Capitalism, Not Globalism shows that, while much has been made of recent changes in the international economy, the mechanisms by which politicians control the economy have not changed throughout the postwar period. Challenging both traditional and revisionist globalization theorists, William Roberts Clark argues that increased financial integration has led to neither a widening nor a narrowing of partisan differences in macroeconomic polices or outcomes. Rather, he shows that the absence of partisan differences in macroeconomic policy is a long-standing feature of democratic capitalist societies that can be traced to politicians' attempts to use the economy to help them survive in office. Changes in the structural landscape such as increased capital mobility and central bank independence do not necessarily diminish the ability of politicians to control the economy, but they do shape the strategies they use to do so. In a world of highly mobile capital, politicians manipulate monetary policy to create macroeconomic expansions prior to elections only if the exchange rate is flexible and the central bank is subservient. But they use fiscal policy to induce political business cycles when the exchange rate is fixed or the central bank is independent. William Roberts Clark is Assistant Professor, Department of Politics, New York University.

As the world economy slides into the worst recession since the 1930s, there is fear that hard times will ignite a backlash against free trade policies and globalization more generally. This book explores the political and economic institutional foundations of the bargain of embedded liberalism and the ways domestic institutions shape how governments redistribute the risks and benefits of economic globalization. The author identifies the Anglo-American democracies, because of their majoritarian polities combined with decentralized, competitive economies, as uniquely vulnerable to the contemporary challenges of globalization and the most susceptible to a backlash against it.

What is the hottest American export since 9/11? The contributors to this provocative volume contend that it is Western style globalism—the dominant free market ideology that determines everything from most favored nation status to the declaration of war. In this much-needed post September 11th analysis, an interdisciplinary author team shows how central concepts like globalization, liberty, free markets, and free trade are increasingly being subordinated to and lumped together with the war on terrorism led by the U.S. and its allies.

Europe’s Economic and Monetary Union (EMU) celebrated its tenth anniversary in 2009. Before its birth many observers were concerned about its viability. This volume examines a number of noteworthy concerns that were heard a decade ago and it assesses what has become of them. The contributors to this volume examine various topics. Has EMU been a failure or success? Does EMU require more political integration? What type of deeper integration in the financial market has occurred because of EMU? Does the public like EMU? Does EMU cause a decline of the welfare state, reduce the role of labour unions and are adjustments now made mainly through the labour market? Do countries in EMU become more similar over time? Is EMU sustainable in the long-run? Will EMU survive the global financial crisis? The contributors to this book are leading Political Scientists in the field, and draw on a wealth of research and experience. This book was published as a special issue of the Journal of European Public Policy.

Noam Chomsky - a world renowned linguist, philosopher and outspoken critic of US foreign policy and the media - has consistently written and spoken about the dangers of the nexus between US imperialism and Neo-liberalism. This book explores if the experiences of 'social activists' in India corroborate major tenets of Chomsky's discourse on globalization and US imperialism. The work, although stems primarily from the area of professional social work, is interdisciplinary in nature and would be of interest to anyone interested in understanding the dynamics and politics of development in India.

Christian ethics is less a system of principles, rules, or even virtues, and more of a free and open-ended responsible witness to God's gracious action to be with and for others and the world. Postmodernity has left us with the risky uncertainty of knowing and doing the good. It also leaves us with the global risks of political violence and terrorism, economic globalization and financial crisis, and environmental destruction and global climate change. How should Christians respond to these problems? This book creatively explores how Christian ethics is best understood a witness to God's action, thereby providing the ethical framework for addressing the various problematic social issues that put our world at risk. Haddorff develops the notion of witness through a detailed study of Karl Barth's theological ethics. Barth, he argues, provides a language enabling us to know what a Christian ethics of witness actually looks like in both theory and in practice. In correspondence to God's gracious action, Christians remain free to think and act in faith, hope, and love in respondence to their unique circumstances, even in a world at risk. In their witness, Christians remain confident that God has not abandoned the world but loves and cares for its future.

Why do unemployment, inflation, and growth rates vary across political economies? Why are some capitalist societies more equitable than others? Why is public spending higher in some countries than others? Drawing on insights from political science, economics, and business, this book addresses these and other related questions in the context of advanced capitalist democracies. The first part of the book investigates how macroeconomic performance and policy outcomes such as public spending, tax revenue, and trade openness are shaped by various economic and political institutions as well as democratic politics. The second part probes the effects of economic performance and social changes on domestic politics. At the end of each chapter, key terms, review questions, and a short list of recommended readings are included. Each chapter is designed to familiarize readers with core concepts, theoretical arguments, and empirical evidence related to different substantive themes. With in-text focus boxes and short case studies, this book is ideal for anyone seeking a rigorous introduction to the comparative political economy of advanced political economies, and will be a valuable text on courses in political economy, comparative economics, and related areas.

Written by scholars from a range of disciplines concerned with the Middle East and Islam (history, religious studies, anthropology, sociology, political science) and covering the Muslim world extensively (from Malaysia, Turkey, Sudan, Egypt, and Israel/Palestine to Muslim communities in Europe and the United States), this important contribution to the debate on globalization sets a standard in dealing with this pervasive force in the field of Islamic and Middle Eastern studies.

What happens to European Union (EU) fiscal policy coordination in hard times? Recent accounts of the EU have portrayed the union as plagued by an austerity regime and rampant moral hazard. Charlotte Rommerskirchen provides an alternative account of economic cooperation in Europe during the Great Recession and the European Debt Crisis. Drawing on Mancur Olson's theory of collective action, this volume combines evidence from statistical analysis and extensive interviews with key players. This book reaches an unexpected conclusion regarding the state of collective action in times of crises: Free riding was not rife. Despite heated accusations, member states crisis policies matched their fiscal room for manoeuvre. The real collective action failure is instead diagnosed in the inability to sanction free riders at the EU level and empowering erratic bond markets to discipline governments.

We know very little about variations in urban class and ethnic segregation among nations and even less about differences among cities in different regions of the world. Spatial organization (places and neighbourhoods) matters significantly in some cities in reproducing class relations and ethno-racial hierarchies, but may be much less important in others. The degree and the impact of segregation depend upon contextual diversity. By emphasizing the importance of contextual diversity in the study of urban residential segregation, the book questions currently popular urban theories such as global city, neoliberal urbanism, and gentrification. These theories tend to dissociate cities from their national and regional context and thus ignore their history, culture, politics and institutions. The aim of this book is to introduce the significantly different urban experiences in social and spatial segregation patterns and rationales which exist among the world's regions and to demonstrate that urban theory needs to draw systematically upon this wide range of experiences. The cities selected (Athens, Beijing, Budapest, Copenhagen, Hong Kong, Madrid, Paris, São Paulo, Taipei, and Tokyo) were chosen in order to achieve geographical spread, to maximise the diversity of types of socioeconomic regulation.This volume is thus able to avoid the interpretative limitations and misconstructions resulting from universalizing the Anglo-American experience.