Risk science is becoming increasingly important as businesses, policymakers and public sector leaders are tasked with decision-making and investment using varying levels of knowledge and information. Risk Science: An Introduction explores the theory and practice of risk science, providing concepts and tools for understanding and acting under conditions of uncertainty. The chapters in this work cover the fundamental concepts, principles, approaches, methods and models for how to understand, assess, communicate, manage and govern risk. These topics are presented and examined in a way which details how they relate, for example, how to characterize and communicate risk with particular emphasis on reflecting uncertainties; how to distinguish risk perception and professional risk judgments; how to assess risk and guide decision-makers, especially for cases involving large uncertainties and value differences; and how to integrate risk assessment with resilience-based strategies. The text provides a variety of examples and case studies that relate to highly visible and relevant issues facing risk academics, practitioners and non-risk leaders who must make risk-related decisions. Presenting both the foundational and most recent advancements in the subject matter, this work particularly suits students of risk science courses at college and university level. The book also provides broader key reading for students and scholars in other domains, including business, engineering and public health.

Technological Change and Mature Industrial Regions explicitly adopts an inter-disciplinary approach to analysing the structural transformation of mature regions. The major focus of the book is from an economics perspective, but it also employs sociological analyses, business history approaches and technological analyses. It critically considers the identification and development of regional capabilities and regional policy initiatives for mature industrial areas in the context of globalisation and technological change. Specific cases from a range of different countries help to distinguish which aspects of mature regions' technology, knowledge or structure are region-specific, and which are more generally applicable to mature industrial regions throughout the world. The book will prove to be invaluable for academic researchers as well as government and policy communities.

Trust is an elusive concept, meaning different things to different people, and so needs to be clearly defined. By focusing on relations within and between firms, Bart Nooteboom undertakes to produce a clearer definition of trust and its role in the economy. Trust deals with a range of questions such as: what are the roles of trust? What can we trust in? Can trust serve as an instrument for the governance of relations? Is trust a substitute, a precondition or an outcome of contracts? The author then goes on to analyse what trust is based on, what its limits are, how it grows and how it can also break down. The role of intermediaries is also discussed. Bart Nooteboom argues that trust goes beyond calculative self-interest and that blind, unconditional trust is unwise. He then examines the paradox of how trust can be non-calculative and yet, not blind. The book also reveals ways to measure and model trust, its antecedents and its consequences.

With nanotechnology being a relatively new field, the questions regarding safety and ethics are steadily increasing with the development of the research. This book aims to give an overview on the ethics associated with employing nanoscience for products with everyday applications. The risks as well as the regulations are discussed, and an outlook for the future of nanoscience on a manufacturer's scale and for the society is provided. Ethics in nanotechnology is a valuable resource for, philosophers, academicians and scientist, as well as all other industry professionals and researchers who interact with emerging social and philosophical ethical issues on routine bases. It is especially for deep learners who are enthusiastic to apprehend the challenges related to nanotechnology and ethics in philosophical and social education. This book presents an overview of new and emerging nanotechnologies and their societal and ethical implications. It is meant for students, academics, scientists, engineers, policy makers, ethicist, philosophers and all stakeholders involved in the development and use of nanotechnology.

This book analyzes how the Second International reacted to international diplomatic crises and what was the attitude of French, German and Italian socialists between 1889 and 1915, the year in which Italy entered the World War. This book shows that the Second International became over the years more and more involved in the fight against war and learnt to respond to situations of diplomatic crisis. An example of this is the fact that its last congress before the outbreak of the First World War, the Basel Congress of 1912, was nothing less than a great international socialist demonstration of opposition to war. However, the fact that France, Germany or Italy were involved in a diplomatic crisis hindered the International's ability to respond effectively to it. For all these factors, the attitude of the International is very different from one crisis to another.

The purpose of this volume is to bring together the leading scholarly papers about how globalization has impacted the role of SMEs. In fact, globalization has affected SMEs in two major ways. The first has been to facilitate the transnational activities of SMEs. Transnational activities, ranging from exports to foreign direct investment to participating in global value chains have become easier as a result of globalization. The second impact of globalization has been to shift the source of competitiveness towards knowledge-based economic activity, which has led to an increased role for SMEs. The first section of this volume examines how globalization has affected the role of SMEs in the economy. The second section of the volume is devoted to global strategies by SMEs The third section focuses on an important type of global activity of SMEs, which involves foreign direct investment. The fourth section focuses on the role of clusters and networks in generating SME competitiveness in global markets. SME export strategies and performance is analyzed in Section Five. Section Six examines the impact that the international mobility of labour has had on SMEs. The seventh section focuses on the role that SMEs play in transnational technology transfer. Section Eight is devoted to SMEs in the context of developing countries. In the final section of the volume policy issues are raised. This includes identifying how policy needs to address barriers to internationalization confronting SMEs.

This book presents a broad overview of the multifaceted phenomena of innovation networks, which have assumed increasing importance with the emergence of the so-called 'knowledge economy'. The topic of innovation networks is analysed through different lenses, bringing together the theory of self-organisation, complexity theory and recent developments in the economic and sociological literature on innovation. The aim of the book is the integration of these different perspectives in order to develop a common theory of innovation networks. In this respect, a general model of innovation networks is applied to different industrial sectors such as the biotechnology industry, the telecommunications industry, and knowledge-intensive business systems which form the backbone of the internet economy. By combining empirical case studies with theoretical work on the emergence of innovation networks, the authors are able to identify the mechanisms and circumstances which can contribute to their successful development and evaluation. Innovation Networks is the result of a two year collaboration between academics from a range of different disciplines including theoretical physics, political science, computer science, sociology and economics. As such, it will appeal to students, scholars and researchers in all of these fields as well as business and R&D managers, and policymakers and politicians involved in the promotion of technology policy.

The Dynamics of Industrial Collaboration revisits and reformulates issues previously raised by inter-firm collaboration. The latest research in collaboration, processes and evaluation of cooperation, and industrial and research networks, is presented by way of both empirical and theoretical studies. The authors use several theoretical perspectives to explain inter-firm and inter-institutional collaboration: the theory of transaction costs and contracts, evolutionary theory, and the resource-based view. The book illustrates that none of these approaches are dominant. The issue of collaboration is raised in various contexts such as the new economics, biotechnology, and the motor industry. It will be of special interest to industrial economists and scholars of evolutionary economics.

The Industrial Workers of the World is a union unlike any other. Founded in 1905 in Chicago, it rapidly gained members across the world thanks to its revolutionary, internationalist outlook. By using powerful organising methods including direct-action and direct-democracy, it put power in the hands of workers. This philosophy is labeled as 'revolutionary industrial unionism' and the members called, affectionately, 'Wobblies'. This book is the first to look at the history of the IWW from an international perspective. Bringing together a group of leading scholars, it includes lively accounts from a number diverse countries including Australia, Canada, Mexico, South Africa, Sweden and Ireland, which reveal a fascinating story of global anarchism, syndicalism and socialism. Drawing on many important figures of the movements such as Tom Barker, Har Dayal, Joe Hill, James Larkin and William D. "Big Bill" Haywood, and exploring particular industries including shipping, mining, and agriculture, this book describes how the IWW and its ideals travelled around the world.

International debate has recently focused on increased inequalities and the adverse effects that they may have on both social and economic developments. Income inequality, which is at its highest level for the past half-century, may not only undermine the sustainability of European social policy but also put at risk Europe?s sustainable recovery. A common feature of recent reports on inequality (ILO, OECD, IMF, 2015?2017) is their recognition that the causes emerge from mechanisms in the world of work. The purpose of this book is to investigate the possible role of industrial relations, and social policies more generally, in reducing these inequalities. The volume pays particular attention to the contribution of social partners and social dialogue to achieving concrete outcomes, notably in terms of flexibility and security for both employers and workers. The key aim is to identify elements of a response to a number of important questions: which countries have succeeded in carrying out the necessary reforms without generating further inequalities? What industrial relations systems seem to perform better in this respect? What policy measures, institutions and actors play a determinant role in achieving more balanced outcomes? How can social dialogue address future transformations of the world of work, while limiting inequalities? The scope of this volume goes beyond pay to address other types of inequality ? in the distribution of working time, access or re-access to jobs, training and career opportunities, and social protection and pensions. It also looks at inequalities that may affect particular groups of workers, including women or young people, as well as people in certain types of work arrangements, such as part-time or temporary work or the self-employed. This book is vital reading for anyone concerned with labour policy, industrial relations and social welfare but, above all, with how advances in these areas can contribute to the global fight against growing inequalities. Contributors include: D. Anxo, B. Bembic, G. Bosch, P. Courtioux, C. Erhel, K. Espenberg, G. Fiorani, G. Giakoumatos, D. Grimshaw, M. Johnson, M. Karamessini, I. Marx, J. Masso, I. Mierina, R. Munoz de Bustillo, B. Nolan, F. Pinto Hernandez, W. Salverda, A. Simonazzi, M. Tverdostup, L. Van Cant, D. Vaughan-Whitehead, R. Vazquez-Alvarez

For three decades F.M. Scherer has been writing on questions of competition policy from multiple perspectives as a professional economist, consultant in numerous antitrust and international trade proceedings, and (for two years) chief economist of the US Federal Trade Commission. This volume collects 26 of his most important papers, both previously published and unpublished, on a broad array of competition policy issues. The papers address the historical antecedents and rationale of competition policy, the logic of market definition, the implications of pricing strategies pursued by enterprises with monopoly power, tradeoffs between competition goals and the attainment of static and dynamic efficiency, implementing effective remedies in merger and monopoly cases and the role of competition policy in an increasingly open world economy.

Knowledge and innovation are key factors contributing to growth and prosperity in the new service economy. This book presents original, empirical and theoretical contributions to address the economic dimensions of knowledge and the organisation of knowledge intensive activity through specialised services. Specific analyses include: * macro statistics to highlight the contribution of services to economic activity * firm level survey data to identify and consider client relations * case studies of four innovation-oriented business services. Further chapters deal with the specific functions connected with knowledge, the new discipline of 'knowledge management', intellectual property rights, and the role of knowledge in national and international economic systems. Offering an overview of a highly important and pervasive set of phenomena, this book outlines and illustrates the intellectual agenda associated with the rise of a global services economy. It will appeal to industrial and business economists, researchers, students, policymakers and business analysts.

In recent years, and to varying degrees, there has been a marked trend towards decentralisation of labour market regulation in many European countries. The authors of this book seek to assess the impact of social partnership and social protection on the macroeconomic performance of nine member states of the European Union - namely Austria, France, Germany, Ireland, Italy, the Netherlands, Spain, Sweden and the UK. They compare the performance outcomes of these countries with the USA over the last twenty years and find that, in broad terms, the countries that perform 'best' are those that have adapted and decentralised their systems of social partnership and protection. The authors also analyse the changing nature of social partnership and protection within the European Union (EU). They examine recent developments in EU social policy, particularly its shift towards employment promotion through the national action plans on employment that each member state is now required to introduce. These reinforce social partnership but also impose new challenges for governments, employers and unions to meet. Central amongst these challenges is the need to ensure that social partnership is as inclusive as possible. The authors conclude that the EU requires more social partnership if ever closer union, including monetary union, is to succeed and that employment promotion programmes must be pursued by the EU as a whole.

This timely book analyses the relationship between trade unions, immigration and migrant workers across eleven European countries in the period between the 1990s and 2015. It constitutes an extensive update of a previous comparative analysis - published by Rinus Penninx and Judith Roosblad in 2000 - that has become an important reference in the field. The book offers an overview of how trade unions manage issues of inclusion and solidarity in the current economic and political context, characterized by increasing challenges for labour organizations and rising hostility towards migrants. The qualitative analysis of trade union strategies towards immigration and migrant workers is based on a common analytical framework centred on the idea of `dilemmas' that trade unions have to face when dealing with immigration and migrant workers. This approach facilitates comparative analysis and distinguishes patterns of union policies and actions across three groups of countries, identifying some explanations for observed similarities and differences. In addition, the book also includes theoretical chapters by expert scholars from a range of disciplinary fields including industrial relations, migration studies and political economy. This comprehensive comparative analysis is an essential resource for academics across a range of disciplines as well as policy-makers, practitioners and organizations involved in trade unions and migrant inclusion and integration.

The presence of transaction costs greatly modifies the traditional picture of the allocation of resources through the market. It gives rise to many phenomena inexplicable in the simple market view and to problems of government policy. Oliver Williamson has been a leading figure in this analysis. His interpretations of corporate governance and of the complementarity between internal controls and the market have been the most profound in the literature. It is good that his leading essays are now available in collected form.' - Kenneth J. Arrow, Stanford University, US'Oliver Williamson's contributions to economics are certainly among the most important of the past several decades, and their importance will be increasingly recognized as economists come to grips with all that he has accomplished. This collection provides an unparalleled view of those contributions, and it belongs on the bookshelf of everyone who wants to understand complex economic transactions.' - David Kreps, Stanford University, US 'This book provides a terrific opportunity to have a collection of Oliver Williamson's best papers on transaction cost economics all in one convenient volume.' - Paul L. Joskow, Alfred P. Sloan Foundation and MIT 'Williamson's work on transaction cost economics has shaped the thinking of all social scientists about organizations and institutions. This volume reprints many of his seminal papers on the subject, and is valuable both as commemoration and for reference.' - Avinash Dixit, Princeton University, US Transaction cost economics has and continues to be a fruitful area of research. There is still much to be done in the field with past research being used in conjunction with the vast number of contractual phenomena that have yet to be investigated in transaction cost economics terms. New challenges are posed by the need to move beyond the design of new contractual instruments (such as financial derivatives) to include an examination of the lurking hazards that attend contract implementation. This important collection brings together Professor Williamson's key papers on transaction cost economics. It will be of benefit to academics, scholars and practitioners with an interest in this progressive subject.