The dramatic evolution of financial markets in the 1980s and 1990s, accompanied by increasing institutional integration between nations (most notably in the EU), have fostered a widespread belief that governments - particularly those of small economies - have essentially lost the power to pursue sovereign, independent economic policies. At the same time, it is widely assumed that the loss of monetary-policy control is a major opportunity cost for a country adopting a rigid exchange-rate regime or, in the European context, for countries joining the EMU. This book sheds light on these arguments by examining the relationship between the international integration of domestic money markets and the degree of monetary-policy independence in eleven small, open economies in Europe. The authors address these important issues in the context of a broad-based historical analysis of market formation and growth, exchange-rate policies and deregulation. They find that political motives, in conjunction with competitive forces, path dependence and institutional factors, are a major determinant of market development. Moreover, they reveal that credible commitment to a stability goal is a far more reliable predictor of monetary-policy autonomy than the adoption of a specific exchange-rate regime. This accessible investigation of the relationship between domestic money-market development, international financial integration and the monetary-policy options available to small, open economies will be welcomed by students and researchers of macroeconomics, financial economics and political economy. The extensive empirical research and original conclusions will also be of interest and benefit to corporate decisionmakers, bankers, policymakers and regulators.

This book is a volume in the Penn Press Anniversary Collection. To mark its 125th anniversary in 2015, the University of Pennsylvania Press rereleased more than 1,100 titles from Penn Press's distinguished backlist from 1899-1999 that had fallen out of print. Spanning an entire century, the Anniversary Collection offers peer-reviewed scholarship in a wide range of subject areas.

What Globalization Now Means for Your Business Executives can no longer base their strategies on the assumption that globalization will continue to advance steadily. But how should they respond to the growing pressures against globalization? And what can businesses do to control their destinies in these times of uncertainty? In The New Global Road Map, Pankaj Ghemawat separates fact from fiction by giving readers a better understanding of the key trends affecting global business. He also explains how globalization levels around the world are changing, and where they are likely to go in the future. Using the most up-to-date data and analysis, Ghemawat dispels today's most dangerous myths and provides a clear view of the most critical issues facing policy makers in the years ahead. Building on this analysis, with examples from a diverse set of companies across industries and geographies, Ghemawat provides actionable frameworks and tools to help executives revise their strategies, restructure their global footprints, realign their organizations, and rethink how they work with local governments and institutions. In our era of rising nationalism and increased skepticism about globalization's benefits, The New Global Road Map delivers the definitive guide on how to compete profitably across borders.

Over the past half-century, bookselling, like many retail industries, has evolved from an arena dominated by small independent shops to one in which chain stores have significant market share. And as other retail fields, this transformation has often been a less-than-smooth process. But this has been especially pronounced in bookselling, argues Laura J. Miller, because more than most other consumer goods, books are the focus of passionate debate about commercialism. What drives that debate? And why do so many people believe that bookselling should be immune to questions of profit?In "Reluctant Capitalists," Miller looks at a century of book retailing, demonstrating that the independent-chain dynamic is not entirely new. It began a hundred years ago when department stores began selling books, continued through the 1960s with the emergence of national chain stores, and exploded with the formation of "superstores" in the 1990s. The advent of the Internet has further spurred tremendous changes in how booksellers approach their business. All of these changes have met resistance from book professionals and readers who believe that the book business should not be captive to market forces, but should also embrace more noble priorities. Miller uses historical data and interviews with bookstore customers and members of the book industry to explain why books evoke such distinct and heated reactions. She reveals why customers seek out certain bookstores and why book professionals identify so strongly with different types of books. In the process, she also teases out the meanings of retailing and consumption in American culture at large, underscoring her point that consumer behavior is inevitablypolitical, with consequences for communities as well as commercial institutions.

Explains the major changes in the textile and clothing industry that are taking place mostly in the USA. Shows the central role of information systems in providing data on sales at the retail level that is communicated back through the system to garment distributors, manufacturers, designers, and to the starting point: the manufacturers of the cloth from which the garments are made.

This text incorporates new information and devotes more time and space to the issues of agricultural industrialization and market structure likely to be faced by applied economists.

Responds to a critical need to train students to work in the new world of agricultural markets
Explicitly integrates empirical analysis of issues while maintaining the theoretical and practical issues of applied market analysis
Places a high emphasis on market structure, imperfect competition, vertical coordination, contracting, etc., providing students with the necessary background to understand the new environment in which they will be expected to operate
Includes some introduction to game theory with applications
Contains practical examples, "key questions," exercises, and questions posed to students that can be used by instructors to stimulate classroom discussion.

Though now remembered as an act of anti-colonial protest leading to the Egyptian military coup of 1952, the Cairo Fire that burned through downtown stores and businesses appeared to many at the time as an act of urban self-destruction and national suicide. The logic behind this latter view has now been largely lost. Offering a revised history, Nancy Reynolds looks to the decades leading up to the fire to show that the lines between foreign and native in city space and commercial merchandise were never so starkly drawn.
Consumer goods occupied an uneasy place on anti-colonial agendas for decades in Egypt before the great Cairo Fire. Nationalist leaders frequently railed against commerce as a form of colonial captivity, yet simultaneously expanded local production and consumption to anchor a newly independent economy. Close examination of struggles over dress and shopping reveals that nationhood coalesced informally from the conflicts and collaboration of consumers "from below" as well as more institutional and prescriptive mandates.

An account of the golden trade of the Moors, and a source book on Saharan trade routes, caravan organization and Sudanese history. The author covers anthropology and economic geography as well as history, as he examines and explores the hot little towns, sharp traders and the brutal rulers. He seeks to encourage and inspire a generation of scholars to discover more about parts of Africa still surprisingly little known to the outside world.

To adequately protect an organization, physical security must go beyond the "gates, guns, and guards" mentality that characterizes most security programs. Creating a sound security plan involves understanding not only security requirements but also the dynamics of the marketplace, employee issues, and management goals. The Complete Guide to Physical Security discusses the assets of a facility people, building, and location and the various means to protect them. It emphasizes the marriage of technology and physical hardware to help those tasked with protecting these assets to operate successfully in the ever-changing world of security.

The book covers specific physical security technologies, such as intrusion detection, access control, and video surveillance systems including networked video. It addresses the reasoning behind installations, how to work with contractors, and how to develop a central station for monitoring. It also discusses government regulations for building secured facilities and SCIFs (Sensitive Compartmented Information Facilities). Case examples demonstrate the alignment of security program management techniques with not only the core physical security elements and technologies but also operational security practices.

The authors of this book have nearly 50 years combined experience in the security industry including the physical security and security management arenas. Their insights provide the foundation for security professionals to develop a comprehensive approach to achieving physical security requirements while also establishing leadership roles that help further the overall mission of their organization.

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Living with China urges Canadians to adopt a forward-looking China strategy that recognizes the significance of China's history and values for its development model of authoritarian state capitalism and managed markets. Market reforms will be key drivers of China's long-term growth, yet Chinese policy is ambivalent about the potential dangers of spontaneous market forces undermining the Party's central goal of political stability. The tensions between market forces and state intervention and between political and economic goals are identified in the book's early chapters that outline what Canadians need to know about the Chinese economy. The book also examines how Chinese enterprises are going global through direct investments and participation in the dynamic but troubled Belt and Road Initiative. In an environment of rising tensions over trade and technology - evident in negotiating the USMCA with the United States and doing business with Huawei, the China-based telecommunication giant - Canada needs a China strategy. Living with China is one of the first comprehensive volumes on a forward-looking Canada-China strategy. The recommended strategy includes more leadership from top officials, building a Canada brand, strengthening our international human capital, addressing security issues, and negotiating bilateral trade and investment liberalization. Dobson also acknowledges the importance of addressing such key issues as intellectual property protection, cybersecurity, and value differences such as respect for individual rights.

Originally published in the Great Depression this accessible volume was aimed not only at the academic economist, but also the general reader. The cycles of panic, boom and bust are discussed and solutions provided as to how to get over the bust periods as efficiently as possible. The commodities of wheat and gold are discussed in detail, and comparisons made between UK and US budget surpluses and deficits.

Surveying government and crowd responses ranging from the late Middle Ages through to the early modern era, Buchanan Sharp's illuminating study examines how the English government responded to one of the most intractable problems of the period: famine and scarcity. The book provides a comprehensive account of famine relief in the late Middle Ages and evaluates the extent to which traditional market regulations enforced by thirteenth-century kings helped shape future responses to famine and scarcity in the sixteenth century. Analysing some of the oldest surviving archival evidence of public response to famine, Sharp reveals that food riots in England occurred as early as 1347, almost two centuries earlier than was previously thought. Charting the policies, public reactions and royal regulations to grain shortage, Sharp provides a fascinating contribution to our understanding of the social, economic, cultural and political make-up of medieval and early modern England.

Surveying government and crowd responses ranging from the late Middle Ages through to the early modern era, Buchanan Sharp's illuminating study examines how the English government responded to one of the most intractable problems of the period: famine and scarcity. The book provides a comprehensive account of famine relief in the late Middle Ages and evaluates the extent to which traditional market regulations enforced by thirteenth-century kings helped shape future responses to famine and scarcity in the sixteenth century. Analysing some of the oldest surviving archival evidence of public response to famine, Sharp reveals that food riots in England occurred as early as 1347, almost two centuries earlier than was previously thought. Charting the policies, public reactions and royal regulations to grain shortage, Sharp provides a fascinating contribution to our understanding of the social, economic, cultural and political make-up of medieval and early modern England.

Horses played a vital role in the economy of pre-industrial England. They acted as draught animals, pulled ploughs, waggons and coaches, worked machines, and transported goods around the country. As saddle animals they enabled their riders to carry out a wide variety of tasks, and at all levels of society they were regarded as status symbols in a unique relationship with man shared by no other animal. During the Tudor and Stuart period, horses were needed in ever-growing numbers, and for a greater variety of tasks. As demand grew, improvements became necessary in the means of supply and distribution. The agents of change, the specialist dealers, were often condemned as rogues and cheats, whose actions raised prices and caused shortages. Dr Edwards argues that, far from being generally unscrupulous, the dealers were no better or worse than those amongst whom they lived and worked.

The Correspondence of Robert Dodsley 1733-1764 brings to light much previously unpublished detail for the study of eighteenth-century British literary and publishing history. It is a fully annotated edition of letters exchanged between Robert Dodsley - London's leading literary publisher of the mid eighteenth century - and his authors, members of the book trade, and friends. Numbering about four hundred pieces, the correspondence reflects the publisher's relations with such people as Edmund Burke, the 4th Earl of Chesterfield, David Garrick, Thomas Gray, David Hume, Samuel Johnson, Laurence Sterne, and Horace Walpole. A lengthy introduction provides an account of Dodsley's publishing career, including his negotiations with authors and other publishers, and offers many insights into the technical and financial operation of the contemporary book trade.

This book offers a detailed study of the types of trade that occurred in a medieval English market town. It focuses above all on the identity of buyers and sellers in late fourteenth-century Exeter, a port town that enjoyed particularly good overland connections throughout south-western England. More than most town histories, it explores the dynamic relationship between town and country, and traces how the urban center linked local and regional networks of exchange.