The concept of globalization has become ubiquitous in social science and in the public consciousness and is often invoked as an explanation for a diverse range of changes to economies, societies, politics and cultures - both as a positive liberating force and as a wholly negative one. Whilst our understanding of the politics, economics, and social resonance of the phenomenon has become increasingly sophisticated at the macro-level, this book argues that globalization too often continues to be depicted as a set of extra-terrestrial forces with no real physical manifestation, except as effects. The essays challenge this dominant understanding of 'globalization from above' through explorations of the mundane means by which globalization has been achieved. Instead of a focus on the meta-political economy of global capitalism, the book concentrates on the everyday life of capitalism, the not-so-'little' things that keep the 'large' forces of globalization ticking over. With its eye on the mundane, the book demonstrates that a series of everyday and, consequently, all but invisible formations critically facilitate and create the conditions under which globalization has flourished. The emphasis is on concrete moments in the history of capitalism when these new means of regular reproduction were invented and deployed. Only by understanding these infrastructures can we understand the dynamics of globalization. In short, punchy essays by distinguished researchers from across a range of disciplines, this book provides a new way of understanding globalization, moving away from the standard accounts of global forces, economic flows, and capitalist dynamics, to show how ordinary practices and artefacts are crucial elements and symbols of globalization.

This book presents a selection of contributions on the timely topic of structural reforms in Western economies, written by experts from central banks, the International Monetary Fund, and leading universities. It includes latest research on the impacts of structural reforms on the market economy, especially on the labor market, and investigates the results of collective bargaining in theory and practice. The book also comprises case studies of structural reforms. A literature survey on the topic serves as a valuable source for further research. The book is written by and targeted at both academics and policy makers.

Using a series of studies, this book shows that ownership structure plays a major role in the national economy as a whole. Inefficient State Owned Enterprises (SOE's) damage the development of private enterprises and overall economic growth in various ways. The policy implications are very clear: in order to achieve healthy and fast economic development, there must be a radical reform of SOEs. Moreover, the aim of the SOE reform is not just to highlight the enterprises' efficiency, but also create favorable conditions for financial deregulation, elimination of market segmentation, weakened market monopoly, and balanced regional economic development. The book argues that SOE reform is pivotal to stimulating general economic reform and development in order for China to achieve a smooth transition to a mature market economy.

The balance of economic power in Europe is shifting eastwards. Poland, the Czech Republic, Hungary, and Romania have all seen increases in their contributions to international trade and in the rate of GDP growth, whilst other countries have seen declines, and firms in these Central and Eastern European economies are becoming increasingly influential participants in international production systems, centred largely on Germany. This book presents an up-to-date, theoretically informed analysis of how these four countries have developed distinctive business systems since the political revolutions that transformed this region in 1989, combining the structures of liberal market capitalism established in the 1990s with practices established earlier. Influenced by the socialist inheritance of communism and increasingly diverse sources of capital, different forms of capitalism developed, less responsive to shareholder interests, and more responsive to managerial and national strategic interests This book concentrates on changing patterns of ownership and control, means of capital accumulation, the relations among multinationals, regional enterprises, and governments, and the role of the state. Whilst recognizing the role of multinationals in generating export-led growth, the book emphasizes the central role of government at national and international level. The forms of capitalism under construction differ from expectations common in the 1990s, combining elements from both US/UK and continental European models of capitalism.

This is the only book the general reader will ever need in order to understand the workings of money, banking, and finance as a citizen and consumer. Financial Market Meltdown: Everything You Need to Know to Understand and Survive the Global Credit Crisis makes the arcane world of finance easily understood in concrete terms. This is not simply a quick recap of the current crisis. It is a guide designed to develop a real and lasting understanding of money and finance—an understanding readers can use to come to their own conclusions regarding the 2008 meltdown and any further economic events. Financial Market Meltdown explains the nature and workings of money, credit, financial instruments, and markets, from the beginnings of integrated finance in Medieval Italy up to the panic of 2008. It then describes how the modern global financial ecology evolved through a series of historical accidents and how this limits what can actually be done to make the system "safe." Throughout, author Kevin Mellyn uses simple examples, analogies, and the "real" history of institutions to make abstract financial concepts concrete and comprehensible.

The issue of debt and how it affects our lives is becoming more and more urgent. The "Austerity" model has been the prevalent European economic policies of recent years led by the "German model". Elettra Stimilli draws upon contemporary philosophy, psychology and theology to argue that austerity is built on the idea that we somehow deserve to be punished and need to experience guilt in order to take full account of our economic sins. Following thinkers such as Max Weber, Walter Benjamin and Michel Foucault, Debt and Guilt provides a startling examination of the relationship between contemporary politics and economics and how we structure our inner lives. The first English translation of Debito e Colpa, this book provokes new ways of thinking about how we experience both debt and guilt in contemporary society.

Wolfgang Streeck is a leading figure in comparative political economy and institutional theory. In this book he addresses some of the key issues in this field: the role of history in institutional analysis, the dynamics of slow institutional change, the limitations of rational design and economic-functionalist explanations of institutional stability, and the recurrent difficulties of restraining the effects of capitalism on social order.
In the classification of the "Varieties of Capitalism" school, Germany has always been taken as the chief exemplar of a "European," coordinated market economy. Streeck explores to what extent Germany actually conforms to this description. His argument is supported by original empirical research on wage-setting and wage structure, the organization of business and labor in business associations and trade unions, social policy, public finance, and corporate governance. From this evidence, Bringing Capitalism Back In traces the current liberalization of the postwar economy of democratic capitalism by means of an historically-grounded approach to institutional change.
This is an important book from a leading thinker and researcher in comparative political economy and key reading across the social sciences for academics, researchers, and advanced students of Political Economy, Sociology, comparative business systems.

In The Political Economy of Indigo in India, 1580-1930: A Global Perspective Ghulam A. Nadri explores the dynamics of the indigo industry and trade from a long-term perspective and examines the local and global forces that affected the potentialities of production in India and elsewhere and caused periods of boom and slump in the industry. Using the commodity chains conceptual framework he examines the stages in the trajectory of indigo from production to consumption. Nadri shows convincingly that the growth or decline in indigo production and trade in India was a part of the global processes of production, trade, and consumption and that indigo as a global commodity was embedded in the politics of empire and colonial expansion.

The aim of the book is two-fold. First of all it is to provide a fair, complete and analytical account of the Neo-liberal conception of the role and function of the state in modern society. The second aim is to provide a critical assessment of some of the central elements of this conception. The book will look at the emphasis of Neo-liberals on procedural and rule governed approaches to the role of the state rather than outcome or end state views of the role of government and to consider how this conception of politics relates to issues such as the rule of law, freedom, justice, rights, the relationship to the market economy, to civil society and to look at the role of government in relation to the provision of welfare and public sector services more generally. It builds up the Neo-liberal case in respect of these aspects of modern society by drawing upon the works of central Neo-liberal thinkers such as Hayek, Mises, Menger, as well as thinkers such as Oakeshott, Nozick and Rotbard who are not directly Neo-liberals but whose works have been important for the development of central Neo-liberal themes.
The second part of the book provides what might be regarded as an immanent critique of the Neo-liberal case built up in the first part of the study. It takes Neo-liberal ideas very seriously and shows how incoherences arise within and between those ideas such that a plausible form of Neo-liberalism as opposed to Libertarianism on the one hand and Social Democracy on the other is very difficult to state. The theme of this book is very germane given the considerable debate which is now taking place in the context of the world financial crisis about the appropriate role for the state.

The world of business is changing—fast. The prevailing model for creating wealth—which has its roots in the industrial revolution and which dominated the last century—no longer applies. Natural Capitalism introduces an alternative, a new paradigm. Praised by business and political leaders as well as economists and environmentalists around the globe, this groundbreaking book reveals how tomorrow's most successful global businesses will draw profit from their own environmental responsibility.

Manufacturing Possibilities examines adjustment dynamics in the steel, automobile and machinery industries in Germany, the U.S., and Japan since World War II. As national industrial actors in each sector try to compete in global markets, the book argues that they recompose firm and industry boundaries, stakeholder identities and interests and governance mechanisms at all levels of their political economies. Micro level study of industrial transformation in this way provides a significant window on macro level processes of political economic change in the three societies.
Theoretically, the book marks a departure from both neoliberal economic and historical institutionalist perspectives on change in advanced political economies. It characterizes industrial change as a creative, bottom up process driven by reflective social actors. This alternative view consists of two distinctive claims. The first is that action is social, reflective, and ultimately creative. When their interactive habits are disrupted, industrial actors seek to repair their relations by reconceiving them. Such imaginative interaction redefines interest and causes unforeseen possibilities for action to emerge, enabling actors to trump existing rules and constraints. Second, industrial change driven by creative action is recompositional. In the social process of reflection, actors rearrange, modify, reconceive, and reposition inherited organizational forms and governance mechanisms as they experiment with solutions to the challenges that they face. Continuity in relations is interwoven with continuous reform and change. Most remarkably, creativity in the recomposition process makes the introduction of entirely new practices and relations possible.
Ultimately, the message of Manufacturing Possibilities is that social study of change in advanced political economies should devote itself to the discovery of possibility. Preoccupation with constraint and failure to appreciate the capaciousness of reflective social action has led much of contemporary debate to misrecognize the dynamics of change. As a result, discussion of the range of adjustment possibilities in advanced political economies has been unnecessarily limited.

This book provides an account of the development of the European Union, from a relatively specialized organ of economic cooperation in the 1960s to the complex, quasi-federal entity that today governs over an increasingly diverse set of policy domains. The book is a must for anyone interested in understanding the past and future of European integration and supranational governance.

Methodologically rigorous and geographically exhaustive, Post-Communist Welfare States in European Context is an insightful empirical analysis of social policy patterns in Central and Eastern Europe. It is a must-read for everyone interested in comparing hybrid emerging social protection models in the divergent new Europe with established worlds of welfare in Western Europe. Kati Kuitto has written a state-of-the-art study in comparative welfare, emphasizing regime change and variability over regime coherence and stability.' - Pieter Vanhuysse, University of Southern DenmarkWelfare reforms in post-communist countries are determined by economic and social hardship, democratization of the political systems and rapid structural change. This groundbreaking book provides a comprehensive and systematic empirical assessment of the Central and Eastern European post-communist welfare states in the context of their Western European counterparts. Basing the study on new data on welfare entitlements and cluster analysis, Kati Kuitto systematically compares 26 European welfare states across three empirical dimensions. The author employs a multidimensional framework to analyze patterns of welfare policies and highlight spending priorities, financing and the generosity of welfare entitlements. Kati Kuitto thus sheds light on the hybrid patterns of welfare policies in post-communist countries as they have emerged after the period of transformation and discusses their future challenges. Unique and comprehensive, this is essential reading for researchers in the fields of comparative welfare state research and Central and Eastern European studies, as well as students and practitioners of social policy, social security and political economy.

This publication contains detailed official national accounts data for over 200 countries or areas of the World for the years 2001 to 2013. It is a valuable source of information on the state and structure of economies worldwide. The data for each country or area are presented in separate chapters with uniform table headings and classifications as recommended in the System of National Accounts 1993 (1993 SNA). Each country chapter also contains a write-up on the methodology and data sources which are used to compile the national accounts. A summary of the SNA conceptual framework, classifications, and definitions is also. It also contains statistics on gross domestic product.

Agriculture has a small, and declining, importance in employment and income generation within the EU, but a political importance well beyond its economic impact. The EU's common agricultural policy (CAP) has often been the source of conflict between the EU and its trade partners within first the GATT, and then the WTO. In the Doha Round agriculture was again a sticking point, resulting in setbacks and delays. The position of the EU is pivotal. Due to the comparatively limited competitiveness of the EU's agricultural sector, and the EU's institutionally constrained ability to undertake CAP reform, the CAP sets limits for agricultural trade liberalization blocking progress across the full compass of the WTO agenda. Therefore, the farm trade negotiation, with the CAP at its core, is the key to understanding the dynamics of trade rounds in the WTO.
The book, written by a political scientist and an agricultural economist, applies theory on ideas to explain how the agricultural sector came to be included in the Single Undertaking that resulted in the Uruguay Round agreements, and how this led to a dynamic interplay between CAP reform and the possibility of further agricultural trade liberalization within the WTO, thereby providing useful insights into international trade relations.

Thirty years after the collapse of Communism, and at a time of increasing anti-migrant and anti-Roma sentiment, this book analyses how Roma identity is expressed in contemporary Europe. From backgrounds ranging from political theory, postcolonial, cultural and gender studies to art history, feminist critique and anthropology, the contributors reflect on the extent to which a politics of identity regarding historically disadvantaged, racialized minorities such as the Roma can still be legitimately articulated.

The transformation of women's lives over the past century is among the most significant and far-reaching of social and economic phenomena, affecting not only women but also their partners, children, and indeed nearly every person on the planet. In developed and developing countries alike, women are acquiring more education, marrying later, having fewer children, and spending a far greater amount of their adult lives in the labor force. Yet, because women remain the primary caregivers of children, issues such as work-life balance and the glass ceiling have given rise to critical policy discussions in the developed world. In developing countries, many women lack access to reproductive technology and are often relegated to jobs in the informal sector, where pay is variable and job security is weak. Considerable occupational segregation and stubborn gender pay gaps persist around the world. The Oxford Handbook of Women and the Economy is the first comprehensive collection of scholarly essays to address these issues using the powerful framework of economics. Each chapter, written by an acknowledged expert or team of experts, reviews the key trends, surveys the relevant economic theory, and summarizes and critiques the empirical research literature. By providing a clear-eyed view of what we know, what we do not know, and what the critical unanswered questions are, this Handbook provides an invaluable and wide-ranging examination of the many changes that have occurred in women's economic lives.

Sandra M. Anglund examines the American national government's small business assistance policy from the passage of the Small Business Act of 1953 onward. She traces the heritage of the policy and shows how American core values, those often referred to as the American Creed, contributed to shaping that policy.

Anglund points out that the American national government is in the business of promoting small business. Government agencies help entrepreneurs develop small businesses through a wide range of programs providing financial assistance such as loans, government contract assistance including set-asides, and management and technical support. Unlike government programs for farmers and big businesses, which are usually invisible to the citizenry, small business aid programs are extremely and intentionally visible.

Congress declared the policy of aiding small business and launched the contemporary era of small business assistance programs in the Small Business Act of 1953. In this study, Anglund traces the heritage of the Small Business Act, probes influences on small business and enactments of the 1953-1997 period, and show how American core values, those often referred to as the American Creed, contributed to shaping small business policy and to the support it received. Scholars, students, and researchers involved with public policy, political culture, business politics and history, and economic development will find this study of particular interest.

Authoritarian capitalism is rapidly evolving, intensifying and spreading across the globe. This updated second edition book demonstrates that the recent resurgence of fascism and repressive democracies are connected to and symptomatic of the fundamental authoritarianism of capitalism. Analysing how marketization is promoting political authoritarianism across the world, Peter Bloom tells a story of authoritarian progress in which capitalist sovereignty is replacing liberal and social democracy. In doing so, Bloom rethinks the structural and discursive role of sovereign power within capitalism, illustrating how the free market relies upon a range of authoritarian political fantasies not just for its growth but for its very survival. This fully updated edition reveals how this had led to an evolution from corporate globalization to a new era of 'popular authoritarianism', based on the political competition between far-Right ethno-capitalism and politically repressive capitalist democracy. Exploring new perspectives such as "the commons" and "degrowth development", it points to new possibilities for resisting authoritarian capitalism and reinvigorating democracy. The unique insights in this book will prove invaluable for students and scholars of political science, economics, development and organization studies, international relations and sociology. It will also be of interest to practitioners concerned with globalization, political authoritarianism, and the expansion of the free market.

The book embarks on the tasks to systematically analyze the macro background of the spatial patterns of China's urban development, the theoretical foundations and framework, and its changing trajectory. From a quantitative perspective, we attempt to evaluate the rationale behind the spatial patterns of China's urban development and systematically simulate the various scenarios. From the simulation results, we propose the optimizing goals, priorities, models, and strategies for the spatial patterns of China's urban development. The work in this book attempts to provide constructive suggestions and potential strategies to support the effort to optimize the spatial patterns of China's urban development. It would be a valuable reference for planning departments, development and reform committees, and science and technology administrative departments at various governmental levels. It could also be a valuable addition to graduate students of urban planning, urban development, urban geography and relevant disciplines.