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Hilpold P: WTO

System und Funktionsweise der Welthandelsordnung

How the euro survived a series of crises, and how to make it more resilient The euro has survived crises unimagined at its founding: the financial meltdown of 2007–2009, the sovereign debt crisis of 2010–2012, the pandemic, and the Russian invasion of Ukraine. The European Central Bank fought these crises with dramatic policy innovations, buying up vast amounts of debt and providing large loans to banks. But now everyone expects the ECB to intervene routinely, and the euro is more fragile as a result. Crisis Cycle recounts this history and offers recommendations for restoring a durable monetary union. Monetary and fiscal policy are intertwined, especially in a currency union like the eurozone. Member states can be tempted to borrow and spend too much, and then count on the ECB to rescue them by printing money to buy their bonds. To avoid these disincentives, the ECB was founded with a narrow mandate: use interest rates to pursue price stability, and don’t buy sovereign debt. Debt and deficit rules would keep countries from getting into trouble. The ECB’s emergency innovations brought back these disincentives. How can the EU avoid larger and larger bailouts? The authors argue that Europe needs a joint fiscal institution that can provide temporary help to sovereigns, a resolution mechanism so sovereign default is a motivating possibility, and bank reform that ensures sovereign default will not bring down the financial system. This timely book shows how to restore the euro’s ambitious and effective founding framework. The unique group of authors combine extensive policy experience and authoritative academic credentials.

Challenges, Evolution, and Future of the Euro

Crisis Cycle

Palgrave Studies in Classical Liberalism

In a world where social complexity defies linear explanation, this book offers a groundbreaking methodology for understanding how and why societies transform. At its core is a systematic repertoire of 48 causal mechanisms—from individual psychology to institutional dynamics—providing powerful analytical tools for decoding social change. This interdisciplinary framework transcends traditional boundaries, integrating insights from sociology, political science, economics, philosophy, and history into a unified language for the social sciences. Moving beyond abstract theory, Bellanca demonstrates how to identify ‘sufficient causes’—the decisive factors that, when present, guarantee specific social outcomes.
&nbsp;
The book progresses from individual mechanisms through conceptual frameworks to middle-range theories, offering both rigorous analysis and practical applications. Whether examining the rise of populism, institutional collapse, or collective mobilization, these tools reveal the hidden patterns driving social transformation. Essential for scholars, policymakers, and practitioners, this work provides not just understanding but actionable insights for those seeking to navigate—and influence—our rapidly changing world.
&nbsp;
Nicolò Bellanca&nbsp;is Associate Professor of Applied Economics at the University of Florence, specializing in institutional analysis and collective decision-making. His interdisciplinary research bridges economics, sociology, and political science. Author of Isocracy: The Institution of Equality (Palgrave Macmillan, 2019), he examines how formal rules and community dynamics shape inclusive governance.
&nbsp;&gt;

An Interdisciplinary Framework

Causal Mechanisms and Social Change

Studien zum Internationalen Investitionsrecht | Studies in International Investment Law

In den letzten Jahren ist eine Trendwende in den internationalen Wirtschaftsbeziehungen zu beobachten: Statt weiterer Marktliberalisierung wächst die Skepsis gegenüber ausländischen Investitionen. Durch Investitionskontrollmechanismen wurden Marktzugangsbeschränkungen vor dem Hintergrund der Sicherheit und öffentlichen Ordnung geschaffen. Diese stehen jedoch in einem möglichen Spannungsverhältnis zum internationalen Investitionsschutzrecht. Die Arbeit untersucht, ob nachteilige Entscheidungen im Rahmen der Investitionskontrolle zu Investor-Staat Schiedsverfahren führen können und zeigt dabei die Grenzen staatlicher Sicherheitsinteressen im Wirtschaftsvölkerrecht auf.

Das Spannungsverhältnis zwischen der Investitionskontrolle und dem internationalen Investitionsschutzrecht

The Princeton Economic History of the Western World

How apprenticeship shaped the English economy Apprenticeship dominated training and skill formation in early modern Europe. Years spent learning from a skilled master were a nearly universal experience for young workers in crafts and trade. In England, when apprenticeship reached its peak, as many as a third of all teenage males would serve and learn as apprentices. In The Market for Skill, Patrick Wallis shows how apprenticeship helped reshape the English economy. Some historians see apprenticeship as a key ingredient in the industrial revolution; others agree with Adam Smith in seeing it as wasteful and conservative. Wallis shows that neither of these perspectives is entirely accurate. He offers a new account of apprenticeship and the market for skill in England, analyzing the records of hundreds of thousands of individual apprentices to tell the story of how apprenticeship worked and how it contributed to the transformation of England. Wallis details the activities of apprentices and masters, the strategies of ambitious parents, the interventions of guilds and the decisions of town officials. He shows how the system of early modern apprenticeship contributed to the growth of cities, the movement of workers from farms to manufacturing and the spread of new technologies and productive knowledge. In this groundbreaking study, Wallis argues that apprenticeship succeeded precisely because it was a flexible institution which allowed apprentices to change their minds and exit contracts early. Apprenticeship provided a vital channel for training that families could trust and that was accessible to most young people, whatever their background.

Apprenticeship and Economic Growth in Early Modern England

The Market for Skill

SIDREA Series in Accounting and Business Administration

This book explores how sustainability and accountability are reshaping the way companies assess and manage performance across global supply chains. Faced with growing stakeholder and regulatory pressure, organizations are called to integrate non-financial metrics into strategic decision-making and to report transparently on their social and environmental impacts.
Grounded in a systematic literature review, the volume offers a comprehensive analysis of the intersection between sustainability, accountability, and supply chain management. It develops a conceptual framework for understanding how corporate performance evaluation can evolve to include broader dimensions of responsibility, aligning with emerging standards and institutional expectations.
Aimed at scholars, practitioners, and policy-makers, this work provides both an overview of current debates and a structured research agenda for future inquiry. It stands as a timely contribution to advancing sustainable and accountable business practices in an increasingly interconnected economy.

Research Avenues on the Interplay Between Regulations, Standards and Emerging Practices

Sustainability and Accountability of Supply Chains

'A dirty little jewel of a novel' Julia Armfield 'Malory Towers meets The Conjuring' Alice Slater 'Gory, tender, sexy' Krystelle Bamford 'Compulsively readable' Guardian In 1928, Emily Locke's final year at the isolated Briarley School for Girls is derailed when Violet, the school's brightest star (and a cunning beauty for whom Emily would do anything), falls to her death on her eighteenth birthday. Emily and her buttoned-up rival Evelyn are, for once, in agreement: Violet's death was no accident. There's an obvious culprit, the French schoolmistress with whom Violet was getting a little too close - they just need to prove it. Desperate for answers, Emily and her classmates turn to spiritualism, hoping for a glimpse of wisdom from the great beyond. To their shock, Violet's spirit appears, choosing pious Evelyn as her unlikely medium. And Violet has a warning for them: the danger has just begun. Something deadly is infecting Briarley. It starts with rotten food and curdled milk, but quickly grows more threatening. As the body count rises and students race to save themselves, Emily must confront the fatal forces poisoning the school. Emily's fight for survival forces her to reevaluate everything she knows: about Violet, Evelyn, Briarley, and, ultimately, herself. Avery Curran channels the indelible ambience and intrigue of the classic boarding school novel while turning the beloved genre on its head in this visceral, exuberant debut.

'A truly impeccable novel' Julia Armfield

Spoiled Milk

Skills for Scholars

"An invaluable guide for scholars stifled by the traditional academic routeIn the increasingly competitive world of academia, simply mastering your discipline is no longer enough to guarantee career success or personal fulfillment. The Entrepreneurial Scholar challenges scholars at all stages-from doctoral students to tenured professors-to break free from conventional academic pathways by adopting an entrepreneurial mindset. What opportunities can you create based on who you are, what you know, and who you know? Drawing on her experiences in higher education, start-ups, and management consulting, as well as interviews with a range of academics and entrepreneurs, Ilana Horwitz provides a road map for those stifled by traditional academic norms and expectations. This book calls on scholars to create ideas-not just consume them. It offers strategies to thrive in academia with limited resources and in the face of uncertainty. Embracing an entrepreneurial mindset entails viewing yourself as a knowledge producer, enhancing collaboration, creatively identifying resources, and effectively sharing your ideas. Horwitz empowers all scholars-particularly women and first-generation, low-income, and BIPOC individuals-to see themselves as proactive agents in their educational and career trajectories, despite structural constraints, unclear expectations, or unresponsive advisors. With actionable advice, real-world applications, and inspiring success stories, this guide is vital for anyone aspiring to excel within and beyond the ivory tower"--

A New Mindset for Success in Academia and Beyond

The Entrepreneurial Scholar

Welchen Leitplanken wird die EU in der kommenden Fünfjahresperiode folgen? Das vorliegende Beiheft versammelt Beiträge zur Auseinandersetzung mit absehbaren oder wünschenswerten Entwicklungen des Unionsrechts in den kommenden Jahren. Der Bogen der versammelten Beiträge reicht von der Reform des Primärrechts über die europäische Werteordnung, der Arbeitsweise der Institutionen, bis hin zu einzelnen Politiken und Außenbeziehungen. Es handelt sich um die verschriftlichten Verhandlungen des 23. Österreichischen Europarechtstags, der am 20. und 21. September 2024 in Wien stattfand und dessen Generalthema lautete "Europa 2024-2029: Leitplanken für Recht und Politik". Anknüpfungspunkte des Themas waren die Wahlen zum Europäischen Parlament im Juni 2024 und die damit verbundene Neubesetzung der EU-Kommission, einschließlich des Hohen Vertreters, im Herbst 2024. Auch die bereits zweite und damit letzte Amtsperiode des aktuellen Ständigen Ratspräsidenten lief mit Ende November 2024 aus.

Mit Beiträgen von
Alexandru Badea | Prof. Dr. Dr. Markus P. Beham, LL.M. | Mag. Johanna Edthofer | Prof. Dr. Diane Fromage | Dr. Gerhard Hesse | Prof. i.R. Dr. Hubert Isak | Prof. Dr. András Jakab | Barbara Justen | Prof. Dr. Lando Kirchmair | Prof. Dr. Filip K¿epelka | Prof. Dr. Andreas J. Kumin | MMag. Christian Mandl | Prof. Dr. Walter Obwexer | Prof. Dr. Matthias Oesch | Prof. Dr. Monika Polzin | Dr. Janine Prantl, LL.M. | Mag. Michael Saxl | Mag. Paul Schmidt | Prof. Dr. Werner Schroeder | Dr. Liane Wildpanner, LL.M. | Dr. Bernadette Zelger, LL.M. | Geleitwort von Dr. Johannes Hahn

Primärrechtsreform, Werteordnung, Gesetzgebung, Gerichtsbarkeit, Politiken und Außenbeziehungen

Europa 2024-2029

How the social organization of Europe and China shaped their divergent economic and political trajectories over the past millennium In the eleventh century, when Europe was still backward and poor, China was a rich and sophisticated civilization. Yet Europe became the birthplace of democracy and the Industrial Revolution, driving the Great Enrichment, while China stagnated until the end of the twentieth century and was always ruled by autocracies. Two Paths to Prosperity traces the emergence of two very different social organizations in premodern China and Europe—the clan and the corporation—showing how they were key factors in the economic and political divergence of these two great civilizations. In this landmark book, three leading economists offer a bold new account of why Europe and China evolved along such different trajectories. In the early Middle Ages, public goods like risk sharing, religious worship, education, and conflict resolution were provided by nonstate organizations in both societies. China increasingly relied on kin-based cooperation within clans, while weaker kinship ties in Europe gave rise to corporations such as guilds, universities, and self-governing towns. Despite performing similar functions, clans and corporations were built on very different principles—with lasting consequences until today. Providing a novel answer to a fundamental question in economic and political history, Two Paths to Prosperity shows how extended kinship in Chinese society facilitated the consolidation of autocracy and hindered innovation and economic development, and how corporations in Europe influenced emerging state institutions and set the stage for the Industrial Revolution.

Culture and Institutions in Europe and China, 1000–2000

Two Paths to Prosperity

A fascinating study of the legal underpinnings of capitalism, reasons why the system must be transformed, and actions we can take &nbsp; Even though capitalism has been conventionally described as an economic system, it is actually a deeply entrenched legal regime. Law provides the material for coding simple objects, promises, and ideas as capital assets. It also provides the means for avoiding the legal constraints that societies have frequently imposed on capitalism. Often lauded for creating levels of wealth unprecedented in human history, capitalism is also largely responsible for the two greatest problems now confronting humanity: the erosion of social and political cohesion, which undermines democratic self-governance, and the threats that emanate from climate change. &nbsp; By exploring the ways that Western legal systems empower individuals to advance their interests against society, Katharina Pistor reveals how capitalism is an unsustainable system designed to foster inequity. She offers ideas for rethinking how the transformation of the law and the economy can help us create a more just system—before it is too late.

The Law of Capitalism and How to Transform It

In the dynamic sphere of international business, the role of a global manager is more complex and vital than ever. This textbook crucially departs from the typical Western gaze on cross-cultural management, while offering a unique three way viewpoint taking into account the student, theoretical and practitioner perspectives on every issue. Each chapter explores a key area of cross-cultural management, and includes insights from leading practitioners, contemporary case studies and management theory. Beginning with the foundational aspects of culture, Cross-Cultural Management: Strategic Leadership Beyond Borders swiftly moves into practical management strategies for virtual, hybrid and in-country teams, addressing the nuances of culture shift and the dynamics of change management. You will gain insights into the intricacies of geopolitics and how global contexts shape managerial decisions, with a focus on strategic planning tailored to diverse cultural landscapes. The author dissects institutional behaviour to illuminate the impacts of varying procedures, laws and regulations; the chapter on collaboration offers a roadmap from basic teamwork to the creation of high-performing, culturally diverse teams. The textbook delves into the art of talent management in a globalized world, exploring best practices for recruitment, onboarding and retention in multicultural environments. Cross-Cultural Management: Strategic Leadership Beyond Borders is not just a collection of theories; it is enriched with case studies and real-world insights, ensuring that you can apply what you learn directly to your managerial role. It is the perfect resource for managers, researchers and students of International Business and Cross-Cultural Management who aim to lead with foresight, embracing both current cross-cultural realities and the future trends that will shape the global business landscape.

Strategic Leadership Beyond Borders

Cross Cultural Management

Business and Management (R0)

Andrea Caccialanza

WTO

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