Stagnation Nation
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Stagnation Nation
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Author : Jim Minifie
language : en
Publisher:
Release Date : 2017-02-26
Stagnation Nation written by Jim Minifie and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-02-26 with Infrastructure (Economics) categories.
"As the mining investment boom fades, Australia risks falling into the stagnation that afflicts much of the rich world. This report examines what policymakes can do so that Australia remains a dynamic, growing economy. It focuses on private sector investment, a key to growth. Investment in Australia has been exceptionally strong. Since 2005, the capital stock per person has grown by a third. Even excluding mining, capital per person has grown by more than 15 per cent. By contrast, in both the US and Uk the capital stock per person grew by just 7 per cent. Strong investment has belped to increase output per person by 10 per cent between 2005 and 2015, compared to 6 per cent in the US and 4 per cent in the UK. But Australia is now experiencing its biggest ever five-year fall in mining investment, as a share of GDP. And non-mining business investment has fallen from 12 per cent to 9 per cent of GDP, lower than at any point in the 50 years from 1960 to 2010. It is important to keep this problem in perspective. Investment in the 2000a was buoyed by rapid growth and easy finance that masked longterm structural changes in the economy. With the shift to a services economy, and with lower capital goods prices, businesses can thrive with lower levels of investment. But about a third of the fall in nonmining investment is a result of the economy growing slowly, which discourages businesses from investing. What should the Australian govenernment do to encourage investment? There are no silver bullets - only tought choices. And we need to set realistic expectations that theses choices will only produce incremental increases in investment. The Turnbull Govenment proposes a cut in company tax. It would probably attract more foreign investment. But there are trade-offs. A cut would also reduce national income for years and would hit the budget. Committing to a tax cut before the budget is on a clear path to recovery risks reducing future living standards. Alternative company tax models like accelerated depreciatin or a cash flow tax can make investment more attractive, but would cos the budget even more in the earl years. An investment allowance would be cheaper, but may be difficult to administer. Calls for tax breaks for small business should be rejected. Other policies can encourage investment. Government deficits can expand expenditure and hence invesment. But they impose costs on futute taxpayers and can reduce flexibility in a crisis. The RBA should keep interest rates low; risjs to financial stability can be managed by tightening prudential standards. Governements, state and federal, should build more infrastructure, but only if they can build better infrstructure. And of course policy to support economic growth (by reducing tax distortions, boosting labour participation, encouraging competition, improving the efficieny of land use, and tightening regulatory frameworks) would also encourage private investment. Lower growth may well be the 'new normal', and investment is likely to remain below previous peaks. There is no reason to panic. But there is also no excuse for policy complacency. Australia should prudently encourage investment through this new reality."--Page 3.
The Great Stagnation
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Author : Tyler Cowen
language : en
Publisher: Penguin
Release Date : 2011-01-25
The Great Stagnation written by Tyler Cowen and has been published by Penguin this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-01-25 with Business & Economics categories.
Tyler Cowen’s controversial New York Times bestseller—the book heard round the world that ignited a firestorm of debate and redefined the nature of America’s economic malaise. America has been through the biggest financial crisis since the great Depression, unemployment numbers are frightening, media wages have been flat since the 1970s, and it is common to expect that things will get worse before they get better. Certainly, the multidecade stagnation is not yet over. How will we get out of this mess? One political party tries to increase government spending even when we have no good plan for paying for ballooning programs like Medicare and Social Security. The other party seems to think tax cuts will raise revenue and has a record of creating bigger fiscal disasters that the first. Where does this madness come from? As Cowen argues, our economy has enjoyed low-hanging fruit since the seventeenth century: free land, immigrant labor, and powerful new technologies. But during the last forty years, the low-hanging fruit started disappearing, and we started pretending it was still there. We have failed to recognize that we are at a technological plateau. The fruit trees are barer than we want to believe. That's it. That is what has gone wrong and that is why our politics is crazy. In The Great Stagnation, Cowen reveals the underlying causes of our past prosperity and how we will generate it again. This is a passionate call for a new respect of scientific innovations that benefit not only the powerful elites, but humanity as a whole.
States And Development
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Author : M. Lange
language : en
Publisher: Springer
Release Date : 2005-08-14
States And Development written by M. Lange and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-08-14 with Political Science categories.
One of the most important issues in comparative politics is the relationship between the state and society and the implications of different relationships for long-term social and economic development. Exploring the contribution states can make to overcoming collective action problems and creating collective goods favourable to social, economic, and political development, the contributors to this significant volume examine how state-society relations as well as features of state structure shape the conditions under which states seek to advance development and the conditions that make success more or less likely. Particular focus is given to bureaucratic oversight, market functioning, and the assertion of democratic demands discipline state actions and contribute to state effectiveness. These propositions and the social mechanisms underlying them are examined in comparative historical and cross-national statistical analyses. The conclusion will also evaluate the results for current policy concerns.
From Financial Crisis To Stagnation
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Author : Thomas I. Palley
language : en
Publisher: Cambridge University Press
Release Date : 2013-02-11
From Financial Crisis To Stagnation written by Thomas I. Palley and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-02-11 with Business & Economics categories.
This book offers a novel explanation of the financial crisis and Great Recession that emphasizes the destruction of shared prosperity over the past thirty years. This contrasts with "black swan" styled explanations that emphasize unexpected financial shocks and speculation. The book explains why the economy is now confronted with stagnation rather than the quick recovery predicted by other accounts.
The End Of The Asian Century
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Author : Michael R. Auslin
language : en
Publisher: Yale University Press
Release Date : 2017-01-10
The End Of The Asian Century written by Michael R. Auslin and has been published by Yale University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-01-10 with History categories.
An urgently needed risk map of the many dangers that could derail Asia s growth and stability Since Marco Polo, the West has waited for the Asian Century. Today, the world believes that Century has arrived. Yet from China s slumping economy to war clouds over the South China Sea and from environmental devastation to demographic crisis, Asia s future is increasingly uncertain. Historian and geopolitical expert Michael Auslin argues that far from being a cohesive powerhouse, Asia is a fractured region threatened by stagnation and instability. Here, he provides a comprehensive account of the economic, military, political, and demographic risks that bedevil half of our world, arguing that Asia, working with the United States, has a unique opportunity to avert catastrophe but only if it acts boldly. Bringing together firsthand observations and decades of research, Auslin s provocative reassessment of Asia s future will be a must-read for industry and investors, as well as politicians and scholars, for years to come.
The Rise And Decline Of Nations
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Author : Mancur Olson
language : en
Publisher: Yale University Press
Release Date : 2022-01-01
The Rise And Decline Of Nations written by Mancur Olson and has been published by Yale University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-01 with Business & Economics categories.
"A compelling theory on the rationale for the changing fortunes of nations"--Publisher's website.
Why Nations Fail
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Author : Daron Acemoglu
language : en
Publisher: Crown Currency
Release Date : 2012-03-20
Why Nations Fail written by Daron Acemoglu and has been published by Crown Currency this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-20 with Business & Economics categories.
Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.
Eighty Pleasant Evenings
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Author :
language : en
Publisher:
Release Date : 1898
Eighty Pleasant Evenings written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1898 with Amusements categories.
The Heart Of A Great Nation
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Author : Ronald Reagan
language : en
Publisher: Penguin
Release Date : 2020-10-06
The Heart Of A Great Nation written by Ronald Reagan and has been published by Penguin this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-06 with Political Science categories.
With a foreword from Senator Marco Rubio, a stirring collection of Ronald Reagan's most inspiring speeches, offering his timeless wisdom and guidance for our day. In his 1989 farewell address, Ronald Reagan said, "I wasn't a great communicator, but I communicated great things, and they didn't spring full bloom from my brow, they came from the heart of a great nation--from our experience, our wisdom, and our belief in principles that have guided us for two centuries." The Heart of a Great Nation brings together Reagan's most powerful speeches, as relevant to our chaotic world as they were when he first gave them. In a period of our country's history consumed by economic stagnation, national instability, and the looming threat of communism, Reagan spoke directly to the hearts of everyday Americans. His wisdom on matters of family, freedom, and nationhood helped guide the country back to its founding principles and ushered in an era of prosperity and national pride. Today, as we find our country treading similar ground, Reagan's wisdom speaks to us once again, offering guidance to everyone looking to navigate the present and remember the legacy of this great nation--which can one day be reclaimed.
The Practice Of Chinese Medicine E Book
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Author : Elsevier Ltd
language : en
Publisher: Elsevier Health Sciences
Release Date : 2021-04-21
The Practice Of Chinese Medicine E Book written by Elsevier Ltd and has been published by Elsevier Health Sciences this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-21 with Medical categories.
Use Traditional Chinese Medicine in diagnosing and treating disease! Maciocia’s The Practice of Chinese Medicine, 3rd Edition describes how to apply TCM theory to the diagnosis and treatment of disorders and conditions frequently encountered in practice. Covering common, chronic, and acute conditions, Maciocia’s provides guidelines to treatment with both acupuncture and Chinese herbs. Case studies offer real-world insights into determining effective treatment care. From an expert team of editors who were close to the late Giovanni Maciocia and who practice "the Maciocia way," this practical, illustrated text makes it easier to apply TCM in Western medical practice. Coverage of Traditional Chinese Medicine includes the diagnosis and treatment of 48 common diseases, conditions, and disorders. Discussion of aetiology, pathology, and differential diagnoses according to TCM is provided for each disease, condition, and disorder. UNIQUE! Summaries of Western differential diagnoses provide alternative treatment options. Coverage of treatments includes acupuncture and herbs, with explanations of choices. Reviews of clinical trials and modern Chinese literature report the experience of noted doctors of Chinese medicine. Practical appendices include Identification of Patterns According to the Six Stages, the Four Levels, and the Three Burners; Prescriptions; and Suggested Substitutions of Chinese Herbs. English-Pinyin Glossary of Chinese Terms is included. NEW and UNIQUE! Clinical Tips provide practical guidelines to diagnosing and treating diseases. NEW and UNIQUE! Red Flags list symptoms that may necessitate a referral to a Western physician. NEW! Updated clinical trials and references are added. NEW! Updated Western differential diagnosis sections are added. NEW discussion on sexuality in Chinese medicine is added. NEW! Additional tongue photos aid in diagnosing diseases, based on Chinese medicine protocols. NEW! Updated, full-color photos are added. NEW! Four new appendices are added, for a total of 10 appendices. NEW! Reorganization of material provides easier access to key topics.