Over the past twenty years, the study of industri... more

Over the past twenty years, the study of industrial organizationthe analysis of imperfectly competitive marketshas grown from a niche of micro-economics to a key component of economics and of related disciplines such as finance, strategy, and marketing. This book provides an issue-driven introduction to industrial organization. While formal in its approach, the book is written in a way that requires only basic mathematical training. Supplemental materials posted on the Web make more extensive use of algebra and calculus.... less

Are monopolies truly a problem in a free market?C... more

Are monopolies truly a problem in a free market?Competition is seen as a continuous process in a free market. This book comprehensively explores the competitive process in its two mechanisms, the transfer of market share from one rival to another, and innovation of a new product, new method of production, new market opening, or new source of supply of raw materials. The Economics of Competition uses the South African pharmaceutical industry as a case study to challenge accepted economic and regulatory views on competition and monopoly, then re-establishes and emphasizes the importance of foundational economic principles. The effects of public policy, legislation, and pricing regulations are discussed in detail. The book has several tables and figures to enhance clarity and is extensively referenced.This detailed examination is designed to be useful and informative for scholars and practitioners of competition (antitrust) law, microeconomics, industrial economics, industrial organization, managerial economics, and marketing strategy.... less

MACROECONOMICS provides readers with a running co... more

MACROECONOMICS provides readers with a running commentary on the standard approach, while simultaneously introducing them to a broader range of ideas about the causes and appropriate policy responses to a wide range of common economic problems. It explains the key principles that underlie a variety of alternative theoretical perspectives including institutionalist economics, radical economics, Post Keynesian economics, feminist economics, ecological economics, Marxist economics, social economics, and socioeconomics in clear and accessible style.Key Features The book provides a balanced critique of the standard introductory macroeconomic curriculum It brings alternative perspectives into the classroom in an accessible way that empowers students to think about the economy in new and exciting ways The book also includes end-of-chapter study questions, as well as a detailed note to instructors... less

Kautilya, also known as Chanakya, is Indias most ... more

Kautilya, also known as Chanakya, is Indias most illustrious political economist of all time. He regarded economic activity as the driving force behind the functioning of any political dispensation. In fact, he went to the extent of saying that revenue should take priority over the army because sustaining the army was possible out of a well-managed revenue system.Kautilya advocated limiting the taxation power of the State, having low rates of taxation, maintaining a gradual increase in taxation and most importantly devising a tax structure that ensured compliance. He strongly encouraged foreign trade, basing it on the premise that for a successful trade contract to be established, it had to be beneficial to all. He emphasised State control and investment in land, water and mining. Kautilya was a true statesman who bridged the gap between experience and vision. For Kautilya, good governance was paramount. He suggested built-in checks and balances in systems and procedures for the containment of malpractices. Many postulates of Kautilyas philosophy of political economy are applicable to contemporary times.... less

The housing sector plays a pivotal role in econom... more

The housing sector plays a pivotal role in economies across the globe. Its far-reaching social and economic implications are strong enough to build or unbuild nations. For instance, India and the US were able to tide over the recent recessions by relying on the steady growth of their housing markets. On the contrary, one of the causes of the South Asian economic crisis was the collapse of housing markets. In developed countries, the housing sectors contribution to the national GDP ranges between 15 and 20 percent, while in developing countries it varies between 3 and 5 percent. The real strength of the sector lies, not in its direct contributions to the economy, but in its multiplier or ripple effect (an ability to stimulate economic activity in other industries), due to the several linkages the housing sector enjoys with other industries, of an economy. The National Association of Realtors, USA, research findings reveal that in the US, a dollar increase in direct housing activity increases the overall GDP by $1.34 to $1.62, due to the multiplier effect. This book captures the relationship that exists between the housing sector and the economy by recounting the experiences of different states/countries from around the world. The experiences reveal but one common truth that housing is a global problem. Economic Book > Business & Economics > Development - 245 and prosperity cannot really be achieved by simply ignoring the housing sector.... less

Value Added Tax (VAT) is considered more superior... more

Value Added Tax (VAT) is considered more superior than other forms of commodity taxes. While USA does not have VAT, it does exist in about 130 countries, including India. Most federations debate on the issue of VAT due to controversies at the national or sub-national level. This book showcases the experiences of Brazil, India, Canada, Ghana and Australia in implementing VAT.... less

Can villages be transformed? Examining rural tran... more

Can villages be transformed? Examining rural transformation, the book explores policy initiatives, health and education, agriculture and examples of implementation. It looks into rural employment programs, financial institutions, GIS and distance learning to boost health and education efforts, and agricultural reforms. Included are initiatives of FAO, and cases drawn from Indian and overseas scenarios .... less

Since the processes of globalization and liberali... more

Since the processes of globalization and liberalization were put into effect in the 1990s, world attention has shifted to India and China. These two countries not only account for 40 percent of the world population but 20 percent of the global economy too, and both are the fastest growing economies worldwide. Though these two countries subscribe to different political ideologies, China is much ahead of India. This calls for a better understanding of how these countries attained such gigantic proportions of economic Book > Business & Economics > Development - 245 so that other countries can take their example and get ahead. But understanding the economic Book > Business & Economics > Development - 245s of these countries, explaining them and shaping and managing them are daunting tasks for the modern-day generation. This book makes a bold attempt at presenting a comprehensive overview of the economies of these countries and outlines the need for economic cooperation between them .... less

The macroeconomic model for Lebanon is developed ... more

The macroeconomic model for Lebanon is developed to analyse the effects of increased government expenditure, and its funding, upon key macroeconomic variables, and the governments current policy approach to the fiscal crisis. The book will be of interest to researchers and scholars of contemporary Middle East economies, as well as, more generally, those interested in macro modelling fiscal deficits and their funding in developing economies.... less

WTO ushered in opportunities and challenges to do... more

WTO ushered in opportunities and challenges to domestic and international economies. It traces the history of the WTO that was set up in 1995 and Chinas accession to it in 2001 after 15 years of negotiations. The book analyses the impact of Chinas entry into the WTO and how deftly it enabled foreign-funded banks to provide foreign-exchange services to Chinese clients.... less