Download A Lexicon of Economics (Social Science Lexicons) by Phyllis Deane, Jessica Kuper PDF

By Phyllis Deane, Jessica Kuper

ISBN-10: 0415002346

ISBN-13: 9780415002349

A useful paintings which serves as an advent to the topic and as a reference for all those that have to stay up to date with monetary considering.

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The impact of technological change on employment has been raised many times since Ricardo’s original contribution to the subject. The parallel between modern discussions and 20 AUTOMATION Ricardo’s work suggests that we have not proceeded far in finding an answer to the problem (David, 1982). ) However the following points are salient to the debate: (1) The adoption of any new technology will not be instantaneous. Diffusion processes are slow. (2) Given that the new technology increases labour productivity, the impact on employment depends upon what happens to output.

EEC aid is not bilateral nor is it fully multilateral as the World Bank is; it is therefore to some extent a matter of arbitrary definition whether EEC aid should be counted as bilateral or multilateral. Multilateral aid is more valuable to the recipient than tied bilateral aid, because it gives a wider choice of options to obtain the imports financed by aid from the cheapest possible source. Untied bilateral aid would be equally valuable to the recipient—however, on political grounds, the recipient (and some donors, too) may prefer the multilateral route.

DAC publishes an Annual Report under the title ‘Development Cooperation’; the 1983 volume contains detailed tables and breakdowns of aid flows. The OECD countries (the Western industrial countries including Japan, Australia and New Zealand) and the international organizations supported by them, such as the World Bank, the AID 11 Regional Development Banks, the UN Development Programme, and so on, account for the bulk of global aid. DAC also provides some data on other aid flows such as from OPEC (Organization of Petroleum Exporting Countries) countries and from the Eastern bloc.

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