With the creation of the Mediterranean partnership and the recent move towards the creation of the Union for the Mediterranean in 2008, a new emphasis is placed on the Mediterranean in the study of European Integration. This book brings together a collection of experts to address this important new area of study and discuss issues such as development, aid, labour, markets, human capital investment, Europeanization and institutional reform.

Mediterranean Capitalism Revisited brings together leading experts on the political economies of southern Europe—specifically Greece, Italy, Spain, and Portugal—to closely analyze and explain the primary socioeconomic and institutional features that define "Mediterranean capitalism" within the wider European context. These economies share a number of features, most notably their difficulties to provide viable answers to the challenge of globalization. By examining and comparing such components as welfare, education and innovation policies, cultural dimensions, and labor market regulation, Mediterranean Capitalism Revisited attends to both commonalities and divergences between the four countries, identifying the main reasons behind the poor performance of their economies and slow recovery from the Great Recession of 2007–2008. This volume also sheds light on the process of diversification among the four countries and addresses whether it did and still does make sense to speak of a uniquely Mediterranean model of capitalism. Contributors: Alexandre Afonso, Leiden University; Lucio Baccaro, Max Planck Institute for the Study of Societies; Rui Branco, NOVA University of Lisbon; Fabio Bulfone, Max Planck Institute for the Study of Societies; Giliberto Capano, University of Bologna; Sabrina Colombo, University of Milan; Lisa Dorigatti, University of Milan; Ana M. Guillén, University of Oviedo; Matteo Jessoula, University of Milan; Andrea Lippi, University of Florence; Manos Matsaganis, Polytechnic University of Milan; Oscar Molina, Autonomous University of Barcelona; Manuela Moschella, Scuola Normale Superiore; Sofia A. Pérez, Boston University; Gemma Scalise, University of Bergamo; Arianna Tassinari, Max Planck Institute for the Study of Societies.

Applying the demand-led growth models framework, this book examines the recent macroeconomic performance of the key Mediterranean economies – Italy, Spain, Portugal and Greece – including the responses to the economic and financial crisis (2008), the debt crisis (2010) and the COVID-19 crisis (2020). As the book explains, the central idea of the growth model approach is that the widespread breakdown of the old labor institutions, such as the existence of strong unions, centralized wage bargaining and the participation of the workforce in corporate governance, has led to a fall in the wage share and a rise in inequality in most advanced economies. Thus, the two main contemporary growth models are usually characterized as debt-led and export-led. In both models, the same processes that cumulatively drive growth, such as over-consumption, also simultaneously undermine the foundations on which this expansion takes hold. The book examines the extent to which these processes hold true for Mediterranean economics and explores the key factors of their economies including productive capacity, growth of aggregate demand components, wage-led or profit-led regimes, personal income distribution, the foreign sector, the financial sector, labor relations, the labor market and welfare states. In particular, the book examines whether policy responses and state interventions in recent years have led to a divergence between the economies. To what extent are these changes transforming the existing growth models? Are we facing a change in the Mediterranean model or the disappearance of the Mediterranean bloc as a whole? This book marks a significant addition to the literature on the economics and politics of Southern Europe and the fields of political economy, comparative economics, and macroeconomics more broadly.

Examines how rising economic integration with Europe impacts Tunisia and Morocco.

Enclosing Water is an environmental history of the Industrial Revolution, as inscribed on the Liri valley in Italy's Central Apennines. Amid forces of revolution and empire, and Enlightenment discourses of 'improvement' and political economy, the Liri's natural wealth - waterpower - generated sweeping changes in its landscape and working and living environments. This book tells the story of how defining water as property - both materially and discursively - led to the emergence of an industrial riverscape, and of a concomitant new ecological consciousness; to heightened environmental risks and awareness of those risks. A dramatic century in the Liri's socio-environmental history, with its cast of new industrial bourgeoisie, engineers and civil servants, illuminates how material developments and ideological currents completely reshaped the relationship between society and nature at the periphery of 19th century Europe. By integrating Political Economy into the narrative of European environmental history, this pioneering book offers a critical new view of discourses of water disorder and environmental politics in the Mediterranean region.

The Mediterranean space, defined by a major sea, a large number of littoral countries and to some extent their hinterlands, is at the same time an interface between Europe, Africa and Asia. This brings complex challenges in terms of achieving peace and stability. Recently it has received intense international attention through the internal destructiveness and spill-over from conflicts, primarily those waged in Libya, Syria and, more remotely, Iraq. This Handbook provides an overview of the political processes that shape the Mediterranean region in the contemporary context. It explores the issues of crucial importance to Mediterranean dynamics through a series of analytical sections that guide the reader towards a comprehensive understanding of the main regional interactions and trends. The Handbook explores: the complex historical formation of the contemporary Mediterranean geopolitical perspectives issues around peace and conflict the political economy of the region the role of non-state actors and social movements societal and cultural trends. The wide range of contributions from many of the leading academic experts on the region offers not only insights into the debates and processes that structure each theme, but also key pointers for a more general understanding of how distinct political, economic, social and cultural dynamics interact across the region. It will therefore be a key resource for policy-makers and students and scholars of Mediterranean politics and international relations.

Against the backdrop of England's emergence as a major economic power, the development of early modern capitalism in general and the transformation of the Mediterranean, Maria Fusaro presents a new perspective on the onset of Venetian decline. Examining the significant commercial relationship between these two European empires during the period 1450–1700, Fusaro demonstrates how Venice's social, political and economic circumstances shaped the English mercantile community in unique ways. By focusing on the commercial interaction between Venice and England, she also re-establishes the analysis of the maritime political economy as an essential constituent of the Venetian state political economy. This challenging interpretation of some classic issues of early modern history will be of profound interest to economic, social and legal historians, and provides a stimulating addition to current debates in imperial history, especially on the economic relationship between different empires and the socio-economic interaction between 'rulers and ruled'.

Mass tourism is one of the most striking developments in postwar western societies, involving economic, social, cultural, and anthropological factors. For many countries it has become a significant, if not the primary, source of income for the resident population. The Mediterranean basin, which has long been a very popular destination, is explored here in the first study to scrutinize the region as a whole and over a long period of time. In particular, it investigates the area’s economic and social networks directly involved in tourism, which includes examining the most popular spots that attract tourists and the crucial actors, such as hotel entrepreneurs, travel agencies, charter companies, and companies developing seaside resort networks. This important volume presents a fascinating picture of the economics of tourism in one of the world’s most visited destinations.

The development of European unification has reached a critical stage. Despite 75 years of peace, increases in welfare, and growth since World War 2, there is now a growing scepticism of the European agenda from various quarters, most notably embodied in the exit of the United Kingdom from the European Union. To fully understand the dynamics at work, this book presents an introduction to the development of the political economy of Europe from 1900 to 2020. The first part of the book provides an overview of European economic and political history from 1900 to the present. It is clear from this history that Europe’s population, and most notably its leaders, have been deeply influenced by ideology during this time. This sets the context for the second part of the book, which takes a closer look at some major paradigms framing European dynamics: (1) the market-oriented paradigm, (2) Marx’s paradigm, and (3) the fascist paradigm. In this part, the essential core of each of these paradigms is presented and critiqued. In the third part, the current bottlenecks of European evolution (the migration crisis, Brexit, rise of new Fascism, the climate crisis, the COVID-19 pandemic) are investigated in the light of a possible emergence of a new scientific paradigm. Europe’s role in the global division of labour – its possibility to serve as a role model for the advantages of democratically governing a highly diverse set of populations – is also explained. This book is an ideal text for students undertaking courses on the political economy of Europe in either economics or politics departments.

A comprehensive analysis of economic transition between the later Roman empire and Charlemagne's reigne.