This book explores the transition into a future economy where human work is largely replaced by automation. As this transition takes place job destruction will outpace job creation resulting in increasing unemployment. The author theorizes that the key challenges in managing this transition will be providing income for the unemployed, reforming a government dominated by the wealthy and corporate interests, and creating new social structures to replace work as a central focus of life.

The book begins with a discussion of the concept of bounded rationality and how it influences...

This edited volume discusses the concept of resilient cities within the Gulf Cooperation Council (GCC) region. Written by an international panel of scholars and experts, the book presents theoretical approaches, identifies risk factors, and suggests policies for building resiliency in a region of the world undergoing rapid urbanization. Chapters cover a diverse range of topics, including innovative concepts and studies in resilient city design, the interaction of social, entrepreneurial, governmental, and ecological transformations in the GCC region, and international best practices for...

In the light of digital transformation and the role of information and communication technologies for economic development, this volume discusses the challenges and opportunities for a new digital economy and regional and sustainable development of countries in the Balkans and Eastern Europe. It features selected contributions on topics such as regional economic growth, e-government strategies, the role of global value chains, smart cities and other issues related to digital transformation. The book will appeal to scholars and practitioners in economics, regional science, business and...

This book provides a tour through a novel theoretical approach to understanding the political economy of authoritarianism and the international market for capital investment. As the author demonstrates through an extensive series of analysis, success in attracting investment (and ultimately fostering growth) lies with the ability of the state to reduce investors’ uncertainty. The author explores the market for FDI in nondemocratic states and finds that those states which feature reduced competition over policy between “economic elites” are more likely to attract investment inflows....

This volume mainly focuses on the relevance and application of Heckscher-Ohlin Model and Specific Factors Model of trade, while also addressing other latest global issues which are connected with two most celebrated structures of trade models developed by the legendary trade theorist Prof. Ronald Winthrop Jones. The two models were published as 'The Structure of Simple General Equilibrium Models' (1965) and 'A Three Factor Model in Theory, Trade and History' (1971). Both the structures are used extensively by trade economists and development economists to decipher a bunch of interesting...

Taking the new structural economics as the theoretical tools, this book obtains the maximum understanding of the history, development, current situation, and trend of the change of world economic structure, as well as China's role in its development and its underlying laws and policies, analyzes the polarization between the rich and poor for countries worldwide, and provides a way for them to achieve common prosperity.

The world is going through a new round of major transformation. Profound adjustment has been made in international economy, science, culture, security, and politics,...

To elucidate the theoretical underpinnings and practical nuances of China's Outward Foreign Direct Investment (OFDI) in Indonesia spanning 1990-2022, this book intricately integrates its evolutionary trajectory within the framework of both traditional and emerging investment theories. Employing a judicious blend of standardized and empirical approaches, the book employs a comprehensive mix of quantitative and qualitative research methods to provide a nuanced understanding of this dynamic subject matter. Against the backdrop of the post-pandemic era, this book takes the international...