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Subject: Economics

Political Corruption in a World in Transition

Edited by Jonathan Mendilow, Rider University and Éric Phélippeau, Université Paris Nanterre, France

April 2019 / ISBN: 978-1-62273-332-3
Availability: Forthcoming

This book argues that the mainstream definitions of corruption, and the key expectations they embed concerning the relationship between corruption, democracy, and the process of democratization, require reexamination. Even critics, who did not take the stable institutions and legal clarity of veteran democracies as a cure-all, assumed that the process of widening the influence on government decision making and implementation allows non-elites to defend their interests, define the acceptable sources and uses of wealth, and demand government accountability. This had proved correct, especially insofar as ‘petty corruption’ is involved. But the assumption that corruption necessarily involves the evasion of democratic principles and a ‘market approach’ in which the corrupt seek to maximize profit do not exhaust the possible incentives for corruption, the types of behaviors involved (for obvious reasons, the tendency in the literature is to focus on bribery), or the range of situations that ‘permit’ corruption in democracies. In the effort to identify some of the problems that require recognition, and to offer a more exhaustive alternative, the chapters in this book focus on corruption in democratic settings (including NGOs and the United Nations which were largely so far ignored), while focusing mainly on behaviors other than bribery.

Political Routes to Starvation

Why Does Famine Kill?

Bas Dianda

April 2018 / ISBN: 978-1-62273-309-5
Availability: In stock
$68 £49 €55

This book seeks to reclassify famine by offering an in-depth look at the phenomenon that continues to affect millions of people across the world every year. Defined as a widespread scarcity of food, Dr. Basilio Dianda argues that the causes of famine cannot be reduced exclusively to a shortfall in agricultural output or to economic dynamics. Instead, an analysis of famine must take into account political and economic factors as well as agricultural, climatologic and demographic data. ‘Political Routes to Starvation’ is the result of an all-encompassing analysis of eighty famines from across the globe. This extensive piece of research demonstrates that there are not only multiple factors at play in the genesis of a food crisis, but also in its evolution to starvation. Dianda contends that in order to fully understand the causes of famine it is necessary to reinstate a hierarchy between foundation and concomitant causes, especially when cross-comparing cases. Importantly, Dianda maintains that only a comprehensive approach to famine can appropriately answer the questions: What is famine? How does famine occur? Why does famine kill?

Market Abuse Regulation in South Africa, the United States of America and the United Kingdom

Howard Chitimira, North West University, South Africa

April 2018 / ISBN: 978-1-62273-260-9
Availability: In stock
$56 £46 €53

This book provides a concise comparison of the regulation and enforcement of the anti-market abuse laws (insider trading and market manipulation) in South Africa, the United States of America (USA) and United Kingdom (UK). Bringing together a number of previously published articles, the book provides a novel discussion of the challenges associated with the enforcement of market abuse laws in both developing countries such as South Africa and developed ones such as the USA and the UK. This is primarily done to examine and expose the current strengths and weaknesses of market abuse laws in relation to certain aspects of the corporate, securities and financial markets environments in South Africa, the USA and the UK. Accordingly, chapters two to five of the book unpack the regulation and enforcement of market abuse laws in South Africa and the USA in a comparative perspective. Thereafter, chapters six to eight of the book discuss the regulation and enforcement of market abuse laws (Financial Markets Act 19 of 2012) and other related statutes in South Africa and the UK. The book proposes some measures that could be utilised to enhance the enforcement of anti-market laws in South Africa, USA and the UK. New market abuse-related challenges that occurred during the global financial crisis are also briefly discussed. The book further provides a relatively adequate overview of the comparative analysis of the regulation of market abuse in South Africa versus two key developed and respected jurisdictions, namely, the USA and the UK. Accordingly, it is hoped that the book can aid regulatory authorities, financial market participants, academics, students and other interested readers to understand market abuse offences and possible measures that could be employed to combat such offences.

Networks of International Trade and Investment

Understanding globalisation through the lens of network analysis

Edited by Sara Gorgoni, University of Greenwich et al.

March 2018 / ISBN: 978-1-62273-065-0
Availability: In stock
$68 £48 €55

In recent decades, the international economy has witnessed fundamental changes in the way manufacturing is organised: products are no longer manufactured in their entirety in a single location. Instead, the production process is often split across a number of stages located in countries that are frequently far apart from each other. By spreading out their manufacturing and supply chain activities globally through international investment and intra-firm trade, Multinational enterprises (MNEs) play a focal role in this reorganisation of production. Our ability to understand the global economy, therefore, requires an understanding of the interdependencies between the entities involved in such fragmented production. Traditional methods and statistical approaches are insufficient to address this challenge. Instead, an approach is required that allows us to account for these interdependencies. The most promising approach so far is network analysis. ‘Networks of International Trade and Investment’ makes a case for the use of network analysis alongside existing techniques in order to investigate pressing issues in international business and economics. The authors put forward a range of well-informed studies that examine compelling topics such as the role of emerging economies in global trade and the evolution of world trade patterns. They look at how network analysis, as both an approach and a methodology, can explain international business and economics phenomena, in particular, in relation to international trade and investment. Providing a comprehensive but accessible explanation of the applications of network analysis and some of the most recent methodological advances in its field, this edited volume is an important contribution to research in international trade and investment.

Fixed or Flexible Exchange Rates? History and Perspectives

Marin Muzhani, CDI College, Canada

March 2018 / ISBN: 978-1-62273-177-0
Availability: In stock
$65 £52 €60

This book compares and contrasts flexible versus fixed exchange rate regimes. Beginning with their theoretical justifications, it showcases their observed advantages and disadvantages as they played out in the currency crises of the 1990s and early 2000s across Asia, Europe and Latin America. An analysis of the drivers and implications of these crises singles out fast-paced liberalization and globalization as having played central roles. Moreover it sheds light on some of the factors contributing to the 2008 financial crisis and the key monetary events in its aftermath. An accessible, yet rigorous discussion, supported by extensive evidence, helps readers reach their own conclusions regarding the respective merits of alternative exchange rate systems.