In this unique contribution to economic sociology, Jeffrey Hass examines the impact of culture, norms and political authority on Russia's post-socialist transition. The interactions and contradictions of moral economies and market relations are examined, exploring the often overlooked social dimension to market-building in Russia.

The deregulation of domestic financial markets and the capital account in developing countries has frequently been associated with financial turmoil and macro volatility. The book analyzes the experience of Argentina, Brazil, Chile, China, Nigeria, Russia, South Africa, and Thailand, and draws implications for building development-friendly domestic and international financial architectures. The recommendations are made in light of the key challenge: to design and implement policies able to control macro volatility while building the rules of the financial game that will ultimately contribute to mitigating the sources of aggregate risk.

This open access book asks why and how some of the developing countries have "emerged" under a set of similar global conditions, what led individual countries to choose the particular paths that led to their "emergence," and what challenges confront them. If we are to understand the nature of major risks and uncertainties in the world, we must look squarely at the political and economic dynamics of emerging states, such as China, India, Brazil, Russia, and ASEAN countries. Their rapid economic development has changed the distribution of wealth and power in the world. Yet many of them have middle income status. To global governance issues, they tend to adopt approaches that differ from those of advanced industrialized democracies. At home, rapid economic growth and social changes put pressure on their institutions to change. This volume traces the historical trajectories of two major emerging states, China and India, and two city states, Hong Kong and Singapore. It also analyzes cross-country data to find the general patterns of economic development and sociopolitical change in relation to globalization and to the middle income trap.

Today's society is completely dependent on critical networks such as water supply, sewage, electricity, ICT and transportation. Risk and vulnerability analyses are needed to grasp the impact of threats and hazards. However, these become quite complex as there are strong interdependencies both within and between infrastructure systems. Risk and Interdependencies in Critical Infrastructures: A guideline for analysis provides methods for analyzing risks and interdependencies of critical infrastructures. A number of analysis approaches are described and are adapted to each of these infrastructures. Various approaches are also revised, and all are supported by several examples and illustrations. Particular emphasis is given to the analysis of various interdependencies that often exist between the infrastructures. Risk and Interdependencies in Critical Infrastructures: A guideline for analysis provides a good tool to identify the hazards that are threatening your infrastructures, and will enhance the understanding on how these threats can propagate throughout the system and also affect other infrastructures, thereby identifying useful risk reducing measures. It is essential reading for municipalities and infrastructure owners that are obliged to know about and prepare for the risks and vulnerabilities of the critical infrastructures for which they are responsible.

Justin O'Connor and Lily Kong The cultural and creative industries have become increasingly prominent in many policy agendas in recent years. Not only have governments identified the growing consumer potential for cultural/creative industry products in the home market, they have also seen the creative industry agenda as central to the growth of external m- kets. This agenda stresses creativity, innovation, small business growth, and access to global markets - all central to a wider agenda of moving from cheap manufacture towards high value-added products and services. The increasing importance of cultural and creative industries in national and city policy agendas is evident in Hong Kong, Singapore, Taiwan, South Korea, Beijing, Shanghai and Guangzhou, Australia, and New Zealand, and in more nascent ways in cities such as Chongqing and Wuhan. Much of the thinking in these cities/ countries has derived from the European and North American policy landscape. Policy debate in Europe and North America has been marked by ambiguities and tensions around the connections between cultural and economic policy which the creative industry agenda posits. These become more marked because the key dr- ers of the creative economy are the larger metropolitan areas, so that cultural and economic policy also then intersect with urban planning, policy and governance.

Browning and Kilmister review the nature and possibility of critical political economy in the light of recent post-modern and cultural theory. They provide an historical understanding of critical political economy, focusing on the development of the critical perspectives on capitalism of Hegel and Marx. They then review post-Marxist, post-structuralist, ecological and feminist standpoints that challenge notions of critical political economy sustained in the Hegelian-Marxist tradition. This study of critical and post-critical political economy concludes by arguing for the integration or these standpoints within a revitalized critical perspective.

This book offers a comprehensive comparative perspective on the increasingly significant development cooperation activities of the BRICS. Providing a powerful set of insights into the drivers for engagement within each country, it brings together leading experts from Brazil, Russia, India, China, South Africa and OECD countries. The authors review the empirical evidence for the BRICS' modes of development cooperation and their geographical reach, and explore the historical background and patterns of international development engagement of each country. They also present a cutting-edge analysis of the broader geopolitical shifts, distinctive ideologies and normative discourses that are influencing and informing their engagement in increasingly ambitious joint projects such as the New Development Bank. This collection is essential reading for anyone seeking to understand the rapidly changing landscape of international development.

This wide-ranging, interdisciplinary analysis blends history, economics, and politics to challenge most of the prevailing accounts of the rise of U.S. militarism. While acknowledging the contributory role of some of the most widely-cited culprits (big oil, neoconservative ideology, the Zionist lobby, and President Bush's world outlook), this study explores the bigger, but largely submerged, picture: the political economy of war and militarism. The study is unique not only for its thorough examination of the economics of military spending, but also for its careful analysis of a series of closely related topics (petroleum, geopolitics, imperialism, terrorism, religious fundamentalism, the war in Iraq, and the Palestinian-Israeli conflict) that may appear as digressions but, in fact, help shed more light on the main investigation.

This book investigates whether legal reforms intended to create a market-friendly regulatory business environment have a positive impact on economic and financial outcomes. After conducting a critical review of the legal origins literature, the authors first analyze the evolution of legal rules and regulations during the last decade (2006-2014). For that purpose, the book uses legal/regulatory indicators from the World Bank's Doing Business Project (2015). The findings indicate that countries have actively reformed their legal systems during this period, particularly French civil law countries. A process of convergence in the evolution of legal rules and regulations is observed: countries starting in 2006 in a lower position have improved more than countries with better initial scores. Also, French civil law countries have reformed their legal systems to a larger extent than common law countries and, consequently, have improved more in the majority of the Doing Business indicators used. Second, the authors estimate fixed-effects panel regressions to analyze the relationship between changes in legal rules and regulations and changes in the real economy. The findings point to a lack of systematic effects of legal rules and regulations on economic and financial outcomes. This result stands in contrast to the widespread belief that reforms aiming to strengthen investor and creditor rights (and other market-friendly policies) systematically lead to better economic and financial outcomes.

Rural regions in Europe are evolving under powerful boundary conditions such as globalisation, socio-cultural transformations and climate change, which in turn increases natural hazards. The regional land use and the evolvement of landscapes is increasingly shaped trends and drivers like infrastructural, energy or housing needs, globalised agricultural markets, and consumption habits. To face these challenges and to balance competitiveness with social cohesion, the "InnoLand research and development network" induces and accompanies promising land use innovations at the landscape scale in 10 European rural regions. Based on a common conceptual approach among the InnoLand partners, the development and implementation of new competitive strategies is conducted as a science-practice dialogue with strong commitment to the regional policy design for rural development. With this book, the network partners provide an overview and a comparative analysis of selected experimental regional approaches and give examples for the successful tackling of future opportunities and threats.

The book brings together implementation studies from the Asia Pacific countries in the context of the deadline of 2015 for achieving the Millennium Development Goals. The contributors to this volume are scholars belonging to the Network of Asia Pacific Schools and Institutes of Public Administration and Governance (NAPSIPAG). NAPSIPAG is the only non-West governance research network presently located at Jawaharlal Nehru University, New Delhi after having shifted from its original location at INTAN (Government of Malaysia) at Kuala Lumpur in 2009. Implementation is a less understood but a much debated area of governance research. It requires micro-level analysis of government agencies, service delivery departments and stakeholders on one hand and its national and global policy level connections on the other. Implementation studies are above disciplinary divides and subsequent disjunctions which inhibit explorations on policy downslides or failures. The studies relate to the new initiatives which governments across the region have undertaken to reach out to the MDG targets agreed upon in 2000. The focus of analysis is the policy framework, local capacities of both the government agencies and people in drawing partnerships with relevant expert groups, ability to bring transparency and accountability measures in transactions for cost-effective results, leadership and sustainability dimensions which influence the functioning of local agencies. The book is especially important in the background of 15 voluminous Administrative Reforms Commission Reports accumulating dust in India and similar efforts lying unattended in many other countries of this region as well. Countries like Malaysia, which has focused upon implementation strategies combined with timely evaluation and supervision of administrative agencies has almost achieved most of their committed MDGs. A special report of Malaysian efforts, initiates the debate of moving beyond the best practice research in implementation arena. The central idea of this book is to demonstrate the role of communities in making governance effective and government responsive to the needs of people.

Using figures from European Union members, the volume highlights the conditional effects of globalization, asset specificity, and domestic institutions. Far from being impotent, democratic states face politically powerful pressures to continue to shield social actors from the vagaries of the global market.

Combined with the US pivot to Asia, NATO enlargement could press Russia and a rising China into a tighter alliance--but with Russia playing the role of a junior partner. This book argues for bringing Russia, Ukraine, and Turkey into a new Euro-Atlantic confederation, not only in order to draw Moscow away from forging a closer military relationship with Beijing but also to help revitalize a Europe in crisis. Concurrently, Washington and Moscow need to work together to prevent disputes between North and South Korea, Japan, and China, as well as between Israel, Turkey, Saudi Arabia, Syria, and Iran from exploding into a major power war.

Structural change, economic growth and adequate exchange rate adjustment are key challenges in the context of EU eastern enlargement as are consistent macroeconomic policies. The authors focus on sectoral adjustment across industries in catching-up countries and explain changes in the composition of output this includes new aspects of the Chenery model. They describe and analyze the spatial pattern of specialization and adjustment in many countries. Theoretical and empirical analysis of foreign direct investment, innovation and structural change shed new light on economic dynamics in Old Europe and New Europe. As regards exchange rate dynamics both traditional aspects (such as the Balassa-Samuelson effect) and new approaches to understanding exchange rate developments are presented. Links between exchange rate changes and innovation are particularly emphasized.

Value without Fetish presents the first in-depth English-language study of the influential Japanese economist Uno Kozo's (1897-1977) theory of 'pure capitalism' in the light of the method and object of Marx's Critique of Political Economy. A close analysis of the theories of value, production and reproduction, and crisis in Uno's central texts from the 1930s to the 1970s reveals his departure from Marx's central insights about the fetish character of the capitalist mode of production - a departure that Lange shows can be traced back to the failed epistemology of value developed in Uno's earliest writings. By disavowing the complex relation between value and fetish that structures Marx's critique, Uno adopts the paradigms of neoclassical theories to present an apology rather than a critique of capitalism.

As the transition from socialism to a market economy gathered speed in the early 1990s, many people proclaimed the final success of capitalism as a practice and neoliberal economics as its accompanying science. But with the uneven achievements of the "transition"-the deepening problems of "development," persistent unemployment, the widening of the wealth gap, and expressions of resistance-the discipline of economics is no longer seen as a mirror of reality or as a unified science. How should we understand economics and, more broadly, the organization and disorganization of material life? In this book, international scholars from anthropology and economics adopt a rhetorical perspective in order to make sense of material life and the theories about it. Re-examining central problems in the two fields and using ethnographic and historical examples, they explore the intersections between these disciplines, contrast their methods and epistemologies, and show how a rhetorical approach offers a new mode of analysis while drawing on established contributions.

Population aging is perhaps the single biggest economic and social obstacle confronting Asia's future. The region-wide demographic transition towards an older population is fundamentally reshaping the demographic landscape, and is giving rise to two key socio-economic challenges. This timely book provides an in-depth analysis of these challenges and presents concrete policy options for tackling them. First, the expert contributors argue, Asia must find ways to sustain rapid economic growth in the face of less favorable demographics, which implies slower growth of the workforce. Second, they contend, Asia must find ways to deliver affordable, adequate, and sustainable old-age economic security for its growing elderly population. Underpinned by rigorous analysis, a wide range of concrete policy options for sustaining economic growth while delivering economic security for the elderly are then presented. These include Asia-wide policy options - relevant to the entire region - such as building up strong national pension systems, while other policy options are more relevant to sub-groups of countries. This stimulating and informative book will be of great interest to academics, students, and researchers with an interest in Asian studies, economics generally, and, more specifically, public sector economics. Contributors: Q. Chen, K. Eggleston, G. Estrada, L. Ladusingh, M.S. Lai, S.-H. Lee, L. Li, A. Mason, R. Matsukura, M.R. Narayana, N. Ogawa, D. Park, A. Ramayandi, K. Shin, A.-C. Tung

Most humans are significantly richer than their ancestors. Humanity gained nearly all of its wealth in the last two centuries. How did this come to pass? How did the world become rich? Mark Koyama and Jared Rubin dive into the many theories of why modern economic growth happened when and where it did. They discuss recently advanced theories rooted in geography, politics, culture, demography, and colonialism. Pieces of each of these theories help explain key events on the path to modern riches. Why did the Industrial Revolution begin in 18th-century Britain? Why did some European countries, the US, and Japan catch up in the 19th century? Why did it take until the late 20th and 21st centuries for other countries? Why have some still not caught up? Koyama and Rubin show that the past can provide a guide for how countries can escape poverty. There are certain prerequisites that all successful economies seem to have. But there is also no panacea. A society's past and its institutions and culture play a key role in shaping how it may - or may not - develop.

This book provides a comprehensive review of relations between China and the EU from the perspectives of politics, economy and culture in order to provide a better understanding of the development of the China-EU Strategic Partnership over the past ten years and to explore its future direction. It goes on to discuss China-EU relations against the backdrop of global governance, as well as China's relations with some of the EU member states. The final part of the report presents a comparative analysis of China-EU relations and EU-US relations. This book will help readers to better understand the status quo and to predict China-EU relations in the near future.

Violent Neoliberalism explores the complex unfolding relationship between neoliberalism and violence. Employing a series of theoretical dialogues on development, discourse and dispossession Cambodia, this study sheds significant empirical light on the vicious implications of free market ideology and practice.

This book argues that economic inequalities are devastating the socio-economic and political potential of developing countries. Inequality is worsening in most parts of the developing world - this is a timely examination of its causes and consequences. It suggests political and policy solutions to inequality. It looks at data from over 150 countries in an accessible way. Inequalities of wealth and income have a significant impact for the achievement of economic, political and human development in developing counties. This book argues that a high level of economic inequality undermines a country's growth potential, retards the development of social capital, and encourages corruption.

The book provides the first comprehensive comparative study of the socio-political effects of the Great Recession amongst European citizens. This book presents a detailed investigation of heterogeneity in the population within countries with respect to how citizens made sense of the crisis and how this impacted on their livelihoods, outlooks and political engagement. It analyses citizens' experiences of the economic crisis, the decline of living standards and deprivation by structural location as well as differences in economic outlooks. It examines the ways in which citizens from different social groups were able to be resilient to the effects of the economic crisis. Moreover, it shows how social support and social capital emerging from social relations contributed to resilience in the face of the crisis. It also examines citizen attitudes in relation to various welfare policies and to immigration and how support for populist parties are differentiated within the population. The book also looks at the impact of the crisis on different types of political action challenging incumbent governments and protesting against austerity policies.

China's agricultural growth in the since the 1970s has been called a miracle. An analysis of the sources of this miraculous growth is the focus of this volume. In addition, this book also investigates the impact of economic reforms on agriculture, the potential of grain production in China, and regional disparities in agricultural production and growth performance.

This book provides an account of what may happen to the energy sector in the former Soviet Union (FSU) in the medium to long-run, under alternative scenarios for macroeconomic reform. The analyses reveal the serious damage of the oil resource base caused by the reckless exploitation practices of the past. Production of oil and coal can recover only slowly from the doldrums of the early 1990s, but the potential to expand gas output is very considerable. Energy consumption practices have been extremely wasteful in the past. The total savings potential that could be accomplished as energy prices are allowed to rise, and incentives to economise on energy use are introduced, is huge. The likely evolution of FSU energy exports until 2005 is also explored, and the impact that changing export flows could have on the international prices of oil, coal and natural gas, is discussed in detail.

This is a sequel to the book by Dr. A. Ashimov and his colleagues, Macroeconomic Analysis and Economic Policy Based on Parametric Control. The authors have expanded both the developed mathematical apparatus and the scope of problems and applications stemming from the practice of steering a national economy of a small country in the dynamic environment of the international economic order. The developed theoretical foundation is used in Chapter 1 to suggest a decision support system operating in the framework of state economic policy making. Chapter 2 presents various mathematical models built on the basis of the available statistical data and provides quality assessment of these models. Parametric control problems are being formulated on the basis of these models as problems of mathematical programming, and the obtained solutions are subjected to analyses and interpretations. This is demonstrated by the analysis of the effect of uncontrollable factors on the problem solutions. Chapter 3 is aimed at the modelling and analysis of cyclic phenomena in economics and their structural stability. Chapter 4 presents solutions of specific problems of national economy and analysis and interpretation of their solutions. In summary, the authors formulate comprehensive mathematical models of some critical mechanisms in micro economics previously known only on a qualitative level. They provide vigorous mathematical analysis of the models that justifies their applicability for the formulation of parametric control problems, and the existence of model-based solutions. The complexity of the resultant problems is addressed by the formulation of the appropriate algorithms. The described methodology leads to the development of computer-based decision support systems.