Nations, Conglomerates, and Empires
Author | : Branko Milanovic |
Publisher | : World Bank Publications |
Total Pages | : 52 |
Release | : 1996 |
Genre | : |
ISBN | : |
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Author | : Branko Milanovic |
Publisher | : World Bank Publications |
Total Pages | : 52 |
Release | : 1996 |
Genre | : |
ISBN | : |
Author | : Branko Milanovic |
Publisher | : |
Total Pages | : |
Release | : 1999 |
Genre | : |
ISBN | : |
October 1996 Why after the breakup of such multinational states as the Soviet Union, Czechoslovakia, and Yugoslavia - whose republics justified their decision by claiming that they wanted to regain their sovereignty - did the new states express strong desire to join the European Union, thus dissipating the very sovereignty they had sought? One of the apparent inconsistencies in the breakup of such multinational states as the Soviet Union, Czechoslovakia, and Yugoslavia is that while the republics justified their decision by claiming that they wanted to increase (regain) their sovereignty, the new states' strong desire to join the European Union shows their intention to dissipate the very same newly acquired sovereignty. How can the two desires be reconciled? Why would someone go through the ordeal of secession in order to quickly get rid of the very sovereignty that justified the secession? Or was sovereignty not the real (or sole) goal behind the secessionist drive? Milanovic explains that full sovereignty (like the individual's full freedom) is neither reachable for most countries nor desirable - because greater sovereignty is often traded for reduced income. Economic sovereignty is normally limited in key areas: exchange rate policy (by rules stemming from IMF membership, for example, or participation in regional currency systems), trade policy (by GATT rules, for example), labor and banking regulations, accounting practices, and so on. There is a tradeoff curve between sovereignty and income. Countries do not choose maximum sovereignty, but an optimal one. They choose a combination of income and sovereignty that allows them to maximize welfare. But that combination is not the same for all countries. * Larger countries (measured by their GDP) have the luxury of choosing more sovereignty per unit of income, simply because for them domestic markets are more important than for small countries. * Countries with abundant natural resources or very skilled labor (that is, with high per capita human and natural wealth) tend to be more integrated internationally. For them, economic sovereignty is less important because they need to export their resources and the returns to their labor increase with international integration. * More democratic countries also tend to be better integrated because in democracies the power of the political elite - who may often prefer not to be bound by international rules - is lessened. Testing these hypotheses on the 1993-94 data for 165 countries, Milanovic finds a statistically strong impact of per capita wealth and democracy on international integration. The effect of country size is weaker. Milanovic discusses why different countries may wish to form conglomerates, defined as looser or tighter unions that imply shared sovereignty and redistribution from richer to poorer members. He finds that the willingness to join conglomerates (free trade associations) is greater for countries that are relatively poor (compared with the average income of the target conglomerate), and for democracies. The country size effect is U-shaped: the willingness to join conglomerates is high for small countries (whose sovereignty might actually increase in a conglomerate because of the conglomerate's sovereignty-sharing features) and for very large countries that may expect to play the role of core states. The key gain from independence for the relatively rich republics that were former members of the Communist conglomerates was not economic sovereignty in itself but the ability to switch from a poor to a rich conglomerate. This paper - a product of the Poverty and Human Resources Division, Policy Research Department - is part of a larger effort in the department to study transition economies.
Author | : Daron Acemoglu |
Publisher | : Currency |
Total Pages | : 546 |
Release | : 2013-09-17 |
Genre | : Business & Economics |
ISBN | : 0307719227 |
Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.
Author | : Peter Turchin |
Publisher | : Penguin |
Total Pages | : 405 |
Release | : 2007 |
Genre | : History |
ISBN | : 9780452288195 |
Argues that the key to the formation of an empire lies in a society's capacity for collective action, resulting from people banding together to confront a common enemy, and describing how the growth of empires leads to a growing dichotomy between rich and poor, increasing conflict instead of cooperation, and inevitable dissolution. Reprint. 25,000 first printing.
Author | : Deepak Lal |
Publisher | : American Enterprise Institute |
Total Pages | : 58 |
Release | : 2004 |
Genre | : History |
ISBN | : 9780844771779 |
This monograph suggests that the world needs an American pax to provide both global peace and prosperity.
Author | : Jane Jacobs |
Publisher | : Vintage |
Total Pages | : 256 |
Release | : 2016-08-17 |
Genre | : Social Science |
ISBN | : 0525432876 |
In this eye-opening work of economic theory, Jane Jacobs argues that it is cities—not nations—that are the drivers of wealth. Challenging centuries of economic orthodoxy, in Cities and the Wealth of Nations the beloved author contends that healthy cities are constantly evolving to replace imported goods with locally-produced alternatives, spurring a cycle of vibrant economic growth. Intelligently argued and drawing on examples from around the world and across the ages, here Jacobs radically changes the way we view our cities—and our entire economy.
Author | : Anatol Lieven |
Publisher | : |
Total Pages | : 310 |
Release | : 2012-09-27 |
Genre | : History |
ISBN | : 0199660255 |
This examination of the American national character provides a sobering look at the course foreign policy has taken since 9/11, revealing how the combination of two contradictory brands of nationalism have undermined American security and the war against terrorism.--Publisher's description.
Author | : Jan C. Jansen |
Publisher | : Princeton University Press |
Total Pages | : 266 |
Release | : 2019-06-11 |
Genre | : History |
ISBN | : 0691192766 |
The end of colonial rule in Asia, Africa, and the Caribbean was one of the most important and dramatic developments of the twentieth century. In the decades after World War II, dozens of new states emerged as actors in global politics. Long-established imperial regimes collapsed, some more or less peacefully, others amid mass violence. This book takes an incisive look at decolonization and its long-term consequences, revealing it to be a coherent yet multidimensional process at the heart of modern history. Jan Jansen and Jürgen Osterhammel trace the decline of European, American, and Japanese colonial supremacy from World War I to the 1990s. Providing a comparative perspective on the decolonization process, they shed light on its key aspects while taking into account the unique regional and imperial contexts in which it unfolded. Jansen and Osterhammel show how the seeds of decolonization were sown during the interwar period and argue that the geopolitical restructuring of the world was intrinsically connected to a sea change in the global normative order. They examine the economic repercussions of decolonization and its impact on international power structures, its consequences for envisioning world order, and the long shadow it continues to cast over new states and former colonial powers alike. Concise and authoritative, Decolonization is the essential introduction to this momentous chapter in history, the aftershocks of which are still being felt today. --
Author | : Joseph Esherick |
Publisher | : Rowman & Littlefield |
Total Pages | : 444 |
Release | : 2006 |
Genre | : History |
ISBN | : 9780742540316 |
Following a hit and run that injures his son, John Spector is shocked when the driver comes forward to confess the accident was planned and that John made the arrangements. Upset by the suggestion, he embarks on a quest that will take him through the bizarre underbelly of the city in search of the truth. Even when faced with demons bent on stopping him, haunted by dreams of a man he's never met or sidelined by concerns for his mental health, John remains unshakable. Only after his path leads to the philanthropist Charles Dapper does his determination waver, for this is when he must make an extraordinary self sacrifice to realize his goal or risk losing everything.
Author | : Odd Arne Westad |
Publisher | : Harvard University Press |
Total Pages | : 217 |
Release | : 2021-01-12 |
Genre | : History |
ISBN | : 0674249631 |
From an award-winning historian, a concise overview of the deep and longstanding ties between China and the Koreas, providing an essential foundation for understanding East Asian geopolitics today. In a concise, trenchant overview, Odd Arne Westad explores the cultural and political relationship between China and the Koreas over the past 600 years. Koreans long saw China as a mentor. The first form of written Korean employed Chinese characters and remained in administrative use until the twentieth century. Confucianism, especially Neo-Confucian reasoning about the state and its role in promoting a virtuous society, was central to the construction of the Korean government in the fourteenth century. These shared Confucian principles were expressed in fraternal terms, with China the older brother and Korea the younger. During the Ming Dynasty, mentor became protector, as Korea declared itself a vassal of China in hopes of escaping ruin at the hands of the Mongols. But the friendship eventually frayed with the encroachment of Western powers in the nineteenth century. Koreans began to reassess their position, especially as Qing China seemed no longer willing or able to stand up for Korea against either the Western powers or the rising military threat from Meiji Japan. The Sino-Korean relationship underwent further change over the next century as imperialism, nationalism, revolution, and war refashioned states and peoples throughout Asia. Westad describes the disastrous impact of the Korean War on international relations in the region and considers Sino-Korean interactions today, especially the thorny question of the reunification of the Korean peninsula. Illuminating both the ties and the tensions that have characterized the China-Korea relationship, Empire and Righteous Nation provides a valuable foundation for understanding a critical geopolitical dynamic.