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Global Capital Markets
This book presents an economic survey of international capital mobility from the late nineteenth century to the present. The authors examine the theory and empirical evidence surrounding the fall and rise of integration in the world market. A discussion of institutional developments focuses on capital controls and the pursuit of macroeconomic policy objectives in shifting monetary regimes. The Great Depression emerges as the key turning point in recent history of international capital markets, and offers important insights for contemporary policy debates. Its principal legacy is that the return to a world of global capital is marked by great unevenness in outcomes regarding both risks and rewards of capital market integration. More than in the past, foreign investment flows largely from rich countries to other rich countries. Yet most financial crises afflict developing countries, with costs for everyone.
eBook
Disruptive power : the crisis of the state in the digital age
\"Anonymous. WikiLeaks. The Syrian Electronic Army. Edward Snowden. Bitcoin. The Arab Spring. Digital communication technologies have thrust the calculus of global political power into a period of unprecedented complexity. In every aspect of international affairs, digitally enabled actors are changing the way the world works and disrupting the institutions that once held a monopoly on power. No area is immune: humanitarianism, war, diplomacy, finance, activism, or journalism. In each, the government departments, international organizations and corporations who for a century were in charge, are being challenged by a new breed of international actor. Online, networked and decentralized, these new actors are innovating, for both good and ill, in the austere world of foreign policy. They are representative of a wide range of 21st century global actors and a new form of 21st century power: disruptive power. In Disruptive Power, Taylor Owen provides a sweeping look at the way that digital technologies are shaking up the workings of the institutions that have traditionally controlled international affairs. The nation state system and the subsequent multinational system were founded on and have long functioned through a concentration of power in the state. Owen looks at the tools that a wide range of new actors are using to increasingly control international affairs, and how their rise changes the way we understand and act in the world. He considers the bar for success in international digital action and the negative consequences of a radically decentralized international system. What new institutions will be needed to moderate the new power structures and ensure accountability? And how can governments and corporations act to promote positive behavior in a world of disruptive innovation? Owen takes on these questions and more in this probing and sober look at the frontier of international affairs, in a world enabled by information technology and increasingly led by disruptive innovators. With cutting edge analysis of the fast-changing relationship between the declining state and increasingly powerful non-state actors, Disruptive Power is the essential road map for navigating a networked world\"-- Provided by publisher.
Book
Black is beautiful : a philosophy of black aesthetics
Black is Beautiful identifies and explores the most significant philosophical issues that emerge from the aesthetic dimensions of black life, providing a long-overdue synthesis and the first extended philosophical treatment of this crucial subject.
* The first extended philosophical treatment of an important subject that has been almost entirely neglected by philosophical aesthetics and philosophy of art
* Takes an important step in assembling black aesthetics as an object of philosophical study
* Unites two areas of scholarship for the first time – philosophical aesthetics and black cultural theory, dissolving the dilemma of either studying philosophy, or studying black expressive culture
* Brings a wide range of fields into conversation with one another– from visual culture studies and art history to analytic philosophy to musicology – producing mutually illuminating approaches that challenge some of the basic suppositions of each
* Well-balanced, up-to-date, and beautifully written as well as inventive and insightful
* Winner of The American Society of Aesthetics Outstanding Monograph Prize 2017
eBook
Soil fungal networks maintain local dominance of ectomycorrhizal trees
The mechanisms regulating community composition and local dominance of trees in species-rich forests are poorly resolved, but the importance of interactions with soil microbes is increasingly acknowledged. Here, we show that tree seedlings that interact via root-associated fungal hyphae with soils beneath neighbouring adult trees grow faster and have greater survival than seedlings that are isolated from external fungal mycelia, but these effects are observed for species possessing ectomycorrhizas (ECM) and not arbuscular mycorrhizal (AM) fungi. Moreover, survival of naturally-regenerating AM seedlings over ten years is negatively related to the density of surrounding conspecific plants, while survival of ECM tree seedlings displays positive density dependence over this interval, and AM seedling roots contain greater abundance of pathogenic fungi than roots of ECM seedlings. Our findings show that neighbourhood interactions mediated by beneficial and pathogenic soil fungi regulate plant demography and community structure in hyperdiverse forests.
Associations with mycorrhizal fungi can affect the outcome of plant competition in complex ways. Here the authors use a decade-long field survey and two hyphal exclusion experiments to reveal a critical role of underground fungal networks in facilitating seedling growth and fitness of ectomycorrhizal plants but not arbuscular mycorrhizal plants.
Journal Article