The use of measures of economic output to guide policymaking has been criticized for decades because of their weak ties to human well-being. Recently, many scholars and politicians have called for measures of happiness or subjective well-being to be used to guide policy in people's true interests. In The Illusion of Well-Being, Mark D. White explains why using happiness as a tool for policymaking is misguided and unethical. Happiness is too vague a term to define, and too general a concept, to measure in a way that captures people's true feelings. He extends this critique to well-being in general and concludes that no measure of well-being can do justice to people's true interests, which are complex, multifaceted, and subjective. White suggests instead that policymaking be conducted according to respect and responsiveness, promoting the true interests of citizens while addressing their real needs, and devoting government resources to where they can do the most good.

This book is an empirical study on the relationship between private enterprises, entrepreneurs and the government in P. R. China. The two authors conducted a detailed survey of enterprises and entrepreneurs in Liuzhou, Guangxi Zhuang Autonomous Region, China. Although it was only conducted in a medium sized city, the survey provides a rare source of information on matched entrepreneur-enterprise pairs. It provides detailed information on management, performance, enterprise-government relationship, as well as entrepreneurs' personal information and measurements of various psychological parameters. With this first-hand information, the authors analyzed several interesting issues concerning enterprise-entrepreneur-government relationships. Readers will gain an understanding of the following topics: Why and how does China have such special enterprise-entrepreneur-government relationships? Do enterprises' political connections in the form of entrepreneurs' political status help improve the performances of these enterprises? Which of the surveyed entrepreneurs could become members of the People's Congress and the People's Political Consulting Conference? How do entrepreneurs feel when they are faced with greater government intervention? How will China move ahead in the ongoing reform and development in the light of the enterprise-entrepreneur-government relationship? This book examines the way in which China's enterprise-entrepreneur-government relationship helps enterprises develop in a transitional market. In the appendix to this book, one of the authors, Ming Lu, provides evidence, based on data from listed companies, that having political connections can help enterprises enter the markets of provinces other than their place of registration. However, this political connection also distorts the market by giving the entrepreneurs more opportunities to develop their business. At the same time, those entrepren eurs who face interventions from the government also shoulder greater costs in the form of loss of psychological happiness. The inference of this book is that at some point in the foreseeable future, China will gradually build its market system and integrate its domestic markets, so that private enterprises will no longer rely so heavily on their political connections.

The purpose of this ground-breaking book is to inspire the principle of innovation as a permeating program for Europe's societies. After demonstrating early success from the realization of a single market and single currency, the European cooperation process is falling short of delivering much needed results in policy areas which are key for sustainable economic growth and employment, notably innovation policy. Written by authors involved in an independent tripartite High Level Group on EU innovation policy management, Revolutionising EU Innovation Policy analyses the principle causes and offers solutions in order to increase both efficacy and democratic accountability. Presenting the benefits of an overarching innovation policy, the authors draw attention to issues that have been overlooked by research and technology based approaches to innovation, for example culture and education. Importantly, the book examines the interplay between EU innovation policies and the demands of businesses, enterprises, and social and political organizations to fully deploy their innovation potential.

Corporate scandals since the 1990s have made it clear that economic wrongdoing is more common in Western societies than might be expected. This volume examines the relationship between such wrong-doing and the neoliberal orientations, policies, and practices that have been influential since around 1980, considering whether neoliberalism has affected the likelihood that people and firms will act in ways that many people would consider wrong. It furthermore asks whether ideas of economic right and wrong have become so fragmented and localized that collective judgement has become almost impossible.

With the stagnation of the Doha Round of multilateral talks, trade liberalisation is increasingly undertaken through free trade agreements. Gabriel Siles-Brugge examines the EU's decision following the 2006 'Global Europe' strategy to negotiate such agreements with emerging economies. Eschewing the purely materialist explanations prominent in the field, he develops a novel constructivist argument to highlight the role of language and ideas in shaping EU trade policy. Drawing on extensive interviews and documentary analysis, Siles-Brugge shows how EU trade policymakers have privileged the interests of exporters to the detriment of import-competing groups, creating an ideational imperative for market-opening. Even during the on-going economic crisis the overriding mantra has been that the EU's future well-being depends on its ability to compete in global markets. The increasingly neoliberal orientation of EU trade policy has also had important consequences for its economic diplomacy with the developing economies of the African, Caribbean and Pacific group of states.

"This volume is one of the first books to consider the impact of tripartism across the developing world. It covers 8 case studies from Afrcia, Asia, Eastern Europe and Latin America, focusing on developments since the 1990s. These studies show that tripartism has the effect of reducing the social impact of neo-liberal economics reforms"--Provided by publisher.

The book details the innovative TERM (The Enormous Regional Model) approach to regional and national economic modeling, and explains the conversion from a comparative-static to a dynamic model. It moves on to an adaptation of TERM to water policy, including the additional theoretical and database requirements of the dynamic TERM-H2O model. In particular, it examines the contrasting economic impacts of water buyback policy and recurring droughts in the Murray-Darling Basin. South-east Queensland, where climate uncertainty has been borne out by record-breaking drought and the worst floods in living memory, provides a chapter-length case study. The exploration of the policy background and implications of TERM's dynamic modeling will provide food for thought in policy making circles worldwide, where there is a pressing need for solutions to similarly intractable problems in water management.

For some, Sweden is proof that a generous welfare state is fully compatible with a growing competitive economy. For others, it is a frightening example of what big government can do to a once thriving economy. Sweden and the Revival of the Capitalist Welfare State tackles a number of controversial questions regarding Sweden's economic and political development: How did Sweden become rich? How did Sweden become egalitarian? Why has Sweden since the early 90s grown faster than the US and most EU-countries despite its high taxes and generous welfare state? The author uses new research on institutions and economic reforms to explain the rise, the fall and the recent revival of the Swedish welfare state. The central argument is that a generous welfare state like that of Sweden can work well, provided that it is built on well-functioning capitalist institutions and economic openness. The book expertly explains how Sweden developed from a poor and highly unequal society to one of the richest and most egalitarian countries in the world by building a universal welfare state on a capitalist foundation. It also engages in an important discussion about the current and future challenges for the welfare state in general. The book will fit well in introductory and advanced courses on welfare state policy, social work, sociology, economic history, institutional economics and political science. In all these disciplines, the case of Sweden has always provoked interest and debate, due to Sweden's combination of prosperity, equality and extensive welfare state. The rapid pace of change in Sweden over the last 25 years, however, means that most other books are descriptively dated. Contents: 1. Introduction 2. Prosperity and equality: The golden years 1870-1970 3. The 'not quite so golden' years 1970 - 1995 4. The return of the capitalist welfare state 5. The capitalist welfare state's bloc-transcending history 6. The consequences of increasing competition 7. The resilience of labor market regulation and rent control 8. Challenges ahead: Can the capitalist welfare state survive? Appendices Bibliography Index

This book examines the complex relations between democracy and social policy. Economic development is a necessary but not sufficient condition for welfare development. In industrial democracies, differences in the reach and organization of unions, presence of Left parties in government, and social pacts, account for much of the variation in welfare provision among countries. Social security is limited in democracies with low levels of industrialization, even though some countries with a social democratic orientation seem to have done well. Traditions of political rights, improvements in electoral competitiveness, and a pro-active judiciary may empower social movements to pressure governments in low-income democracies to introduce progressive social reforms.

Focused on unique features of economic development, this edited volume examines the nature and structure of corporate governance of several key state-owned enterprises in China and public sector units in India in five strategic sectors: oil and natural gas, steel, coal, electricity generation, and banking industries.

In the context of the financial and economic crisis, corporate governance and regulatory supervision failures are at the centre of public debates. Who controls the modern corporation, and why, has become one of the defining social power relations in contemporary capitalism. Regulation Corporate Governance in the EU fills a gap in the extensive literature on corporate governance and highlights the political nature of EU corporate governance regulation. Laura Horn advances a critical political economy perspective focusing in particular on political struggles and processes of the neoliberal transformation of company law and corporate governance regulation. Her findings about the marketization of corporate control are at the core to a better understanding of the broader context of capitalist restructuring in the European Union.

...sober and extremely well-researched book.' - Inder Malhotra, Business World;This book examines the economic and technological basis for India's rise to power and the political factors that shape the nature of the power it will develop into. It shows that while India has concentrated on many of the scientific and technical capabilities that serve the needs of a rising power, it has not been able to achieve a balanced process of development. This imbalance feeds sub-national political discontent and undercuts the very power that India has sought to acquire, thus delaying her rise to power.

The Next Economics focuses on how the field of economics must change and incorporate environment, energy, health and new technologies that are called externalities for stopping and reversing climate change. The field of economics needs to become a science. Economics in this book for the Green Industrial Revolution which goes beyond the third industrial revolution since it covers cases, examples and specific economic analyses that both scientific and global. The book concerns climate change and how the Economics for Externalities, needs to range from energy and national security to infrastructure and communities. Solutions and cases of the "Next Economics" are based in western philosophical economic paradigms and how that is changing due to the significance of current global economic and societal concerns. Finally practical applications for economics are explored using global environmental and energy issues. Areas that need a fresh look at and be integrated with economics, include the environment, social and political issues, energy, health climate change and their infrastructures, as they are major components of the macroeconomics for the future. Based on past economic models, these subjects have been lost or ill fitted into modern economic theory. The challenge is to explore and to look deeply into economics in order to provide it a new direction with the possibility for understanding, changing and saving the planet from climate change. This book presents to economists and policy-makers alike areas of environmental economics, energy policy, health and social issues which are needed to stop and reverse climate change.

This book re-examines and brings to light the libertarian components of Marx's and Engel's political and economic thought. Central to the book is a discussion of the notion of freedom in Marx and Engel's work. In a post-Soviet world, there is a need to revise Marxism in the search for a libertarian foundation of political economy. The book argues that the libertarian foundations were present in Marx's and Engel's work and utilizes contemporary theory's of freedom to re-interpret and analyse their original work.

Combining theoretical and empirical insights, this book provides an in-depth analysis of South Asia's transition in the areas of democracy, political economy and security since the end of the Cold War. It provides a close scrutiny to the state of democracy and political economy in India, Pakistan and Bangladesh.

This study examines the sources, characteristics and implications of Iran's foreign policy in the post-Khomeini era. It concentrates on two geographic zones of interest: one composed of the countries which surround Iran; the other comprised of Islamic governments and movements beyond Iran's borders. It argues that fears, not just ambitions, have yielded a policy increasingly co-operative (especially in the economic sphere), yet in some respects still confrontational. There is also discussion of non-military aspects of national security and its implications for relations with neighbouring states and societies.

Place is an important element in understanding health and health care disparities. More that merely a geographic location, place is a socio-ecological force with detectable effects on social life, independent well-being, and health. Despite the general enthusiasm for the study of place and the potential it could have for a better understanding of the distribution of health in different communities, research is at a difficult crossroads because of disagreements in how the construct should be conceptualized and measured. This edited volume incorporates an cross-disciplinary approach to the study of place, in order to come up with a comprehensive and useful definition of place. Topics covered include: Social Inequalities, Historical Definitions of Place, Biology and Place, Rural vs. Urban Places, Racialization of a Place, Migration, Sacred Places, Technological Innovations An understanding of place is essential for health care professionals, as interventions often do not have the same effects in the clinic as they do in varied, naturalistic social settings.

This book delves into migration management via an original case study of a guest worker programme involving the circular migration to Spain of female Moroccan agricultural workers destined for the strawberry agri-food industry in the south. To ensure that they do return to Morocco, mothers of young children are first earmarked and then selected on the basis of their poor, rural origins and the supposed "delicacy of their hands". This book analyses the mechanisms through which migration and workforces are controlled, while also addressing the paradoxical experience of these female seasonal workers, at the intersection of domination and emancipation.

This book provides a systematic examination of the relationship between industrial clusters and poverty, which is analyzed using a multidimensional framework. It examines the often-neglected concept of social protection as a means of mitigating the risks and vulnerabilities faced by workers and citizens in poor countries. By analyzing the case of the Otigba Information and Communications Technology cluster in Lagos, Nigeria, the author shows under which conditions firms in productive clusters can pass on benefits to workers in ways that improve their living standards in the wider socio-economic and spatial context of the region. The results presented provide substantial evidence of opportunities for economic development, helping planners to explore different avenues for integrating firm-driven social protection into social policy.

This book marries the disciplines of International Relations and Diplomatic History to provide a major new study of the GATT system in the 1960s. Using recently declassified British and American government documents, this book identifies the key role British diplomats played at the Kennedy Round. Through the close ties that characterise the Anglo-American relationship, the British influenced American policy and strategy in the negotiations. The evidence of this study challenges realist theories of middle power influence in the international political economy by demonstrating the determining role of state-level factors such as diplomatic skill and policy expertise.

An interdisciplinary group of scholars from the global North and South critically explore the global deepening of market economy models. In case studies including Asia, the Middle East and Latin America, they examine the associated tensions of livelihood and ecology in the current context of global economic crisis, considering issues of natural ecology, water use, health, childcare, technology and work, migration, and economic growth. The analysis of the complex connections between domestic and global dynamics across diverse cases and issues helps reveal that state-centric approaches are still hovering over the politics of restructuring through which conformity to economic growth is addressed.

After the fall of Mubarak, Ben Ali, and Qadafi, the Arab World faces multiple challenges especially with regard to political transformation and governance. The diverse experiences highlighted the vital role of the periphery and of seemingly marginal actors. Although the political landscape of the region changed within months, such developments were rooted in long-term transformations of governance structures. This volume examines the questions of how politics and the state in the MENA is shaped and challenged beyond the center. It develops a novel perspective in Middle Eastern studies center on micro-politics, assess its contribution to the understanding of authoritarian rule and its transformation. It closely links innovative (anthropologically inspired) analytical concepts and ethnographic in-depth case studies from the Arab world. Based on the debates on politics from below and dynamic concepts of state, all the chapters focus on informal institutions, non-elite actors, and the dynamic and contradictory relationship between state and society.

This book examines how firms adapt to the pressures of increasing international competition by testing the arguments on "strategy specialization" proposed in the competitiveness literature in general, and by contributors to the "varieties of capitalism" debate in particular. If different economies are characterized by distinct institutional arrangements, successful firms would be those that exploit the related comparative advantages and specialize in the competitive strategies facilitated by national institutions.
One Political Economy, One Competitive Strategy? begins with an assessment of how many pharmaceutical firms in Germany, Italy, and the UK pursue strategies facilitated by national institutions governing the financial markets, antitrust activities, and the labor market. Quantitative analyses reveal that deviant firms, competing through institutionally unsupported strategies, outnumber conforming firms by far. Not only does this finding run counter to the expectations of the competitiveness literature, it brings up a whole new line of inquiry. How can firms compete through strategies that are not supported by national institutions? The book addresses this question and illustrates that firms do not necessarily exploit comparative institutional advantages, but that they can also circumvent institutional constraints. International markets and individual collaboration on a contractual basis allow firms to compete despite comparative institutional disadvantages. These findings suggest that trade liberalization does not lead to strategy specialization but to strategy diversification, depending on the inventiveness of entrepreneurs to develop individual approaches to compete.

Regional economic organizations of developing countries have a mixed record of success. The author examines national decisions, regional institutions and selected cases using a cognitive framing model in order to better understand the reasons behind their failures and successes. Case studies are included on Chile (Andean Pact), Nigeria (ECOWAS) and the Philippines (ASEAN). This study will interest researchers and graduate-level students of regional economic integration, political economy of developing countries, as well as specialists in Latin America, West Africa, and Southeast Asia.