Handbook of Economic Stagnation

The Handbook of Economic Stagnation takes a broad view, including contributions from orthodox and heterodox economists who examine situations in countries and worldwide regions, including Japan and the Euro area. To be sure, stagnation is periodically relieved by short economic bursts usually brought on by unsustainable asset price bubbles. Once the bubbles burst, stagnation returns. This book's fresh, comprehensive approach to the topic makes it the premier source for anyone affected by these cycles. Synthesizes and organizes diverse perspectives about crisis economics and future economic growth Emphasizes the relationships among stagnation, international economics, and the global distribution of labor Includes Japan and the Euro zone as well as other countries and regions worldwide

The Handbooks in Economics series continues to provide the various branches of economics with handbooks which are definitive reference sources, suitable for use by professional researchers, advanced graduate students, or by those seeking a teaching supplement. The Handbook of Economic Growth, edited by Philippe Aghion and Steven Durlauf, with an introduction by Robert Solow, features in-depth, authoritative survey articles by the leading economists working on growth theory. Volume 1A, the first in this two volume set, covers theories of economic growth, the empirics of economic growth, and growth policies and mechanisms. Volume 1B, the second in this two volume set, covers technology, trade and geography, and growth and socio-economic development.

Handbook of Economic Stagnation takes a broad view, including contributions from orthodox and heterodox economists who examine situations in countries and worldwide regions, including Japan and the Euro area. To be sure, stagnation is periodically relieved by short economic bursts usually brought on by unsustainable asset price bubbles. Once the bubbles burst, stagnation returns. This book's fresh, comprehensive approach to the topic makes it the premier source for anyone affected by these cycles. Synthesizes and organizes diverse perspectives about crisis economics and future economic growth Emphasizes the relationships among stagnation, international economics, and the global distribution of labor Includes Japan and the Euro zone as well as other countries and regions worldwide

Japan’s dramatic transformation from economic success to economic stagnation offers important policy lessons to advanced countries everywhere that are struggling with stagnation. The term ‘Japanization’ is often used by economists to describe long-term stagnation and deflation. Symptoms include high unemployment, weak economic activity, interest rates near zero, quantitative easing, and population aging. In the global context, what can governments do to mitigate the downward trends experienced by Japan? This judiciously timed book investigates in depth the causes of Japan’s ‘lost decades’ versus the real recovery achieved by the United States, and the lessons that can be learned.

The Handbook of Major Events in Economic History aims to introduce readers to the important macroeconomic events of the past two hundred years. The chapters endeavour to explain what went on and why during the most significant economic epochs of the nineteenth, twentieth and early twenty-first centuries and how where we are today fits in this historical timeline. Its short chapters reflect the most up-to-date research and are written by well-known economists who are authorities on their subjects. The Handbook of Major Events in Economic History was written with the intent of presenting the professional consensus in explaining the economics driving these historical events.

The Routledge Handbook of Modern Economic History aims to introduce readers to important approaches and findings of economic historians who study the modern world. Its short chapters reflect the most up-to-date research and are written by well-known economic historians who are authorities on their subjects. Modern economic history blends two approaches – Cliometrics (which focuses on measuring economic variables and explicitly testing theories about the historical performance and development of the economy) and the New Institutional Economics (which focuses on how social, cultural, legal and organizational norms and rules shape economic outcomes and their evolution). Part 1 of the Handbook introduces these approaches and other important methodological issues for economic history. The most fundamental shift in the economic history of the world began about two and a half centuries ago when eons of slow economic change and faltering economic growth gave way to sustained, rapid economic expansion. Part 2 examines this theme and the primary forces economic historians have linked to economic growth, stagnation and fluctuations – including technological change, entrepreneurship, competition, the biological environment, war, financial panics and business cycles. Part 3 examines the evolution of broad sectors that typify a modern economy including agriculture, banking, transportation, health care, housing, and entertainment. It begins by examining an equally important "sector" of the economy which scholars have increasingly analyzed using economic tools – religion. Part 4 focuses on the work force and human outcomes including inequality, labor markets, unions, education, immigration, slavery, urbanization, and the evolving economic roles of women and African-Americans. The text will be of great value to those taking economic history courses as well as a reference book useful to professional practitioners, policy makers and the public.

This volume of contributions from some of the world's best-known international trade economists explores and analyzes the various aspects of commercial policy in a way that standard texts in international economics do not. It does this in two parts: the first part covers general approaches to commercial policy, including theoretical, institutional, historical, and empirical contributions, while the second part is comprised of country-specific and regional applications, including a series of case studies of key players in the international trading system and emerging markets.

The Oxford Handbook of the Italian Economy Since Unification provides, for the first time, a comprehensive, quantitative "new economic history" of Italy.

A comprehensive overview of the key factors affecting the development of Latin American economies that examines long-term growth performance, macroeconomic issues, Latin American economies in the global context, technological and agricultural policies, and the evolution of labour markets, the education sector, and social security programmes.

Volumes 2A and 2B of The Handbook of Economic Growth summarize recent advances in theoretical and empirical work while offering new perspectives on a range of growth mechanisms, from the roles played by institutions and organizations to the ways factors beyond capital accumulation and technological change can affect growth. Written by research leaders, the chapters summarize and evaluate recent advances while explaining where further research might be profitable. With analyses that are provocative and controversial because they are so directly relevant to public policy and private decision-making, these two volumes uphold the standard for excellence in applied economics set by Volumes 1A and 1B (2005). Offers definitive theoretical and empirical scholarship about growth economics Empowers readers to evaluate the work of other economists and to plan their own research projects Demonstrates the value of empirical testing, with its implicit conclusion that our understanding of economic growth will help everyone make better decisions

The first long-term analysis of the process of structural change and productivity growth in Asia, Europe, Latin America and the USA.

This volume aims to illustrate the uniqueness of the economies of the countries and territories of the Caribbean as well as the similarities they share with other regions. While most countries in the region share many of the characteristics of middle-income countries, theirs is a matter of extremes. Their generally small size suggests a fragility not found elsewhere. While much of the world is beginning to feel some effects of climate change, the Caribbean is ground zero. These factors suggest a difficult road ahead, but the chapters presented in this volume aim to help to spur the search for creative solutions to the region’s problems. The chapters, written by expert contributors, examine the Caribbean economies from several perspectives. Many break new ground in questioning past policy mindsets, while developing new approaches to many of the traditional constraints limiting growth in the region. The volume is organized in four sections. Part I examines commonalities, including issues surrounding small economies, tourism, climate change and energy security. Part II looks at obstacles to sustained progress, for example debt, natural disasters and crime. In Part III chapters consider the specific role of external influences, including the USA and the European Union, the People's Republic of China, as well as regional co-operation. The volume concludes in Part IV with country case studies intended to provide a sense of the diversity that runs through the region.

Introduction / Robert E. Looney -- An alternative policy approach to growth and stabilization in small open economies / DeLisle Worrell -- Impacts of climate change on Caribbean economies / Masaō I. Ashtine -- Caribbean energy security : regional profile and challenges to integration / David Goldwyn and Cory Gill -- The Caribbean holds its own in global tourism competition / DeLisle Worrell -- CARICOM and that vexing issue of size and viability / Patsy Lewis -- Debt and fiscal constraints / Lester Henry -- Crime, violence, and drugs in the Caribbean / Sherill V. C. Morris-Francis -- It's complicated : the Caribbean's relationship to white-collar crime / Kristina Hinds -- Caribbean natural disasters and country/regional responses / Robert E. Looney -- Why and how to use fiscal policy to target the exchange rate / DeLisle Worrell -- Venezuela : the descent into a 'soft state' / Anthony P. Maingot -- The external economic relations of the Caribbean : the United States and Europe Union compared / Ginelle Greene-Dewasmes and Tony Heron -- China's increasing influence in Central America and the Caribbean / Richard L. Bernal -- Regional cooperation in Latin America and the Caribbean : new challenges and agendas / Cintia Quiliconi and Renato Rivera Rhon -- The Puerto Rican economy / Brad Setser and Sergio Marxuach -- Haiti / Wenche Iren Huge -- The Cuban economy : socialist stagnation with Caribbean characteristics / Richard E. Feinberg -- Trinidad and Tobago / Lester Henry -- Belize / Victor Bulmer-Thomas -- Guyana and the advent of world-class petroleum finds / Clive Y. Thomas -- Development and underperformance in the Barbados economy, 1946-2018 / DeLisle Worrell -- Suriname / Scott B. MacDonald -- The Bahamas : facing a period of climate change and slow growth / Robert E. Looney -- The Cayman Islands / Scott B. MacDonald -- Guadeloupe and Martinique in the Caribbean Basin : a comparative analysis of models and trajectories / Alain Maurin and Patrick Kent Watson -- French Guiana patterns of growth and development / Paul Rosele Chim -- The Dominican Republic / Susan Pozo and Antonio María Giraldi -- The Jamaican economy : a Caribbean success story at last? / Keith Collister and Robert E. Looney -- The Dutch Caribbean / Scott B. MacDonald.

The handbook of Economics has been designed for the students studying in Class XI-XII to act as the revision cum Quick Study Resource for various concepts of Economics. This handbook is a multipurpose quick revision resource with unique format which displays concepts clearly, places them in context and crisply identifies and describes all the factors involved. This handbook has been divided into 37 chapters namely Understanding Economics, Consumer’s Equilibrium, Demand, Supply, Price Determination & Market Equilibrium, Producer’s Behaviour, Main Market Forms, Agricultural Sector, Five Year Plans in India, Industrial Sector, Services or Tertiary Sector, India’s Foreign or International Trade, Economic Reforms Since 1991 or New Economic Policy, Selected Areas of Indian Economy, Human Capital Formation in India, Rural Development, Understanding Inflation, Infrastructure, Environment & Sustainable Development, Development Experience of India, Pakistan & China, Macroeconomis: An Overview, National Income & Related Aggregates, Money & banking, Theory of Income & Employment Determination, Government Budget & Economy, Balance of Payments & Foreign Exchange Rate, International Organisation, Introduction of Statistics & Collection of Data, Measures of Central Tendency, Measures of Dispersion, Correlation & Regression, Probability & Expected Value by Mathematical Expectation, Theoretical Probability Distributions, Sampling Theory, Index Number and Basic Tools & Techniques of Economic Ananlysis. The study material of the book has been prepared in the form of compendium, consisting of all important topics, such as concepts, definitions, principles and procedures; well illustrated with examples and diagrams. In the nutshell, this book can be used as a compact and portable reference book for study purpose and for general reference. Due to its simple information and lucid language it can also be used for general reference. This book will prove to be highly useful for aspirants preparing for competitive examinations like CET-BBA, BCA, ICWA, CMA, CS, etc.

'Recent events have rendered Japan's lost decades all the more relevant to the rest of us. Rick Garside, in this wide-ranging and accessible account, explores the political economy of Japan's great stagnation with an eye toward describing how other advanced economies can avoid going down the same path.' – Barry Eichengreen, University of California, Berkeley, US 'Professor Garside's timely book transcends the national preoccupation suggested by its title. From one viewpoint this is a case study (admittedly on a grand scale) of the experience of one country in one historical period. But in analyzing the dynamic relationship between Japan's post-war economic miracle and its chronic stagnation from the 1990's he offers a penetrating insight into the links between profound and embedded institutional and ideological influences, global upheaval, and almost disastrous national economic performance. Hence, Japan's Great Stagnation – the unfolding story of that country's declining experience from masterful economic power to seeming economic paralysis – provides us with an all-too familiar scenario with which to approach the contemporaneous ills of the world's developed economies. The interaction between banking crises, unwieldy institutions (especially, but not only, financial institutions), policy frailties, and stagnating demand – all conspired to create crisis and then handicap or prevent recovery. And the familiarity of the story is aggravated by the global financial crisis which now threatens to engulf us. History never fully repeats itself, but Professor Garside's illuminating examination of Japan's recent experiences must surely provide important points of relevance for the world's current malaise. He is to be congratulated on the depth and scope of what he has achieved – and for its relevance to what we are experiencing.' – Barry Supple, University of Cambridge, UK This timely book presents a critical examination of the developmental premises of Japan's high-growth success and its subsequent drift into recession, stagnation and piecemeal reform. The country, which within a few decades of wartime defeat mounted a serious challenge to American hegemony, appeared incapable of fully adjusting to shifting economic circumstance once the impulses of catch-up growth and the good fortune of an accommodating international environment faded. The banking crises, spiralling government debt, and stagnant growth experienced by major industrialized nations in recent years have evoked renewed interest in Japan's economic denouement since the 1990s. To many, Japan's drift into recession and financial crisis during the early 1990s, and later into stagnation and prolonged deflation, demonstrated precisely what not to do when fashioning remedial policy. This book details the legacies of Japan's high-growth success and how they affected Japan's capacity to cope with shifting national and international circumstance from the 1980s. It reviews the contentious debates over the causes and consequences of the 'bubble economy' and the 'lost decade', and assesses the extent to which reforms since 1997 have been compromised by lingering attachments to Japan's distinctive post-war political economy. Providing an analytical overview of both the high growth and recessionary periods and of subsequent reform agendas, this timely book will appeal to students, academics and researchers of economic history, development and politics, particularly those with an interest in Japan and Asian studies more generally.

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.

øHandbook on Islam and Economic Life is a unique study, one of the first of its kind to consider Islam within a broader economic sphere. Covering a wide breadth of topics and research, it explores how Islam impinges upon and seeks to shape major aspect

The Routledge Handbook of Heterodox Economics presents a comprehensive overview of the latest work on economic theory and policy from a ‘pluralistic’ heterodox perspective. Contributions throughout the Handbook explore different theoretical perspectives including: Marxian-radical political economics; Post Keynesian-Sraffian economics; institutionalist-evolutionary economics; feminist economics; social economics; Régulation theory; the Social Structure of Accumulation approach; and ecological economics. They explain the structural properties and dynamics of capitalism, as well as propose economic and social policies for the benefit of the majority of the population. This book aims, firstly, to provide realistic and coherent theoretical frameworks to understand the capitalist economy in a constructive and forward-looking manner. Secondly, it delineates the future directions, as well as the current state, of heterodox economics, and then provides both ‘heat and light’ on controversial issues, drawing out the commonalities and differences among different heterodox economic approaches. The volume also envisions transformative economic and social policies for the majority of the population and explains why economics is, and should be treated as, a social science. This Handbook will be of compelling interest to those, including students, who wish to learn about alternative economic theories and policies that are rarely found in conventional economics textbooks or discussed in the mainstream media, and to critical economists and other social scientists who are concerned with analyzing pressing socio-economic issues.

Handbook of the Economics of Population Aging, Volume 1A, provides the economic literature on aging and associated subjects, including social insurance and healthcare costs. This text explores the economic literature on aging and associated subjects, including social insurance, health care costs, the interests of policymakers, and the role of academics. As the first of two volumes, users will find it a great resource on the topics associated with the economics of aging. Together with its companion, volume 1B, this work includes literature that has appeared in general economics journals, in various field journals in economics, especially, but not exclusively, those covering labor market and human resource issues, information from interdisciplinary social science and life science journals, and data presented in papers by economists published in journals associated with gerontology, history, sociology, political science, and demography, amongst others. Provides the latest economics literature on aging and its associated subjects, including the aspects of social insurance and healthcare costs Includes valuable data from a variety of general economics journals and interdisciplinary social and life science publications Critical text for policymakers and academics that describes and analyzes valuable information since the inception of the study of the science of population aging in the late 1970s

Europe and Latin America’s social and economic stagnation is a direct result of the unresolved phenomena of the financialization crisis that broke out in 2008 in developed countries. Editors Noemi Levy and Etelberto Ortiz analyze the limitations of economic growth and development under capitalist economic organizations where financial capital is dominant, as well as explore alternative economic policies.