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Privatization has spread worldwide during the 1980s and 1990s, and has significantly reshaped the balance between state and market in many countries. This book provides a comparative political analysis of the development, form, character and causes of privatization in three countries: the UK, USA and France. The authors argue that privatization is a political phenomenon and should be analyzed as such, rather than being seen as an economic response to the growth of the state and the cost of state provision. Privatization frequently has explicit political goals, and has consequences which redistribute costs and benefits to different groups. The book presents a threefold typology of privatization policy - pragmatic, tactical and systemic - and relates it to the experiences of USA, France and UK respectively. It will be of interest to students and scholars of politics, economics, public policy and business studies, as well as policy-makers and consultants in the field of privatization.
An analysis of the welfare state from a political economy perspective that examines the effects of aging populations, migration, and globalization on industrialized economies. In The Decline of the Welfare State, Assaf Razin and Efraim Sadka use a political economy framework to analyze the effects of aging populations, migration, and globalization on the deteriorating system of financing welfare state benefits as we know them. Their timely analysis, supported by a unified theoretical framework and empirical findings, demonstrates how the combined forces of demographic change and globalization will make it impossible for the welfare state to maintain itself on its present scale. In much of the developed world, the proportion of the population aged 60 and over is expected to rise dramatically over the coming years—from 35 percent in 2000 to a projected 66 percent in 2050 in the European Union and from 27 percent to 47 percent in the United States—which may necessitate higher tax burdens and greater public debt to maintain national pension systems at current levels. Low-skill migration produces additional strains on welfare-state financing because such migrants typically receive benefits that exceed what they pay in taxes. Higher capital taxation, which could potentially be used to finance welfare benefits, is made unlikely by international tax competition brought about by globalization of the capital market. Applying a political economy model and drawing on empirical data from the EU and the United States, the authors draw an unconventional and provocative conclusion from these developments. They argue that the political pressure from both aging and migrant populations indirectly generates political processes that favor trimming rather than expanding the welfare state. The combined pressures of aging, migration, and globalization will shift the balance of political power and generate public support from the majority of the voting population for cutting back traditional welfare state benefits.
Shrinking Cities: Understanding Shrinkage and Decline in the United States offers a contemporary look at patterns of shrinkage and decline in the United States. The book juxtaposes the complex and numerous processes that contribute to these patterns with broader policy frameworks that have been under consideration to address shrinkage in U.S. cities. A range of methods are employed to answer theoretically-grounded questions about patterns of shrinkage and decline, the relationships between the two, and the empirical associations among shrinkage, decline, and several socio-economic variables. In doing so, the book examines new spaces of shrinkage in the United States. The book also explores pro-growth and decline-centered governance, which has important implications for questions of sustainability and resilience in U.S. cities. Finally, the book draws attention to U.S.-wide demographic shifts and argues for further research on socio-economic pathways of various groups of population, contextualized within population trends at various geographic scales. This timely contribution contends that an understanding of what the city has become, as it faces shrinkage, is essential toward a critical analysis of development both within and beyond city boundaries. The book will appeal to urban and regional studies scholars from a variety of disciplinary backgrounds, as well as practitioners and policymakers.
This book provides a political economy perspective on recent changes within Canadian public administrative practice and structure, revealing the theoretical and practical underpinnings of neoliberal public administration. The role of globalization, state fiscal crisis, economic restructuring, and the ideological shift to the political right are viewed as central explanatory factors in public administrative and public policy change.
With the weakening dollar a hot topic for retirees, savers, and investors, this Little Book delves into the economic turmoil in the U.S. and shows how to survive it The United States dollar is losing value at an alarming rate. According to the Organisation for Economic Co-operation and Development (OECD) index, the U.S. currency is 37 percent below fair value against the Australian dollar and 20 percent versus the Canadian dollar. The decline of the U.S. dollar is one of the biggest threats facing American investors today, but with the Little Book of the Shrinking Dollar: What You Can do to Protect Your Money Now in hand, you have the knowledge and the expertise you need to fight back. Written by New York Times bestselling author Addison Wiggin, a leading economic forecaster, the book explores the reasons for the dollar's decline, and its precarious relationship to other currencies around the world. Filled with invaluable strategies for retirees, savers, and investors who want to keep their money safe no matter what lies ahead, the book is your one-stop guide to weathering the storm. Covers strategies for safeguarding your wealth, including safer havens for money, alternative investments, and other opportunities Written by Addison Wiggin, a three-time New York Times bestselling author and leading economic forecaster Wiggin's predictions about the decline of the dollar have proven true time and again, making him the right man for the job when it comes to predicting what lies ahead The U.S. dollar is no longer the secure and stable currency that most Americans grew up believing in. Even after recent gains, the dollar remains weak. But with the Little Book of the Shrinking Dollar you have a concise guide to what's driving its demise and everything you need to protect your money today and in the years to come.
This study investigates the nature of the impact of globalization on the Indian state. It takes as its point of departure the thesis, set out in the introductory essay, that globalization has resulted in the erosion of the economic and welfare roles of the state. According to the author, the shift to liberalization, the resurgence of the private sector, and the acceleration of growth rate paradoxically 'empowered' and 'enabled' the state. He argues that the examination of the quantitative data strongly points to the continued expansion of the economic and welfare roles of the state, rather than decline. Therefore, the retrenchment of the state does not have much merit. He emphasizes on the fundamental continuity in the key functions of the state. He concludes by saying that the state is lagging behind in the areas of internal security, education and health, and makes suggestions for institutional reforms.
In Austerity: The History of a Dangerous Idea, Mark Blyth, a renowned scholar of political economy, provides a powerful and trenchant account of the shift toward austerity policies by governments throughout the world since 2009. The issue is at the crux about how to emerge from the Great Recession, and will drive the debate for the foreseeable future.
The field of political demography - the politics of population change - is dramatically underrepresented in political science. At a time when demographic changes - aging in the rich world, youth bulges in the developing world, ethnic and religious shifts, migration, and urbanization - are waxing as never before, this neglect is especially glaring and starkly contrasts with the enormous interest coming from policymakers and the media. "Ten years ago, [demography] was hardly on the radar screen," remarks Richard Jackson and Neil Howe of the Center for Strategic and International Studies, two contributors to this volume. "Today," they continue, "it dominates almost any discussion of America's long-term fiscal, economic, or foreign-policy direction." Demography is the most predictable of the social sciences: children born in the last five years will be the new workers, voters, soldiers, and potential insurgents of 2025 and the political elites of the 2050s. Whether in the West or the developing world, political scientists urgently need to understand the tectonics of demography in order to grasp the full context of today's political developments. This book begins to fill the gap from a global and historical perspective and with the hope that scholars and policymakers will take its insights on board to develop enlightened policies for our collective future.
At 5 percent, Canada’s population growth was the highest of all G7 countries when the most recent census was taken. But only a handful of large cities drove that growth, attracting human and monetary capital from across the country and leaving myriad social, economic, and environmental challenges behind. Quietly Shrinking Cities investigates this trend and the practical challenges associated with population loss in smaller urban centres. Maxwell Hartt meticulously demonstrates that shrinking cities need to rethink their planning and development strategies in response to a new demographic reality, questioning whether population loss and prosperity are indeed mutually exclusive.
Urban shrinkage is rising to the top of the political agenda in Europe as more cities are shrinking in the prolonged economic downturn we encounter. Coupled with unprecedented budgetary austerity and rapidly ageing populations, ‘stagnating’ and ‘shrinking’ cities have emerged as a key challenge for policy and practice for decades to come. Local actors need to find new ways of collaborating across sectors, agencies and disciplines to unlock opportunities for interventions that mitigate the worst effects of urban shrinkage and long-term decline. Future Directions for the European Shrinking City focuses on policy and planning interventions that can be taken by municipalities and their local stakeholders to tackle stagnation and decline. With case studies from a range of European countries this book proposes ways to tackle shrinkage through governance, policy, planning, social, economic and management interventions. Edited by William J.V. Neill and Hans Schlappa, this book is ideally suited for policy makers and practitioners in urban planning, regeneration, and economic development dealing with pressing spatial and socio-economic issues on a European scale.