Daniel Mertens - Böcker

National development banks (NDBs) have transformed from outdated relics of national industrial policy to central pillars of the European Union's economic project. This trend, which accelerated after the Financial Crisis of 2007, has led to a proliferation of NDBs with an expanded size and scope. However, it is surprising that the EU -- which has championed market-oriented governance and strict competition policy -- has actually advocated for an expansion of NDBs. This book therefore asks, Why has the EU supported an increased role for NDBs, and how can we understand the dynamics between NDBs and European incentives and constraints? To answer these questions, the contributing authors analyze the formation and evolution of a field of development banking within the EU, identifying a new field around an innovative conceptualization of state-backed financing for the purposes of policy implementation. Yet rather than focusing solely on national development banks, the authors instead broaden the focus to the entire ecosystem of the field of development banking, which includes political institutions (both in Brussels and in the member states), financing vehicles (such as the Juncker Plan), regulatory bodies (Directorate-General for Competition, Directorate-General for Economic and Financial Affairs), and commercial actors. Seven in-depth case studies on European NDBs, along with three chapters on European-level actors, detail this field of development banking, and answer the questions of when, where, and how development banking occurs within the EU.

This Element seeks to develop an empirical research agenda that explores the applicability of the growth model perspective in comparative political economy to emerging capitalist economies (ECEs). Such an approach emphasizes the variety of possible growth models and their implications for development, providing an alternative to universalizing economic models as prevalent in mainstream development discourse. Using national accounts data for several large ECEs in the period from 2001 to 2022, the authors first propose a typology of peripheral growth models with varying degrees of economic vulnerability. Most notably, they add an investment-led model to the prevalent juxtaposition of consumption-led and export-led growth models. Subsequently, they employ several case vignettes from Brazil, Indonesia, South Africa, Turkey, Thailand and Vietnam to unpack the effects of volatile international interdependencies, such as commodity cycles, and diverse political underpinnings on peripheral growth models. This title is also available as open access on Cambridge Core.

This Element seeks to develop an empirical research agenda that explores the applicability of the growth model perspective in comparative political economy to emerging capitalist economies (ECEs). Such an approach emphasizes the variety of possible growth models and their implications for development, providing an alternative to universalizing economic models as prevalent in mainstream development discourse. Using national accounts data for several large ECEs in the period from 2001 to 2022, the authors first propose a typology of peripheral growth models with varying degrees of economic vulnerability. Most notably, they add an investment-led model to the prevalent juxtaposition of consumption-led and export-led growth models. Subsequently, they employ several case vignettes from Brazil, Indonesia, South Africa, Turkey, Thailand and Vietnam to unpack the effects of volatile international interdependencies, such as commodity cycles, and diverse political underpinnings on peripheral growth models. This title is also available as open access on Cambridge Core.

Financialization has become the go-to term for scholars grappling with the growth of finance. This Handbook offers the first comprehensive survey of the scholarship on financialization, connecting finance with changes in politics, technology, culture, society and the economy.It takes stock of the diverse avenues of research that comprise financialization studies and the contributions they have made to understanding the changes in contemporary societies driven by the rise of finance. The chapters chart the field’s evolution from research describing and critiquing the manifestations of financialization towards scholarship that pinpoints the driving forces, mechanisms and boundaries of financialization. Written for researchers and students not only in economics but from across the social sciences and the humanities, this book offers a decidedly global and pluri-disciplinary view on financialization for those who are looking to understand the changing face of finance and its consequences.

Financialization has become the go-to term for scholars grappling with the growth of finance. This Handbook offers the first comprehensive survey of the scholarship on financialization, connecting finance with changes in politics, technology, culture, society and the economy.It takes stock of the diverse avenues of research that comprise financialization studies and the contributions they have made to understanding the changes in contemporary societies driven by the rise of finance. The chapters chart the field’s evolution from research describing and critiquing the manifestations of financialization towards scholarship that pinpoints the driving forces, mechanisms and boundaries of financialization. Written for researchers and students not only in economics but from across the social sciences and the humanities, this book offers a decidedly global and pluri-disciplinary view on financialization for those who are looking to understand the changing face of finance and its consequences.

This textbook offers a comprehensive introduction to Political Economy. Drawing on the work of Karl Polanyi, the book shows how capitalist economies differ around the globe and how they are embedded in the international economic order.

This textbook offers a comprehensive introduction to Political Economy. It combines comparative, international and historical perspectives into a holistic framework of analysis. Drawing on the work of Karl Polanyi, the book shows how capitalist economies differ around the globe and how they are embedded in the international economic order. Through a critical-institutionalist lens, it helps to account for the evolution of contemporary capitalism and addresses current topics at the intersection of political science and economics. Students and instructors can draw on supplementary material, such as Power Point slides with all figures and tables as well as the Springer Nature Flashcards app with exercises.

Durch seine kritisch-institutionalistische Herangehensweise hilft das Buch, die Dynamiken des Kapitalismus in den letzten 100 Jahren und gegenwärtige Problemfelder im Bereich Politik und Wirtschaft zu erklären und zu verstehen.