How did the West--Europe, Canada, and the United States--escape from immemorial poverty into sustained economic growth and material well-being when other societies remained trapped in an endless cycle of birth, hunger, hardship, and death? In this elegant synthesis of economic history, two scholars argue that it is the political pluralism and the flexibility of the West's institutions--not corporate organization and mass production technology--that explain its unparalleled wealth.
From the best-selling author of THE DINOSAUR HUNTERS and THE LOST KING OF FRANCE comes the story of how our modern world was forged – in rivets, grease and steam; in blood, sweat and human imagination.
World-renowned economist Klaus Schwab, Founder and Executive Chairman of the World Economic Forum, explains that we have an opportunity to shape the fourth industrial revolution, which will fundamentally alter how we live and work. Schwab argues that this revolution is different in scale, scope and complexity from any that have come before. Characterized by a range of new technologies that are fusing the physical, digital and biological worlds, the developments are affecting all disciplines, economies, industries and governments, and even challenging ideas about what it means to be human. Artificial intelligence is already all around us, from supercomputers, drones and virtual assistants to 3D printing, DNA sequencing, smart thermostats, wearable sensors and microchips smaller than a grain of sand. But this is just the beginning: nanomaterials 200 times stronger than steel and a million times thinner than a strand of hair and the first transplant of a 3D printed liver are already in development. Imagine “smart factories” in which global systems of manufacturing are coordinated virtually, or implantable mobile phones made of biosynthetic materials. The fourth industrial revolution, says Schwab, is more significant, and its ramifications more profound, than in any prior period of human history. He outlines the key technologies driving this revolution and discusses the major impacts expected on government, business, civil society and individuals. Schwab also offers bold ideas on how to harness these changes and shape a better future—one in which technology empowers people rather than replaces them; progress serves society rather than disrupts it; and in which innovators respect moral and ethical boundaries rather than cross them. We all have the opportunity to contribute to developing new frameworks that advance progress.
Romano and TraÃ1 analyse industrial development focussing upon the spreading of manufacturing activities beyond the boundaries of the advanced economies. They explain how this event has completely changed the nature of the relationship between the 'North' and the 'South' of the world linking them together on productive grounds.
A collection of articles addressing the issue of whether the industrial model of human progress can be sustained in the long term. It asks what the social, political, economic and environmental implications as well as potential solutions to the problem of resource-intensive growth are.
This book is the product of a multinational project, sponsored by the Middle East Institute of Columbia University in cooperation with the World Peace Foundation (Boston), the Atlantic Institute for International Affairs (Paris), and the Asia-Pacific Association of Japan (Tokyo). It focuses on the principal unresolved issues of the energy crisis, t
European market integration was originally seen as the way to overcome national enmities in the wake of World War II. Over time, it acquired the purpose of social melioration as well. Today, the advanced market societies are richer than they have ever been, yet each is driven by social and economic divisions as some groups thrive while others lose ground. The tension between the social demand for equity and security, and the market's drive to burst the bonds of state regulation both internally and at the border post, has taken on new complexity. It is this issue that underlies domestic political struggles over privatisation, safety-net programmes, immigration policies and trade agreements. Will European Union survive the stresses of high employment and the strains of German unification? These are some of the questions Dusan Pokorny considers in this second volume of his exploration of the efficiency-justice conundrum.
The papers in this edited volume discuss key elements of monetarism, including coin denominations, the role of bullion and case studies of substitute moneys.
In the last years of the Soviet Union, with remarkable suddenness, it became commonplace to observe that what the country needed was a free market, private property and integration into the global economy. But why (aside from the obvious fact that the alternative was failing) should this consciousness dawn in our day? This book argues that the time has come to reflect on what the epochal events of our era are teaching us about larger questions - the relationship between economy and society, culture and market. Dusan Polorny asks precisely these questions, revisiting the ideas of classic and contemporary philosophers in the light of the failure of the Soviet order and the exigencies of post-Soviet transformation. As Pokorny also points out, integration in a post-industrial global economy entails profound changes in the domain of property rights, a redefinition of the relation between equity and efficiency, and a regrounding of national consciousness. The present volume examines the implications of these demands for the post-Soviet societies; another, on the European and North American experiments in economic integration, is in preparation.
