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This chapter briefly reviews the books main arguments and offers limited reforms to improve the Framers design. The deepest challenges involve the characteristically 21st Century debates over COVID, global warming, and the Black Lives Matter movement. Given that even the experts disagree, neither side is likely to persuade the other any time soon. The challenge for the Constitution is to manage the debate for years and even decades. Here the best option is to promote a pragmatic politics that encourages politicians to try different solutions, and just as promptly discard them when they fail. Obvious reforms include safeguards to ensure that key research is never blocked to defend political arguments, and sunset laws that automatically eliminate statutes that fail to show results.
Recent studies of representation in advanced democratic systems have emphasized that class preference profiles toward social policies diverge between different logics and fields of social policy. We leverage newly collected data on voters’ social policy priorities, as well as their perception of parties’ priorities on these same policies, to empirically study social policy representation across these different fields. We show that class biases in perceived social policy representation persist in all areas of social policy; in particular, citizens in lower social classes perceive political parties to deviate from their preferences by not supporting pension and unemployment spending enough, as well as by putting more emphasis than they do on the expansion of education and of benefits supporting immigrants. In a second step, we test whether the presence of strong radical left and/or radical right challenger parties improves perceived social policy representation for citizens in lower social classes. We find some evidence for a mitigating effect of challenger – especially radical left – parties, but basic patterns of class-biased representation persist throughout.
Despite being invariably misunderstood by anglophones and often derided in the English-language financial press, the French economy is one of the world's major economies. For many years characterized by a distinctive economic model in which the French state intervened to correct or prevent market failures, as France has embraced the global market, its economy has increasingly converged with the western norm, but it remains different from its neighbours, particularly Germany and the UK, in a number of important respects.
This general economic history of modern France - the first in the English language for nearly twenty years - provides an authoritative analysis of the workings of the modern French economy since its postwar reforms through to the present day. The book explores the monetary and fiscal policies of successive governments and the country's economic performance through a variety of indicators. In particular the book considers the attempts by the state to correct the regional imbalances associated with the contraction of agriculture and the decline of historically important industries as well as mitigating the dominance of Paris. The parts played by demographic change, migration, inequality, and the European project in French economic development are also investigated alongside the strength and competitiveness of key industries like finance, energy and transport.
The 2020 World Happiness Report ranked Finland, for the third year running, as the world's happiest country.
The 'Nordic Model' has long been touted as the aspiration for social and public policy in Europe and North America, but what is it about Finland that makes the country so successful and seemingly such a great place to live?
Is it simply the level of government spending on health, education and welfare? Is it that Finland has one of the lowest rates of social inequality and childhood poverty, and highest levels of literacy and education?
Finland clearly has problems of its own - for example, a high level of gun ownership and high rates of suicide - which can make Finns skeptical of their ranking, but its consistently high performance across a range of well-being indicators does raise fascinating questions.
In the quest for the best of all possible societies, Danny Dorling and Annika Koljonen explore what we might learn from Finnish success.
Why are measures of stress and anxiety on the rise, when economists and politicians tell us we have never had it so good? While statistics tell us that the vast majority of people are getting steadily richer the world most of us experience day-in and day-out feels increasingly uncertain, unfair, and ever more expensive. In Angrynomics, Eric Lonergan and Mark Blyth explore the rising tide of anger, sometimes righteous and useful, sometimes destructive and ill-targeted, and propose radical new solutions for an increasingly polarized and confusing world. Angrynomics is for anyone wondering, where the hell do we go from here?
Football has been largely exempt from the development of the regulatory state and has been left to govern itself. However, new media have raised the profile of the game and globalization has created new pressures as football clubs become pawns in the ambitions of states, consortia and wealthy individuals. Clubs offer an important sense of identity for fans, but the impersonality and distance of ownership can set up new tensions. In addition, corruption in the international governing body has been a significant problem and the sport's symbiotic relationship with gambling continues to be a concern.
Wyn Grant examines the political economy of football and its uneasy relationship with the market. There are no off-the-shelf solutions for regulation, he argues, but the complexities of the game and its economic size demand more attention from government.
The Economic Consequences of the Peace is one of the most famous books in the history of economic thought. It is also one of the most polemical. Published as a response to what Keynes saw as the grave errors of the Treaty of Versailles, the book predicted that war reparations and other harsh terms imposed on Germany would lead to its collapse, which in turn would lead to devastating consequences for Europe and the wider world. Predictions that we now know to have been all too accurate. Keynes's Economic Consequences of the Peace after 100 Years brings together an international team of experts to assess the legacy of Keynes's best-selling work. It compiles a series of wide-ranging chapters, exploring the varied influence of his ideas and policy contributions. Written in an accessible style, it recovers the importance of this history and examines the continued relevance of Keynes's controversial book.
Few countries have experienced as many political and economic changes as Mozambique. A vast and diverse country, it faced a particularly difficult start after a long period of colonial dominance followed by a deadly war that formally ended only in 1992. However, despite impressive growth after multi-party elections, Mozambique's pattern of growth is fragmented, not sustainable and non-inclusive. Investigating the deep factors that undermine economic development, Mozambique at a Fork in the Road offers an insightful analysis of the historical and political context of Mozambique and its institutional constraints to economic development. It examines sectors that are critical for sustainable growth, such as agriculture, that receive low priority, and the frequent shocks in strategic policy that result in the absence of a clear national development vision. Building on a core set of thematic chapters, this compelling diagnostic tool provides a thorough and structured approach to understanding institutional dimensions of development. This title is also available as Open Access on Cambridge Core.
Chapter 7 briefly recaps the cost-balancing theory and arguments, extends the theory to other issue areas in Chinese foreign policy and the behavior of other states, and finally discusses the implications of this book for the study of international relations and Chinese foreign policy. Building upon existing research on coercion, reputation and credibility, and economic interdependence, this book proposed the cost-balancing theory to explain China’s coercion calculus. The book has implications for understanding China’s grand strategy and predicting China’s future trajectories. Furthermore, this book adds to the burgeoning literature that looks beyond purely military coercive instruments by analyzing how a rising China utilizes nonmilitarized coercion and what drives its decision to choose between military and nonmilitary tools. This book, therefore, contributes to theorizing coercion in an era of global economic interdependence. It sheds new light on policy implications for understanding China’s grand strategy, managing China’s rise, and avoiding great power conflicts, while pointing out potential pathways where the cost-balancing theory can be applied to non-China cases.
Chapter 4 focuses on Chinese coercion in the East China Sea, where China has maritime territorial and jurisdictional disputes with Japan. I explain the trend of Chinese coercion in the East China Sea while conducting two in-depth case studies: the Sino-Japan boat clash incident of 2010 and the incident of Senkaku nationalization in 2012. As the cost-balancing theory argues, the costs and benefits of coercion explain when and how China coerces. In the pre-2005 period, the need to establish resolve was generally low, whereas the economic cost was high. China, therefore, refrained from coercion. The need to establish resolve was briefly higher in 1996 and 1997, but China did not utilize coercion in these cases because of its equally high need for resolve and high economic costs. Because the East China Sea is not China’s core interest, its issue importance is not sufficiently high to justify the use of coercion. When the need to establish a reputation for resolve is high and the economic cost low, China used coercion, as seen in the post-2005 trend and, in particular, the 2010 and 2012 cases. It refrained using from military coercion for fear of potential geopolitical backlash.
The media and US foreign policy elites paint a pessimistic picture of China’s behavior and the likelihood of major conflicts. However, they fail to capture the curious variation in China’s coercive behavior, which is much more nuanced than simplistic predictions that war is imminent. For one, despite the countless forecasts of major wars involving China over the past decade, China has not fought a war since the 1988 Sino-Vietnamese maritime skirmish. Instead, China utilizes a full spectrum of coercive tools, ranging from diplomatic and economic sanctions to gray-zone measures and military coercion. This book examines when, why, and how China attempts to coerce states over threats to its national security. I propose a new cost-balancing theory to explain China’s coercion decisions, while discussing the broader implications for international relations in the concluding chapter. I show that instead of coercing all states and prioritizing military coercion, China is a cautious actor that balances the benefits and costs of coercion. The book identifies the centrality of reputation for resolve and economic cost in driving whether China coerces or not.
Chapter 6 turns to Chinese coercion regarding foreign leaders’ reception of the Dalai Lama, the Tibetan spiritual leader. China did not use coercion against European states over the Dalai Lama visits in the pre-2002 period, despite a high need to establish a reputation for resolve in the 1996–2002 period. The cost-balancing theory would have predicted China would use coercion in this period because Tibet is a core-interest issue. This slight deviance from the theory suggests that China’s economic costs with respect to the United States and Europe, in general, trumped other factors in China’s coercion calculus prior to 2002. Except for during the 1996–2002 period, the patterns of Chinese coercion are in line with the theory’s predictions. Furthermore, China did not coerce all the states that receive the Dalai Lama in the post-2006 period. Instead, it focused on major European countries because the need to establish a reputation for resolve was high in major European countries, whereas the economic cost had lowered. This chapter indicates that the cost-balancing theory does not apply only to security issues but can also generalize to political issues, such as visits with the Dalai Lama.