Politics decides who gets what and how. At the most elemental level, food has, for most of our history, been intensely political: who gets to eat what, how often, and through what means of acquisition or entitlement? The scale of the polity in question has shifted over time, from very local divisions to that of the international community imagined in the Millennium Development Goals of the United Nations. Simultaneously, the numbers and factional interests of people asserting political stakes in food and agriculture have likewise shifted up and out. For example, Europeans have used a variety of policy and social-movement tactics to influence what Africans eat; American diplomats have applied pressure to delegitimize European political choices about what not to eat; and conflicts over safety regulations have muddied the line between agricultural protectionism and justifiable precaution in confronting novel foods. As an object of governmentality, food has never been so prominent. The thirty-five chapters in this handbook confront three major themes in the political regulation of food: ecology, technology and property. Following Ronald J. Herring's editorial introduction, the first section examines power struggles over knowledge and authority in food technology and production: who gets to be the voice of authority in agricultural research and scientific knowledge; who decides the best ways to alleviate hunger in poor countries; and who decides issues of food safety and nutritional standards. The second section addresses the political economy of food production: land power and production; distribution and trade; land reform; food entitlements and welfare policy; agricultural subsidies; and agribusiness. The third section looks at agriculture and the environment: ecological approaches to agricultural development; sustainable farming; biotechnology; climate change; livestock; and wild foods. The fourth section addresses food politics and global civil society: global food systems; cultural debates over genetically modified foods; food safety; food labeling; the politics of grocery shopping; regulation of biotechnology; and coexistence of GM, organic and conventional crops. The fifth and final section looks at food movements and the frontiers of food politics: global food movements; organic farming as a transnational phenomenon; the intersection of local and global food narratives; the agrifood industry in developing countries; the agricultural land rush; and agricultural futures.

It has been four years since the financial crisis of 2008, and the global financial system still is experiencing malaise caused by high rates of unemployment; a lingering, unresolved supply of foreclosed properties; the deepening European debt crisis; and fear of a recurrence of the bank turmoil that brought about the Great Recession. All of these factors have led to stagnant economic growth worldwide.

In "Rocky Times," editors Yasuyuki Fuchita, Richard J. Herring, and Robert E. Litan bring together experts from academia and the banking sector to analyze the difficult issues surrounding troubled large financial institutions in an environment of economic uncertainty and growing public anger. Continuing the format of the previous Brookings- Nomura collaborations, Rocky Times focuses largely on developments within the United States and Japan but looks at those in other nations as well.

This volume examines two broad areas: the Japanese approach to regulating financial institutions and promoting financial stability and the U.S. approach in light of the Dodd-Frank Act. Specific chapters include "Managing Systemwide Financial Crises: Some Lessons from Japan since 1990," "The Bankruptcy of Bankruptcy," "The Case for Regulating the Shadow Banking System," "Why and How to Design a Contingent Convertible Debt Requirement," and "Governance Issues for Macroprudential Policy in Advanced Economies."

Contributors: Gavin Bingham (Systemic Policy Partnership, London), Charles W. Calomiris (Columbia Business School), Douglas J. Elliott (Brookings Institution), Kei Kodachi (Nomura Institute of Capital Markets Research), Morgan Ricks (Vanderbilt Law School).

While the immediate dangers from the recent financial crisis have abated --much of the financial system has returned to profitability and the economy is growing, albeit slowly --the damage to the economy will linger for years. Among the many impacts is the problem that may be most acute in the United States: how state and local governments and private companies will honor their obligations under defined benefit (DB) pension plans. Institutional investors also confront new difficulties in the low-interest-rate environment that has prevailed since the onset of the crisis. East Asian economies, namely in Japan, Korea, and China, also face pension issues as their populations age.

In "Growing Old," experts from academia and the private sector consider the hard questions regarding the future of pension plans and institutional money management, both in the United States and in Asia. This volume is the latest collaboration between the Brookings Institution and the Nomura Institute of Capital Markets Research on issues confronting the financial sector of common interest to audiences in the United States and Japan.

Contributors: Olivia S. Mitchell (Wharton School, University of Pennsylvania), Akiko Nomura (Nomura Institute of Capital Markets Research), Robert Novy-Marx (Simon Graduate School of Business, University of Rochester), Betsy Palmer (MFS Investment Management), Robert Pozen (Harvard Business School), Joshua Rauh (Kellogg School of Management, Northwestern University), Natalie Shapiro (MFS Investment Management)

"As the global economy continues to weather the effects of the recession brought on by the financial crisis of 2007-08, perhaps no sector has been more affected and more under pressure to change than the industry that was the focus of that crisis: financial services. But as policymakers, financial experts, lobbyists, and others seek to rebuild this industry, certain questions loom large. For example, should the pay of financial institution executives be regulated to control risk taking? That possibility certainly has been raised in official circles, with spirited reactions from all corners. How will stepped-up regulation affect key parts of the financial services industry? And what lies ahead for some of the key actors in both the United States and Japan? In After the Crash, noted economists Yasuyuki Fuchita, Richard Herring, and Robert Litan bring together a distinguished group of experts from academia and the private sector to take a hard look at how the financial industry and some of its practices are likely to change in the years ahead. Whether or not you agree with their conclusions, the authors of this volume-the most recent collaboration between Brookings, the Wharton School, and the Nomura Institute of Capital Markets Research-provide well-grounded insights that will be helpful to financial practitioners, analysts, and policymakers. "

There is little dispute that the mortgage meltdown of 2007, created by irresponsible lending and lax oversight, helped lead to the global financial crisis. Why were these securities backed by subprime debt so desirable to so many seemingly sophisticated investors? The answer lies in distorted incentives, opaque securitization structures and a willingness to believe that house prices would continue to rise indefinitely and the hope for super-normal returns. In "Prudent Lending Restored" experts from the United States, Europe, and Japan draw a timeline of key events along the road to our most recent recession. Providing an in-depth analysis of the causes of the subprime mortgage meltdown, they propose reforms, including a more simplified securitization process with emphasis on oversight to encourage more prudent lending. This timely volume --the collaboration between the Brookings Institution and the Nomura Institute of Capital Markets Research --argues that securitization can and should have a brighter future, and they lay out ways that will make that possible.

Contributors: Jennifer E. Bethel (Babson College), Robert E. Eisenbeis (Federal Reserve Bank of Atlanta), Allen Ferrell (Havard Law School), G?nter Franke (Konstanz University, Germany), Jack Guttentag (University of Pennsylvania), Gang Hu (Babson College), Tetsuya Kamiyama (Nomura Institute of Capital Markets Research, Tokyo), Kei Kodachi (NICMR), Jan P. Krahnen (Goethe University Frankfurt, Germany), Joseph R. Mason (Louisiana State University), Igor Roitburg (Default Mitigation Management LLC), and Eiichi Sekine (NICMR).

Class explains much in the differentiation of life chances and political dynamics in South Asia; scholarship from the region contributed much to class analysis. Yet class has lost its previous centrality as a way of understanding the world and how it changes. This outcome is puzzling; new configurations of global economic forces and policy have widened gaps between classes and across sectors and regions, altered people's relations to production, and produced new state-citizen relations. Does market triumphalism or increased salience of identity politics render class irrelevant? Has rapid growth in aggregate wealth obviated long-standing questions of inequality and poverty? Explanations for what happened to class vary, from intellectual fads to global transformations of interests. The authors ask what is lost in the move away from class, and what South Asian experiences tell us about the limits of class analysis. Empirical chapters examine formal and informal-sector labor, social movements against genetic engineering, and politics of the "new middle class." A unifying analytical concern is specifying conditions under which interests of those disadvantaged by class systems are immobilized, diffused, co-opted or autonomously recognized and acted upon politically: the problematic transition of classes in themselves to classes for themselves.

Genetic engineering is changing the terrain of development studies. Technologies with unprecedented potential - the capacity to move genes across species - have created widely politicized phenomena: 'Frankenfoods', 'GMOs', and 'The Terminator'. En masse, the public has reacted with equanimity or appreciation to genetically engineered pharmaceuticals, beginning with insulin, but transgenics in food and agriculture have raised a globally contentious politics. This book begins with the needs of the poor - for income, nutrition, environmental integrity - and evaluates the theory and evidence for contributions from transgenic crops. Social scientists with expertise in regional studies, economics, sociology, agriculture and political science join biologists to bring specialized knowledge on genuinely new questions created by the genomics revolution; questions of: ecological integrity biodiversity international trade the costs and effectiveness of biosafety protocols. The authors collectively conclude that predictions of disaster for the poor from transgenic technology are uninformed by empirical results, rest on misunderstandings of biotechnology or the poor or both, or get the science wrong. Yet the triumphalism of pro-transgenic forces, however, must be tempered by serious unanswered questions: much is unknown, but the transgenic genie is out of the bottle. In this much-needed book, an emergent empirical literature allows scholars in disciplines ranging from micro-biology to economics and political science to assess the potential effects of transgenic organisms on poverty through multiple dynamics of property, yields, prices, biodiversity, environmental integrity and nutrition. The Journal of Development Studies awards an annual prize in memory of the late Dudley Seers, for the best article to appear in each volume of the Journal. Transgenics and the Poor:Biotechnology in Development Studies" has been adjudged to be the winner of the Dudley Seers Memorial Prize for Volume 43.

Genetic engineering is changing the terrain of development studies. Technologies with unprecedented potential - the capacity to move genes across species - have created widely politicized phenomena: 'Frankenfoods', 'GMOs', and 'The Terminator'. En masse, the public has reacted with equanimity or appreciation to genetically engineered pharmaceuticals, beginning with insulin, but transgenics in food and agriculture have raised a globally contentious politics.

This book begins with the needs of the poor - for income, nutrition, environmental integrity - and evaluates the theory and evidence for contributions from transgenic crops. Social scientists with expertise in regional studies, economics, sociology, agriculture and political science join biologists to bring specialized knowledge on genuinely new questions created by the genomics revolution; questions of:

• ecological integrity
• biodiversity
• international trade
• the costs and effectiveness of biosafety protocols.

The authors collectively conclude that predictions of disaster for the poor from transgenic technology are uninformed by empirical results, rest on misunderstandings of biotechnology or the poor or both, or get the science wrong. Yet the triumphalism of pro-transgenic forces, however, must be tempered by serious unanswered questions: much is unknown, but the transgenic genie is out of the bottle.

In this much-needed book, an emergent empirical literature allows scholars in disciplines ranging from micro-biology to economics and political science to assess the potential effects of transgenic organisms on poverty through multiple dynamics of property, yields, prices, biodiversity, environmental integrity and nutrition.

Everyday Law for Children provides an accessible introduction to laws that affect children and families and the dominant public debates that surround and drive these laws. Using real-world examples, the book exposes the tension between reliance on the private, autonomous family and the public's desire to secure child well-being. A look at some public systems, such as child welfare and juvenile delinquency, shows that an initial public aspiration to assist children and families is often frustrated by a lack of resolve and resources. In other areas, such as education and healthcare, the public shrinks from a commitment to comprehensive child well-being. Everyday Law for Children makes a case for the improvement of public systems by focusing on pragmatic goals related to child well-being. More immediately, it makes a case for zealous advocates for children who can have a dramatic impact on children's everyday lives. Accordingly, the book provides an annotated list of resources and contact information for parents and for service providers who need help addressing specific problems within complex public systems.

Everyday Law for Children provides an accessible introduction to laws that affect children and families and the dominant public debates that surround and drive these laws. Using real-world examples, the book exposes the tension between reliance on the private, autonomous family and the public's desire to secure child well-being. A look at some public systems, such as child welfare and juvenile delinquency, shows that an initial public aspiration to assist children and families is often frustrated by a lack of resolve and resources. In other areas, such as education and healthcare, the public shrinks from a commitment to comprehensive child well-being. Everyday Law for Children makes a case for the improvement of public systems by focusing on pragmatic goals related to child well-being. More immediately, it makes a case for zealous advocates for children who can have a dramatic impact on children's everyday lives. Accordingly, the book provides an annotated list of resources and contact information for parents and for service providers who need help addressing specific problems within complex public systems.

Class explains much in the differentiation of life chances and political dynamics in South Asia; scholarship from the region contributed much to class analysis. Yet class has lost its previous centrality as a way of understanding the world and how it changes. This outcome is puzzling; new configurations of global economic forces and policy have widened gaps between classes and across sectors and regions, altered people's relations to production, and produced new state-citizen relations. Does market triumphalism or increased salience of identity politics render class irrelevant? Has rapid growth in aggregate wealth obviated long-standing questions of inequality and poverty? Explanations for what happened to class vary, from intellectual fads to global transformations of interests. The authors ask what is lost in the move away from class, and what South Asian experiences tell us about the limits of class analysis. Empirical chapters examine formal and informal-sector labor, social movements against genetic engineering, and politics of the "new middle class." A unifying analytical concern is specifying conditions under which interests of those disadvantaged by class systems are immobilized, diffused, coopted -- or autonomously recognized and acted upon politically: the problematic transition of classes in themselves to classes for themselves.

In this new volume, Dr. Gregory Fanelli, of the Geisinger Medical Center and a reknowned expert on knee injuries, provides orthopaedic surgeons with an unprecedented review of the most recent and advanced knowledge needed to successfully diagnosis and treat PCL injuries. This comprehensive and practical volume covers everything from biomechanics and anatomy, evaluation and non-operative treatment to the latest surgical treatments of PCL injuries using arthroscopy, grafts and synthetic ligament substitutes. In addition, contributions from such well-known specialists as Drs. M. Malek, Roger Larson and Fred Flandery make this an essential text for every orthopaedic surgeon.

Without light there would be no life in the sea. Since the seas were the cradle for the evolution of all life forms, the theme of this book is central to our understanding of the interaction between living organisms and their environments. To express the breadth of research in this area, leading experts in topics as diverse as satellite imagery and molecular biology have contributed to this collection of essays on light and life in the sea, first published in 1990. Intended for all with an interest in the marine environment, this book aims to present the reader with a sampler of the exciting research that is underway and to provide an introduction to its broad compass.

The financial crisis of 2007-08 and the Great Recession caused more widespread economic trauma than any event since the Great Depression. With a slow and uneven recovery, encouraging stability and growth is critical. Financial Restructuring to Sustain Recovery maintains that while each part of the financial services industry can play a useful role in revving up the U.S. economic engine to full capacity, the necessary reforms are sometimes subtle and often difficult to implement. Editors Martin Neil Baily, Richard Herring, and Yuta Seki and their coauthors break recovery down by three areas: Restructuring the housing finance market Reforming the bankruptcy process Reenergizing the market for initial public offerings Included are lessons drawn from Japan's experience in overcoming its long-lasting financial crisis after the collapse of its real estate market in the 1990s. Contributors: Franklin Allen (Wharton School, University of Pennsylvania, USA), James R. Barth (Auburn University College of Business; Milken Institute), Thomas Jackson (Simon School of Business, University of Rochester), Jay R. Ritter (Warrington College of Business, University of Florida, USA), David Skeel (University of Pennsylvania Law School, USA), and Glenn Yago (Milken Institute).

Without light there would be no life in the sea. Since the seas were the cradle for the evolution of all life forms, the theme of this book is central to our understanding of the interaction between living organisms and their environments. To express the breadth of research in this area, leading experts in topics as diverse as satellite imagery and molecular biology have contributed to this collection of essays on light and life in the sea, first published in 1990. Intended for all with an interest in the marine environment, this book aims to present the reader with a sampler of the exciting research that is underway and to provide an introduction to its broad compass.

Since the early 1970s exchange volatility has increased markedly. This increased volatility is a major concern not only for government policy makers but also corporations engaged in international activities, because their profitability may be sharply altered by unanticipated exchange rate movements. This situation has posed a challenge to academic researchers, but over the past decade considerable progress has been made in our ability to understand the causes of exchange rate fluctuations and their impact on economic foreign exchange risk and to assess investment opportunities generated by exchange rate fluctuations. This book is a collection of essays by academic experts from the fields of economics, finance, and accounting, and by several distinguished practitioners from international corporations and financial institutions. Together the essays present a broad, up-to-date survey of what we know about foreign exchange risk and how to cope with it.

The point of departure for this book is the fundamental assertion that managers of international enterprises must cope not only with the hazards that jeopardize the success of ordinary domestic transactions but also with additional perils that are uniquely international. Two of the most important of these are the risk of a breakdown in the rules and practices that govern international trade and investment flows, and country risk - the risk that a sovereign power will interfere with the repatriation of profits, interest payments, principal repayments, or the control of foreign assets. The issues addressed include the prospects for foreign exchange crises, trade wars, international banking crises, and oil shortages; the factors that generate economic, political, and social risk; organizational strategies for mitigating country risk; and the scope for insuring against international risks. The contributors include academic experts from the fields of economics and finance and distinguished practitioners from international corporations, financial institutions, and international agencies.

A clear understanding of what we know, don't know, and can't know should guide any reasonable approach to managing financial risk, yet the most widely used measure in finance today--Value at Risk, or VaR--reduces these risks to a single number, creating a false sense of security among risk managers, executives, and regulators. This book introduces a more realistic and holistic framework called "KuU"--the "K"nown, the "u"nknown, and the "U"nknowable--that enables one to conceptualize the different kinds of financial risks and design effective strategies for managing them. Bringing together contributions by leaders in finance and economics, this book pushes toward robustifying policies, portfolios, contracts, and organizations to a wide variety of "KuU" risks. Along the way, the strengths and "limitations" of "quantitative" risk management are revealed.

In addition to the editors, the contributors are Ashok Bardhan, Dan Borge, Charles N. Bralver, Riccardo Colacito, Robert H. Edelstein, Robert F. Engle, Charles A. E. Goodhart, Clive W. J. Granger, Paul R. Kleindorfer, Donald L. Kohn, Howard Kunreuther, Andrew Kuritzkes, Robert H. Litzenberger, Benoit B. Mandelbrot, David M. Modest, Alex Muermann, Mark V. Pauly, Til Schuermann, Kenneth E. Scott, Nassim Nicholas Taleb, and Richard J. Zeckhauser.Introduces a new risk-management paradigm Features contributions by leaders in finance and economics Demonstrates how "killer risks" are often more economic than statistical, and crucially linked to incentives Shows how to invest and design policies amid financial uncertainty

The story of two women forced by circumstance into the outlaw life. For Cordy, robbing banks and trains is the only way she knows how to survive. For Meg, a life of crime is the only resort to feed her family. Then Cordy awakens strange feelings within Meg, feelings she isn't equipped to deal with.

In recent years, the major industrialized nations have developed cooperative procedures for supervising banks, harmonized their standards for bank capital requirements, and initiated cooperative understanding about securities market supervision. This book assesses what further coordination and harmonization in financial regulation will be required in an era of increased globalization. A volume of Brookings' Integrating National Economies Series