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Economic Policies of Populist Leaders
Providing a comparative analysis of Central and Eastern European economies, this book explores the economic impacts of populism in those countries in the region which have seen some form of populist rule. Populism has been thriving in the new member states of the EU ever since the outburst of the global financial and economic crisis, but unlike the cases of Latin America, Brexit or the Trump administration, the emphasis has not been on trade protectionism or unsustainable macroeconomic policies in these countries. This book demonstrates that studying macroeconomic variables such as fiscal balance or current account positions cannot tell the whole story of the economic consequences of populis...
Crisis in the West and the East
At the end of the 1990s and the start of the new millennium, globalisation was the main buzzword in the social sciences; nowadays, however, this role has been taken over by governance. So much so in fact that the term has earned considerable credit outside of the academia, and has become the topic of heated discussions in public debates as well. Globalisation and governance are, nevertheless, not independent from each other. It is a pity that a full-blown crisis, such as the global financial and economic crisis of 2007-2008, was needed to make it painfully evident that the success of globalisation and the design of good governance mutually presuppose one another; one cannot exist without the...
Deficit and Debt in Transition
The adjustment problems of public finance in countries of Central and Eastern Europe (CEE) are often misunderstood and misinterpreted by western scholars. This book contributes to the bridging of the gap between what is being thought by external observers and what the actual public finance reality is, as described by competent local scholars. Popular political economy research has remained biased towards advanced countries and has neglected developing and transition economies. Publications on CEE countries? public finances seem to be reluctant to apply the conceptual framework of standard political economy to these countries because of the assumption that CEE economies are different from their Western peers. But is this really the case? Are CEE economies so much different that none of the well-known ?Western? political economy concepts or models can be applied to the analysis of fiscal performance in the region? Benczes demonstrates that they can be safely applied in the context of CEE economies as well. He sees no need to develop a separate or unique theory designed for the study and understanding of (one-time) transition economies. ÿ
Trimming the Sails
The book provides a clear, multidisciplinary and systematic analysis of the relatively new concept of the so-called expansionary fiscal consolidations. This concept suggests that fiscal adjustment should not be in trade-off with economic growth if certain conditions are met. But why do only a few countries and only at certain times experience the expansionary effects, while others not at all? The necessary institutional conditions and circumstances have been totally neglected in the literature, or analyzed only partially at best.
Communism in Eastern Europe
Communism in Eastern Europe is a ground-breaking new survey of the history of Eastern Europe since 1945. It examines how Communist governments came to Eastern Europe, how they changed their societies and the legacies that persisted after their fall. Written from the perspective of the 21st century, this book shows how Eastern Europe’s trajectory since 1989 fits into the longer history of its Communist past. Rather than focusing on high politics, Communism in Eastern Europe concentrates on the politics of daily life, melding political history with social, cultural and gender history. It tells the history of this complicated era through the voices and experiences of ordinary people. By focusing on the complex interactions of everyday life, Communism in Eastern Europe illuminates the world Communism made in Eastern Europe, its politics and culture, values and dreams, successes and failures. This book is an engaging introduction to the history of Communist Eastern Europe for any reader. It is ideal for adoption in a wide array of undergraduate and graduate courses in 20th century European history.
Hungary in State of Exception
Hungary in State of Exception seeks to analyze the transboundary exchange of political and economic ideas through the global neoliberal hegemonic struggle. Neoliberalism, as a economic and political ideology, defined the history of Hungary not just in the 21st century, but in the troubled 20th century. Eastern Europe played a crucial role in neoliberalism’s rise to control globalized capitalism, and Central and Eastern Europe (CEE) have constantly an incubator of and experimental laboratory for new types of neoliberal capitalism. Antal arguesthat neoliberalism, like populism, is historically embedded in Hungarian political history, its the political form is economic and governmental exceptionalism. This book reveals the common history of Western- and Eastern-style neoliberalism from the Austro-Hungarian Empire to the contemporary COVID-19 crisis. Without emphasis on the century of neoliberalization of CEE, the contemporary rise of regional authoritarianism cannot be understood. Antal also details the relationship between Orbán’s rise and contemporary neoliberal politics in CEE.
Institutional trust and economic policy Lessons from the history of the Euro
The book seeks to link theoretical debates on the relevance of trust in economic outcomes with the current arguments about the origins and lessons of the subprime crisis. By what mechanisms does trust influence economic outcomes? Under what conditions do these mechanisms prevail? How do debates about trust help our understanding of the subprime crisis in the European Union? By integrating insights from Post-Keynesian, Austrian and new institutional economics, the central proposition of the analysis is that the presence or absence of institutional trust creates virtuous and vicious cycles in law-abiding, which critically influence the possibility for economic agents to have realistic long-term plans.
Protest in Late Modern Societies
This book discusses a broadly understood phenomenon of protest from several perspectives, including historical, cultural, social, political, environmental and semiotic. Through their analyses, the authors undertake to envision the possible evolution of the forms of contestation in the further decades of the 21st century, taking into account the specificity of the globalisation processes. A multidimensional approach offered in this volume makes it possible to capture and identify new features of contemporary contestation and those that seem unchanged despite the passage of time and altering audiences. Examples from Europe (France, the United Kingdom, Italy, Ireland, Malta, Bulgaria, Poland, B...
The Political Economy of Emerging Markets and Alternative Development Paths
This volume is the continuation of our research on economic and developmental policy-making in the global semi-periphery in the post-crisis cycle (see our two recently published volumes titled ‘Market-Liberalism and Economic Patriotism in Capitalist Systems’ edited by Gerőcs and Szanyi, 2019, Palgrave Macmillan and ‘The Post-Crisis Developmental State – Perspectives from the Global Periphery’ edited by Gerőcs and Ricz, 2021). Our new volume aims to be a contribution to the analysis of emerging market economies’ alternative development trajectories, as we explore the new perspectives on semi-peripheral dependent development since the Global Financial Crisis and especially amidst...
