dunnettreader + globalization   112

R. Esteves - The Political Economy of Global Financial Liberalisation in Historical Perspective (2011) Oxford Economic and Social Sciences WP
Abstract
This paper is a first attempt to garner the theory and evidence on the political economy of the first wave of financial liberalisation during the nineteenth and early twentieth century, and of its demise after World War I. Not everyone gained from the process of globalisation (of trade, labour, and finance), which brought about important changes in the structure of the economy and the distribution of income in nations across the world. This paper explores how the economic incentives generated by these dislocations translated, through the political system, into choices about openness to foreign capital and financial integration. The period before World War I is remarkable by the almost absence of restrictions on cross-border capital flows, which may explain the little attention it has received in the historical literature, compared to the extensive study of trade protectionism in this period. After the War, many countries experimented with capital controls which varied in nature and intensity and were intensified during the Depression. Despite the attempt made here to reconcile these stylized facts to models of political economy, the analysis requires a better empirical foundation and some suggestions for further research are also proposed. - Downloaded via iPhone to DBOX.
financial_regulation  economic_growth  pre-WWI  20thC  protectionism  downloaded  gold_standard  international_finance  financial_system  trade-policy  trade  19thC  capital_flows  capital_controls  globalization  deregulation  free_trade  paper  economic_history  financial_innovation  political_economy 
august 2016 by dunnettreader
Jean Tirole - Financial Crises, Liquidity, and the International Monetary System (eBook, Paperback 2016 and Hardcover 2002) - Princeton University Press
Written post Asia crisis but eternally applicable - he was focusing on capital flows when it still was heterodoxy -- Once upon a time, economists saw capital account liberalization--the free and unrestricted flow of capital in and out of countries--as unambiguously good. Good for debtor states, good for the world economy. No longer. Spectacular banking and currency crises in recent decades have shattered the consensus. In this remarkably clear and pithy volume, one of Europe's leading economists examines these crises, the reforms being undertaken to prevent them, and how global financial institutions might be restructured to this end. Jean Tirole first analyzes the current views on the crises and on the reform of the international financial architecture. Reform proposals often treat the symptoms rather than the fundamentals, he argues, and sometimes fail to reconcile the objectives of setting effective financing conditions while ensuring that a country "owns" its reform program. A proper identification of market failures is essential to reformulating the mission of an institution such as the IMF, he emphasizes. Next he adapts the basic principles of corporate governance, liquidity provision, and risk management of corporations to the particulars of country borrowing. Building on a "dual- and common-agency perspective," he revisits commonly advocated policies and considers how multilateral organizations can help debtor countries reap enhanced benefits while liberalizing their capital accounts.

Based on the Paolo Baffi Lecture the author delivered at the Bank of Italy, this refreshingly accessible book is teeming with rich insights that researchers, policymakers, and students at all levels will find indispensable. -- downloaded excerpt to Tab S2
books  kindle-available  downloaded  financial_system  financial_regulation  financial_crisis  banking  capital_adequacy  contagion  sovereign_debt  international_monetary_system  international_finance  international_political_economy  IMF  emerging_markets  globalization  global_governance  global_system 
august 2016 by dunnettreader
Kevin O'Rourke - The Davos Lie (April 2016) - Critical Quarterly - Wiley Online Library
Economists can tut-tut all they want about working-class people refusing to buy into the benefits of globalisation, but as social scientists we surely need to think about the predictable political consequences of economic policies. Too much globalisation, without domestic safety nets and other policies that can adequately protect globalisation's losers, will inevitably invite a political backlash. Indeed, it is already upon us. - downloaded to Tab S2
article  downloaded  international_political_economy  globalization  trade-theory  trade-policy  trade-compensation  inequality  outsourcing  working_class  development  development-impact  populism  political_economy  political_order  stability 
august 2016 by dunnettreader
Les usages de la peur dans la mondialisation: Entretien avec Zygmunt Bauman - Desaunay, Fœssel and Padis | JSTOR - Esprit 2005
Les usages de la peur dans la mondialisation: Entretien avec Zygmunt Bauman -- Zygmunt Bauman, Cécile Desaunay, Michaël Fœssel and Marc-Olivier Padis, Esprit, No. 316 (7) (Juillet 2005), pp. 71-98 -- Loin d'uniformiser la planète, la mondialisation provoque un morcellement des espaces et une montée de la peur. Comment, dans ces conditions, penser une mondialisation positive qui ne signifierait pas l'abandon de la politique sociale, pensée jusqu'ici dans le cadre de l'État-nation? -- downloaded pdf to Note
interview  jstor  political_economy  globalization  French_intellectuals  French_language  EU_governance  European_integration  global_governance  universalism  fragmentation  competition  status  hierarchy  inequality  inequality-global  nation-state  imagined_communities  welfare_state  neoliberalism  solidarity  social_theory  economic_sociology  economic_culture  social_order  social_democracy  downloaded 
march 2016 by dunnettreader
Sylvie Taussig - La pluralité des mondes au miroir de l'Europe et de la Chine : pluralisme politique et pluralisme religieux dans un monde globalisé (2014) - Cairn.info
Cet article porte sur les processus de sécularisation, et notamment sur l’avènement du pluralisme religieux et politique et sur le rapport entre monothéisme et pluralisme. Il redonne sa place à un moment souvent ignoré de cette histoire complexe : les échanges fructueux quoique aveugles, ressemblant souvent à un jeu de dupes à somme nulle, entre l’Europe – et particulièrement la France – et la Chine au xviie siècle. L’incompatibilité qui semble se découvrir, dans cette histoire en miroir, concerne le monothéisme et le pluralisme politique. Et, dans notre univers globalisé, il s’agit de gérer la multiplicité des cultures et des religions dans des entités nationales unitaires. - behind a 3-year rolling paywall -- she specializes in 17thC - may be of interest for the Querelle des rites
article  Jesuits  globalization  intellectual_history  pluralism  human_nature  religious_culture  religious_belief  monotheism  China  missionaries  17thC  religious_history  comparative_religion  multiculturalism  universalism  paywall 
february 2016 by dunnettreader
Michael Mann, review essay on 8 books on slavery and abolition, especially in South Asia and British Empire | H-Net Reviews - Jan 2016
Michael Mann. Review of Campbell, Gwyn; Elizabeth Elbourne, Sex, Power, and Slavery and Campbell, Gwyn; Stanziani, Alessandro, Bonded Labour and Debt in the Indian Ocean World and Harms, Robert; Freamon, Bernard K.; Blight, David W., Indian Ocean Slavery in the Age of Abolition and Major, Andrea, Slavery, Abolitionism and Empire in India, 1772-1843 and Miller, Joseph, The Problem of Slavery as History: A Global Approach and Mulligan, William; Bric, Maurice, A Global History of Anti-Slavery Politics in the Nineteenth Century and Retzlaff, Carolin, »Wont the law give me my freedom?«: Sklaverei vor Gericht (1750-1800). H-Soz-u-Kult, H-Net Reviews. January, 2016. -- downloaded pdf to Note
books  reviews  social_history  economic_history  political_history  18thC  19thC  slavery  Indian_Ocean  South_Asia  British_Empire  abolition  labor_history  globalization  transnational_elites  networks-exchange  networks-information  downloaded 
january 2016 by dunnettreader
Tim O'Reilly - The WTF Economy
We need a focused, high-level conversation about the deep ways in which computers and their ilk are transforming how we do business, how we work, and how we live. Just about everyone’s asking WTF? (“What the F***?” but also, more charitably “What’s the future?”) That’s why I’m launching a new event called Next:Economy (What’s The Future of Work?), to be held at the Palace Hotel in San Francisco Nov 12 and 13, 2015. My goal is to shed light on the transformation in the nature of work now being driven by algorithms, big data, robotics, and the on-demand economy.
politics-and-technology  careers  Tech/Culture  labor  global_economy  gig_economy  state-and-technology  Labor_markets  globalization  education-continuing  conference  tech-mobile_phones  Pocket  labor_standards  education-training  from pocket
august 2015 by dunnettreader
John Dunn, ed. - The Economic Limits to Modern Politics (1992) | Cambridge University Press
The central problem of modern government and political action is how to choose and implement effective economic policies. For this reason, the economic considerations of public policy have assumed a more prominent place in contemporary political thought. Despite efforts among political scientists, economists, and sociologists to fathom the complexities of this added dimension, none of these solid sciences offers a satisfying approach to the problem. This volume attempts to display the historical novelty and intellectual importance of this dilemma, to uncover its origins, and to procure a remedy through a clearer and steadier focus. The book's contributors range from historians of ideas to economic theorists, who bring the approach of their own intellectual discipline to bear upon the issue. **--** Introduction, John Dunn *-* 1. The economic limits to modern politics, John Dunn *-* 2. The wealth of one nation and the dynamics of international competition, Istvan Hont *-* 3. The political limits to pre-modern politics, J. G. A. Pocock *-* 4. The economic constraints on political programs, Frank H. Hahn *-* 5. International liberalism reconsidered, Robert O. Keohane *-* 6. Capitalism, socialism, and democracy: compatibilities and contradictions John Dunn. -- ebook Adobe Reader - not clear whether in kindle format -- excerpt (10 ogs Intro) downloaded pdf to Note
books  kindle-available  17thC  18thC  19thC  20thC  intellectual_history  economic_history  political_history  political_philosophy  political_economy  judgment-political  public_policy  capitalism  competition-interstate  economic_growth  development  raison-d'-état  British_history  British_politics  British_Empire  trade  trade-policy  Great_Divergence  economic_theory  political_culture  economic_culture  macroeconomic_policy  Innovation  innovation-government_policy  collective_action  property_rights  Labor_markets  redistribution  fiscal_policy  fiscal-military_state  Davenant  Smith  social_order  social_democracy  liberalism  elites-political_influence  IR_theory  globalization  international_political_economy  public_finance  public_goods  class_conflict  downloaded 
august 2015 by dunnettreader
Introduction - Online Seminar - Akeel Bilgrami, “Occidentalism, The Very Idea” | 3quarksdaily - September 2008
Table of contents: Akeel Bilgrami: Occidentalism, The Very Idea: An Essay on The Enlightenment and Enchantment. *--* Colin Jager: Literary Thinking: A Comment on Bilgrami *--* Bruce Robbins: Response to Akeel Bilgrami. *--* Justin E. H. Smith: A Comment on Akeel Bilgrami's "Occidentalism, The Very Idea" *--* Steven Levine: A Comment on Bilgrami. *--* Ram Manikkalingam: Culture follows politics: Avoiding the global divide between "Islam and the West" *--* Uday Mehta: Response to Akeel Bilgrami. *--* Akeel Bilgrami: A Reply to Robbins, Jager, Smith, Levine, Manikkalingam, and Mehta
-- downloaded pdf of full seminar to Note -- each contribution also had separate urls
political_philosophy  political_culture  democracy  orientalism  Orientalism-Enlightenment  Enlightenment  disenchantment  fundamentalism  Eurocentrism  red_states  US_politics  religious_culture  religion-fundamentalism  Islamist_fundamentalists  Islamophobia  GWOT  intelligentsia  bad_journalism  post-colonial  ideology  liberalism-post-WWII  clash_of_civilizations  neo-colonialism  capitalism  globalization  rationality  irrationalism  hegemony  cultural_pessimism  cultural_critique  cultural_exchange  cultural_transmission  downloaded 
august 2015 by dunnettreader
Norbert Lenoir, review - Catherine Colliot-Thélène, La Démocratie sans « Demos » ( 2011) | Books & ideas - July 2015
Reviewed : C. Colliot-Thélène, La Démocratie sans « Demos » [Democracy Without ‘Demos‘], PUF, 2011, 256 pages, 27 euros -- French version January 2012 -- translated by Michael C. Behrent -- Democracy is not the government of the people, by the people. Rather, it is a permanent process of conquering new rights. This is the argument of Catherine Colliot-Thélène’s book, which examines the tension, found throughout democracy’s history, between individual emancipation and political affiliation. -- downloaded pdf to Note
reviews  books  French_language  political_philosophy  democracy  civil_liberties  citizens  citizenship  authority  national_ID  identity-multiple  globalization  global_governance  political_culture  political_participation  downloaded 
july 2015 by dunnettreader
Charles Kenny - Aiming High - setting the new Sustainable Development Goals -- Finance & Development, June 2015, Vol. 52, No. 2
2015 marks the deadline for the MDGs... And while it might come as a surprise to those in Japan, Europe, or North America, the past 15 years may have been the period of greatest progress in humanity’s quality of life. Not least, the available data suggest that we have seen the fastest declines in global child mortality and absolute poverty in recorded history. As a result, we have far surpassed the first MDG—to halve the number of people worldwide living on less than $1.25 a day. 2015 is also the starting date for the SDGs to be agreed at the UN this fall. These goals outline a vision of progress to 2030 covering poverty, health, education, security, the environment, governance, gender equality, and much more. ..at Addis Ababa in July this year will try to finance that new agenda. ... at the UN Climate Change Conference in Paris in December, countries will pledge to cut greenhouse gas emissions, with the hope of setting us on a path away from catastrophic global warming. A strong agreement in Addis Ababa and progress toward the SDGs depend on advanced economies’ understanding that the issue is not altruism but naked self-interest. In 2002, when rich countries ... discussed global cooperation to meet the MDGs, these countries may have asked, “What can we do for them?” This time around the process can only be seen as “What can we do for each other?” Even though developing countries need global ties to make progress, at issue now is not persuading cash-strapped OECD finance ministers to be a little less skinflint but tackling a set of global problems that can be resolved only with the support of the developing world. -- in F&D issue downloaded as pdf to Note
article  sustainability  development  globalization  global_governance  global_system  climate  environment  trade  trade-policy  trade-agreements  global_value_chains  SDGs  poverty  aid  health  OECD_economies  public_finance  public_goods  cross-border  tax_collection  technical_assistance  technology_transfer  downloaded 
july 2015 by dunnettreader
VOX ebook -The Age of Global Value Chains: Maps and Policy Issues | VOX, CEPR’s Policy Portal -July 2015
João Amador, Filippo di Mauro -- Global value chains (GVCs) - referring to the cross-border flows of goods, investment, services, know-how and people associated with international production networks - have transformed the world. Their emergence has resulted in a complete reconfiguration of world trade, bearing a strong impact on the assessment of competitiveness and economic policy. The contributions to this eBook are based on research carried out within the scope of the Eurosystem Competitiveness Research Network (CompNet), bringing together participants from EU national central banks, universities and international organisations interested in competitiveness issues. The mapping of GVCs and full awareness about their implications are essential to informed public debate and improved economic policy.-- downloaded pdf to Note
books  global_economy  cross-border  globalization  supply_chains  global_value_chains  economic_sociology  trade-policy  competitiveness  competition-interstate  manufacturing  transport  transaction_costs  tax_policy  business_practices  business_processes  economic_policy  development  development-impact  labor_standards  Labor_markets  downloaded 
july 2015 by dunnettreader
Daniel McCarthy - Why Liberalism Means Empire | Lead essay / TAC Summer 2014
Outstanding case made for "consrrvative" realist IR position of off-shore balancing - not really "conservative" but he needs to give it that spin for his aufience buy-in -- takes on not just the militarists, neicons and librral intrrventionists but thr "non-liberal" sbtu-interventionists like Kennan and Buchanan - he leaves out the corrosive, anti-liberal democracy effects of globalized, financial capitalism that undermines the narrative of gradualist liberal democratization and achievements in OECD rconomies - as Zingales putscit "save capitalism from the capitalists" beeds to be included with the hegemon's responsibilities along with off-shore balancing - dimensions of power beyond military, which Dan does stress in his sketch of ehy Britain could meet the military challenges until WWI
Pocket  18thc  19thc  20thc  anti-imperialism  balance-of-power  british_empire  british_history  british_politics  civil_rights  cold_war  competition-interstate  cultural_transmission  democracy  empires  entre_deux_guerres  europe  foreign_policy  french_revolution  geopolitics  germany  global  governance  globalization  great_powers  hegemony  hong_kong  human_rights  ideology  imperialism  international_system  ir  ir-history  iraq  japan  liberalism  military-industrial  military_history  napoleon  napoleonic  wars  national_security  national_tale  nationslism  naval_history  neocons  neoliberalism  peace  pinboard  political_culture  politics-and-history  post-wwii  power  rule_of_law  social_science  trade  us  history  us_foreign_policy  us_military  us_politics  uses_of_history  warfare  world  wwi  wwii 
july 2015 by dunnettreader
Frankema, Jeffrey G. Williamson, Woltjer - An economic rationale for the African scramble | VOX, CEPR’s Policy Portal- 14 July 2015
Ewout Frankema, Jeffrey G. Williamson, Pieter Woltjer -- The partitioning of Africa by European imperial powers in the late 19th century irreversibly transformed the long-term development trajectories of African economies. Yet, the motives for, and timing of, the scramble remain poorly understood. This column argues that the changes in African international trade over the course of the 19th century created an economic rationale for the African scramble. This episode offers insights that are relevant for current African economic development. -- downloaded pdf to Note
paper  economic_history  Africa  African_trade  19thC  20thC  imperialism  British_Empire  French_Empire  Industrial_Revolution  raw_materials  natural_resources  globalization  Sub-Saharan_Afric  economic_growth  development  downloaded 
july 2015 by dunnettreader
Eurozine - Where is the power? - Wojciech Przybylski, Bartlomiej Sienkiewicz A conversation with Bartlomiej Sienkiewicz - July 2015
Original in Polish -- Translation by Aleksandra Malecka
First published in Res Publica, Nowa 30 (2015) -- In Europe all political thought is imperialist, says Bartlomiej Sienkiewicz. This means that politics as we know it today incorporates the experience of imperial politics from the sixteenth to the nineteenth century, when the foundations of what we call "the political" were forged. -- downloaded pdf to Note
geopolitics  Europe  Europe-Early_Modern  empires  state-building  nation-state  national_interest  EU  EU_governance  imperial-soft  Germany  Germany-Eurozone  Russia  Russian_foreign_policy  Poland  16thC  17thC  18thC  19thC  20thC  21stC  post-WWII  post-Cold_War  empire-and_business  globalization  sovereignty  hierarchy  authority  public_policy  policymaking  public_opinion  political_culture  downloaded 
july 2015 by dunnettreader
Jürgen Habermas - Re Wolfgang Streeck - Freedom and Democracy: Democracy or Capitalism? | Reset Dialogues on Civilizations - 1 July 2013
1st of a back-and-forth with Streeck and others -- Freedom and Democracy: Democracy or Capitalism? On the Abject Spectacle of a Capitalistic World Society fragmented along National Lines -- In his book on the deferred crisis of democratic capitalism Wolfgang Streeck develops an unsparing analysis of the origins of the present banking and debt crisis that is spilling over into the real economy. This bold, empirically based study developed out of Adorno Lectures at the Institute of Social Research in Frankfurt. At its best—that is, whenever it combines political passion with the eye-opening force of critical factual analysis and telling arguments—it is reminiscent of The Eighteenth Brumaire of Louis Napoleon. It takes as its starting point a justified critique of the crisis theory developed by Claus Offe and me in the early 1970s. The Keynesian optimism concerning governance prevalent at the time had inspired our assumption that the economic crisis potential mastered at the political level would be diverted into conflicting demands on an overstrained governmental apparatus and into “cultural contradictions of capitalism” (as Daniel Bell put it a couple of years later) and would find expression in a legitimation crisis. Today we are not (yet?) experiencing a legitimation crisis but we are witnessing a palpable economic crisis.
political_economy  political_philosophy  international_political_economy  capitalism-systemic_crisis  capital_as_power  finance_capital  financialization  Great_Recession  democracy  democracy_deficit  legitimacy  nationalism  financial_crisis  sovereign_debt  social_theory  globalization  global_governance  political_culture  economic_culture  stagnation  economic_sociology  Habermas  post-secular  Eurozone  European_integration  monetary_union  EU_governance  EU  Europe-federalism  downloaded 
july 2015 by dunnettreader
Arthur Goldhammer - The Old Continent Creaks | Democracy Journal: Summer 2015
not so long ago (the EU) was praised by some as a model of ingenious institutional innovation and cooperative transnational governance, while simultaneously denounced by others as an insidious instrument for subjecting ostensibly democratic states to the imperious dictates of capitalism in its latest “neoliberal” form? For 2 generations after World War II, memories of the devastating consequences of nationalism trumped economic rivalries, giving technocrats maneuvering room to devise continental strategies for economic growth that nevertheless enabled member states to maintain sufficient control over social policy to satisfy voter demands. For decades, this arrangement held.By the mid-1980s, however, enormous changes in the global economy forced the European Community to reinvent itself in order to remain competitive. The original balance between national sovereignty and technocratic government at the European level was altered, limiting the ability of member states to set their own economic policy. But today’s convergent crises raise the question of whether the European Union that replaced the European Community needs to reinvent itself yet again. And if so, is reinvention possible at a time when many Europeans, and especially those for whom World War II is a distant memory, feel that the EU is exacerbating nationalist enmities rather than calming them? -- downloaded pdf to Note
article  Europe  20thC  21stC  EU  EU_governance  technocracy  nation-state  nationalism  regional_blocs  sovereignty  democracy_deficit  political_participation  opposition  globalization  competition-interstate  Eurozone  economic_policy  fiscal_policy  monetary_policy  sovereign_debt  downloaded 
july 2015 by dunnettreader
Olaf Merk - The Impact of Mega-Ships | OECD Insights Blog - June 2015
Ports and Shipping, International Transport Forum (ITF) at the OECD. -- A new publication by the ITF assesses the impacts of these giant container ships. -- Our research casts serious doubts over whether this capacity can in fact be filled. We found a disconnect between what is going on in the boardrooms of shipping lines and the real world. -- There are also several supply chain costs and risks related to mega-ships. There are adaptations needed to infrastructure and equipment: ...cranes, quays, access channels... Mega-ships stay on average 20% longer in ports – ... this requires massive efforts to accommodate these longer-stay guests. The higher risks associated with mega-ships are linked to difficulties in insuring and salvaging ... (..)more cargo is concentrated on a single ship, leading to lower service frequencies and lower supply chain resilience (..) decision-making by ports and countries should be more balanced. Many public policies stimulate mega-ship use, but public benefits are limited whereas public costs can be high. This should change, first by aligning incentives to public interests. For example, not to have port tariffs that cross-subsidise mega-ships, to clarify state aid rules for ports, increase their financial transparency and possibly link state aid for shipping companies to commitments to share in certain costs (e.g. dredging). Another way would be to increase collaboration at regional level, between countries, ports and regulators. This might include coordination of port development and investment, possibly port mergers and more national or supra-national planning and focus. -- didn't download
report  OECD  global_economy  transport  maritime_issues  shipping  ports  infrastructure  supply_chains  risk_management  insurance  trade-policy  globalization  regional_blocs  regulation-harmonization  labor_standards 
july 2015 by dunnettreader
Updating the Policy Framework for Investment (PFI) - OECD
Investment policy reviews are conducted using OECD investment instruments and - since its adoption in 2006 - the Policy Framework for Investment. Using a process of peer examination, the OECD Investment Committee has published investment policy reviews since 1993. Priority countries for review are those showing potential for adherence to the OECD investment instruments. ‌Since the PFI was agreed in 2006, new forces have reshaped the global investment landscape, including the global economic and financial crisis, which started in 2008 and from which many economies have still not recovered, the emergence of new major outward investors within the G20, the spread of global value chains, and signs that pressures for investment protectionism are on the rise. Numerous lessons have also been learnt through the use of the PFI, particularly in developing and emerging economies. The PFI has been updated to reflect these new global economic fundamentals and was released in Paris on 3 June 2015 at the OECD Ministerial Council Meeting. 4/6/2015 - More than 25 countries have used the PFI when engaging in investment policy reviews. The experiences of these countries were used as an integral part of the multi-stakeholder update of the PFI which is now complete. -- pdf links for revised PFI and a "background to the uodate" -- downloaded pdf to Note on Action Taken using PFI guidance
report  OECD  OECD_economies  LDCs  emerging_markets  policymaking  public_policy  investment  investors  FDI  value-chains  supply-side  supply_chains  globalization  regulation-harmonization  trade-policy  financial_sector_development  capital_flows  international_political_economy  international_finance  international_organizations  downloaded 
july 2015 by dunnettreader
Charles A.E. Goodhart, Philipp Erfurth - Monetary policy and long-term trends | VOX, CEPR’s Policy Portal - 03 November 2014
There has been a long-term downward trend in labour’s share of national income, depressing both demand and inflation, and thus prompting ever more expansionary monetary policies. This column argues that, while understandable in a short-term business cycle context, this has exacerbated longer-term trends, increasing inequality and financial distortions. Perhaps the most fundamental problem has been over-reliance on debt finance. The authors propose policies to raise the share of equity finance in housing markets; such reforms could be extended to other sectors of the economy. -- downloaded page as pdf to Note
macroeconomics  global_economy  globalization  labor_share  Labor_markets  inequality-global  inequality  inequality-wealth  OECD_economies  wages  housing  mortgages  debt  debt-overhang  asset_prices  interest_rates  bubbles  real_estate  equity-corporate  equity_markets  central_banks  monetary_policy  financial_system  financial_crisis  LTV  downloaded 
may 2015 by dunnettreader
Toby Nangle - Labour power sets the neutral real rate | VOX, CEPR’s Policy Portal - 09 May 2015
The recent remarkably low interest rates have puzzled economists. The standard explanation rests on the extraordinary manoeuvres of the world’s largest central banks. This column argues, however, that it is due to economic developments, specifically globalisation and the collapse in labour power in the west. -- downloaded page as pdf to Note
macroeconomics  global_economy  globalization  labor_share  Labor_markets  inequality-global  inequality  OECD_economies  interest_rates  asset_prices  investment  capital  stagnation  central_banks  capital_markets  China-economy  off-shoring  downloaded 
may 2015 by dunnettreader
Martens, Rusconi and Leuze, eds. - New Arenas of Education Governance: The Impact of International Organizations and Markets on Educational Policy Making | Palgrave Macmillan - November 2007
Edited by Kerstin Martens, Alessandra Rusconi, Kathrin Leuze -- How and to what extent is education becoming a field of international and market governance? Traditionally, education policy making has been viewed as the responsibility of the nation state, falling within the realm of domestic politics. But recent years have witnessed the transformation of the state. Globalization has introduced new actors and led to the internationalization and marketization of education. This volume provides the most comprehensive and up-to-date account of these new arenas of education governance, examining the impact of international organizations and the role of the market in policymaking. It demonstrates how education policy is formulated at international levels and what the consequences for national policy making will be. -- excerpt = TOC, Introduction and index -- downloaded pdf to Note
books  public_policy  education  education-higher  education-training  education-privatization  education-finance  international_organizations  globalization  markets_in_everything  market_fundamentalism  privatization  public_goods  governance  global_governance  business-and-politics  business_influence  education-civic  values  accountability  Labor_markets  human_capital  competition  competition-interstate  development  distance_learning  IT  communication  nation-state  national_ID  knowledge_economy  OECD  World_Bank  WTO  trade-policy  trade-agreements  student_debt  democracy_deficit  political_participation  EU  EU_governance  standards-setting  testing  downloaded 
may 2015 by dunnettreader
RP Wolff - THE IDEOLOGY OF SPACE CONSCIOUSNESS CONCLUSION - May 2015
Extending Mannheim approach to thinking about different worldviews that organize thought, priorities, values and action - liberal universalism and global capitalism have a similar view of space, where boundaries of communities and especially of nation-states are ignored, porous or viewed as frictions to overcome
social_theory  world_systems  ideology  liberalism  international_system  globalization  liberal_internationalism  IR  historicism  modernity  capitalism  political_economy  political_culture  Mannheim  Instapaper  from instapaper
may 2015 by dunnettreader
RP Wolff - THE IDEOLOGY OF SPACE CONSCIOUSNESS PART TWO - May 2015
Extending Mannheim approach to thinking about different worldviews that organize thought, priorities, values and action - liberal universalism and global capitalism have a similar view of space, where boundaries of communities and especially of nation-states are ignored, porous or viewed as frictions to overcome
social_theory  world_systems  ideology  liberalism  international_system  globalization  liberal_internationalism  IR  historicism  modernity  capitalism  political_economy  political_culture  Mannheim  Instapaper  from instapaper
may 2015 by dunnettreader
RP Wolff - THE IDEOLOGY OF SPACE CONSCIOUSNESS PART ONE - May 2015
Extending Mannheim approach to thinking about different worldviews that organize thought, priorities, values and action - liberal universalism and global capitalism have a similar view of space, where boundaries of communities and especially of nation-states are ignored, porous or viewed as frictions to overcome
social_theory  world_systems  ideology  liberalism  international_system  globalization  liberal_internationalism  IR  historicism  modernity  capitalism  political_economy  political_culture  Mannheim  Instapaper  from instapaper
may 2015 by dunnettreader
Jonathan D. Ostry , Atish R. Ghosh , and Mahvash S. Qureshi - Managing Capital Flows in Frontier Economies | IMF Direct - April 2015
By Jonathan D. Ostry , Atish R. Ghosh , and Mahvash S. Qureshi  There has been a remarkable increase in financial flows to frontier economies from private… Enfin! Just 20+ years late. Nice roundup of various people (like Rodrik) thinking about all the variables, including what sorts of local institutional capacity (government and financial markets and institutions) are required for (1) absorbing different types of capital flows or (2) if a country wants to restrict flows in some fashion, to manage different types of restrictions. Additionally, there are challenges to the basic premise of encouraging capital flows to frontier markets -- these countries are more likely to be investment constrained than the unproven assumption that they're savings constrained. Macroeconomic impacts are also getting a closer look, not only the dilemmas of managing monetary policy and exchange rates -- e. g., FDI can be defeated if inflows raise the rate to reduce trade advantages. Since the biggest issuers from frontier markets tend to be the state, there's a big potential impact on sustainability of fiscal policy (to say nothing of corruption), and again the exchange rate impacts can be severe in both directions. The post is mainly an outline of an ambitious, multidimensional research program that's emerging among development economists, financial economists, macroeconomics in both the OECD countries and think tanks in emerging markets and the IFIs. -- finally the discussion has moved off the obsession with flight capital that took root in the 1980s and was the trump played anytime anyone questioned the happy-happy conventional wisdom of capital liberalization promoters.
economic_theory  macroeconomics  capital_flows  FDI  IFIs  IMF  capital_controls  fiscal_policy  monetary_policy  FX  FX-misalignment  neoliberalism  globalization  emerging_markets  frontier_markets  competitiveness  technology_transfer  infrastructure  development  financial_system  financial_regulation  financial_sector_development  financial_stability  banking  interest_rates  institutional_investors  institutional_capacity  institution-building  central_banks  governance  bibliography  Instapaper  from instapaper
may 2015 by dunnettreader
Martin Albrow, review essay - Who Rules the Global Rule Makers? - Books & ideas - 3 November 2011
Reviewed: Tim Bütheand Walter Mattli, The New Global Rulers: The Privatization of Regulation in the World Economy, Princeton University Press, Princeton, New Jersey, 2011; and Vibert, Frank, Democracy and Dissent: The Challenge of International Rule Making, Edward Elgar, Cheltenham, UK, 2011. -- Tags : democracy | globalisation | European Union | governance | United States of America -- Thirty years of misguided deregulation have brought us the 2008 collapse. Two books look at how we should create new rules democratically. While adopting widely different perspectives, both beg the same question: can rulemaking alone ensure the wellbeing of people in a global society? -- saved to Instapaper
books  reviews  21stC  globalization  global_governance  privatization  MNCs  IFIs  regulation  regulation-harmonization  regulation-enforcement  deregulation  capitalism-systemic_crisis  capital_flows  capital_markets  sovereignty  capitalism  democracy  democracy_deficit  political_participation  US_foreign_policy  US_economy  US_politics  market_fundamentalism  markets_in_everything  markets-failure  plutocracy  Instapaper 
april 2015 by dunnettreader
Lucie Campos interview with Gisèle Sapiro - Geopolitics of Translation in Social Sciences and Humanities - Books & ideas - March 2015 (French original 2014)
Translated by Lucy Garnier -- Tags : translation | publishing | Bourdieu -- As publishing markets become increasingly international, sociology looks at the translation of work in the social sciences and humanities. Gisèle Sapiro shows the effects that the crossover between the academic and publishing spheres has on translation practices. -- Gisèle Sapiro is Director of the European Centre for Sociology and Political Science. She edited the collective volumes Pierre Bourdieu, sociologue (Fayard: 2004) and Pour une histoire des sciences sociales (Fayard: 2004) and has written several books of reference on the sociology of knowledge production, the intellectual field, and the international circulation of ideas, including Translatio. Le marché de la traduction en France à l’heure de la mondialisation (CNRS: 2008), Les Contradictions de la globalisation éditoriale (Nouveau Monde: 2009), and L’Espace intellectuel en Europe, XIXe-XXIe siècles: de la formation des États-nations à la mondialisation (La Découverte: 2009). The author and her research team have published a series of reports on literary exchange in the era of globalisation. After Traduire la littérature et les sciences humaines and Paris-New York the latest of these accounts, "Les Sciences humaines et sociales françaises en traduction" published online in July 2014, presents some of the directions taken by the European project she is coordinating on international cooperation in the social sciences and humanities. -' saved in Instapaper
19thC  20thC  21stC  Republic_of_Letters  intellectual_history  translation  social_theory  sociology_of_knowledge  networks  networks-information  intelligentsia  literary_theory  cultural_influence  cultural_exchange  language-national  humanities  publishing  academia  social_sciences  social_sciences-post-WWII  globalization  cosmopolitanism  circulation-ideas  Bourdieu  Foucault  Derrida  humanities-finance  social_sciences-finance  education-higher  education-finance  universal_language-Latin  universal_language-English  books  Instapaper  from instapaper
april 2015 by dunnettreader
Geoffrey Jones, Marco H.D. van Leeuwen, and Stephen Broadberry - The Future of Economic, Business, and Social History | Scandinavian Economic History Review 60, no. 3 (November, 2012): 225–253
3 leading scholars in the fields of business, economic, and social history review the current state of these disciplines and reflect on their future trajectory. Jones reviews the development of business history since its birth at HBS during the 1920s. He notes the discipline's unique record as a pioneer of the scholarly study of entrepreneurship, multinationals, and the relationship between strategy and structure in corporations, as well as its more recent accomplishments, including exploring new domains such as family business, networks and business groups, and retaining an open architecture and inter-disciplinary approach. Yet Jones also notes that the discipline has struggled to achieve a wider impact, in part because of methodological under-development. He discusses 3 alternative futures for the discipline. (1) which he rejects, is a continuing growth of research domains to create a diffuse "business history of everything." (2) is a re-integration with the sister discipline of economic history, which has strongly recovered from its near-extinction 2 decades ago through a renewed attention to globalization and the Great Divergence between the West and the Rest. (3) which he supports, is that business historians retain a distinct identity by building on their proud tradition of deep engagement with empirical evidence by raising the bar in methodology and focusing on big issues for which many scholars, practitioners and students seek answers. He identifies 4 such big issues related to debates on entrepreneurship, globalization, business and the natural environment, and the social and political responsibility of business.
article  economic_history  economic_sociology  business_history  business-and-politics  business-norms  business_practices  business-ethics  globalization  MNCs  methodology  environment  climate-adaptation  entrepreneurs  CSR  paywall 
april 2015 by dunnettreader
Geoffrey Jones - Entrepreneurs, Firms and Global Wealth Since 1850 - March 2013 | SSRN
Modern economic growth diffused from its origins in the North Sea region to elsewhere in western and northern Europe, across the Atlantic, and later to Japan, but struggled to get traction elsewhere. The societal and cultural embeddedness of the new technologies posed significant entrepreneurial challenges. The best equipped to overcome these challenges were often entrepreneurs based in minorities who held significant advantages in capital-raising and trust levels. By the interwar years productive modern business enterprise was emerging across the non-Western world. Often local and Western managerial practices were combined to produce hybrid forms of business enterprise. After 1945 many governmental policies designed to facilitate catch-up ended up crippling these emergent business enterprises without putting effective alternatives in place. The second global economy has provided more opportunities for catch up from the Rest, and has seen the rapid growth of globally competitive businesses in Asia, Latin America and Africa. This is explained not only by institutional reforms, but by new ways for business in the Rest to access knowledge and capital, including returning diaspora, business schools and management consultancies. Smarter state capitalism was also a greater source of international competitive advantage than the state intervention often seen in the past. -- downloaded pdf to Note
economic_history  development  industrialization  institutional_economics  19thC  20thC  21stC  post-WWII  competition-interstate  globalization  industrial_policy  emtrepreneurs  diaspora  SMEs  technology_transfer  trust  access_to_finance  modernization_theory  business_history  firms-organization  downloaded  SSRN  Industrial_Revolution 
april 2015 by dunnettreader
Dani Rodrik - Premature deindustrialisation in the developing world | voxeu 12 February 2015
As developed economies have substituted away from manufacturing towards services, so too have developing countries – to an even greater extent. Such sectoral change may be premature for economies that never fully industrialised in the first place. This column presents evidence that countries with smaller manufacturing sectors substitute away from manufacturing to a larger extent, suggesting a trade channel through which falling international relative prices of manufacturing lead price-taking developing economies to substitute accordingly.
development  industrialization  industrial_policy  productivity  deindustrialisation  LDCs  OECD_economies  democratization  globalization  import_substitution  free_trade 
march 2015 by dunnettreader
Jennifer Pitts, review - Isaac Nakhimovsky, The Closed Commercial State: Perpetual Peace and Commercial Society from Rousseau to Fichte | Perspectives on Politics, March 2013 on Isaac Nakhimovsky - Academia.edu
This book presents an important new account of Johann Gottlieb Fichte's Closed Commercial State, a major early nineteenth-century development of Rousseau and Kant's political thought. Isaac Nakhimovsky shows how Fichte reformulated Rousseau's constitutional politics and radicalized the economic implications of Kant's social contract theory with his defense of the right to work. Nakhimovsky argues that Fichte's sequel to Rousseau and Kant's writings on perpetual peace represents a pivotal moment in the intellectual history of the pacification of the West. Fichte claimed that Europe could not transform itself into a peaceful federation of constitutional republics unless economic life could be disentangled from the competitive dynamics of relations between states, and he asserted that this disentanglement required transitioning to a planned and largely self-sufficient national economy, made possible by a radical monetary policy. Fichte's ideas have resurfaced with nearly every crisis of globalization from the Napoleonic wars to the present, and his book remains a uniquely systematic and complete discussion of what John Maynard Keynes later termed "national self-sufficiency." Fichte's provocative contribution to the social contract tradition reminds us, Nakhimovsky concludes, that the combination of a liberal theory of the state with an open economy and international system is a much more contingent and precarious outcome than many recent theorists have tended to assume. -- downloaded pdf to Note
books  reviews  18thC  19thC  intellectual_history  Germany  France  commerce  IR_theory  international_political_economy  international_system  international_law  luxury  trade-policy  protectionism  import_substitution  monetary_policy  French_Revolution  Rousseau  Kant  Fichte  civil_society  civil_liberties  rights-political  perpetual_peace  competition-interstate  free_trade  globalization  imperialism  downloaded 
march 2015 by dunnettreader
Frederick Neuhouser, review - Isaac Nakhimovsky, The Closed Commercial State: Perpetual Peace and Commercial Society from Rousseau to Fichte | Notre Dame Philosophical Reviews - Nov 2011
Frederick Neuhouser, Barnard College -- Isaac Nakhimovsky has accomplished what I had thought to be impossible: he has made Fichte's The Closed Commercial State (1800) into an interesting text. By carefully situating this long-neglected work within its historical and philosophical context, Nakhimovsky enables us to see it as more than a misguided attempt by a major philosopher to address the political issues of his day by inventing a utopian vision of the free republic so obviously fantastic that it was widely dismissed as such by most of Fichte's own contemporaries. To his credit, Nakhimovsky does not deny the silliness of many of the details of that vision. What he shows, however, is the urgency -- and, more importantly, the continuing relevance -- of the central problem that Fichte's text attempts to solve: how to reconcile a Rousseauean ideal of free citizenship with the realities of modern "commercial" societies (marked, in Fichte's time, by a decline in agriculture in favor of industry and a rapidly increasing division of labor). Since the principal conflict here is the threat posed by international trade relations to the freedom and economic well-being of the citizens of republics enmeshed in those relations, it is not difficult (with Nakhimovsky's assistance) to see this seemingly most untimely of texts as addressing what is merely an earlier version of the same conflict that stands, even today, at the center of Europe's woes. One of the great strengths of Nakhimovsky's book is that it treats The Closed Commercial State as standing in a long line of seventeenth- and eighteenth-century texts that debate the implications for international peace of what we would call "globalized" commerce. (Kant's Perpetual Peace [1795] is the best known of these texts, it merely continues a much longer tradition that includes works by Fenélon, l'Abbé de Saint-Pierre, Rousseau, Sieyès, and many others.) -- downloaded as pdf to Note
books  reviews  18thC  19thC  intellectual_history  Germany  France  commerce  IR_theory  international_political_economy  international_system  international_law  luxury  trade-policy  protectionism  import_substitution  monetary_policy  French_Revolution  Rousseau  Kant  Fichte  civil_society  civil_liberties  rights-political  perpetual_peace  competition-interstate  free_trade  globalization  imperialism  downloaded 
march 2015 by dunnettreader
Full transcript: President Obama, Dec 4 2013 - Inequality and rolling back Reagan Revolution | The Washington Post
But starting in the late ‘70s, this social compact began to unravel.Technology made it easier for companies to do more with less, eliminating certain job occupations. A more competitive world led companies ship jobs anyway. And as good manufacturing jobs automated or headed offshore, workers lost their leverage; jobs paid less and offered fewer benefits. As values of community broke down and competitive pressure increased, businesses lobbied Washington to weaken unions and the value of the minimum wage. As the trickle-down ideology became more prominent, taxes were slashes for the wealthiest while investments in things that make us all richer, like schools and infrastructure, were allowed to wither. And for a certain period of time we could ignore this weakening economic foundation, in part because more families were relying on two earners, as women entered the workforce. We took on more debt financed by juiced-up housing market. But when the music stopped and the crisis hit, millions of families were stripped of whatever cushion they had left. And the result is an economy that’s become profoundly unequal and families that are more insecure. (..) it is harder today for a child born here in America to improve her station in life than it is for children in most of our wealthy allies, countries like Canada or Germany or France. They have greater mobility than we do, not less.(..) The combined trends of increased inequality and decreasing mobility pose a fundamental threat to the American dream, our way of life and what we stand for around the globe. And it is not simply a moral claim that I’m making here. There are practical consequences to rising inequality and reduced mobility. -- downloaded as pdf to Note
speech  Obama  inequality  supply-side  labor_share  business-ethics  norms  norms-business  morality-conventional  morality-Christian  utilitarianism  globalization  technology  US_foreign_policy  US_economy  US_politics  US_society  US_government  US_history  common_good  civic_virtue  economic_growth  economic_culture  distribution-income  distribution-wealth  unemployment  health_care  public_goods  public_opinion  public_policy  downloaded  EF-add 
january 2015 by dunnettreader
Garicano, Luis and Rossi-Hansberg, Esteban (2014) - Knowledge-based hierarchies: using organizations to understand the economy - LSE Research Online
Via Economic Principals -- We argue that incorporating the decision of how to organize the acquisition, use, and communication of knowledge into economic models is essential to understand a wide variety of economic phenomena. We survey the literature that has used knowledge-based hierarchies to study issues like the evolution of wage inequality, the growth and productivity of firms, economic development, the gains from international trade, as well as offshoring and the formation of international production teams, among many others. We also review the nascent empirical literature that has, so far, confirmed the importance of organizational decisions and many of its more salient implications. - downloaded to iPhone
paper  lit_survey  economic_theory  economic_growth  productivity  inequality  labor  wages  supply_chains  teams  off-shoring  trade  emerging_markets  corporate_finance  development  MNCs  power  power-asymetric  firm-theory  organization  hierarchy  know-how  technology  innovation  superstars  middle_class  working_class  social_stratification  social_theory  institutional_economics  globalization  economy_of_scale  increasing_returns  IP  downloaded 
january 2015 by dunnettreader
Kose, Prasad, Rogoff & Wei (2009) - Financial Globalization: A Reappraisal
downloaded to iPhone - see also papers citing this - The literature on the benefits and costs of financial globalization for developing countries has exploded in recent years, but along many disparate channels with a variety of apparently conflicting results. There is still little robust evidence of the growth benefits of broad capital account liberalization, but a number of recent papers in the finance literature report that equity market liberalizations do significantly boost growth. Similarly, evidence based on microeconomic (firm- or industry-level) data shows some benefits of financial integration and the distortionary effects of capital controls, but the macroeconomic evidence remains inconclusive. At the same time, some studies argue that financial globalization enhances macroeconomic stability in developing countries, but others argue the opposite. This paper attempts to provide a unified conceptual framework for organizing this vast and growing literature, particularly emphasizing recent approaches to measuring the catalytic and indirect benefits to financial globalization. Indeed, it argues that the indirect effects of financial globalization on financial sector development, institutions, governance, and macroeconomic stability are likely to be far more important than any direct impact via capital accumulation or portfolio diversification. This perspective explains the failure of research based on cross-country growth regressions to find the expected positive effects of financial globalization and points to newer approaches that are potentially more useful and convincing.
credit  financial_innovation  spreads  financial_crisis  contagion  investment  financial_sector_development  interest_rates  FDI  emerging_markets  download  bubbles  FX  capital_flows  monetary_policy  fiscal_policy  financial_system  IMF  banking  NBFI  business_cycles  sovereign_debt  global_economy  macroeconomics  globalization 
january 2015 by dunnettreader
Jordà, Schularick and Taylor - Betting the House - NBER working paper - SSRN
They look at link between loose monetary policy, real estate lending, housing bubbles and financial instability. No surprise, they're correlated. Their added twist is to note that the same egfect can be produced by low intetest rates in effect "imported" by countries maintaining fixed exchange rates even if their domestic economic management is kosher - in a way, importing a business cycle snd misallocation of investment. The effect of these correlations to produce financial instability has increased over the decades. (undoubtedly exacerbated by the push to open capital accounts) SSRN version posted simultaneously with NBER version on SSRN - downloaded pdf to iPhone
capital_flows  business_cycles  credit  21stc  interest_rates  19thc  financial  crisis  financialization  monetary_policy  20thc  paper  asset  prices  bubbles  globalization  Pocket  real_estate  FX  SSRN  downloaded 
january 2015 by dunnettreader
Jeffrey A. Sheehan - The Legacy of Indonesia's Boediono - Knowledge@Wharton
Boediono served as Vice President of Indonesia from 2009 to October 20, 2014, when President Joko Widodo was elected and took office with Vice President Jusuf Kalla. In the following piece, Jeffrey A. Sheehan of Sheehan Advisory LLC — and former associate dean for international relations at Wharton — writes about Boediono, who he has known for 22 years. The material, which draws on public and private discussions, is excerpted from the manuscript of Sheehan’s forthcoming book, tentatively titled, “There Are No Foreign Lands.”
books  Indonesia  democracy  democratization  development  nation-state  state-building  emerging_markets  national_ID  globalization  global_governance  post-colonial  Dutch  20thC  21stC  bureaucracy  corruption 
january 2015 by dunnettreader
Paul Krugmam blog - Recent History in One Chart (Branko Milanovic global inequality trends) | NYTimes.com Jan 2015
A number of people have been putting up candidates for chart of the year. For me, the big chart of 2014 wasn’t actually from 2014 — it was from earlier work (pdf) by Branko Milanovic, which I somehow didn’t see until a few months ago. It shows income growth since 1988 by percentiles of the world income distribution (as opposed to national distributions): {chart} What you see is the surge by the global elite (the top 0.1, 0.01, etc. would be doing even better than his top 1), plus the dramatic rise of many but not all people in emerging markets. In between is what Branko suggests corresponds to the US lower-middle class, but what I’d say corresponds to advanced-country working classes in general, at least if you add post-2008 data with the effects of austerity. I’d call it the valley of despond, and I think it’s going to be a crucial factor in developments over the next few years.
economic_history  post-Cold_War  globalization  20thC  21stC  economic_growth  inequality  labor  wages  middle_class  OECD_economies  emerging_markets  LDCs  capital  profit  plutocracy  China  India  political_economy  poverty  stagnation  downloaded 
january 2015 by dunnettreader
Barry Bosworth - Sources of Real Wage Stagnation | Brookings Dec 2014
The new phenomenon is the decline in labor’s share of income for which we have no satisfactory explanation. It may reflect the huge rents that accrued to commodity producers during the boom of the last decade, and as that comes to an end labor’s share may rise toward the historical norm. However, some analysts point to the development of a highly competitive global market for labor combined with a more general reduction in product-market competition through reliance of mergers, IT patents, and regulations that suggest a reduced labor share may be a longer-lasting phenomenon.
rents  economic_growth  labor  inequality  productivity  21stc  wages  20thc  monopolies  profits  globalization  ip  economic_history  us_economy  Pocket 
january 2015 by dunnettreader
Razzaque, M. and Y. Basnett(eds.) - Regional Integration in South Asia: Trends, Challenges and Prospects (Commonwealth Secretariat, 2014) | The Commonwealth iLibrary - Books
"Regional Integration in South Asia: Trends, Challenges and Prospects" presents an objective assessment of trade and economic co-operation among South Asian nations and highlights policy issues to foster regional integration. The analyses presented in this volume go beyond the usual discussions on trade-in-goods to provide insightful perspectives on potential new areas of co-operation, emerging challenges, and country-specific views on regional and bilateral trade co-operation issues. Written by influential analysts and researchers, the volume’s 24 chapters include perspectives from Bangladesh, India, Maldives, Nepal, Pakistan and Sri Lanka, and examinations of new areas of co-operation such as investment, regional supply chains, energy and cross-border transport networks. -- From overview chapter, looks like they pour cold water on launching another in a long series of splashy but ineffective regional initiatives. They expect few major benefits from focusing on tariffs and official non-tariff trade barriers or a preferential regional bloc. The region simply is poorly integrated by infrastructure, movements of people and ideas, and business relations. Much is due to the costs of adequate over land transport given the topography, which exacerbated by the political tensions that are barriers to devoting significant scarce resources to building cross-border linkages. But even ports have been developed with an eye to global rather than regional trade. Can be read online - or download for $
books  South_Asia  economic_growth  development  exports  export-led  regional_blocs  India  Pakistan  Bangladesh  Sri_Lanka  trade-policy  trade-agreements  trade  supply_chains  globalization  political_economy  infrastructure  transport  ports  tariffs 
november 2014 by dunnettreader
Jonathan Nitzan - Global Capital: Political Economy of Capitalist Power (YorkU, Graduate Seminar, Fall Term, 2014-15) | bnarchives
The seminar has two related goals: substantive and pedagogical. The substantive purpose is to tackle the question of capital head on. The course explores a spectrum of liberal and Marxist theories, ideologies and dogmas – as well as a radical alternative to these views. The argument is developed theoretically, historically and empirically. The first part of the seminar provides a critical overview of political economy, examining its historical emergence, triumph and eventual demise. The second part deals with the two ‘materialistic’ schools of capital – the liberal theory of utility and the Marxist theory of labour time – dissecting their structure, strengths and limitations. The third part brings power back in: it analyses the relation between accumulation and sabotage, studies the institutions of the corporation and the state and introduces a new framework – the capitalist mode of power. The final part offers an alternative approach – the theory of capital as power – and illustrates how this approach can shed light on conflict-ridden processes such as corporate merger, stagflation, imperialism and Middle East wars. Pedagogically, the seminar seeks to prepare students toward conducting their own independent re-search. Students are introduced to various electronic data sources, instructed in different methods of analysis and tutored in developing their empirical research skills. As the seminar progresses, these skills are used both to assess various theories and to develop the students’ own theoretical/empirical research projects. -- Keywords: arms accumulation capital capitalism conflict corporation crisis distribution elite energy finance globalization growth imperialism GPE liberalism Marxism military Mumford national interest neoclassical neoliberalism oil ownership peace power profit ruling class security stagflation state stock market technology TNC Veblen violence war -- syllabus and session handouts downloaded pdf to Note
bibliography  syllabus  capital_as_power  international_political_economy  political_economy  economic_theory  liberalism  neoliberalism  neoclassical_economics  Keynesian  Marxist  capital  capitalism  social_theory  power-asymmetric  globalization  financial_system  financial_regulation  risk-systemic  international_finance  finance_capital  financialization  production  distribution-income  distribution-wealth  inequality  MNCs  corporations  corporate_finance  corporate_ownership  corporate_control_markets  economic_growth  economic_models  imperialism  military  military-industrial_complex  IR_theory  ruling_class  class_conflict  energy  energy-markets  MENA  accumulation  accumulation-differential  capital_markets  public_finance  profit  investment  technology  elite_culture  elites-self-destructive  capitalism-systemic_crisis  Veblen  Mumford  downloaded  EF-add 
october 2014 by dunnettreader
Hyeng-Joon Park - Korea’s Post-1997 Restructuring: An Analysis of Capital as Power | forthcoming in Review of Radical Political Economics (2015) pp. 1-44 | bnarchives
This paper aims to transcend current debates on Korea’s post-1997 restructuring, which rely on a dichotomy between domestic industrial capital and foreign financial capital, by adopting Nitzan and Bichler’s capital-as-power perspective. Based on this approach, the paper analyzes Korea’s recent political economic restructuring as the latest phase in the evolution of capitalist power and its transformative regimes of capital accumulation. -- Keywords: differential accumulation dominant capital chaebols transnationalization strategic sabotage -- Subjects: BN State & Government, BN Institutions, BN Power, BN International & Global, BN Region - Asia, BN Business Enterprise, BN Value & Price, BN Crisis, BN Production, BN Conflict & Violence, BN Money & Finance, BN Distribution, BN Comparative, BN Capital & Accumulation, BN Policy, BN Class, BN Labour, BN Growth -- downloaded from author's blog to Note
article  international_political_economy  capital_as_power  globalization  Korea  East_Asia  20thC  21stC  economic_history  1990s  2000s  2010s  Asian_crisis  Asia_Pacific  international_finance  FDI  finance_capital  financialization  emerging_markets  oligopoly  chaebols  crony_capitalism  industry  production  capitalism  capitalism-systemic_crisis  capitalization  accumulation  distribution-income  distribution-wealth  cross-border  trade  productivity-labor_share  class_conflict  labor_share  Labor_markets  unions  violence  economic_growth  sabotage-by_business  business-and-politics  business-norms  power-asymmetric  public_policy  public_goods  corporate_finance  corporate_ownership  investment  banking  political_culture  economic_culture  economic_reform  economic_policy  democracy  opposition  downloaded  EF-add 
october 2014 by dunnettreader
Bichler, Shimshon and Nitzan, Jonathan - The Asymptotes of Power - Real-World Economics Review. No. 60. June 2012. pp. 18-53 | bnarchives
Article workup of earlier conference paper -- This is the latest in a series of articles we have been writing on the current crisis. The purpose of our previous papers was to characterize the crisis. We claimed that it was a 'systemic crisis', and that capitalists were gripped by 'systemic fear'. In this article, we seek to explain why. The problem that capitalists face today, we argue, is not that their power has withered, but, on the contrary, that their power has increased. Indeed, not only has their power increased, it has increased by so much that it might be approaching its asymptote. And since capitalists look not backward to the past but forward to the future, they have good reason to fear that, from now on, the most likely trajectory of this power will be not up, but down. The paper begins by setting up our general framework and key concepts. It continues with a step-by-step deconstruction of key power processes in the United States, attempting to assess how close these processes are to their asymptotes. And it concludes with brief observations about what may lie ahead. -- Keywords: capitalization distribution power, systemic crisis -- Subjects: BN Money & Finance, BN Conflict & Violence, BN Distribution, BN Resistance, BN Power, BN Region - North America, BN Business Enterprise, BN Capital & Accumulation, BN Value & Price, BN Class, BN Crisis -- downloaded pdf to Note, also Excel data sheet
article  international_political_economy  capital_as_power  financial_system  international_finance  global_economy  global_system  ruling_class  transnational_elites  elite_culture  elites-self-destructive  globalization  power-asymmetric  Great_Recession  financial_crisis  finance_capital  financialization  distribution-income  distribution-wealth  profit  labor_share  risk-systemic  inequality  plutocracy  1-percent  conflict  violence  class_conflict  neoliberalism  corporate_citizenship  systems-complex_adaptive  systems_theory  grassroots  opposition  democracy  democracy_deficit  accumulation  capitalization  US_politics  US_economy  political_economy  political_culture  economic_culture  elites  rebellion  failed_states  property_rights  business-and-politics  business-norms  economic_growth  fear  data  capitalism-systemic_crisis  downloaded  EF-add 
october 2014 by dunnettreader
Richard Lachmann - States and Power (PPSS - Polity Political Sociology series) - 249 pages (2013) | Kindle eBooks @ Amazon.com.
States over the past 500 years have become the dominant institutions throughout the world, exercising vast and varied authority over the economic well-being, health, welfare, and very lives of their citizens. This concise and engaging book explains how power became centralized in states at the expense of the myriad of other polities that had battled one another over previous millennia. Richard Lachmann traces the contested and historically contingent struggles by which subjects began to see themselves as citizens of nations and came to associate their interests and identities with states. He explains why the civil rights and benefits they achieved, and the taxes and military service they in turn rendered to their nations, varied so much. Looking forward, Lachmann examines the future in store for states: will they gain or lose strength as they are buffeted by globalization, terrorism, economic crisis, and environmental disaster? This stimulating book offers a comprehensive evaluation of the social science literature that addresses these issues, and situates the state at the center of the world history of capitalism, nationalism, and democracy. It will be essential reading for scholars and students across the social and political sciences. -- reviews all the main theoretical approaches to rise of the nation-state, state-building, and various speculations on the demise or transformation of the state in the era of globalization and transnational actors and issues. -- looks extremely helpful, if for nothing than the lit review and bibliography
books  kindle-available  buy  historical_sociology  political_sociology  nation-state  nationalism  national_ID  citizenship  legitimacy  Europe-Early_Modern  colonialism  imperialism  IR_theory  capitalism  mercantilism  military_history  16thC  17thC  18thC  19thC  20thC  21stC  empires  empire-and_business  legal_system  international_law  international_political_economy  global_governance  globalization  elites  elite_culture  MNCs  international_organizations  international_system  power  IR-domestic_politics  terrorism  Internet  democracy  rule_of_law  civil_society  civil_liberties  social_theory  national_interest  refugees 
september 2014 by dunnettreader
Issue TOC - THE RESILIENCY OF THE NATION-STATE IN SCHOLARSHIP AND IN FACT | JSTOR: Review (Fernand Braudel Center), Vol. 34, No. 3, 2011
Introduction: "Globalization" and the Nation-State in the Modern World-System (pp. 253-258) - Denis O'Hearn and Thomas M. Wilson. *--* Nationalism in a Post-Hegemonic Era (pp. 259-283) - Richard Lachmann. *--* The State of States in International Organizations: From the WHO to the Global Fund (pp. 285-310) - Nitsan Chorev, Tatiana Andia Rey and David Ciplet. *--* On the Study of Social Optics: Foucault, Counter-Surveillance, and the Political Underground in Northern Peru (pp. 311-331) - David Nugent -- lots of interesting bibliography
article  journal  jstor  20thC  21stC  economic_history  political_history  political_economy  international_political_economy  cultural_history  globalization  global_governance  global_economy  global_system  global_history  social_theory  political_sociology  political_culture  political_nation  nation-state  national_ID  elites  elite_culture  MNCs  international_organizations  international_system  international_finance  IR_theory  IR-domestic_politics  hegemony  Foucault  IFIs  world_systems  bibliography  EF-add 
september 2014 by dunnettreader
Roger Cohen - Truths of a French Village - NYTimes.com - September 2014
A few weeks ago I was in France, where I’ve owned a village house for almost 20 years that I am now planning to sell. A real estate agent had taken a look at the property and we had made an appointment to discuss how to proceed. She swept into the kitchen, a bundle of energy and conviction, with an impassioned appeal: “Monsieur Cohen, whatever you do, you must on no account sell this house!” I gazed at her, a little incredulous. “You cannot sell it. This is a family home. You know it the moment you step in. You sense it in the walls. You breathe it in every room. You feel it in your bones. This is a house you must keep for your children. I will help you sell it if you insist, but my advice is not to sell. You would be making a mistake.” This was, shall we say, a cultural moment, one of those times when a door opens and you gaze, if not into the soul of a country, at least into territory that is distinct and deep and almost certainly has greater meaning than the headlines and statistics that are supposed to capture the state of a nation,
economic_culture  efficiency  values  globalization 
september 2014 by dunnettreader
Khan, B. - An Economic History of Copyright in Europe and the United States | EH.Net Encyclopedia, edited by Robert Whaples. March 16, 2008
The US created a utilitarian market-based model of intellectual property grants which created incentives for invention, with the primary objective of increasing social welfare and protecting the public domain. The checks and balances of interest group lobbies, the legislature and the judiciary worked effectively as long as each institution was relatively well-matched in terms of size and influence. However, a number of scholars are concerned that the political influence of corporate interests, the vast number of uncoordinated users over whom the social costs are spread, and international harmonization of laws have upset these counterchecks, leading to over-enforcement at both the private and public levels. International harmonization with European doctrines introduced significant distortions in the fundamental principles of US copyright and its democratic provisions. One of the most significant of these changes was also one of the least debated: compliance with the precepts of the Berne Convention accorded automatic copyright protection to all creations on their fixation in tangible form. This rule reversed the relationship between copyright and the public domain that the US Constitution stipulated. According to original US copyright doctrines, the public domain was the default, and copyright a limited exemption to the public domain; after the alignment with Berne, copyright became the default, and the rights of the public and of the public domain now merely comprise a limited exception to the primacy of copyright. The pervasive uncertainty that characterizes the intellectual property arena today leads risk-averse individuals and educational institutions to err on the side of abandoning their right to free access rather than invite challenges and costly litigation. Many commentators are also concerned about other dimensions of the globalization of intellectual property rights, such as the movement to emulate European grants of property rights in databases, which has the potential to inhibit diffusion and learning.
article  economic_history  publishing  property  property_rights  legal_history  legal_system  IP  regulation-harmonization  natural_rights  natural_law  copyright  patents  US_constitution  15thC  16thC  17thC  18thC  19thC  20thC  international_law  France  French_Revolution  censorship  British_history  authors  artists  playwrights  democracy  knowledge_economy  Internet  globalization  global_economy  digital_humanities  transparency  open_access  scientific_culture  science-public  education  R&D  education-higher  common_law  civil_code  civil_society  civic_humanism  US_legal_system 
september 2014 by dunnettreader
Smart Track Can't Be Fast Track in Disguise - Citizens Trade Campaign
FastTrackinDisguiseNearly 600 organizations, together representing millions of Americans, have sent a joint letter to Senate Finance Chair Ron Wyden (D-OR) expressing their steadfast opposition to Fast Track and outlining the minimum requirements for a new, democratic and accountable trade policy-making process. Earlier this year, Senator Wyden announced he is working on new “Smart Track” legislation to replace the expired Fast Track process that allows harmful trade agreements like the Trans-Pacific Partnership (TPP) to be rushed through Congress circumventing ordinary review, amendment and debate procedures. The sign-on letter promoted by CTC members such as the Sierra Club, Communications Workers of America, the Teamsters and Public Citizen, among others both inside and outside CTC, urges that Fast Track be eliminated and replaced with a new model of trade authority that includes transparency in trade negotiations, a Congressional role in selecting trade partners, a clear set of negotiating mandates and Congressional certification that mandates have been met before negotiations can conclude. -- downloaded pdf to Note
US_politics  US_economy  US_foreign_policy  Obama_administration  Congress  trade-policy  trade-agreements  unions  climate  environment  transparency  civil_society  grassroots  MNCs  globalization  global_economy  global_governance  international_political_economy  downloaded  EF-add 
september 2014 by dunnettreader
Structuralist Response to Piketty's Capital in the Twenty-First Century | INET
New School Economist Lance Taylor released a symposium of literature on Thomas Piketty’s Capital in the Twenty-First Century in conjunction with the INET-sponsored research project on Economic Sustainability, Distribution and Stability. It includes papers offering a structuralist response to Piketty's explanation of inequality and advancing alternative theories. **--** Thomas Piketty’s Capital in the Twenty-First Century: Introduction to a Structuralist Symposium - Lance Taylor (The New School) *--* Capitalism, Inequality and Globalization: Thomas Piketty’s Capital in the Twenty-First Century - Prabhat Patnaik (Jawaharlal Nehru University, New Delhi *--* Elasticity of substitution and social conflict: a structuralist note on Piketty’s Capital in the 21st Century - Nelson Barbosa-Filho (São Paulo School of Economics) *--* Piketty’s Elasticity of Substitution: A Critique - Gregor Semieniuk (The New School) *--* The Triumph of the Rentier? Thomas Piketty vs. Luigi Pasinetti and John Maynard Keynes - Lance Taylor (The New School -- downloaded pdf to Note
books  Piketty  economic_history  institutional_economics  class_conflict  rentiers  inequality  globalization  capital  capitalism  downloaded  EF-add 
september 2014 by dunnettreader
Zhijie Chen, Jing Zhuo - The Trade and Culture Debate in the Context of Creative Economy: An Adaptive Regulatory Approach from Fragmentation to Coherence :: SSRN June 16, 2014
Zhijie Chen - The University of Hong Kong (PhD Student) -- Jing Zhuo - University of Macau. -- Fourth Biennial Global Conference of the Society of International Economic Law (SIEL) Working Paper No 2014/07. **--** The trade and culture debate has been a long tension without a definite result. It has been widely argued that neither the existing WTO regulatory framework nor the UNESCO Convention on the Protection and Promotion of the Diversity of Cultural Expression can address the debate. More recently, some emerging domains in the digital age, including digital technology and intellectual property rights, have posed crucial challenges These trends invite the careful reconsideration of the role of law, the dominant legal responses and regulatory approaches; however they have not been paid due attention. This paper investigates a possibly more adaptive regulatory approach for the trade and culture debate under the changed regulatory environment. Compared with cultural industries, it appears that creative industries tend to more properly reflect the status quo of the current economy, and the concept of creative economy could be employed as the concept to design a new regulatory approach for the debate in the digital age. For the WTO regulatory framework, a two-steps approach could be considered. The first step is to formulae the ‘creative economy’ as a legal concept, followed by the second step of introducing the concept into the WTO regulatory framework. It is suggested that such approach could be a more adaptive and coherent regulatory approach for the trade and culture debate in the digital age. -- Number of Pages: 41 - downloaded pdf to Note
paper  SSRN  international_law  international_economics  law-and-economics  international_political_economy  global_governance  UN  UNESCO  culture  diversity  trade-policy  WTO  creative_economy  regulation  regulation-harmonization  digital_humanities  technology  Innovation  convergence-business  globalization  national_interest  public_goods  free_trade  protectionism  IP  property_rights  downloaded  EF-add  change-social 
september 2014 by dunnettreader
Lilian Richieri Hanania - The UNESCO Convention on the Diversity of Cultural Expressions as a Coordination Framework to Promote Regulatory Coherence in the Creative Economy :: SSRN June 7, 2014
"The UNESCO Convention on the Diversity of Cultural Expressions as a Coordination Framework to Promote Regulatory Coherence in the Creative Economy" -- Université Paris I Panthéon-Sorbonne -- Fourth Biennial Global Conference of the Society of International Economic Law (SIEL) Working Paper No. 2014/03. **--** [The paper looks at] business convergence in creative industries from the perspective of cultural diversity. It is based on the premise that the recognition of the creative and innovative component of the so-called “creative industries” or the “creative economy” confirms the need for non-economic factors and particularly cultural concerns to be taken into account in regulatory efforts addressing those industries. It examines the way new technologies and business convergence may affect the “trade and culture debate” vis-à-vis the WTO, and how the UNESCO Convention on the Protection and Promotion of the Diversity of Cultural Expressions (CDCE) may respond in a relevant manner to those challenges. Despite its weakly binding language, the CDCE contains principles, objectives and rules that set a comprehensive framework for policy “related to the protection and promotion of the diversity of cultural expressions” at the national, regional and international levels. -- By prioritizing policy and regulatory coordination, ... the main elements enshrined in the CDCE should be employed to contribute to greater coherence ...vis-à-vis the WTO and other IOs. - Number of Pages: 23 - downloaded pdf to Note
paper  SSRN  international_law  international_economics  law-and-economics  international_political_economy  global_governance  UN  UNESCO  diversity  culture  cultural_change  culture_industries  creative_economy  trade-policy  trade-agreements  international_organizations  WTO  development  sustainability  regulation-harmonization  administrative_agencies  administrative_law  convergence-business  globalization  downloaded  EF-add 
september 2014 by dunnettreader
Rostam J. Neuwirth - The Creative Industries as a New Paradigm for Business and Law: Of 'Smart Phones' and 'Smarter Regulation' :: SSRN June 13, 2014
University of Macau - Faculty of Law, E32 -- Fourth Biennial Global conference of the Society of International Economic Law (SIEL) Working Paper No. 2014/05. **--** From a macroeconomic perspective, the historical evolution of trade and commerce has been closely entangled in a two-way or paradoxical relationship with the evolution of laws, where one is inextricably linked to the other and both mutually influence each other. At the microeconomic level, the same can be said about the relationship between businesses or industries and their underlying technologies. Recent changes, and notably the accelerated pace by which we recognize change, has led to a widespread trend of “convergence”. Convergence has been recognised in different contexts, namely in languages, technologies, and industries as well as regulatory matters. The objective of this article is thus to first trace and describe convergence from a linguistic, technological and industrial perspective. Subsequently, in order to ponder the future regulatory challenges in the regulation of global trade under the aegis of the World Trade Organization (WTO), it will focus on the question of whether technological and industrial convergence should be met by a similar trend towards regulatory convergence through regulatory harmonisation. Put differently, it will critically evaluate the present situation of regulatory divergence in the form of regulatory diversity and regulatory competition with a view of contributing to the debate of improving global trade regulation in the 21st century. - Number of Pages: 21 -- didn't download
paper  SSRN  international_law  international_economics  law-and-economics  international_political_economy  global_governance  WTO  regulation  administrative_agencies  administrative_law  technocracy  accountability  public_policy  legal_culture  regulation-harmonization  technology  technology_transfer  economic_culture  creative_economy  political_participation  globalization  global_system  manufacturing  production  change-social  EF-add 
september 2014 by dunnettreader
Edward D. Kleinbard - 'Competitiveness' Has Nothing to Do With It (Tax Notes, Forthcoming) :: SSRN August 27, 2014
USC Gould School of Law -- USC CLASS Research Papers Series No. CLASS 14-26 - USC Legal Studies Research Papers Series No. 14-34 -- The recent wave of corporate tax inversions has triggered interest in what motivates these tax-driven transactions now. Corporate executives have argued that inversions are explained by an "anti-competitive" U.S. tax environment, as evidenced by the federal corporate tax statutory rate, which is high by international standards, and by its "worldwide" tax base. This paper explains why this competitiveness narrative is largely fact-free, in part by using one recent articulation of that narrative (by Emerson Electric Co.’s former vice-chairman) as a case study. The recent surge in interest in inversion transactions is explained primarily by U.S. based multinational firms’ increasingly desperate efforts to find a use for their stockpiles of offshore cash (now totaling around $1 trillion), and by a desire to "strip" income from the U.S. domestic tax base through intragroup interest payments to a new parent company located in a lower-taxed foreign jurisdiction. These motives play out against a backdrop of corporate existential despair over the political prospects for tax reform, or for a second "repatriation tax holiday" of the sort offered by Congress in 2004. '- Number of Pages in PDF File: 32 -- didn't download
paper  SSRN  US_economy  taxes  tax_havens  tax_collection  Congress  US_politics  globalization  global_economy  business-and-politics  corporate_finance  corporate_governance  corporate_citizenship 
september 2014 by dunnettreader
Steve Denning - The Copernican Revolution In Management - Forbes - July 2013
Today’s hierarchical bureaucracies are so out-of-step with the current marketplace in which power has shifted from seller to buyer that we cannot wait for the results of definitive long-term scientific studies. As Don Tapscott said in this column last week, “The fundamental problem facing all our institutions today, including government, is not related to conjunctural economic changes. It’s not a business cycle that we are going through. It’s not a cyclical change. It’s a secular change. We are at a punctuation point in human history where the industrial age and institutions have finally come to their logical conclusion. They have essentially run out of gas.” The shareholder value theory is thus only a small part of the problem. It is part of a web of obsolete management ideas that no longer fit the 21st Century marketplace. As noted below, other once-sacred truths in management are part of the same failing paradigm. Absorbing even a couple of these fundamental shifts will take time. Absorbing them all, and acquiring the skills and attitudes necessary to implement them, will not be easy or quick. -- large number of links to recent articles, papers etc
globalization  global_economy  business  management  corporate_governance  technology  networks-business  hierarchy  shareholder_value  capital_markets  investors  financialization  Labor_markets  Innovation  capitalism  executive_compensation  1-percent  inequality  links 
august 2014 by dunnettreader
The Reshoring Initiative: Total Cost of Ownership Estimator Tool
The Total Cost of Ownership Estimator is a complimentary tool that enables aggregation of all cost and risk factors into one cost for simpler, more objective decision making. Most companies make sourcing decisions based on price alone, resulting in a 20 to 30 percent miscalculation of actual offshoring costs. With the Total Cost of Ownership Estimator, users account for all relevant factors when determining their total cost of ownership including overhead, balance sheet, corporate strategy and other external and internal business costs. Once your unique data is input into the calculator, you will receive your total cost of ownership analysis complete with: ** Calculations of each source’s cost ** An accumulation of all costs into cost categories. ** A grand total cost. ** Line charts showing each source’s current price, total cost of ownership and 5-year forecast. ** Line charts showing your cumulative cost by category
globalization  global_economy  business  off-shoring  prices  labor  management  profit 
august 2014 by dunnettreader
Joshua Clover, review essay - Autumn of the Empire [post the Great Recession] | The Los Angeles Review of Books July 2011
Books discussed - Richard Duncan, The Dollar Crisis: Causes, Consequences, Cures *--* Robert Brenner, The Economics of Global Turbulence *--* Giovanni Arrighi, The Long Twentieth Century: Money, Power and the Origins of Our Times *--* Giovanni Arrighi, Adam Smith in Beijing *--*--*--* All three authors are heterodox from view of what passes for informed discourse about economic theory or political economy - by the conclusion of the essay, Giovanni Arrighi's longue-durée of transitions of a succession of capitalist empires becomes the vantage point for discussions of how we got to the Great Recession as well as where we have to start thinking about another way of understanding the geopolitical dynamics of global capitalism (or the global capitalist dynamics of geopolitics) Other TAGGED AUTHORS - Jill Ciment, Paul Krugman, Fernand Braudel, Joseph Schumpeter, John Maynard Keynes, Karl Marx, T.S. Eliot *--* Other TAGGED BOOKS - Reinhardt and Rogoff, This Time It's Different, *--* Michael Lewis, The Big Short: Inside the Doomsday Machine
books  reviews  global_economy  globalization  international_political_economy  financialization  financial_crisis  economic_history  geopolitics  empires  empire-and_business  world_history  world_systems  cycles  15thC  16thC  17thC  18thC  19thC  20thC  Genoa  city_states  Dutch_Revolt  Dutch  British_Empire  US-China  US-empire  imperialism  imperial_overreach  trade  trading_companies  production  productivity  capitalism  competition  profit  investment  international_monetary_system  translatio_imperii  Annales  bubbles  labor  off-shoring  investors  American_exceptionalism  EF-add 
august 2014 by dunnettreader
Branko Milanovic - The Tale Of Two Middle Classes | Yale Global -July 2014
Far Right in Europe starting to agitate re middle class incomes in Asia growing vs stagnating or declining in West -- The rich have benefited immensely from globalization and they have keen interest in its continuation. But while their use of political power has enabled the continuation of globalization, it has also hollowed out national democracies and moved many countries closer to becoming plutocracies. Thus, the choice would seem either plutocracy and globalization – or populism and a halt to globalization. Another solution, one that involves neither populism nor plutocracy, would imply more substantial redistribution policies in the rich world. Some of the gains of the top 5 percent could go toward alleviating the anger of the lower- and middle-class rich world’s “losers.” These need not nor should be mere transfers of money from one group to another. Instead, money should come in the form of investments in public education, local infrastructure, housing and preventive health care. But the history of the last quarter century during which the top classes in the rich world have continually piled up larger and larger gains, all the while socially and mentally separating themselves from fellow citizens, does not bode well for that alternative.
international_political_economy  globalization  plutocracy  populism  right-wing  democracy  1-percent  public_goods  infrastructure  finance_capital  politics-and-money  OECD_economies  economic_growth  protectionism  trade-policy 
august 2014 by dunnettreader
Jeremy Waldron - Secularism and the Limits of Community (2010) :: SSRN
NYU School of Law, Public Law Research Paper No. 10-88 -- This paper addresses two issues: (1) the use of religious considerations in social and political argument; and (2) the validation of the claims of community against markets and other aspects of globalization. It argues that we should be very wary of the association of (1) with (2), and the use of (1) to reinforce (2). The claims of community in the modern world are often exclusionary (the word commonly associated with community is "gated") and hostile to the rights of the poor, the homeless, the outcast, and so on. The logic of community in the modern world is a logic that reinforces market exclusion and the disparagement of the claims of the poor. If religious considerations are to be used to uphold those claims and to mitigate exclusion, they need to be oriented directly to that task, and to be pursued in ways that by-pass the antithetical claims of community. Religious considerations are at their most powerful in politics - and are most usefully disconcerting - when they challenge the logic of community. -- Number of Pages in PDF File: 27
paper  SSRN  philosophy_of_law  political_philosophy  political_economy  globalization  inequality  exclusion  markets  markets_in_everything  community  communitarian  politics-and-religion  Rawls  human_rights  rights-legal  protectionism  poverty  EF-add 
july 2014 by dunnettreader
Prakash Loungani and Saurabh Mishra - Not Your Father's Service Sector -- Finance & Development, June 2014
A long-standing truism in California’s Silicon Valley is that “70 percent of hardware is software”—early recognition of the link between sales of computers and software services. It is a phenomenon that now extends beyond the computer industry. Services have become the glue that binds many manufacturing supply chains. ...Recognizing this interdependence, companies are shifting from “selling products to selling an integrated combination of products and services that deliver value,” a development that the academic literature refers to as the “servitization of manufacturing” .... Companies are more open today to the incorporation of products and services from other vendors if it helps them establish and maintain a relationship with their customers. To reap the benefits of these trends, even developing economies where manufacturing still looms large must develop state-of-the-art services. Such services are needed for manufacturing firms to connect to global value chains and develop competitiveness in more skill-intensive activities along the value chain. Some countries may be able to use their comparative advantage in labor costs to become exporters of some intermediate or final service products. In others, services may pose lower barriers to entry than capital-intensive industries or offer an easier route to employment for women than other available options. Countries such as Malaysia could take advantage of the globalization of services to escape a potential middle-income trap.
global_economy  supply_chains  services  trade  emerging_markets  globalization  manufacturing  exports  women-work 
june 2014 by dunnettreader
Abigail Swingen, review - Sheryllynne Haggerty. "Merely for Money"? Business Culture in the British Atlantic, 1750-1815 | H-Net Reviews
Haggerty demonstrates that successful merchants in the 18thC British Atlantic world operated in a culture that had socially constructed expectations for their behavior. Those who did not conform to that culture could find themselves left out of it altogether. This is most effectively demonstrated in her chapter on obligation. ...“obligation” did not simply reflect the necessity to pay off a debt. For some larger merchant houses, it meant not calling in debts too quickly especially at times of crisis -- 18thC merchants, although largely self-regulating, expected and desired a certain level of regulation and protection from the British state. This was especially true in terms of overseas and colonial trades. ...merchants felt that the state was “obligated” to protect them, considering the various ways they contributed to the imperial economy. --ultimately one questions how these crises, and the sophisticated ways the merchants responded to them, compared to earlier similar moments of upheaval. Overseas (especially colonial) merchants had formed lobbying groups, both informal and formal, since at least the late17thC, as the work of Alison Olson and Will Pettigrew demonstrates. Because there is little consideration of change over time, however, one does not get a clear sense of the overall significance of the period in question. -- one is left wondering about the broader implications of the ways in which merchants confronted and negotiated with the “formal” empire. The merchants were caught up in a transformative period in the transition to a global capitalist economy. -- high marks for archival work and applying Greif (new institutional_economics) and folks like Hobbit re business concepts
books  reviews  economic_history  18thC  19thC  British_history  British_politics  Atlantic  West_Indies  American_colonies  American_Revolution  slavery  merchants  mercantilism  protectionism  credit  creditors  trade-policy  trade_finance  British_Empire  British_foreign_policy  interest_groups  economic_culture  institutional_economics  obligation  business-and-politics  capitalism  globalization  global_economy  EF-add 
june 2014 by dunnettreader
Amparo Castelló-Climent, Rafael Doménech - Human capital and income inequality | vox , 23 April 2014
Most developing countries have made a great effort to eradicate illiteracy. As a result, the inequality in the distribution of education has been reduced by more than half from 1950 to 2010. However, inequality in the distribution of income has hardly changed. This column presents evidence from a new dataset on human capital inequality. The authors find that increasing returns to education, globalisation, and skill-biased technological change can explain why the fall in human capital inequality has not been sufficient to reduce income inequality.
paper  economic_history  economic_theory  human_capital  literacy  inequality  education  education-higher  globalization  technology  wages  labor  political_economy  global_economy  EF-add 
june 2014 by dunnettreader
Chad Lavin - Fear, Radical Democracy, and Ontological Methadone | JSTOR: Polity, Vol. 38, No. 2 (Apr., 2006), pp. 254-275
Given recent social and political transformations as well as our cultural landscape's dominance by narratives of threat and victimization, it is understandable that fear has occupied an ever-expanding role in our lives. Although these instabilities and insecurities have inspired a resurgence of various explanatory and mollifying fundamentalisms, radical democrats suggest that the conditions of this "postmetaphysical" age might instead facilitate unprecedented commitments to democracy. As such, radical democrats welcome the very conditions of contingency that contemporary citizen-subjects tend to find so frightening. In attacking the drive towards fundamentalism that they identify in various ideologies from Islam through liberalism, radical democrats betray an inattention to the functional consolation they offer. If fundamentalisms are opiates, radical democrats offer a prescription for addiction treatment that few have any interest in taking. -- very interesting bibliography -- downloaded pdf to Note
article  jstor  21stC  political_philosophy  liberalism  fundamentalism  identity  identity_politics  globalization  finance_capital  fear  democracy  political_participation  political_culture  Rorty  bibliography  downloaded  EF-add 
february 2014 by dunnettreader
Herman Siemens and Gary Shapiro - Special Section Introduction: What Does Nietzsche Mean for Contemporary Politics and Political Thought? | JSTOR: Journal of Nietzsche Studies, No. 35/36 (SPRING-AUTUMN 2008), pp. 3-8
Guest Editors' Introduction: What Does Nietzsche Mean for Contemporary Politics and Political Thought?(pp. 3-8) Herman Siemens and Gary Shapiro. *--* (1) Beyond Peoples and Fatherlands: Nietzsche's Geophilosophy and the Direction of the Earth (pp. 9-27) Gary Shapiro. *--* (2) Nietzsche and the Neoconservatives: Fukuyama's Reply to the Last Man (pp. 28-47) Haroon Sheikh. *--* (3) (downloaded) Nietzsche and the Political: Tyranny, Tragedy, Cultural Revolution, and Democracy (pp. 48-66) Tracy B. Strong. *--* (4) The Innocence of Victimhood Versus the "Innocence of Becoming": Nietzsche, 9/11, and the "Falling Man" (pp. 67-85) Joanne Faulkner *--* (book review) Nietzsche's Political Skepticism by Tamsin Shaw (pp. 177-179) - Review by: Saul Tobias. *--* (long book review) Nietzsche and the Political. Thinking the Political series by Daniel W. Conway (pp. 207-216) - Review by: Herman Siemens [both Conway and Siemens are contributors to the special section]
journal  article  books  reviews  jstor  political_philosophy  intellectual_history  19thC  Germany  Nietzsche  globalization  political_economy  political_culture  Strauss  mass_culture  nationalism  nation-state  territory  Europe  Eurocentrism  post-colonial  downloaded  EF-add 
february 2014 by dunnettreader
Mark Bevir - National Histories: Prospects for Critique and Narrative [eScholarship] (2007)
"National Histories: Prospects for Critique and Narrative", Journal of the Philosophy of History 1 (2007), 293-317. -- Keywords: Nation, National Histories, Postnational, State, Transnationalism -- downloaded pdf to Note
article  eScholarship  intellectual_history  historiography  sociology_of_knowledge  political_culture  nation-state  national_ID  nationalism  territory  globalization  history_of_England  historiography-Whig  historians-and-politics  groups-identity  memory-group  memory_studies  narrative-contested  downloaded  EF-add 
february 2014 by dunnettreader
Dirk Matten and Andrew Crane - Corporate Citizenship: Toward an Extended Theoretical Conceptualization | JSTOR: The Academy of Management Review, Vol. 30, No. 1 (Jan., 2005), pp. 166-179
We critically examine the content of contemporary understandings of corporate citizenship and locate them within the extant body of research dealing with business-society relations. Our main purpose is to realize a theoretically informed definition of corporate citizenship that is descriptively robust and conceptually distinct from existing concepts in the literature. Specifically, our extended perspective exposes the element of "citizenship" and conceptualizes corporate citizenship as the administration of a bundle of individual citizenship rights--social, civil, and political--conventionally granted and protected by governments. -- cited by more than 35 in jstor -- didn't download
article  jstor  political_philosophy  political_economy  liberalism  markets  nation-state  civil_society  business  business-and-politics  corporate_citizenship  CSR  civil_liberties  privatization  legal_system  international_political_economy  globalization  EF-add 
february 2014 by dunnettreader
« earlier      
per page:    204080120160

related tags

1-percent  15thC  16thC  17thC  18thc  19thc  20thc  21stc  1707_Union  1990s  2000s  2010s  abolition  academia  access_to_finance  accountability  accumulation  accumulation-differential  administrative_agencies  administrative_law  Africa  African_trade  aid  American_colonies  American_exceptionalism  American_Revolution  Anglo-Scot  Annales  anti-imperialism  archaeology  art-contemporary  article  artists  Asia  Asian_crisis  Asia_Pacific  asset  asset_prices  Atlantic  audio  austerity  authority  authors  bad_journalism  balance-of-power  balance_of_payments  Bangladesh  banking  behavioral_economics  Bible-as-history  Bible-as-literature  Biblical_authority  Biblical_criticism  Biblical_exegesis  bibliography  biography  bond_market_vigilantes  books  bookshelf  Bourdieu  Brexit  Britain  british_empire  British_foreign_policy  british_history  british_politics  bubbles  bureaucracy  business  business-and-politics  business-ethics  business-norms  business_cycles  business_history  business_influence  business_practices  business_processes  buy  capital  capitalism  capitalism-systemic_crisis  capitalism-varieties  capitalization  capital_adequacy  capital_as_power  capital_controls  capital_flows  capital_markets  careers  Catholics  censorship  central_banks  chaebols  change-social  charity  China  China-economy  chosen_people  church_history  circulation-ideas  citizens  citizenship  city_states  civic_humanism  civic_virtue  civil_code  civil_liberties  civil_rights  civil_society  clash_of_civilizations  class_conflict  clientelism  climate  climate-adaptation  cold_war  collective_action  colonialism  commerce  commodification  common_good  common_law  communication  communitarian  community  comparative_religion  competition  competition-interstate  competitiveness  conference  conflict  Confuscianism  Congress  conservation  consumerism  consumers  contagion  contextualism  convergence-business  copyright  corporate_citizenship  corporate_control_markets  corporate_finance  corporate_governance  corporate_ownership  corporations  corruption  cosmopolitanism  creation  creation_ex_nilho  creative_economy  credit  creditors  crisis  crony_capitalism  cross-border  CSR  cultural_authority  cultural_change  cultural_critique  cultural_exchange  cultural_history  cultural_influence  cultural_pessimism  cultural_transmission  culture  culture_industries  cycles  data  Davenant  debt  debt-overhang  default  deindustrialisation  democracy  democracy_deficit  democratization  deregulation  Derrida  development  development-finance  development-impact  diaspora  digital_humanities  dignity  diplomacy-environment  disenchantment  disintermediation  distance_learning  distribution-income  distribution-wealth  diversity  dollar  download  downloaded  Dutch  Dutch_Revolt  East_Asia  East_India_Company  ecclesiology  ecology  economic_culture  economic_growth  economic_history  economic_models  economic_policy  economic_reform  economic_shocks-propagation  economic_sociology  economic_theory  economy_of_scale  education  education-civic  education-continuing  education-finance  education-higher  education-privatization  education-training  EF-add  efficiency  elites  elites-political_influence  elites-self-destructive  elite_culture  emerging_markets  empire-and_business  empires  emtrepreneurs  energy  energy-markets  English_School  Enlightenment  entrepreneurs  entre_deux_guerres  environment  epistemology-moral  epistemology-social  equality  equity-corporate  equity_markets  eScholarship  ethics  EU  Eurocentrism  europe  Europe-Early_Modern  Europe-federalism  European_integration  Eurozone  EU_governance  exclusion  executive_compensation  exhibition  export-led  exports  externalities  failed_states  FDI  fear  Fichte  finance_capital  financial  financialization  financial_crisis  financial_innovation  financial_regulation  financial_sector_development  financial_stability  financial_system  firm-theory  firms-organization  firms-theory  fiscal-military_state  fiscal_policy  foreign_policy  Foucault  fragmentation  France  free_trade  French_Empire  French_intellectuals  French_language  French_politics  french_revolution  Friedman_Milton  frontier_markets  fundamentalism  FX  FX-misalignment  FX-rate_management  G8  Genoa  geography  geopolitics  germany  Germany-Eurozone  gig_economy  global  globalization  global_economy  global_governance  global_history  global_imbalance  global_system  global_value_chains  gold_standard  governance  grassroots  Great_Depression  Great_Divergence  great_powers  Great_Recession  Greece  groups-identity  GWOT  Habermas  health  health_care  hegemony  hierarchy  historians-and-politics  historical_sociology  historicism  historiography  historiography-Whig  history  history_of_England  hong_kong  housing  humanism  humanities  humanities-finance  human_capital  human_nature  human_rights  identity  identity-multiple  identity_politics  ideology  IFIs  imagined_communities  IMF  imperial-soft  imperialism  imperial_overreach  imports  import_substitution  increasing_returns  India  Indian_Ocean  Indonesia  industrialization  industrial_policy  Industrial_Revolution  industry  inequality  inequality-global  inequality-wealth  infrastructure  innovation  innovation-government_policy  Instapaper  institution-building  institutional_capacity  institutional_change  institutional_economics  institutional_investors  institutions  insurance  intellectual_history  intellectual_property  intelligentsia  interest_groups  interest_rates  international_economics  international_finance  international_law  international_monetary_system  international_organizations  international_political_economy  international_system  Internet  interview  investment  investors  ip  ir  IR-domestic_politics  ir-history  iraq  irrationalism  IR_theory  ISDS  Islamist_fundamentalists  Islamophobia  IT  Italy  japan  Jesuits  journal  jstor  juddgment-moral  judgment-political  justice  Kant  Keynes  Keynesian  Keynesianism  kindle-available  Kindleberger  know-how  knowledge_economy  Korea  labor  labor_history  Labor_markets  labor_share  labor_standards  laisser-faire  language-national  Latin_America  law-and-economics  LDCs  left-wing  legal_culture  legal_history  legal_system  legitimacy  liberalism  liberalism-post-WWII  liberal_internationalism  liberty  liberty-positive  links  literacy  literary_history  literary_theory  lit_survey  London  LTV  luxury  macroeconomics  macroeconomic_policy  Malthus  management  Mannheim  manufacturing  maritime_issues  markets  markets-failure  markets_in_everything  market_fundamentalism  Marxist  mass_culture  media  medicine  Mediterranean  memory-group  memory_studies  MENA  mercantilism  merchants  methodology  middle_class  military  military-industrial  military-industrial_complex  military_history  missionaries  Mitterand  MNCs  modernity  modernization  modernization_theory  monetary_policy  monetary_union  money_market  monopolies  monotheism  morality  morality-Christian  morality-conventional  morality-divine_command  morality-objective  moral_economy  moral_philosophy  moral_reform  mortgages  multiculturalism  Mumford  napoleon  napoleonic  narrative-contested  nation-state  nationalism  national_ID  national_interest  national_security  national_tale  nationslism  natural_law  natural_resources  natural_rights  nature  nature-mastery  naval_history  NBFI  neo-colonialism  neoclassical_economics  neocons  neoliberalism  networks  networks-business  networks-exchange  networks-information  networks-policy  networks-political  New_Confucianism  Nietzsche  norms  norms-business  Obama  Obama_administration  obligation  OECD  OECD_economies  off-shoring  Old_Testament  oligopoly  open_access  opposition  organization  orientalism  Orientalism-Enlightenment  outsourcing  Pakistan  Papacy  paper  patents  patronage  paywall  PCF  peace  perpetual_peace  pharma  philosophy_of_law  Piketty  pinboard  playwrights  pluralism  plutocracy  Pocket  Poland  policymaking  political_culture  political_discourse  political_economy  political_history  political_nation  political_order  political_participation  political_philosophy  political_press  political_sociology  politics-and-history  politics-and-money  politics-and-religion  politics-and-technology  popular_culture  populism  ports  Portugal  post-Cold_War  post-colonial  post-secular  post-wwii  postmodern  poverty  power  power-asymetric  power-asymmetric  pre-WWI  prices  privatization  production  productivity  productivity-labor_share  profit  profits  property  property_rights  protectionism  public_finance  public_goods  public_opinion  public_policy  public_sphere  publishing  QE  R&D  raison-d'-état  rationality  rational_choice  Rawls  raw_materials  real_estate  rebellion  redistribution  red_states  reform-political  refugees  regional_blocs  regulation  regulation-enforcement  regulation-environment  regulation-harmonization  religion-fundamentalism  religious_belief  religious_culture  religious_experience  religious_history  rentiers  rents  report  representative_institutions  republicanism  Republic_of_Letters  reviews  rhetoric-political  right-wing  rights-legal  rights-political  risk-systemic  risk_management  Rodrik  Rorty  Rousseau  rule_of_law  ruling_class  Russia  Russian_foreign_policy  sabotage-by_business  sacred_texts  science  science-public  scientific_culture  Scotland  SDGs  securitization  services  shadow_banking  shareholder_value  shipping  slavery  SMEs  Smith  socialism  social_democracy  social_gospel  social_history  social_order  social_problem  social_science  social_sciences  social_sciences-finance  social_sciences-post-WWII  social_stratification  social_theory  social_thought  sociology  sociology_of_knowledge  solidarity  South_Asia  sovereignty  sovereign_debt  speech  spreads  Sri_Lanka  SSRN  stability  stagnation  standards-setting  state-and-technology  state-building  statistics  status  stratification  Strauss  structural_adjustment  student_debt  Sub-Saharan_Afric  subsidiarity  superstars  supply-side  supply_chains  sustainability  syllabus  systems-complex_adaptive  systems_theory  tariffs  taxes  tax_collection  tax_havens  tax_policy  teams  tech-mobile_phones  Tech/Culture  technical_assistance  technocracy  technology  technology_transfer  territory  terrorism  testing  theology  Tilly  trade  trade-agreements  trade-compensation  trade-policy  trade-policy_enforcement  trade-theory  trade_deficits  trade_finance  trading_companies  Trans-Pacific-Partnership  transaction_costs  translation  translatio_imperii  transnational_elites  transparency  transport  Trump  trust  UK_economy  UK_politics  UN  unemployment  UNESCO  unions  universalism  universal_language-English  universal_language-Latin  us  US-China  US-empire  uses_of_history  usuable_past  US_constitution  us_economy  us_foreign_policy  US_government  US_history  US_legal_system  us_military  us_politics  US_society  utilitarianism  value-chains  values  Veblen  video  violence  virtue_ethics  wages  warfare  wars  website  welfare_state  West_Indies  women-work  working_class  world  World_Bank  world_history  world_systems  WTO  wwi  wwii  YouTube 

Copy this bookmark:



description:


tags: