front cover of The Economic Consequences of Demographic Change in East Asia
The Economic Consequences of Demographic Change in East Asia
Edited by Takatoshi Ito and Andrew K. Rose
University of Chicago Press, 2010

Recent studies show that almost all industrial countries have experienced dramatic decreases in both fertility and mortality rates. This situation has led to aging societies with economies that suffer from both a decline in the working population and a rise in fiscal deficits linked to increased government spending. East Asia exemplifies these trends, and this volume offers an in-depth look at how long-term demographic transitions have taken shape there and how they have affected the economy in the region.

The Economic Consequences of Demographic Change in East Asia
assembles a group of experts to explore such topics as comparative demographic change, population aging, the rising cost of health care, and specific policy concerns in individual countries. The volume provides an overview of economic growth in East Asia as well as more specific studies on Japan, Korea, China, and Hong Kong. Offering important insights into the causes and consequences of this transition, this book will benefit students, researchers, and policy makers focused on East Asia as well as anyone concerned with similar trends elsewhere in the world.

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The Economic Development of Manchuria
The Rise of a Frontier Economy
Kang Chao
University of Michigan Press, 1983
The economic development of Manchuria holds special fascination, since within the compass of a limited area and a self-contained time span of about one hundred years—between 1860 and 1960—we witness three different types of development patterns, based on three alternative sources of economic growth. The first and longest period, extending roughly from 1860 to 1930, was based on the development of an open frontier, the settlement of a new region. Application of the staple theory of growth to Manchurian conditions can help to illuminate the character of the growth process during this first period. In this connection the Manchurian development case invites comparison with growth processes in other newly settled regions, for example, the US, Canada, and Australia. [1]
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front cover of Economic Exchange and Social Interaction in Southeast Asia
Economic Exchange and Social Interaction in Southeast Asia
Perspectives from Prehistory, History, and Ethnography
Karl L. Hutterer, Editor
University of Michigan Press, 1978
Economic behavior is governed by two major sets of boundary conditions: environmental and technological factors on the one hand, and conditions of social organization on the other hand. Indeed, social scientists are often particularly interested in the framework of exchange relationships: exchange of goods, services, personnel, and information. Economic exchanges lend concrete manifestations to social relations that themselves may transcend the economic realm and that otherwise are often difficult to trace.
Yet in social science research in Southeast Asia, the area of economic studies has lagged behind, despite the great study potential represented by the tremendous diversity of its physical and human environment. Economic Exchange and Social Interaction in Southeast Asia attempts to take advantage of that opportunity. As a number of the contributions to this volume show, many if not most of the systems organized on very different levels of integration interact with each other. Taken as a whole, they provide evidence of the incredible diversity of economic and social systems that may be investigated in Southeast Asia.
 
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Economic Foundations of International Law
Eric A. Posner and Alan O. Sykes
Harvard University Press, 2012

The ever-increasing exchange of goods and ideas among nations, as well as cross-border pollution, global warming, and international crime, pose urgent questions for international law. Here, two respected scholars provide an intellectual framework for assessing these pressing legal problems from a rational choice perspective.

The approach assumes that states are rational, forward-looking agents which use international law to address the actions of other states that may have consequences for their own citizens, and to obtain the benefits of international cooperation. It further assumes that in the absence of a central enforcement agency—that is, a world government—international law must be self-enforcing. States must believe that if they violate international agreements, other states will retaliate.

Consequently, Eric A. Posner and Alan O. Sykes devote considerable attention to the challenges of enforcing international law, which begin with the difficulties of determining what it is. In the absence of an international constitution, the sources for international law are vague. Lawyers must rely on statements contained in all manner of official documents and on simple observation of states’ behavior. This looseness leads international institutions such as the United Nations to deliver conflicting interpretations of the law’s most basic principles. The authors describe the conditions under which international law succeeds or fails, across a wide range of issues, including war crimes, human rights, international criminal law, principles of state responsibility, law of the sea, international trade regulation, and international investment law.

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front cover of Economic Interdependence and International Conflict
Economic Interdependence and International Conflict
New Perspectives on an Enduring Debate
Edward D. Mansfield and Brian M. Pollins, Editors
University of Michigan Press, 2003
The claim that open trade promotes peace has sparked heated debate among scholars and policymakers for centuries. Until recently, however, this claim remained untested and largely unexplored. Economic Interdependence and International Conflict clarifies the state of current knowledge about the effects of foreign commerce on political-military relations and identifies the avenues of new research needed to improve our understanding of this relationship. The contributions to this volume offer crucial insights into the political economy of national security, the causes of war, and the politics of global economic relations.
Edward D. Mansfield is Hum Rosen Professor of Political Science and Co-Director of the Christopher H. Browne Center for International Politics at the University of Pennsylvania.
Brian M. Pollins is Associate Professor of Political Science at Ohio State University and a Research Fellow at the Mershon Center.
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front cover of Economic Policy, Exchange Rates, and the International System
Economic Policy, Exchange Rates, and the International System
W. Max Corden
University of Chicago Press, 1994
An ambitious successor to W. Max Corden's highly acclaimed Inflation,
Exchange Rates, and the World Economy, this book addresses topics in
international macroeconomics that have come to the forefront of economic
policy debates in recent years. Covering exchange rate policy, the
European Monetary System, protection and competition, and the
international "non-system" since the collapse of Bretton Woods, Corden
provides a probing analysis of significant economic trends associated
with the increasing integration of the world capital market.

Beginning with essays on exchange rate policy, the current account, and
external effects of fiscal policy, Corden lays out the foundations of
balance-of-payments theory in relation to wage rates, income
distribution, and inflation. Chapters on the European Monetary System
focus on monetary integration and look skeptically at European proposals
to move toward monetary union. Other topical essays discuss the
"competitiveness" problem and the relation between protection and
macroeconomic policy.

Corden summarizes and clarifies a vast range of work on the coordination
of macroeconomic policies and critically reviews various proposals for
reforming the international monetary system.
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front cover of Economic Reforms in Chile
Economic Reforms in Chile
From Dictatorship to Democracy
Ricardo Ffrench-Davis
University of Michigan Press, 2002
Articulate and provocative, Richardo Ffrench-Davis offers the most comprehensive and timely assessment available of Chilean economic reform, from the military dictatorship of Pinochet in the 1970s up to the "reforms of reforms" made by the democratic governments in the 1990s.
Written in accessible and readable prose, Economic Reforms in Chile begins with an overview of the Chilean economy during the last fifty years. This historical time frame is divided into three periods of economic reform. The first period covers the Pinochet regime, during which the more orthodox neoliberalism was implemented. The second period includes the Pinochet dictatorship, during which economic policy shifted toward pragmatism, particularly in the areas of trade and finance; it also includes the crisis of 1982 and its effects. The third period begins in 1990 with the return to democratic elections and the significant reforms to prior reforms. This section also examines the search for growth-with-equity, success in investment and growth performance, macroeconomic sustainability, and the reduction of poverty. Ffrench-Davis addresses several "paradoxes," or results that defy the expectations of policymakers, in order to analyze the significance of comprehensive macroeconomic equilibrium and its implications for sustainable stability, growth, and equity.
Economic Reforms in Chile will be of interest to economists, political scientists, and policymakers involved with the economies of emerging and developing countries.
Ricardo Ffrench-Davis is Principal Regional Advisor, ECLAC, Santiago, and Professor of Economics, University of Chile.
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front cover of The Economic Structure of International Law
The Economic Structure of International Law
Joel P. Trachtman
Harvard University Press, 2008

The Economic Structure of International Law presents a rationalist analysis of the structure of international law. It employs social scientific techniques to develop an understanding of the role of law in international society. In doing so, it delves into the question of compliance and reveals the real-world circumstances under which states might adhere to or violate international law.

Joel P. Trachtman explores such topics as treaty-making and jurisdiction; the rise, stability, and efficiency of custom; the establishment of international organizations; and the structure and role of international legal dispute settlement. At the core of the book lies the question of the allocation of legal power to states. The Economic Structure of International Law presents policymakers and scholars with an over-arching analytical model of international law, one that demonstrates the potential of international law, but also explains how policymakers should choose among different international legal structures.

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The Economics of Crime
Lessons For and From Latin America
Edited by Rafael Di Tella, Sebastian Edwards, and Ernesto Schargrodsky
University of Chicago Press, 2010
Crime rates in Latin America are among the highest in the world, creating climates of fear and lawlessness in several countries. Despite this situation, there has been a lack of systematic effort to study crime in the region or the effectiveness of policies designed to tackle it. The Economics of Crime is a powerful corrective to this academic blind spot and makes an important contribution to the current debate on causes and solutions by applying lessons learned from recent developments in the economics of crime.
The Economics of Crime addresses a variety of topics, including the impact of kidnappings on investment, mandatory arrest laws, education in prisons, and the relationship between poverty and crime. Utilizining research from within and without Latin America, this book illustrates the broad range of approaches that have been efficacious in studying crime in both developing and developed nations. The Economics of Crime is a vital text for researchers, policymakers, and students of both crime and of Latin American economic policy.
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front cover of The Economics of Food Price Volatility
The Economics of Food Price Volatility
Edited by Jean-Paul Chavas, David Hummels, and Brian D. Wright
University of Chicago Press, 2014
There has been an increase in food price instability in recent years, with varied consequences for farmers, market participants, and consumers. Before policy makers can design schemes to reduce food price uncertainty or ameliorate its effects, they must first understand the factors that have contributed to recent price instability. Does it arise primarily from technological or weather-related supply shocks, or from changes in demand like those induced by the growing use of biofuel? Does financial speculation affect food price volatility?

The researchers who contributed to The Economics of Food Price Volatility address these and other questions. They examine the forces driving both recent and historical patterns in food price volatility, as well as the effects of various public policies in affecting this volatility. The chapters include studies of the links between food and energy markets, the impact of biofuel policy on the level and variability of food prices, and the effects of weather-related disruptions in supply. The findings shed light on the way price volatility affects the welfare of farmers, traders, and consumers.
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front cover of Education Policy in Developing Countries
Education Policy in Developing Countries
Edited by Paul Glewwe
University of Chicago Press, 2013
Almost any economist will agree that education plays a key role in determining a country’s economic growth and standard of living, but what we know about education policy in developing countries is remarkably incomplete and scattered over decades and across publications. Education Policy in Developing Countries rights this wrong, taking stock of twenty years of research to assess what we actually know—and what we still need to learn—about effective education policy in the places that need it the most.

Surveying many aspects of education—from administrative structures to the availability of health care to parent and student incentives—the contributors synthesize an impressive diversity of data, paying special attention to the gross imbalances in educational achievement that still exist between developed and developing countries. They draw out clear implications for governmental policy at a variety of levels, conscious of economic realities such as budget constraints, and point to crucial areas where future research is needed. Offering a wealth of insights into one of the best investments a nation can make, Education Policy in Developing Countries is an essential contribution to this most urgent field. 
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front cover of The Effects of Taxation on Capital Accumulation
The Effects of Taxation on Capital Accumulation
Edited by Martin Feldstein
University of Chicago Press, 1987
Research on capital formation has long been a major focus of studies sponsored by the National Bureau of Economic Research because of the crucial role of capital accumulation in the process of economic growth. The papers in this volume examine the influence of taxes on capital formation, with specific focus on the determinants of saving and the process of investment in plant and equipment.
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front cover of The Effects of Taxation on Multinational Corporations
The Effects of Taxation on Multinational Corporations
Edited by Martin Feldstein, James R. Hines Jr., and R. Glenn Hubbard
University of Chicago Press, 1995
The tax rules of the United States and other countries have intended and unintended effects on the operations of multinational corporations, influencing everything from the formation and allocation of capital to competitive strategies. The growing importance of international business has led economists to reconsider whether current systems of taxing international income are viable in a world of significant capital market integration and global commercial competition.

In an attempt to quantify the effect of tax policy on international investment choices, this volume presents in-depth analyses of the interaction of international tax rules and the investment decisions of multinational enterprises. Ten papers assess the role played by multinational firms and their investment in the U.S. economy and the design of international tax rules for multinational investment; analyze channels through which international tax rules affect the costs of international business activities; and examine ways in which international tax rules affect financing decisions of multinational firms. As a group, the papers demonstrate that international tax rules have significant effects on firms' investment and other financing decisions.
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Egalitarian Capitalism
Jobs, Incomes, and Growth in Affluent Countries
Lane Kenworthy
Russell Sage Foundation, 2004
Declining participation in labor unions, the movement toward a service-based economy, and increased globalization have cast doubt on the extent to which welfare states can continue to stem inequality in market economies over the long-term. Does the new economy render existing models of social assistance obsolete? Do traditional welfare states hamper economic and employment growth, thereby worsening the plight of the poor? Lane Kenworthy offers a rigorous empirical analysis of these questions in Egalitarian Capitalism. The book examines sixteen industrialized countries in North America, Western Europe, and Scandinavia—each with different approaches to assisting the poor—to see how successful each has been in developing its economy and curbing inequality over the past twenty years. Kenworthy finds that inequality grew in almost all of these countries, from the most progressive to the least. Using simple but powerful statistical tests, he assesses the theory that inequality is necessary to improve economic growth and reduce poverty. He finds no necessary trade-off between equality and economic growth but discovers some evidence that high minimum wages dampen employment growth in private sector services. Kenworthy suggests that without greater private sector employment, public supports may be unable to adequately sustain living standards for the poor. An equitable growth strategy necessitates a balance of policy options: Creating jobs is aided by loose employment regulation, low payroll taxes, and, in some cases, lower real wages for workers at the bottom of the income spectrum. However, high employment is also facilitated by a system that "makes work pay" with earnings subsidies, workplace flexibilities, financial support for those who are between jobs or unable to work, and universal health and child care coverage. Kenworthy suggests that these strategies, though generally presented as mutually exclusive, could be effectively combined to create a robust, fair economy. Egalitarian Capitalism addresses fundamental questions of national policy with rigorous scholarship and a clarity that makes it accessible to any reader interested in the alleged trade-off between social equity and market efficiency. The book analyzes the viability of traditional welfare regimes and offers sustainable options that can promote egalitarian societies without hampering economic progress. A Volume in the American Sociological Association's Rose Series in Sociology
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front cover of Electoral Dynamics in the Philippines
Electoral Dynamics in the Philippines
Money Politics, Patronage and Clientelism at the Grassroots
Edited by Allen Hicken, Edward Aspinall, and Meredith Weiss
National University of Singapore Press, 2019
The role of clientism, political machines, and money in grassroots electioneering in the Philippines has been much analyzed by those who study the subject, but never as extensively as Allen Hicken, Edward Aspinall, and Meredith Weiss do in Electoral Dynamics in the Philippines. Combining in-depth ethnographic fieldwork in localities across the Philippines during the 2016 elections with polling data and national comparative data, this study sheds light on the organization of elections and electioneering across the Philippines. How do candidates choose to appeal to voters, and how do they get out the vote? How do voters respond to different kinds of appeals?  How important are patronage and clientism? What are the networks within which patronage is delivered? What do the political machines look like in elections influenced by social media? The book identifies commonalities and differences across the Philippines while speaking to current debates in political science about elections in developing democracies, the structure and organization of clientelism, and the role of money in elections.
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Embedded Politics
Industrial Networks and Institutional Change in Postcommunism
Gerald A. McDermott
University of Michigan Press, 2003
Embedded Politics offers a unique framework for analyzing the impact of past industrial networks on the way postcommunist societies build new institutions to govern the restructuring of their economies. Drawing on a detailed analysis of communist Czechoslovakia and contemporary Czech industries and banks, Gerald A. McDermott argues that restructuring is best advanced through the creation of deliberative or participatory forms of governance that encourages public and private actors to share information and take risks. Further, he contends that institutional and organizational changes are intertwined and that experimental processes are shaped by how governments delegate power to local public and private actors and monitor them.
Using comparative case analysis of several manufacturing sectors, Embedded Politics accounts for change and continuity in the formation of new economic governance institutions in the Czech Republic. It analytically links the macropolitics of state policy with the micropolitics of industrial restructuring. Thus the book advances an alternative approach for the comparative study of institutional change and industrial adjustment.
As a historical and contemporary analysis of Czech firms and public institutions, this book will command the attention of students of postcommunist reforms, privatization, and political-economic transitions in general. But also given its interdisciplinary approach and detailed empirical analysis of policy-making and firm behavior, Embedded Politics is a must read for scholars of politics, economics, sociology, political economy, business organization, and public policy.
Gerald A. McDermott is Assistant Professor of Management in The Wharton School of Management at The University of Pennsylvania. His research applies recent advances in comparative political economy and industrial organization, including theories of social networks, historical institutionalism, and incomplete markets to analyze issues of economic governance, firm creation, and industrial restructuring in advanced and newly industrialized countries. As evidenced by Embedded Politics, his current focus is on problems of institutional and organizational learning in the formation of meso-level governance institutions in emerging market and postsocialist economies.
McDermott also works as Senior Research Fellow at the IAE Escuela de Direccion y Negocios at Universidad Austral in Buenos Aires, and he has served as Project Coordinator at the Inter-American Development Bank. He has consulted for the Finance, Private Sector, and Infrastructure Division at the World Bank and advised the Deputy Foreign Minister of the Czech Republic. In addition he has published many papers and book chapters on entrepreneurship, privatization, institutions, and networks in Central Europe and Latin America.
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The Emergence of China
Opportunities and Challenges for Latin America and the Caribbean
Robert Devlin
Harvard University Press

China is emerging as a truly global economic and political power. China’s impact on Latin America and the Caribbean region is mixed, however—fostering a trade market for some countries, but creating competition for others.

This pioneering volume, produced by the Inter-American Development Bank’s Integration and Regional Programs Department and Research Department, provides a comprehensive overview of China’s economic policy and performance over recent decades and contrasts them with the Latin American experience. What are the underlying factors behind China’s competitive edge? What are the strategic implications of China’s rise for growth and development in Latin America? These questions open new avenues for thinking about revitalizing development strategies in Latin America in the face of China’s successful development and reduction of poverty. This insightful report is a must-read for analysts, policymakers, and development practitioners, not only in Latin America and the Caribbean, but wherever China’s presence is being felt.

The Emergence of China is a copublication of the David Rockefeller Center for Latin American Studies and the Inter-American Development Bank.

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front cover of Empirical Studies of Commercial Policy
Empirical Studies of Commercial Policy
Edited by Robert E. Baldwin
University of Chicago Press, 1991
The need for careful research on trade policy is particularly acute, and this volume empirically addresses these and many other important issues. The contributors offer studies which integrate the institutional details of current trade policy with creative economic analyses.

Marked by a shift from a traditional reliance on simulation models, these papers take their inspiration from recent changes in the assumptions traditionally underlying research in international trade theory. No longer are government policies viewed as being somehow "given" to the researcher; in part 1, "Analyses with a Political Economy Perspective," four papers treat such policies as endogenous and explicable in terms of political economy. Neither are product and factor markets seen as perfectly competitive; instead, the three papers in part 2, "Trade Policy Effects under Imperfectly Competitive Market Conditions," assume that firms consider the actions of other companies when formulating their decisions. In part 3, "A New Measure of Trade Restrictiveness and Estimates of Trade Policy Effects with CGE Models," the first essay explores the quantitative restrictions on cheese to develop and implement a new model of restrictive trade. Two final contributions address problems for which simulation modeling is especially useful. The first considers the effectiveness of an import surcharge in reducing the U.S. trade deficit and the second treats the welfare effects of liberalization in South Korea where increasing returns to scale are significant

These innovative studies focus on economic behavior that will provide valuable insights for policymakers, academic economists, and students.
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front cover of Empirical Studies of Strategic Trade Policy
Empirical Studies of Strategic Trade Policy
Edited by Paul Krugman and Alasdair Smith
University of Chicago Press, 1994
Since the 1980s, economists have used the concept of strategic trade policy, which takes account of imperfect competition and increasing returns in the international marketplace, to criticize conventional views about free trade. According to the new view, a government can take strategic steps to raise its income at another country's expense—by subsidizing exports or erecting trade barriers, protecting certain firms from foreign competition, or promoting the development of new industries. This volume looks at the experience of specific industries in order to determine the effectiveness of strategic trade policy in promoting economic growth.

The nine papers cover the U.S. and European auto industries, the U.S. steel industry, the commercial aircraft industry, airline deregulation in Scandinavia, and labor and industrial policy in Korea and Taiwan. The authors refine the basic techniques for measuring policy effectiveness, extend them to encompass industry dynamics, and test the implications of new trade models.

International economists and trade experts in government and business will find important new insights into the role of strategic trade policy in international competitiveness.
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front cover of Empowering Exporters
Empowering Exporters
Reciprocity, Delegation, and Collective Action in American Trade Policy
Michael J. Gilligan
University of Michigan Press, 1997
Until the New Deal, most groups seeking protection from imports were successful in obtaining relief from Congress. In general the cost of paying the tariffs for consumers was less than the cost of mounting collective action to stop the tariffs. In 1934, with the passage of the Reciprocal Trade Agreements Act, all of this changed. The six decades that followed have produced a remarkable liberalization of trade policy in the United States. This occurred despite the fact that domestic politics, according to some of the best developed theories, should have prevented this liberalization.
Michael Gilligan argues that liberalization has succeeded because it has been reciprocal with liberalization in other countries. Our trade barriers have been reduced as an explicit quid pro quo for reduction of trade barriers in other countries. Reciprocity, Gilligan argues, gives exporters the incentive to support free trade policies because it gives them a clear gain from free trade and thus enables the exporters to overcome collective action problems. The lobbying by exporters, balancing the interests of groups seeking protection, changes the preferences of political leaders in favor of more liberalization.
Gilligan tests his theory in a detailed exploration of the history of American trade policy and in a quantitative analysis showing increases in the demand for liberalization as the result of reciprocity in trade legislation from 1890 to the present. This book should appeal to political scientists, economists, and those who want to understand the political underpinnings of American trade policy.
Michael J. Gilligan is Assistant Professor of Politics, New York University.
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front cover of The End of Cheap Labour?
The End of Cheap Labour?
Industrial Transformation and "Social Upgrading" in China
Florian Butollo
Campus Verlag, 2014
The Chinese government and international observers argue that China’s economy must overcome its excessive dependence on exports if substantial growth in domestic consumption is to be achieved and sustained in the future. But this shift can only occur if China also lessens its reliance on cheap migrant labor and encourages investment in its own labor force.

In The End of Cheap Labour?, Florian Butollo investigates the recent transformation of the garment and LED lighting industries in the Pearl River Delta, China’s largest industrial hub. He reveals that industrial upgrading rarely supports improvements in working conditions and the basic employment pattern; and this failure of “social upgrading” threatens to undermine the desired rebalancing of the Chinese economy. Butollo demonstrates that the implementation of collective labor rights remains an important obstacle in the future of the Chinese growth model.
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front cover of Enraged Citizens, European Peace and Democratic Deficits
Enraged Citizens, European Peace and Democratic Deficits
Or Why the Democracy Given to Us Must Become One We Fight For
Robert Menasse
Seagull Books, 2016
In 2010, Robert Menasse journeyed to Brussels to begin work on a novel centered on the European Union. His extended stay resulted in a completely different book—Enraged Citizens, European Peace and Democratic Deficits, a work of nonfiction examining the history of the European project and the evolving politics of nation-states.

Spanning from the beginning of the transnational idea with 1951’s Montanunion—the European Coal and Steel Community—to the current financial crisis, Menasse focuses on the institutional structures and forces both advancing and obstructing the European project. Given the internal tensions among the European Commission, Parliament, and Council, Menasse argues that current problems that are frequently misunderstood as resulting from the financial crisis are, in fact, political. Along the way, he makes the bold claim that either the Europe of nation-states will perish—or the project of transcending the nation-states will.

A provocative book, Enraged Citizens, European Peace and Democratic Deficits deftly analyzes the financial and bureaucratic structures of the European Union and sheds much-needed light on the state of the debt crisis. Menasse brings his considerable literary expertise to the unraveling of the real state of the Union, along the way weaving an intriguing tale of one continent’s efforts to become a truly postnational democracy.
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Europe and the Euro
Edited by Alberto Alesina and Francesco Giavazzi
University of Chicago Press, 2010
It is rare for countries to give up their currencies and thus their ability to influence such critical aspects of their economies as interest and exchange rates. Yet ten years ago a number of European countries did exactly that when they adopted the euro. Despite some dissent, there were a number of arguments in favor of this policy change: it would facilitate exchange of goods, money, and people by decreasing costs; it would increase trade; and it would enhance efficiency and competitiveness at the international level.
A decade is an ideal time frame over which to evaluate the success of the euro and whether it has lived up to expectations. To that aim, Europe and the Euro looks at a number of important issues, including the effects of the euro on reform of goods and labor markets; its influence on business cycles and trade among members; and whether the single currency has induced convergence or divergence in the economic performance of member countries. While adoption of the euro may not have met the expectations of its most optimistic proponents, the benefits have been many, and there is reason to believe that the euro is robust enough to survive recent economic shocks. This volume is an essential reference on the first ten years of the euro and the workings of a monetary union.
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The Evolution of Agrarian Institutions
A Comparative Study of Post-Socialist Hungary and Bulgaria
Mieke Meurs
University of Michigan Press, 2001
The Evolution of Agrarian Institutions studies the unexpectedly slow and uneven growth of private agriculture in postsocialist East-Central Europe. Comparing developments in Hungary and Bulgaria, Mieke Meurs offers an explanation for this slow growth and examines its implications for efficiency and income distribution in postsocialist agriculture.
With the collapse of the state socialist regimes in East-Central Europe, it was widely expected that collectivized agriculture would quickly be remade in the glowing image of China--a patchwork of small, privately run farms yielding rapid increases in output and incomes. However, the European experience has been quite different; while socialist collective farms have disappeared, collective forms of organization have persisted, and private farming has been slow to emerge. Meurs argues that an understanding of the causes of the slow emergence of private farming is essential to effective policy intervention in agriculture. This book contributes to such an understanding through analyzing variations in farm organization and rural market development and comparing agricultural restructuring in Hungary and Bulgaria.
The Evolution of Agrarian Institutions is unique in its combination of original survey data, published data on land use, and published historical data. It also tests two institutionalist explanations for the pace and direction of change in agricultural organization. This book will be of interest to economists, political scientists, sociologists, scholars working in the area of rural development in emerging countries, and anyone with an interest in transitional economics.
Mieke Meurs is Associate Professor of Economics, American University.
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front cover of Exchange Rate Theory and Practice
Exchange Rate Theory and Practice
Edited by John F. Bilson and Richard C. Marston
University of Chicago Press, 1984
This volume grew out of a National Bureau of Economic Research conference on exchange rates held in Bellagio, Italy, in 1982. In it, the world's most respected international monetary economists discuss three significant new views on the economics of exchange rates - Rudiger Dornbusch's overshooting model, Jacob Frenkel's and Michael Mussa's asset market variants, and Pentti Kouri's current account/portfolio approach. Their papers test these views with evidence from empirical studies and analyze a number of exchange rate policies in use today, including those of the European Monetary System.
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front cover of Exchange Rates and International Macroeconomics
Exchange Rates and International Macroeconomics
Edited by Jacob A. Frenkel
University of Chicago Press, 1983
This volume, presenting some of the finest new research on exchange rates and international macroeconomics, contains  papers and critical commentary by thirty-two leading economists. Taken together, these papers provide sound evidence about the effects of real and monetary factors on exchange rates  and extend the analyses of exchange rates and international macroeconomics by outlining the kinds of behavior and institutional arrangements that can be incorporated into such analyses.

Both empirical and theoretical research are represented, and the contributors analyze such issues as the performance of various models of exchange rate determination, the role of risk and speculation in the forward market for foreign exchange, the rational expectations hypothesis in such markets,  the performance of monetary policy in ten industrial countries, the role that labor market contracts play in exchange rate policies, the effect of  he oil shocks on the evolution of exchange rates, and the output cost of bringing down inflation in the open economy.
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The Expert Witness in Islamic Courts
Medicine and Crafts in the Service of Law
Ron Shaham
University of Chicago Press, 2010
Islam’s tense relationship with modernity is one of the most crucial issues of our time. Within Islamic legal systems, with their traditional preference for eyewitness testimony, this struggle has played a significant role in attitudes toward expert witnesses. Utilizing a uniquely comparative approach, Ron Shaham here examines the evolution of the role of such witnesses in a number of Arab countries from the premodern period to the present.

Shaham begins with a history of expert testimony in medieval Islamic culture, analyzing the different roles played by male experts, especially physicians and architects, and females, particularly midwives. From there, he focuses on the case of Egypt, tracing the country’s reform of its traditional legal system along European lines beginning in the late nineteenth century. Returning to a broader perspective, Shaham draws on a variety of legal and historical sources to place the phenomenon of expert testimony in cultural context. A truly comprehensive resource, The Expert Witness in Islamic Courts will be sought out by a broad spectrum of scholars working in history, religion, gender studies, and law.
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Exploiting the Wilderness
An Analysis of Wildlife Crime
Greg L. Warchol
Temple University Press, 2017

Illegally harvested ivory and endangered plants, mammals, reptiles, birds, and even insects are easily found for sale throughout East and Southern Africa. And this is just one part of the multi-billion-dollar illegal global trade in wildlife. 

Wildlife is an important and even vital asset for both intrinsic and economic reasons. Yet it is illegally exploited on a massive scale to the point where some species now risk extinction. Exploiting the Wilderness provides a concise overview of this shameful business, describing some of the main species being exploited and examining select wildlife whose survival is imperiled due to heavy pressure from poachers to meet consumer demand. 

Greg Warchol draws on his firsthand experience and research in Africa to examine the structure and operation of the illegal trade in wildlife. He identifies the participants as well as their motivations and operations, and explains the behavior of poachers, traffickers, and consumers of illegally obtained goods. He concludes with a description of legislative and law enforcement efforts to control and prevent wildlife exploitation along with a number of contemporary conservation initiatives designed to improve the ability of rangers to protect wildlife.

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front cover of Exporting Freedom
Exporting Freedom
Religious Liberty and American Power
Anna Su
Harvard University Press, 2016

Religious freedom is widely recognized today as a basic human right, guaranteed by nearly all national constitutions. Exporting Freedom charts the rise of religious freedom as an ideal firmly enshrined in international law and shows how America’s promotion of the cause of individuals worldwide to freely practice their faith advanced its ascent as a global power.

Anna Su traces America’s exportation of religious freedom in various laws and policies enacted over the course of the twentieth century, in diverse locations and under a variety of historical circumstances. Influenced by growing religious tolerance at home and inspired by a belief in the United States’ obligation to protect the persecuted beyond its borders, American officials drafted constitutions as part of military occupations—in the Philippines after the Spanish-American War, in Japan following World War II, and in Iraq after 2003. They also spearheaded efforts to reform the international legal order by pursuing Wilsonian principles in the League of Nations, drafting the United Nations Charter, and signing the Helsinki Accords during the Cold War. The fruits of these labors are evident in the religious freedom provisions in international legal instruments, regional human rights conventions, and national constitutions.

In examining the evolution of religious freedom from an expression of the civilizing impulse to the democratization of states and, finally, through the promotion of human rights, Su offers a new understanding of the significance of religion in international relations.

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front cover of Exports and Local Development
Exports and Local Development
Mexico's New Maquiladoras
By Patricia A. Wilson
University of Texas Press, 1992

Mexico's export assembly industry has been the object of an intensely polarized debate. While some observers laud the maquiladora industry as a source of much-needed employment and foreign exchange for Mexico, others berate it as a vehicle for exploitation and pollution. Exports and Local Development attempts to transcend the dichotomy by taking a practical look at how this export industry could be better utilized to promote local development.

Using data gathered from a field survey of more than seventy maquiladora plants, Patricia A. Wilson compares the Mexican industry with its more successful Asian counterparts to determine how policy initiatives might help Mexico use local linkages to tap the potential of both local and foreign-owned assembly plants.

The study grounds its analysis of the maquiladora industry in leading-edge issues including the rise of free trade, changing corporate sourcing strategies, the competitiveness of U.S. manufacturing, the Japanese challenge, the spread of flexible technology and management methods, the impacts of export-led development strategies, the importance of business networking, and the role of small business. It will be of interest to a wide audience in international business, economic development planning, public policy, and economic geography.

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