small states in world markets industrial policy in europe cornell studies in political economy

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Small States In World Markets

Author : Peter J. Katzenstein
ISBN : 9781501700354
Genre : Political Science
File Size : 64. 56 MB
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By the early 1980s the average American had a lower standard of living than the average Norwegian or Dane. Standards of living in the Netherlands, Belgium, Sweden, Switzerland, and Austria also rivaled those in the United States. How have seven small democracies achieved economic success and what can they teach America? In Small States in World Markets, Peter Katzenstein examines the successes of these economically vulnerable nations of Western Europe, showing that they have managed to stay economically competitive while at the same time preserving their political institutions. Too dependent on world trade to impose protection, and lacking the resources to transform their domestic industries, they have found a third solution. Their rapid and flexible response to market opportunity stems from what Katzenstein calls "democratic corporatism," a mixture of ideological consensus, centralized politics, and complex bargains among politicians, merest groups, and bureaucrats. Democratic corporatism is the solution these nations have developed in response to the economic crises of the 1930s and 1940s, the liberal international economy established after World War II, and the volatile markets of more recent years. Katzenstein maintains that democratic corporatism is an effective way of coping with a rapidly changing world, a more effective way than the United States and several other large industrial countries have yet managed to discover.

The Nordic States And European Unity

Author : Christine Ingebritsen
ISBN : 0801486599
Genre : Political Science
File Size : 83. 2 MB
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The idea of European unity, which the Nordic states have historically resisted, has recently become the foremost concern of Sweden, Denmark, Norway, Iceland, and Finland. Christine Ingebritsen provides a timely analysis of Nordic economic and security policies in the wake of the vast transformation of regional politics between 1985 and 1995. The Nordic States and European Unity addresses two central questions: Why did all five Nordic states trade autonomy for integration after 1985? And why do some follow the British pattern, resisting supranationalism, while others prefer the German strategy of embedding their policies in a common European project?Through extensive interviews with representatives of trade unions, government ministries, parliamentary committees, social movements, and military and industrial organizations, Ingebritsen charts adjustments to the idea of a regional system of governance. She highlights crucial differences among these nations as they seek to protect their borders against new security threats. In particular, Ingebritsen shows how the political influence of leading sectors affects each state's capacity to pursue an integrationist policy. Economic sectors are not uniformly affected by European policy coordination, and the experience of the Nordic states demonstrates this difference. Her work shifts the focus of political economics away from enduring, domestic institutions toward an understanding of institutions as sectoral and transnational.

Sovereign Wealth Funds And International Political Economy

Author : Manda Shemirani
ISBN : 9781317052142
Genre : Political Science
File Size : 66. 5 MB
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For the first time, Shemirani provides a systematic methodology for the study of Sovereign Wealth Funds (SWFs) over their life span and emphasizes the need for a paradigm shift in our approach towards the study of state capitalism. Applied in this book to the world's four largest SWFs - Government Pension Fund-Global of Norway, Abu Dhabi Investment Authority of the United Arab Emirates, Temasek of Singapore, and the National Wealth Fund of the Russian Federation, this methodology can also be applied to other funds or form a basis for further analytical studies of SWFs. In addition to its first hand approach, the book addresses concerns about the lack of transparency by offering insights into the functioning and investment strategies of the selected SWFs. Academics and students in international political economy, international finance and international business as well as financiers, business leaders, and policy makers, will find the subject and the approach of this book highly useful.

Capitalist Diversity On Europe S Periphery

Author : Dorothee Bohle
ISBN : 9780801465222
Genre : History
File Size : 49. 10 MB
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With the collapse of the Council for Mutual Economic Assistance in 1991, the Eastern European nations of the former socialist bloc had to figure out their newly capitalist future. Capitalism, they found, was not a single set of political-economic relations. Rather, they each had to decide what sort of capitalist nation to become. In Capitalist Diversity on Europe's Periphery, Dorothee Bohle and Béla Geskovits trace the form that capitalism took in each country, the assets and liabilities left behind by socialism, the transformational strategies embraced by political and technocratic elites, and the influence of transnational actors and institutions. They also evaluate the impact of three regional shocks: the recession of the early 1990s, the rolling global financial crisis that started in July 1997, and the political shocks that attended EU enlargement in 2004. Bohle and Greskovits show that the postsocialist states have established three basic variants of capitalist political economy: neoliberal, embedded neoliberal, and neocorporatist. The Baltic states followed a neoliberal prescription: low controls on capital, open markets, reduced provisions for social welfare. The larger states of central and eastern Europe (Poland, Hungary, and the Czech and Slovak republics) have used foreign investment to stimulate export industries but retained social welfare regimes and substantial government power to enforce industrial policy. Slovenia has proved to be an outlier, successfully mixing competitive industries and neocorporatist social inclusion. Bohle and Greskovits also describe the political contention over such arrangements in Romania, Bulgaria, and Croatia. A highly original and theoretically sophisticated typology of capitalism in postsocialist Europe, this book is unique in the breadth and depth of its conceptually coherent and empirically rich comparative analysis.

Small States And International Security

Author : Clive Archer
ISBN : 9781317755357
Genre : Political Science
File Size : 85. 98 MB
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This book explains what ‘small’ states are and explores their current security challenges, in general terms and through specific examples. It reflects the shift from traditional security definitions emphasizing defence and armaments, to new security concerns such as economic, societal and environmental security where institutional cooperation looms larger. These complex issues, linked with traditional power relations and new types of actors, need to be tackled with due regard to democracy and good governance. Key policy challenges for small states are examined and applied in the regional case studies. The book deals mainly with the current experience and recent past of such states but also offers insights for their future policies. Although many of the states covered are European, the study also includes African, Caribbean and Asian small states. Their particular interest and relevance is outlined, as is the connection between their security challenges and their smallness. Policy lessons for other states are then sought. The book is the first in-depth, multi-continent study of security as an aspect of small state governance today. It is novel in placing the security dilemmas of small states in the context of wider ideas on international and institutional change, and in dealing with non-European states and regions.

Varieties Of Capitalism

Author : Peter A. Hall
ISBN : 9780191647703
Genre : Business & Economics
File Size : 35. 7 MB
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What are the most fundamental differences among the political economies of the developed world? How do national institutional differences condition economic performance, public policy, and social well-being? Will they survive the pressures for convergence generated by globalization and technological change? These have long been central questions in comparative political economy. This book provides a new and coherent set of answers to them. Building on the new economics of organization, the authors develop an important new theory about which differences among national political economies are most significant for economic policy and performance. Drawing on a distinction between 'liberal' and 'coordinated' market economies, they argue that there is more than one path to economic success. Nations need not converge to a single Anglo-American model. They develop a new theory of 'comparative institutionaladvantage' that transforms our understanding of international trade, offers new explanations for the response of firms and nations to the challenges of globalization, and provides a new theory of national interest to explain the conduct of nations in international relations. The analysis brings the firm back into the centre of comparative political economy. It provides new perspectives on economic and social policy-making that illuminate the role of business in the development of the welfare state and the dilemmas facing those who make economic policy in the contemporary world. Emphasizing the 'institutional complementarities' that link labour relations, corporate finance, and national legal systems, the authors bring interdisciplinary perspectives to bear on issues of strategic management, economic performance, and institutional change. This pathbreaking work sets new agendas in the study of comparative political economy. As such, it will be of value to academics and graduate students in economics, business, and political science, as well as to many others with interests in international relations, social policy-making, and the law.

The Oxford Handbook Of Asian Business Systems

Author : Michael A. Witt
ISBN : 9780191626555
Genre : Business & Economics
File Size : 77. 56 MB
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Much of the existing literature within the "varieties of capitalism" (VOC) and "comparative business systems" fields of research is heavily focused on Europe, Japan, and the Anglo-Saxon nations. As a result, the field has yet to produce a detailed empirical picture of the institutional structures of most Asian nations and to explore to what extent existing theory applies to the Asian context. The Oxford Handbook of Asian Business Systems aims to address this imbalance by exploring the shape and consequences of institutional variations across the political economies of different societies within Asia. Drawing on the deep knowledge of 31 leading experts, this book presents an empirical, comparative institutional analysis of 13 major Asian business systems between India and Japan. To aid comparison, each country chapter follows the same consistent outline. Complementing the country chapters are eleven contributions examining major themes across the region in comparative perspective and linking the empirical picture to existing theory on these themes. A further three chapters provide perspectives on the influence of history and institutional change. The concluding chapters spell out the implications of all these chapters for scholars in the field and for business practitioners in Asia. The Handbook is a major reference work for scholars researching the causes of success and failure in international business in Asia.

Switzerland In Europe

Author : Christine Trampusch
ISBN : 9781136815027
Genre : Political Science
File Size : 44. 13 MB
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The book provides the first systematic overview of Swiss political economy in comparative perspective. It provides an analysis of major socio-economic institutions, economic actors, economic and social policies, and political institutions and their recent changes.

Anti Americanisms In World Politics

Author : Peter J. Katzenstein
ISBN : 0801473519
Genre : History
File Size : 86. 13 MB
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A distinguished group of experts, including historians, polling data analysts, political scientists, anthropologists, and sociologists, to explore global anti-Americanism in depth, using both qualitative and quantitative methods.

Business And Government

Author : David Coen
ISBN : 386649033X
Genre : Political Science
File Size : 59. 24 MB
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This volume reviews current debates on the role of business in politics and it assesses emerging methodological approaches to its study. The book brings together leading scholars to assess various qualitative and quantitative methods, network analysis, historical context and positive rational choice modeling, and detailed research case studies in the study of Business-Government relations. Businesses have developed an increasingly sophisticated appreciation of the policy process, as well as an ability to develop complex strategies to influence it over the last 30 years. This volume reviews current debates on the role of business in politics and it assesses emerging methodological approaches to its study. The book brings together qualitative and quantitative methods, network analysis, historical context and positive rational choice modeling, and detailed research case studies. There is coverage of the environment in which business operates, including state, regional and international institutional frameworks. The internal organizational structure of business interests is considered along with the range of strategies used to influence the policy process. The book explores what policy-makers demand and what business supplies to the policy process. The key role of the firm as a political actor is emphasized, leading to a call for a theoretically informed political economy of the firm. The editors: Dr David Coen, Senior Lecturer in Public Policy, Director of Msc in Public Policy, School of Public Policy, University College London Professor Wyn Grant, Professor of Politics, Department of Politics and International Studies, University of Warwick The contributors: Andreas Broscheid, University of North Carolina - Pembroke David Coen, University College London Wyn Grant, Warwick University Cathie Jo Martin, Boston University Volker Schneider, University of Konstanz, Germany Graham K. Wilson University of Wisconsin - Madison

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