The Airline Business or Capital and Collusion

The Airline Business

Author: Rigas Doganis

The Airline Industry is currently faced with its longest and deepest crisis to date: many of them are losing hundred of millions of US dollars, several have collapsed entirely, whilst others have had to be rescued by their governments. This crisis has been precipitated by external shocks such as the attack on the Twin Towers in New York, the invasion of Iraq and the SARs epidemic. However, in addition to this, the effect of these events has been exacerbated by dynamic and potentially destabilising internal developments.

This book provides a comprehensive analysis of the crucial events and key developments which have shaped, and will continue to impact on the dynamics of, the airline industry. Special attention is paid to the key challenges faced by the airlines such as continued liberalisation and 'open skies', the impacts of global alliances, new low-cost and no-frills carriers, on-line selling and distribution, privatization and the impact of disasters. Rigas Doganis examines the future prospects for the industry and assesses alternative policies which could help the sector adapt to the changing market place.

Interesting book: Principles of Macroeconomics or Marketing Management for NonProfit Organizations

Capital and Collusion: The Political Logic of Global Economic Development

Author: Hilton L Root

Why does capital formation often fail to occur in developing countries? Capital and Collusion explores the political incentives that either foster growth or steal nations' growth prospects.

Hilton Root examines the frontier between risk and uncertainty, analyzing the forces driving development in both developed and undeveloped regions. In the former, he argues, institutions reduce everyday economic risks to levels low enough to make people receptive to opportunities for profit, stimulating developments in technology and science. Not so in developing countries. There, institutions that specialize in sharing risk are scarce. Money hides under mattresses and in teapots, creating a gap between a poor nation's savings and its investment. As a consequence, the developing world faces a growing disconnect between the value of its resources and the availability of finance.

What are the remedies for eliminating this disparity? Root shows us how to close the growing wealth gap among nations by building institutions that convert uncertainty into risk. Comparing China to India, Latin America to East Asia, and contemporary to historical cases, he offers lessons that can help the World Bank and the International Monetary Fund to tackle the political incentives that are the source of poor governance in developing nations.

Table of Contents:

Ch. 1	Risk, uncertainty, and social progress	3
Ch. 2	Social foundations of policy credibility	17
Ch. 3	Politics and economic structure : the economic logic of autocracy	35
Ch. 4	An amazing economy of information : the financial system	48
Ch. 5	Closing the social productivity gap in East Asia	59
Ch. 6	The price of exclusion : Latin America's explosive debt	89
Ch. 7	Why not India? : new century, new country	114
Ch. 8	Pakistan on the edge	157
Ch. 9	China's capitalist dream : between hierarchy and market	187
Ch. 10	Mobilizing the state as public risk manager	221
	Conclusion : uncertainty, competition, and collusion in early capital accumulation	246