By 2000, simulated per capita product is 2.21 times larger than a counterfactual in which the American System of manufactures never existed.doi:10.1007/s10887-021-09186-xMarvin GoodfriendTepper School of Business, Carnegie Mellon University, Pittsburgh, USAJohn McDermott...
A 'World Economic System' refers to the structure governing the global economy, including the interplay between natural resources, pollution, population growth, and economic activities of all countries. It is influenced by factors such as resource depletion, pollution, and overpopulation, which can lea...
2. This continuous pattern raises concerns about the potential impacts of climate change and its associated socioeconomic costs. Notable effects of heat stress are on human health and labour productivity. On the one hand, global heat stress makes it difficult for ...
The government briefly outlawed the use of multiple currencies in 2019, only to reintroduce the multi-currency system in 2020, with the U.S. dollar gaining prominence in transactions since then.■ A woman shows a new currency Zimbabwe Gold banknote outside a bank in Harare, Zimbabwe, on April...
A system-wide perspective helps better understand the trade-offs and synergies of attaining the SDGs64. Reactivating national, cross-sector planning systems, as illustrated by Vietnam’s successful progress towards the MDGs, SDGs, and minimizing Covid-19 impacts, should be encouraged32. This paper...
even if efficiencies increase. This means that biodiversity loss and the depletion of natural resources may accelerate. In combination with the impacts of climate change, these environmental pressures can rapidly exceed the planetary boundaries and cause system shifts (Barnosky et al., 2012; Häyhä...
With the fast growing long-term capital market operating mainly on stocks, bonds and futures, the whole financial market system is being perfected gradually. Now there are three stockjobbers, 112 sales departments, 24 service units, which have total capital assets of 28 billion Yuan. There are...
Thus, minimizing the environmental impact while embracing best management practices is vital for the overall sustainability of the production system. The rapid global growth of the bioenergy industry raises concerns about its complex effects, including both positive synergies and adverse impacts on ...
system while receiving some free services under the new program. This paper presents a theoretical model that shows that employment-based health insurance schemes interfere with the functioning of the labor market. Specifically, the model predicts that improvements in the provision of public healthcare...
The rules of the game underpinning the global economic system and governance are in flux, yet international cooperation is still vital to preserve and increase prosperity and sustainability. A consensus among world economic powers on what constitutes fairness in competition, IP rights, data...