An "Economist" Best Book of the Year
In the 1980s and 1990s many in the West came to believe in the myth of an East-Asian economic miracle, with countries seen as not just development prodigies but as a unified bloc, culturally and economically similar, and inexorably on the rise. In "How Asia Works," Joe Studwell distills extensive research into the economics of nine countries--Japan, South Korea, Taiwan, Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and China--into an accessible, readable narrative that debunks Western misconceptions, shows what really happened in Asia and why, and for once makes clear why some countries have boomed while others have languished. Impressive in scope, "How Asia Works" is essential reading for anyone interested in a region that will shape the future of the world.
"Pithy, well-written and intellectually vigorous . . . Studwell's thesis is bold, his arguments persuasive, and his style pugnacious. It adds up to a highly readable and important book." --"Financial Times"

Humans invented money from nothing, so why can't we live without it? And why does no one understand what it really is? In this lively tour through the centuries, Jacob Goldstein charts the story of this paradoxical commodity, exploring where money came from, why it matters and whether bitcoin will still exist in twenty years. Full of interesting stories and quirky facts - from the islanders who used huge stones as a means of exchange to the merits of universal basic income - this is an indispensable handbook for anyone curious about how money came to make the world go round.

Financializations of Development brings together cutting-edge perspectives on socio-political, socio-historical and institutional analyses of the evolving multiple and intertwined financialization processes of developmental institutions, programs and policies. In recent years, the development landscape has seen a radical transformation in the partaking actors, which have moved beyond just multilateral or bilateral public development banks and aid agencies. The issue of financing for sustainable development is now at the top of the agenda for multilateral development actors. Increasingly, development institutions aim to include private actors and to lever in private money to support development projects. Drawing on case studies conducted in Africa, Asia, Europe and Latin America, this book examines the ways in which these private finance actors are enrolled and associated with the conception and implementation of development policies. Beginning with a focus on global actors and private foundations, this book considers the ways in which development funding is raised, managed and distributed, as well as debates at the center of global forums where financialized policies and solutions for development are conceived or discussed. The book assembles empirical research on development programs and demonstrates the social consequences of the financializations of development to the people on the ground. Highlighting the plurality of processes and outcomes of modern-day relations, tools, actors and practices in financing development around the world, this book is key reading for advanced students, researchers and practitioners in all areas of finance, development and sustainability.

ASEAN’s real gross domestic product (GDP) had declined sharply due to the COVID-19 pandemic. The economic downturn and the uncertainty about the future reduced the new investments in green projects drastically. Besides this, many governments rolled back environmental regulations and taxes and increased fossil-fuel intensive infrastructure and electricity to stimulate economic growth. Post-Pandemic Green Recovery in ASEAN consists of several empirical studies using fresh data, with regional and country-level perspectives on ways to keep the greenness of the economic recovery plans. The chapters look at various aspects and sectors, including tourism, infrastructure, energy, small and medium enterprises (SMEs), employment, and livelihood, by assessing the effectiveness of various tools and instruments, including green finance, carbon taxation, green Sukuk, credit guarantee, cash transfer payment, power purchase agreements, and the related policies. They also provide practical policy recommendations useful for the ASEAN member states and other developing regions for the green recovery in the post-pandemic. Reiterating the importance of green and low-carbon mechanisms and climate change tackling policies besides the usual economic recovery strategies, this book is a precious resource for the researchers of economics, finance, ASEAN and Asian studies, and policymakers.

The Bretton Woods system ensured a quarter of a century of relative stability on the world's financial markets. The quarter of a century which has followed has brought financial chaos and excessive financial volatility. Exchange Rate Chaos: 25 Years of Financial and Consumer Democracy describes and compares US and British financial history during this period. It highlights: * similarites in financial developments between the two countries * consumer democracy: Have the wishes of consumers dominated exchange rate policy? * The decline of the small investor and the hegemony of financial institutions * How the floating exchange rates are manipulated to government advantage One of the few financial histories to deal with the postwar period, this book shows how financial developments have shaped contemporary society and politics.

Fills an important gap in the study of Africa's international relations and its engagement with rising economies in the Global South. When Lula da Silva became President of Brazil in 2003 he declared Africa a priority of his country's ambitious global foreign policy. During his presidency, Brazil became one of the key emergent powers in Africa through strengthening political ties, development cooperation and trade with the continent. While, the Dilma and Temer presidencies had other political priorities, strong links with the continent continued to exist. The authors trace the longhistory of Brazil-Africa relations from the early 16th century and the slave trade, through their decline during European colonialism, their resurgence following many African countries' independence, fluctuations during Brazil's military rule in the 1960s and '70s, to the expansion of its interests under Lula and the first years under Dilma. Taking a broad range of perspectives, they examine: the way in which the rights of those of African descent have become increasingly recognized without having brought racial equality; the strengthening of bilateral and multilateral links with the continent and the growth of South-South cooperation; and Brazil-Africa relations in the South Atlantic context. The final chapter looks at the wider implications of the present political and economic crises for Brazil's future foreign policy in Africa, and the likely impact of new president Jair Bolsonaro elected in late 2018. Gerhard Seibert is Lecturer at the Universidade da Integracao Internacional da Lusofonia Afro-Brasileira (UNILAB), Brazil; Paulo Fagundes Visentini is Historian and Full Professor of International Relations at the Universidade Federal do Rio Grande do Sul (UFRGS).

This book argues that mainstream economics cannot explain the underdevelopment and poverty of Nepal, neither can it be explained in terms of economics alone nor capital inadequacy even, as is conventionally believed. The author asserts that Nepal's underdevelopment needs to be located in the nature of the state which has been shaped by the collusion of interest among politicians and the resulting bureaucracy, triggering the growth of crony capitalism. The book presents a critical and radical analysis of factors that have kept Nepal in a state of underdevelopment and poverty, with huge section of the society in underprivileged and deprived socio-economic conditions, despite six decades of planning, seven decades of dependence on foreign aid, and numerous political regime changes, from the Rana regime for over a century from 1846-1950 through to the republic regime from 2007 onwards. To support this argument, the book delves into an exploration of growth performance in Nepal, government attempts at poverty alleviation, foreign aid and its effects in the economy and the nature of the state, with a focus on Maoists' 10-year rebellion. Each chapter presents the existing picture and examines the possible reasons for the failure in achieving the desired results. A comparative analysis of Nepal's position with respect to South Asian Association for Regional Cooperation (SAARC) countries is also presented in a number of chapters. The audience for the book will be students, academics and researchers, and within Nepal itself, intellectuals, politicians, and officials of the National Planning Commission, the central bank and other banks and financial institutions.

'Linda Yueh's analysis of what past financial crises have in common is an important contribution that can help society anticipate and tackle potential crashes in the future' Christine Lagarde 'Fascinating, well-written and authoritative' Tim Harford The global economy has weathered the most tumultuous century in modern financial history. Since the Wall Street Crash in 1929, financial meltdowns have repeatedly sent shockwaves through our world. From the currency crises of the 1980s and 1990s, to Japan's housing crash, the dot com boom and bust, the global financial meltdown, the euro crisis and the COVID pandemic, The Great Crashes tells the stories of ten of these historic events. They serve as a series of cautionary tales, each with their own set of lessons to be learnt. With clear-eyed analysis, renowned economist Dr Linda Yueh extracts a three step framework to help recognise the early signs of a crash and mitigate the effects - all with the hope of preventing the worst mistakes of the past from being repeated in the next inevitable financial crisis. She warns about where the next one might come from and shows how her framework could contain it. Combining her in-depth knowledge with compelling storytelling, The Great Crashes is essential reading that offers urgent lessons for the modern world.

This text sets out to describe the emergence of economics in the period of Japanese Enlightenment, or the first two decades of the Meiji era. At this time, there was general agreement for the need to modernize the country by abolishing all remaining feudalism, and opening up to Western economic thought. The author examines the main characteristics of economic thought at this time, in particular, the predominance of nationalism among both proponents of protectionism and free-trade.

Acclaim for previous edition: 'Benjamin J. Cohen's Advanced Introduction to International Political Economy evaluates the fragmented intellectual landscape of international political economy and suggests points of convergence, if not integration, among its varied elements. His analysis is wide-ranging and balanced, geographically and in its examination of a variety of standpoints; it is engaging in its combination of sympathy and criticism. All advanced students of the field will benefit from reading it.' - Robert O. Keohane, Princeton University, US Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences 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. Now in its second edition, Benjamin J. Cohen's introduction provides a comprehensive and up-to-date global survey of the field of international political economy. With detailed discussions regarding the divergent paths of different schools of thought in the field, this unique guide explores the links between contending factions. This Advanced Introduction gives students access to the multiple analytical styles and traditions of all perspectives in this rich field of study. Key features of the second edition: ? Concise introduction to the field in an accessible, non-technical form updated with the most recent discussions in IPE? Further in depth analysis of the most established American and British schools of IPE? Extended discussion of other key regions contributing to IPE, including Continental Europe, Latin America, Australia, Canada and China. Written in a concise and dynamic style, this Advanced Introduction serves as a thoughtful entry point text for advanced undergraduate and graduate students, as well as being an excellent go-to resource for scholars specializing in international political economy.

Enterprises located in rural regions face various challenges in the globalised and digitised world. This book offers comprehensive answers to the question of what makes up the rural enterprise economy in the contemporary business world. It addresses the competitiveness and viability, strategic management and strategic change, and marketing issues for both incumbent and start-up companies in rural regions. The book presents new concepts that shed light on the rural enterprise economy with its entrepreneurs. With a broad range of cases from European regions, the book provides theoretical insights for scholars, practical case-based evidence for lecturers and teachers, and practical knowledge for business practitioners and planning specialists. Academic experts from European universities and research institutes provide compelling answers to this under-researched topic in business studies and economics.

The West has long been ignorant of cultural and political processes in China. Today, a growing number of Westerners are becoming aware of China's real and giant potential as a player in the international business arena. As business becomes increasingly international, it is vital to understand the concrete nature of business and underlying attitudes in the world's most populated country.
This volume presents a unique view of the major facets of international business in China. It examines the workings of finance and accounting, law, management, and marketing as well as trade, foreign direct investment, and the management of foreign subsidiaries. Discussion of such functional areas is placed firmly in the context of developments in China in recent years, with special emphasis placed on implications for firms doing business in or with China. Succinct, up-to-date analysis is combined with practical guidelines and recommendations for the business person.
This highly international bookis an important step towards demystification of the workings of international business. The material presented is from leading experts in business from around the world who write from direct experience of business in China.

FINALIST FOR THE ORWELL PRIZE FOR POLITICAL WRITING 2022 THE TIMES BOOKS OF THE YEAR 2021 'A complex story, which Tooze tells with clarity and verve... The world is unlikely to be treated to a better account of the economics of the pandemic' The Times From the author of Crashed comes a gripping short history of how Covid-19 ravaged the global economy, and where it leaves us now When the news first began to trickle out of China about a new virus in December 2019, risk-averse financial markets were alert to its potential for disruption. Yet they could never have predicted the total economic collapse that would follow in COVID-19's wake, as stock markets fell faster and harder than at any time since 1929, currencies across the world plunged, investors panicked, and even gold was sold. In a matter of weeks, the world's economy was brought to an abrupt halt by governments trying to contain a spiralling public health catastrophe. Flights were grounded; supply chains broken; industries from tourism to oil to hospitality collapsed overnight, leaving hundreds of millions of people unemployed. Central banks responded with unprecedented interventions, just to keep their economies on life-support. For the first time since the second world war, the entire global economic system contracted. This book tells the story of that shutdown. We do not yet know how this story ends, or what new world we will find on the other side. In this fast-paced, compelling and at times shocking analysis, Adam Tooze surveys the wreckage, and looks at where we might be headed next. 'A seriously impressive book, both endlessly quotable and rigorously analytical' Oliver Bullough, The Guardian

Pandemic Economics applies economic theory to the Covid-19 era, exploring the micro and macro dimensions of the pre-pandemic, pandemic, and post-pandemic phases. Using core economic tools such as marginal analysis, cost-benefit analysis, and opportunity cost, this book explores the breadth of economic outcomes from the pandemic. It shows that a tradeoff between public health and economic health led to widespread problems, including virus infections and unemployment. Taking an international and comparative approach, the book shows that because countries implemented different economic policies, interventions, and timelines during the crisis, outcomes varied with respect to the extent of recession, process of recovery, availability of medical equipment, public health, and additional waves of the virus. Pedagogical features are weaved throughout the text, including country case studies, key terms, suggested further reading, and discussion questions for solo or group study. On top of this, the book offers online supplements comprising PowerPoint slides, test questions, extra case studies, and an instructor guide. This textbook will be a valuable resource for advanced undergraduate and postgraduate courses on pandemic economics, macroeconomics, health economics, public policy, and related areas.

Originally published in 1980, this book gives a concrete description of the development of Scottish companies and Scottish capital through the 20th Century, based on empirical study. The study begins with the major companies of 1904-5 and examines their history and subsequent development. The top companies in a number of periods are also examined and the study concludes with an investigation of the major companies of 1973-4 and their response to the (then) recent oil developments. The book uses both detailed company histories and broad historical interpretations as sources drawing the data together into chronologically ordered sections. Its focus is on the companies and people which make up the system of Scottish capital, seen as a relatively distinct system with its own characteristics and its own pattern of development within the British system.

The ideas behind economic democracy and financial participation are not new; the International Congress on Profit-sharing first met in Paris in 1889. The practical objective of many profit-sharing schemes was increased labour management co-operation. Some also had an ideal objective - the resolution of a perceived contradiction between concentrated wealth and power and the democratic ideal. In "Economic Democracy and Financial Participation", Daryl D'Art has two objectives. Firstly, to examine if, and under what conditions, profit-sharing schemes and employee shareholding can motivate workers and generate cooperative striving. Secondly, he identifies the schemes of financial participation which have the potential to realise economic democracy within the individual firm and society at large. To fulfill these objectives the author draws on the results of research carried out in the USA, Sweden, Denmark and Ireland. By making a comparative international study he contrasts an individualist approach to economic democracy with a collective approach. This book should be of interest to undergraduates and academics of economics, management, organizational behaviour, industrial relations, bu

Originally published in 1965, this book subjected the economic performance of Scotland to close examination. The progress of the Scottish economy from 1951 to 1960 was assessed in quantitative terms and estimates provided of Scottish gross domestic product, income from employment, gross profits and other economic statistics. Chapters are devoted to output and investment in manufacturing in industry and to personal income and expenditure. The results showed the extent to which the Scottish economy lagged behind the rest of the UK, especially during the latter part of the decade.

The book is the first profound book about one of the most successful food retailers in the world: ALDI. The management system and key success factors are described and explained in great detail.

This unique and comprehensive study provides the English-speaking reader with the opportunity to hear what some of Japan's leading social scientists and other commentators have to say about the internationalization of their country and its impact overseas. As the global community's demands on Japan call for a greater Japanese contribution to international society and for changes in Japan to facilitate foreign access, the topic of internationalization takes on even greater significance.
The contributors examine internationalization from a variety of perspectives, and place it into its political, economic and social contexts. Topics of special interest include the internationalization of Japanese capital, the response of Japanese society to foreign workers, local level initiatives, and the internationalization of education. In addition to the group of highly regarded Japanese scholars who have contributed to this volume, two leading political scientists from the United States and Britain discuss the experience of Japan as it compares to their countries of origin.
"The Internationalisation" "of Japan" will appeal to students and scholars of Japanese affairs, and to political scientists and specialists in international affairs who are interested in the rise and fall of great powers.

Europe is in a troubled state. The macroeconomic situation looks grim, national governments are close to dysfunction, and Europeans are facing austerity and relative decline. The one bright spot on the horizon is the potential for positive action at the level of the city and urban regions. In this book, the editors have assembled a collection of original contributions by scholars from Europe, North America and Asia who offer insights as to how local authorities in Europe might be able to chart a course for their city or urban region during this period of extraordinary difficulty. The volume begins with an Introduction, followed by a set of three papers in Part Two examining European urban competitiveness from the standpoints of measurement and policy. This section also provides a case study of the cities of one country - Italy - from which the reader can gain an understanding of the current position of European cities as well as what might be possible going forward. Experience has shown that perhaps the most crucial element in competitiveness enhancement is good and effective governance. To that end, Part Three examines structural aspects of urban government, including polycentric regions, wide metropolitan cooperation, the role of social actors and territorial aggregation. Part Four treats issues of innovation from two perspectives and provides a case study from Eindhoven, while also covering social issues such as demographics, participation, social exclusion and mobility. This set of scholarly reflections will be of considerable benefit to urban practitioners, researchers and students of public policy. Contributors: P. Canonico, C. Donolo, G. Hirsch, M.P. Iacono, D. Ietri, J.-L. Klein, P.K. Kresl, W.F. Lever, E. Mastropietro, D.J. Maurrasse, R. Mercurio, S. Micelli, S. Mollica, P. Ni, A.H.J. Otgaar, J. Shen, J. Sobrino, D.-G. Tremblay, L. van den Berg

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Between Brexit, efforts to 'Make America great again' and ongoing appeals for patriotic consumption to boost economies, the intersection between national identity, marketing campaigns, and consumer choices has been brought to the fore. This book maps out this terrain and provides a framework for how research on 'Made in' campaigns and programmes in individual countries can be placed into a broader historical context. The book argues that the history of 'Made in' can be used to shed light on society at large: the actors that have promoted it, the institutions that have regulated it, and the cultural environments that have attributed it meaning. At times 'Made in' has been a basic, descriptive trademark while, in other periods, it has been a key component of carefully developed commercial brands, and in yet other instances it has been used in attempts to forge and redefine national identities. The book opens with an introduction to the three key factors which have featured prominently in 'Made in' campaigns - commercial logic, national economic policy, and it's use as an instrument in political discourse - and an overview of the evolution of 'Made in' from a marketing perspective. This is followed by country-specific discussions of 'Made in' through case studies including countries in Western Europe, US, Japan and the antipodes. This book will be of significant interest to students and scholars of economic history, business history and marketing.

Government policies to reduce environmental pollution and global warming are often criticized as damaging to the economy, particularly by reducing international competitiveness. This book addresses the issue by examining many of the policies concerned, and their effects on competitiveness. It demonstrates that well-designed, market-oriented environmental policies may be expected to improve both domestic and international competitiveness. The authors dismiss the fear that environmental policies will damage competitiveness by approaching the issue from four different perspectives: the economic analysis of competitiveness; a geo-economic approach to trade and foreign investment between Europe, NAFTA and Southeast Asia; studies of the effects of environmental policies on competitiveness; and the formal modelling of carbon taxation, international competitiveness and carbon leakage. The book also includes results from a global econometric model on the potential for carbon leakage, a detailed case study of German national policies, an examination of life cycle analysis and competitiveness, and an empirical study of green product development. This book will be of great interest to academics working in the field of environmental economics and researchers involved in environmental policy.

What is the current state of rela tions between the United States and the Republic of China on Tai wan and how might they be im proved? These were the broad questions addressed at a confer ence co-sponsored by the Clare mont Institute's Asian Studies Center and the Institute of Interna tional Relations in Los Angeles in 1989. This volume, which brings together the papers presented by American and Chinese scholars, diplomats, and businessmen, con siders the current international status of the Republic of China and its economic and strategic partner ship with the United States.

This book analyses the paradoxes of Pakistan's economy, meritocratic domestic policy and the role of the state and civil society. It argues that the transition in the county's foreign policy from geo-politics to geo-economic depends on a fundamental domestic policy transition from kleptocracy to meritocracy. Civil Society and Pakistan's Economy discusses how the prevalence of rent seeking practices has undermined merit-based practices by increasing the cost of doing business and converting public loss into private profit by awarding inappropriate subsidies and imposing regressive taxes. The analyses are supported by describing the instruments and mechanisms used for rent seeking practices and the creation of public awareness of options available to change these practices through citizen's action and civil society engagement. The book also shows the path of transformation and the role of participation and argues that aspiring for and capturing power is not the only way to transform Pakistan. A novel analysis depicting macro-micro linkages of encroachment of socio-economic space by the power elites and effective strategies used for its reappropriation by the people, the book will be of interest to academics researching South Asian Studies, in particular South Asian economics and politics.