DIAGNOSTICS FOR A GLOBALIZED WORLD

How do you gauge the accomplishments of policy and its failures? While a number of nations are successful in optimizing a socio-economic welfare function, others are woefully falling short of the optimal frontier. Diagnostics for a Globalized World proposes a reformulation of the inherited theory of economic and social policy (codified in the 1950s by Jan Tinbergen) to find a diagnostic tool in measuring the effectiveness of economic and social policy. Using a logarithmic adaptation of data envelopment analysis, the authors explain how to rank the attainment of nations of multidimensional goals such as those expressed by the UN Millennium Development Goals (MDGs) and upcoming Sustainable Development Goals (SDGs).

Contents:

• Foreword (Dr David V Gibson)
• Preface
• Introduction
• The Economic and Social Policy of Nations: Achievements & Failures:
  • Overview
  • The Theory of Economic and Social Policy Reconsidered
  • Rating Country Performance by Frontier Analysis
  • The Beginnings
  • Decent Work
  • A Fair Globalization
  • Nested Decision Trees
  • Competitiveness
  • Disequilibrium and Chaos
  • Appendices
• A Geneva Consensus (Ruzanna Tarverdyan):
  • Overview
  • Beyond GDP
  • Beyond the Washington Consensus
  • Toward a Sustainable Globalization
• Remembering Times Past and Honoring Four Great Scholars (Sten Thore):
  • Overview
  • Jan Tinbergen
  • Abe Charnes
  • W W Cooper
  • Ilya Prigogine
• References
• Index

Readership: Postgraduate students taking courses in International Trade and International Relations; students of Operations Research illustrating the use of the quantitative technique called data envelopment analysis (DEA) to gauge the economic performance of nations; national and international policy makers in charge of evaluation of effectiveness and efficiency of policy interventions.
Key Features:

• Presents a metric for the social and economic performance of nations that international organizations such as the ILO, the World Bank, UN, WTO, UNCTAD, OECD, EC, UNECE, and the World Economic Forum are currently scrambling to develop
• Expands on earlier work published jointly with W W Cooper, ranking 102 nations on all continents in terms of their achievements of “Decent Work” and “A Fair Globalization”. The present study also includes a study of the “competitiveness” of nations, comparing the work by the US Council for Competitiveness and the World Economic Forum
• Includes the last published work by the late W W Cooper, the co-founder of data envelopment analysis, actually extending his own pioneering work of 1978. Published on the occasion of Cooper's centenary in 2014, and sponsored by Cooper's long-term academic home — the IC² Institute (Innovation, Creativity and Capital), The University of Texas at Austin