This title examines the transformation of Japan's national economy. It employs the concept of the structure of accumulation composed of the organizations of labor, credit and markets. The postwar Japanese miracle trifurcated into prosperous corportions, squeezed workers and parasitic bureaucracy in the slow growth period, 1974-91. The "miracle" continues only for the major Japanese corporations that are East Asianizing and globalizing.
In the 1980s, U.S. officials adopted tax and monetary policies that channeled huge new resources into Wall Street, which fueled a stock market boom. To increase profits and payouts to investors as stock prices soared, corporate managers consolidated businesses, outsourced manufacturing to low-wage countries, and adopted new technologies to increase productivity. Government officials then facilitated mergers and negotiated free trade agreements to speed the process of globalization. Wall Street became an engine of capital accumulation and a force for global change. These developments resulted in massive job losses and stagnant wages for most Americans. Meanwhile, tax cuts and the stock market boom created vast new wealth for the rich, and the top 10 percent seized 50 percent of all income in the United States. The result was growing economic inequality. During the decades that followed, globalization triggered regional economic crises, toppled governments, transformed societies, galvanized economic development in China, and created new forms of wealth and inequality around the world. Then in 2008, a financial crisis rooted in Wall Street triggered the Great Recession, wrecked the legitimacy of globalization as a development strategy, and unleashed populist or "restrictionist" social movements and political parties that challenged globalization and attacked its economic and political foundations. This book examines the origins of globalization in the 1980s, the developments that triggered the Great Recession, and the political and economic forces that contributed to the disintegration of globalization as a force for change in the modern world. After Globalization explains what happened—and what comes next.
Latin America is at a uniquely important juncture in its history and the history of development more generally. Neoliberal market-orientated policies are being called into question, growth has been volatile and equity has stayed the same or worsened. In Latin America there is no clear direction for change. This book presents an alternative development path for Latin America based on an East Asian model. East Asia remains the only developing region so far with high stable and equitable economic development. Based on in depth analysis and the presentation of new and unique material, this study provides a new perspective on the lessons of China's rapid development and examines relations between states and companies that have led to greater success by East Asian companies entering new international markets. More importantly, it highlights how Latin American politics can and must be transformed.
Beyond the Cubicle looks at the hidden ramifications of job insecurity upon workers' intimate lives, personal relationships, and crises of identity and self-worth. The broad and wide-ranging essays explore how changes in work have altered our emotions, reworked the interplay of gender, race and class, and contributed to a contemporary radical individualism in variety of contexts.
China registered double-digit GDP growth for more than three decades. Recently, the rate has slowed down considerably. The slow growth period, which Chinese policymakers refer to as the 'new-normal', has created enormous curiosity among scholars and policymakers. In particular, scholars often tend to project if China is destined to follow Japan's fate. Insufficient reforms in the banking sector in commensuration with the real economy in Japan resulted in an unprecedented financial catastrophe. Similarly, an asymmetric development between the Chinese banking sector and the real economy is observed. This leads to an interesting question: is China destined to meet Japan's legacy? This Element attempts to answer this question. In so doing, it delves deep into the banking sector reforms of China. The Element concludes that China is not on course to meet an immediate financial chaos, but the country needs further banking reforms to avoid a potential crisis.
Understanding Globalization introduces students to the concept of globalization, providing an essential history, overview of key themes and theories, and a wealth of engaging examples. The fifth edition has been completely revised to connect with students today, opening with a discussion of the far-reaching causes and effects of the recent financial crisis and including new material on global migration patterns, ISIS, and more, while maintaining the book’s accessible and student-friendly style. The book begins by examining the roots of the recent global financial crisis, looking at the roles of inflation, the housing crisis, Wall Street, policy makers, and more. It also explores the varying impact of globalization—from democratization and equality in some countries to destabilization and inequality in others. The fifth edition of Understanding Globalization is a compelling and current introduction to the myriad influences of globalization in our lives.
ARE WE ALONE IN THE UNIVERSE? In his latest far-reaching book, The Fifth Miracle, internationally acclaimed physicist and writer Paul Davies confronts one of science's great outstanding mysteries -- the origin of life. Three and a half billion years ago, Mars resembled Earth. It was warm and wet and could have supported primitive organisms. If life once existed on Mars, might it have originated there and traveled to Earth inside meteorites blasted into space by cosmic impacts? Davies builds on the latest scientific discoveries and theories to address the larger question: What, exactly, is life? Is it the inevitable by-product of physical laws, as many scientists maintain, or an almost miraculous accident? Are we alone in the universe, or will life emerge on all Earth-like planets? And if there is life elsewhere in the universe, is it preordained to evolve toward greater complexity and intelligence? On the answers to these deep questions hinges the ultimate purpose of mankind -- who we are and what our place might be in the unfolding drama of the cosmos.
This book traces the influences that have shaped the secondary school history curriculum during Hong Kong's prolonged political transition between the 1960s and the early 21st century, focusing especially on the relationship between history teaching and identity formation. The author's experience as a local history teacher during the mid-1990s made him conscious of the peculiarities of the history curriculum at the time; in particular, the neglect of Hong Kong's own history in both syllabuses and textbooks, and the unique division between 'History' and the entirely separate subject of 'Chinese History'.
Regional inter-governmental human rights organizations have been in operation for sometime in Europe, the Americas and Africa. These regional human rights mechanisms have proven to be useful and effective in comparison to the global human rights mechanisms available at the United Nations. The purpose of this study, first published in 2004, is to investigate the possibility of establishing a regional inter-governmental human rights mechanism in East Asia, with a focus on the contributions of nongovernmental organizations' (NGOs) to such a development.
