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Myungji Yang's From Miracle to Mirage is a critical account of the trajectory of state-sponsored middle-class formation in Korea in the second half of the twentieth century. Yang's book offers a compelling story of the reality behind the myth of middle-class formation. Capturing the emergence, reproduction, and fragmentation of the Korean middle class, From Miracle to Mirage traces the historical process through which the seemingly successful state project of building a middle-class society resulted in a mirage.Yang argues that profitable speculation in skyrocketing prices for Seoul real estate led to mobility and material comforts for the new middle class. She also shows that the fragility inherent in such developments was embedded in the very formation of that socioeconomic group.Taking exception to conventional views, Yang emphasizes the role of the state in producing patterns of class structure and social inequality. She demonstrates the speculative and exclusionary ways in which the middle class was formed. Domestic politics and state policies, she argues, have shaped the lived experiences and identities of the Korean middle class.From Miracle to Mirage gives us a new interpretation of the reality behind the myth. Yang's analysis provides evidence of how in cultural and objective terms the country's rapid, compressed program of economic development created a deeply distorted distribution of wealth.

Social status --- Middle class --- Bourgeoisie --- Commons (Social order) --- Middle classes --- Social classes --- Social standing --- Socio-economic status --- Socioeconomic status --- Standing, Social --- Status, Social --- Power (Social sciences) --- Prestige --- Social conditions --- Korea (South) --- Social conditions. --- South Korea, middle class, globalization, economic development.

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Rising income inequality has emerged as a major policy issue facing policymakers, but there is a dearth of empirical work on inequality in small states, including the Caribbean. Despite data limitations, the empirical analysis using a sample of small states finds that increased openness and deeper economic integration including financial market openness is associated with lower income inequality, whereas elevated debt levels limit fiscal space and are associated with higher income inequality. An important policy implication is that well targeted social sector spending aimed at improving education and health indicators will support increased redistribution and reduce income inequality.

South Africa --- Income distribution. --- South Africa. --- Exports and Imports. --- Macroeconomics. --- Public Finance. --- Economic Development: General. --- Globalization: Economic Development. --- Health, Education, and Welfare: General. --- Aggregate Factor Income Distribution. --- Debt. --- Debt Management. --- Sovereign Debt. --- International Investment. --- Long-term Capital Movements. --- Public finance & taxation. --- Finance. --- Income inequality. --- Public debt. --- Income. --- Foreign direct investment. --- Debts, Public. --- Investments, Foreign. --- Aggregate Factor Income Distribution --- Debt Management --- Debt --- Debts, Public --- Economic Development: General --- Exports and Imports --- Finance --- Foreign direct investment --- Globalization: Economic Development --- Health, Education, and Welfare: General --- Income distribution --- Income inequality --- Income --- International Investment --- Investments, Foreign --- Long-term Capital Movements --- Macroeconomics --- Public debt --- Public finance & taxation --- Public Finance --- Sovereign Debt

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Fintech has become one of the most popular topics among policymakers and experts. It usually comes with the qualifier “disruptive”. Thus, the hype is easy to understand: fintech would upend the financial system due to its disruptive nature, as it would allow financial services to be completed faster, cheaper, and more efficiently. Indeed, many have predicted that the remittances market was on the verge of being disrupted as remittances are considered too costly while remittance service providers inefficient, opaque, and outdated. Therefore, there seems to be no better setting for assessing the allegedly disruptive effects of fintech. Against that background, this paper investigates how those predictions have fared so far. Contrary to expectations, it found that instead of disrupting incumbents fintechs have increasingly been entangled with them. Therefore, not only there is no evidence of disruption, but it is unlikely to occur in the foreseeable future. Even so, the paper argues that fintechs play an important role in the remittances market.

Macroeconomics --- Economics: General --- Remittances --- Globalization: Economic Development --- General Financial Markets: Government Policy and Regulation --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Financial Institutions and Services: Government Policy and Regulation --- Technological Change: Choices and Consequences --- Diffusion Processes --- Economic & financial crises & disasters --- Economics of specific sectors --- Currency crises --- Informal sector --- Economics

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Small Developing States (SDS) face substantial challenges in achieving sustainable development. Many of these challenges relate to the small size and limited diversification of their economies. SDS are also among the most vulnerable countries to the impact of climate change and natural disasters. Meeting SDS sustainable development goals goes hand-in-hand with building their climate resilience. But the additional costs to meet development and resilience objectives are substantial and difficult to finance. This work adapts the IMF SDG Costing methodology to capture the unique characteristics and challenges of climate-vulnerable SDS. It also zooms into financing options, estimating domestic tax potential and discussing the possibility of accessing ‘climate funds.’.

Infrastructure --- Macroeconomics --- Environmental Economics --- Globalization: Economic Development --- Education and Economic Development --- Economic Development: Urban, Rural, Regional, and Transportation Analysis --- Housing --- Fiscal and Monetary Policy in Development --- Health: General --- Investment --- Capital --- Intangible Capital --- Capacity --- Aggregate Factor Income Distribution --- Education: General --- Climate --- Natural Disasters and Their Management --- Global Warming --- Health economics --- Education --- Climate change --- Health --- Income --- National accounts --- Environment --- Saving and investment --- Climatic changes --- Seychelles --- Infrastructure. --- Macroeconomics. --- Environmental Economics. --- Globalization: Economic Development. --- Education and Economic Development. --- Economic Development: Urban, Rural, Regional, and Transportation Analysis. --- Housing. --- Fiscal and Monetary Policy in Development. --- Health: General. --- Investment. --- Capital. --- Intangible Capital. --- Capacity. --- Aggregate Factor Income Distribution. --- Education: General. --- Climate. --- Natural Disasters and Their Management. --- Global Warming. --- Health economics. --- Education. --- Climate change. --- Health. --- Income. --- National accounts. --- Environment. --- Saving and investment. --- Climatic changes. --- Social aspects. --- Seychelles.

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In light of increased vertical specialization and the dominance of trade in intermediates rather than final goods, this paper seeks to raise awareness of the limitations of traditional trade measures on a gross output basis. To do so, this paper uses the WIOD, a world input output table, as an alternative trade measure to analyze the role of six newly industrialized economies in global value chains. The differences between measures on a gross output basis and value added basis are striking. Export shares measured by both methods differed by more than 20 percent for some industries. These findings highlight the need for more sophisticated world input output data to form a better understanding of global trade dynamics and country interdependencies.

Economic value added. --- Input-output analysis. --- Export marketing. --- International marketing --- Overseas marketing --- Marketing --- Interindustry economics --- Economics, Mathematical --- National income --- Input-output tables --- EVA (Economic value added) --- Business enterprises --- Value added --- Accounting --- Valuation --- Economic value added --- Input-output analysis --- Export marketing --- E-books --- Exports and Imports --- Macroeconomics --- Globalization --- Empirical Studies of Trade --- Economic Integration --- Globalization: Economic Development --- Trade: General --- Globalization: General --- Macroeconomics: Consumption --- Saving --- Wealth --- International economics --- Exports --- Global value chains --- Consumption --- Imports --- International trade --- National accounts --- Economics --- China, People's Republic of