Macroeconomic Linkage


Book Description

This volume explores East Asia's macroeconomic experience in the 1980s and the economic impact of East Asia's growth on the rest of the world. The authors explore the causes of capital flows, changes in trade balances, and exchange rate fluctuations in East Asia and their effects on other countries. These fourteen papers are organized around four themes: the overall determinants of growth and trading relations in the East Asian region; monetary policies in relation to capital controls and capital accounts; the impact of exchange rate behavior on industrial structure; and the potential for greater regional integration. The contributors examine interactions among exchange rate movements, trade balances, and capital flows; how government monetary policy affects capital flows; the effect of exchange rates on industrial structure, inventories, and prices; and the extent of regional integration in East Asia.







Strengthening the Linkages Between the Sciences and the Mathematical Sciences


Book Description

Over three hundred years ago, Galileo is reported to have said, "The laws of nature are written in the language of mathematics." Often mathematics and science go hand in hand, with one helping develop and improve the other. Discoveries in science, for example, open up new advances in statistics, computer science, operations research, and pure and applied mathematics which in turn enabled new practical technologies and advanced entirely new frontiers of science. Despite the interdependency that exists between these two disciplines, cooperation and collaboration between mathematical scientists and scientists have only occurred by chance. To encourage new collaboration between the mathematical sciences and other fields and to sustain present collaboration, the National Research Council (NRC) formed a committee representing a broad cross-section of scientists from academia, federal government laboratories, and industry. The goal of the committee was to examine the mechanisms for strengthening interdisciplinary research between mathematical sciences and the sciences, with a strong focus on suggesting the most effective mechanisms of collaboration. Strengthening the Linkages Between the Sciences and the Mathematical Sciences provides the findings and recommendations of the committee as well as case studies of cross-discipline collaboration, the workshop agenda, and federal agencies that provide funding for such collaboration.




European Financial Linkages


Book Description

We document external investment positions among European Union countries at the start of the financial crisis through the creation of a new database comprising bilateral external financial asset and liabilities, excluding reserve assets and derivatives. While there are some gaps in the data, the overall coverage of reported bilateral net international investment positions (IIPs) appears satisfactory. The dataset provides a richer picture of financial linkages, enabling us to map the financing of Euro area imbalances. Creditor and debtor positions vis-à-vis the rest of the EU have tended to increase between 2000 and 2008, with capital flowing largely from wealthier to catching-up economies. This has in particular resulted in an increased interdependency among Euro Area economies.







Land-water Linkages in Rural Watersheds


Book Description

It is often assumed that upstream land use practices have important impacts on water resources and affect the downstream users at a watershed scale, Payments by downstream users to upstream users for "environmental services" such as good water quality, less sediments or more regular water flow are widely discussed. However, much controversy exists about the direction and magnitude of such impacts, how they influence the relationships between upstream and down-stream users, and which mechanisms allow for a sharing of resulting benefits and costs by all resource users in a watershed context. To address these issues, the FAO Land and Water Development Division organized the electronic workshop "Land-Water Linkages in Rural Watersheds" from 18 September to 27 October 2000. The present publication contains the proceedings of the workshop and two papers that set the stage for the workshop discussions. The complete workshop documentation, including discussion archive, background papers, and case studies, is included on the CD-ROM that accompanies the document.




Rural-Urban Linkages for Sustainable Development


Book Description

This book critically examines different forms of urban-rural links for sustainable development in different countries. As intertwined processes of globalization, digitalization, environmental challenges and the search for sustainable development continue, rural and urban areas around the world become increasingly interconnected and interdependent. This book contributes to understanding the role of this growing interconnectedness from an economic geographical perspective. It does so by theoretically and empirically addressing the various existing linkages, such as food networks, value chains, and regional governance at local, regional, national and international levels. In doing so, contributions extend and contrast existing approaches dealing with urban and rural areas separately by considering the interplay between these two as well as their consequences for sustainability transition pathways. This edited volume adds to the academic and policy debate by bringing together a variety of concepts and themes in order to shift the research and policy agenda away from simple dichotomy to different notions of rural-urban linkages. Offering multidisciplinary insights into rural-urban linkages, the book will be of interest to decision-makers, practitioners and researchers in the fields of economic geography, regional planning, food studies and economics.




Macro-Financial Linkages in the Pacific Region


Book Description

Growth perspectives in emerging market economies are increasingly dependent on international capital flows in recent decades because of their influences on business cycles. In fact, volatile international capital flows has been one of the main concerns for the macroeconomic policy authorities. Focusing on emerging economies in the Pacific region, this book reveals how they are different from those in other regions in terms of international macro-financial linkages to the global capital market and domestic financial development,. The book also discusses how these characteristics have interacted with their macroeconomic policy regimes and their macroeconomic performance throughout the two major international financial crises in the past more than two decades. It suggests facts that have strengthened the resilience of these emerging economies in the Pacific region against the global financial crisis along with the intensified intra-regional economic integration through trade and investment. The book also examines their macroeconomic management focusing on monetary policy regimes and suggests that their factual unorthodox policies with exchange rate management and capital controls have contributed to their resilience against the intrinsic volatility of the international capital market and financial flows.







Inclusion and Resilience


Book Description

The report aims to meet two broad objectives: (a) enhance knowledge about the current state of existing social safety nets (SSNs) and assess their effectiveness in responding to new and emerging challenges to the poor and vulnerable in the region by bringing together new evidence, data, and country-specific analysis; and (b) open up and inform a debate on feasible policy options to make SSNs in the Middle East and North Africa more effective and innovative. The first chapter, 'a framework for SSN reform,' describes and illustrates the reasons for the region's growing need for SSN reform and establishes the framework for renewed SSNs. It identifies key goals for SSNs (promoting social inclusion, livelihood, and resilience) and illustrates how these goals have been achieved in some parts of the region and elsewhere. The second chapter, 'key challenges that call for renewed SSNs,' analyzes the challenges facing the region's poor and vulnerable households, which SSNs could focus on as a priority. Two large groups are at higher-than-average poverty risk: children and those who live in rural or lagging areas. The third chapter, 'the current state of SSNs in the Middle East and North Africa,' analyzes SSN spending and assesses different aspects of the SSN systems' performance. The fourth chapter, 'the political economy of SSN reforms in the Middle East and North Africa: what do citizens want?' presents new evidence on citizens' preferences concerning redistribution and SSN design, using newly collected data. It also discusses how political economy considerations could be taken into account in designing renewed SSNs in the region. The fifth chapter, 'the way forward: how to make safety nets in the Middle East and North Africa more effective and innovative,' proposes an agenda for reform and the path for moving forward, using global experience and the evidence presented in the preceding chapters.