Products related to Economy:
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Wired for Innovation : How Information Technology Is Reshaping the Economy
Two experts on the information economy explore the true economic value of technology and innovation. A wave of business innovation is driving the productivity resurgence in the U.S. economy. In Wired for Innovation, Erik Brynjolfsson and Adam Saunders describe how information technology directly or indirectly created this productivity explosion, reversing decades of slow growth.They argue that the companies with the highest level of returns to their technology investment are doing more than just buying technology; they are inventing new forms of organizational capital to become digital organizations.These innovations include a cluster of organizational and business-process changes, including broader sharing of information, decentralized decision-making, linking pay and promotions to performance, pruning of non-core products and processes, and greater investments in training and education. Innovation continues through booms and busts. This book provides an essential guide for policy makers and economists who need to understand how information technology is transforming the economy and how it will create value in the coming decade.
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Engineering Economy, Global Edition
For courses in undergraduate introductory engineering economics. Understand the importance of engineering economics principles and how to make smart economic choices Used by engineering students worldwide, this bestselling text provides a sound understanding of the principles, basic concepts, and methodology of engineering economy.Explanations and examples that are student-centered and practical in real-life situations help students develop proficiency in the methods and processes for making rational decisions.Built upon the rich and time-tested teaching materials of earlier editions, the text is extensively revised and updated to reflect current trends and issues.The new edition captures the spirit of environmental sustainability with more than 160 “green” problems, as well as new end-of-chapter problems and group exercises, and includes updates to the new 2017 Federal Tax code revisions.
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Robots, Automation and the Innovation Economy
Cascades of new technologies and innovations are entering our lives so fast that it is difficult for us to adapt to one innovation before the next becomes embedded into our everyday lives.What happens when the changes brought by technology are so profound that they affect all aspects of our lives?This book explores the potential impact of artificial intelligence (AI) and intelligent robots on individuals, organizations and society, specifically examining the impact on jobs and workplaces in the future.It provides an understanding of how we can adapt to changes that appear like flocks of black swans. Five key areas are unpacked in the book: automation, AI, (the significance of AI technology), innovation, competence transformation, and the fact that the pace of change is so rapid that it outstrips our ability to adapt to consecutive changes.The main objective is to show how AI will change society and how we as individuals and society must adapt in order to survive what the author terms ‘robot shock’, together with its consequences and after-effects.It offers a greater understanding of resistance to change and how we need to adopt strategies for adapting to major changes.Each of the book’s six chapters also contains policy inputs, framed as propositions, that are intended specifically for decision-makers.The book concludes by offering possible strategies for overcoming the negative effects of ‘robot shock’. The book intends to send a message to leaders of institutions, decision-makers and anyone attempting to understand and explain how we – as a social system – can succeed in tackling the many major challenges and crises faced by humanity.
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Science, Technology And Innovation Indicators : Lessons from the Development Experience in Africa
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Free market economy or planned economy?
The choice between a free market economy and a planned economy depends on the specific goals and values of a society. A free market economy allows for individual freedom and competition, which can lead to innovation and efficiency. However, it can also result in inequality and lack of regulation. On the other hand, a planned economy allows for more control and distribution of resources, but it can stifle individual initiative and innovation. Ultimately, the decision between the two depends on the balance a society seeks between individual freedom and social equality.
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Why market economy and not planned economy?
A market economy is preferred over a planned economy because it allows for individual freedom and choice in economic decision-making. In a market economy, prices are determined by supply and demand, leading to efficient allocation of resources. Additionally, competition in a market economy encourages innovation and productivity, driving economic growth. On the other hand, a planned economy, where the government controls production and distribution, can lead to inefficiencies, lack of innovation, and limited consumer choice.
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How are planned economy and shortage economy related?
A planned economy is a system in which the government controls and regulates production, distribution, and prices of goods and services. In a planned economy, resources are allocated based on a central plan rather than market forces. A shortage economy occurs when there is a lack of goods and services available for consumers due to factors such as poor planning, inefficiency, or external shocks. In a planned economy, the risk of a shortage economy is higher as the government may not accurately predict or meet the demands of the population, leading to imbalances in supply and demand.
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What is the difference between social market economy, free market economy, and planned economy?
A social market economy combines elements of both a free market economy and a planned economy. It allows for private ownership of businesses and resources, while also implementing government regulations to ensure fair competition and social welfare. In contrast, a free market economy relies on minimal government intervention, allowing businesses to operate with little regulation. On the other hand, a planned economy is centrally controlled by the government, with decisions regarding production, distribution, and pricing made by central authorities.
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Technology Innovation for the Circular Economy : Recycling, Remanufacturing, Design, System Analysis and Logistics
TECHNOLOGY INNOVATION FOR THE CIRCULAR ECONOMY The book comprises 56 peer-reviewed chapters comprehensively covering in-depth areas of circular economy design, planning, business models, and enabling technologies. Some of the greatest opportunities for innovation in the circular economy are in remanufacturing, refurbishment, reuse, and recycling.Critical to its growth, however, are developments in product design approaches and the manufacturing business model that are often met with challenges in the current, largely linear economies of today’s global manufacturing chains. The conference hosted by the REMADE Institute in Rochester, NY, brought together U.S. and international researchers, industry engineers, technologists, and policymakers, to discuss the myriad intertwining issues relating to the circular economy. This book consists of 56 chapters in 10 distinct parts covering broad areas of research and applications in the circular economy area.The first four parts explore the system level work related to circular economy approaches, models and advancements including the use of artificial intelligence (AI) and machine learning to guide implementation, as well as design for circularity approaches.Mechanical and chemical recycling technologies follow, highlighting some of the most advanced research in those areas.Next, innovation in remanufacturing is addressed with descriptions of some of the most advanced work in this field.This is followed by tire remanufacturing and recycling, highlighting innovative technologies in addressing the volume of end-of-use tires.Pathways to net-zero emissions in manufacturing of materials concludes the book, with a focus on industrial decarbonization. Audience This book has a wide audience in academic institutes, business professionals and engineers in a variety of manufacturing industries.It will also appeal to economists and policymakers working on the circular economy, clean tech investors, industrial decision-makers, and environmental professionals.
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Cultural Policy, Innovation and the Creative Economy : Creative Collaborations in Arts and Humanities Research
This book develops important new insights into the conditions that enable effective collaborations between arts and humanities researchers and SMEs in the creative economy.Drawing on the work of Creativeworks London, an AHRC-funded Knowledge Exchange Hub for the Creative Economy, this is an in-depth study of how co-created and collaborative research projects work on the ground and will be of immense value to all these audiences.Chapters by researchers and practitioners examine a range of collaborative research projects supported by Creativeworks London’s vouchers, which cover a large number of creative industry sectors and academic disciplines.The book identifies key learning from these projects that has wider relevance for academics, funders, policy makers, and SMEs in the creative economy.Morag Shiach is Professor of Cultural history at Queen Mary University of London, UK, where she is also Director of Creativeworks London and Vice-Principal for Humanities and Social Sciences.Her publications include Modernism, Labour and Selfhood in British Literature and Culture; Feminism and Cultural Studies; Hélène Cixous: A Politics of Writing; and Discourse on Popular Culture.Dr. Virani obtained his PhD from King’s College London, UK.He is a full time researcher for Creativeworks London research project at Queen Mary University of London, UK.His research interests include the role of knowledge in the cultural economy, artistic knowledge within locally bounded artistic communities, and new work spaces in the creative and cultural economy.
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The Cultural Sector and Sustainable Economic Development : Innovation and the Creative Economy in European Cities
The cultural sector plays an important role in sustainable economic development and creates economic activities, opportunities for entrepreneurship and jobs, adding to the attractiveness of cities and contributing to the development of tourism.The Cultural Sector and Sustainable Economic Development: Innovation and the Creative Economy in European Cities offers both a theoretical and practical analysis of the contemporary approach to culture and innovation, with special emphasis on the relationships among culture, innovation and the economy.Sustainable development, itself, balances environmental protection, culture, social progress, the economy and stability today and for the future.The book’s key theme is the role and possibility of culture as a laboratory, with a strong supporting subtext on innovative practice.The text provides an eclectic mix of possibilities that reinforce and underscore the full innovative and complex potentials of culture.It is a cross-disciplinary volume presenting case studies that cover the main theme of cultural ecosystem in a very broad sense, highlighting the relationships that could lead to a sustainable system where economy and culture are the main players.It proposes and maps the European perspective of urban cultural development and suggests that the successes and challenges of European cities under consideration may offer guidance on best practices for urban development in other distant cultural contexts.This book is written in such a way that it can be used as a summary for a cultural professional, a reference text for an academic or for actors in local development and cultural policy at European, national and local levels.
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Hydrogen Economy, The: Fundamentals, Technology, Economics
The 'Hydrogen Economy' is very broad subject ranging from the potential use of hydrogen for domestic use to the mass production of hydrogen replacing coal, natural gas (LNG) and conventional transport fuels.For any given project, there are many alternatives to consider for each stage of making, storing and transporting hydrogen.The book aims to assist proponents, and financiers of hydrogen projects to identify the optimum alternatives and identify hurdles and approaches to overcome them.This book attempts to describe an optimum approach to implement and its cost. It sets out to identify hurdles to implementation which may not be apparent to those entering the field for the first time.The book covers the various means and costs of production from fossil fuels (with carbon capture) - blue hydrogen - electrolysis - green hydrogen - or biomass.The book covers hydrogen storage as liquid or compressed gas and transport, through pipelines as liquid or by an intermediary fluid such as ammonia or a hydrocarbon.The book also discusses the production and costs of hydrogen delivery at the user end of a logistics chain.It also compares the relative energy value of energy delivered hydrogen versus the current suite of conventional fuels.
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How could one structure the research paper on political economy?
One way to structure a research paper on political economy is to start with an introduction that provides background information on the topic and outlines the research question or hypothesis. The paper can then move on to a literature review that summarizes existing research on the subject. Next, the methodology section should detail how the research was conducted, including the data sources and analytical techniques used. The results section should present the findings of the study, followed by a discussion that interprets the results in the context of the existing literature and offers insights into the implications of the research. Finally, the paper should conclude with a summary of the key findings and suggestions for future research.
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Is Germany a centrally planned economy, a social market economy, or a free market economy?
Germany is considered a social market economy. This means that while it operates within a free market framework, the government plays a significant role in regulating the economy and providing social welfare programs. The social market economy model aims to balance economic freedom with social responsibility, promoting competition and entrepreneurship while also ensuring social security and a fair distribution of wealth. This approach has been a key factor in Germany's economic success and stability.
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How do planned economy and social market economy differ?
A planned economy is one in which the government controls all aspects of economic production and distribution, including setting prices and determining what goods and services are produced. In contrast, a social market economy is a system in which the government plays a more limited role, allowing for private ownership and competition while also providing social safety nets and regulations to ensure fair competition and protect consumers. In a planned economy, the government has a central role in decision-making, while in a social market economy, the market plays a more significant role, with government intervention focused on ensuring fairness and social welfare.
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'Economy or Environment?'
Both the economy and the environment are important and interconnected. It is essential to strike a balance between economic growth and environmental protection to ensure sustainable development. Neglecting the environment can have long-term negative impacts on the economy, while a healthy environment can support a thriving economy. Therefore, it is crucial to consider both aspects in decision-making processes to achieve a harmonious and sustainable future.
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