- Table View
- List View
The Diversity Code: Unlock the Secrets to Making Differences Work in the Real World
by Michelle T. JohnsonThe most diligent compliance with laws and regulations can't foster true work place diversity. The best organizations have become genuine cross-cultural communities that believe equally in reconciling differences and valuing them. To that end, The Diversity Code promotes understanding by answering many of the toughest questions that professionals and their employers are often afraid to ask, including: ò How do you define diversityùwhat it is and isn't? ò Am I ôsafeö simply following the law? ò Can't we just acknowledge that we are the same and differentùthen get on with our work? ò How do I handle diversity problems on my staffùor worse, with people who outrank me? ò What do I do if I'm accused of something? ò How do I institute change without ticking people off? Each chapter begins with a challenging question, which the author answers based on years of experience as a diversity expert and attorney, and concludes with a real-world scenario and a chance for readers to test themselves on their knowledge.
The Diversity Gap: Where Good Intentions Meet True Cultural Change
by Bethaney WilkinsonA sweeping leadership framework to institute clear and intentional actions throughout your organization so that people of all racial backgrounds are empowered to lead, collaborate, and excel at work.The Diversity Gap is a fearless, groundbreaking guide to help leaders at every level shatter the barriers that are causing diversity efforts to fail.Combining real-world research with honest first-person experiences, racial justice facilitator Bethaney Wilkinson provides leaders a replicable structure to foster a diverse culture of belonging within your organization.With illuminating and challenging insights on every page, you will:Better understand today&’s racial climate and its negative impact on your organization and team;Be equipped to shift your organizational culture from one that has good intentions for &“diversity&” to one that addresses systemic barriers to all employees thriving at work; andBe emboldened to participate in creating an organizational culture where people from various racial backgrounds are growing in their purpose, making their highest contributions, and collaborating effectively towards greater impact at work and in the world.Ultimately, The Diversity Gap is the quantum shift between well-intentioned organizational diversity programs that do little to move the needle and a lasting culture of equity and belonging that can transform your organization and outpace your industry.
The Diversity Index: The Alarming Truth About Diversity in Corporate America...and What Can Be Done About It
by Susan E. ReedNearly 50 years after the Civil Rights Movement, there is a new crisis of opportunity in corporate America. Based on the author's groundbreaking study of Fortune 100 companies, The Diversity Indexidentifies a barrier that has formed as white women have outpaced people of color and, along with white male executives, have wound up creating a persistent racial ceiling. In addition, the quest for global profits has created worldwide competition for the corporate suite, and U. S. -born minorities and whites are losing out. This isn't only a civil rights issue, as studies have shown that businesses with a strong commitment to diversity outperform their peers. The book takes an in-depth look at companies that have struggled to find the perfect leadership mix. Detailing the stories of executives of GeneralElectric, Hewlett Packard, Merck, and PepsiCo, The Diversity Indexdistills - into 10 clear steps - the methods that the most successful companies used to develop integration, keep it growing, and empower their employees to develop new products and markets.
The Diversity Scorecard: Evaluating The Impact Of Diversity On Organizational Performance
by Edward Hubbard'The Diversity Scorecard' is designed to provide step-by-step instructions, worksheets and examples to help diversity executives and managers analyze and track the impact of their diversity initiatives to mobilize the organization for strategic culture change. Diversity is not a program; it is a systemic process of organizational change that requires measurement for organizational improvement and success.Measuring the progress and results of diversity initiatives is a key strategic requirement to demonstrate its contribution to organizational performance. Diversity executives, professionals and managers know they must begin to show how diversity is linked to the bottom-line in hard numbers or they will have difficulty maintaining funds, gaining support, and obtaining resources to generate progress.Many organizations collect some type of diversity-related data today, even if it focuses only on Affirmative Action statistics. "The Diversity Scorecard" focuses on tools and techniques to make sure diversity professionals are collecting and measuring the right type of data that will help ensure the organization"s success both now and in the future. This book helps the reader spend some time thinking about what they currently measure and adding new measures to a database to track progress towards their diversity vision. The basic premises of this book are that it is important to develop measures that focus on the past, present, and future; and that measures need to consider the needs of the organization"s diverse workforce, its work climate, diverse customers, the community, and shareholders. Part I of "The Diversity Scorecard" identifies the need for diversity measurement highlighting a business case for diversity and providing an introduction to diversity measurement. Part II of the book outlines the diversity return on investment (DROI) process taking you through step-by-step processes and techniques. Part III teaches you how to use measures in six key categories - Diversity Leadership Commitment, Workforce Profile Representation, Workplace Climate, Learning & Growth, Diverse Customer / Community Partnerships, and Financial Impact - to build a diversity scorecard that is aligned and linked with the business strategy of the organization. Finally, in Part IV, Dr. Hubbard discusses implementation issues involving strategic change procedures and techniques to avoid the pitfalls inherent in a diversity-based cultural transition process.
The Diversity and Inclusion Handbook
by Sondra ThiedermanWhy should diversity and inclusion matter to you and your organization? The answer lies in that one thing we all strive for: SUCCESS. When team members of all backgrounds are included, valued, and respected for their uniqueness and what they have to contribute, they truly are more creative, more committed, more collaborative, and more motivated to participate to the fullness of their potential.
The Diversity of Emerging Capitalisms in Developing Countries
by Eric Rougier François CombarnousThis book presents the results of a collective and original empirical investigation of the institutional systems underlying the capitalisms that are coming to the fore in developing nations. It unveils an original typology of capitalism varieties for those countries whose capitalist nature has seldom benefited from much analysis so far: poor and emerging developing countries. The book's approach has consisted in analysing capitalist systems as clusters of sectoral institutions and regulations. It systematically identifies and compares the institutional clusters underlying capitalist market economies, especially in developing and emerging countries. The analyses proposed by the book enable answering the following questions: What are these clusters of institutions underlying emerging capitalisms? How can we identify and then study them empirically? Are there common patterns of institutional clustering across countries? If so, what are their main long-term determinants? Are there specific patterns of economic outcome associated with these clusters? Can different forms of institutional complementarity be observed? How can we analyse institutional reform from this point of view?
The Divide: American Injustice in the Age of the Wealth Gap
by Matt Taibbi Molly CrabappleA scathing portrait of an urgent new American crisis Over the last two decades, America has been falling deeper and deeper into a statistical mystery: Poverty goes up. Crime goes down. The prison population doubles. Fraud by the rich wipes out 40 percent of the world's wealth. The rich get massively richer. No one goes to jail. In search of a solution, journalist Matt Taibbi discovered the Divide, the seam in American life where our two most troubling trends--growing wealth inequality and mass incarceration--come together, driven by a dramatic shift in American citizenship: Our basic rights are now determined by our wealth or poverty. The Divide is what allows massively destructive fraud by the hyperwealthy to go unpunished, while turning poverty itself into a crime--but it's impossible to see until you look at these two alarming trends side by side. In The Divide, Matt Taibbi takes readers on a galvanizing journey through both sides of our new system of justice--the fun-house-mirror worlds of the untouchably wealthy and the criminalized poor. He uncovers the startling looting that preceded the financial collapse; a wild conspiracy of billionaire hedge fund managers to destroy a company through dirty tricks; and the story of a whistleblower who gets in the way of the largest banks in America, only to find herself in the crosshairs. On the other side of the Divide, Taibbi takes us to the front lines of the immigrant dragnet; into the newly punitive welfare system which treats its beneficiaries as thieves; and deep inside the stop-and-frisk world, where standing in front of your own home has become an arrestable offense. As he narrates these incredible stories, he draws out and analyzes their common source: a perverse new standard of justice, based on a radical, disturbing new vision of civil rights. Through astonishing--and enraging--accounts of the high-stakes capers of the wealthy and nightmare stories of regular people caught in the Divide's punishing logic, Taibbi lays bare one of the greatest challenges we face in contemporary American life: surviving a system that devours the lives of the poor, turns a blind eye to the destructive crimes of the wealthy, and implicates us all.Praise for The Divide "These are the stories that will keep you up at night. . . . The Divide is not just a report from the new America; it is advocacy journalism at its finest."--Los Angeles Times Praise for Matt Taibbi's Griftopia "A stinging new history of the financial crisis that heralds a return of Menckenesque, dirt-under-the-fingernails American journalism."--GQ "A relentlessly disturbing, penetrating exploration of the root causes of the trauma that upended economic security in millions of American homes . . . a full-scale indictment of Wall Street and Washington."--The New York Times Book Review "Matt Taibbi is [Hunter S.] Thompson's heir. . . . [Griftopia] is the most lucid, justifiably angry description of what happened and what continues to happen to our nation's economy."--Seattle Post-Intelligencer "Taibbi chronicles the corruption of the political process with indignation and dark humor. The takeaway? Be angry, but blame the right culprits."--TimeFrom the Hardcover edition.
The Divide: Global Inequality From Conquest To Free Markets
by Jason HickelGlobal inequality doesn’t just exist; it has been created. More than four billion people—some 60 percent of humanity—live in debilitating poverty, on less than $5 per day. The standard narrative tells us this crisis is a natural phenomenon, having to do with things like climate and geography and culture. It tells us that all we have to do is give a bit of aid here and there to help poor countries up the development ladder. It insists that if poor countries would only adopt the right institutions and economic policies, they could overcome their disadvantages and join the ranks of the rich world. Anthropologist Jason Hickel argues that this story ignores the broader political forces at play. Global poverty—and the growing inequality between the rich countries of Europe and North America and the poor ones of Africa, Asia, and South America—has come about because the global economy has been designed over the course of five hundred years of conquest, colonialism, regime change, and globalization to favor the interests of the richest and most powerful nations. Global inequality is not natural or inevitable, and it is certainly not accidental. To close the divide, Hickel proposes dramatic action rooted in real justice: abolishing debt burdens in the global South, democratizing the institutions of global governance, and rolling out an international minimum wage, among many other vital steps. Only then will we have a chance at a world where all begin on more equal footing.
The Divided Welfare State: The Battle over Public and Private Social Benefits in the United States
by Jacob S. HackerYou see someone smoking a cigarette and say,“Smoking is bad for your health,” when what you mean is, “You are a bad person because you smoke. ” You encounter someone whose body size you deem excessive, and say, “Obesity is bad for your health,” when what you mean is, “You are lazy, unsightly, or weak of will. ” You see a woman bottle-feeding an infant and say,“Breastfeeding is better for that child's health,” when what you mean is that the woman must be a bad parent. You see the smokers, the overeaters, the bottle-feeders, and affirm your own health in the process. In these and countless other instances, the perception of your own health depends in part on your value judgments about others, and appealing to health allows for a set of moral assumptions to fly stealthily under the radar. Against Health argues that health is a concept, a norm, and a set of bodily practices whose ideological work is often rendered invisible by the assumption that it is a monolithic, universal good. And, that disparities in the incidence and prevalence of disease are closely linked to disparities in income and social support. To be clear, the book's stand against health is not a stand against the authenticity of people's attempts to ward off suffering. Against Health instead claims that individual strivings for health are, in some instances, rendered more difficult by the ways in which health is culturally configured and socially sustained. The book intervenes into current political debates about health in two ways. First, Against Health compellingly unpacks the divergent cultural meanings of health and explores the ideologies involved in its construction. Second, the authors present strategies for moving forward. They ask, what new possibilities and alliances arise? What new forms of activism or coalition can we create? What are our prospects for well-being? In short, what have we got if we ain't got health? Against Health ultimately argues that the conversations doctors, patients, politicians, activists, consumers, and policymakers have about health are enriched by recognizing that, when talking about health, they are not all talking about the same thing. And, that articulating the disparate valences of “health” can lead to deeper, more productive, and indeed more healthy interactions about our bodies.
The Dividend Machine
by Bill SpetrinoBuild the optimal income-generating, investment portfolio using the power of dividends to achieve absolute financial security. In The Dividend Machine -- Bill Spetrino's proves his investment philosophy will provide for a solid and secure financial future. Traders who jump from stock to stock in the hunt for a major Wall Street score lose money or, at best, break even. That's not an acceptable fate for the retirement nest egg. Instead, true investors trust in The Dividend Machine by following Spetrino's proven advice: Keep investments boring and the rest of life fun and exciting. By valuing safety and income above all else, Spetrino guides the reader through the process of unearthing true bargains in the marketplace. Following the author's model, The Dividend Machine portfolio is made up of mostly large multinational companies that are involved in diverse businesses. The companies that pass Bill's rigorous, multi-step vetting process must have a number of key characteristics, such as:* Resonant brand names* Strong, competitive advantages in their industries* Pristine balance sheets* Capital to help survive and thrive in difficult marketsBe among the tens of thousands of readers who Bill Spetrino has been honored to help build their own Dividend Machines, which deliver dependable, growing income for life.
The Divine Economy: How Religions Compete for Wealth, Power, and People
by Paul SeabrightLonglisted for the Financial Times and Schroders Business Book of the Year AwardA novel economic interpretation of how religions have become so powerful in the modern worldReligion in the twenty-first century is alive and well across the world, despite its apparent decline in North America and parts of Europe. Vigorous competition between and within religious movements has led to their accumulating great power and wealth. Religions in many traditions have honed their competitive strategies over thousands of years. Today, they are big business; like businesses, they must recruit, raise funds, disburse budgets, manage facilities, organize transportation, motivate employees, and get their message out. In The Divine Economy, economist Paul Seabright argues that religious movements are a special kind of business: they are platforms, bringing together communities of members who seek many different things from one another—spiritual fulfilment, friendship and marriage networks, even business opportunities. Their function as platforms, he contends, is what has allowed religions to consolidate and wield power.This power can be used for good, especially when religious movements provide their members with insurance against the shocks of modern life, and a sense of worth in their communities. It can also be used for harm: political leaders often instrumentalize religious movements for authoritarian ends, and religious leaders can exploit the trust of members to inflict sexual, emotional, financial or physical abuse, or to provoke violence against outsiders. Writing in a nonpartisan spirit, Seabright uses insights from economics to show how religion and secular society can work together in a world where some people feel no need for religion, but many continue to respond with enthusiasm to its call.
The Divine Right of Capital: Dethroning the Corporate Aristocracy
by Marjorie Kelly* Updated paperback edition includes a new chapter and a Reader's Guide * Explores the real causes of the Enron fiasco and other recent corporate scandals * Explodes the myth that the stock market is "democratizing" wealth * Gives practical guidance to help employees and communities change corporate governance and unfetter the genius of the free market Wealth inequality, corporate welfare, and industrial pollution are symptoms-the fevers and chills of the economy. The underlying illness, says Business Ethics magazine founder Marjorie Kelly, is shareholder primacy: the corporate drive to make profits for shareholders, no matter who pays the cost. In The Divine Right of Capital, Kelly argues that focusing on the interests of stockholders to the exclusion of everyone else's interests is a form of discrimination based on property or wealth. She shows how this bias is held by our institutional structures, much as they once held biases against blacks and women. The Divine Right of Capital exposes six aristocratic principles that corporations are built on, principles that we would never accept in our modern democratic society but which we accept unquestioningly in our economy. Wealth bias is a holdover from our pre-democratic past. It has enabled shareholders to become a kind of economic aristocracy. Kelly shows how to design more equitable alternatives-new property rights, new forms of corporate governance, new ways of looking at corporate performance-that build on both free-market and democratic principles. We think of shareholder primacy as the natural law of the free market, much as our forebears thought of monarchy as the most natural form of government. But in The Divine Right of Capital, Kelly brilliantly demonstrates that it is no more "natural" than any other human creation. People designed this system and people can change it. We need a change of mind as profound as that of the American Revolution. We must question the legitimacy of a system that gives the wealthy few-the ten percent of Americans who own ninety percent of all stock-a disproportionate power over the many. In so doing, we can fulfill the democratic principles of our nation not only in the political sphere, but in the economic sphere as well.
The Division of Labour in Economics: A History (Routledge Studies In The History Of Economics Ser. #142)
by Guang-Zhen SunThis book provides, for the first time, a systematic and comprehensive narrative of the history of one central idea in economics, namely the division of labour, over the past two and a half millennia, with special focus on that having occurred in the most recent two and a half centuries. Quite contrary to the widely held belief, the idea has a fascinating biography, much richer than that exemplified by the pin-making story that was popularized by Adam Smith’s classical work published in 1776.
The Doc and the Duchess: The Life and Legacy of George H. A. Clowes
by Alexander W. ClowesAn “informative and enlightening” biography of a scientist who helped bring insulin to the world, and went on to become a prominent philanthropist (The Franklin Daily Journal).George Henry Alexander Clowes was a pivotal figure in the development of the insulin program at the Eli Lilly Company. Through his leadership, scientists and clinicians at Lilly and the University of Toronto created a unique international team to develop and purify insulin and take the production of this life-saving agent to an industrial scale.This biography, written by his grandson, presents his scientific achievements, and also takes note of his social and philanthropic contributions, which he shared with his wife, Edith. It tells the story of Clowes from his childhood in late Victorian England to his death at Woods Hole on Cape Cod in 1958. Educated in England and Germany, Clowes came to America to join a startup laboratory in Buffalo, where he conducted basic research on cancer and applied research on other disease-related problems. Assuming the position of head of research at Lilly, Clowes was at the center of one of the great discoveries that changed the course of medical history and offered new life to millions of individuals with diabetes and other metabolic disorders. Clowes was also instrumental in the development of other commercial pharmaceutical advances. Devoted to a number of philanthropic causes, Clowes and Edith contributed greatly to the cultural life of his adopted country, a contribution that continues to this day.
The Doctor Dilemma: How to Quit Being Miserable Without Quitting Medicine
by Sara DillThe Doctor Dilemma is an easy-to-read book for busy physicians who are struggling with burnout, unhappiness, and career dissatisfaction, and may even be wondering if they made a mistake becoming a doctor. Currently over 50% of physicians across all medical specialties are reporting symptoms of increasing stress and burnout. Sara Dill, MD has been there. She knows how painful it is to secretly wonder if all those years of school and training were a mistake. The Doctor Dilemma reminds doctors why they decided to go into medicine in the first place and helps them outline what their dream job looks like. This timely helper, written by a physician and certified life coach, outlines the tools and steps doctors can take to start feeling better, reverse burnout, and create the dream medical career and work-life balance they want. It’s time for doctors to become the happy and successful healers they always wanted to be.
The Doctrine of the Separate Spheres in Political Economy and Economics: Gender Equality and Classical Liberalism (Palgrave Studies in Classical Liberalism)
by Giandomenica BecchioThis book delves into the doctrine of separate spheres within the history of economic thought. The concept of separate spheres emerged in philosophy and has consistently been incorporated by various disciplines. This book stands as the first comprehensive exploration of how this doctrine was embraced, adapted, and contested by economists engaged in gender issues and marriage theory. Spanning the late eighteenth to the early twentieth century, it illuminates the evolution of the drive for gender equality—rooted primarily in the tradition of classical liberalism—across the landscape of economic ideas and theories. This book is a valuable resource for scholars and researchers interested in the intricate history of the interconnections among between economic thought, feminism, gender studies, and cultural studies.
The Dodge Brothers: The Men, the Motor Cars, and the Legacy
by Charles K. HydeAt the start of the Ford Motor Company in 1903, the Dodge Brothers supplied nearly every car part needed by the up-and-coming auto giant. After fifteen years of operating a successful automotive supplier company, much to Ford's advantage, John and Horace Dodge again changed the face of the automotive market in 1914 by introducing their own car. The Dodge Brothers automobile carried on their names even after their untimely deaths in 1920, with the company then remaining in the hands of their widows until its sale in 1925 to New York bankers and subsequent purchase in 1928 by Walter Chrysler. The Dodge nameplate has endured, but despite their achievements and their critical role in the early success of Henry Ford, John and Horace Dodge are usually overlooked in histories of the early automotive industry. Charles K. Hyde's book The Dodge Brothers: The Men, the Motor Cars, and the Legacy is the first scholarly study of the Dodge brothers and their company, chronicling their lives--from their childhood in Niles, Michigan, to their long years of learning the machinist's trade in Battle Creek, Port Huron, Detroit, and Windsor, Ontario--and examining their influence on automotive manufacturing and marketing trends in the early part of the twentieth century. Hyde details the brothers' civic contributions to Detroit, their hiring of minorities and women, and their often anonymous charitable contributions to local organizations. Hyde puts the Dodge brothers' lives and accomplishments in perspective by indicating their long-term influence, which has continued long after their deaths. The most complete and accurate resource on John and Horace Dodge available, The Dodge Brothers uses sources that have never before been examined. Its scholarly approach and personal tone make this book appealing for automotive historians as well as car enthusiasts and those interested in Detroit's early development.
The Doing Good Model: Activate Your Goodness in Business
by Shari ArisonThere is now proof that business and philanthropy form a powerful platform for positive change. Shari Arison has shown this through her leadership in over three decades of philanthropy and 15 years of running her own global business, the Arison Group. In her previous New York Times bestseller, Activate Your Goodness, Shari revealed the ways doing good enriches the lives of individuals and those around them. Now, in The Doing Good Model, Shari's vision and insights have been applied to the corporate world to illustrate how everyone benefits when companies value people and the planet alongside profit. Learning about the 13 values within The Doing Good Model will enable business owners to rethink their impact on every level, from the individual, all the way through to our collective well-being. The Doing Good Model is a guide that will enable you to infuse your business with the power of doing good. And more than that, it's a call to action for business owners, leaders, and employees in all industries across the world to become agents for change. Companies of any size can benefit from Shari's vision. Her sustainable values-based business model can easily be introduced and implemented in any organization. It's time to revitalize modern business for the good of humanity. Let The Doing Good Model open your eyes and become a catalyst for corporate transformation.
The Dojo Coach's Pocket Guide: Maximizing Immersive Learning for Agile Teams
by Jess BrockThis go-to guidebook helps agile practitioners overcome upskilling challenges in their organizations through effective Dojo coaching.Agile has changed the way we work in our organizations. But by demanding constant innovation and product delivery, individuals and teams struggle to find time to improve their skills. That's where the Dojo comes in. Dojo-style coaching encourages this kind of learn-by-doing form of skill development, one where guided breakthroughs and upskilling happen while delivering on current work. In this useful pocket guide, experienced Dojo coach Jess Brock delivers practical advice based on her extensive experience in real-world Dojos. Combining proven tactics and a comprehensive tool kit, along with actionable tips needed to drive engagement in both physical and virtual Dojo spaces, this pocket guide will equip you to maximize the impact of your Dojo.Whether you are a seasoned pro or you are just starting to develop your Dojo coaching skills, this no-nonsense book will help Dojo coaches at any stage of their journey.
The Dollar Crisis
by Richard DuncanIn this updated, second edition of the highly acclaimed international best seller, The Dollar Crisis: Causes, Consequences, Cures, Richard Duncan describes the flaws in the international monetary system that have destabilized the global economy and that may soon culminate in a deflation-induced worldwide economic slump.The Dollar Crisis is divided into five parts:Part One describes how the US trade deficits, which now exceed US$1 million a minute, have destabilized the global economy by creating a worldwide credit bubble.Part Two explains why these giant deficits cannot persist and why a US recession and a collapse in the value of the Dollar are unavoidable.Part Three analyzes the extraordinarily harmful impact that the US recession and the collapse of the Dollar will have on the rest of the world.Part Four offers original recommendations that, if implemented, would help mitigate the damage of the coming worldwide downturn and put in place the foundations for balanced and sustainable economic growth in the decades ahead.Part Five, which has been newly added to the second edition, describes the extraordinary evolution of this crisis since the first edition was completed in September 2002. It also considers how the Dollar Crisis is likely to unfold over the years immediately ahead, the likely policy response to the crisis, and why that response cannot succeed.The Dollar Standard is inherently flawed and increasingly unstable. Its collapse will be the most important economic event of the 21st Century.
The Dollar Crisis: Causes, Consequences, Cures
by Richard DuncanAnalyzes why the dollar will collapse.
The Dollar Meltdown
by Charles Goyette"America's debt is a powder keg about to blow, and the fuse was lit by the rush of bailouts and stimulus spending. " Is your money inflation-proof? It had better be. On the heels of the most recent economic crisis, America is headed toward another: high inflation and dollar devaluation. Charles Goyette reveals the governmental errors that led to the current economic crisis and the bumpy road ahead. The signs are clear: Federal debt is compounding while growth has stalled, and America's foreign creditors are questioning the dollar's reserve currency status. Meanwhile, the "hidden" federal debt, much larger than the official debt, makes things even worse. So what can you do to safeguard your assets when the dollar heads south? This book is the essential guide for protecting yourself--and even profiting--in this time of financial turbulence. In clear detail, Goyette explains the alternative investments--from gold and silver to oil and agriculture-- that will remain strong in the face of mounting inflation. The Dollar Meltdown gives you the tools to maintain the value of your savings and captilize on the coming opportunities. Don't get left holding the bag after decades of government irresponsibility. The Dollar Meltdown shows you how to take the safety of your finances into your own hands.
The Dollar Trap
by Eswar S. PrasadThe U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008-2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar's looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar's importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance--including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund--and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance.The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.
The Dollar Trap
by Eswar S. PrasadThe U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008-2009, political paralysis that has blocked effective policymaking, and emerging competitors such as the Chinese renminbi have heightened speculation about the dollar's looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar's importance. Eswar Prasad examines how the dollar came to have a central role in the world economy and demonstrates that it will remain the cornerstone of global finance for the foreseeable future. Marshaling a range of arguments and data, and drawing on the latest research, Prasad shows why it will be difficult to dislodge the dollar-centric system. With vast amounts of foreign financial capital locked up in dollar assets, including U.S. government securities, other countries now have a strong incentive to prevent a dollar crash. Prasad takes the reader through key contemporary issues in international finance--including the growing economic influence of emerging markets, the currency wars, the complexities of the China-U.S. relationship, and the role of institutions like the International Monetary Fund--and offers new ideas for fixing the flawed monetary system. Readers are also given a rare look into some of the intrigue and backdoor scheming in the corridors of international finance.The Dollar Trap offers a panoramic analysis of the fragile state of global finance and makes a compelling case that, despite all its flaws, the dollar will remain the ultimate safe-haven currency.