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Now in a second edition, this book explains Latin America's economic, political, social and cultural transformations, its association with globalization and search for modernity, and how these transformations are affecting the people of the region. Using a political economy approach to unravel these concepts, the emphasis is placed on interpreting the macro-level structures that frame the transformations taking place. Updated and revised to include more student friendly features, the authors have substantially rewritten the material, including three new chapters, to examine the challenges faci

Economic stabilization --- Social aspects --- Latin America --- Social conditions. --- Politics and government. --- International economic relations --- Economic geography --- Stabilisation économique --- Aspect social --- Amérique latine --- Economic conditions --- Condions sociales --- Politique et gouvernement --- Conditions économiques --- Adjustment, Economic --- Business stabilization --- Economic adjustment --- Stabilization, Economic --- Economic policy --- Social conditions

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This paper discusses the nature of Angola's disinflation strategy in recent years, with special emphasis on the most recent efforts by the Angolan authorities to stabilize the economy. Looking to the past, the paper stresses the costs of the disinflation strategy, as measured by the central bank sizable foreign exchange intervention and the increase in Angola's external liabilities that unfolded in the process. The paper also notes that non-oil fiscal deficits have remained very large. Looking to the future, the paper stresses the pressing need to reduce demand pressures stemming from sizable government spending on wages and salaries, goods and services, subsidies, and other current transfers to the economy. The prescribed fiscal consolidation effort is viewed as critical to curtail the non-oil fiscal deficit, reduce inflation expectations on a lasting basis, and avoid further foreign borrowing on commercial terms, including loans collateralized by future oil revenues.

Foreign exchange rates --- Economic stabilization --- Adjustment, Economic --- Business stabilization --- Economic adjustment --- Stabilization, Economic --- Economic policy --- Exchange rates --- Fixed exchange rates --- Flexible exchange rates --- Floating exchange rates --- Fluctuating exchange rates --- Foreign exchange --- Rates of exchange --- Rates --- Angola --- Anghūlā --- Colónia de Angola (Portugal) --- Estado de Angola (Portugal) --- Narodnai︠a︡ Respublika Angoly --- People's Republic of Angola --- Portugiesisch Westafrika --- Portuguese West Africa --- Province d'Angola (Portugal) --- Província de Angola (Portugal) --- R.P.A. --- Republic of Angola --- República de Angola --- República Popular de Angola --- République populaire d'Angola --- RPA --- Volksrepublik Angola --- Angola (Revolutionary government in exile, 1962-1975) --- Economic policy. --- Foreign Exchange --- Inflation --- Macroeconomics --- Public Finance --- Price Level --- Deflation --- Fiscal Policy --- Debt --- Debt Management --- Sovereign Debt --- Public finance & taxation --- Currency --- Government debt management --- Fiscal consolidation --- Fiscal policy --- Prices --- Debts, Public

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The disparity between rich and poor countries is the most serious, intractable problem facing the world today. The chronic poverty of many nations affects more than the citizens and economies of those nations; it threatens global stability as the pressures of immigration become unsustainable and rogue nations seek power and influence through extreme political and terrorist acts. To address this tenacious poverty, a vast array of international institutions has pumped billions of dollars into these nations in recent decades, yet despite this infusion of capital and attention, roughly five billion of the world's six billion people continue to live in poor countries. What isn't working? And how can we fix it? The Power of Productivity provides powerful and controversial answers to these questions. William W. Lewis, the director emeritus of the McKinsey Global Institute, here draws on extensive microeconomic studies of thirteen nations over twelve years-conducted by the Institute itself-to counter virtually all prevailing wisdom about how best to ameliorate economic disparity. Lewis's research, which included studying everything from state-of-the-art auto makers to black-market street vendors and mom-and-pop stores, conclusively demonstrates that, contrary to popular belief, providing more capital to poor nations is not the best way to help them. Nor is improving levels of education, exchange-rate flexibility, or government solvency enough. Rather, the key to improving economic conditions in poor countries, argues Lewis, is increasing productivity through intense, fair competition and protecting consumer rights. As The Power of Productivity explains, this sweeping solution affects the economies of poor nations at all levels-from the viability of major industries to how the average consumer thinks about his or her purchases. Policies must be enacted in developing nations that reflect a consumer rather than a producer mindset and an attendant sense of consumer rights. Only one force, Lewis claims, can stand up to producer special privileges-consumer interests. The Institute's unprecedented research method and Lewis's years of experience with economic policy combine to make The Power of Productivity the most authoritative and compelling view of the global economy today, one that will inform political and economic debate throughout the world for years to come.

Consumption (Economics). --- Economic development. --- Economic stabilization. --- Investments, Foreign. --- Microeconomics. --- Poverty. --- Wealth. --- Industrial productivity --- Economic policy --- Competition, International --- Consumption (Economics) --- Investments, Foreign --- Wealth --- Poverty --- Economic stabilization --- Economic development --- Microeconomics --- 338.06 --- Price theory --- Economics --- Development, Economic --- Economic growth --- Growth, Economic --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- Adjustment, Economic --- Business stabilization --- Economic adjustment --- Stabilization, Economic --- Destitution --- Basic needs --- Begging --- Poor --- Subsistence economy --- Affluence --- Distribution of wealth --- Fortunes --- Riches --- Business --- Finance --- Capital --- Money --- Property --- Well-being --- Capital exports --- Capital imports --- FDI (Foreign direct investment) --- Foreign direct investment --- Foreign investment --- Foreign investments --- International investment --- Offshore investments --- Outward investments --- Capital movements --- Investments --- Consumer demand --- Consumer spending --- Consumerism --- Spending, Consumer --- Demand (Economic theory) --- International competition --- World economics --- International relations --- International trade --- War --- Economic nationalism --- Economic planning --- National planning --- State planning --- Planning --- National security --- Social policy --- Productivity, Industrial --- TFP (Total factor productivity) --- Total factor productivity --- Industrial efficiency --- Production (Economic theory) --- Economic aspects --- Industrial productivity. --- Economic policy. --- Competition, International. --- Competition [International ] --- Concurrentie [Internationale ] --- Economische stabilisatie --- Industrie--Productivité --- Industrie--Produktiviteit --- Industriële produktiviteit --- Industry--Productivity --- Internationale concurrentie --- Investeringen [Buitenlandse ] --- Investments [Foreign ] --- Productivité industrielle --- Rijkdom --- Stabilisation économique --- Wealth [Distribution of ] --- poverty, terrorism, humanitarian aid, civil war, conflict, state violence, influence, power, rogue nations, immigration, refugees, migration, diaspora, stability, security, wealth gap, government, politics, political science, economics, nonfiction, history, capital, investment, solvency, exchange-rate flexibility, education, consumer rights, competition, productivity, economic stabilization, microeconomics, japan, korea, brazil, russia, europe, india.

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Finance --- Economic stabilization --- Banks and banking --- Monetary policy --- Banks and banking. --- Economic history. --- Economic stabilization. --- Finance. --- Monetary policy. --- South Africa --- South Africa. --- Economic conditions --- Business, Economy and Management --- Private finance --- Africa --- -Finance --- -332.096805 --- Funding --- Funds --- Economics --- Currency question --- Electronic information resources --- Periodicals --- Adjustment, Economic --- Business stabilization --- Economic adjustment --- Stabilization, Economic --- History, Economic --- Agricultural banks --- Banking --- Banking industry --- Commercial banks --- Depository institutions --- Monetary management --- Political aspects --- Africa, South --- Afrika Selatan --- Azania --- Derom Afriḳah --- Dorem-Afriḳe --- Iriphabhuliki Yaseningizimu Afrika --- I︠U︡.A.R. --- I︠U︡AR --- I︠U︡zhno-Afrikanskai︠a︡ Respublika --- I︠U︡zhno-Afrikanskiĭ Soi︠u︡z --- Južnoafrički savez --- Republic of South Africa --- República da Africa do Sul --- Republika Południowej Afryki --- RSA --- Sud Africa --- Sudafrica --- Suid-Afrika --- Unie van Suid-Afrika --- Union of South Africa --- ZAR --- Economic policy --- Financial institutions --- Money --- Currency boards --- Money supply --- I͡UAR --- Nanfei --- I͡U.A.R. --- I͡Uzhno-Afrikanskai͡a Respublika --- I͡Uzhno-Afrikanskiĭ Soi͡uz --- Nan Fei --- África del Sur --- África do Sul --- Afrique du Sud --- Dél-Afrika --- Dél-Afrikai Köztársaság --- Güney Afrika --- Güney Afrika Cumhuriyeti --- iRiphabhulikhi yeNingizimu Afrika --- iRiphabhuliki yaseNingizimu Afrika --- iRiphabliki yeSewula Afrika --- iRiphabliki yomZantsi Afrika --- Janūb Ifrīqiy --- Jihoafrická republika --- Juhoafrická republika --- Jumhūrīyat Janūb Ifrīqiy --- Južná Afrika --- Minami Afurika Kyōwakoku --- Nan Fei Gongheguo --- Nanfei Gongheguo --- Repabliki ya Afrika-Borwa --- Rephaboliki ya Aforika Borwa --- Rephaboliki ya Afrika Borwa --- Repubblica del Sud Africa --- República da África do Sul --- República de Sudáfrica --- Republiek van Suid-Afrika --- Republik Südafrika --- Republik Suedafrika --- République Sud Africaine --- Riphabliki ya Afrika Dzonga --- Riphabul̳iki ya Afurika Tshipembe --- Sud África --- Sudáfrica --- Südafrika --- Law and legislation