The services economy is on the rise all around the world, and services now comprise the largest share of economic activity and employment in almost every country. This book presents the latest evidence demonstrating how technologies and globalization have transformed the services industry. Services are becoming increasingly tradable under World Trade Organization rules and regional trade agreements, and some services subsectors are also seeing rates of productivity growth comparable to that in manufacturing. At the same time, services are increasingly contributing to manufacturing success, and countries’ overall economic competitiveness now hinges crucially on the availability of high-quality and affordable services inputs. Furthermore, a well-functioning services sector can accelerate human development through better access to basic needs, such as education, energy, finance, health, water, and sanitation. Services can also be a source of good jobs with fewer negative environmental and social externalities. Overall, the ongoing structural transformation toward a services economy is a unique opportunity to achieve long-term income growth, which in turn promotes sustainable development. This book offers suggestions on how to achieve this, and is thus an indispensable read for researchers and policy makers alike.

This book employs an interdisciplinary, cross-sectoral lens to explore the collaborative dynamics that are currently disrupting, re-creating and transforming the production and consumption of tourism. House swapping, ridesharing, voluntourism, couchsurfing, dinner hosting, social enterprise and similar phenomena are among these collective innovations in tourism that are shaking the very bedrock of an industrial system that has been traditionally sustained along commercial value chains. To date there has been very little investigation of these trends, which have been inspired by, amongst other things, de-industrialization processes and post-capitalist forms of production and consumption, postmaterialism, the rise of the third sector and collaborative governance. Addressing that gap, this book explores the character, depth and breadth of these disruptions, the creative opportunities for tourism that are emerging from them, and how governments are responding to these new challenges. In doing so, the book provides both theoretical and practical insights into the future of tourism in a world that is, paradoxically, becoming both increasingly collaborative and individualized.

"This volume brings together a distinguished group of world-renowned economists to explore the challenges of maintaining vigorous economic growth in the United States, including issues related to demographics, social insurance programs, technological progress, human capital accumulation, immigration, income inequality, financial institutions, and fiscal policy. The volume consists of a set of papers that were presented at a conference on the "Prospects for Economic Growth in the United States," which was one of a series of events celebrating the 25th anniversary of Rice University's Baker Institute for Public Policy. The conference was sponsored by the Baker Institute's Center for Public Finance and held at Rice on December 6-7, 2018"--

Addresses the most central debates in contemporary investment law and policy.

Making Cities Work brings together leading writers and scholars on urban America to offer critical perspectives on how to sustain prosperous, livable cities in today's fast-evolving economy. Successful cities provide jobs, quality schools, safe and clean neighborhoods, effective transportation, and welcoming spaces for all residents. But cities must be managed well if they are to remain attractive places to work, relax, and raise a family; otherwise residents, firms, and workers will leave and the social and economic advantages of city living will be lost. Drawing on cutting-edge research in the social sciences, the contributors explore optimal ways to manage the modern city and propose solutions to today's most pressing urban problems. Topics include the urban economy, transportation, housing and open space, immigration, race, the impacts of poverty on children, education, crime, and financing and managing services. The contributors show how to make cities work for diverse urban constituencies, and why we still need cities despite the many challenges they pose. Making Cities Work brings the latest findings in urban economics to policymakers, researchers, and students, as well as anyone interested in urban affairs. In addition to the editor, the contributors are David Card, Philip J. Cook, Janet Currie, Edward L. Glaeser, Joseph Gyourko, Richard J. Murnane, Witold Rybczynski, Kenneth A. Small, and Jacob L. Vigdor.

In an effort to provide greater awareness of the necessary policy decisions facing our elected and appointed officials, Energy Policy in the U.S.: Politics, Challenges, and Prospects for Change presents an overview of important energy policies and the policy process in the United States, including their history, goals, methods of action, and consequences. In the first half of the book, the authors frame the energy policy issue by reviewing U.S. energy policy history, identifying the policy-making players, and illuminating the costs, benefits, and economic and political realities of currently competing policy alternatives. The book examines the stakeholders and their attempts to influence energy policy and addresses the role of supply and demand on the national commitment to energy conservation and the development of alternative energy sources. The latter half of the book delves into specific energy policy strategies, including economic and regulatory options, and factors that influence energy policies, such as the importance of international cooperation. Renewed interest in various renewable and nontraditional energy resources—for example, hydrogen, nuclear fusion, biomass, and tide motion—is examined, and policy agendas are explored in view of scientific, economic, regulatory, production, and environmental constraints. This book provides excellent insight into the complex task of creating a comprehensive energy policy and its importance in the continued availability of energy to power our way of life and economy while protecting our environment and national security.

Why does North Korea behave erratically in pursuing its nuclear weapons program? Why did the United States prefer bilateral alliances to multilateral ones in Asia after World War II? Why did China become "nice"—no more military coercion—in dealing with the pro-independence Taiwan President Chen Shuibian after 2000? Why did China compromise in the negotiation of the Chunxiao gas exploration in 2008 while Japan became provocative later in the Sino-Japanese disputes in the East China Sea? North Korea’s nuclear behavior, U.S. alliance strategy, China’s Taiwan policy, and Sino-Japanese territorial disputes are all important examples of seemingly irrational foreign policy decisions that have determined regional stability and Asian security. By examining major events in Asian security, this book investigates why and how leaders make risky and seemingly irrational decisions in international politics. The authors take the innovative step of integrating the neoclassical realist framework in political science and prospect theory in psychology. Their analysis suggests that political leaders are more likely to take risky actions when their vital interests and political legitimacy are seriously threatened. For each case, the authors first discuss the weaknesses of some of the prevailing arguments, mainly from rationalist and constructivist theorizing, and then offer an alternative explanation based on their political legitimacy-prospect theory model. This pioneering book tests and expands prospect theory to the study of Asian security and challenges traditional, expected-utility-based, rationalist theories of foreign policy behavior.