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Credit is the lifeblood of capitalism and development. Brazil, Russia, India, and China-also called BRICs-have become important creditors to developing countries. However, how will their loans affect economic development and democracy in recipient countries? We need to understand why governments accept Chinese over Western loan offers before we can predict their likely consequences. In Raise the Debt, Jonas B. Bunte systematically explains how governments choose among competing loan offers. Usin...

Arguing that the consequences of the unemployment crisis could have been avoided by better government policies, particularly less restrictive monetary control, the contributors examine the effect of the zero-inflation policy adopted by the Bank of Canada and the role of unemployment insurance on the unemployment crisis of recent years. Their analysis includes discussion of various facets of unemployment in France, Germany, and Japan for comparison. Contents Introduction - Brian K. MacLean and L...

This book explores the debate on the policies required to overcome the crises of 2008 and 2011, in which the focus on short-term measures has overshadowed the need to analyze the low growth rate in the European Union, and especially the Eurozone, as the basis for interventions that will counteract the tendency toward stagnation. Factors that lie at the root of the low growth are examined in depth, covering, for example, the impact of the demographic trend toward an aging population in Europe, co...

This report contains the "Phase 2: Implementation of the Standard in Practice" review for the Cayman Islands, as well as revised version of the "Phase 1: Legal and Regulatory Framework review" already released for this jurisdiction. The Global Forum on Transparency and Exchange of Information for Tax Purposes is the multilateral framework within which work in the area of tax transparency and exchange of information is carried out by 120 jurisdictions, which participate in the Global Forum on an...

A valuable resource aimed at helping Michigan citizens and legislators understand the state's K-12 school finance system. The authors focus on key issues, addressing among other things questions about the sources of Michigan's public school funding and the basis for allocating funds.

Austerity has been at the center of political controversy following the 2008 financial crisis, invoked by politicians and academics across the political spectrum as the answer to, or cause of, our post-crash economic malaise. However, despite being the cause of debate for more than three centuries, austerity remains a poorly understood concept. In this book, Suzanne J. Konzelmann aims to demystify austerity as an economic policy, a political idea, and a social phenomenon. Beginning with an anal...

"The federal government is about to go bankrupt. This is THE hot button issue in America from now through the next presidential election in 2012"--Provided by publisher.

This major new work looks at what debt meant to Thomas Jefferson and how that affected his political career and the early history of the American Republic. Sloan argues that Jefferson was always obsessed by debt: in the public sphere because he felt that it robbed people of their independence, and in the private because he was dogged by debt throughout his life. The book depicts Jefferson as a typical representative of the Virginia gentry, subject to debt during this period, but also as a tirele...