Because the potential returns appear to be greater in poorer countries than in the developed world, modern economic theory implies that rich countries should continually invest in poor countries until returns balance out.
William is an economist, which means he is good at reducing an infinitely complex world into a set of clear, rational principles about the way people and markets behave. Unfortunately, he has never been able to replicate this in the world of romance. In this book, he sets out to apply the rules of economics to save his floundering love life.
Presents analysis of the economic course of the last seven years. This book identifies the origin of the crisis in the complex interaction between globalization, hugely destabilizing global imbalances and our dangerously fragile financial system.
A study of economics and its purpose. It examines our modern economic system - its use of resources and impact on how we live - questioning whether they reflect what we truly care about.
Provides a comprehensive coverage of statistical concepts and methods delivered in a student friendly, step-by-step format. This book includes self-reviews, cumulative exercises, and coverage of software applications including Excel, Minitab, and MegaStat for Excel.
Every business area relies on an understanding of statistics to succeed. Statistics for Business and Economics by Carlos Cortinhas and Ken Black shows students that the proper application of statistics in the business world goes hand-in-hand with good decision making.
In his number 1 bestseller, Vince Cable, 'the sage of the credit crunch' (Daily Telegraph) explains how we got in to this mess and what it means.'The best book you can read to understand what on earth is going on out there.' Independent
To understand the 2008 financial crisis, Neil Fligstein looks to the business models of the big US banks. He shows how firms got hooked on mortgages-originating them, securitizing them, selling those securities, and even buying the same securities. In time their addiction nearly collapsed the economy.
This original and panoramic book proposes that the underlying forces of demography and globalisation will shortly reverse three multi-decade global trends - it will raise inflation and interest rates, but lead to a pullback in inequality.
In his best selling book Capital in the Twenty-First Century, economist Thomas Piketty argues that capitalism has no tendency towards a fair distribution of wealth taking issue with the idea that inequality declines as capitalism matures.