The book examines the rapid growth and dramatic changes in capital flows globally and to emerging markets. In the context of relevant economic theory, it analyses benefits and costs of large and volatile capital flows to developing countries; the latter includes damaging currency crises as the Mexican and East Asian economies. The book makes innovative proposals on how best national governments - and especially - international organisations can avoid such crises.

Regionalism and World Order assesses the origins, significance and likely evolution of the trend towards regionalism within the world order. It analyses how states have been responding to the end of US hegemony and assesses the extent to which new regional blocs are emerging and their nature. These questions are analysed through detailed case studies of the three most advanced regions of the world economy - the Americas, the European Union, and East Asia - firstly from the standpoint of the 'core' state or states, and secondly from that of the 'peripheral' states.

Over the past three decades, South Korea's economic performance has bordered on a miracle. Few economies have achieved such spectacular growth in such a short period of time. Korea's development process provides a sharp contrast to the lackluster growth experienced by many other developing economies and represents several unique characteristics even in comparison with its neighbors Japan and Taiwan. At the same time, certain aspects of its development remain minor mysteries requiring further examination and scrutiny. At the very least, the meteoric rise of a small economy and its people to international prominence after centuries of obscurity, disenfranchisement,and privation, deserves careful investigation and worldwide attention. This collection of 24 original essays focuses on the economic policies that led to the rapid transformation of the Korean economy. Among the salient features of the Korean experience dealt with by the contributors are development policies and the record of development; export policies--exchange rate, import liberalization, factor price distortions, and changing comparative advantage; production technology and total factor productivity; macroeconomic perspectives; conglomeration, business concentration and management practices; income distribution and labor issues, and urban and regional policies. Throughout the book, the role of the government in the development process and the dominance of large businesses in the economic sphere are analyzed extensively. In seeking to trace the relationships among various economic factors and to provide some insight into the process of economic development, this volume marshalls a considerable array of statistics and institutional descriptions as a background for analysis. This book will be welcomed by those studying economic development in general and the East Asian economy in particular as well as by those currently engaged in dealing with Korea.

"This is a book well worth reading... it] offers a comprehensive background to the studied society and the complex social relationships at all levels that dominate this rural Greek microcosm. This is an excellent book, of interest to those studying globalization and the integration of markets but also those interested on contemporary Greek society and its entanglements." . Labour History Review

"Lawrence's ethnography is a valuable and intriguing contribution not only to the ethnography of Greece but to the anthropology of globalization and politics. The detailed and multi level analysis of social, political and economic transformations is both critical and well placed... It] reminds anthropology of the necessity of a critical, detailed and encompassing political analysis of the interactions and articulations between the contradictory processes, discourses and practices between people and socio-economic systems, between people and the formations and transformations of power." . Durham Anthropology Journal

"Each chapter of Blood and Oranges is densely packed with argumentation that weaves together existing literature with the political economic facts on the ground. The treatment is a learned one, rich and erudite in its treatment of the circum-stances in Argolida, and always embedding those circum-stances within a broader set of forces and connections." . American Ethnologist

A compelling account of the intersection of globalization and neo-racism in a rural Greek community, this book describes the contradictory political and economic development of the Greek countryside since its incorporation into the European Union, where increased prosperity and social liberalization have been accompanied by the creation of a vulnerable and marginalized class of immigrant laborers. The author analyzes the paradoxical resurgence of ethnic nationalism and neo-racism that has grown in the wake of European unification and addresses key issues of racism, neoliberalism and nationalism in contemporary anthropology."

This book proposes measures to promote regional industrial development in East Asia from the perspective of three industries: agriculture, food, and tourism. The authors argue that for regional agriculture to develop, collaboration with the food industry is essential. Further, by linking tourism, economic collaboration between the three industries is strengthened. The first part of the book introduces a basic model for the formation of the agriculture, food, and tourism industry cluster. Contributions from leading academics in agricultural economics then go on to discuss the relevance of this multi-industry cluster in countries such as Japan, the Republic of Korea, and Cambodia, amongst others. The final part sets out new approaches for further development in the cluster through quantitative analyses of the 'economies of sequence' concept. Readers will discover that from establishing linkages between different industries and other economic sectors, important positive externalities can be generated and these processes can be triggered on the local or cluster level.

Ireland's economic performance over the last decade has been spectacular. National Income expanded in the ten years from 1987 at more than double the rates achieved by the US, the UK or the EU. Job creation figures are equally impressive. These essays by a group of leading Irish economists analyze the factors behind this dramatic growth. Among the issues explored are the long-term consequences of fiscal stabilization, the increasing educational attainment of the workforce, and the wage moderation and peaceful labor relations that characterized the period.

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences, business and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. This book offers a concise and accessible introduction to the main themes and debates in the field of law and development. It unpacks the role of legal systems and institutions, and investigates what kinds of law and legal arrangements are perceived (correctly or not) to encourage and facilitate development. Starting with a clear and readable overview of the key concepts and theories of development, the authors probe the issues which arise in both private law and public law as well as in international economic relations. The book also brings in key debates relating to politics and identity - especially highlighting gender and development as a topic that poses some of the biggest challenges for institutional conceptions of development. Written with the insight of two experts in the field, this unique book covers the most recent trends in law and development research and points out key topics that remain underexplored. It will be essential reading for students, practitioners and policy-makers needing to quickly gain an understanding of the core principles of this multi-faceted topic.

Is naval conflict in the Asia-Pacific region becoming more likely? On the face of it, this seems likely; nearly all countries in the region are rapidly modernising their navies and expanding their maritime capabilities at a time of increasingly rancorous disputes over sovereignty. This is especially the case in the East and South China Seas, with their supply of fish and largely untapped resources in oil and gas. Across the region there is a growing recognition of the economic importance of the sea, both for its resources and for the crucial shipping it facilitates. But economic growth goes both ways, developing increasing interdependence between the countries of the region. Expanding trade is subject to serious threats from pirates, drug-smugglers and other forms of maritime crime, and navies and coastguards are coming together to combat them. Which will prevail, the tendency to compete, or the tendency to cooperate? In reviewing the maritime policies of the major countries of the region, this volume aims to answer this question.

Public spending on infrastructure plays an important role in promoting economic growth and poverty alleviation. Empirical studies unequivocally show that under-investment in infrastructure limit economic growth. At the same time, numerous other studies have shown that investment in infrastructure can be a highly effective tool in fighting poverty reduction1. In that context, the financing of infrastructure has been a critical element of most economic growth and poverty reduction strategies in developing countries, since the start of this millennium. This bookprovides a comparative analysis of the aggregate and sectoral implications of higher spending on infrastructure in three very different Asian countries: China, Pakistan, and the Philippines. Particular attention is paid to the role of alternative financing mechanisms for increasing public infrastructure investment, namely distortionary and non-distortionary means of financing. The book will be of interest to scholars and policy-makers concerned with economic growth in developing countries."

China’s Belt and Road strategy is acknowledged to be the most ambitious geopolitical initiative of the age. Covering almost seventy countries by land and sea, it will affect every element of global society, from shipping to agriculture, digital economy to tourism, politics to culture. Most importantly, it symbolises a new phase in China’s ambitions as a superpower: to remake the world economy and crown Beijing as the new centre of capitalism and globalisation. Bruno Maçães traces this extraordinary initiative’s history, highlighting its achievements to date, and its staggering complexity. He asks whether Belt and Road is about more than power projection and profit. Might it herald a new set of universal political values, to rival those of the West? Is it, in fact, the story of the century?

Since the end of the Cold War, the study of intercultural relations has become one of the most popular topics in the field of global politics and economics. This book presents a methodological framework for the analysis of intercultural issues frequently misinterpreted by existing theories. The book uses a challenge-and-response theory of cultural development to examine the relationship between different natural disasters and threats and the developments of ancient civilizations. The spatial interaction of ancient civilizations is assessed and some theoretical patterns of intercultural influences are presented with a focus on the Chinese, Egyptian, Indus, and Mesopotamian civilizations. Using the development of China as a case study, and on the basis of a simplified spatial model, the optimal spatial structure and size of culture areas are mathematically solved, and the political economy implications to the interactions between cultures differing in size are illustrated.

The book also examines various aspects of intercultural economic influences, such as those of culture on international trade. The empirical results suggest that high-income trade partners are less sensitive than low-income trade partners to the measures of cultural dissimilarity which block international trade. The existing literature relating to the determinants of economic growth treats explanatory variables such as income inequality and cultural diversity separately. This book investigates whether there are any conditions under which income inequality and cultural diversity could encourage economic growth and provides evidence from a broad panel of nations, which reveals that economic growth is quite independent from the variables of inequality and cultural (linguistic and religious) diversity. Finally, this book provides suggestions for how cultural influences can benefit developing economies both large and small.

This volume identifies and analyses the crucial issues in the impact of multinational enterprises (MNEs) on less developed countries (LDCs). Although the authors take a variety of wide stances on the important questions a uniformity of approach emerges. The perspective is essentially that of economic analysis but it is enlivened by unorthodox concepts derived from related social science disciplines. The chapters cover the process of development, paying attention to entrepreneurship, cultural factors and management styles and examine the impact on welfare and income distribution in the host country.

This book presents significant new research on the informal labour markets of developing countries. Examining the critical role of informal labour markets in allowing countries to adjust successfully to the forces of globalization, this volume also brings to the fore a number of problems associated with the expansion of informal employment.

This book analyzes the role played by initial endowments and colonizer identity in seeking to explain institutional development in former colonies. It presents a model of two styles of imperialism that integrates the colonial origin and endowment views explaining current institutions. The authors argue that Great Britain and Portugal adopted an 'economically-oriented' style, which was pragmatic and sensitive to initial conditions. For this style of imperialism the endowment view is applicable. In contrast, France employed a 'politically-oriented' style of imperialism, in which ideological and political motivations were more present. This led to a uniform colonial policy that largely disregarded initial endowments. In turn, the case of Spain represents a hybrid of the two models. The empirical analysis presented here reveals a remarkable degree of heterogeneity in the relationship of endowments and colonizer identity with current institutions.

Analysis of North African revolt against authoritarianism, known as the 'Arab Spring', embraced reductionist explanations such as the social media, youth unemployment and citizens' agitations to regain dignity in societies humiliated by oppressive regimes. This book illustrates that reductionist approaches can only elucidate some symptoms of a social problem while leaving unexplained the economic and political structures which contributed to it. One outcome of quiescence, resource-based ethnic and sectarian conflicts and faulty development paradigm is deepened inequality and a wedge between winners and losers or affluence, wealth and power vis-a-vis poverty and hunger among humiliated jobless and hope-less masses. The book blends theories of development and transition to explain the complex factors which contributed to North Africans' revolt against authoritarianism and its long-term consequences for political development in the Arab World. This timely book is of great interest to researchers and students in Development Studies, Economics and Middle Eastern Studies as well as policy makers and democracy, human rights and social justice activists in the Arab world.

Globalisation has created an interconnected world, but has not diminished violence, militarism and inequality. The Economics of Killing describes how the power of global elites, entrenched under globalisation, has created a deadly cycle of violence. In this groundbreaking work, Vijay Mehta shows how attempts at peaceful national development are routinely blocked by Western powers. He locates the 2008 financial crisis in US attempts to block China's model of development. He shows how Europe and the US conspire with regional dictators to prevent countries from developing advanced industries, and how this system has fed terrorism. Mehta argues that a different world is possible, based on policies of disarmament, demilitarisation and sustainable development. This original and thought-provoking book will be of great interest to anyone concerned about the consequences of endless war fuelled by the West.

Violent Neoliberalism explores the complex unfolding relationship between neoliberalism and violence. Employing a series of theoretical dialogues on development, discourse and dispossession Cambodia, this study sheds significant empirical light on the vicious implications of free market ideology and practice.

Cohn lays out a new strategy of how states can produce economic development in poor nations - by considering barber shops, beauty parlours, hotels and restaurants in Brazil. Cohn considers the case of nations with budgetary limits that cannot afford to follow the East Asian model, and finds alternative policies that create jobs and reduce poverty.

This is the first comprehensive book on the politics and economics of financial sector consolidation in an emerging market in West Africa. It draws on the author's twenty years experience working with multinationals in this oil-rich zone, to address key issues and examine banking reform in one of the world's fastest-growing economies.

A flagship annual document of the Ministry of Finance, Government of India, the Economic Survey reviews the developments in the Indian economy over the previous twelve months, summarizes the performance on major development programmes, and highlights the policy initiatives of the government and the prospects of the economy in the short to medium term. This document is presented to both houses of Parliament during the Budget Session, tabled a day ahead of the Union Budget. The survey is the most authoritative and updated source of data on Indias economy. It highlights a growth rate of 7.6% hailing India as a bright spot amidst a slowing global economy. Elucidating further, it identifies wide-ranging challenges and summarizes policy and performance of the government, while advocating inclusive development in key sectors with the right strategies, policies, and interventions. The focus is on ensuring macro-economic stability and prudent fiscal management through a fresh set of economic reforms and policy initiatives to counter risks of global slowdown.

Over the past decade, international human rights organisations and think tanks have expressed a growing concern that the space of civil society organisations around the world is under pressure. This book examines the pressures experienced by NGOs in four partial democracies: Guatemala, Honduras, Indonesia and the Philippines.

In 1970 Sultan Qaboos took over a country that had no social or economic infrastructure. This book describes the process of political, social and economic transformationn that has turned it into a modern oil-producing state which has gained both regional influence and international respect. It also looks to the problems that Oman will face in the next decade as it aims to build on the successes of its first 20 years.

Explores the relationship between the Chinese peasantry, who are the fundamental base of support for the revolutionary Chinese Communist Party, and the state-led economic system established by the Party after 1949.

This book presents effective strategies for developing countries to leverage their public sector demand for manufactured imports to promote industrialization, trade, and technology transfer. Technology transfer and its absorption is considered one of the most crucial and complicated challenges for developing countries, which are characterized by insufficient infrastructure, low technological intensity of the domestic capital stock, and high levels of manufactured imports. Which strategies and policy tools can governments employ to link demand with technology transfer, thereby enhancing absorption capacity and development in emerging economies? This book is part of a broader project launched by PGlobal Global Advisory and Training Services Ltd., in cooperation with Istanbul Commerce University (ITUCU) and the Scientific and Technological Research Council of Turkey (TUEBITAK). The contributors to this book are policymakers, academicians, and experts who are working together to identify problems and develop policy recommendations for public procurement with respect to economic development. The book includes theoretical, empirical, and case study analyses of technology transfer mechanisms, public procurement policies, and countertrade and offset strategies. The lessons learned from these chapters will be of interest to both academics and policymakers concerned with technology transfer, industrial policy, and economic development.

There is a growing realization that business development is the most effective weapon in fighting world poverty. How the for-profit model can be harnessed to provide the poor with a share in the world's prosperity is discussed through actual cases, and nested in innovative theories of business, social sciences, and philosophy.