Globalizing in Hard Times

The Politics of Banking-sector Opening in the Emerging World
Author: Leonardo Martinez-Diaz
Publisher: Cornell University Press
ISBN: 0801459559
Category: Business & Economics
Page: 231
View: 3780

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In Globalizing in Hard Times, Leonardo Martinez-Diaz examines the sudden and substantial increase in cross-border ownership of commercial banks in countries where bank ownership had long been restricted by local rules. Many parties—the World Bank and the IMF, the world's largest commercial banks, their home governments, and their negotiators—had been pushing for a relaxation of ownership rules since the early 1980s and into the 1990s, when bank profitability levels in advanced industrial societies went flat. In their hunt for higher returns on assets, the major banks looked to expand business overseas, but through the mid-1990s their efforts to impose more liberal ownership regimes in nationalist countries proved largely unsuccessful. Martinez-Diaz illustrates the ongoing political resistance to liberalized ownership rules in Mexico, Indonesia, Brazil, and South Korea. He then demonstrates the importance of a series of events—the Mexican crisis and the Brazilian banking shock in 1994–1995 and the Asian crisis of 1997–1998 among them—in finally knocking down barriers to foreign ownership of banks. After these upheavals, policymakers who were worried about their political survival—and who were sometimes pressed by the IMF and foreign governments—reshaped the regulatory environment in key emerging markets. Self-proclaimed global banks eagerly grasped the opportunity to expand their operations worldwide, but after the initial shock, domestic politics reasserted themselves, often diluting the new, liberal rules.

Workers in Hard Times

A Long View of Economic Crises
Author: Leon Fink,Joseph A. McCartin,Joan Sangster
Publisher: University of Illinois Press
ISBN: 0252095979
Category: Political Science
Page: 312
View: 5657

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Seeking to historicize today's "Great Recession," this volume of essays uses examples from North America, South America, Europe, Asia, and Australia to situate the current economic crisis and its impact on workers in the context of previous abrupt shifts in the modern-day capitalist marketplace. Contributors argue that factors such as race, sex, and state intervention have mediated both the effect of economic depressions on workers' lives and workers' responses to those depressions. Further, the direction of influence between politics and economic upheaval, as well as between workers and the welfare state, has often shifted with time, location, and circumstance. These principles inform a concluding examination of today's "Great Recession": its historical distinctiveness, its connection to neoliberalism, and its attendant expressions of worker status and agency around the world. Ultimately, the essays in this volume push us toward a rethinking of the relationship between capital and labor, the waged and unwaged, and the employed and jobless. Contributors are Sven Beckert, Sean Cadigan, Leon Fink, Alvin Finkel, Wendy Goldman, Gaetan Heroux, Joseph A. McCartin, David Montgomery, Edward Montgomery, Melanie Nolan, Bryan D. Palmer, Scott Reynolds Nelson, Joan Sangster, Judith Stein, Hilary Wainright, and Lu Zhang.

Politics in the New Hard Times

The Great Recession in Comparative Perspective
Author: Miles Kahler,David A. Lake
Publisher: Cornell University Press
ISBN: 0801467624
Category: Political Science
Page: 320
View: 3233

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The Great Recession and its aftershocks, including the Eurozone banking and debt crisis, add up to the worst global economic crisis since the Great Depression of the 1930s. Although economic explanations for the Great Recession have proliferated, the political causes and consequences of the crisis have received less systematic attention. Politics in the New Hard Times is the first book to focus on the Great Recession as a political crisis, one with both political sources and political consequences. The authors examine variation in crises over time and across countries, rather than treating these events as undifferentiated shocks. Chapters also explore how crisis has forced the redefinition and reinforcement of interests at the level of individual attitudes and in national political coalitions. Throughout, the authors stress that the Great Recession is only the latest in a long history of international economic crises with significant political effects-and that it is unlikely to be the last. Contributors: Suzanne Berger, MIT; J. Lawrence Broz, University of California, San Diego; Peter Cowhey, University of California, San Diego; Peter A. Gourevitch, University of California, San Diego; Stephan Haggard, University of California, San Diego; Peter A. Hall, Harvard University; Miles Kahler, University of California, San Diego; Peter J. Katzenstein, Cornell University; Ikuo Kume, Waseda University; David A. Lake, University of California, San Diego; Megumi Naoi, University of California, San Diego; Stephen C. Nelson, Northwestern University; Pablo Pinto, Columbia University; James Shinn, Princeton University

The Blackwell Companion to Globalization


Author: George Ritzer
Publisher: John Wiley & Sons
ISBN: 1119250722
Category: Political Science
Page: 752
View: 1409

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This companion features original essays on the complexity of globalization and its diverse and sometimes conflicting effects. Written by top scholars in the field, it offers a nuanced and detailed examination of globalization that includes both positive and critical evaluations. Introduces the major players, theories, and methodologies Explores the major areas of impact, including the environment, cities, outsourcing, consumerism, global media, politics, religion, and public health Addresses the foremost concerns of global inequality, corruption, international terrorism, war, and the future of globalization Wide-ranging and comprehensive, an excellent text for undergraduate and graduate students in a range of disciplines

Scales of Justice

Reimagining Political Space in a Globalizing World
Author: Nancy Fraser
Publisher: Columbia University Press
ISBN: 0231519621
Category: Philosophy
Page: 224
View: 2863

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Until recently, struggles for justice proceeded against the background of a taken-for-granted frame: the bounded territorial state. With that "Westphalian" picture of political space assumed by default, the scope of justice was rarely subject to open dispute. Today, however, human-rights activists and international feminists join critics of structural adjustment and the World Trade Organization in challenging the view that justice can only be a domestic relation among fellow citizens. Targeting injustices that cut across borders, they are making the scale of justice an object of explicit struggle. Inspired by these efforts, Nancy Fraser asks: What is the proper frame for theorizing justice? Faced with a plurality of competing scales, how do we know which one is truly just? In exploring these questions, Fraser revises her widely discussed theory of redistribution and recognition. She introduces a third, "political" dimension of justice& mdash;representation& mdash;and elaborates a new, reflexive type of critical theory that foregrounds injustices of "misframing." Engaging with thinkers such as Jürgen Habermas, John Rawls, Michel Foucault, and Hannah Arendt, she envisions a "postwestphalian" mapping of political space that accommodates transnational solidarity, transborder publicity, and democratic frame-setting, as well as emancipatory projects that cross borders. The result is a sustained reflection on who should count with respect to what in a globalizing world.

The Ordinary Virtues

Moral Order in a Divided World
Author: Michael Ignatieff
Publisher: Harvard University Press
ISBN: 0674976274
Category: Applied ethics
Page: 236
View: 3781

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Introduction: Moral globalization and its discontents -- Jackson Heights, New York: Diversity Plaza -- Los Angeles: the moral operating systems of global cities -- Rio de Janeiro: order, corruption, and public trust -- Bosnia: war and reconciliation -- Myanmar: the politics of moral narrative -- Fukushima: resilience and the unimaginable -- South Africa: after the rainbow -- Conclusion: Human rights, global ethics, and the ordinary virtues

Unexpected Outcomes

How Emerging Economies Survived the Global Financial Crisis
Author: Carol Wise,Leslie Elliott Armijo,Saori N. Katada
Publisher: Brookings Institution Press
ISBN: 0815724772
Category: Political Science
Page: 244
View: 4939

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This volume documents and explains the remarkable resilience of emerging market nations in East Asia and Latin America when faced with the global financial crisis in 2008-2009. Their quick bounceback from the crisis marked a radical departure from the past, such as when the 1982 debt shocks produced a decade-long recession in Latin America or when the Asian financial crisis dramatically slowed those economies in the late 1990s. Why? This volume suggests that these countries' resistance to the initial financial contagion is a tribute to financial-sector reforms undertaken over the past two decades. The rebound itself was a trade-led phenomenon, favoring the countries that had gone the farthest with macroeconomic restructuring and trade reform. Old labels used to describe "neoliberal versus developmentalist" strategies do not accurately capture the foundations of this recovery. These authors argue that policy learning and institutional reforms adopted in response to previous crises prompted policymakers to combine state and market approaches in effectively coping with the global financial crisis. The nations studied include Korea, China, India, Mexico, Argentina, and Brazil, accompanied by Latin American and Asian regional analyses that bring other emerging markets such as Chile and Peru into the picture. The substantial differences among the nations make their shared success even more remarkable and worthy of investigation. And although 2012 saw slowed growth in some emerging market nations, the authors argue this selective slowing suggests the need for deeper structural reforms in some countries, China and India in particular.

Transnational Migration and Lifelong Learning

Global Issues and Perspectives
Author: Shibao Guo
Publisher: Routledge
ISBN: 113576011X
Category: Education
Page: 160
View: 874

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Economic globalization, modern transportation, and advanced communication technologies have greatly enhanced the mobility of people across national boundaries. The resulting demographic, social, and cultural changes create new opportunities for development as well as new challenges for lifelong learning. Transnational Migration and Lifelong Learning examines the changing nature of lifelong learning in the current age of transnational migration. The book brings together international scholars from a range of countries in a dialogue about the relationship between work, learning, mobility, knowledge, and citizenship in the context of globalization and migration. It covers a wide range of topics, including: global perspectives and analyses of migration; the impact of migration on lifelong learning; processes of exclusion and inclusion in lifelong learning; the tension between mobility, knowledge, and recognition; and transnationalism, learning communities, and citizenship. This book was originally published as a special issue of the International Journal of Lifelong Education.

In Defense of Globalization

With a New Afterword
Author: Jagdish Bhagwati
Publisher: Oxford University Press
ISBN: 9780199838967
Category: Business & Economics
Page: 344
View: 7032

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In the passionate debate that currently rages over globalization, critics have been heard blaming it for a host of ills afflicting poorer nations, everything from child labor to environmental degradation and cultural homogenization. Now Jagdish Bhagwati, the internationally renowned economist, takes on the critics, revealing that globalization, when properly governed, is in fact the most powerful force for social good in the world today. Drawing on his unparalleled knowledge of international and development economics, Bhagwati explains why the "gotcha" examples of the critics are often not as compelling as they seem. With the wit and wisdom for which he is renowned, Bhagwati convincingly shows that globalization is part of the solution, not part of the problem. This edition features a new afterword by the author, in which he counters recent writings by prominent journalist Thomas Friedman and the Nobel Laureate economist Paul Samuelson and argues that current anxieties about the economic implications of globalization are just as unfounded as were the concerns about its social effects.

Human Rights in the Global Political Economy

Critical Processes
Author: Tony Evans
Publisher: Lynne Rienner Pub
ISBN: 9781588267504
Category: Political Science
Page: 232
View: 8812

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Tony Evans critically investigates the theory and practice of human rights in the current global order. Evans covers a range of contentious debates as he considers critiques of the prevailing conceptions of human rights. He then explores the changing global context of human rights issues, the nature and status of human rights within that context, and recent institutional responses. With its emphasis on policy and process, his book offers a rich analysis of the politics of today's human rights regime.

Cultural Differences in a Globalizing World


Author: Michael Minkov
Publisher: Emerald Group Publishing
ISBN: 0857246135
Category: Political Science
Page: 293
View: 6247

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Endorsed by Geert Hofstede, this is the only book that explains the relationship between national culture and national differences in crucially important phenomena, such as speed of economic growth, murder rates, and educational achievement in a scientifically rigorous way.

Globalization

The Human Consequences
Author: Zygmunt Bauman
Publisher: John Wiley & Sons
ISBN: 0745656951
Category: Political Science
Page: 136
View: 5577

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'Globalization' is a word that is currently much in use. This book is an attempt to show that there is far more to globalization than its surface manifestations. Unpacking the social roots and social consequences of globalizing processes, this book disperses some of the mist that surrounds the term. Alongside the emerging planetary dimensions of business, finance, trade and information flow, a 'localizing', space-fixing process is set in motion. What appears as globalization for some, means localization for many others; signalling new freedom for some, globalizing processes appear as uninvited and cruel fate for many others. Freedom to move, a scarce and unequally distributed commodity, quickly becomes the main stratifying factor of our times. Neo-tribal and fundamentalist tendencies are as legitimate offspring of globalization as the widely acclaimed 'hybridization' of top culture - the culture at the globalized top. A particular reason to worry is the progressive breakdown in communication between the increasingly global and extra- territorial elites and ever more 'localized' majority. The bulk of the population, the 'new middle class', bears the brunt of these problems, and suffers uncertainty, anxiety and fear as a result. This book is a major contribution to the unfolding debate about globalization, and as such will be of interest to students and professionals in sociology, human geography and cultural issues.

Regionalism in Hard Times

Competitive and Post-liberal Trends in Europe, Asia, Africa, and the Americas
Author: Mario Telò
Publisher: Taylor & Francis
ISBN: 1315464241
Category: Political Science
Page: 98
View: 4194

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Brexit confirms that the EU is not a super-state in the making but rather an advanced regional organization. This book bridges the gap between EU studies and international relations by providing a student-friendly presentation of regional, multidimensional cooperation among neighbouring states and societies, its four epochs and relevant variations and similarities across five continents, its interplay with globalization, and the changing post-hegemonic and post-Cold War international order. This text secondly focuses on the question of regionalism in hard times: whether the global financial crisis and multipolar power politics are leading to more competitive and political forms of instrumental regionalism and interregionalism in Europe, East-Asia and the Americas. It does this by addressing the political and strategic dimensions of changing regional/interregional arrangements and their current and potential impact on global governance, notably on trade and security challenges.

Globalization and History

The Evolution of a Nineteenth-century Atlantic Economy
Author: Kevin H. O'Rourke,Jeffrey G. Williamson
Publisher: MIT Press
ISBN: 9780262650595
Category: Business & Economics
Page: 343
View: 2476

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Winner in the category of Economics in the 1999 Professional/Scholarly Publishing Annual Awards Competition presented by the Association of American Publishers, Inc. Globalization is not a new phenomenon; nor is it irreversible. In Globalization and History, Kevin O'Rourke and Jeffrey Williamson present a coherent picture of trade, migration, and international capital flows in the Atlantic economy in the century prior to 1914—the first great globalization boom. The book's originality lies in its application of the tools of open-economy economics to this critical historical period—differentiating it from most previous work, which has been based on closed-economy or single-sector models. The authors also keep a close eye on globalization debates of the 1990s, using history to inform the present and vice versa. The book brings together research conducted by the authors over the past decade—work that has profoundly influenced how economic history is now written and that has found audiences in economics and history, as well as in the popular press. "Fans and foes of globalization usually agree on one thing: its inevitability. But that is a big mistake, as this fine piece of scholarship makes clear. . . . It is an exceptionally rigorous and insightful history of globalization. Its main message—that globalization can sow the seeds of its own destruction—is salutary. It should be required reading for anyone inclined to think that economic history is bunk." —The Economist

Globalization and Theology


Author: Joerg Rieger
Publisher: Abingdon Press
ISBN: 1426720068
Category: Religion
Page: 70
View: 5169

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Globalization is a catchword of our time, referring to the interdependence that affects us all. But we often meet globalization with extreme ambivalence, recognizing that it has both positive and negative consequences for economics, politics, and culture. Joerg Rieger makes the point that even theology, itself, can be a manifestation of globalization. At its worst, theology can reflect Western intellectual imperialism and at its best, theology can encourage a compelling vision of diversity within unity. The author articulates a theology of globalization as a diverse phenomenon that respects different ways of seeing and knowing, thus encouraging harmony rather than homogeny.

Politics in the New Hard Times

The Great Recession in Comparative Perspective
Author: Miles Kahler,David A. Lake
Publisher: Cornell University Press
ISBN: 0801467624
Category: Political Science
Page: 320
View: 5729

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The Great Recession and its aftershocks, including the Eurozone banking and debt crisis, add up to the worst global economic crisis since the Great Depression of the 1930s. Although economic explanations for the Great Recession have proliferated, the political causes and consequences of the crisis have received less systematic attention. Politics in the New Hard Times is the first book to focus on the Great Recession as a political crisis, one with both political sources and political consequences. The authors examine variation in crises over time and across countries, rather than treating these events as undifferentiated shocks. Chapters also explore how crisis has forced the redefinition and reinforcement of interests at the level of individual attitudes and in national political coalitions. Throughout, the authors stress that the Great Recession is only the latest in a long history of international economic crises with significant political effects-and that it is unlikely to be the last. Contributors: Suzanne Berger, MIT; J. Lawrence Broz, University of California, San Diego; Peter Cowhey, University of California, San Diego; Peter A. Gourevitch, University of California, San Diego; Stephan Haggard, University of California, San Diego; Peter A. Hall, Harvard University; Miles Kahler, University of California, San Diego; Peter J. Katzenstein, Cornell University; Ikuo Kume, Waseda University; David A. Lake, University of California, San Diego; Megumi Naoi, University of California, San Diego; Stephen C. Nelson, Northwestern University; Pablo Pinto, Columbia University; James Shinn, Princeton University

Tough Choices Or Tough Times

The Report of the New Commission on the Skills of the American Workforce
Author: N.A
Publisher: John Wiley & Sons
ISBN: 0470267569
Category: Business & Economics
Page: 219
View: 3045

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"Tough Choices or Tough Times" calls for the first redesign of the American education system in a century. This work provides a well-researched analysis of the issues as well as a compelling set of proposals for changing the existing system of education.

Globalizing Theology

Belief and Practice in an Era of World Christianity
Author: Craig Ott,Harold A. Netland
Publisher: Baker Academic
ISBN: 9781441201348
Category: Religion
Page: 382
View: 3833

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One of the most powerful forces in the twenty-first century is the increasing phenomenon of globalization. In nearly every realm of human activity, traditional boundaries are disappearing and people worldwide are more interconnected than ever. Christianity has also become more aware of global realities and the important role of the church in non-Western countries. Church leaders must grapple with the implications for theology and ministry in an ever-shrinking world. Globalizing Theology is a groundbreaking book that addresses these issues of vital importance to the church. It contains articles from leading scholars, including Tite Tiénou, Kevin Vanhoozer, Charles Van Engen, M. Daniel Carroll R., Andrew Walls, Vinoth Ramachandra, and Paul Hiebert. Topics covered include the challenges that globalization brings to theology, how we can incorporate global perspectives into our thinking, and the effect a more global theology has on a variety of important issues.

The Globalization of Inequality


Author: François Bourguignon
Publisher: Princeton University Press
ISBN: 1400885558
Category: Business & Economics
Page: 224
View: 9762

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In The Globalization of Inequality, distinguished economist and policymaker François Bourguignon examines the complex and paradoxical links between a vibrant world economy that has raised the living standard of over half a billion people in emerging nations such as China, India, and Brazil, and the exponentially increasing inequality within countries. Exploring globalization's role in the evolution of inequality, Bourguignon takes an original and truly international approach to the decrease in inequality between nations, the increase in inequality within nations, and the policies that might moderate inequality’s negative effects. Demonstrating that in a globalized world it becomes harder to separate out the factors leading to domestic or international inequality, Bourguignon examines each trend through a variety of sources, and looks at how these inequalities sometimes balance each other out or reinforce one another. Factoring in the most recent economic crisis, Bourguignon investigates why inequality in some countries has dropped back to levels that have not existed for several decades, and he asks if these should be considered in the context of globalization or if they are in fact specific to individual nations. Ultimately, Bourguignon argues that it will be up to countries in the developed and developing world to implement better policies, even though globalization limits the scope for some potential redistributive instruments. An informed and original contribution to the current debates about inequality, this book will be essential reading for anyone who is interested in the future of the world economy.

Getting by in Hard Times

Gendered Labour at Home and on the Job
Author: Meg Luxton,June Shirley Corman
Publisher: University of Toronto Press
ISBN: 9780802007834
Category: Social Science
Page: 326
View: 7291

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Describes the experiences of daily life for predominantly white, working class women and men during the period of ?economic restructuring? begun in the 1980s.