Dipak R. Basu – författare

A response to the ongoing global discourse against planning and the Soviet system, Planned Economies: Their Lessons for Developing Countries focuses on the experiences that the Soviet Union and several other economies had with planning and the lessons therein. In the first part of the book, Basu and Miroshnik discuss national economic planning aimed at maximizing the welfare of the people, as it was in the Soviet Union. In the second part, they focus on the management issues of the Soviet Union and several other planned economies to explore how organizations should be managed to maximize efficiency and effectiveness for public welfare. The third part elaborates upon the experiences of countries such as Hungary, Yugoslavia, China, and India, specifically, how they developed and the crises they underwent. As income inequality creates social tensions, potentially leading to war and conflict, the main objective of a planned economy is the equal distribution of income. Combining macroeconomic welfare maximization and microeconomic efficiency maximization approaches, Basu and Miroshnik analyse the underlying philosophical dimension of these problems, as well as their practical applications, to provide insights relevant to the future of developing countries.

The book looks at the corporate management system and how it affects company performance. The main theme revolves around the notion that when a company values its workers and their satisfaction, that company can achieve success. The book is unique in its quantitative perspective and analysis and examines whether a corporate management system can be regarded as a source of a firm's competitive advantage by creating a sustainable competitive advantage and firm performance. The book examines how, in the context of Japanese multinational corporations (MNCs), corporate management can be part of an MNC's strategy in enhancing its capabilities, both in the home and abroad, in Japan and in Thailand. Also, it analyses the reason for the demise of two major Indian companies, Dunlop and Hindustan Motors in terms of their unsympathetic management systems.

Drawing on numerous Japanese and non-Japanese primary and secondary sources, this highly informative book analyzes all aspects (both domestic and international) of foreign direct investment made by Japan's multinational corporations in Asia, the European Union, and the U.S. It covers the critical period from 1970 -- the point at which Japan's economy reached a level of global importance -- through 1998 -- the nadir of Japan's economic woes. The book offers numerous perspectives to explain the changing characteristics of Japan's FDI practices over the period. The text is well supported by some 50 figures and data tables compiled from both Japanese government ministries and multinational corporations.

The book looks at the corporate management system and how it affects company performance. The main theme revolves around the notion that when a company values its workers and their satisfaction, that company can achieve success. The book is unique in its quantitative perspective and analysis and examines whether a corporate management system can be regarded as a source of a firm's competitive advantage by creating a sustainable competitive advantage and firm performance. The book examines how, in the context of Japanese multinational corporations (MNCs), corporate management can be part of an MNC's strategy in enhancing its capabilities, both in the home and abroad, in Japan and in Thailand. Also, it analyses the reason for the demise of two major Indian companies, Dunlop and Hindustan Motors in terms of their unsympathetic management systems.

The importance of this book lies in its unique treatment of the economics of the developing countries. Emphasis is placed on the theoretical foundation of new theories and empirical models of development. A number of new topics are added in regard to the migration of labor force due to globalization, the relationship between private and public sectors, problems of regulations of the private sectors, problems of labor management in the era of globalization and transfer of organizational systems by the multinational companies from one country to another across cultural boundaries. Along with these new treatments of traditional topics such as population planning and monetary-fiscal policy, gender issues are included as well. The approach throughout is analytical, based on either theoretical or empirical models of the economy.

Model Building is the most fruitful area of economics, designed to solve real-world problems using all available methods such as mathematical, computational and analytical, without distinction. Wherever necessary, we should not be reluctant to develop new techniques, whether mathematical or computational. That is the philosophy of this volume.The volume is divided into three distinct parts: Methods, Theory and Applications. The Methods section is in turn subdivided into Mathematical Programming and Econometrics and Adaptive Control System, which are widely used in econometric analysis. The impacts of fiscal policy in a regime with independent monetary authority and dynamic models of environmental taxation are considered.In the section on “Modelling Business Organization”, a model of a Japanese organization is presented. Furthermore, a model suitable for an efficient budget management of a health service unit by applying goal programming method is analyzed, taking into account various socio-economic factors. This is followed by a section on “Modelling National Economies”, in which macroeconometric models for the EU member countries are analyzed, to find instruments that stabilize inflation with coordinated action.