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Books > Business & Economics > Economics > Economic systems
Throughout the 1990s, Russian households experienced a dramatic
fall in their traditional sources of subsistence: wages and social
benefits. Many commentators have argued that households have
adopted 'survival strategies' that enable them to make ends meet,
particularly taking second jobs, growing their own food and calling
on the help of family and friends. This book reviews the available
data to analyse the forms, scale and incidence of these phenomena.
The author finds that so-called 'survival strategies' merely
represent a continuation of traditional soviet practices. He
demonstrates that they disproportionately benefit the better off
and that they do not provide a means by which those who have
suffered misfortune can compensate for a fall in their earnings.
Instead, he illustrates that most Russian households have adapted
simply by cutting expenditure rather than by finding new sources of
income. The author concludes by arguing that the notion of a
'household survival strategy' is inappropriate for the study of
post-soviet society. Based on the analysis of a wide range of
qualitative and quantitative data, Making Ends Meet in Contemporary
Russia provides a comprehensive analysis of the means by which
Russian households have secured their subsistence in the face of a
collapse in wages and employment since the end of the soviet
system. It will be required reading for all students, scholars and
researchers of transition studies, development studies and human
geography.
Explores capitalism’s role in creating the current state of
climate emergency Over the last 11,700 years, during which human
civilization developed, the earth has existed within what
geologists refer to as the Holocene Epoch. Now science is telling
us that the Holocene Epoch in the geological time scale ended,
replaced by a new more dangerous Anthropocene Epoch, which began
around 1950. The Anthropocene Epoch is characterized by an
“anthropogenic rift” in the biological cycles of the Earth
System, marking a changed reality in which human activities are now
the main geological force impacting the earth as a whole,
generating at the same time an existential crisis for the world’s
population. What caused this massive shift in the history of the
earth? In this comprehensive study, John Bellamy Foster tells us
that a globalized system of capital accumulation has induced
humanity to foul its own nest. The result is a planetary emergency
that threatens all present and future generations, throwing into
question the continuation of civilization and ultimately the very
survival of humanity itself. Only by addressing the social aspects
of the current planetary emergency, exploring the theoretical,
historical, and practical dimensions of the capitalism’s
alteration of the planetary environment, is it possible to develop
the ecological and social resources for a new journey of hope.
This unique book - informed by ten years' research - focuses on
intellectual property and charts the global transition towards
intellectual capitalism with technology-based corporations as prime
movers. The book gives a comprehensive overview of the history and
fundamentals of intellectual property as well as a textbook
introduction to the field. The book sheds new light on the
economics and management of intellectual property in large
corporations in Europe, Japan and the US. Special emphasis is given
to strategies for the acquisition and commercialization of new
technologies, patent strategies and strategies for secrecy and
trademark, technology intelligence and corporate management of
intellectual property. It includes an in-depth study of leading
large corporations in Japan - including Canon, Hitachi, Toshiba and
Sony. In conclusion, it explores the possible evolution of
intellectual property management towards a distributed intellectual
capital management in the context of a wider transition to
intellectual capitalism, fueled by new technologies in general and
new infocom technologies in particular. The book will have
particular appeal to practitioners such as managers, economists,
engineers and lawyers as well as students and scholars of
industrial organization, economics of innovation and technical
change, and management of technology.
This book offers a detailed, critical account of the economic
transformation of the Czech Republic since 1989. It follows the
development and implementation of a reform strategy based on
'shock' therapy and rapid privatisation, set against the background
of turbulent political change and conflict. The aim of the
government in the mid 1990s was the creation of a 'Czech'
capitalism, with Czech-owned business empires and banks. A detailed
analysis of developments in banking and industrial enterprises
shows how the chosen strategy led instead to continuing
inefficiency, flawed management decisions and uncontrolled
profiteering. These combined factors contributed to serious
economic difficulties in the latter part of the decade, with
success stories largely confined to foreign-owned firms. After
1998, a new government attempted to encourage economic revival
based upon a fresh strategy which emphasised the sale of banks and
industrial enterprises to foreign owners. Even with this new reform
strategy, the author concludes that the results were, at best,
mixed. Throughout the analysis, the author provides in-depth
commentary on a variety of topics including the sources of economic
growth, the role of the central bank, developments in banking and
industrial enterprises and the impact of inward direct investment.
It is rare to find such a comprehensive book which assesses the
economic transformations of a single country. The detailed analysis
and pertinent conclusions will be welcomed by academics and
researchers with an interest in transition economies, European
integration, international finance and political science.
This book sheds new light on how lobbying works in the European
Union. Drawing on the first-hand professional experience of
lobbyists, policymakers, and corporate and institutional
stakeholders, combined with a sound academic foundation, it offers
insights into successful lobbying strategies, such as how alliances
are formed by interest groups in Brussels. The authors present key
case studies, e.g. on the shelved EU-US trade deal Transatlantic
Trade and Investment Partnership (TTIP), lobbying scandals, and the
role of specific interest groups and EU Think-Tanks. Furthermore,
they highlight efforts to improve transparency and ethical
standards in EU decision-making, while also underscoring the
benefits of lobbying in the context of decision-making.
Understanding the tools and techniques of effective lobbying, as
well as the dynamics and trends in EU lobbying, will allow
professionals involved in the lobbying process, such as
policymakers and corporate and institutional stakeholders, to
improve their performance and achieve better results when pursuing
their respective interests.
This book offers a new interpretation of the Employment Act of
1946. It argues that in addition to Keynesian economics, the idea
of a living wage was also part of the background leading up to the
Employment Act. The Act mandated that the president prepare an
Economic Report on the state of the economy and how to improve it,
and the idea of a living wage was an essential issue in those
Economic Reports for over two decades. The author argues that
macroeconomic policy in the USA consisted of a dual approach of
using a living wage to increase consumption with higher wages, and
fiscal policy to create jobs and higher levels of consumption,
therefore forming a hybrid system of redistributive economics. An
important read for scholars of economic history, this book explores
Roosevelt's role in the debates over the Employment Act in the
1940s, and underlines how Truman's Fair Deal, Kennedy's New
Frontier and Johnson's Great Society all had the ultimate goal of a
living wage, despite their variations of its definition and name.
This book has a dual purpose. First, it analyses the concept of
economic crises within economic theory, showing the various
theoretical foundations and controversies amongst different schools
of economic thought. Second, it presents an empirical analysis of
the Great Recession in Spain, addressing the growth period of 1995
to 2007-08, the subsequent depression until 2013-14 and the
recovery that followed. It also shows the way in which the inner
contradictions of capital manifests itself in an European
peripheral economy under a real estate bubble, emphasizing the role
of the Spanish economy in European capitalism. This theoretical and
empirical heterodox approach will be of interest to students and
scholars in political economy, and those with an interest in the
Eurozone.
Capitalism has been a controversial concept. In the second half of
the 20th century, many historians have either not used the concept
at all, or only in passing. Many regarded the term as too broad,
holistic and vague or too value-loaded, ideological and polemic.
This volume brings together leading scholars to explore why the
term has recently experienced a comeback and assess how useful the
term can be in application to social and economic history. The
contributors discuss whether and how the history of capitalism
enables us to ask new questions, further explore unexhausted
sources and discover new connections between previously unrelated
phenomena. The chapters address case studies drawn from around the
world, giving attention to Europe, Africa and beyond. This is a
timely reassessment of a crucial concept, which will be of great
interest to scholars and students of economic history.
This edited volume analyzes land utilization data from farm surveys
taken in China between 1929 and 1933. This data, which was the
foundation for John Lossing Buck's seminal work Land Utilization in
China (1937), was thought lost to history until rediscovered in
2000. The book presents the first modern analyses of agricultural
economics in Republican China using Buck's micro-data, covering
important topics such as nutritional poverty, tenancy issues, land
productivity, surplus labor, workers' incomes, credit supply, and
regional differences. Through using modern analytical methods, this
book presents a more accurate picture of the agricultural economy
in the Republican Era and will be of particular interest to
agricultural economists, economic historians, and Chinese studies
scholars.
The uneven geographical distribution of economic activities is a
huge challenge worldwide and also for the European Union. In
Krugman's New Economic Geography economic systems have a simple
spatial structure. This book shows that more sophisticated models
should visualise the EU as an evolving trade network with a
specific topology and different aggregation levels. At the highest
level, economic geography models give a bird eye's view of spatial
dynamics. At a medium level, institutions shape the economy and the
structure of (financial and labour) markets. At the lowest level,
individual decisions interact with the economic, social and
institutional environment; the focus is on firms' decision on
location and innovation. Such multilevel models exhibit complex
dynamic patterns - path dependence, cumulative causation,
hysteresis - on a network structure; and specific analytic tools
are necessary for studying strategic interaction, heterogeneity and
nonlinearities.
Now with a substantial new postscript on the financial crisis
This book provides a basic introduction to the 'nuts and bolts'
of capitalism. It starts by examining the classic accounts of
capitalism found in the works of Adam Smith, Karl Marx, Max Weber,
Joseph Schumpeter, and John Maynard Keynes. Each placed emphasis on
different institutional elements of capitalism - Smith on the
market's 'invisible hand'; Marx on capital's exploitation of
labour; Weber on the foundations of economic rationality; and
Schumpeter and Keynes on the instability that results from
capitalism's essentially monetary and financial character.
Drawing on these classic accounts, Ingham then offers a succinct
analysis of capitalism's basic institutions and their
interconnections. Market exchange, the monetary system, the
enterprise, capital and financial markets, and the role of the
state are dealt with in separate chapters which make use of
contemporary material on the recent history of the capitalist
system - including the great inflation of the 1970s and the
neo-liberal backlash; the 'dot.com' bubble of the late 1990s; and
the collapse of Enron and other US corporations. This revised
version includes a substantial new postscript on the financial
crisis of 2007-8 and its aftermath. The result is a concise,
masterly and up-to-date account of the world's most powerful
economic system, written in a way that is accessible to students
and general readers alike.
This book explores the dynamics of China's new united front work in
Hong Kong. Mainland Chinese penetrative politics can be seen in the
activities of local pro-Beijing political parties, clans and
neighborhood associations, labor unions, women and media
organizations, district federations, and some religious groups.
However, united front work in the educational and youth sectors of
civil society has encountered strong resistance because many Hong
Kong people are post-materialistic and uphold their core values of
human rights, the rule of law and transparency. China's new united
front work in Hong Kong has been influenced by its domestic turn
toward "hard" authoritarianism, making Beijing see Hong Kong's
democratic activists and radicals as political enemies. Hong Kong's
"one country, two systems" is drifting toward "one country, two
mixed systems" with some degree of convergence. Yet, Taiwan and
some foreign countries have seen China's united front work as
politically destabilizing and penetrative. This book will be of use
to scholars, journalists, and observers in other countries seeking
to reckon with Chinese influence.
This edited collection provides a comprehensive geographic and
chronological overview of the decentralisation processes in the
successor states of former Yugoslavia and Albania during their
transition and EU integration years, from 1990 until 2016. These
countries present a unique laboratory for the analysis of economic,
social and political change, having traversed armed conflicts,
dramatic economic and political changes, and EU pre-accession
processes involving deep institutional reform. They have also
endured the Eurozone crisis, which has led to high levels of
unemployment, wide fiscal gaps and dangerously high levels of
indebtedness. Observing the quarter century-long transition from
socialism to capitalism through the prism of decentralisation sheds
new light on studying the political economy of the region and the
current status of the individual countries in terms of economic
development and their EU integration progress. The contributors
enrich the wider literature on fiscal decentralisation in
transition countries by exploring several broad questions on
democratisation, the political economy of post-communist
transition, the role of external actors in policy transfer and the
issue of financial stability in the post-crisis period.
Presenting a wealth of new ethnographic and interview-based research,Critical Management Research in Eastern Europe argues that the reform process in Central and Eastern Europe has been dominated by the traditional 'Western' view of management practice. However, this approach overlooks the fact that certain managerial and organizational practices developed in Central and Eastern Europe may still be appropriate and indeed effective within this particular setting. The book brings together authors from both East and West Europe to evaluate how the two systems can best be harmonized.
This book by influential policymaker Chi Fulin lays out in
issue-oriented and detailed chapters, at a time when China is at a
crossroads, exactly how the government plans to deal with the
social, political and economic issues the world's second-largest
economy faces. From managing the decline of industry, to
urbanization, to managing consumption, to social security and
education, Chi offers a roadmap for the years ahead. This book will
be particularly fascinating to Western scholars of China who
speculate on the inner workings of the Chinese policymaking elite,
with the ambition of China's central planners here laid out for the
world to see.
This book addresses growing tensions in Northeast Asia, notably
between North Korea and China. Focusing on China's economic
participation in North Korea's minerals and fishery industries, the
author explores the role of China's sub-state and non-state actors
in implementing China's foreign economic policy towards North
Korea. The book discusses these actors' impact on the regional
order in Northeast Asia, particularly in the Korean Peninsula. The
project also provides a comprehensive and up-to-date account of
China's cultural and economic activities in North Korea as
implemented by both the historically traditional actors in Jilin
and Liaoning provinces in Northeast China, and new actors from
coastal areas (Shandong and Zhejiang provinces) and inland
provinces (Chongqing and Henan) to Zhejiang province. It argues
that in the era of economic decentralisation, Chinese sub-state and
non-state actors can independently deal with most of their economic
affairs without the need for permission from the central government
in Beijing. A key read for scholars and students interested in
Asian history, politics and economics, and specifically the East
Asian situation, this text offers an in-depth analysis of recent
activity concerning the Sino-DPRK economic relationship.
The Treasury is one of Britain's oldest, most powerful and
secretive institutions, one that has played a central role in
shaping the country's economic system. But all too often it has
escaped public scrutiny when it comes to investigating the ups and
downs of the UK economy. When portrayed, it is usually as a bedrock
of government stability in times of crisis, repeatedly rescuing the
nation's finances from the hands of posturing politicians and the
combustions of world financial markets. However, there is another
side to the story. In between the highs there have been many lows,
from botched privatizations to dubious private finance initiatives,
from failing to spot the great financial crisis to facilitating
ever-growing inequalities. Davis's book goes behind the scenes to
offer an inside history of the Treasury, in the words of the
chancellors, advisors and civil servants themselves. It shows the
shortcomings as well as the successes, the personalities and the
thinking which have shaped Britain's economy since the mid-1970s.
Based on interviews with over fifty key figures, it offers a
fascinating, alternative insight on how and why the UK economy came
to function as it does today, and why reform is long overdue. -- .
Now in its second edition, Global Capitalism and Climate Change:
The Need for an Alternative World System examines anthropogenic
climate change in the context of global capitalism, a political
economy that emphasizes profit-making, is committed to on-going
economic growth, results in massive social inequality, fosters a
treadmill of production and consumption, and is heavily reliant on
fossil fuels. Looking ahead, Hans A. Baer explores the systemic
changes necessary to create a more socially just, democratic, and
environmentally sustainable world system capable of moving humanity
toward a safer climate. This book is recommended for readers
interested in anti-systemic efforts, including eco-anarchism,
eco-feminism, the de-growth perspective, Indigenous voices, and the
climate justice movement.
This book aims to delve deeper into China's Road studies, bringing
together China's leading scholars from different disciplines to
examine, with reference to the grand strategies of major powers in
the world, the strategically important issues that China faces, the
interactions between domestic politics and international politics,
and the way in which China seeks to become a world player. The book
contains articles analyzing the history and reality of China's
road, domestic and international foundations of China's Road, and
China's Road and the world's future. The authors also discuss the
unique aspects of China's Road, as the properties and the selection
of the system, ideas, and development model all comprise an
unalterable socialist direction, government-led market economic
system, human-oriented core ideas, and gradual reform. With
balanced and peaceful development, cooperation, and mutual benefits
as outstanding characteristics, China's Road will ensure that China
continues to progress.
Much of the received wisdom about the world of work emphasizes the
marketization of the employment relationship; the decline of
class-based forms of inequality, and the individualization of
employment relations. Non-standard forms of employment, the
delayering of organizational hierarchies, and the use of individual
performance-based payment systems are all held up as examples of a
new neo-liberal order in which employers and employees no longer
feel a sense of obligation to each other.
Drawing on a range of employee and employer surveys, including the
authors own Working in Britain 2000 survey, this ambitious study
presents a comprehensive examination of the conditions, attitudes,
and experiences of British employees from the mid-1980s to the
early years of this century. The authors' analyses provides a
compelling critique of the received wisdom, while also providing an
original, alternative account of recent developments in work and
labour markets. Along the way, the book covers such topical issues
as the changing nature of trade union membership, the consequences
of Britain's 'long hours' culture', and the apparent inability of
women to ask for pay rises. Significantly, the authors seek to
reposition debates about the future of work by restoring the
concepts of contracts and social class to the analysis of the
employment relationship.
Based on the ESRC funded Future of Work research programme this
book is destined to shape our understanding of employment in
Britain for the foreseeable future.
This report is a partial result of the China's Quarterly
Macroeconometric Model (CQMM), a project developed and maintained
by the Center for Macroeconomic Research (CMR) at Xiamen
University. The CMR is one of the Key Research Institutes of
Humanities and Social Sciences sponsored by the Ministry of
Education of China, focusing on China's economic forecast and
macroeconomic policy analysis. The CMR started to develop the CQMM
for purpose of short-term forecasting, policy analysis, and
simulation in 2005. Based on the CQMM, the CMR and its partners
hold press conferences to release forecasts for China' major
macroeconomic variables. Since July, 2006, twenty-two quarterly
reports on China's macroeconomic outlook have been presented and
eleventh annual reports have been published. This 23rd quarterly
report is to be presented at the Forum on China's Macroeconomic
Outlook and Press Conference of CQMM on October 27, 2017. This
conference is jointly held at Oxford University by Oxford Prospects
and Global Development Centre, University of Oxford, Center for
Macroeconomic Research at Xiamen University, and Economic
Information Daily at Xinhua News Agency.
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