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The purpose of the book is to elaborate a planning theory which departs from the plethora of theories which reflect the conditions of developed countries of the North-West. The empirical material of this effort is derived from a country, Greece, which sits on the edge between North-West and South-East, at the corner of Europe. No doubt, there is extensive international literature on planning theory in general from a bewildering variety of viewpoints. The interested professional or student of urban and regional planning is certainly aware of the dizzying flood of books, articles and research reports on planning theory and of their never-ending borrowing of obscure concepts from more respectable scientific disciplines, from mathematics to philosophy and from physics to economics, human geography and sociology. He or she probably observed that there is a growing interest in theoretical approaches from the viewpoint of the so-called “Global South”. The author of the present book has for many decades faced the impasse of attempting to transplant theories founded on the experience of the North-West to countries with a totally different historical, political, social and geographical background. He learned that the reality that planners face is unpredictable, patchy, and responsive to social processes, frequently of a very pedestrian nature. Planning strives to deal with private interests which planners are keen to envelop in a single “public interest”, which is extremely hard to define. The behaviour of the average citizen, far from being that of the neoclassical model of the homo economicus, is that of an individual, a kind of homo individualis, who interacts with the state and the public administration within a complex web of mutual dependence and negotiation. The state and its administrative apparatus, i.e., the key-determinants and fixers of urban and regional planning policy, bargain with this individual, offer inducements, exemptions, derogations and privileges, deviate unhesitatingly from their grand policy pronouncements, but still defend the rationality and comprehensiveness of the planning system they have legislated and operationalized. It is by and large a successful modus vivendi, but only thanks to a constant practice of compromise. Hence, the term compromise planning, which the author coined as an alternative to all the existing theoretical forms of planning. This is the sort of planning, and of the accompanying theory, with which he deals in this book. It is the outcome of experience and knowledge accumulated in a long personal journey of academic teaching in England and Greece, research, and professional involvement.
Athens, Greece—May Day 2010. The International Monetary Fund (IMF) and the European Union (EU) were putting together the final details of a $100 billion euro rescue package for the country. The Greek Prime Minister, George Papandreou, had agreed to a savage package of “austerity measures” involving cuts in public spending and lower salaries and pensions. Outside, riot police were deployed as protestors gathered to fight the austerity program. A country with a history of revolution and dictatorship hovered on the brink of collapse—with the world’s financial markets watching to see if the deal cobbled together would be enough to both calm the markets and rescue the Greek economy, and with it the euro, from oblivion. In Bust: Greece, the Euro, and the Sovereign Debt Crisis, leading market commentator Matthew Lynn blends financial history, politics, and current affairs to tell the story of how one nation rode the wave of economic prosperity and brought a continent, a currency, and, potentially, the global financial system to its knees. Bust is a story of government deceit, unfettered spending, and cheap borrowing: a tale of financial folly to rank alongside the greatest in history. It charts Greece’s rise, and spectacular fall from grace, but it also explores the global repercussions of a financial disaster that has only just begun. It explains how the Greek debt crisis spread like wildfire through the rest of Europe, hitting Ireland, Portugal, Italy, and Spain, and ultimately provoking a crisis that brought the euro to the edge of collapse. And it argues that the Greek crisis is just the start of a decade of financial turmoil that will eventually force the break up of the euro, and a massive retrenchment in the living standards of all the developed economies. Written in a lively and entertaining style, Bust: Greece, the Euro, and the Sovereign Debt Crisis is an engaging and informative account of a country gone wrong and a must-read for anyone interested in world events and global economics.
In December 2008, the world watched as Greece plunged into-an unprecedented crisis, both social and economic, the effects of which would be felt around the world. In this new volume of essays edited and introduced by members of the Occupied London collective, over two dozen writers analyze the Greek uprising, contextualising the city and state from which it arose, exploring the waves of crisis that followed in its wake, and theorising the future of global revolt. Book jacket.
The entire world turned its focus toward the troubled nation, waiting for the possibility of a Greek exit from the European Monetary Union and its potential to unravel the entire Union, with other weaker members heading for the exit as well. The effects of Greece's crisis are also tied up in the global arguments about austerity, with many viewing it as necessary medicine, and still others seeing austerity as an intellectually bankrupt approach to fiscal policy that only further damages weak economies. In Modern Greece: What Everyone Needs to Know, Stathis Kalyvas, an eminent scholar of conflict, Europe, and Greece combines the most up-to-date economic and political-science findings on the current Greek crisis with a discussion of Greece's history.
"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
This paper describes the compilation of the first truly comprehensive database on gross government debt-to-GDP ratios, covering nearly the entire IMF membership (174 countries) and spanning an exceptionally long time period. The database was constructed by bringing together a number of other datasets and information from original sources. For the most recent years, the data are linked to the IMF World Economic Outlook (WEO) database to facilitate regular updates. The paper discusses the evolution of debt-to-GDP ratios across country groups for several decades, episodes of debt spikes and reversals, and a pattern of negative correlation between debt and growth.
This second edition explores how money 'works' in the modern economy and synthesises the key principles of Modern Money Theory, exploring macro accounting, currency regimes and exchange rates in both the USA and developing nations.
A page-turning novel that is also an exploration of the great philosophical concepts of Western thought, Jostein Gaarder's Sophie's World has fired the imagination of readers all over the world, with more than twenty million copies in print. One day fourteen-year-old Sophie Amundsen comes home from school to find in her mailbox two notes, with one question on each: "Who are you?" and "Where does the world come from?" From that irresistible beginning, Sophie becomes obsessed with questions that take her far beyond what she knows of her Norwegian village. Through those letters, she enrolls in a kind of correspondence course, covering Socrates to Sartre, with a mysterious philosopher, while receiving letters addressed to another girl. Who is Hilde? And why does her mail keep turning up? To unravel this riddle, Sophie must use the philosophy she is learning—but the truth turns out to be far more complicated than she could have imagined.
At the onset of the Great Recession, as house prices sank and joblessness soared, many commentators concluded that the economic convictions behind the disaster would now be consigned to history. Yet in the harsh light of a new day, attacks against government intervention and the global drive for austerity are as strong as ever. Never Let a Serious Crisis Go to Waste is the definitive account of the wreckage of what passes for economic thought, and how neoliberal ideas were used to solve the very crisis they had created. Now updated with a new afterword, Philip Mirowski’s sharp and witty work provides a roadmap for those looking to escape today’s misguided economic dogma.
A critical and detailed analysis of inequalities of world trade systems.