This work focuses on the EU's participation in the Dispute Settlement Proceedings (DSP) of the WTO for matters of non-conferred competences. The underlying thesis is that the joint membership of the EU and its Member States is fallacious, in that it could cause the EU to become responsible for violations of the WTO regulations on the part of the Member States. Such fallacies are rooted in the blurred nature of the distribution of powers in the EU polity.In order to tackle the issue of international responsibility, the analysis is based on the facts of a real-world case. Based on the tenets of public international law, the law of mixed agreements and the EU constitutional principles, the book puts forward a model for the EU's participation in the DSP, and for the reallocation of burdens to the respective responsible entity. This proposition deconstructs the joint responsibility regime and endorses a solution that could address the issue of responsibility in mixed agreements without a declaration of powers.

This enlightening text analyses the origins of Western complaints, prevalent in the late nineteenth century, that Japan was characterised at the time by exceptionally low standards of 'commercial morality', despite a major political and economic transformation. As Britain industrialised during the nineteenth century the issue of 'commercial morality' was increasingly debated. Concerns about standards of business ethics extended to other industrialising economies, such as the United States. Hunter examines the Japanese response to the charges levelled against Japan in this context, arguing that this was shaped by a pragmatic recognition that Japan had little choice but to adapt itself to Western expectations if it was to establish its position in the global economy. The controversy and criticisms, which were at least in part stimulated by fear of Japanese competition, are important in the history of thinking on business ethics, and are of relevance for today's industrialising economies as they attempt to establish themselves in international markets.

Produced here in two low-cost paperback volumes, John Bapty Oates' challenging insights into the human condition, and specifically, the REAL reasons behind the current global crises, is a must-read for any serious student of human nature, sociology or economics. Topics covered include the evolution of human consciousness; the rise of a global economy; and the many dangers and pitfalls that await us as a species if we cannot - or will not - listen with real urgency, to the lessons that life places before us. A true heavyweight amongst contemporary philosophical works.

This topical and important book identifies the short to medium-term economic, financial and social consequences of Brexit. Containing perspectives from leading thinkers across legal, economic and financial fields, it considers both the general effect of UK withdrawal on the European integration process, and the specific impact on the free movement of capital, goods and people. Addressing the main areas within both the UK and the EU that can and will be affected by Brexit, including the financial sector, immigration, social rights and social security, After Brexit: Consequences for the European Union will make fascinating reading for all those currently engaged in the study and practice of Law, Economics, Finance, Political Science, Philosophy, History and International Affairs.

In the nineteenth century, the Netherlands and its colonial holdings in Java were the sites of dramatically increased industrialization. Led by a group of "merchant kings" who exemplified gentlemanly capitalism, this ambitious trading project transformed the small, economically moribund Netherlands into a global power. Merchant Kings offers a fascinating interdisciplinary exploration of this episode and reveals not only the distinctive nature of the Dutch state, but the surprising extent to which its nascent corporate innovations were rooted in early welfare initiatives. By placing colony and metropole into a single analytical frame, this book offers a bracing new approach to understanding the development of modern corporations.

20 years after the collapse of communism in Central Eastern European countries and 30 years after the start of market-oriented reforms in China, this book provides a framework for understanding the differing emphasis and sequencing of two reforms and explores in-depth these issues in the demise of communism and the triumph of the market economy.

This book, the second of two volumes, continues the authors' ground-breaking re-examination of India's history and political economy. This volume describes the economic fortunes of India in the second half of the 20th century. Beginning with the reconstruction of the Planning Commission and India's hybrid model of economic planning, the authors describe the multiple shocks weathered by the system before being replaced with a fully free market model after the collapse of the Soviet Union. Chapters consider the stresses placed on India's organisation by the shocks of the twentieth century, from its experiments with a socialist economy to its embrace of the Washington consensus in the 1980s. The impact of the invasion of China in 1962 and India's struggle to find its feet post-partition are also given detailed analysis. The book's unique perspective helps to shed light, for the first time, on how India's organisational structure negotiated the country's immense historical and cultural inheritance with the stresses of a twentieth century nation state.

The book evaluates the importance of constitutional rules and property rights for the German economy in 1990-2015. It is an economic historical study embedded in institutional economics with main references to positive constitutional economics and the property rights theory. This interdisciplinary work adopts a theoretical-empirical dimension and a qualitative-quantitative approach. Formal institutions played a fundamental role in Germany's post-reunification economic changes. They set the legal and institutional framework for the transition process of Eastern Germany and the unification, integration and convergence between the two parts of the country. Although the latter process was not completed, the effects of these formal rules were positive, especially for the former GDR.

This book is the first full-length treatment of the desirability and feasibility of implementing a citizen's income (also known as a basic income). It tests for two different kinds of financial feasibility as well as for psychological, behavioral, administrative, and political viability, and then assesses how a citizen's income might find its way through the policy process from proposal to implementation. Drawing on a wide variety of sources of evidence from around the world, this new book from the director of the Citizen's Income Trust, UK, provides an essential foundation for policy and implementation debates. Governments, think tanks, economists, and public servants will find this thorough encompassing book indispensable to their consideration of the economic and social advantages and practicalities of a basic income.

This book studies the challenges for Indonesia, once a miracle economy, as it faces premature deindustrialisation, rising inequality and domestic and external factors impacting its export-oriented industrialization. Since the fall of Soeharto, Indonesia has undergone a far-reaching systemic transition from centralised and autocratic governance to a highly decentralised and democratic system. Complicated by regional variations, the country is now being called upon to respect labour rights and, amidst slow global economic recovery, is facing increased competition from other low-labour-cost countries, especially within the ASEAN Economic Community. Tadjoeddin and Chowdhury posit that Indonesia cannot recreate its past miracle based on cheap labour and suppression of labour rights. It will need to move quickly to high value-added activities driven by productivity growth and to develop its domestic market.

The book contains a collection of high-quality academic and expert contributions dealing with the central question of whether the Lisbon Treaty needs further revision. Due to the difficulties European Union actors have encountered in implementing the Lisbon Treaty s reform and the inadequacies of the current legal framework brought to light by post-Lisbon practice, the volume focuses on possible innovations and functional approaches to improve the Union s response to the challenges confronting it.

In doing so, the volume first takes a horizontal approach to the Treaty revision and considers some constitutional features showing the interaction between the EU and its Member States (namely, the parameters of constitutional developments, the allocation of competences, the principles of solidarity and loyal cooperation). Then, the focus shifts to the question of fundamental rights within the EU s constitutional framework, one of the most relevant innovations of the Lisbon Treaty being the incorporation of the Charter of Fundamental Rights into the Union s primary law. The last part of the volume is devoted to another domain significantly reshaped by the Lisbon reform, namely, the Union s external dimension. ECJ Advocate General Paolo Mengozzi s conclusions highlight the common themes emerging from the various contributions, stressing the need for a more general supranational approach to the political crisis the Union is going through.

The content of this book will be of great value to academics, students, judges, practitioners and all others interested in the legal discourse on the progressive development of the European Union legal order."

Through a green criminological perspective, Angus Nurse examines the contemporary reality of corporate environmental crime and illegal activities that have become normalized within many major corporations. Arguably this is an inevitable consequence of a corporate culture that prioritizes profits and the smooth operation of market activities over environmental concerns coupled with the increased political power of major corporations that can act almost with impunity and where problems do occur, can literally buy itself out of trouble. These same corporations are broadly perceived as being responsible actors. However, Nurse argues that corporate environmental offending is often deliberate and that corporations understand that they will often be allowed to continue with polluting and non-compliant behavior because the likely enforcement responses are fines and settlements rather than criminal prosecution. Using several case studies, Nurse explores biopiracy and the rights of indigenous peoples, the behavior of oil companies in African states, the regulation of corporate social responsibility and corporate environmental responsibility, an analysis of contemporary environmental legislation and the prosecution of environmental harm, and state-corporate crime and air pollution. Dealing with these problems requires a wider notion of crime and wrongdoing that directly engages with the types of environmental offending that represent a threat to human populations and non-human nature irrespective of whether these are defined as crime by justice systems.

This edited volume presents comparative research on how the courts in Southeast Europe apply international law. After the introductory Part I, Part II discusses specific areas of international law, notably the law of Association Agreements between the EU and third countries, the law of the World Trade Organization, and international environmental law (the Aarhus Convention). Part III consists of country reports on how national courts in Albania, Bosnia and Herzegovina, Croatia, Kosovo, Macedonia, Montenegro, Serbia and Slovenia are currently applying international law.

This book argues that that the rise of great firms - those with sustainable high return on invested capital (ROIC) - will lay the foundation for China's successful economic transformation. Drawn from the author's research on corporate finance and the Chinese economy, the author maintains that being big could be easy but means little for corporate China, especially in the context of China's transition from an investment-led economy to an efficiency-driven one. The work discusses both internal and external impediments that lead to lack of great companies in China and suggests institutional conditions which foster the rise of great companies in China, including, reversing the government's obsession with GDP, reforming the financial system, and promoting entrepreneurship. Policy makers, investors, corporate executives, and MBA students and scholars will appreciate case studies of Huawei, Alibaba, Xiaomi, and Lenovo, among others, that illustrate the endeavors made by Chinese entrepreneurs at the grassroots level and highlight what makes successful companies in China.

This book shows that the use of money transforms a market economy into a payment society where production and employment are subordinated to the logic of asset markets. Monetary policy emerged out of private banking business and was always exposed to the risk of losing credibility and reputation. The stability of key currency systems was based on different policy preferences. A simple game-theoretic macro model explains the working and the downfall of the gold standard, Bretton Woods and the European Monetary System. It is shown that waning willingness to accept foreign leadership in monetary policy affairs propelled the creation of the euro.

This contributed volume presents the outcomes of multidisciplinary studies on the problem of sustainable economic development. The key issues addressed here are economic transformation, crisis management, formation and implementation of industrial policy in the innovative economy, and the development of individual industries (oil refining, transport, education, tourism, the financial sector, etc.), as well as the problem of resistance to changes in the economy. Special attention is paid to economic growth under unstable conditions and the impact of digitalization on the development of economic processes. This book is dividided into five parts, the first of which deals with factors and conditions determining the sustainable development of different socio-economic systems, as well as issues in connection with the post-crisis development of regional economies. In turn, the second part is devoted to an analysis of the innovative development of the economy, risk assessment for innovation projects, readiness for changes and innovations, and various instruments of innovative economic development. Prospects for the digitalization of the economy and the current changes in economic systems caused by digitalization are considered in the third part of the book. In the fourth part, the authors discuss the specific features of labor market development, and professional competencies that will be essential to the sustainable development of the economy. In closing, the fifth part presents sectoral and intra-organizational aspects of sustainable economic development.

This book looks at how varieties of capitalism emerge over time and across different geographies, and is comprised of submissions from scholars around the globe. Covering a wide range of territories including Europe, the Americas, Africa, and Asia across both the nineteenth and twentieth centuries, this edited volume considers the roles that the state and business working together play in the emergence of different economic systems. Whilst most analyses focus on identifying different types of capitalism, the chapters in this volume instead focus on how these different types develop, the drivers of their emergence, and the people and organisations behind the developments. The geographical spread of analyses allows the reader to delve into how different countries have managed and even created their economic systems providing comparative insights into our understanding of how different national economic models develop over time. This book was originally published as a special issue of Business History.

This text develops an original critical analysis of the origins and evolution of the euro and the current debt crisis that envelops the euro-zone. It provides a comprehensive critical historical narrative of the evolution of European Monetary Union (EMU). The history of the euro, culminating in the Maastricht blueprint in 1992, reveals that this deeply flawed monetary edifice was informed by the prevailing neoliberal/monetarist economic doctrines, favoured by Germany. The final blueprint witnessed the birth of an international currency which was devoid of a coherent sovereign power.
The author's critique is informed by post-Keynesian theories of endogenous money. Lucarelli provides an essential contribution to the critique of the existing economic theories that continue to inform the evolution of the euro. In the absence of political union and a corresponding fiscal framework, the survival of the euro remains problematic. The imposition of harsh, neoliberal, austerity measures by the IMF/EU/ECB (Troika) on Europe's peripheral, deficit countries threaten the very existence of the euro-zone in its present form, and have set in motion powerful centrifugal forces, which could ultimately derail the entire post-war European project.

This Dictionary analyses the ways in which the statuses of European citizens are profoundly affected by EU law. The study of one's particular status (as a worker, consumer, family member, citizen, etc.) helps to reconsider the legal notions concerning an individual's status at the EU level. The Dictionary includes a foreword by Evgeni Tanchev, Advocate General at the Court of Justice of the European Union, which illustrates some interesting features of the Court's case law on statuses.The Dictionary's core is composed of 79 chapters, published in alphabetical order. Each brief chapter analyses how the individual status was conditioned or created by contemporary EU law, or how the process of European integration modified the traditional juridical definition of the respective status. The Dictionary provides answers to the following questions: Has the process of European integration modified the traditional juridical definition of individual status? Has the concept of legal status now acquired a new function? What role has EU law played in developing a new modern function for the concept of individual status? Are the selection of a specific individual status by EU law and the proliferation of such statuses, which is synonymous with the creation of new privileges, collectively undermining the goal of achieving substantive equality between EU citizens? Does this constitute a return to the past? Under EU law, is it possible to create a uniform definition of the legal status of the person, over and above the definition that is provided by a given Member State's legal system?

This book demonstrates the theoretical value and practical significance of systems science and its logic of thinking by presenting a rigorously developed foundation-a tool for intuitive reasoning, which is supported by both theory and empirical evidence, as well as practical applications in business decision making. Following a foundation of general systems theory, the book presents an applied method to intuitively learn system-sciences fundamentals. The third and final part examines applications of the yoyo model and the theoretical results developed earlier within the context of problems facing business decision makers by organically combining methods of traditional science, the first dimension of science, with those of systems science, the second dimension, as argued by George Klir in the 1990s. This text would benefit graduate students, researchers, or practitioners in the areas of mathematics, systems science or engineering, economics, and business decision science.

Markets in Historical Contexts is the result of a dialogue between historians and social scientists thinking about markets in modern society. How should we approach markets after the collapse of Marxism? What alternative ways of thinking about markets can we recover from the past? The essays in this volume set out to challenge essentialist accounts of the market. Instead they suggest that markets are always embedded in distinctive traditions and practices that shape the ways in which they are conceived and the manner of their working. The essays range widely over European and non-European societies from the eighteenth century to the present, from the great transformation to globalization. Rational peasants, republican economists, popular conservatives, guild theorists, early environmentalists, communitarians, progressives, consumers, Gandhi's descendants and others are all revived. The volume thus recovers alternative ways of thinking about markets, many of which are neglected or marginalized in contemporary debates.

Out of early twentieth-century Russia came the world's first significant effort to build a modern revolutionary society. According to Marxist economist Samir Amin, the great upheaval that once produced the Soviet Union has also produced a movement away from capitalism - a long transition that continues even today. In seven concise, provocative chapters, Amin deftly examines the trajectory of Russian capitalism, the Bolshevik Revolution, the collapse of the Soviet Union, the possible future of Russia - and, by extension, the future of socialism itself. Amin manages to combine an analysis of class struggle with geopolitics - each crucial to understanding Russia's singular and complex political history. He first looks at the development (or lack thereof) of Russian capitalism. He sees Russia's geopolitical isolation as the reason its capitalist empire developed so differently from Western Europe, and the reason for Russia's perceived "backwardness." Yet Russia's unique capitalism proved to be the rich soil in which the Bolsheviks were able to take power, and Amin covers the rise and fall of the revolutionary Soviet system. Finally, in a powerful chapter on Ukraine and the rise of global fascism, Amin lays out the conditions necessary for Russia to recreate itself, and perhaps again move down the long road to socialism. Samir Amin's great achievement in this book is not only to explain Russia's historical tragedies and triumphs, but also to temper our hopes for a quick end to an increasingly insufferable capitalism. This book offers a cornucopia of food for thought, as well as an enlightening means to transcend reductionist arguments about "revolution" so common on the left. Samir Amin's book - and the actions that could spring from it - are more necessary than ever, if the world is to avoid the barbarism toward which capitalism is hurling humanity.