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Books > Business & Economics > Economics > Political economy
This visionary book seeks to uncover the main barriers to achieving
greater social justice in existing twenty-first century capitalism.
Developing a comprehensive consequentialist theory of justice
applied to today's global situation, Mike Berry adopts the thesis
that, in order to move towards a more just world, the weaknesses of
liberal democracy must be overcome through reconstructing robust,
resilient social democracies. Arguing for the necessary
interrelation of justice and democracy, the book presents a
detailed analysis of the development of and threats to western
democracy in the current phase of global capitalism. Chapters offer
a progressive case for a reconstructed social democracy, rather
than piecemeal reform of existing liberal democratic regimes. Berry
examines how the oligarchic trajectory of capitalism must be
stymied through radical institutional change and continual
monitoring. The book concludes that this is a continuing political
project, calling for new modes of mobilisation and the ecological
emergence of new values and world views. Introducing the critical
role of uncertainty and the relevance of real time to the question
of progress defined as increasing justice, this book will be
critical reading for scholars and students of political philosophy,
political economy and public policy. It will also be beneficial for
progressive policy makers and advisers questioning existing policy
platforms and settings.
A myth-busting explanation of inflation, the desperate gullibility
of central bankers and finance ministers-and our abject failure to
learn from history From investors and monetary authorities to
governments and policy makers, almost everyone had assumed
inflation was dead and buried. But now people the world over are
confronting a poisonous new economic reality and, with it, the
prospect of vast and increasing wealth inequality. How have we
arrived in this situation? And what, if anything, can we do about
it? Celebrated economist Stephen D. King-one of the few to warn
ahead of time about the latest inflationary upheaval-identifies key
lessons from the history of inflation that policy makers chose not
to heed. From ancient Rome through the American Civil War and up to
the asset bubbles of today, inflation stems from policy error,
sovereign greed, and a collective loss of faith in currencies. We
Need to Talk About Inflation cuts through centuries of bad judgment
and misunderstanding, offering a means to intervene now-so we can
begin to tackle the political and social upheaval unleashed by
inflation.
This book's eminent editors and contributing authors provide an
accessible and engaging account of the 'new' politics of corporate
taxation, highlighting the complex and multidimensional strategies
used by activists to influence public opinion, formal regulation
and corporate behaviour. While campaigning is successful at
exposing tax avoidance, it presents significant governance
challenges. As this book reveals, the battle to establish fair and
sustainable corporate tax regimes has only just begun. Chapters
offer readers a timely assessment of the emerging role of new tax
justice NGOs, the media and whistleblowers, as well as new
governance strategies and policies targeting multinational
corporations. Through the lens of political science, the authors
show how civil society organisations shape the agenda of tax
practices of the world's largest and most powerful corporations,
including examples such as Apple and Google. A detailed evaluation
is given of new private governance initiatives in the international
tax arena and their relationship with traditional forms of
regulation. Looking closely at the wider significance of the debate
in contemporary global governance, academics and graduates in the
fields of international political economy, global governance,
development studies and taxation will find this book a timely and
thought-provoking read. Contributors: A. Christians, R. Eccleston,
A. Elbra, F. Gale, L. Johnson, A. Kellow, L. Latulippe, J. Mikler,
H. Murphy-Gregory, T. Porter, K. Ronit, L. Seabrooke, L. Smith, J.
Van Alstine, D. Wigan, R. Woodward
The political and symbolic centrality of capital cities has been
challenged by increasing economic globalization. This is especially
true of secondary capital cities; capital cities which, while being
the seat of national political power, are not the primary economic
city of their nation state. David Kaufmann examines the unique
challenges that these cities face entering globalised, inter-urban
competition while not possessing a competitive political economy.
Varieties of Capital Cities offers empirically rich case studies of
four secondary capital cities: Bern, Ottawa, The Hague, and
Washington, D.C. Analysed with an innovative research framework,
this book shows through its clearly structured analysis, that while
the pressures facing these cities are the same, the mechanisms they
employ to cope with them are very different. They have formulated a
wide variety of policies to supplement their capital function with
economically promising profiles, even though they cannot escape
their destinies as government cities. This book is an impressive
contribution to an area of study largely neglected by urban
studies, political science, and economic geography. With vital
lessons for urban policy makers, the interested practitioner will
find a pool of inspiration for their urban strategies. Students and
scholars of these subjects will find this book interesting, and
will also find it invaluable as a lesson for how to develop and
execute comparative case studies.
Since the Great Financial Crisis swept across the world in 2008,
there have been few certainties regarding the trajectory of global
capitalism, let alone the politics taking hold in individual
states. This has now given way to palpable confusion regarding what
sense to make of this world in a political conjuncture marked by
Donald Trump's `Make America Great Again' presidency of the United
States, on the one hand, and, on the other, Xi Jinping's ambitious
agenda in consolidating his position as `core leader' at the top of
the Chinese state. * Is a major redrawing of the map of global
capitalism underway? * Is an unwinding of globalization in train,
or will it continue, but with closure to the mobility of labour? *
Is there a legitimacy crisis for neoliberalism even while
neoliberal practices continue to form state policy? * Are we
witnessing an authoritarian mutation of liberal democracy in the
21st century? * Should the strategic issues today be posed in terms
of `socialism versus barbarism redux'?
Elgar Research Agendas outline the future of research in a given
area. Leading scholars are given the space to explore their subject
in provocative ways, and map out the potential directions of
travel. They are relevant but also visionary. This exciting
Research Agenda offers a multi-disciplinary and historically
informed programme for the further investigation of the global
political economy of the corporate sector. It tackles the question,
can and should the corporation be reformed? Christopher May
develops a range of intersecting areas for research while also
offering an account of the possibilities for the reform of the
global corporation. Based on an understanding of the history of
corporations, the author provides key insights into their
management and political agency as well as the operation of the
global corporate supply chain. Drawing links between a range of
disciplines and perspectives on business enterprises, May calls for
a more nuanced understanding of the global corporate sector in
order to better comprehend the contours of the contemporary global
capitalist system. This Research Agenda will be a valuable resource
for students and academics of politics, economics, sociology and
law, who are curious to explore the corporation in relation to
their area of study.
Examining the processes, evolution and consequences of China's
rapid integration into the global economy, this Handbook highlights
how China's role is ever increasing in prominence. The systematic
structure offers an overview of the scope of China's global
economic activities, with leading international scholars evaluating
key theoretical debates and providing comprehensive coverage on all
areas of international political economy. Chapters explore the
behaviour, interests and motivations underlying China's
international economic initiatives. The influence of both domestic
and international politics is also discussed in terms of the
country's global economic footprint. Through analyses of
international economic engagements in areas such as trade,
investment, finance, sustainable development and global economic
governance, chapters give their assessment on the IPE of China and
reveal how China's role on the political and economic stage is
evolving. A much-needed reference for students and scholars of
Chinese foreign policy, IPE and Asian studies, this Handbook
enriches our understanding of the domestic and international
contexts of China's global economic trajectory. Contributors: P.
Andrews-Speed, M. Beeson, A. Berger, J.-M.F. Blanchard, P. Bowles,
D. Di, A.D. Dixon, A. Fuchs, M.D. Harpaz, A. He, Y. Jiang, Y.-w.V.
Li, W. Liang, B.K. MacLean, A. Malkin, D. McDowell, S. Meunier, B.
Momani, B. Naughton, M. Pearson, X. Ren, M. Rudyak, B. Sheng, Y.
Tu, M. Wan, J. Wang, X. Wang, S. Xu, P.K. Yu, K. Zeng, H. Zhang, Y.
Zheng
'The definitive account of the history of poverty finance' -
Susanne Soederberg Finance, mobile and digital technologies - or
'fintech' - are being heralded in the world of development by the
likes of the IMF and World Bank as a silver bullet in the fight
against poverty. But should we believe the hype? A Critical History
of Poverty Finance demonstrates how newfangled 'digital financial
inclusion' efforts suffer from the same essential flaws as earlier
iterations of neoliberal 'financial inclusion'. Relying on
artificially created markets that simply aren't there among the
world's most disadvantaged economic actors, they also reinforce
existing patterns of inequality and uneven development, many of
which date back to the colonial era. Bernards offers an astute
analysis of the current fintech fad, contextualised through a
detailed colonial history of development finance, that ultimately
reveals the neoliberal vision of poverty alleviation for the pipe
dream it is.
'Ground-breaking and ambitious' - Nick Srnicek, author of Platform
Capitalism Whoever controls the platforms, controls the future.
Platform Socialism sets out an alternative vision and concrete
proposals for a digital economy that expands our freedom. Powerful
tech companies now own the digital infrastructure of twenty-first
century social life. Masquerading as global community builders,
these companies have developed sophisticated new techniques for
extracting wealth from their users. James Muldoon shows how
grassroots communities and transnational social movements can take
back control from Big Tech. He reframes the technology debate and
proposes a host of new ideas, from the local to the international,
for how we can reclaim the emancipatory possibilities of digital
platforms. Drawing on sources from forgotten histories to
contemporary prototypes, he proposes an alternative system and
charts a roadmap for how we can get there.
Appointed by George W. Bush as the chairman of the Federal Deposit
Insurance Corporation (FDIC) in 2006, Sheila Bair witnessed the
origins of the financial crisis and in 2008 became--along with Hank
Paulson, Ben Bernanke, and Timothy Geithner--one of the key public
servants trying to repair the damage to the global economy. "Bull
by the Horns" is her remarkable and refreshingly honest account of
that contentious time and the struggle for reform that followed and
continues to this day.
As the COVID-19 pandemic comes to a close, inflation has revealed
itself to be a major problem for all countries of the developed
world. The problem has been exacerbated in developing nations,
which had problems even before the pandemic. Energy prices have
increased, and with the increase in transportation costs, it has
been more difficult for many retailers to stock shelves as they did
before the pandemic. It is understood by many that the rising
prices and supply chain disruptions will likely not be temporary
and must be managed by future executives. Managing Inflation and
Supply Chain Disruptions in the Global Economy uncovers the many
ways businesses can manage this new phenomenon. It discusses global
crises and their effects on the global economy in terms of
inflation and supply chain. Covering topics such as inflationist
impact, crisis leadership, and deglobalization, this premier
reference source is an essential resource for economists, supply
chain specialists, government officials, consultants, business
leaders and executives, logistics professionals, IT managers,
students and educators of higher education, researchers, and
academicians.
The neoliberal policy response to the crisis in Ghana did not
succeed in reversing the economic decline in both the medium and
long term. In fact, quite the opposite, rather than undoing the
economic decline, Frimpong argues that the policy prescriptions
further weakened the country's ability to develop. This is because
the policies intentionally and unintentionally encouraged factors
that destabilised the possibility of the real productive assets to
earn commensurate returns to facilitate the flow of capital to the
real sectors to ensure the survival of industrial enterprises.
Rising profit in the financial sector incentivised financial
capitalist to divert capital into financial assets at the expense
of productive investment, further decelerating the pace of real
capital accumulation in the country.
'A brilliant expose' - Danny Dorling Covid-19 has exposed the
limits of a neoliberal public health orthodoxy. But instead of
imagining radical change, the left is stuck in a rearguard action
focused on defending the NHS from the wrecking ball of
privatisation. Public health expert Christopher Thomas argues that
we must emerge from Covid-19 on the offensive - with a bold, new
vision for our health and care. He maps out five new frontiers for
public health and imagines how we can move beyond safeguarding what
we have to a radical expansion of the principles put forward by
Aneurin Bevan, the founder of the NHS, over 70 years ago. Beyond
recalibrating our approach to healthcare services, his blueprint
includes a fundamental redesign of our economy through Public
Health Net Zero; a bold new universal public health service fit to
address the real causes of ill health; and a major recalibration in
the efforts against the epidemiological reality of an era of
pandemics.
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