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Political Economy of Institutions, Democracy and Voting
by Norman Schofield Gonzalo CaballeroThis book presents the latest research in the field of Political Economy, dealing with the integration of economics and politics and the way institutions affect social decisions. The authors are eminent scholars from the U.S., Canada, Britain, Spain, Italy, Mexico and the Philippines. Many of them have been influenced by Nobel laureate Douglass North, who pioneered the new institutional social sciences, or by William H. Riker who contributed to the field of positive political theory. The book focuses on topics such as: case studies in institutional analysis; research on war and the formation of states; the analysis of corruption; new techniques for analyzing elections, involving game theory and empirical methods; comparing elections under plurality and proportional rule, and in developed and new democracies.
The Political Economy of International Agreements: A Collection of Essays (International Law and Economics)
by Florian Kiesow CortezThis volume analyzes international agreements from a political economy perspective. In four essays, it raises the question of whether domestic institutions help explain if countries join international agreements, and in case they do, what type of international organization they join. The book examines how specific democratic design elements channel and mediate domestic demands directed at politicians, and how under certain circumstances entering international agreements helps politicians navigate these demands to their benefit. The volume also distinguishes between different types of international instruments with a varying expected constraining effect upon member states, and empirically tests if this matters for incentives to join. The volume addresses scholars, students, and practitioners interested in a better understanding of how the shape of domestic institutions affects politicians’ incentives to enter into binding international agreements.
The Political Economy Of International Organizations: A Public Choice Approach
by Roland Vaubel Thomas D WillettThe idea for this volume was conceived by Frederick Praeger, founder of Westview Press, who asked Roland Vaubel if he would put together a collection of chapters on the public choice approach to the study of international organizations. Vaubel felt it would be useful to have a coeditor from the United States, and Thomas D. Willett enthusiastically agreed to take on these duties.
The Political Economy of International Relations
by Robert GilpinAfter the end of World War II, the United States, by far the dominant economic and military power at that time, joined with the surviving capitalist democracies to create an unprecedented institutional framework. By the 1980s many contended that these institutions--the General Agreement on Tariffs and Trade (now the World Trade Organization), the World Bank, and the International Monetary Fund--were threatened by growing economic nationalism in the United States, as demonstrated by increased trade protection and growing budget deficits. In this book, Robert Gilpin argues that American power had been essential for establishing these institutions, and waning American support threatened the basis of postwar cooperation and the great prosperity of the period. For Gilpin, a great power such as the United States is essential to fostering international cooperation. Exploring the relationship between politics and economics first highlighted by Adam Smith, Karl Marx, and other thinkers of the eighteenth and nineteenth centuries, Gilpin demonstrated the close ties between politics and economics in international relations, outlining the key role played by the creative use of power in the support of an institutional framework that created a world economy. Gilpin's exposition of the in.uence of politics on the international economy was a model of clarity, making the book the centerpiece of many courses in international political economy. At the beginning of the twenty-first century, when American support for international cooperation is once again in question, Gilpin's warnings about the risks of American unilateralism sound ever clearer.
The Political Economy of Intra-BRICS Cooperation: Challenges and Prospects (International Political Economy Series)
by Siphamandla ZondiThis book uses the idea of internal cohesion through intra-BRICS cooperation to make the argument that the next phase in the evolution of BRICS is to strengthen cooperation among BRICS countries in the implementation of decisions taken. There is a risk that what the BRICS promises and what it represents both in the eyes of its friends and foes might not materialise in the absence of central institutions. So, the book calls for the deepening intra-BRICS cooperation across all policy areas where there are already undertakings could help mitigate this risk.
The Political Economy of Investment in Syria (Studies In The Political Economy Of Public Policy)
by Linda MatarThe Political Economy of Investment in Syria.
The Political Economy of Investment in Syria (Studies in the Political Economy of Public Policy)
by Linda MatarLinda Matar examines Syria's failure to promote employment-generating investment prior to the uprising. Tackling the thorny issue of the inapplicability of modern investment theory to a developing country, she situates the analysis of investment in Syria in its historical context and examines the socioeconomic structure and political preconditions that set the course of capital accumulation. Matar argues that the class in charge of development, which oversaw the allocation of resources during the Hafiz and Bashar Assad regimes, precipitated a crisis of capital accumulation. Difficult-to-access data and information compiled from fieldwork reveal how neoliberal reforms failed to build productive capacity and instead enriched a few through short-term speculative and mercantile ventures. Productive investment in Syria prior to the uprising lurched downward, and the key related socio-economic variables followed. These deteriorating conditions contributed to the social explosion in 2011. Exploring the poor quality and quantity of investment, this study probes how the cant of the free market served as a veneer behind which the institutional decisions distorted income distribution in a way that would inevitably lead to collapse.
The Political Economy of Iran: Development, Revolution and Political Violence (Political Economy of Islam)
by Farhad Gohardani Zahra TizroThis study entails a theoretical reading of the Iranian modern history and follows an interdisciplinary agenda at the intersection of philosophy, psychoanalysis, economics, and politics and intends to offer a novel framework for the analysis of socio-economic development in Iran in the modern era. A brief review of Iranian modern history from the Constitutional Revolution to the Oil Nationalization Movement, the 1979 Islamic Revolution, and the recent Reformist and Green Movements demonstrates that Iranian people travelled full circle. This historical experience of socio-economic development revolving around the bitter question of “Why are we backward?” and its manifestation in perpetual socio-political instability and violence is the subject matter of this study. Michel Foucault’s conceived relation between the production of truth and production of wealth captures the essence of hypothesis offered in this study. Foucault (1980: 93–94) maintains that “In the last analysis, we must produce truth as we must produce wealth; indeed we must produce truth in order to produce wealth in the first place.” Based on a hybrid methodology combining hermeneutics of understanding and hermeneutics of suspicion, this monograph proposes that the failure to produce wealth has had particular roots in the failure in the production of truth and trust. At the heart of the proposed theoretical model is the following formula: the Iranian subject’s confused preference structure culminates in the formation of unstable coalitions which in turn leads to institutional failure, creating a chaotic social order and a turbulent history as experienced by the Iranian nation in the modern era. As such, the society oscillates between the chaotic states of socio-political anarchy emanating from irreconcilable differences between and within social assemblages and their affiliated hybrid forms of regimes of truth in the springs of freedom and repressive states of order in the winters of discontent. Each time, after the experience of chaos, the order is restored based on the emergence of a final arbiter (Iranian leviathan) as the evolved coping strategy for achieving conflict resolution. This highly volatile truth cycle produces the experience of socio-economic backwardness and violence. The explanatory power of the theoretical framework offered in the study exploring the relation between the production of truth, trust, and wealth is demonstrated via providing historical examples from strong events of Iranian modern history. The significant policy implications of the model are explored. This monograph will appeal to researchers, scholars, graduate students, policy makers and anyone interested in the Middle Eastern politics, Iran, development studies and political economy.
The Political Economy of Italy's Decline, First Edition
by Andrea Lorenzo CapusselaThe Political Economy of Italy's Decline argues that the deeper roots of the decline lie in the political economy of growth. It places emphasis on the country's convergence to the productivity frontier and the evolution of its social order and institutions to illuminate the origins and evolution of the current constraints to growth, using institutional economics and Schumpeterian growth theory to support its findings.
The Political Economy of Japanese Monetary Policy
by Thomas F. Cargill Michael M. Hutchison Takatoshi ItoThis book is about the formulation and execution of Japanese monetary policy within a broad political and institutional context. We explore the creation and the evolution of central banking in Japan, the institutional structure, how policy is formulated and how it has evolved in the face of Japan's changing domestic and international environment, and how policy is influenced by Japan's political institutions and by the Bank of Japan's formal and informal relationship with the Ministry of Finance. Our primary focus is on recent experience, especially since the collapse of the Bretton Woods system. Though we also discuss the historical record and the "high growth" with a fixed exchange rate in the period 1959-1971, the fundamental changes on the real and financial sides of the Japanese economy that have occurred in the past 20 years have done much to diminish the relevance of the previous periods to the present workings and policies of the Bank of Japan.
The Political Economy of Japanese Trade Policy (Critical Studies of the Asia-Pacific)
by Aurelia George Mulgan Masayoshi HonmaThe Political Economy of Japanese Trade Policy.
The Political Economy of Japanese Trade Policy (Critical Studies of the Asia-Pacific)
by Aurelia George Mulgan Masayoshi HonmaThis study provides up-to-date coverage of the most important domestic and external political and economic influences on Japanese trade policy, as well as the evolutionary dynamics of that policy in the post-war period.
A Political Economy of Justice
by Leah DowneyDefining a just economy in a tenuous social-political time. If we can agree that our current social-political moment is tenuous and unsustainable—and indeed, that may be the only thing we can agree on right now—then how do markets, governments, and people interact in this next era of the world? A Political Economy of Justice considers the strained state of our political economy in terms of where it can go from here. The contributors to this timely and essential volume look squarely at how normative and positive questions about political economy interact with each other—and from that beginning, how to chart a way forward to a just economy. A Political Economy of Justice collects fourteen essays from prominent scholars across the social sciences, each writing in one of three lanes: the measures of a just political economy; the role of firms; and the roles of institutions and governments. The result is a wholly original and urgent new benchmark for the next stage of our democracy.
A Political Economy of Justice
by Leah DowneyDefining a just economy in a tenuous social-political time. If we can agree that our current social-political moment is tenuous and unsustainable—and indeed, that may be the only thing we can agree on right now—then how do markets, governments, and people interact in this next era of the world? A Political Economy of Justice considers the strained state of our political economy in terms of where it can go from here. The contributors to this timely and essential volume look squarely at how normative and positive questions about political economy interact with each other—and from that beginning, how to chart a way forward to a just economy. A Political Economy of Justice collects fourteen essays from prominent scholars across the social sciences, each writing in one of three lanes: the measures of a just political economy; the role of firms; and the roles of institutions and governments. The result is a wholly original and urgent new benchmark for the next stage of our democracy.
A Political Economy of Justice
by Leah DowneyDefining a just economy in a tenuous social-political time. If we can agree that our current social-political moment is tenuous and unsustainable—and indeed, that may be the only thing we can agree on right now—then how do markets, governments, and people interact in this next era of the world? A Political Economy of Justice considers the strained state of our political economy in terms of where it can go from here. The contributors to this timely and essential volume look squarely at how normative and positive questions about political economy interact with each other—and from that beginning, how to chart a way forward to a just economy. A Political Economy of Justice collects fourteen essays from prominent scholars across the social sciences, each writing in one of three lanes: the measures of a just political economy; the role of firms; and the roles of institutions and governments. The result is a wholly original and urgent new benchmark for the next stage of our democracy.
The Political Economy of Kidnapping and Insecurity in Nigeria: Beyond News and Rumours (Advances in African Economic, Social and Political Development)
by J. Shola Omotola Samuel OyewoleProviding unique perspectives on one of the leading hotspots of kidnapping in the world, this book examines the political and socioeconomic dimensions of the causes, manifestations, and consequences of kidnapping in Nigeria, as well as some of the control measures that have been adopted at different levels of governance and their effectiveness. The topics covered in the volume include details on the framework of understanding kidnapping, the evolution of kidnapping from pre-colonial to post-colonial eras, and the relationship between ungoverned spaces and kidnapping in the country. The book further sheds light on kidnapping in the context of insurgent campaigns, with insights into oil-related militancy in the Niger Delta region, with the Islamist Boko Haram insurgency and terrorism in the Northern region of Nigeria. It discusses non-insurgent kidnapping, situating kidnapping in the contexts of banditry, ransoming, ritualism, baby factory, and human trafficking. Additionally,the volume analyses the emerging gender and transnational frontiers of kidnapping in Nigeria. Expanding the discussion on state responses, this book also looks into responses of non-state actors to kidnapping as well as negotiations in hostage crisis management. Finally, it examines other unique subjects, such as media coverage of kidnapping, and the consequences for Nigeria’s international image. The book will appeal to students, scholars, and researchers of political science, international relations, economics, sociology, history, law and business management in general, as well as African studies, security studies, criminology, peace and conflict studies, and geography and area studies. It will also be helpful for public policy-makers, African security experts and professionals, as well as business managers, risk analysists and insurance industry that are interested in a better understanding of kidnapping and associated political, social, economic, and security dynamicsin Nigeria and beyond.
The Political Economy Of Korea
by Jitendra UttamKorea's twin transitions - agrarian to industrial and industrial to post-industrial - transformed the country's political economy. Moving away from the traditional focus on aspects such as market, culture, and colonialism, the author argues that Korea's 'second state' was revitalized through the 'people's movement' and 'citizens movement'.
The Political Economy of Labour Market Institutions
by Gilles Saint-PaulAccording to most orthodox economists, labour market rigidities are the key culprit for such high unemployment as has been observed in Europe during the past three decades. But governments that have attempted to follow the standard prescription of removing rigidities have often faced harsh political opposition. This book looks at why labour market institutions such as employment protection, unemployment benefits, and relative wage rigidities exist, what role they play in society, why they seem so persistent, where the pressure to reform them comes from, and whether reform can be politically viable or not. The book ascribes a central role to the existence of underlying microeconomic frictions and to redistributive pressures between rich and poor, and shows how these ingredients may give rise to labour market rents, which in turn explain why a coherent set of rigidities arise as the outcome of the political process. It is also shown that, at the same time, such rents create resistance to reform, and contribute to locking society into a high-unemployment, rigid equilibrium. Finally, the basic principles exposed in the book are used to discuss various strategies for a successful labour marketer form.
The Political Economy of Land and Agrarian Development in Ethiopia: The Arssi Region since 1941 (Routledge Studies on the Political Economy of Africa)
by Ketebo Abdiyo EnseneLocated in central Ethiopia, the Arssi region is one of the most productive in Ethiopia yet it has so far been neglected by scholars. This book scrutinizes the rural development of Arssi by focusing on the Swedish supported experimental venture known as the Chilalo Agricultural Development Unit (CADU) and later as the Arssi Rural Development Unit (ARDU). <P><P>Ketebo Abdiyo Ensene investigates how effectively this strategy empowered the peasantry to change their farming techniques and produce beyond subsistence level. He also examines the accumulation of alienated land by the northern Ethiopian nobility through land grants, fake purchases, and other futile means of land grabs and the impact that this had on the native population. Finally, the book reassess the importance of the rural land reform of 1975 that followed the collapses of the imperial regime and argues that this was the most significant event in the history of agricultural development in Ethiopia. The assessment of the book in fact goes into the post-1991 period in relation with agrarian development. <P><P>The Political Economy of Land and Agrarian Development in Ethiopia will be of interest to scholars of Ethiopia, African Studies, economic history, political economy, development and agriculture.
The Political Economy of Latin America: Reflections on Neoliberalism and Development
by Peter KingstoneNeoliberalism has been at the centre of enormous controversy since its first appearance in Latin America in the early 1970s. Even neoliberalism’s strongest supporters concede that it has not lived up to its promises and that growth, poverty, and inequality all have performed considerably worse than hoped. This brief text offers an unbiased reflection on the neoliberal debate in Latin America and the institutional puzzle that underlies the region’s difficulties with democratization and development. In addition to providing an overview of this key element of the Latin American political economy, Peter Kingstone also advances an important but under-explored argument about political institutions. Kingstone offers a unique contribution by mapping out the problem of how to understand institutions, why they are created, and why Latin American ones function the way they do.
The Political Economy of Latin America: Reflections on Neoliberalism and Development after the Commodity Boom
by Peter KingstoneThis brief text offers an unbiased reflection on debates about neoliberalism and its alternatives in Latin America with an emphasis on the institutional puzzle that underlies the region’s difficulties with democratization and development. In addition to providing an overview of this key element of the Latin American political economy, Peter Kingstone also advances the argument that both state-led and market-led solutions depend on effective institutions, but little is known about how and why they emerge. Kingstone offers a unique contribution by mapping out the problem of how to understand institutions, why they are created, and why Latin American ones limit democratic development. This timely and thorough update includes:?? A fresh discussion of the commodity boom in the region and the resulting "Golden Era" in Latin America;? The recent explosion of social policy innovation and concerns about the durability of social reform after the boom;? A discussion of the knowledge economy and the limits to economic growth, with case studies of successful examples of fostering innovation.
The Political Economy of Latin America in the Postwar Period
by Laura RandallThe historic and increasing interdependence of the Latin American and U. S. economies makes an understanding of the political economies of Latin American nations particularly timely and important. After World War II, many nations initially implemented import substituting industrialization policies. Their outcomes, and the shift in policies, are related to the domestic policies and world economic conditions that led to government deficits, inflation, foreign borrowing, debt renegotiation, and renewed emphasis on common markets and other devices to stimulate trade and investment. In The Political Economy of Latin America in the Postwar Period, important policy measures are evaluated, such as indexation of prices and contracts; special provisions for financing the government through the Central Bank; stabilization; and deregulation of the economy. The introduction presents trends in Latin American growth and the factors that influence them. This is followed by parallel studies of the economic development of Argentina, Brazil, Chile, Cuba, Ecuador, Mexico, and Peru from 1945 to the mid-1990s. Noted experts bring their considerable experience to analyzing the content and impact of the economic theories that guided policymaking and their effects on output, income, and quality of life. The historic and increasing interdependence of the Latin American and U. S. economies makes an understanding of the political economies of Latin American nations particularly timely and important. After World War II, many nations initially implemented import substituting industrialization policies. Their outcomes, and the shift in policies, are related to the domestic policies and world economic conditions that led to government deficits, inflation, foreign borrowing, debt renegotiation, and renewed emphasis on common markets and other devices to stimulate trade and investment. In The Political Economy of Latin America in the Postwar Period, important policy measures are evaluated, such as indexation of prices and contracts; special provisions for financing the government through the Central Bank; stabilization; and deregulation of the economy. The introduction presents trends in Latin American growth and the factors that influence them. This is followed by parallel studies of the economic development of Argentina, Brazil, Chile, Cuba, Ecuador, Mexico, and Peru from 1945 to the mid-1990s. Noted experts bring their considerable experience to analyzing the content and impact of the economic theories that guided policymaking and their effects on output, income, and quality of life.
The Political Economy of Livelihoods in Contemporary Zimbabwe (Routledge Studies on the Political Economy of Africa)
by Kirk Helliker Manase Kudzai Chiweshe Sandra BhatasaraSince the introduction of the fast track land reform programme in 2000, Zimbabwe has undergone major economic and political shifts and these have had a profound impact on both urban and rural livelihoods. This book provides rich empirical studies that examine a range of multi-faceted and contested livelihoods within the context of systemic crises. Taking a broad political economy approach, the chapters advance a grounded and in-depth understanding of emerging and shifting livelihood processes, strategies and resilience that foregrounds agency at household level. Highlighting an emergent scholarship amongst young black scholars in Zimbabwe, and providing an understanding of how people and communities respond to socio-economic challenges, this book is an important read for scholars of African political economy, southern African studies and livelihoods.
The Political Economy of Lobbying: Channels of Influence and their Regulation (Studies in Public Choice #43)
by Karsten Mause Andreas PolkLobbying is not only the subject of ongoing, heated debates in politics and the public sphere but has also been a focus of the social sciences for decades. This edited volume provides an overview of the current state of research on lobbying from the perspective of Public Choice as a subfield of political science and economics. After a brief introduction to the field, Part I provides an overview of basic concepts and political-economic theories of lobbying from the standpoints of various subfields of Public Choice. Subsequently, Part II investigates the various channels used by interest groups to influence policymakers, such as party donations, informational lobbying, hiring politicians, etc. These chapters also discuss the possibilities and limits of regulating the respective channels. Lastly, Part III sheds light on lobbying in selected regions (i.e., the United States, European Union, Russia, and China).
The Political Economy of Low Carbon Resilient Development: Planning and implementation (Routledge Studies in Low Carbon Development)
by Susannah Fisher Neha RaiOver the last decade, policies and financing decisions aiming to support low carbon resilient development within the least developed countries have been implemented across several regions. Some governments are steered by international frameworks, such as the UN Framework Convention on Climate Change (UNFCCC), while others take their own approach to planning and implementing climate resilient actions. Within these diverse approaches however, there are unspoken assumptions and normative assessments of what the solutions to climate change are, who the most appropriate actors are and who should benefit from these actions. This book examines the political economy dynamics or the underlying values, knowledge, discourses, resources and power relationships behind decisions that support low carbon resilient development in the least developed countries. While much has been written on the politics of climate change, this book will focus on the political economy of national planning and the ways in which the least developed countries are moving from climate resilient planning to implementation. The book will use empirical evidence of low carbon resilient development planning in four countries: Bangladesh, Ethiopia, Rwanda and Nepal. Different approaches to low carbon resilience are critically analysed based on detailed analysis of key policy areas. This book will be of great interest to policy makers, practitioners’ students and scholars of climate change and sustainable development.