Classical Political Economy addresses the question of what determines the social division of labour, the division of society into independent firms and industries and develops the theoretical implications of primitive accumulation. It also offers a significantly different interpretation of classical political economy, demonstrating that this school of thought supported the process of primitive accumulation. Classical political economy presents an imposing facade. For more than two centuries, the accepted doctrine dictates that a market generates forces that provide the most efficient method for organising production. This laissez faire approach is an ideology that gives capital absolute freedom of action, and yet called for intervention to coerce people to do things that they would not otherwise do. Classical political economy therefore encouraged policies that would hinder people's ability to produce for their own needs. Michael Perelman, however, in this innovative take on the subject, seeks to challenge the ideologies that would allow things to continue in this line unchecked.

The people of the Middle East face puzzling political realities as they enter the new millennium. Robust Western-style democracies have not yet emerged in the Middle East, yet at the same time, many Middle Eastern countries have experienced an important increase in political liberties in the last two decades. Economic Development and Political Reform addresses critical trends in the Middle Eastern political economy in the 1980s and 1990s and builds upon the cross-regional political science literature concerning political and economic reforms in the developing world. The book argues that external capital has had a decisive impact on economic and political development in the region. The author focuses mainly on Turkey, Morocco, Egypt and Kuwait and also considers important developments in other Middle Eastern countries. He demonstrates that Middle Eastern states lacking substantial exogenous revenues - including oil and foreign aid - have experienced severe fiscal crises and have been forced to pursue neo-liberal economic strategies. By contrast, those states with greater exogenous resources have undergone milder economic crises and developed more populist economic models. Providing new theoretical perspectives on Third World political and economic reform, this innovative volume will be of particular interest to political economists, international governmental and developmental organizations, international financial institutions and non-governmental organizations in this region.

This edited volume assesses from a variety of perspectives the policies introduced to support the development of household services across Europe. It highlights the impact of these costly policies on the creation of low quality jobs and on labour market dualisation, and questions their social and economic outcomes.

This book gives a systematic exposition of China's logistics development to the English-reading community. The ultimate goal of the book is to present a timely portrayal of China's logistics market growth and the evolution status of China's logistics industry. Being the fourth volume of the "Contemporary Logistics in China", the book strives to offer in-depth analysis on some hot issues and dilemmas amid the on going dynamic and multi-faceted development and also a source of reference for interested readers in academic and professional fields.

A survey of past financial crises, starting with the great banking collapses of the interwar period. The current turmoil has prompted a number of questions regarding both its origins and ways to avoid its repetition. The historical background and the evolving institutional framework of banking and financial systems are at the center of this book.

This book explores the concept of a map as a fundamental data type. It defines maps at three levels. The first is an abstract level, in which mathematic concepts are leveraged to precisely explain maps and operational semantics. The second is at a discrete level, in which graph theory is used to create a data model with the goal of implementation in computer systems. Finally, maps are examined at an implementation level, in which the authors discuss the implementation of a fundamental map data type in database systems. The map data type presented in this book creates new mechanisms for the storage, analysis, and computation of map data objects in any field that represents data in a map form. The authors develop a model that includes a map data type capable of representing thematic and geometric attributes in a single data object. The book provides a complete example of mathematically defining a data type, ensuring closure properties of those operations, and then translating that type into a state that is suited for implementation in a particular context. The book is designed for researchers and professionals working in geography or computer science in a range of fields including navigation, reasoning, robotics, geospatial analysis, data management, and information retrieval.

State Capacity in East Asia examines states and state capacity in four countries that have experienced rapid economic growth over several decades. The book argues that states still matter, although modern market forces and transnational corporations exert tremendous pressures. The capacity of the East Asian state to adapt and develop new institutions is empirically illustrated as well as theoretically contextualized.

The book examines the economic crisis in the European Union and its consequences for European integration and the member states. Discussing the provisions introduced by the Treaty of Lisbon, from the effects of macroeconomic monitoring to the restraints produced by the Fiscal Compact, it offers an analysis of the European Union's current situation and the effects of the measures adopted to manage the crisis, also making reference to how Europe is perceived by its citizens. Moreover, the chapters offer thoughts on the European integration process, in particular the effects that the policies adopted to tackle the crisis have had on the economic and financial sovereignty of the member states. This detailed examination of the situation of the EU between the Treaty of Lisbon and the Fiscal Compact is characterized by an original multidisciplinary approach that offers an articulate reflection on the criticalities that affect the actions of both European and national institutions.

Derivatives and Development engages recent efforts to deploy derivatives as tools for economic development. Even as these complex financial instruments are indicted for their role in the global food and financial crises, they are elsewhere hailed as innovative solutions to poverty and insecurity in rural Africa, Latin America, and Asia. The critical analysis undertaken here reveals that derivatives leave much to be desired as development tools. Breger Bush argues that derivatives markets work in the development context as engines of inequality and instability, aggravating poverty among those they are purported to help and highlighting some of the dangers of neoliberal globalization for the poor.

This text is about transformation in the framework of European integration. The Balkan countries have acquired particular importance since the 1990s due to their domestic destabilisation and have been looking for good examples and ideas to pursue development in ethnically complex and conflicting areas.

Bridging a gap between economic theory and observed reality, this book examines the most visible central banks, the move to monetary union in Europe, the IMF's new role, the rise of managed market economies, and the elevated importance of central banks. In central banking, attention has often turned to the management of liquidity crises and the attainment of economic stability. In the global economy, the respective market economies are more interconnected, and information regarding crises in one part of the industrialized world is rapidly communicated to other nations, giving the crises themselves a more immediate impact. The Asian debt and liquidity crises of 1997-98 were seen as having an impact on the United States, the European Union countries, and even China. In the effort to attain international stability, the information emanating from central banks at a policy level is crucial. This book aims to depict an ideal central bank for a globally connected country.

Two developments heighten the need for such an operations/policy-based ideal: the lessons learned from the European moves to monetary union and the establishment of the European Central Bank, and the increased awareness of banking problems in Asia during the 1997-98 debt and liquidity crises. This timely work will be of interest to economists, bank officials, government policy makers and political scientists.

Since 1949, Chinese capitalists have experienced some dramatic shifts in their political and economic life. Keming Yang examines what such changes tell us about China's current political situation and future political development, making use of both historical and current interdisciplinary evidence.

In a unique undertaking, Andrew Yuengert explores and describes the limits to the economic model ofthe humanbeing.He develops a careful accoun of human action and motivation known as a background account that is both non-mathematical and comprehensive. Approximating Prudence provides an alternative account of human choice, to which economic models can be compared.Yuengert emphasizes those aspects which are most likely to contrast with the economic account of choice: the nature of the ends of practical wisdom; the necessity to act in highly contingent environments; practical wisdom as virtue; the synthetic character of choice; and the unformulability of practical wisdom. He then presents a clear account of practical wisdom, emphasizing those aspects which resist mathematical modeling. Economists have attempted in the past to explain human choice based on the boundaries of practical wisdom, but this book will map the limits of those economic models.

This study explores a range of dynamics in state-society relations which are crucial to an understanding of the contemporary world: processes of state formation, collapse and restructuring, all strongly influenced by globalization in its various respects. The themes addressed include strategies of state construction, and trajectories of state decline, collapse and re-start, the politics of statelessness and the dynamics of identity and power. Particular attention is given to externally orchestrated state restructuring and to the varying capacities of state systems in the South to cope with the impact of global forces.

SUNDAY TIMES BUSINESS BOOK OF THE YEAR

an ECONOMIST Politics and Current Affairs book of the year

and a DAILY MAIL and TIMES book of the year

'You cannot understand power, wealth and poverty without knowing about Moneyland.' Simon Kuper, New Statesman

2019: democracy is eating itself, inequality is skyrocketing, the system is breaking apart. Why?

Because in 1962, some bankers in London had an idea that changed the world. That idea was called 'offshore'. It meant that, for the first time, thieves could dream big. They could take everything.

Join investigative journalist Oliver Bullough on a journey into the hidden world of the new global kleptocrats.

See the poor countries where public money is stolen and the rich ones where it is laundered and invested. Watch the crooks at work and at play, and meet their respectable, white-collar enablers. Learn how the new system works and begin to see how we can tackle it.

People's basic values are shaped by major changes in environmental conditions, such as scarcity of resources and hostility in the political and socioeconomic system. Based on the extensive research of the International Consortium for Management Studies, this work examines the values and perceptions of a variety of issues in eight countries with different socioeconomic and political systems. Cultural, family, and workplace values are among some of the critical issues discussed. A sequel to "Cross-Cultural Analysis of Values and Political Economy Issues" (Praeger, 1994), specialists in developmental, regional, and political economics will find this a timely contribution to understanding emerging developments in diverse cultures.

Whether a natural event turns into a disaster depends on the severity of the hazard as well as the condition of the social sphere of its potential victims, i.e., vulnerability. We focus on regional vulnerability considering the fact that regional socioeconomic conditions determine the aspects of the damage and thus the risk management policy. This book provides the theory and methodology to understand and cope with regional vulnerability through an interdisciplinary approach. The fields mainly included in this work are welfare and environmental economics, the planning and management area of civil engineering, and risk management. In particular, we focus on hazard and vulnerability surrounding water issues and provide readers with knowledge of how the regional analysis is incorporated into the vulnerability analysis. Also considered is what risk management should be when the diversified regional background of the vulnerability is taken into account. A feature of this book is that it provides contrastive regional coverage: the vulnerability of a developed country-urban and regional areas of Japan-and that of a developing country, Bangladesh. The contents consist of three parts: (1) Socioeconomic Vulnerability in a Regional Perspective, (2) Evaluation of Regional Vulnerability, and (3) Coping with Regional Vulnerability. This book is highly recommended to researchers who need an up-to-date and interdisciplinary approach to deal with risk management where regional vulnerability plays an important role.

The study deals with challenging questions of long-term future of global economy and the mankind. Focusing not only on what happens in the economic sphere but also on cultural, social, political, demographic, technological, and ecological processes. It employs a holistic approach to answer fundamental questions about the course of the future.

Oil revenue has been an economic curse for Iraq. In the second half of the 20th century the international oil sector shaped IraQ's economy, forcing it to rely too heavily on revenue brought in by oil production and exports. IraQ's failure to use copious oil rents to diversify the economy has proven disastrous for its people and economy. Its over-reliance on oil revenues coupled with the consequences of its war with Iran, the Gulf War, and the ensuing economic sanctions have led the country to economic destruction, sanctions, and enormous debt.

Iraq is a major oil producing country, a founding member of OPEC, and possesses the world's second highest amount of oil reserves. Yet few studies exist on IraQ's oil industry and its impact on the economic and political fortunes of the country. Alnasrawi remedies this by helping us understand this important Arab, Middle Eastern, oil-exporting country that has been a constant focus of U.S. foreign policy since 1990. Alnasrawi concludes that the availability of capital is an insufficient condition for economic development, and may in fact retard it, as it did in this now reviled and wrecked country.

New York Times Bestseller Renowned political scientist Ian Bremmer draws lessons from global challenges of the past 100 years-including the pandemic-to show how we can respond to three great crises unfolding over the next decade. In this revelatory, unnerving, and ultimately hopeful book, Bremmer details how domestic and international conflicts leave us unprepared for a trio of looming crises-global health emergencies, transformative climate change, and the AI revolution. Today, Americans cannot reach consensus on any significant political issue, and US and Chinese leaders behave as if they're locked in a new Cold War. We are squandering opportunities to meet the challenges that will soon confront us all. In coming years, humanity will face viruses deadlier and more infectious than Covid. Intensifying climate change will put tens of millions of refugees in flight and require us to reimagine how we live our daily lives. Most dangerous of all, new technologies will reshape the geopolitical order, disrupting our livelihoods and destabilizing our societies faster than we can grasp and address their implications. The good news? Some farsighted political leaders, business decision-makers, and individual citizens are already collaborating to tackle all these crises. The question that should keep us awake is whether they will work well and quickly enough to limit the fallout-and, most importantly, whether we can use these crises to innovate our way toward a better world. Drawing on strategies both time-honored and cutting-edge, from the Marshall Plan to the Green New Deal, The Power of Crisis provides a roadmap for surviving-even thriving in-the 21st century. Bremmer shows governments, corporations, and every concerned citizen how we can use these coming crises to create the worldwide prosperity and opportunity that 20th-century globalism promised but failed to deliver.

Based on the empirical analysis of the effectiveness of four provincial centres for the diffusion of the Clean Development Mechanism (CDM), a market mechanism for emission reductions, Miriam Schroeder scrutinizes the strengths and weaknesses of hybrid actors' performance on the local Chinese carbon market.

Subversive thought is none other than the cunning of reason when confronted with a social reality in which the poor and miserable are required to sustain the illusion of fictitious wealth. Yet, this subsidy is absolutely necessary in existing society, to prevent its implosion. The critique of political economy is a thoroughly subversive business. It rejects the appearance of economic reality as a natural thing, argues that economy has not independent existence, expounds economy as political economy, and rejects as conformist rebellion those anti-capitalist perspectives that derive their rationality from the existing conceptuality of society. Subversion focuses on human conditions. Its critical subject is society unaware of itself. This book develops Marx's critique of political economy as negative theory of society. It does not conform to the patterns of the world and demands that society rids itself of all the muck of ages and founds itself anew.

The selected papers in this volume were prepared under the research project on "EU Eastern Neighborhood: Economic Potential and Future Development (ENEPO)" funded by the EU Sixth Framework Program. They discuss the broad spectrum of development issues in the EU Eastern Neighborhood and economic relations between the enlarged EU and its Eastern neighbors in the former USSR. Individual chapters address areas of economic and social development, trade, energy, investment, migration, costs and benefits of economic reforms, development assistance and political economy of policy reforms. In particular, they examine interrelations and mutual synergies between trade liberalization, inflow of foreign investment, economic and institutional reforms and a reduction of income and development disparities. The publication thus closes an important knowledge gap in respect to the economic, social and institutional development of the CIS region and its economic relations with the EU.

This book focuses on the role of economic and political institutions in economic development. The book offers fresh perspectives on the issues facing less-developed countries and the elements influencing their outcomes. The text includes chapters on democracy, property rights, and economic freedom, and uses diverse methodology such as case studies, spacial econometrics, and cross-country analysis. The volume features the work of prominent scholars in the area of institutional analysis such as Mohammed Akacem, Christopher Coyne, and Andrew Young as well as a number of junior scholars. This book will be useful for researchers and students interested in economic development and institutional analysis in general, in addition to individuals with a specific focus on countries or regions such as Iraq or sub-Saharan Africa.