At a time when political leaders of the member nations are not acting to strengthen the multilateral trading system via the World Trade Organization, it is worthwhile to reflect on the WTO's contributions to global welfare since its inception more than 65 years ago. This volume assembles seminal empirical studies which estimate the past and prospective, national and global economic welfare impacts of GATT/WTO-induced multilateral trade liberalizations. It also touches on the effects of the Uruguay Round's TRIPS Agreement on intellectual property rights, and the benefits from WTO accessions and trade facilitation initiatives. In his authoritative introduction, Professor Anderson points to the numerous additional contributions of the WTO (and its predecessor, the GATT) which, though difficult to quantify, are nonetheless of great value and highlights those areas where further empirical research could shed more light on the net benefits of this important institution.

Free market capitalism has created a divided American society. Conservative economic and social policy thinking drove the Right's Project from 1980 to its collapse in 2008, leaving the world in ruins and fascism on the march. The Vision of a Real Free Market Society challenges the Left to create new forms of the market economy that promote efficiency and equality while permanently thwarting concentrated power. Many recent commentators have offered policy recommendations based on existing economic institutions. By contrast, this book calls for root-and-branch changes to the inherent structure of American capitalism. The Vision of a Real Free Market Society: Re-Imagining American Freedom presents a Left-egalitarian case for limited government that overcomes the failures of conservatism while rescuing economic justice from the weaknesses of tax and transfer liberalism. The book explains why the system fails so many Americans in so many different ways, and outlines how we can build a better economy that simultaneously promotes freedom and social justice while crippling the powers of America's oligarchs. Exploring the idea of a left-wing case for strong but small government, the book makes the case for fundamental reforms that will lead to a truly free and fair society. This provocative book will be of great relevance to anyone with an interest in politics, philosophy or economics, and will challenge readers to rethink their assumptions concerning the prospects for combining justice with fairness in the modern world.

Building on the concept of depoliticization, this book provides a first systematic analysis of International Organizations (IO) apolitical claims. It shows that depoliticization sustains IO everyday activities while allowing them to remain engaged in politics, even when they pretend not to. Delving into the inner dynamics of global governance, this book develops an analytical framework on why IOs "hate" politics by bringing together practices and logics of depoliticization in a wide variety of historical, geographic and organizational contexts. With multiple case studies in the fields of labor rights and economic regulation, environmental protection, development and humanitarian aid, peacekeeping, among others this book shows that depoliticization is enacted in a series of overlapping, sometimes mundane, practices resulting from the complex interaction between professional habits, organizational cultures and individual tactics. By approaching the consequences of these practices in terms of logics, the book addresses the instrumental dimension of depoliticization without assuming that IO actors necessarily intend to depoliticize their action or global problems. For IO scholars and students, this book sheds new light on IO politics by clarifying one often taken-for-granted dimension of their everyday activities, precisely that of depoliticization. It will also be of interest to other researchers working in the fields of political science, international relations, international political sociology, international political economy, international public administration, history, law, sociology, anthropology and geography as well as IO practitioners.

The Richer, The Poorer charts the rollercoaster history of both rich and poor and the mechanisms that link wealth and impoverishment. This landmark book shows how, for 200 years, Britain's most powerful elites have enriched themselves at the expense of surging inequality, mass poverty and weakened social resilience. Stewart Lansley reveals how Britain's model of 'extractive capitalism' - with a small elite securing an excessive slice of the economic cake - has created a two-century-long 'high-inequality, high-poverty' cycle, one broken for only a brief period after the Second World War. Why, he asks, are rich and poor citizens judged by very different standards? Why has social progress been so narrowly shared? With growing calls for a fairer post-COVID-19 society, what needs to be done to break Britain's destructive poverty/inequality cycle?

Energy is a key resource for transformational development globally. Oil and gas continue to play a key role in this sector irrespective of the gradual transition towards renewables and will continue to do so in most developing and emerging economies in the near future. The industry is complex and highly capital intensive with significant risk, but also with significant benefits. Such a complex but important sector is generally not well understood both in academic and policy circles. This book fills this void by serving as a comprehensive reference to the oil and gas sector, with a focus on emerging markets and developing economies (EMDEs). It offers in-depth coverage of the critical and contemporary issues in the economics of oil and gas industry by carefully integrating the relevant theoretical underpinnings and practical policy issues across the value chain of the industry in relation to the development, fiscal arrangements, and the economic and financing aspects of the industry. These insights will significantly deepen the understanding of the industry and extend the knowledge of the sector in ways that existing books do not. The book includes relevant cases and thus, will serve as a valuable resource for students taking courses in market analysis of the oil and gas industry, energy economics, development economics and finance, environmental and resource economics, the political economy of the extractive industry and development studies. Researchers and practitioners working in these areas will also find the book to be a useful reference guide.

Drawing on more modern expressions of economic analysis, this book explores the interplay between wellbeing, nature and moral values in economics. In standard accounts of economics, these three themes are typically treated in isolation from each other, or else overlooked entirely. This book argues that due to this blinkered approach, standard economic analysis is poorly equipped to deal with global contemporary challenges including climate change, biodiversity loss, sustainability, and the risk of pandemic diseases. The book reviews the economic literature to show that the last few decades has seen the re-insertion into economic analysis of human wellbeing, natural resources and moral values: three themes present in early economic thought that are highly relevant to the challenges ahead. The book argues for the greater integration of these three themes as the natural environment is crucial to human wellbeing, and moral values are essential for environmentally benign behaviors. The book also focuses on how specific moral values, identified by contemporary moral psychology, actually shape economic behavior rather than how abstract ethical principles they should shape economic behavior. The book will be of significant interest to readers in the economics and social sciences, particularly behavioral economics and social psychology.

In an era of increasing inequalities, and also of deep anxieties about the consequences of two major economic crises, economists are faced with a major question: can economic growth be achieved without inequalities? Economic Growth and Inequality critically evaluates the economic literature on this question from a pragmatic perspective, seeking to reconcile those who regard economic liberties as a paramount value, and critics who object that prioritizing these liberties leads to inequitable outcomes. The book presents an overview of the models used by economists to define and measure inequalities and the ongoing dialogues between political philosophers and economists in an effort to find solutions to the problems. It explores Rawlsian justice, Sen's capability theory, and the theory of rent and compares and contrasts the most often discussed institutions and policies designed for remedying poverty and reducing inequalities. This book marks a significant contribution to the literature on some of the most pressing problems of our time and will be of great interest to readers of political economy, public policy, moral philosophy, and history of economic and political thought.

Long known as the world's factory, China is the largest manufacturing economy ever seen, accounting for more than 10% of global exports. China is also, of course, home to the largest workforce on the planet, the crucial element behind its staggering economic success. But who are China's workers who keep the machine running, and how is the labor process changing under economic reform? Pun Ngai, a leading expert in factory labor in China, charts the rise of China as a world workshop and the emergence of a new labor force in the context of the post-socialist transformations of the last three decades. The book analyzes the role of the state and transnational interests in creating a new migrant workforce deprived of many rights and social protection. As China increases its output of high-value, high-tech products, particularly for its own growing domestic market of middle-class consumers, workers are increasingly voicing their discontent through strikes and protest, creating new challenges for the Party-State and the global division of labor. Blending theory, politics, and real-world examples, this book will be an invaluable guide for upper-level students and non-specialists interested in China's economy and Chinese politics and society.

This textbook explains the politics of free trade agreements in Japan and South Korea. Examining free trade agreements in Japan and South Korea since the late 1990s, Choi and Oh analyze the role of institutions, political leaders, sectoral interests, and civil society in placing the two countries on alternate paths of free trade agreements at different points in time. Systematically approaching the politics of free trade agreements from each perspective, they expose the domestic political underpinnings of free trade agreements in a global trade order that is increasingly fraught with conflict. A valuable textbook for students of international political economy and international trade in East Asia, particularly those focusing on Japan and South Korea. It's also a useful resource for scholars and policymakers looking to better understand trade politics in East Asia.

Challenges to the Welfare State examines and assesses cultural, economic and political problems facing welfare states in Europe and North America and provides policy suggestions to alleviate these problems. An important group of authors identifies the relative merits of welfare state systems in the United States and Europe. They consider the transition of the welfare state in former Communist countries to more market oriented systems and the status of the European welfare state in the context of deepening European integration. More specifically, these experts address the question of whether further integration in Europe will result in an environment where all citizens are guaranteed only certain basic social rights and are encouraged to take private financial responsibility for health care, pension provision and insurance. The nature of social insurance institutions, the problems of ageing populations and the backlash against increasing taxation are also considered. The authors conclude that the reduction of existing government debt in the context of the move towards European Monetary Union will require either considerable increases in taxation or a significant reduction in entitlements. This book will be required reading for scholars and students of economics, social and public politics, politics and public administration.

EPDF and EPUB available Open Access under CC-BY-NC-ND licence This book assesses how the practice of contracting-out public employment services via competitive tendering and Payment-by-Results is transforming welfare-to-work in Ireland. It offers Ireland's introduction of a welfare-to-work market as a case study that speaks to wider international debates in social and public policy about the role of market governance in intensifying the turn towards more regulatory and conditional welfare models on the ground. It draws on unprecedented access to, and extensive survey and interview research with, frontline employment services staff, combined with in-depth interviews with policy officials, organisational managers and jobseekers participating in activation.

'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.

This volume historicizes the use of the notion of self-interest that at least since Bernard de Mandeville and Adam Smith's theories is considered a central component of economic theory. Having in the twentieth century become one of the key-features of rational choice models, and thus is seen as an idealized trait of human behavior, self-interest has, despite Albert O. Hirschman's pivotal analysis of self-interest, only marginally been historicized. A historicization(s) of self-interest, however, offers new insights into the concept by asking why, when, for what reason and in which contexts the notion was discussed or referred to, how it was employed by contemporaries, and how the different usages developed and changed over time. This helps us to appreciate the various transformations in the perception of the notion, and also to explore how and in what ways different people at different times and in different regions reflected on or realized the act of considering what was in their best interest. The volume focuses on those different usages, knowledges, and practices concerned with self-interest in the modern Atlantic World from the seventeenth to twentieth centuries, by using different approaches, including political and economic theory, actuarial science, anthropology, or the history of emotions. Offering a new perspective on a key component of Western capitalism, this is the ideal resource for researches and scholars of intellectual, political and economic history in the modern Atlantic World.

Phishing for Nazis is an evidence-based, undercover study of neo-Nazi communities on anonymous communication platforms that helps to shine a light on the dark web. It unveils how hatred and conspiracies spread and thrive online and how white supremacy is becoming prominent as extremists find shelter in the online dank underbelly of society. Phishing for Nazis explains how online manifestations of hate radicalize people into taking "real-world" action, such as shooting sprees. Methodologically, this book is unique, as it incorporates undercover cyberethnography, a method frequently used by law enforcement and intelligence agencies, unlike traditional academic studies of racism or social behavior that rely on secondary sources or surveys. With a particular interest on how race issues translate online, the book presents the true phenomenon of racism without relying on political correctness or whitewashing. It contributes to the field of cyber communication, as it details why and how people communicate and manage entire communities without knowing one another. The book also contributes to public policy, regulators, and technology companies as they deal with the practice of online anonymity and extremism.

This volume describes the unique development of Central Asia as defined by its landlocked geography. Particular attention is paid to the achievements and challenges of the region's post-Soviet economic and political transformation, as well as to its relationship with the participants in the New Great Game - Russia, China and the West. Located as it is in the geographical centre of booming Asia, and with the opportunity to become a key logistics bridge connecting the world's largest economies, Central Asia is well placed for rapid development. However, the region faces a range of complex problems that are explained and analysed in the volume. The Eurasian powers that encircle Central Asia look certain to become the engines of global economic growth, but how will this affect the region? Will Central Asia join the powerful locomotive of history, or will it remain on the sidelines?

An essential introduction to one of the most timely and important subjects in economics International Macroeconomics presents a rigorous and theoretically elegant treatment of real-world international macroeconomic problems, incorporating the latest economic research while maintaining a microfounded, optimizing, and dynamic general equilibrium approach. This one-of-a-kind textbook introduces a basic model and applies it to fundamental questions in international economics, including the determinants of the current account in small and large economies, processes of adjustment to shocks, the determinants of the real exchange rate, the role of fixed and flexible exchange rates in models with nominal rigidities, and interactions between monetary and fiscal policy. The book confronts theoretical predictions using actual data, highlighting both the power and limits of given theories and encouraging critical thinking. Provides a rigorous and elegant treatment of fundamental questions in international macroeconomics Brings undergraduate and master's instruction in line with modern economic research Follows a microfounded, optimizing, and dynamic general equilibrium approach Addresses fundamental questions in international economics, such as the role of capital controls in the presence of financial frictions and balance-of-payments crises Uses real-world data to test the predictions of theoretical models Features a wealth of exercises at the end of each chapter that challenge students to hone their theoretical skills and scrutinize the empirical relevance of models Accompanied by a website with lecture slides for every chapter

Using a philosophical and interdisciplinary approach, this book looks at how accountability can provide solutions to our current environmental and global political problems. When a social system has external elements imposed upon it, or presented to it, political problems are likely to emerge. This book demonstrates that what is needed are connecting social elements with a natural affinity to bring people together despite their differences. This book is different from others in the field. It provides new insights by critiquing the extant understandings of accountability and expands the possibilities by building on Charles Taylor's philosophies. Central to the argument of the book are perspectives on authenticity and expressivism which are found to provide a radical reworking of our understanding of being in the world, and a starting point for rethinking the way individuals and communities ought to be dealing politically with accountability and ecological crises. The argument builds to an accountability perspective that utilises work from interpretivism, liberalism, and postmodern theory. The book will be of interest to researchers in environmental philosophy, critical perspectives on accounting, corporate governance, corporate social reporting, and environmental accounting.

Low growth has become the economic default in the West. While China and other Asian Tigers continue to steam ahead, western commentators either argue that stagnation is inevitable, ignoring growth in order to focus on other factors such as inflation or inequality, or disclaim growth altogether. In Why the West is Failing, veteran businessman and economist John Mills strongly refutes these arguments. He maintains that the anaemic performance of western economies since the 1970s is due to the dominance of a policy framework that has fatally ignored the importance of industrial competitiveness. He shows that the key to driving up productivity - and thereby growth - is to promote a revival of manufacturing through investment and a competitive exchange rate policy. This would produce the extra resources needed to tackle climate change and reduce the risk of western politics continuing to spiral towards populist excess. It would also allow us to impede the baleful political consequences of Chinese economic domination.

Recent evidence suggests that macroeconomic outcomes are inferior in countries operating under presidential regimes compared with those with parliaments, with lower levels of economic growth, higher rates of inflation, and higher levels of income inequality in countries with presidential governments. Despite this, more heads of state look to consolidate and build their executive power. This book considers why presidential regimes, in particular, are so bad for the economy. Throughout the book, the authors comprehensively and simultaneously consider the impact of legal, political, and economic institutions on the mechanisms. It is first demonstrated that presidential countries have (on average) inferior outcomes relative to parliamentary states with respect to these institutions and, moreover, with respect to healthcare and human development indicators. Subsequently, the book explores the impact of constitutional choice (parliamentary versus presidential) on both institutions and macroeconomic outcomes. It is documented that having a presidential regime induces weaker institutions, but that quality institutions can mitigate some of the negative impacts of such regimes.

First published in 1983, Problems in Class Analysis presents a coherent theory of labour's domination by capital, based upon the notion of the capitalist nature of both the product relations and of the productive forces themselves, including science and technology. The author demonstrates that all knowledges are a product, direct or indirect, of economic relations, so that different knowledges will be the product of different social classes as determined by their position within economic production relations. By posing and re-solving fundamental problems in class analysis, Dr. Carchedi forms a bridge between the theory of the production process and contemporary debates in economics, sociology and epistemology.

Pioneering and comprehensive collection Critical and highly emancipatory explorations and insights Prominent figures and emergent scholars on failure Interdisciplinary coverage Guide to future direction of research and activism

Bringing together different perspectives on structural adjustment and the prospect for sustainable economic growth in Eastern Europe, Economics of Transition represents a shift in scholarly emphasis away from issues of stabilization and liberalization in favour of longer-term considerations. This major volume features a distinguished collection of papers focusing on the theoretical and policy implications of transition and change in Eastern Europe. Drawing on work from a wide range of traditions, it explores how effective demand induces growth, how diffusion takes place, how economic policy influences incentives, motivations and behaviours, how institutions influence organization and technological capability building, and how institutions both constrain and guide economic policy. Economics of Transition is the first of a major new series published by Edward Elgar for The Vienna Institute for Comparative Economic Studies. The intention of this new series is to encourage discussion on the economic theory and policy of transition and European economic integration.

This book examines the writings of seven English women economists from the period 1735-1811. It reveals that contrary to what standard accounts of the history of economic thought suggest, eighteenth- and early nineteenth-century women intellectuals were undertaking incisive and gender-sensitive analyses of the economy. Women's Economic Thought in the Romantic Age argues that established notions of what constitutes economic enquiry, topics, and genres of writing have for centuries marginalised the perspectives and experiences of women and obscured the knowledge they recorded in novels, memoirs, or pamphlets. This has led to an underrepresentation of women in the canon of economic theory. Using insights from literary studies, cultural studies, gender studies, and feminist economics, the book develops a transdisciplinary methodology that redresses this imbalance and problematises the distinction between literary and economic texts. In its in-depth readings of selected writings by Sarah Chapone, Mary Wollstonecraft, Mary Hays, Mary Robinson, Priscilla Wakefield, Mary Ann Radcliffe, and Jane Austen, this book uncovers the originality and topicality of their insights on the economics of marriage, women and paid work, and moral economics. Combining historical analysis with conceptual revision, Women's Economic Thought in the Romantic Age retrieves women's overlooked intellectual contributions and radically breaks down the barriers between literature and economics. It will be of interest to researchers and students from across the humanities and social sciences, in particular the history of economic thought, English literary and cultural studies, gender studies, economics, eighteenth-century and Romantic studies, social history, and the history of ideas.

This book examines the impact of the COVID-19 pandemic on changing labour markets and accelerating digitalisation of the workplace in Central and Eastern Europe. It provides an innovative and enriching take on the work experience from the pandemic times and discusses the challenges of ongoing changes in labour markets and workplaces in a way that is not covered by the extant literature. The impact of the COVID-19 pandemic and digitalisation on labour market outcomes is analysed throughout 12 chapters, by 34 labour market experts from various CEE countries. Most chapters are based on empirical methods yet are presented in an easy-to-follow way to make the book also accessible for a non-scientific audience. The volume addresses the three key goals: to better understand the impact of the COVID-19 pandemic on the adoption of workplace digitalisation in the selected labour markets in CEE countries and the potential trade-offs facing those who do and do not have access to this benefit to complement the labour market research by incorporating the outputs of changing demand for skills to contribute new insight into policies and regulations that govern the future of work The book argues that the recent COVID-19 pandemic was a sombre reminder of the relevance and necessity of digital technology for a variety of sectors and market activities. It concludes that to downside the risks of vanishing jobs, as well as to minimise the threats and maximise the opportunities of digitalisation in CEE countries, labour market partners need to consider an effective governance tool in terms of inclusive access to the digital environment, re-skilling, and balanced regulations of the more problematic facets of digital work. The book will be of interest to postgraduate researchers and academics in the fields of labour economics, regional economics, and macroeconomics. Additionally, due to the broader policy implications of the topic, the book will appeal to policymakers and experts interested in labour economics. The Introduction, Chapters 4 and 12 of this book are freely available as a downloadable Open Access PDF at http://www.taylorfrancis.com under a Creative Commons Attribution-Non Commercial-No Derivatives (CC-BY-NC-ND) 4.0 license.

Gathering an interdisciplinary range of cutting-edge scholars, this book addresses legal constitutions of value. Global value production and transnational value practices that rely on exploitation and extraction have left us with toxic commons and a damaged planet. Against this situation, the book examines law's fundamental role in institutions of value production and valuation. Utilising pathbreaking theoretical approaches, it problematizes mainstream efforts to redeem institutions of value production by recoupling them with progressive values. Aiming beyond radical critique, the book opens up the possibility of imagining and enacting new and different value practices. This wide-ranging and accessible book will appeal to international lawyers, socio-legal scholars, those working at the intersections of law and economy and others, in politics, economics, environmental studies and elsewhere, who are concerned with rethinking our current ideas of what has value, what does not, and whether and how value may be revalued.