The Customs Union Issue

Jacob Viners The Customs Union Issue was originally published in 1950 by the Carnegie Endowment for International Peace. It set the framework for the contemporary debate over the benefits or otherwise of preferential trading agreements such as the European Union, NAFTA, and APEC. Viner developed the concepts of trade creation and diversion in this work as he pioneered the analysis of the global politics of trade agreements. This revi...

Debt Restructuring

This is the first book to provide a complete comparative analysis of expedited corporate debt restructuring alternatives in the European Union. The work considers the different options available to a company facing a distress scenario and focuses on the options that provide expedited solutions to these issues. The techniques considered in full include: (1) out-of-court reorganization or (non-insolvency process-related) private workou...

Understanding Class

Leading sociologist examines how different readings of class enrich our understanding of capitalism Few ideas are more contested today than “class.” Some have declared its death, while others insist on its centrality to contemporary capitalism. It is said its relevance is limited to explaining individuals’ economic conditions and opportunities, while at the same time argued that it is a structural feature of macro-power relations. In...

Crapshoot Investing

This book is like a fast, furious, and sometimes airborne motorcycle ride. It hurtles along, avoiding the obstacles that lie in the path of investors, devilishly constructed by Wall Street and haplessly beyond the ken of the regulators. It is not a book that makes you feel good about your 401K, but you will laugh aloud often. McTague takes you through the Flash Crash moment by moment, revealing what happened and how it happened. Next...

The Market System: What It Is, How It Works And What To Make Of It

Ever since the worldwide collapse of Soviet-style communism, the triumph of the "market system" has been spoken of as a fait accompli, while the market has been touted as a panacea for every social ill from failing schools to Third World poverty. Lindblom (Politics and Markets: The World's Political-Economic System) explains what this "market system" is, details how it works, makes a strong case for its advantages and keenly outlines...

The Age Of Oversupply: Overcoming The Greatest Challenge To The Global Economy

An elegantly argued explanation of the anemic stagnation that has followed the recent financial crisis -- Nouriel Roubini, author of Crisis Economics A book that will make you think. Alpert does a magnificent job of analyzing the deeper underlying causes of our economic troubles -- Liaquat Ahamed, author of the Pulitzer Prize-winning Lords of Finance Alpert, banker and progressive think-tank fellow, contends that the central challeng...

China's Changing Welfare Mix: Local Perspectives

This book draws attention to two neglected areas in the growing body of research on welfare in China: subnational variation and the changing mix of state and non-state provision. The contributors to this volume demonstrate the diversity of local welfare provision that lies behind broad national policies and programmes. Their focus on local diversity is particularly relevant to understanding the welfare system in China because nationa...

Introduction To Credit Risk Modeling

There are so many financial tools available today and numbers are likely to grow in the future. If you work in this field of credit risk modelling it is worth looking at the theoretical background, and this book is a well-rounded introduction. Having a valid and up-to-date credit risk model (or models) is one of the most important aspects in today’s risk management. The models require quite a bit of technical as well as practical kno...

Aid On The Edge Of Chaos: Rethinking International Cooperation In A Complex World

Many agree that the foreign aid system - which today involves virtually every nation on earth - needs drastic change. But there is much conflict as to what should be done. In Aid on the Edge of Chaos, Ben Ramalingam argues that what is most needed is the creative and innovative transformation of how aid works. Foreign aid today is dominated by linear, mechanistic ideas that emerged from early twentieth century industry, and are ill-s...

Outage: Investment Shortfalls In The Power Sector In Eastern Europe And Central Asia

This study analyzes the impacts of the financial crisis on power sectors in five countries in the region: Armenia, Kyrgyz Republic, Romania, Serbia and Ukraine. Before the financial crisis, these countries faced expected power shortages as a result of large investment gaps. With the financial crisis, GDP dropped, leading to a drop in demand for electricity. The drop in demand created a window of opportunity for meeting investment nee...