Worldcasts


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Capital Rules


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Listen to a short interview with Rawi AbdelalHost: Chris Gondek | Producer: Heron & Crane The rise of global financial markets in the last decades of the twentieth century was premised on one fundamental idea: that capital ought to flow across country borders with minimal restriction and regulation. Freedom for capital movements became the new orthodoxy. In an intellectual, legal, and political history of financial globalization, Rawi Abdelal shows that this was not always the case. Transactions routinely executed by bankers, managers, and investors during the 1990s--trading foreign stocks and bonds, borrowing in foreign currencies--had been illegal in many countries only decades, and sometimes just a year or two, earlier. How and why did the world shift from an orthodoxy of free capital movements in 1914 to an orthodoxy of capital controls in 1944 and then back again by 1994? How have such standards of appropriate behavior been codified and transmitted internationally? Contrary to conventional accounts, Abdelal argues that neither the U.S. Treasury nor Wall Street bankers have preferred or promoted multilateral, liberal rules for global finance. Instead, European policy makers conceived and promoted the liberal rules that compose the international financial architecture. Whereas U.S. policy makers have tended to embrace unilateral, ad hoc globalization, French and European policy makers have promoted a rule-based, "managed" globalization. This contest over the character of globalization continues today.




World Product Casts


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Development in an Era of Capital Control


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Development in an Era of Capital Control investigates Corporate Social Responsibility (CSR), a 21st century buzz word. Centred around the responsibility of business to give back to society, this idea is a departure from the traditional view that the responsibility of business is to make a profit. Instead, it supposes that business, society and government can unite to enhance the quality of life in the community in which the business operates. This book works from the premise that whereas CSR could assist in developing communities, the quality and value of this contribution is constrained by pre-existing inequalities in the global system, which themselves can be traced to states’ histories and furthered by globalisation. Ciara Hackett shows that while the concept of CSR was designed for an environment where all states are equal, this does not ring true in the real world and consequently the potential for CSR to contribute to development is restricted, most profoundly in those states that would benefit the most.




Solutionomics


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In Solutionomics, Chris Macke delivers innovative, specific solutions for achieving America’s economic potential. Macke’s solutions are based on delivering a better return on investment to the American taxpayer and small business owners—the backbone of the American economy. Solutionomics addresses five key issues that will impact America’s economic future: Winning the Game of Global Trade Solutionomics reveals the twelve global trade myths keeping America from winning the game of global trade and the truths we should be basing our trade policy on instead. Creating an Incentive-Based Corporate Tax Policy Discover how making company tax cuts contingent on companies hiring more Americans and raising wages would generate stronger job and wage growth at a lower cost to American taxpayers. Expanding the American Middle Class Solutionomics outlines key ingredients to more efficiently grow the American middle class, including getting a better return our postsecondary education funding. Reducing Financial Crises Financial crises impede economic growth for years. Solutionomics details how to reduce the frequency and severity of financial crises creating a more reliable source of consumer and company loans. Increasing Congressional Transparency and Accountability Solutionomics outlines specific measures that would increase Congressional transparency and accountability. You are a crucial ingredient in transforming the solutions into reality. Awareness leads to action. Tell your friends, coworkers, and family about the solutions you like. Post the solutions on your Facebook page, tweet them to your followers, or post them on Instagram. Call in to your favorite talk show or attend a town hall meeting asking the show host or candidate about the solutions.




NAFTA and Labor in North America


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As companies increasingly look to the global market for capital, cheaper commodities and labor, and lower production costs, the impact on Mexican and American workers and labor unions is significant. National boundaries and the laws of governments that regulate social relations between laborers and management are less relevant in the era of globalization, rendering ineffective the traditional union strategies of pressuring the state for reform. Focusing especially on the effects of the North American Free Trade Agreement and the North American Agreement on Labor Cooperation (the first international labor agreement linked to an international trade agreement), Norman Caulfield notes the waning political influence of trade unions and their disunity and divergence on crucial issues such as labor migration and workers' rights. Comparing the labor movement's fortunes in the 1970s with its current weakened condition, Caulfield notes the parallel decline in the United States' hegemonic influence in an increasingly globalized economy. As a result, organized labor has been transformed from organizations that once pressured management and the state for worker concessions to organizations that now request that workers concede wages, pensions, and health benefits to remain competitive in the global marketplace.




Conservation and Sustainable Development


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Linking Practice and Policy in Eastern Africa.




OECD Public Governance Reviews Governing for Sustainable Prosperity in the Middle East and North Africa


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Cross-cutting global and regional challenges have triggered or reinforced efforts by government in the Middle East and North Africa to undertake public governance reforms. These reforms aim to build sustainable and resilient administrations that better meet development objectives and citizens’ expectations. To support these efforts, the report looks at developments in key areas of public governance in the Middle East and North Africa over the past decade. It discusses governments’ strategic commitments, governance arrangements, capacities and practices to implement public governance reforms to achieve four main objectives: (1) growing sustainably; (2) spending public resources efficiently; (3) delivering services effectively; and (4) promoting open and inclusive societies. The report provides general strategic orientations and identifies areas of opportunity that can be adapted to different contexts, needs and priorities.




Petroleum And Mexico's Future


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Addressing the effects of the 1982 crisis, through the late 1980s, on Mexico's economic and political systems and assessing the country's potential for entering a period of strong economic growth, contributors to this volume focus on oil, the primary source of Mexico's foreign exchange earnings, and on trade with the United States, the primary mean