This book employs a variety of perspectives such as Institutional, Social Democratic, Marxist, Gender and Informal, Biblical and Dalit, to critically examine the impact of neo-liberal globalisation on both formal and informal sectors of the labour market and the industrial relations system. The narratives not only interrogate current institutions and paradigms, but also outline future developments.

This book promotes an in-depth understanding of the key mechanisms that govern the functioning of capitalist economies, pursuing a Classical Political Economics approach to do so. It explores central theoretical issues addressed by the classical economists Smith and Ricardo, as well as Marx, while also operationalizing more recent theoretical developments inspired by the works of Sraffa and other modern classical economists, using actual data from major economies. On the basis of this approach, the book subsequently provides alternative explanations for various microeconomic issues such as the determination of equilibrium prices and their movement induced by changes in income distribution; the dynamics of competition of firms within and between industries; the law of tendential equalization of interindustry profit rates; and international exchanges and transfers of value; as well as macroeconomic issues concerning capital accumulation and cyclical economic growth. Given its scope, the book will benefit all researchers, students, and policymakers seeking new explanations for observed phenomena and interested in the mechanisms that give rise to surface economic categories, such as prices, profits, the unemployment rate, interest rates, and long economic cycles.

The recent world economic crisis showed very clearly that financial crises and sovereign defaults are severe threats to economic and social prosperity. In addition, it became apparent that currency crises and banking crises often occur together and are closely related to sovereign debt crises and defaults.

The present book contains new research on various important issues related to financial crises and sovereign default risk by leading experts in the field. The book discusses new modelling approaches to financial crises, defaults and their interdependencies. It also sheds light on the consequences of different sorts of crises for the trust in the institutions which are concerned with managing them. Moreover, it provides discussions of several institutional features of the EMU and the world financial system and in particular the risks inherent in these institutions. The book also includes interesting suggestions for solving crises and improving financial stability.

This book provides the first comprehensive academic study of what China's trade with, and investment in, African countries mean for the socio-economic well-being of the continent. Based on the African Tree of Organic Growth Framework developed in the book, Jonker and Robinson outline the factors necessary in realizing Africa's Renaissance vision and the impact that the Chinese might have on this process. Using the metaphor of the Baobab tree, the authors analyze the historical, cultural and economic contexts within African countries, the channels available to produce development and growth, and the fruits or social and economic well-being created by this integrated process. The book takes readers on a journey of numerous African examples and case studies, describing and analyzing the challenges and complexities of countries in their desire to achieve organic, cultural, scientific and economic renewal, and the improvement of the well-being of their citizens. This book will be of great value to economists, people who wish to do business in Africa, China-watchers, those who are following the development and growth of Africa, and more.

The global financial crisis has challenged many of our most authoritative economic ideologies and policies. After thirty years of reshaping the world to conform to the market, governments and societies are now calling for a retreat to a yet undefined new economic order.

In order to provide a guide to what the twenty-first-century economy might look like, this book revisits the great project of Global Capitalism. What did it actually entail? How far did it go? What were its strengths and failings? By deconstructing its core ideas and examining its empirical record, can we gain clues about how to move forward after the crisis? Miguel Centeno and Joseph Cohen define capitalism as a historically-evolving and socially-constructed institution, rooted in three core economic activities trade, finance and marketing and identify the three key challenges that any new economic system will need to surmount inequality, governance, and environmental sustainability.

This accessible and engaging book will be essential reading for students of economic sociology, and all those interested in the construction of our economic future.

The Arab region has become a hotbed of economic growth in recent decades. While this growth has indisputably brought in wealth, there are still countless questions about the characteristics, constraints, and implications of the region's systems of innovation. Do these systems even exist in the Arab region? How does the current economic structure affect regional innovation? Is the presence of natural resources a help or a hindrance? Economic Systems of Innovation in the Arab Region discusses the causes, consequences, and implications of poor systems of innovation in the Middle East and North Africa. By examining the comparative weakness of innovation, the economic structure, and the diversity of the region, Nour shows that the development of Arab regional systems of innovation is contingent upon the development of adequate economic policies and incentives in the area. Her contribution is key for students and scholars of economics, innovation, and international relations.

This book adds a crucial focus on morality to the growing literature on the history of capitalism by exploring social and cultural perspectives on the economic order that has dominated the modern world. Taking the study beyond narrow economic confines, it traces the entanglement between moral sentiments and capitalism, examining both moral critiques and moral justifications. Company bankruptcies, systems of taxation, wealth, and the running of stock exchanges were attacked on moral grounds, while ideas of economic justice and the humanization of capitalism loomed large over moral critiques. Many movements, from antislavery to labour campaigns, were inspired by aspirations to improve capitalism and halt the moral decay that was felt to have affected large sections of society. This book questions how moral sentiments are defined and have changed over time, and how these relate to both capitalism and anti-capitalism. Covering a range of different social movements and ethical issues, the 13 chapters present a moral history of capitalism, understood not simply as an economic system but as an order that encompasses all areas of modern life.

This book scrutinizes the last 15 years of exceptional growth in the Turkish economy, and presents a model for sustainable ongoing growth that has particular implications for other key emerging economies. The growth of the Turkish economy in the 2000's was based on two integrated fundamental factors: fixing deteriorating dynamics and implementing further reforms to stimulate economic activity. This basic formula led to pleasing rates of economic growth, fuelled particularly by domestic private investments along with revived consumption and exports. Driven by political stability established by single party governments in the post-2002 period, an improved economic outlook helped Turkey enjoy record levels of foreign investment, adding momentum to its growth story. The Turkish experience in the post-crisis period implies that in order to achieve a fast and - more importantly - sustainable onward growth, the economy needs a new generation of structural reforms that simultaneously heal fragility and vitalize economic activity. The papers in this book offer professional assessments and assistance - especially for policymakers, and present a new direction upon which the Turkish economy - and emerging markets - can progress successfully for a further 15 years.

This book is open access under a CC BY 4.0 license. This book delves into the widely held belief that the 21st century will be the "Asian Century" by examining the Asia's rapid economic development in the post-war era and the challenges it faces in forging ahead of world leaders in the West. The impact of the current turbulent global political climate on Asia is critically analyzed, employing a holistic and multidisciplinary approach, combining economic, social, political and geopolitical perspectives. Written in an accessible style, the book offers students, business, government, and civil society players powerful insights on Asia.

This volume presents contributions that analyse the extraordinary impact of digital technology on business, services, and the production of value in many sectors of the economy. At the heart of this book is the fact that the entire digital economy is now worth almost 6% of global GDP, and it continues to grow at an unprecedented rate. The volume covers the general debate on taxation and the digital economy with the chapters by Russo, Makiyama and Boccia, before completing the analysis with discussion of three national case studies covering the U.S. (Pagano), U.K. (Leonardi) and Italy (Boccia and Leonardi). Contributors are leading experts in the fields of taxation and the digital economy and contextualise the key issues surrounding the digitalisation of the economy from an international perspective.

Marking the 25th anniversary of Ukraine as a sovereign nation, this book traces its economic transformation since 1991. Post-communist transition has been a highlight of recent history, and Ukraine stands out as one of its most interesting and puzzling cases. Havrylyshyn offers the first comprehensive treatise on the entire period, providing a thorough description of the slow evolution of economic reforms, exploring how and why performance in this regard fell far behind the leaders in transition. Testing several conventional hypotheses, the author argues that while Russian imperialism may form part of the explanation, the self-serving interests of domestic elites and new oligarchs may be even more important. Radically revising the traditional argument that reforms were delayed to allow nation building, this book contends that it was due more to the interests of the non-lustrated elite, who needed time to become the new capitalists.

Reprint of William Graham Sumner's popular essay "The Forgotten Man." "He works, he votes, generally he prays--but he always PAYS. All the burdens fall on him, or her, for it is time to remember that the Forgotten Man is not seldom a woman."

The Economics and Politics of China's Energy Security Transition clarifies China's energy and foreign policies through a comprehensive examination of energy sources, providing an insider's unique perspective for assessing China's energy policies. China's historic decline in coal consumption since 2013-2014 and a plateauing of its carbon dioxide emissions have given China an unprecedented opportunity to decarbonize while growing its economy. In response to global questions about China's institutional, administrative, and political challenges and risks, this book provides the answers that everyone is asking.

The focus of this edited volume is to identify challenges facing organizations in achieving zero greenhouse gas emissions by 2050 and a new energy economy, and to explore solutions from various sectors of the economy to enable the transition to a zero emissions future. Research presented here is divided into three parts, with an introductory statement on growth and sustainability. Part one discusses strategies towards a sustainable economy under a zero emissions goal. Part two contains industry specific case studies focusing on construction and related activities. Part three is devoted to country specific case studies from the Asia-Pacific region. Each of the chapters address one or more of the following issues: restoration, mitigation, adaptation and/or promoting resilience in the face of climate change as part of achieving a sustainable economy. The volume is multi-disciplinary in nature, drawing on various disciplines in social science, business, environment and policy, and will be of interest to UN development agencies, academic institutions, government policy makers, NGOs and business leaders.

Mutant Ecologies traces the spinning of new synthetic threads into the web of life. It is a critical cartography of the shifting landscapes of capital accumulation conjured by recent developments in genomic science, genome editing and the biotech industry. CRISPR crops, fast-growing salmons, heat-resistant Slick (TM) cows, Friendly (TM) Mosquitoes, humanised mice, pigs growing human organs - these are but a few of the dazzling new life-forms that have recently emerged from corporate and university laboratories around the world, all promising to lubricate the circuits of capital accumulation in distinct ways. The deliberate induction of genetic mutations is increasingly central to business operations in a number of sectors, from agriculture to pharmaceuticals. While the Nobel Committee recently proclaimed the life sciences to have entered 'a new epoch', the authors show how these technological innovations continue to operate within a socio-historical context defined by the iron rules of capitalist competition and exploitation. Capital no longer contents itself with simply appropriating the living bodies of plants and animals. It purposefully designs their internal metabolism, and in that way it redesigns the countless living vectors that constitute the global biosphere. It is driving a biological revolution, which will ripple through the everyday lives of people everywhere.

This volume explores the policy dynamics, economic commitments and social impacts of the fast evolving Sino-LAC relations. China's engagement with Latin America and the Caribbean has entered into an era of strategic transition. While China is committed to strengthening its economic and political ties with Latin America and the Caribbean, Latin America as a bloc is enthusiastically echoing China's endeavor by diverting their focus toward the other side of the ocean. The transitional aspect of China-LAC ties is phenomenal, and is manifested not only in the accelerating momentum of trade, investment, and loan but also in the China-CELAC Forum mechanism that maps out an institutional framework for decades beyond. While Latin America is redefined as an emerging priority to the leadership in Beijing, what are the responses from Latin America and the United States? In this sense, experts from four continents provide local answers to this global question.

George Floyd's murder in Minneapolis triggered abolitionist shockwaves. Calls to defund the police found receptive ears around the world. Shortly after, Sarah Everard's murder by a serving police officer sparked a national abolitionist movement in Britain. But to abolish the police, prisons and borders, we must confront the legacy of Empire. Abolition Revolution is a guide to abolitionist politics in Britain, drawing out rich histories of resistance from rebellion in the colonies to grassroots responses to carceral systems today. The authors argue that abolition is key to reconceptualising revolution for our times - linking it with materialist feminisms, anti-capitalist class struggle, internationalist solidarity and anti-colonialism. Perfect for reading groups and activist meetings, this is an invaluable book for those new to abolitionist politics - whilst simultaneously telling a passionate and authoritative story about the need for abolition and revolution in Britain and globally.

Volume 39B of Research in the History of Economic Thought and Methodology, includes a symposium marking the centenary of Carl Menger's death in 1921. The symposium, edited by Reinhard Schumacher and Scott Scheall, features contributions from Sandra J. Peart, Gunther Chaloupek, Erwin Dekker, and Sandye Gloria. The Volume also features general-research essays from Marina Uzunova and Alexander Linsbichler.

This book is a contribution to the debate about the transition process, and focuses on structural institutions in Russia and the East.

In transitional countries with unfavourable initial conditions and weak institutions, economic and social performance can only in part be explained by the approaches followed in the field of macroeconomic adjustment, privatization, and liberalization. By reviewing the impact of initial conditions on industrial and institutional conditions in the gradual and late reforming countries, this book aims to rekindle the debate surrounding these largely neglected issues.

The book is an exploration, on both theoretical and empirical grounds, into the nature and the transformation of the state in the neoliberal era. Nowadays, a widespread crisis of legitimation affects the institutions and authority of the state; similarly, and especially after the Great Crisis of 2008 to present, the European project is increasingly questioned by populist and neo-nationalist forces, which politically advance in the state and society, and promote further coercive-oriented reconfiguration of state powers and apparatus. The 'nationalist international', the 'new populists' and/or the 'rise of new international fascism' are questions on the verge of international scholarship and political debate. However, many of these studies often miss the specificity and critical importance of the study of the state and of state (institutional and ideological) powers; even more importantly, the phenomenon of populism/neo-authoritarianism is interpreted by the mainstream as a clear break with traditional centrist parties, with the result of neglecting the past authoritarian tendencies that accompany the entire history of neoliberalism. This book aspires to be a guide for political activist and policy-makers: specifically, by showing how the state is of critical importance to the making of neoliberalism in institutional and cultural terms, it also aims to rethink the state as the arena of politics and, accordingly, as the key site to promote alternatives to neoliberalism.

Russia is one of the world's largest growing economies. With this exciting new growth and development, there is a wealth of knowledge to be discovered from the strategies and models being used and created throughout Russia's economy. Modeling Economic Growth in Contemporary Russia portrays and sets pieces of Russia's growth strategies to produce an extraordinary record of economic analysis. A leading expert in emerging markets, editor Bruno S. Sergi and a cast of experienced Russian academics offer a wealth of questions and critical examples on Russia that are delivered through a sound framework and provide unique knowledgeable support and interdisciplinary research about modeling a sound growth strategy for Russia. Through various chapters on financial development and economic growth, Sergi explores the fascinating landscape of Russia's economy, including chapters on green investment; education and inclusive development; sustainability; smart cities; international cooperation; and innovation-based growth. For anyone interested in international economics, or students of emerging economies and markets, this is a fundamental study of an area that has never before been studied in such depth.

Debt as Power is a timely and innovative contribution to our understanding of one of the most prescient issues of our time: the explosion of debt across the global economy and related requirement of political leaders to pursue exponential growth to meet the demands of creditors and investors. The book is distinctive in offering a historically sensitive and comprehensive analysis of debt as an interconnected and global phenomenon. -- .

This monograph presents potential remedies for some of the current environmental issues in developed countries in a theoretical or empirical manner with the interdisciplinary approaches of economics, statistics, and engineering. The book illustrates effective economic and environmental policies for environmental challenges and factors where corrective policies to date may have failed. The importance of this essential book has is related to the transition in the major concerns of the people or governments in developed countries shifting from economic growth to the stability of life and environmental preservation as their economies have matured. The environmental issues dealt with here include forest environment tax introduced as part of local taxes, air pollution reduction policies for mobile emission sources, introduction of renewable energies and power fuel cell technology, the mechanism of city agglomeration and dispersion, and measurement of environmental sustainability. In analytical methods, some research employs theoretical approaches such as the mathematical economic model or nonlinear dynamic model. Other analyses are implemented with empirical or statistical tools such as the long-run general equilibrium model, the input-output model, and the dynamic optimization model, among others.

This book analyzes the evolution of foreign trade cooperation between Russia and China in the context of the rapidly growing global economy, especially in the Asian-Pacific region. The approach presented in the book is characterized by a comprehensive view on macroeconomic dynamics and the process of evolving means of production. The authors describe characteristics of national innovational economies with examples from countries in the Asian-Pacific region.

This book offers a philosophical and macro-historical analysis of secularism, supported by an investigation of various contemporary cases. Starting with an in-depth theoretical discussion of the meaning of secularism, it subsequently presents a historical study on the secularization of norms and identities in Europe. The respective case studies cover topics such as the epistemologies of secularism, liberalization and embedded secularism, the relationship between modernity and secularism, the socio-anthropology of secularism, Turkish modernization as a cultural revolution, the political economy of secularism in Turkey, and the secular rationale of the EU neighborhood policy.