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Elites are 'on trial' firstly for their role in the past and shaping the context for the crisis, secondly in terms of how they responded to the crisis and finally in terms of what role they are playing in the aftermath. This book is concerned with what happens when elites are challenged by crisis and helps us understand 'elites on trial'.
Unlike most existing textbooks on the economic history of modern Europe, which offer a country-by-country approach, The Cambridge Economic History of Modern Europe rethinks Europe's economic history since 1700 as unified and pan-European, with the material organized by topic rather than by country. This second volume tracks Europe's economic history through three major phases since 1870. The first phase was an age of globalization and of European economic and political dominance that lasted until the First World War. The second, from 1914 to 1945, was one of war, deglobalization, and depression and the third was one of growing integration not only within Europe but also between Europe and the global economy. Leading authors offer comprehensive and accessible introductions to these patterns of globalization and deglobalization as well as to key themes in modern economic history such as economic growth, business cycles, sectoral developments, and population and living standards.
This book compares sources of worker and employer power in Germany, South Africa, and the United States in order to identify the sources of comparative U.S. decline in union power and to more precisely analyze the nature of labor-movement power. It finds that this power is not confined to allied parties, union confederations, or strikes, but rather consists of the capacity to autonomously translate power from one context to the next. By combining their product, labor market, and labor law advantages through their dominant employers' associations, leading firms are able to impose constraints on labor's free collective bargaining regionally and nationally, defeating employer interests that are more amenable to labor in the process. Through an examination of these patterns of interest organization, the book shows, however, that initial employer advantages prove to be contingent and unstable and that employers are forced to cede to more far-reaching demands of increasingly organized workers.
Male and white privilege are on the decline, yet elite privilege has gone from strength to strength. The privileges enjoyed by the rich and powerful are not only unfair but cause widespread harm, from the everyday slights and humiliations visited on those lower down the scale to the distortions in the labour market when elites use their networks to secure plum jobs, not least in new domains such as professional sports. In this book, Clive Hamilton and Myra Hamilton show that elite privilege is not a mere by-product of wealth but an organising principle for society as a whole. They explore the practices and processes that sustain, legitimise and reproduce elite privilege and show how we are a...
China's increasing role in global economic affairs has placed the country at a crossroads: how many and what types of international capital-market transactions will China permit? How will China's financial system change internally? What kind of relationships will the Chinese government develop with foreign financial institutions, especially with those based in the United States? Can China broker a sustainable partnership with America that will avoid sending economic shock waves throughout the world? Drawing on the contemporary research of prominent international scholars, the experts in this volume outline the trajectory of China's financial markets since the advent of reform and anticipate ...
Based on two unique survey studies of elites in Norway, this book examines whether elite attitudes towards central national issues have changed in the wake of international and national events and developments since 2000. The chapters examine elite integration and relations between elites and citizens in Norway as a means to discuss the continued viability of the Nordic welfare state model. This insight into how elites relate to central issues in Norwegian society and how they look upon citizens’ political interest and competence in general, will be of interest to academics within sociology and political science, as well as journalists and commentators and policy makers.
This title provides an in-depth treatment of the international financial arena. It assumes the viewpoint of the financial manager of a multinational corporation with investment or financial operations in more than one country.
The authors analyze Solvay's 150-year history, showing the enormous impact geopolitical events had on the company and the recent consequences of global competition.
This book is for those interested to know more about Islamic banking. In addition, it provides insights to both regulators and practitioners to focus their efforts in balancing their portfolio and improving the health of their Islamic banks for the future. Past studies have shown that Islamic banks, unlike their conventional banking counterparts, were better able to weather the global financial crisis partly due to the nature of the Islamic finance which prohibits excessive risk taking. In this book, the authors review the Islamic finance in terms of governance and firms characteristics. We elaborate the relationships between corporate governance and firm characteristics with Risk Weighted C...