Division System in Crisis


Book Description

"This volume represents the first English-language collection by the renowned Korean cultural and political critic Paik Nak-chung. Paik's omnipresent theme is the 'division system' on the Korean peninsula, the peculiar logic by which one nation remains divided into two states. These deeply humanistic essays foreground the needs of ordinary citizens and call for globally relevant solutions to Korea's divided reality."--Publisher's website.




The Soviet System In Crisis


Book Description

This reader is intended to fill the urgent need for up-to-date materials on the Gorbachev era and to provide scholars and students with source materials and interpretations not available in standard texts. In addition, the book will be regularly revised and updated to take account of rapidly changing events. Alexander Dallin and Gail Lapidus have brought together outstanding Western analyses, as well as Soviet documents and commentary, dealing with developments in the USSR's politics, economy, society, culture, and foreign policy since 1985. The collection covers the full spectrum of views—skeptical and enthusiastic, ideological and pragmatic—offered by journalists, politicians, observers, and participants. Introductory and concluding material by the editors provides the essential context to help students understand the myriad opinions put forth on the vast changes in the USSR and where its future may lie.




Complexity and Crisis in the Financial System


Book Description

What are the long-term causes and consequences of the global financial crisis of 2007–2008? This book offers a fresh perspective on these issues by bringing together a range of academics from law, history, economics and business to look in more depth at the changing relationships between crises and complexity in the US and UK financial markets. The contributors are motivated by three main questions: • Is the present financial system more complex than in the past and, if so, why? • To what extent, and in what ways, does the worldwide financial crisis of 2007–2008 differ from past financial crises? • How can governments, regulators and businesses better manage and deal with increased levels of complexity both in the present and in the future? Students and scholars of finance, economics, history, financial law, banking and international business will find this book to be of interest. It will also be of use to regulators and policymakers involved in the US and UK banking sectors.




Crises and Cycles


Book Description

"As a foundation for this book use has been made of the author's treatise on Krise and Konjunktur. Large parts have been translated, with many alterations, from the German ... while other parts written in English by the author have been added"--Pref. Includes bibliographical references.




The Crisis of Distribution and the Regulation of Economic Law


Book Description

The crisis of distribution is one of the longest standing and complicated issues facing human society. Imbued with social, political, historic, and cultural elements, it varies significantly across different countries as a result of all these factors. As an emerging economy which transferred from a planned to a market economy, China has experienced large distribution gaps since it implemented the Reform and Opening-up Policy in the early 1980s, requiring stronger economic law to mitigate and regulate the crisis of distribution. The two volumes examine the crisis of distribution that China faces and proposes policy and economic law methods that can be used to overcome the distribution dilemma. The author discusses the four main concepts and focus points of the crisis of distribution – distribution itself, the crises it faces, the rule of law and development before proposing a theoretical framework of "system–distribution–development" to resolve distribution problems that China faces. The book should be of keen interest to researchers and students of law, economics, and political science.




Ten Crises


Book Description

This open access handbook, Ten Crises systematically traces the economic history of China from 1949 to 2020, unravelling the complex domestic and global factors leading to the cyclical crises identified by WEN and his research team, and examining the corresponding counteracting policies and measures by the government to resolve or defer the crises. The book offers profound insights into China's endeavours and predicaments on the path of modernization, and contemplates opportunities and lessons for the forging of alternative trajectories not only for China but also for the global south: to reconstruct rural communities for integrated cooperation and governance, and to revitalize ecological civilization.




Japanese Foreign Direct Investment and the East Asian Industrial System


Book Description

Japanese foreign direct investment has played a leading role in Asian economies for more than two decades. This book, describing the changing industrial dynamics after the Asian currency crisis in 1997, focuses on corporate strategies of Japanese automobile and electronics companies in Asian nations, with detailed analysis of management issues and strategies from the viewpoint of both the home economy and the recipient host economies. Among the cases presented are the global restructuring of the Korean automobile industry and the transfer of automotive technology to China via Taiwan. Other studies, from the electronics industry, look at production sites in Malaysia, backward integration in Singapore, and forward integration in Hong Kong. The contributions of specialists from Asia, Europe, and the United States collected here envision an ongoing process of globalization and provide valuable perspective and background for business management and East Asian studies.




Systemic Financial Crises: Resolving Large Bank Insolvencies


Book Description

Bank failures, like illness and taxes, are almost a certainty at some time in the future. What is less certain is their cost to and adverse implications for macroeconomies. Past failures have frequently been resolved at very high cost to society. However, the cost could be reduced through having a well-developed, credible and widely publicized plan ready to put into action by policymakers. If no such plan is ready when a large bank approaches insolvency, political pressures are likely to influence the response of regulators.Minimizing immediate, short-run costs are likely to outweigh minimizing further out, longer-run and longer-lasting costs, even if these delayed costs promise to be substantially greater. Stated differently, today will win out over tomorrow and politics will trump economics. How best to prevent such unfavorable outcomes is the major theme of this volume. The articles presented review past insolvency resolutions, draw lessons from these resolutions, discuss impediments to efficient resolutions — including cross-country, cross-regulator, and institutional challenges — and recommend how to move forward.







Crisis System


Book Description

This book throws light onto the nature and causes of three different but strongly interconnected crises in contemporary societies worldwide: an economic crisis, an ecological crisis and a normative (moral and political) crisis. These crises are reflected in the profoundly inequitable distribution of wealth, resources and life opportunities around the world. If we follow the causal roots of these crises, we are led back to an inherent dynamic in the capitalist economic system itself, discursively expressed as neoclassical, mainstream economics. For instance, by conflating human needs with market demand, mainstream economics disregards the needs of those who do not have sufficient purchasing power, as well as any needs that cannot be quantified or monetised in some way. Mainstream economics also ignores the notion of natural limits. Furthermore, it seems that everything that is quantifiable is potentially for sale and this results in the substitution of nature, indigenous cultural traditions and various life forms with commodities and ‘human capital’. The latter is defined as the skills instrumental for continual economic growth. Besides critiquing the academic discipline of economics, this book also points to a number of dysfunctional and crisis-prone structures and practices of substantive economic life. It will be of interest to students and scholars working in philosophy, economics and environmental studies.