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Sai-wing Ho P: Industrial Development
and Division of Labour

Industrial Development and Division of Labour

A History of Analysis

Developing Ports as Business Ecosystems provides professionals in freight transport and maritime logistics, and specifically the ports industry, with a better conceptual understanding of the ports industry. It includes key insights and best practices for port management and development, and an overview of new trends and developments relevant to developing winning strategies.This second edition explains how a rapidly changing energy landscape and the advancing transition toward sustainability have deeply impacted port development in recent years. It provides an even more coherent, comprehensive contribution to port management, development and policies. The book uniquely features in-depth explanations of the port as an ecosystem, port governance and port policy choices, including public financing of ports. The new edition presents further developed analysis on the changing port landscape and the opportunities for business development in ports.This book will broaden professionals' conceptual understanding of the ports industry and provide insights into the latest developments in this area. For students, this book provides an industry-focused and non-technical "essential reading" for gaining a deep understanding of the ports industry.

Port Development, Management and Policy for a Better Ports Industry

Developing Ports as Business Ecosystems

Economic Perspectives on Institutions provides an introduction to the economic analysis of institutions, particularly with respect to the core issues of conflict, coordination and inequality, offering an essential synthesis of what we have learnt so far and highlighting the major gaps to be filled. Readers are introduced to some of the best ideas produced in the field of institutional economics and are provided with a critical assessment both of their ability to explain a number of crucial problems and to offer a guide to the choice of the best policies. This book will be essential reading to all those studying and researching in the field of institutional economics.

Economic and social institutions are more and more important in modern economic systems. Efficiency, equity and also economic evolution depend on them. Indeed, since the pioneering analyses of Coase, North and Williamson huge progress has been made in the understanding of the influence of institutions on the working of economic systems. However, institutions are still a rather disregarded topic both in the analysis of economic phenomena and in the design of economic policies. This book offers a critical assessment of the results achieved so far by the various strands of Institutional Economics that paves the way for further improvements.Economic Perspectives on Institutions provides an introduction to the economic analysis of institutions, particularly with respect to the core issues of conflict, coordination and inequality, offering an essential synthesis of what we have learnt so far and highlighting the major gaps to be filled. Readers are introduced to some of the best ideas produced in the field of institutional economics and are provided with a critical assessment both of their ability to explain a number of crucial problems and to offer a guide to the choice of the best policies. This book will be essential reading to all those studying and researching in the field of institutional economics.

Conflict, Coordination, Inequality

Economic Perspectives on Institutions

From the author of A People's Guide to Capitalism, a clear-eyed look at cryptocurrencies from the left, cutting through the glitz and the scams to reveal how crypto mirrors and exacerbates the crises of capitalism. 
 
Cryptocurrencies have gone from being fringe investments relevant only to hardcore adherents to a $3.7 trillion industry with a direct line to Donald Trump's White House. The promises of crypto are wide-ranging, preying on a basic reality: people are disaffected by an economic and financial system that has excluded them and wonder if cryptocurrencies can offer a more transparent and inclusive alternative. 
 
Challenge any of these notions, or raise concerns about crypto's associations with money laundering, the speculative bubbles ballooning around these assets, or the disastrous climate implications of the technology behind crypto, and you'll be told by proselytizers that you simply don't understand. That complexity is often intentional, serving as a shield from critical scrutiny. 
 
Enter Crypto-Capitalism, Hadas Thier's deft, accessible examination of the rise and fall and rise again of crypto. Drawing on years of reporting on the industry, its insiders, and the ordinary people impacted by its wild peaks and busts, Thier explains how cryptocurrencies work, elucidates the context and implications of their rise, and debunks the utopian mythology that animates their boosters. 
 
By showing that systemic exploitation and domination are inherent in a crisis-ridden capitalist economy and are matters of class power, not technology, Thier convincingly cuts through the froth and the lies of financial dystopia. Along the way, she opens up alternative avenues for imagining what economic democracy could actually look like.

The New Financial Dystopia

Crypto-Capitalism

Spatial Economics

An authoritative and cutting-edge exploration of how land, transportation, and economic forces shape cities, regions, and the distribution of economic activities from a local to a global scale. Land, by its very nature, is immobile and unproduced, creating competition for prime locations that drives disparities in economic outcomes. Transportation, meanwhile, serves as the mechanism for overcoming spatial frictions but imposes costs that influence where firms and individuals choose to locate. Together, these factors explain the emergence and persistence of cities, regional disparities, and even global patterns of economic concentration. In Spatial Economics, Hans R.A. Koster, Stef Proost, and Jacques-François Thisse explore how cities, regions, and the global economy are shaped by the interplay between location, land use, and transportation. The authors examine why economic activities are clustered in large metropolitan areas and dispersed in vast areas, driven by the balance between the gains from concentration and various congestion and pollution costs. Blending classical theories with modern data and modeling approaches, the book addresses urbanization, spatial inequality, and the effects of policies like infrastructure investments and land regulations. Accessible yet rigorous, it offers valuable insights for understanding the geographic organization of economic activity in today's interconnected world.

Ronald Coase Institute Series on New Institutional Economics

Ronald Coase's Nobel work outlined gains by reducing transaction costs and promoting property rights and markets to confront externalities. Countering market failure assertions and calls for centralized government intervention, Coase retorted that decentralized market negotiations could be welfare-improving by promoting collaborative, efficient problem solving, and releasing resources to the general economy. Despite this, his approach is not central to any US environmental law implemented after 1970. Federal government mandates dominate. Where's Coase? explains why. The private objectives of political agents lead to policies that are likely to be too costly and inequitable, despite provision of public goods. Citizens face high collective action costs and lack information to distinguish between public goods and private agent benefits. Examining three major environmental laws: the Clean Air Act, the Magnuson Stevens Fishery Act, and the Endangered Species Act, the book explores policy development and assesses the resulting costs relative to Coase's framework.

The Implications of Economic Property Rights or Rent-Seeking in Forming Institutions

Where's Coase?

Routledge Focus on Economics and Finance

Financial resilience is a concept that is gaining importance in the context of Environmental, Social and Governance (ESG) risk and can be considered from the perspective of any entity operating in the market economy, from households to local government units. This book presents the concept of financial resilience from a global and an international perspective, and through the prism of the Sustainable Development Goals (SDGs).It covers a broad spectrum, from the theoretical framework and the assessment of the current state of knowledge and research to the practical approach used in financial institutions. The book's key contribution is that it examines the link between the SDGs and financial resilience, which is an interesting and under-researched observation. Its original and innovative approach to financial resilience fills this research gap and also includes a discussion of artificial intelligence (AI) and digitalisation.The book provides empirical analyses, case studies and a framework, strategies and recommendations for building financial resilience. As such, it will be a valuable source of knowledge for students, academics, researchers and policymakers in the field of finance, and particularly green and sustainable finance.

Financial Resilience and the Sustainable Development Goals

Elements in the Economics of Emerging Markets

This Element critically examines the claim that United States economic sanctions on Venezuela constituted 'collective punishment' of the Venezuelan population, contributing significantly to the country's economic collapse and humanitarian crisis. Through comprehensive analysis of economic, developmental, and welfare indicators from 2013 to 2023, it demonstrates that the bulk of Venezuela's economic devastation - including 52 percent of GDP losses and 98 percent of import declines - largely occurred before financial sanctions were imposed in August 2017. Key welfare indicators such as infant mortality, undernourishment, and life expectancy had deteriorated substantially by 2017 and subsequently stabilized or improved following sanctions implementation, contradicting narratives that attribute Venezuela's collapse primarily to external economic pressure. The Element provides a timeline of Venezuelan economic and political events around sanctions and a critical review of the literature on their economic effects. This title is also available as Open Access on Cambridge Core.

Rethinking the Impact of US Sanctions on Venezuela

From Collective Punishment to Constraints on Authority

Renowned economist Josh Ryan-Collins provides the ideal pedagogical resource for anyone concerned with the major role central banks play in shaping all of our economic opportunities and daily lives. This book provides a concise, authoritative overview of the history and stated purpose of central banks. With critiques of principles and actions that have emerged since the 2008 crash, Ryan-Collins's own and others' proposals offer a solution of how to reform them. In a clear, easy-to-follow structure, it offers historical-normative descriptions of the evolution and role of central banks alongside "myth-busting" chapters explaining the salient critiques of, and proposed alternatives to, principles at the heart of central-bank thinking. Along the way, it covers the major issues preoccupying critical central banking studies and political economics today, including housing inequalities, climate change, digital currencies, and the potential impact of artificial intelligence.

Financial Policy for an Age of Polycrisis

Rethinking Central Banking

Economists dream of equilibrium. It's time to wake up. In mainstream economics, markets are ideal if competition is perfect. When supply balances demand, economic maturity is orderly and disturbed only by shocks. These ideas are rooted in doctrines going back thousands of years, yet, as James K. Galbraith and Jing Chen show, they contradict the foundations of our scientific understanding of the physical and biological worlds. Entropy Economics discards the conventions of equilibrium and presents a new basis for thinking about economic issues, one rooted in life processes--an unequal world of unceasing change in which boundaries, plans, and regulations are essential. Galbraith and Chen's theory of value is based on scarcity, and it accounts for the power of monopoly. Their theory of production covers increasing and decreasing returns, uncertainty, fixed investments over time, and the impact of rising resource costs. Together, their models illuminate key problems such as trade, finance, energy, climate, conflict, and demography. Entropy Economics is a thrilling framework for understanding the world as it is and will be keenly relevant to the economic challenges of a world threatened with disorder.

The Living Basis of Value and Production

Entropy Economics

Routledge Studies in the European Economy

The book argues that economic credibility should be assessed not only on the basis of financial stability and economic growth, but also on the state's ability to maintain democracy and long-term social cohesion.Why do some countries maintain economic stability and investor confidence, while others experience credibility crises? This book examines how political decisions, institutional integrity and public trust shape economic policy. The authors highlight the consequences of populist governments, which often undermine economic efficiency and democratic stability. The book analyses how populist governments affect a country's economic credibility and long-term stability. It offers a comprehensive framework for assessing a country's economic credibility that goes beyond conventional financial indicators, advocating for a more holistic approach that supports democracy. Supported by research contained in reports on Poland's economic credibility index, the book benefits from data visualisations, policy recommendations and comparative analyses of state models, resources which provide the reader with practical tools for assessing economic credibility in various contexts.This book will be of interest to policy makers, economists, political scientists and business leaders, among others. With its multidisciplinary approach to the links between economic policy and institutional credibility, it provides valuable insights for those seeking to understand the complexity of modern governance.

Governance, Institutions, and the Challenge of Populism

The Economic Credibility of the State

Contributions to Economics

The new macroeconomics is about distributions and flows, rather than points and intersections. Market frictions imply that the search for trading partners is time consuming and costly. Consequently, market participants flow between economic states, and trades occur at dispersed prices. This generates motives for continued search for better market opportunities, and for bargaining between potential trading partners. This volume takes the empirical analysis of markets with frictions to a new level by using unique merged registers from Denmark on firm accounting data, individual employee data, and international trade data to estimate empirically the relevant flow rates, dispersions, and relations among key variables of interest, including productivity, firm size, wages, exports, growth, and unemployment. The results serve to inform researchers and policy makers about the functioning of markets, justify the interpretation of dispersion and flows as equilibrium outcomes, and provide an understanding of cycles, adjustment, and potentials for public policy.

The new macroeconomics is about distributions and flows, rather than points and intersections. Market frictions imply that the search for trading partners is time consuming and costly. Consequently, market participants flow between economic states, and trades occur at dispersed prices. This generates motives for continued search for better market opportunities, and for bargaining between potential trading partners. This volume takes the empirical analysis of markets with frictions to a new level by using unique merged registers from Denmark on firm accounting data, individual employee data, and international trade data to estimate empirically the relevant flow rates, dispersions, and relations among key variables of interest, including productivity, firm size, wages, exports, growth, and unemployment. The results serve to inform researchers and policy makers about the functioning of markets, justify the interpretation of dispersion and flows as equilibrium outcomes, and provide an understanding of cycles, adjustment, and potentials for public policy.

Evidence from Danish Matched Employer-Employee Data

Firm Heterogeneity, Labor Markets and International Trade

Industrial Development and Division of Labour

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