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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
Trade and the Environment
Nowhere has the divide between advocates and critics of globalization been more striking than in debates over free trade and the environment. And yet the literature on the subject is high on rhetoric and low on results. This book is the first to systematically investigate the subject using both economic theory and empirical analysis. Brian Copeland and Scott Taylor establish a powerful theoretical framework for examining the impact of international trade on local pollution levels, and use it to offer a uniquely integrated treatment of the links between economic growth, liberalized trade, and the environment. The results will surprise many.
The authors set out the two leading theories linking international trade to environmental outcomes, develop the empirical implications, and examine their validity using data on measured sulfur dioxide concentrations from over 100 cities worldwide during the period from 1971 to 1986.
The empirical results are provocative. For an average country in the sample, free trade is good for the environment. There is little evidence that developing countries will specialize in pollution-intensive products with further trade. In fact, the results suggest just the opposite: free trade will shift pollution-intensive goods production from poor countries with lax regulation to rich countries with tight regulation, thereby lowering world pollution. The results also suggest that pollution declines amid economic growth fueled by economy-wide technological progress but rises when growth is fueled by capital accumulation alone.
Lucidly argued and authoritatively written, this book will provide students and researchers of international trade and environmental economics a more reliable way of thinking about this contentious issue, and the methodological tools with which to do so.
eBook
Black is Beautiful
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