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The Power of Greed recommends a shift away from the moralistic way we often go about doing international development. It says we can be too focused on our own ambitions for others and too unaware of what they’re up to on their own behalf. It argues that the desperate and greedy behaviours of the poor and their oppressors are not the enemies of international development, but its potential allies. It also says we ought to resist taking sides in defence of the poor. Productive alliances between oppressed and oppressor are possible if the conditions are right. Furthermore, it says that we need to tie national institutional and economic strengthening measures to the creation of sustainable interest groups at the grassroots. Only they could be in a position to prevent greed and corruption at the top in a sustainable way. For these reasons, The Power of Greed tries to get us to focus on doing more about the opportunity structure in the developing world and, for the rest, to rely on the opportunism of the population.
This book investigates cases in which national and international activities have gone massively wrong, entailing seriously negative consequences, and in which the sophisticated analytical models of social science have ceased to be helpful. Illustrations range from the global financial crisis to the failure to achieve speedy systemic change in the former Soviet Union and the failure to achieve development in the Third World. The analysis uses as a backdrop long-term Russian history and short-term Russian encounters with unrestrained capitalism to develop a framework that is based in the so-called new institutionalism. Understanding the causes of systemic failure is shown to require an approach that spans across the increasingly specialized subdisciplines of modern social science. Demonstrating that increasing theoretical sophistication has been bought at the price of a loss of perspective and the need for sensitivity to the role of cultural and historical specificity, the book pleads the case for a new departure in seeking to model the motives for human action.
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How does international financial integration affect development in newly industrializing countries? Sylvia Maxfield offers a challenging interpretation of the Mexican political economy in light of this complex question. In an increasingly internationalized world, she argues, capital-controlling economic policies can have benefits that, especially for the newly industrializing Latin American countries addressed here, outweigh the efficiency costs of government intervention.
This acclaimed history of Portuguese and Brazilian slaving in the southern Atlantic is now available in paperback. With extraordinary skill, Joseph C. Miller explores the complex relationships among the separate economies of Africa, Europe, and the South Atlantic that collectively supported the slave trade. He places the grim history of the trade itself within the context of the rise of merchant capitalism in the eighteenth century. Throughout, Miller illuminates the experiences of the slaves themselves, reconstructing what can be known of their sufferings at the hands of their buyers and sellers.
The Martínez del Río family was a vigorous contestant in the highly politicized economy of early national Mexico. David Walker’s case study of its successes and failures provides a unique insider’s view of the trials and tribulations of doing business in a hostile environment. The family’s ordeal in Mexico—a series of personal dislocations and traumas—mirrored the painful contractions of an old society reluctantly giving birth to a new nation. Using previously undiscovered primary source materials (including the private correspondence and business records of the family, public notary documents, transcripts of judicial proceedings, and the archives of Mexico’s Ministry of Foreig...
"Today, America faces security challenges that are exceedingly dynamic and complex, in part because of the ever changing mix and number of actors involved and the pace with which the strategic and operational environments change. To meet these new challenges more effectively, the Obama administration advocated strengthening civilian instruments of national power and enhancing America's whole-of-government (WOG) capabilities. Although the need for comprehensive integration and coordination of civilian and military, governmental and nongovernmental, national and international capabilities to improve efficiency and effectiveness of post-conflict stabilization and peacebuilding efforts is widely...
Mark Geiger explores a financial conspiracy at the start of the American Civil War, the impact this had on the intensity of the guerilla campaigns in Missouri & the enduring ramifications for that state through the period of Reconstruction.