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UK workers are stuck in a low-pay, low-productivity rut, with far too many people working in poor quality, insecure jobs, with little training or chance of getting on. Katy Jones and Ashwin Kumar question the mantra that 'work is the best way out of poverty' and examine the in-work poverty that now defines employment for many.
The state's engagement with people out of work is shown to ignore the needs of lone parents and disabled people, and has little concern for skills and career progression. When coupled with the degradation of social infrastructure, such as child care and transport, the barriers to quality work can become insurmountable. Jones and Kumar's insightful analysis reveals the need to move away from positioning unemployment as a 'behavioural problem' to be corrected by coercive labour market policies to one that considers the wider obstacles to better paid, quality jobs.
Corruption takes many different forms and the systems that enable it are complex and challenging. To best understand corruption, one needs to examine how it operates in practice. Understanding Corruption tells the story of how corruption happens in the real world, illustrated through detailed case studies of the many different types of corruption that span the globe. Each case study follows a tried and tested analytical approach that provides key insights into the workings of corruption and the measures best used to tackle it. The case studies examined include examples of corporate bribery, political corruption, facilitation payments, cronyism, state capture, kleptocracy, asset recovery, offshore secrecy, reputation laundering and unexplained wealth, and actors include businesses, governments, politicians, governing bodies and public servants.
Poverty in modern-day Britain looks different to the form it took in Beveridge's day but it has not disappeared. For 14 million people across the UK the lack of access to the goods and services necessary to live a decent life and to participate fully in society remains a grim reality. Despite rising standards of living, social and economic structures continue to trap those at the bottom in constant job insecurity, ill-health, overcrowded housing and educational disadvantage. Helen Barnard considers what it might take to finally slay the giant of poverty in Britain. She examines how we might build a fairer, more equal society, and what a modern welfare state should aim to achieve, including an honest appraisal of the trade-offs and choices involved in creating it.
In recent years politics has seen an increasing role in economic policymaking for a technocracy of experts. How do politicians feel about this and how do they balance their political and ethical aims with economic expertise? Anna Killick offers an in-depth study of how politicians engage with economists and economic opinion. Based on interviews with politicians from the main parties in France, Germany, Denmark, the UK and USA, the book highlights the role economic opinion plays in politics and the tension that can arise between democracy and technocracy. Deferring to the experts is shown to be neither viable nor desirable, and that we should trust politicians to take the lead role in solving economic problems.
South Korea has the tenth largest economy in the world and is one of only two Asian members of the OECD. It has achieved this remarkable level of economic development since its independence from Japan in 1945. Indeed, it has achieved this transformation, exceptional for any postcolonial state, despite one of the most brutal fratricidal conflicts fought since the Second World War. Sunil Kim and Jonson Porteux chart this astonishing economic and political development and explain the puzzle that is the South Korean economy.
The authors examine how South Korea has developed a highly innovative economy based on advanced technologies and infrastructure - counter-intuitively, given its postcolonial legacy of military leaders and lack of fully developed free markets. The longstanding family-owned and run industrial conglomerates - the chaebol - characteristic of the Korean economy are shown to have been behind the shift to high-tech industrialization, albeit under the strict influence of the state. The challenges of increased global interconnectedness, the precarious and fragile relationship with North Korea, the slowdown of domestic demand, recent assaults on the chaebol and their families, together with the impact of the Covid-19 pandemic, are furthermore addressed.
The book offers new insights and frameworks for understanding the fascinating history and future trajectory of South Korea's political economy as well as the causes and consequences of industrialization and democratization more generally.
As a universal experience school provokes strongly-held opinions. The views of teachers, parents, pupils compete with those of educational theorists, social engineers and ideologues. Although undoubtedly much improved since the time of Beveridge, the provision of education remains beset with challenges. Sally Tomlinson's engaging, and at times personal, journey through Britain's postwar experience of schooling and education reform draws on her many years of working in the sector. She explains how legacies of different systems and countless policy initiatives have led to the persistence of social inequalities, entrenching them in society and perpetuated by the power dynamics that they create between class, race and gender. Furthermore, she shows how the increasing mania for testing, targets, choice and competition, which has made schools into a marketplace and young people into consumers, threatens to undermine schools as a place where citizens can share learning and the democratic values that are needed as much today as they were in Beveridge's time.
Competition between democratic and authoritarian systems is playing out in global cities, where real property rights influence regime legitimacy and economic performance. Two questions inspire debate. Why does the property-owning middle class, which was integral to democratic development in the West, support illiberal governments? Do differences between political systems affect the success of global cities?
Marsha McGraw Olive unravels these questions by comparing urban land governance in Europe and Eurasia. Democracies largely, but not exclusively, perform better than hybrid or authoritarian regimes on real property rights, land-related regulations, and citizen engagement in urban planning. Case studies of Moscow and Istanbul show that urban real property is fundamental to regime stability, bringing wealth to average citizens and favoured elites. This formula, perfected by President Putin, bestows economic but not political benefits to middle-class property owners.
The book argues that all cities need to improve land governance to cope with twenty-first century urban challenges. Cities that respect property rights and put citizens at the centre of urban planning achieve better outcomes. In contrast, illiberal leaders who rely on opaque property deals are inciting public backlash and slowing economic growth. In the global political competition, real property rights are a chink in the authoritarian armour.
New York became the world's first megacity in the 1930s. Since then it has remained the largest city in North America but, globally, it has been surpassed in size by the younger cities of Asia. Nevertheless its metropolitan area is home to 20 million people and it continues to be America's premier city.
The authors examine the New York metropolis through the lens of a series of twenty-first century pressures related to demography, economic growth, urban development, governance, immigration, leadership and globalization. How New York's institutions and policies have either risen to meet these challenges, stagnated in the face of them, or simply failed to resolve them is the focus of the book. In particular, the authors examine the municipality of New York City and how it navigates the increasingly complex battles with higher levels of government over rights to the city and resource needs.
The book examines the shifting tides of corporate centered development, particularly the vibrant financial sector, and how it has leveraged its powerful geopolitical position in the global economy to continue to grow. The question of governance is explored along with the growing reliance on public-private partnerships to manage megacity problems. Mayoral control and leadership are fundamental to meeting the needs of the residential population along with the demands of business. With over three million immigrants, New York is the most diverse city in North America, but it is also among the most segregated. The authors investigate the positive and negative outcomes that such diversity brings.
The Belt and Road Initiative (BRI) is one of the most talked about yet little understood policy initiatives of the People's Republic of China. This book offers a comprehensive, balanced and policy-oriented assessment of the BRI's first ten years and what it has meant for the world's businesses, polities and societies. The authors explore China's role as a globally significant source of development finance and investment capital, and examine the political, economic, normative, environmental and social implications of its increased presence in the world.
Aimed at researchers and academics, business professionals and policy analysts, as well as informed readers, the book seeks to answer some of the most pressing questions that China's rising economic presence in global markets poses: how is the BRI organized? Is it China's grand strategy? Is it green, is it corrupt, and what are its social effects? Is there even a future for the BRI in a world beset by new uncertainties? The book offers a sober analysis of the most prevalent narratives that cast China as a 'threat' and as an 'opportunity' and considers the specific challenges that it presents for the liberal international order.
The advent of digital stablecoins and the continuing decline of cash are prompting central banks across the world to explore developing their own digital currencies. Although few have launched so far, the potential for central bank digital currency (CBDC) promises a revolution in banking.
Michael Lloyd considers the opportunities and threats that the arrival of CBDCs will have for commercial banking and the world's monetary system. The choices facing central banks regarding the use, design and technology of digital currencies are examined as well as the potential impacts on consumer security and privacy.
Mexico City is the second largest city on the American continent, the most populous Spanish-speaking city in the world and the richest city, in terms of GFP, in Latin America. The authors explore the political structures, demography, economy, social issues and public administration that make this megacity distinctive.
Unique and vibrant, Mexico City has been run since the 1990s by left-wing parties with more progressive social and egalitarian concerns about urban problems, and new proposals for different types of state participation. Political changes at the city level has led to changes and fresh approaches in some aspects of social life, including the creation of important local, grass-roots institutions. The book offers quantitative and qualitative assessments of the spatial structure of the city and its distribution of poverty and poor economic outcomes, alongside transportation provision, housing. Deindustrialization and the growth of the service sector alongside an expanding informal economy are also shown to be important dynamics in the economic restructuring of the city.
In 1942 life expectancy at birth was 66 for women and 60 for men. Death was usually due to degenerative and infectious diseases. The greatest postwar success in the fight against disease was the establishment of the NHS and care that was free at the point of delivery. Life expectancy rose dramatically, but since 2011 incremental improvements have stalled and even, in some regions, begun to reverse. Infant mortality rates have crept up and the postcode lottery of health provision underscores the level of social inequality in the UK.
Good health is not simply the absence of disease. It is the collective of physical, social and mental well-being. It is the product of nutrition and genetics, of healthy lifestyles and preventative health interventions. It is the interaction between the conditions in which we live, work, play and age. Yet access to many of the things that make and keep us healthy are not evenly distributed in the population. Achieving good health is then deeply entwined with all aspects of society and cannot simply be solved by policies in one area alone.
In our rediscovery of Beveridge, the shadow of the pandemic looms large. It has never been more urgent to address the underlying causes of disease. And it has never been clearer that these determinants are not only social or physiological, but also political.
Forced to embrace a post-carbon future, or risk serious damage to the planet, we have begun a race for alternatives to the scarce resources that previous generations relied on. In this book, Jonathan Moses and Anne Brigham consider how best we might negotiate the world's scarce pool of natural resources, and avoid the pitfalls of the past.
In order to shift the world's consumption from one set of scarce natural resources to another, they show the need for management regimes that are both politically, as well as environmentally, sustainable. They propose an alternative way to think about resource management for the future, one based on the collective ownership of (stewardship over) nature, and one where the rents resulting from this ownership, like the resources that produce them, belong to the people. Using case studies from particular markets, they demonstrate how such a management model might work to protect our common heritage and allow communities to secure the benefits we can and should expect from scarce resources - our natural dividend.
The nature of conservative ideology is and will continue to be warmly contested. In this short history, Mark Garnett contends that the disagreements have been particularly strong in the instance of British conservatism because the ideological label continues to be used by a prominent political party. Whether hostile or friendly in intent, commentators on conservatism have found it difficult to avoid the assumption that British 'conservatism' must, at all times, be reflected at least to some degree in the policy platforms of the Conservative Party.
This book presents an account of British conservatism which avoids the usual confusion between the ideology and the stated principles of a party which prides itself on an ability to change its views according to circumstances. It shows, since the Tory Party adopted the name 'Conservative' in the 1830s it has become increasingly difficult to associate its varying positions with a coherent 'conservative' position, so that it is more profitable to discuss its ideological history from the perspective of liberalism and nationalism. This argument is presented by tracing the histories of the party and the ideology in separate chapters, whose themes and cast of characters rarely coincide.
During four decades of fast-paced economic growth, China's ascent has reverberated across the full social spectrum, from international relations to technology, from trade to global health, from academia to climate change. Despite disrupting the long-established cultural and political constructs of the postwar liberal international order, Beijing's power remains uneven and limited internationally, whereas the rise of China has been the object of much frenzied reaction within Western civil society. The hostility and new cold war with the United States is a major factor in fuelling debate and speculation.
This book explores the uncertainties and dilemmas China's rise has fuelled for both the US-sponsored liberal order and the Chinese communist elites that are responsible. It provides the tools to understand the contemporary political and media turmoil about China, its causes and its trajectories. It interprets the rise of China through the lenses of global politics and the uneven and combined development of capitalism and its encounter with the authoritarian, one-party system of the Chinese polity.
Well-designed industrial policies can improve a nation's economic performance. Using a range of tools, such as subsidies, tax incentives, infrastructure development, protective regulations, and R&D support, governments are able to support specific industries or economic activities.
Steve Coulter examines the patterns of industrial policymaking across late capitalist societies. Drawing on case studies from a range of countries, each with different growth models, national capabilities, policy traditions, and political/welfare state regimes, he is able to offer a nuanced comparative assessment of states' responses to specific economic challenges. The book draws broad conclusions about the trajectories of industrial policy and highlights key technical and political drivers that policymakers consider when addressing whether best practice should centre on general or nationally-specific approaches. The book also focuses on fresh challenges and opportunities for industrial policy and questions the sustainability of current policy practice.
Syed Mansoob Murshed has been at the forefront of research in the rational choice approach to conflict. His pioneering work over many years has demonstrated that armed conflict is inseparable from inequality and economic development.
This book brings together Murshed's key economic writings on conflict and includes work on conflict causation, sustaining peace agreements, the relationship of conflict and economic progress, the trade-conflict nexus, the effects of conflict on financial deepening and fiscal capacity, as well as case studies of everyday violence and transnational terrorism. The essays cover both theoretical ideas, critical literature reviews, mathematical modelling, and cross-national and subnational econometric empirical analysis.
The enduring nature of war and conflict and uneven economic outcomes make Murshed's work of lasting significance.
Although there is no overt ideological battle in the twenty-first century, citizens in every latitude register growing dissatisfaction with the results delivered by their governments. In the West they increasingly turn to populist forces to seek an easy respite to the frustration caused by the failures of democracy. Other models of governance, such as China's 'autocratic capitalism', rest on technocratic command and control methods that are disdained in the West but whose global appeal is growing mostly due to their perceived ability to deliver. No matter how and where they are practised, these alternatives seem to offer only partial and unsatisfactory answers to increasingly complex questions of governance. In a world ravaged by pandemics and climate crises, migration flows and cyberwars, rigid rule-making imparted from above or populist over-simplifications brewing from below can only represent the extremes of a more sophisticated picture of governing processes.
In this book, Fabrizio Tassinari seeks to rediscover the methods, practices and limits of good governance. By taking inspiration from the Nordic region, where democratic governance has delivered some of its most impressive feats, he shows that populism and technocracy are not the causes of our political malaise; they represent skewed by-products of the most basic instincts in our body politic. They need not be suppressed but channelled and reconciled in our practices of governing.
The airline industry is fundamental to the workings of the global economy. Yet, ironically for an industry of such sheer scale and economic muscle, profit margins are razor thin and many airlines struggle to break even. The precarious economics of the sector were fully revealed when Covid-19 grounded flights across the world prompting many national carriers to seek government bailouts, while smaller airlines collapsed.
In this updated and expanded new edition Volodymyr Bilotkach explains the economic realities of the airline industry and the challenges that the sector now faces after the seismic impact of the Covid-19 pandemic. The impact of such a large-scale external shock on the industry is considered across each of its sectors and for each of its primary economic determinants. The book also includes new material on changes to cost structures, the pricing of add-on services, cargo, airport slot allocation and the impact of climate change.
The book remains a comprehensive introduction to the economics of airlines, how carriers compete, how they develop their business, and how demand and cost structure, coupled with the complex regulatory regime, produces the industry we see today.
The question of free will has preoccupied philosophers for millennia. In recent years the debate has been reinvigorated by the findings of neuroscience and, for some, the notion that we have free will has finally been laid to rest. Not so, says Raymond Tallis. In his quest to reconcile our practical belief in our own agency with our theoretical doubts, Tallis advances powerful arguments for the reality of freedom.
Tallis challenges the idea that we are imprisoned by laws of nature that wire us into a causally closed world. He shows that our capacity to discover and exploit these laws is central to understanding the nature of voluntary action and to reconciling free will with our status as material beings.
Bringing his familiar verve and insight to this deep and most intriguing philosophical question, one that impacts most directly on our lives and touches on nearly every other philosophical problem - of consciousness, of time, of the nature of the natural world, and of our unique place in the cosmos - Tallis takes us to the heart of what we are. By understanding our freedom he reveals our extraordinary nature more clearly.