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Addresses one of the most pressing issues of international political economy Conventional wisdom has it that government management of the economy is the means to transform a backward economy into a dynamic, modern one. Yet, after decades of international aid programs, development planning is today largely perceived as a failure paralyzed by its own bureaucracy and inefficiency. Despite billions of dollars of investment, development successes are few and far between and waste and mismanagement abounds. This book showcases a diverse range of development experiences in order to ascertain the reasons for this quagmire. Case studies of development planning in China, India, post-WWII Japan, South ...
Soviet managerial culture, however resistant to change, is in fact changing (just as Western managers have begun to grasp some of its written rules). This volume attempts to reveal the direction of those changes. It spotlights the problems that are preparing students, career managers, and the employees of Western ventures for work in a very different environment. The issues (and the pitfalls) are brought to life in reports from the field by some of the Soviet and Western consultants, executives, instructors and students who are pioneers in the conscious creation of a new managerial culture.
The showing of sophisticated modern weapons during the fiftieth anniversary of the Chinese Communist Party heralded China's emergence as a great power in the arena of politics. At the same time, China was finally admitted to the World Trade Organization after thirteen years' negotiation. With its two-digit GNP annual growth rate, China seemed poised to become the second-largest economy in the world. Many analysts argue that China will play an increasingly important role in the future, whether in politics or economics. China Review 2000 features a review of overall changes in the political, economic, social and business environments during the past twenty years of reform, along with perspectives on major issues confronting the People's Republic in the new millennium.
ïBased on extensive interviews with those directly involved in the executive pay setting process _ executives themselves, remuneration committee members, remuneration consultants, and institutional investors _ this excellent study finally explains how, despite repeated regulation over the past twenty years in both the UK and Australia, limits on the amount executives get paid, and a clear relationship between pay and performance remain as elusive as ever. Dr. SheehanÍs study suggests that by targeting the pay setting process rather than pay itself, regulation may have contributed, albeit unintentionally, to the endless upward ratcheting of absolute levels of executive pay.Í _ John Roberts...
The Great Financial Crisis that began in 2007-2008 reminds us with devastating force that financial instability and crises are endemic to capitalist economies. This Handbook describes the theoretical, institutional, and historical factors that can help us understand the forces that create financial crises.
Many accounts of the financial crisis focus on renegade activity in marginal financial sectors. This book argues that far from this pervading view the shadow finance that initiated the crisis is tightly networked with bank-based finance. It traces these networks to explain how the now decade-long crisis took shape.
Corporate governance, the internal policies and leadership that guide the actions of corporations, played a major part in the recent global financial crisis. While much blame has been targeted at compensation arrangements that rewarded extreme risk-taking but did not punish failure, the performance of large, supposedly sophisticated institutional investors in this crisis has gone for the most part unexamined. Shareholding organizations, such as pension funds and mutual funds, hold considerable sway over the financial industry from Wall Street to the City of London. Corporate Governance Failures: The Role of Institutional Investors in the Global Financial Crisis exposes the misdeeds and lapse...
A bold extension of Marx's Capital for the twenty-first century: at once a critique of modern finance and of the societies under its spell. As financial markets expand and continue to refashion the world in their own image, the wealth of capitalist societies no longer presents itself, as it did to Karl Marx in the nineteenth century, as a “monstrous collection of commodities.” Instead, it appears as an equally monstrous collection of financial securities, and the critique of political economy must proceed accordingly. But what would it mean to write Capital in the twenty-first century? Are we really to believe that risk, rather than labor, is now regarded as the true fount of economic va...
India today looms large globally, where it hardly loomed at all twenty years ago. It is likely to be a key global actor throughout the twenty-first century and could well emerge soon as one of the top five global powers. Does the Elephant Dance? seeks to survey the main features of Indian foreign policy. It identifies elements of Indian history relevant to the topic; examines the role therein of domestic politics and internal and external security challenges, and of domestic and international economic factors; and in successive chapters delves into the specifics of India's policy within its South Asian neighbourhood, and with respect to China, the USA, West Asia (the Middle East), East Asia, Europe and Russia, and multilateral diplomacy. It also touches on Indian ties to Africa and Latin America and the Caribbean. India's "soft power", the role of migration in its policy, and other cross-cutting issues are analyzed, as is the role and approach of several categories of foreign policy actors in India. Substantive conclusions close out the volume, and touch, inter alia, on the absence of an organizing framework for Indian foreign policy.
There is something fundamentally wrong with the conventional wisdom in the field of Comparative Politics, Political Theory, and even Political Science as a whole, which rigidly conceptualize and theorize political systems in terms of different categories (e.g., liberal-democratic vs. authoritarian), which are supposed to be distinct and separate, without much mixing of each other, certainly not in any major way. A liberal-democratic political system (like the one in the U.S.), in accordance to this conventional wisdom, is anti-authoritarian (and therefore good). Conversely, an authoritarian political system (like the one in mainland China) is anti-democratic and therefore bad. This book take...