The regulation of financial markets and companies in Europe has undergone significant changes over the last decade. The Commission, Member States, and Parliament constructed regimes that facilitate new legislation, sanction delegation to the Commission for financial market law, and structure the cross-border regulation of companies within the single market. The substance of this book is about that regime development. In creating the regimes discussed in this book, EU leaders contributed to the ongoing constitutionalisation of Europe by contesting and constructing norms. Patterns of normative collision, collusion and coexistence determined whether and what kind of regime emerged. Each of the regimes required an explicit definition of the vertical relationship between the EU and the member states, and of the horizontal relationship amongst the member states. It defined the kind of regulatory state that would be required, the mix of European and national bodies involved, and the procedures they were to follow in carrying out their functions. It also defined what kinds of national variation in related economic and social policy would be regarded as legitimate. As they made these agreements, European leaders simultaneously articulated what it meant to be a member state in the single market, and what it meant to delegate responsibilities to the EU. This constitutionalised these ideals by sorting out the issues of EU and national responsibilities in a powerfully authoritative way. The theory of this book is about demonstrating the normative foundations of these constitutional agreements and showing how they had to be built on the shoulders of national ones.

This book is about the basis and scope of impact that Taiwan - a democracy with a population of around 23 million - has on China, the most powerful remaining Leninist state which claims sovereignty over Taiwan and has a population of over 1.3 billion. It examines how Taiwan has helped China in its economic transformation, but argues that the former exercises greatest influence through its soft power. The expert and timely contributions in this book demonstrate how Taiwan exerts real influence in China through admiration of its popular culture, be it in music or literature, as well as its reach into politics and economics. As mainland Chinese visit Taiwan, they are most impressed with civility in everyday living based on a modernized version of the traditional Chinese culture. However, discussions in the book also reveal the limits of Taiwan's impact, as the Chinese government tightly controls the narrative about Taiwan and does not tolerate any Taiwanese posing a threat to its monopoly of power.

After several years documenting the rise of China, award-winning Indian journalist Pallavi Aiyar moved to Brussels, the headquarters of the European Union, to discover a Europe plagued by a financial crisis and unsure of its place in a world where new Asian challengers are eroding its old and comfortable certainties. With a lively mix of memoir, reportage and analysis, Aiyar takes the reader on a romp across the continent, meeting workaholic Indian diamond merchants in Antwerp, upstart Chinese wine barons in Bordeaux, Sikh farmhands in the Italian countryside, and Indian engineers running offshore energy turbines in Belgium. In the Europe of today everything is in flux, as she discovers through conversations with Muslim immigrants struggling to define their identities, the austere bosses of Germany's world-beating companies and bewildered Eurocrats struggling to keep the European Union from splitting apart. Examining the diverse challenges the continent faces today, among them, bloated welfare states, the accommodation of Islam, the European ambitions of Indian and Chinese entrepreneurs, and ancient intra-cultural fissures. New Old World offers a panoramic look at Europe's first-world crisis from a unique Asian perspective.

Substantial disparities across different Chinese regions are one of the most prominent features in China's development process. This book investigates the mechanisms through which openness affects regional economic growth and interregional disparities in China. Based on the latest data and employing a variety of panel data regression techniques, it provides readers with new findings that shed light on the effects of openness on China's regional economic growth and the evolution of the country's interregional disparities.

This book provides new roads, perspectives, and a synthesis for tourism and regional science research. Tourism has become one of the most dynamic sectors in the economy and has exhibited a structurally growing importance over the past decades. In many countries the economic significance of tourism now exceeds that of traditionally strong sectors like agriculture or transportation. It is noteworthy that in recent times, tourism research has gained great momentum from the perspective of: the leisure society; the psychological tension between hard work and a more relaxed lifestyle; and the productivity-enhancing or productivity-diminishing effects of leisure, recreation, and tourism. An abundance of new literature in the field of tourism management can also be found, for instance, in the areas of hospitality management, cultural events management, destination competitiveness policy and marketing, and transportation and logistics strategies, while much attention is also being paid to the opportunities provided by digital technology for the tourism sector. In addition, in the light of the many negative externalities of a rapidly growing tourism sector, there is also an abundant literature on the environmental and sustainability effects of tourism. This book has the following objectives: to explore the interwoven connection between regional science and tourism research; to suggest promising pathways for innovative regional science research at the interface of tourism and space; and to demonstrate the need for a new perspective on the tourism and regional science nexus by means of empirical studies.

This book presents contributions by leading academics and practitioners from central banks to shed light on the function and impact of cash in Asian countries. It explores the impact of cash on society, the role of cash in monetary policy, and the future of cash in various monetary systems, contrasting case studies from China, Japan, Korea, and Singapore with experiences from Europe. Recently the role of cash in the economy has become a much-discussed topic in Europe, but the issue is also of considerable relevance in Asia. Singapore and South Korea, for example, are relatively advanced in the use of cashless payments for daily exchanges, while countries like Japan still largely rely on cash for a wide range of transactions. Some economists argue for the abolition of cash so as to facilitate transactions, reduce the monetary scope of criminal transactions, and expand the available options for monetary policy through negative interest rates. Opposing voices claim that such a step would reduce the freedom of individuals and lead to a greater potential for monetary repression. The abolition of cash could also significantly impact the public's monetary psychology, thereby influencing their inflation expectations, portfolio structure, saving behavior, and other important monetary parameters.

This book traces the historic relationships between cotton production, the international cotton trade and poverty south of the Sahara, and assesses various approaches to corporate social responsibility and nongovernmental policy advocacy in this area. Thousands of people around the world are currently engaged in efforts which they believe will make African cotton work better for the millions of people who grow this crop and the millions more who depend upon it. This book traces the historic relationships between cotton and poverty south of the Sahara and assesses aspects of the new social concern evident in the area. Taking an empirical international political economy approach, it details the ways in which globalization has enabled poverty reduction and poverty maintenance on African cotton farms. Sneyd argues that while cotton farming and poverty will be connected for many years to come, there is hope that these issues are now on the agenda.

From Clans to Co-ops explores the social, political, and economic relations that enable the constitution of cooperatives operating on land confiscated from mafiosi in Sicily, a project that the state hails as arguably the greatest symbolic victory over the mafia in Italian history. Rakopoulos’s ethnographic focus is on access to resources, divisions of labor, ideologies of community and food, and the material changes that cooperatives bring to people’s lives in terms of kinship, work and land management. The book contributes to broader debates about cooperativism, how labor might be salvaged from market fundamentalism, and to emergent discourses about the ‘human’ economy.

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.

The book pays tribute to the celebrated economist Professor Suresh Tendulkar's contribution and scholarship to economics, economic-policy making, and economic reforms in India. Professor Tendulkar served on numerous panels and commissions set up to reform diverse aspects of India's economy. To name a few, he served as the Chairperson of the Prime Minister's Economic Advisory Council, Chairman of the National Commission of Statistics, National Sample Survey Organisation, Committee on National Accounts, and as a member in the Fifth Pay Commission, the Disinvestment Commission (1996). He is credited with devising the new method to estimate poverty in India which resulted in India's poverty estimates being scaled up. This book primarily focuses on Professor Tendulkar's contributions on economic planning in India, the political economy of economic reforms, and his important conceptual and policy-relevant work on poverty measurement. The three sub-themes of the book - Economic Reforms and Policy Formulation, Poverty and Inequality, and Development and Trade - are indicative of his specific research interests, namely poverty and well-being, and India and the world economy. It covers both micro and macro aspects relevant to the Indian economy. The econometric techniques utilized encompass state-of-the-art microeconometric as well as macroeconometric models. The book contains contributions from eminent economists associated with Professor Tendulkar, and is useful for readers from the undergraduate through the Ph.D. level as well as researchers and practitioners of economics.

This volume deals with both a new theoretical framework and the application of new economics in a number of issues that test the capability of new economics to tackle a number of economic problems. It offers detailed analysis and informed comment on the type of new economics in the aftermath of the financial crisis and the '"great recession."

As firms from East Asia gain global market share they are stirring trade disputes with import-competing firms in the West. Jessica Liao analyzes the role played by government-business collaboration in determining how effective East Asian governments are in helping their exporters gain an edge over western competitors through WTO litigation.

Economic globalisation is a long-term international process in which the roles of the EU, ASEAN, Korea, Japan and China are of increasing importance. Trade dynamics and foreign investment, as well as regional policy cooperation in Europe and Asia, are discussed here along with historical developments. Moreover, the book highlights links between European Community law and WTO regulations. The key challenges posed by China's economic expansion are part of the analysis; specific issues concern international outsourcing and off-shoring as well as regional economic integration in a period of financial globalisation. Based on historical dynamics, theoretical analysis and global shifts, policy solutions for Europe, Asia and the world economy can be arrived at: The book offers clear policy options and also reveals crucial issues in terms of the welfare analysis of regional integration.

This book offers an important chronological perspective on the evolution of multilateralism within Europe and beyond. It provides a critical reconstruction of the history of the idea and praxis of peaceful global governance, comparative analysis of regional multilateral organizations and a discussion about concrete trends and perspectives of a new multilateralism against the challenging context of the current multipolar power politics. Focusing on the changing European interplay with multilateralism - from Eurocentric cradle of civilian cooperation among sovereign imperial states, to political dwarf after the two WW and decolonization, and to potential co-leader of a multi-layered and multi-actor cooperation within the current multipolar order, it addresses a theoretical ‘gap’ by fuelling the long-recognised idealism v. realism debate over international cooperation and institutionalisation with both historical and new empirical insights. This book will be of key interest to scholars and students of European studies, global governance, multilateralism, international organisations and more broadly to international relations.

This book investigates the role of banking interest groups and lobbying in the making of the European Banking Union. Facing the politicization of financial regulation in the wake of the crisis, core players of the European banking industry managed to adapt and re-orient their lobbying resources and strategies to influence the reform process. This work advances an original Critical IPE approach, which combines structural power, the collective agency of key socio-economic groups and the issue salience as critical determinants to explain corporate influence in policy-making. The explanatory framework is applied to a comprehensive analysis, tracing the Banking Union's development within the broader context of the EU post-crisis banking regulation. An in-depth scrutiny of the interest groups' preferences, coalitions and attainments is thus provided on the pillars of the Banking Union, covering banking supervision, resolution, deposit insurance, as well as the reform of the banks' prudential requirements and the failed project of an EU banking structural reform.

The authors investigate well-known concerns in natural resource management in Africa while focusing on the capacity dimension of the problems. They examine dynamics of leadership, governance, criminality, structural transformation, as well as emerging issues such as green growth.

This book revisits the economic relationship that ties the UK and Ireland to the United States in the aftermath of the greatest economic crisis of the past fifty years. When considering recent developments to these economic links, it appears that oppositional forces are at work. On one hand, globalization and the rise of new economic powers may undermine the ties. Besides, Ireland's and the UK's European Union membership could also loosen their economic ties with the US. Conversely, the future Transatlantic Trade and Investment Partnership agreement may well strengthen trade and investment links between the US and Europe. Are the economic bonds between the US, the UK and Ireland waning, as some pundits purport? Or are those claims overstated? Could their economic relationship simply be going through a process of change? Although there may not be a single and straightforward answer to these questions, the authors seek to address these issues and provide insight into the changing dynamics of this historic economic relationship.

Global poverty is a central concern for world politics, yet we lack and adequate conception of the ways the "global poor" affect contemporary world order. This book examines the proposition, inspired by the work of Robert W. Cox and Jeffrey Harrod, that such a conception must be based on an analysis of how the "global poor" take part in power relations as" unprotected workers." It examines the ways in which production and power relations constitute world politics, and the chapters shed light on the politics of production in the Third World, migration, prostitution, the "clash of civilizations" and union internationalism.

This book examines the political economy of devolution in Britain from the postwar period to the present. It situates devolution in Britain within an understanding of the partisan recalibration of political, economic and democratic scales (or levels) of the state. The author utilizes various explanatory tools to unpack complex social, economic, spatial and political phenomena across national, regional and local scales. The book further contributes to our conceptual understanding of decentralization as a broader, comparative, phenomenon. Particular emphasis is placed on examining why decentralization and devolution occur at particular points in time, which enables the investigation into how political and fiscal powers are (re)organized at different levels of the state.

Cai's systematic study of East Asia's political economy explores both regional and national dynamics, whilst lighting on the similar paths to development which integrate this regional economy. A historical study of development of the political economy of Northeast Asia, this book argues that Japan has been crucial in shaping the region but increasingly China is equally as influential. The rise of Northeast Asia is one of the most important events in global political economy since 1945. This book focuses on China, Japan, South Korea and Taiwan. In a systematic study of the political economy of East Asia, Cai adopts an historical perspective alongside a contemporary focus, exploring East Asia's development since the late 19th century. Following similar paths to economic development, East Asian states have achieved economic success, integrating themselves into a regional economy.

The International Papers in Political Economy (IPPE) series explores the latest developments in political economy. This twelfth volume presents a collection of eight papers, analysing the emergence and economic problems of the emerging economies during and after the international financial crisis of 2007-8 and the subsequent Great Recession. The contributions range from an analysis of the international financial crisis of 2007-8 in general terms to an analysis of the same but concentrating on the emerging economies, before turning to groups of economies, Arab, African and Eastern European countries, and two relevant but individual countries, namely China and Turkey. This book offers students, scholars, researchers and policy-makers detailed analysis and informed commentary on the origins of the international financial crisis of 2007-8 and the great recession by focusing on its effect on emerging countries.

This book studies and compares quality of life in 29 countries/societies in Asia: Afghanistan, Bangladesh, Bhutan, Brunei, Cambodia, China, Hong Kong, India, Indonesia, Japan, Kazakhstan, Kyrgyzstan, Korea(South), Laos, Malaysia, Maldives, Mongolia, Myanmar, Nepal, Pakistan, the Philippines, Singapore, Sri Lanka, Taiwan, Tajikistan, Thailand, Turkmenistan, Uzbekistan, and Vietnam. We utilize the AsiaBarometer Surveys conducted annually from 2003 through 2008. We focus on the notion of subjective quality of life and conceptualize it as two levels, global and domain. After we explain about the AsiaBarometer Survey Project, we explore current country profile, demographics, lifestyles, value priorities, specific life domain assessment and overall quality of life. We then estimate the independent effects of demographics, lifestyles, value priorities, life domain assessment on the overall quality of life within each society. As well as comparing the results between nations, we look for key generalized characteristics of life quality for the entire and sub-regions of Asia.

This book challenges the prevailing view that regional economic decline is caused by unionization and can be avoided through tax cuts. Respected economist Douglas Booth suggests the establishment of cooperative financial institutions in order to shift corporate responsibility from stockholders to employees. Policymakers, those interested in employee ownership, unionists, and those interested in the nation's economic problems in general will find the book provocative and timely.

This book is available as open access through the Bloomsbury Open Access programme and is available on www.bloomsburycollections.com. Having emerged from the end of the Cold War as a unified country, Germany has quickly become the second largest exporter in the world. Its economic might has made it the center of the Eurozone and the pivotal power of Europe. Like other geo-economic powers, Germany's foreign policy is characterized by a definition of the national interest in economic terms and the elevation of economic interests over non-economic values such as human rights or democracy promotion. This strategic paradigm is evident in German's relationship with China, the Gulf States and Europe, but it is most important in regard to its evolving policies towards Russia. In this book, Stephen F. Szabo provides a description and analysis of German policy towards Russia, revealing how unified Germany is finding its global role in which its interests do not always coincide with the United States or its European partners. He explores the role of German business and finance in the shaping of foreign policy and investigates how Germany's Russia policy effects its broader foreign policy in the region and at how it is perceived by key outside players such as the United States, Poland and the EU. With reference to public, opinion, the media and think tanks Szabo reveals how Germans perceive Russians, and he uncovers the ways in which its dealings with Russia affect Germany in terms of the importing of corruption and crime. Drawing on interviews with key opinion-shapers, business and financial players and policy makers and on a wide variety of public opinion surveys, media reports and archival sources, his will be a key resource for all those wishing to understand the new geo-economic balance of Europe.

The book "The Greek Economy and the Crisis. Challenges and Responses" targets all those who think about the present and future of this (culturally) long-lived small geographic region (Greece), to form a personal view of its social and economic problems. A society that repeats the same types of behaviour over the centuries does not do so due to random mistakes. It contains intrinsic forces that affect it. These should be understood, to allow us to delineate future developments. However, the manner in which the social and economic process is perceived must be comprehensive and multidisciplinary: Economics, politics, social psychology and organizational psychology are essential to this analysis. Thus, the book is useful to those seeking information for their professional, scientific and personal development, allowing them to shape their social attitude. It is also useful to those responsible for taking decisions at national, European or enterprise level, in relation to the social and economic problems of Greece.