The Political Economy of International Reform and Reconstruction


Book Description

When he fled Austria in 1934, Ludwig von Mises left behind a wealth of writings that, he supposed, were lost forever. Seized by the Nazi Gestapo, the papers were subsequently captured by the Soviet KGB and were archived in Moscow. Their discovery in 1996, by Professors Richard and Anna Ebeling of Hillsdale College, received widespread attention. In cooperation with Hillsdale College, Liberty Fund will make available these long-lost writings, many of which have not previously appeared in English, as part of a three-volume edition of selected writings by one of the unsurpassed economists of the twentieth century. In the first of the volumes to be published are contained separate previously unpublished works that Mises wrote from 1940 through 1944, when much of the world was at war. The papers include: Guiding Principles for the Reconstruction of Austria (1940); An Eastern Democratic Union: A Proposal for the Establishment of a Durable Peace in Eastern Europe (1943); Aspects of American Foreign Trade Policy (1943); Mexico's Economic Problems (1943); The Main Issues in Present-Day Monetary Controversies (1944), and; A Non-Inflationary Proposal for Post-War Monetary Reconstruction (1944).







The Political Economy of Transformation


Book Description

This book analyzes the political-economic implications of system transformation as experienced now in Central and Eastern Europe and in China. The whole societal organization being in motion and economic activitybeing in a deep recession, political leaders will find it extremely difficult to secure consensus and support for redesigning institutions, and stabilizing and restructuring activity. The ensuing process is certainly not one of optimal control, but has rather evolutionary characteristics leading constantly to paradoxes and dilemmas. The first part of the book discusses different paradigms within which the complex process of transformation could fruitfully be analyzed. Democratic theory, bargaining theory, efficiency theory, institutionalism - all contribute to the understanding of the complex phenomena. Keytopics of the second part are among others: policy aspects of privatization, adjustment of fiscal system and policy, industrialrestructuring, the different case of China. The book illustrates that the first euphoria of planning the transition to markets was rather naive, analytically and politically. Transformation is not only an economic puzzle, not even in the first place. It is very much of a sociopolitical problem andhas to be treated as such. The book can be used as a reader or as background literature in corresponding course.




The Political Economy of Energy Subsidy Reform


Book Description

This book proposes a simple framework for understanding the political economy of subsidy reform and applies it to four in-depth country studies covering more than 30 distinct episodes of reform. Five key lessons emerge. First, energy subsidies often follow a life cycle, beginning as a way to stabilize prices and reduce exposure to price volatility for low-income consumers. However, as they grow in size and political power, they become entrenched. Second, subsidy reform strategies vary because the underlying political economy problems vary. When benefits are concentrated, satisfying (or isolating) interest groups with alternative policies is an important condition for effective reform. When benefits are diffuse, it can be much harder to identify and manage the political coalition needed for reform. Third, governments vary in their administrative and political capacities to implement difficult energy subsidy reforms. Fourth, improvements in social protection systems are often critical to the success of reforms because they make it possible to target assistance to those most in need. Finally, the most interesting cases involve governments that take a strategic approach to the challenges of political economy. In these settings, fixing energy subsidies is central to the governments’ missions of retaining political power and reorganizing how the government delivers benefits to the population. These cases are examples of “reform engineering,†? where governments actively seek to create the capacity to implement alternative policies, depoliticize tariffs, and build credibility around alternative policies. The most successful reforms involve active efforts by policy leaders to identify the political forces supporting energy subsidies and redirect or inoculate them.




Neoliberal Globalization and Institutional Reform


Book Description

This book represents the manifestation of a long-term effort to explore the multifaceted impact of neo-liberal globalisation on institutional reform in the developing world, with special reference to the transformation trajectory of State Planning Organisation in Turkey. Analytically, it strives to locate the in-depth analysis of Turkish development planning and the changing fortunes of the State Planning Organisation within the broader context of the 'states versus markets' debate in the political economy literature in order to assess the technical viability and institutional manifestations of development planning under the profound and ever increasing pressures of globalisation. To this end, a comparative institutional theoretical framework is adopted which engages critically with the neo-classical/neo-liberal approach to macroeconomic policy making, and gauges the potential influence of domestic institutional structures in generating effective responses to changes in global economy.




The International Political Economy of Transition


Book Description

Shortlisted for the 2013 BISA IPEG Book Prize, this book explores how Eastern Europe’s post-communist transition can only be understood as part of a broader interrogation of neoliberal hegemony in the global political economy, and provides a detailed historical account of the emergence of neoliberalism in Eastern Central Europe. Adopting an innovative Gramscian approach to post-communist transition, this book charts the rise to hegemony of neoliberal social forces. Using transition in Poland as a starting point, the author traces how particular social forces most intimately associated with transnational capital successful in the struggle over competing reform strategies. Transition is broken down into three stages; the "first wave" illustrates how the rise of particular social forces shaped by global change gave rise to a neoliberal strategy of capitalism from the 1970s. It goes on to show how the political economy of Europeanization, associated with EU enlargement instilled a "second wave" of neoliberalisation. Finally, exploring recent populist and left wing alternatives in the context of the current financial crisis, the book outlines how counter-hegemonic struggle might oppose a "third wave" neoliberalisation. The International Political Economy of Transition will be of interest to students and scholars of international political economy, post-communist studies and European politics




Priorities and Pathways in Services Reform


Book Description

Services markets remain highly regulated and international trade and investment is restricted. Previous works have identified the scope for significant gains from trade, yet those results are often debated and the progress on reform has been slow. Parts I and II in Priorities and Pathways in Services Reform help fill the gap in the research around this debate. Part I OCo Quantitative Studies contains up-to-date assessment and evaluations of the impact of policy in a range of services markets in different countries (through cross-country modelling of the impacts of a reform program). Part II OCo Political Economy Studies builds on this to address the understanding of what makes a reform successful, going beyond a quantification of the benefits of reform. This book fills that gap by reporting and reviewing the experience of reform across different sectors and countries. Ten key lessons are identified for successful reform. Readers will find fresh insights into managing complex issues in services reform."




Political Economy and International Order in Interwar Europe


Book Description

Standard histories of European integration emphasize the immediate aftermath of World War II as the moment when the seeds of the European Union were first sown. However, the interwar years witnessed a flurry of concern with the reconstruction of the world order, generating arguments that cut across the different social sciences, then plunged in a period of disciplinary soul-searching and feverish activism. Economics was no exception: several of the most prominent interwar economists, such as F. A. Hayek, Jan Tinbergen, Lionel Robbins, François Perroux, J. M. Keynes and Robert Triffin, contributed directly to larger public discussions on peace, order and stability. This edited volume combines these different strands of historical narrative into a unified framework, showing how political economy was integral to the interwar literature on international relations and, conversely, how economists were eager to incorporate international politics into their own concerns. The book brings together a group of scholars with varied disciplinary backgrounds, whose combined perspectives allow us to explore three analytical layers. The first part studies how different forms of economic knowledge, from economic programming to international finance, were used in the quest for a stable European order. The second part focuses on the existence of conflicting expectations about the role of social scientific knowledge, either as a source of technical solutions or as an input for enlightened public discussion. The third part illustrates how certain ideas and beliefs found concrete expression in specific institutional settings, which amplified their political leverage. The three parts are enclosed by an introductory essay, laying out the broad topics explored in the volume, and a substantial postscript tying all the historical threads together.




The Political Economy of Decentralization Reforms


Book Description

This volume presents a framework designed to help international development partners consider the relevance of political economy issues for their programmatic support to decentralization and local government reform. The intention is neither to advocate decentralization in general or in any particular form, nor to presume or privilege any particular decentralization objective. Instead, the purpose is to document the potential value of better understanding how (primarily national and intergovernmental) political and institutional dynamics do or could affect the scope for realizing decentralization reforms aligned with commonly advocated service delivery, governance, and poverty reduction goals. The underlying premise is that systematic analysis of these issues can productively complement the dominantly technical diagnostic work typically carried out by development partners. Specifically, development partners can benefit from better understanding the practical significance of motives that drive politicians and bureaucrats to support or oppose reform at various stages of the decentralization process, from making an initial reform decision to detailed design and implementation. In addition, the authors address how these incentives can weaken, strengthen, or shift in response to changes in political and economic conditions that arise after reform begins. A general approach to conducting political economy of decentralization analysis is outlined, recognizing the need to tailor such analysis to the particular country context. This volume is based on literature reviews and knowledge derived from selected country experiences.




Theorising Transition


Book Description

Contains 20 essays which discuss the differing forms of capitalism emerging in former socialist economies. Examines, inter alia, industrial restructuring, social and political movements and agrarian reform, and social transformations.