Economic globalization is a complex phenomenon where the links between social security expenditures and globalization are not well understood so far. This study summarizes new key findings and highlights new theoretical insights in the field of social security systems, labor standards, taxation and economic globalization. Moreover, new thoughts on the links between social security systems and migration as well as between free trade areas and social market economy development are presented. The book analyzes the role of a changing age dependency using a Branson model and it derives implications for the stock market price index, the exchange rate and the interest rate. Economic globalization needs to be politically managed and through the Transatlantic Banking Crisis and the Euro Crisis the need to more carefully draw the rules of the game for financial globalization has been highlighted. Unstable financial markets have a large potential to undermine social market economies and social security systems. The rising income inequalities within countries raise more policy challenges for Europe than for the US.

The study deals with challenging questions of long-term future of global economy and the mankind. Focusing not only on what happens in the economic sphere but also on cultural, social, political, demographic, technological, and ecological processes. It employs a holistic approach to answer fundamental questions about the course of the future.

The Yearbook on Space Policy, edited by the European Space Policy Institute (ESPI), is the reference publication analysing space policy developments. Each year it presents issues and trends in space policy and the space sector as a whole. Its scope is global and its perspective is European. The Yearbook also links space policy with other policy areas. It highlights specific events and issues, and provides useful insights, data and information on space activities. The first part of the Yearbook sets out a comprehensive overview of the economic, political, technological and institutional trends that have affected space activities. The second part of the Yearbook offers a more analytical perspective on the yearly ESPI theme and consists of external contributions written by professionals with diverse backgrounds and areas of expertise. The third part of the Yearbook carries forward the character of the Yearbook as an archive of space activities. The Yearbook is designed for government decision-makers and agencies, industry professionals, as well as the service sectors, researchers and scientists and the interested public.

Grounding its analysis in the historical evolution of financial regulation, this book addresses a range of public policy issues that concern the design of financial regulation and its enforcement, and contributes several new ideas to the debate in this field. Financial systems have become more competitive across sectors of financial institutions and nations, and direct regulations have been removed in pursuit of efficiency. However, as the risk of institutional failures has increased, de-regulation has had to be followed by re-regulation. In which form should this happen? This book answers this question. First revisiting the issue of "why to regulate", Padoa-Schioppa argues that the need to continue to regulate banks in a special way follows from their key role as liquidity providers. At the same time, his argument recognizes the need for close interplay in the regulation of different financial sectors. The book goes on to discuss "how" regulation should be carried out in the modern environment. It should be market-friendly, but the balance between official intervention and market discipline is difficult to get right. Moreover, in an increasingly international context, financial regulation has to be evenly applied across countries to avoid regulatory arbitrage. The final part of the book turns to issues specifically connected with developments in the European Union. One major issue is the maintenance of financial stability in the Euro area where the financial system is becoming especially integrated. Another major issue is the appropriate role of central banks. As the literature and practice are still very much under development, Padoa-Schioppa analyses the general aspects of the financial stability function of central banks - particularly in relation to the monetary policy and supervision functions - as well as the tools available for the Eurosystem.

Whether post-modern or pre-industrial, the economic development of societies around the world is often influenced by the whims of a capricious international political environment. Globalization and Governance in the International Political Economy investigates the impact of diverse cultures on the development and actualization of global economic entities, exploring advanced methods and best practices for the effective utilization and management of financial organizations within a globalized political context. This essential reference provides readers in both political and economic fields with insights into the challenges and opportunities posed by the political economy.

This book compares the cross-border integration of infrastructures in Europe such as post, telecommunication and transportation in the 19th century and the period following the Second World War. In addition to providing a unique perspective on the development of cross-border infrastructures and the international regimes regulating them, it offers the first systematic comparison of a variety of infrastructure sectors, identifies general developmental trends and supplies theoretical explanations. In this regard, integration is defined as international standardization, network building and the establishment of international organizations to regulate cross-border infrastructures.

While most of the popular and academic debates explore ideas of globalization, "The Transnational Capitalist Class" goes one step further and provides theoretically informed empirical research to explain and deconstruct the process of globalization as seen by the corporations themselves.

Using personal interviews with executives and managers from over eighty Fortune Global 500 corporations, as well as already published sources, Sklair demonstrates how globalization works from the perspective of those who control and oppose the major globalizing corporations and their allies in government and the media.

The book explores two major crises of globalization - class polarization and ecological sustainability - and shows how the transnational capitalist class attempts to resolve these crises and evaluates its own success and failure. Sklair's unique approach brings a fresh perspective to what has become a key debate of our time.

This thought-provoking monograph analyzes long- medium- and short-term global cycles of prosperity, recession, and depression, plotting them against centuries of important world events. Major research on economic and political cycles is integrated to clarify evolving relationships between the global center and its periphery as well as current worldwide economic upheavals and potential future developments. Central to this survey are successive waves of industrial and, later, technological and cybernetic progress, leading to the current era of globalization and the changes of the roles of both Western powers and former minors players, however that will lead to the formation of the world order without a hegemon. Additionally, the authors predict what they term the Great Convergence, the lessening of inequities between the global core and the rest of the world, including the wealth gap between First and Third World nations. Among the topics in this ambitious volume: * Why politics is often omitted from economic analysis. * Why economic cycles are crucial to understanding the modern geopolitical landscape. * How the aging of the developed world will affect world technological and economic future.< * The evolving technological forecast for Global North and South. * Where the U.S. is likely to stand on the future world stage. Economic Cycles, Crises, and the Global Periphery will inspire discussion and debate among sociologists, global economists, demographers, global historians, and futurologists. This expert knowledge is necessary for further research, proactive response, and preparedness for a new age of sociopolitical change.

Global warming reveals that world energy consumption is on an unsustainable path. This updated second edition of The New Energy Crisis examines the impact of climate change on energy economics and geopolitics, exploring key issues such as energy poverty, renewable and nuclear energy, and focusing on the implications of the Fukushima crisis.

Using the framework of critical international political economy, the contributors challenge the long held views about the ways natural resources shape political and economic outcomes. They examine how the specific features of the resource sector creates particular dynamics of policy change, and therefore, the range of development options for the Global South move beyond adopting unregulated, open extractive markets. In so doing, they explore the extent to which neoliberalism as a global political project has both constrained and opened opportunities for economic development in the global South. The volume engages with development theory and political economy literature by exploring the ideational construction, implementation, and subsequent recalibration of mining reforms in the last three decades across Africa, Asia, and Latin America.

The resurgence of regionalism is borne out of the current political logjams that have characterized the governance and operations of multilateral trading system over the past one decade and a half. Oloruntoba critically examines Euro-Nigeria relations within the context of the Economic Partnership Agreements in terms of the political and economic implications of the agreements on Nigeria's non-oil exports sub-sectors. Set within one of the main objectives of the Economic Partnership Agreements, he also interrogates the prospects and challenges of regional integration in Africa under the regime of transnational accumulation, which the Economic Partnership Agreements represents.

India is one of the fastest growing countries in the world. However, high economic growth is accompanied by social stratification and widening economic disparity between states. This book illustrates some important aspects of underdevelopment and the process by which the underclass is left behind by focusing on the country's most neglected regions.

This book focuses on the economic and political relationships between Russia and Europe, which are currently characterized by the existence and escalation of contradictions. On the one hand, the common history and geographical proximity of Russia and Europe have naturally produced a close interdependence; on the other, current global political affairs and opposing positions continue to hinder the development of common economic relationships in Russia and Europe. This contributed volume describes integration processes in Russia and Europe to illustrate best practice examples and demonstrates how both parties have increasingly come to understand the importance of international cooperation, highlighting economic, legal, philosophical, political and sociological aspects.

How can America and Europe regain strength and prosperity and prevent another Great War? After two centuries of ascent, the United States finds itself in economic decline. Some advise America to cure its woes alone. But the road to isolation leads inevitably to the end of U.S. leadership in the international system, warns Richard Rosecrance in this bold and novel book. Instead, Rosecrance calls for the United States to join forces with the European Union and create a transatlantic economic union. Such a U.S.-Europe community would unblock arteries of trade and investment, rejuvenate the West, and enable Western countries to deal with East Asian challenges from a position of unity and economic strength. Exploring the possibilities for such a merger, the author writes, "The European Union offers a means of creating larger units without recourse to force. A connection between Europe and North America could eventually grow into an agglomeration of states, drawing China and the East into a new network of countries. In this way East will eventually join the West." Through this great merger the author offers a positive vision of the future in which members of a tightly knit Western alliance regain economic health and attract Eastern nations to join a new and worldwide international order.

Although mathematicians have known about complex numbers as solutions to equations since the seventeenth century, the numbers had few applications until the twentieth century. Today, their applications include mobile phones, satellite navigation, imaging techniques (MRI, PET), and circuit design in computers. Until recently, however, there were few applications of complex numbers to finance. This situation has changed.Multiple Interest Rate Analysis is the study of all interest rates solving the time value of money equation - not only the orthodox rates of conventional economics, but also the unorthodox rates that are complex-valued. The unorthodox rates are employed to convert conventional financial equations containing a single interest rate into 'dual' expressions containing every rate. These dual expressions solve long-standing puzzles and lead to revised conclusions about best practice and sound policy advice in various areas of financial economics, including loan finance, investment appraisal, bond risk management, and capital theory.

The first systematic analysis of why Britain and France parted company on the issue of European monetary integration. Ikemoto reveals that Britain was much keener to participate in the early stages of monetary integration than previously thought; Britain and France pursued broadly similar policies on the issue until the end of the 1970s.

This book offers insight into the motives behind Moscow's behaviour in the Persian Gulf (with a specific focus on the GCC member states and Iran), considering Russia's growing role in the Middle East and its desire to protect national interests using a wide range of means. The book explores the drivers and motivations of the Russian foreign policy in the Gulf region, thus, helping the audience to generate informed prognosis about Moscow's moves in this area over the next years. In contrast to most studies of Russia's presence in the region, this book considers the Russian involvement in the Gulf from two standpoints - the Russian and foreign. The idea of the book is to take several key problems of Moscow's presence in the Gulf, each of these to be covered by two authors-Russian and non-Russian scholars, in order to offer the readers alternative visions of Moscow's policies towards Iran and the GCC countries

Most of the established theories of economics, particularly of international trade, became obsolete in the new world trade and production architecture. How, in these new circumstances, will host nations organize their economic resources? This book analyzes some prominent countries in the world to examine the issue.

This book addresses a number of vital economic convergence issues in the European Union. These are both general and specific issues relating to financial and monetary matters as well as social and labour market concerns. The book opens with a discussion of problems of a general nature. Questions posed include: What is the convergence record in the EU so far? Is there a sign of Baumol and Quah's 'convergence clubs' and 'twin peaks'? Have the 'structural funds' of the European Commission made any difference? The authors then analyse questions of a fiscal and monetary nature: Can we expect the monetary policy of the ECB to have similar effects in the EMU member-states, or is it in itself a source of asymmetric shocks? Has EU membership made any difference, with respect to the initial differences in tax revenue structures? Finally the book focuses on questions regarding social and labour markets: Is global economic convergence compatible with sustainable differences in national social protection levels? Does European globalisation force labour markets to 'de-institutionalise' and do European labour markets converge to a 'Third Way' model? Academics and researchers of European studies and economic policy will find this up-to-date book of great interest, as will policymakers and business leaders both affected by and from within the EU.

This book is a collection of working papers, policy briefs and training modules, published by the International Poverty Centre in Brazil, which provides a comprehensives set of recommendations for alternative economic policies that can generate growth, employment and poverty reduction in developing countries.

The third volume in Greenwood's Handbook of Comparative Economic Policies, this volume provides an overview and comparison of monetary policies in the United States and the world's leading industrial, or G-7, countries. Although monetary policy is one of the most powerful and frequently used means of combating inflation and unemployment and of promoting long-term economic growth, there are many unresolved questions pertaining to the theory and practice of monetary policy. Moreover, in a world becoming increasingly interdependent, monetary policies in each industrial country have significant repercussions in other countries. This handbook is the only in-depth, up-to-date book providing an exhaustive comparative overview of the theory and practice of monetary policy in developed economies. Following an introduction written by the editors, the volume is divided into three parts. Part I, encompassing 5 chapters, covers the major issues in the theory and practice of monetary policy, including monetary policy and the money supply process, monetary policy and economic activity, monetary policy and inflation, monetary policy and regulation, and monetary policy and bank regulation. Part II, comprised of two chapters, deals with monetary policy in the United States, and part III includes chapters examining monetary policy in each of the other G-7 countries. A final chapter discusses monetary policy coordination in the European Monetary System. The chapters are written by well-known experts in the field of monetary economics. Chapter references and a selected bibliography identify the most important sources of additional information. The work concludes with a selected bibliography and an index.

Since the 2007 financial crisis, discussion on issues related to the size, spread and frequency of financial crises has captivated a wide variety of audiences. Why has the world economy experienced such a marked increase in financial transactions and private and public indebtedness since the 1980s? How have middle-income developing countries suddenly become a part of this dynamic? And, most importantly, how has the topic of financial crises been featured in households' daily discussions in both developed and developing parts of the world? Domna Michailidou addresses the questions above through exploring the inexorable evolution of financialisation into financial crisis through the examination of three middle-income countries: Mexico, Brazil and South Korea. Concentrating on emerging economies, and especially choosing three very different economies that all experienced financial crises in the 1990s, this book explores what lessons can be learnt regarding financial fragility, volatility and failure in the wake of capital market liberalisation.

This volume explores the theoretical value of applying rational choice theory to questions of regional integration. As with other questions of conflict and cooperation in the field of international politics, studies of European integration are divided largely between the realist and liberalist perspectives. Yet neither of these schools of thought aptly explains the dynamics characterizing this process, that is, the major advances in regional integration and the long periods of paralysis. The contributions in this volume work their way from the most general questions and macro-processes down to particular policy problems of the European Union and the micro-foundations of interstate cooperation. The work will be of interest to scholars and policymakers in international relations, international economics, and European studies.

This volume explores why Americans are among the least likely in the world to speak another language and how this U.S. foreign language deficit negatively impacts national and economic security, business and career prospects. Stein-Smith exposes how individuals are disadvantaged through their inability to effectively navigate the global workplace and multicultural communities, how their career options are limited by the foreign language deficit, and even how their ability to enjoy travel abroad and cultural pursuits is diminished. Through exploring the impact of the U.S. foreign language deficit, the author speaks to the stakeholders and partners in the campaign for foreign languages, offering guidance on what can and should be done to address it. She examines the next steps needed to develop specific career pathways that will meet the current and future needs of government, business, and industry, and empower foreign language learners through curriculum and career preparation.

This book provides a study on the impact of Brexit on international competitiveness and in doing so, presents a theoretical account of regional disintegration. In recent decades, the theory of regional economic integration has expanded following growing integration processes taking place not only in Europe, but in other continents too. The result of the EU Referendum in the United Kingdom on 23 June 2016 revealed that regional integration does not have to be a one-way process as was perceived for many years. Despite well-developed models of economic integration within economic theory, there still lacks an analytical explanation of the mechanics of disintegration. For many years, integration was commonly perceived as a beneficial process, and while disintegration is not desirable, this led to normative bias in the research on regional integration. This book, therefore, makes an important contribution to theoretical and empirical developments of regional economic disintegration.