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The Illusion of Control
A challenge to the conventional wisdom surrounding financial risk, providing insight into why easy solutions to control the financial system are doomed to fail Finance plays a key role in the prosperity of the modern world, but it also brings grave dangers. We seek to manage those threats with a vast array of sophisticated mathematical tools and techniques of financial risk management. Too often, though, we fail to address the greatest risk--the peril posed by our own behavior. Jón Daníelsson argues that critical risk is generated from within, through the interactions of individuals and perpetuated by their beliefs, objectives, abilities, and prejudices. He asserts that the widespread belief that risk originates outside the financial system frustrates our ability to measure and manage it, and the likely consequences of new regulations will help alleviate small-scale risks but, perversely, encourage excessive risk taking. Daníelsson uses lessons from past and recent crises to show that diversity is the best way to safeguard our financial system.
The Sociology of Chinese Capitalism in Southeast Asia
Set within the context of ASEAN integration, this book considers how Capitalism from China interacts with the ASEAN Economic Community, considering the issue from a variety of sociological, cultural and economic perspectives. It examines some of the creative strategies – de-sinicization, re-sinicization and re-balancing – employed by local Chinese communities and ASEAN countries to cope with the pressures of Chinese capitalism. The book addresses the phenomenon of Chinese ethnic economic migration, particularly the social capital of being Chinese in South East Asia, as well as community building, the interplay between domestic politics and globalization, and the rise of Chinese tourism related entrepreneurship.
How China Works
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Seeking Truth and Hiding Facts
"A few numbers came to define Chinese politics, until they did not count what mattered and what they counted did not measure up. Seeking Truth argues that the Chinese government adopted a system of limited, quantified vision in order to survive the disasters unleashed by Mao Zedong's ideological leadership, explains how that system worked, and analyzes how problems accumulated in its blind spots leading Xi Jinping to take the regime into a neopolitical turn. Xi's new normal is an attempt fix the problems of the prior system, as well as a hedge against an inability to do so. The book argues that while of course dictators stay in power through coercion and cooptation, they also do so by convincing their populations and themselves of their right to rule. Quantification is one tool in this persuasive arsenal, but it comes with its own perils"--
Socio-Economic Development in Xinjiang Uyghur Autonomous Region
In an unprecedented exploration of space and power in rural Xinjiang, a Chinese region home to the Muslim population of the Uyghurs, this book adopts a grounded theory approach and a trans-ethnic perspective into the complex and sensitive topic of land issues and agricultural land evictions in Xinjiang Uyghur Autonomous Region. By exposing the dynamics of land acquisition and power building in the politically contested space of the region, the author shows how state owned land in a key commercial and cultural hub on the new Silk Road became a commodity, in a context of violent human interactions driven by power. Relying on previously undisclosed material and on a unique field research among ...
The Wrecking of the Liberal World Order
The ‘Liberal World Order’ (LWO) is today in crisis. But what explains this crisis? Whereas its critics see it as the unmasking of Western hypocrisy, its longstanding proponents argue it is under threat by competing illiberal projects. This book takes a different stance: neither internal hypocrisy, nor external attacks explain the decline of the LWO – a deviation from its original lane does. Emerged as a project aiming to harmonize state sovereignty and the market, through the promotion of liberal democracy domestically, and free trade and economic cooperation internationally, the LWO was hijacked in the 1980s: market forces overshadowed democratic forces, thus disfiguring the LWO into a Neoliberal Global Order. The book advocates for a revival of its original intellectual premises, that in the aftermath of World War II marked the zenith of political modernity.
Local Politics and Social Policy in China
Shows how local actors shape social policy in China through distinct priorities and different approaches to governing.
Cities and Stability
Cities and Stability examines the threats that large cities pose to authoritarian regime survival and the ways that regimes respond to those threats, particularly focusing on China's management of urbanization through its household registration (hukou) system.
