'South of the Crisis' examines why and how global capitalism has entered a phase of unsustainable crises of accumulation and legitimacy, and looks at various solutions to such crises, from mild reform to radical overhaul.

The book then examines the various scenarios from a Latin American perspective, arguing that the continent is a 'garden of forking paths' rather than a homogeneous area, and that different countries are likely to try diverse experiments in adapting to the crisis - with significantly different outcomes.

One common challenge faced by all Latin American...

After his death Thorstein Veblen was hailed as America s Darwin and Marx and is normally portrayed as the perennial iconoclast. He severely criticised traditional economics and attempted to create an alternative approach based on a much more complex view of human beings. He is one of the most celebrated economists of our age and has been the inspiration for many books; the predatory version of capitalism we now again experience, the phenomenon of studying cultures of consumption and the darker sides of gilded ages can be traced back to Veblen.

A conference in Veblen s ancestral...

How did the US financial crisis snowball into USD 15 trillion global losses? This book offers a clear synthesis and original analysis of the various factors that led to the financial crisis of 2007-2010 - namely, an asset price bubble and excessive leverage. The focus is on the ingredients of and dynamics within the international financial system, and as such is the most comprehensive publication in scope to date in terms of market, country and instrument coverage. In addition to its thorough dissection of the causes and consequences of the most calamitous financial crisis in the past...

The BRICS countries - Brazil, Russia, India, China and South Africa - are currently at the crossroads of major structural economic and political changes. This book provides a comparative analysis of the national innovation systems of the five BRICS countries and the trends in each of their science, technology and innovation policies. The BRICS Project was a workshop launched as part of the Globelics Scientific Committee, a global research network on the economics of learning, innovation and competence. The BRICS Project identifies and analyses development opportunities; highlights common...

After almost twenty-five years of experimenting with the neo-liberal economic reforms collectively known as 'Washington Consensus' policies, Latin Americans are starting to re-assess the merits of these policies - at the voting booth. Many newly elected governments are beginning to scrutinize the role of foreign direct investment (FDI) in particular, and some nations have gone so far as to nationalize foreign firms. Without endorsing or condoning the actions taken by these governments, this volume demonstrates that it is quite rational for governments in the region to re-evaluate the role...

The essays in this volume explain how financial inflation shifts banking and financial markets towards more speculative activity, changing the financial structure of the economy and corroding the social and political values that underlie welfare state capitalism. The essays begin with an article that was published in the Financial Times that highlights the problems of excess debt, which emerges when financial inflation exceeds the rate at which prices and incomes are rising.

Subsequent essays examine the consequences of this for money and international financial, and for financial...

The essays in this volume explain how financial inflation shifts banking and financial markets towards more speculative activity, changing the financial structure of the economy and corroding the social and political values that underlie welfare state capitalism. The essays begin with an article that was published in the Financial Times that highlights the problems of excess debt, which emerges when financial inflation exceeds the rate at which prices and incomes are rising.

Subsequent essays examine the consequences of this for money and international financial, and for financial...

'The WTO and its Development Obligation: Prospects for Global Trade' presents a sound argument in favour of the WTO adhering to its long-standing development obligation. Ezeani goes further than merely highlighting the problems of developing country integration, and provides a comprehensive analysis of the underlying factors that are preventing developing countries from making meaningful gains through participation in global trade. She assesses the effectiveness of current 'development-based' programmes of the WTO as well as the DSB, and stresses the importance for developing countries of...

'Globalization, the Human Condition and Sustainable Development in the Twenty-first Century: Cross-national Perspectives and European Implications' is a cross-national, 175 nation based exploration of the deep crisis in which Europe currently finds itself. Investigating the effects of dependency theory and world systems theory upon the global success of eight dimensions of development - including democracy, environmental sustainability, employment, social cohesion, high quality tertiary education and gender justice - this study argues that the current European crisis has been precipitated...