Development
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Conference paper
Profits Without Prosperity: How Stock Buybacks Manipulate the Market, and Leave Most Americans Worse Off
Apr 2014
Five years after the end of the Great Recession, corporate profits are high and the stock market is booming. Yet most Americans are not sharing in the apparent prosperity.
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Conference paper
Who should do R and who should do D?
Apr 2014
This article studies the reasons for the under-investment in research vs. development in the decentralized equilibrium and argues that this bias provides a micro-foundation for the government direct involvement in conducting applied research rather than just financing it.
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Roiling India Politics Risks Economic Reforms
Jan 24, 2014
India’s economic leaders are determined to rein in skyrocketing inflation, but the country’s volatile political landscape may prevent reforms from taking hold.
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Finance to Support Growth
Dec 12, 2013
What is most demoralizing to participants in the financial markets? Falling prices? Constant volatility? How about a vacuum of trust?
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What is Economic Success?
Oct 11, 2013
“You are now leaving the world as you know it.”
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Conference paper
The Two Innovation Economies: Follower and Frontier
Sep 2013
Can China lead the way on innovation?
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The Good Life The Challenge of Progress in China Today
ConferenceSep 7–8, 2013
Every nation faces the challenge of imagining what a good life means. Sound nutrition, shelter, health care, personal safety, social stability, security of savings, clean air and water, and the development of children are among the elements of what many envision as vital to a happy and healthy society.
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Aziz Premji Summer School 2013
WorkshopJul 4–11, 2013
Between July 5th and 12th, the second annual summer school in development economics, jointly sponsored by Azim Premji University and the Institute for New Economic Thinking, was held in Bangalore, India.
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Growth, Debt, and Past versus Future: A Visual Elaboration
Jun 5, 2013
How does debt influence growth?
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Conference paper
Poles Apart? Party Polarization and Industrial Structure in American Politics Now
Apr 2013
Only a few years ago, comparisons of American politics to opéra bouffe were not outrageously farfetched at least if you were not poor or sick.
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Conference paper
Austerity, Polarity and the Prospect of Regime Change: China
Apr 2013
Since the dawn of this millennium, and long before the current financial turmoil and the subsequent bitter pill of austerity therapy hit the Untied States and the European Union, the Chinese Communist Government has publicly recognized the monumental challenge of polarity.
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Conference paper
Assessing Development
Apr 2013
There are a number of possible purposes in assessing the level of economic development of a country or part of a country. The assessment may provide an incentive for better development, particularly if it can be compared meaningfully with assessments for other countries.
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Austerity, Polarization, and the Prospect of Social Disorder
Apr 5, 2013 | 06:50—08:20
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What is Development?
Apr 5, 2013 | 08:30—09:15
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Conference paper
Domestic Rebalancing to Reduce Global Imbalances: The Role of Financial Market Measures
Apr 2013
“Taking advantage of the opportunity offered by the structural adjustments of the global economy…”The decisions on the four modernisations taken at the Third Plenum represented a radical change in Chinese domesticdevelopment strategy.