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Globalization in economics sciences means the movement of goods and services and financial flows along international borders. The book presents a rich literature review to establish the efficacy of globalization in raising income levels across nation states as well as it is foundational to economic development of a nation state. However, with a recent trade war between US and China, it is now understood that globalization that started with reduction in trade barriers across nation states in 1980s is concluding. Notwithstanding the conclusion of hyper globalization after US and China trade war when President Trump imposed multi-billion dollars of tariffs on Chinese imports in 2016, international trade is still central to every country's national progress through foreign exchange earnings. This book analyses how globalization can be interacted with socio-economic variables like rule of law, educated population or democracy to create an effective pro poor strategy for developing countries. If international trade is embraced without having significant improvements in social sector, globalization may create income disparities because international trade and globalization favors urban areas and educated segments of the population in developing countries.
The book sets an agenda for economic prosperity within nation states. The proximate causes of Economic Development range from proximity of countries to international markets to sectoral development within domestic economies where Industry should take a central role, An early emphasis on industrial development was an outcome of wage inequalities particularly in manufacturing sector favoring skilled labor. However not only that manufacturing pays are not fair towards unskilled labor, in most of the developing countries manufacturing doesn't represent value addition and vertical development where technology is adopted with the exception of China, India and East Asia in the developing South. To get best returns from international trade, in addition to financial development, there needs to be an environment that promotes innovation and creativity. Democratic values address this challenge and additionally a culture of entrepreneurship develops technology products indigenously that are beneficial to both economy and society. Thereby, this book discusses the importance of social entrepreneurship at length drawing attention to the latest initiatives at Harvard Business School (HBS).
O livro faz uma revisão da literatura mais recente que surge nos meios de comunicação social populares nos EUA e, assim, oferece uma nova perspetiva sobre a forma como o movimento Making America Great Again (MAGA) deve ser redefinido, mais orientado para os valores liberais que tradicionalmente têm dado força à economia e à política externa dos EUA. O livro é a primeira tentativa do género de chegar aos movimentos supremacistas brancos, desvinculando-os da etiqueta do neonazismo.
Il libro illustra come i valori femministi siano stati la fonte della prosperità economica di una società e come questi valori si siano tradotti nello sviluppo economico degli Stati nazionali e nella trasformazione pacifica della società civile. I valori femministi sono sinonimo di leadership, gentilezza e compassione che costruiscono una società affidabile ed etica. Nell'era della routine meccanica e dell'orientamento materialista, sono i valori femministi a salvaguardare l'unità della famiglia per una maggiore efficienza e produttività degli agenti economici di un nucleo familiare. Il libro richiama l'attenzione su una maggiore comprensione delle società tradizionali, che può guidare le moderne teorie femministe che compiono buoni sforzi per garantire pari diritti alle donne. Le teorie femministe non dovrebbero rifiutare a torto i valori tradizionali che danno maggior valore all'unità familiare. Il libro mostra chiaramente che ciò diventa importante soprattutto nell'era dell'intelligenza artificiale. Inoltre, il libro contiene un dialogo dettagliato con il Presidente della Banca Mondiale Ajay Banga sul ruolo futuro della Banca per lo sviluppo della comunità nei Paesi in via di sviluppo attraverso l'empowerment delle donne.
The Book provides discussion on how Feminist Values have been the source of economic prosperity within a society and these values are duly translated into economic development of nation states and a peaceful transformation of civil society. The Feminist Values stands for leadership, kindness and compassion that builds trustworthy and ethical society. In the age of mechanical routines and materialistic orientation, it is the feminist values that safeguard the unit of family towards greater efficiency and productivity of economic agents in a household. The book draws the attention towards greater understanding of traditional societies that can guide modern day feminist theories that make good effort for securing equal rights for women. Feminist theories should not out rightly reject traditional values that put greater value to unit of family. The book evidently shows that this becomes important especially in the age of Artificial Intelligence. Furthermore, the book contains a detailed dialogue with the World Bank President Ajay Banga on future role of the Bank for community development in developing countries through women empowerment.
The Book contains foundations of new economic theory that is suitable for a world that has become multi polar again due to China emerging as New Global Economic Hub, while India is following pursuit and United States is experimenting between Neo Classical Economics and Heterodox Economics. The book provides a detailed discussion on ways and methods that can consolidate world politics, economics in tandem with future AI technologies to best serve the interest of humanity and our future generations. The book concludes with happy stories that explain the futility of divided world based on color or different social and religious identities while finding common translations to our diverse ideas in politics, economics and religion.
As MIT Economist Daron Acemoglu suggests that human economic and social construct may not be prepared for a world dominated by AI and related new technologies. However, it is more of a caution than the reality of the future. It is very important to understand that capitalism has to be redefined and then the world should trust the young generation amongst us to define the utility and application of AI and related technologies by creating a new culture drawing strength from building a society based on Democracy, Human Rights, Freedom of Expression and Guided Spirituality. Furthermore, the book provides some new ideas about AI technologies that would be introduced in near future for various public welfare purposes and utilized in virtual world.
The book provides review of latest literature emerging in popular media in the US and thereby provides new perspective about how Making America Great Again (MAGA) movement should be redefined that is more oriented towards the liberal values that has traditionally provided strength to the US Economy and Foreign Policy. The book is a first attempt of its kind to reach out to White Supremacist movements by delinking it from the tag of neo Nazism.
The book suggests that international trade and outsourcing helps developed countries to increase output of their products and reach global markets in cost effective ways as in case of US technology firm Apple when compared to its Asian competitor Samsung. In other words, international trade helps firms to produce higher output at lower prices. In contrast, in case of a trade war the consumers are faced with higher prices and lower output even if domestic and international demand of the technology product is elastic. The discussion also maps the methods for SMEs in Pakistan to evolve out of its usual mandate for community development into such a business making process whereby idea innovation and virtual technologies can enable SMEs to reach out to regional and national client base in addition to a local one. The book discusses the facilitation of enabling environment to the Pakistani entrepreneur by steps that may go beyond favorable regulation for a particular sector but may include increased involvement of financial subsidiaries to give bank guarantees and easy credit for new business development and value co creation in projects like Special Industrial Zones under CPEC.
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