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The explosive growth and increasing complexity of global financial markets are defining characteristics of the contemporary world economy. Unfortunately, financial globalization has been accompanied by a marked increase in the frequency and severity of financial crises. The International Monetary Fund (IMF) has taken a central role in managing these crises through its loans to developing countries. Despite extensive analysis and criticism of the IMF in recent years, key questions remain unanswered. Why does the Fund treat some countries more generously than others? To what extent is IMF lending driven by political factors rather than economic concerns? In whose interests does the IMF act? In this book, Mark Copelovitch offers novel answers to these questions. Combining statistical analysis with detailed case studies, he demonstrates how the politics and policies of the IMF have evolved over the last three decades in response to fundamental changes in the composition of international capital flows.
SELECTED AS A BBC RADIO 4 BOOK OF THE WEEK Born and raised in America, Mildred Harnack was twenty-six and living in Germany when she witnessed the meteoric rise of the Nazi party. She began holding secret meetings in her apartment, forming a small band of political activists set on helping Jews escape, denouncing Hitler and calling for revolution. When the Second World War began, she became a spy, couriering top-secret intelligence to the Allies. In this astonishing work of non-fiction, Harnack’s great-great-niece Rebecca Donner draws on extensive archival research, fusing elements of biography, political thriller and scholarly detective story to tell a powerful, epic tale of an enigmatic woman nearly erased by history.
The essays in Anticipating Total War explore the discourse on war in Germany and the United States between 1871 and 1914. The concept of "total war" provides the analytical focus. The essays reveal vigorous discussions of warfare in several forums among soldiers, statesmen, women's groups, and educators on both sides of the Atlantic. Predictions of long, cataclysmic wars were not uncommon in these discussions, while the involvement of German and American soldiers in colonial warfare suggested that future combat would not spare civilians. Despite these "anticipations of total war," virtually no one realized the practical implications in planning for war in the early twentieth century.
Shows how the politics of banking crises has been transformed by the growing 'great expectations' among middle class voters that governments should protect their wealth.
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Citizens, Elites, and the Legitimacy of Global Governance offers the first full comparative study of citizen and elite legitimacy beliefs toward global governance. Empirically, it provides a comprehensive analysis of public and elite opinion toward global governance, building on two uniquely coordinated surveys covering multiple countries and international organizations. Theoretically, it develops an individual-level approach, exploring how a person's characteristics i...
Economic property rights are the fundamental unit of economic analysis, necessary to resource allocation, organizations, and institutions.
When and why are right-wing populist parties electorally successful in developing democracies? What are the economic consequences of their electoral success? This book presents an original theoretical framework that is grounded in the socio-economic characteristics of developing countries to answer these questions and provides evidence for its theo
Foreign direct investment (FDI), the investments that firms make to produce goods in foreign countries, is integral to global economic integration. However, we lack explanations for why and how countries set policies governing these investments. This book examines why countries dismantled FDI restrictions over the period 1970-2000. It features statistical analyses of the most comprehensive dataset of industry-level FDI regulations to date, covering more than one hundred countries. It also highlights the economic and political foundations of global economic integration and supplies the tools to understand the growing economic conflicts between advanced economics and large emerging markets such as China and India.
An essential guide to renewing American leadership in a turbulent, polarized, and postdominant world Is America fated to decline as a great power? Can it recover? With absorbing insight and fresh perspective, foreign policy expert Andrew Imbrie provides a road map for bolstering American leadership in an era of turbulence abroad and deepening polarization at home. This is a book about choices: the tough policy trade-offs that political leaders need to make to reinvigorate American money, might, and clout. In the conventional telling, the United States is either destined for continued dominance or doomed to irreversible decline. Imbrie argues instead that the United States must adapt to changing global dynamics and compete more wisely. Drawing on the author’s own experience as an adviser to Secretary of State John Kerry, as well as on interviews and comparative studies of the rise and fall of nations, this book offers a sharp look at American statecraft and the United States’ place in the world today.
The first comparative account of the remarkable economic recovery of Germany and Japan since the end of World War II.