Search Results: global-capitalism-in-disarray

Global Capitalism in Disarray

Inequality, Debt, and Austerity

Author: Andrés Solimano

Publisher: Oxford University Press

ISBN: 0190626275

Category:

Page: 264

View: 7990

Global capitalism is affected by the malaises of stagnation, financial fragility, increased income inequality, growing wealth concentration at the top, and a vanishing fair social contract. This book focuses on the incidence of these phenomena in the US, UK, Greece, Spain, Chile, South Africa, Australia, China, and other countries. The book looks at the effects of IMF-ECB led austerity policies in Europe. The book examines concrete country and global conditions combining theory, country studies, historical evidence, and international comparative analysis. The book also proposes new policy priorities to restore stability, reduce inequality, and consolidate democracy in 21st century capitalism.

A World in Disarray

American Foreign Policy and the Crisis of the Old Order

Author: Richard Haass

Publisher: Penguin

ISBN: 0399562370

Category: Political Science

Page: 352

View: 647

"A valuable primer on foreign policy: a primer that concerned citizens of all political persuasions—not to mention the president and his advisers—could benefit from reading." —The New York Times An examination of a world increasingly defined by disorder and a United States unable to shape the world in its image, from the president of the Council on Foreign Relations Things fall apart; the center cannot hold. The rules, policies, and institutions that have guided the world since World War II have largely run their course. Respect for sovereignty alone cannot uphold order in an age defined by global challenges from terrorism and the spread of nuclear weapons to climate change and cyberspace. Meanwhile, great power rivalry is returning. Weak states pose problems just as confounding as strong ones. The United States remains the world’s strongest country, but American foreign policy has at times made matters worse, both by what the U.S. has done and by what it has failed to do. The Middle East is in chaos, Asia is threatened by China’s rise and a reckless North Korea, and Europe, for decades the world’s most stable region, is now anything but. As Richard Haass explains, the election of Donald Trump and the unexpected vote for “Brexit” signals that many in modern democracies reject important aspects of globalization, including borders open to trade and immigrants. In A World in Disarray, Haass argues for an updated global operating system—call it world order 2.0—that reflects the reality that power is widely distributed and that borders count for less. One critical element of this adjustment will be adopting a new approach to sovereignty, one that embraces its obligations and responsibilities as well as its rights and protections. Haass also details how the U.S. should act towards China and Russia, as well as in Asia, Europe, and the Middle East. He suggests, too, what the country should do to address its dysfunctional politics, mounting debt, and the lack of agreement on the nature of its relationship with the world. A World in Disarray is a wise examination, one rich in history, of the current world, along with how we got here and what needs doing. Haass shows that the world cannot have stability or prosperity without the United States, but that the United States cannot be a force for global stability and prosperity without its politicians and citizens reaching a new understanding.

Economic Elites, Crises, and Democracy

Alternatives Beyond Neoliberal Capitalism

Author: Andres Solimano

Publisher: Oxford University Press

ISBN: 0199355991

Category: Business & Economics

Page: 224

View: 5443

Economic Elites, Crises, and Democracy analyzes critical topics of contemporaneous capitalism. Andr?s Solimano, President of the International Center for Globalization and Development, focuses on economic elites and the super rich, the nature of entrepreneurship, the rise of corporate?s technostructure, the internal fragmentation of the middle class, and the marginalization of the working poor. While examining historical episodes of economic and financial crises from the 19th century to the present, he reviews a variety of related economic theories and policies, including austerity, which have been enacted in attempts to overcome these crises. Solimano also examines patterns of international mobility of capital and knowledge elites along with the rise of global social movements and migration diasporas. The book ends with an analysis of the concept, modalities, and potential areas of the application of economic democracy to reform 21st century global capitalism.

No One's World

The West, the Rising Rest, and the Coming Global Turn

Author: Charles Kupchan

Publisher: OUP USA

ISBN: 0199739390

Category: Political Science

Page: 258

View: 1201

Argues that as China, India, Brazil and other emerging powers rise, the founding ideals of the West will not continue to spread, and that in the near future, Europe and the United States will need to fashion a new consensus with these powers on issues of legitimacy, sovereignty and governance.

Plutocrats

The Rise of the New Global Super-Rich and the Fall of Everyone Else

Author: Chrystia Freeland

Publisher: Penguin

ISBN: 1101595949

Category: Business & Economics

Page: 352

View: 3994

A Financial Times Best Book of the Year Shortlisted for the Lionel Gelber Prize There has always been some gap between rich and poor in this country, but recently what it means to be rich has changed dramatically. Forget the 1 percent—Plutocrats proves that it is the wealthiest 0.1 percent who are outpacing the rest of us at breakneck speed. Most of these new fortunes are not inherited, amassed instead by perceptive businesspeople who see themselves as deserving victors in a cutthroat international competition. With empathy and intelligence, Plutocrats reveals the consequences of concentrating the world’s wealth into fewer and fewer hands. Propelled by fascinating original interviews with the plutocrats themselves, Plutocrats is a tour de force of social and economic history, the definitive examination of inequality in our time.

Failure to Adjust

How Americans Got Left Behind in the Global Economy

Author: Edward Alden

Publisher: Rowman & Littlefield

ISBN: 1538109093

Category: Political Science

Page: 268

View: 9116

*Updated edition with a new foreword on the Trump administration's trade policy* The vast benefits promised by the supporters of globalization, and by their own government, have never materialized for many Americans. In Failure to Adjust Edward Alden provides a compelling history of the last four decades of US economic and trade policies that have left too many Americans unable to adapt to or compete in the current global marketplace. He tells the story of what went wrong and how to correct the course. Originally published on the eve of the 2016 presidential election, Alden’s book captured the zeitgeist that would propel Donald J. Trump to the presidency. In a new introduction to the paperback edition, Alden addresses the economic challenges now facing the Trump administration, and warns that economic disruption will continue to be among the most pressing issues facing the United States. If the failure to adjust continues, Alden predicts, the political disruptions of the future will be larger still.

The Retreat of Western Liberalism

Author: Edward Luce

Publisher: Atlantic Monthly Press

ISBN: 0802188869

Category: Political Science

Page: 234

View: 3620

"Insightful and harrowing . . . lucidly expounds on the erosion of the West's middle classes, the dysfunction among its political and economic elites and the consequences for America and the world."—Michiko Kakutani, New York Times In his widely acclaimed book Time to Start Thinking, Financial Times chief US columnist and commentator Edward Luce charted the course of America's relative decline, proving to be a prescient voice on our current social and political turmoil. In The Retreat of Western Liberalism, Luce makes a larger statement about the weakening of western hegemony and the crisis of liberal democracy—of which Donald Trump and his European counterparts are not the cause, but a terrifying symptom. Luce argues that we are on a menacing trajectory brought about by ignorance of what it took to build the West, arrogance towards society's economic losers, and complacency about our system's durability—attitudes that have been emerging since the fall of the Berlin Wall. We cannot move forward without a clear diagnosis of what has gone wrong. Unless the West can rekindle an economy that produces gains for the majority of its people, its political liberties may be doomed. The West's faith in history teaches us to take democracy for granted. Reality tells us something troublingly different. Combining on-the-ground reporting with intelligent synthesis of the literature and economic analysis, Luce offers a detailed projection of the consequences of the Trump administration, the rise of European populism, and a forward-thinking analysis of what those who believe in enlightenment values must do to defend them from the multiple onslaughts they face in the coming years.

Maximalist

America in the World from Truman to Obama

Author: Stephen Sestanovich

Publisher: Vintage

ISBN: 0307388301

Category: History

Page: 402

View: 8843

From a writer with long and high-level experience in the U.S. government, a startling and provocative assessment of America's global dominance. Maximalist puts the history of our foreign policy in an unexpected new light, while drawing fresh, compelling lessons for the present and future. When the United States has succeeded in the world, Stephen Sestanovich argues, it has done so not by staying the course but by having to change it—usually amid deep controversy and uncertainty. For decades, the United States has been a power like no other. Yet presidents and policy makers worry that they—and, even more, their predecessors—haven't gotten things right. Other nations, they say to themselves, contribute little to meeting common challenges. International institutions work badly. An effective foreign policy costs too much. Public support is shaky. Even the greatest successes often didn't feel that way at the time. Sestanovich explores the dramatic results of American global primacy built on these anxious foundations, recounting cycles of overcommitment and underperformance, highs of achievement and confidence followed by lows of doubt. We may think there was a time when America's international role reflected bipartisan unity, policy continuity, and a unique ability to work with others, but Maximalist tells a different story—one of divided administrations and divisive decision making, of clashes with friends and allies, of regular attempts to set a new direction. Doing too much has always been followed by doing too little, and vice versa. Maximalist unearths the backroom stories and personalities that bring American foreign policy to life. Who knew how hard Lyndon Johnson fought to stay out of the war in Vietnam—or how often Henry Kissinger ridiculed the idea of visiting China? Who remembers that George Bush Sr. found Ronald Reagan's diplomacy too passive—or that Bush Jr. considered Bill Clinton's too active? Leaders and scoundrels alike emerge from this retelling in sharper focus than ever before. Sestanovich finds lessons in the past that anticipate and clarify our chaotic present.

Capitalism, Socialism, Ecology

Author: Andre Gorz

Publisher: Verso Books

ISBN: 1781680388

Category: Political Science

Page: 160

View: 1726

In this major new book, André Gorz expands on the political implications of his prescient and influential Paths to Paradise and Critique of Economic Reason. Against the background of technological developments which have transformed the nature of work and the structure of the workforce, Gorz explores the new political agendas facing both left and right. Each is in disarray: the right, torn between the demands of capital and the ‘traditional values’ of its supporters, can only offer illusory solutions, while the left either capitulates to these or remains tempted by regressive, ‘fundamentalist’ projects inappropriate to complex modern societies. Identifying the grave risks posed by a dual society with a hyperactive minority of full-time workers confronting a silenced majority who are, at best, precariously employed, Gorz proposes a new definition of a key social conflict within Western societies in terms of the distribution of work and the form and content of non-working time. Taking into account changing cultural attitudes to work, he re-examines socialism’s historical project—which, he contends, has always properly been to lay down the rules and limits within which economic raitonality may be permitted to function, not to create some statist, productivist countersystem. Above all, he offers a vital fresh perspective for the left, whose objective, in his view, must be to extend the sphere to autonomous human activity, and increase the possibilities for individual self-fulfilment. From the Hardcover edition.

Broken Capitalism

This Is How We Fix It

Author: Ferris Eanfar

Publisher: Angelpay Foundation

ISBN: 9780999112106

Category: Business & Economics

Page: 265

View: 7672

Humanity is in trouble. This is the only book you ever need to read to understand exactly what is wrong with our global economy today and how to fix it. Written by International Political Economy expert and former U.S. Government Intelligence operative, Ferris Eanfar. All proceeds go to the nonprofit, nonpartisan AngelPay Foundation.

Global Capitalism

Author: Will Hutton,Anthony Giddens

Publisher: N.A

ISBN: 9781565846746

Category: Business & Economics

Page: 241

View: 9416

This "glorious and frightening read" ("MT Magazine") examines capitalism's place as the universal social and economic order of our time. Now truly global, twenty-first-century capitalism--aided by extraordinary advances in technology and communication and by unfettered global financial markets--has a speed, inevitability, and force that it has not had before. In "Global Capitalism," leading political and economic analysts have gathered to dissect this dangerous new world. Hailed as a "must read" by "Internet Business London," "Global Capitalism" analyzes the current role of the business firm, considers whether the new capitalism is compatible with social cohesion and social justice, and addresses topics ranging from the degradation of the environment to the concentrated control of the media by transnational corporations. The contributors discuss capitalism as a form of culture and way of life, and ask whether it has any viable political rivals. Contributors: Ulrich Beck Manuel Castells Jeff Faux Arlie Russell Hochschild Robert Kuttner Larry Mishel Richard Sennett Vandana Shiva George Soros Polly Toynbee Paul A. Volcker

The Fix

How Nations Survive and Thrive in a World in Decline

Author: Jonathan Tepperman

Publisher: N.A

ISBN: 1101903007

Category: BUSINESS & ECONOMICS

Page: 307

View: 3053

"Identifies 10 pervasive and seemingly impossible challenges including immigration reform, income inequality, political corruption and Islamic terrorism and shows that each has a solution, and not merely a hypothetical one, but one that has been proven in a real hotspot in the world, "--NoveList.

The Great Equalizer

How Main Street Capitalism Can Create an Economy for Everyone

Author: David Smick

Publisher: PublicAffairs

ISBN: 1610397851

Category: Business & Economics

Page: 272

View: 3082

The experts say that America's best days are behind us, that mediocre long-term economic growth is baked in the cake, and that politically, socially, and racially, the United States will continue to tear itself apart. But David Smick-hedge fund strategist and author of the 2008 bestseller The World Is Curved-argues that the experts are wrong. In recent decades, a Corporate Capitalism of top down mismanagement and backroom deal-making has smothered America's innovative spirit. Policy now favors the big, the corporate, and the status quo at the expense of the small, the inventive, and the entrepreneurial. The result is that working and middle class Americans have seen their incomes flat-lining and their American Dreams slipping away. In response, Smick calls for the great equalizer, a Main Street Capitalism of mass small-business startups and bottom-up innovation, all unfolding on a level playing field. Introducing a fourteen-point plan of bipartisan reforms for unleashing America's creativity and confidence, his forward-thinking book describes a new climate of dynamism where every man and woman is a potential entrepreneur-especially those at the bottom rungs of the economic ladder. Ultimately, Smick argues, economies are more than statistical measurements of supply and demand, economic output, and rates of return. Economies are people-their hopes, fears, dreams, and expectations. The Great Equalizer is a call for a set of new paradigms that inspire and empower average American people to reimagine and reboot their economy. It is a manifesto asserting that, with a new kind of economic policy, America's best days lie ahead.

The United States and Global Capitalism

From Bretton Woods to the Current Crisis

Author: Frederick S. Weaver

Publisher: Rowman & Littlefield

ISBN: 1442208899

Category: Business & Economics

Page: 175

View: 9250

Information about the financial world is impossible to ignore in today's depressed global economy. Every day, media outlets bombard us with news and possible explanations for the financial crisis. In The United States and the Global Economy, Frederick Weaver gives readers a concise introduction to the patterns of change in international financial and trade regimes since World War II in order to deepen their understanding of recent global economic turmoil. Weaver has compiled a clear chronology of major events in the international economy to show how they have reflected and shaped changes in the domestic economy of the United States. Although American dominance over the world economy is not as complete as it once was, the United States' domestic economic processes continue to have profound effects on global economic affairs. In addition, Weaver takes this opportunity to familiarize readers with the vocabulary of key elements of international economic analysis and their relationships, such as the differences between balances of trade and balances of payments; foreign direct investment and foreign portfolio investment; and the meaning of most-favored-nation agreements. The United States and the Global Economy is a concise, informative book thatis of interest to anyone seeking to understand the history behind the current financial situation.

Keynes: A Very Short Introduction

Author: Robert Skidelsky

Publisher: OUP Oxford

ISBN: 0191615501

Category: Business & Economics

Page: 208

View: 3992

John Maynard Keynes (1883-1946) is a central thinker of the twentieth century, not just an economic theorist and statesman, but also in economics, philosophy, politics, and culture. In this Very Short Introduction Lord Skidelsky, a renowned biographer of Keynes, explores his ethical and practical philosophy, his monetary thought, and provides an insight into his life and works. In the recent financial crisis Keynes's theories have become more timely than ever, and remain at the centre of political and economic discussion. With a look at his major works and his contribution to twentieth-century economic thought, Skidelsky considers Keynes's legacy on today's society. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.

Deglobalization

Ideas for a New World Economy

Author: Walden Bello

Publisher: Zed Books Ltd.

ISBN: 1848131267

Category: Business & Economics

Page: 167

View: 4900

How to manage the global economy - and, more fundamentally, whether humanity wishes it to go in an ever more market-oriented, transnational corporation-dominated, and capital-footloose direction - is the most important international question of our time. In this short and trenchant history of those bodies -- the World Bank, IMF, WTO, and Group of Seven -- which have promoted this economic globalization, Walden Bello: - Points to their manifest failings; - Examines the major new ideas put forward for reforming the management of the world economy; - Argues for a much more fundamental shift towards a decentralized, pluralistic system of global economic governance allowing countries to follow development strategies sensitive to their own values and particular mix of constraints and opportunities.

The World Turned Upside Down?

The Socialist Register 2019

Author: Leo Panitch,Greg Albo

Publisher: Fernwood Publishing

ISBN: 9781773631431

Category:

Page: 320

View: 6108

The latest edition of the Socialist Register explores a range of pressing issues and asks what we can expect from the recent social and political changes occuring across the globe.

The International Mobility of Talent

Types, Causes, and Development Impact

Author: Andrés Solimano

Publisher: OUP Oxford

ISBN: 0191538566

Category: Business & Economics

Page: 394

View: 6166

Entrepreneurs, technical experts, professionals, international students, writers, and artists are among the most highly mobile people in the global economy today. These talented elite often originate from developing countries and migrate to industrial economies. Many return home with new ideas, experiences, and capital useful for national development, whilst others remain to produce quality goods and services that are useful everywhere in the global economy. The economic potential of globalization is ultimately dependent on the international mobility of highly talented individuals that transfer knowledge, new technologies, ideas, business capacities, and other creative capabilities. Developing countries and advanced economies may both gain from this mobility if it is effectively and smartly managed. This volume, with original contributions from outstanding international experts in the subject, provides a novel analysis of the main determinants and development impact of talent mobility in the global economy.

Fragmentation

New Production Patterns in the World Economy

Author: Sven W. Arndt,Henryk Kierzkowski

Publisher: OUP Oxford

ISBN: 0191589063

Category: Business & Economics

Page: 268

View: 9185

"Fragmentation" is a term used in this volume to describe cross-border component specialization and production-sharing. Examination of recent trade data suggests that offshore sourcing of parts and components, as well as offshore assembly, are assuming an increasing role in the world economy. The theoretical implications of this type of specialization are examined in several chapters with the aid of both Ricardian and Heckscher-Ohlin trade models. Production is first decomposed ("fragmented") into its constituent parts and activities, and then it is at this level that factor-intensities and technologies are calibrated. The implications of intra-product specialization and component trade are investigated under conditions of free, restricted, and preferential trade. The role of multinationals is explored and the importance of cross-border service-links among component activities is examined. Overall, extension of the principle of comparative advantage beyond products to the realm of parts and components is welfare-enhancing. Industries take advantage of offshore sourcing in order to reduce costs and increase competitiveness. Component specialization offers new and additional opportunities for the exploitation of scale economies. Across a broad range of conditions, it raises output and employment. Its effects on wages are spelled out. Trade between advanced, high-wage and developing low-wage countries is an obvious candidate for the two-way application of component specialization. The empirical part of the volume presents an evaluation of new data which allow the separation of trade in components and in final products. It also provides assessments of the role of component specialization in the trade of several countries and regions. In addition to their relevance for trade theorists and country specialists, the studies collected in this volume have interesting implications for the conduct of trade policy. They contradict claims that trade with low-wage countries must be welfare-reducing and they suggest new approaches to industrialization and economic development.

Superpower

Three Choices for America's Role in the World

Author: Ian Bremmer

Publisher: Penguin

ISBN: 0698176391

Category: Political Science

Page: 272

View: 6521

America will remain the world’s only superpower for the foreseeable future. But what sort of superpower? What role should America play in the world? What role do you want America to play? Ian Bremmer argues that Washington’s directionless foreign policy has become prohibitively expensive and increasingly dangerous. Since the end of the Cold War, U.S. policymakers have stumbled from crisis to crisis in Afghanistan, Iraq, Iran, Libya, Syria, and Ukraine without a clear strategy. Ordinary Americans too often base their foreign policy choices on allegiance or opposition to the party in power. We can no longer afford this complacency, especially now that both parties are deeply divided about America’s role in the world. The next presidential election could easily pit an interventionist Democrat against an isolationist Republican—or the exact opposite. As 2016 rapidly approaches, Bremmer urges every American to think more deeply about what sort of country America should be and how it should use its superpower status. He explores three options: Independent America asserts that it’s time for America to declare independence from the responsibility to solve other people’s problems. Instead, Americans should lead by example—in part, by investing in the country’s vast untapped potential. Moneyball America acknowledges that Washington can’t meet every international challenge. With a clear-eyed assessment of U.S. strengths and limitations, we must look beyond empty arguments over exceptionalism and American values. The priorities must be to focus on opportunities and to defend U.S. interests where they’re threatened. Indispensable America argues that only America can defend the values on which global stability increasingly depends. In today’s interdependent, hyperconnected world, a turn inward would undermine America’s own security and prosperity. We will never live in a stable world while others are denied their most basic freedoms—from China to Russia to the Middle East and beyond. There are sound arguments for and against each of these choices, but we must choose. Washington can no longer improvise a foreign policy without a lasting commitment to a coherent strategy. As Bremmer notes, “When I began writing this book, I didn’t know which of these three choices I would favor. It’s easy to be swayed by pundits and politicians with a story to sell or an ax to grind. My attempt to make the most honest and forceful case I could make for each of these three arguments helped me understand what I believe and why I believe it. I hope it will do the same for you. I don’t ask you to agree with me. I ask only that you choose.”

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