Growth Exports And Jobs In A Changing World Economy

This book examines the critical themes of employment, growth and development to focus on challenges and opportunities, both old and new, in the contemporary world economy. The essential theme that runs through the book is that there is a strong relationship not only between employment and growth, but also between employment and development, where the causation runs in both directions. The author shows how employment transforms economic growth into meaningful development by providing livelihoods and incomes to people. While the book is primarily concerned with developing countries, it considers industrialized countries as points of reference or comparison, since the latter are a large part of an interdependent world, in which problems faced by the two sets of countries are frequently connected and sometimes common. The ten essays in this volume also provide a macroeconomic analysis of development problems situated in the wider context of a changing world economy, exploring possible solutions, to understand the implications for countries and for people. A timely collection by an eminent economist, this book will be useful to teachers, students and researchers in economics, especially those interested in macroeconomics, political economy and development studies.

Growth in a Time of Change: Global and Country Perspectives on a New Agenda is the first of a two-book research project that addresses new issues and challenges for economic growth arising from ongoing significant change in the world economy, focusing especially on technological transformation. The project is a collaboration between the Brookings Institution and the Korea Development Institute. Part I of the book looks at key elements of change from a global perspective. It analyzes how technological change, shifts in investment, and demographic transition are affecting potential economic growth globally and across major groups of economies. The contributors explore possible scenarios for the global economy as the digital revolution drives rapid technological change, including impacts on growth, jobs, income distribution, trade balances, and capital flows. Technology is changing the global configuration of comparative advantage and globalization increasingly has a digital dimension. The implications of these developments for the future of sectors such as manufacturing and for international trade are assessed. Part II of the book addresses new issues in the growth agenda from the perspective of an individual major economy: South Korea. The chapters in this section analyze how macroeconomic developments and technological change are influencing the behavior of households and firms in terms of their decisions to consume, save, and invest. Rising income and wealth inequalities are a major concern globally. Against this backdrop, trends in the labor income share and wage inequalities in South Korea are analyzed in terms of the role played by technology, industrial concentration, shifts in labor demand and supply, and other factors. Throughout the book, the contributors, in their analysis of both global and Korea-specific trends and prospects, place emphasis on drawing implications for policy.

Three of the largest and strategically most important nations in the world -the Soviet Union, China, and India - are currently in the throes of historic change. The reforms in the giants are transforming global economic and geopolitical relations. The United States must reexamine central tenets of its foreign policy if it is to seize the opportunities presented by these changes.This pathbreaking volume in the Overseas Development Council's series analyzes economic reform in the giants and its implications for U.S. foreign policy. Each of the giants is opening up its economy to foreign trade and investment. What consequences will this have for international trade? Each giant is attempting to catch up to global technological frontiers by absorbing foreign technologies: In what areas might cooperation enhance American interests, and in what areas must the U.S. protect its competitive and strategic assets? What role can key international economic institutions play to help integrate the giants into the international economy? The contributors suggest how U.S. foreign policy should anticipate these new circumstances in ways that enhance international cooperation and security.Contents: Overview: Economic Reform in the Giants and U.S. Policy, by Richard E. Feinberg, John Echeverri-Gent, and Friedemann Miiller; Economic Reform in the USSR, by Friedemann Miiller; Economic Reform in China, by Rensselaer W. Lee III; Economic Reform in India, by John Echeverri-Gent; The Politics of Economic Reform in the Giants, by John Echeverri-Gent, and Friedemann Miiller; Economic Reforms and International Trade, by Thomas Naylor; Technology Transfer to the Giants: Opportunities and Challenges, by Richard P. Suttmeier; and The Geopolitical Consequences of Reform in the Giants, by Elena Borisovna Arefieva.

In this volume, the contributors consider globalization as combining a market ideology with a corresponding material set of practices drawn from the world of business. Issues of managerialism, privatization and accountability - central values in business - have become central for universities and their administrators as well. The selections in the book help to illustrate the editors' contentions that globalization presents clear disadvantages as well as benefits, and that its effect on higher education is neither likely to be uniform nor the outcomes inevitable.