Finance, Governance and Economic Performance in Pacific and South East Asia focuses on key aspects of government policy, financial systems and their links to the economic miracle in Pacific and South East Asia. It also considers the financial crises that have affected those economies and their economic progress. The contributors examine the success of governance in the form of government involvement with the macroeconomy and with the deregulation of markets. Attention is drawn not only to the need for further liberalisation, but also the need to introduce regulatory structures to produce orderly markets. The book includes contributions on financial market opening in developing countries, the impact of FDI on the economic growth of the ASEAN economies, governance, human capital, labour and endogenous growth in Asia Pacific and lessons from the financial crisis as well as an overview of finance, development and growth. This book will be welcomed by those interested in financial economics and reform, the recent Asian crisis, and growth and development in the region.

Routledge Library Editions: Development will re-issue works which address economic, political and social aspects of development. Published over more than four decades these books trace the emergence of development as one of the most important contemporary issues and one of the key areas of study for modern social science. The books cover the most important themes within development and include studies of Latin America, Africa and Asia. Authors include Sir Alexander Cairncross, W. Arthur Lewis, Lord Peter Bauer and Cristobal Kay. An extensive collection of previously hard to access or out of print books, this set presents an unrivalled opportunity to build up a wealth of material in the field of development studies, with a particular focus upon economic and political concerns. The volumes in the collection offer both a global overview of the history of development in the twentieth century, and a huge variety of case studies on the development of individual nations. For institutional purchases for e-book sets please contact [email protected] (customers in the UK, Europe and Rest of World)

This book seeks to examine the basis of economic globalization, yesterday, today, and tomorrow, and to link the outcome of globalization into the context of the new economic geography. It shows how the phenomenon is exhibited in the light of current events, providing a good way to keep understand today 's world economy.

Assessing the effectiveness of the North American Agreement on Labour Cooperation (NAALC), this book examines the operation of the core institutions (the Secretariat and National Administrative Offices) over the past seven years. It discusses the main functions of these institutions in hearing public submissions on violations of labour laws and in conducting research and cooperative activities. Based on interview research, the analysis reviews the strengths and weaknesses of the accord to assess its contribution to a common labour relations regime in North America and its impact in creating new transnational communities of actors in government and civil society in the three countries. The NAALC is also compared with the social dimension of the European Union system, and a final assessment is made as to whether the NAALC institutions live up to the promises of their founders and whether these can be a model for labour relations in any future Free Trade Area of the Americas (FTAA) agreement.

From refugees fleeing wars or natural disasters to economic migrants pursuing better paid jobs abroad, international migration is an inescapable part of the modern world. Migration Between Nations: A Global Introduction provides a succinct and accessible overview of the varied types of migrants who cross national boundaries. Drawing upon a wide-ranging selection of case studies and the latest research findings, migration patterns and recent trends throughout the world are surveyed and summarized, with particular attention to movement from the global south to the global north. In a highly inter-disciplinary analysis, the social, cultural and economic integration of migrants and of their offspring in their new homelands are also explored. Employing approaches from a number of disciplines, the methods and techniques that researchers use to study various aspects of migration and integration are also explained. Migration Between Nations: A Global Introduction will be essential reading for students in a wide range of disciplines in the humanities and social sciences, including sociology, anthropology, ethnic studies, geography, global studies, history, and political science.

Gulf stability is coming to play a larger role in the foreign policy calculus of many states, but the evolving role of Asian powers is largely under-represented in the International Relations literature. This volume addresses this gap with a set of empirically rich, theory driven case studies written by academics from or based in the countries in question. The underlying assumption is not that Asian powers have already become important security actors in the Gulf, but rather that they perceive the Gulf as a region of increasing strategic relevance. How will leaders in these countries adjust to an evolving regional framework? Will there be coordinated efforts to establish an Asian-centered approach to Gulf stability, or will Asian rivalries make the region a theater of competition? Will US-China tensions force alignment choices among Asian powers? Will Asian states balance, bandwagon, hedge, or adopt some other approach to their Gulf relationships? These questions become even more important as the western boundaries of Asia increasingly come to incorporate the Middle East. The book will appeal to scholars and students in the fields of International Relations, Security Studies, and International Political Economy, as well as area specialists on the Gulf and those working on foreign policy issues on each of the Asian countries included. Professionals in government and non-government agencies will also find it very useful. The Open Access version of this book, available at www.taylorfrancis.com, has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

First published in 1971, this is a study of the application of the economic theory of integration in developing countries attempts to assess the development of common markets and free trade areas in the contemporary developing world. The book synthesises various revisions of the old theory of the customs union, tackling the process of elaborating an appropriate theory for developing countries. The reissue will be of interest to those concerned with International Trade and Development Economics, as well as those interested in the development of the Caribbean region.

Once in a while the world astonishes itself. Anxious incredulity replaces intellectual torpor and a puzzled public strains its antennae in every possible direction, desperately seeking explanations for the causes and nature of what just hit it. 2008 was such a moment. Not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism. Modern Political Economics has a single aim: To help readers make sense of how 2008 came about and what the post-2008 world has in store. The book is divided into two parts. The first part delves into every major economic theory, from Aristotle to the present, with a determination to discover clues of what went wrong in 2008. The main finding is that all economic theory is inherently flawed. Any system of ideas whose purpose is to describe capitalism in mathematical or engineering terms leads to inevitable logical inconsistency; an inherent error that stands between us and a decent grasp of capitalist reality. The only scientific truth about capitalism is its radical indeterminacy, a condition which makes it impossible to use science's tools (e.g. calculus and statistics) to second-guess it. The second part casts an attentive eye on the post-war era; on the breeding ground of the Crash of 2008. It distinguishes between two major post-war phases: The Global Plan (1947-1971) and the Global Minotaur (1971-2008). This dynamic new book delves into every major economic theory and maps out meticulously the trajectory that global capitalism followed from post-war almost centrally planned stability, to designed disintegration in the 1970s, to an intentional magnification of unsustainable imbalances in the 1980s and, finally, to the most spectacular privatisation of money in the 1990s and beyond. Modern Political Economics is essential reading for Economics students and anyone seeking a better understanding of the 2008 economic crash.

The Political Economy of Bureaucracy applies Public Choice theory and a complex systems view of government institutions to analyze policy implementation as an economic process. It addresses the common and vexing question of why managing federal agencies for results is so difficult by challenging traditional assumptions of institutional design and policy analysis. Using creative methods that focus on relationships that constrain the choices of executives and managers in a political hierarchy, the author reveals control and coordination as goals that are imperfectly achieved and often conflicting with one another. Despite decades of intense study, serious reform efforts and impressive technological advances, the U.S. government remains a typical bureaucracy that fails to meet citizens' expectations. Clearly, policy analysis is missing something. The problem may rest with "machine" models of government. Rules, especially those governing expenditures, are assumed to be feasible and effective. Analysis of the federal government as a complex system of relationships between semi-autonomous agents helps explain the disconnect between policy and results. The solution is to roll back micro-management of ends and means; policymakers should focus on objectives and facilitate implementation by selectively relaxing constraints that prevent experimentation needed to determine the most effective methods. This book devotes unusual attention to the interaction between executive and legislative branches of government and between political appointees and career civil servants. Most studies of government policy take existing institutional structure for granted. Different conclusions emerge from this analysis by virtue of the systems view that accepts status quo hierarchies but questions the effectiveness of the rules that govern policy implementation. This book will be of interest to postgraduates and researchers focussing on Economic Theory, Public Choice, Institutional Economics and Political Science, as well as to those working in the public sector interested in Public Administration, Public Policy, and Organizational Behavior.

In this book, economists and literary scholars examine the uses to which the Robinson Crusoe figure has been put by the economics discipline since the publication of Defoe's novel in 1719. The authors' critical readings of two centuries of texts that have made use of Robinson Crusoe undermine the pervasive belief of mainstream economics that Robinson Crusoe is a benign representative of economic agency, and that he, like other economic agents, can be understood independently of historical and cultural specificity. The book provides a detailed account of the appearance of Robinson Crusoe in the economics literature and in a plethora of modern economics texts, in which, for example, we find Crusoe is portrayed as a schizophrenic consumer/producer trying to maximize his personal well-being. Using poststructuralist, feminist, postcolonial, Marxist and literary criticism approaches, the authors of the fourteen chapters in this volume examine and critique some of the deepest, fundamental assumptions neoclassical economics hold about human nature; the political economy of colonization; international trade; and the pervasive gendered organization of social relations. The contributors to this volume can be seen as engaging in the emerging conversation between economists and literary scholars known as the New Economic Criticism. They offer unique perspectives on how the economy and economic thought can be read through different disciplinary lenses. Economists pay attention to rhetoric and metaphor deployed in economics, and literary scholars have found new areas to explore and understand by focusing on economic concepts and vocabulary encountered in literary texts.

This set reprints three classic volumes on Jeremy Bentham's economic writings. Before these volumes were published a great deal of Jeremy Bentham's economic work was completely unknown. All three volumes contain historical introductions and collections of passages from Bentham's non-economic writings which illustrate his views on economics as a science and the problems of methodology.
First published by George Allen & Unwin in the 1950s.

The economies of the Middle East and North Africa (MENA) region have always been characterized by economic volatility and social disparities. The recent Arab Spring wave of protests has increased political uncertainty and instability in the region, and this timely book provides an in-depth analysis of the subsequent changes from economic, political and environmental perspectives. The international contributors provide a comprehensive overview of the situation in the Mediterranean Basin, addressing a wide range of contributing factors including: - productivity and innovation - trade and foreign investment - changing geo-political equilibria - labor markets and the role of women - the environment, climate change and energy sourcing. The book concludes that the key problems shared by MENA countries are the uncertain economic prospects coupled with high levels of unemployment - a combination that, through different channels, limits technological and innovative capacities. This book will prove an enlightening read for scholars, researchers and students in various academic fields including development economics, development studies, political economy, international politics and Islamic studies. Contributors: S. Alessandrini, C. Altomonte, A.H. Bayar, M.G. Bosco, S. Contessi, F. de Nicola, A. Farshbaf, M. Ferrara, L. Li, R. Mavilia, M. Nicolini, J.B. Nugent, S. Porcheri, V. Talbot, H. Youssef

First published in 1987, this book comprises a critical evaluation of Marxist, Gramscian and pluralist theories of social development; the application of these theories, chiefly to Third World countries: hence consideration of the problems of 'specificity', general theory and social change. This is followed by an assessment of the stages of economic development in relation to state power and politics; and the role of the 'external': the impact of the world market economy and the security imperative. The book is not a discussion of theory, but of theory-in-practice. Above all, it represents a continuing debate between Marxism and pluralism - on the themes of accumulation, power, legitimacy - resulting in convergence.

This book addresses key questions on biofuels within agrarian political economy, political sociology and political ecology. Contributions are based on fresh empirical materials from different parts of the world. The book starts with four key questions in agrarian political economy: Who owns what? Who does what? Who gets what? And what do they do with the surplus wealth? It also addresses the emergent social and political relations in the biofuel complex and, given the impacts on natural resources and sustainability, engages with questions about people-environment interactions. At the same time, the book is concerned with the politics of representation, that is, what are the discursive frames through which biofuels are promoted and/or opposed?

The book analyses the institutional structures, and cultures of energy consumption on which a biofuels complex depends, and the alternative political and ecological visions emerging that call the biofuels complex into question. Across sixteen chapters presenting material from five regions across the North-South divide and focusing on fourteen countries including Brazil, Indonesia, India, USA and Germany, these topics are addressed within the following themes: global (re)configurations; agro-ecological visions; conflicts, resistances and diverse outcomes; state, capital and society relations; mobilising opposition, creating alternatives; and change and continuity.

This book was published as a special issue of the Journal of Peasant Studies.

First published in 1938 this Routledge Revival is a reissue of the autobiography of influential economist J. A. Hobson. A comprehensive work, it details many aspects of his life including his background, influences, ethical principles, philosophy and religion. In a life which spanned great social, political and economic change - not least that brought about in the aftermath of the first world war - Hobson's humanist economic philosophy had a lasting impact upon economic and sociological thought.

This book is the culmination of several years work by a group of academics, policy-makers and other professionals looking to understand how alternative economic thinking - and indeed thinking from quite different social-scientific disciplines - could enhance the mainstream economic approach to environmental and natural-resource problems. Of the editors, Dietz comes from the mainstream economics tradition, while Michie and Oughton draw explicitly on institutional and evolutionary economics. The various authors represent a range of disciplinary backgrounds and approaches. This book draws on the strengths of each and all of these approaches to analyse environmental issues and what can be done to tackle these through corporate and public policy. This book makes the case for an inter-disciplinary approach. Two themes which emerge repeatedly throughout the book are the need for an interdisciplinary theory of technological change, and the need for a similarly interdisciplinary approach to the study of human behaviour and how it influences both production and consumption choices. The two themes are of course related. Resolving environmental questions requires an understanding of their nature, of their causes and, to the extent that they are anthropogenic, of how to change human behaviour. These fundamental issues are the focus of the four chapters that form Part 1 of this volume. The remainder of the volume develops them in more detail. .

It has always been an important task of economics to assess individual and social welfare. The traditional approach has assumed that the measuring rod for welfare is the satisfaction of the individual's given and unchanging preferences, but recent work in behavioural economics has called this into question by pointing out the inconsistencies and context-dependencies of human behaviour. When preferences are no longer consistent, we have to ask whether a different measure for individual welfare can, and should, be found.

This book goes beyond the level of preference and instead considers whether a hedonistic view of welfare represents a viable alternative, and what its normative implications are. Offering a welfare theory with stronger behavioural and evolutionary foundations, Binder follows a naturalistic methodology to examine the foundations of welfare, connecting the concept with a dynamic theory of preference learning, and providing a more realistic account of human behaviour.

This book will be of interest to researchers and those working in the fields of welfare economics, behavioural and evolutionary economics.

The problems of a troubled world economy and the essentially political issues of how it should be managed make up the stuff of international political economy. The overwhelming importance of these questions has drawn ever increasing numbers of students and teachers in universities, colleges and schools to study the subject. There are many paths into international political economy for them to follow and this volume, originally published in 1984, discusses most of them.

The collection as a whole demonstrates that the field should be seen as the exclusive preserve of neither the economists nor the political scientists. On the contrary, there is much to learn from specialists - and practical people in government and business - with a variety of backgrounds. A rich selection is therefore offered, including history, population studies, money, trade, technology and law, from which the reader can pick and choose at will. The contributions point to the landmarks of the subject and provide useful tips on the best books to read and the most interesting ideas to look out for.

This volume assesses China's Belt and Road Initiative (BRI) as it approaches its tenth year in operation. The programme has gone through a difficult transition since its inception in 2013, with an environment developing in a way utterly unanticipated by Chinese decision-makers. Despite pragmatic adjustments to the BRI, the lack of a firm empirical base has impeded the BRI and led to its demise in many countries. With the accumulation of nearly ten years of project and economic data, it is possible to make an in-depth assessment of the BRI. For this purpose, the study examines the infrastructure component of the BRI in 39 countries, stretching from the Americas to Oceania and, finally, South Asia. The study finds a strong relationship between a country's progress in improved governance and the quality of its infrastructure. Countries that have benefited from the BRI have simultaneously achieved progress in governance areas, such as the rule of law and control of corruption. By not emphasizing improved governance structures, China condemns many of its partners to failure. Researchers, students, and economic development specialists from Latin America to South Asia and Oceania will find this study a useful departure from the volumes of anecdotal BRI assessments.

Known as the "economist's economist" for his work on creating a synthetic economic theory, Swedish economist Knut Wicksell was a controversial, but highly influential figure in modern economic thought. His contributions to marginal productivity theory, income distribution and, most notably, his theory of interest would come to have a profound impact upon twentieth century economic theory, not least in the work of John Maynard Keynes. First published in English in 1934 and 1935, this Routledge Revival set is a reissue of Wicksell's two volume work on political economy, first published in Sweden in 1901 and 1906. This work is aimed at both the professional economist and the advanced student alike, as well as all those interested in the theoretical development of political economy. Volume I concerns itself predominantly with issues of theory: specifically the theory of value, the theory of production and distribution and the theory of capital accumulation. Volume II deals with theories relating to money, currency and credit.

This book examines the progress and reception of China's Belt and Road Initiative (BRI) in key subregions of Asia, Africa and Europe. Through its exploration of the patchwork of distinctive sub regions of each continent, the book analyses how well the BRI accommodates sub regional variation as it attempts to integrate Asia, Africa, and Europe under Chinese auspices. Individual chapters focus on how developing subregions experience BRI relations with China, while others focus on how liberal powers seek to compete with China's BRI agenda. The contributions also gauge the impact of the COVID-19 pandemic on the BRI in regional settings and point to its future implications. Offering a panoramic view of the vast mosaic of Asian, African, and European sub regions targeted by the BRI, this book will be of interest to scholars and students of International Relations and Global Political Economy as well as Chinese politics and those with an interest in the Belt and Road Initiative more broadly.

In a dramatic and well-argued challenge to the prevailing wisdom, Prosperity and Public Spending, first published in 1988, contends that the failure of Keynesian economics has been due to its timidity. Far from contracting, the government must expand its powers and activities, in order to achieve and maintain economic prosperity. The need for such expansion arises from the fact that the system has developed from a craft-based economy to a mass-production network with sophisticated international finance. This "transformational growth" brings about irreversible and sometimes devastating changes, requiring government action. Professor Nell argues that a lack of government action in the decade prior to the book's initial publication was responsible for the stagnation of the economy and he asserts that this could only be overcome by a determined policy intervention and the political will to achieve dominance over private capital.

The volume focuses on the issue of globalization of research and development (R&D) in China. China has become the number one choice of R&D for multination corporations (MNCs), according to a recent survey. Many of the largest MNCs in the world, such as Microsoft, GE, GM, HP, Motorola, and Lucent, among hundred of others, have established R&D facilities. The phenomenon has become a hot issue among policy debates in many countries regarding job outsourcing, national and regional competitiveness, and China. This book examines the issue of foreign R&D, particularly, those from MNCs in China: the drivers, missions, locations, management challenges, policies, and implications for China's innovation system. This book was previously published as a special issue of the Asia Pacific Business Review.

An in-depth exploration of the political economy of the Chinese technology company Baidu which, along with China's other tech giants Alibaba and Tencent, has emerged as a leading global Internet company. Baidu - not Google - is the dominant search company in China, the largest Internet market in the world, whose impact on the political economy is no longer limited to China, but the broader global market, and in particular the US economy. This book outlines the intense competition within the search engine market and illustrates the inter-capitalist dynamic in the contemporary Chinese Internet sector, and highlights Baidu's uniqueness on the global stage as it pivots to Artificial Intelligence (AI) and expands into other industrial sectors. ShinJoung Yeo offers a window into the intensifying geopolitical shaping of the global Internet industry, and the contention and collaboration among multinational firms and states to control the most dynamic capitalist economic sector - the Internet. An important and timely analysis for anyone interested in the political economy of the global media, communication, and information industries, and particularly those requiring a better understanding of the Internet industry in China.

Inequality is the crisis of our time. The growing gap between a few at the top and the rest of society damages us all. No longer able to deny the crisis, every government in the world is now pledged to fix it - and yet it keeps on getting worse. In this book, international anti-inequality campaigner Ben Phillips shows why winning the debate is not enough: we have to win the fight. Drawing on his insider experience, and his personal exchanges with the real-life heroes of successful movements, he shows how the battle against inequality has been won before, and he shares a practical plan for defeating inequality again. He sets a route map for us to overcome deference, build our collective power, and create a new story. Most books on inequality are about what other people ought to do about it - this book is about why winning the fight needs you. Tired of feeling helpless in the face of spiralling inequality? Want to know what you can do about it? This is the book for you.