Globalisation and Social Risk Management in Europe – A Literature Review
Globalisation and Social Risk Management in Europe – A Literature Review

Author: Juraj Draxler

Publisher: CEPS

Published: 2012

Total Pages: 47

ISBN-13: 9290796634

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Globalisation has become a catch-all term imbuing public discussions with a sense of urgency about something that often cannot even be properly identified. This literature review presents an outline of arguments about what globalisation actually can mean, how to measure it and how to face it. Large parts of the world have seen an explosion in trade, cross-border investment flows and innovation transfers in recent years. Quantitatively, this can be captured in the appropriate statistics. On the other hand, in trying to understand the drivers of these changes, it is necessary to describe the changing institutions and actors that play a significant role in this process. Some authors point to the role of the multinational enterprise as a uniquely defining feature of globalisation. It is difficult to disentangle the effect of globalisation from the evolution of the most-developed economies towards a 'post-industrial' mode of operation. On top of this, countries are increasingly affected by endogenous social changes such as the diminished role of the nuclear family and population ageing (resulting from falling birth rates and rising longevity). Policy-makers face demands to help citizens cope with the risks arising out of this new state of affairs. In addition to describing globalisation, this paper provides an overview of the possible responses. In particular, it focuses on the growing body of literature that seeks to re-focus the attention on social protection as a 'productive factor' and as something that should be seen as part of the larger framework of 'social risk management'. The latter concept stresses the need to look at social protection as only one component of a larger framework, which contains macroeconomic conditions as well as various state, market and individual tools for managing personal risks.

Managing Country Risk in an Age of Globalization
Managing Country Risk in an Age of Globalization

Author: Michel Henry Bouchet

Publisher: Springer

Published: 2018-08-04

Total Pages: 542

ISBN-13: 3319897527

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This book provides an up-to-date guide to managing Country Risk. It tackles its various and interlinked dimensions including sovereign risk, socio-political risk, and macroeconomic risk for foreign investors, creditors, and domestic residents. It shows how they are accentuated in the global economy together with new risks such as terrorism, systemic risk, environmental risk, and the rising trend of global volatility and contagion. The book also assesses the limited usefulness of traditional yardsticks of Country Risk, such as ratings and rankings, which at best reflect the market consensus without predictive value and at worst amplify risk aversion and generate crisis contamination. This book goes further than comparing a wide range of risk management methods in that it provides operational and forward-looking warning signs of Country Risk. The combination of the authors’ academic and market-based backgrounds makes the book a useful tool for scholars, analysts, and practitioners.

The Social Contours of Risk: Risk analysis, corporations and the globalization of risk
The Social Contours of Risk: Risk analysis, corporations and the globalization of risk

Author: Jeanne X. Kasperson

Publisher: Earthscan

Published: 2005

Total Pages: 343

ISBN-13: 1844071758

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The Social Contours of RiskVolume I: Publics, Risk Communication and the Social Amplification of RiskWe live in a 'risk society' where the identification, distribution and management of risks, from new technology, environmental factors or other sources are crucial to our individual and social existence. In The Social Contours of Risk, Volumes I and II, two of the world's leading and most influential analysts of the social dimensions of risk bring together their most important contributions to this fundamental and wide-ranging field.Volume I collects their fundamental work on how risks are communicated among different publics and stakeholders, including local communities, corporations and the larger society. It analyses the problems of lack of transparency and trust, and explores how even minor effects can be amplified and distorted through media and social responses, preventing effective management. The final section investigates the difficult ethical issues raised by the unequal distribution of risk depending on factors such as wealth, location and genetic inheritance - with examples from worker and public protection, facility-siting conflicts, transporting hazardous waste and widespread impacts such as climate change.

Europe and the Management of Globalization
Europe and the Management of Globalization

Author: Wade Jacoby

Publisher: Routledge

Published: 2013-09-13

Total Pages: 171

ISBN-13: 1317986199

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European politicians often speak of their efforts to 'manage globalization.' At one level, this is merely a rhetorical device to make globalization more palatable to citizens and prove that policy-makers are still firmly in control of their country’s fate. This volume argues that the advocacy of managed globalization goes beyond rhetoric and actually has been a primary driver of major European Union (EU) policies in the past twenty years. The EU has indeed tried to manage globalization through the use of five major mechanisms: 1) expanding policy scope 2) exercising regulatory influence 3) empowering international institutions 4) enlarging the territorial sphere of EU influence, and 5) redistributing the costs of globalization. These mechanisms are neither entirely novel, nor are they always effective but they provide the contours of an approach to globalization that is neither ad hoc deregulation, nor old-style economic protectionism. The recent financial crisis may have seemed initially to vindicate the European efforts to manage globalization, but it also represented the limits of such efforts without the full participation of the US and China. The EU cannot rig the game of globalization, but it can try to provide predictability, oversight, and regularity with rules that accommodate European interests. This book was based on a special issue of Journal of European Public Policy.

Globalization and Poverty
Globalization and Poverty

Author: Ann Harrison

Publisher: University of Chicago Press

Published: 2007-11-01

Total Pages: 674

ISBN-13: 0226318001

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Over the past two decades, the percentage of the world’s population living on less than a dollar a day has been cut in half. How much of that improvement is because of—or in spite of—globalization? While anti-globalization activists mount loud critiques and the media report breathlessly on globalization’s perils and promises, economists have largely remained silent, in part because of an entrenched institutional divide between those who study poverty and those who study trade and finance. Globalization and Poverty bridges that gap, bringing together experts on both international trade and poverty to provide a detailed view of the effects of globalization on the poor in developing nations, answering such questions as: Do lower import tariffs improve the lives of the poor? Has increased financial integration led to more or less poverty? How have the poor fared during various currency crises? Does food aid hurt or help the poor? Poverty, the contributors show here, has been used as a popular and convenient catchphrase by parties on both sides of the globalization debate to further their respective arguments. Globalization and Poverty provides the more nuanced understanding necessary to move that debate beyond the slogans.

Globalization and Development
Globalization and Development

Author: José Antonio Ocampo

Publisher: Stanford University Press

Published: 2003

Total Pages: 238

ISBN-13: 9780804749565

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Globalization and Development draws upon the experiences of the Latin American and Caribbean region to provide a multidimensional assessment of the globalization process from the perspective of developing countries. Based on a study by the United Nations Economic Commission for Latin America and the Caribbean (ECLAC), this book gives a historical overview of economic development in the region and presents both an economic and noneconomic agenda that addresses disparity, respects diversity, and fosters complementarity among regional, national, and international institutions. For orders originating outside of North America, please visit the World Bank website for a list of distributors and geographic discounts at http://publications.worldbank.org/howtoorder or e-mail [email protected].

Corporate Diplomacy
Corporate Diplomacy

Author: Witold J. Henisz

Publisher: Routledge

Published: 2017-09-08

Total Pages: 174

ISBN-13: 1351287869

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Managers of multinational organizations are struggling to win the strategic competition for the hearts and minds of external stakeholders. These stakeholders differ fundamentally in their worldview, their understanding of the market economy and their aspirations and fears for the future. Their collective opinions of managers and corporations will shape the competitive landscape of the global economy and have serious consequences for businesses that fail to meet their expectations. This important new book argues that the strategic management of relationships with external stakeholders – what the author calls "Corporate Diplomacy" – is not just canny PR, but creates real and lasting business value.Using a mix of colourful examples, practically relevant tools and considered perspectives, the book hones in on a fundamental challenge that managers of multinational corporations face as they strive to compete in the 21st century. As falling communication costs shrink, the distance between external stakeholders and shareholder value is increasingly created and protected through a strategic integration of the external stakeholder facing functions. These include government affairs, stakeholder relations, sustainability, enterprise risk management, community relations and corporate communications. Through such integration, the place where business, politics and society intersect need not be a source of nasty surprises or unexpected expenses. Most of the firms profiled in the book are now at the frontier of corporate diplomacy. But they didn’t start there. Many of them were motivated by past failings. They fell into conflicts with critical stakeholders – politicians, communities, NGO staffers, or activists – and they suffered. They experienced delays or disruptions to their operations, higher costs, angry customers, or thwarted attempts at expansion. Eventually, the managers of these companies developed smarter strategies for stakeholder engagement. They became corporate diplomats. The book draws on their experiences to take the reader to the forefront of stakeholder engagement and to highlight the six elements of corprate diplomacy.

Institutional Change and Globalization
Institutional Change and Globalization

Author: John L. Campbell

Publisher: Princeton University Press

Published: 2004-08-15

Total Pages: 268

ISBN-13: 9780691089218

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This book is about some of the most important problems confronting social scientists who study institutions and institutional change. It is also about globalization, particularly the frequent claim that globalization is transforming national political and economic institutions as never before.

Globalization and Its Discontents
Globalization and Its Discontents

Author: Joseph E. Stiglitz

Publisher: W. W. Norton & Company

Published: 2003-04-17

Total Pages: 305

ISBN-13: 0393071073

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This powerful, unsettling book gives us a rare glimpse behind the closed doors of global financial institutions by the winner of the 2001 Nobel Prize in Economics. When it was first published, this national bestseller quickly became a touchstone in the globalization debate. Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.