This volume presents a unified mathematical framework for the transmission channels for damaging shocks that can lead to instability in financial systems. As the title suggests, financial contagion is analogous to the spread of disease, and damaging financial crises may be better understood by bringing to bear ideas from studying other complex systems in our world. After considering how people …
This book analyses the potentials and consequences of a change from production-based to consumption-based approaches in international climate policy. With the help of an analytical model, the author investigates the effects of different policy variants on environmental effectiveness, cost-effectiveness, carbon leakage, competitiveness and the global distribution of income. The economic, legal, …
This monograph presents an analysis of construction safety problems and on-site safety measures from an economist?s point of view. The book includes examples from both emerging countries, e.g. China and India, and developed countries, e.g. Australia and Hong Kong. Moreover, the author covers an analysis on construction safety knowledge sharing by means of updatable mobile technology such as app…
It's time to think differently about cities and nature. Understanding how to better connect our cities with the benefits nature provides will be increasingly important as people migrate to cities and flourish in them. All this urban growth, along with challenges of adapting to climate change, will require a new approach to infrastructure if we're going to be successful. Yet guidance on how to p…
This book focuses on the key determinants of China’s sustainable development in the general context of globalization from an environmental perspective. The author presents expert analysis on China’s role in the world economy, trade openness, cross-border investments and sustainable development in China. Readers will gain an in-depth understanding of various important issues concerning China…
This new monograph provides a stimulating new take on hotly contested topics in world modernization and the globalizing economy. It begins by situating what is called the Great Divergence--the social/technological revolution that led European nations to outpace the early dominance of Asia--in historical context over centuries. This is contrasted with an equally powerful Great Convergence, the r…
This short book integrates the imperatives of public debt sustainability with those of socioeconomic sustainability in the context of budget austerity measures. It is argued that poverty, inequality and unemployment problems should be integral aspects of policy frameworks for austerity and fiscal stability. The economics of austerity in much of economic analysis remains narrowly focused and lop…
This book presents a novel view of healthcare system transition in post-communist countries. It is the first region-wide comparative study of hospital governance in Eastern Europe. Comprehensive new material shows the evolution and significance of governance, complementing recent publications on the topic from industrialised countries. Throughout the book, governance is described and substantia…
This volume explores the professional ethics of addresses the varied ethical needs of the professional economists and public policy professionals. Using terms and methods familiar to the reader, the book goes beyond the typical narrative of economics and morality to walk the professional through the process of ethical decision-making. Designed to be easy to navigate and applicable to everyday…
This book investigates China’s emergence as an outside player in SSA over the last several decades and the current understanding of the impact of Beijing’s growing presence on the continent, including several case studies focused on specific SSA countries. China’s accelerating economic and political engagement with sub-Saharan Africa (SSA) has gained growing attention in political and aca…