Susan M. Collins is a senior fellow in Economic Studies at the Brookings Institution and a professor of economics at Georgetown University. Her publications focus on various dimensions of economic policy and performance for developing countries. Barry Bosworth is a senior fellow and Robert V. Roosa Chair in International Economics at the Brookings Institution. Miguel A. Soto-Class is the executive director of the Center for the New Economy, a Puerto Rico-based think tank focusing on economic development issues.
When the American economy could no longer deliver the American dream, entitlements were increased in an attempt to fill the gap between expectations and what the private sector could provide. Since the early 1970s, real purchasing power has been steadily eroding for approximately 75 million private sector workers. The American dream that a good education would lead to a decent job and a rising standard of living in a safe neighborhood has been dashed. Violent crime in America increases while expenditures on public safety rapidly increase.
Will America be the first world power to reverse its relative decline? Cosgrove maintains that Congress must initiate the upward process by restructuring itself. Rather than meeting in Washington, D.C., Congress should meet a maximum three to four months per year at a different site each year to achieve "American revitalization." Cosgrove's solutions to the problems of crime include law enforcement through use of bounty hunters to identify and capture alleged criminals, and to establish a fixed penalty system for violent crimes to make costs of committing crime clearer to everyone. Certain to be controversial, this intriguing examination of the state of affairs in the United States, and the author's recommended policies will be compelling reading for sociologists, policymakers, economists, and scholars with an interest in applied public policy for the long haul.
Using a combination of theoretical and empirical approaches, Economic Dualism in Zimbabwe demonstrates how economic dualism can be eliminated through structural transformation of the traditional agricultural sector and reallocation of labour across sectors. The author comprehensively discusses the origins of dualism in Zimbabwe, how it developed in land, labour, credit and financial markets, who stands to gain and lose from it, and ultimately what reforms are needed to eliminate dualism from the economic system. The book aims to complement efforts made by both North and South to transform this structurally embedded cause of underdevelopment and seeks to motivate change in the collective development agenda mindset.
This book will be of interest to graduate-level students, scholars, researchers and policy practitioners in the fields of Development Studies, Economics, Agricultural Policy, Labour Policy, Economic Planning and African Studies.
Labour and Development in East Asia shows that such inter-linkages between labour, geopolitical transformations, and states’ developmental strategies have been much more central to East Asia’s development than has commonly been recognised. By adopting an explanatory framework of the labour-geopolitics-development nexus, the book theorises and provides an historical analysis of the formation and transformation of the East Asian regional political economy from the end of the Second World War to the present, with particular reference to Japan, South Korea, Taiwan and China.
This book will be required reading for students and scholars of international relations, development studies and comparative politics.
The Decline in Saving provides an extensive and unparalleled account of the complexity of present saving patterns, an issue made even more serious by the 2008–09 global economic and financial crises. It objectively examines saving at both the individual household and the aggregate economy levels to understand whether the U.S. decline in saving is truly a threat to American prosperity.
Highlights from The Decline in Saving:
"The magnitude of the two-decade-long fall in household saving has been truly astonishing; it is even more surprising in view of the fact that the large cohort of baby boomers should have been in their peak saving years."
"If Americans save so little, why are they so rich? This divergence emerges because the conventional measure of saving excludes all forms of capital gains...."
"Saving behavior appears to be influenced in important ways by country-specific institutional factors along with a few common determinants, such as income growth, demographic changes, and variations in private wealth."
"In the aggregate, the United States has had a negative net national saving rate since the onset of the financial crisis, and it now relies on foreign resource inflows to finance all its capital accumulation and a portion of its consumption."
"The optimistic projections of just a few years ago about the future well-being of retirees now seem seriously dated."
We are familiar with maps that outline all fifty states. And we are also familiar with the idea that the United States is an “empire,” exercising power around the world. But what about the actual territories—the islands, atolls, and archipelagos—this country has governed and inhabited?
In How to Hide an Empire, Daniel Immerwahr tells the fascinating story of the United States outside the United States. In crackling, fast-paced prose, he reveals forgotten episodes that cast American history in a new light. We travel to the Guano Islands, where prospectors collected one of the nineteenth century’s most valuable commodities, and the Philippines, site of the most destructive event on U.S. soil. In Puerto Rico, Immerwahr shows how U.S. doctors conducted grisly experiments they would never have conducted on the mainland and charts the emergence of independence fighters who would shoot up the U.S. Congress.
In the years after World War II, Immerwahr notes, the United States moved away from colonialism. Instead, it put innovations in electronics, transportation, and culture to use, devising a new sort of influence that did not require the control of colonies. Rich with absorbing vignettes, full of surprises, and driven by an original conception of what empire and globalization mean today, How to Hide an Empire is a major and compulsively readable work of history.