What explains the international mobility of workers from developing to advanced societies? Why do workers move from one region to another? Theoretically, the supply of workers in a given region and the demand for them in another account for the international mobility of laborers. Job seekers from less developed regions migrate to more advanced countries where technological and productive transformations have produced a shortage of laborers. Using the Dominican labor force in New York as a case study, Ramona Hernández challenges this presumption of a straightforward relationship between supply and demand in the job markets of the receiving society. She contends that the traditional correlation between migration and economic progress does not always hold true. Once transplanted in New York City, Hernández shows, Dominicans have faced economic hardship as the result of high levels of unemployment and underemployment and the reality of a changing labor market that increasingly requires workers with skills and training they do not have. Rather than responding to a demand in the labor market, emigration from the Dominican Republic was the result of a de facto government policy encouraging poor and jobless people to leave—a policy in which the United States was an accomplice because the policy suited its economic and political interests in the region.

Using Dominicans in New York City as a case study, Ramona Hern?ndez challenges the old belief that workers necessarily migrate from one region to another because of supply and demand or because of a de facto government policy to make people leave or stay. As a result, she shows that the traditional correlation between migration and economic progress does not always hold true.

Spiralling inequality since the 1970s and the global financial crisis of 2008 have been the two most important challenges to democratic capitalism since the Great Depression. To understand the political economy of contemporary Europe and America we must, therefore, put inequality and crisis at the heart of the picture. In this innovative new textbook Mattias Vermeiren does just this, demonstrating that both the global financial crisis and the European sovereign debt crisis resulted from a mutually reinforcing but ultimately unsustainable relationship between countries with debt-led and export-led growth models, models fundamentally shaped by soaring income and wealth inequality. He traces the emergence of these two growth models by giving a comprehensive overview, deeply informed by the comparative and international political economy literature, of recent developments in the four key domains that have shaped the dynamics of crisis and inequality: macroeconomic policy, social policy, corporate governance and financial policy. He goes on to assess the prospects for the emergence of a more egalitarian and sustainable form of democratic capitalism. This fresh and insightful overview of contemporary Western capitalism will be essential reading for all students and scholars of international and comparative political economy.

Originally published in 1984. At that time many formerly prosperous regions were becoming impoverished and many former "core" areas were being demoted to peripheral status. This book considers this crisis, its nature and manifestations and its implications. It looks in particular at how the regional crisis affects the socialist analysis of capitalism and it analyses how the crisis affects the political outlook and political actions of the working class in afflicted regions. The theories and analysis put forward apply throughout the world in both advanced and less developed countries.

An incisive history of the changing relationship between democracy and capitalism The twentieth century witnessed the triumph of democratic capitalism in the industrialized West, with widespread popular support for both free markets and representative elections. Today, that political consensus appears to be breaking down, disrupted by polarization and income inequality, widespread dissatisfaction with democratic institutions, and insurgent populism. Tracing the history of democratic capitalism over the past two centuries, Carles Boix explains how we got here—and where we could be headed. Boix looks at three defining stages of capitalism, each originating in a distinct time and place with its unique political challenges, structure of production and employment, and relationship with democracy. He begins in nineteenth-century Manchester, where factory owners employed unskilled laborers at low wages, generating rampant inequality and a restrictive electoral franchise. He then moves to Detroit in the early 1900s, where the invention of the modern assembly line shifted labor demand to skilled blue-collar workers. Boix shows how growing wages, declining inequality, and an expanding middle class enabled democratic capitalism to flourish. Today, however, the information revolution that began in Silicon Valley in the 1970s is benefitting the highly educated at the expense of the traditional working class, jobs are going offshore, and inequality has risen sharply, making many wonder whether democracy and capitalism are still compatible. Essential reading for these uncertain times, Democratic Capitalism at the Crossroads proposes sensible policy solutions that can help harness the unruly forces of capitalism to preserve democracy and meet the challenges that lie ahead.

Tipping Point for Advanced Capitalism is a pathbreaking study of the changing class makeup of the Canadian, other G7 and Nordic labour forces since the 1980s, documenting especially the rise of non-managerial professional employees. The book provides unprecedented tracking of the links between employment classes and higher levels of class consciousness, including the often hidden political consciousness of corporate capitalists as well as the extent of oppositional and revolutionary consciousness among non-managerial workers. The large differences exposed between class conscious capitalists and these non-managerial workers on issues of poverty reduction and global warming reveal the strategic roles these key class agents play in actions to defend or transform advanced capitalism. The most concerted evidence-based study to bring class back into grasping the intimately linked ecological, economic and political crises we now face.

Volume 17 of Advances in the Economic Analysis of Participatory and Labor-Managed Firms provides detailed analysis on standard econometric studies to new institutional economics to behavioral economics.