The past 30 years are often depicted as an era of globalisation, and even more so with the recent rise of global giants such as Google and Amazon. This updated and revised edition of The Handbook of Globalisation offers novel insights into the rapid changes our world is facing, and how best we can handle them. With multi-disciplinary contributions from leading experts, this Handbook covers a broad spectrum of issues and opportunities surrounding modern globalisation. It explores the idea that globalisation is not new, natural or inevitable, but rather that current global arrangements are the result of corporate pressure and the choices of politicians. It highlights the fact that the deregulated, free market form of globalisation is not unavoidable and explores a new era of global co-operation based around a Green New Deal. It also considers the future of globalisation in the face of the Trump presidency, Brexit and the move towards more state-centred policies. This Handbook continues to be a vital resource for scholars, students and researchers of economics, international relations, and business and management who wish to gain a more in-depth understanding of globalisation from a variety of different disciplines. Politicians and policy makers will also benefit from the advice offered to avoid some of the increasingly negative impacts of our globalising world. Contributors include: P. Arestis, E. Braunstein, P. Brosnan, H.-J. Chang, C. Craypo, G. DeMartino, G. Dymski, G. Epstein, A. Glyn, J. Heintz, C. Hines, P. Hirst, G.M. Hodgson, J. Howells, G. Ietto-Gillies, M. Koenig-Archibugi, S. Lee, P. Lysandrou, J. Michie, J.G. Palma, M. Panic, J. Perraton, J. Plasmans, M. Sawyer, S. Sinclair, A. Singh, J. Stanford, B. Sutcliffe, G. Thompson, J. Toye, F. Wilkinson, R. Woodward, A. Zammit

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. Globalisation impacts almost all aspects of life. It is often said that change is accelerating, and that the nation state is increasingly anachronistic. This book challenges that consensus, arguing that globalisation is neither an historic nor technological inevitability; rather, globalisation and technological change are as old as capitalism itself. Jonathan Michie makes the case for a new, more realistic approach to economics. He argues that the reduced power of national governments is a result of the free-market reforms of globalisation created in the 1980s era of Thatcher and Reagan, which led to the 2008 global financial crisis and recession. The free-market 'capitalism unleashed' form of globalisation is neither inevitable nor desirable - it is possible to develop a new global green deal for economic progress, being socially and environmentally sustainable. Michie demonstrates that capital has become unproductive with increased speculation and tax evasion, and that taxing wealth is necessary to create a new era of globally sustainable development. Key features include: in-depth coverage of globalisation written in a concise and accessible style disputes the consensus that globalisation is an historic or technological inevitability focus on current issues such as unproductive capital, a result of increased speculation, tax evasion and avoidance advocates policy proposals for global regulation, taxation and corporate diversity argues the need for a new global green deal for social and environmental sustainability and makes a clear case for an improved and more realistic approach to economics. The Advanced Introduction to Globalisation will be a challenging yet engaging read for policy makers, academics and advanced students of economics, management and business, politics and environmental studies. This book sets out an alternative worldview which will interest anyone concerned with our future global prospects.

The Economics of Restructuring and Intervention carries forward the work of Marx, Kalecki, Keynes and Kaldor in analysing questions of growth, distribution and government intervention. It will be essential reading for all those wishing to understand the massive economic and political shifts as we enter the 1990s - the globalization of markets and production, continued growth of the Third World and East European debt, the emerging digital economy. Political debates thrown up by these economic, industrial and technological developments are subject to rigorous scrutiny and critique - from the employment effects of wage cuts to the calls for 'supply side socialism'.

Apartheid South Africa was often thought to run in the interests of the business elite. Yet 27 years after apartheid, those business interests remain largely entrenched. Why? Did the South African business community play a role in engineering this outcome – perhaps recognising the apartheid era was over, and jumping ship in time? Conversely, the mission of the ANC was widely perceived to be to shift wealth and power into the hands of the whole community. Yet despite ‘black empowerment’ measures, corporate ownership remains largely in white hands – and certainly in the hands of an elite few, even though no longer restricted to whites. This picture is replicated across the global south, where corporate ownership tends to be concentrated in the hands of an elite, rather than being more democratically spread. Why have alternative corporate forms not been pursued more vigorously, with ownership in the hands of customers, employees, and local communities? In the case of South Africa, where the majority of customers and employees are black, this could have delivered on the ANC’s mission to replace the apartheid era with a democratic one – in terms of wealth, incomes and power, as well as in terms of voting and civic rights. This edited volume explores all these questions and looks at ways to align corporate forms with economic and social goals. The chapters in this book were originally published as special issues of International Review of Applied Economics.

Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. Globalisation impacts almost all aspects of life. It is often said that change is accelerating, and that the nation state is increasingly anachronistic. This book challenges that consensus, arguing that globalisation is neither an historic nor technological inevitability; rather, globalisation and technological change are as old as capitalism itself. Jonathan Michie makes the case for a new, more realistic approach to economics. He argues that the reduced power of national governments is a result of the free-market reforms of globalisation created in the 1980s era of Thatcher and Reagan, which led to the 2008 global financial crisis and recession. The free-market 'capitalism unleashed' form of globalisation is neither inevitable nor desirable - it is possible to develop a new global green deal for economic progress, being socially and environmentally sustainable. Michie demonstrates that capital has become unproductive with increased speculation and tax evasion, and that taxing wealth is necessary to create a new era of globally sustainable development. Key features include: in-depth coverage of globalisation written in a concise and accessible style disputes the consensus that globalisation is an historic or technological inevitability focus on current issues such as unproductive capital, a result of increased speculation, tax evasion and avoidance advocates policy proposals for global regulation, taxation and corporate diversity argues the need for a new global green deal for social and environmental sustainability and makes a clear case for an improved and more realistic approach to economics. The Advanced Introduction to Globalisation will be a challenging yet engaging read for policy makers, academics and advanced students of economics, management and business, politics and environmental studies. This book sets out an alternative worldview which will interest anyone concerned with our future global prospects.

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. .

There could hardly be a more appropriate time in world history to be revisiting the issues of globalisation and democracy. After almost two centuries of what might be regarded as globalisation in the current usage of the term, has fallen into disrepute. Voters have used the ballot box to reject both the concept of globalisation and the mainstream parties that promoted it. The UK voted to leave the EU, in the 2016 'Brexit' referendum, and the US elected Donald Trump as President. This three-volume collection brings together the key writings on globalisation and democracy exploring the progression of globalisation as well as themes such as employment, international trade, technology and the environment amongst other important issues. This collection provides both scholarly and lay readers an opportunity to analyze how globalisation has impacted the world we live in today.

This examination of changes taking place in the world of football focuses on its growing commercialization. It covers such topics as fans being becoming shareholders, with a say in the running of the clubs, and the setting-up of a government-sponsored scheme to support shareholder trusts.

This comprehensive book brings together research published during 2021 analysing the impact of the Covid-19 pandemic on the economy - on output and employment, on inequality, and on public policy responses. The Covid-19 pandemic has been the greatest public health crisis for a century - since the 'Spanish Flu' pandemic of 1919. The economic impact has been equally seismic. While it is too early to measure the full economic cost - since much of this will continue to accumulate for some time to come - it will certainly be one of the greatest global economic shocks of the past century. Some chapters in this edited volume report on specific countries, while some take a comparative look between countries, and others analyse the impact upon the global economy. Even before the Covid-19 pandemic, there had been calls for a 'great reset' in face of the climate crisis, the increased income and wealth inequality, and the need to avoid further global financial crisis. With the devastating Covid-19 pandemic - a harbinger for further such pandemics - there is an even greater need for a reset, and for the reset to be that much greater. The chapters in this book were originally published as special issues in the journal International Review of Applied Economics.

The past 30 years are often depicted as an era of globalisation, and even more so with the recent rise of global giants such as Google and Amazon. This updated and revised edition of The Handbook of Globalisation offers novel insights into the rapid changes our world is facing, and how best we can handle them. With multi-disciplinary contributions from leading experts, this Handbook covers a broad spectrum of issues and opportunities surrounding modern globalisation. It explores the idea that globalisation is not new, natural or inevitable, but rather that current global arrangements are the result of corporate pressure and the choices of politicians. It highlights the fact that the deregulated, free market form of globalisation is not unavoidable and explores a new era of global co-operation based around a Green New Deal. It also considers the future of globalisation in the face of the Trump presidency, Brexit and the move towards more state-centred policies. This Handbook continues to be a vital resource for scholars, students and researchers of economics, international relations, and business and management who wish to gain a more in-depth understanding of globalisation from a variety of different disciplines. Politicians and policy makers will also benefit from the advice offered to avoid some of the increasingly negative impacts of our globalising world. Contributors include: P. Arestis, E. Braunstein, P. Brosnan, H.-J. Chang, C. Craypo, G. DeMartino, G. Dymski, G. Epstein, A. Glyn, J. Heintz, C. Hines, P. Hirst, G.M. Hodgson, J. Howells, G. Ietto-Gillies, M. Koenig-Archibugi, S. Lee, P. Lysandrou, J. Michie, J.G. Palma, M. Panic, J. Perraton, J. Plasmans, M. Sawyer, S. Sinclair, A. Singh, J. Stanford, B. Sutcliffe, G. Thompson, J. Toye, F. Wilkinson, R. Woodward, A. Zammit

The four decades of neoliberalism, globalisation and financialisation have produced crises - financial and pandemic - and rising inequality. The climate emergency threatens the future of the planet. This book explores many dimensions of the background to these crises. There is the development of policy agendas to address the climate emergency. The rise in inequality is studied in terms of impacts of financialisation and the relationships between growth and inequality. The record of the neoliberal experiment in the USA is critically examined. The roles of financial institutions including public banks and micro-finance are explored, as is the need for improved financial oversight in the Economic and Monetary Union. The growth of global value chains has been a major aspect of globalisation, and the question is examined of whether such chains provide a ladder for development. Globalisation has also featured trade imbalances and large capital flows, and their causes and effects are examined with respect to China and South Africa respectively. This volume will be of great value to students, scholars and professionals interested in political economy, economic thought, climate change, sustainability and business studies. The chapters in this book were originally published as a special issue of the journal, International Review of Applied Economics.

In recent years we have seen the predictions of our forebears that leisure time would increase as the years pass utterly confounded. It is a fact of life that in major cities across the world, transport systems are full to bursting with people on their way to and from work. As people have come to accept longer working hours as a way of life, a number of new issues have come into play.
These include labour market regulation, contract work and outsourcing, wages and increased attempts at better organisation. The impressive array of expert contributors, including Mark Harvey, Jane Humphries and Frank Wilkinson, have compiled a comprehensive and interesting book.

This examination of changes taking place in the world of football focuses on its growing commercialization. It covers such topics as fans becoming shareholders, with a say in the running of the clubs, and the setting-up of a government-sponsored scheme to support shareholder trusts.

The Political Economy of Competitiveness offers an original perspective on the relationship between economic theory and policy. It places the issues within an accessible political economy perspective.
Rejecting the narrowness of mainstream economics the authors deploy an interdisciplinary approach to the problem of economic growth, placing it in its historical and political context. Issues covered include:
* trade theory and policy
* industrial decline and policy
* markets, competition and innovation
* globalisation, unemployment and government policy.
The book provides a valuable guide to the major economic policy issues for both economists and business students.

The 25 years leading up to the international financial crisis have been depicted as 'capitalism unleashed', containing deregulation, privatisation, demutualisation and financialisation. Yet remarkably, given this economic and political context, co-operatives and mutuals appear to have been gaining ground in many countries, albeit modestly, even before the international financial crisis and the resulting global recession, from which the global economy is still only slowly recovering. The 2007-2008 international financial crisis called into question how appropriate the shareholder-owned model is, certainly if it is allowed to dominate the financial services sector. However the International Co-operative Alliance is determined to make the mutual and co-operative sector of the economy a dynamic, sustainable and increasingly important sector of the global economy. This book looks at the contribution of co-operative, mutual and employee-owned firms to the Asia Pacific economy - both currently and prospectively - and the challenges the standard 'Western' model faces regarding employment and output. It also looks at the role of Governments, the nature of co-operatives in China and the role of the state, and the future prospects for cross-border growth of co-operative and mutual business within Asia Pacific, and more widely. This book was originally published as a Special Issue of Asia Pacific Business Review.

After more than twenty years of orthodox economic policy in Europe the scourge of unemployment remains. This impressive book goes beyond the neoclassical theory of employment and develops sound policy guidelines to tackle the global problem of unemployment.Employment, Technology and Economic Needs provides the latest thinking on issues of employment, unemployment and economic policy. The book is explicitly interdisciplinary in scope and international in coverage, including European and US country case studies. Its authors include economists, management scientists, sociologists and economic geographers. Together they provide the most comprehensive analysis to date of the problems of unemployment and poor economic performance from a broadly institutional and evolutionary perspective. The book reports the latest academic research, whilst clearly documenting the implications for public policy. The authors discuss the effectiveness of policy prescriptions such as negative income taxes, the International Labour Organization agenda, a fiscal system based on eco-taxation, a reduction of working time, and developing a 'corporatist' system as a means to develop employment opportunities. Written in an accessible style, this book will be vital reading for all those interested in the fields of employment, technology, and macroeconomic and industrial policy. It will also be of interest to anyone concerned with economic policy issues and human welfare.

This volume examines the problems besetting the world economy in the era of globalization and outlines possible solutions. The contributors reject the current orthodoxy in mainstream economics, challenging the fatalistic belief that the new globalized economy resists any change of course. The contributors demonstrate how contemporary forms of instability, from speculative capital movements to debt crises, can be offset by a more effective global financial regime. Issues covered include: international economic institutions and contemporary problems; the Asian crises of 1997-8 and their implications; and the economic consequences of globalization. "Global Instability" collects the reflections of leading economic thinkers, including Philip Arestis, Gerald Epstein, Ilene Grabel, Malcolm Sawyer, Ajit Singh and John Smithin.

Technology and innovation are fundamental to economic success and the struggle for markets in an increasingly competitive world. This book draws together the latest research in the fields of technology, innovation and competitiveness from some of the world's leading academics.International in its approach, this book considers a wide range of topics including the globalization of research and technology and the effect of this on the product cycle, financial domination in the global economy and its consequences for structural competitiveness. It also examines the impact of the pooling of technology and science in Europe on the environment for new entrepreneurial initiatives. Special emphasis is placed on the policy implications of recent developments in technology, industry and the economy. Technology, Innovation and Competitiveness will be of interest to policy analysts as well as academics and students of economics, management and business studies.

Apartheid South Africa was often thought to run in the interests of the business elite. Yet 27 years after apartheid, those business interests remain largely entrenched. Why? Did the South African business community play a role in engineering this outcome - perhaps recognising the apartheid era was over, and jumping ship in time? Conversely, the mission of the ANC was widely perceived to be to shift wealth and power into the hands of the whole community. Yet despite 'black empowerment' measures, corporate ownership remains largely in white hands - and certainly in the hands of an elite few, even though no longer restricted to whites. This picture is replicated across the global south, where corporate ownership tends to be concentrated in the hands of an elite, rather than being more democratically spread. Why have alternative corporate forms not been pursued more vigorously, with ownership in the hands of customers, employees, and local communities? In the case of South Africa, where the majority of customers and employees are black, this could have delivered on the ANC's mission to replace the apartheid era with a democratic one - in terms of wealth, incomes and power, as well as in terms of voting and civic rights. This edited volume explores all these questions and looks at ways to align corporate forms with economic and social goals. The chapters in this book were originally published as special issues of International Review of Applied Economics.

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. .

Innovation Policy in a Global Economy concludes the successful sequence of books on Globalisation and Technology edited by Daniele Archibugi and Jonathan Michie, following Technology, Globalisation and Economic Performance (Cambridge University Press, 1997) and Trade, Growth and Technical Change (Cambridge University Press, 1998). This final volume argues that the opportunities offered by globalisation will only be fully realised by organisations which have developed institutions that allow for the transfer, absorption, and use of knowledge. Innovation Policy in a Global Economy is relevant for graduate and undergraduate courses in management and business, economics, geography, international political economy, and innovation and technology studies. Presenting original theoretical and empirical research by leading international experts in an accessible style, Innovation Policy will be vital reading for researchers and students and of use to public policy professionals.

New Trade theory, New Growth theory, and the developing literature on National Systems of Innovation have combined to produce an explosion of interest over the past two decades around issues of trade, growth and technical change. A similar focus has dominated public policy debates. This book examines the interconnections among technology, economic growth and international trade. Market forces alone are seen to be far from adequate for the efficient generation, transfer, and diffusion of innovation, while public policy is identified as playing a key role for a truly innovative economy.

This book brings together the leading academics in the fields of innovation and technology. It describes and analyzes current processes of technological globalization, the behavior of transnational corporations, and what governments can do to enhance their economy's innovative performance and competitive advantage. It reports the latest research and discusses in an accessible way the policy implications for government and others. The book contains newly-reported empirical work relating to Europe, North America, Japan and developing countries.

The 25 years leading up to the international financial crisis have been depicted as 'capitalism unleashed', containing deregulation, privatisation, demutualisation and financialisation. Yet remarkably, given this economic and political context, co-operatives and mutuals appear to have been gaining ground in many countries, albeit modestly, even before the international financial crisis and the resulting global recession, from which the global economy is still only slowly recovering. The 2007-2008 international financial crisis called into question how appropriate the shareholder-owned model is, certainly if it is allowed to dominate the financial services sector. However the International Co-operative Alliance is determined to make the mutual and co-operative sector of the economy a dynamic, sustainable and increasingly important sector of the global economy. This book looks at the contribution of co-operative, mutual and employee-owned firms to the Asia Pacific economy - both currently and prospectively - and the challenges the standard 'Western' model faces regarding employment and output. It also looks at the role of Governments, the nature of co-operatives in China and the role of the state, and the future prospects for cross-border growth of co-operative and mutual business within Asia Pacific, and more widely. This book was originally published as a Special Issue of Asia Pacific Business Review.

Innovation and globalization are changing the nature of economic life. This book argues that the transfer and use of knowledge requires the development of appropriate institutional infrastructures. The opportunities offered by globalization will only be fully realized by actively pursuing policies to enhance the absorption and development of knowledge. The book is relevant for courses in management and business, economics, geography, international political economy, and innovation and technology studies. It will be of interest to all concerned with public policy toward the economy.