Search

Evolutionary economics gained acceptance for the study of industrialized countries during the 1990s but has, as yet, contributed little to the study of world income inequality. The expert contributors gathered here approach underdevelopment and inequality from different evolutionary perspectives. It is argued that the Schumpeterian processes of'creative destruction'may take the form of wealth creation in one part of the globe and wealth destruction in another. Case studies explore and analyse the successful 19th century policies that allowed Germany and the United States to catch up with the UK and these are contrasted with two other case studies exploring the deindustrialization and falling real wages in Peru and Mongolia during the 1990s. The case studies and thematic papers together explore, identify and explain the mechanisms which cause economic inequality. Some papers point to why the present form of globalization increases poverty in many Third World nations. Members of the anti-globalization movement will find the explanations given in this book insightful, as will employees of international organizations due to the important policy messages. The theoretical interest within the book will appeal to development economists and evolutionary economists, and policymakers and politicians will find the explanations of the present failure of many small nations in the periphery invaluable.

This unique and fascinating book illustrates that the'credit crunch'and the ensuing financial and economic crisis of 2007-2009 did not only strike hard at the economy in the Western world, but also at its policymakers, at economics as a scientific discipline and, more specifically, at the process of European integration itself. In a series of theoretical and empirical papers, the expert contributors discuss the impact of the financial crisis on European integration in detail, considering issues including governance, sovereign debt crises, global economic imbalances, and post-crisis perspectives from Central and East European countries. The conclusion is that there is an urgent need for political integration in Europe as a necessary tool to facilitate economic integration. This book will prove invaluable to both academics and practitioners with a special interest in the economics of European integration, international financial markets, economics and international business. Contributors include: F.C. Bagliano, H. Berger, N.D. Coniglio, P. De Grauwe, S. Dumitrescu, M. Heipertz, A. Horobet, D. Ioannou, A.M. Lejour, J. Lewis, J. Lukkezen, K.-S. Lee, C. Morana, V. Nitsch, M. Pirovano, F. Prota, Z. Qian, S. Sarisoy Guerin, A. Van Poeck, J. Vanneste, P. Veenendaal

In this, his final book, Gavin Boyd has brought together a distinguished group of experts on the nature and extent of transatlantic policy coordination and its implication for corporate strategy. This remarkably relevant set of papers offers a discussion on the economic and financial linkage between Europe and North America, as well as the trade and investment rules governing this interaction.The complexities of the transatlantic relationship are analyzed in chapters dealing with: financial integration, transfer of knowledge and technology, transatlantic trade and corporate partnership, transatlantic trade and investment links, simultaneous intra-regional as well as transatlantic trade and the implications for antitrust policy of the activities of multinational enterprises, structural positioning and macroeconomic policy coordination, international interdependence and the role of entrepreneurship, and the reform of international financial markets.Exploring growing transatlantic trade and investment linkages within their institutional contexts, this timely book will be invaluable to academics and researchers with an interest in international business and international economics. Practicing trade lawyers and policymakers will also find the book to be a fascinating read.

This insightful book investigates the evolution of the European and global economy from the 1950s to the present day, focusing on the role of the EU in a new global environment where economy and security intersect.Multiple crises such as the COVID-19 pandemic, rising inflation and international conflict have damaged the global economy, highlighting deep structural flaws and setting in motion the ongoing process of fragmentation. Sovereign Europe investigates this phenomenon by summarising the history of Europe's international economic role, before outlining the economic opportunities now available to Europe as a result of simultaneous environmental and digital transitions. Authors Paolo Guerrieri and Pier Carlo Padoan assess Europe's position in the new world order, exploring its rivalry with China and relations with the Global South, arguing that in order for Europe to foster a stronger position in the global economy, it needs far more resources and policy tools than are at its current disposal.Recognising the challenges economic sovereignty and strategic autonomy present, this book which follows an international political economy approach, is an illuminating read for students and scholars of economics, international relations, and European politics and integration. It is also of interest to practitioners and policymakers working in both national and international politics.

Foreign Exchange Constraint and Developing Economies addresses the complex nature of foreign exchange constraint for macroeconomic and social development. The book collects expertise and perspectives from a diverse set of contributions. Using a combination of innovative theoretical and empirical approaches, the book suggests several analytical frameworks to help advance academic research and policy work on foreign exchange and sustainable development.Chapters explore how trends in exchange rates, currency dynamics and international capital markets impact development models of primarily small open economies. The problems of global capital flows affected by the COVID-19 pandemic are also reviewed. The book presents analyses of both country-level and regional patterns and discusses broader implications for emerging markets. Exploring urgent questions for academic and policy agendas, this will be an important read for economists and researchers working on the topics of economic development, international economics, open economy, exchange rate management, sovereign debt, central banking, and monetary policy. Applied economists and policymakers will also find this a meaningful resource.

Foreign Exchange Constraint and Developing Economies addresses the complex nature of foreign exchange constraint for macroeconomic and social development. The book collects expertise and perspectives from a diverse set of contributions. Using a combination of innovative theoretical and empirical approaches, the book suggests several analytical frameworks to help advance academic research and policy work on foreign exchange and sustainable development.Chapters explore how trends in exchange rates, currency dynamics and international capital markets impact development models of primarily small open economies. The problems of global capital flows affected by the COVID-19 pandemic are also reviewed. The book presents analyses of both country-level and regional patterns and discusses broader implications for emerging markets. Exploring urgent questions for academic and policy agendas, this will be an important read for economists and researchers working on the topics of economic development, international economics, open economy, exchange rate management, sovereign debt, central banking, and monetary policy. Applied economists and policymakers will also find this a meaningful resource.

This comprehensive Companion analyses the relevance of the OECD as a transnational policy maker, idea broker and standard setter. Bringing together diverse disciplines and methodologies, it establishes the influence of the OECD on modern understandings of governance.Through scholarly reviews and original empirical analyses, this Companion covers the evolution and structure of the OECD, its role in transnational policy making and its domestic impact. It consolidates work from disciplines including economics, social policy, history, international relations and legal studies to critically analyse the concepts, methods and tools of governance in global policy making. Contributors explore the comparative impact of the OECD in developed and developing countries, the OECD's work in various policy sectors and emerging issues on the OECD's agenda such as governance reform, cyber-security and sustainability. Ultimately, the Companion advances inter-disciplinary knowledge of the OECD's methods of governance and position in global politics.Providing in-depth insight on the structure and impact of the OECD, The Elgar Companion to the OECD will be an authoritative and original reference text for scholars and students of global governance, international relations, political economy and public policy. It will also be essential reading for practitioners seeking to better understand modern global governance and public policy.

In this incisive fifth edition of Financial Crises and Recession in the Global Economy, Roy E. Allen examines the major financial instabilities, crises, and evolutionary trends since the 1970s and through the recent Covid-19 pandemic. Providing empirical research on the relation between money and the real economy, Allen explains how key financial variables are driven more by psychological and social constructs than is commonly understood and discusses how monetary wealth transfers in the context of what he terms ‘US money mercantilism'have favored the US dollar ‘core'of the global system. Chapters go on to explore the continuing globalization of financial markets, including further innovations in information-processing technology, government deregulation, new uses and forms of money, and emerging financial products and markets. Allen elaborates on the political economy of financial crises and further advances his human ecology economics framework to help guide research and policymaking in the future. Explaining why large-scale financial instabilities occur and how they might be better managed and avoided, this thoroughly revised fifth edition will be an essential resource for students and scholars of international economics, macroeconomics, international finance, and international political economy. Its critical insights on how the international system continues to evolve will also help inform policymakers'responses to financial crises.

This Modern Guide presents a comprehensive synthesis of contemporary thought on the informal economy, which, as the author demonstrates – far from being a peripheral feature of the global economy – is a system in which the majority of the global workforce are employed and which has pervasive detrimental effects. Formalising it is therefore a priority for most governments. Employing theoretical and empirical methodologies, Colin C. Williams explores the latest research on methods of understanding and measuring the informal economy in its various forms, and discusses the rationale behind its participants. Its rigorous discussion of the need to shift away from solely using tools that punish the practice and towards aligning social norms with the regulations of formal institutions is complemented by a rich analysis of how jobs and enterprises across the world can be encouraged to make the transition towards formalism. Incentives, education and reform are among the strategies advocated in this Modern Guide's compelling and lucid roadmap for the transition to formality.An invaluable resource for policymakers involved in tax, social security and labour policies, belonging to both governments and supra-national institutions, the book will also be valuable for academics and researchers in sociology, economics and business studies, especially those with an interest in taxation, industrial relations, entrepreneurship and labour economics.

In the second edition of his Global Political Economy, thoroughly revised, David Reisman reexamines the ideological and material underpinnings of the international order in the light of recent research and developments.Taking belief systems such as liberalism, socialism and nationalism as his way into current controversies and debates, he suggests ways in which the conflicting positions can be reconciled. The book ranges widely, from the role of the superpower hegemon and the international organisations to competing currencies, trade agreements, regional pacts, transnational corporations, intellectual property rights and the less developed countries. Global Political Economy is an impartial, multidisciplinary and comprehensive analysis of the lines of force that are pulling the world together even as they are drawing it apart.Offering an insightful picture of economic unions and international trade, this book will be essential reading for students and scholars of economics and finance, global political economy, international relations, and public policy and politics.

Elgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary.With contributions from an international range of experts, this cutting-edge Research Agenda collates the most important and emerging research in the field to map out the new directions and promising paths ahead for the international political economy (IPE).Probing the most promising lines of research on the crucial inter-connections of globalization and socioeconomic inequality, the book opens with an investigation into our understanding of how externally generated financial, health, and migration crises affect political economic systems worldwide. Chapters explore fundamental changes in the nature of IPE, including those driven by technology, power transitions, the geography of trade, new foreign aid channels, and economic espionage. Rethinking the future research agenda for IPE, the book concludes by challenging the underlying ideas and perspectives that shape the thinking and scholarship of the field.Countering the deep-rooted western, white-male orientation of traditional IPE research with the alternative perspectives of decolonial and feminist ecological thinkers, this innovative Research Agenda will prove invaluable to students, scholars and policymakers concerned with the future of the international political economy.

This cutting-edge Handbook puts economic nationalism in its historical context, from early industrialization to globalization. It explores how economic nationalism has emerged to new prominence in the post-globalization era as states are trying to protect their economies, societies, and cultures from unwanted external influences. Drawing together contributors from a wide range of disciplines, the Handbook demonstrates the many ways in which nationalisms and national cultures affect and are affected by the economy, paying attention to the different contexts in which they emerge. Chapters consider key topics including economic nationalism and climate change, resource nationalism, economic nationalism in left-wing ideologies and far-right party discourse, and dimensions of economic nationalism in the US, Russia, India and Japan. Providing a comprehensive analysis of the historical, theoretical, and geographical dimensions of economic nationalism, this Handbook will be a key resource for scholars and students of political economy, international economics and the history of economic thought. Its use of case studies from a range of countries will also be beneficial for policy makers and practitioners in these fields.

In this timely book, Benjamin J. Cohen identifies and analyses a range of critical pathologies currently afflicting the field of international political economy (IPE) and offers remedies to restore the field's vitality. The book addresses the purpose of IPE as a field of study, highlighting the key questions posed by scholars since the modern field's inception, and explores how research seeks to engage with politics in practice.Tackling contemporary factionalism in the field, chapters consider IPE's remarkable diversity and fragmentation of research traditions across the globe and draw attention to the lack of clear methods and behavioural assumptions established as ‘best practice'internationally. To rejuvenate the field, Cohen argues, reforms are needed that would both encourage more policy engagement by IPE scholars and maximize opportunities to enjoy the benefits of the field's diversity. The book offers a cutting-edge research agenda, emphasising the need for collaboration across scholarly divides and the obligations of leading professional associations and societies to countervail the forces that keep these groups separated. A powerful critique and a rousing call-to-arms, this book is crucial reading for scholars of IPE in search of innovative ways to develop new research and revitalise the field as a whole. It also offers key insights for students who need to understand the challenges facing IPE and its potential research trajectories.

Asia has shown the world what success in economic development looks like. From the amazing transformations of Japan, the Republic of Korea, and the other ‘tigers'in the early 70s, to the more recent takeoffs of the People's Republic of China (PRC), India, and the leading economies in Southeast Asia, the region has prospered at a startling pace. Technologies were adopted, productivity raised, and export markets conquered. Billions were lifted out of poverty. What was once a backwater is now a global engine of growth.That roaring progress was, however, fueled by a lesser-known factor: borrowing. Governments, corporations, and households financed their path to prosperity with debt—lots of debt. Today, the volume of debt hanging over Asian economies is huge, in both absolute and relative terms. It was growing fast before the pandemic and is projected to grow even faster because of it. Demography is bound to make matters worse in the long term. How sustainable is this? What should policy makers do to keep Asia's finances stable? Should markets worry? These are the core questions of this book. Through a collection of chapters by renowned experts, a diagnosis of Asia's debt accumulation is offered. The approach is both country- and issue-driven, so both idiosyncratic and common elements can be identified. Matters like Japan's social insurance promises, the PRC's state-owned enterprises, the Pacific islands'aid dependency, and the saving habits of households in the Republic of Korea are dissected. As are trends that are present across countries, such as population aging, shrinking fiscal space, and contingent liabilities. This allows for a deeper understanding of what makes borrowing sustainable—or not. And it leads directly into policy recommendations, especially those involving the use of new financial instruments.The final product is a book whose comprehensiveness and practicality are unprecedented in the field. It will be equally invaluable for governments, investors, and scholars in Asia and beyond.

This Handbook collects a set of academic and accessible chapters to address three questions: What should real estate economists know about macroeconomics? What should macroeconomists know about real estate? What should readers know about the interaction between real estate and macroeconomics? Content is focused on four widely discussed themes: real estate-related wealth and macroeconomics, housing price dynamics and affordability, financial crises and structural change, and non-residential real estate. The chapter authors, active researchers from around the world, present evidence from various countries and datasets that are of interest to audiences across the globe, summarize insights from previous research and shed light on current issues.The Handbook of Real Estate and Macroeconomics assists researchers on the big picture as well as a hot spots in frontier research, and facilitates worldwide policy discussions and analysis for practitioners in financial markets, corporate economists, and policy analysts in governments and NGOs.

This textbook offers a comprehensive analysis of traditional and newly emerging challenges affecting international logistics management from practical, theoretical and policy perspectives. Principles of International Logistics provides an in-depth exploration of the role of intermodal transportation, and the policy-oriented issues of market liberalization, regulatory policies, quality of institutions and supply chain orientation.Key Features:Detailed discussion of the role of the different modes of transport including air, land and maritime transportationEvaluation of international logistics and its economic significance, giving students a strong understanding of the basic principles of logisticsPractically-oriented examples and cases drawn from developed and developing countries in Asia, Europe, South America and Africa to allow students to apply their knowledge in practiceCoverage of new and emerging international issues such as new technologies and their application to logistics, placing traditional logistics concepts into modern contextPrinciples of International Logistics will be an essential text for undergraduate students of international logistics, logistics management and global supply chains, and an excellent supplementary text for those studying operations and supply chain management more broadly.

Elgar Research Agendas outline the future of research in a given area. Leading scholars are given the space to explore their subject in provocative ways, and map out the potential directions of travel. They are relevant but also visionary.This timely Research Agenda provides a state-of-the-art review of existing research on manufacturing, as well as highlighting key areas of study to advance the field. Expert contributors from across the globe analyse the central role of manufacturing industries in the global economy, considering it as a multi-scalar process and assessing the impact of climate change in necessitating the decarbonization of production processes.Chapters identify and explore disruptive innovations in production technologies, including additive manufacturing, and their implications for future research. The book further highlights megatrends in automotive, electronics and emerging industries, including small and medium-sized manufacturing enterprises, Asian electronics production networks, global production networks, and operations and supply chain management. It develops a framework for accessing corporate elites and for guiding the process of undertaking qualitative semi-structured interviews.This Research Agenda will be a critical collection for economic geography, urban studies, city and regional planning, and business and management studies scholars seeking a forward-looking approach to the topic. It will also be useful to policymakers and practitioners working in regional economic development and planning.

This volume presents thirteen chapters prepared by senior researchers and former policy makers on key policy issues confronting China and the West. They focus on the role of the state in economic development, trade issues and the part played by innovation, digitalization and leadership.In a challenging and rapidly changing world, the book aims to provide not only authoritative analyses and perspectives, but to stimulate further thinking and debates about the common future. Each chapter is in the form of a short policy brief.China and the West is aimed for policy makers, business leaders, academics and students.

Peter van Bergeijk brings together 40 leading experts from all continents to analyze state-of-the-art data covering the sharp increase in (smart) sanctions in the last decade. Original chapters provide detailed analyses on the determinants of sanction success and failure, complemented with innovative research on the impact of sanctions.This timely Research Handbook provides both a thorough discussion of methodology as well as evidence-based policy advice on the efficient application of boycotts, embargoes, and targeted sanctions, including trade, travel and financial sanctions. The use of case studies from Cuba, Iran, North Korea and Russia illustrate developments and demonstrate new methods, including stochastic frontier analysis, comparative quantitative analysis and meta-analysis.Providing crucial information, this Research Handbook will be an excellent resource for academic researchers in international political economy and international relations as well as policy makers within national and global institutions. It will also provide obligatory reading for students also studying within these fields.

The second edition of The Political Economy of Iraq is as comprehensive and accessible as the first with updated data and analysis. Frank R. Gunter discusses in detail how the convergence of the ISIS insurgency, collapse in oil prices, and massive youth unemployment produced a serious political crisis in 2020. This work ends with a discussion of key policy decisions that will determine Iraq's future.This volume will be a valuable resource for anyone with a professional, business, or academic interest in the post-2003 political economy of Iraq.

This insightful book examines the growing role of China on the global stage by gauging the varying reactions of international spectators to Beijing's hugely significant Belt and Road Initiative. Featuring detailed studies of key geologistical projects, Peter Rimmer charts the swift transformation of China's domestic logistics systems into a global geologistics policy.Analyses of major international logistical projects, from the Great Stone Industrial Park of Belarus, through the ports of Gwadar, Piraeus, Darwin and Sabetta to the Nicaragua Canal, illustrate the global impact of China's geologistical developments and how key logistics skills are exported through the Silk Road Economic Belt and the 21st Century Maritime Silk Road. This book distils China's global logistics developments into three basic models - the transcontinental, the reverse and the classic - to reflect upon the effects of the first five years of the Belt and Road Initiative. Laced with detailed empirical studies and an array of illustrative maps, Rimmer assesses the domestic impact of the Initiative thus far and offers an astute appraisal of the imperial connotations of Beijing's global logistical project.This enlightening book provides crucial insights for academics and researchers in political science, transport studies and economics investigating China's recent policy initiatives, particularly those who examine the impact of geologistics. Policymakers and commentators will also benefit from the author's unique empirical insight into global logistics development.

This fascinating book investigates the strategic importance of the production and dissemination of expertise in the activities of the international organizations (IOs) that have come to symbolize the dominance of the Western political and economic order. Analyzing IOs as semi-autonomous policy agenda shapers, chapters explore how they use economic frameworks to interpret the'problems'and'solutions'of wider, non-economic policy domains. Examining a diverse range of policy domains, such as education, global care chains, chemical safety, and participatory development, this book illustrates the knowledge authority of IOs on a micro-political scale, revealing the routes and trajectories of international power. Featuring contributions from experts in the field of agenda shaping and international politics, this book is critical reading for political scientists and researchers exploring the growing influence of IOs around the world. Policymakers will also benefit from its insights into the micro-politics of IO policy agendas. Contributors include: D. Dolowitz, C. Fontdevila, E. Fouilleux, V. Gayon, S. Grek, M. Hadjiisky, R. Mahon, S. Maire, A. Martin, O. Nay, R. Normand, L.A. Pal, D. Stone, A. Verger

Economics is business, and politics is power. In this insightful book, David Reisman explores the interaction between authority and exchange in a global village where individual nation states - once the pinnacle of political organisation - increasingly depend on each other for their material well-being. Taking a transnational and impartial perspective, the author builds a comprehensive and intricate narrative. He dissects the emergence of the contemporary global economy and explains its impact on the sovereignty and strength of nations. Reisman explores the ways in which liberals, socialists and nationalists can reach a viable consensus in a new social order where the national interest must be the global interest as well. Offering authoritative, integrated and critical guidance to a topic that is of ever greater importance, this book is crucial reading for students of global political economy and international politics.

How can financial flows help the EU fulfil its mandate to promote economic, social and territorial cohesion, and solidarity among Member States enshrined in the EU Treaty? Dissecting the complexity of cohesion, this book examines the factors that matter most for the functioning of the Economic and Monetary Union and the convergence of Central, Eastern and Southeastern European (CESEE) countries. This insightful and timely book brings together central bankers, policy makers and academics to discuss how to best advance and fund the catching-up process of the euro area and CESEE countries. Focusing on a modern understanding of industrial policy - which fosters skills, innovation and infrastructure - contributors highlight how the EU's regional policy can better meet persistent investments needs. Critical and comprehensive, this book is crucial reading for researchers at all levels focusing on policy reform in emerging European economies. Central bankers and policy experts in public or international organizations will also benefit from this book's contemporary perspective on monetary and industrial policies.

Providing critical insight into the globalization of product conception, production, marketing and distribution, this Handbook comprehensively explores the functioning of global value chains (GVCs) and how they shape the global economy. It provides theoretical, analytical and empirically based policy-relevant tools to understand international production and trade in the modern global economy. Written by a multidisciplinary group of leading scholars, this Handbook offers expert guidance on GVC analysis and the relationship between GVCs and governance, power relations, gender, upgrading and international development. The contributors also provide insight into strategy, innovation and learning, highlighting the dynamism and resilience of GVCs, and critically reflect on how GVCs affect inequality and the nature of work and production. Comprising empirically rich and innovative research, this Handbook will be critical reading for advanced undergraduate and master's level students interested in international business, global industries, sustainable development and the governance of global production systems. Academics researching and teaching in these fields will also benefit from this book's broad and comprehensive approach to GVC analysis.

China and the United States are at a crossroads. While their shared interest in economic prosperity and complementary economic strengths provide the common ground for industrial collaboration, there are increasing conflicts being brought on by increased attention to economic facets of national security. Economic Security and Sino-American Relations explores the evolving security agendas in the United States and China, examining the basis, nature and impact of evolving economic security agendas in both countries. Providing a framework for the analysis and consideration of the impact of economic security on industrial policy, this book looks at Sino-American industrial relations in terms of production relations, technology ties and structural integration. Examining how American and Chinese authorities are balancing conflicting economic security objectives as they pursue their complex policy agendas, as well as considering the basis of American and Chinese approaches to security, Kenneth Boutin shows how national and comprehensive economic security concerns are influencing Sino-American industrial relations. This book will be of interest to scholars of Sino-American relations and the political economy of security, as well as to students and scholars of international relations more generally.

An excellent guide for understanding the trends, challenges and opportunities facing China through globalization, this Handbook answers the pertinent questions regarding the globalization process and China's influence on the world. With contributions from leading experts and international researchers, each chapter covers key topics regarding China's participation in globalization, including: China's new role in global economic governance; outward direct investment; China's soft power and the implications for foreign relations; global migration, diaspora and talent. An enriching range of case studies and extensive empirical research are used to explore the successes and failures of globalization in China, and to discuss the dilemmas facing decision makers in today's globalized world. A major contribution to the field, this Handbook offers valuable insights to China's often misunderstood globalization process. An essential reference for academics and researchers looking for a go-to empirical resource, this Handbook provides scholars of economics, politics and East Asian studies with an exemplary selection of contemporary research on China and globalization. Contributors: G. Arboit, L. Baker, J. Chaisse, G. Chance, Y. Chu, T.W. Cline, E. de Diego, T. Fang, Y. Feng, B. Gao, Z. Gao, Y. He, M.-h. Huang, W. Jiang, H. Karoui, D.L.-H. Ke, W. Li, B. Liang, G.Y. Liang, L. Lo, J. Lu, L. Miao, J.O. Moeller, M. Pinho, F. Qin, G. Quinlivan, S. Shih, R. Singh, Y. Tan, F. Wang, H. Wang, L. Yan, H. Zhao, W. Zhao, Z. Zhu, D. Zweig

Thoroughly updated and substantially extended, this internationally successful text explores transnational corporations (TNCs), their activities and effects, as well as the theories developed to explain them. Invaluable for courses as well as researchers in international business, international economics, globalization, international relations, economic geography and history of economic thought on the TNCs. Key features of this edition: A unique critical analysis of all the theories of TNCs in their historical context and with insightful commentaries at the end of each chapter, now extended to cover network theory and dynamic capabilities theory Clear exposition of concepts on the evolution and the activities of TNCs Analysis of effects of TNCs'activities on: innovation; labour; trade; balance of payments and the fiscal revenue of countries Discussions on new topics such as the digital TNCs and global value chains A contribution to the history of economic thought on the TNC Summary boxes as well as suggestions for further reading within each chapter give opportunities for discussion and extended learning. Ideal for advanced bachelors and masters courses in international business, economics, international relations, globalization and economic geography as well as the history of economic thought, Transnational Corporations and International Production is an essential text for appreciating the evolution, explanations and impact of TNCs in a globalised world.

Acclaim for previous edition:'Benjamin J. Cohen's Advanced Introduction to International Political Economy evaluates the fragmented intellectual landscape of international political economy and suggests points of convergence, if not integration, among its varied elements. His analysis is wide-ranging and balanced, geographically and in its examination of a variety of standpoints; it is engaging in its combination of sympathy and criticism. All advanced students of the field will benefit from reading it.'- Robert O. Keohane, Princeton University, US Elgar Advanced Introductions are stimulating and thoughtful introductions to major fields in the social sciences and law, expertly written by the world's leading scholars. Designed to be accessible yet rigorous, they offer concise and lucid surveys of the substantive and policy issues associated with discrete subject areas. Now in its second edition, Benjamin J. Cohen's introduction provides a comprehensive and up-to-date global survey of the field of international political economy. With detailed discussions regarding the divergent paths of different schools of thought in the field, this unique guide explores the links between contending factions. This Advanced Introduction gives students access to the multiple analytical styles and traditions of all perspectives in this rich field of study. Key features of the second edition: • Concise introduction to the field in an accessible, non-technical form updated with the most recent discussions in IPE• Further in depth analysis of the most established American and British schools of IPE• Extended discussion of other key regions contributing to IPE, including Continental Europe, Latin America, Australia, Canada and China. Written in a concise and dynamic style, this Advanced Introduction serves as a thoughtful entry point text for advanced undergraduate and graduate students, as well as being an excellent go-to resource for scholars specializing in international political economy.

Examining the processes, evolution and consequences of China's rapid integration into the global economy, this Handbook highlights how China's role is ever increasing in prominence. The systematic structure offers an overview of the scope of China's global economic activities, with leading international scholars evaluating key theoretical debates and providing comprehensive coverage on all areas of international political economy. Chapters explore the behaviour, interests and motivations underlying China's international economic initiatives. The influence of both domestic and international politics is also discussed in terms of the country's global economic footprint. Through analyses of international economic engagements in areas such as trade, investment, finance, sustainable development and global economic governance, chapters give their assessment on the IPE of China and reveal how China's role on the political and economic stage is evolving. A much-needed reference for students and scholars of Chinese foreign policy, IPE and Asian studies, this Handbook enriches our understanding of the domestic and international contexts of China's global economic trajectory. Contributors: P. Andrews-Speed, M. Beeson, A. Berger, J.-M.F. Blanchard, P. Bowles, D. Di, A.D. Dixon, A. Fuchs, M.D. Harpaz, A. He, Y. Jiang, Y.-w.V. Li, W. Liang, B.K. MacLean, A. Malkin, D. McDowell, S. Meunier, B. Momani, B. Naughton, M. Pearson, X. Ren, M. Rudyak, B. Sheng, Y. Tu, M. Wan, J. Wang, X. Wang, S. Xu, P.K. Yu, K. Zeng, H. Zhang, Y. Zheng

Processes of globalization have changed the world in many, often fundamental, ways. Increasingly these processes are being debated and contested. This Handbook offers a timely, rich and critical panorama of these multifaceted developments from a geographical perspective. This Handbook explores the myriad of ways in which differing cross-border flows - of people, goods, services, capital, information, pollution and cultures - have (re)shaped concrete places across the globe and how these places, in turn, shape those flows. With original contributions from worldwide leading scholars, the Handbook positions globalization in a broader historical perspective, presenting a variety of geographical examples so that readers can better understand these processes. Regional studies and economic and human geography scholars will find this an invaluable resource for exploring the key topics of the geographies of globalization. Lecturers and advanced students will also find the detailed case studies useful to help explain the fundamental concepts outlined in the book.Contributors include: P.C. Adams, A.-L. Amilhat Szary, D. Arnold, D. Bassens, S. Choo, K.R. Cox, E. Currid-Halkett, S. Dalby, E. dell'Agnese, B. Derudder, T. Fogelman, C. Gaffney, J. Gupta, M. Hesse, R. Horner, S. Huang, A. Isaksen, A.E.G. Jonas, A. Jones, J.M. Kleibert, R.C. Kloosterman, R. Koetsenruijter, T. Lam, J. Luukkonen, V. Mamadouh, V. Mazzucato, E. McDonough, B. Miller, S. Moisio, M. Müller, B. Oomen, S. Park, M.W. Rosenberg, J.W. Scott, M. Sparke, P. Terhorst, K. Terlouw, F. Tödtling, M. Trippl, M. van Meeteren, P. Vries, L. Wagner, Y.-f. Wu, H.-g. Xu, T. Yamazaki, B.S.A. Yeoh

The subject of investment relationships between the European Union and China is an increasingly vital topic to understand, yet academic literature has until now been underexplored. Bringing together expert contributors, this book provides a critical analysis of the current law and policy between the EU and China, which will prove to be vital in the field of international economic law.Divided into three parts, this book deals with the key issues of the EU-China investment partnership and its implications, both internally and internationally. Each chapter in China-European Union Investment Relationships covers a core theme of the subject of international economic law, including competition law, financial regulation, economic integration and dispute resolution.Covering the key topics in the area, and drawing diverse perspectives into a single collection, this book is an important resource for scholars and practitioners in legal and policy fields, and will be invaluable for students of trade and investment law to understand in more detail human rights and environmental law and policy.Contributors include: J. Baumgartner, J. Chaisse, N.B. Duong, D. Freeman, M. Hodgson, J. Hu, J. Jemielniak, C.-C. Kao, P. Kerneis, D.J. Lewis, F. Lupo-Pasini, E. Neframi, F.D. Simões, V.V. Thien, C. Titi, C.-H. Wu

Against the backdrop of the recent trend towards mega-regional trade initiatives, this book addresses the most topical issues that lie at the intersection of law and technology. By assessing international law and the political economy, the contributing authors offer an enhanced understanding of the challenges of diverging regulatory approaches to innovation.With contributions from leading scholars in the field, this book presents a collaborative effort to map out the new dynamics shaped by scientific and technological advances and corresponding regulatory approaches. Starting with the trend of regulatory cooperation, the book focuses on prominent fields in international trade, information technology, energy, and public health. The final section reflects upon the position of intellectual property rights, a key concern in cross-border trade. This work is the first of its kind to give a timely review and assessment of the most critical challenges facing policymakers and academics in the newest wave of transformation in global trade governance.The book will appeal to academics who are researching in international economic law, technology law and policy, and political science. Practitioners and policy makers who are active in the field of international trade will also find great value in this work.Contributors include: W.-M. Choi, S.-J. Feng, M.-Z. Gao, B. Hazucha, C.-F. Lin, H.-W. Liu, C.-F. Lo, P. Mavroidis, B. Mercurio, Y. Naiki, S.-Y. Peng, S. Shadikhodjaev, R.H. Weber, M. Wu, P. Yu

Ever since its inception, one of the essential tasks of the EU has been to establish the internal market. Despite the impressive body of case law and legislation regarding the internal market, legal and factual barriers still exist for citizens seeking to exercise their full rights under EU law. This book analyses these barriers and proposes ways in which they may be overcome.Next to analysing the key barriers to exercising economic rights more generally, this book focuses on three areas which represent the applications of the four basic freedoms: consumer rights, the rights of professionals in gaining access to the market, and intellectual property rights in the Digital Single Market. With chapters from leading researchers, the main pathways towards the reduction and removal of these barriers are considered. Taking into account important factors including the global financial crisis, as well as practical barriers, such as multilingualism, the solutions provided in this book present a pathway to enhance cross-border realization of European citizens'access to their economic rights, as well as increasing in the cultural richness of the EU.EU Citizens'Economic Rights in Action is an important book, which will be an essential resource for students of EU citizenship and economics, as well as for EU policymakers and practitioners interested in the field.

Bridging the Prosperity Gap in the EU addresses the great social challenge currently facing the European Union. Taking an interdisciplinary approach, the authors invaluably pinpoint both overarching problems and possibilities associated with the social dimension of European integration.Prominent researchers of economics, law and political science tackle this complex issue, providing new solutions within their respective fields of expertise. The chapters cover crucial policy challenges and analyse fundamental mechanisms that limit, or otherwise affect, the evolution of a European social dimension. These insights clarify the far-reaching measures that will be needed to gradually restore the balance between market integration and social protection across the European Union. Illustrating the importance of cohesion, this book is vital for those interested in comparative European studies, from backgrounds in public and social policy, law and economics.Contributors include: U. Bernitz, N. Charron, A.-C. Jungar, A.-S. Lind, M. Ljunge, L. Magnusson, M. Martensson, S. Murhem, P. Nyman, L. Oxelheim, J. Paju, T. Persson, B. Rothstein, J. Ruist, J.J. Votinius

This book provides a unique examination of how a middle power uses international organisations to achieve greater global influence. The authors focus on the OECD,'the rich man's club'of most of the world's wealthiest nations. It demonstrates how the decision by Australia to apply for membership was a long drawn out process, delayed by political factors. Eventually agreement was reached with assurances that membership would provide access to valuable and timely policy-related information, especially in relation to international trade and finance. In addition, membership would potentially increase influence by providing greater access to its powerful member states at an earlier stage in their policy discussions and agreements. On gaining membership, Australia found that the OECD's comparative research and policy development activities, across a wide range of areas and issues, were a valuable source for policy learning which, in turn, helped the ongoing maintenance and further building of policy capacity in the country. This detailed study of how a nation state engages with an international organisation will be a great source of insight and information for scholars and advanced students of international relations and public policy. It will also be a valuable resource for policymakers and practitioners working in the field.

Differentiation was at first not perceived as a threat to the European project, but rather as a tool to promote further integration. Today, more EU policies than ever are marked by concentric circles of integration and a lack of uniform application. As the EU faces increasingly existential challenges, this timely book considers whether the proliferation of mechanisms of flexibility has contributed to this newly fragile state or whether, to the contrary, differentiation has been fundamental to integration despite the heterogeneity of national interests and priorities. Written by emerging and established experts in the field, the chapters examine the present and future of differentiation in EU law. Part I covers general institutional aspects, with contributors examining the nature and characteristics of the various institutional and extra-institutional forms of differentiation. Part II takes a policy-oriented perspective, focussing on areas of EU law and policy in which differentiated integration is prevalent or particularly intriguing. This includes Economic and Monetary Union, the internal market, justice and home affairs, and foreign policy. Differentiated integration is now a defining feature of the EU polity, with the potential to impact almost every facet of EU regulation. This book will be essential reading for students and academics in EU law or anyone interested in the future of EU integration.Contributors include: V. Borger, M. Dawson, M. de Visser, B. De Witte, W. Devroe, A. Durana, N. El-Enany, C. Fasone, E. Ferran, E. Herlin-Karnell, C. Herrmann, S. Kingston, P. Koutrakos, A. Ott, S. Peers, D. Thym, P. Van Cleynenbreugel, S. Van den Bogaert, A.P. van der Mei, E. Vos, M. Weimer

Analyzing the role of multinational investors in emerging Asian economies and the implications for regional economic integration, this astute study examines the increasing role being played by Asian countries in the global economy.Encompassing a large number of diverse manufacturing and service sectors, this book highlights the cultural and strategic challenges faced by multinational investors in the region in which they invest. It shows that despite high rates of economic growth in Asian countries presenting multinational traders and investors with unparalleled market opportunities, there have been only tentative moves towards regional economic integration. Areas such as trade facilitation, uniform customs clearance, removal of non-tariff barriers and labour deployment issues are yet to be adequately addressed. Multifaceted and multidimensional in approach, Emerging Asian Economies and MNCs Strategies will appeal to students and scholars of Asian economies and business management in the region. Its presentation of the sociopolitical and investment environment will also prove invaluable in informing business investors targeting southeast Asian markets.Contributors include: B. Andreosso-O'Callaghan, N. Callinan, C. Dathe, S. Dzever, W. Feng, B. Gupta, J. Jaussaud, J.-L. Mucchielli, F. Nicolas, R. Taylor, U. Uprasen, W. Wei, P. Yu, G. Zhao, B. Zolin

Hans-Peter Brunner has produced here a very thoughtful piece of scholarship. This important book is genuinely innovative and very well executed. It addresses a very significant problem - how the integration and inter-linkage of national markets through regional cooperation and integration adds to productivity growth. The book goes on to define a meaningful theoretical framework, describes relevant regional experiences, and then presents a road map for cluster development. As such, it will be of value to academics, practitioners and policy makers alike.'- Kislaya Prasad, University of Maryland, College Park, USThe rise of Asia, as well as the future of regional cooperation and integration (RCI) the world over, will be profoundly influenced by the challenges of slowing productivity growth, increasing economic inequalities and systemic vulnerabilities. Such structural reform issues will require RCI policies that complement domestic policy reform. This unique book explains what drives the regional economic integration of nations and their contribution to national knowledge capital. It also lays out how such beneficial integration can generate broad-based, equitable wealth in Europe and Asia.Unique in the regional economic integration literature, this comprehensive book identifies the set of drivers of integration for productivity growth. Importantly, it describes and compares the experiences of the Baltic Sea Region with Asia's use of a set of institutionalized consensual knowledge and decision tools to drive inclusive and productive growth throughout a period dominated by the global economic crisis.Original and enlightening, Innovation Networks and the New Asian Regionalism will be vital reading for academics and researchers interested in regional integration and innovation. Policy makers and practitioners in regional development and economic geography will also find it to be an invaluable resource.

This book was originally published by Claeys and Casteels, now formally part of Edward Elgar Publishing. This book moves beyond the ‘identity'debate between Turkey and the EU, and offers a guide at this critical time for drawing lessons from a rigorous examination of divergence and convergence between the EU and Turkey in three significant policy areas.

The second edition of Miroslav Jovanovic's The Economics of International Integration will be a useful addition to the bookshelf of anybody interested in teaching a course on economic integration. It is especially strong and up-to-date on developments in Europe, both with respect to completing the EU market and to the evolution of the eurozone. The various integration schemes are situated in the 21st century global economy with its rapidly changing technology. The analysis is always accessible to non-specialists and, while Jovanovi has his own views, he is careful in presenting various sides of debates.'- Richard Pomfret, University of Adelaide, Australia'A wide ranging, comprehensive but accessible and topical discussion of the many different dimensions of international economic interdependence and the instruments that governments around the world use to cooperate in the pursuit of greater integration of markets. Highly recommended for students seeking a non-technical treatment of the economics of international integration with extensive discussion of the European experience in moving towards economic and monetary union.'- Bernard Hoekman, European University Institute, Italy'Europe, the Americas, Asia and the Pacific, Africa, and the Middle East, within a region as well as across countries, have been integrating not only by FTAs but also by the development of global supply chains. However, we don't know much about how the integration is really going and what consequences will be brought about by it. This book provides us with theoretical tools and empirical facts to understand it. Policy makers should read this book to implement good policy.'- Daisuke Hiratsuka, Institute of Developing Economies (IDE), JETRO, JapanIn this comprehensive second edition of The Economics of International Integration, Miroslav N. Jovanovi examines the theory of international economic integration and explores the existing and emerging international integration agreements, their achievements, problems and prospects. One of the most important issues in international economics today concerns the dissipating multilateral trading system and the proliferation of a number of trading blocs and arrangements. This has been particularly the case after the establishment of the World Trade Organization in 1995 and especially during the Doha Round (2001-13).This book takes on those and other important new issues such as integration through spatially fragmented production, and the operation of supply chains. The author argues that international economic integration deals are here to stay, and evolve with variable successes in spite of advantages offered by the multilateral trading system. Jovanovi's second edition includes up-to-date surveys of economic integration and their agreements, criticism of the eurozone and speculation on the future of integration.This thoroughly revised second edition provides a broad understanding of international economic integration and its complexities, and will be of great interest to students and scholars of international economics, development economics, policy and international business.

The policy framework advocated by Minford et al.... is grounded in economic theory and an incisive empirical analysis of the costs of UK's membership of the EU. Their thesis that the EU is a political union practising economic protectionism in the guise of gradualism towards free trade makes sense.... Minford and his associates'analysis suggests that the EU's policy framework of free trade for members but restrictions on trade of non-members with the EU countries is a second best policy adopted to promote political rather than economic objectives.'- V.N. Balasubramanyam, Lancaster University, UK'The EU got the Nobel Prize for Peace in 2012, but such an award is not forthcoming for economics. In fact, the EU faces a stern public discontent throughout Europe. For years EU leaders have been unable to agree on almost anything. The eurozone's toxic monetary embrace is a colossal failure that has provoked misery in most of the participating countries and, worst of all, suffocated the hopes of prosperity for many years to come. The EU is no longer a venture that inspires people to run on barricades to defend it. Should Britain be a part of the crumbling EU project? This book provides a timely and documented answer. It is highly recommended reading.'- Miroslav N. Jovanovi, University of Geneva, Switzerland'Much too much of the debate about the UK's relationship with the European Union relies upon general declarations unsupported by facts and assertions and claims not substantiated by evidence. This is why we need so badly the careful quantitative analysis provided by Patrick Minford and his colleagues. The UK electorate will have a momentous decision to take when the EU referendum takes place. History and emotions will be important, but getting the facts straight is even more vital.'- John Mills, Founder and Chairman of JML and Co-Chairman of Business for Britain'Patrick Minford and his team have performed a hugely valuable service by quantifying the costs of Britain's EU membership. In particular, they show that Britain pays too much for too high a proportion of its imports. The EU's protectionism in its trade with the rest of the world costs Britain a significant slice of its national output. Their demonstration of this vital point is thought-provoking and sophisticated, and greatly strengthens the case for the UK to leave the EU.'- Tim Congdon, CBE, International Monetary Research LtdPlaced in the context of the upcoming referendum, this second edition brings up to date a thorough review of all economic aspects of the UK's membership of the EU. It notes the intention of the EU to move to'ever closer union'and the nature of the regulatory and general economic philosophy of its dominant members, whose position is enforced by qualified majority voting. The book highlights the UK s dilemma that, while extending free markets to its local region is attractive, this European philosophy and closer union are substantially at odds with the UK's traditions of free markets and freedom under the common law.This comprehensive examination of the economic costs and benefits of membership uses state-of-the-art modeling methods and includes estimates of its net costs as a percentage of GDP. The book explains how the decision to leave would follow from a judgement on the political economy of the EU as compared with that of the UK. It details the misconceptions involved in much of the debate about trade with the EU, and argues that the key issue is not access to markets but rather the prices at which trade takes place. Covered in careful detail is the economics of the UK's trade with the EU in the key sectors of agriculture, manufacturing, and services.

Using original research to address cutting-edge topics, this Handbook explores the rapidly evolving and increasingly multifaceted relations between China and developing countries.Innovative, data-rich analysis by leading experts from around the world critically assesses such timely issues as the'China model', Beijing's role in international development assistance, World Bank governance, Chinese peacekeeping and South-South relations, and developing countries and the internationalization of China's currency. China's engagement with individual countries and regions throughout the developing world is examined, including Chinese private sector investment in Africa.This unique and comprehensive study is an essential reference for scholars and policy experts alike, with a breadth and depth of coverage that will inform and guide analysis for academics, practitioners and postgraduates.Contributors: L. Austin, A. Bodomo, D. Bräutigam, D.J. Bulman, C. Cheng, G. Chin, C.P. Freeman, M. Gurtov, S. Ho, G.L. Le Pere, B. Mariani, H. Mo, G. Paz, R. Roett, S. Shen, X. Shen, Y. Sun, N.L.P. Swanström, X Tu, M. Turzi, T. Wesley-Smith, Y. Xu, J. Zhang, Q. Zhang, S. Zhao

This collection of chapters constitutes a highly valuable and informed input to the debate on the European Union's present and potential role in the shaping of our common future. Together, the contributors take a comprehensive perspective covering legal, political and economic imbalances in the world that are of acute relevance for the possibilities to effectively tackle challenges common to us all, such as climate change, poverty, trafficking and the supply of scarce fundamental commodities. To what extent can the European Union be a constructive force in ameliorating these imbalances, and thereby in world politics, and how ought it to proceed?'- Per Cramér, University of Gothenburg, Sweden'The international dimension of the EU's activities is under-researched and often poorly understood. This book, drawing on a range of disciplinary perspectives and bringing together a range of authors from the Nordic countries, provides a timely and well-thought-out exposition of the challenges the EU faces in the world.'- Iain Begg, London School of Economics and Political Science, UKThe EU's Role in Fighting Global Imbalances looks at the role of the European Union in addressing some of the greatest challenges of our time: poverty, protectionism, climate change, and human trafficking. The recent crisis has depleted the Union s economic and political resources. At the same time the Union is, like never before, expected to confront these global challenges on the world political arena, where new regional power centres are establishing themselves. Based on a broad and interdisciplinary understanding of the concept of global imbalances, this book argues that these challenges follow from pervasive global imbalances, which at root are economic, political, and legal in character.Contributions from ten leading scholars in the fields of economics, law, and political science provide in-depth analyses of three key dimensions of EU foreign policy, namely: the internal challenges facing the EU, as its 28 member countries struggle to coordinate their actions; the external challenges facing the EU on the global arena, in areas where global imbalances are particularly pervasive, and where measures taken by the Union can have an important impact; and the EU´s performance on the global arena, in the eyes of other key actors.This policy-oriented, interdisciplinary volume offers real insight into the European Union and its role in global affairs and will appeal to academics and policy-makers alike.Contributors: L. Aggestam, A.Bakardjieva Engelbrekt, A. Bigsten, S. Bogojevi, O. Elgström, M. Henrekson, A. Jonsson Cornell, A. Kokko, M. Mårtensson, A. Moberg, L. Oxelheim, T. Persson, T. Sanandaji, A. Schmidt-Felzmann

Wielded by major economic powers, linkages between trade and such issues as environmental protection and human rights have become a widely used and controversial policy instrument. This volume provides a comprehensive and authoritative analysis, across issue-areas, of the European Union's deployment of trade to advance its normative goals.'- Miles Kahler, Council on Foreign Relations'The EU treaties call for the EU to promote its core values internationally. Trade is one instrument to do so: linking preferential access to the large EU market to convergence towards EU or internationally agreed norms. The volume offers an insightful discussion of the scope for, and the effectiveness of, EU trade linkage strategies to influence the labour, environmental and human rights-related policies of selected trade partners. It advances the state of our knowledge on a controversial and important subject.'- Bernard Hoekman, EUI and CEPR, ItalyA'new generation'of EU trade policies aims to advance public goods such as promoting sustainable development, protecting human rights and enhancing governance in third states. The pursuit of these objectives raises important questions regarding coherence, effectiveness, legitimacy and extraterritoriality. In Global Governance through Trade leading scholars from different disciplines address these topical questions.The book contains a comprehensive analysis of the concept of governing through trade and investigates how the EU'exports'regulation through conditional market access regulation, bilateral trade agreements and unilateral trade policy. Several case studies complement the general analysis and provide an in-depth assessment of the European Union's new trade policies.This multidisciplinary book will be an enlightening read for a wide-ranging audience encompassing academics, policymakers, policy analysts and students of, amongst others, trade law and policy, global governance, sustainable development, human rights and labor standards.Contributors: L. Bartels, L. Beke, N.A.J. Croquet, C. Damro, D. Geraets, N. Hachez, M. Koekkoek, J. Larik, R. Leal-Arcas, A. Marx, P.C. Mavroidis, B. Natens, C. Ryngaert, J. Soares, G. van Calster, C.M. Wilmarth, J. Wouters, J. Yap

Professor Philip McCann has contributed to a revival of regional and urban economics. His ideas and research have stimulated views about how regions and cities grow, and also how they can be better governed. He offers here another major contribution to improved regional policy design. By its scale and scope, EU regional policy reform merits a thorough and enlightening analysis such as this. This is an important book by one of the finest scholars in the field.'- Joaquim Oliveira Martins, Head of OECD Regional Policy Division, France'Geographical economics has come a long way in the past two decades. It has generated new ways of thinking about how to improve development in less-favoured cities and regions, in the context of a commitment to enjoying the advantages of trade and the mobility of people and knowledge. Philip McCann's magisterial analysis of one of the most ambitious efforts ever undertaken in this area - the EU Cohesion Policy - argues powerfully for a new way forward based on respecting the different starting points of cities and regions and mobilizing their potential, and yet doing so with rigorous respect for efficiency and openness.'- Michael Storper, London School of Economics, UKThe regional and urban development policy of the European Union, or more precisely, EU Cohesion Policy, is undergoing change. This development is driven by the enormous transformations in European regions and by shifts in thinking and analysis. The issues raised by the changes to regional and urban development policy in Europe span many academic disciplines and build on different research methodologies. A broad approach is required in order to address these issues and this book explicitly incorporates insights from a range of different disciplines.After examining the major regional and urban features of the European economy and discussing the analytical underpinnings of the current re-design to EU Cohesion Policy, the book also aims to provide a road map of the various EU regional and urban data-sources which are available to researchers and policy-makers. This volume is aimed at all economists, geographers, regional scientists, spatial planners, transportation scientists, sociologists, urban studies researchers, environmental scholars, political scientists and policy-analysts who are interested in regional and urban issues.Contents: Preface 1. The Backdrop to EU Cohesion Policy Debates: Europe 2020 and the Post-Crisis Economy 2. The Regional and Urban Economies of the European Union 3. The Logic and Workings of EU Cohesion Policy 4. A Reformed EU Cohesion Policy 5. Innovation, Regions and the Case for Regional Innovation Policies 6. Smart Specialisation and European Regions 7. Conclusions on the Reforms to the Regional and Urban Policy in the European Union Bibliography Index

New measures have opened up insights into the extent and complexity of global production networks. The chapters in this timely book deploy new tools to understand how global value chains change the nature of global economic interdependence, and to assess how that in turn changes our understanding of policies in this new environment.The authors bring to bear a wide variety of methodological tools and data, and perspectives ranging from the firm-level micro economy to the global macro economy. The book has two broad themes. The first is national economies'heightened exposure to adverse shocks (natural disasters, political disputes, recessions) elsewhere in the world as a result of greater integration and interdependence. The second theme is focused on the evolution of global value chains at the firm level and how this will affect competitiveness in Asia. It also traces the past and future development of production sharing in Asia.Employing an array of the latest methods and data to study global value chains, the book will prove a valuable resource for international organizations and regional bodies who have an active interest in anything related to global supply chain analysis. Researchers, academics and students in the fields of international trade and economics will also find its assessment of the evolution of global value chains at the firm level, and how this affects competitiveness in Asia, to be an insightful guide.Contributors: R.Baldwin, M. Chinn, H.Escaith, B.Ferrarini, R.Forslid, T.W. Hertel, D.Hummels, A.Levchenko, A.C. Ma, L.Puzzello, D.L. Swenson, P.A. Raschky, A.Van Assche, T.L. Walmsley, J.Zhang

In this book, outstanding political economists provide wide-ranging and accessible essays on the global monetary system and its interaction with dynamic and crisis-prone financial markets. The essays are filled with fresh and well-articulated insights. This timely survey of an increasingly important field deserves a prominent place on the syllabi of graduate and advanced undergraduate courses in international political economy, global governance, and international finance.'- Louis W. Pauly, University of Toronto, Canada'Here is an intellectual feast for anyone interested in the political economy of international monetary and financial systems, served up by an impressive collection of experts. Students and specialists alike can gorge themselves on the many fascinating analyses of core issues and latest debates in the field. Highly recommended for anyone with an appetite to learn more about global money and finance.'- Eric Helleiner, University of Waterloo, CanadaThis extensive Handbook provides an in-depth exploration of the political economy dynamics associated with the international monetary and financial systems. Leading experts offer a fresh take on research into the interaction between system structure, the self-interest of private firms, the political institutions within which governments make policy, and the ideas that influence beliefs about appropriate policy responses. Crucially they also assess how these factors have shaped the political economy of various facets of monetary and financial systems.Organized into four comprehensive sections, the Handbook begins with a focus on the international system and explores how the distribution of power in the system shapes its structure and dynamics. The next section then considers the politics of exchange rate regime choice before analyzing current research on financial crises and financial regulation. Key questions are asked, such as: what drives financial crises and why do some economies suffer banking and currency crises while others do not? How does politics shape the central characteristics of the IMF s approach to crisis management? And how does change in the distribution of power in the international system change the structure of the global monetary and financial systems? The Handbook addresses these concerns and concludes with an examination of international governance, including the IMF and institutional reform in the post-crisis eurozone.This detailed Handbook brings together original contributions from some of the leading authorities in the field, making it an invaluable resource to academics and students of international relations, governance, and political economy.Contributors: L.E. Armijo, D.H. Bearce, G. Bird, P.G. Cerny, M. Chang, H.-k. Chey, E.M.P. Chiu, S. Cooper, J. Echeverri-Gent, K.A. English, Y.H. Ferguson, J. Grittersová, M.J. Lee, R.W. Mansbach, B. Momani, T. Oatley, T.B. Pepinsky, D. Rowlands, H. Schwartz, W.T. Selmier II, A.C. Sobel, S. Walter, H. Wang, T.D. Willett, W.K. Winecoff, K. Young, E. Yujuico

Since the 1990s many of the assumptions that anchored the study of governance in international political economy (IPE) have been shaken loose. Reflecting on the intriguing and important processes of change that have occurred, and are occurring, Anthony Payne and Nicola Phillips bring together the best research currently being undertaken in the field. They explore the complex ways that the global political economy is presently being governed, and indeed misgoverned.The Handbook is organized into two fresh and original parts. In Part I the authors advance their own distinctive understanding of the international political economy of governance and thus make important contributions to the next phase of scholarship. Considering four key themes, they reflect on the ideological foundations of governance, the levels at which governance is articulated, the actors involved in governance and the ethical questions associated with the subject.Part II addresses the patterns of governance that prevail in particular issue areas. Invited to consider their contributions in the light of the four framing themes set out in Part I, these prominent authors offer key insights into contemporary dynamics in a wide range of issue areas and consider how their insights can be mobilized in refreshing the study of governance.Covering all themes central to the field of politics, this extensive and detailed Handbook will be of great value to students of governance, political economy, international relations and development studies.Contributors: A. Baker, J. Brassett, B. Carey, P.G. Cerny, J. Clapp, L. Clegg, N. Dasandi, L. Elliott, A. Gamble, A. Geddes, S. Harman, C. Hay, M.J. Hoffmann, D. Hudson, P. Knorringa, F.W. Mayer, G. Menz, M. Moschella, V. Muzaka, P. Newell, A. Payne, N. Phillips, T. Porter, B. Richardson, J.-P. Thérien, J. True, E. Tsingou, G.R.D. Underhill, R. Wilkinson

The traumatic experiences of the first half of the twentieth century helped shape the postwar global architecture, which saw the creation of the IMF, the GATT, and the World Bank. Today, this economic architecture is ill-fitted to the global economy. The balance of financial power has moved towards the emerging economies, especially those in Asia, a shift which is not sufficiently reflected in the governance of these institutions.New Global Economic Architecture addresses how a regional architecture, particularly in Asia, can induce a supply of regional public goods that strengthens the global public goods supplied through the global architecture, to promote sustainable economic development. The global network is moving towards a decentralized system with global, regional, and national institutions, and the book presents a comparison of the pace of reforms in various institutions and the identification of the reform agenda from an Asian perspective. It provides suggestions for strengthening regional institutions in Asia so they may better provide regional public goods. The evolution of institutions and policies that comprise the international monetary, financial, trade and development architecture is considered since their establishment after the Bretton Woods conference of 1944.Policymakers, academics, think tanks and practitioners will benefit from the international perspective of the book, particularly those interested in the influential Asian architecture. This book is also a useful reference tool for students of macroeconomics, development economics, international trade, and finance at both undergraduate and graduate levels.Contributors: A. Chabchitrchaidol, A.F. Cooper, H. Hill, M. Kawai, J. Menon, P.J. Morgan, V. Nehru, M.G. Plummer, F. Prada, P.B. Rana, R. Siregar, G. Wignaraja