Monetarism is a school of thought in monetary economics that emphasizes the role of policy-makers in controlling the amount of money in circulation. It gained prominence in the 1970s, but was mostly abandoned as a practical guidance to monetary policy during the following decade because the strategy was found to not work very well in practice. Instead, inflation targeting through movements of the official interest rate became the dominant monetary policy strategy.
Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP).
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether through public or private channels.
A Provincial Reconstruction Team (PRT) was a unit introduced by the United States government, consisting of military officers, diplomats, and reconstruction subject matter experts, working to support reconstruction efforts in unstable states. PRTs were first established in Afghanistan in early 2002, and were used in Iraq as well. While the concepts are similar, PRTs in Afghanistan and Iraq had separate compositions and missions. Their common purpose, however, was to empower local governments to govern their constituents more effectively.
John Harold Williamson was a British-born economist who coined the term Washington Consensus. He served as a senior fellow at the Peterson Institute for International Economics from 1981 until his retirement in 2012. During that time, he was the project director for the United Nations High-Level Panel on Financing for Development in 2001. He was also on leave as chief economist for South Asia at the World Bank during 1996–99, adviser to the International Monetary Fund from 1972 to 1974, and an economic consultant to the UK Treasury from 1968 to 1970. He was also an economics professor at Pontifícia Universidade Católica do Rio de Janeiro (1978–81), University of Warwick (1970–77), Massachusetts Institute of Technology, University of York (1963–68) and Princeton University (1962–63).
William Jack Baumol was an American economist. He was a professor of economics at New York University, Academic Director of the Berkley Center for Entrepreneurship and Innovation, and Professor Emeritus at Princeton University. He was a prolific author of more than eighty books and several hundred journal articles. He is the namesake of the Baumol effect.
A transition economy or transitional economy is an economy which is changing from a centrally planned economy to a market economy. Transition economies undergo a set of structural transformations intended to develop market-based institutions. These include economic liberalization, where prices are set by market forces rather than by a central planning organization. In addition to this trade barriers are removed, there is a push to privatize state-owned enterprises and resources, state and collectively run enterprises are restructured as businesses, and a financial sector is created to facilitate macroeconomic stabilization and the movement of private capital. The process has been applied in China, the former Soviet Union and Eastern bloc countries of Europe and some Third world countries, and detailed work has been undertaken on its economic and social effects.
Counterinsurgency is "the totality of actions aimed at defeating irregular forces". The Oxford English Dictionary defines counterinsurgency as any "military or political action taken against the activities of guerrillas or revolutionaries" and can be considered war by a state against a non-state adversary. Insurgency and counterinsurgency campaigns have been waged since ancient history. However, modern thinking on counterinsurgency was developed during decolonization.
In economics, an optimum currency area (OCA) or optimal currency region (OCR) is a geographical region in which it would maximize economic efficiency to have the entire region share a single currency.
State-building as a specific term in social sciences and humanities, refers to political and historical processes of creation, institutional consolidation, stabilization and sustainable development of states, from the earliest emergence of statehood up to the modern times. Within historical and political sciences, there are several theoretical approaches to complex questions related to the role of various contributing factors in state-building processes.
Gottfried von Haberler was an Austrian-American economist. He worked in particular on international trade. One of his major contributions was reformulating the Ricardian idea of comparative advantage in a neoclassical framework, abandoning the labor theory of value for an opportunity cost concept.
Steven Kent Metz is an American author and professor of national security and strategy at the U.S. Army War College specializing in insurgency and counterinsurgency, American defense policy, strategic theory, the African security environment, and future warfare.
Foreign internal defense (FID) is a term used by the military in several countries, including the United States, France, and the United Kingdom, to describe an integrated, or multi-country approach to combating actual or threatened insurgency in a foreign state. This foreign state is known as the Host Nation (HN) under the US doctrine. The term counter-insurgency is commonly used for FID.
The Beijing Consensus or China Model, also known as the Chinese Economic Model, is the political and economic policies of the People's Republic of China (PRC) that began to be instituted by Deng Xiaoping after Mao Zedong's death in 1976. The policies are thought to have contributed to China's "economic miracle" and eightfold growth in gross national product over two decades. In 2004, the phrase "Beijing Consensus" was coined by Joshua Cooper Ramo to frame China's economic development model as an alternative—especially for developing countries—to the Washington Consensus of market-friendly policies promoted by the IMF, World Bank, and U.S. Treasury. In 2016, Ramo explained that the Beijing Consensus shows not that "every nation will follow China’s development model, but that it legitimizes the notion of particularity as opposed to the universality of a Washington model".
The Ewing Marion Kauffman Foundation is a registered 501(c)(3) nonprofit, private foundation based in Kansas City, Missouri. It was founded in 1966 by Ewing Marion Kauffman, who had previously founded the drug company Marion Laboratories. The Kauffman Foundation works with communities to build and support programs that boost entrepreneurship, improve education, and contribute to the vibrancy of Kansas City.
Carl J. Schramm is an American economist, entrepreneur, author, former President of the Ewing Marion Kauffman Foundation, and University Professor at Syracuse University. He is the author of the book Burn the Business Plan: What Great Entrepreneurs Really Do, published by Simon & Schuster. The Economist named Schramm the "evangelist of entrepreneurship".
Train Advise Assist Command – East was a multinational military formation, part of NATO's Resolute Support Mission within Afghanistan. Until 2014 it was designated Regional Command East, part of the International Security Assistance Force (ISAF). The United States Army provided the force headquarters. The command headquarters was located in Laghman Province.
Fatmir Besimi is a Macedonian politician and economist of Albanian ethnicity. He currently served for Minister of Finance in North Macedonia, He also served twice as Minister of Economy then Minister of Defence and after that he was Deputy Prime Minister of the Government of the Republic of Macedonia in charge of European Affairs. In 2010 he was selected as one of the top European Ministers in the group of Young Global Leaders by World Economic Forum.
Amara M. Konneh is a Liberian national who serves as a senior advisor for Africa for the World Bank. In this role, he advises the World Bank on regional economic integration to create economic hubs for value chains and helps build strategic partnerships with Africa's regional economic commissions. Prior to that, he served as lead advisor for the Bank's engagements in countries affected by fragility, conflict, violence, and forced displacement with emphasis on Ethiopia, Eritrea, Kenya, and Nigeria.
Expeditionary energy economics (e3) is an emerging field of energy economics that addresses energy management in the military expeditionary environment or as part of the disaster response stage of the emergency management cycle. The term was first introduced in 2018 in an article by U.S. Army Major Ion A. Iftimie, a research fellow within the Strategic Analysis Department of the NATO Energy Security Center of excellence in Vilnius, Lithuania. Major Iftimie proposed that the successful megacity counterinsurgency (COIN) campaigns of the twenty-first century will depend on fast solutions to critical energy infrastructure (CEI) vulnerabilities within individual communities. The practice of energy management in the military expeditionary environment (EMMEE) is not new. The US Marine Corps has an Expeditionary Energy Office, and NATO uses the new field to test the applicability and value of a draft military adaptation of ISO 50001:2011.
