A theoretical and empirical examination of why political institutions and organizations matter in economic growth.

Reflecting the diverse and profound changes triggered by the latest wave of economic globalization, this book highlights various governance responses at national, regional and global levels. The topics covered are wide-ranging and include economic history and development, European integration, exchange rate arrangements, industrial and labor economics, international cooperation and multilateralism, and public choice. The book is divided into three parts: The first part, which contains contributions by Barry Eichengreen and Marc Flandreau, is devoted to economic history. The second part examines open economy macroeconomics with a focus on Europe, including contributions by Jurgen von Hagen and Paul Krugman. The third part presents contributions to international political economy, and related interdisciplinary topics. This Festschrift is written in honor of Jorge Braga de Macedo, Professor Emeritus of Economics at the Nova School of Business and Economics and a distinguished Portuguese academic whose work has an impressive global reach. The contributions, written by a selection of international authors, deal with his oeuvre covering the wide range of topics broached in this book, as his publication record amply attests.

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'. . . this volume is an excellent resource for those interested in the analysis of institutions' design and economic development. . .' - Oscar Alfranca, Progress in Development Studies The main theme of this study is the political economy of policy reform in less developed countries and post-socialist countries. Given the complexity of economic development and transition, Joachim Ahrens views failures in policy reform, poor public sector management, rent-seeking, corruption, and over-centralization as systematic, though not exclusive, instances of institutional failure.

Understanding the governance of nations is a key challenge in contemporaneous political economy. This book provides new advances and the latest research in the field of political economy, dealing with the study of institutions, governance, democracy and elections. The volume focuses on issues such as the role of institutions and political governance in society, the working of democracy and the electoral performance in several case studies. The chapters involve cutting edge research on many different countries, including the USA, Great Britain, Germany, Spain and the Third World. The authors of the chapters are leading scholars in political economy from America, Europe and Asia.

The classical models of international free trade that have long been championed by the US, have failed to produce the rapid growth, reduced poverty & stable societies that have been promised. William Tabb advocates a new financial architecture to meet the real needs of the world in the 21st century.

The main objective of this book is to analyse some of the major challenges of the world during the twenty-first century from a multidisciplinary perspective. Global problems do not always have a unique approach, and the study of these problems requires a research effort based on a rigorous and understandable methodology. From this idea, the works contained in each chapter demonstrate the existence of significant links between economics, politics and governance. This book is divided based on these three subjects. One part of the book contains a study of the global economic situation and its existing inequalities. From there, some challenges related to matters such as entrepreneurship and financial literacy will be addressed. On the other hand, political inequality and democratic shortcomings -- along with the international geopolitical reality -- are the common thread that tie together other chapters of the book. Both a national perspective and regional cross comparison are present within this book. Finally, different analyses related to governance complete the third block of this catalog. In this regard, the important influence that the economy and functioning policies have on the governance of states and decision making processes is noted.