Since then, that share has plummeted to where it was in 1900. As Richard Baldwin explains, this reversal of fortune reflects a new age of globalisation that is drastically different from the old.In the 1800s, globalisation leaped forward when steam power and international peace lowered the costs of moving goods across borders. This triggered a self-fueling cycle of industrial agglomeration and growth that propelled today's rich nations to dominance. That was the Great Divergence. The new globalisation is driven by information technology, which has radically reduced the cost of moving ideas across borders. This has made it practical for multinational firms to move labor-intensive work to developing nations. But to keep the whole manufacturing process in sync, the firms also shipped their marketing, managerial, and technical know-how abroad along with the offshored jobs. The new possibility of combining high tech with low wages propelled the rapid industrialisation of a handful of developing nations, the simultaneous deindustrialisation of developed nations, and a commodity supercycle that is only now petering out. The result is today's Great Convergence.Because globalisation is now driven by fast-paced technological change and the fragmentation of production, its impact is more sudden, more selective, more unpredictable, and more uncontrollable. As The Great Convergence shows, the new globalisation presents rich and developing nations alike with unprecedented policy challenges in their efforts to maintain reliable growth and social cohesion.

    The book continues to help students make sense of a complex world in transition and explains how globalization became part of public discourse. Filled with case studies, this text makes the intricacies of globalization concrete, meaningful, and clear for students and moves them away from simple social evolutionary views, encouraging them to connect social change, development policies, global inequalities and social movements. The book challenges students to see themselves as global citizens whose consumption decisions have real social and ecological implications.

    In this seventh edition, Robert L. Heilbroner provides a new theme that connects thinkers as diverse as Adam Smith and Karl Marx. The theme is the common focus of their highly varied ideas—namely, the search to understand how a capitalist society works. It is a focus never more needed than in this age of confusing economic headlines.In a bold new concluding chapter entitled “The End of the Worldly Philosophy?” Heilbroner reminds us that the word “end” refers to both the purpose and limits of economics. This chapter conveys a concern that today’s increasingly “scientific” economics may overlook fundamental social and political issues that are central to economics. Thus, unlike its predecessors, this new edition provides not just an indispensable illumination of our past but a call to action for our future. (amazon.com)

    Sanjay Gandhi is dead under unexpected, tragic circumstances; not many years later, Indira Gandhi is assassinated; Rajiv Gandhi, ‘the reluctant politician’, abruptly becomes India’s Prime Minister.Pranab Mukherjee was witness to (and, sometimes, a participant in) the momentous events of the 1980s and the 1990s, a period that was indisputably the most turbulent in India’s post-Independence history. An insider, he sheds new light on every major political occurrence of the time—from Rajiv Gandhi’s ascendance as India’s Prime Minister to the emergence of P.V. Narasimha Rao as the leader of a nation; from Operation Blue Star to the Babri Masjid fiasco.Equally, Mukherjee is candid about each of the professional crises that marked this period of his career—the rumours that he wanted to elbow aside Rajiv Gandhi for the top post; the possible reasons for his ouster from Rajiv’s Cabinet and, later, the party; and the allegation that he aided and abetted the Left by not imposing President’s rule in West Bengal and Tripura in the late 1980s.The second volume of Mukherjee’s autobiography is not only an honest account of his years in power (and in the wilderness), but also a cogent analysis of the political and social turning points of a key period in the evolution of modern India.

    He calls for boycotting Canada, says Adolf Hitler would have been a card-carrying member of the ACLU, and thinks Hurricane Katrina victims seen carrying televisions should be shot on sight. Amann and Breuer – the creators of the hugely popular website www.sweetjesusihatebilloreilly.com — take a close look at O'Reilly's own assertions and arguments — taken from his TV and radio shows, books and columns — to expose him for what he is: a self-righteous boob and a sham newsman. The ongoing themes explored in Sweet Jesus, I Hate Bill O'Reilly are that O'Reilly is a bit crazy, not all that sharp and, as the authors put it, about "as self-aware as a legume." The result is a hilariously funny book, a great read for anyone who enjoys seeing a puffed-up blowhard taken down a notch or two — whether they're an O'Reilly hater, fan, or something in between.

    Universe, and the Terminator. Now he answers to "Governor." From humble beginnings in a small Austrian village, Arnold Schwarzenegger pumped himself into the greatest bodybuilder in history, the biggest movie star in the world, and a political force to be reckoned with--all with raw ambition and driving self-confidence. In Fantastic, esteemed biographer Laurence Leamer captures Arnold's amazing story as no one else could. Drawing on unprecedented interviews with Arnold, his wife Maria Shriver, and Arnold's friends, family, lovers, competitors, business partners, and political adversaries, Leamer offers a brilliant, uniquely detailed portrait of this self-made man who married a Kennedy princess and scaled the heights of America's elite. Readers will discover:· A troubled youth: growing up the son of a strict former Nazi and overcoming adversity by discovering the potential of weight training· The superhuman: the arrogant showman who revolutionized bodybuilding--and his astounding string of Mr. Olympia titles· Blockbuster stardom: why a heavy accent and wooden acting style couldn't keep Arnold and his publicist from marketing him into the world's largest grossing film icon · The unlikeliest Kennedy: his marriage to Maria Shriver and her role in Arnold's rise to governor of the Golden State...and more!

    Auditing is perhaps our single best defense in ensuring the integrity of our financial reporting system. That's why this new Eighth Edition of Boynton and Johnson's Modern Auditing focuses on decision making and the critical role auditors play in providing assurance about the integrity of the financial reporting system. Known for its clear writing and accessibility, this text provides comprehensive and integrated coverage of current developments in the environment, standards, and methodology of auditing. Features * Real-world examples relate issues discussed in the chapter to ethics, audit decision making, and the integrity of the financial reporting system. * Focus on Audit Decisions sections highlight key factors that influence an auditor's decisions. * Includes discussion of the role of the Public Company Accounting Oversight Board (PCAOB) Auditing Standards, and a chapter feature highlights PCAOB standards that differ from Generally Accepted Auditing Standards for private companies. * Expanded case material related to the integrated audit case (Mt. Hood Furniture) provides a variety of databases that allow students to utilize generalized audit software (IDEA) to accomplish various audit tasks. Multiple databases allow the case to be reused with different data from term to term. * A flowchart style chapter preview begins each chapter. * Chapter summaries reinforce important audit decisions included in the chapter. * End-of-chapter material organized by audit decisions provides a clear link between audit decisions discussed in each chapter and the problem material.

    The problem with this version of history? There’s not a shred of evidence to support it.Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that for more than 5,000 years, since the beginnings of the first agrarian empires, humans have used elaborate credit systems to buy and sell goods—that is, long before the invention of coins or cash. It is in this era, Graeber argues, that we also first encounter a society divided into debtors and creditors. Graeber shows that arguments about debt and debt forgiveness have been at the center of political debates from Italy to China, as well as sparking innumerable insurrections. He also brilliantly demonstrates that the language of the ancient works of law and religion (words like “guilt,” “sin,” and “redemption”) derive in large part from ancient debates about debt, and shape even our most basic ideas of right and wrong. We are still fighting these battles today without knowing it.Debt: The First 5,000 Years is a fascinating chronicle of this little known history—as well as how it has defined human history, and what it means for the credit crisis of the present day and the future of our economy.

    In this funny, fast-paced, razor-sharp, well-reasoned, and supremely savvy critique of the state of our union under the disastrous reign of Barack Obama, bestselling author, Fox News contributor, syndicated columnist, and popular radio host Monica Crowley asks (and answers) the pressing question: What the @$%& has happened to America? “The Happy Warrior’s Guide to the Great American Comeback,” What the (Bleep) Just Happened? doesn’t simply bemoan the trashing of the American economy and the intentional firebombing of America’s international prestige, it offers inspiration and a positive message to conservatives and concerned Americans everywhere that the way to fight back and win is with principle, conviction…and a wicked sense of humor.

    financial system, which had grown far too complex for its own good-and too unregulated for the public good-experienced a perfect storm beginning in 2007. When America's financial structure crumbled, the damage proved to be not only deep, but wide. It took the crisis for the world to discover, to its horror, just how truly interconnected-and fragile-the global financial system is. The second part of the story explains how American and international government intervention kept us from a total meltdown. Many of the U.S. government's actions, particularly the Fed's, were previously unimaginable. And to an amazing-and certainly misunderstood-extent, they worked. The worst did not happen. Blinder offers clear-eyed answers to the questions still before us, even if some of the choices ahead are as divisive as they are unavoidable. After the Music Stopped is an essential history that we cannot afford to forget, because one thing history teaches is that it will happen here again.

    In this fascinating account, Bipan Chandra traces the events that led up to this moment and makes some startling revelations. He finds that there was a real danger of the JP movement turning fascist, given the fuzzy ideology of Total Revolution, its confused leadership and dependence on the RSS for its organization. At the same time, despite the authoritarianism inherent in the Emergency, particularly with the rising power of Sanjay Gandhi and his Youth Congress brigade, Indira Gandhi did end it and call for elections.Finely argued, incisive and original, this book offers significant insight into those turbulent years and joins the ever-relevant debate on the acceptable limits of popular protest in a democracy.

    Far from declining and fading away, as predicted, with deregulation and liberalization, it has increased exponentially in the twenty-first century at all levels—central, state, and local. It can be seen today as a normal, not a pathological, condition within the political economy. In several states, corruption involving politicians, bureaucrats, businessmen, and in some cases, criminal elements has graduated to a new qualitative stage, transforming itself into a well-oiled, rule- and rate-bound and self-propelled system of collecting and sharing the illicit spoils of office. In this seminal book, N. Ram, who led the investigation into the Bofors grand corruption scandal, attempts to get a measure of ‘political corruption’ in contemporary India, and explains why it has become an intractable problem.

    trading partner in sub-Saharan Africa, petroleum-rich Nigeria exports half its daily oil production to the United States. Like many African nations with natural resources coveted by the world's superpowers, the country has been shaped by foreign investment and intervention, conflicts among hundreds of ethnic and religious groups, and greed. Polio has boomed along with petroleum, small villages face off with giant oil companies, and scooter drivers run their own ministates. The oil-rich Niger Delta region at the heart of it all is a trouble spot as hot as the local pepper soup.Blending vivid reportage, history, and investigative journalism, in A Swamp Full of Dollars journalist Michael Peel tells the story of this extraordinary country, which grows ever more wild and lawless by the day as its refined petroleum pumps through our cities. Through a host of colorful characters--from the Area Boy gangsters of Lagos to a corrupt state governor who stashed money in his London penthouse, from the militants in their swamp forest hideouts to oil company executives--Peel makes the connection between Western energy consumption and the breakdown of the Nigerian state, where the corruption of the haves is matched only by the determination and ingenuity of the have-nots. What has happened to Nigeria is a stark warning to the United States and other economic powers as they grow increasingly frantic in their search for new oil sources: unbridled plunder eventually rebounds on those who have done the taking.A Swamp Full of Dollars--shortlisted for the Guardian First Book Award--shows that if the Arab world is the precarious eastern battle line in an intensifying world war for crude, then Nigeria has become the tumultuous western front.

    In his most important work, The General Theory of Employment, Interest, and Money (1936), Keynes critiqued the laissez-faire policies of his day, particularly the proposition that a normally functioning market economy would bring full employment. Keynes's forward-looking work transformed economics from merely a descriptive and analytic discipline into one that is policy oriented. For Keynes, enlightened government intervention in a nation's economic life was essential to curbing what he saw as the inherent inequalities and instabilities of unregulated capitalism.

    Rothbard begins with a quick overview of its historical roots, and then goes on to define libertarianism as resting "upon one single axiom: that no man or group of men shall aggress upon the person or property of anyone else." He writes a withering critique of the chief violator of liberty: the State. Rothbard then provides penetrating libertarian solutions for many of today's most pressing problems, including poverty, war, threats to civil liberties, the education crisis, and more.