The Political Economy of Adjustment Throughout and Beyond the Eurozone Crisis

The Political Economy of Adjustment Throughout and Beyond the Eurozone Crisis

Author: Michele Chang

Publisher: Routledge

Published: 2019-08-08

Total Pages: 272

ISBN-13: 0429762496

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This volume focuses on the aftermath of the euro crisis and whether the reforms have brought about lasting changes to the economic and political structures of the crisis countries or if the changes were short-term and easily abandoned post-bailout and post-recovery. Starting with an analysis of the state of euro area governance at the onset of the crisis and the ensuing reforms, the book considers structural conditions as well as those specific to the domestic political economy of most of the countries affected by the crisis, including Greece, Ireland, Portugal, Spain, and Italy. It presents up-to-date and incisive analysis of the aftermath of the crisis and suggests how we can situate it within our understanding of different national growth models in Europe. This book will be of key interest to scholars, students and practitioners interested in the Euro Crisis, Economic and Monetary Union, European Union and European politics and more broadly to Comparative Politics, Political Economy, International Relations, Economics, Finance, Business and Industry.


Europe's Crises

Europe's Crises

Author: Manuel Castells

Publisher: John Wiley & Sons

Published: 2017-12-08

Total Pages: 476

ISBN-13: 1509524908

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Today, the European Union is facing a crisis as serious as anything it has experienced since its origins more than half a century ago. What makes this so serious is that it is not a single crisis but rather multiple crises – the euro crisis, the migration/refugee crisis, Brexit, etc. – that overlap and reinforce one another, creating a cumulative array of challenges that threatens the very survival of the EU. For the first time in its history, there is a real risk that the EU could break up. This volume brings together sociologists, economists and political scientists from around Europe to shed light on how the EU got into this predicament. It argues that the multiple crises that have plagued the European Union in the last decade stem to a large extent from flaws in its construction and that these flaws are consequences of the political processes that led to the formation of the EU – in other words, the decisions that made possible the development of the EU created the conditions for the multiple crises it experiences today. This timely and wide-ranging book on one of the most important issues of our time will be of great interest to students and scholars in the social sciences, to politicians and policy-makers and to anyone concerned with Europe and its future.


Political Economies of the Middle East and North Africa

Political Economies of the Middle East and North Africa

Author: Robert Springborg

Publisher: John Wiley & Sons

Published: 2020-03-16

Total Pages: 241

ISBN-13: 1509535616

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Despite its oil wealth, the Middle East and North Africa is economically stagnating. Growth rates are comparatively unfavorable and insufficient to substantially improve citizens’ lives. Whether this economic inertia can be overcome or will continue into the indefinite future is a vital question that confronts both the region and the world. In this book leading Middle East scholar Robert Springborg discusses the economic future of this region by examining the national and regional political causes of its contemporary underperformance. Overgrown, weak MENA states, he explains, have been unable to escape their unfavorable historical legacies. “Limited access orders” and the deep states based in the means of coercion that underpin them undermine state capacities and constrain beneficial, autonomous political and economic activity. Increasingly challenged by their populations, MENA states face the daunting and so far unmet challenge of diversifying non-sustainable, rentier political economies away from direct or indirect dependence on oil and gas revenues. Stagnation of those revenues and failure to generate alternative income sources, combined with rapid population growth, presents the region with an economic challenge that can only be overcome by profound political change.


Eurozone Politics

Eurozone Politics

Author: Philip Giurlando

Publisher: Routledge

Published: 2015-10-23

Total Pages: 199

ISBN-13: 1317376064

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The crisis of the Eurozone has had a significant impact on the politics of Europe. In many countries, the euro was largely interpreted by elites as a development that would ameliorate their nations’ problems. However, recent events have proven the contrary, with the rise of radical right-wing politics and populism across the continent. This book investigates the politics of the euro, with a primary focus on Italy, but also with additional chapters on the UK and Germany. Using a range of original and secondary data, it reconstructs how the euro was interpreted by both elites and non-elites from the late nineties to 2010. By recruiting a large sample of non-elites, it examines perceptions of the euro and the ways in which these views allowed for the justification of painful austerity measures required to enter the Economic and Monetary Union. In doing so, it sheds light on the ways in which non-elites interpret complex political objects like the euro and provides a systemic comparison of the cognitive schema of non-elites and elites. This book will be of key interest to scholars and students of the European Union, European politics, Italian politics, comparative politics and political economy.


Rethinking Governance in Europe and Northeast Asia

Rethinking Governance in Europe and Northeast Asia

Author: Uwe Wissenbach

Publisher: Routledge

Published: 2019-10-23

Total Pages: 243

ISBN-13: 1000707113

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This book explores how nationalism and multilateralism transform international society and global governance. It does so by comparing the governance model of the EU – a constitutionalised and increasingly polycentric form of multilateralism – with Northeast Asia. There nationalist administrations have resisted multilateral commitments and are locked into rivalries instead of pursuing a regional project. Both Europe and Northeast Asia can be seen as success stories of the late 20th/ early 21st centuries, but by having followed different approaches to international governance. The book traces these two trajectories through critical junctures in history to how both regions have dealt with the contemporary challenges of the financial crisis and climate change. During the financial crisis, Europe’s multilateral economic and monetary architecture revealed profound weaknesses whilst national policies allowed much of Northeast Asia to escape the worst of it. On climate change the European Union (EU) has developed effort-sharing governance models to reduce emissions, while Northeast Asian countries are relying on greening national industrial policy. The book argues that global governance has to find the balance between multilateralism and nationalism in order to find collaborative approaches to global challenges. This book provides a fresh take on the EU and on Northeast Asia and develops innovative concepts of international society and polycentric governance. Thus, it will be of considerable interest to researchers and students of global governance, international relations, EU and Asia Studies.


Vox Political: Strong Words and Hard Times

Vox Political: Strong Words and Hard Times

Author: Mike Sivier

Publisher: Lulu.com

Published: 2013-07-18

Total Pages: 351

ISBN-13: 129149314X

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Always irreverent, often scathing, Vox Political has been commenting on the UK political scene since late 2011. Strong Words and Hard Times collects the best articles of 2012 into a handy volume, providing guidance and insight into the facts behind the rhetoric - in a way that everyone can understand.


Crisis in the Eurozone Periphery

Crisis in the Eurozone Periphery

Author: Owen Parker

Publisher: Springer

Published: 2018-02-19

Total Pages: 225

ISBN-13: 3319697218

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This book investigates the causes and consequences of crisis in four countries of the Eurozone periphery – Greece, Spain, Portugal and Ireland. The contributions to this volume are provided from country-specific experts, and are organised into two themed subsections: the first analyses the economic dynamics at play in relation to each state, whilst the second considers their respective political situations. The work debates what made these states particularly susceptible to crisis, the response to the crisis and its resultant effects, as well as the manifestation of resistance to austerity. In doing so, Parker and Tsarouhas consider the implications of continued fragilities in the Eurozone both for these countries and for European integration more generally.


Modern Political Economics

Modern Political Economics

Author: Yanis Varoufakis

Publisher: Routledge

Published: 2012-03-29

Total Pages: 543

ISBN-13: 1136814744

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Once in a while the world astonishes itself. Anxious incredulity replaces intellectual torpor and a puzzled public strains its antennae in every possible direction, desperately seeking explanations for the causes and nature of what just hit it. 2008 was such a moment. Not only did the financial system collapse, and send the real economy into a tailspin, but it also revealed the great gulf separating economics from a very real capitalism. Modern Political Economics has a single aim: To help readers make sense of how 2008 came about and what the post-2008 world has in store. The book is divided into two parts. The first part delves into every major economic theory, from Aristotle to the present, with a determination to discover clues of what went wrong in 2008. The main finding is that all economic theory is inherently flawed. Any system of ideas whose purpose is to describe capitalism in mathematical or engineering terms leads to inevitable logical inconsistency; an inherent error that stands between us and a decent grasp of capitalist reality. The only scientific truth about capitalism is its radical indeterminacy, a condition which makes it impossible to use science's tools (e.g. calculus and statistics) to second-guess it. The second part casts an attentive eye on the post-war era; on the breeding ground of the Crash of 2008. It distinguishes between two major post-war phases: The Global Plan (1947-1971) and the Global Minotaur (1971-2008). This dynamic new book delves into every major economic theory and maps out meticulously the trajectory that global capitalism followed from post-war almost centrally planned stability, to designed disintegration in the 1970s, to an intentional magnification of unsustainable imbalances in the 1980s and, finally, to the most spectacular privatisation of money in the 1990s and beyond. Modern Political Economics is essential reading for Economics students and anyone seeking a better understanding of the 2008 economic crash.


Roller-Coaster

Roller-Coaster

Author: Ian Kershaw

Publisher: Penguin UK

Published: 2018-08-30

Total Pages: 527

ISBN-13: 0241187176

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From one of Britain's most distinguished historians and the bestselling author of Hitler, this is the definitive history of a divided Europe, from the aftermath of the Second World War to the present. After the overwhelming horrors of the first half of the 20th century, described by Ian Kershaw in his previous book as having gone 'to Hell and back', the years from 1950 to 2017 brought peace and relative prosperity to most of Europe. Enormous economic improvements transformed the continent. The catastrophic era of the world wars receded into an ever more distant past, though its long shadow continued to shape mentalities. Europe was now a divided continent, living under the nuclear threat in a period intermittently fraught with anxiety. Europeans experienced a 'roller-coaster ride', both in the sense that they were flung through a series of events which threatened disaster, but also in that they were no longer in charge of their own destinies: for much of the period the USA and USSR effectively reduced Europeans to helpless figures whose fates were dictated to them by the Cold War. There were striking successes - the Soviet bloc melted away, dictatorships vanished and Germany was successfully reunited. But accelerating globalization brought new fragilities. The impact of interlocking crises after 2008 was the clearest warning to Europeans that there was no guarantee of peace and stability. In this remarkable book, Ian Kershaw has created a grand panorama of the world we live in and where it came from. Drawing on examples from all across the continent, Roller-Coaster will make us all rethink Europe and what it means to be European.