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Bhupendra Thapa

The Economic Puzzle: Connecting the Pieces

Understanding China

Economic Analysis of China's Rise

The discovery of major offshore oil reserves in 2015 set Guyana on a transformative path, culminating in the establishment of its oil industry and positioning the country among the world’s top producers per capita. This rapid ascent contrasts sharply with decades of underdevelopment, when the country remained at the bottom of the global ladder despite its rich natural resources. Today, Guyana faces the dual challenge of managing newfound wealth and safeguarding against the resource curse and Dutch disease, all within a context of political polarization, ethnic diversity, and governance distress.
 
 This book examines the democratic foundations essential for stability and development, focusing on electoral system design and reform. It explores twelve systems in practice worldwide, the nuanced properties that shape electoral outcomes, and the implications of diversity for inclusive governance. The chapters also explore election management structures, which are critical to democratic legitimacy and fairness.
 
 Drawing on international experience and a growing body of literature, this book argues that Guyana’s development ambitions hinge on institutional strengthening—beginning with electoral reform. Electoral reform would take a targeted approach to improving fairness, reducing zero-sum governance, and creating conditions for sustainable democracy. The resulting book underscores the need for a comprehensive, consultative process and highlights the enduring roles of civil society and political elites in shaping institutional change.
 Desmond Thomas
 is an economist and former Lead Economics Specialist with the Inter-American Development Bank. He was a lecturer in economics at the University of the West Indies, an adjunct professor at the University of Trent, Ontario, Canada, and Florida International University (FIU), a visiting scholar at the Latin American and Caribbean Center at FIU, and Wolfson College Visiting Fellow at Cambridge University. He is a coeditor of Economic Challenges in Early 21st Century Guyana (Palgrave Macmillan, 2024).

The discovery of major offshore oil reserves in 2015 set Guyana on a transformative path, culminating in the establishment of its oil industry and positioning the country among the world’s top producers per capita. This rapid ascent contrasts sharply with decades of underdevelopment, when the country remained at the bottom of the global ladder despite its rich natural resources. Today, Guyana faces the dual challenge of managing newfound wealth and safeguarding against the resource curse and Dutch disease, all within a context of political polarization, ethnic diversity, and governance distress.
 
 This book examines the democratic foundations essential for stability and development, focusing on electoral system design and reform. It explores twelve systems in practice worldwide, the nuanced properties that shape electoral outcomes, and the implications of diversity for inclusive governance. The chapters also explore election management structures, which are critical to democratic legitimacy and fairness.
 
 Drawing on international experience and a growing body of literature, this book argues that Guyana’s development ambitions hinge on institutional strengthening—beginning with electoral reform. Electoral reform would take a targeted approach to improving fairness, reducing zero-sum governance, and creating conditions for sustainable democracy. The resulting book underscores the need for a comprehensive, consultative process and highlights the enduring roles of civil society and political elites in shaping institutional change.

Electoral Reform for a Stable Democracy in Guyana

Oil, Diversity, and Electoral Justice

World Scientific Lecture Notes In Economics And Policy

ECONOMICS OF INNOVATION: AN INTRODUCTION

This textbook provides a comprehensive overview of macroeconomic relationships and explains the most important macroeconomic variables in a clear and accessible way. Readers are introduced to key concepts such as inflation and aggregate demand. They learn, among other things, how economic crises arise and how money, capital, and goods markets function and interact. The book complements business administration studies and provides economic knowledge that can be applied in business practice. Detailed explanations, application-oriented and practice-based examples, as well as exercises, make it easy even for non-economists to understand complex macroeconomic topics. The third edition has been revised and expanded to include current topics such as the COVID-19 crisis and a new chapter on the development of macroeconomics.The Content<ul><li>National Accounts</li><li>Neoclassical Macroeconomic Model</li><li>Inflation</li><li>The Monetary Policy of the European Central Bank</li><li>Keynesian Theory</li><li>Business Cycle Theories</li><li>International Financial Markets</li><li>The Development of Macroeconomics as a Science</li></ul>About the Author&nbsp;Prof. Dr. Christian A. Conrad teaches Economics and Business Ethics at the University of Applied Sciences for Technology and Economics of Saarland. Previously, he worked as a Senior Key Account Manager in the national and international corporate banking business of a major German bank.The translation was done with the help of artificial intelligence. A subsequent human revision was done primarily in terms of content. 
 This book is a translation of an original German edition. The translation was done with the help of artificial intelligence (machine translation by the service DeepL.com). A subsequent human revision was done primarily in terms of content, so that the book will read stylistically differently from a conventional translation.

This textbook provides a comprehensive overview of macroeconomic relationships and explains the most important macroeconomic variables in a clear and accessible way. Readers are introduced to key concepts such as inflation and aggregate demand. They learn, among other things, how economic crises arise and how money, capital, and goods markets function and interact. The book complements business administration studies and provides economic knowledge that can be applied in business practice. Detailed explanations, application-oriented and practice-based examples, as well as exercises, make it easy even for non-economists to understand complex macroeconomic topics. The third edition has been revised and expanded to include current topics such as the COVID-19 crisis and a new chapter on the development of macroeconomics.

A Practical Introduction

Applied Macroeconomics

Advances in African Economic, Social and Political Development

As the global shift toward a green economy accelerates, the demand for critical raw minerals—such as cobalt, lithium, and rare earth elements—has surged, placing Africa at the center of a new geopolitical landscape. Resource-rich countries on the continent are increasingly becoming focal points of competition among global powers, including the EU, the US, and China.This growing interest brings with it significant geopolitical, economic, environmental, and security implications. This book offers insights into the evolving geopolitics surrounding Africa’s critical raw minerals within the context of the global green transition.It critically examines the concept of “green growth” as it applies to Africa, exploring challenges related to resource security, the risk of perpetuating historical patterns of exploitation, and the environmental and social impacts of large-scale mining activities.Ultimately, this book seeks to answer a pressing question: Is Africa’s green transition truly sustainable, or is it another form of resource extraction under the banner of sustainability?The first part of the book provides a macro-level perspective, focusing on the global race for African resources and the broader concept of green growth. The second part presents a series of case studies that explore the topic from socioeconomic, developmental, environmental, and legal angles.

As the global shift toward a green economy accelerates, the demand for critical raw minerals - such as cobalt, lithium, and rare earth elements - has surged, placing Africa at the center of a new geopolitical landscape. Resource-rich countries on the continent are increasingly becoming focal points of competition among global powers, including the EU, the US, and China.This growing interest brings with it significant geopolitical, economic, environmental, and security implications. This book offers insights into the evolving geopolitics surrounding Africa’s critical raw minerals within the context of the global green transition.It critically examines the concept of “green growth” as it applies to Africa, exploring challenges related to resource security, the risk of perpetuating historical patterns of exploitation, and the environmental and social impacts of large-scale mining activities.Ultimately, this book seeks to answer a pressing question: Is Africa’s green transition truly sustainable, or is it another form of resource extraction under the banner of sustainability?The first part of the book provides a macro-level perspective, focusing on the global race for African resources and the broader concept of green growth. The second part presents a series of case studies that explore the topic from socioeconomic, developmental, environmental, and legal angles.

Geopolitics, Resource Security and Development

Rethinking African Green Growth

ADVANCED MACROECONOMICS: AN INTRODUCTION FOR UNDERGRADUATES (SECOND EDITION)

Contributions to Economics

Pasquale L. Scandizzo holds a Ph.D. from the University of California, Berkeley. He is Professor of Political Economy, past Director and Fellow of the Center for Economic and International Studies, Senior Fellow and Member of the Advisory Board of the University of Rome “Tor Vergata” Foundation, President of the Villa Mondragone Economic Development Association, President Emeritus of the Italian Society of Development Economics, and Chairman of OpenEconomics International, a university spin off focusing on project evaluation and economic development. His former institutional positions include the Governing Board of the Italian Institute of Statistics, the Italian Institute for Economic Planning (President), the National Planning Board, the Italian Parliamentary Budget Committee (Senior Adviser), the Ministry of Economics and Finance (Economic Adviser) the World Bank (Senior Economist and Research Coordinator). He has developed widely published methodologies to evaluate public investment programs, by combining option theory, cost benefit analysis and computable general equilibrium methods, and
 
 has been advising the World Bank and other multilateral institutions on the applications of these methodologies to policies of sustainable development.

This study explores the transformative potential of Artificial Intelligence (AI) in the tourism sector, emphasizing its role in enhancing service quality, operational efficiency, and global reach. To assess future impacts, the study uses a Social Accounting Matrix (SAM) and a Computable General Equilibrium (CGE) model built on GTAP 11 data. A scenario analyzing €66 billion in AI-tourism investments across G7 and other nations suggests strong short-term returns, particularly for capital and skilled labor, with the U.S. leading due to favorable infrastructure and market conditions. These findings point to the need for skill development and equitable policy design. AI’s capacity to personalize experiences and optimize operations positions it as a key driver of sustainable growth in tourism, with considerable economic spillovers and transformative potential across global markets.

A General Equilibrium Analysis

Tourism, Structural Features and Artificial Intelligence

This research monograph examines agricultural e-commerce in emerging economies as a problem of market design rather than technology adoption. It asks a single question: how is digital readiness converted into trusted, formal and scalable agricultural transactions?Kazakhstan serves as the primary case, combining substantial agricultural potential, long distances between producers and consumers, uneven regional development, strong digital infrastructure and active policy interest in platform-based market access. Drawing on fieldwork in Azerbaijan and Malaysia, the book compares three contrasting routes to the same problem: infrastructure-led and private, administration-led and public, and platform-led and public.The author argues that readiness is conjunctive - the weakest layer binds - and that the constraint which recurs across all three countries is organisational: the capacity to aggregate dispersed smallholder output into commercially transactable consignments. The book closes with a sequencing framework for policy.It will interest economists of emerging markets and the digital economy, agricultural economists, and policymakers working on digital trade and rural market development.

This research monograph examines agricultural e-commerce in emerging economies as a problem of market design rather than technology adoption. It asks a single question: how is digital readiness converted into trusted, formal and scalable agricultural transactions?Kazakhstan serves as the primary case, combining substantial agricultural potential, long distances between producers and consumers, uneven regional development, strong digital infrastructure and active policy interest in platform-based market access. Drawing on fieldwork in Azerbaijan and Malaysia, the book compares three contrasting routes to the same problem: infrastructure-led and private, administration-led and public, and platform-led and public.The author argues that readiness is conjunctive - the weakest layer binds - and that the constraint which recurs across all three countries is organisational: the capacity to aggregate dispersed smallholder output into commercially transactable consignments. The book closes with a sequencing framework for policy.It will interest economists of emerging markets and the digital economy, agricultural economists, and policymakers working on digital trade and rural market development.

Agricultural E-Commerce in Emerging Economies

Macroeconomic Insights and Policy Solutions for Sustainable Growth

Transforming Economic Development Across the Nations of Africa

Current Chinese Economic Report Series

This book offers a comprehensive and forward‑looking examination of China’s strategic shift toward “dual circulation,” revealing the emerging trends and structural challenges that define this transition. It argues that the reform and reconstruction of China’s macro resource allocation system—long shaped by an export‑oriented growth model—has become essential for aligning the national economy with the demands of a more internally driven development pattern. Drawing on in‑depth analysis across fiscal, monetary, financial, industrial, agricultural, labor, and consumption dimensions, the volume provides critical insights into how China can restore growth to its potential rate, reduce financing costs for the real economy, strengthen employment‑first policies, and ensure a smooth strategic transformation. With contributions from leading experts, this book serves as an indispensable guide for scholars, policymakers, and global readers seeking to understand the mechanisms, opportunities, and long‑term implications of China’s evolving development strategy.

Analysis and Forecast of China's Economic Situation in 2021

Structuralism, Dependency Theory, and Sustainable Development Goals

Economics of Sustainable Growth

Building Tax Capacity in Africa

The Economic Puzzle: Connecting the Pieces

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