International economics Books
The University of Chicago Press Transition Scenarios
Book SynopsisChina's rising status in the global economy alongside recent economic stagnation in Europe and the United States has led to considerable speculation that we are in the early stages of a transition in power relations. The authors take readers through possible scenarios for future relations between China and the United States.Trade Review"While there is no shortage of books concerned with US-China relations and the potential for conflict with China's rise, Transition Scenarios is the first to systematically employ a scenario-building or 'forward reasoning' methodology-and it does so carefully and to great effect, advancing a growing literature in the field of international relations." (Steve Chan, University of Colorado)"
£92.00
The University of Chicago Press Global Rivalries
Book SynopsisAs the economies of China, India, and other Asian nations continue to grow, these countries are seeking greater control over the rules that govern international trade. By placing the current contest within the historical development of the global capitalist system, this book highlights a fascinating interaction of politics and economics.Trade Review"With Global Rivalries, Amy A. Quark offers a fascinating account of the evolution of standards setting in the international cotton trade, bringing this seemingly technocratic but intensely political process to life without sacrificing careful and erudite scholarship. More importantly, she shows convincingly that these issues matter greatly in an increasingly global marketplace." (Susan K. Sell, George Washington University)"
£24.00
The University of Chicago Press Commercial Visions
Book SynopsisIllustrating that product marketing, patent litigation, and even ghostwriting pervaded natural history and medicine - the big sciences of the early modern era, this book argues that the growth of global trade during the Dutch Golden Age gave rise to an entrepreneurial network of transnational science.Trade Review"Money and science have long been connected. Scientific activity needs to be paid for, but at times it can also turn into a nice little earner. As science became more materialistic, one of the most important tools for investigation became the ability to picture phenomena. In excavating how that happened in the early stages of the Scientific Revolution, in one of the most commercialized regions of Europe, Margocsy's book makes a major contribution to the histories of science and of art." (Harold J. Cook, Brown University)"
£33.25
The University of Chicago Press The Rules of the Global Game A New Look at US
Book SynopsisEconomic news once confined to the business pages of the newspaper now recieves headline coverage, whether it involves protests in Seattle or sweatshops in Asia. This book provides a framework to help noneconomists understand and answer the questions raised by such economic reportage.
£26.00
The University of Chicago Press The Effects of U.S. Trade Protection Promotion
Book SynopsisEconomists disagree on whether recent US trade policies are harmful or helpful. These 12 essays explore crucial issues in US trade policy, examining topics such as the markets for automobiles and automobile parts in the USA and Japan, and the US response to unfair trading practice.Table of ContentsAcknowledgments Introduction Robert C. Feenstra 1: Carwars: Trying to Make Sense of U.S.-Japan Trade Frictions in the Automobile and Automobile Parts Markets James Levinsohn 2: Explaining Domestic Content: Evidence from Japanese and U.S. Automobile Production in the United States Deborah L. Swenson 3: Protectionist Threats and Foreign Direct Investment Bruce A. Blonigen, Robert C. Feenstra. 4: Foreign Direct Investment and Keiretsu: Rethinking U.S. and Japanese Policy David E. Weinstein 5: U.S.-Japan Telecommunications Trade Conflicts: The Role of Regulation Andrew R. Dick 6: Testing Models of the Trade Policy Process: Antidumping and the "New Issues" Robert E. Cumby, Theodore H. Moran. 7: The Trade Effects of U.S. Antidumping Actions Thomas J. Prusa 8: Determinants and Effectiveness of "Aggressively Unilateral" U.S. Trade Actions Kimberly Ann Elliott, J. David Richardson. 9: Whither Flat Panel Displays? Kala Krishna, Marie Thursby. 10: Causes and Consequences of the Export Enhancement Program for Wheat Pinelopi Koujianou Goldberg, Michael M. Knetter. 11: The Effects of Offshore Assembly on Industry Location: Evidence from U.S. Border Cities Gordon H. Hanson 12: Market-Access Effects of Trade Liberalization: Evidence from the Canada-U.S. Free Trade Agreement Keith Head, John Ries. Contributors Name Index Subject Index
£83.60
The University of Chicago Press International Capital Flows Paper NBER National
Book SynopsisThis work examines the experience of capital flows to Latin America, Asia and Eastern Europe. The papers discuss the role of banks, equity markets and foreign direct investment in international capital flows, and the risks that investors and others face with these transactions.
£38.00
The University of Chicago Press International Differences in the Business
Book SynopsisExamines the phenomenon of widespread differences in managerial practices across firms, establishments within firms, and countries. This work combines qualitative and quantitative insider analysis of business practices such as the incentive pay and quality control, revealing the elements that determine which practices are adopted and why.
£94.05
The University of Chicago Press The Governance of NotforProfit Organizations
Book SynopsisNot-for-profit organizations play a critical role in the American economy. We know such firms don't try to maximize profits, but what do they maximize? Dealing with this question, this book looks at many aspects of not-for-profit operations, from the problems of fundraising, endowments, and governance to issues, such as hospital advertising.Trade Review"This focused analysis by leading economists ultimately challenges the reader to think about just how much nonprofit behavior can be explained by formal models, equations, and the utility-maximizing assumptions of economics. Important parts do come into sharper focus thanks to this fine and precise work." - Peter Frumkin, International Journal of Not-for-Profit Law"
£28.00
The University of Chicago Press The WTO as an International Organization
Book SynopsisAn analysis of the challenges and opportunities facing the World Trade Organization. Papers address the WTO's institutional capacity, the resources available to the secretariat, policy issues facing the WTO, and the WTO's relationship with transition and developing countries.
£38.00
The University of Chicago Press U.S. Engineering in a Global Economy NBER
Book SynopsisSince the late 1950s, the engineering job market in the United States has been fraught with fears of a shortage of engineering skill and talent. U.S. Engineering in a Global Economy brings clarity to issues of supply and demand in this important market. Following a general overview of engineering-labor market trends, the volume examines the educational pathways of undergraduate engineers and their entry into the labor market, the impact of engineers working in firms on productivity and innovation, and different dimensions of the changing engineering labor market, from licensing to changes in demand and guest worker programs. The volume provides insights on engineering education, practice, and careers that can inform educational institutions, funding agencies, and policy makers about the challenges facing the United States in developing its engineering workforce in the global economy.
£106.40
The University of Chicago Press International Bankruptcy The Challenge of
Book SynopsisA look at bankruptcy laws in international perspective, highlighting the difficulties presented by global multinational corporations.Trade Review"With engaging real-life examples of the major corporate and financial collapses, International Bankruptcy puts the issues clearly in context, bringing home to readers just how difficult it may be to resolve issues in this area. An invaluable addition to the literature in the field, the book is filled with clear, accessible, and practical insights."--Paul J. Omar, De Montfort University
£61.75
The University of Chicago Press Social Security Programs and Retirement around t
Book SynopsisIn developed countries, men's labor force participation at older ages has increased in recent years, reversing a decades-long pattern of decline. Participation rates for older women have also been rising. What explains these patterns, and the differences in them across countries? The answers to these questions are pivotal as countries face fiscal and retirement security challenges posed by longer life-spans. This eighth phase of the International Social Security project, which compares the social security and retirement experiences of twelve developed countries, documents trends in participation and employment and explores reasons for the rising participation rates of older workers. The chapters use a common template for analysis, which facilitates comparison of results across countries. Using within-country natural experiments and cross-country comparisons, the researchers study the impact of improving health and education, changes in the occupation mix, the retirement incentives of social security programs, and the emergence of women in the workplace, on labor markets. The findings suggest that social security reforms and other factors such as the movement of women into the labor force have played an important role in labor force participation trends.
£106.40
The University of Chicago Press Out of Stock
Book Synopsis
£31.00
The University of Chicago Press Downtown Ladies Informal Commercial Importers a
Book SynopsisThe Caribbean market woman is ingrained in the popular imagination as the archetype of black womanhood in the region. Challenging this stereotype, this work offers a complex picture by documenting the history of international traders who travel abroad to import and export consumer goods sold in the public markets of Kingston, Jamaica.Trade Review"Gina Ulysse is the first anthropologist to zoom in on the far-ranging internationalization of Caribbean market women, and her analysis clearly and compellingly illuminates the historical depth, cultural intricacies, and political and economic stakes involved in their work and their self-making. There is no other synthesis and original research like this on socioeconomic agents who have emerged in response to historical shifts in Jamaica's place within the global economy in the past thirty years." - Faye harrison, author of Outsider Within: Reworking Anthropology in the Global Age"
£28.00
McGill-Queen's University Press Fiscal Federalism in Multinational States
Book SynopsisFiscal Federalism in Multinational States brings together scholars of nationalism and federalism in a groundbreaking analysis of the connections between nationalist claims and fiscal debates within plurinational states.Trade Review"This is an important book that will be required reading for anyone interested in the field of plurinational federalism. It challenges the normative criteria we employ to evaluate autonomy and interdependence and, as such, does a wonderful job of moving the discussion forward." Raffaele Iacovino, Carleton University and co-author of Federalism, Citizenship, and Quebec: Debating Multinationalism“This impressive collection of essays fills a startling gap in the scholarly literature.” American Review of Canadian Studies
£26.99
Palgrave Macmillan The Handbook of Global Outsourcing and Offshoring
Book SynopsisOverview of the Global Sourcing Marketplace Sourcing Models: What and When to Outsource/Offshore Country Attractiveness for Sourcing Supplier Core Capabilities and Strategies for Sustainability and Growth Leveraging Knowledge and Expertise Client Perspective: Vendor Selection Strategy, Retained Management Capabilities and Legal Issue The IT Outsourcing Life Cycle and the Transition Phase Governance of Outsourcing Projects Managing Distributed Teams Emerging Issues in Sourcing StrategyTrade Review'Written by outstanding academics well-recognized for their expertise on the topic, this long-awaited book is a must have to anybody embarking on the process of global sourcing or seeking to enhance their existing knowledge. It provides a comprehensive conceptual overview of three crucial aspects of global sourcing - strategy, governance, and daily management - supplemented by well-researched case study and lively examples.' - Professor Natalia Levina, NYU Stern School of Business 'In a truly globalized world, customers are looking not just at delivery excellence from service providers, but also global execution capabilities. Outsourcing providers need to look beyond standardized services to include innovation and transformation capabilities, embedded into their offering. This requires providers to focus on the customer's business, understand the issues and then provide solutions. This book provides a very good customer-centric view of how providers need to approach the market.' - Girish Ramachandran, President - Global Head - Strategic Business and Head: Middle East and Africa. 'Outsourcing and offshoring are commonplace terms, but they're often poorly understood and inexpertly practiced. Yet there is much 'out' left in 'sourcing,' and even more 'off' ahead of us in 'shoring.' The Handbook of Global Outsourcing and Offshoring is an intelligent user's manual essential reading for those starting out as well as those who find they may have strayed off course.' - Dr. John Hindle, Senior Manager, Global Marketing, Accenture 'Out of sight but not out of mind' could well be the motto of this book. It is a 'must read' for those studying the global phenomenon and in managing outsourcing relationships. The frustrations and rising costs experienced by many can and need to be avoided. The Handbook of Global Outsourcing and Offshoring goes a long way in providing insights drawn from real-world experience in reducing the risks.' - Professor Robert D. Galliers, Bentley College. 'Sourcing optimization is a key strategic lever being deployed by global corporations as they adapt to the challenging business and economic climate. Sourcing practitioners will find this book a useful guide in terms of avoiding the common pitfalls that impact the success of such initiatives. The examples used in the book are free of jargon, drawn from real-life situations and easy to relate to.' - Srikanth Iyengar, Associate Vice President, Global Head of Business Development - SGS, Infosys Technologies Limited 'The Handbook of Global Outsourcing and Offshoring is outstanding. It is both insightful and practical. It is useful for companies that are considering outsourcing as a growth strategy as well as those that set out to provide high quality outsourcing services to its clients globally.' - John Peng, Executive Vice President, Head of GADS Business Group, iSoftStone Information Service Corp 'The Handbook of Global Outsourcing and Offshoring provides a broad and in-depth understanding of outsourcing from the client perspective. From the early days of outsourcing, client and provider companies alike have made innumerable mistakes. This handbook provides valuable guidance about what it takes to avoid the pitfalls and outsource successfully. This should be a required reference for any company considering outsourcing.' - Wendell O. Jones, Outsourcing pioneer and thought leaderTable of ContentsOverview of the Global Sourcing Marketplace Sourcing Models: What and When to Outsource/Offshore Country Attractiveness for Sourcing Supplier Core Capabilities and Strategies for Sustainability and Growth Leveraging Knowledge and Expertise Client Perspective: Vendor Selection Strategy, Retained Management Capabilities and Legal Issue The IT Outsourcing Life Cycle and the Transition Phase Governance of Outsourcing Projects Managing Distributed Teams Emerging Issues in Sourcing Strategy
£42.74
Columbia University Press Losing Control
Book SynopsisThis work looks at the way in which the new global economy works, examining its effect on the power and legitimacy of individual states. It argues that national sovereignty has not eroded, but states have begun to reconfigure, to decide where their responsibilities lie and where they do not.Trade ReviewSassen is particularly concerned with the transformation wrought by globalization on the national state and its basic attributes: sovereignty, exclusive territoriality, and citizenship. She does a fine job of outlining the positive and negative aspects of this process. World Affairs Sassen writes with a clarity that sacrifices none of the complexity of the issues she addresses. ChoiceTable of ContentsPreface to the Paperback Edition Acknowledgments Introduction 1. The State and the New Geography of Power 2. On Economic Citizenship 3. Immigration Tests the New Order Notes Bibliography Index
£63.00
Columbia University Press Losing Control
Book SynopsisWhat determines the flow of labor and capital in this new global information economy?Trade ReviewSassen is particularly concerned with the transformation wrought by globalization on the national state and its basic attributes: sovereignty, exclusive territoriality, and citizenship. She does a fine job of outlining the positive and negative aspects of this process. World Affairs Sassen writes with a clarity that sacrifices none of the complexity of the issues she addresses. ChoiceTable of ContentsPreface to the Paperback Edition Acknowledgments Introduction 1. The State and the New Geography of Power 2. On Economic Citizenship 3. Immigration Tests the New Order Notes Bibliography Index
£18.00
Columbia University Press Global Corporate Governance
Book SynopsisTrade ReviewA terrific resource on the latest thinking about global corporate governance. -- Steven N. Kaplan, University of Chicago Booth School of Business
£96.80
Columbia University Press Reforming the International Financial System for
Book SynopsisTable of ContentsList of Tables List of Figures Acknowledgements Contributors Foreword 1 Contemporary Reform of Global Financial Governance: Implications of and Lessons from the Past, by Eric Helleiner 2 Global Liquidity and Financial Flows to Developing Countries: New Trends in Emerging Markets and Their Implications, by C.P. Chandrasekhar 3 The Global Financial and Economic Crisis and Its Impact on Development, by Jomo Kwame Sundaram 4 The Unnatural Coupling: Food and Global Finance, by Jayati Ghosh 5 Policy Responses to the Global Financial Crisis: Key Issues for Developing Countries, by Y?lmaz Akyuz 6 Reforming Financial Regulation: What Needs to Be Done, by Jane D'Arista and Stephany Griffith-Jones 7 The Basel 2 Agenda for 2009: Progress So Far, by Andrew Cornford 8 Should Financial Flows Be Regulated? Yes, by Gerald Epstein "9 Financial Services, the WTO and Initiatives for Global Financial Reform", by Chakravarthi Raghavan 10 Cross-Border Tax Evasion and Bretton Woods II, by David Spencer 11 Learning from the Crisis: Is There a Model for Global Banking?, by C.P. Chandrasekhar 12 The Report of the Commission of Experts on Reform of the International Monetary and Financial System and Its Economic Rationale, by Jan Kregel 13 Special Drawing Rights and the Reform of the Global Reserve System, by Jose Antonio Ocampo Index
£42.50
Columbia University Press The Best Business Writing 2013
Book SynopsisTrade Reviewexcellent collection BooklistTable of ContentsIntroduction Acknowledgments Part I. On the Ground 1. The Sharp Sudden Decline of America's Middle Class, by Jeff Tietz, Rolling Stone 2. The Great American Foreclosure Story: The Struggle for Justice and a Place to Call Home, by Paul Kiel, ProPublica Part II. Bad Medicine 3. Bad to the Bone: A Medical Horror Story, by Mina Kimes, Fortune 4. Prescription for Addiction, by Thomas Catan, Devlin Barrett, and Timothy W. Martin, Wall Street Journal 5. Anemia Drugs Made Billions, but at What Cost? Peter Whoriskey, Washington Post Part III. Big Business 6. Making the World's Largest Airline Fly, by Drake Bennett, BusinessWeek 7. Gusher, by Steve Coll, The New Yorker Part IV. Bad Business 8. Vast Mexico Bribery Case Hushed Up by Wal-Mart After Top-Level Struggle, by David Barstow, New York Times 9. Chesapeake and Rival Plotted to Suppress Land Prices Brian Grow, by Joshua Schneyer, Reuters 10. Fear Fans Flames for Chemical Makers, by Patricia Callahan and Sam Roe, Chicago Tribune Part V. Media and Marketing 11. His. Hers., by Jessica Pressler, New York 12. Top Five Ways Bleacher Report Rules the World!, by Joe Eskenazi, San Francisco Weekly 13. Why India's Newspaper Industry Is Thriving, by Ken Auletta, The New Yorker 14. The Frequent Fliers Who Flew Too Much, by Ken Bensinger, Los Angeles Times Part VI. Big Think 15. Trade-offs Between Inequality, Productivity, and Employment, by Steve Randy Waldman, Interfluidity 16. The Naked and the TED, by Evgeny Morozov, The New Republic Part VII. Adventures in Finance 17. Wall Street Bonus Withdrawal Means Trading Aspen for Coupons, by Max Abelson, Bloomberg 18. The Tale of a Whale of a Fail, by Matt Levine, Dealbreaker 19. Case Against Bear and JPMorgan Provides Little Cheer, by Bethany McLean, Reuters 20. How ECB Chief Outflanked German Foe in Fight for Euro, by Brian Blackstone and Marcus Walker, Wall Street Journal 21. From The Trouble is the Banks, Edited by Mark Greif, Dayna Tortorici, Kathleen French, Emma Janaskie, and Nick Werle, n+1 22. Why I Am Leaving Goldman Sachs, by Greg Smith, New York Times 23. Death Takes a Policy: How a Lawyer Exploited the Fine Print and Found Himself Facing Federal Charges, by Jake Bernstein, ProPublica Part VIII. Brave New World 24. How Companies Learn Your Secrets, by Charles Duhigg, New York Times Magazine 25. Glass Works: How Corning Created the Ultrathin, Ultrastrong Material of the Future, by Bryan Gardiner, Wired 26. Skilled Work, by Without the Worker, by John Markoff, New York Times 27. I Was a Warehouse Wage Slave, by Mac McClelland, Mother Jones 28. In China, Human Costs Are Built Into an iPad, by Charles Duhigg and David Barboza, New York Times 29. How Apple and Amazon Security Flaws Led to My Epic Hacking, by Mat Honan, Wired Permissions List of Contributors
£15.19
Columbia University Press The China Boom
Book SynopsisA systematic investigation into the origins and unraveling of China’s economic miracle.Trade Review[An] informative study... [The China Boom] paints a convincing picture that China may not be the superpower many predicted it to be. Publishers Weekly This valuable treatise will appeal to both scholars and more casual readers with an interest in China. Library Journal Masterful. Foreign Affairs It is a fast-paced, highly readable, thoroughly provocative, and (rare for an academic book) truly enjoyable account of 400 years of Chinese economic history right up to the present day. Asian Review of Books So many books on China recycle the same stories and historical anecdotes, but this one tells the story from the point of view of economic history. It is scholarly yet readable, interesting throughout. Marginal Revolution The book should be mandatory reading for anyone concerned with transnational economic policy planning. Pacific Affairs an important and balanced scholarly book. International Relations of the Asia Pacific Ho-fung Hung offers us the clearest analysis we have of the historical origins of China's economic model and for its future prospects. Hung's work is political economy at its best. Contemporary SociologyTable of ContentsList of Illustrations and Tables Preface Chronology of State Making and Capitalist Development in China, Sixteenth to Twenty-First Centuries Introduction: Sinomania and Capitalism Part I. Origins 1. A Market Without Capitalism, 1650-1850 2. Primitive Accumulation, 1850-1980 3. The Capitalist Boom, 1980-2008 Part II. Global Effects, Coming Demise 4. Rise of the Rest 5. A Post-American World? 6. Global Crisis Conclusion: After the Boom Notes References Index
£69.26
Columbia University Press Marriage as a Fine Art
Book SynopsisAn expansive analysis of investing triumphs and failures, with a discussion of what investing will (and should) look like in the future.Trade ReviewA tour de force look at investment from previously unseen perspectives. -- Barry Ritholtz, columnist for Bloomberg View and the Washington Post This important, well-written, and engaging book covers 4,000 years of investing history with an emphasis on the last fifty years, where so much has been happening. Full of insights, interesting people, and enduring wisdom. -- Charley Ellis, author of What It Takes and Winning the Loser's Game Norton Reamer and Jesse Downing have delivered a truly impressive history of investments and the investment-management business, starting from its earliest origins in the ancient world to its most recent and innovative forms, for example, the hedge funds, private-equity pools, and other forms of alternative investments in the twenty-first century. It is not only a complete history but a well-organized and analytical one, built with continual reference to the important principles of business and investing. -- Jay Light, dean emeritus, Harvard Business School For most of recorded history few people had wealth, and there were few options for investing it. Reamer and Downing show how that changed dramatically over the past two to three centuries. Today the vast middle classes of developed countries have joined the rich in having massive amounts of wealth to invest. Asset classes available to investors have proliferated, as have professional investment managers. This well-researched book is at once a welcome addition to the literature of financial history and a guide to navigating the complex world of modern investment. -- Richard Sylla, New York University Stern School of Business An easy-to-read primer on stock market investment, traced back from today to Greek and Roman times so that we may understand how we arrived at the present system of investment management and investment products. -- Janette Rutterford, Open University and University of York The substance is priceless, the chronology first-rate, and the writing style impeccable. I didn't expect to read it with such care, but Reamer and Downing drew me into their net and captured me. A splendid book that will be part of serious research on finance and mutual funds for decades to come, maybe even longer. -- John C. Bogle, founder of Vanguard A reader's time and energy devoted to it are likely to yield competitive returns. Institutional Investor Worthy and useful. Financial History [Reamer and Downing] are right that the democratization of investment is, on the whole, good news. The Economist The merit of this book is that it helps us reflect on the essential role that investment plays in human enterprise. It encourages the reader to think of investment as providing a mechanism for economic and social change. Economic History Review [Investment: A History's] value lies in providing a historical context for today's investment landscape. And it does that in a remarkably interesting way. Reading the MarketsTable of ContentsAcknowledgments Introduction: The Investment Challenge 1. A Privilege of the Power Elite 2. The Democratization of Investment: Joint-Stock Companies, the Industrial Revolution, and Public Markets 3. Retirement and Its Funding 4. New Clients and New Investments 5. Fraud, Market Manipulation, and Insider Trading 6. Progress in Managing Cyclical Crises 7. The Emergence of Investment Theory 8. More New Investment Forms 9. Innovation Creates a New Elite Conclusion: Investment in the Twenty-First Century Notes Bibliography Index
£29.75
Columbia University Press The Best Business Writing 2015
Book SynopsisTable of ContentsIntroduction Acknowledgments Part I. Business Unusual 1. The Billionaire, the Dealer, and the $186 Million Rothko, by Stephanie Baker and Hugo Miller 2. "Let's, Like, Demolish Laundry," by Jessica Pressler 3. Monopoly's Inventor: The Progressive Who Didn't Pass "Go", by Mary Pilon 4. The Ur-Deli, by Jordan Weisman Part II. Labor and Its Discontents 5. The Price of Nice Nails, by Sarah Maslin Nir 6. Are Slaves Catching the Fish You Buy?, by Robin McDowell, Margie Mason, and Martha Mendoza 7. The Assistant Economy, by Francesca Mari 8. Can the U.S. Ever Fix Its Messed-Up Maternity Leave System?, by Claire Suddath 9. The Homeless Man Who Works in the Senate, by Catherine Rampell 10. Smothered by a Boom in Banking, by Gretchen Morgenson Part III. Technology: Behind the Screen 11. The Pro Dumpster Diver Who's Making Thousands Off America's Biggest Retailers, by Randall Sullivan 12. The Laborers Who Keep Dick Pics and Beheadings Out of Your Facebook Feed, by Adrian Chen 13. Amazon Must Be Stopped, by Franklin Foer 14. Inside Google's Secret Drone-Delivery Program, by Alexis C. Madrigal Part IV. Business Accountability 15. Boom: North America's Expensive Oil-by-Rail Problem, by Marcus Stern and Sebastian Jones 16. Firestone and the Warlord, by T. Christian Miller and Jonathan Jones 17. Lobbyists, Bearing Gifts, Pursue Attorneys General, by Eric Lipton 18. Killer Pharmacy: Inside a Medical Mass Murder Case, by Kurt Eichenwald 19. Gasping for Action, by Raquel Rutledge Part V. Financial Follies 20. Young Financier's Insurance Empire Collapses, by Mark Maremont and Leslie Scism 21. This Twenty-Seven-Year-Old Made Millions Riding the Death Spirals of Penny Stocks, by Zeke Faux 22. The Greatest Tax Story Ever Told, by Zachary Mider 23. How Wall Street Captured Washington's Effort to Rein in Banks, by Charles Levinson 24. How an Undocumented Immigrant from Mexico Became a Star at Goldman Sachs, by Max Abelson List of Contributors Permissions
£15.19
Columbia University Press The Art of Sanctions
Book SynopsisThe Art of Sanctions offers a practical framework for planning and applying sanctions based on two critical factors: pain and resolve. Focusing on lessons learned from sanctions on Iran and Iraq, Richard Nephew provides policymakers with practical guidance on how to measure and respond to pain and resolve to achieve successful sanctions regimes.Trade ReviewRichard Nephew's excellent book provides a basic framework for effectively employing sanctions. It makes a very important contribution to our understanding of how to use these tools-particularly from a practitioner's perspective. -- Eric B. Lorber, Financial Integrity NetworkTable of ContentsPrefaceAcknowledgmentsIntroduction1. Defining Terms2. Iraq3. Taking on Iran4. On Sanctions Imposition and Pain5. Pressure Begins on Iran6. On Target Response and Resolve7. Intense Pressure on Iran and a Turn to Real Negotiations8. On the Search for Inflection Points9. Looking AheadConclusionNotesBibliographyIndex
£69.26
Columbia University Press Japans New Regional Reality Geoeconomic Strategy
Book SynopsisJapan's New Regional Reality offers a comprehensive analysis of Japan's geoeconomic strategy that reveals the country's role in shaping regional economic order in the Asia-Pacific. Saori N. Katada explains Japanese foreign economic policy in light of both international and domestic dynamics.Trade ReviewThis book provides a much-needed analysis of changes in Japan’s regional economic strategy. In giving agency to the Japanese state, Katada makes a major contribution to our understanding not just of contemporary Japan, but of the region as a whole and the potential shape of the world order to come. -- Saadia Pekkanen, editor of Asian Designs: Governance in the Contemporary World OrderAt a time when the future of Asia is narrowly seen through the prism of U.S.-China great power competition, Katada persuasively demonstrates that Japan’s quiet transformation—less mercantilist, more champion of liberalism—will shape the regional order. Her command of the nuanced evolution of Japan’s foreign economic policy across diverse tracks—trade and investment, finance, and development aid—is unparalleled. Essential reading for anyone interested in Asian geoeconomics. -- Mireya Solís, author of Dilemmas of a Trading Nation: Japan and the United States in the Evolving Asia-Pacific OrderThis important book provides a convincing account of the remarkable shift by Japan to lead regional initiatives for liberal economic policy. Katada melds theory and empirical tests to explain how state-led liberalism arose to replace mercantilist industrial policies with a new era of Japanese foreign economic policy. Looking inside domestic decision-making processes and reflecting on the challenge of China’s growing strength, the book offers a comprehensive synthesis. -- Christina L. Davis, author of Why Adjudicate?: Enforcing Trade Rules in the WTOKatada provides a comprehensive synthesis of East Asia’s regional political economy and analyzes Japan’s trade and investment, money and finance, development and foreign aid, showcasing a deep knowledge of Japanese internal and external economic policy. -- Takashi Inoguchi, J.F. Oberlin University * Asian Journal of Comparative Politics *I would expect a broad range of audiences to appreciate the argument presented here in terms of both level—from upper-end undergraduates to postgraduates, researchers, and practitioners—and disciplines/subfield—from political science, quantitative methodology, and comparative politics to IPE, international relations, and even security studies. * Journal of Japanese Studies *Succeeds in providing a comprehensive and nuanced account of this period of dramatic change in Japan’s foreign economic policy that will appeal to area specialists and political economists alike. * Monumenta Nipponica *Table of ContentsList of Figures and TablesList of Japanese TermsAcknowledgmentsList of AcronymsIntroduction1. Japan’s Regional Geoeconomic Strategy2. Foreign Economic Policy, Domestic Institutions, and Regional Governance3. Geoeconomics of the Asia-Pacific4. Transformation in the Japanese Political Economy5. Trade and Investment: A Gradual Path6. Money and Finance: An Uneven Path7. Development and Foreign Aid: A Hybrid PathConclusionNotesBibliographyIndex
£93.60
Columbia University Press Energy and Environment in India
Book SynopsisJohannes Urpelainen provides an expert guide to India’s energy and environmental issues that incorporates both domestic and global perspectives. He details how unequal economic development and rapid population growth have brought the country to its current state.Trade ReviewUrpelainen provides a social and historical context for the development of India’s environment and energy policy since independence. Not many books do this in an approachable manner, and hence Energy and Environment in India is a welcome intervention. The book convincingly makes the case that meeting India’s growing energy needs sustainably is central to maintaining the global carbon budget. -- Kaushik Deb, Columbia UniversityUrpelainen’s analysis addresses two of 21st century India’s most entrenched, interrelated policy and political challenges: expanding energy access while also protecting a fragile environment. The volume, which deftly situates these problems within their complex social, political, and historical settings, will be equally valuable for researchers, students, and policymakers. -- Sunila S. Kale, University of WashingtonThe book convincingly argues that to produce fair, equitable, and sustainable outcomes for almost two billion Indians, the country must strive for a sustainable future through democratic norms. It’s a great reference book to understand India’s domestic issues and its role in the global energy and environment politics. * The Hindu *An excellent model through which we might argue for the utility of history in environment and energy policy. * H-Environment *Table of ContentsIntroduction1. Foundations and History2. Economic Growth and Environmental Degradation3. Governance and Policy4. Flexing Muscle in Global Environmental Politics5. The Future of Energy and Environment in IndiaNotesBibliographyIndex
£80.00
Columbia University Press The Postwar Economic Order National
Book SynopsisYears before he became renowned as one of the most original social scientists of the twentieth century, Albert O. Hirschman played an active role in the rebuilding of postwar Europe. This book presents a collection of his reports about economic policy, early efforts at intra-European cooperation, and the new U.S.-centered international order.Trade ReviewBetween the early Albert Hirschman who did uncredited work for Alexander Gerschenkron and the late Hirschman who was a celebrated development economist is the forgotten Hirschman who analyzed Europe for the Federal Reserve Board. Michele Alacevich and Pier Francesco Asso have done us a service by collecting Hirschman's unpublished reports on post-World War II Europe between 1947 and 1952. Hirschman appears as an already fully-formed development economist attuned to the complexities of a multisector economy but also as a sophisticated analyst of monetary factors that, interestingly, fall away in his subsequent work. A must-read not just for historians of economic thought but also for scholars of economic development. -- Barry Eichengreen, George C. Pardee & Helen N. Pardee Chair and Distinguished Professor of Economics and Political Science, University of California, BerkeleyThese collected reports provide a unique vantage point on the postwar coevolution of European integration, multilateralism, and the Marshall Plan. We see that Hirschman's postwar tenure as a researcher at the Fed's Western European desk was deeply formative and intellectually fertile. In these reports we see embryos of what later became Hirschman's signature epistemic, theoretical, and normative commitments. In this way, the collection provides us with insight into the intellectual development of one of the twentieth century's most powerful and original intellects. -- Ilene J. Grabel, Distinguished University Professor, Josef Korbel School of International Studies, University of DenverThis important volume illuminates the unorthodox and pragmatic views on postwar Europe and a new international economic order of one of the twentieth century's most prominent social scientists. Brilliantly introduced, these little-known essays provide food for thought on Europe's way forward and the relaunch of an open international environment. -- Gianni Toniolo, LUISS School of European Political Economy, RomeA valuable instrument for both historians and economists, in order to better appreciate a heterodox economist and reformer. * Journal of European Economic History *Table of ContentsEditors’ Acknowledgments and a Note on the TextsIntroduction: Albert O. Hirschman at the Federal Reserve, 1946–1952, by Michele Alacevich and Pier Francesco AssoPart I. Patterns of European Reconstruction: Macroeconomic Challenges1. Higher Interest Rates and the Credit Shortage in France2. Exchange Control in Italy—I3. Exchange Control in Italy—II4. France and Italy: Patterns of Reconstruction5. Public Finance, Money Markets, and Inflation in France6. Credit Restrictions and Deflation in ItalyPart II. The Marshall Plan and the End of Discrimination7. Trade Structure of the “Marshall Plan Countries”8. Inflation and Balance-of-Payments Deficit9. Dollar Shortage and Discrimination10. The OEEC Interim Report on the European Recovery Program—A Summary11. The U.S. Recession and the Dollar Position of the OEEC Countries12. The New Intra-European Payments SchemePart III. European Integration and the Way Back to Multilateralism13. Proposal for a European Monetary Authority14. Liberalization of the ECA Dollar: Introductory Note15. European Payments Union—A Possible Basis for Agreement16. Multilateralism and European Integration17. The European Payments Union18. Size and Distribution of the Public Debt in Selected Countries19. The Long-Run Effect of Development and Industrialization Abroad on the United StatesPart IV. The Economic Consequences of U.S. Hegemony20. The Long-Run Effect of Development and Industrialization Abroad on the United States21. The Influence of U.S. Economic Conditions on Foreign Countries (with Robert Solomon)Index
£90.00
Columbia University Press The Postwar Economic Order
Book SynopsisYears before he became renowned as one of the most original social scientists of the twentieth century, Albert O. Hirschman played an active role in the rebuilding of postwar Europe. This book presents a collection of his reports about economic policy, early efforts at intra-European cooperation, and the new U.S.-centered international order.Trade ReviewBetween the early Albert Hirschman who did uncredited work for Alexander Gerschenkron and the late Hirschman who was a celebrated development economist is the forgotten Hirschman who analyzed Europe for the Federal Reserve Board. Michele Alacevich and Pier Francesco Asso have done us a service by collecting Hirschman's unpublished reports on post-World War II Europe between 1947 and 1952. Hirschman appears as an already fully-formed development economist attuned to the complexities of a multisector economy but also as a sophisticated analyst of monetary factors that, interestingly, fall away in his subsequent work. A must-read not just for historians of economic thought but also for scholars of economic development. -- Barry Eichengreen, George C. Pardee & Helen N. Pardee Chair and Distinguished Professor of Economics and Political Science, University of California, BerkeleyThese collected reports provide a unique vantage point on the postwar coevolution of European integration, multilateralism, and the Marshall Plan. We see that Hirschman's postwar tenure as a researcher at the Fed's Western European desk was deeply formative and intellectually fertile. In these reports we see embryos of what later became Hirschman's signature epistemic, theoretical, and normative commitments. In this way, the collection provides us with insight into the intellectual development of one of the twentieth century's most powerful and original intellects. -- Ilene J. Grabel, Distinguished University Professor, Josef Korbel School of International Studies, University of DenverThis important volume illuminates the unorthodox and pragmatic views on postwar Europe and a new international economic order of one of the twentieth century's most prominent social scientists. Brilliantly introduced, these little-known essays provide food for thought on Europe's way forward and the relaunch of an open international environment. -- Gianni Toniolo, LUISS School of European Political Economy, RomeA valuable instrument for both historians and economists, in order to better appreciate a heterodox economist and reformer. * Journal of European Economic History *Table of ContentsEditors’ Acknowledgments and a Note on the TextsIntroduction: Albert O. Hirschman at the Federal Reserve, 1946–1952, by Michele Alacevich and Pier Francesco AssoPart I. Patterns of European Reconstruction: Macroeconomic Challenges1. Higher Interest Rates and the Credit Shortage in France2. Exchange Control in Italy—I3. Exchange Control in Italy—II4. France and Italy: Patterns of Reconstruction5. Public Finance, Money Markets, and Inflation in France6. Credit Restrictions and Deflation in ItalyPart II. The Marshall Plan and the End of Discrimination7. Trade Structure of the “Marshall Plan Countries”8. Inflation and Balance-of-Payments Deficit9. Dollar Shortage and Discrimination10. The OEEC Interim Report on the European Recovery Program—A Summary11. The U.S. Recession and the Dollar Position of the OEEC Countries12. The New Intra-European Payments SchemePart III. European Integration and the Way Back to Multilateralism13. Proposal for a European Monetary Authority14. Liberalization of the ECA Dollar: Introductory Note15. European Payments Union—A Possible Basis for Agreement16. Multilateralism and European Integration17. The European Payments Union18. Size and Distribution of the Public Debt in Selected Countries19. The Long-Run Effect of Development and Industrialization Abroad on the United StatesPart IV. The Economic Consequences of U.S. Hegemony20. The Long-Run Effect of Development and Industrialization Abroad on the United States21. The Influence of U.S. Economic Conditions on Foreign Countries (with Robert Solomon)Index
£23.75
University of Illinois Press NAFTA and Labor in North America
Book Synopsis As companies increasingly look to the global market for capital, cheaper commodities and labor, and lower production costs, the impact on Mexican and American workers and labor unions is significant. National boundaries and the laws of governments that regulate social relations between laborers and management are less relevant in the era of globalization, rendering ineffective the traditional union strategies of pressuring the state for reform. Focusing especially on the effects of the North American Free Trade Agreement and the North American Agreement on Labor Cooperation (the first international labor agreement linked to an international trade agreement), Norman Caulfield notes the waning political influence of trade unions and their disunity and divergence on crucial issues such as labor migration and workers'' rights. Comparing the labor movement''s fortunes in the 1970s with its current weakened condition, Caulfield notes the parallel decline in the United States'' Trade ReviewReceived the Harvey Johnson Best Book Award from the Southwest Council on Latin American Studies (SCOLAS), 2011. "Caulfield is uniquely qualified to analyze the impact of NAFTA on North American workers, having researched labor issues at the Secretariat of the Commission for Labor Cooperation. . . . Highly recommended."--Choice "A very important, timely book. This study has monumental and provocative implications that are sure to stir debate among scholars in labor history, industrial relations, and public policy."--Gregg Andrews, author of Shoulder to Shoulder? The American Federation of Labor, the United States, and the Mexican Revolution, 1910-1924Table of ContentsAcknowledgments; Introduction; 1. Labor and Global Capitalism in North America, 1850-1970; 2. The Politics of Mexican Labor and Economic Development in Crisis; 3. Mexican Labor and Workers' Rights under NAFTA and NAALC; 4. Labor Mobility and Workers' Rights in North America; 5. The Crisis of Union-Management Relations in the United States and Canada; 6. The North American Auto Industry: The Apex of Concessionary Bargaining; 7. VEBA Las Vegas! Unions Play Casino Capitalism: Autoworkers Lose; Conclusion; Notes; Index
£19.94
Indiana University Press Enclaves of Exception
Book SynopsisTrade Review"An exceptional comparative ethnography! Enclaves of Exception is a fresh and fascinating analytic trajectory; a robust and valuable, if also troubling, insight into contemporary extractive economies struggling with the contradictions of special economic zones. This book is an inspiring contribution to economic anthropology."—Wale Adebanwi, Presidential Penn Compact Professor of Africana Studies, University of Pennsylvania"Enclaves of Exception is a triumph of scholarship that seamlessly fuses an unparalleled ethnography of the Niger Delta with an analytical vision that encompasses African, European, and East Asian energy regimes—and even the moonshining of the prohibition-era United States. Adunbi demonstrates the enormous potential of attending insistently and expansively to the proliferating enclaves of today's global energy complex."—Douglas Rogers, Yale UniversityTable of ContentsPrefaceAcknowledgmentsIntroduction: Toward an Anthropology of Extraction1. Contested Enclaves of Profit2. Infrastructures of Convenience3. "This Place Is Not Nigeria"4. From Moonshine to Ogogoro5. Flames of Wealth6. The Social Death of the EnvironmentConclusion: Revisiting the AncestorsBibliographyIndex
£22.79
Indiana University Press Enclaves of Exception
Book SynopsisHow do we measure and truly grasp the sweeping social and environmental effects of an oil-based economy? Focusing on the special economic zones resulting from China's trading partnership with Nigeria, Enclaves of Exception offers a new approach to exploring the relationship between oil and technologies of extraction and their interrelatedness to local livelihoods and environmental practices. In this groundbreaking work, Omolade Adunbi argues that even though the exploitation of oil resources is dominated by big corporations, it establishes opportunities for many former Nigerian insurgents and their local communities to contest the ownership of such resources in the oil-rich Niger Delta and to extract oil themselves and sell it. Based on extensive ethnographic fieldwork, Enclaves of Exception makes clear that, although both the free trade zones and the now booming local artisanal refineries share the goals of profit-making and are enthusiastically supported by those benefiting from thTrade Review"An exceptional comparative ethnography! Enclaves of Exception is a fresh and fascinating analytic trajectory; a robust and valuable, if also troubling, insight into contemporary extractive economies struggling with the contradictions of special economic zones. This book is an inspiring contribution to economic anthropology."—Wale Adebanwi, Presidential Penn Compact Professor of Africana Studies, University of Pennsylvania"Enclaves of Exception is a triumph of scholarship that seamlessly fuses an unparalleled ethnography of the Niger Delta with an analytical vision that encompasses African, European, and East Asian energy regimes—and even the moonshining of the prohibition-era United States. Adunbi demonstrates the enormous potential of attending insistently and expansively to the proliferating enclaves of today's global energy complex."—Douglas Rogers, Yale UniversityTable of ContentsPrefaceAcknowledgmentsIntroduction: Toward an Anthropology of Extraction1. Contested Enclaves of Profit2. Infrastructures of Convenience3. "This Place Is Not Nigeria"4. From Moonshine to Ogogoro5. Flames of Wealth6. The Social Death of the EnvironmentConclusion: Revisiting the AncestorsBibliographyIndex
£52.70
Indiana University Press Rooted Globalism
Book SynopsisDoes the concept of nationality apply to the economic elite, or have they shed national identities to form a global capitalist class?In Rooted Globalism, Kevin Funk unpacks dozens of ethnographic interviews he conducted with Latin America's urban-based, Arab-descendant elite class, some of whom also occupy positions of political power in countries such as Argentina, Brazil, and Chile. Based on extensive fieldwork, Funk illuminates how these elites navigate their Arab ancestry, Latin American host cultures, and roles as protagonists of globalization. With the term rooted globalism, Funk captures the emergence of classed intersectional identities that are simultaneously local, national, transnational, and global. Focusing on an oft-ignored axis of South-South relations (between Latin America and the Arab world), Rooted Globalism provides detailed analysis of the identities, worldviews, and motivations of this group and ultimately reveals that rather than obliterating national identities,Trade ReviewKevin Funk's Rooted Globalism challenges the ubiquitous claim that leading capitalists have mentally divorced themselves from the nation-state as they congeal into a placeless hegemonic class with a global consciousness. Funk interviewed dozens of leading capitalists in South America and finds that the identities of these global actors intersect with ethnicity, race, family and ancestral ties, migration histories, nationality, and geography to generate an empirical class consciousness that he calls "rooted globalism." Funk concludes that the borderless one-world theme articulated by transnational corporations and corporate elites is more of a political strategy to intimidate state elites than an accurate representation of their empirical class consciousness. This pathbreaking book will interest scholars in Latin American politics and political economy, but it is a must read for anyone interested in the relationship between globalization, class formation, and the state. -- Clyde W. Barrow, author of The Dangerous Class, University of Texas Rio Grande ValleyHas the ruling class of today's global capitalist system really gone global? Do they share a global worldview or consciousness? Critically probing such crucial questions to understanding our contemporary capitalist dystopia, Rooted Globalism obliterates long-held arguments regarding the existence of a nationless capitalist class imbued with a common global identity. In examining what capitalists actually think and say, the book deftly melds fine-grained empirical research with theoretical rigor in new and innovative ways. -- Alexander Anievas, author of Capital, the State, and War, University of ConnecticutCritics of neoliberal capitalism often make a common mistake: imagining elites as global actors, who also understand themselves as such. Rooted Globalism—rich in theoretical insight and drawn from detailed interviews of Latin American elites—destabilizes this assumption. Kevin Funk demonstrates that the lived worlds of elites are not simply extensions of "global" capitalism's material logics. Instead, capitalism is always cultural, elites are rooted in places and states, and capitalism is far from coherently hegemonic. -- Isaac Kamola, author of Making the World Global: US Universities and the Production of the Global Imaginary, Trinity CollegeThe intricacies of class formation in Latin America have been the object of a long tradition of critical scholarship, which tends to focus on the legacies of slavery, indigenous genocide, colonialism, and the weakness of national ruling classes. Kevin Funk brings a breath of fresh air to the field with this very original book about the "rooted globalism" of Arab-Latin American elites. Beyond presenting a wealth of new empirical research on a hitherto relatively neglected social group, the book makes a distinctive theoretical contribution to transnational class studies, challenging commonly held beliefs about the lack of local and cultural roots of transnational elites. -- Felipe Antunes de Oliveira, Queen Mary University of LondonRooted Globalism offers an incisive intervention to grasp the complex identity of the international upper class under neoliberal capitalism in the twenty-first century, evinced by unprecedented inequality. In this book Kevin Funk offers an original account of the converging and diverging forces comprising the world's capitalist class. This book uncovers the nature of the global capitalist class and the deepening global divide which threatens humanity. -- Immanuel Ness, author of Organizing Insurgency, City University of New YorkRooted Globalism traces the complicated political entanglements and economic ambitions of a Latin American elite of Arab origin. Relying on direct access to key protagonists, Funk's analysis of these South-South business linkages is nuanced, theoretically sophisticated and empirically rich. A key contribution to studies of the networked global capitalist class, Funk's book is also a must read for anyone with interest in the evolution of Latin American-Middle East relations, South-South linkages, and international political economy more broadly. -- Omar Dahi, coauthor of South–South Trade and Finance in the Twenty-First Century, Hampshire CollegeTable of ContentsAcknowledgmentsIntroduction: Capitalism and Class in Global Latin America1. Progress and Lacunae in the Study of the "Global Capitalist Class"2. How Latin America Met the Arab World3. The Tradition of Dead Generations: On the Persistence of Place-Based Longings4. Rootless Globalists? On Denationalization and Globality5. "The Flat Pluralist World of Business Class": On Constructing (and Contesting) Corporate Global ImaginariesConclusion: The Future of Global Imaginaries: Thinking Beyond Nativism and Neoliberal PropagandaBibliographyIndex
£22.49
University of Notre Dame Press Year of the Euro
Book SynopsisThe Year of the Euro examines the wide-ranging importance of Europe's new single currency beyond its impact on financial markets and the economy itself. On January 1, 2002, when the new currency began to circulate in the twelve participating member states of the European Union, the long move toward a supranational European framework for trade and institutions finally entered the fabric of daily life for hundreds of millions of citizens. The contributing authors to this highly readable and interdisciplinary volume offer a variety of perspectives on this extraordinary episode in currency change and European convergence. The book's essays offer the assessments of leading scholars of European affairsfrom the fields of history, political science, sociology, and lawas to whether the new common currency will reshape the continent's cultures, societies and political systems and, if so, in what ways. The discussions and debates found in these pages will inform those, within and outsidTrade Review"This collection should be of interest to all those concerned with the viability and implications of the euro changeover, as well as with the broader theoretical issues posed by this extraordinary historical experience. The book is intended to contribute to existing scholarship and to encourage future academic work, but it is also designed to be fully accessible and broadly informative for readers outside conventional academic circles who are interested in Europe's experience with currency union." —Abstracts of Public Administration, Development and Environment "The euro has quickly become a world currency, and this excellent work explains how this came about. It does the job, not only by looking at the economic factors involved, but also at political, legal, social, and cultural factors—all in a very creative and readable manner." —Richard Swedberg, Cornell University"If the nineteenth and twentieth centuries brought a dramatic nationalization of government-backed currencies across the world, does the euro's introduction in 2002 write finis to the era of nationalism? Here, superbly informed observers of European politics, economy, and social life debate that question from multiple perspectives, not only documenting the depth of the euro's challenge, but also mapping alternative futures for Europe. An illuminating intervention in a vital conversation." —Viviana A. Zelizer, Lloyd Cotsen '50 Professor of Sociology, Princeton University"This is one of the most interesting and original books in the burgeoning field of EU studies to have emerged in recent years. Its emphasis on the likely social and cultural—not just political and economic—impact of the euro at the national, subnational, and supranational levels is timely and refreshing. Tightly edited, this book should be essential reading for professional and amateur EU-watchers alike." —Desmond Dinan, Jean Monnet Professor of Public Policy, George Mason University
£22.49
University of Notre Dame Press Power and Regionalism in Latin America
Book SynopsisIn Power and Regionalism in Latin America: The Politics of MERCOSUR, Laura Gómez-Mera examines the erratic patterns of regional economic cooperation in the Southern Common Market (MERCOSUR), a political-economic agreement among Argentina, Brazil, Paraguay, Uruguay, and, recently, Venezuela that comprises the world's fourth-largest regional trade bloc. Despite a promising start in the early 1990s, MERCOSUR has had a tumultuous and conflict-ridden history. Yet it has survived, expanding in membership and institutional scope. What explains its survival, given a seemingly contradictory mix of conflict and cooperation? Through detailed empirical analyses of several key trade disputes between the bloc's two main partners, Argentina and Brazil, Gómez-Mera proposes an explanation that emphasizes the tension between and interplay of two sets of factors: power asymmetries within and beyond the region, and domestic-level politics. Member states share a common interest in preserviTrade Review"Gómez-Mera offers an extremely valuable contribution to our understanding of why the globe is fragmenting into regional blocs—and the implications for the future of international relations theory and practice. By masterfully integrating domestic interest groups and institutions, she brings life to the formation of foreign policy. Equally valuable are the bright lights she shines on the dangerously underdeveloped study of Brazilian foreign policy and interests." —Richard Feinberg, University of California, San Diego"This study provides a theoretically sophisticated and empirically rich analysis of the complex links between regional cooperation and inequalities of power. Its carefully researched re-construction of the patterns of conflict and cooperation within MERCOSUR represents a valuable addition to our understanding of regional dynamics within South America and their connection with domestic politics. It also significantly advances the debate on a crucial broader question in the study of contemporary global politics and political economy: the relationship between regionalism and a world of emerging regional powers." —Andrew Hurrell, University of Oxford"In a very engaging and accessible manner, Laura Gómez-Mera has successfully applied the standing theories of international relations to the case of MERCOSUR. She has woven together international/systemic and domestic theories as these pertain to the role and interaction of Brazil and Argentina, the two main middle powers in MERCOSUR. Through this analysis of regional integration and interstate conflict and cooperation, Gómez-Mera thoroughly covers all the necessary methodological bases while also bringing her subject to life. The sectoral case studies she provides reflect a tremendous amount of original fieldwork; those, combined with a sophisticated conceptual framework, comprise a valuable contribution to the field." —Carol Wise, University of Southern California“Power and Regionalism in Latin America uses a sophisticated model to explain the apparently erratic pattern of conflict and cooperation in Mercosur. Gomez Mera’s contribution is unique in that she creatively combines IR theory with the International Political Economy literature on regionalism and regional trade agreements. The result is a path-breaking study that sheds light on the specificity of regionalism in South America.” —Mario E. Carranza, Texas A&M University-Kingsville"A careful theoretical scheme includes domestic, bureaucratic, and external bloc forces to explain the evolution of this [MERCOSUR] regional integration bloc. . . . The multidimensional theoretical approach does clearly get at the complexity of the MERCOSUR case, in which domestic actors are influential but the state, albeit often divided, remains central in responding to domestic and international pressures." —Choice“This is a solid book explaining the apparently erratic pattern of conflict and cooperation in the South American integration bloc, MERCOSUR. A careful theoretical scheme includes domestic, bureaucratic, and external bloc forces to explain the evolution of this regional integration bloc . . . [while] adding specificity to the interaction between regionalism and globalization in a developing region.” —Choice“Power and Regionalism in Latin America adds depth and breadth to scholarly reflections on Mercosur and more widely on the drivers of regional cooperation. It carefully distinguishes between survival and success of integration. The interplay of systemic forces, especially regional power configurations, and domestic interests, especially state agencies’ preferences, will determine whether Mercosur will be a case of one or the other. For now, Gomez-Mera provides a convincing explanation of what is perhaps the only consistency in Mercosur’s trajectory: its inconsistency.” —Bulletin of Latin American Research
£87.55
University of Washington Press Organic Sovereignties
Book SynopsisTrade Review"This book should be required reading for students or scholars entering fieldwork in these respective countries. This book would also make an excellent case study to compliment graduate or advanced undergraduate courses in environmental anthropology and agrarian studies." * Conservation and Society *"This comparative ethnography offers a helpful discussion of free trade agreements and the politics of harmonisation centred on organic farming in addition to being relevant to readers interested in organic agriculture, seed politics, and biodiversity. This book would be a good course text for advanced undergraduate or graduate students in anthropology and environmental studies because it engages key debates about organic agriculture, offers new material on the struggles faced by organic farmers in these two countries, and provides an interesting discussion of theoretical approaches and key concepts." * Anthropologica *"[A] wonderfully insightful comparative ethnographic study." * H-Net *"Organic Sovereignties makes a powerful case for the value of studying small organic producers around the world and understanding the complexities they navigate...The book is appropriate for upper-division undergraduate or graduate courses on biodiversity, culture, and agriculture, and readers interested in these topics will benefit from “thinking between the posts” of postsocialist and postcolonial studies." * Slavic Review *"Organic Sovereignties deepens and refines understandings of contemporary organic move-ments positioned within agrarian landscapes undergoing political, economic, and social transformations. Aistara presents a carefully researched and nuanced account of how organic farmers in Latvia and Costa Rica navigate their ideals in tandem with new forms of regulation that have accompanied the former’s accession to the European Union (EU) and the latter’s incorporation into the Central American Free Trade Agreement (CAFTA)...Her research makes an original and valuable contribution to a growing body of critical scholarship examining organic farming." * Journal of Peasant Studies *"[R]igorously researched...The book makes several noteworthy theoretical contributions." * Food Anthropology *"[A] wonderful book on the complex nature of global organic agricultural production. It is a book that needs to be read closely and completely, not skimmed or perused." * Anthropology of Work Review *
£110.48
University of Washington Press Organic Sovereignties
Book SynopsisTrade Review"This book should be required reading for students or scholars entering fieldwork in these respective countries. This book would also make an excellent case study to compliment graduate or advanced undergraduate courses in environmental anthropology and agrarian studies." * Conservation and Society *"This comparative ethnography offers a helpful discussion of free trade agreements and the politics of harmonisation centred on organic farming in addition to being relevant to readers interested in organic agriculture, seed politics, and biodiversity. This book would be a good course text for advanced undergraduate or graduate students in anthropology and environmental studies because it engages key debates about organic agriculture, offers new material on the struggles faced by organic farmers in these two countries, and provides an interesting discussion of theoretical approaches and key concepts." * Anthropologica *"[A] wonderfully insightful comparative ethnographic study." * H-Net *"Organic Sovereignties makes a powerful case for the value of studying small organic producers around the world and understanding the complexities they navigate...The book is appropriate for upper-division undergraduate or graduate courses on biodiversity, culture, and agriculture, and readers interested in these topics will benefit from “thinking between the posts” of postsocialist and postcolonial studies." * Slavic Review *"Organic Sovereignties deepens and refines understandings of contemporary organic move-ments positioned within agrarian landscapes undergoing political, economic, and social transformations. Aistara presents a carefully researched and nuanced account of how organic farmers in Latvia and Costa Rica navigate their ideals in tandem with new forms of regulation that have accompanied the former’s accession to the European Union (EU) and the latter’s incorporation into the Central American Free Trade Agreement (CAFTA)...Her research makes an original and valuable contribution to a growing body of critical scholarship examining organic farming." * Journal of Peasant Studies *"[R]igorously researched...The book makes several noteworthy theoretical contributions." * Food Anthropology *"[A] wonderful book on the complex nature of global organic agricultural production. It is a book that needs to be read closely and completely, not skimmed or perused." * Anthropology of Work Review *
£33.98
MV - University of Washington Press Technological Competition and Interdependence
Book Synopsis
£62.03
University of Wisconsin Press Dead in the Water Global Lessons from the World
Book Synopsis
£18.36
Yale University Press Playing Monopoly with the Devil
Book SynopsisWhy should a developing country surrender its power to create money by adopting an international currency as its own? This comprehensive book explores the currency problems that developing countries face and offers practical advice for policymakers on how to deal with them.Trade Review“In this remarkably lucid and fun book, Manuel Hinds explodes any remaining myths about the need for most countries to maintain their own currencies. For a watertight explanation of how and why dollarization makes eminent sense, one couldn’t do better than read this book.”—Robert Litan, Vice President for Research and Policy at the Kauffman Foundation, Senior Fellow at the Brookings Institution, and co-author of Financial Statecraft -- Robert Litan"Dollarization as a policy idea is much more discussed than tested. Manuel Hinds has helped put it to the test in El Salvador with some impressive results. This book makes a powerful argument: It should be read by all who wish to act or opine on the critical question of whether one country, one currency is right for the twenty-first century."—Lawrence Summers, former Secretary of the Treasury of the United States and president of Harvard University -- Lawrence Summers
£42.75
Yale University Press The Emperors New Road
Book SynopsisA prominent authority on China's Belt and Road Initiative reveals the global risks lurking within Beijing's project of the centuryTrade Review“[T]he book points up a central, unresolved paradox of China in the world...Hillman’s book is at its most beguiling when he recounts his traveller’s tales. At one point, he finds himself in Aktau, a port on the Kazakhstan side of the Caspian Sea. This is a crucial link for the BRI, a place from which cargo and people cross the huge inland sea on ships that connect Asia with Europe.”—James Kynge, Financial Times“Jonathan Hillman’s new book offers a reality check on Beijing’s global infrastructure project . . . No mere desk-bound theoretician, he provides personal accounts of visits to key projects across Africa and Asia, struggles with bureaucracy and mutual suspicion at China’s borders, bringing all their logistics to life.”—Peter Neville-Hadley, South China Morning Post“Hillman’s book is a rare and insightful one alerting the world to the dangers of allowing itself to be reshaped, by an autocratic China, armed with the latest mass surveillance technologies, in its image and for its benefit. The Emperor’s New Road: China and the Project of the Century deserves to be read by policymakers everywhere.”—Uday Balakrishnan, Biblio"Hillman takes us on a wonderfully engaging journey along China’s Belt and Road. He weaves together fresh insights from on-the-ground interviews across the Eurasian continent with fascinating historical references to provide the definitive account of this grand-scale initiative that challenges our understanding of traditional geopolitical and strategic boundaries."—Elizabeth C. Economy, author of The Third Revolution"The Emperor’s New Road is a small book that shows the industriousness of a big one: a complex blend of travel, history, politics, and economics about the greatest long-running geopolitical story of our time, China’s new Silk Road. It shows the big picture as well as the vital, ground-level details.”—Robert D. Kaplan, author of The Return of Marco Polo’s World and The Revenge of Geography"China’s Belt and Road is reshaping the world’s economic and strategic landscape, and in this sweeping and thought-provoking tour, Jonathan Hillman reveals the gaps between Beijing’s grand rhetoric and ground reality. Required reading for the C-Suite and the Situation Room.”—Stephen J. Hadley, former U.S. National Security Advisor“An outstanding book by one of the most interesting and original thinkers about the rise of China, the Belt and Road Initiative, and what both mean for the rest of the world. Filled with insights into the changing world of the twenty-first century—essential reading.”—Peter Frankopan, author of the international bestseller The Silk Roads: A New History of the World"Jonathan Hillman offers an insightful contribution that helps cut through the noise on one of the most important projects of China’s foreign policy.”—Graham Allison, Harvard Kennedy School of Government
£23.75
Yale University Press The World Turned Upside Down
Book SynopsisAn authority on Asia and globalization identifies the challenges China’s growing power poses and how it must be confrontedTrade Review"Timely and thought-provoking...refreshing... Prestowitz provides an unsparing analysis of how Washington's elite fell into the grip of their China delusion."—James Kynge, Financial Times“A much needed counterpoint to the air of complacency that surrounds much writing about China. Prestowitz's suggestions about what measures America and other countries should now take are worth the price of the book alone.”—Matthew Partridge, Money Week ‘Book of the Week’“Proposes a lengthy list of new measures and institutions designed to restore the United States to economic independence and predominance”—Niall Ferguson, Times Literary Supplement “Raises such thought provoking questions with a sense of urgency, provides a novel and fair comparative analysis and suggests possible proactive measures to protect western allies’ interests. This book is a welcome clarion call for western nation states to consider the most productive, constructive ways in which they might coexist with a rising China...It deserves a wide audience.”—Christopher Ruane, Asian Affairs"Clyde Prestowitz presents the most comprehensive and practical plan yet to meet the Chinese Communist Party’s grave challenge to the United States."—Dennis Blair, former Director of National Intelligence"In The World Turned Upside Down, Clyde Prestowitz, who led the way in describing how a country like Japan can skew the world trading system, powerfully addresses the biggest problem of all: China. A perfect match of author and subject."—James Mann, author of The China Fantasy“How did America and other advanced democracies find themselves increasingly beholden to the Chinese Communist Party? Seasoned Asia hand Clyde Prestowitz’ wide-ranging exposé unpacks the long road to this current disturbing reality, while offering a sober and sensible blueprint for pushing back against the PRC’s malign activities in the US and around the world.”—David Shambaugh, author of Where Great Powers Meet: America & China in Southeast Asia"This book lucidly describes the economic and diplomatic misconceptions that have shaped our China policy. It then lays out many ways that we can act to prevent Chinese hegemony."—Ralph Gomory, President Emeritus, Sloan Foundation, former Chief Scientist, IBM“Many books have described what China is, where it is going and where it comes from. What makes this book unique is Prestowitz’s detailed prescription for how the US should change to face China. Every political, academic and business leader who cares about democracy and the free world should read this book and follow its advice. “—Alberto Forchielli, Chairman and CEO of Mandarin Capital
£23.75
John Wiley & Sons Inc Uprising Will Emerging Markets Shape or Shake
Book SynopsisEmerging markets are big news. But after the financial crisis, what does the future really hold for them? And what does this future mean for global business? George Magnus, one of the world's most respected economic analysts, is your guide through the challenges and opportunities for emerging markets and those doing business in them.Trade Review'...a useful corrective to some of the more breathless and overenthusiastic tracts on China's inevitable path to world domination.' (Management Today, Novemberm 2010). '... Magnus takes an epic sweep of the emerging economies- from China and India to Turkey and Eastern Europe.' (Wharf, November 2010). "...a considered view of the advances of China, India and other emerging economies ." (Financial Times, November 2010). ' Magnus's overarching argument is that China still lacks the organisations and institutions that accept ...the key to technological innovation.' (Reuters.com, November 2010). '...blow-by-blow account of the global scene today...his [Magnus's] crystal ball presents surprising conclusions.' (BMI Voyager, April 2011). '... worth reading'. (Survival, June 2011).Table of ContentsAcknowledgments vii Introduction 1 Chapter 1 Back to the Future? 27 Chapter 2 Who Are Those Guys? 55 Chapter 3 To Armageddon and Back 89 Chapter 4 Atomic Clouds of Footloose Funds 123 Chapter 5 After the Crisis: Catharsis or Chaos? 157 Chapter 6 Older and Wiser: Demographic and Technological Challenges 205 Chapter 7 The Climate Change Catch–22 261 Chapter 8 Who Will Inherit the Earth? 299 Notes 341 Index 353
£19.94
John Wiley & Sons Inc An Introduction to International Capital Markets
Book SynopsisFully revised and updated from the hugely popular first edition, this book is an accessible and convenient one-volume introduction to international capital markets, ideal for those entering or planning to enter investment banking or asset management. As well as serving as an invaluable reference tool for professionals already working in the industry looking to extend their knowledge base it will also benefit all those working in trading, sales and support roles. Describing how the key products and markets work, who the principle participants are and their overall goals and objectives, Andrew Chisholm provides a thorough overview of the global capital markets. The book covers a wide range of equity, debt, foreign exchange and credit instruments as well as the principal derivative products. In a step-by-step fashion, making extensive use of real world cases and examples, it explains money markets, foreign exchange, bond markets, cash equity markets, equity valuation techniques, swapsTable of ContentsAcknowledgements xv 1 Introduction: The Market Context 1 1.1 Capital and the Capital Markets 1 1.2 The Euromarkets (International Capital Markets) 4 1.3 Modern Investment Banking 5 1.4 The Clients of Investment Banks 8 1.5 About this Book 11 2 The Money Markets 15 2.1 Chapter Overview 15 2.2 Domestic Money Markets 15 2.3 US Domestic Markets 16 2.4 The European Central Bank (ECB) 18 2.5 Sterling Money Markets 19 2.6 The Bank of Japan 20 2.7 Systemic Risks and Moral Hazards 20 2.8 Treasury Bills 21 2.9 Discounting Treasury Bills 21 2.10 US Commercial Paper 24 2.11 Credit Risk on USCP 25 2.12 Bankers’ Acceptances 26 2.13 The Eurocurrency Markets 26 2.14 Eurocurrency Loans and Deposits 27 2.15 Eurocurrency Interest and Day-Count 29 2.16 Eurocurrency Certificates of Deposit 30 2.17 CD Yield-to-Maturity 31 2.18 Euro-Commercial Paper 31 2.19 Repos and Reverses 32 2.20 Repo: Case Study 33 2.21 Other Features of Repos 33 2.22 Chapter Summary 34 3 The Foreign Exchange Market 37 3.1 Chapter Overview 37 3.2 Market Structure 37 3.3 FX Dealers and Brokers 38 3.4 Spot Foreign Exchange Deals 39 3.5 Sterling and Euro Quotations 40 3.6 Factors Affecting Spot FX Rates 41 3.7 Spot FX Trading 44 3.8 Spot Position Keeping 45 3.9 FX Risk Control 47 3.10 Cross-Currency Rates 49 3.11 Outright Forward FX Rates 50 3.12 Outright Forward FX Hedge: Case Study 51 3.13 Forward FX Formula 52 3.14 FX or Forward Swaps 53 3.15 FX Swap Two-Way Quotations 55 3.16 Chapter Summary 56 4 Major Government Bond Markets 59 4.1 Chapter Overview 59 4.2 Introduction to Government Bonds 59 4.3 Sovereign Risk 60 4.4 US Government Notes and Bonds 62 4.5 US Treasury Quotations 64 4.6 US Treasury Strips 66 4.7 Bond Pricing 67 4.8 Pricing Coupon Bonds: Examples 68 4.9 Detailed Bond Valuation: US Treasury 69 4.10 Bond Yield 71 4.11 Reinvestment Assumptions 72 4.12 Annual and Semi-Annual Bond Yields 73 4.13 UK Government Bonds 74 4.14 Japanese Government Bonds (JGBs) 77 4.15 Eurozone Government Bonds 77 4.16 Chapter Summary 78 5 Bond Price Sensitivity 81 5.1 Chapter Overview 81 5.2 Bond Market Laws 81 5.3 Other Factors Affecting Price Sensitivity 83 5.4 Macaulay’s Duration 83 5.5 Calculating Macaulay’s Duration 84 5.6 Duration of a Zero 85 5.7 Modified Duration 86 5.8 Price Value of a Basis Point 87 5.9 Convexity 88 5.10 Measuring Convexity 88 5.11 Convexity Behaviour 90 5.12 Portfolio Duration 91 5.13 Dedication 92 5.14 Immunization 94 5.15 Duration-Based Hedges 96 5.16 Convexity Effects on Duration Hedges 97 5.17 Chapter Summary 98 6 The Yield Curve 99 6.1 Chapter Overview 99 6.2 Real and Nominal Interest Rates 99 6.3 Compounding Periods 100 6.4 The Yield Curve Defined 101 6.5 Theories of Yield Curves 102 6.6 Zero Coupon or Spot Rates 104 6.7 Bootstrapping 106 6.8 Spot Rates and the Par Curve 108 6.9 Pricing Models Using Spot Rates 108 6.10 Forward Rates 109 6.11 Discount Factors 110 6.12 Chapter Summary 112 7 Credit Spreads and Securitization 113 7.1 Chapter Overview 113 7.2 Basics of Credit Spreads 113 7.3 The Role of the Ratings Agencies 115 7.4 Credit Spreads and Default Probabilities 117 7.5 Credit Default Swaps 118 7.6 Index Credit Default Swaps 121 7.7 Basket Default Swaps 122 7.8 Credit-Linked Notes 123 7.9 Securitization and CDOs 124 7.10 Rationale for Securitization 126 7.11 Synthetic CDOs 126 7.12 Chapter Summary 128 8 Equity Markets and Equity Investment 129 8.1 Chapter Overview 129 8.2 Comparing Corporate Debt and Equity 129 8.3 Additional Features of Common Stock 130 8.4 Hybrid Securities 131 8.5 Equity Investment Styles 132 8.6 Efficient Markets 133 8.7 Modern Portfolio Theory (MPT) 135 8.8 Primary Markets for Common Stock 138 8.9 Subsequent Common Stock Issues 140 8.10 Secondary Markets: Major Stock Markets 142 8.11 Depository Receipts 145 8.12 Stock Lending 146 8.13 Portfolio (Basket) Trading 148 8.14 Chapter Summary 148 9 Equity Fundamental Analysis 151 9.1 Chapter Overview 151 9.2 Principles of Common Stock Valuation 151 9.3 The Balance Sheet Equation 152 9.4 The Income Statement 154 9.5 Earnings Per Share (EPS) 156 9.6 Dividend Per Share (DPS) 157 9.7 Ratio Analysis 158 9.8 Liquidity Ratios 159 9.9 Profitability Ratios 159 9.10 Leverage Ratios 161 9.11 Investor Ratios and Valuation 162 9.12 Applying Valuation Multiples 163 9.13 Firm or Enterprise Value Multiples 165 9.14 Chapter Summary 166 10 Cash Flow Models in Equity Valuation 169 10.1 Chapter Overview 169 10.2 The Basic Dividend Discount Model 169 10.3 Constant Dividend Growth Models 170 10.4 The Implied Return on a Share 172 10.5 Dividend Yield and Dividend Growth 172 10.6 Price/Earnings Ratio 173 10.7 Stage Dividend Discount Models 175 10.8 Two-Stage Model: Example 175 10.9 The Capital Asset Pricing Model (CAPM) 176 10.10 Beta 177 10.11 Estimating the Market Risk Premium 178 10.12 The Equity Risk Premium Controversy 178 10.13 CAPM and Portfolio Theory 180 10.14 Free Cash Flow Valuation 183 10.15 Forecasting Free Cash Flows 184 10.16 Weighted Average Cost of Capital (WACC) 185 10.17 Residual Value 186 10.18 WACC and Leverage 187 10.19 Assets Beta Method 189 10.20 Company Value and Leverage 190 10.21 Chapter Summary 191 11 Interest Rate Forwards and Futures 193 11.1 Chapter Overview 193 11.2 Forward Rate Agreements (FRAs) 193 11.3 FRA Application: Case Study 194 11.4 Borrowing Costs with an FRA Hedge 196 11.5 FRA Market Quotations 197 11.6 The Forward Interest Rate 199 11.7 Financial Futures 201 11.8 CME Eurodollar Futures 203 11.9 Eurodollar Futures Quotations 203 11.10 Futures Margining 204 11.11 Margining Example: EURIBOR Futures on Eurex 205 11.12 Hedging with Interest Rate Futures: Case Study 208 11.13 Futures Strips 209 11.14 Chapter Summary 211 Appendix: Statistics on Derivative Markets 211 12 Bond Futures 213 12.1 Chapter Overview 213 12.2 Definitions 213 12.3 The CBOT 30-Year US Treasury Bonds Futures 213 12.4 Invoice Amount and Conversion Factors 214 12.5 Long Gilt and Euro-Bund Futures 216 12.6 Forward Bond Price 217 12.7 Carry Cost 218 12.8 The Implied Repo Rate 218 12.9 The Cheapest to Deliver (CTD) Bond 219 12.10 CTD Behaviour 221 12.11 Hedging with Bond Futures 222 12.12 Basis Risk 223 12.13 Hedging Non-CTD Bonds 224 12.14 Using Futures in Portfolio Management 225 12.15 Chapter Summary 226 13 Interest Rate Swaps 227 13.1 Chapter Overview 227 13.2 Swap Definitions 227 13.3 The Basic Interest Rate Swap Illustrated 228 13.4 Typical Swap Applications 230 13.5 Interest Rate Swap: Detailed Case Study 231 13.6 Interest Rate Swap Terms 233 13.7 Comparative Advantage 234 13.8 Swap Quotations and Spreads 236 13.9 Determinants of Swap Spreads 237 13.10 Hedging Swaps with Treasuries 238 13.11 Cross-Currency Swaps: Case Study 239 13.12 Cross-Currency Swap Revaluation 241 13.13 Chapter Summary 242 Appendix: Swap Variants 242 14 Interest Rate Swap Valuation 245 14.1 Chapter Overview 245 14.2 Valuing a Swap at Inception 245 14.3 Valuing the Swap Components 246 14.4 Swap Revaluation 247 14.5 Revaluation Between Payment Dates 248 14.6 The Forward Rate Method 249 14.7 Forward Rate Method on a Spreadsheet 251 14.8 Swap Rates and LIBOR Rates 251 14.9 Pricing a Swap from Futures 252 14.10 Hedging Interest Rate Risk on Swaps 256 14.11 Chapter Summary 257 15 Equity Index Futures and Swaps 259 15.1 Chapter Overview 259 15.2 Index Futures 259 15.3 Margining Procedures 260 15.4 Final Settlement and Spread Trades 262 15.5 Hedging with Index Futures: Case Study 263 15.6 Hedge Efficiency 264 15.7 Other Uses of Index Futures 265 15.8 Pricing an Equity Forward Contract 266 15.9 Index Futures Fair Value 267 15.10 The Basis 268 15.11 Index Arbitrage Trade 269 15.12 Running an Arbitrage Desk 270 15.13 Features of Index Futures 271 15.14 Equity Swaps 272 15.15 Managing the Risks on Equity Swaps 273 15.16 Structuring Equity Swaps 274 15.17 Benefits and Applications of Equity Swaps 275 15.18 Chapter Summary 276 16 Fundamentals of Options 277 16.1 Chapter Overview 277 16.2 Definitions 277 16.3 Basic Option Trading Strategies 278 16.4 Long Call: Expiry Payoff Profile 279 16.5 Short Call: Expiry Payoff Profile 281 16.6 Long Put: Expiry Payoff Profile 282 16.7 Short Put: Expiry Payoff Profile 284 16.8 Summary: Intrinsic and Time Value 284 16.9 CBOE Stock Options 285 16.10 CME S&P 500 Index Options 286 16.11 Stock Options on LIFFE 287 16.12 FT-SE 100 Index Options 288 16.13 Chapter Summary 289 Appendix: Exotic Options 289 17 Option Valuation Models 293 17.1 Chapter Overview 293 17.2 Fundamental Principles: European Options 293 17.3 Synthetic Forwards and Futures 295 17.4 American Options and Early Exercise 296 17.5 Binomial Trees 297 17.6 Expanding the Tree 300 17.7 Black-Scholes Model 302 17.8 Black-Scholes Assumptions 305 17.9 Chapter Summary 305 Appendix: Measuring Historic Volatility 306 18 Option Pricing and Risks 309 18.1 Chapter Overview 309 18.2 Intrinsic and Time Value Behaviour 309 18.3 Volatility Assumption and Option Pricing 311 18.4 Delta (Δ or δ) 312 18.5 Delta Behaviour 313 18.6 Gamma (Γ or γ ) 314 18.7 Readjusting the Delta Hedge 315 18.8 Gamma Behaviour 316 18.9 Theta (Θ) 318 18.10 Vega 319 18.11 Rho (p) and Summary of Greeks 319 18.12 Chapter Summary 321 Appendix: Delta and Gamma Hedging 322 19 Option Strategies 325 19.1 Chapter Overview 325 19.2 Hedging with Put Options 325 19.3 Covered Call Writing 329 19.4 Collars 330 19.5 Bull and Bear Spreads 332 19.6 Other Spread Trades 334 19.7 Volatility Revisited 336 19.8 Volatility Trading: Straddles and Strangles 338 19.9 Current Payoff Profiles 339 19.10 Profits and Risks on Straddles 341 19.11 Chapter Summary 343 20 Additional Option Applications 345 20.1 Chapter Overview 345 20.2 OTC and Exchange-traded Currency Options 345 20.3 Hedging FX Exposures with Options: Case Study 346 20.4 Pricing Currency Options 348 20.5 Interest Rate Options 349 20.6 Exchange-Traded Interest Rate Options 350 20.7 Caps, Floors, and Collars 352 20.8 Interest Rate Cap: Case Study 353 20.9 Pricing Caps and Floors: Black Model 355 20.10 Swaptions 357 20.11 Interest Rate Strategies 359 20.12 Convertible Bonds 360 20.13 CB Measures of Value 361 20.14 Conversion Premium and Parity 363 20.15 Convertible Arbitrage 364 20.16 Chapter Summary 366 Glossary of Financial Terms 369 Index 415
£47.49
John Wiley & Sons Inc Future of the Multinational Co
Book SynopsisRecent events----from September 11th to anti--globalization----have accentuated the sense that the global economy is moving into uncharted waters. Bringing together the leading authorities on globalization and international business, this book looks ahead to the new challenges facing international companies in this new economy.Trade Review"...a wealth of information..." (Transnational Corporations, June 2006)Table of ContentsIntroduction (Julian Birkinshaw, Sumantra Ghoshal, Costas Markides, John Stopford, George Yip). SECTION 1: RIVAL STATES, RIVAL FIRMS. Chapter 1: The (A)Political Multinational: State-Firm Rivalry Revisited (Louis Turner). Chapter 2: The moral response to capitalism: Can we learn from the Victorians?(John Dunning). Chapter 3: The multi-home based multinational: combining global competitiveness and local innovativeness (Örjan Sölvell). Chapter 4: Regional multinationals: The location-bound drivers of global strategy (Alan Rugman and Alain Verbeke). SECTION 2: MANAGING THE MULTINATIONAL ENTERPRISE. Chapter 5: The evolving multinational: Strategy and structure in Latin American operations, 1990-2000 (Jose de la Torre, Jose Paulo Esperanca and Jon Martinez). Chapter 6: Risk and the dynamics of globalisation (Don Lessard). Chapter 7: The global OEM: The transformation of Asian sup plier companies )(Anthony Leung and George Yip) . Chapter 8: Designing Multinationals: Is it all over now? (Lawrence Franko). Chapter 9: The customer-focused multinational: revisiting the Stopford and Wells model in an era of global customers (Julian Birkinshaw and Siri Terjesen). Chapter 10: Geography as a design variable (Eleanor Westney). Chapter 11: Regional Organisations: Beware of the pitfalls (Paul Verdin, Venkat Subramanian, Alice de Koning and Eline Van Poeck). Chapter 12: The Metanational: The next step in the evolution of the Multinational Enterprise (Yves Doz, Jose Santos and Peter Williamson). SECTION 3: REJUVENATING THE MATURE BUSINESS. Chapter 13: The critical role of sense-making in Rejuvenating the Mature Business (John Stopford and Charles Baden-Fuller). Chapter 14: The invisible underpinnings of corporate rejuvenation: purposeful action taking by individuals (Sumantra Ghoshal and Heike Bruch). Chapter 15: Rejuvenation revisited: Identifying and managing strategy decay and innovation (Peter Williamson). Chapter 16: Racing to be second: Innovation through imitation (Costas Markides). Chapter 17: Who needs multinationals? Lessons from open-source software (Rob Grant, Andrea Lipparini, Gianni Lorenzoni, and Elaine Romanelli). SECTION: 4. Chapter 18: Management Research: Reprise and Prologue (John Stopford). Bibliography. List of Contributors. Index.
£39.89
John Wiley & Sons Inc Going Off the Rails
Book SynopsisThe capitalist model was developed in the 19th century and recent events have shown the difficulties of adapting this to the demands of the 21st century, in which human and social capital are of far greater importance than physical capital.Trade Review"... cleverly links globalisation and Anglo-American capitalism... if you want to understand what business is going through, it is an excellent place to start." (Management Today, March 2003) 'Plender, a respected Financial Times columnist and former chaiman of the corporate governance consultancy PIRC, analyses the crisis cogently both on macro and micro levels' (Director, April 2003) "…His insightful and wide-ranging book is a must for anyone who wants to understand how global finance shapes the world…" (New Statesman, 21 April 2003) "…Going off the Rails looks at the myriad ways in which those trusted to look after shareholders’ money have let them down…" (Financial Times, 5 May 2003) “…An intelligent book…”(En, May/June 2003)Table of ContentsAbout the author vii Preface ix Part 1 IMPATIENT CAPITAL 1 1 The turn of the global tide 3 2 The Third World ghetto 25 3 Dr Pangloss comes to Wall Street 53 4 Europe pulls up a drawbridge 81 Part 2 DOUBLE STANDARDS 107 5 Uncreative destruction 109 6 The just-in-time CEO 137 7 Enron, alas 161 Part 3 THE LIMITS OF CONVERGENCE 183 8 Apocalypse later 185 9 The semi-detached samurai 201 Part 4 BEYOND SHAREHOLDER VALUE 217 10 The legitimacy crisis 219 11 Putting the world to rights 243 Index 275
£23.96
John Wiley & Sons Inc The Alchemy of Finance
Book SynopsisThe author reveals his own investment strategies in this text, as well as providing a theoretical and practical account of current financial trends. He explores the boom-bust cycle, the role of money and credit, mergers and acquisitions, the international debt crisis and much more.Table of ContentsTHEORY. The Theory of Reflexivity. Reflexivity in the Stock Market. Reflexivity in the Currency Market. The Credit and Regulatory Cycle. HISTORICAL PERSPECTIVE. The International Debt Problem. The Collective System of Lending. Reagan's Imperial Circle. Evolution of the Banking System. The ``Oligopolarization'' of America. THE REAL-TIME EXPERIMENT. The Starting Point: August 1985. Phase 1: August 1985--December 1985. Control Period: January 1986--July 1986. Phase 2: July 1986--November 1986. The Conclusion: November 1986. EVALUATION. The Scope for Financial Alchemy: An Evaluation of theExperiment. The Quandary of the Social Sciences. PRESCRIPTION. Free Markets Versus Regulation. Toward an International Central Bank. The Paradox of Systemic Reform. The Crash of '87. Epilogue. Notes.
£110.25
John Wiley & Sons Inc The International Sugar Trade
Book SynopsisHistorically at the mercy of everything from war to weather, the price of sugar has always been extremely volatile. This book explores the broad scope of the sugar market, providing a global tour of the international sugar trade in all its intricacy. It also includes topics ranging from cultivation and refinement to importing and exporting.Table of ContentsORIGINS, BACKGROUND AND PRODUCTION. A Brief History. Cultivation. Sugar in Its Political and Sociological Context. THE WORLD SUGAR ECONOMY TODAY. National Policies. Supply. Demand. Exporters and Importers. Substitute Products. THE TRADE. Trends in the World Trade. Trends in World Prices. Futures Markets. THE FUTURE. Key Issues for the Future. Appendices. References. Index.
£162.00
