Exchange rate policy has profound consequences for economic development, financial crises, and international political conflict. Some governments in the developing world maintain excessively weak and "undervalued" exchange rates, a policy that promotes export-led development but often heightens tensions with foreign governments. Many other developing countries "overvalue" their exchange rates, which increases consumers’ purchasing power but often reduces economic growth. In Demanding Devaluation, David Steinberg argues that the demands of powerful interest groups often dictate government decisions about the level of the exchange rate. Combining rich qualitative case studies of China, Argentina, South Korea, Mexico, and Iran with cross-national statistical analyses, Steinberg reveals that exchange rate policy is heavily influenced by a country’s domestic political arrangements. Interest group demands influence exchange rate policy, and national institutional structures shape whether interest groups lobby for an undervalued or an overvalued rate. A country’s domestic political system helps determine whether it undervalues its exchange rate and experiences explosive economic growth or if it overvalues its exchange rate and sees its economy stagnate as a result.

Politics and Economic Policy in the UK since 1964: The Jekyll and Hyde Years examines the economic policies that have been pursued by successive governments in Britain since 1964 and how such policies have been influenced by two sets of factors: politics and Keynesian demand management. The two basic failures of British economic policy since 1964 are highlighted, namely, the failure to establish a workable long-term incomes policy and the failure to achieve a high and stable rate of industrial investment. This book is comprised of seven chapters and begins with a background on the British economy until 1964, with emphasis on the economic problems faced by the country, including rising prices. The four basic objectives of economic policy to which both Labor and Conservative parties subscribe—full employment, a reasonably rapid growth rate, stable prices, and a satisfactory balance of payments—are discussed. The next chapter focuses on the Labor Party's 1964 Election Manifesto and how the economy fared from October 1964 to March 1966. Subsequent chapters evaluate the economic policies of the Labour government during the period April 1966-June 1970, including devaluation and incomes policy; economic policies adopted by the Conservative government from June 1970 to February 1974; and the country's economic situation since February 1974. The final chapter considers four factors—structural, technical, managerial, and political—that were responsible for much of what went wrong with the British economy since 1964. This monograph will be of interest to economists, political scientists, politicians, and economic policymakers.

The Research Handbook on Trade Wars presents an informative and in-depth account of the origins, dynamics, and implications of trade wars, which are growing both in scale and scope in today’s increasingly interdependent global economy. Providing the frameworks necessary for understanding the political and economic logics of trade wars, this Handbook will be a valuable source of reference for researchers, government officials, businesses, and post-graduate students interested in international political economy, international economics, economic statecraft, public policy, and international relations.

First published in 1937, French Indo- China presents a comprehensive account in English of the French colonization of Indo-China. The book does not attempt to give a chronological story nor has the same organization of material being used for all the countries studied. Rather, the aim has been to present cross sections of the problem as a method of studying mutual influences and reciprocal reactions. It discusses themes like history of Annam; the French administration of Indo-China; the economy of Indo- China; Indo-Chinese literature; Cambodia, Laos and the primitive tribes; and reaction to the French colonization of Indo-China. This book is an important reference work on French colonial history.

In 1974 India joined the elite roster of nuclear world powers when it exploded its first nuclear bomb. But the technological progress that facilitated that feat was set in motion many decades before, as India sought both independence from the British and respect from the larger world. Over the course of the twentieth century, India metamorphosed from a marginal place to a serious hub of technological and scientific innovation. It is this tale of transformation that Robert S. Anderson recounts in Nucleus and Nation. Tracing the long institutional and individual preparations for India’s first nuclear test and its consequences, Anderson begins with the careers of India’s renowned scientists—Meghnad Saha, Shanti Bhatnagar, Homi Bhabha, and their patron Jawaharlal Nehru—in the first half of the twentieth century before focusing on the evolution of the large and complex scientific community—especially Vikram Sarabhi—in the later part of the era. By contextualizing Indian debates over nuclear power within the larger conversation about modernization and industrialization, Anderson hones in on the thorny issue of the integration of science into the framework and self-reliant ideals of Indian nationalism. In this way, Nucleus and Nation is more than a history of nuclear science and engineering and the Indian Atomic Energy Commission; it is a unique perspective on the history of Indian nationhood and the politics of its scientific community.

This book is the first to consider the presence of history and the question of historical practice in Walter Benjamin's work. Benjamin, the critic and philosopher of history, was also the practitioner, the authors contend, and it is in the practice of historical writing that the materialist aspect of his thought is most evident. Some of the essays analyze Benjamin's writings in cultural history and the philosophy of history. Others connect his historical and theoretical practices to issues in contemporary feminism and post-colonial studies, and to cultural contexts including the United States, Japan, and Hong Kong. In different ways, the authors all find in Benjamin's specific notion of historical materialism a dialectic between textual and cultural analysis which can reinvigorate the relation between literary and historical studies.

An exploration of the factors behind neoliberalism’s resilience in developing economies and what this could mean for democracy’s future Since the 1980s, neoliberalism has withstood repeated economic shocks and financial crises to become the hegemonic economic policy worldwide. Why has neoliberalism remained so resilient? What is the relationship between this resiliency and the backsliding of Western democracy? Can democracy survive an increasingly authoritarian neoliberal capitalism? Neoliberal Resilience answers these questions by bringing the developing world’s recent history to the forefront of our thinking about democratic capitalism’s future. Looking at four decades of change in four countries once considered to be leading examples of effective neoliberal policy in Latin America and Eastern Europe—Argentina, Chile, Estonia, and Poland—Aldo Madariaga examines the domestic actors and institutions responsible for defending neoliberalism. Delving into neoliberalism’s political power, Madariaga demonstrates that it is strongest in countries where traditional democratic principles have been slowly and purposefully weakened. He identifies three mechanisms through which coalitions of political, institutional, and financial forces have propagated neoliberalism’s success: the privatization of state companies to create a supporting business class, the use of political institutions to block the representation of alternatives in congress, and the constitutionalization of key economic policies to shield them from partisan influence. Madariaga reflects on today’s most pressing issues, including the influence of increasing austerity measures and the rise of populism. A comparative exploration of political economics at the peripheries of global capitalism, Neoliberal Resilience investigates the tensions between neoliberalism’s longevity and democracy’s gradual decline.

The book sheds new light on the history of the Eurozone crisis and provides crucial lessons for the way forward.

Offering a new political theory combining elements from the Marxist and liberal traditions, this book presents a disturbing view of the contemporary state at war with itself. This internal conflict stems from the state's having the double task of spurring on the economy and protecting the welfare and rights of all its citizens. Such conflict does not end at national boundaries but extends through the system of any imperial state. This perspective illuminates the fractures and instability within the imperial system.