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1131. Wage Reform, Soft Budget Constraints and Competition

Author:
Jian Sun
Publication Date:
02-1999
Content Type:
Working Paper
Institution:
United Nations University
Abstract:
Since the beginning of the Chinese economic reforms in 1978, there has been a series of effort to reform the labour compensation practice in state-owned enterprises to strengthen the link between pay and productivity. Despite the reforms, however, rapid increases in wage rates occurred in state-owned enterprises. Moreover, although state-owned enterprises have much lower productivity gains than non-state enterprises, they pay substantially higher wages and have faster wage growth.
Topic:
Economics, Globalization, Industrial Policy, and International Political Economy
Political Geography:
China and Asia

1132. Role of the Private Sector: Study Group

Author:
Virginia Haufler
Publication Date:
11-1998
Content Type:
Working Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
The study group addressed four topics: the definition of what we are examining; whether it is a new phenomenon; some of the factors driving it; and the concerns it raises. The goal at this meeting was to set the context for further discussion at the next meeting. Participants stressed that this is an important topic and a timely project. Please note that this summarizes the main points and imposes a certain order on what was in reality a wide-ranging discussion.
Topic:
International Relations, Globalization, Government, and International Political Economy

1133. Collective Management of International Financial Crises

Author:
Saori N. Katada
Publication Date:
07-1998
Content Type:
Working Paper
Institution:
Center for International Studies, University of Southern California
Abstract:
The world has experienced many financial crises. Despite numerous research and policy efforts in prevention to present them at of large scale, the global economy has not seen economists' (and investors') Nirvana of financial globalization without the occasional crises. On the contrary, the increasing dynamism and changing nature of financial flows across national borders seem to have created a larger number of new problems for creditors, debtors and international financial institutions. That has typically been true for middle income countries in Latin America and Asia and, very recently, in Eastern Europe, which have been integrated into the international financial system. During the two decades between the late 1970s and the late 1990s, three major sets of financial crises originated from those middle income countries, intensifying concerns for international financial stability.
Topic:
Economics, Globalization, International Political Economy, and International Trade and Finance
Political Geography:
Europe, Israel, East Asia, Latin America, Central America, and North America

1134. Transcript: Crisis of Global Capitalism: Open Society Endangered -- A New Book

Author:
George Soros, Leslie H. Gelb, John Heimann, Mort Halperin, George J.W Goodman, and John T. Connor
Publication Date:
12-1998
Content Type:
Working Paper
Institution:
Council on Foreign Relations
Abstract:
Dr. Leslie H. Gelb (President, Council on Foreign Relations): (Joined in progress) In all the years I've been here we have never had more brainpower assembled for one of our programs than this evening, your humble presider, to the contrary, notwithstanding. And with all that brainpower here, I hope we finally get an answer to the question that has bedeviled me for a long time, George, namely: If all the nations of the world are in debt, who has all the money?
Topic:
International Relations, Economics, and Globalization

1135. Globalisation: Challenges and Opportunities

Author:
G.B. Madison
Publication Date:
01-1998
Content Type:
Working Paper
Institution:
Institute on Globalization and the Human Condition, McMaster University
Abstract:
Globalization is a multifaceted phenomenon. In this paper I seek to discern some of the challenges it poses, as well as some of the opportunities it offers. To this end, attention is focused on three major aspects of globalization: the economic, the cultural, and the political. Particular consideration is given to the political-economic lessons to be learned from the recent East Asian financial (and economic) crisis; the homogenizing and civilizing ramifications of globalization in the realm of culture; and the relation between economic globalization, the threat it poses to the traditional notion of national sovereignty, and the prospects for the development of civil society, the rule of law, and democratic governance. The paper concludes by arguing that, as a result of the emerging global economy, we are witnessing the emergence of a new form of capitalism, qualitatively different from both 19th-century laissez-faire capitalism and 20th-century “managed” capitalism.
Topic:
Economics, Globalization, and Markets
Political Geography:
East Asia and Asia

1136. CSD Bulletin, A Delicate Balance

Author:
Chantal Mouffe, Abdelwahab El-Affendi, Bert A. Rockman, Doreen Massey, Tony McGrew, Kimberly Hutchings, and Niels Jacob Harbitz
Publication Date:
09-1998
Content Type:
Policy Brief
Institution:
Centre for the Study of Democracy, University of Westminster
Abstract:
Ideological disputes about the respective domains of the state and the market have convulsed much of the twentieth century. Yet recent research and experience suggest that the interaction between politics and economics, between the state and the market, is complex and systemic. An understanding of these systemic properties is crucial for effective democratic reconstruction. This is especially so in countries with a legacy of communism - such as the transition states of the former Soviet Union and East-Central Europe - where not only the market but the state, and indeed society, may have to be reconstructed, if not reinvented.
Topic:
Gender Issues, Globalization, and Government
Political Geography:
United Kingdom, Soviet Union, and Central Europe

1137. CSD Bulletin, The Media and Democracy

Author:
Chantal Mouffe, Abdelwahab El-Affendi, Bert A. Rockman, Doreen Massey, Tony McGrew, Kimberly Hutchings, and Niels Jacob Harbitz
Publication Date:
09-1998
Content Type:
Policy Brief
Institution:
Centre for the Study of Democracy, University of Westminster
Abstract:
Does the power of the media threaten democracy (understood as the participation of the people in political debate and decision- making)? In answering this question we need to distinguish between three kinds of power: political, economic, and intellectual.
Topic:
Gender Issues, Globalization, and Government
Political Geography:
United Kingdom

1138. The New Face of Regionalism in the Caribbean: The Western Hemisphere Dynamic

Author:
Anthony T. Bryan and Roget V. Bryan
Publication Date:
03-1998
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
Regionalism in the Caribbean has emerged as a response to overcoming the development constraints of small size. The theories and strategies that helped to advance the process of Caribbean integration are undergoing a revision because of the process of globalization and the momentum toward free trade in the Western Hemisphere. The Caribbean countries now have to adapt rapidly to the new global liberalization process, based on reciprocal commitments. The way forward is not easy. The road map for the new regionalism in the Caribbean reflects a paradigm shift in the earlier theory and practice of integration. This paper explores the new face of regionalism within the context of second generation regional integration theories and smaller economies' agendas. The dynamic is much more complicated than originally conceived by Caribbean theorists and economists.
Topic:
Development, Emerging Markets, Globalization, International Organization, and International Trade and Finance
Political Geography:
Caribbean

1139. Democracy and Reform in Cardoso's Brazil: Caught Between Clientelism and Global Markets?

Author:
Willian C. Smith and Nizar Messari
Publication Date:
09-1998
Content Type:
Working Paper
Institution:
The North-South Center, University of Miami
Abstract:
This paper explores President Fernando Henrique Cardoso's record and his attempt to seek reelection on October 4 over the challenge of Luiz Inácio Lula da Silva, candidate of the Workers' Party (PT) and the left. These events are examined in the context of a central, inescapable dilemma of contemporary Brazilian politics: how to reconcile the exigencies of the market and globalization with the equally compelling needs to promote democracy while combating poverty, violence, and social exclusion. The paper concludes with analyses of various alternative politico-economic scenarios for Brazil following the October elections.
Topic:
Democratization, Development, Economics, Globalization, Government, and Politics
Political Geography:
Brazil

1140. The 1998 Per Jacobsson Lecture: Managing the International Economy in an Age of Globalisation

Author:
Peter D. Sutherland
Publication Date:
10-1998
Content Type:
Policy Brief
Institution:
Overseas Development Council
Abstract:
Good afternoon. Thank you, Sir Jeremy, for that kind introduction. I am honored, not merely to have been selected to deliver this year's Per Jacobsson lecture, but by the presence of so many distinguished guests. I am also delighted that two previous Per Jacobsson lecturers could be here this afternoon, and I would like to recognize them: Jacques de Larosiere, the former Managing Director of the IMF and more recently the President of the European Bank for Reconstruction and Development, and Joseph Yam, the Chief Executive of the Hong Kong Monetary Authority.
Topic:
Economics, Globalization, Government, International Trade and Finance, and Politics
Political Geography:
Europe