The re-emergence of private enterprises is one of the most important factors in China's recent economic development. They will play a key role in maintaining China's high growth rate and honouring its commitments to the WTO. Despite this, they face obstacles to growth, including borrowing restrictions, high taxes, ineffective legal protection and lack of technical and information support. The authors in this book discuss these obstacles and propose measures for improving private enterprise development. They consider how private enterprises can help China mitigate its macroeconomic problems, such as unemployment, income inequality, financial disintermediation and cyclical boom and bust. Finally, they examine the lessons to be learnt from other countries in promoting privatisation.

When first published, Capitalism as if the World Matters, by one of the leading 'eco-warriors' of our time, shocked a generation of both environmentalists and business people. Jonathon Porritt brushed aside their artificial battle lines with a powerful argument that the only way to save the world from environmental catastrophe is to embrace a new type of capitalism, and to do it quickly. In this substantially revised and updated edition, Porritt extends his powerful and controversial argument by providing fresh evidence and suggesting new actions. New content includes in-depth coverage of the USA, with case studies examining the role of huge American corporations such as Wal-Mart and General Electric, plus a close look at China and the global impact this economic giant may have in the twenty-first century. This is a must-read for everyone who has a stake in the future of the world, from business executives to environmental activists, from community leaders to the politicians with their hands on the levers of power. Published with Forum for the Future

China is indisputably one of the most dynamic economic regions in the world; however the character, nature and extent of its market economy status remains in question. This book provides an empirical analysis of many aspects of the developing market economy including: government reform; the marketization of enterprises; land transactions; capital transactions and finance; the market determination of wage rates; the development of intermediary organizations; and the improvement in the economy's legal framework. China's economic growth has also brought conflict with both the EU and the US. This book examines the contentious debates such as: the extent of renminbi convertibility; the independence of the financial sector; the freedom of labour in wage-rate bargaining; the extent of foreign investment; the extent of government ownership of enterprises; the protection of property rights; and the development of company law and of corporate governance.

A common belief is that the European welfare states are in a position of crisis or heading towards one with the process of globalization removing any hopes of eventual worldwide welfare. This book challenges this assumption arguing that a proper understanding of the future role of the welfare state requires a broader social perspective that encompasses the interaction of economic, political and social processes. The Future of the Welfare State provides an interdisciplinary analysis of the practical and theoretical challenges which the welfare state (and progress towards world welfare) can and must meet in the future.

As businesses, consumers, and investors make key financial decisions amid Economic Policy Uncertainty (EPU), there is the danger that many might freeze investment projects and hiring, leading to contractions of the economy. These are evident in the Indian economy as a whole and specifically in Indian stock markets indices such as the BSE Sensex and Nifty 50, import and export figures, T-bills, FDI, FPI, and GDP. In this important and timely work, Ghosh and Bagchi examine variables and phenomenon from April 2003 to January 2022, encompassing: * The global financial recession period (December 2007 to June 2009) * The pre-recession period (April 2003 to November 2007) * The post-recession along with pre-COVID-19 period (July 2009 to February 2020) * The COVID-19 period (March 2020 to January 2022) * The Russia-Ukraine Conflict Period (September 2021 to July 2022) This is essential reading for scholars and practitioners dealing with Economic Policy Uncertainty (EPU) in the Indian context, and in macro-economics at large.

Entrepreneurship is a key element in the development of market based economies and one of the potential drivers of change in countries that are in the process of transformation to market based systems. This book describes and critically assesses the nature and extent of female entrepreneurship in European economies that until 1990 were operating under central planning. At the core of the book are 7 country based chapters which provide an overview of the development of entrepreneurship and small firms since 1990, including a review of the institutional and policy context; an assessment of the role of women within the society during the socialist period; and any major changes afterwards. Each chapter also includes a thematic section (each one addressing a different issue) based on unique empirical data drawn from original research.

In her recent book Suiting Themselves, bestselling author Sharon Beder exposed how the global corporate elite have brazenly rewritten the rules of the global economy to line their pockets. In this new book she trains her sights on the insidious underbelly of this global trend to show how they have also orchestrated a mass propaganda campaign to manipulate community values and convince us that their interest - co-opting and controlling all of us in the name of the free market - is in our interest. During the 20th century, business associations coordinated mass propaganda campaigns combining 20th century American PR methods with revitalized free market ideology from 18th century Europe. The aim was to persuade people to eschew their own power as workers and citizens, and forego their democratic power to restrain and regulate business activity. Sophisticated corporate-funded think tanks augmented these campaigns in the 1970s and 1980s, promoting free enterprise and business-friendly policies. Thesefree market missionaries now seek to change individual and institutional values through bolder strategies such as expanding share ownership and manipulating wider public concerns. In each case the goal is the same: the triumph of business values over community values. Beder's is an intellectual call to arms: challenge the ideology of the free market missionaries or be converted to it.

The inside story of the booming video game industry from the late 1990s to the present, as told by the Managing Director of Ubisoft's Massive Entertainment (The Division, Far Cry 3, Assassin's Creed: Revelations). At Massive Entertainment, a Ubisoft studio, a key division of one of the largest, most influential companies in gaming, Managing Director Polfeldt has had a hand in some of the biggest video game franchises of today, from Assassin's Creed to Far Cry to Tom Clancy's The Division, the fastest-selling new series this generation which revitalized the Clancy brand in gaming. In The Dream Architects, Polfeldt charts his course through a charmed, idiosyncratic career which began at the dawn of the Sony PlayStation and Microsoft Xbox era -- from successfully pitching an Avatar game to James Cameron that will digitally create all of Pandora to enduring a week-long survivalist camp in the Scandinavian forest to better understand the post-apocalyptic future of The Division. Along the way, Polfeldt ruminates on how the video game industry has grown and changed, how and when games became art, and the medium's expanding artistic and storytelling potential. He shares what it's like to manage a creative process that has ballooned from a low-six-figure expense with a team of a half dozen people to a transatlantic production of five hundred employees on a single project with a production budget of over a hundred million dollars. A rare firsthand account of the golden age of game development told in vivid detail, The Dream Architects is a seminal work about the biggest entertainment medium of today.

A public option is a government-provided social good that exists alongside a similar privately provided good. While the public option is typically identified with health care policy, public options have been a longstanding feature of American life in a variety of sectors, ranging from libraries to swimming pools. Public schools, for example, coexist alongside private schools. However, there is surprisingly little research on 'public options' as a general category. Rather, over the last few decades, considerable scholarly and popular efforts to ensure access to important social goods have focused on market subsidies (like vouchers) or privatization - which both face increasing criticism. Uniting scholars from across disciplines, this volume delves into the theory of the public option, explores several important case studies, and shows how public options could be a corrective to the trend toward privatization and subsidies. This title is also available as Open Access on Cambridge Core.

A public option is a government-provided social good that exists alongside a similar privately provided good. While the public option is typically identified with health care policy, public options have been a longstanding feature of American life in a variety of sectors, ranging from libraries to swimming pools. Public schools, for example, coexist alongside private schools. However, there is surprisingly little research on 'public options' as a general category. Rather, over the last few decades, considerable scholarly and popular efforts to ensure access to important social goods have focused on market subsidies (like vouchers) or privatization - which both face increasing criticism. Uniting scholars from across disciplines, this volume delves into the theory of the public option, explores several important case studies, and shows how public options could be a corrective to the trend toward privatization and subsidies. This title is also available as Open Access on Cambridge Core.

In this book prominent scholars from around the world debate two major themes: the past and future of the capitalist world-economy, and the ways in which a capitalist economy shapes Western research, the academy, and broader knowledge structures. Putting the two themes together, they also analyze the relationship between scholarship and the rest of the world. The book is published to commemorate the 25th anniversary of the Fernand Braudel Center. Contributors Samir Amin, Christopher Chase-Dunn, Bart Tromp,. Claudia von Werlhof, Giovanni Arrighi, Pablo Gonzalez-Casanova, Marcel van der Linden, Randall Collins, Mahm ood Mamdani, Boaventura de Sousa Santos, Michel-Rolph Trouillot, Janet Abu-Lughod, Maurice Aymard, and Immanuel Wallerstein.

Economies - and the government institutions that support them - reflect a moral and political choice, a choice we can make and remake. Since the dawn of industrialization and democratization in the late eighteenth century, there has been a succession of political economic frameworks, reflecting changes in technology, knowledge, trade, global connections, political power, and the expansion of citizenship. The challenges of today reveal the need for a new moral political economy that recognizes the politics in political economy. It also requires the redesign of our social, economic, and governing institutions based on assumptions about humans as social beings rather than narrow self-serving individualists. This Element makes some progress toward building a new moral political economy by offering both a theory of change and some principles for institutional (re)design.

China's Economic Development and Democratization examines China's transformation from an institutional perspective. It proposes an analytical framework comprising six macro institutional environments: international, ideological, political, economic, constitutional, and civil-social, to analyze the Chinese transition. Through an institutional analysis of the ruling elite's policy institutionalization, it tries to answer three main questions: Will China's economic reforms lead to a meaningful political reform? Will economic freedom lead to political freedom? Will economic development lead to political democratization? The major findings from the institutional analysis of the dynamic interactions between political actors and institutions suggest that China is moving closer towards democracy. Students and scholars who are studying or conducting researches on the Chinese economy, society or politics will find this book of particular interest.

Ten years after the fall of the Berlin Wall, patterns of change to the former communist nations of Europe are now discernible in a way that was impossible to see in the initial years. This insightful book focuses on the case of changes in housing based on evidence collected from across the Central and Eastern European region. The volume adopts a conceptual framework and provides cross-regional analysis, amongst which is situated a series of more focused case studies. Issues examined include the consequences of the rapid privatization of state rental housing including the emergence of 'super-owner-occupied' countries, dramatic changes in urban structure and evidence that housing, having been the shock absorber against which wider economic restructuring has occurred, now faces a whole series of deferred problems. The enthusiasm with which the market economy was initially embraced must now be tempered by a more sober assessment of what in reality has happened.

This important and original dictionary presents for the first time in an easily accessible form a wide range of terms and concepts used in free-market economics. It includes entries on theories of the market economy, as well as empirical studies of economic freedom and informative biographies of free-market economists. Standard dictionaries in economics often omit many terms used in free-market economics, and also place a different interpretation on some terms and concepts, such as 'intervention', 'regulation', 'ownership and 'public goods'. In addition, they often do not include references on important and controversial topics such as free banking. This Dictionary includes definitive entries that are not covered elsewhere, as well as explaining key terms and concepts from the Austrian, Chicago, Virginia Public Choice, Law and Economics and Georgists schools of thought. It also incorporates the essential points of a particular topic, concept or term used in law, finance and classical liberal philosophy as well as many basic terms used in economics. Sorted alphabetically, with extensive cross-referencing this dictionary provides concise and clear definitions of common as well as less well known concepts used in free-market economics. This Dictionary will be an essential source of reference for all those in the public choice and Austrian schools as well as those with an interest in free-market economics.

This book is a comprehensive study of differential treatment for developing countries in international environmental law. It offers a compelling analysis of the legal dimension of the relationship between developed and developing countries in the environmental field and beyond. It first critically examines the principle of legal equality of states and then explores the conceptual framework behind the notion of differential treatment in international law and its relevance in bringing about substantive equality. The book examines the development of differentiation in international environmental law, considers its application in various environmental treaties and evaluates the legal status of existing differential norms. It also examines the contribution of differentiation to the implementation of environmental treaties and the extent to which differential treatment fosters the decentralization of international environmental policy making. It is an indispensable resource for all actors involved in environmental law and policy making, scholars and students.

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

FDI has proved to be the most dynamic defensive and offensive response to globalization. This book provides an in-depth evaluation of the rationale as well as theoretical and empirical explanations of the outward internationalization of firms from the Czech Republic, Estonia, Hungary, Poland and Slovenia. The authors present the first broader empirical evidence on transition economies' OFDI and internationalization, evaluate the role of transnational companies from transition economies and development implications of outward internationalization for home economies. They put the experience of firms from transition economies into the framework of existing theories, study to what extent are the experiences of Austria, Portugal and Finland applicable to transition economies, illustrate general macro economic trends of the international business practices of firms from transition economies by case studies, examine the main determinants and barriers to the outward internationalization process, offer a representative set of cases and best business/government practices relevant for other transition economies, identify specificity in internationalization by firms from transition economies due to transition processes and systemic background and apply network theory as a complementary explanation for such internationalization due to former historical ties and cultural vicinities. A pioneering work on outward investment by transition economies, this book is the first in the world to present a more systematic analysis of the internationalization of firms from transition economies, based on results of the two ACE projects: "Outward internationalization facilitating transformation and EU Accession; The case of Czech Republic, Hungary and Slovenia" and "Networking Through OFDI" including also Poland and Estonia.

What is the connection between the sleaziness of Harvey Weinstein's 'business meetings' and the passionless doctrine of neoclassical economics? In this witty and incisive examination of the new economy, Peter Fleming argues that they are closer than you might think. The quest to rid society of bureaucracy, shrink government and burn red tape has certainly made capitalism 'more human', but not in the family-friendly way envisaged by free-market gurus. Increasing informality has led to a capitalism fuelled by limitless exploitation and increasingly seedy methods of management, from semi-feudal workplace hazing rituals and predatory middle-managers with an axe to grind to arbitrary zero-hours contracts, Uber and, perhaps worst of all, the compulsory gym session with your boss. Fleming dubs this 'Sugar Daddy Capitalism' after the controversial dating-app wealthy businessmen use to meet young girls, most of whom are struggling with university fees. What seems like a creepy outlier is actually a prescient metaphor for our whole economy: an anonymous and impersonal cash system that is also intent on getting under your skin, extra close and capable of ruining everything if you say ... 'no'.

Contributing an impressive historical basis for path dependency analysis and the role of social capital in newly established democracies, this book offers a fascinating and ground-breaking analysis of the role of social capital in the democratic context of Eastern Europe. Focusing on Poland and Ukraine, this book fills the literature gaps for integrated empirical and theoretical research with respect to post-Communist democratization, social capital vs. democratization theory, and the case study area of Central and Eastern Europe. Suitable for students from graduate level upwards in Central and Eastern European studies, political theory and history.

These previously unpublished papers by leading American and Vietnamese economists analyze the dramatic transformation of Vietnam's economy during the 1990s and its prospects for the future. The three main sections of the book discuss Vietnam's turbulent history, recent economic reforms, and the country's emerging role in the world economy and geopolitics. The contributors examine a myriad of issues, including specific reforms in agriculture, banking, and tax policy, as well as the attempts to create a business-oriented legal infrastructure, the development of foreign trade and a viable balance of payments, and U.S. policy reactions to Vietnam's rapid development in the last decade.

While the financial crisis in East Asia could be said to be on the wane in some countries, the reconstruction process in the aftermath and the debate about the financial policies best suited to the region still rages on. This book examines both of these processes in authoritative detail.
It includes critical assessment of:
* the post-crisis state of financial markets
* the banking and corporate restructuring process, with special focus on Indonesia
* the policy debates currently going on in East Asia, including monetary policy; exchange rate systems and the scope for financial cooperation
* East Asia's debt and equity markets
The well-respected contributors including Claudio Borio, Hae Wang Chung, Guy Debelle, Reuven Glick, Robert McCauley and Eisuke Sakakibara, have produced a book that will be influential around the world.

eBook available with sample pages: 0203398343

This volume seeks to explain the political economy of the Abe government and the so-called 'Abenomics' economic policies. The Abe government represents a major turning point in postwar Japanese political economy. In 2019, Abe became the longest serving Prime Minister in Japanese history. Abe's government stood out not only for its longevity, but also for its policies. Abe came to power promising to reinvigorate Japan's economy under the banner of Abenomics. He pursed a host of structural reforms and industrial promotions to increase Japan's potential growth rate. Abe also achieved important legislative victories in security policy. However, the government also faced significant controversies. The book will hold appeal to scholars and students specializing in the study of Japanese politics, comparative political economy, the politics of contemporary advanced democracies, macroeconomic policy, labor market reforms, corporate governance, gender equality, agricultural reforms, energy and climate change, and East Asian security.

This book challenges some of the fundamental tenets of "free market" economics that have had a profound impact on public policy and the plight of the American worker. These include the beliefs that high wages inevitably mean low profits; that a "free" market will automatically reduce discrimination and pay inequality; that anti-trust legislation hinders competitive market forces; and that minimum wage laws and trade unions negatively impact the economy.

Using both theoretical analysis and real-life examples, the author shows that these myths are a product of unrealistic behavioral assumptions on the part of "free market" economists about the typical worker. In fact, as the author makes clear, the level of workers' satisfaction with their jobs, as a reflection of how well they are paid and treated by their employers, has a direct impact on the quality level of the products they produce and, inevitably, the economic performance of the firms.