6 results for "Economic Development"

Three Days at Camp David How a Secret Meeting in 1971 Transformed the Global Economy

Jeffrey E. Garten
The former dean of the Yale School of Management and Undersecretary of Commerce in the Clinton administration chronicles the 1971 August meeting at Camp David, where President Nixon unilaterally ended the last vestiges of the gold standard--breaking the link between gold and the dollar--transforming the entire global monetary system. Over the course of three days--from August 13 to 15, 1971--at a secret meeting at Camp David, President Richard Nixon and his brain trust changed the course of history. Before that weekend, all national currencies were valued to the U.S. dollar, which was convertible to gold at a fixed rate. That system, established by the Bretton Woods Agreement at the end of World War II, was the foundation of the international monetary system that helped fuel the greatest expansion of middle-class prosperity the world has ever seen. In making his decision, Nixon shocked world leaders, bankers, investors, traders and everyone involved in global finance. Jeffrey E. Garten argues that many of the roots of America's dramatic retrenchment in world affairs began with that momentous event that was an admission that America could no longer afford to uphold the global monetary system. It opened the way for massive market instability and speculation that has plagued the world economy ever since, but at the same time it made possible the gigantic expansion of trade and investment across borders which created our modern era of once unimaginable progress. Based on extensive historical research and interviews with several participants at Camp David, and informed by Garten's own insights from positions in four presidential administrations and on Wall Street, Three Days at Camp David chronicles this critical turning point, analyzes its impact on the American economy and world markets, and explores its ramifications now and for the future.
Harper 2022 464 pages

Bootstrapped Liberating Ourselves from the American Dream

Alissa Quart
An unsparing, incisive, yet ultimately hopeful look at how we can shed the American obsession with self-reliance that has made us less healthy, less secure, and less fulfilled The promise that you can "pull yourself up by your bootstraps" is central to the story of the American Dream. It's the belief that if you work hard and rely on your own resources, you will eventually succeed. However, time and again we have seen how this foundational myth, with its emphasis on individual determination, brittle self-sufficiency, and personal accomplishment, does not help us. Instead, as income inequality rises around us, we are left with shame and self-blame for our condition. Acclaimed journalist Alissa Quart argues that at the heart of our suffering is a do-it-yourself ethos, the misplaced belief in our own independence and the conviction that we must rely on ourselves alone. Looking at a range of delusions and half solutions--from "grit" to the false Horatio Alger story to the rise of GoFundMe--Quart reveals how we have been steered away from robust social programs that would address the root causes of our problems. Meanwhile, the responsibility for survival has been shifted onto the backs of ordinary people, burdening generations with debt instead of providing the social safety net we so desperately need. Insightful, sharply argued, and characterized by Quart's lively writing and deep reporting, and for fans of Evicted and Nickel and Dimed, Bootstrapped is a powerful examination of what ails us at a societal level and a plan for how we can free ourselves from these self-defeating narratives.
HarperCollins Publishers 2024-04-09 288 pages

Energy Victory Winning the War on Terror by Breaking Free of Oil

Robert Zubrin
In this compelling argument for a new direction in US energy policy, world-renowned engineer and best-selling author Robert Zubrin lays out a bold plan for breaking the economic stranglehold that the OPEC oil cartel has on our country and the world. Zubrin presents persuasive evidence that our decades-long relationship with OPEC has resulted in the looting of our economy, the corruption of our political system, and now the funding and protection of terrorist regimes and movements that are committed to our destruction.Zubrin's plan is straightforward and practical. He argues that if Congress passed a law requiring that all new cars sold in the USA be flex-fueled-that is, able to run on any combination of gasoline or alcohol fuels-this one action would destroy the monopoly that the oil cartel has maintained on the globe's transportation fuel supply, opening it up to competition from alcohol fuels produced by farmers worldwide. According to Zubrin's estimates, within three years of enactment, such a regulation would put 50 million cars on the road in the USA capable of running on high-alcohol fuels, and at least an equal number overseas. He further advocates tariff policies favoring alcohol over petroleum imports.Energy Victory offers an exciting vision for a dynamic, new energy policy, which will not only go a long way toward safeguarding homeland security in the future but will also provide solutions for global warming and Third World development.
Globe Pequot Publishing 2009-03-24 357 pages

The Races of Mankind

Ruth Benedict,Gene Weltfish
2020 Reprint of the 1943 Edition. Full facsimile of the original edition and not reproduced with Optical Recognition software. Published on October 25, 1943, The Races of Mankind makes the argument that all the world's humans are biologically the same. Written by anthropologists Ruth Benedict and Gene Weltfish and illustrated by Ad Reinhardt, The Races of Mankind attacked Nazi party racial policies and urged mankind to see past superficial differences and live in harmony. The pamphlet was a publication of The Public Affairs Committee, a non-profit educational organization whose purpose was "to make available in summary and inexpensive form the results of research on economic and social problems to aid in the understanding and development of American policy" (Benedict and Weltfish, 1943). The idea of scientific racial equality, however, was not met with universal agreement. When the U.S. Army ordered 55,000 copies, members of Congress labeled the pamphlet "communistic" and its use by the Army was banned. Still, the scientific pamphlet's popularity grew, and by 1945 three-quarters of a million copies were in circulation (Abraham, 2012).
Martino Fine Books 2020-04-20 36 pages

The scientific revolution in national context

Roy Porter,Mikulas Teich
The "Scientific Revolution" of the sixteenth and seventeenth centuries continues to command attention in historical debate. What was its nature? How did it develop? Controversy still rages about the extent to which it was essentially a "revolution of the mind," or how far it must also be explained by wider considerations--social, economic, political and cultural. In this volume, leading scholars of early modern science argue the importance of specifically national contexts for understanding the transformation in natural philosophy between Copernicus and Newton. Distinct political, religious, cultural and linguistic formations shaped scientific interests and concerns differently in Italy, France, Britain, the Germanies, Spain, and so on, and explain different levels of scientific intensity. Questions of institutional development, and of the transmission of scientific ideas, are also addressed. The emphasis on national determinants makes this volume an entirely original contribution to the study of the scientific revolution.
Camb. U. P. 1992-09-25 305 pages