JS Mill and Liberal Imperialism: the Architecture of a Democratization Theorem
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“Trade Liberalization” in the Encyclopedia of Global Business
TRADE LIBERALIZATION Encyclopedia of Global Business in Today’s World by BEYZA URAL MARCHAND1 Assistant Professor Department of Economics University of Alberta June 2008 1 Contact: 7-12 HM Tory, University of Alberta, Edmonton, AB T6G2H4 Canada. Phone: 001-780-492-7628. Email: [email protected]. 1 The purpose of this entry is to provide descriptions and explanations of basic concepts on trade liberalization, and briefly introduce the main issues. Trade liberalization is a very broad subject, connected to virtually every aspect of the domestic economy, as well as economies of trading partners. In the entire literature of globalization, liberalization of trade constitutes a significant part. However, due to binding restrictions on the entry, the coverage will be restricted to two major eras of liberalization, protectionism and trade agreements. TRADE LIBERALIZATION Trade liberalization refers to a significant reduction or removal of trade barriers that restrict a country’s international trade. These trade barriers include tariffs, non-tariff barriers (such as quotas and other government-imposed regulations), subsidies (such as those on production and exports), and other restrictive trade instruments. In general, the liberalization of trade entails a greater integration with global markets. In the 1980s, many developing countries implemented trade liberalization as a part of a structural adjustment program offered by the International Monetary Fund (IMF) and the World Bank (WB). Following the oil crisis of the 1970s, countries that had run high debt-to-GDP ratios and high current account deficits, such as Argentina, Brazil, Colombia, Mexico, and Turkey, were unable to continue their development strategies that relied heavily on foreign investments. -
Liberalization, Privatization, Globalization
Liberalization, Privatization, Globalization General Economics Reasons for implementing LPG Excess of consumption and expenditure over revenue resulting in heavy government borrowings. Growing inefficiency in the use of resources. Over protection to industry Mismanagement of firms and the economy Mounting losses of public sector enterprises General Economics:Liberalization,Privatization,Globa lization 2 Reasons for implementing LPG Various distortions like poor technological development shortage of foreign exchanges; and imprudent borrowings from abroad and mismanagement of foreign exchange reserves. Low foreign exchange reserves. Burden of national debt. Inflation. General Economics:Liberalization,Privatization,Globa lization 3 Liberalization Liberalization refers to relaxation of previous government restrictions usually in areas of social and economic policies. Thus, when government liberalizes trade it means it has removed the tariff, subsidies and other restrictions on the flow of goods and services between countries. General Economics:Liberalization,Privatization,Globa lization 4 Privatisation It refers to the transfer of assets or service functions from public to private ownership or control and the opening of the hitherto closed areas to private sector entry. Privatisation can be achieved in many ways- franchising, leasing, contracting and divesture. General Economics:Liberalization,Privatization,Globa lization 5 Conditions for privatisaton Liberalisation and de-regulation of the economy is an essential pre- requisite if privatisation is to take off and help realize higher productivity and profits. General Economics:Liberalization,Privatization,Globa lization 6 Conditions for privatisaton Capital markets should be sufficiently developed to be able to absorb the disinvested public sector shares. General Economics:Liberalization,Privatization,Globa lization 7 Arguments in favour of privatisation Privatisation will help reducing the burden on exchequer. -
Economic Freedom” and Economic Growth: Questioning the Claim That Freer Markets Make Societies More Prosperous
Munich Personal RePEc Archive “Economic freedom” and economic growth: questioning the claim that freer markets make societies more prosperous Cohen, Joseph N City University of New York, Queens College 27 September 2011 Online at https://mpra.ub.uni-muenchen.de/33758/ MPRA Paper No. 33758, posted 27 Sep 2011 18:38 UTC “Economic Freedom” and Economic Growth: Questioning the Claim that Freer Markets Make Societies More Prosperous Joseph Nathan Cohen Department of Sociology City University of New York, Queens College 65-30 Kissena Blvd. Flushing, New York 11367 [email protected] Abstract A conventional reading of economic history implies that free market reforms rescued the world’s economies from stagnancy during the 1970s and 1980s. I reexamine a well-established econometric literature linking economic freedom to growth, and argue that their positive findings hinge on two problems: conceptual conflation and ahistoricity. When these criticisms are taken seriously, a very different view of the historical record emerges. There does not appear to be enduring relationship between economic liberalism and growth. Much of the observed relationship between these two variables involves a one-shot transition to freer markets around the Cold War’s end. Several concurrent changes took place in this historical context, and it is hasty to conclude that it was market liberalization alone that produced the economic turnaround of the 1990s and early-2000s. I also question market fundamentalists’ view that all forms of liberalization are helpful, arguing that the data show little to no benefit from reforms that did not attract foreign investment. Word Count: 6,698 (excl. -
Unfree Labor, Capitalism and Contemporary Forms of Slavery
Unfree Labor, Capitalism and Contemporary Forms of Slavery Siobhán McGrath Graduate Faculty of Political and Social Science, New School University Economic Development & Global Governance and Independent Study: William Milberg Spring 2005 1. Introduction It is widely accepted that capitalism is characterized by “free” wage labor. But what is “free wage labor”? According to Marx a “free” laborer is “free in the double sense, that as a free man he can dispose of his labour power as his own commodity, and that on the other hand he has no other commodity for sale” – thus obliging the laborer to sell this labor power to an employer, who possesses the means of production. Yet, instances of “unfree labor” – where the worker cannot even “dispose of his labor power as his own commodity1” – abound under capitalism. The question posed by this paper is why. What factors can account for the existence of unfree labor? What role does it play in an economy? Why does it exist in certain forms? In terms of the broadest answers to the question of why unfree labor exists under capitalism, there appear to be various potential hypotheses. ¾ Unfree labor may be theorized as a “pre-capitalist” form of labor that has lingered on, a “vestige” of a formerly dominant mode of production. Similarly, it may be viewed as a “non-capitalist” form of labor that can come into existence under capitalism, but can never become the central form of labor. ¾ An alternate explanation of the relationship between unfree labor and capitalism is that it is part of a process of primary accumulation. -
The Evolution and Ideology of Global Constitutionalism
California Law Review VOL. 99 OCTOBER 2011 No. 5 Copyright @2011 by California Law Review, Inc., a California Nonprofit Corporation The Evolution and Ideology of Global Constitutionalism David S. Law* & Mila Versteeg** It has become almost universal practice for countries to adopt formal constitutions. Little is known empirically, however, about the evolution of this practice on a global scale. Are constitutions unique and defining statements of national aspiration and identity? Or are they standardized documents that vary only at the margins, in predictable and patterned ways? Are constitutions becoming increasinglysimilar or dissimilarover time, or is there no discernible overall pattern to their development? Until very recently, scholars have lacked even basic empirical data on the content of the world's Copyright C 2011, David S. Law & Mila Versteeg. * Professor of Law and Professor of Political Science, Washington University in St. Louis; Visiting Scholar, New York University School of Law; Visiting Professor and Fulbright Scholar, National Taiwan University College of Law. B.A., M.A., Ph.D., Stanford University; J.D., Harvard Law School; B.C.L. in European and Comparative Law, University of Oxford. ** Associate Professor, University of Virginia School of Law. B.A., LL.M., Tilburg University; LL.M., Harvard Law School; D.Phil., University of Oxford. Earlier versions of this Article were presented at the 2010 annual meetings of the Law and Society Association in Chicago and the American Political Science Association in Washington, D.C., the Fifth Annual Conference on Empirical Legal Studies held at Yale Law School, and faculty colloquia at Brooklyn Law School and Washington University School of Law. -
Writing the Global: the Scottish Enlightenment As Literary Practice
Writing the Global: The Scottish Enlightenment as Literary Practice Yusuke Wakazawa PhD University of York English and Related Literature September 2018 2 Abstract This thesis presents the Scottish Enlightenment as a literary practice in which Scottish thinkers deploy diverse forms of writing---for example, philosophical treatise, essay, autobiography, letter, journal, and history---to shape their ideas and interact with readers. After the unsuccessful publication of A Treatise of Human Nature (1739-40), David Hume turns to write essays on moral philosophy, politics and commerce, and criticism. I argue that other representatives of the Scottish Enlightenment such as Adam Smith, Adam Ferguson, and William Robertson also display a comparable attention to the choice and use of literary forms. I read the works of the Scottish Enlightenment as texts of eighteenth-century literature rather than a context for that literature. Since I argue that literary culture is an essential component of the Scottish Enlightenment, I include James Boswell and Tobias Smollett as its members. In diverse literary forms, Scottish writers refer to geographical difference, and imagine the globe as heterogenous and interconnected. These writers do not treat geography as a distinctive field of inquiry. Instead, geographical reference is a feature of diverse scholarly genres. I suggest that literary experiments in the Scottish Enlightenment can be read as responding to the circulation of information, people, and things beyond Europe. Scottish writers are interested in the diversity of human beings, and pay attention to the process through which different groups of people in distant regions encounter each other and exchange their sentiments as well as products. -
Financial Liberalization, International Monetary Dis/Order, and the Neoliberal State Timothy A
American University International Law Review Volume 15 | Issue 6 Article 4 2000 Financial Liberalization, International Monetary Dis/order, and the Neoliberal State Timothy A. Canova Follow this and additional works at: http://digitalcommons.wcl.american.edu/auilr Part of the International Law Commons Recommended Citation Canova, Timothy A. "Financial Liberalization, International Monetary Dis/order, and the Neoliberal State." American University International Law Review 15, no. 6 (2000): 1279-1319. This Article is brought to you for free and open access by the Washington College of Law Journals & Law Reviews at Digital Commons @ American University Washington College of Law. It has been accepted for inclusion in American University International Law Review by an authorized administrator of Digital Commons @ American University Washington College of Law. For more information, please contact [email protected]. FINANCIAL LIBERALIZATION, INTERNATIONAL MONETARY DIS/ORDER, AND THE NEOLIBERAL STATE TIMOTHY A. CANOVA ° INTRODUCTION ............................................ 1279 I. THE NEW INTERNATIONAL MONETARY DIS/ORDER.. 1281 II. CENTRAL BANK AUTONOMY AND TRANSPARENCY IN THE NEOLIBERAL STATE ............................. 1294 EI. WE HAVE OTHER ALTERNATIVES .................... 1315 INTRODUCTION This International Economic Law Conference has charged itself with a rather lofty task -- that of analyzing the professed justifica- tions of the prevailing neoliberal path of globalization by asking the following question: "Will the new world economic order we de- scribe lead to greater peace, stability, fairness and justice'?"' The global monetary system constitutes perhaps the most important legal and institutional foundation of today's world economic order in an- * Assistant Professor of Law, University of New Mexico School of Law. Thanks to Stephen Zamora, Cynthia Lichtenstein, and Chantal Thomas for comments dur- ing a panel discussion that helped to inform this paper. -
The Restless Liberalism of Alexis De Tocqueville
FILOZOFIA ___________________________________________________________________________Roč. 72, 2017, č. 9 THE RESTLESS LIBERALISM OF ALEXIS DE TOCQUEVILLE JAKUB TLOLKA, London School of Economics and Political Science, London, UK TLOLKA, J.: The Restless Liberalism of Alexis de Tocqueville FILOZOFIA, 72, No. 9, 2017, pp. 736-747 This essay attempts to contextualise the purported novelty of Alexis de Tocqueville’s particular brand of liberalism. It regards the author not as an heir or precursor to any given political tradition, but rather as a compelled syncretist whose primary philosophical concern was the moral significance of the democratic age. It suggests that Tocqueville devised his ‘new political science’ with a keen view to the existential implications of modernity. In order to support that suggestion, the essay explores the genealogy of Tocqueville’s moral and political thought and draws a relation between his analysis of democracy and his personal experience of modernity. Keywords: A. de Tocqueville – Modernity – Liberalism – Inquiétude – Religion Introduction. Relatively few authors in the history of political thought have produced an intellectual legacy of such overarching resonance as Alexis de Tocqueville. Even fewer, perhaps, have so persistently eluded ordinary analytical and exegetical frameworks, presenting to each astute observer a face so nuanced as to preclude serious interpretive consensus. As writes Lakoff (Lakoff 1998), ‘disagreement over textual interpretation in the study of political thought is not uncommon’. However, ‘it usually arises around those who left writings of a patently divergent character’ (p. 437). When we thus consider the ‘extraordinarily coherent and consistent nature’ of Alexis de Tocqueville’s political philosophy, it appears somewhat odd that the academic consensus surrounding that author relates almost exclusively to the grandeur of his intellectual achievement (Lukacs 1959, 6). -
The “Ill Kill'd” Deer: Poaching and Social Order in the Merry Wives of Windsor
The “ill kill’d” Deer: Poaching and Social Order in The Merry Wives of Windsor Jeffrey Theis Nicholas Rowe once asserted that the young Shakespeare was caught stealing a deer from Sir Thomas Lucy’s park at Charlecote. The anecdote’s truth-value is clearly false, yet the narrative’s plausibility resonates from the local social customs in Shakespeare’s Warwickshire region. As the social historian Roger Manning convincingly argues, hunting and its ille- gitimate kin poaching thoroughly pervaded all social strata of early modern English culture. Close proximity to the Forest of Arden and nu- merous aristocratic deer parks and rabbit warrens would have steeped Shakespeare’s early life in the practices of hunting and poaching whether he engaged in them or only heard stories about them.1 While some Shakespeare criticism attends directly or indirectly to the importance of hunting in the comedies, remarkably, there has been no sustained analysis of poaching’s importance in these plays.2 In part, the reason for the oversight might be lexicographical. The word “poaching” never occurs in any of Shakespeare’s works, and the first instance in which poaching means “to take game or fish illegally” is in 1611—a decade after Shakespeare composed his comedies.3 Yet while the word was not coined for another few years, Roger Manning proves that illegal deer killing was a socially and politically explosive issue well before 1611. Thus, the “ill kill’d deer” Justice Shallow refers to in Act One of The Merry Wives of Windsor situates the play within a socially resonant discourse where illegal deer killing brings to light cultural assumptions imbedded within the legal hunt. -
Adam Smith: Founder of Economics
Adam Smith: Founder of Economics Robert M. Coen Professor Emeritus of Economics Northwestern Alumnae Continuing Education January 5, 2017 Adam Smith, 1723-1790 John Rattray, 1707-71 Signatory of First Rules of Golf (1744) Ways of Coordinating Economic Activity Traditional Structures Authoritarian Structures Market structures Reasons for Slow Development of Markets Popularity of Mercantilism Government promotes exports, stifles imports Favored industries get subsidies, protection, monopoly franchises Establish and exploit foreign colonies Accumulate riches (gold) for royalty Reasons for Slow Development of Markets Popularity of Mercantilism Avarice regarded as sin False Principles of Trade Boston Minister John Cotton, 1639 A man might sell as dear as he can and buy as cheap as he can If a man lose some of his goods, say by accident at sea, he may raise the price of the rest He may sell at the price he bought, even though he paid too much Reasons for Slow Development of Markets Popularity of Mercantilism Avarice regarded as sin Indifferent attitudes toward personal betterment Prevalence of local taxes on movement of goods Lack of standardization of weights and measures Multiple currencies Resistance to innovation Land, labor, and capital not developed concepts Factors Promoting Development of Markets Enclosure of commons Ringleaders of the Enclosure Movement Rural Life After Enclosure of the Commons Factors Promoting Development of Markets Enclosure of commons Political consolidation and centralization Decay of religious spirit Bernard Mandeville, -
John Clare, Poems Against Enclosure 1 John Clare (1793-1864)
John Clare, Poems Against Enclosure 1 John Clare (1793-1864) The Mores Far spread the moorey ground a level scene Bespread with rush and one eternal green That never felt the rage of blundering plough Though centurys wreathed spring’s blossoms on its brow Still meeting plains that stretched them far away In uncheckt shadows of green brown, and grey Unbounded freedom ruled the wandering scene Nor fence of ownership crept in between To hide the prospect of the following eye Its only bondage was the circling sky One mighty flat undwarfed by bush and tree Spread its faint shadow of immensity And lost itself, which seemed to eke its bounds In the blue mist the horizon’s edge surrounds Now this sweet vision of my boyish hours Free as spring clouds and wild as summer flowers Is faded all - a hope that blossomed free, And hath been once, no more shall ever be Inclosure came and trampled on the grave Of labour’s rights and left the poor a slave And memory’s pride ere want to wealth did bow Is both the shadow and the substance now The sheep and cows were free to range as then Where change might prompt nor felt the bonds of men Cows went and came, with evening morn and night, To the wild pasture as their common right And sheep, unfolded with the rising sun Heard the swains shout and felt their freedom won Tracked the red fallow field and heath and plain Then met the brook and drank and roamed again The brook that dribbled on as clear as glass Beneath the roots they hid among the grass While the glad shepherd traced their tracks along Free as the -
Making Space
Alternative radical histories and campaigns continuing today. Sam Burgum November 2018 Property ownership is not a given, but a social and legal construction, with a specific history. Magna Carta (1215) established a legal precedent for protecting property owners from arbitrary possession by the state. ‘For a man’s home is his ASS Archives ASS castle, and each man’s home is his safest refuge’ - Edward Coke, 1604 Charter of the Forest (1217) asserted the rights of the ‘commons’ (i.e. propertyless) to access the 143 royal forests enclosed since 1066. Enclosure Acts (1760-1870) enclosed 7million acres of commons through 4000 acts of parliament. My land – a squatter fable A man is out walking on a hillside when suddenly John Locke (1632-1704) Squatting & Trespass Context in Trespass & Squatting the owner appears. argued that enclosure could ‘Get off my land’, he yells. only be justified if: ‘Who says it’s your land?’ demands the intruder. • ‘As much and as good’ ‘I do, and I’ve got the deeds to prove it.’ was left to others; ‘Well, where did you get it from?’ ‘From my father.’ • Unused property could be ‘And where did he get it from?’ forfeited for better use. ‘From his father. He was the seventeenth Earl. The estate originally belonged to the first Earl.’ This logic was used to ‘And how did he get it?’ dispossess indigenous people ‘He fought for it in the War of the Roses.’ of land, which appeared Right – then I’ll fight you for it!’ ‘unused’ to European settlers. 1 ‘England is not a Free people till the poor that have no land… live as Comfortably as the landlords that live in their inclosures.’ Many post-Civil war movements and sects saw the execution of King Charles as ending a centuries-long Norman oppression.