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Macroeconomic Policy Redistribution And Democracy
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Book Synopsis Macroeconomic Policy, Redistribution and Democracy by : Michael Albertus
Download or read book Macroeconomic Policy, Redistribution and Democracy written by Michael Albertus and published by . This book was released on 2013 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: A growing literature concludes that modern democracies have not adopted policies that benefit the majority to the extent predicted by social conflict theory. The most prominent reason is that globalization ties the hands of policymakers, making it hard for them to redistribute. Yet while progressive taxation has declined, we find that redistributive spending is higher in many democracies than would be expected by today's high levels of capital mobility. We also find that democratic countries that tend to appeal to the majority of the population, which we proxy for with the adoption of their own constitution after transition, use redistributive macroeconomic policies as an endrun around fiscal constraints. While popular democracies adopt flexible exchange rates that give them monetary autonomy, exhibit higher levels of inflationary finance, and incur more foreign debt, elite-biased democracies are more restrained. The latter also have smaller governments and engage in lower levels of redistributive spending.
Book Synopsis Income Redistribution, Inequality and Democracy by : Hwan Joo Seo
Download or read book Income Redistribution, Inequality and Democracy written by Hwan Joo Seo and published by Taylor & Francis. This book was released on 2024-06-03 with total page 139 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines why democracy has failed to deliver effective solutions to income inequality problems over the last four decades, and if democracy can offer solutions to various increases in inequality in the future. It also addresses what elements are necessary for democracy to serve as an effective alternative for addressing inequality issues. Historical experiences over the past 40 years, including the global financial crisis, not only underscore the need for fresh perspectives on income inequality in economics but also question the ability of democracy to continue providing alternatives for addressing the escalating forms of inequality. Seo and Kang’s response to these inquiries diverge from conventional research in several significant ways. Primarily, what sets this research apart from existing studies is its intensified focus on income inequality as a product of the complex interplay between the political and economic domains, rather than a standalone examination of income inequality in isolation. Through a political economy perspective, this book argues that income inequality and income redistribution are shaped by the institutions, policies, and laws generated by the political system, with their formation and nature being determined by the power distribution among socio-political groups. A useful resource not only to researchers who study political phenomena in the field of economics, but also to scholars who study economic phenomena in the field of politics. Furthermore, it will be particularly intriguing for policy makers concerned with issues of inequality and income redistribution.
Book Synopsis Income Redistribution, Inequality and Democracy by : Joo Seo Hwan
Download or read book Income Redistribution, Inequality and Democracy written by Joo Seo Hwan and published by . This book was released on 2024 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book answers why democracy has failed to deliver effective solutions to income inequality problems over the last four decades, and if democracy can offer solutions to various increases in inequality in the future. It also addresses what elements are necessary for democracy to serve as an effective alternative for addressing inequality issues. Historical experiences over the past 40 years, including the global financial crisis, not only underscore the need for fresh perspectives on income inequality in economics but also question the ability of democracy to continue providing alternatives for addressing the escalating forms of inequality. Seo and Kang's response to these inquiries diverge from conventional research in several significant ways. Primarily, what sets this research apart from existing studies is its intensified focus on income inequality as a product of the complex interplay between the political and economic domains, rather than a standalone examination of income inequality in isolation. Through a political economy perspective, this book argues that income inequality and income redistribution are shaped by the institutions, policies, and laws generated by the political system, with their formation and nature being determined by the power distribution among socio-political groups. A useful resource not only to researchers who study political phenomena in the field of economics, but also to scholars who study economic phenomena in the field of politics. Furthermore, it will be particularly intriguing for policymakers concerned with issues of inequality and income redistribution"--
Book Synopsis Federalism and Social Policy by : Scott L Greer
Download or read book Federalism and Social Policy written by Scott L Greer and published by University of Michigan Press. This book was released on 2019-05-24 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federalism and Social Policy focuses on the crucial question: Is a strong and egalitarian welfare state compatible with federalism? In this carefully curated collection, Scott L. Greer, Heather Elliott, and the contributors explore the relationship between decentralization and the welfare state to determine whether or not decentralization has negative consequences for welfare. The contributors examine a variety of federal countries, including Spain, Canada, and the United Kingdom, asking four key questions related to decentralization: (1) Are there regional welfare states (such as Scotland, Minnesota, etc.)? (2) How much variation is there in the structures of federal welfare states? (3) Is federalism bad for welfare? (4) Does austerity recentralize or decentralize welfare states? By focusing on money and policy instead of law and constitutional politics, the volume shows that federalism shapes regional governments and policies even when decentralization exists.
Book Synopsis Financial Openness, Democracy, and Redistributive Policy by : Mansoor Dailami
Download or read book Financial Openness, Democracy, and Redistributive Policy written by Mansoor Dailami and published by World Bank Publications. This book was released on 2000 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt: What explains the spread of both democracy and financial openness at this time in history, given the constraining impact of financial market integration on national policy autonomy? International policy coordination is part of the answer, but not all. Also important is the presence of cost-effective redistributive schemes that provide insurance against the risk of financial instability.
Book Synopsis Redistribution, Inequality, and Growth by : Mr.Jonathan David Ostry
Download or read book Redistribution, Inequality, and Growth written by Mr.Jonathan David Ostry and published by International Monetary Fund. This book was released on 2014-02-17 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the Fund’s mandate is providing advice that will enable members’ economies to grow on a sustained basis. But the Fund has rightly been cautious about recommending the use of redistributive policies given that such policies may themselves undercut economic efficiency and the prospects for sustained growth (the so-called “leaky bucket” hypothesis written about by the famous Yale economist Arthur Okun in the 1970s). This SDN follows up the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth (except in extreme cases). One should be careful not to assume therefore—as Okun and others have—that there is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a conclusion.
Book Synopsis Macroeconomic Policies of Developed Democracies by : Robert J. Franzese, Jr
Download or read book Macroeconomic Policies of Developed Democracies written by Robert J. Franzese, Jr and published by Cambridge University Press. This book was released on 2002-02-11 with total page 333 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book synthesizes and extends modern political-economic theory to explain the postwar evolution of macroeconomic policy in developed democracies. Chapters 2-4 study transfers, debt, and monetary/wage policy-making and outcomes, stressing that participation enhances transfer-policy responsiveness to inequality and vice versa, that policy-making veto actors retard fiscal-policy adjustments, inducing greater long-run debt-responses to all other political-economic stimuli, and that monetary policy's nominal and real effects depend, respectively, on the broader political-economic interest-structure and on wage-price bargainers' sectorial composition and coordination. Broadly, the book argues that these developments have exacerbated the distributional conflicts inherent in the policies to which postwar governments had committed while undermining their more-universally desired efficiency-fostering roles. Battles that once raged primarily over policies conducted within postwar-commitment frameworks now rage over the putative 'reforms' of the frameworks that will set the institutional rules within which democratic struggle over macroeconomic policy and free-market competition will continue.
Book Synopsis Making Democracy Work by : Macroeconomic Research Group
Download or read book Making Democracy Work written by Macroeconomic Research Group and published by Oxford University Press, USA. This book was released on 1993 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: MERG has become convinced that a sea change in economic policy is essential to generate growth in the next few years. It can demonstrate that its proposed policy framework is both coherent and affordable. The MERG proposals offer a radically different vision of the future of South Africa. They have been designed to address the current imbalances, through direct intervention, in a way which would benefit all sections of the South African population within a short period of time. MERG took the objectives of the democratic movement as its starting point. The aim of the MERG framework is, therefore, to secure a rapid improvement in the quality of the daily lives of South Africa's poorest, most oppressed and disadvantaged people. The strategy stresses programmes to: initiate job creation and training programmes for the unemployed; improve the status of the poorest women in the rural areas; improve the availability and quality of education, health, housing and electrification; raise the level of wages of low-income workers, and; dramatically improve the skills of employed workers.
Book Synopsis Political Parties, Games and Redistribution by : Rosa Mulé
Download or read book Political Parties, Games and Redistribution written by Rosa Mulé and published by Cambridge University Press. This book was released on 2001-01-08 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of the impact of party politics on income redistribution policy in liberal democracies.
Download or read book Unequal Democracies written by Noam Lupu and published by Cambridge University Press. This book was released on 2023-12-21 with total page 387 pages. Available in PDF, EPUB and Kindle. Book excerpt: While economic inequality has risen in every affluent democracy in North America and Western Europe, the last three decades have also been characterized by falling or stagnating levels of state-led economic redistribution. Why have democratically accountable governments not done more to distribute top-income shares to citizens with low- and middle-income? Unequal Democracies offers answers to this question, bringing together contributions that focus on voters and their demands for redistribution with contributions on elites and unequal representation that is biased against less-affluent citizens. While large and growing bodies of research have developed around each of these perspectives, this volume brings them into rare dialogue. Chapters also incorporate analyses that center exclusively on the United States and those that examine a broader set of advanced democracies to explore the uniqueness of the American case and its contribution to comparative perspectives. This book is also available as Open Access on Cambridge Core.
Book Synopsis Democracy and Redistribution by : Carles Boix
Download or read book Democracy and Redistribution written by Carles Boix and published by Cambridge University Press. This book was released on 2003-07-21 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt: Employing analytical tools borrowed from game theory, Carles Boix offers a complete theory of political transitions, in which political regimes ultimately hinge on the nature of economic assets, their distribution among individuals, and the balance of power among different social groups. Backed up by detailed historical work and extensive statistical analysis that goes back to the mid-nineteenth century, this book explains, among many other things, why democracy emerged in classical Athens. It also discusses the early triumph of democracy in both nineteenth-century agrarian Norway, Switzerland and northeastern America and the failure in countries with a powerful landowning class.
Book Synopsis Paradigms of Justice by : Denise Celentano
Download or read book Paradigms of Justice written by Denise Celentano and published by Taylor & Francis. This book was released on 2020-10-28 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the relation between redistribution and recognition, two key paradigms in the contemporary discourse on justice. Combining insights from the traditions of critical social theory and analytical political philosophy, the volume offers a multifaceted exploration of this incredibly inspiring conceptual couple from a plurality of perspectives. The chapters engage with concepts such as universal basic income, property-owning democracy, poverty, equality, self-respect, pluralism, care, and work, all of which have an impact on individuals’ recognition as well as on distributive policies. An important contribution to the field of political and social philosophy, the volume will be useful to scholars and researchers of politics, law, human rights, economics, social justice, as well as policymakers.
Book Synopsis Inequality, Democracy, and Growth in Brazil by : Marcos Mendes
Download or read book Inequality, Democracy, and Growth in Brazil written by Marcos Mendes and published by Academic Press. This book was released on 2014-11-19 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: In terms accessible to non-economists, Marcos José Mendes describes the ways democracy and inequality produce low growth in the short and medium terms. In the longer term, he argues that Brazil has two paths in front of it. One is to create the conditions necessary to boost economic performance and drive the country toward a high level of development. The other is to fail in untying the political knot that blocks growth, leaving it a middle-income country. The source of his contrasting futures for Brazil is inequality, which he demonstrates is a relevant variable in any discussion of economic growth. Inequality illuminates causes of seemingly-unconnected problems. This book, which includes freely-accessible documents and datasets, is the first in-depth analysis of an issue that promises to become increasingly prominent. - Contrasting visions of Brazil's future described in economic terms - Easy-to-understand graphs and tables illustrate analytical arguments - All Excel-based data available on a freely-accessible website
Download or read book Divide and Deal written by Ian Shapiro and published by NYU Press. This book was released on 2010-07-12 with total page 366 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why are democracies so unequal? Despite the widespread expectation that democracy, via expansion of the franchise, would lead to redistribution in favor of the masses, in reality majorities regularly lose out in democracies. Taking a broad view of inequality as encompassing the distribution of wealth, risk, status, and well-being, this volume explores how institutions, individuals, and coalitions contribute to the often surprising twists and turns of distributive politics. The contributors hail from a range of disciplines and employ an array of methodologies to illuminate the central questions of democratic distributive politics: What explains the variety of welfare state systems, and what are their prospects for survival and change? How do religious beliefs influence people’s demand for redistribution? When does redistributive politics reflect public opinion? How can different and seemingly opposed groups successfully coalesce to push through policy changes that produce new winners and losers? The authors identify a variety of psychological and institutional factors that influence distributive outcomes. Taken together, the chapters highlight a common theme: politics matters. In seeking to understand the often puzzling contours of distribution and redistribution, we cannot ignore the processes of competition, bargaining, building, and destroying the political alliances that serve as bridges between individual preferences, institutions, and policy outcomes.
Author :Jan Aart Scholte, Professor of Global Studies Publisher :Rowman & Littlefield ISBN 13 :1783487763 Total Pages :192 pages Book Rating :4.7/5 (834 download)
Book Synopsis New Rules for Global Justice by : Jan Aart Scholte, Professor of Global Studies
Download or read book New Rules for Global Justice written by Jan Aart Scholte, Professor of Global Studies and published by Rowman & Littlefield. This book was released on 2016-04-12 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is action-oriented and empowering, presenting concrete proposals that could reduce the most deplorable global inequalities. It asks: how did we get here?; where do we want to go instead?; and how do we get there?
Book Synopsis Economic Origins of Dictatorship and Democracy by : Daron Acemoglu
Download or read book Economic Origins of Dictatorship and Democracy written by Daron Acemoglu and published by Cambridge University Press. This book was released on 2006 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book develops a framework for analyzing the creation and consolidation of democracy. Different social groups prefer different political institutions because of the way they allocate political power and resources. Thus democracy is preferred by the majority of citizens, but opposed by elites. Dictatorship nevertheless is not stable when citizens can threaten social disorder and revolution. In response, when the costs of repression are sufficiently high and promises of concessions are not credible, elites may be forced to create democracy. By democratizing, elites credibly transfer political power to the citizens, ensuring social stability. Democracy consolidates when elites do not have strong incentive to overthrow it. These processes depend on (1) the strength of civil society, (2) the structure of political institutions, (3) the nature of political and economic crises, (4) the level of economic inequality, (5) the structure of the economy, and (6) the form and extent of globalization.
Book Synopsis Economic and Political Democracy in Complex Times by : Andrés Solimano
Download or read book Economic and Political Democracy in Complex Times written by Andrés Solimano and published by Taylor & Francis. This book was released on 2022-07-29 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of economic democracy is traditionally identi?ed with workplace democracy and participation at the enterprise level. This is a very important dimension, but the concept of new economic democracy also recognizes that, in a world of increasing complexity, the principles of democratic deliberation and social participation have to be applied to other areas as well. This book takes a fresh look at economic democracy from various perspectives. It provides rich historical narratives of episodes of social participation in the economy and society, more broadly, from the 19th to the 21st century. It dissects the various analytical underpinnings informing the theory of economic democracy connecting it with collective choice, social contract theory, Marxian analysis and libertarian critiques. The book identi?es new areas of application of the principles of democratic deliberation and oversight such as the adoption of austerity policies, the signing of free trade agreements, the conduct of central bank policies, international investment treaties and natural resource management. It takes a guided tour through the evolution of economic, social and cultural rights and their impact on the design and implementation of social policy and the welfare/ developmental state. The book expands the notion of economic democracy from factory level to the macro-economy and then to global economic governance. It also discusses the critical links between political democracy and economic democracy and the need for a more democratic and socially equitable economy in the 21st century. This volume will ?nd an audience among economists, political scientists, social activists, philosophers and sociologists.
