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Social Foundations of Postindustrial Economies

Gosta Esping-Andersen

The Golden Age of post‐war capitalism has been eclipsed, and with it seemingly also the possibility of harmonizing equality and welfare with efficiency and jobs. Most analyses believe that the ... More

The Golden Age of post‐war capitalism has been eclipsed, and with it seemingly also the possibility of harmonizing equality and welfare with efficiency and jobs. Most analyses believe that the emerging post‐industrial society is overdetermined by massive, convergent forces, such as tertiarization, new technologies, or globalization, all conspiring to make welfare states unsustainable in the future. This book takes a second, more sociological and institutional look at the driving forces of economic transformation. What stands out as a result is that there is post‐industrial diversity rather than convergence. Macroscopic, global trends are undoubtedly powerful, yet their influence is easily rivalled by domestic institutional traditions, by the kind of welfare regime that, some generations ago, was put in place. It is, however, especially the family economy that holds the key as to what kind of post‐industrial model will emerge, and to how evolving trade‐offs will be managed. Twentieth‐century economic analysis depended on a set of sociological assumptions that now are invalid. Hence, to grasp better what drives today's economy, it is necessary to begin with its social foundations. After an Introduction, the book is arranged in three parts: I, Varieties of Welfare Capitalism (four chapters); II, The New Political Economy (two chapters); and III, Welfare Capitalism Recast? (two chapters).Less

The Political Economy of Managed Migration: Nonstate Actors, Europeanization, and the Politics of Designing Migration Policies

Georg Menz

European governments have rediscovered labor migration, but are eager to be perceived as controlling unsolicited forms of migration, especially through asylum and family reunion. The emerging ... More

European governments have rediscovered labor migration, but are eager to be perceived as controlling unsolicited forms of migration, especially through asylum and family reunion. The emerging paradigm of managed migration combines the construction of more permissive channels for desirable and actively recruited labor migrants with ever more restrictive approaches towards asylum seekers. Nonstate actors, especially employer organizations, trade unions, and humanitarian nongovernmental organizations, attempt to shape regulatory measures, but their success varies depending on organizational characteristics. Labor market interest associations' lobbying strategies regarding quantities and skill profile of labor migrants will be influenced by the respective system of political economy they are embedded in. Trade unions are generally supportive of well-managed labor recruitment strategies. But migration policymaking also proceeds at the European Union (EU) level. While national actors seek to upload their national model as a blueprint for future EU policy to avoid costly adaptation, top-down Europeanization is recasting national regulation in important ways, notwithstanding highly divergent national regulatory philosophies. Based on field work in and analysis of primary documents from six European countries (France, Italy, United Kingdom, Ireland, Germany, and Poland), this book makes an important contribution to the study of a rapidly Europeanized policy domain. Combining insights from the literature on comparative political economy, Europeanization, and migration studies, this book makes important contributions to all three, while demonstrating how migration policy can be fruitfully studied by employing tools from mainstream political science, rather than treating it as a distinct subfield.Less

Corporate Governance: What Can Be Learned From Japan?

Simon Learmount

This book explores current thinking on corporate governance by way of a detailed study of the governance practices of fourteen Japanese companies. The author of this book was granted extensive access ... More

This book explores current thinking on corporate governance by way of a detailed study of the governance practices of fourteen Japanese companies. The author of this book was granted extensive access to these Japanese companies, as well as to their partner companies, their shareholders, and their banks, and was therefore able to provide a detailed insight into the way that Japanese companies are actually governed on a day-to-day basis. The book suggests that current mainstream conceptualizations of corporate governance are inadequate, as they do not help to understand the way that these Japanese companies are directed and controlled in practice. In the majority of cases, governance operates through a system which draws on the reciprocal obligations, responsibilities, and trust generated in everyday interactions at the individual and organizational level. The conclusions of the research have important implications not only for our understanding of the Japanese system of corporate governance, but also for international corporate governance policy and research in general. In particular, the book commends greater recognition that alongside the currently dominant concern ‘controlling’ the behaviour of company managers, the governance of companies might equally be considered in terms of the responsibilities, reciprocal obligations, and trust inherent in everyday interactions.Less

The Logic of Discipline: Global Capitalism and the Architecture of Government

Alasdair Roberts

The era of economic liberalization, spanning 1978 to 2008, is often regarded as a period in which government was simply dismantled. In fact, government was reconstructed to meet the needs of a ... More

The era of economic liberalization, spanning 1978 to 2008, is often regarded as a period in which government was simply dismantled. In fact, government was reconstructed to meet the needs of a globalized economy. Central banking, fiscal control, tax collection, regulation, port and airport management, infrastructure development—in all of these areas, radical reforms were made to the architecture of government. A common philosophy shaped all of these reforms: the logic of discipline. It was premised on deep skepticism about the ability of democratic processes to make sensible policy choices. It sought to impose constraints on elected officials and citizens, often by shifting power to technocrat-guardians who were shielded from political influence. It placed great faith in the power of legal changes—new laws, treaties, and contracts—to produce significant alterations in the performance of governmental systems. Even before the global economic crisis of 2007-2009, the logic of discipline was under assault. Faced with many failed reform projects, advocates of discipline realized that they had underestimated the complexity of governmental change. Opponents of discipline emphasized the damage to democratic values that followed from the empowerment of new groups of technocrat-guardians. The financial crisis did further damage to the logic of discipline, as governments modified their attitudes about central bank independence and fiscal control, and global financial and trade flows declined. It was the market that now appeared to behave myopically and erratically, and which now insisted that governments should abandon precepts about the role of government that it had once insisted were inviolable. An account of neoliberal governmental restructuring across the world, The Logic of Discipline offers an analysis of how this undemocratic model is unravelling in the face of a monumental and ongoing failure of the market.Less

Social Democracy Inside Out: Partisanship and Labor Market Policy in Advanced Industrialized Democracies

David Rueda

The analysis in this book disputes entrenched interpretations of the comparative political economy of industrialized democracies. It questions, in particular, the widely-held assumption that social ... More

The analysis in this book disputes entrenched interpretations of the comparative political economy of industrialized democracies. It questions, in particular, the widely-held assumption that social democratic governments will defend the interests of labour. The evidence shows that labour has become split into two clearly differentiated constituencies: those with secure employment (insiders) and those without (outsiders). The book focuses on three policy areas: employment protection (representing the main concern of insiders), and active and passive labour market policies (the main concern of outsiders). The main thrust of the argument is that the goals of social democratic parties are often best served by pursuing policies that benefit only insiders. The implication of the book's insider-outsider model is that social democratic government is associated with higher levels of employment protection legislation but not with labour market policy. The book also argues that there are factors that can reduce insider-outsider differences and weaken their influence on social democratic governments. These hypotheses are explored through the triangulation of different methodologies. The book provides an analysis of surveys and macrodata and a detailed comparison of three case-studies: Spain, the UK, and the Netherlands.Less

Access Points: An Institutional Theory of Policy Bias and Policy Complexity

Sean D. Ehrlich

Access Points develops a new theory about how democratic institutions influence policy outcomes. Access Point Theory argues that the more points of access that institutions provide to ... More

Access Points develops a new theory about how democratic institutions influence policy outcomes. Access Point Theory argues that the more points of access that institutions provide to interest groups, the cheaper lobbying will be, and, thus, the more lobbying will occur. This will lead to more complex policy, as policymakers insert specific provisions to benefit special interests, and, if one side of the debate has a lobbying advantage, to more biased policy, as the advantaged side is able to better take advantage of the cheaper lobbying. This book then uses Access Point Theory to explain why some countries have more protectionist and more complex trade policies than others; why some countries have stronger environmental and banking regulations than others; and why some countries have more complicated tax codes than others. In policy area after policy area, this book finds that more access points lead to more biased and more complex policy. Access Points provides scholars a powerful tool to explain how political institutions matter and why countries implement the policies they do.Less

Global Competition: Law, Markets, and Globalization

David Gerber

This book examines the relationship between law and economic globalization. It focuses on national and international efforts to protect the competitive process, exploring the critically important ... More

This book examines the relationship between law and economic globalization. It focuses on national and international efforts to protect the competitive process, exploring the critically important relationships between those two domains and the way the resulting system shapes economic activity in all parts of the world. The laws, institutions, and principles of the international domain increasingly influence national competition law development, and national competition law experience provides both the lenses through which decision makers view transnational competition issues and the incentive structures that generate their competition law decisions. The analysis examines the ideas, institutions, and people that provide the legal framework for global competition; how they evolved, how they operate today, and the forces that are likely to influence their future development. US anti-trust experience has long been at the center of this global governance picture, but European competition law experience is also rich, varied, and potentially of great value for future competition law development. China, Japan, Korea, and newer players in Latin America and Africa will also play a key role in this future, and the analysis pays close attention to them as well. On the basis of this analysis, the book analyzes current global competition law proposals and outlines a strategy that utilizes these discussions, but more specifically addresses global economic development needs. This strategy may be developed within the institutional framework of the WTO, but it may also be pursued independently.Less

Creating the AHRC: An Arts and Humanities Research Council for the United Kingdom in the Twenty-first Century

James Herbert

This is an account of the establishment of the Arts and Humanities Research Council (AHRC) from among the Research Councils of the United Kingdom in 2005. It focuses on the campaign carried forward ... More

This is an account of the establishment of the Arts and Humanities Research Council (AHRC) from among the Research Councils of the United Kingdom in 2005. It focuses on the campaign carried forward from the 1997 Dearing Report to the 2004 Higher Education Act to establish a public agency investing in humanities and arts research that would be equivalent to those funding natural and social science research. Built on interviews with leading participants, regional and national press coverage, and analysis of influential national studies, this book shows how engagement with contemporary issues — the knowledge economy, devolution, and the expansion of higher education — as well as a long tradition of scholarly excellence, led to the fashioning of a new model funding agency: an agency that addressed frontier issues in the arts and humanities such as increasing the scale of research, substantive collaboration with scientific fields, and explicit consideration of the results of research.Less

Migration, Citizenship, and the European Welfare State: A European Dilemma

Carl-Ulrik Schierup, Peo Hansen, and Stephen Castles

This book examines the current dilemmas of liberal anti-racist policies in European societies, linking two discourses that are normally quite separate in social science: immigration and ethnic ... More

This book examines the current dilemmas of liberal anti-racist policies in European societies, linking two discourses that are normally quite separate in social science: immigration and ethnic relations research on the one hand, and the political economy of the welfare state on the other. Gunnar Myrdal’s questions in An American Dilemma are rephrased with reference to Europe’s current dual crisis — that of the established welfare state facing a declining capacity to maintain equity, and that of the nation state unable to accommodate incremental ethnic diversity. The book compares developments across the European Union with the contemporary US experience of poverty, race, and class, highlighting the major moral-political dilemma emerging across the EU out of the discord between declared ideals of citizenship and actual exclusion from civil, political, and social rights. Drawing on case-study analysis of migration, the changing welfare state, and labour markets in the UK, Germany, Italy, and Sweden, the book charts the immense variety of Europe’s social and political landscape.Less

The International Politics of EU-China Relations

Liu Fei

David Kerr (ed.)

The European Union and China have emerged as new international actors. They have an increasingly diverse relationship covering the economy, politics, technology, culture and education; but beyond ... More

The European Union and China have emerged as new international actors. They have an increasingly diverse relationship covering the economy, politics, technology, culture and education; but beyond these two-way linkages EU–China development is also changing the international political environment. One noted US scholar, David Shambaugh, has pointed to a ‘Strategic Triangle’ between the US, the EU, and China. Several other major actors such as Japan, India and Russia are also interested in the ‘EU factor’ in their relations with China; or the ‘China factor’ in their EU relations. This volume presents contributions from scholars from Europe and China, which debate the nature, problems and potential of the emerging strategic relationship between the EU and China. Several papers develop theoretical approaches to regionalism and inter-regionalism. This book provides an overview of EU–China relations and the wider international context, and it will be of interest to anyone interested in international relations.Less

Quantifying the Roman Economy: Methods and Problems

Alan Bowman and Andrew Wilson (eds)

This book contains a number of chapters on the Roman economy which discuss methods of analysing the performance of the economy of the Mediterranean world under Roman imperial rule in the period c.100 ... More

This book contains a number of chapters on the Roman economy which discuss methods of analysing the performance of the economy of the Mediterranean world under Roman imperial rule in the period c.100 BC to AD 350 through quantification. It focuses on the methods and problems involved in identifying and analyzing the characteristics of economic integration, growth, and decline in this period. In particular, it attempts to suggest how a complex and diverse economic world can be better understood by using quantifiable and proxy data to measure these processes in different parts of the Mediterranean world. The data are drawn from both documentary and archaeological sources, and the book emphasizes the need to draw together different kinds of written and artefactual evidence and to describe the ways in which they complement each other. This approach is pursued in a series of analyses of approaches specific economic sectors: demography, urbanization and settlement patterns, the agrarian economy, patterns of trade and commerce, mining, metal supply, and coinage. The book offers a survey of the opportunities for advancing understanding of the economic and technological development of the Roman empire by using the tools and techniques of economic history and statistical analysis.Less

Understanding Reforms: Post-1991 India

Suresh Tendulkar and T.A. Bhavani

This book analyses the background and context of the reforms since 1991, while tracing the remarkable transformation of India from a slow-growing economy to one of the fastest in the world. It ... More

This book analyses the background and context of the reforms since 1991, while tracing the remarkable transformation of India from a slow-growing economy to one of the fastest in the world. It critically analyses the growth strategy under Nehruvian socialism and the slow growth rate of the Indian economy and, thus, draws attention to the factors that led to reforms. It also describes how reforms were sustained in a low-income economy with large diversities and how they successfully survived the emergence of several coalition governments at the centre as well as the increasing regionalization of Indian politics. It shows how reforms unleashed India’s latent entrepreneurship through increasingly liberalized competitive markets and enabled faster and sustained economic growth, which contributed to improved living standards and reduction of abject poverty. It takes stock of specific reforms initiatives undertaken by the government and the challenges that lie ahead.Less

Towards a Labour Market in China

John Knight and Lina Song

This book presents a compilation of studies on China’s labour market. These explore institutional and political constraints on the operation of the market, and their changes over time. The book is ... More

This book presents a compilation of studies on China’s labour market. These explore institutional and political constraints on the operation of the market, and their changes over time. The book is divided into four parts. Part I studies the Chinese labour and wage system under the planned economy, labour market reforms, their evolution, and their consequences. Part II examines the various aspects of the labour market such as wage structure and segmentation. Part III analyses the rural labour market. Part IV discusses the imperfect labour market.Less

Strategy, Economic Organization, and the Knowledge Economy: The Coordination of Firms and Resources

Nicolai J. Foss

This book examines the impact of the knowledge economy on the knowledge production of management studies. It highlights the important parts of theorizing that have emerged within the strategy and ... More

This book examines the impact of the knowledge economy on the knowledge production of management studies. It highlights the important parts of theorizing that have emerged within the strategy and organization fields to accommodate those tendencies thought of as characterising the knowledge economy. It seeks to resolve existing tensions between ‘competence’ and ‘governance’ approaches to organization and strategy.Less