Evaluates the current state of world (dis)order at a time of growing populism, nationalism and pandemic panic. Distils the implications of the 'civilisational state' for world order. Offers a prescriptive agenda for the coming post-pandemic age that recognises new powers of civilisational, state and hybrid non-state actors.

The regional trade governance architecture is in flux. The latest wave of regionalism in the form of mega-regional trade partnerships between countries with major shares of the world economy occurred in the aftermath of the Global Financial Crisis of 2008-09. The most systematically important mega-FTAs included the Trans-Pacific Partnership led by the United States (US), the China-backed Regional Comprehensive Economic Partnership, and the Transatlantic Trade and Investment Partnership between the European Union (EU) and the US. Drawing on policy diffusion and competitive regionalism literatures, Xianbai Ji develops an innovative model of competitive spill-over to uncover the historical and contemporary sources of mega-regionalism resulting from a temporal clustering of mega-FTA initiatives from great powers. In the book, mega-FTA is conceptualised as an instrument of geo-economic competition between the US, China, and the EU. Each aspired to leverage its mega-FTA to gain an edge over its rivals in economic, geopolitical, and legal terms. Through a mix-method research strategy involving computable general equilibrium modelling, game theory, desk research, and perception survey, Ji generates an impressive chorus of quantitative, qualitative, and perceptual data demonstrating that the rise of mega-regionalism was driven by the multidimensional competition between the US, China, and the EU over international economic benefits, geopolitical influence, and the authority to write rules governing emerging trade issues. This book will attract academics, think tankers, practitioners, and postgraduate students interested in regionalism, international trade, international political economy, applied trade policy analysis, great power competition, geo-economics, and international relations.

Drawing on Kaleckian and Kaldorian approaches, Political Economy of Contemporary Italy: The Economic Crisis and State Intervention explores the reasons behind the stagnation of the Italian economy from the 1970s and suggests policy solutions to ease the crisis. The central thesis of the book is that from the early 1990s Italy experienced a constant reduction of both private and public investment which, combined with increasing labour precariousness and wage moderation, contributed to the decline of both labour productivity and economic growth. It is argued that lack of industrial policies amplified the problem of the poor macroeconomic performance, since Italian firms - small-sized and non-innovating - were incapable of staying competitive on the global scene. Net exports did not compensate for the decline of public spending, private investment and consumption. It is also shown that, in these respects, Italy presents an interesting case study with wider ramifications for it was involved in the global process of intensifying the neoliberal agenda but at a faster rate than other OECD countries. The book concludes with a call for an alternative economic policy in order to promote innovation, reduce unemployment and stimulate economic growth. This book marks a significant contribution to the literature on the recent history of the European economy, Italian studies and the history of economic thought.

Combining balance sheet analysis with historical institutional analysis, this book traces the evolution of social sector financial balance sheets in the US from 1960 to 2018. This innovative historical-institutional approach, ranging from the micro level of households to the macro level of the federal government, reveals that the displacement of households by banks has been a long-term process. This gradual compounding of financialization is at odds with widely accepted views about financialization, contemporary banking theory, financial intermediation theory, and post-Keynesian and endogenous money approaches. The book returns to time-tested traditional principles of banking and taps unexpected affinities about market failures in transaction cost economics, financial intermediation theory, and core ideas in classic modern political and social economy about economic moralities and social reactions of self-defense against unfettered markets. This book provides an alternative explanation for the rise of finance and new ways to think about averting financialization and its devastating consequences. This book marks a significant contribution to the literature on financialization, social economics, banking, and the American political economy.

-A key title to show how psychology can be used to inform and affect policy - especially timely in the midst of the global pandemic and economic crisis -Covers a range of domains: health, environment, education, economics, work -Illustrated throughout with case studies and major empirical examples, and includes end-of-chapter questions, glossary and key concept boxes -Includes international range of contributors from academic and professional contexts. -Ideal for psychology and non-psychology students, as well as professionals looking for an accessible overview of the key topics. -This edition includes a new chapter showcasing the work of the Canadian Government's behavioral insights unit.

Providing a comprehensive and authoritative analyses of the impact of the Eurozone crisis on the European social dimension since 2010 - understood as the European Union's (EU) competence in employment and social policy - this book focusses on developments in five policy areas (employment, poverty and social exclusion, pensions, wages and healthcare), all of which form part of the EU's economic reform strategy, Europe 2020. It combines original empirical material and uses a unique theoretical approach to analyse the issue of EU governance and reveals that 'progress' under Europe 2020 has its consequences; notably a strengthened Brussels-led neoliberal prescription for EU social and employment policy problems. By drawing insights from political sociology and the strategic-relational approach to actors/institutions, this book will be of interest to students and scholars interested in EU politics, EU governance, political sociology, public policy and European integration.

Originally published in 1985, New Nationalisms in the Developed West is a collection of interdisciplinary and insightful essays on modern nationalist movements. The book argues that these movements have challenged the power of Western nation-states not from without, but from within their frontiers. The book's focus remains predominately on Western societies and the nationalist movements of nations against states. The essays in this book are detailed and innovative and analyse nationalism through theory, methodology and empirical evidence. The book's use of research methods deepens the comparative explanation of nationalist movements, and advances understanding of Western nationalisms as social movements and examples of social change in the developed world. This book will appeal to social scientists, in political science and sociology.

This book analyses the political and economic causes, mechanisms and impacts of the industrial tree plantation boom in China. In the past two decades, the industrial tree plantation sector has been expanding rapidly in China, especially in Guangxi Province. Based on extensive primary data, this book concentrates on the political economy of the sector's expansion with a focus on the recent and dramatic agrarian transformation involving the land-labour nexus, the impact on villagers' livelihoods, the role of the state, and political reactions from below. The book questions the stereotypical portrayal of local communities as the excluded villager. Instead, it demonstrates that this is a much more complex issue with varying levels of passive and active forms of inclusion and exclusion within local communities. While most literature focuses on crop booms for food and biofuel production the industrial plantation sector has largely been overlooked, despite it being one of the biggest sectors in the current rush for land. Filling this lacuna, this book also reveals that while China has traditionally been painted as a major land grabber and consumer of crop booms it is also a destination of foreign investment. In doing so the book highlights how large-scale foreign land deals can also take place in traditional 'grabber' countries like China which feeds into the wider debates about global land politics and resource grabbing. This book will be of great interest to students and scholars of land grabbing, rural development and agrarian transformations, as well as Chinese development.

Decades of neoliberal authoritarianism have propelled Turkey into crisis. Regime change, economic disaster and Erdogan's ambition to impose 'one-man rule' have shaken the foundations of Turkish political life, but what does this mean for workers? Moving beyond the headlines and personalities, this book uncovers the real condition of the working class in modern Turkey. Combining field research and in-depth interviews, it offers cutting-edge analyses of workplace struggles, trade unionism, the AKP's relationship with neoliberalism, migration, gender, agrarian change and precarity, as well as the Covid-19 pandemic and its impact on workers. Bringing together Turkish activists and scholars, this book is an inside look at the dynamics and contradictions of working-class resistance against Turkey's neoliberal authoritarian regime; from worker self-management to organised labour and rural struggles.

How to overcome barriers to the long-term investments that are essential for solving the world's biggest problems There has never been a greater need for long-term investments to tackle the world's most difficult problems, such as climate change and decaying infrastructure. And it is increasingly unlikely that the public sector will be willing or able to fill this gap. If these critical needs are to be met, the major pools of long-term, patient capital-including pensions, sovereign wealth funds, university endowments, and wealthy individuals and families-will have to play a large role. In this accessible and authoritative account of long-term capital investment, two leading experts on the subject, Harvard Business School professors Victoria Ivashina and Josh Lerner, highlight the significant hurdles facing long-term investors and propose concrete ways to overcome these difficulties. Presenting the best evidence in an engaging way by using memorable stories and examples, Patient Capital describes how large investors increasingly want and need long-run investments that have the potential to deliver greater returns than those in the public markets. Yet success in such investments has been the exception. Performance has suffered from both the limitations of investors and the internal structure of their fund managers, often resulting in the wrong incentives and a lack of long-term planning. Yet the challenges facing long-term investors can be surmounted and the rewards are potentially large, both for investors and society as a whole. Patient Capital shows how to make long-term investment work better for everyone.

1) This is a comprehensive volume on India's Industrial Policy and Performance. 2) The book is rich in empirical data and policy analysis. 3) This book will be of interest to departments of development studies and political economy across UK and USA.

Macroeconomics has always played host to contesting schools of thought, but recent events have exacerbated those differences. To fully understand the subject, students need to be aware of these controversies. Rethinking Macroeconomics: A History of Economic Thought Perspective introduces students to the key schools of thought, equipping them with the knowledge needed for a true understanding of today's economy. The text guides the reader through multiple approaches to macroeconomic analysis before presenting the data for several critical economic episodes, all in order to explore which analytical method provides the best explanation for each event. It covers key background information on topics such as the basics of supply and demand, macroeconomic data, international trade and the balance of payments, the creation of the money supply, and the global financial crisis. This anticipated second edition contains new chapters on Modern Monetary Theory, the Japanese economy, the European Union, and the COVID-19 crisis, bringing the story up to date and broadening the international coverage. Offering the context that is missing from existing introductory textbooks, this work encourages students to think critically about received economic wisdom. This is the ideal complement to any introductory macroeconomics textbook and is ideally suited for undergraduate students who have completed a principles of economics course. The book is fully supported with additional online resources, which include lecture slides and an instructor manual.

Macroeconomics has always played host to contesting schools of thought, but recent events have exacerbated those differences. To fully understand the subject, students need to be aware of these controversies. Rethinking Macroeconomics: A History of Economic Thought Perspective introduces students to the key schools of thought, equipping them with the knowledge needed for a true understanding of today's economy. The text guides the reader through multiple approaches to macroeconomic analysis before presenting the data for several critical economic episodes, all in order to explore which analytical method provides the best explanation for each event. It covers key background information on topics such as the basics of supply and demand, macroeconomic data, international trade and the balance of payments, the creation of the money supply, and the global financial crisis. This anticipated second edition contains new chapters on Modern Monetary Theory, the Japanese economy, the European Union, and the COVID-19 crisis, bringing the story up to date and broadening the international coverage. Offering the context that is missing from existing introductory textbooks, this work encourages students to think critically about received economic wisdom. This is the ideal complement to any introductory macroeconomics textbook and is ideally suited for undergraduate students who have completed a principles of economics course. The book is fully supported with additional online resources, which include lecture slides and an instructor manual.

Public Economics: A Concise Introduction provides a concise and non-technical overview of the role of government in the economy. Using the questions 'why?', 'what for?' and 'how?', the text initially surveys the place of the public sector in a market economy. It then considers the possible reasons which could justify government involvement. Next, the book examines the aims of state economic activity, and the instruments which a government has at its disposal. Lastly, the final chapter provides an illuminating tour of economic history and history of economic thought in relation to government economic activity. The book offers an international focus throughout, with examples taken from all over the globe. Readers are supported with a range of pedagogical features, including example boxes, chapter objectives and summaries, and end-of-chapter multiple choice and reflection questions. Public Economics: A Concise Introduction will be a valuable text for students on courses in public economics, welfare economics, public finance, public policy and related areas.

Public Economics: A Concise Introduction provides a concise and non-technical overview of the role of government in the economy. Using the questions 'why?', 'what for?' and 'how?', the text initially surveys the place of the public sector in a market economy. It then considers the possible reasons which could justify government involvement. Next, the book examines the aims of state economic activity, and the instruments which a government has at its disposal. Lastly, the final chapter provides an illuminating tour of economic history and history of economic thought in relation to government economic activity. The book offers an international focus throughout, with examples taken from all over the globe. Readers are supported with a range of pedagogical features, including example boxes, chapter objectives and summaries, and end-of-chapter multiple choice and reflection questions. Public Economics: A Concise Introduction will be a valuable text for students on courses in public economics, welfare economics, public finance, public policy and related areas.

This volume fills a gap in the literature regarding questions around the interactive dynamics between law and diplomacy on international trade and investment. It brings together lawyers and political scientists from Europe and Asia in an interdisciplinary effort at tracing the respective roles of law and diplomacy in the relations of the European Union (EU) with its trade and investment partners in Asia. Focusing on trade and investment relations with Asia, the EU presents a particularly interesting case as it has been a strong proponent of a rules-based international economic order for years and a frequent user of the formal procedures established in international treaties in case of disputes. At the same time, it has kept diplomatically active to adjust dispute management and international agreements to the needs and demands of the partners involved. Furthermore, not only is this region of crucial importance due to the presence of both vigorous emerging economies, like China, India and Vietnam, and more established partners, like Japan, EU-Asia relations also present a broad set of economic disputes and recent negotiation efforts analyzed in the contributions to this volume. This book will be of key interest to scholars and students of international trade/economic law, EU politics, EU external relations (law), international relations, diplomacy and more broadly to international relations and Asian studies.

This book analyses the political transition in West Bengal, India, which witnessed longest democratically elected Left regime of the world. It examines and compares micro-dynamics of political practices in India and delineates underlying political themes of state politics. The author explores the politics of land reform and the anti-land-acquisition movements which were critical points in the contemporary history of Bengal in independent India. The volume further delves into the caste and communal politics which had been latent until the Left Front's loss in the state, as well as the what sets apart politics in West Bengal from other Indian states. Based on thorough ethnographic research, this volume will be of great interest to scholars and researchers of South Asian studies, politics and political processes, sociology and social anthropology.

What lessons can be learnt from the accession to the World Trade Organization (WTO) of Russia, China, and Ukraine? Were there any peculiarities in the adaptation of their economies to the rules and norms of the organisation, and what impact did it have on the world trade system? This detailed, systematic, and comparative analysis of the social and economic impact of the accession of these countries to the WTO addresses these questions, presenting an economic and legal analysis of the reasons and consequences of their joining the WTO. Comparative legal and economic methods are used to explore the social and economic causes and consequences of membership for post-communist states and to suggest ways in which new members can adapt to WTO standards. This work will be of interest to experts and students in the fields of economics, jurisprudence, and customs affairs.

This book analyses the logic of applying the American Post-Keynesian economist Hyman Minsky's Financial Instability Hypothesis (FIH) to the financial crisis of 2007-08. Arguing that most theories of financial crisis, including Minsky's own, only describe events, but do not actually explain them, the book surveys theories of financial crisis that have been developed to describe instability in the post-WW2 US financial system and analyses them in their historical context. The book argues that explanation of the financial crisis of 2007-08 should involve interpretation of the concept of 'risk', which guides the construction and pricing of contemporary financial products such as derivatives and asset backed securities, as a form of 'liquidity', the concept that Minsky sought to explain the financial crises of the 1970s and 1980s with. The book highlights the continuing relevance of Minsky's theory of liquidity crisis as "immanent", in a historical sense, to the products and trading practices of modern finance, because these products were developed to obviate the crisis dynamics that Minsky described. Minsky's FIH can therefore inform historical understanding of the crisis of 2007-08 but is not directly explanatory itself. The book explores explanation of the financial crisis of 2007-08 interpreting 'liquidity', in practical historical terms, as involving a process of development out of prior crisis dynamics. Seeking to contribute to debates over the causes of the financial crisis of 2007-08 by blending a discussion of historicizing philosophy, economic theory and contemporary financial banking and trading practices this work will be of great interest to scholars of international political economy, heterodox economics and critical theory.

This book investigates civil society regionalization in Southern Africa. The point of departure is the study of 'new regionalism', which refers to the wave of regional integration globally since the 1980s. However, whilst the current regionalism studies undoubtedly contributes to a deeper understanding of regional processes, important gaps remain, in particular the relatively scant emphasis given to civil society. This particularly relates to regions in the global South, including Southern Africa. The overarching aim of this book is therefore to analyse the dynamics of civil society regionalization in Southern Africa, both empirically and from a theoretical perspective, through analysing the cases of trade and HIV/AIDS. The study finds that CSOs can be more active in regional governance than has previously been conceptualized and are also highly active in terms of constructing regionalization through framing issues and, to a less extent, making identities 'regional'. Furthermore, the book enhances knowledge of the heterogeneous nature of civil society regionalization. Lastly, it is demonstrated that 'going regional' is only partly an autonomous process and also has to be understood as under the influence of the deeper statist and capitalist social structures marking the regional order in Southern Africa.

This book offers the first critical engagement with the political economy of the Middle East and North Africa. Challenging conventional wisdom on the origins and contemporary dynamics of capitalism in the region, these cutting-edge essays demonstrate how critical political economy can illuminate both historical and contemporary dynamics of the region and contribute to wider political economy debates from the vantage point of the Middle East. Leading scholars, representing several disciplines, contribute both thematic and country-specific analyses. Their writings critically examine major issues in political economy-notably, the mutual constitution of states, markets, and classes; the co-constitution of class, race, gender, and other forms of identity; varying modes of capital accumulation and the legal, political, and cultural forms of their regulation; relations among local, national, and global forms of capital, class, and culture; technopolitics; the role of war in the constitution of states and classes; and practices and cultures of domination and resistance. Visit politicaleconomyproject.org for additional media and learning resources.

--One of the last books authored by the world renowned theorist. --Wallerstein's core text is supplemented by critique and commentary by 5 important intellectuals. --Sets the position of the global left today in a long historical frame

More than a decade since the global financial crisis, economics does not exhibit signs of significant change. Mainstream economists act on an idealized image of science, which includes the convergence of all perspectives into a single supposed scientific truth. Democratizing the Economics Debate shows that this idealized image both provides an inadequate description of what science should be and misrepresents the recent past and current state of economics. Economics has always been characterized by a plurality of competing perspectives and research paradigms, however, there is evidence of a worrying global involution in the last 40 years. Even as the production of economics publications has exploded, the economics debate is becoming less plural and increasingly hierarchical. Among several causes, the tendency to conformism has been exacerbated in recent years with the use of formal schemes of research quality evaluation. This book documents how such schemes now cover more than half of all economists worldwide and reviews the impact of biased methods of research evaluation on the stunting of levels of pluralism in economics. The book will be of interest to anyone who worries for the state of the democratic debate. As experts who intervene in the public debate, economists must assure society that they are working in the best possible way, which includes fostering a wide and fair scientific debate. It is this test of social legitimacy that economics currently fails.

* Provides a systematic assessment of the three key ethical perspectives on free markets, underpinned by recent empirical research * Final chapter provides a practical method for applying these ethical approaches to evaluate concrete economic policies * Each chapter offers a recommended further reading list, and digital supplements include a list of key terms and an example of the methodology being applied to a real-life policy.

The growing importance of Central and Inner Asia and the Silk Road is much discussed at present. This book compares the nature of present day networks in these regions with the patterns of similar connections which existed at the time of the Mongol Empire in the thirteenth century and its successor states. It considers settlement patterns, technology and technology transfer, trade, political arrangements, the role of religion and the impact of the powerful states which border the region. Overall, the book demonstrates that the Mongol Empire anticipated many of the networks and connections which exist in the region at present.