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Published in 1995, this set of 13 essays on the causes and implications of financial problems in three different economic organizations - corporate, semi-co-operative and non-co-operative farming communities and sovereign states. Areas covered include insolvency and bankruptcy, and risk-sharing/spreading behaviour.

During the growth process inequality may rise or decline, and the change in the level of inequality may, in turn, affect growth. An increase in inequality in one place and better prospects of growth and earnings elsewhere can trigger migration. As a result of these close affecting links between factors, each of the 18 studies - a mix of both theoretical and empirical - is concerned with at least two of these issues, and is classified into one of three general parts in accordance with the theme that is mostly emphasized. The main focus of the papers appearing in the first part of the book is...