When Markets Collide, Chapter 4 - Understanding the New Destination

When Markets Collide, Chapter 4 - Understanding the New Destination

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  • Author: Mohamed El-Erian
  • Publisher: McGraw Hill Professional
  • ISBN: 0071716114
  • Category : Business & Economics
  • Languages : en
  • Pages : 58

This chapter comes from the #1 New York Times and #1 Wall Street Journal bestseller When Markets Collide, in which Mohamed A. El-Erian--the man who Fortune magazine refers to as a "Global Guru"-- offers a cogent picture of the rapidly changing world financial system. A book that is sure to become an overnight investment classic, it gets you up to speed on the new economic and investing landscape and provides a detailed blueprint for capitalizing on the phenomenal opportunities now available in that new investment landscape, while minimizing the new and challenging set of risks.


The Only Game in Town

The Only Game in Town

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  • Author: Mohamed A. El-Erian
  • Publisher: Random House
  • ISBN: 0812997638
  • Category : Business & Economics
  • Languages : en
  • Pages : 338

NEW YORK TIMES BESTSELLER • A roadmap to what lies ahead and the decisions we must make now to stave off the next global economic and financial crisis, from one of the world’s most influential economic thinkers and the author of When Markets Collide • Updated, with a new chapter and author’s note “The one economic book you must read now . . . If you want to understand [our] bifurcated world and where it’s headed, there is no better interpreter than Mohamed El-Erian.”—Time Our current economic path is coming to an end. The signposts are all around us: sluggish growth, rising inequality, stubbornly high pockets of unemployment, and jittery financial markets, to name a few. Soon we will reach a fork in the road: One path leads to renewed growth, prosperity, and financial stability, the other to recession and market disorder. In The Only Game in Town, El-Erian casts his gaze toward the future of the global economy and markets, outlining the choices we face both individually and collectively in an era of economic uncertainty and financial insecurity. Beginning with their response to the 2008 global crisis, El-Erian explains how and why our central banks became the critical policy actors—and, most important, why they cannot continue is this role alone. They saved the financial system from collapse in 2008 and a multiyear economic depression, but lack the tools to enable a return to high inclusive growth and durable financial stability. The time has come for a policy handoff, from a prolonged period of monetary policy experimentation to a strategy that better targets what ails economies and distorts the financial sector—before we stumble into another crisis. The future, critically, is not predestined. It is up to us to decide where we will go from here as households, investors, companies, and governments. Using a mix of insights from economics, finance, and behavioral science, this book gives us the tools we need to properly understand this turning point, prepare for it, and come out of it stronger. A comprehensive, controversial look at the realities of our global economy and markets, The Only Game in Town is required reading for investors, policymakers, and anyone interested in the future.


When Histories Collide

When Histories Collide

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  • Author: Raymond D. Crotty
  • Publisher: Rowman Altamira
  • ISBN: 9780759101586
  • Category : Business & Economics
  • Languages : en
  • Pages : 356

The late economic historian, Raymond Crotty, a specialist on economic development in Ireland, left a challenging work that addresses the processes of world history from the neolithic revoution up to the end of the 20th century. On the way, Crotty tried to explain phenomena as diverse as the role of pastoral migrations, India's holy cows, the decline of the Roman empire, feudalism, slavery, Britain's early modern development, the patterns of Western colonization, the lack of socio-economic development in the contemporary third world, and the developmental success of Japan and China. Crotty's interdisciplinary framework combines elements agricultural economics, nutritional science, development studies, and demography into a comprehensive theory of history that will challenge and intrigue historians, social scientists, and their students.


The Globalization Paradox

The Globalization Paradox

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  • Author: Dani Rodrik
  • Publisher: OUP Oxford
  • ISBN: 0191634255
  • Category : Political Science
  • Languages : en
  • Pages : 442

For a century, economists have driven forward the cause of globalization in financial institutions, labour markets, and trade. Yet there have been consistent warning signs that a global economy and free trade might not always be advantageous. Where are the pressure points? What could be done about them? Dani Rodrik examines the back-story from its seventeenth-century origins through the milestones of the gold standard, the Bretton Woods Agreement, and the Washington Consensus, to the present day. Although economic globalization has enabled unprecedented levels of prosperity in advanced countries and has been a boon to hundreds of millions of poor workers in China and elsewhere in Asia, it is a concept that rests on shaky pillars, he contends. Its long-term sustainability is not a given. The heart of Rodrik’s argument is a fundamental 'trilemma': that we cannot simultaneously pursue democracy, national self-determination, and economic globalization. Give too much power to governments, and you have protectionism. Give markets too much freedom, and you have an unstable world economy with little social and political support from those it is supposed to help. Rodrik argues for smart globalization, not maximum globalization.


Degrowth and Tourism

Degrowth and Tourism

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  • Author: C. Michael Hall
  • Publisher: Routledge
  • ISBN: 1000340260
  • Category : Business & Economics
  • Languages : en
  • Pages : 243

The sustainability of tourism is increasingly under question given the challenges of overtourism, COVID-19 and the contribution of tourism to climate and environmental change. Degrowth and Tourism provides an original response to the central problem of growth in tourism, an imperative that has been intrinsic within tourism practice, and directs the reader to rethink the impacts of tourism and possible alternatives beyond the sustainable growth discourse. Using a multi-scaled approach to investigate degrowth’s macro effects and micro indications in tourism, this book frames degrowth in tourism in terms of business, destination and policy initiatives. It uses a combination of empirical research, case studies and theory to offer new perspectives and approaches to analyse issues related to overtourism, COVID-19, small-scale tourism operations and entrepreneurship, mobility and climate change in tourism. Interdisciplinary chapters provide studies on animal-based tourism, nature-based tourism, domestic tourism, developing community-centric tourism and many other areas, within the paradigm of degrowth. This book offers significant insight on both the implications of degrowth paradigm in tourism studies and practices, as well as tourism’s potential contributions to the degrowth paradigm, and will be essential reading for all those interested in sustainable tourism and transformations through tourism.


Social Science Research

Social Science Research

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  • Author: Anol Bhattacherjee
  • Publisher: CreateSpace
  • ISBN: 9781475146127
  • Category : Science
  • Languages : en
  • Pages : 156

This book is designed to introduce doctoral and graduate students to the process of conducting scientific research in the social sciences, business, education, public health, and related disciplines. It is a one-stop, comprehensive, and compact source for foundational concepts in behavioral research, and can serve as a stand-alone text or as a supplement to research readings in any doctoral seminar or research methods class. This book is currently used as a research text at universities on six continents and will shortly be available in nine different languages.


Securities Market Issues for the 21st Century

Securities Market Issues for the 21st Century

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  • Author: Merritt B. Fox
  • Publisher:
  • ISBN: 9781982966850
  • Category : Securities
  • Languages : en
  • Pages : 476


Transforming the Workforce for Children Birth Through Age 8

Transforming the Workforce for Children Birth Through Age 8

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  • Author: National Research Council
  • Publisher: National Academies Press
  • ISBN: 0309324882
  • Category : Social Science
  • Languages : en
  • Pages : 587

Children are already learning at birth, and they develop and learn at a rapid pace in their early years. This provides a critical foundation for lifelong progress, and the adults who provide for the care and the education of young children bear a great responsibility for their health, development, and learning. Despite the fact that they share the same objective - to nurture young children and secure their future success - the various practitioners who contribute to the care and the education of children from birth through age 8 are not acknowledged as a workforce unified by the common knowledge and competencies needed to do their jobs well. Transforming the Workforce for Children Birth Through Age 8 explores the science of child development, particularly looking at implications for the professionals who work with children. This report examines the current capacities and practices of the workforce, the settings in which they work, the policies and infrastructure that set qualifications and provide professional learning, and the government agencies and other funders who support and oversee these systems. This book then makes recommendations to improve the quality of professional practice and the practice environment for care and education professionals. These detailed recommendations create a blueprint for action that builds on a unifying foundation of child development and early learning, shared knowledge and competencies for care and education professionals, and principles for effective professional learning. Young children thrive and learn best when they have secure, positive relationships with adults who are knowledgeable about how to support their development and learning and are responsive to their individual progress. Transforming the Workforce for Children Birth Through Age 8 offers guidance on system changes to improve the quality of professional practice, specific actions to improve professional learning systems and workforce development, and research to continue to build the knowledge base in ways that will directly advance and inform future actions. The recommendations of this book provide an opportunity to improve the quality of the care and the education that children receive, and ultimately improve outcomes for children.


The Wealth of Networks

The Wealth of Networks

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  • Author: Yochai Benkler
  • Publisher: Yale University Press
  • ISBN: 9780300125771
  • Category : Business & Economics
  • Languages : en
  • Pages : 532

Describes how patterns of information, knowledge, and cultural production are changing. The author shows that the way information and knowledge are made available can either limit or enlarge the ways people create and express themselves. He describes the range of legal and policy choices that confront.


The Industries of the Future

The Industries of the Future

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  • Author: Alec Ross
  • Publisher: Simon and Schuster
  • ISBN: 1476753652
  • Category : Business & Economics
  • Languages : en
  • Pages : 320

"Innovation expert Alec Ross explains what's next for the world, mapping out the advances and stumbling blocks that will emerge in the next ten years--for businesses, governments, and the global community--and how we can navigate them"--