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Explaining Economic Policy Reversals
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Book Synopsis Explaining Economic Policy Reversals by : Christopher Hood
Download or read book Explaining Economic Policy Reversals written by Christopher Hood and published by . This book was released on 1994-01-01 with total page 167 pages. Available in PDF, EPUB and Kindle. Book excerpt: This work considers the economic policy dinosaurs which apparently went into extinction in the 1980s. They are: the move from "classical" regulation to deregulation; the move from public enterprise to privatization; the move from Keynesian to "monetarist" macroeconomic policy; the shift from rapid growth in government spending and staffing to stabilization and cutbacks; the move from progressive income tax structures towards "flatter taxes"; and the shift from progressive-era public administration to "new public management". None of these major policy shifts were predicted by economists or other mainstream social scientists. The author compares the actual changes with previously established theoretical accounts of what makes policy shift and explores how far the changes can be understood in terms of the power of ideas, the power of interests, the effect of changing social contexts and "self-destructive" dynamics of public policy.
Book Synopsis The Great Reversal by : Thomas Philippon
Download or read book The Great Reversal written by Thomas Philippon and published by Belknap Press. This book was released on 2019 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: American markets, once a model for the world, are giving up on competition. Thomas Philippon blames the unchecked efforts of corporate lobbyists. Instead of earning profits by investing and innovating, powerful firms use political pressure to secure their advantages. The result is less efficient markets, leading to higher prices and lower wages.
Book Synopsis The Great Demographic Reversal by : Charles Goodhart
Download or read book The Great Demographic Reversal written by Charles Goodhart and published by Springer Nature. This book was released on 2020-08-08 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt: This original and panoramic book proposes that the underlying forces of demography and globalisation will shortly reverse three multi-decade global trends – it will raise inflation and interest rates, but lead to a pullback in inequality. “Whatever the future holds”, the authors argue, “it will be nothing like the past”. Deflationary headwinds over the last three decades have been primarily due to an enormous surge in the world’s available labour supply, owing to very favourable demographic trends and the entry of China and Eastern Europe into the world’s trading system. This book demonstrates how these demographic trends are on the point of reversing sharply, coinciding with a retreat from globalisation. The result? Ageing can be expected to raise inflation and interest rates, bringing a slew of problems for an over-indebted world economy, but is also anticipated to increase the share of labour, so that inequality falls. Covering many social and political factors, as well as those that are more purely macroeconomic, the authors address topics including ageing, dementia, inequality, populism, retirement and debt finance, among others. This book will be of interest and understandable to anyone with an interest on where the world’s economy may be going.
Book Synopsis Reversals of Fortune by : Gary Mucciaroni
Download or read book Reversals of Fortune written by Gary Mucciaroni and published by Brookings Institution Press. This book was released on 2010-12-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book, Gary Mucciaroni examines the shifting fortunes of economic interest groups in Washington. He addresses such compelling questions as: Why do policymakers bestow benefits on these groups in some areas of public policy but refrain from doing so in others? Why are benefits given to these industries in one period but revoked at a later time? What conditions and processes shape policymakers' postures toward particular interests, and why do they sometimes change? Mucciaroni compares and contrasts four policy areas—tax incentives, anti-competitive regulations, trade barriers, and agricultural subsidies—where it is possible for interest groups to gain substantial benefits while paying little of the costs. He finds that the fortunes of these groups vary considerably across policies and over time. In explaining these patterns, Mucciaroni argues that interest group fortunes are not shaped so much by the interest groups themselves or their political activities, but rather by what he calls the "issue and institutional contexts." The kinds of issues that become salient, how they are defined in policy debates, and the different institutional arrangements for making policy choices all have a powerful impact on group fortunes. The comparative case study approach allows the author to build generalizations about the relationship between issues, institutions, interests, and policy without sacrificing the rich and nuanced insights found in single case studies.
Book Synopsis The Political Economy of Pension Policy Reversal in Post-Communist Countries by : Sarah Wilson Sokhey
Download or read book The Political Economy of Pension Policy Reversal in Post-Communist Countries written by Sarah Wilson Sokhey and published by Cambridge University Press. This book was released on 2017-10-26 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines how and why policies are reversed by focusing on post-communist backtracking on pension privatization.
Book Synopsis Understanding Regulation by : Robert Baldwin
Download or read book Understanding Regulation written by Robert Baldwin and published by Oxford University Press on Demand. This book was released on 2012 with total page 563 pages. Available in PDF, EPUB and Kindle. Book excerpt: An introduction to the practical and theoretical issues that are central to the study of regulation, which a particular focus on contested areas and how they are dealt with.
Book Synopsis Clashing Over Commerce by : Douglas A. Irwin
Download or read book Clashing Over Commerce written by Douglas A. Irwin and published by University of Chicago Press. This book was released on 2017-11-29 with total page 873 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Foreign Affairs Best Book of the Year: “Tells the history of American trade policy . . . [A] grand narrative [that] also debunks trade-policy myths.” —Economist Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in the Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer. Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present. “Combines scholarly analysis with a historian’s eye for trends and colorful details . . . readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America’s evolving role in the global economy.” —National Review “Magisterial.” —Foreign Affairs
Book Synopsis Learning, Policy Making, and Market Reforms by : Covadonga Meseguer Yebra
Download or read book Learning, Policy Making, and Market Reforms written by Covadonga Meseguer Yebra and published by Cambridge University Press. This book was released on 2009-03-30 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the 1980s and 1990s, market reforms swept the world. It is widely believed that the reformist wave can be partly explained in terms of the lessons learned from policy failures of the past. Whereas this interpretation of events is well established, it has never been empirically proved. Learning and Market Reforms is the first study that tests the impact of policy learning on economic policy choices across time and space. The study supports the popular explanation that on average, governments around the world adopted privatization and trade liberalization, and sustained open capital accounts, as a result of learning from the experience of others.
Book Synopsis Seeds of Destruction by : R. Glenn Hubbard
Download or read book Seeds of Destruction written by R. Glenn Hubbard and published by Financial Times/Prentice Hall. This book was released on 2010-08-13 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you think the current administration is mismanaging the economy straight towards disaster, you're not alone: so do two top economists from both sides of the political aisle. In Seeds of Destruction, former Bush chief White House economist R. Glenn Hubbard and well-known CNBC commentator Peter Navarro explain why current economic policy is a catastrophic failure. Then, they offer a comprehensive, bipartisan blueprint for reversing the decline of America's currency, manufacturing base, and standard of living - setting the stage for the epic policy debates that will precede the 2010 elections. Hubbard and Navarro begin with a "checklist" of what it takes to be a prosperous, democratic nation - and show why Obama's policies (some of Bush's also) fail on every level. They explain why the activist Federal Reserve and Obama fiscal stimulus policies are doing far more harm than good... why we must restore the U.S. manufacturing base, whatever China says about it... how to transform tax policy into an engine of growth and innovation... how to apply the "tough love" needed to save Social Security, Medicare, and Medicaid... why America must resign the job of world policeman... how market-based solutions can finally deliver real energy independence... how to reform our antique financial regulatory system without imposing heavy-handed rules that cause even more trouble.
Book Synopsis The Political Economy of Pension Policy Reversal in Post-Communist Countries by : Sarah Wilson Sokhey
Download or read book The Political Economy of Pension Policy Reversal in Post-Communist Countries written by Sarah Wilson Sokhey and published by Cambridge University Press. This book was released on 2017-10-26 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do governments backtrack on major policy reforms? Reversals of pension privatization provide insight into why governments abandon potentially path-departing policy changes. Academics and policymakers will find this work relevant in understanding market-oriented reform, authoritarian and post-communist politics, and the politics of aging populations. The clear presentation and multi-method approach make the findings broadly accessible in understanding social security reform, an issue of increasing importance around the world. Survival analysis using global data is complemented by detailed case studies of reversal in Russia, Hungary, and Poland including original survey data. The findings support an innovative argument countering the conventional wisdom that more extensive reforms are more likely to survive. Indeed, governments pursuing moderate reform - neither the least nor most extensive reformers - were the most likely to retract. This lends insight into the stickiness of many social and economic reforms, calling for more attention to which reforms are reversible and which, as a result, may ultimately be detrimental.
Book Synopsis Why Nations Fail by : Daron Acemoglu
Download or read book Why Nations Fail written by Daron Acemoglu and published by Currency. This book was released on 2013-09-17 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.
Book Synopsis Renewable Energy Law in Sub-Saharan Africa by : Nana Asare Obeng-Darko
Download or read book Renewable Energy Law in Sub-Saharan Africa written by Nana Asare Obeng-Darko and published by Taylor & Francis. This book was released on 2024-06-03 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contributes to the broader discussion on the development of renewable energy sources for a clean and sustainable energy to drive sustainable growth, energy security and sustainable development. Focusing on sub-Sahara African perspectives, with Ghana as the central case study, this book focuses on how regulatory regimes can be designed to achieve renewable energy targets for electricity production. Exploring the regulatory rationales behind the government’s intervention in the Ghanaian renewable energy sector, it examines whether the regulatory measures adopted by the Ghanaian government are sufficient to attract adequate investment to meet renewable energy integration targets. Assessing the regulatory frameworks of the renewable energy sectors of The Gambia and Nigeria, the book compares these countries to the regulatory approaches to renewable energy development in Ghana. Arguing that there are significant regulatory issues impeding renewable energy development in Ghana, with wider consequences across sub-Saharan Africa, the book suggests solutions which can establish a robust and an effective regulatory framework to achieve renewable energy developmental targets. A comprehensive read, this volume will appeal to scholars and researchers of sustainable development, law and legal studies, environmental laws, development economics, applied industrial economics, energy security, African economy, public policy and regulatory policy. It will also be of interest to professionals and practitioners in policy circles and research think tanks.
Book Synopsis The Governance of British Higher Education by : Ted Tapper
Download or read book The Governance of British Higher Education written by Ted Tapper and published by Springer Science & Business Media. This book was released on 2007-05-05 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: How has the system of governance changed? Do British higher education institutions still exercise autonomous control over their development? In this book, these questions are pursued through a three-pronged strategy. This book will have lessons for those examining higher education on a comparative/international basis. It is a serious piece of analysis i.e. it is purposefully non-polemical, and it is well-written, non-jargonised and accessible.
Book Synopsis The Political Economy of Mexico's Financial Reform by : Osvaldo Santin Quiroz
Download or read book The Political Economy of Mexico's Financial Reform written by Osvaldo Santin Quiroz and published by Routledge. This book was released on 2017-11-01 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title was first published in 2001. An analysis of the political economy of Mexico's financial reform. It is organized in three parts. The first part - chapters one to four - develops the framework, both historical and institutional. The first chapter outlines the theoretical discussion on state autonomy and develops a simple analytical framework to study public policy decisions. The subsequent three chapters address three main themes: external dependency of domestic states on international capital, political change under President Carlos Salinas and financial policy in Mexico. The second part presents the analysis of three main institutional changes to the financial system - development banking reform, commercial banking privatisation and autonomy of the central bank. Each specific case study shows how the reforms conformed to the ideas of the dominant consensus on economic policy and how they delivered an inefficient incentive structure. The third part - chapter eight - brings together all the elements to explain Mexico's 1994 financial crisis.
Book Synopsis Reform and Leadership in the Public Sector by : Joe L. Wallis
Download or read book Reform and Leadership in the Public Sector written by Joe L. Wallis and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'In this new, exciting exposition, Brian Dollery and Joe Wallis (here joined by Linda McLoughlin) continue their unique explorations advancing the frontiers of public administration and political economy with a fresh, challenging, and thought-provoking analysis of the effects and implications of more than two decades of public sector reform.' - Zane Spindler, Simon Fraser University, Canada
Book Synopsis The Political Economy of Corporation Tax by : John Snape
Download or read book The Political Economy of Corporation Tax written by John Snape and published by Bloomsbury Publishing. This book was released on 2011-12-09 with total page 290 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excellent technical writing on corporation tax abounds, but it tends to be inaccessible to public lawyers, political theorists and political economists. Although recent years have seen not only an explosion in public law scholarship but also a reawakening of interest in interpretative political theory and political economy, the potential of these perspectives to illuminate the corporation tax debate has remained unexplored. In this important work, John Snape seeks to reconcile these disparate strands of scholarship and to contribute to a new way of understanding and conceptualising the reform of the law relating to corporate taxation. Drawing on important developments in public law scholarship, the study combines elements of political theory and political economy. It advances a new interpretation of corporation tax law as an instrument of rule, through the maximisation of a nation's economic potential. Snape shows how corporate taxation belongs at the centre of any discussion of economic globalisation, not only because of the potential of national tax systems to influence inward investment decisions but also because of the potential of those decisions to shape the public interest that those tax systems might embody. Following public law and politics models, the book looks afresh at the impact of Britain's political institutions, of the processes of its representative government and of the theory that moulds and orders the values that the corporation tax code contains. This is a timely exploration of cutting-edge issues of public policy.
Book Synopsis Free Trade and its Reception 1815-1960 by : Andrew Marrison
Download or read book Free Trade and its Reception 1815-1960 written by Andrew Marrison and published by Routledge. This book was released on 2002-01-08 with total page 346 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the Corn Laws and their repeal. It brings together leading international experts working in the field from Britain, Europe and the United States. Their contributions range widely over the history, politics and economics of free trade and protectionism in the nineteenth and twentieth centuries; together they provide a landmark study of a vitally important subject, and one which remains at the top of today's international agenda.
