Would improving the economic, social, and political condition of the world''s disadvantaged people slow--or accelerate--environmental degradation? In Inequality, Cooperation, and Environmental Sustainability, leading social scientists provide answers to this difficult question, using new research on the impact of inequality on environmental sustainability. The contributors'' findings suggest that inequality may exacerbate environmental problems by making it more difficult for individuals, groups, and nations to cooperate in the design and enforcement of measures to protect natural assets ranging from local commons to the global climate. But a more equal division of a given amount of income could speed the process of environmental degradation--for example, if the poor value the preservation of the environment less than the rich do, or if the consumption patterns of the poor entail proportionally greater environmental degradation than that of the rich. The contributors also find that the effect of inequality on cooperation and environmental sustainability depends critically on the economic and political institutions governing how people interact, and the technical nature of the environmental asset in question. The contributors focus on the local commons because many of the world''s poorest depend on them for their livelihoods, and recent research has made great strides in showing how private incentives, group governance, and government policies might combine to protect these resources.

Can the welfare state survive in an economically integrated world? Many have argued that globalization has undermined national policies to raise the living standards and enhance the economic opportunities of the poor. This book, by sixteen of the world''s leading authorities in international economics and the welfare state, suggests a surprisingly different set of consequences: Globalization does not preclude social insurance and egalitarian redistribution--but it does change the mix of policies that can accomplish these ends. Globalization and Egalitarian Redistribution demonstrates that the free flow of goods, capital, and labor has increased the inequality or volatility of labor earnings in advanced industrial societies--while constraining governments'' ability to tax the winners from globalization to compensate workers for their loss. This flow has meanwhile created opportunities for enhancing the welfare of the less well off in poor and middle-income countries. Comprising eleven essays framed by the editors'' introduction and conclusion, this book represents the first systematic look at how globalization affects policies aimed at reducing inequalities. The contributors are Keith Banting, Pranab Bardhan, Carles Boix, Samuel Bowles, Minsik Choi, Richard Johnston, Covadonga Meseguer Yebra, Karl Ove Moene, Layna Mosley, Claus Offe, Ugo Pagano, Adam Przeworski, Kenneth Scheve, Matthew J. Slaughter, Stuart Soroka, and Michael Wallerstein.

A comparative look at the astonishing economic rise of modern China and IndiaThe recent economic rise of China and India has attracted a great deal of attention—and justifiably so. Together, the two countries account for one-fifth of the global economy and are projected to represent a full third of the world''s income by 2025. Yet, many of the views regarding China and India''s market reforms and high growth have been tendentious, exaggerated, or oversimplified. Awakening Giants, Feet of Clay scrutinizes the phenomenal rise of both nations, and demolishes the myths that have accumulated around the economic achievements of these two giants in the last quarter century. Exploring the challenges that both countries must overcome to become true leaders in the international economy, Pranab Bardhan looks beyond short-run macroeconomic issues to examine and compare China and India''s major policy changes, political and economic structures, and current general performance.Bardhan investigates the two countries'' economic reforms, each nation''s pattern and composition of growth, and the problems afflicting their agricultural, industrial, infrastructural, and financial sectors. He considers how these factors affect China and India''s poverty, inequality, and environment, how political factors shape each country''s pattern of burgeoning capitalism, and how significant poverty reduction in both countries is mainly due to domestic factors—not global integration, as most would believe. He shows how authoritarianism has distorted Chinese development while democratic governance in India has been marred by severe accountability failures.Full of valuable insights, Awakening Giants, Feet of Clay provides a nuanced picture of China and India''s complex political economy at a time of startling global reconfiguration and change.

Would improving the economic, social, and political condition of the world''s disadvantaged people slow--or accelerate--environmental degradation? In Inequality, Cooperation, and Environmental Sustainability, leading social scientists provide answers to this difficult question, using new research on the impact of inequality on environmental sustainability. The contributors'' findings suggest that inequality may exacerbate environmental problems by making it more difficult for individuals, groups, and nations to cooperate in the design and enforcement of measures to protect natural assets ranging from local commons to the global climate. But a more equal division of a given amount of income could speed the process of environmental degradation--for example, if the poor value the preservation of the environment less than the rich do, or if the consumption patterns of the poor entail proportionally greater environmental degradation than that of the rich. The contributors also find that the effect of inequality on cooperation and environmental sustainability depends critically on the economic and political institutions governing how people interact, and the technical nature of the environmental asset in question. The contributors focus on the local commons because many of the world''s poorest depend on them for their livelihoods, and recent research has made great strides in showing how private incentives, group governance, and government policies might combine to protect these resources.

Can the welfare state survive in an economically integrated world? Many have argued that globalization has undermined national policies to raise the living standards and enhance the economic opportunities of the poor. This book, by sixteen of the world''s leading authorities in international economics and the welfare state, suggests a surprisingly different set of consequences: Globalization does not preclude social insurance and egalitarian redistribution--but it does change the mix of policies that can accomplish these ends. Globalization and Egalitarian Redistribution demonstrates that the free flow of goods, capital, and labor has increased the inequality or volatility of labor earnings in advanced industrial societies--while constraining governments'' ability to tax the winners from globalization to compensate workers for their loss. This flow has meanwhile created opportunities for enhancing the welfare of the less well off in poor and middle-income countries. Comprising eleven essays framed by the editors'' introduction and conclusion, this book represents the first systematic look at how globalization affects policies aimed at reducing inequalities. The contributors are Keith Banting, Pranab Bardhan, Carles Boix, Samuel Bowles, Minsik Choi, Richard Johnston, Covadonga Meseguer Yebra, Karl Ove Moene, Layna Mosley, Claus Offe, Ugo Pagano, Adam Przeworski, Kenneth Scheve, Matthew J. Slaughter, Stuart Soroka, and Michael Wallerstein.

A comparative look at the astonishing economic rise of modern China and IndiaThe recent economic rise of China and India has attracted a great deal of attention—and justifiably so. Together, the two countries account for one-fifth of the global economy and are projected to represent a full third of the world''s income by 2025. Yet, many of the views regarding China and India''s market reforms and high growth have been tendentious, exaggerated, or oversimplified. Awakening Giants, Feet of Clay scrutinizes the phenomenal rise of both nations, and demolishes the myths that have accumulated around the economic achievements of these two giants in the last quarter century. Exploring the challenges that both countries must overcome to become true leaders in the international economy, Pranab Bardhan looks beyond short-run macroeconomic issues to examine and compare China and India''s major policy changes, political and economic structures, and current general performance.Bardhan investigates the two countries'' economic reforms, each nation''s pattern and composition of growth, and the problems afflicting their agricultural, industrial, infrastructural, and financial sectors. He considers how these factors affect China and India''s poverty, inequality, and environment, how political factors shape each country''s pattern of burgeoning capitalism, and how significant poverty reduction in both countries is mainly due to domestic factors—not global integration, as most would believe. He shows how authoritarianism has distorted Chinese development while democratic governance in India has been marred by severe accountability failures.Full of valuable insights, Awakening Giants, Feet of Clay provides a nuanced picture of China and India''s complex political economy at a time of startling global reconfiguration and change.