Economic Lessons from the Transition focuses on major transitions in the 1990s: the transition from central planning and communism to market capitalism and the global integration of national financial systems. The transitions were supposed to raise most peoples' standard of living; instead they dramatically worsened the lives of most people in the countries involved. While most attempts to explain this failure focus on policies, the authors of this book argue that failure of economic theory to fully understand these transitions has led to bad policies that made the transitions unnecessarily painful and costly. The book suggests answers to the following questions: How should basic economic theory as taught in introductory economics courses be revised in light of the failure of market-oriented economics to effect a successful transition in so many former communist economies? Could the theory be revised and presented in a different manner? How can basic economic theory be used to help explain the past failures in understanding transition problems and to avoid future mistakes? This volume is a must read for all who teach economics or apply economics to the real world. The lessons in

Verico discusses the ASEAN economic integration from dual perspectives of time span (trade, investment and finance) and framework (bilateral, sub-regional, regional and regional plus). The work is a comprehensive study of the integration in the wake of the ASEAN Economic Community (AEC)'s inauguration in late 2015. Examining various economic agreement levels from the ASEAN Free Trade Area (AFTA), Bilateral Free Trade Agreement (BFTA) and the AEC to financial integration in ASEAN, Verico attempts to envisage the future of ASEAN in completing its regional economic integration from trade to investment and finance. Verico argues that, in the absence of a customs union, ASEAN must utilize the open-regionalism frameworks of the ASEAN Plus One, ASEAN Plus Three, Regional Comprehensive Economic Partnership and others in order to shift its economic integration level in this way.

The formation and management of capital are among the central issues in economic growth, especially in 'under-developed' countries, and form the main theme in this volume. The societies examined vary widely, both geographically and also in terms of types of social and economic structures. First published in 1964.

A great classic of British anthropology, Primitive Polynesian Economy is structured as follows:
A Problems of Primitive Economics
A Food and Population in Tikopia
A Knowledge, Technique and Economic Lore
A The Labour Situation
A Ritual in Productive Activity
A Economic Functions of the Chiefs
A Property and Capital in Production
A Principles of Distribution and Payment
A Exchange and Value
A Characteristics of a Primitive Economy
First published in 1939."

Bridging a gap between macro- and micro- viewpoints, the work shows the ways in which an economy is socially and historically determined. Subsistence is shown to be not only a form of agriculture but a determinant economic organisation and particular attention is paid to the problem of understanding patterns of distribution and the constitution of the surplus in the peasant economy.
First published in 1978.

This book situates the evolution of the high growth economies along Asia's Pacific Rim after the Second World War within broader global political and economic changes. Specifically, it charts the growth of capitalist economies in the region throughout periodic crises and successive waves of restructuring, and links changes in the world economy to shifts in the domestic political economies of East and Southeast Asia. It suggests that the financial crisis of 1997-98 laid the basis for a new phase of regional economic integration in Pacific-Asia.
Key issues examined include:
* comparison of patterns of state intervention and industrial organization in individual countries
* history of US power in the region
* analysis of class and state-society relations
* how shifts in regional dynamics can effect changes in the world economy
Through this detailed analysis of regional economic growth and integration since 1945, "Capitalist Restructuring and the Pacific Rim" concludes that the continued accumulation of capital in East and Southeast Asia is undermining the material foundations of US power.
This comprehensive survey of the emergence of Asia's Pacific Rim will intrigue and inform scholars of Asian Studies, Sociology and Development Studies alike.

The whirlwind of financial globalization has descended upon emerging market economies and rapid change has brought both benefits and problems upon a dynamic group of nations.
This book examines the impact of ever increasing financial globalization on emerging market economies, both in the former communist countries of Eastern Europe and the developing world in general. This impressive volume covers themes and issues such as:
*global capital flows and financial liberalization
*global financial architecture
*financial and macroeconomic instability
Financial Globalization and the Emerging Market Economies will be of interest to students and academics in many areas including international economics, international finance and international political economy. It will also provide a useful source of information for those who work in the financial industry at large.

Economic Lessons from the Transition focuses on major transitions in the 1990s: the transition from central planning and communism to market capitalism and the global integration of national financial systems. The transitions were supposed to raise most peoples' standard of living; instead they dramatically worsened the lives of most people in the countries involved. While most attempts to explain this failure focus on policies, the authors of this book argue that failure of economic theory to fully understand these transitions has led to bad policies that made the transitions unnecessarily painful and costly. The book suggests answers to the following questions: How should basic economic theory as taught in introductory economics courses be revised in light of the failure of market-oriented economics to effect a successful transition in so many former communist economies? Could the theory be revised and presented in a different manner? How can basic economic theory be used to help explain the past failures in understanding transition problems and to avoid future mistakes? This volume is a "must read" for all who teach economics or apply economics to the real world.

Contents:
Part One: Theoretical Considerations
1. Stock Market Regulation and Institutional Change in Reform China
2. Investors, Bureaucrats and the Institutions of the Chinese State
Part Two: Local Institutional Capture
3. Nascent Equity Markets and Local Institution Building, 1984-90
4. Institutional Capture by Local Leaders: Share Issuance and Other Problems, 1993-2000
5. Equity Developmentalism Unbound: The Capture of Secondary Market Institutions in Shenzhen and Shanghai, 1995-97
6. The Shanghai and Shenzhen Stock Exchanges: From Local Control to 'Sons of the CSRC'
7. Local Institution-Making and the Securities Trading Centres
8. Institutional Creation and Development: The China Securities Regulatory Commission
9. Incoherence at the Centre: The State Council Securities Commission and CSRC/PBoC Relations
10. Drafting the Securities Law: The Role of the National People's Congress in Creating Institutions
Part Three: Conclusions
11. Socialist Market Regulation
12. China's Stock Market and the Changing Policy Priorities of the State Council
13. Equity Politics and Market Institutions

David Westbrook argues that we live in 'the city of gold' - a global, cosmopolitan polity where politics are done through markets, and where global capital markets, not states, have become the dominant force in our social life. In this wide-ranging, multi-tiered exploration of our contemporary global political economy, he touches on four major themes: the historical foundation of the city of gold; an assessment of its political scope; its current discontents; and ways to make a better - albeit imperfect - world from within it.

David Westbrook argues that we live in 'the city of gold' - a global, cosmopolitan polity where politics are done through markets, and where global capital markets, not states, have become the dominant force in our social life. In this wide-ranging, multi-tiered exploration of our contemporary global political economy, he touches on four major themes: the historical foundation of the city of gold; an assessment of its political scope; its current discontents; and ways to make a better - albeit imperfect - world from within it.

Contents:
List of Tables List of Figures Preface 1. Hybrid capitalism: demystifying Chinese capitalism 2. The dynamics of Chinese capitalism: globalization and actor-networks 3. The internationalization of Chinese capitalism 4. Transnational entrepreneurship 5. Transformations in social organization 6. Changing corporate governance and strategic management 7. The future of Chinese capitalism Notes Appendix References Index

The growing industrialization of Thailand due to the introduction of capitalist processes has had a revolutionary impact on the organization and structure of the society. New classes, groups and interests have arisen including a new urban-based industrial working class who are essential to the new capitalist procedures. This book examines how industrial workers have come to occupy a strategic place in the contemporary political economy and charts their long-term activism in seeking redress for a range of individual, social and political problems. This text focuses on how the state has become entangled in the processes through which workers have been organized, reorganized and disorganized as social and political actors in different historical periods. By examining the themes of labour weakness, political exclusion and insignificance of "class factors", this book brings back workers from the margins by demonstrating that both in the present and past the state has been involved in processes that determine the forms of their struggles. By utilizing new empirical data and historical material, Brown highlights how the working class have emerged as an enduring facet of Thai society.

From its formation in 1948 to its merger with Keidanren in 2002, this work provides a comprehensive history of Nikkeiren. Using the different periods of postwar Japanese capitalism as a context, the author carefully traces the history of Nikkeiren. Up until 1960 the association led Japanese employers in the campaign to win back "the right to manage", which had been lost in the chaotic aftermath of Japan's defeat in World War II. Nikkeiren achieved this by forging solidarity between employers in order to win a succession of bitterly fought labour disputes where the objective was not merely to defeat but to annihilate militant unions. Subsequently, Nikkeiren switched its emphasis to manipulation of the workforce and to a mutually advantageous trade-off with the leaders of increasingly enterprise-orientated unions. The group also put a great amount of effort into generating a mystifying ideology. Largely based on Japanese sources, this is the first comprehensive study of Nikkeiren to appear in English. In addition to providing a detailed empirical account of Nikkeiren's organization and activity, this book throws light on the nature and function of class power, the inherent tendency o

During the last two decades, China has longed for an important role on the international economic scene and has therefore tried to promote an image of modernisation. Having increased its efforts towards international integration, domestic reform continues to present China with one of its greatest challenges. This volume thoroughly analyses several important aspects of today's China: economic changes, the search for a social compact in urban China, the identification of new social conflicts that coexist in the dialectics of control and cohesion, and the problem of nation building and collective identities.

Can capitalism and citizenship co-exist? In recent years advocates of the third way have championed the idea of public-spirited capitalism as the antidote to the many problems confronting the modern world. This book develops a multi-disciplinary theory of citizenship, exploring the human abilities needed for its practice. It then argues that capitalism impedes the nurturing of these abilities. In advancing these arguments, Kathryn Dean draws on the work of a wide range of thinkers including Freud, Marx, Lacan, Habermas and Castells.

The Asian road to the market has generally been seen as a model of success and the object of widespread admiration. But even in countries experiencing sustained growth, there have been unmistakable signs of deep social strain. This book evaluates the experience and debunks widespread myths about Asian growth. It does so by identifying the link between alternative transition models, public policies and household responses on the one hand, and key welfare changes on the other.

Contents:
Part 1: Theoretical Foundations 1. Human Nature: Indeterminate and Indeterminable 2. Capitalism: Culture of Worldlessness Part 2: The Wordly World of the Bourgeois Subject 3. The Wordly World of Bourgeois Subject 4. Parenting and the Consitution of Bougeois Part 3: From Place to Space: the Death of Worldliness 5. The Institution of Commodity Fetishism 6. Abstract labour and the Network Society 7. Abstract Consumption and the Dissolution of the Ego 8. Abstract Knowledge: Disorganized Capitalism and the Vicissitudes of Science Conclusion: Citizenship and the Recovery of Worldliness

Mention North Korea to people today and they will conjure up many unflattering images, particularly in the wake of George W. Bush denouncing the state as part of an "axis of evil". Despite this cold war type rhetoric, the state of North Korea has begun to recognise the difficult challenges that it faces and is now trying to get to grips with them systematically.
This book brings together a selection of many of the world experts on the North Korean economy and covers such important issues as:
*possible unification with South Korea
*the significance of China's economic success
*Europe and the United States' roles in North Korea
North Korea in the World Economy provides an accessible, well-written and comprehensive account of this unique country and its economy. It will be extremely interesting not only for students and academics with an interest in Korean studies, international finance and transition economies but also for anyone with an interest in international economics.

eBook available with sample pages: 020314547X

In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownership of some of the most valuable petroleum, natural gas and metal deposits in the world. By 1997, five of those individuals were on Forbes Magazine's list of the world's richest billionaires. These self-styled oligarchs were accused of using guile, intimidation and occasionally violence to reap these rewards.

Marshall I. Goldman argues against the line that the course adopted by President Yeltsin was the only one open to Russia, since an examination of the reform process in Poland shows that a more gradual and imaginative approach worked there with less corruption and a wider share of benefits.
The Piratization of Russia is an accessible, lucid and timely book that is required reading for those with an interest in the debâcle of Russian reform. Its appeal will range from the interested lay-reader to students, academics, economists and politicians who want to understand the problems facing Russia and how they could have been avoided.

In 1991, a small group of Russians emerged from the collapse of the Soviet Union and enjoyed one of the greatest transfers of wealth ever seen, claiming ownership of some of the most valuable petroleum, natural gas and metal deposits in the world. By 1997, five of those individuals were on Forbes Magazine's list of the world's richest billionaires. These self-styled oligarchs were accused of using guile, intimidation and occasionally violence to reap these rewards.

Marshall I. Goldman argues against the line that the course adopted by President Yeltsin was the only one open to Russia, since an examination of the reform process in Poland shows that a more gradual and imaginative approach worked there with less corruption and a wider share of benefits.
The Piratization of Russia is an accessible, lucid and timely book that is required reading for those with an interest in the debâcle of Russian reform. Its appeal will range from the interested lay-reader to students, academics, economists and politicians who want to understand the problems facing Russia and how they could have been avoided.

In contrast to the failure to economic reforms in Eastern Europe, China's economic reforms have been quite successful. Decollectivization, marketization, state enterprise reforms, and reintegration into the world economy have led to very rapid economic development in China over the past two decades. These economic reforms, in turn, triggered profound social and political changes. This collection examines the origins, nature, and impact, as well as the future prospects of these reforms and changes. The contributors are all active researchers from a variety of disciplines, including economics, sociology, political science, and geography.

This book presents an analysis of the transition process with particular emphasis on the agricultural sector in Vietnam. Focusing on the ethnic minority of the Black Thai in the mountainous regions of Northern Vietnam, the impact of the rural reform process on their livelihood is examined. The analytical tool used in this work is a stochastic frontier analysis model, whose parameters are estimated by a regression analysis. Although the transition process in general has had a positive impact on the livelihood of the population, the gap between the rich and the poor has widened during the last ten years. Imperative measures are the introduction of technical innovations in the agricultural sector and their promotion through governmental as well as national and international non-governmental organisations.

Exploring one of the most dynamic and contested regions of the world, this series includes works on political, economic, cultural, and social changes in modern and contemporary Asia and the Pacific.

In contrast to the failure of economic reforms in Eastern Europe, China's economic reforms have been quite successful. These economic reforms, in turn, triggered such profound social and political changes as massive temporary migrations to the cities; a consumer revolution by the newly emerged middle class; the revival of religious movements; the rise of Chinese feminism; and impetus toward democratization along the Western line. This collection examines the origins, nature and impact, as well as the future prospects of these reforms and changes. The contributors are all active researchers from a variety of disciplines, including economics, sociology, political science, and geography.

The authors consider how the Asia-Pacific economies have developed since the financial crises and highlight two inter-related themes: the effect of global forces on the national Asian economies and the different development paths of these economies as they jointly enter this new phase. Questions raised by the book include:
* is globalization a threat to development and prosperity in the Asia-Pacific or did globalization rather facilitate and accelerate the pace of industrialization among late industrializers in the region?
* is there a single Asia-Pacific development model or did the crisis show this to be false?
* did the financial crisis reveal structural weaknesses in an Asia-Pacific state-led model or was state leadership already in demise?
Development and Structural Change in Asia-Pacific provides a useful and relevant account of how the global economy has led to structural changes within Asian economies

eBook available with sample pages: 0203609026