Nikolaos Karagiannis

This book examines the economic challenges facing the United States, the United Kingdom, and the European Monetary Union and discusses the macroeconomic policies pursued by their authorities in detail. It highlights a range of unsuccessful monetary and fiscal policies to establish financial stability and reduce inflation. By assessing the current threats to economic growth and stability, alternative ways in which governments and central banks can create coordinated responses and deliver better economic and social outcomes are outlined. The implications of Artificial Intelligence and cryptocurrencies are also discussed. This book offers a practical framework for realistic modern economic policy that produces economic and environmental sustainability. It will be relevant to students, academics, researchers, and policymakers interested in the political economy, international economics, and economic policy.

This book provides a fresh perspective on international development. By integrating ethical concepts and moral philosophy with political economy, Nikos Astroulakis and Nikolaos Karagiannis explore three levels of ethical analysis: meta-ethical, normative ethical, and applied ethical. This approach underscores the importance of ethics in shaping development goals and strategies tailored to an individual society. The book uses a framework rooted in heterodox political economy to redefine what it means to be a “good society.” It challenges conventional economic models and proposes development ethics as a compelling alternative. Readers will discover new ways to understand the purpose of development and innovative methods to evaluate its success. Development Ethics explains how ethical principles can transform development policies, making it an essential read for those committed to building a more just and equitable world.

The authors of this book argue that in order to meet the challenges of globalisation and promote their own economic welfare, governments need strong policy instruments that will enable them to take up a strategic role in selected policy arenas. They illustrate how this retooling of policymaking requires a rethinking of the form of government intervention and, especially, an emphasis on its modern developmental role. The book begins with chapters exploring theoretical issues such as: economic and political aspects of the state, the impact of government expenditure, the case for and against free trade, and neoclassical and Keynesian approaches to public finance. Succeeding chapters examine fiscal policy, development problems in the European Community, and the success of Japan, South Korea, Taiwan, Singapore and Hong Kong. The final chapters present the Developmental State argument not only as a coherent theory but more importantly as a realistic development policy framework. This will be an important reference text for students and scholars of public sector economics, public finance, East Asian studies, development studies and governance. Policymakers will also find the in-depth discussions a valuable tool.