As corporations search for new production sites, governments compete furiously using location subsidies and tax incentives to lure them. Yet underwriting big business can have its costs: reduction in economic efficiency, shifting of tax burdens, worsening of economic inequalities, or environmental degradation.

"Competing for Capital" is one of the first books to analyze competition for investment in order to suggest ways of controlling the effects of capital mobility. Comparing the European Union's strict regulation of state aid to business with the virtually unregulated investment competition in the United States and Canada, Kenneth P. Thomas documents Europe's relative success in controlling -- and decreasing -- subsidies to business, even while they rise in the United States.

Thomas provides an extensive history of the powers granted to the EU's governing European Commission for controlling subsidies and draws on data to show that those efforts are paying off. In reviewing trends in North America, he offers the first comprehensive estimate of U.S. subsidies to business at all levels to show that the United States is a much higher subsidizer than it portrays itself as being.

Thomas then suggests what we might learn from the European experience to control the effects of capital mobility -- not only within or between states, but also globally, within NAFTA and the World Trade Organization as well. He concludes with policy recommendations to help promote international cooperation and cross-fertilization of ways to control competition for investment.

In 1978, faced with the pressure to modernize and a declining budget, the Chinese People's Liberation Army (PLA) reluctantly agreed to join China's economic reform drive, expanding its internal economy to market-oriented civilian production. This work examines PLA's role in the economy up to 1998.

In this collection of his latest essays, John H. Dunning - renowned authority in international business - elaborates his theories on the current situation of foreign direct investment and multinational enterprises. Global Capitalism at Bay considers the unique characteristics of contemporary capitalism, and what must be done if it is to survive and prosper in the twenty first century.

eBook available with sample pages: 0203186036

A collection of 13 essays based on two national surveys of household income in China - in 1985 and 1995 - and prepared and carried out by the research team. These essays explore a wide range of aspects of the rapidly changing income distribution during this period.

First Published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.

The modern welfare state finds itself in the middle of two major upheavals: the impact of technology and immigration. Having taken in more refugees per capita than most other countries, the pillars of the Swedish welfare state are being shaken, and digital technologies are set to strengthen already existing trends towards job and wage polarization. The development of skills to keep pace with technology will enter into a critical period for the labor market in which inadequate policy responses could result in further inequality and polarization. In this regard, a platform-based labor market could help by opening up a vast range of new work opportunities. Marten Blix examines the implications of these trends that drive change in developed economies and, in particular, the impact that they have on Sweden and other European countries with rigid labor markets and comprehensive tax-financed welfare services. Increasing costs from immigration and rising inequality could further reduce the willingness to pay high taxes and erode support for redistribution. Failure to address challenges like this one could herald much more drastic changes down the road. There are already signs of economic and political tensions and there is a risk that the social contract could crack. This new discussion on the future of work and the welfare state will be of interest not only to scholars but in policy circles and corresponding societies in sociology, labor relations, political science and public administration.

This timely collection brings together many well-known scholars to systematically explore China's current government and assess it's transition toward democracy. The contributors provide a comprehensive overview of China's domestic history, economy, and public political ideologies. The contributors show that there are many reasons to be skeptical about the short-term prospects for democracy in China, including historical failures, the underdevelopment of civil society, political apathy, and competing social values. Though China's political culture is essentially neither anti-democratic nor pro-democratic, it must still overcome many obstacles in order to achieve democracy.

In this discipline-defining volume, some of the leading international scholars in the history of economic thought re-examine the concepts of "classical economics" and the "canon", illuminating the roots of the contemporary discipline, and the shape and form of its evolution. The investigation addresses three related issues. Firstly, the contributors attempt to determine which ideas are vital to classical economics, and whether these ideas distinguish classical economics from other approaches to economic questions. Secondly, the essays address the development of "classical economics" over time through sociological and intellectual processes, and attempt to determine why some writers and works are elevated to the "canon", while others are not. Thirdly, some contributions examine the intellectual consequences of this inevitable process of canonization. The book includes examinations of the work of major economists such as Marx, Smith, Ricardo, Bentham, Malthus, Keynes and Mill. Offering new perspectives on the way an intellectual discipine is constructed, this book should be of essential interest to all scholars of the history of economic thought.

Author Biography:
Teresa Brennan is Schmidt Distinguished Professor of Humanities at Florida Atlantic University, USA.

Teresa Brennan marshalls the insights of Marx and Freud to provide a compelling and insightful analysis of the exhaustion pervading modern capitalism: environmental collapse, the rising poverty levels, and the increase in global economic disparity. Linking the consumption of environmental resources to our own depleted psychic life, she shows that modernity must be rethought if we are to find a sustainable future for both the environment and our own psychic life. This book should prove of value to political and social theorists, philosophers, economists, and anyone interested in the environment.

This book examines the rapid deregulation and changing nature of Japan's financial marketplace as it emerges from its worst economic crisis since the end of the Second World War. The author focuses on how U.S. firms like Citibank, AIG, Merrill Lynch, GE Capital, Fidelity Investments, and American Express have made large investments and built strategic businesses in a market that was effectively closed to them only a few years ago. He also profiles Japan's major financial institutions, which are aggressively restructuring to defend their home turf from foreign competitors.

Now that the economic crisis appears to be over, this exciting new book gives business students, scholars, and executives an in-depth analysis and understanding of the on-going transformation of the Japanese marketplace in banking, securities, insurance, asset management, mutual funds, and consumer credit.

"Property and Prophets" is a concise history of the rise and subsequent triumph of capitalism. Focused primarily on England until 1800 and the United States since 1800, the book's economic history is interspersed with the history of ideas that evolved along with the capitalist system.

This study systematically examines uneven regional development in China, focusing on three central agents: the foreign investor, the state and the region. Wei's findings have important implications for theories of, and policy towards, Chinese regional development. This book is a vital resource for those with an interest in transition economies.

eBook available with sample pages: 0203184661

This book examines the rapid deregulation and changing nature of Japan's financial marketplace as it emerges from its worst economic crisis since the end of the Second World War. The author focuses on how U.S. firms like Citibank, AIG, Merrill Lynch, GE Capital, Fidelity Investments, and American Express have made large investments and built strategic businesses in a market that was effectively closed to them only a few years ago. He also profiles Japan's major financial institutions, which are aggressively restructuring to defend their home turf from foreign competitors.

Now that the economic crisis appears to be over, this exciting new book gives business students, scholars, and executives an in-depth analysis and understanding of the on-going transformation of the Japanese marketplace in banking, securities, insurance, asset management, mutual funds, and consumer credit.

Ukraine may have taken a "gradualist" approach to economic reform, but the results have been no better than in Russia. The editors have assembled the leading specialists on the Ukrainian economy, including officials from major Ukrainian and international economic institutions, to outline the major problems of the economy, analyze the initial phases of economic reform in Ukraine, assess their outcomes, and chart the way forward.

A comprehensive examination of the transformation of the Chinese People's Liberation Army into one of the most important actors in the Chinese economy -- an amalgam of military and commercial interests controlling a multi-billion dollar international business empire. The author provides the first documentary analysis of decision-making surrounding the origins of this post-1978 military- business complex. He offers a detailed picture of the system's wide-ranging structure and sectoral interests, and links this military commercialism to the rise of corruption in the ranks.

Contents:
Introduction: a puzzle for economic theories Robert Boyer and Toshio Yamada
Part I Institutional interpretations and theories
1. Japanese capitalism and the companyist compromise Toshio Yamada
2. The hierarchical market-firm nexus as the Japanese mode of régulation Akinori Isogai, Akira Ebizuka and Hiroyasu Uemura
3. Disproportionate productivity growth and accumulation regimes Hiroyuki Uni
Part II The wage labour nexus, forms of competition, financial regime: major structural transformations
4. The capital-labour compromise and the financial system: a changing hierarchy Hironori Tohyama
5. 'Industrial welfare' and 'company-ist' régulation: an eroding complementarity Masanori Hanada and Yasuro Hirano
6. The financial mode of régulation in Japan and its demise Naoki Nabeshima
Part III What crisis and what futures?
7. The wage labour nexus challenged: more the consequence than the cause of the crisis Robert Boyer and Michel Juillard
8. Growth, distribution and structural change in the post-war Japanese economy Hiroyasu Uemura
9. Beyond the East Asian economic crisis Yasuo Inoue
10. Some limitations on Japanese competitiveness enjamin Coriat, Patrice Geoffron and Marianne Rubenstein
Conclusion: an epochal change ... but uncertian future Robert Boyer and Toshio Yamada

This study addresses the experience of, and responses to poverty in a range of transition economies including Russia, Ukraine, Hungary, Slovenia, Uzbekistan, Romania, Albania and Macedonia. It covers topics such as the definition of poverty lines and the measurement of poverty; the role of income-in-kind in supporting families; homelessness and destitution; housing; the design, targeting and administration of welfare; and personal responses to economic transition.

Now expanded to cover the consequences of Russia's 1998 financial collapse, this book focuses on the social consequences of a modern-day great depression. The text examines the unequal distribution of the costs and benefits of Russia's leap into capitalism. The topics covered include: the emergence of the "new poor"; the recruitment of a business elite; the changing social and economic status of women; and the impact of marketization on employment. The study draws on a range of statistics and survey research data to present a portrait of the lives and circumstances of comtemporary Russians.

Designed to meet the special needs and interest level of non-economics majors at the undergraduate level, this "principles of economics" textbook makes two important modifications to the traditional introductory approach. First, the author emphasizes the operation of the economy as a system, so that contemporary problems are examined in the broader context of the system that gives rise to them, which in our case is a "market" system. This emphasis is particularly important since so many nations are shifting to market-oriented economies. Second, precisely because economic theory is important, the author is selective and purposeful in its inclusion and introduces it only when it contributes positively to the student's understanding -- not in all its refinements, and not for its own sake. The overriding objective of this text, therefore, is to help students understand the economic context in which they will play out their personal and professional lives, both in the United States and in the world.

Bringing together diverse approaches and case studies of international health worker migration, Global Migration, Gender, and Health Professional Credentials critically reimagines how we conceptualize the transfer of value embodied in internationally educated health professionals (IEHPs). This volume provides key insights into the economistic and feminist concepts of global value transmission, the complexity of health worker migration, and the gendered and intersectional intricacies involved in the workplace integration of immigrant health care workers. The contributions to this edited collection uncover the multitude of actors who play a role in creating, transmitting, transforming, and utilizing the value embedded in international health migrants.

Integration with the world economy is crucial to economic success for most, if not all, transitional economies. Rapid development of successful exports is vital to that aim. Governments can help through export promotion policies. These include the general macroeconomic policies governing the level of domestic demand and the exchange rate, but also direct support through institutions to provide insurance, finance and marketing assistance for exporters. As important market failures affect foreign trade, governments have good reason to intervene. In transitional economies market failures are even more common and acute because of their recent history of planned allocation, but their attempts to correct for market failures and support exporters have been weak so far. There is much scope for improvement and for lessons to be learned for both them and for latecomers to transition.

This non-technical introduction to economics is designed specifically to help non-professionals understand the economic setting in which they will play out their lives. It emphasizes the operation of the economy as a system, so that contemporary problems are examined in the broader context of the system that gives rise to them -- increasingly a market-oriented system for many nations.

Now expanded to cover Russia's 1998 financial collapse, New Rich, New Poor, New Russia focuses on the social consequences of this modern-day Great Depression. The authors draw on abundant statistical material and survey research data to present a carefully assembled portrait of the life circumstances of contemporary Russians. They document the unequal distribution of the costs and benefits of reform in Russia, its impact on the socioeconomic structure of the population, and the ways in which these changes have violated social perceptions of equity and fairness. Among the major issues examined in this context are:
-- the emergence of the "new poor";
-- the changing economic and social status of women;
-- the highly differentiated impact of marketization on various sectors of the workforce;
-- the social sources of recruitment of Russia's new entrepreneurial class and business elite;
-- the causes and consequences of the August 1998 financial crisis.

CONTENTS

Introduction to the Second Edition

1. Free Market Ideology and the Specter of Inequality

2. Critical Responses to Radical Reform

3. The Rise of Mass Poverty

4. A Question of Difference: Women as Losers

5. Wage-Earners: Winners and Losers

6. A New Capitalist Class: Entrepreneurs and the Economic Elite

7. Why No Social Democracy in Russia?

Epilogue: The Failure of Market Bolshevism