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Bhupendra Thapa

The Global Economic Impact of Structural Adjustment Programs

An Analysis of Economic Reforms, Development, and Global Financial Institutions

This book presents an innovative economic theory that successfully integrates the "effective market" and the "capable government" into a unified model. Moving beyond the traditional view of market versus state, it demonstrates how these forces can work together organically, drawing key insights from China's economic development story. The work constructs a comprehensive rational synthesis model, assigning balanced weight to both market mechanisms and government action. It establishes corresponding macroeconomic goals and policy frameworks. Building on this foundation, the book offers a unified analysis of economic growth theory and identifies the optimal balance point between government intervention and market freedom. Ultimately, this groundbreaking contribution, rooted in China's successful practice, offers a vital new perspective for understanding modern economies. It positions China's economic model and theory for greater global influence, contributing fresh pathways for development within today's rapidly changing world and the pursuit of a shared future for mankind.

This book presents an innovative economic theory that successfully integrates the "effective market" and the "capable government" into a unified model. Moving beyond the traditional view of market versus state, it demonstrates how these forces can work together organically, drawing key insights from China's economic development story. The work constructs a comprehensive rational synthesis model, assigning balanced weight to both market mechanisms and government action. It establishes corresponding macroeconomic goals and policy frameworks. Building on this foundation, the book offers a unified analysis of economic growth theory and identifies the optimal balance point between government intervention and market freedom. Ultimately, this groundbreaking contribution, rooted in China's successful practice, offers a vital new perspective for understanding modern economies. It positions China's economic model and theory for greater global influence, contributing fresh pathways for development within today's rapidly changing world and the pursuit of a shared future for mankind.

Theoretical Perspectives

The Innovation of Economic Theory in China

Why the consequences of a prolonged period of weaker economic growth will be more profound than anyone dares to predictIn the heady progress of the post-war era, our lifestyles changed, our political systems adapted, and rapid economic growth became the model of every developed economy. But this prevailing consensus is falling apart around us. Growth is now, at best, no more than anaemic. Policymakers dream about an AI revolution and tweak their fiscal rules to accommodate a newly-austere economic reality but, all the while, government debt soars, financial markets become increasingly jittery, and voters lose trust in their politicians.Celebrated economist Stephen D. King asks how our politics will adapt to such persistently low growth. While leaders make fiscal promises based on a future that is unlikely to materialise, nationalism thrives, battlelines are drawn between perceived winners and losers, and the rules-based international order crumbles. The absence of growth triggers invidious political wrangling over tax, welfare, defence and infrastructure, intensifies competition for resources, and leads to social instability.King shows how our new world is governed by them-and-us divisions over limited economic spoils. This is the political economy of plunder.&nbsp;

Winners and Losers in the Low Growth Era

The Age of Plunder

An urgent declaration that advances an internationalism from below focused on people and movements as agents of our collective liberation

We belong to a single transnational struggle-and we stand against an internationally organized elite. We know that if we remain isolated, we will achieve nothing. We have begun to weave a network of planetary connections from front lines to popular assemblies, from feminist strikes to resistance committees, from occupied roundabouts to occupied forests, and have discovered a common sensibility.

Revolutions of Our Times draws on the experience of uprisings taking place across the globe over the past two decades and sets out a vision for revolutionary internationalism.

"Although everything has been done to belittle the power of people in revolt, its impact has proved contagious .... Hope, courage, and insurrection have crossed bodies, territories, and all borders."-from the introduction

An Internationalist Manifesto

Revolutions of Our Times

When ChatGPT was launched in November 2022, it captured the imagination of the public as well as leading companies, including the banking sector. But as people explored ChatGPT they soon found flaws. Lawyers and judges realised they had relied on non-existent case law. Others discovered that ChatGPT claimed to be the author of books and articles that existed long before it was created. Despite these 'hallucinations', banks remain attracted by the claim that AI can answer and ask questions, generate text, draft emails and translate natural language to code. Customer relations have in some cases been improved by using this technology, thus cutting costs and improving productivity and profits. Drawing on original, candid interviews with senior figures in the sector, How AI will revolutionise banking analyses the risks and challenges to banks and their regulators, as well as proposed solutions to issues such as hallucinations. It offers a comprehensive, up-to-date account of this exciting new technology and what it means for the world of finance.

And what it means for banks and their clients

How AI will revolutionise banking

Bloomsbury Fandom Primers

This book delves into the world of "fandom nationalism," where the lines between fan devotion and nationalistic fervor blur within the East Asian media landscape. Taking a non-Western perspective in fan studies, this book challenges conventional understandings of fandom nationalism. While the concept usually describes how citizens passionately adore their nation akin to idolizing celebrities, this ground-breaking research adds a captivating twist: such passion encompasses not only the expressions of love fans shower upon their idols but also the intense hatred anti-fans direct towards stars - fans strategically employ nationalism as a weapon to win fan wars. This enriches the concept of fandom nationalism, exploring how fans use participatory censorship practices to accuse celebrities and their followers of problematic political stances, thereby channeling collective nationalist anger to exact revenge on despised celebrities, such as Zhang Zhehan, a Boys' Love drama actor who was banned by the authorities and the industry for taking photos at the Yasukuni Shrine in Japan. Through a thorough review of relevant literature and detailed fieldwork data, this book reveals how fans and anti-fans participate in various stages of the banning process, leading to the career downfall of top stars in China. This brutal battleground, akin to cancel culture, is a product of the collusion among fans, netizens, the party-state, media platforms, and businesses, where fans' participation in nationalist practices can also be performative patriotism, driven by the desire to protect their idols and themselves. Using examples from China and beyond, Fandom Nationalism explores the relationship between fandom and the state more broadly.

Participatory Censorship and Performative Patriotism in East Asia

Fandom Nationalism

Eight Principles to Craft a More Conscious, Collaborative, and Connected Future

Artisan Economics

Examines how industry can be transformed through sustainability, innovation, digitalization, and inclusive policy to build a resilient and equitable global economic future.
The Future of Industrialization provides a comprehensive and forward-looking assessment of how industrial development must be redefined in an era marked by accelerating technological change, environmental crisis, geopolitical fragmentation, and persistent global inequality. The volume brings together an exceptional range of contributors, including heads of state, ministers, senior UN officials, private-sector executives, and leading academics, offering a uniquely multidisciplinary perspective on the future of industrial policy and global economic transformation. At its core, the book argues that traditional models of industrialization are no longer sufficient. Instead, industrial development must be reoriented toward sustainability, inclusiveness, resilience, and innovation. It explores how these principles can be operationalized through coordinated global action across five interconnected thematic areas: (1) global governance framework; (2) food security and agro-industrial transformation; (3) sustainable and fair supply chains; (4) climate action, clean energy, and industrial decarbonization; and (5) digitalization and artificial intelligence in manufacturing-ending with a compelling translation of policy dialogue into actionable development strategies. Geographically, the book draws on diverse experiences from across the Global North and South, with particular emphasis on the challenges and opportunities facing low- and middle-income countries in Africa, Asia, and Latin America. It highlights the structural constraints these regions face while also showcasing innovation, policy experimentation, and emerging industrial strategies that can support more inclusive global growth. Rather than serving as a technical manual, this volume functions as a policy-oriented compendium that integrates empirical insights, case studies, and strategic reflections. It is grounded in the mission of UNIDO and aligned with the United Nations Sustainable Development Goals, especially SDG 9 (Industry, Innovation, and Infrastructure), SDG 2 (Zero Hunger), SDG 7 (Affordable and Clean Energy), SDG 8 (Decent Work and Economic Growth), and SDG 13 (Climate Action). In a period of strain on multilateral cooperation, the book seeks to strengthen global policy coherence by fostering dialogue between governments, international organizations, industry leaders, and civil society. It ultimately provides a framework for rethinking industrialization as a central pillar of a just and sustainable global economic order.

Rethinking Economic Development

The Future of Industrialization

'Capitalism seems invincible and inevitable. It is neither. Clara Mattei illustrates brilliantly its fragility and restores hope that everything could be different' Yanis Varoufakis Economics is sold as pure and apolitical: scientific, neutral, exact. This urgent book exposes its true role: to convince us there's no alternative to capitalism. We live in a world dominated by the dogma that austerity is necessary, unemployment natural, endless wars inevitable and central banks all-powerful. It doesn't have to be this way. In her bold, ground-breaking manifesto, economist Clara E. Mattei tears the mask off our economic system. She unpacks key concepts like growth, inflation, unemployment and balanced budgets to show how they're weaponized to enforce market dependence, not freedom, stripping us of the power to shape the democratic decisions that govern our daily lives. Enduring problems such as poverty and inequality are not accidents or bugs in the economy, but core features - justified with pseudoscientific models to support a system that unfairly rewards people with the most resources. Why should we accept this? Capitalism, Mattei argues, isn't inevitable, scientific, or natural - it's a relatively young system that can be replaced. Inspired by a lineage of political resistance, Escape from Capitalism calls for us to challenge the broken economics of our times, and pave the way towards liberation.

Economics is Political, and Other Liberating Truths

Escape From Capitalism

Studienkurs Wirtschaft

Das Lehrbuch richtet sich an Studierende der Sozial- und Wirtschaftswissenschaften und vermittelt kompakt und verständlich die zentralen Grundlagen eines nachhaltigen, modernen Wirtschaftens im digitalen Wandel. Behandelt werden digitale Wertschöpfung und Geschäftsmodelle, New Work, Kultur und Rollenwechsel, Governance und Verantwortung. Ein Schwerpunkt liegt auf dem Change-Management als Kern der Transformation - mit gängigen Modellen (u. a. Lewin, Kotter, ADKAR) und ihrer Anwendung auf typische Transformationssituationen. Didaktisch klar strukturiert arbeitet der Band mit Querverweisen, Schaubildern, Kapitelzusammenfassungen sowie Wissens-, Verständnis- und Diskussionsfragen zur Prüfungsvorbereitung.

Prof. Dr. Sandra Niedermeier ist Professorin für Digitalisierung in Bildung und Gesellschaft an der Hochschule Kempten, promovierte pädagogische Psychologin und leitet das Institut für digitale Transformation in Arbeit, Bildung und Gesellschaft (IDT). Sie ist zudem Studiendekanin der Fakultät Betriebswirtschaft sowie KI- und E-Learning Beauftragte der Hochschule.

Digitale Transformation

Why Big Labor moved to the right—and the fight ahead for the left to win back America’s working class Unions helped construct the American middle class, defeat Jim Crow, and advance progressive rights, but in Trump’s America, the labor movement is changing. In Big Labor's Big Shift, journalist Nathan Bomey explores how Big Labor and the working class are no longer an automatic ally of the American left. Fueled by decades of economic decline, political disillusionment, and cultural disenfranchisement, new politically nebulous and economically populist leaders in the movement are building a powerful new movement based on class warfare that prizes wage and benefit gains over traditional progressive priorities. Through original reporting and first-hand interviews, Bomey traces key events that have led to this political shift. Bomey reveals: -At the Teamsters, president Sean O’Brien is cozying up to Donald Trump and blasting Democrats as tools of big business, even showing up at the Republican National Convention to deliver his message. -At the United Auto Workers, president Shawn Fain is seizing an opportunity to break the free trade consensus in Washington. The devout Christian, who wields religious rhetoric from the stump, is aligning with the Trump White House on tariffs and blasting Democrats for aggressively pursuing electric vehicles to fight climate change. Bomey shows how the two interconnected phenomena represent a massive political realignment—not just along cultural and nationalism lines, but of the working class itself away from its historic roots in the Democratic party. Urgent and compelling, Big Labor's Big Shift encapsulates the fight for the soul of the union movement.

Why Big Labor moved to the right—and the fight ahead for the left to win back America’s working class Unions helped construct the American middle class, defeat Jim Crow, and advance progressive rights, but in Trump’s America, the labor movement is changing. In Big Labor's Big Shift, journalist Nathan Bomey explores how Big Labor and the working class are no longer an automatic ally of the American left. Fueled by decades of economic decline, political disillusionment, and cultural disenfranchisement, new politically nebulous and economically populist leaders in the movement are building a powerful new movement based on class warfare that prizes wage and benefit gains over traditional progressive priorities. Through original reporting and first-hand interviews, Bomey traces key events that have led to this political shift. Bomey reveals: -At the Teamsters, president Sean O’Brien is cozying up to Donald Trump and blasting Democrats as tools of big business, even showing up at the Republican National Convention to deliver his message. -At the United Auto Workers, president Shawn Fain is seizing an opportunity to break the free trade consensus in Washington. The devout Christian, who wields religious rhetoric from the stump, is aligning with the Trump White House on tariffs and blasting Democrats for aggressively pursuing electric vehicles to fight climate change. Bomey shows how the two interconnected phenomena represent a massive political realignment—not just along cultural and nationalism lines, but of the working class itself away from its historic roots in the Democratic party. Urgent and compelling, Big Labor's Big Shift encapsulates the fight for the soul of the union movement.

Why Unions Left Democrats

Big Labor's Big Shift

Hart Studies in Commercial and Financial Law

This book uncovers and reconstructs the growing body of legal principles and rules governing mortgages that have been developed by different transnational institutions and actors. It shows how mortgages have evolved from a type of real security commonly used to facilitate lending by mitigating credit risk, to a transferable commodity with the potential to affect international financial stability and consumer welfare. In doing so, the book reveals the emergence of new policy objectives and rationales for regulation that have led to changes in the structure and functions of mortgage laws. Characterising this development as a type of transnational law, the book highlights the paradigm shifts in the law of residential mortgages brought about by their increasing global relevance. The analysis reveals tensions between the goals of risk mitigation, financial stability, consumer protection and housing justice. The result is an innovative analysis at the intersection of contract law, property law and international financial regulation. The book portrays transnational mortgage law as a complex field governed by a plurality of socially and economically relevant but potentially conflicting goals and principles.

The Global Economic Impact of Structural Adjustment Programs

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