Les « fonds vautours » sont spécialisés dans le rachat à bas prix de titres de la dette des pays pauvres sur le marché secondaire de la dette, en vue d'entamer à terme une procédure judiciaire pour tenter d'obtenir du pays pauvre endetté le paiement de la totalité de la valeur nominale de sa dette. Il s'agit donc d'exploiter les voies judiciaires pour enregistrer des profits.
The economic take-off of Beijing and other BRIC countries shakes the global economic map. To develop a sustainable economy, they need, as the old industrial countries, raw material that abounds Africa. This book proposes to disentangle the African partner's economic strategies and to penetrate the mysteries of diplomacy and international business relations.
Au sommaire de ce numéro : L'anti-colbertisme n'est pas (toujours) un libéralisme : l'exemple de Quesnay / La société industrielle d'Aron et Galbraith / Les ordres normatifs privés et public de la firme moderne / Le pluralisme industriel repensé dans une perspective d'histoire de la pensée organisationnelle / Les anticipations de prix dans les modèles d'équilibre néo-walrassiens / La macroéconomie à la latino-américaine : Sunkel et la quête d'un modèle structuraliste / Comment peut-on être walrassien ? Réponse à Michel De Vroey
Finance and real estate that this book aims to analyse are two significant variables for the economic growth of an emerging economy like China during its four decades' reform and opening-up.
Chapter One will analyze China's restructuring in finance: banking & credit system reforms, WTO-oriented reforms, among others - a thorny issue for Chinese State-owned banks and enterprises.
Chapter Two will focus on China's restructuring in real estate. As a controversial sector in China, real estate is a pillar of growth but faces a risky bubble. In fact, different variables have contributed to the expansion of the Chinese housing market. Finally, policy recommendations will be advanced.
This essay shows that the covid 19 has become a social phenomenon that deeply imprints individual and collective behaviours, both in social distancing and in solid laarity. He interprets the pandemic as a radical change, an unprecedented shift in the course of societies. This Coronavirage is an opportunity for the author to examine, from Tunisia, another order of the world.Tunisian society is apprehended in a new geopolitical framework : its links with the United States and its allies in the Near East, in a context of American-Chinese rivalries and the weakening of Europe. Tunisia is revealed in its internal logic of response to the pandemic, notably by the persistence of political and financial corruption, as well as by the resurgence of the parallel market and informal practices. In this perspective, the author in respondent to a new project of social and solidarity economy, which would take place in the construction of a third sector, in complementarity with the respondent to the private sector, to replace the current informal and clandestine practices.
This book, which is published further to the author's Doctorate in Business Administration (DBA) dissertation at the Business Science Institute (BSI) in Luxembourg, concerns the performance of public-private partnerships (PPPs) within the West African Economic and Monetary Union (UEMOA).
The results of the DBA dissertation reveal that PPPs' overall performance is independent of their financial or ownership structure. The major finding of this analysis is the role of endogenous and exogenous factors that may explain performance.
That is why this book aims to highlight the analysis of these factors and their consideration in the construction of an environment that favors the growth of PPPs. The objective is to fuel reflections on the progressive construction of such an environment.
Rooted in fieldwork, this book, which concludes with detailed managerial recommendations, is meant to serve both academics - with its topical presentation of the state of the art in PPPs, mobilizing the contributions of economic and financial theory - and practitioners seeking to gain current knowledge of the field and learn from the experiences of past PPPs.
The results obtained, which shed useful light on PPP construction, give readers an opportunity to personally assess PPP implementation in the UEMOA region in response to the following question: Are PPPs a myth or a reality?
Beyond the topic of PPPs, this work surveys the main problems related to infrastructure implementation in Africa: financing and governance, contractualization and institutional framework, planning and evaluation, and performance.
Published in French and English editions, Pervenche Berès has pleased to send to you issue 148 of the Revue d'Économie Financière (REF), which focuses on "After Brexit", and has been coordinated with Sylvie Matherat, former deputy director general of the Banque de France and former member of the executive board of the Deutsche Bank group.
Bringing together 19 authors and 17 articles, including a newly created section entitled "Finance and Literature" and a "Financial History Chronicle", this issue is divided into three chapters:
- Why Did We Get to This Point?
- Brexit State of Play: Almost Two Years After the Breakup, Where Do We Stand?
- What Is To Be Done?
Six years after the referendum that decided Brexit, this issue of the Revue d'Économie Financière proposes to take stock of the extent of developments to date and the various prospects for the future, both from the point of view of the United Kingdom and the European Union.
This period of time seems sufficient, particularly given the neutralization of the Covid years, to take a forward-looking and dispassionate look at the changes to be expected.
After a general article that places this referendum in its historical and political context and proposes an analysis of the underlying reasons for this event, this issue focuses on the following two main themes: the economic, commercial and financial consequences as they are manifested today and the possible developments, particularly from the point of view of the European Union, which must take the initiative again on a certain number of subjects for which the departure of the United Kingdom marks a definite break.
This issue of the REF shows how Brexit, from an economic and financial point of view, has been technically managed in the most efficient way possible. It explains the stakes in defining an optimal cooperation framework while all the conflicting issues on both sides of the Channel have not yet been resolved and each side will take a new look at legislation that until now was identical.
"We all know that our world has become very indebted over the past decades and that its `financialization' has reached proportions never observed before, at least in peacetime. But how serious is this phenomenon? What are its consequences on the solidity of our financial system, on the functioning of our economy and on the future of our society? Above all, we must understand how our world has surreptitiously changed its model for the past two decades. It has slipped to a strange paradigm, one in which the bulk of economic activity is now reflected in the rise in the value of financial assets at the expense of growth, wage income and productive investment. It is time to put an end to the reign of illusion and to reinstate the fundamental economic springs without which there can be no real growth." J. de L. "No one alive today combines Jacques de Larosière's experience with an acuity about global finance. His sharp and cogent expression of alarm in this timely volume deserves and even demands the attention of the global financial community." Lawrence Summers, Former Secretary of the United States Treasury and President Emeritus of Harvard? "This is a must-read for those who want to understand the `economic illusions' hiding in plain sight. And for those who are prepared to step-up to the benefit of a new generation." Kevin Warsh, member of the Federal Reserve Board (2006-2018), and professor at Stanford "The book is a harsh criticism of the fairy tales that have guided monetary theory and the actions of central bankers in recent decades." Vito Tanzi, Honorary President of the International Institute of Public Finance Jacques de Larosière spent his entire career at the head of financial institutions: he was first Managing Director of the International Monetary Fund (1978-1987) before becoming Governor of the Banque de France (1987-1993), then president of the European Bank of Reconstruction and Development (1993-1998). He is currently Advisor to the president of BNP-Parisbas.
La crise grecque depuis 2008 est profonde. Un regard est particulièrement porté dans ce numéro sur son impact socioéconomique dans les régions : les grandes villes, les territoires ruraux, les zones touristiques, les salaires, le chômage et les marchés locaux du travail, les conditions de vie des ménages et la pauvreté, le logement et le marché immobilier. Contributions en anglais
En plaçant la concertation au coeur des systèmes économiques, managériaux, politiques et sociaux, l'auteur démontre qu'en décidant ensemble, les parties prenantes prennent l'engagement de partager les responsabilités qui en découlent et sont dès lors toutes gagnantes. Pour lui, la concertation est, d'une part, un moyen de lutter contre l'autoritarisme et, d'autre part, un moyen par lequel l'autorité peut justifier ses actions. (Articles en anglais et en français).
Economist and Nobel Prize winner
This book is a practical and accessible guide to understanding the life and works of Joseph Stiglitz.
In 50 minutes you will be able to:
o Recognize and understand the main ideas behind the contributions of Joseph Stiglitz and his New Keynesian approach
o Identify the impact his work had on both economics and politics, and the new concepts and tools that he conceptualized
o Understand the limits of his contributions and the criticisms held by other experts in his field, as well as the many extensions and related ideas that have been developed
ABOUT 50MINUTES.COM | Economic Culture
50MINUTES.COM provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications are easy to use and they will save you time. They provide elements of theory and case studies, making them excellent guides to understand key concepts in just a few minutes. They are the starting point for readers to develop their skills and expertise.
P.i.e-peter lang s.a., éditions scientifiques internationales
26 Juin 2012
9783035261950
Is the major crisis that began in 2008 nearing the end? Governments and analysts have time and again announced that. Yet this diagnosis remains very premature even now. The level of unemployment is still high in many countries. While the massive aids provided by the States to the economy have allowed them to avoid the collapse of the economic system, they have paradoxically exposed the States to their own failure. Many countries in Europe are in precarious situations. Far beyond Europe the role played by the State is in question. Which measures must be taken by the public authorities in order to remedy the economic crisis? Are we witnessing the emergence of a new form of regulation? How will the general interest be carried and defended in future? How have the relations between the State and citizens changed? What are the national or continental variations on these themes? Through international comparisons, specialists from Europe, Africa and the Americas linked to CIRIEC International bring new answers to these important questions. La crise majeure débutée en 2008 est-elle terminée ? Gouvernements et analystes l'ont annoncé à maintes reprises. Pourtant, ce diagnostic reste aujourd'hui encore très prématuré. Le taux de chômage demeure élevé dans de nombreux pays. Car, si les aides massives apportées par les États à l'économie ont permis d'éviter l'effondrement du système économique, elles ont paradoxalement exposé les États à leur propre faillite. Plusieurs pays d'Europe sont dans des situations précaires. Bien au-delà de l'Europe, le rôle joué par l'État est en question. Quelles mesures doivent être prises par les autorités publiques pour remédier à la crise économique ? Assiste-t-on à l'émergence d'un nouveau mode de régulation ? Comment est désormais porté et défendu l'intérêt général ? Comment les rapports entre l'État et les citoyens sont-ils transformés ? Quelles sont les variations nationales ou continentales sur ces thèmes ? C'est à ces questions communes que différents spécialistes d'Europe, d'Afrique et des Amériques liés au CIRIEC international répondent dans cet ouvrage dans une perspective comparée.
Cet ouvrage collectif en langue anglaise se compose d'un ensemble d'études concernant l'augmentation des inégalités économiques dans les sociétés capitalistes de l'Europe et de L'Amérique latine. Les auteurs enquêtent les causes de ces différences et les possibles réponses.
Los trabajos de este libro permitirán al lector hacerse con una visión comparada de la relación que la inmigración, el funcionamiento de los mercados de trabajo y el servicio doméstico han establecido entre sí en el seno de diferentes ciudades europeas en el curso de los siglos XVIII, XIX y XX. La novedad de los mismos no solo se aprecia en los resultados que ofrecen, sino también en los métodos que buena parte de ellos emplean. El recurso a la información de las bases nominativas permite estudiar desde un punto de vista original cuestiones tales como las redes de paisanaje, los efectos de la movilidad social y laboral del servicio doméstico, la diferente plasmación de los proyectos migratorios de las mujeres o la relevancia que en ciertos casos tuvo la población flotante.
What do you think about Dubai ? Oil, sand, camels ? In this book, the authors offer the keys to understand this modern and innovative City; through its History, its macroeconomy, its Government and all the strategies used and applied to reach such power nowadays. The State objectives and challenges : EXPO 2020, Vision 2021, Area 2071...The will cover the predominant foreign labor force, the ministries and laws governing the State, the taxation, the economic and financial tools, and we will explain how SME's and larger companies can be part of this successful market and how to enter it.
The title - The Economy in its House - echoes Xenophon's book, OEconomicus, which focuses on
the relationship of a house with its environment rather than on trade. It also makes reference
to a question from Socrates: "What is a house?". It is by striving to explore these
relationships and questions, reflecting the conditions of our time, that we have concluded
that the economy is in its house - and that changes everything. Indeed, this leads us to establish
a foundation - new but grafted onto ancient roots - for economics.
By integrating into our theory the unpredictable environment, we provide economists with
a framework to address the multiple issues that arise not only in our common home, the Earth,
but also to all other houses. Our model is based on the hypothesis of the random nature of
the economy, which brings us closer to modern physics and its methods.
On these pillars, our model abstracts economic agents and focuses attention on the interconnected
constituents of the house, both their mutual statistical relationships, and those they have with
the environment. The covariance matrix that retraces such relationships indicates how the environment
disrupts, on average, each constituent during a period. This gives the possibility to explore
the destinies of the houses in the short, middle or long run, through crises and changing
perspectives of ruin. It makes it possible to identify three essential variables: the growth
factor, the growth energy, and finally the prices' root, which is also the weight of the unit
of account and an anti-ruin coefficient.
One of the characteristics of modern houses is that, among their constituents, positive
covariances outweigh negative covariances. Hence their growth: we explore its links with
the reduction of inequalities, and its pathologies: pollution and depletion of resources.
We shows how we can fight against crises and inequalities through greater solidarity.
We show that one can model any house by use of a miniature house - its soul - with two components
(the hearth and the roof), and three guiding parameters: exposure to hazards, security,
and performance. With these guides, one expresses all the macroeconomic variables relative
to a house. These are preserved by passing from a house - whatever its importance - to its soul.
The wealth of the results obtained shows that the path open must allow economists to go farther
and safer in their work while also enabling a broader public to better understand what the economy is.
P.i.e-peter lang s.a., éditions scientifiques internationales
20 Avril 2012
9783035261578
What is the worth of the social economy? What worth does the social economy produce? Co-operatives, not-for-profit and mutual benefits organizations as well as foundations share common values that colour the way they perform and how they manage to do so. Yet, little is known about how the social economy is actually being evaluated, and how evaluation may reinforce or weaken this specificity. This book fills a gap in the literature about the social economy. It seeks to make a critical assessment of the interests to which the social economy of today must cater and for which questions of evaluation appear to be the most telling. A first set of contributions is made up of four theoretical papers inspired by various disciplinary fields: management, economy, sociology, philosophy. A second set of contributions is composed of seven national analyses of how the social economy is evaluated in different institutional contexts: France, Québec (Canada), United Kingdom, United States, Brazil, Portugal and Japan. The conclusion of the book summarizes the findings of this study and formulates some questions addressed to policy designers, evaluation specialists and social economy actors.
Compared to Western-European countries, the adoption of Christianity, the founding of the state, then the establishment of the inherent western-type state administration has begun in the Hugarian Kingdom several hundred years later, from the 11th Century. From the middle of the 16th Century, this process was wrecked by the losing wars against the Ottoman Empire, followed by the subjection to the Habsburg Empire. Armed, blood-stumbled fighting against oppressive powers, the Revolution and War of Independence in 1848-1849 or the 1956 Revolution against the Soviet Empire have all increased the determination of the nation for implementing a successful economic policy. Hungary, losing in World War I and II, came into the Soviet Union's sphere of influence, but was able to hold the position of the « happiest barrack » and « showcase country » within the Soviet-type planned economy system. Financial aspects of a raw market economy following the disintegration of the socialism, as well as that of an active state operation after 2010 may both provide interesting pieces of information.
Solving the problem of hunger and malnutrition, producing and guaranteeing access to healthy food, preserving the environment, valuing local cultures and ensuring citizen participation are some of the challenges that permeate the dynamics of food systems. From different scales and perspectives of analysis, the book addresses the role of Latin American public policies and actions in the configuration of healthy and sustainable food systems.
en50MINUTOS.es te ofrece un análisis rápido y conciso de El capital en el siglo XXI de Thomas Piketty, un revolucionario superventas que ha ocupado los primeros puestos de las listas de libros más vendidos en todo el mundo. Si quieres descubrir en un tiempo récord un pensamiento revolucionario que ha inspirado movimientos ciudadanos como Occupy Wall Street o el Movimiento 15M, ¡en50Minutos.es te lo pone fácil!
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o Una visión global y novedosa de la situación económica actual mediante una retrospectiva histórica que abarca una veintena de países y que parte del siglo XVIII para detenerse en nuestros días
o El conocimiento necesario para comprender por qué la riqueza está distribuida de forma desigual e identificar patrones en el proceso de acumulación de la renta
o La solución planteada por Piketty para evitar que la riqueza se concentre en manos de unos pocos: crear un impuesto sobre la riqueza con validez global
Sobre en50MINUTOS.es | Book Review
en50MINUTOS.es te ofrece análisis rápidos y prácticos de grandes superventas que te ayudarán a triunfar tanto en el ámbito profesional como en la esfera privada.
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Con Book Review en50MINUTOS.es, ¡atrévete a pensar en grande!
In nur 50 Minuten den komparativen Kostenvorteil verstehen
Der englische Ökonom David Ricardo stellte 1817 das Gesetz des komparativen Kostenvorteils auf. Es besagt, dass Freihandel für alle beteiligten Wirtschaftsakteure von Vorteil ist, wenn sich jeder Akteur auf die Produktion des Gutes spezialisiert, für das er einen komparativen Kostenvorteil bzw. den geringsten komparativen Nachteil hält. Das Gesetz findet insbesondere im Außenhandel seine Anwendung und bildet damit die Grundlage für die Globalisierungstheorie. Allerdings wurde auch festgestellt, dass der Außenhandel heute häufig auf künstlichen bzw. willkürlichen komparativen Kostenvorteilen beruht. Die Theorie des Verelendungswachstums oder auch die Theorie des ungleichen Handels bieten daher Alternativen zu Ricardos Modell.
Nach 50 Minuten knnen Sie:
Ricardos Modell zum Außenhandel auf ein aktuelles Beispiel anwenden
die Vorteile von Spezialisierung bei der Produktion beschreiben
die Theorie um weitere Modelle ergänzen
Anhand praktischer Beispiele wird die Theorie leicht verständlich veranschaulicht. So erhalten Sie einen interessanten und praxisorientierten Überblick über das Wesentliche.
Der Einstieg in ein neues Kapitel Ihrer Unternehmensgeschichte!
Über 50MINUTEN.DE | BUSINESS MANAGEMENT UND MARKETING
Was bewegt die Wirtschaftswelt? Mit der Serie Business Management und Marketing der Reihe 50Minuten verstehen Sie schnell die wichtigsten Modelle und Konzepte. Unsere Titel versorgen Sie mit der notwendigen Theorie, prägnanten Definitionen der Schlüsselwrter und interessanten Fallstudien in einem einfachen und leicht verständlichen Format. Sie sind der ideale Ausgangspunkt für Leserinnen und Leser, die ihre Fähigkeiten und Kenntnisse erweitern mchten.
Este libro es una guía práctica y accesible para entender en qué consiste el Programa de las Naciones Unidas para el Desarrollo, que le aportará la información esencial y le permitirá ganar tiempo.
En tan solo 50 minutos usted podrá:
o Descubrir el contexto en el que nace el PNUD, el programa de las Naciones Unidas que busca el desarrollo y el bienestar humano, y entender la noción de «subdesarrollo» y su evolución a lo largo del tiempo
o Comprender qué es el índice de desarrollo humano y profundizar en conceptos como el subdesarrollo, la pobreza extrema, la vulnerabilidad o la resiliencia
o Analizar en qué consisten los Objetivos de Desarrollo del Milenio (ODM) y los resultados obtenidos, y entender cuáles son los desafíos a los que habrá que enfrentarse en el futuro
SOBRE en50MINUTOS.ES | Economía y empresa
en50MINUTOS.ES le ofrece las claves para entender rápidamente las principales teorías y conceptos que rigen el mundo económico actual.
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¡Descubra en un tiempo récord las claves para el éxito de su negocio!
Understand Black Monday in no time! Find out everything you need to know about this major financial crisis with this practical and accessible guide.
On 19 October 1987, a number of factors came together to cause an unexpected drop in share prices on the New York Stock Exchange, with the Dow Jones ultimately losing 22.6% of its value in the course of a single day. This was the largest drop in the index's long history, but fortunately the real economy emerged relatively unscathed from the crash and a crisis of the magnitude of the 1929 Wall Street Crash was averted.
In 50 minutes you will be able to:
o Identify the reasons for the sudden loss of share value on 19 October 1987
o Find out about the crash's impact on stock markets around the world
o Understand the decisive action taken to prevent the crisis from worsening
ABOUT 50MINUTES.COM | ECONOMIC CULTURE
The Economic Culture series from the 50Minutes collection provides the tools to quickly understand the main theories and concepts that shape the economic world of today. Our publications will give you elements of theory, definitions of key terms and case studies in a clear and easily digestible format, making them the ideal starting point for readers looking to develop their skills and expertise.
The must-read summary of Jorge Perez's book: "Powerhouse Principles: The Billionaire Blueprint for Real Estate Success".
This complete summary of the ideas from Jorge Perez's book "Powerhouse Principles" shows that real estate has been the biggest generator of wealth in history. According to the author, if you want to get rich, real estate is still the best way to achieve your goal, but there is no secret formula or magic pill. To succeed in real estate, you have to be focused, set high goals and then work extremely hard to make your goals become your reality. This summary provides guiding principles, keys and rules that you can apply to ensure that your real estate investment leads to success.
Added-value of this summary:
o Save time
o Understand key concepts
o Expand your knowledge
To learn more, read "Powerhouse Principles" and discover the endless possibilities of real estate.
