Could regional integration be a first step toward joining the global market? In a context where liberalizing trade has not produced the expected gains in developing countries and growth in global trade has not led to the expected economic growth, an alternative solution has emerged. This new paradigm suggests that trade liberalization should be accompanied by public investment. However, by its very nature, trade liberalization leads to a reduction in revenues from duties and taxes, which means that the available resources for public investments will also be reduced. There are now solid arguments for encouraging the less-developed countries to first emphasize regional integration before trying to access the global market. This book explores the issues linked to regional integration in West Africa and presents empirical data about the experiences in = West African Economic and Monetary Union (WAEMU) countries to converge their economies. It also examines how these efforts, which make a major contribution to regional integration, influence poverty reduction in the economic and monetary community. It will be of interest to researchers working in this area. Elias T. Ayuk is Director of the United Nations University Institute for Natural Resources in Africa in Accra, Ghana, and was formerly a senior program specialist at the International Development Research Centre. Samuel T. Kaboré is a researcher/lecturer at the Faculty of Economics and Management at the University of Ouagadougou II, Burkina Faso. Canada’s International Development Research Centre (IDRC) supports research in developing countries to promote growth and development. IDRC also encourages sharing this knowledge with policymakers, other researchers, and communities around the world. The result is innovative, lasting local solutions that aim to bring choice and change to those who need it most. Elias T. Ayuk is Director of the United Nations University Institute for Natural Resources in Africa in Accra, Ghana, and was formerly a senior program specialist at the International Development Research Centre. Samuel T. Kaboré is a researcher/lecturer at the Faculty of Economics and Management at the University of Ouagadougou II, Burkina Faso. Canada’s International Development Research Centre (IDRC) supports research in developing countries to promote growth and development. IDRC also encourages sharing this knowledge with policymakers, other researchers, and communities around the world. The result is innovative, lasting local solutions that aim to bring choice and change to those who need it most.

In Indian context.

Introducing a fresh perspective on wealth management, with proven solutions to the challenges of preserving wealth and investing well in turbulent times Family Wealth Management is coauthored by two experts in the field of private wealth - one, a former director of Bain & Company and the chairman of two of the world's largest family trusts, and the other, a CEO of a leading global family office and professor of finance from University of Toronto. The book introduces you to a unique model of wealth management that produces the desired return outcomes while being consistent with a family's overarching goals and values. The approach combines the best traditional investment and portfolio management practices with innovative new approaches designed to successfully navigate through economic climates both fair and foul. While the authors address the critical "hard" issues of asset management, they also emphasize important "soft" issues of working with families to ensure that actions are congruent with objectives, in alignment with family governance principles and designed to help sustain and grow family wealth over multiple generations. The authors provide clear guidance on how to master each component. How to establish clear family vision, values, and goals as a critical foundation to a sound wealth management strategy How to establish a practical, integrated investment framework that will ensure a consistent, disciplined approach in all environments How to set a long-term family wealth strategy and define an asset allocation model that will produce the desired results How to draft an annual investment policy statement and refine the investment tactics based on capital markets trends and changes in the family’s circumstance How to effectively monitor performance and respond to the need for change How to carefully select and manage an ecosystem of experienced, trusted financial advisors who will provide critical guidance through challenging period ahead How to successfully engage and educate the family to preserve and enhance the family’s financial wealth and human capital over the generations

This book highlights research-based case studies in order to analyze the wealth created in the world’s largest mergers and acquisitions (M&A). This book encourages cross fertilization in theory building and applied research by examining the links between M&A and wealth creation. Each chapter covers a specific case and offers a focused clinical examination of the entire lifecycle of M&A for each mega deal, exploring all aspects of the process. The success of M&A are analyzed through two main research approaches: event studies and financial performance analyses. The event studies examine the abnormal returns to the shareholders in the period surrounding the merger announcement. The financial performance studies examine the reported financial results of acquirers before and after the acquisition to see whether financial performance has improved after merger. The relation between method of payment, premium paid and stock returns are examined. The chapters also discuss synergies of the deal-cost and revenue synergies. Mergers and acquisitions represent a major force in modern financial and economic environment. Whether in times of boom or bust, M&As have emerged as a compelling strategy for growth. The biggest companies of modern day have all taken form through a series of restructuring activities like multiple mergers. Acquisitions continue to remain as the quickest route companies take to operate in new markets and to add new capabilities and resources. The cases covered in this book highlights high profile M&As and focuses on the wealth creation for shareholders of acquirer and target firms as a financial assessment of the merger’s success. The book should be useful for finance professionals, corporate planners, strategists, and managers.

Known as ‘the land of fire’, Azerbaijan’s politics are materially and ideologically shaped by energy. In the country, energy security emerges as a mix of coercion and control, requiring widespread military and law enforcement deployment. This book examines the extensive network of security professionals and the wide range of practices that have spread in Azerbaijan’s energy sector. It unpacks the interactions of state, supra‐state, and private security organizations and argues that energy security has enabled and normalized a coercive way of exercising power. This study shows that oppressive energy security practices lead to multiple forms of abuse and poor energy policies.

In a world gone mad with money The Body of Money: A Self-Help Guide to Create Sustainable Wealth through Innate Intelligence is a comprehensive guide to building and sustaining wealth by using the incredible intelligence of the human body. The story you’ve been told about money is all wrong. Spreadsheets, PNL’s, money markets, and index funds only touch the surface. The Body of Money provides a completely unique and effective approach to personal finance like nothing you’ve experienced before. By demystifying money psychology and behavior economics Certified Financial Planner® and Master Integral CoachTM Gayle Colman shows you exactly how to use your innate wisdom to heal old money patterns, tend to wounds created by generational financial trauma and create sustainable wealth that is aligned with your deepest values. Integrating cutting-edge research, laugh-out-loud storytelling and body-centered practices, Gayle puts the power of individual wealth–building squarely back in your own hands. You will learn: How body practices can have a transformative effect on your money habits. Where your personal money manager lives in your body and how to access its true wisdom. Why investing in a way that matches your personal values can actually be better for your health. How to use your body to gain true financial agency, reduce debt, invest in real estate and make the most important money decisions of your life. The Body of Money is an indispensable approach to personal finance, perfect for any person seeking relief from money struggles and all individuals and families who want to create a robust and healthy money legacy for their lives.

International economic integration is not a recent phenomenon; its roots can be traced back to the Roman Empire. This informative volume departs from the conventional short-term analysis and takes a long-term view of the process, offering perspectives that are both detailed and diverse. Author Dennis McCarthy examines seven types of organizations that exemplify international economic integration (colonial empires, merchant associations, religious empires, criminal empires, free trade areas, customs unions and common markets), and representative examples of each type are analyzed in a comparative framework. Timely and unique, this book demonstrates that international economic integration is an economic and political process that also involves political economy. With an introduction defining key terms and concepts; a retrospective summarizing the main insights, and endnotes and a detailed bibliography offering readers ways to pursue these topics further, McCarthy’s book will prove indispensable to students and general readers who wish to gain a firm understanding of international economics and the processes that shape the world today.