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Foreign Exchange Constraint and Developing Economies
Book edited by Aleksandr V. Gevorkyan
Foreign Exchange Constraint and Developing Economies addresses the complex nature of foreign exchange constraint for macroeconomic and social development. The book collects expertise and perspectives from a diverse set of contributions. Using a combination of innovative theoretical and empirical approaches, the book suggests several analytical frameworks to help advance academic research and policy work on foreign exchange and sustainable development.
Diaspora Networks? (In Sven Horak (Ed.), Informal Networks in International Business, Emerald Publishing, Bingley, UK. pp. 55-73.) Published August 5, 2022.
Chapter by Aleksandr V. Gevorkyan
This chapter contributes to the study of social capital in international business from a perspective of diaspora networks. Previously secure within the domains of academic fields of history and sociology, diaspora is now an essential concept across business disciplines influencing economic development policy. Diaspora networks are argued to be the first movers carrying a promise of robust entrepreneurial activity, potentially transferring unique skills and knowledge by way of formal and informal engagements with their ancestral lands. Stitching global value chains into the development structures of weaker economies, diaspora networks are hypothesized to be strengthening homeland’s competitive advantage and macroeconomic resilience. With much enthusiasm for the strong potential of diaspora networks, this study calls for a realistic caution and against mechanistic interpretation of the phenomenon. Three key elements formulate a diaspora network operational sustainability requiring deeper reflection in the business literature: identity, trust, and engagement infrastructure. Such triangularity of diaspora networks is in parallel with the three dimensions of social capital: bonds, bridges, and linkages. Connecting with the literature and informed by a unique survey this contribution also sketches an analytical framework for future research and meaningful policy approach.
A Georgist perspective for addressing San Francisco’s budget shortfalls.
To Plug Budget Hole, San Francisco Should Look to the Past
By Dr. Ibrahima Dramé and Alan Tonelson
INTRODUCTION
Although its economy and therefore budget situation have brightened faster than expected since the worst of the Covid 19 pandemic, and the new American Rescue Act will actually wipe out most of its short-term deficit, like most American states and cities, San Francisco’s fiscal challenges are far from over. Indeed, without major policy changes, the city can expect a future dominated by bad financial choices for controlling its chronic budget shortfalls: broad-brush growth-killing tax hikes, deep services cuts, or some combination of both. Just as important, the resulting vise will do little more than keep San Francisco running in place. Most hopes for addressing pressing unmet needs will be squeezed out…
More from our Board of Trustees
Alan Tonelson
Aleksandr V. Gevorkyan
Edward J. Nell
James Cusick
Marty Rowland
Willi Semmler
- A Proposal for a Carbon Wealth Tax: Modelling, Empirics, and Policy
- Earlier versions of this paper has been presented at the Henry George School of Social Science, June 2022 and the 26th Forum for Macroeconomics and Macroeconomic Policies (FFM) Conference, Berlin, Germany, in October 2022.
Tom Rossman
More from our Board of Advisors
Edward Harrison
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