With a common heritage as former colonies of Europe, why did the United States so outstrip Latin America in terms of economic development in the nineteenth century? In this innovative study, Camilla Townsend challenges the traditional view that North Americans succeeded because of better attitudes toward work—the Protestant work ethic—and argues instead that they prospered because of differences in attitudes towards workers that evolved in the colonial era.

Townsend builds her study around workers' lives in two very similar port cities in the 1820s and 1830s. Through the eyes of the young Frederick Douglass in Baltimore, Maryland, and an Indian woman named Ana Yagual in Guayaquil, Ecuador, she shows how differing attitudes towards race and class in North and South America affected local ways of doing business. This empirical research significantly clarifies the relationship between economic culture and racial identity and its long-term effects.

An eye-opening portrait of global capitalism spanning 150 years, told through the history of the Tata corporation.

Nearly a century old, the grand façade of Bombay House is hard to miss in the historic business district of Mumbai. This is the iconic global headquarters of the Tata Group, a multinational corporation that produces everything from salt to software. After getting their start in the cotton and opium trades, the Tatas, a Parsi family from Navsari, Gujarat, ascended to commanding heights in the Indian economy by the time of independence in 1947. Over the course of its 150-year history Tata spun textiles, forged steel, generated hydroelectric power, and took to the skies. It also faced challenges from restive workers fighting for their rights and political leaders who sought to curb its power.

In this sweeping history, Mircea Raianu tracks the fortunes of a family-run business that was born during the high noon of the British Empire and went on to capture the world’s attention with the headline-making acquisition of luxury car manufacturer Jaguar Land Rover. The growth of Tata was a complex process shaped by world historical forces: the eclipse of imperial free trade, the intertwined rise of nationalism and the developmental state, and finally the return of globalization and market liberalization. Today Tata is the leading light of one of the world’s major economies, selling steel, chemicals, food, financial services, and nearly everything else, while operating philanthropic institutions that channel expert knowledge in fields such as engineering and medicine.

Based on painstaking research in the company’s archive, Tata elucidates how a titan of industry was created and what lessons its story may hold for the future of global capitalism.

Although developing countries have a continuing concern with fiscal problems, studies in development finance take little account of the results of the intensive theoretical and empirical work on economic development done during the 1950s and 1960s, and development economists tend to view the financial side of the development process as secondary. In this study of the structure, role, and effects of taxation in the economic development of Colombia, Richard M. Bird bridges the gap between fiscal experts and development economists. He appraises all aspects of national and local tax systems and proposes that taxation be used as an instrument of development policy.

Documenting the evolution of economic development and fiscal policies in Taiwan over the last four decades, this work explores the effectiveness of specific tax and trade policies. The authors make a major revision to the previously accepted role played by the export processing zones and the protection of domestic producers from foreign competition. The extensive use of duty exemption systems enabled the government to create competition among the exporting firms, and the innovative design of economic policies and administrative systems helped the private sector generate savings, expand investments, and promote exports.

This work analyzes how unique fiscal policies and administrative practices were designed to foster the rapid growth and development of Taiwan during this period.

This book addresses the crucial question of how countries which have suffered losses in productivity levels and innovatory momentum over perhaps twenty-thirty years can rediscover their dynamism. Because the contributors have the immediate experience of tackling such complex problems and possess first-hand knowledge of a wide range of developmental patterns, each is well-placed to advise on the search for comprehensive solutions. The book not only focuses on the problems of innovation and technology transfer as they are reflected in the experience of the transition period to date, but also develops conceptual and strategic approaches to problems which will take a generation or more to resolve.

Both modern historians and early nineteenth-century observers have emphasized the wild and picturesque aspects of the Arkansas Territory, suggesting that the settlers here were more preoccupied with indolence or brawling than with economic progress. This study, first published in 1993, demonstrates that despite all its frontier roughness, Arkansas was characterized by a restless ambition that transformed the area from frontier and subsistence living to a highly productive agricultural society. This ambition – with its brutal Indian removal and expansion of slave labor – rendered Arkansas more similar to its southern neighbors than contemporary and modern portrayals would make it seem.

Born of thirteen years of field research, this interdisciplinary work explores the complex intersections of technology, class, gender, and ecology in the transnational milieu of Mexico's maquiladoras, foreign-owned assembly plants located along the U.S. border.

Devon Peña examines workplace and community struggles from the perspective of the women who work in the maquiladoras. He describes the workers' struggles for workplace democracy, social justice, and sustainable development. He also observes the circulation of struggle from the factory to the community, highlighting the efforts to establish worker-owned cooperatives in the border region during the 1970s and 1980s.

Female maquila workers are typically portrayed as passive, apolitical, and easily exploited. This book, however, presents an opposing view, investigating the "subaltern life of the shop floor"—the workers' informal methods of resistance to hazardous conditions, sexual harassment, and managerial tyranny. Using survey research, oral history, discourse analysis, and site ethnography, the author develops a cogent critique of labor-process theory, a critique grounded on his extensive study of actual workplace politics in the maquiladoras.

The Terror of the Machine is a trenchant analysis of the political, cultural, and environmental effects of maquila industrialization and an eloquent and persuasive call for alternatives in the direction of ecologically sustainable and culturally appropriate modes of development.

In this book Ray Fair expounds powerful techniques for estimating and analyzing macroeconometric models. He takes advantage of the remarkable decrease in computational costs that has occurred since the early 1980s by implementing such sophisticated techniques as stochastic simulation. Testing Macroeconometric Models also incorporates the assumption of rational expectations in the estimation, solution, and testing of the models. And it presents the latest versions of Fair's models of the economies of the United States and other countries.

After estimating and testing the U.S. model, Fair analyzes its properties, including those relevant to economic policymakers: the optimal monetary policy instrument, the effect of a government spending reduction on the government deficit, whether monetary policy is becoming less effective over time, and the sensitivity of policy effects to the assumption of rational expectations.

Ray Fair has conducted research on structural macroeconometric models for more than twenty years. With interest increasing in the area, this book will be an essential reference for macroeconomists.

While Americans largely support legal immigration, this support is conditional on the basis that immigrants do not make use of public assistance. Previous generations of immigrants, such as European-origin Industrial Era immigrants, came to U.S. impoverished, worked hard, and achieved the American Dream seemingly on their own. Mexican immigrants, the nation’s largest contemporary immigrant group, are often viewed with suspicion and are accused of being dependent on the government and refusing to integrate into American society the “right way.” In Texas-Style Exclusion, sociologists Jennifer Van Hook and James D. Bachmeier investigate such claims by comparing how American society has responded to different groups of immigrants over time.
 
Drawing on census and archival data on the quality of public schooling, Van Hook and Bachmeier find that Industrial Era European immigrants, who were primarily located in the northeastern U.S., benefited from programs and policies championed by the Americanization and Progressive movements. The Americanization movement sought to help acclimate new arrivals and transform “foreigners” into “Americans” by providing night school programs to promote civic integration and basic education, as well as other services. The Progressive movement, which aimed to improve education, work, and health conditions, sought to expand investment in public schools and make primary and secondary schooling mandatory, which kept working class children in school as opposed to entering the workforce. This access to education allowed for integration and astonishing intergenerational mobility.
 
Mexican immigrants in the 1920s and 1930s, the majority of whom resided in Texas, had radically different experiences from their European counterparts. Mexicans in Texas were subjected to racism, segregation, labor exploitation, and intentional school failures. This resulted in tremendous generational disadvantage that persists to the current day. Mexicans from this cohort who left Texas for states with strong Americanization and Progressive movements saw improved educational outcomes and integration. Additionally, Mexicans who immigrated after the Civil Rights Movement saw significantly greater inter-generational mobility and educational attainment than earlier cohorts due to the protections provided by civil rights laws. Van Hook and Bachmeier conclude that whether one is optimistic or pessimistic about the integration of Mexican Americans depends on when and where one looks.
 
Texas-Style Exclusion is an engaging examination of policies and practices that have been glossed over and forgotten that promoted mobility and integration for certain immigrant groups and impeded them for others.

In There Used to Be Order, Patience Mususa considers social change in the Copperbelt region of Zambia following the re-privatization of the large state mining conglomerate, the Zambia Consolidated Copper Mines (ZCCM), in the mid-1990s. As the copper mines were Zambia’s most important economic asset, the sale of ZCCM was considered a major loss to the country. More crucially, privatization marked the end of a way of life for mine employees and mining communities. Based on three years of ethnographic field research, this book examines life for those living in difficult economic circumstances, and considers the tension between the life they live and the nature of an “extractive area.” This account, unusual in its examination of middle-income decline in Africa, directs us to think of the Copperbelt not only as an extractive locale for copper whose activities are affected by the market, but also as a place where the residents’ engagement with the harsh reality of losing jobs and struggling to earn a living after the withdrawal of welfare is simultaneously changing both the material and social character of the place. Drawing on phenomenological approaches, the book develops a theoretical model of “trying,” which accounts for both Copperbelt residents’ aspirations and efforts.

This study of Japan's transformation by the economic crises of the 1930s focuses on efforts to overcome the effects of the Great Depression in rural areas, particularly the activities of local activists and policymakers in Tokyo. The author argues that these efforts changed the nation's thinking about the countryside, as well as Japan's conception of its economic and cultural relationship to the nation, in ways that have important implications for our understanding of both the war years and the postwar reconstruction. The reactions of inhabitants of rural areas to the depression shed new light on how average Japanese responded to the problems of modernization and how they re-created the countryside.

In Toward Camden, Mercy Romero writes about the relationships that make and sustain the largely African American and Puerto Rican Cramer Hill neighborhood in New Jersey where she grew up. She walks the city and writes outdoors to think about the collapse and transformation of property. She revisits lost and empty houses—her family's house, the Walt Whitman House, and the landscape of a vacant lot. Throughout, Romero engages with the aesthetics of fragment and ruin; her writing juts against idioms of redevelopment. She resists narratives of the city that are inextricable from crime and decline and witnesses everyday lives lived at the intersection of spatial and Puerto Rican diasporic memory. Toward Camden travels between what official reports say and what the city's vacant lots withhold.

Duke University Press Scholars of Color First Book Award recipient

This collection presents a representative sample of the writings of three of the six Jesuits who were slain in El Salvador on November 16, 1989. Although little known in the United States, these men were significant scholars who possessed an original conception of the university. They affirmed in difficult circumstances, the pursuit and teaching of truth as a collaborative, collegial process that transcends international boundaries.

How are markets in antiquity to be characterized? As comparable to modern free markets, with differences in scale not quality? As controlled and dominated by the State? Or as a third way, in completely different terms, as free but regulated? In Trade and Markets in Byzantium seventeen scholars address these and related issues by reexamining and reinterpreting the material and textual record from Byzantium and its hinterland for local, regional, and interregional trade. Special emphasis is placed on local trade, which has been understudied. To comprehend the recovery of long-distance trade from its eighth-century nadir to the economic prosperity enjoyed in the eleventh and twelfth centuries, the authors analyze the variety and complexity of the exchange networks, the role of money as a measure of exchange, and the character of local markets. This collection of groundbreaking research will prove to be indispensable for anyone interested in economic history in antiquity and the medieval period.

Africa's role in the global economy is evolving as a result of new corporate strategies, changing trade regulations, and innovative ways of overseeing the globalized production and distribution of goods both within Africa and internationally. African participants in the global economy, now faced with demands for higher levels of performance and quality, have generated occasional successes but also many failures. Peter Gibbon and Stefano Ponte describe the central processes that are integrating some African firms into the global economy while at the same time marginalizing others. They show the effects of these processes on African countries, and the farms and firms within them. The authors use an innovative combination of global value chain analysis—which links production, trade, and consumption—and convention theory, an approach to understanding the conduct of business. In doing so, Gibbon and Ponte present a timely overview of the economic challenges that lay ahead in Africa, and point to ways to best address them.

The states of the Gulf Cooperation Council (Saudi Arabia, Kuwait, Bahrain, United Arab Emirates, Oman and Qatar) form the largest destination for labour migration in the global South. In all of these states, however, the majority of the working population is composed of temporary, migrant workers with no citizenship rights.

The cheap and transitory labour power these workers provide has created the prodigious and extraordinary development boom across the region, and neighbouring countries are almost fully dependent on the labour markets of the Gulf to employ their working populations. For these reasons, the Gulf takes a central place in contemporary debates around migration and labour in the global economy.

This book attempts to bring together and explore these issues. The relationship between ‘citizen’ and ‘non-citizen’ holds immense significance for understanding the construction of class, gender, city and state in the Gulf, however too often these questions are occluded in too scholarly or overly-popular accounts of the region. Bringing together experts on the Gulf, Transit States confronts the precarious working conditions of migrants in a accessible, yet in-depth manner.

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.

A powerful case that the economic shocks of the 1970s hastened both the end of the Cold War and the rise of neoliberalism by forcing governments to impose austerity on their own people.

Why did the Cold War come to a peaceful end? And why did neoliberal economics sweep across the world in the late twentieth century? In this pathbreaking study, Fritz Bartel argues that the answer to these questions is one and the same. The Cold War began as a competition between capitalist and communist governments to expand their social contracts as they raced to deliver their people a better life. But the economic shocks of the 1970s made promises of better living untenable on both sides of the Iron Curtain. Energy and financial markets placed immense pressure on governments to discipline their social contracts. Rather than make promises, political leaders were forced to break them.

In a sweeping narrative, The Triumph of Broken Promises tells the story of how the pressure to break promises spurred the end of the Cold War. In the West, neoliberalism provided Western leaders like Ronald Reagan and Margaret Thatcher with the political and ideological tools to shut down industries, impose austerity, and favor the interests of capital over labor. But in Eastern Europe, revolutionaries like Lech Walesa in Poland resisted any attempt at imposing market discipline. Mikhail Gorbachev tried in vain to reform the Soviet system, but the necessary changes ultimately presented too great a challenge.

Faced with imposing economic discipline antithetical to communist ideals, Soviet-style governments found their legitimacy irreparably damaged. But in the West, politicians could promote austerity as an antidote to the excesses of ideological opponents, setting the stage for the rise of the neoliberal global economy.

The Mongol takeover in the 1270s changed the course of Chinese history. The Confucian empire—a millennium and a half in the making—was suddenly thrust under foreign occupation. What China had been before its reunification as the Yuan dynasty in 1279 was no longer what it would be in the future. Four centuries later, another wave of steppe invaders would replace the Ming dynasty with yet another foreign occupation. The Troubled Empire explores what happened to China between these two dramatic invasions.If anything defined the complex dynamics of this period, it was changes in the weather. Asia, like Europe, experienced a Little Ice Age, and as temperatures fell in the thirteenth century, Kublai Khan moved south into China. His Yuan dynasty collapsed in less than a century, but Mongol values lived on in Ming institutions. A second blast of cold in the 1630s, combined with drought, was more than the dynasty could stand, and the Ming fell to Manchu invaders.Against this background—the first coherent ecological history of China in this period—Timothy Brook explores the growth of autocracy, social complexity, and commercialization, paying special attention to China’s incorporation into the larger South China Sea economy. These changes not only shaped what China would become but contributed to the formation of the early modern world.

This timely book traces the development of banking and paper money in republican Tianjin in order to explore the creation of social trust in financial institutions. Framing the study around Bian Baimei, a conscientious branch manager of the Bank of China, Brett Sheehan analyzes the actions of bankers, officials, and local elites as they tried to overcome political and financial crises and instill trust in the banking system.

After early failures in promoting trust, government authority as a regulator of the financial system gradually increased, peaking in 1935, when the state unified the money supply for the first time in several hundred years. Concurrently, when local elites proved unable to develop successful strategies to make people trust the system, their influence declined. The need for trust in increasingly complex financial arrangements redefined state-society relations, simultaneously enhancing state power and creating new constraints on the actions of both elites and governments.

Trust in Troubled Times is a valuable new perspective on the economic, social, and political history of modern China.

Turkey Reframed documents the first decade of the 2000s, a period of radical change in Turkish society and politics, which has been marked by the major economic crisis of 2001 and the coming to power of ex-Islamist cadres organised under the Justice and Development Party (AKP).

The contributors analyse this period of radical change, with its continuities and breaks, and its main actor, the AKP, in relation to the creation of a neoliberal hegemony in post-1980 Turkey. They look at the conflictual, turbulent and painful history of neoliberal hegemony and the contested stabilisation strategy of the AKP government.

Turkey Reframed is a cutting-edge guide for students, scholars and other interested readers who want to understand this period in Turkey’s recent history and its social tensions.

Winner of the American Association for Italian Studies Book Prize

A new history explores how one of Renaissance Italy’s leading cities maintained its influence in an era of global exploration, trade, and empire.

The Grand Duchy of Tuscany was not an imperial power, but it did harbor global ambitions. After abortive attempts at overseas colonization and direct commercial expansion, as Brian Brege shows, Tuscany followed a different path, one that allowed it to participate in Europe’s new age of empire without establishing an empire of its own. The first history of its kind, Tuscany in the Age of Empire offers a fresh appraisal of one of the foremost cities of the Italian Renaissance, as it sought knowledge, fortune, and power throughout Asia, the Americas, and beyond.

How did Tuscany, which could not compete directly with the growing empires of other European states, establish a global presence? First, Brege shows, Tuscany partnered with larger European powers. The duchy sought to obtain trade rights within their empires and even manage portions of other states’ overseas territories. Second, Tuscans invested in cultural, intellectual, and commercial institutions at home, which attracted the knowledge and wealth generated by Europe’s imperial expansions. Finally, Tuscans built effective coalitions with other regional powers in the Mediterranean and the Islamic world, which secured the duchy’s access to global products and empowered the Tuscan monarchy in foreign affairs.

These strategies allowed Tuscany to punch well above its weight in a world where power was equated with the sort of imperial possessions it lacked. By finding areas of common interest with stronger neighbors and forming alliances with other marginal polities, a small state was able to protect its own security while carving out a space as a diplomatic and intellectual hub in a globalizing Europe.

The surprising story of how declining marriage rates are driving many of the country’s biggest economic problems.

In The Two-Parent Privilege, Melissa S. Kearney makes a provocative, data-driven case for marriage by showing how the institution’s decline has led to a host of economic woes—problems that have fractured American society and rendered vulnerable populations even more vulnerable. Eschewing the religious and values-based arguments that have long dominated this conversation, Kearney shows how the greatest impacts of marriage are, in fact, economic: when two adults marry, their economic and household lives improve, offering a host of benefits not only for the married adults but for their children. Studies show that these effects are today starker, and more unevenly distributed, than ever before. Kearney examines the underlying causes of the marriage decline in the US and draws lessons for how the  US can reverse this trend to ensure the country’s future prosperity.

Based on more than a decade of economic research, including her original work, Kearney shows that a household that includes two married parents—holding steady among upper-class adults, increasingly rare among most everyone else—functions as an economic vehicle that advantages some children over others. As these trends of marriage and class continue, the compounding effects on inequality and opportunity grow increasingly dire. Their effects include not just children’s behavioral and educational outcomes, but a surprisingly devastating effect on adult men, whose role in the workforce and society appears intractably damaged by the emerging economics of America’s new social norms.

For many, the two-parent home may be an old-fashioned symbol of the idyllic American dream. But The Two-Parent Privilege makes it clear that marriage, for all its challenges and faults, may be our best path to a more equitable future. By confronting the critical role that family makeup plays in shaping children’s lives and futures, Kearney offers a critical assessment of what a decline in marriage means for an economy and a society—and what we must do to change course.