Download or read book The Power of Inaction written by Cornelia Woll and published by Cornell University Press. This book was released on 2014-04-17 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bank bailouts in the aftermath of the collapse of Lehman Brothers and the onset of the Great Recession brought into sharp relief the power that the global financial sector holds over national politics, and provoked widespread public outrage. In The Power of Inaction, Cornelia Woll details the varying relationships between financial institutions and national governments by comparing national bank rescue schemes in the United States and Europe. Woll starts with a broad overview of bank bailouts in more than twenty countries. Using extensive interviews conducted with bankers, lawmakers, and other key players, she then examines three pairs of countries where similar outcomes might be expected: the United States and United Kingdom, France and Germany, Ireland and Denmark. She finds, however, substantial variation within these pairs. In some cases the financial sector is intimately involved in the design of bailout packages; elsewhere it chooses to remain at arm’s length.Such differences are often ascribed to one of two conditions: either the state is strong and can impose terms, or the state is weak and corrupted by industry lobbying. Woll presents a third option, where the inaction of the financial sector critically shapes the design of bailout packages in favor of the industry. She demonstrates that financial institutions were most powerful in those settings where they could avoid a joint response and force national policymakers to deal with banks on a piecemeal basis. The power to remain collectively inactive, she argues, has had important consequences for bailout arrangements and ultimately affected how the public and private sectors have shared the cost burden of these massive policy decisions.

Download or read book The End of the Cold War and the Causes of Soviet Collapse written by N. Bisley and published by Springer. This book was released on 2004-04-30 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: Soviet efforts to end the Cold War were intended to help revitalize the USSR. Instead, Nick Bisley argues, they contributed crucially to its collapse. Using historical-sociological theory, The End of the Cold War and the Causes of Soviet Collapse shows that international confrontation had been an important element of Soviet rule and that the retreat from this confrontational posture weakened institutional-functional aspects of the state. This played a vital role in making the USSR vulnerable to the forces of economic crisis, elite fragmentation and nationalism which ultimately caused its collapse.

Download or read book The Harper Record written by Teresa Healy and published by Canadian Centre for Policy Alternatives = Centre Canadien de. This book was released on 2008 with total page 506 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Harper government's policies are moving our country backwards toward a vision of society, the role of government, and the nature of the federation reminiscent of the 1920s. [...] As the government tried to liberalize markets in grains, the Wheat Board Ceo was fired 14 The Harper Record and the government worked to prevent Board members from speaking out in support of the marketing board. [...] The report of the Iacobucci Commission was originally meant to be submitted the week before the 2008 election was called, but was delayed until the week after the election.9 Both the Liberals who were in power during the events in question and the Conservatives, who are in favour of the anti-terrorist agenda, were thus spared public scrutiny on these issues during the election campaign. [...] Conclusion In the 32 months that the Conservative minority government was in power between 2006 and 2008, the people of Canada faced signifi- cant challenges because of the substance of what the Harper govern- ment achieved and because of the anti-democratic way in which he went about it. [...] In a 1989 memo to Preston Manning, he argued that the core political cleavage in contemporary Western democracies pits taxpayers and private sector-oriented citizens (the ideological right) against the public sector-oriented political class and "tax recipients of the Welfare State" (the ideological left).17 The conserv- ative coalition of the right would include the corporate sector and the privat.

Download or read book Beyond Paradigms written by Rudra Sil and published by Bloomsbury Publishing. This book was released on 2010-08-31 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: While paradigm-bound research has generated powerful insights in international relations, it has fostered a tunnel vision that hinders progress and widens the chasm between theory and policy. In this important new book, Sil and Katzenstein draw upon recent scholarship to illustrate the benefits of a more pragmatic and eclectic style of research.

Download or read book Guardians of Finance written by James R. Barth and published by MIT Press. This book was released on 2014-08-29 with total page 295 pages. Available in PDF, EPUB and Kindle. Book excerpt: How the unaccountable, unmonitorable, and unchecked actions of regulators precipitated the global financial crisis; and how to reform the system. The recent financial crisis was an accident, a “perfect storm” fueled by an unforeseeable confluence of events that unfortunately combined to bring down the global financial systems. Or at least this is the story told and retold by a chorus of luminaries that includes Timothy Geithner, Henry Paulson, Robert Rubin, Ben Bernanke, and Alan Greenspan. In Guardians of Finance, economists James Barth, Gerard Caprio, and Ross Levine argue that the financial meltdown of 2007 to 2009 was no accident; it was negligent homicide. They show that senior regulatory officials around the world knew or should have known that their policies were destabilizing the global financial system and yet chose not to act until the crisis had fully emerged. Barth, Caprio, and Levine propose a reform to counter this systemic failure: the establishment of a “Sentinel” to provide an informed, expert, and independent assessment of financial regulation. Its sole power would be to demand information and to evaluate it from the perspective of the public—rather than that of the financial industry, the regulators, or politicians.

Download or read book International Organizations as Orchestrators written by Kenneth W. Abbott and published by Cambridge University Press. This book was released on 2015-03-05 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book shows how international organizations achieve their governance goals, despite limited resources, by 'orchestrating' NGOs and other intermediaries.

Download or read book Management from Islamic Perspective written by Khaliq Ahmad and published by . This book was released on 2006 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Lobbying and Policy Change written by Frank R. Baumgartner and published by University of Chicago Press. This book was released on 2009-08-01 with total page 357 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the 2008 election season, politicians from both sides of the aisle promised to rid government of lobbyists’ undue influence. For the authors of Lobbying and Policy Change, the most extensive study ever done on the topic, these promises ring hollow—not because politicians fail to keep them but because lobbies are far less influential than political rhetoric suggests. Based on a comprehensive examination of ninety-eight issues, this volume demonstrates that sixty percent of recent lobbying campaigns failed to change policy despite millions of dollars spent trying. Why? The authors find that resources explain less than five percent of the difference between successful and unsuccessful efforts. Moreover, they show, these attempts must overcome an entrenched Washington system with a tremendous bias in favor of the status quo. Though elected officials and existing policies carry more weight, lobbies have an impact too, and when advocates for a given issue finally succeed, policy tends to change significantly. The authors argue, however, that the lobbying community so strongly reflects elite interests that it will not fundamentally alter the balance of power unless its makeup shifts dramatically in favor of average Americans’ concerns.

Download or read book Diplomacy and Lobbying During Turkey s Europeanisation written by Bilge Firat and published by Political Ethnography. This book was released on 2022-04-05 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents intricate, backstage negotiations of interests and compromises between diplomats and lobbyists through the corridors of power, which drove Turkey both closer to and farther apart from the EU.

Download or read book Structural Power written by Hugh Ward and published by . This book was released on 2003 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Quiet Politics and Business Power written by Pepper D. Culpepper and published by Cambridge University Press. This book was released on 2010-11-22 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does democracy control business, or does business control democracy? This study of how companies are bought and sold in four countries - France, Germany, Japan and the Netherlands - explores this fundamental question. It does so by examining variation in the rules of corporate control - specifically, whether hostile takeovers are allowed. Takeovers have high political stakes: they result in corporate reorganizations, layoffs and the unraveling of compromises between workers and managers. But the public rarely pays attention to issues of corporate control. As a result, political parties and legislatures are largely absent from this domain. Instead, organized managers get to make the rules, quietly drawing on their superior lobbying capacity and the deference of legislators. These tools, not campaign donations, are the true founts of managerial political influence.

Download or read book 13 Bankers written by Simon Johnson and published by Vintage. This book was released on 2010-03-30 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt: In spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country’s gross domestic product, this oligarchy proved it could first hold the global economy hostage and then use its political muscle to fight off meaningful reform. 13 Bankers brilliantly charts the rise to power of the financial sector and forcefully argues that we must break up the big banks if we want to avoid future financial catastrophes. Updated, with additional analysis of the government’s recent attempt to reform the banking industry, this is a timely and expert account of our troubled political economy.

Download or read book Conservative Parties and the Birth of Democracy written by Daniel Ziblatt and published by Cambridge University Press. This book was released on 2017-04-18 with total page 448 pages. Available in PDF, EPUB and Kindle. Book excerpt: How do democracies form and what makes them die? Daniel Ziblatt revisits this timely and classic question in a wide-ranging historical narrative that traces the evolution of modern political democracy in Europe from its modest beginnings in 1830s Britain to Adolf Hitler's 1933 seizure of power in Weimar Germany. Based on rich historical and quantitative evidence, the book offers a major reinterpretation of European history and the question of how stable political democracy is achieved. The barriers to inclusive political rule, Ziblatt finds, were not inevitably overcome by unstoppable tides of socioeconomic change, a simple triumph of a growing middle class, or even by working class collective action. Instead, political democracy's fate surprisingly hinged on how conservative political parties - the historical defenders of power, wealth, and privilege - recast themselves and coped with the rise of their own radical right. With striking modern parallels, the book has vital implications for today's new and old democracies under siege.

Download or read book The Oxford Handbook of Historical Institutionalism written by Karl Orfeo Fioretos and published by Oxford University Press. This book was released on 2016 with total page 705 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume offers an authoritative and accessible state-of-the-art analysis of the historical institutionalism research tradition in Political Science.

Download or read book American Business and Political Power written by Mark A. Smith and published by University of Chicago Press. This book was released on 2010-01-26 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: Most people believe that large corporations wield enormous political power when they lobby for policies as a cohesive bloc. With this controversial book, Mark A. Smith sets conventional wisdom on its head. In a systematic analysis of postwar lawmaking, Smith reveals that business loses in legislative battles unless it has public backing. This surprising conclusion holds because the types of issues that lead businesses to band together—such as tax rates, air pollution, and product liability—also receive the most media attention. The ensuing debates give citizens the information they need to hold their representatives accountable and make elections a choice between contrasting policy programs. Rather than succumbing to corporate America, Smith argues, representatives paradoxically become more responsive to their constituents when facing a united corporate front. Corporations gain the most influence over legislation when they work with organizations such as think tanks to shape Americans' beliefs about what government should and should not do.

Download or read book After the Music Stopped written by Alan S. Blinder and published by Penguin. This book was released on 2013-01-24 with total page 587 pages. Available in PDF, EPUB and Kindle. Book excerpt: The New York Times bestseller "Blinder's book deserves its likely place near the top of reading lists about the crisis. It is the best comprehensive history of the episode... A riveting tale." - Financial Times One of our wisest and most clear-eyed economic thinkers offers a masterful narrative of the crisis and its lessons. Many fine books on the financial crisis were first drafts of history—books written to fill the need for immediate understanding. Alan S. Blinder, esteemed Princeton professor, Wall Street Journal columnist, and former vice chairman of the Federal Reserve Board, held off, taking the time to understand the crisis and to think his way through to a truly comprehensive and coherent narrative of how the worst economic crisis in postwar American history happened, what the government did to fight it, and what we can do from here—mired as we still are in its wreckage. With bracing clarity, Blinder shows us how the U.S. financial system, which had grown far too complex for its own good—and too unregulated for the public good—experienced a perfect storm beginning in 2007. Things started unraveling when the much-chronicled housing bubble burst, but the ensuing implosion of what Blinder calls the “bond bubble” was larger and more devastating. Some people think of the financial industry as a sideshow with little relevance to the real economy—where the jobs, factories, and shops are. But finance is more like the circulatory system of the economic body: if the blood stops flowing, the body goes into cardiac arrest. When America’s financial structure crumbled, the damage proved to be not only deep, but wide. It took the crisis for the world to discover, to its horror, just how truly interconnected—and fragile—the global financial system is. Some observers argue that large global forces were the major culprits of the crisis. Blinder disagrees, arguing that the problem started in the U.S. and was pushed abroad, as complex, opaque, and overrated investment products were exported to a hungry world, which was nearly poisoned by them. The second part of the story explains how American and international government intervention kept us from a total meltdown. Many of the U.S. government’s actions, particularly the Fed’s, were previously unimaginable. And to an amazing—and certainly misunderstood—extent, they worked. The worst did not happen. Blinder offers clear-eyed answers to the questions still before us, even if some of the choices ahead are as divisive as they are unavoidable. After the Music Stopped is an essential history that we cannot afford to forget, because one thing history teaches is that it will happen again.

Download or read book The Fracturing of the American Corporate Elite written by Mark S. Mizruchi and published by Harvard University Press. This book was released on 2013-05-07 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: Critics warn that corporate leaders have too much influence over American politics. Mark Mizruchi worries they exert too little. American CEOs have abdicated their civic responsibilities in helping the government address national challenges, with grave consequences for society. A sobering assessment of the dissolution of America’s business class.