Diagnostics for a globalized world / Sten Thore, The University of Texas at Austin, USA, Ruzanna Tarverdyan, The Geneva Consensus Foundation, Switzerland.

Format:

Book

Author/Creator:

Thore, Sten A. O., author.

Tarverdyan, Ruzanna, author.

Series:

World Scientific--Now Publishers series in business ; Volume 7.

World Scientific - Now Publishers Series in Business, 2251-3442 ; Volume 7

Language:

English

Subjects (All):

Economic policy.

Social policy.

Sustainable development.

Globalization--Economic aspects.

Globalization.

Physical Description:

1 online resource (254 p.)

Place of Publication:

Hanover, Massachusetts ; Hackensack, New Jersey : now : World Scientific, 2015.

Language Note:

English

Summary:

"How do you gauge the accomplishments of policy and its failures? While a number of nations are successful in optimizing a socio-economic welfare function, others are woefully falling short of the optimal frontier. Diagnostics for a Globalized World proposes a reformulation of the inherited theory of economic and social policy (codified in the 1950s by Jan Tinbergen) to find a diagnostic tool in measuring the effectiveness of economic and social policy. Using a logarithmic adaptation of data envelopment analysis, the authors explain how to rank the attainment of nations of multidimensional goals such as those expressed by the UN Millennium Development Goals (MDGs) and upcoming Sustainable Development Goals (SDGs)."-- Provided by publisher.

Contents:

Contents; Foreword, by Dr. David V. Gibson; Preface; Introduction; Part I. The Economic and Social Policy of Nations: Achievements & Failures; Overview; Chapter 1. TheTheory of Economic and Social Policy Reconsidered; 1.1 International Initiatives; 1.2 Goals of Economic and Social Policy; 1.3 The Policy Parameters; 1.4 Tinbergen on Economic Policy; 1.5 Quasi-welfare; Chapter 2. Rating Country Performance by Frontier Analysis; 2.1 Constructing the Frontier; 2.2 Logarithmic Considerations; 2.3 The Ratio Model of DEA; Chapter 3. The Beginnings; 3.1 The Discovery of DEA

3.2 Productive Efficiency under Capitalism and State Socialism3.3 Ranking the Economic and Social Performance of Nations; Chapter 4. DecentWork; 4.1 TheWork by the International Labour Organization; 4.2 Goals and Policy Parameters; 4.3 Empirical Results: The Effectiveness Frontier; 4.3.1 Initial examination of data; 4.3.2 The envelope; 4.4 Empirical Results: DecentWork Deficits; 4.5 DecentWork and Policy Parameters; Chapter 5. A Fair Globalization; 5.1 Goals; 5.2 Tracing the Causes of Globalization: The Policy Parameters; 5.3 Empirical Results: The Effectiveness Frontier

5.4 Globalization and TurbulenceChapter 6. Nested Decision Trees; 6.1 Reconciling Twin Goals: DecentWork and A Fair Globalization; 6.2 Multi-Criteria Analysis: Nested Causality Trees; 6.3 A Nested Two-Stage Sequence of Effectiveness Ratings; 6.4 The Classical Dilemma: A Novel Approach; 6.5 A Generalized Format of Sequential Ratings; Chapter 7. Competitiveness; 7.1 The Manifestations of Competitiveness; 7.2 Causal Factors of Competitiveness: TheWorld Economic Forum; 7.3 Ranking the Competitive Performance of Nations: DEA; 7.4 Empirical Results; 7.5 Competitiveness: Concluding Remarks

Chapter 8. Disequilibrium and Chaos8.1 Path-dependency, Lock-in, Evolution, Creative Destruction; 8.2 Diffusion, Self-organization and Chaos; 8.3 Dissipative Processes and Disequilibrium; Appendices; Appendix 1. Numerical Solution: Fractional ProgrammingModel9; A1.1 Non-Archimedean infinitesimals; Appendix 2. Data Definitions; Appendix 3. Data Sources; Part II. A Geneva Consensus ; Overview; Chapter 9. Beyond GDP; 9.1 Recognizing the Limitations of GDP; 9.2 The Search for a More Meaningful Metric; 9.2.1 The human development index and beyond; 9.2.2 The Sarkozy commission; 9.3 Recent Progress

9.4 An Indicator Pyramid9.5 Composite Indicators; 9.6 Empirical Production/Transformation Functions; 9.7 Why DEA?; Chapter 10. Beyond theWashington Consensus; 10.1 The Washington Consensus; 10.2 TheWashington Consensus Criticized; 10.3 Post-Washington Consensus; 10.4 The Barcelona Development Agenda; 10.5 TheWay Forward; Chapter 11. Toward a Sustainable Globalization; 11.1 Challenges of Globalization; 11.2 The Social Dimension of Globalization; 11.3 Widening Inequalities; 11.4 The Oxford Martin Commission; 11.5 Globalization and Poverty; 11.6 Partnerships for Sustainable Globalization

11.7 Social Assessment

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on print version record.

ISBN:

981-4641-44-8

OCLC:

922952176