Dance Of The Trillions

In Dance of the Trillions, David Lubin tells the story of what makes money flow from high-income countries to lower-income ones; what makes it flow out again; and how developing countries have sought protection against the volatility of international capital flows. The book traces an arc from the 1970s, when developing countries first gained access to international financial markets, to the present day. Underlying this story is a discussion of how the relationship between developing countries and global finance appears to be moving from one governed by the “Washington Consensus” to one more likely to be shaped by Beijing.

From the Financial Times's global finance correspondent, the incredible true story of the iconoclastic geeks who defied conventional wisdom and endured Wall Street's scorn to launch the index fund revolution, democratizing investing and saving hundreds of billions of dollars in fees that would have otherwise lined fat cats' pockets. Fifty years ago, the Manhattan Project of money management was quietly assembled in the financial industry's backwaters, unified by the heretical idea that even many of the world's finest investors couldn't beat the market in the long run. The motley crew of nerds—including economist wunderkind Gene Fama, humiliated industry executive Jack Bogle, bull-headed and computer-obsessive John McQuown, and avuncular former WWII submariner Nate Most—succeeded beyond their wildest dreams. Passive investing now accounts for more than $20 trillion, equal to the entire gross domestic product of the US, and is today a force reshaping markets, finance and even capitalism itself in myriad subtle but pivotal ways. Yet even some fans of index funds and ETFs are growing perturbed that their swelling heft is destabilizing markets, wrecking the investment industry and leading to an unwelcome concentration of power in fewer and fewer hands. In Trillions, Financial Times journalist Robin Wigglesworth unveils the vivid secret history of an invention Wall Street wishes was never created, bringing to life the characters behind its birth, growth, and evolution into a world-conquering phenomenon. This engrossing narrative is essential reading for anyone who wants to understand modern finance—and one of the most pressing financial uncertainties of our time.

The Economic Theory of Developing Countries' Rise examines the great economic development achievements of China within such a short period of time, which have surprised the world and have also raised other developing countries' hopes for catching up with developed countries. Featuring traditional political economics and Chinese characteristics of socialism, this book is about the economics of developing countries' rise, based on the case of China and focuses on catching-up economic growth theory. Thus, the book is of interest to those who wish to know more about theories, practices, policies and causes of China's economic success. The original Chinese version has been a very influential and well-sold book written on economics in China, and has received numerous awards and accolades since it was first published in 1995. This English version is the translation of the sixth edition in Chinese, published in December 2005. Most recently, in August 2009, the Chinese book was selected and enrolled in the honorable book series - 100 Economist and their notable works impacting China's Economic Construction over the last 60 years.

An “essential” (Times UK) and “meticulously researched” (Forbes) book by “the skeptical environmentalist” argues that panic over climate change is causing more harm than good Hurricanes batter our coasts. Wildfires rage across the American West. Glaciers collapse in the Artic. Politicians, activists, and the media espouse a common message: climate change is destroying the planet, and we must take drastic action immediately to stop it. Children panic about their future, and adults wonder if it is even ethical to bring new life into the world. Enough, argues bestselling author Bjorn Lomborg. Climate change is real, but it's not the apocalyptic threat that we've been told it is. Projections of Earth's imminent demise are based on bad science and even worse economics. In panic, world leaders have committed to wildly expensive but largely ineffective policies that hamper growth and crowd out more pressing investments in human capital, from immunization to education. False Alarm will convince you that everything you think about climate change is wrong -- and points the way toward making the world a vastly better, if slightly warmer, place for us all.

Africa is a fascinating, complex, and infuriating place. This valuable work covers a broad range of topics aiming to make Africa comprehensible to the general reader. Richard A. Fredland based this book on his extensive travels and research in many African countries. The author offers a systematic and integrated portrait of the continent and its peoples through detailed analysis of African history, political systems, social, cultural and economic development, and present-day problems and prospects. The book is richly illustrated with photographs and supplemented with tables and appendices. A Burnham Publishers book

A renowned biologist's cutting-edge and unconventional examination of human reproduction and embryo research Scientists have long struggled to make pregnancy easier, safer, and more successful. In The Dance of Life, developmental and stem-cell biologist Magdalena Zernicka-Goetz takes us to the front lines of efforts to understand the creation of a human life. She has spent two decades unraveling the mysteries of development, as a simple fertilized egg becomes a complex human being of forty trillion cells. Zernicka-Goetz's work is both incredibly practical and astonishingly vast: her groundbreaking experiments with mouse, human, and artificial embryo models give hope to how more women can sustain viable pregnancies. Set at the intersection of science's greatest powers and humanity's greatest concern, The Dance of Life is a revelatory account of the future of fertility -- and life itself.

Cooperatives in the Global Economy presents a unique collection of research-based chapters contributed by leading social and economic thinkers that provide critical insights into how the cooperative business model meets the challenges of the complex global problems in today’s competitive economy. Apart from theoretical arguments in favor of the value-based cooperative business model, this book presents the performance indicators of various forms of cooperatives, their potentialities, and challenges they face across borders. The contributors reexamine how cooperatives empower the marginalized population of the world by bringing them into the mainstream of socio-economic activities through creating employment opportunities, working towards alleviation of poverty, ensuring for more equitable distribution of scarce resources, and providing the basis for a sustainable economy and its meaningful growth. Today, in the global competitive economy, the challenges for cooperatives are enormous due to their particular value commitments, forms of incorporation, and organizational structures. In spite of the presence of several challenges, cooperatives promote economic growth and social justice. In this context, this book also presents the critical roles of cooperatives in balancing economic, social, and environmental concerns to build a better, equitable, and sustainable world.

Integrating new knowledge about group dynamics, this text provides conceptual and experiential frameworks for instructors, trainers and consultants who work with groups, as well as for group members themselves.

Surface Detail is among Iain M. Banks' Culture novels, a breathtaking achievement from a writer whose body of work is without parallel in the modern history of science fiction. It begins in the realm of the Real, where matter still matters. It begins with a murder. And it will not end until the Culture has gone to war with death itself. Lededje Y'breq is one of the Intagliated, her marked body bearing witness to a family shame, her life belonging to a man whose lust for power is without limit. Prepared to risk everything for her freedom, her release, when it comes, is at a price, and to put things right she will need the help of the Culture. Benevolent, enlightened and almost infinitely resourceful though it may be, the Culture can only do so much for any individual. With the assistance of one of its most powerful -- and arguably deranged -- warships, Lededje finds herself heading into a combat zone not even sure which side the Culture is really on. A war -- brutal, far-reaching -- is already raging within the digital realms that store the souls of the dead, and it's about to erupt into reality. It started in the realm of the Real and that is where it will end. It will touch countless lives and affect entire civilizations, but at the center of it all is a young woman whose need for revenge masks another motive altogether. The Culture Series Consider Phlebas The Player of Games Use of Weapons The State of the Art Excession Inversions Look to Windward Matter Surface Detail The Hydrogen Sonata

Investigates the role of Alan Greenspan in the 1990s stock-market bubble and collapse, and argues that his leadership decisions and political choices directly contributed to inflated housing prices and the nation's federal deficit.