-09-26
Prosperity S Predicament written by Isabel Brown Crook and has been published by Bloomsbury Publishing PLC this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09-26 with History categories.
This classic in the annals of village studies will be widely read and debated for what it reveals about China's rural dynamics as well as the nature of state power, markets, the military, social relations, and religion. Built on extraordinarily intimate and detailed research in a Sichuan village that Isabel Crook began in 1940, the book provides an unprecedented history of Chinese rural life during the war with Japan. It is an essential resource for all scholars of contemporary China.
The Economics Of Joan Robinson
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Author : Maria Cristina Marcuzzo
language : en
Publisher: Routledge
Release Date : 2005-08-12
The Economics Of Joan Robinson written by Maria Cristina Marcuzzo and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-08-12 with Biography & Autobiography categories.
Joan Robinson is widely regarded as the greatest female economist. Her published work spanned six decades and is analysed here by a distinguished, international team of scholars.
Hard As The Rock Itself
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Author : David Robertson
language : en
Publisher: University Press of Colorado
Release Date : 2011-05-18
Hard As The Rock Itself written by David Robertson and has been published by University Press of Colorado this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-05-18 with History categories.
The first intensive analysis of sense of place in American mining towns, Hard as the Rock Itself: Place and Identity in the American Mining Town provides rare insight into the struggles and rewards of life in these communities. David Robertson contends that these communities - often characterized in scholarly and literary works as derelict, as sources of debasing moral influence, and as scenes of environmental decay - have a strong and enduring sense of place and have even embraced some of the signs of so-called dereliction. Robertson documents the history of Toluca, Illinois; Cokedale, Colorado; and Picher, Oklahoma, from the mineral discovery phase through mine closure, telling for the first time how these century-old mining towns have survived and how sense of place has played a vital role. Acknowledging the hardships that mining's social, environmental, and economic legacies have created for current residents, Robertson argues that the industry's influences also have contributed to the creation of strong, cohesive communities in which residents have always identified with the severe landscape and challenging, but rewarding way of life. Robertson contends that the tough, unpretentious appearance of mining landscapes mirrors qualities that residents value in themselves, confirming that a strong sense of place in mining regions, as elsewhere, is not necessarily wedded to an attractive aesthetic or even to a thriving economy.
The Rise And Fall Of Nations
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Author : Ruchir Sharma
language : en
Publisher: Penguin UK
Release Date : 2016-07-20
The Rise And Fall Of Nations written by Ruchir Sharma and has been published by Penguin UK this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-20 with Business & Economics categories.
The crisis of 2008 ended the illusion of a golden era in which many people imagined that prosperity and political calm would continue to spread indefinitely. In a world now racked by slowing growth and mounting unrest, how can we discern which nations will thrive and which will fail? Shaped by prize-winning author Ruchir Sharma's twenty-five years travelling the world, The Rise and Fall of Nations rethinks economics as a practical art. By narrowing down the thousands of factors that can shape a country's future, it spells out ten clear rules for identifying the next big winners and losers in the global economy. Each rule looks at a nation's political, economic, and social conditions in real time to filter out the hype and noise. He shows, for example, how slow population growth is eroding economic growth, and ranks nations by how well they respond. He describes the way cycles of political complacency and revolt fuel economic booms and busts. Amid growing tensions over inequality, he demonstrates how billionaire lists yield clues to which economies are most or least threatened by extreme wealth. In a period when the world is struggling with trillions of dollars in new debt, he explains which nations are most likely to avert this threat or buckle under it. Sharma's rules are based on the data he has collected over many years at Morgan Stanley Investment Management in New York, where he is now Head of Emerging Markets and Chief Global Strategist. This is a book of original research, not mere opinion. The final chapter takes the reader on a surprising world tour of the likely winners and losers in the near future. The Rise and Fall of Nations is enlivened by Sharma's stories from the road and his encounters with presidents, tycoons, and villagers from Rio to Beijing. It is a pioneering field guide to understanding our impermanent world.
Pushed Out
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Author : Ryanne Pilgeram
language : en
Publisher: University of Washington Press
Release Date : 2021-05-11
Pushed Out written by Ryanne Pilgeram and has been published by University of Washington Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-11 with Social Science categories.
A small town weighs the economic compromises of growth in the Rocky Mountain West What happens to rural communities when their traditional economic base collapses? When new money comes in, who gets left behind? Pushed Out offers a rich portrait of Dover, Idaho, whose transformation from “thriving timber mill town” to “economically depressed small town” to “trendy second-home location” over the past four decades embodies the story and challenges of many other rural communities. Sociologist Ryanne Pilgeram explores the structural forces driving rural gentrification and examines how social and environmental inequality are written onto these landscapes. Based on in-depth interviews and archival data, she grounds this highly readable ethnography in a long view of the region that takes account of geological history, settler colonialism, and histories of power and exploitation within capitalism. Pilgeram’s analysis reveals the processes and mechanisms that make such communities vulnerable to gentrification and points the way to a radical justice that prioritizes the economic, social, and environmental sustainability necessary to restore these communities.
Cityscape
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Author :
language : en
Publisher:
Release Date : 2004
Cityscape written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with City planning categories.
Development Challenges South South Solutions July 2013 Issue
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Author : David South, Writer
language : en
Publisher: DSConsulting
Release Date : 2013-07-05
Development Challenges South South Solutions July 2013 Issue written by David South, Writer and has been published by DSConsulting this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-05 with categories.
Development Challenges, South-South Solutions is the monthly e-newsletter of the United Nations Office for South-South Cooperation in UNDP (www.southerninnovator.org). It has been published every month since 2006. Its sister publication, Southern Innovator magazine, has been published since 2011. ISSN 2227-3905 Stories by David South UN Office for South-South Cooperation Contact the Office to receive a copy of the new global magazine Southern Innovator. Issues 1, 2, 3, 4 and 5 are out now and are about innovators in mobile phones and information technology, youth and entrepreneurship, agribusiness and food security, cities and urbanization and waste and recycling. Why not consider sponsoring or advertising in an issue of Southern Innovator? Or work with us on an insert or supplement of interest to our readers? Follow @SouthSouth1.
The Bitcoin Standard
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Author : Saifedean Ammous
language : en
Publisher: John Wiley & Sons
Release Date : 2018-03-23
The Bitcoin Standard written by Saifedean Ammous and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-23 with Business & Economics categories.
A comprehensive and authoritative exploration of Bitcoin and its place in monetary history When a pseudonymous programmer introduced "a new electronic cash system that’s fully peer-to-peer, with no trusted third party" to a small online mailing list in 2008, very few people paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an unstoppable and globally accessible hard money alternative to modern central banks. The Bitcoin Standard analyzes the historical context to the rise of Bitcoin, the economic properties that have allowed it to grow quickly, and its likely economic, political, and social implications. While Bitcoin is an invention of the digital age, the problem it purports to solve is as old as human society itself: transferring value across time and space. Author Saifedean Ammous takes the reader on an engaging journey through the history of technologies performing the functions of money, from primitive systems of trading limestones and seashells, to metals, coins, the gold standard, and modern government debt. Exploring what gave these technologies their monetary role, and how most lost it, provides the reader with a good idea of what makes for sound money, and sets the stage for an economic discussion of its consequences for individual and societal future-orientation, capital accumulation, trade, peace, culture, and art. Compellingly, Ammous shows that it is no coincidence that the loftiest achievements of humanity have come in societies enjoying the benefits of sound monetary regimes, nor is it coincidental that monetary collapse has usually accompanied civilizational collapse. With this background in place, the book moves on to explain the operation of Bitcoin in a functional and intuitive way. Bitcoin is a decentralized, distributed piece of software that converts electricity and processing power into indisputably accurate records, thus allowing its users to utilize the Internet to perform the traditional functions of money without having to rely on, or trust, any authorities or infrastructure in the physical world. Bitcoin is thus best understood as the first successfully implemented form of digital cash and digital hard money. With an automated and perfectly predictable monetary policy, and the ability to perform final settlement of large sums across the world in a matter of minutes, Bitcoin’s real competitive edge might just be as a store of value and network for the final settlement of large payments a digital form of gold with a built-in settlement infrastructure. Ammous’ firm grasp of the technological possibilities as well as the historical realities of monetary evolution provides for a fascinating exploration of the ramifications of voluntary free market money. As it challenges the most sacred of government monopolies, Bitcoin shifts the pendulum of sovereignty away from governments in favor of individuals, offering us the tantalizing possibility of a world where money is fully extricated from politics and unrestrained by borders. The final chapter of the book explores some of the most common questions surrounding Bitcoin: Is Bitcoin mining a waste of energy? Is Bitcoin for criminals? Who controls Bitcoin, and can they change it if they please? How can Bitcoin be killed? And what to make of all the thousands of Bitcoin knockoffs, and the many supposed applications of Bitcoin's 'block chain technology'? The Bitcoin Standard is the essential resource for a clear understanding of the rise of the Internet’s decentralized, apolitical, free-market alternative to national central banks.