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Books > Social sciences > Sociology, social studies > Social institutions
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The Paradox of Vulnerability - States, Nationalism, and the Financial Crisis (Hardcover)
Loot Price: R2,144
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The Paradox of Vulnerability - States, Nationalism, and the Financial Crisis (Hardcover)
Series: Princeton Studies in Global and Comparative Sociology
Expected to ship within 12 - 17 working days
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Why are small and culturally homogeneous nation-states in the
advanced capitalist world so prosperous? Examining how Denmark,
Ireland, and Switzerland managed the 2008 financial crisis, The
Paradox of Vulnerability shows that this is not an accident. John
Campbell and John Hall argue that a prolonged sense of
vulnerability within both the state and the nation encourages the
development of institutions that enable decision makers to act
together quickly in order to survive, especially during a crisis.
Blending insights from studies of comparative political economy and
nationalism and drawing on both extensive interviews and secondary
data, Campbell and Hall support their claim by focusing on the
three states historically and, more important, in their different
responses to the 2008 crisis. The authors also devote attention to
the difficulties faced by Greece and Iceland. The implications of
their argument are profound. First, they show that there is a
positive side to nationalism: social solidarity can enhance
national prosperity. Second, because globalization now requires all
states to become more adaptable, there are lessons here for other
states, large and small. Lastly, the formula for prosperity
presented here is under threat: highly homogeneous societies face
challenges in dealing with immigration, with some responding in
ways that threaten their success. The Paradox of Vulnerability
demonstrates how the size and culture of a nation contribute in
significant ways to its ability to handle political and economic
pressures and challenges.
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