The fallout from the crisis in Asia has been immense. Asia's position as the global economy's growth engine is now no longer tenable. As the political and economic regimes that defined "Asian capitalism" struggle to survive, it is by no means clear that free markets, transparent and accountable systems of governance and more vigorous civil societies will follow. The contributors to this book argue that processes of globalization are driven by complex political forces and that it is not enough to look at economic factors in isolation. Chapters focus on the different political and market institutions being forged in the wake of the crisis: from the highly ordered responses of China and Singapore to the chaos and disintergration in Indonesia; from the money politics of Thailand to the developmentalist juggernauts of Korea. They put the crisis in its global context, reassessing its impact on the configurations of power and interest shaping global markets and analyzing the major Western economies.

Contents:
1. Editorial introduction A. W. Bob Coates 2. Economics in mid-Atlantic: British economics 1945-95 Roger E. Backhouse, University of Birmingham, UK 3. The Post-1945 development of economics and economists in Sweden Bo Sandelin and Ann Veiderpass, both at University of Gothenburg, Sweden and Nikias Sarafoglou, Mid-Sweden University 4. Postwar Dutch Economics Henk W. Plasmeijer and Evert Schoorl, University of Groningen, The Netherlands 5. The post 1945 development of economics in Belgium Ivo Maes, Erik Buyst and Muriel Bouchet, National Bank of Belgium, Brussels, Belgium 6. The 1945 development of economics in Germany Harald Hagemann, Universitat Hohenheim, Stuttgart, Germany 7. Economics in France: A Manifold system Christian Schmidt, Paris, France 8. Europe, and the post-1945 internationalization of political economy - the case of Italy Pier Luigi Porta, Universite Degli Studi di Milano, Milan, Italy 9. The advent of modern economics in Portugal Carlos Bastien, ISEG, Lisbon, Portugal 10. The development of economic studies and research in Spain (1939-1995) Salvador Almenar, Universitat de Valencia, Spain 11. Institutional constraints and the internationalization of economics: the case of Greece Michael Psalidopoulos, Panteion University, Athens, Greece 12. Concluding reflections A. W. Bob Coates

Transnational commons, cross-border areas without well-defined property rights, have long been ignored in 'official' development economics. This volume redresses the balance by adopting an environmental approach which stresses the importance of shared natural resources and the links between acute poverty and environmental degradation. The Economics of Transnational Commons draws together eminent contributors from fields as diverse as law, population studies, social anthropology, biological sciences, and economics, to present authoritative accounts that combine empirical case-studies with rigorous theoretical foundations. Despite the milti-disciplinary approach, the main focus of the articles is the same: that the reciprocal externalities and problems of free-riding created by any common resource are complicated in the case of transnational commons by difficulties in monitoring, enforcement, and unequal access to information. Often using theories of negotiation taken from game theory, the studies then suggest possible solutions, both at an institutional and educational level. In order to make these materials suitable for teaching purposes, the authors have been encouraged to survey their topics rather than present their most recent findings. A companion publication, The Environment and Emerging Development Issues Volumes 1-11 (edited by Dasgupta and Mahler), deals with national environmental issues.

Peter Burnham presents a detailed, archive-based account of the keys aspects of international monetary relations in the 1950s focusing in particular on Anglo-American policy surrounding the restoration of sterling convertibility. He argues that in 1952 the British government had a unique opportunity to take an almost revolutionary step in the external field to transform the international political economy (through the abolition of the fixed rate system, the International Monetary Fund, and the European Payments Union) and restructure Britain's domestic economy to tackle longstanding productivity, export and labour market problems.

What can Keynesian economics mean in the 21st century? Do globalization, inflationary pressures and supply-side constraints make managing demand in a domestic economy impossible? Or could its use to tackle unemployment be put back on the political agenda? These essays examine the potential relevance of Keynesian policies for Europe, America, the developing world and the global economy. There is no common definition, but Keynesianism is throughout seen as more than demand management, with policy proposals to promote investment, strengthen the supply-side and reduce uncertainty.

The World Bank is the key institution through which rich nations channel resources to poorer ones. Yet it was established over 50 years ago in a radically different international environment, and constantly re-invented itself in the intervening decades. What drives this evolution? This text considers the nature of change at the World Bank, exploring both the external impetous for change, and the impact of the Bank's internal organization and culture. The author's findings are supported by case studies of three of the Bank's most important new agendas: private sector development, participation, and governance. Michelle Miller-Adams finds that traditional international-relations based approaches, which focus on states and power, are inadequate for explaining institutional change at the World Bank. Attention must be paid to the Bank's internal processes, especially the technical and apolitical norms that form an intrinsic part of its identity. This identity, which dates from the Bank's earliest days, continues to shape its response to new demands and affect its ability to meet the needs of a changing world.

It is said that a little knowledge is a dangerous thing. It is a time honored cautionary statement that has suddenly acquired a new urgency. A little knowledge is dangerous, because as a force for dramatic change, knowledge today is revolutionary. More is known and being learned everyday than was ever known or learned before. As a direct result, the pace of change-and that means change in the sense of everything from business to economics, science, medicine, and politics-is beginning to accelerate much more rapidly than ever before in mankind's history.
The purpose of this book then is twofold. First it is to provide a broader case for action for knowledge management-to explain what it is, why it has come about and why it is important. In this regard, we take a step back and try to understand the root causes behind the knowledge management techniques are very different, and in many ways more important, than the sort of process or productivity improvement techniques we have dealt with before.
"Brains, not brawn. The success of countries, companies and people in the next century will depend on what they know and how clever they are at using this knowledge. Dale Neef has given us the best outline yet of the forces behind this extraordinary change in the world economy, the threats and opportunities we all face, and the prizes that await the winners."
-Hamish McRae, author, The World in 2020, Associate editor, "The Independent," London
"Dale Neef has produced a singular achievement: a book which lucidly
explains the powerful driving role being played by knowledge in the emerging global economy. He provides a penetrating, all-too-rare trans-national perspective whichhighlights in a highly readable manner the historical, social and technological context within which this revolution is taking place. In doing so, he has stripped away the hype and jargon with which many knowledge management "experts" have clouded this structural change in the global economy.
Mr. Neef offers a fascinating array of facts to support his explanations and goes on to discuss the implications of these developments for managers, for companies and for national governments. This book is a must-read for anyone actively engaged in global business today."
-Jon Lowe, Former U.S. Deputy Assistant Secretary of Labor
"A Little Knowledge Is a Dangerous Thing provides a very comprehensive view of the impact that the knowledge revolution on our 21st Century society. The economic dislocations that Dale Neef describes are already taking place, creating the prospect that large segments of our population may not have the skills for sustainable employment in the future. The implications of these events on the social and political fabric of our country give one great pause for reflection and concern."
-William R. Brody, President, The Johns Hopkins University
"Once again, Dale Neef combines just the right amounts of theory, academia and practical business experience to write a truly insightful book. In his consulting work, Mr. Neef's broad business, cultural and educational background has allowed him to analyze problems from a rich variety of perspectives. In this book, he artfully applies this skill to Knowledge Management."
-James R. Breakey, Senior Vice President, Chief Information Officer, Green Tree Financial Corporation
"This book is full of facts... that we needto understand if we are to draw critical conclusions about how the knowledge economy is impacting our businesses and our lives. Neef provides us with a broad perspective, concentrating not just on the US, but including insightful comparisons with Canada and Europe as well as many developing countries. The numbers provide an eye opening look at what has changed and what is changing in the knowledge economy...It is a book that challenges our thinking and ...provides a much needed conceptual framework to guide the actions organizations will need to take in the knowledge economy."
-Nancy M. Dixon, Associate Professor of Administrative Sciences, The George Washington University
"Leveraging employee knowledge has become a strategic necessity for all "high road" companies, and organizations must optimize knowledge management techniques in the new global economy. Ford understands the need to capitalize on the knowledge of our employees in order to improve our business and enhance shareholder value in what is now a knowledge-based, global economy."
-Dar Wolford, Ford Manager, Best Practice Replication
- Marries international knowledge management and economics
- Provides a broader business case for action based on clearly defined collective set of policies and practices
- The only book we know that explains the cause and effect relationship between the global knowledge-based economy and knowledge management

This is a study of the long-run evolution of the relationship between China and the world economy. The book presents an original interpretation of the country's socio-economic processes in the past 150 years, focusing on China's interaction with the expanding capitalist world economy. The author argues that the general thrust of China's quest for development or modernization has been to catch up with the wealthy nations of the West, and goes on to explain the changing paths and outcomes.

Globalization has, within academic, political, and business circles alike, become the buzz-word of the 1990s, conjuring an ever growing diversity of associations, connotations, and attendant mythologies. In this volume a distinguished array of international academics assess the contribution of the globalization thesis to our understanding of social, political, and economic change in contemporary societies. They explore many of the exaggerated and overgeneralized claims made about globalization.

This book is about law, but it is not a law book. It is aimed at all interested contemporaries, lawyers and non-lawyers alike. Richly seasoned with personal memories and anecdotes, it offers unique insights into how European courts actually work. It is generally assumed that independence is part and parcel of the role and function of a judge. Nevertheless, European judges sometimes face difficulties in this regard. Owing to their being nominated by a government, their limited term of appointment, and the possibility of being reappointed or not, their judicial independence can be jeopardized. Certain governments have a track record of choosing candidates who they believe they can keep on a leash. When this happens, private parties are at risk of losing out. The EFTA Court is under even more pressure, since the EEA/EFTA states Iceland, Liechtenstein and Norway essentially constitute a pond with one big fish (Norway) and two minnows. For quite some time now, certain Norwegian protagonists have sought to effectively transform the EEA into a bilateral agreement with the EU. This attitude has led to political implications that have affected the author himself. The independence of the EFTA Court is also endangered by the fact that it operates alongside a large sister court, the Court of Justice of the European Union. And yet the EFTA Court has established its own line of jurisprudence and its own judicial style. It has remained faithful to specific EFTA values, such as the belief in free trade and open markets, efficiency, and a modern view of mankind. During the first 24 years of its existence, it has even had an over-proportionate influence on ECJ case law. Since EEA Single Market law is economic law, the importance of economics, an often-overlooked aspect, is also addressed. In closing, the book explores Switzerland's complicated relationship with, and Britain's impending departure from, the EU. In this regard, it argues that the EFTA pillar should be expanded into a second European structure under British leadership and with Swiss participation.

Some of the trades covered in the book are well known but most are only known to a small group or to market specialists. The ability to 'see into' actual trades offers a fascinating and unprecedented insight for those interested in the oil markets and gives the book broad appeal. The book can be used as an educational reference work by market participants and as a more general guide to how the crude oil market operates and the strategies that traders employ. There are very academic books about the theory of trading but nothing that directly covers real-life examples of innovative and winning trades, each of which illuminate a different aspect of trading or a different era in the oil markets. The presentation of each individual trade has been designed so that they can be used as case studies by business schools.

This up-to-date study of the contribution of women and men to changing European economic activity patterns, covers 15 members states. Based on the work of the European Commission's network of experts on women's employment, it draws on both national and European data sources. The book links trends in the structures of employment with new comparative data on the role of systems of welfare provision in order to explore economic activity patterns by gender. Participation patterns of women still vary widely within Europe, so much attention is paid to the institutions - both in the labour market and welfare - which help to explain these variations. The apparently contradictory tendency for women's employment and unemployment to rise is analyzed, taking into account changes in industrial/occupational structure and trends at the European, national and regional level. Many countries continue to pursue inconsistent and discriminatory labour market policies; many still base welfare policies on the nation of a single male breadwinner family. This text considers how such policies affect women as workers.

The book describes the practical process of economic growth both in developed and less developed countries, and presents a unified theory of growth from the earliest stages to the most advanced. Central to the theory is the structural transformation which is associated with the growth process. This structural transformation is used to explain the logistic pattern that economic growth has followed in the real world. Within this logistic pattern, growth performance is explained both in terms of supply factors and demand factors, and the interaction between them. The influence of inflation and income distribution on economic growth is also discussed.

Will "making a living" remain a dream for the deprived and excluded? Jobs are one of Europe's most important problems. Employment provides the basic means of distributing wealth in society, in providing for families, and ensuring pensions for the elderly. Yet unemployment, and increasingly "non-employment", continues at near record levels in the European Union. This text shows how the culture of work has been transformed in the industrialized nations of the EU. Exploring the relationship between employment change, society and economic restructuring, the shift toward "flexible" work for women in services, away from traditional industrial jobs for men, is demonstrated within three key sectors - business services, retailing and tourism. The outcome of change is discussed in terms of shifts of people and jobs from urban to rural areas. Europe must be understood in the context of the new Europe, of change in the USA and of global change. Drawing on examples from UK and European regions and USA, the author challenges long-standing assumptions about changes in economy and society and highlights the need for stronger local and European policies to reduce inequality at large and contribute

Will "making a living" remain a dream for the deprived and excluded? Jobs are one of Europe's most important problems. Employment provides the basic means of distributing wealth in society, in providing for families, and ensuring pensions for the elderly. Yet unemployment, and increasingly "non-employment", continues at near record levels in the European Union. This text shows how the culture of work has been transformed in the industrialized nations of the EU. Exploring the relationship between employment change, society and economic restructuring, the shift toward "flexible" work for women in services, away from traditional industrial jobs for men, is demonstrated within three key sectors - business services, retailing and tourism. The outcome of change is discussed in terms of shifts of people and jobs from urban to rural areas. Europe must be understood in the context of the new Europe, of change in the USA and of global change. Drawing on examples from UK and European regions and USA, the author challenges long-standing assumptions about changes in economy and society and highlights the need for stronger local and European policies to reduce inequality at large and contribute

Based on new archival research, this is the first comprehensive study of the failure of international co-operation to combat the Great Depression. The book explores the impact of protectionism, reparations and war debts, as well as the more well known disagreements on monetary issues which, together, helped to prolong the most profound economic depression of the twentieth century. The economic and diplomatic lessons drawn from this period by the major powers - particularly German intelligence as to the deep divisions in Anglo-American economic relations - also provide an important contribution to understanding the origins of the Second World War and the diplomatic and economic order created in its aftermath.

In an era of rapid and extensive economic reform, what is the appropriate role for fiscal policy? Is there a residual role of government after socialism and dirigisme? Following Macroeconomic Dimensions of Public Finance, this is the second volume of essays in honour of Vito Tanzi. It focuses on the importance of fiscal policy on the wholesale economic reforms that are sweeping the advanced, less developed and formerly communist countries. Issues analysed include: the role of fiscal and budgetary policies in the process of reform; the impact of privatization on the exchequer and the dilemmas for social policy in times of fiscal austerity; the paradox of post-socialism and post-dirigisme that an efficient and harmonic move to a decontrolled, liberal market economy involves active state intervention; and the methodological aspects relating to the proper assessment of selected fiscal policy mechanisms. This collection of essays will contribute to understanding the channels and transmission mechanisms of fiscal policies in the context of major economic reforms.

Series Information:
European Institute of Japanese Studies East Asian Economics and Business

This book brings into sharp focus the problems of development under conditions of structural adjustment and their relation to democratic change in Africa. Contributors to this volume are interested in specific countries such as Kenya, Sierra Leone, Nigeria, etc., but do bring to bear a rigorous comparative method which uses a political economy approach to the study of democracy, gender, industrialization, agriculture and the state. Its comparative approach in revisionist political economy allows for issues such as the new international division of labor to become central to the analysis of the relationship between developed and underdeveloped countries.

The state-centric approach, although useful, may have missed important undercurrents in civil society. An analysis of development through the state's lenses has predominated the study of Africa. The approach by contributors in this volume is equally interested in the state but is also concerned with non-state actors. This dynamic approach characterizes few texts on Africa. This work should attract those who are concerned with African development, specifically, and international political economy in general.

In an era of globalization, private markets are expected to dominate the distribution of goods worldwide. Yet surprisingly little empirical work is conducted on them. The sensitive and secret nature of trading information, the complexity of real markets and the lack of official data other than that on price can all cause problems. This book seeks to overcome these in examining arguably the most difficult markets of all - agricultural markets under conditions of underdevelopment. Case-studies from nine countries covering all three underdeveloped continents offer a comprehensive overview of the lessons to be learnt from field experience.

Looking at all sides of the globalization debate, Suranovic analyzes how international economic policy is made and how it has become so controversial. He offers a solution to the debate between free trade/unregulated markets and the push for greater government involvement that is consistent with both economic efficiency and social justice.