International accounting standards tend to converge, as do auditing, enforcement and corporate governance, whereas trading of equity shares remains essentially national. The book provides a thorough analysis of what information investors really need, how financial accounting systems developed and their current requirements in major commercial countries, and examines current issues, particularly the benefits and costs a single or multiple accounting standards, the bases for accounting standards, and limitations to accounting disclosure in financial statements.

Worldwide Financial Reporting: The Development and Future of Accounting Standards

Business & Money

Litan, Robert E.

Benston, George J.

Bromwich, Michael

Wagenhofer, Alfred

Economics

Oxford University Press

In this important book, three prominent economists propose that there are different varieties of capitalism in the world today--some good for economic growth, others decidedly bad. Writing in an accessible style, William J. Baumol, Robert E. Litan, and Carl J. Schramm documentfour different varieties of capitalism and identify the conditions that characterize Good Capitalism—the right blend of entrepreneurial and established firms, which can vary among countries—as well as the features of Bad Capitalism. They examine how countries catching up to the United States can move faster toward the economic frontier, while laying out the need for the United States itself to stick to and reinforce the recipe for growth that has enabled it to be the leading economic force in the world. This pathbreaking book is a must read for anyone who cares about global growth and how to ensure America’s economic future.

Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity

Baumol, William J.

Schramm, Prof. Carl J.

Yale University Press

As trade flows expanded and trade agreements proliferated after World War II, governmentsmost notably the United Statescame increasingly to use their power over imports and exports to influence the behavior of other countries. But trade is not the only way in which nations interact economically. Over the past two decades, another form of economic exchange has risen to a level of vastly greater significance and political concern: the purchase and sale of financial assets across borders. Nearly $2 trillion worth of currency now moves cross-border every day, roughly 90 percent of which is accounted for by financial flows unrelated to trade in goods and servicesa stunning inversion of the figures in 1970. The time is ripe to ask fundamental questions about what Benn Steil and Robert Litan have coined as financial statecraft,” or those aspects of economic statecraft directed at influencing international capital flows. How precisely has the American government practiced financial statecraft? How effective have these efforts been? And how can they be made more effective? The authors provide penetrating and incisive answers in this timely and stimulating book.

Financial Statecraft: The Role of Financial Markets in American Foreign Policy

Steil, Benn

International

As trade flows expanded and trade agreements proliferated after World War II, governments―most notably the United States―came increasingly to use their power over imports and exports to influence the behavior of other countries. But trade is not the only way in which nations interact economically. Over the past two decades, another form of economic exchange has risen to a level of vastly greater significance and political concern: the purchase and sale of financial assets across borders. Nearly $2 trillion worth of currency now moves cross-border every day, roughly 90 percent of which is accounted for by financial flows unrelated to trade in goods and services―a stunning inversion of the figures in 1970. The time is ripe to ask fundamental questions about what Benn Steil and Robert Litan have coined as “financial statecraft,” or those aspects of economic statecraft directed at influencing international capital flows. How precisely has the American government practiced financial statecraft? How effective have these efforts been? And how can they be made more effective? The authors provide penetrating and incisive answers in this timely and stimulating book.

Financial Statecraft: The Role of Financial Markets in American Foreign Policy (Council on Foreign Relations/Brookings Institution Books)

From two of the nation's leading economic thinkers, a concrete action plan to reignite the power of the U.S. economic system In the wake of the Great Recession and America's listless recovery from it, economists, policymakers, and media pundits have argued at length about what has gone wrong with the American capitalist system. Even so, few constructive remedies have emerged. This welcome book cuts through the chatter and offers a detailed, nonideological, and practical blueprint to restore the vigor of the American economy.
Better Capitalism extends and significantly expands on the insights of the authors' widely praised previous book, Good Capitalism, Bad Capitalism, co-written with William Baumol. In Better Capitalism, Robert E. Litan and Carl J. Schramm focus on the huge—but often unrecognized—importance of entrepreneurship to overall economic growth. They explain how changes in seemingly unrelated policy arenas—immigration, education, finance, and federal support of university research—can accelerate America's recovery from recession and spur the nation's rate of growth in output while raising living standards. The authors also outline an innovative energy strategy and discuss the potential benefits of government belt-tightening steps. Sounding an optimistic note when gloomy predictions are the norm, Litan and Schramm show that, with wise and informed policymaking, the American entrepreneurial engine can rally and the true potential of the U.S. economy can be unlocked.

Better Capitalism: Renewing the Entrepreneurial Strength of the American Economy

Schramm, Carl J.

Three prominent economists focus new attention on the essential role of entrepreneurship in capitalism In this important book, three prominent economists propose that there are different varieties of capitalism in the world today--some good for economic growth, others decidedly bad. Writing in an accessible style, William J. Baumol, Robert E. Litan, and Carl J. Schramm documentfour different varieties of capitalism and identify the conditions that characterize Good Capitalism—the right blend of entrepreneurial and established firms, which can vary among countries—as well as the features of Bad Capitalism. They examine how countries catching up to the United States can move faster toward the economic frontier, while laying out the need for the United States itself to stick to and reinforce the recipe for growth that has enabled it to be the leading economic force in the world. This pathbreaking book is a must read for anyone who cares about global growth and how to ensure America’s economic future.

In just a few years, the Internet has had a visible impact on the daily lives of many Americans. But the recent demise of many of the "dot coms" that symbolized the Internet revolution has raised warning flags about its future. Until now, discussion of the impact of the Internet on the economy has been mostly speculation. In Beyond the Dot.coms, two of the nation's most respected economists articulate the anticipated economic impact of the Internet over the next five years. Drawing from detailed research conducted by the Brookings Task Force on the Internet and the Berkeley Roundtable on the International Economy (BRIE) Internet Task Force (see page 10), Robert Litan and Alice Rivlin address the Internet's potential impacts on productivity, prices, and market structure. The research suggests that the most significant economic impact of the Internet will be its potential to increase productivity growth in the existing economy —with cheaper transactions, greater management efficiency, increased competition and broadened markets, more effective marketing and pricing, and increased consumer choice, convenience, and satisfaction. The greatest impact may not be felt in e-commerce, but rather in a wide range of "old economy" arenas, including health care and government.

Beyond the Dot.Coms: The Economic Promise of the Internet

Rivlin, Alice M.

Alice M. Rivlin

Brookings Institution Press

Founded in 1948 amid bloodshed and the near devastation of the Jewish people after the Holocaust, modern Israel is something of a miracle. In a little more than fifty years of existence, the country has evolved into a significant economic and military power, both feared and resented by its Arab neighbors in the volatile Middle East. In Sticking Together, an Israeli and an American examine the major challenges confronting Israel within its own borders. These challenges —well known to Israelis but relatively little known elsewhere —have emerged in part out of the country's experience with large-scale immigration. Like the United States, Canada, and Australia, Israel has tried to melt different peoples into a cohesive nation. While its citizens have forged common bonds under circumstances of adversity — particularly constant threats from Palestinians and from neighboring Arab countries — the fabric of Israeli society is torn by four major schisms: between immigrants and native Israeli; between Jews and Arabs; between secular and religious Jews; and between Jews of different cultural and national backgrounds (such as Ashkenzim and Sephardim). Gradually, and often with great difficulty, Israelis have learned to accommodate and respect the deep differences among its population. To borrow a culinary analogy, Israeli society, much like American society, has become more "salad bowl" than "melting pot." Sticking Together examines the many challenges confronting Israel's experience with pluralism, and in the process, draws lessons that might prove useful to other societies that struggle to accommodate the needs of highly diverse populations.

Sticking Together: The Israeli Experiment in Pluralism

Kop, Yaakov

No sooner had Americans digested the horror of September 11 than voices on both sides of the debate began making the connection to globalization. This volume examines how the United States can sustain its strong national interest in promoting gobalization while responding effectively to the causes and consequences of terrorism. It examines the issue within the spectrum of two extreme possibilities: that globalization could march on unimpeded or that its pace could be slowed or evern reversed.

Globalization What Now

Brainard, Lael

Brookings Inst Pr

For nearly two decades the U.S. economy has been plagued by two disturbing economic trends: the slowdown in the growth rates of productivity and average real wages and the increase in wage and income inequality. The federal budget is in chronic deficit. Imports have far exceeded exports for more than a decade. American competitiveness has been a source of concern for even longer. Many Americans worry that foreigners are buying up U.S. companies, that the economy is losing its manufacturing base, and that the gap between rich and poor is widening. In this book three of the nation's most noted economists look at the primary reasons for these trends and assess which of the many suggestions for change in policy—whether for increased tax incentives for investment, education reform, or accelerated research and development—are likely to work and which may not work and could even hinder economic development. The author's discuss a variety of issues connected with deindustrialization and diminished competitiveness, distinguishing between problems that would be of real concern and those that should not. They evaluate explanations for slow growth in aggregate productivity in the United States and its relation to slower growth in other industrialized countries. They discuss the performance of the various sectors of the U.S. economy and systematically examine the evidence for and against the major proposals for correcting the adverse trends in productivity and inequity. Growth With Equity clearly explains how the country can accomplish the challenge of accelerating growth and narrowing the gap that separates the rich from the poor. While recognizing that some of their recommendations may be politically painful, the authors stress the importance of adopting a purposeful, long-range policy to encourage growth, ensure equity, and reduce the government's equity.

Growth with Equity: Economic Policymaking for the Next Century

Baily, Martin Neil

Burtless, Gary

See the best price to sell, buy, or rent books by Litan, Robert E.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Books by Litan, Robert E.

See the best price to sell, buy, or rent books by Litan, Robert E.. BookScouter helps to compare book prices from 25+ online bookstores and 30+ buyback vendors with a single search.

Worldwide Financial Reporting: The Development and Future of Accounting Standards

Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity

Financial Statecraft: The Role of Financial Markets in American Foreign Policy

Financial Statecraft: The Role of Financial Markets in American Foreign Policy (Council on Foreign Relations/Brookings Institution Books)

Better Capitalism: Renewing the Entrepreneurial Strength of the American Economy

Good Capitalism, Bad Capitalism, and the Economics of Growth and Prosperity

Beyond the Dot.Coms: The Economic Promise of the Internet

Sticking Together: The Israeli Experiment in Pluralism

Globalization What Now

Growth with Equity: Economic Policymaking for the Next Century