The first of its kind, this book critically and systematically addresses questions about China?'s high-speed rail diplomacy and ?'one belt, one road?' initiative. Gerald Chan argues that ?'geo-developmentalism?' is currently being formed in China, and explores its international impact. Understanding China?'s New Diplomacy offers an in-depth examination of how China has risen so quickly to become a high-speed rail superpower, and how this has impacted positively and negatively on other countries, particularly its neighbours in Asia. Chan also highlights the challenges the initiative poses to the state, particularly in balancing these projects to maintain China?'s status as both a land and maritime power. By reviewing the country?'s unique style of state capitalism and its success of absorbing foreign train technology, new developmental methods exclusive to China are revealed. Government officials, foreign policy makers and students with a keen desire to discover more about Chinese foreign policy and international relations would greatly benefit from the expert insight into China?'s geopolitical future.

This thoroughly updated second edition incorporates key ideas and discussions on issues such as wider economic impacts, the treatment of risk and the importance of institutional arrangements in ensuring the correct use of technique. Gines de Rus considers whether public decisions, such as investing in high-speed rail links, privatizing a public enterprise or protecting a natural area, may improve social welfare. Key features include: A comprehensive overview of the philosophy of the Cost-Benefit Analysis approach to appraisal to engage students with a basic model for informing responsible decision-making Expert blending of relevant case studies with insightful analysis, enabling students to see the model's application to real-world scenarios An accessible and readable style, which encourages classroom discussions as well as insights for the practical application of this economic tool. Introduction to Cost-Benefit Analysis is an ideal textbook for graduate and advanced undergraduate students of economics, engaging with important ideas and the latest thinking in the field. It will also benefit economists and practitioners involved in the economic evaluation of projects. Acclaim for the first edition: 'In Introduction to Cost-Benefit Analysis, Gines de Rus provides the conceptual foundations of a cost-benefit analysis undertaken for public investments. . .This book serves well as an introductory textbook for courses in urban planning, public economics, and policy and program evaluation for advanced undergraduate and graduate students. . .economists may find it useful as a guide of the basics of cost-benefit analysis.' - Uma Kelekar, Journal of Planning Education and Research 'Gines de Rus has produced an excellent book which will be very useful to advanced undergraduate and graduate students in public economics as well as to professional economists working with project evaluations. The book can serve as a manual for how to undertake best-practice project analysis within a broad range of projects but in particular within the transportation sector. This text is highly recommended.' - Per-Olov Johansson, Stockholm School of Economics, Sweden 'This book shows that cost-benefit analysis does not need to be an esoteric and arcane subject. In a step-by-step presentation, with little more than introductory microeconomics, some clear reasoning, and many examples, Professor Gines de Rus presents the essentials of applied welfare economics concepts. Any undergraduate student or practitioner who wants to start their training in CBA should consider reading this text.' - Massimo Florio, University of Milan, Italy

This work on environmental planning focuses on open-cast mining. It addresses the issues around open-cast mining that are central to the context of social science debate: risk; the division of public and private; environmental protest and politics; and new social movements.

How can governments control spending pressure from influential groups, often representing powerful regional interests? This book is concerned with institutional solutions that allow modern nation states to balance historically grown cultural, political and economic diversity.Laura von Daniels combines different literatures in economics and political science, and draws on interviews with former government leaders, and country experts from international organizations. She applies this research to topics such as fiscal institutions and budget balances, presenting a critical review of different institutional approaches to resolving fiscal imbalances and public indebtedness. Students and scholars of various disciplines, including politics, public and social policy, economics and business will find the discussions and detailed description of institutional reforms in emerging market nations to be of use to their research. It will also be of interest to practitioners working on fiscal decentralization and budget control.

The Handbook of the International Political Economy of Production offers a comprehensive, state-of-the-art overview of the changing world of global production. The book explores the topic in a range of directions, including the human material 'used' in production across the globe and alternatives proposed from different quarters.Chapters cover the geography of why and where jobs are moving in both manufacturing and services. The doubling of the world's available labor supply after the opening up of the planned economies in Europe and Asia has sharply tilted the balance of power towards giant corporations. Labor and the politics of work is analyzed in a number of key countries. Possible signs of a recovery of organized labor's negotiating power on this vastly expanded playing field are discussed in separate chapters, and a complete overview is provided of labour research networks currently active. This important volume addresses topics relating to the human and natural basis on which production rests, from the consequences of the exploitation of the body and mind to sex work, biotechnology, and the prospects for ecological re-balancing. Written by a team of authors from fourteen different countries and comprising some of the biggest names in contemporary social science as well as topical specialists, this Handbook will prove a critical resource to political economists at all levels, trade unionists and NGO activists in the labor and human rights sphere, politicians and journalists. Contributors: J. Baines, A. Bhattacharjee, M. Boyer, D. Bradanini, U. Brand, J. Chan, C.B.N. Chin, M. Davies, R. Delgado Wise, R. Desai, A. Fishwick, A. Freeman, S. Gindin, K. Gray, J.-C. Graz, Y. Gromyko, J. Harrod, O. Holman, R. Ihara, Y. Jang, S. Kay, D.T. Martin, S. McGrath, J. Merk, P. Moore, L. Panitch, M. Paterson, N. Pun, A. Roy, S. Sassen, M. Selden, B. Selwyn, G.M. enalp, OE. enalp, W. Seppmann, B.J. Silver, K. Strauss, M. Wissen, J. Wullweber

Routledge Library Editions: Slavery is a collection of previously out-of-print titles that examine various aspects of international slavery. Books analyse the Atlantic slave trade, and its effects on Africa; modern slavery around the world; slave rebellions and resistance; the Abolitionist movements; the suppression of the slave trade; slavery in the ancient world; and more besides. These writings form part of the vital research into slavery through the ages, and together form a succinct overview.

Innovatively rethinking the discipline of political economy, Fred P. Gale builds on a range of contemporary examples to develop a pluralistic conception of sustainability value that underpins sustainable development. He identifies why current approaches are having no meaningful impact and unifies diverse perspectives into one integrative approach. This definitive work argues that sustainability value?s realization requires a complete rethink of the way firms and polities are governed, challenging the idea that preferences are rational. Treating sustainability value as supervening on four other elemental economic values, the book illustrates how '?tetravaluation?' is being partially realized at the level of the firm and the state. With vast differences in institutional requirements across conventional liberal, nationalist and socialist frameworks, Gale implores political economy to abandon its monistic modernist legacy and embrace the pluralistic, reflexive and interdisciplinary standpoint that sustainability demands. With striking implications for existing political, economic and cultural institutions, Gale offers a new perspective on generating better policy outcomes for public policy professionals and sustainability practitioners. This book is a must-read for public policy theorists, political and ecological economists, and environmental policy researchers, as Gale challenges the conventional ideas linked to the functioning of liberal democracy and explores the future of political economic thought.

Part of The Elgar Series on Central Banking and Monetary Policy, this book explores the relationship between central banking, monetary policy and income distribution. The usual central bank mandate - that of exclusively fighting inflation - is being increasingly questioned by policymakers and academics. Many countries are finding that there is a need for broader mandates that will have an impact on economic activity, unemployment and other economic issues. The chapters present a multitude of theoretical views on this topic, from classical and Marxist views to mainstream and post-Keynesian approaches. They consider the democratic aspects of central banking, critically assess the distributional outcomes of inflation targeting regimes and explore policymaking implications. Policy makers, academics and the financial press will appreciate the relevance of the material and state of the art discussions featured in Central Banking, Monetary Policy and Income Distribution.

This Handbook offers a comprehensive overview of the latest research from leading scholars on the international political economy of energy and resources. Highlighting the important conceptual and empirical themes, the chapters study all levels of governance, from global to local, and explore the wide range of issues emerging in a changing political and economic environment. The original contributions analyse energy as a highly complex, interconnected policy area, including how energy markets and regimes are constituted and the governance institutions that are being designed to challenge existing establishments. A number of contributors focus on intersections between energy and other policy fields or sectors, or nexes. These include the climate change, energy and low carbon transitions nexus; the food, water and forestry nexus; the energy, resources and development nexus, and the global?national?local nexus in energy. Significantly, this Handbook ties the contributions together by exploring opportunities for sustainable transitions and avoiding resource scarcity whilst taking other social needs, such as development, into account. This Handbook will be an essential resource for scholars and students of international political economy, governance and development studies as it covers: the environment, development, human rights, global production, energy transitions and energy security. Contributors include: L. Baker, T. Boersma, J. Britton, E. Brutschin, J. Burton, A.A. Camba, R. Falkner, T. Foxon, C. Fraune, A. Goldthau, D. Gritsenko, A. Hira, R. Hiteva, L. Hughes, J. Jewell, M.F. Keating, C. Kuzemko, A. Lawrence, F. Lira, A. Losz, K. Lovell, H.E.S. Nesadurai, M. Nilsson, S. Onder, R. Quitzow, S. Raszewski, W.B. Renfro, J. Sharples, N. Sitter, M. Skalamera, B.K. Sovacool, C. Strambo, J. Wilson

A New York Times Book Review Editors' Choice A Public Books Best Book of the Year "An opportunity for readers to see Piketty bring his larger argument about the origins of inequality and his program for fighting it into high relief." -Nicholas Lemann, New York Times The world's leading economist of inequality presents a short but sweeping and surprisingly optimistic history of human progress toward equality despite crises, disasters, and backsliding. A perfect introduction to the ideas developed in his monumental earlier books. It's easy to be pessimistic about inequality. We know it has increased dramatically in many parts of the world over the past two generations. No one has done more to reveal the problem than Thomas Piketty. Now, in this surprising and powerful new work, Piketty reminds us that the grand sweep of history gives us reasons to be optimistic. Over the centuries, he shows, we have been moving toward greater equality. Piketty guides us with elegance and concision through the great movements that have made the modern world for better and worse: the growth of capitalism, revolutions, imperialism, slavery, wars, and the building of the welfare state. It's a history of violence and social struggle, punctuated by regression and disaster. But through it all, Piketty shows, human societies have moved fitfully toward a more just distribution of income and assets, a reduction of racial and gender inequalities, and greater access to health care, education, and the rights of citizenship. Our rough march forward is political and ideological, an endless fight against injustice. To keep moving, Piketty argues, we need to learn and commit to what works, to institutional, legal, social, fiscal, and educational systems that can make equality a lasting reality. At the same time, we need to resist historical amnesia and the temptations of cultural separatism and intellectual compartmentalization. At stake is the quality of life for billions of people. We know we can do better, Piketty concludes. The past shows us how. The future is up to us.

'The thoroughgoing disaster inflicted on the global economy in 2008 by the gambling of the financial system should have resulted serious sanctions for financial actors and the jettisoning of any belief in the efficacy and fairness of the neoliberal regime. But the tepid action of policy makers has allowed the system to muddle through and undermined any remaining trust and faith among the polity. It is not hard to see the breakdown of political stability across the world in the last two to three years as resulting direct from the justified belief that the rules of the global economy favor the very few. In this book, a group of critical scholars painstakingly identify and illuminate key aspects of the global financial system that continue to reinforce global inequalities of power and that contribute to dangerous political and economic instability. Through a series of thorough case studies ranging from the macroeconomic instability engendered by untrammeled capital flows, to the way sovereign debt restructuring favors northern creditors, to the hierarchy of the monetary system that concentrates enormous power in the hands of a few central banks, these studies throw light on the ways global financial neoliberalism and political and social power work to undermine macroeconomic stability and social justice. It will be read by serious scholars of the political economy of finance with great interest.' - Arjun Jayadev, Azim Premji University, India and Institute for New Economic Thinking The essays in this book describe and analyze the current contours of the international financial system, covering both developed and developing countries, and focusing on the ways in which the current international financial system structures and is affected by profound inequalities in the international system. This keen analysis of key topics in international finance takes a heterodox perspective, with focus on the role of inequalities in power in shaping the structure and outcomes in the international sphere. The Political Economy of International Finance in an Age of Inequality begins with a discussion of capital flows and financial crisis, moves into an up-to-date discussion of the political economy of currency unions, and then focuses on analysis of capital flows and economic crises. New and established academics present a broad variety of special case studies within that general framework focusing on understudied yet important up to date cases from understudied regions and countries for a unique and important exploration of the field. This book will be of interest to students and specialists in international finance, who will benefit from the combination of the strong general framework and illustrative case studies. Its approach will appeal both to generalists and specialists. Contributors include: M. Arora, E. Braunstein, H. Comert, D. Dutt, N. Eichacker, G. Epstein, I. Grabel, S. Khalil, M. Majd, F. Perez, L.D. Rosero, Z. Ybrayev

Both growth and unevenness in the distribution of housing wealth have become characteristic of advanced societies in recent decades. This book examines, in various contexts, how central housing property ownership has become to household well-being as well as in reshaping social, economic and political relations. Expert contributors analyze the critical interactions between housing and wealth that lie at the heart of contemporary forms of capitalism, especially its global, neoliberal incarnation. Comparing and contrasting case studies from across the European continent, this book illustrates how these interactions are reshaping the function of housing as a welfare object, including how the financialisation and commodification of housing in the twenty-first-century has transformed its role and amplified distributional outcomes. Practical and engaging, Housing Wealth and Welfare is a must-read for researchers and students of housing studies, social policy, sociology, social geography and political science. It will also appeal to policy makers within national and supra-national organisations and institutions such as the European Union, Housing Europe and the International Monetary Fund. Contributors include: B. Bengtsson, S. Buchholz, C. Dewilde, J. Doling, T.P. Gerber, K. Kolb, S. Koeppe, C. Lennartz, S. Mandic, M. Mrzel, M. Norris, R. Ronald, H. Ruonavaara, B.A. Searle, A.M. Soaita, J. Sorvoll, A. Wallace, J.R. Zavisca

Towards socialist democracy is written for those engaged in struggles against capitalism around the world. It examines the history of the struggle for socialism in the twentieth century, and draws on the lessons of the bureaucratic usurpation of the Russian workers' revolution, and of the revolutions that put a bureaucracy in power in China, Cuba and other countries. Outlining the conditions of wealth and poverty in the world economy today, and looking briefly at recent uprisings in Latin America, it argues that socialism is still a necessity, which can only be achieved through nationalisation of the commanding heights of the economy, under workers' control and management, on an international scale. It explores the history of the battle for national and social liberation in South Africa, from the 1920s through the 1980s, critically examining the policies of the leadership of the South African Communist Party. Finally, it reviews the economic record of the ANC government since 1994 and stresses the need for a mass workers' party in South Africa to take up the struggle for national (and international) social justice and socialism.

Innovatively rethinking the discipline of political economy, Fred P. Gale builds on a range of contemporary examples to develop a pluralistic conception of sustainability value that underpins sustainable development. He identifies why current approaches are having no meaningful impact and unifies diverse perspectives into one integrative approach. This definitive work argues that sustainability value?s realization requires a complete rethink of the way firms and polities are governed, challenging the idea that preferences are rational. Treating sustainability value as supervening on four other elemental economic values, the book illustrates how '?tetravaluation?' is being partially realized at the level of the firm and the state. With vast differences in institutional requirements across conventional liberal, nationalist and socialist frameworks, Gale implores political economy to abandon its monistic modernist legacy and embrace the pluralistic, reflexive and interdisciplinary standpoint that sustainability demands. With striking implications for existing political, economic and cultural institutions, Gale offers a new perspective on generating better policy outcomes for public policy professionals and sustainability practitioners. This book is a must-read for public policy theorists, political and ecological economists, and environmental policy researchers, as Gale challenges the conventional ideas linked to the functioning of liberal democracy and explores the future of political economic thought.

The development of political economy as a philosophical preoccupation constitutes a defining feature of the Enlightenment, but no consensual agreement on this issue was formed in the period. In this book contributors reassess the conflicting views on money, trade, banking, and the role of the State in the work of leading figures such as Locke, Davenant, Toland, Berkeley and Smith, and Smith's critics in revolutionary France. Key events, from the Recoinage crisis in the 1690s to the South Sea Bubble in the 1720s and the consequences of the French Revolution, sharpened the need for a more dynamic conception of economic forces in the midst of the Financial Revolution. Political economy emerged as a disruptive force, challenging philosophers to debate and define unstable phenomena in a new climate of expanding credit, innovation in money form, political change and international competition. In Money and political economy in the Enlightenment contributors investigate received critical assumptions about what was progressive and what was backward-looking, and reconsider traditional attempts to periodise the Enlightenment. Major questions explored include: the impact of economic and political crises on philosophy; transitions from mercantilist to 'classical' analyses of the market; the challenge of reviving ancient republicanism on the foundations of a modern commercial system, with its inherent social inequalities.

Institutional economics is a sociocultural discipline and policy science which draws on the idea that economies are best understood through an appreciation of history, real-world institutions, and socioeconomic interrelations. This book brings together leading institutionalists to examine the tradition's most essential perspectives and methods. The contributors to the book draw on a broad range of institutional thought from the classic work of Thorstein Veblen, John R. Commons, and Karl Polanyi, to the newer viewpoints of post-Keynesian institutionalism, feminist institutionalism, and environmental institutionalism. Methods range from frameworks used to analyze public policy and institutional change, to modes of analysis including myth busting, historically grounded narratives, and computer-based simulations. Each chapter surveys the origins, development, key features, applications, and frontiers of a particular viewpoint, framework, or mode of analysis. Due consideration is given to both strengths and weaknesses; and woven into the chapters is attention to core institutionalist concepts, including technology, institutions, culture, and complexity. The book provides economists with promising starting points for new research, students with contributions refreshingly in touch with the real world, and policymakers and social scientists with compelling reasons for engaging further with the institutionalist tradition.

This ambitious work provides a history and critique of neoliberalism, both as a body of ideas and as a political practice. It is an original and compelling contribution to the neoliberalism debate. The Neoliberal Paradox challenges the standard interpretations of neoliberalism that focus on limited government and free markets. Instead, Ray Kiely reveals the ways in which the neoliberal project is reliant on state power. The history and application of neoliberalism is discussed from the Austrian and ordo-liberal schools in the 1930s and the Chicago School after 1945, through to developments such as the New Right and the third way, before finally considering the impacts of the financial crisis of 2008, the rise of Trump and Brexit. By exploring the full breadth of neoliberal theory and practice, in addition to the arguments of key thinkers, Kiely explores how neoliberalism has renewed itself in times of crises and turns his gaze towards the future. This book will provide a stimulating read for academics and advanced students in the fields of politics, human geography and sociology, in addition to those working in the public sector.

Institutional theory has become one of the dominant organizational approaches in recent decades. Its roots can be traced to Europe and an important intellectual objective of this book is to examine North American theory strands and to reconnect them with European research traditions in order to explore new perspectives. For that purpose, this book focuses on how organizations and individuals handle heterogeneous and challenging social conditions which are subsequently reflected in various forms of change. In particular, the book: sheds light on neo-institutionalism from a European perspective examines neo-institutionalism in North American sociological and organizational theories and (re-)connects them with European research traditions explores novel and innovative methodologies to analyse institutions analyzes institutional and organizational change links micro- and macro-approaches to institutions reconnects organizational institutionalism with sociological theories. Finally, the book includes an afterword by John Meyer which is intended to stimulate further discussion. New Themes in Institutional Analysis will appeal to students and academics in organization, management and institutionalism. Contributors include: J.L. Alvarez, N. Arnold, C. Berg Johansen, S. Boch Waldorff, S. Bohn, M. Bottura, R. Corrado, G. Delmestri, G.S. Drori, B. Forgues, R.O. Friedland, M.A. Hoellerer, T. Klatetzki, K. Kloos, V.P. Korff, G. Krucken, M. Lounsbury, C. Mazza, J.W. Meyer, R.E. Meyer, A. Mica, A. Oberg, V. Odorici, C.R. Oelberger, M. Pawlak, W.W. Powell, B. Soppe, J. Strandgaard Pedersen, S. Svejenova, P. Walgenbach, E. Weik, A. Westenholz

The modern welfare state finds itself in the middle of two major upheavals: the impact of technology and immigration. Having taken in more refugees per capita than most other countries, the pillars of the Swedish welfare state are being shaken, and digital technologies are set to strengthen already existing trends towards job and wage polarization. The development of skills to keep pace with technology will enter into a critical period for the labor market in which inadequate policy responses could result in further inequality and polarization. In this regard, a platform-based labor market could help by opening up a vast range of new work opportunities. Marten Blix examines the implications of these trends that drive change in developed economies and, in particular, the impact that they have on Sweden and other European countries with rigid labor markets and comprehensive tax-financed welfare services. Increasing costs from immigration and rising inequality could further reduce the willingness to pay high taxes and erode support for redistribution. Failure to address challenges like this one could herald much more drastic changes down the road. There are already signs of economic and political tensions and there is a risk that the social contract could crack. This new discussion on the future of work and the welfare state will be of interest not only to scholars but in policy circles and corresponding societies in sociology, labor relations, political science and public administration.

First published in 1969, Advising Ministers is a general account of the arrangements for 'advising Ministers', based on a case-study, enabling the reader to judge the effectiveness of an advisory body in a particular case, which itself gained much publicity and in which hopes were high that results would be achieved. Mr. Smith's conclusions are based on published material and informed, shrewd deduction to provide a valuable addition to the all too meagre case-study material on British administration. This book will be of interest to students of history, sociology, economics and political science.

First published in 1956, The Post-War Condition of Britain measures the extent of changes in Britain since the thirties. It contains more than two hundred tables on such matters as the national income, employment, production and productivity, investment and consumption; health, education, housing, and the insurance, assistance and similar services; on Trade Unions and industrial relations; class structure, political attitudes and party organizations; and the problems of local government and town and country planning. It is simply written, demanding from the reader the minimum of technical knowledge of economics or other specialized studies, and it should serve as an invaluable reference book for all who need exact information.

A major book from one of the most influential and well-known economists of the 20th century, who coined the term 'creative destruction' His students include famous economists such as Robert Solow and the former Federal Reserve chairman, Alan Greenspan and The Economist magazine even had a column called 'Schumpter' for many years Schumpeter launched the idea of the 'business cycle' in this book, which has become a permanent feature of thousands of curricula in business and economics Includes a new foreword by Richard Swedberg

This book analyzes how financial liberalization affected the development of the financial crisis in Europe, with particular attention given to the ways in which power asymmetries within Western Europe facilitated financial liberalization and distributed the costs and gains from it. The author combines institutional narrative analysis with empirical surveys and econometrics, as well as country-level studies of financial liberalization and its consequences before and after the 2008 Global Financial Crisis. Author Nina Eichacker charts institutional liberalization and privatization of European finance from the 1960s onward and presents a survey of descriptive statistics that show how different financial stability, financial flow and macroeconomic variables have changed in Western Europe since the early 1980s, generally increasing financial and economic instability. It also demonstrates the change in securitization, and European banks' tendencies to hold securitized assets on their balance sheets. It creates a framework for understanding the power dynamics between national, industrial, and class interests in Western Europe that promoted secular financial liberalization as well as the institutional design of the EMU that mandated financial liberalization. Finally, it examines the process of financial liberalization in detail in three states, Iceland, Ireland, and Germany. Students and researchers interested in financial liberalization and financial crises as well as policymakers will find the analyses in this book invaluable.

What should businesses consider in preparing for terrorist attacks, natural disasters, pandemic illnesses and other emergencies? What steps can a business take to ensure continuity during and after a crisis? What can we learn from past success? This edited collection provides responses to these and other questions from prominent business executives and academics, drawn from their personal experiences with such crises as the terrorist attacks of 9/11, Hurricane Katrina, and the Asian tsunami. Their analyses prove a major step forward in the emerging academic and professional field of homeland security. In this first volume, The Challenge of the New Age, the contributors- noted authorities in security and risk management, technology, public health, political science and business - look at specific ways disasters can impact businesses, both in the short and long term. They recount their experiences with terrorist attacks and natural disasters, and explore the potential impact of other hazards, such as a biological event or pandemic. Intended for business practitioners, real world operators, students and faculty, government leaders, and their libraries, the book demonstrates with historical examples the connectivity between threats, hazards, policies, jurisdictions, information, technology, leadership, and considerations of profit and loss. Those who want to benefit from best practices while avoiding mistakes of the past will find this an excellent place to start. Contributors: D. Alexander, F. Burton, B. Eggers, E. Gursky, W.I. Hancock, J. Jackson, P.B. Kurtz, P. Leitner, K. Lindsey, D.H. McIntyre, G. McNeal, M. Minor, G. Pellegrino, N. Saiff, G. Selig, K. Senser, C. Shays, G. Williams, D. Wyss

This book explores the interdependences of economic globalization, political tensions, and national policymaking whilst analysing opportunities for governance reform at both national and international levels. It considers how governance mechanisms can be fashioned in order to both exploit the opportunities of globalization and cope with the numerous potential conflicts and risks. The authors adopt a multidisciplinary approach based on various theories from economics, political science, sociology and law to provide new insights into globalization processes, their causes and effects and to further develop the understanding of, and interaction between globalization and governance. They underline the need to design innovative governance structures at national, regional, and global levels ? an unalterable precondition to overcome political, cultural, and distributional conflicts in a globalizing world. In conclusion, the book prescribes development strategies to successfully manage and overcome the political, cultural and distributional conflicts arising in a globalizing world.Highlighting the successes and failures of globalization, this challenging book will be warmly welcomed by scholars and researchers in various fields of economics including development economics, institutional economics, political economy, and the economics of transition. Those with an interest in regulation and governance, including policymakers and professionals in non-governmental organizations and development agencies will also find the book to be an invaluable tool.