This book offers a compelling new interpretation of the proliferation of regional trade agreements (RTAs) at the end of the twentieth century. Challenging the widespread assumption that RTAs should ...be seen as fundamentally similar economic initiatives to pursue free trade, Francesco Duina proposes that the world is reorganizing itself into regions that are highly distinctive and enduring. With evidence from Europe, North America, and South America, he challenges our understanding of globalization, the nature of markets, and the spread of neoliberalism.
The pursuit of free trade is a profoundly social process and, as such, a unique endeavor wherever it takes place. In an unprecedented comparative analysis, the book offers striking evidence of differences in the legal architectures erected to standardize the worldview of market participants and the reaction of key societal organizations--interest groups, businesses, and national administrations--to a broader marketplace. The author gives special attention to developments in three key areas of economic life: women in the workplace, the dairy industry, and labor rights. With its bold and original approach and its impressive range of data,The Social Construction of Free Traderepresents a major advance in the growing fields of economic sociology and comparative regional integration.
When NAFTA went into effect in 1994, many feared it would intensify animosity among North American unions, lead to the scapegoating of Mexican workers and immigrants, and eclipse any possibility for ...cross-border labor cooperation. But far from polarizing workers, NAFTA unexpectedly helped stimulate labor transnationalism among key North American unions and erode union policies and discourses rooted in racism. The emergence of labor transnationalism in North America presents compelling political and sociological puzzles: How did NAFTA, the concrete manifestation of globalization processes in North America, help deepen labor solidarity on the continent? In addition to making the provocative argument that global governance institutions can play a pivotal role in the development of transnational social movements, this book suggests that globalization need not undermine labor movements: collectively, unions can help shape how the rules governing the global economy are made.
In 1992 David Owen was appointed the EU Co-Chairman of the International Conference on the Former Yugoslavia, working alongside the UN’s Co-Chairman, Cyrus Vance. The papers collected here provide ...fascinating primary source material and an insider’s account of the intense international political activity at that time, which culminated in the Vance-Owen Peace Plan (VOPP). At a time when the international community is looking again at whether and how the Dayton Accords and the 1995 division into two entities should be adjusted in Bosnia-Herzegovina, Owen highlights elements of the VOPP which are of continuing relevance and which can guide political debate and decisions in 2012 and thereafter. Sadly, Bosnia-Herzegovina is still deeply divided, a direct consequence of not imposing the VOPP. The book reminds the international community and the people of Bosnia-Herzegovina that a unified structure for their country is still achievable.
We perform a comparative spatial analysis of inter-seismic earthquake production of rupture area and volume in southern California using observed seismicity and basic scaling relations from ...earthquake phenomenology and fracture mechanics. The analysis employs background events from a declustered catalog in the magnitude range 2≤M<4 to get temporally stable results representing activity during a typical inter-seismic period on all faults. Regions of high relative inter-seismic damage production include the San Jacinto fault, South Central Transverse Ranges especially near major fault junctions (Cajon Pass and San Gorgonio Pass), Eastern CA Shear Zone (ECSZ) and the Imperial Valley – Brawley seismic zone area. These regions are correlated with low velocity zones in detailed tomography studies. A quasi-linear zone with ongoing damage production extends between the Imperial fault and ECSZ and may indicate a possible future location of the main plate boundary in the area. The regions around the 1992 M6.1 Joshua Tree, M7.3 Landers and M6.3 Big Bear earthquakes have background seismic activity before 1990. This may represent a regional weakening process by damage production in future rupture zones. The depth of background seismicity and damage production decreases steadily from SW of the coastline to NE of the San Andreas fault, and also to the SE near the US–Mexico border. The seismicity and rock damage become more pronounced and continuous along-strike of main faults with increasing depth.
•We analyze inter-seismic earthquake production of rock damage in southern California.•Regions with ongoing activity beyond fluctuations associated with large events are highlighted.•The results can help separating rock damage and composition in seismic imaging studies.•Regions around several M>6 earthquakes have background damage production before their occurrence.
I study the overstatement of economic growth in autocracies by comparing self-reported GDP figures to night-time light recorded by satellites from outer space. I show that the night-time-light ...elasticity of GDP is larger in authoritarian regimes, even accounting for differences in multiple country characteristics. This autocracy gradient in the elasticity is greater when the incentive to exaggerate economic growth is stronger or when the constraints on exaggeration are weaker. The results suggest that autocracies overstate yearly GDP growth by approximately 35%. Adjusting the data for manipulation leads to a more nuanced view on the recent economic success of autocracies.
Even as the evidence of global warming mounts, the international response to this serious threat is coming unraveled. The United States has formally withdrawn from the 1997 Kyoto Protocol; other key ...nations are facing difficulty in meeting their Kyoto commitments; and developing countries face no limit on their emissions of the gases that cause global warming. In this clear and cogent book-reissued in paperback with an afterword that comments on recent events--David Victor explains why the Kyoto Protocol was never likely to become an effective legal instrument. He explores how its collapse offers opportunities to establish a more realistic alternative.
"The wars in Bosnia-Herzegovina and in neighboring Croatia and Kosovo grabbed the attention of the western world not only because of their ferocity and their geographic location, but also because of ...their timing. This violence erupted at the exact moment when the cold war confrontation was drawing to a close, when westerners were claiming their liberal values as triumphant, in a country that had only a few years earlier been seen as very well placed to join the west. In trying to account for this outburst, most western journalists, academics, and policymakers have resorted to the language of the premodern: tribalism, ethnic hatreds, cultural inadequacy, irrationality; in short, the Balkans as the antithesis of the modern west. Yet one of the most striking aspects of the wars in Yugoslavia is the extent to which the images purveyed in the western press and in much of the academic literature are so at odds with evidence from on the ground."-fromThe Myth of Ethnic War
V. P. Gagnon Jr. believes that the Yugoslav wars of the 1990s were reactionary moves designed to thwart populations that were threatening the existing structures of political and economic power. He begins with facts at odds with the essentialist view of ethnic identity, such as high intermarriage rates and the very high percentage of draft-resisters. These statistics do not comport comfortably with the notion that these wars were the result of ancient blood hatreds or of nationalist leaders using ethnicity to mobilize people into conflict.
Yugoslavia in the late 1980s was, in Gagnon's view, on the verge of large-scale sociopolitical and economic change. He shows that political and economic elites in Belgrade and Zagreb first created and then manipulated violent conflict along ethnic lines as a way to short-circuit the dynamics of political change. This strategy of violence was thus a means for these threatened elites to demobilize the population. Gagnon's noteworthy and rather controversial argument provides us with a substantially new way of understanding the politics of ethnicity.
We document a positive relation between firm‐specific investor sentiment (FSIS) and the value of cash. We also show that FSIS has a stronger positive effect on the value of cash than the value of ...other types of assets, suggesting that our finding is not a simple reflection of firm‐level overvaluation. Our finding is robust to alternative measures of change in cash, different cash regimes, FSIS measured by order imbalance, news sentiment and the tone of earnings conference call transcripts and controlling for market‐wide sentiment, institutional monitoring, corporate governance and endogeneity. Cross‐sectional analyses suggest that the positive relation between FSIS and the value of cash is stronger for firms with better future growth opportunities, larger investment, more innovation activities, higher information asymmetry and more liquid stocks. Overall, our paper sheds light on the important role of FSIS in corporate outcomes.