Despite the global financial crisis in 2007-2008, neoliberalism has remained dominant and even informs the responses to the crisis. In his masterful analysis, Damien Cahill demonstrates that this resilience is due to neoliberalism being firmly embedded within wider class relations, institutions and ideological norms. And yet, as Cahill also argues, progressive change is possible provided it is based on large-scale political mobilisation. I most strongly recommend this book for reading.' - Andreas Bieler, Nottingham University, UK'Damien Cahill has emerged as one of the most penetrating social scientists on the politics of neoliberalism in the advanced capitalist societies. In his new book, he brings his many years of pouring over policy documents to examine neoliberalism in the new 'age of austerity'. The result is an impressive survey of the history and debates about neoliberal policies. But more powerful is Cahill's hard-headed analysis of why neoliberalism may not simply be in decline, despite the great social disasters it has produced: the 'Great Recession' of 2008 only being the most spectacular. Cahill insists on what many are only beginning to realize: that a new progressive political economy will not emerge as a result of the 'failure of neoliberal ideas', but only when an alternative vision of society fuses with new organized forms of social resistance.' - Greg Albo, York University, Toronto, Canada When the global financial crisis hit in 2007, many commentators thought it heralded the end of neoliberalism. Several years later, neoliberalism continues to dominate policy making. This book sets out why such commentators got it so wrong, and why neoliberalism remains so durable in the face of crisis. This book is the first comprehensive critique of the dominant 'ideas-centered' approach to understanding neoliberalism. It offers an alternative view of neoliberalism as a policy regime that is embedded in institutions, class relations and ideological norms. Damien Cahill argues that the socially embedded nature of neoliberalism explains why policy makers continue to use neoliberal policies as forms of crisis response, even though the crisis itself resulted from several decades of neoliberal restructuring. It takes aim at dominant interpretations of neoliberalism, arguing that it is wrongly viewed as reflecting neoliberal free market ideals, or as resulting from the influence of fundamentalist neoliberal intellectuals. The book concludes with a prognosis of the future prospects for neoliberalism. The End of Laissez-Faire? is a compelling and insightful analysis of neoliberalism, which will appeal to scholars and students of public policy, political science, sociology, political economy, anthropology, human geography, industrial relations and economics-related studies. Contents: Introduction 1. The Idealist View of Neoliberalism 2. Actually Existing Neoliberalism 3. Did Neoliberal Ideas Create the Neoliberal State and Economy? 4. Always Embedded Neoliberalism 5. The Class Embedded Nature of Neoliberalism 6. Institutionally Embedded Neoliberalism 7. Ideologically Embedded Neoliberalism 8. The Global Financial Crisis and the Future of Embedded Neoliberalism Bibliography Index

In five decades, Taiwan has shifted from an authoritarian regime to a multi-party democracy, has moved steadily toward modernization, and has become an economically affluent, socially pluralistic society. Its experience provides valuable lessons for developing countries. This book offers a critical assessment of Taiwan's path to modernization, focusing particularly on developments of constitutional democracy and the rule of law, democratic transition and consolidation, internationalization and globalization, and social developments.

From its market economy to its democratization, Taiwan provides a valuable case study. On social developments, it provides a unique model of demographic transition, rising women's social status, and the emergence of the nuclear family. In eighteen chapters written by prominent scholars, this book examines the multiple aspects of Taiwan's modernization in a global perspective.

Based on a policy-making theoretical framework and on the recent experiences of 10 developing countries, this study explores the factors that lead to the success or failure of telecommunications reform. It provides universal conclusions that might help predict the success or failure of telecommunications policies, such as, privatization and liberalization, in other nations that are moving towards reform. This book is an original contribution to our understanding of the rapid and often complex transformations in telecommunications policies. It defies previous assumptions about conditions for success and failure of policy implementation. Although numerous publications deal with telecommunications policy reform in Europe or the United States, little has been written about it in the developing world. This book fills the gap and will be invaluable for academics, policy makers, and others concerned with communications, economic development, and international business.

Using case studies, the authors evaluate the potential attractiveness of incentive-based policies for the regulation of four specific toxic substances: chlorinated solvents, formaldehyde, cadmium, and brominated flame retardants. Originally published in 1992, the authors provide a compelling demonstration of the role of case studies in determining the appropriate regulatory approach for the specific toxic substances. This is a valuable title for students concerned with environmental issues and policy making.

Across Europe, market mechanisms are spreading into areas where they did not exist before. In public administration, market governance is displacing other ways of coordinating public services. In social policy, the welfare state is retreating from its historic task of protecting citizens from the discipline of the market. In industrial relations, labor and management are negotiating with an eye to competitiveness, often against new non-union market players. What is marketization, and what are its effects? This book uses employment services in Denmark, Germany, and Great Britain as a window to explore the rise of market mechanisms. Based on more than 100 interviews with funders, managers, front-line workers, and others, the authors discuss the internal workings of these markets and the organizations that provide the services. This book gives readers new tools to analyse market competition and its effects. It provides a new conceptualization of the markets themselves, the dilemmas and tradeoffs that they generate, and the differing services and workplaces that result. It is aimed at students and researchers in the applied fields of social policy, public administration, and employment relations and has important implications for comparative political economy and welfare states.

For over five decades, North Korea has outlived many forecasts of collapse despite defects in its system. Origins of North Korea's Juche: Colonialism, War, and Development, edited by Jae-Jung Suh, argues that it has survived because of Juche, a unique political institution built on the simple notion of self-determination, whose meanings and limits have been shaped by Koreans' experiences with colonialism, war, and development amidst surrounding superpowers that have complicated their aspirations and plans. The authors in this volume collectively provide an historical institutionalist account of North Korean politics organized around the concept of Juche-commonly translated as self-reliance, but best understood as subjecthood or being a master of one's own fate-focusing on its role as a response to North Korea's experiences with colonialism, the Korean War, and economic development. The contributors further discuss how Juche circumscribes the evolutionary path that North Koreans can take as they negotiate contemporary challenges. North Korea, as it is now, is best understood in terms of Juche which embodies the cumulative effect of its historical experiences and responses, and its future potential and trajectory, as enabled and constrained by its conception of Juche. This collection provides fascinating insights into the politics and history of one of the world's most mysterious nations.

Adam Smith and the Philosophy of Law and Economics is a unique book. Malloy and Evensky bring together a team of international and interdisciplinary scholars to address the work of Adam Smith as it relates to law and economics. In addition to their own contributions, the book includes works by Dr. John W. Cairns of the University of Edinburgh, Dr. J. Ralph Lindgren of Lehigh University, Professor Kenneth A.B. Mackinnon of the University of Waikato, and the Honorable Richard A. Posner of the United States Circuit Court of Appeals. Together these authors bring expertise from the areas of law, philosophy, history, economics, and law and economics to a new study of Adam Smith and his work. Part One of the book presents new and important observations on Smith's views on community, ethics, the court system, criminal law, and delictual or tort law liability. In this part of the book Smith's work is also examined from the perspective of his use as persuasive authority in the works of modern legal economists. In Part Two the 'living Smith' is explored by way of a debate between two major contributors in the field of law and economics. The debate and its analysis create a unique and contemporary opportunity to study Smith as a foundational source in the midst of a current academic and social policy dispute. The understanding of Adam Smith that emerges from this book is new and complex. It will challenge the one-dimensional portrayals of Smith as a promoter of self-interest and it will correct many of the misinterpretations of Smith that are currently fashionable in the worlds of law and economics and the philosophy of law.

This book explores Austrian capital theory and Austrian business theory from the perspective of modern economics. Sustainable change within the production structure is examined in relation to time preference, the Boehm-Bawerkian theory of capital and interest, and the Hayek Triangle. In turn, the impact of monetary shocks and boom-bust cycles is detailed, with a particular focus on the Ricardo Effect, dynamics of money supply, and the natural rate of interest. This book aims to present a new framework for Austrian economics that will make these ideas applicable to both mainstream economic models and modern economists. It will be relevant to students and researchers interested in the history of economic thought and the political economy.

Based on fieldwork in Kinshasa and Paris, Breaking Rocks examines patronage payments within Congolese popular music, where a love song dedication can cost 6,000 dollars and a simple name check can trade for 500 or 600 dollars. Tracing this system of prestige through networks of musicians and patrons - who include gangsters based in Europe, kleptocratic politicians in Congo, and lawless diamond dealers in northern Angola - this book offers insights into ideologies of power and value in central Africa's troubled post-colonial political economy, as well as a glimpse into the economic flows that make up the hidden side of the globalization.

This book reviews the key policy debates during the post-crash era, describing the issues that policymakers grappled with, the decisions that they took and the details of the policy instruments that were created. Focusing specifically on issues in monetary and fiscal policy, chapters demonstrate that very little that was done during this period conformed to the simple textbook treatment of macroeconomic policy: central banks cutting policy rates or finance ministers cutting the rate of income tax. The author guides the reader through the revolution in the conduct of macroeconomic policy in an engaging and approachable manner, and illuminates the key innovations in the toolkit and themes in the debate over past years with great detail, from negative rates to quantitative easing, and from austerity versus financial repression, restructuring and default to productivity puzzles and deflation.

The central focus of the book is the state's efforts to industrialize Myanmar, first through direct intervention and planning under a socialist economic framework as interpreted by the state leaders (1948-88) and lately (1989 onwards) through state-managed outward orientation. In examining developments during the 1948-88 period, this study situates the Myanmar case within the developmental state paradigm, whereby a critique of the investment-driven-pathway of Myanmar's political economy under socialist ethos is provided. On the other hand, in examining the post-1988 period, the focus is on drawing attention to continuities regarding the states crucial role, despite attempts to introduce market-conforming policies and practices, in economic development in general and industrialization in particular.

Rereading Marx, Weber, Gramsci and, more recently, Foucault, Beatrice Hibou tackles one of the core questions of political and social theory: state domination. Combining comparative analyses of everyday life and economics, she highlights the arrangements, understandings and practices that make domination conceivable, bearable, even acceptable or reassuring. To carry out this demonstration, Hibou examines authoritarian situations-especially comparing the paradigmatic European cases of fascism, Nazism and Soviet socialism and those of contemporary China or North and Sub-Saharan Africa.

This book focuses on the application of newly innovated analytical tools for sustainable development on regional economic and environmental issues in Korea. With a range of case studies, the authors explore a series of theoretical models and empirical methods including spatial CCE Model, multiregional Input-Output and econometric analysis, logit model, contingent valuation method, GIS, sample selection model, machine learning technique, stochastic frontier analysis, and panel analysis. These models and methods are tailored to spatial development issues such as agglomeration, clustering and industrial innovation, human capital and labor market, education and R&D investments and economic resilience for regional economies and unexpected disaster, and natural resources for environmental markets. Quantitative Regional Economic and Environmental Analysis for Sustainability in Korea is of particular interest to policy makers and practitioners, as well as research scholars active in sustainability science.

Germany's ability to support its war machine financially has long puzzled scholars. The young nation had exhausted itself paying for its loss in the First World War, had suffered a hyperinflation in the early 1920s, and had ended the 1920s with a terrible economic depression. This is the first book in any language to examine the budget policies of the middle years of the Weimar Republic and to look at how these policies changed the politics of the time. It is also the first work to support the government's aggressive use of deficit spending and fiscal stimuli to promote economic growth. Some findings even indicate that the German government could have used creative financial solutions to avoid the worst of the Depression and to avert the Nazi regime.

Clingan explores the changes and continuities in fiscal policy and budget-making politics, beginning in the last years of the Wilhelmine Empire and continuing into the 1930s. Although this is a story about money, it is also a story about men. Very few in Nazi Germany understood the intricacies of fiscal policy and budget making, and political parties tended to follow the lead of those who did. Clingan combines their personal stories with the tale of a country still growing into its economic power and still trying to learn both its limits and its strengths.

Everywhere one travels in the world, people are excited about the new high technology production system. But the global villagers are also perplexed about the new social service needs that seem to accompany the high-tech economy: child care needs for working couples, elder care facilities for infirm senior citizens, burgeoning health care costs accompanying high-tech medicine, nursery school and college tuition costs, and more. There has been a global response to these social service needs, and this book will present and analyse that response. For, a new phenomenon may be emerging, as contradictory as it may appear, a kind of 'caring capitalism' may arise, worldwide. This book explores the various attempts around the globe to create a system of 'caring capitalism' and why nations have been pressured by the 'new middle class' to do so.

This book describes various methods of analysis for ascertaining the effects of agglomeration economies, which are important for formulating regional economic policies. Specifically, it describes new analytical approaches using productivity and productive efficiency analyses as methods for understanding agglomeration economies. Additionally, the book provides application results for Japanese regions and proposes desirable regional policies. According to the new analytical methods advocated in this book, agglomeration economies are larger in major metropolitan areas than in local regions, and in the manufacturing sector than in the non-manufacturing sector. These results are consistent with general knowledge. Moreover, the majority of productivity growth pertaining to regional economies is explainable by improvements to accessibility. Improving accessibility for regions reduces transportation costs between them and strengthens agglomeration economies, which, in turn, enable the sustainable development of regional economies. Therefore, this book highlights the need not only to reinforce existing agglomeration areas, but also to form a network between these agglomerations and to strengthen it, so as to realize regional economic growth despite a decreasing population.

This is the first theoretical book on Chinese Cultural Soft Power. It focuses on the inner logical relations between Chinese cultural soft power and the realization of the China Dream, while also offering detailed explanations of the scope of and essential questions concerning Chinese cultural soft power. The book is divided into six parts, which, taken together, concisely yet thoroughly examine the theoretical roots of soft power and the current status of China's soft power as illustrated in concrete cases. On this basis, the author subsequently draws a cautious overall conclusion on the development of China's soft power.

This is the second volume in a two-part series on frontiers in regional research. It identifies methodological advances as well as trends and future developments in regional systems modelling and open science. Building on recent methodological and modelling advances, as well as on extensive policy-analysis experience, top international regional scientists identify and evaluate emerging new conceptual and methodological trends and directions in regional research. Topics such as dynamic interindustry modelling, computable general equilibrium models, exploratory spatial data analysis, geographic information science, spatial econometrics and other advanced methods are the central focus of this book. The volume provides insights into the latest developments in object orientation, open source, and workflow systems, all in support of open science. It will appeal to a wide readership, from regional scientists and economists to geographers, quantitatively oriented regional planners and other related disciplines. It offers a source of relevant information for academic researchers and policy analysts in government, and is also suitable for advanced teaching courses on regional and spatial science, economics and political science.

Social investment is a strategy that addresses neoliberal austerity by putting private capital to public purpose. An investment state serves as a sequel to the welfare state by maximizing capability, expanding employee benefits, implementing evidence-based policy, democratizing polity and commerce, and advancing social and institutional inclusion. The Investment State provides a template for future social policy, which can be adapted to cities, states, nations, and international trade agreements. It serves as a sequel to the author's previous book, The Dynamic Welfare State (OUP, 2016) - which included a theory of welfare state decline - by envisioning a new paradigm for social programs.

Africa suffers from two main diseases: poor management and a lack of vibrant entrepreneurial activity. The continent has the raw materials, the people, and the potential to be developed, and yet there remain barriers that prevent it from bettering itself.  To promote entrepreneurship as an engine of economic development and growth, the author has developed a Quintuple Helix Model which advocates mutual cooperation and information sharing among the five helices and provides valuable guidelines to policymakers on how to build entrepreneurship ecosystems in sub-Saharan Africa. It goes on to examine the roles that government, donors, and public and private sectors play and how Africans themselves might take the development of entrepreneurial societies into their own hands.  The book includes seven chapters that emphasize the key role that each of the five components could play in the development of entrepreneurial ecosystems. Entrepreneurship scholars, policy makers, and national and local governments of sub-Saharan Africa will value this insight as they strive to create a more favorable landscape for their citizenry.

This book illustrates the role of international economic advisors in the development of Israel's economic policies. Based on extensive archival and historical research, it presents case studies on the policy impacts of the world-renowned advisors Michal Kalecki, Abba Lerner, Richard Kahn, Milton Friedman, Herbert Stein and Stanley Fischer. The authors evaluate the contributions of these advisors to policy developments in various fields, including international trade and capital flows, exchange rates, fiscal and monetary policy, industrial policy and labor relations. Readers will discover a wealth of previously unpublished information on these advisors' activities, perspectives on policy and interactions with policymakers and the public. Using the Israeli experience as a guide, the authors subsequently derive general hypotheses regarding the conditions that are conducive to the success of economic advisors.

This book synthesizes psychoanalytic and Marxist techniques in order to illuminate the resistance to a socialization of the American economy, the protectionist discourses of anomalous American capitalism, and the suppression of the capitalist welfare state. After the Second World War, Democrats and Republicans effectively eliminated the communist and socialist parties from the American political spectrum and suppressed their allied labor movements. The right-wing shift of both parties fabricated a false opposition of left and right that does not correspond to political oppositions in the industrialized democracies. Marxist perspectives can account for the massive inequality of the political economy, but they are insufficient for illuminating its preservation. Psychoanalysis is necessary in order to explain why Americans continue to vote within a two-party system that neglects the lower classes, and why the working class tends to vote against its own interests. The psychoanalytic techniques employed include doubling, repetition, displacement, condensation, inversion, denial, fetishizing, and cognitive repression. In examining the fixation upon the proxy binary of Democrat vs. Republican, which suppresses the true opposition of left vs. right and neutralizes alternatives, the work analyses numerous contemporary political issues through applications of Marxist psychoanalytic theory.

This book discusses the regulatory and trade challenges facing the global adoption of biotechnological products and offers strategies for overcoming these obstacles and moving towards greater global food security. The first section of the book establishes the context of the conflict, discussing the challenges of global governance, international trade, and the history of regulation of genetically modified (GM) crops. In this section, the authors emphasize the shift from exclusively science-based regulation to the more socio-economically focused framework established by the Cartagena Protocol on Biosafety, which was adopted in 2000. The second section of the book provides a snapshot of the current state of international GM crop adoption and regulation, highlighting the US, Canada, and the EU. The final section of the book identifies options for breaking the gridlock of regulation and trade that presently exist. This book adds to the current literature by providing new information about innovative agricultural technologies and encouraging debate by providing an alternative to the narratives espoused by environmental non-governmental organizations. This book will appeal to students of economics, political science, and policy analysis, as well as members of regulatory agencies and agricultural industry firms.

The Report predicts that the coming five years will witness the five countries keep improving in national innovative competitiveness, with China and Russia maintaining their strong growth momentum, India growing at a moderate rate, and Brazil and South Africa gradually picking up speed and climbing out of the trough. It estimates that the five countries' national innovative competitiveness will be keeping steady growth by 2030. The General Reports part presents a comprehensive analysis of the current status and achievements of STI cooperation between China and other BRICS countries and proposes priority areas of BRICS STI cooperation to provide valuable decision inputs for the BRICS countries to accelerate the improvement of their national innovative competitiveness. The Country Reports part respectively analyzes and makes predictions on the national innovative competitiveness of the BRICS countries based on a survey of their STI development and STI cooperation within the BRICS framework. The Thematic Reports part focuses on four thematic areas closely related to STI, i.e. digital economy, financial inclusion, energy, and agriculture, and offers detailed analysis of the STI development and potential of the countries in relevant areas, providing additional inputs for a further understanding of the national innovative competitiveness of the BRICS countries.

This book provides a systematic study of the political, economic, cultural, and educational changes that have taken place in China since 1978, and examines the impacts of these changes on the Chinese people's thinking and behavior. Jing Lin traces the gradual change of the Chinese from obedient, unquestioning citizens to critical and intelligent thinkers. She points out that with the more relaxed political and economic environment the Chinese people have gone through a period of reflection on their communist past, which has resulted in a new sense of identity and a more independent spirit. The book also looks at how the Chinese have begun to learn from other countries, resulting in an ongoing desire for openness and democracy.