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Political Science and International Studies (R0)

Jonathan Luckhurst

The Shifting Global Economic Architecture

Decentralizing Authority in Contemporary Global Governance

1. Introduction: The Shifting Global Economic Architecture  .- 2. Global Economic Governance Since the Twentieth Century .- 3. Global Economic Governance Since the Global Financial Crisis .- 4. From Deregulation and Market Efficiency to Sustainable and Inclusive Growth .- 5. Globalization, Inequality, and Challenges to Free Trade .- 6. The Growing Sustainable Development Consensus .- 7. Shifting Authority of Actors in Global Economic Governance .- 8. Fragmentation or Integration of Global Economic Governance .- 9. Conclusion: Decentralizing Global Economic Governance.

New Frontiers in Regional Science: Asian Perspectives

This book integrates diversified disciplines, research approaches, and methodologies of area studies, regional economic development, and regional science. With its huge population, China has accomplished rapid economic growth since the 1990s, although the significant income gap among regions and individuals has become a serious problem for its society. China's accession to the WTO in 2001 has had various influences on the entire food system, from agriculture to consumers, through the food manufacturing and distribution industries. The changes in the Chinese food system are considered to have also affected the agriculture and food industries in Asian countries where economic interdependence has been promoted in past decades. The author argues these issues based on interdisciplinary and multi-disciplinary methods and approaches and has successfully derived empirical and theoretical results that are rich in policy implications. The topics addressed include food security and sustainability of agriculture especially in the suburbs of big cities; poverty reduction in rural agricultural areas amidst prosperity in urban and coastal areas; regional networks and international trade of the food industry in East Asia; creation of innovative knowledge and human capital for clustering of the agro-food sector; regional development strategy; and international cooperation. The book is interesting for researchers in the field, especially for those who are concerned with the food system that has been changed dynamically in the past two decades, and it is informative, as well, for practitioners who are engaged in related business.

Clarifies the dynamism of China’s agro-food system centering on the issue of food security Integrates and advances diversified existing principles, disciplines, research approaches, and methodologies Provides materials, methods, ideas, and theories for understanding the changes in China’s agro-food sector

Global Trends and Dynamism of China's Agro-Food System

Corporatism and Neoliberalism in a Global Era

The World Economic Forum and COVID-19

Building Tax Capacity in Africa

The legal concepts that can fundamentally inform the economics of institutions In Legal Institutionalism, the eminent economist Geoffrey Hodgson proposes a new analytic approach for understanding modern economic institutions. Law helps to constitute some of the key features of modern market economies. Moreover, there is evidence that many people believe that obeying the law is important in itself, especially when it is deemed just, legitimate, and uncorrupt. Consequently, he argues, the role of law must be considered in analyses of the nature and dynamics of modern economic institutions and the motivations of economic agents. Hodgson lays out the basic approach and intellectual assumptions of legal institutionalism, citing such thinkers as Adam Smith and Karl Marx as well as insights from institutional economics, law, philosophy, psychology, and social theory. He considers how legal institutions emerged and evolved throughout history, stressing their importance in large-scale, complex economies. Informal rules and relations are vital as well, he explains, but these often rely on face-to-face contact, with smaller numbers of people. He shows that by examining relevant legal rules and relations alongside important informal rules, we can improve our understanding of the nature and role of property, contracts, money, and firms. Revisiting the socialist calculation debate on the feasibility of socialist planning, Hodgson argues that both sides paid insufficient attention to legal issues and underestimated the importance and inevitability of mixed economies. This milestone work by Hodgson has major implications for both theory and policy, suggesting new approaches to economic development, the theory of the firm, and countering the policy extremes of markets versus states.

A Multidisciplinary Approach to the Analysis of Modern Economies

Legal Institutionalism

This volume provides a comprehensive legal examination of BIMSTEC’s evolving institutional framework, critically analyzing its role in fostering regional cooperation and partnership in alignment with SDG17. The book explores how legal frameworks can serve as mechanisms for strengthening regional integration, enhancing policy coherence, and promoting multi-stakeholder partnerships across BIMSTEC member states. By engaging with legal scholarship and comparative regional models, it evaluates how BIMSTEC can facilitate cross-border trade, investment, and regulatory harmonisation to create a more interconnected and resilient economic bloc. The chapters collectively address the legal dimensions of SDG 17 by examining BIMSTEC’s potential in fostering public-private partnerships, improving regional governance structures, and establishing inclusive legal frameworks for sustainable development. Key themes include legal mechanisms for trade and investment integration, transnational crime cooperation, refugee governance, environmental stewardship, etc. The volume further delves into sector-specific legal reforms that can enhance institutional collaboration and knowledge-sharing within the BIMSTEC framework, drawing lessons from other regional organizations such as ASEAN and the EU.
With contributions from leading legal scholars, policymakers, and jurists, this book is an essential resource for those engaged in international law, regional governance, and sustainable development. By centering its analysis on SDG 17, it offers actionable legal insights into how BIMSTEC can strengthen institutional partnerships, advance collective decision-making, and reinforce the legal infrastructure necessary for achieving long-term regional cooperation.

Pathways to Sustainable Development and Regional Cooperation

Legal Reforms in BIMSTEC Member-States

This book offers a balanced and rigorous analysis of international trade, exploring its substantial economic benefits while addressing the continuing reality of protectionist measures and trade disputes.It traces the evolution of trade theory from classical concepts like comparative advantage to contemporary models that incorporate economies of scale. The authors elucidate the economic benefits of free trade, including enhanced global efficiency, lower consumer prices, expanded product variety, and the cross-border flow of innovation. The book challenges the oversimplified view that protectionism is merely the dominance of concentrated interests over broader public interests. It systematically examines the comprehensive array of protectionist rationales. These range from domestic political pressures and the infant industry argument to national security concerns and countermeasures against unfair practices, such as dumping. The analysis also uncovers the deeper economic conditions that make protectionist measures appear rational.Providing an essential framework for explaining the persistence of trade disputes and reconciling the tensions between economic principles and political constraints, this book will appeal to academics and practitioners working in international trade and business management.

Causes, Consequences, and Contemporary Developments

International Trade and Protectionism

In a moment of interlocking and compounding crises that many commentators have aptly termed the "polycrisis," a leading economist offers a clear-eyed account of the underlying trends fueling the global instability and market mayhem that have come to characterize contemporary capitalism. 
 
Rampant inequality. Unchecked climate change. A global pandemic. And now, seething international divisions and the escalatory spiral of war and state violence. As the world moves toward the end of the 2020s, each of the pieces of this mosaic are becoming impossible to ignore, but how do they all fit together? And where is it all heading? 
 
To answer these questions, Marxist economist Michael Roberts draws on his forty-plus years of experience working in various financial institutions in the City of London to provide an empirically grounded and wide-ranging appraisal of the global situation. 
 
Roberts takes readers on a tour of the contemporary global economy, first by turning back to the Great Recession of 2008, and then offering a granular look at the economic priorities and contradictions of every region of the world. 
 
What emerges from this accounting of the polycrisis is the inescapable fact that capitalism's rapacious drive toward profit over and against any geopolitical boundaries or ecological limits threatens both humanity and the planet.&nbsp;

Depression, Polycrisis, and the World Economy in the 2020s

Time Is Running Out

THE INSTANT SUNDAY TIMES BESTSELLERThe world's criminals earn trillions every year. They keep almost all of it. Every effort to stop them has failed. Why? Join Oliver Bullough through the looking glass, voyaging through the dark heart of the global economy: where flows of dirty banknotes, designer goods and baby eels prop up illicit networks spanning from Miami to Shanghai - via, strangely, North Oxfordshire. Cryptocurrencies flow through ledgers that would look familiar to a fifteenth-century Florentine banker. Casinos, lottery tickets and government ignorance all power the merry-go-round of dirty money. And it all works brilliantly. Better than ever. There has never been a better time to be a criminal. It's time that changed.

The Secret Life of Dirty Money

Everybody Loves Our Dollars

Banking, Money and International Finance

The emergence of financial technologies has unlocked a myriad of possibilities for reshaping governance systems, from the grassroots level of micro-governance to the broader scope of national and transnational governance. This book thoroughly examines the significant impact of cutting-edge financial technology on enhancing worldwide access to financial services. In an era marked by persistent governance challenges, it highlights the transformative potential of AI-driven solutions in fostering more equitable economic participation. Overcoming traditional banking barriers to serve underserved and unbanked communities, the book investigates the fourth wave of fintech innovation depicted by AI, blockchain technologies and decentralized systems. The book begins by presenting the fundamentals of digital innovation, particularly emphasising the transformative role of AI-powered financial tools in improving banking experiences for various global communities. It emphasizes the role of digital payment platforms in bridging the gap between urban and rural populations, as well as the way blockchain technology and smart contracts are setting new benchmarks for transaction security and transparency. Its primary focus is on the strategies for overcoming financial exclusion. Cybersecurity compliance, ethical AI, data governance, and regulatory coordination are considered essential for creating trustworthy digital financial systems. Additionally, it thoroughly examines the alternative credit scoring methods that use non-traditional data to transform lending and presents the opportunities and challenges that will shape the future of finance, with a particular emphasis on central bank digital currencies (CBDCs), sustainable blockchain solutions, and artificial intelligence collaborations. For scholars, researchers and policymakers working to create a more accessible and sustainable financial future, the book offers a thorough overview of the state of inclusive fintech today and a predictive outlook on how technology can promote global economic equity.

Financial Innovation for Inclusive and Equitable Digital Economies

What if the biggest obstacle to solving our problems is nothing more than a failure to believe that we can?Rick Caruso has spent his life stepping optimistically into places where other people see no way forward by asking a deceptively simple question: What can we do to make this better? From his appointment as Commissioner to the Los Angeles Department of Water and Power and later the City's troubled Police Department, to the creation of his bold and innovative real estate ventures including L.A.'s world-renowned retail center The Grove, Caruso built a reputation for finding steadfast solutions even in the face of staunch adversity. By employing the great teachers of experience and curiosity, he continues to do what he can to improve Los Angeles, the city he loves, and in Breaking New Ground, he shares lessons learned along the way--while offering us all a path forward to a better future.Again and again, Caruso discovered that breakthroughs rarely come from knowing everything at the outset. They come from asking better questions, bringing the right people into the room, listening without ego, separating ideology from reality, and refusing to give up until workable solutions emerge. Ultimately, they require a steadfast dedication to the belief that there is always a solution and that defeat is not an option.Breaking New Ground is the story of how his philosophy was forged--from the examples of immigrant grandparents and a father who lost one fortune and built another, to Caruso's own successes, failures, public battles, family life, faith, and unexpected turns through business and government.Caruso is less interested in prescribing a formula for becoming successful than in exploring how successful problem-solvers think: how they distinguish what matters from what merely makes noise; how they balance conviction with compromise; how they recognize when conventional wisdom has stopped working; and how they remain fearless enough to see difficult decisions through.Part memoir, part argument, and part blueprint for action, Breaking New Ground offers a timely proposition for anyone confronting a problem that feels too complicated, entrenched, or divisive to solve.There is always another way forward. Sometimes you simply have to be willing to build it.

It’s Not too Late to Build Toward a Better Future!

The Power of Finding Steadfast Solutions

Breaking New Ground

Evolutionary Economics and Social Complexity Science

This is the first book to present a new approach of institutional design as an evolutionary applied policy based on coherent conceptualization and methodology, and to study the actuality and implications of diversifying real/virtual community currencies. In contrast to a de facto standard theory, an institutional ecosystem can be composed of various institutions that continue to coexist with changing relative frequencies. In this view, diversified monetary institutions with local rules are feasible and realistic. Community currencies are worldwide attempts to redress such problems as financial instability, chronic stagnation, and decline of communities caused by globalization of the economy. Considering those alternative movements as a new type of policy, "evolutionist institutional design", this book clarifies the feasibility and significance of community currencies in the current era of globalization. The book also provides a better understanding than mainstream approaches of such platform institutions as money that determine fundamental means of cognition and action of interacting agents. Money is a symbolically generalized communication medium in the mesodomain that mediates between socioeconomic performance and patterns in the macrodomain and motives and cognitive frameworks in the microdomain. Conventional national systems of money and finance are platform institutions that determine basic replicators for a capitalistic market economy to evolve. In contrast, community currencies conveying both economic and social/cultural values are distinct platform institutions that are expected to endogenously change such basic replicators in outer and inner institutions for agents to a noncapitalistic market economy. These currencies are considered target institutions for "media design" in the framework of evolutionist institutional design.

This is the first book to present a new approach of institutional design as an evolutionary applied policy based on coherent conceptualization and methodology, and to study the actuality and implications of diversifying real/virtual community currencies. In contrast to a de facto standard theory, an institutional ecosystem can be composed of various institutions that continue to coexist with changing relative frequencies. In this view, diversified monetary institutions with local rules are feasible and realistic. Community currencies are worldwide attempts to redress such problems as financial instability, chronic stagnation, and decline of communities caused by globalization of the economy. Considering those alternative movements as a new type of policy, “evolutionist institutional design”, this book clarifies the feasibility and significance of community currencies in the current era of globalization. The book also provides a better understanding than mainstream approaches of such platform institutions as money that determine fundamental means of cognition and action of interacting agents. Money is a symbolically generalized communication medium in the mesodomain that mediates between socioeconomic performance and patterns in the macrodomain and motives and cognitive frameworks in the microdomain. Conventional national systems of money and finance are platform institutions that determine basic replicators for a capitalistic market economy to evolve. In contrast, community currencies conveying both economic and social/cultural values are distinct platform institutions that are expected to endogenously change such basic replicators in outer and inner institutions for agents to a noncapitalistic market economy. These currencies are considered target institutions for “media design” in the framework of evolutionist institutional design.

An Evolutionist Institutional Design Approach

Community Currency

The Shifting Global Economic Architecture

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