Products

The US subprime mortgage crisis, by nearly causing the collapse of the global financial system during the 2007–08 financial crisis, clearly revealed that household debt management is critical to the stability of the international economy. The configuration of mortgage finance systems of European economies, from the UK to Sweden to Spain, have profound effects on national macroeconomic and political outcomes.

In this book, Gregory Fuller reveals how national housing systems diverge in terms of their commodification and financialization: mortgages are far more common in some systems than others; some encourage families to treat housing as a tradeable asset while others do not; and certain states provide extensive social housing programmes while others offer virtually none. These differences are shown to have an impact on households’ economic precarity, macroeconomic volatility, and ultimately on their political preferences. Drawing on these comparisons, Fuller offers a number of policy suggestions intended to weaken the links between housing, economic instability, and inequality.

The first edition of The Price of Football quickly established itself as the go-to guide to understanding football club finance for the serious fan. Kieran Maguire, one of the UK’s top football finance analysts, shows how professional clubs operate as businesses and explains, in non-technical language, how to read, understand and interrogate club accounts.

As a clear-headed analysis and presentation of the financial imperatives and challenges facing football clubs across the English and Scottish Leagues, it has become a welcome resource not only for students of the industry, but by a wider constituency of supporters looking to understand their club’s latest transfer deal, or season ticket price.

This fully revised and updated edition includes analysis of the most recent club accounts, the latest legal rulings on club affairs, as well as the impact of Covid-19 on the game’s finances.

The first edition of The Price of Football quickly established itself as the go-to guide to understanding football club finance for the serious fan. Kieran Maguire, one of the UK’s top football finance analysts, shows how professional clubs operate as businesses and explains, in non-technical language, how to read, understand and interrogate club accounts.

As a clear-headed analysis and presentation of the financial imperatives and challenges facing football clubs across the English and Scottish Leagues, it has become a welcome resource not only for students of the industry, but by a wider constituency of supporters looking to understand their club’s latest transfer deal, or season ticket price.

This fully revised and updated edition includes analysis of the most recent club accounts, the latest legal rulings on club affairs, as well as the impact of Covid-19 on the game’s finances.

The first edition of The Price of Football quickly established itself as the go-to guide to understanding football club finance for the serious fan. Kieran Maguire, one of the UK's top football finance analysts, shows how professional clubs operate as businesses and explains, in non-technical language, how to read, understand and interrogate club accounts.


As a clear-headed analysis and presentation of the financial imperatives and challenges facing football clubs across the English and Scottish Leagues, it has become a welcome resource not only for students of the industry, but by a wider constituency of supporters looking to understand their club's latest transfer deal, or season ticket price.


This fully revised and updated third edition includes analysis of the most recent club accounts, the latest rulings on club governance, as well as coverage of recent regulation breaches, changes of ownership, bankruptcies and financial irregularities.

Although there is no overt ideological battle in the twenty-first century, citizens in every latitude register growing dissatisfaction with the results delivered by their governments. In the West they increasingly turn to populist forces to seek an easy respite to the frustration caused by the failures of democracy. Other models of governance, such as China’s "autocratic capitalism", rest on technocratic command and control methods that are disdained in the West but whose global appeal is growing mostly due to their perceived ability to deliver. No matter how and where they are practised, these alternatives seem to offer only partial and unsatisfactory answers to increasingly complex questions of governance. In a world ravaged by pandemics and climate crises, migration flows and cyberwars, rigid rule-making imparted from above or populist over-simplifications brewing from below can only represent the extremes of a more sophisticated picture of governing processes.

In this book, Fabrizio Tassinari seeks to rediscover the methods, practices and limits of good governance. By taking inspiration from the Nordic region, where democratic governance has delivered some of its most impressive feats, he shows that populism and technocracy are not the causes of our political malaise; they represent skewed by-products of the most basic instincts in our body politic. They need not be suppressed but channelled and reconciled in our practices of governing.

Although there is no overt ideological battle in the twenty-first century, citizens in every latitude register growing dissatisfaction with the results delivered by their governments. In the West they increasingly turn to populist forces to seek an easy respite to the frustration caused by the failures of democracy. Other models of governance, such as China’s "autocratic capitalism", rest on technocratic command and control methods that are disdained in the West but whose global appeal is growing mostly due to their perceived ability to deliver. No matter how and where they are practised, these alternatives seem to offer only partial and unsatisfactory answers to increasingly complex questions of governance. In a world ravaged by pandemics and climate crises, migration flows and cyberwars, rigid rule-making imparted from above or populist over-simplifications brewing from below can only represent the extremes of a more sophisticated picture of governing processes.

In this book, Fabrizio Tassinari seeks to rediscover the methods, practices and limits of good governance. By taking inspiration from the Nordic region, where democratic governance has delivered some of its most impressive feats, he shows that populism and technocracy are not the causes of our political malaise; they represent skewed by-products of the most basic instincts in our body politic. They need not be suppressed but channelled and reconciled in our practices of governing.

The resource curse, or paradox of plenty, refers to the long-established notion central in development economics that countries rich in natural resources, particularly minerals and fuels, perform less well economically than countries with fewer natural resources. In other words, resources are an economic curse rather than a blessing.

This short primer explores the complexities of this idea and the debates that surround it, in particular under what conditions the resource curse might operate, if not universal. Discussion ranges over the nature of resource booms, the benefits and costs of export-led growth, the problems of deindustrialization and manufacturing base erosion, rent-seeking behaviour and corruption and the empirical evidence of the effects of natural resource dependence on growth. The book also considers the links between resource rents and the risk of conflict and civil war.

The treatment draws throughout on a range of illustrative examples from across the developed and developing world and offers an authoritative introduction to one of the most perplexing issues for economic growth.

The resource curse, or paradox of plenty, refers to the long-established notion central in development economics that countries rich in natural resources, particularly minerals and fuels, perform less well economically than countries with fewer natural resources. In other words, resources are an economic curse rather than a blessing.

This short primer explores the complexities of this idea and the debates that surround it, in particular under what conditions the resource curse might operate, if not universal. Discussion ranges over the nature of resource booms, the benefits and costs of export-led growth, the problems of deindustrialization and manufacturing base erosion, rent-seeking behaviour and corruption and the empirical evidence of the effects of natural resource dependence on growth. The book also considers the links between resource rents and the risk of conflict and civil war.

The treatment draws throughout on a range of illustrative examples from across the developed and developing world and offers an authoritative introduction to one of the most perplexing issues for economic growth.

The past two decades have seen a rapid rise in large-scale, state-led transnational investment from countries as different as China, Norway and Russia. By bundling economic resources, these countries have entered global markets through massive state-led investments. This transformation of states into global economic actors is historically unprecedented and presents a major challenge for how states relate to each other in the international system.


Milan Babic examines how states have become major corporate owners in the global economy and unpacks the lasting effects of this on our understanding of the state and international politics. Drawing on research into the largest firm-level dataset on state ownership to date, in combination with in-depth historical and conceptual analysis, the book offers a comprehensive analysis of the rise of the state in the global economy and its present and future consequences for international relations.

The music industries are being reshaped by a fresh round of platform intermediation – one based on MusicTech, social media platforms and user-generated content, live streaming, crowdfunding and gamification. Andrew Leyshon and Allan Watson critically examine this latest wave of new platform music industries and consider how they are influencing music creation, distribution and consumption as well as their wider economic and cultural impact.


Drawing on contemporary case studies and examples, the authors situate this latest wave of innovation within the historical context of earlier rounds of platform reintermediation, which saw the music industries lurch from a file-sharing crisis to the emergence of the major streaming platforms that first halted and then reversed the decline in revenues derived from recorded music. While debates about the moral economy of streaming dominate both media and academic accounts of the music industries, they show that a focus on streaming alone obscures much of the complexity resulting from related and concurrent platform innovations.


The book provides an up to date and comprehensive study of the latest developments in one of the fastest-moving and innovative sectors of the cultural economy.

Since Tsarist times, Russia’s leaders, rather than pursue economic growth for its own sake, have sought control over economic activity as a means to manage their own support base, respond to perceived security threats and to facilitate their wider geopolitical ambitions. Balancing the needs of an authoritarian state with the tentative and inconsistent use of the market has defined Russia’s modern economic history from the nineteenth-century Stolypin reforms to Lenin’s New Economic Policy through to the high Soviet years, Gorbachev’s perestroika, and Yeltsin and Gaidar’s shock therapy. And it is no more evident today than in Putin’s management of Russia’s natural resource-based economy.


Yuval Weber provides a concise economic history of modern Russia, which explains how its economy works both at an economic level but also strategically serving its elites’ personal and political agendas. At a time when the global importance of Russia’s oil and gas reserves is in full view, the book examines the Russian Petrostate and considers the long-term challenges for an economy reliant on natural resources for its resilience. The country’s regional imbalances, the demands of its huge military-industrial complex and the legacy of centralization are considered alongside the rising consumerism of its citizens, and other human factors, such as ethnicity, health and demography.


The book offers readers seeking to understand Russia’s economic resilience in an increasingly fractured global economy, an illuminating historical perspective on Russia’s political economy and the power structures underpinning Putin’s governance.

Since Tsarist times, Russia’s leaders, rather than pursue economic growth for its own sake, have sought control over economic activity as a means to manage their own support base, respond to perceived security threats and to facilitate their wider geopolitical ambitions. Balancing the needs of an authoritarian state with the tentative and inconsistent use of the market has defined Russia’s modern economic history from the nineteenth-century Stolypin reforms to Lenin’s New Economic Policy through to the high Soviet years, Gorbachev’s perestroika, and Yeltsin and Gaidar’s shock therapy. And it is no more evident today than in Putin’s management of Russia’s natural resource-based economy.


Yuval Weber provides a concise economic history of modern Russia, which explains how its economy works both at an economic level but also strategically serving its elites’ personal and political agendas. At a time when the global importance of Russia’s oil and gas reserves is in full view, the book examines the Russian Petrostate and considers the long-term challenges for an economy reliant on natural resources for its resilience. The country’s regional imbalances, the demands of its huge military-industrial complex and the legacy of centralization are considered alongside the rising consumerism of its citizens, and other human factors, such as ethnicity, health and demography.


The book offers readers seeking to understand Russia’s economic resilience in an increasingly fractured global economy, an illuminating historical perspective on Russia’s political economy and the power structures underpinning Putin’s governance.

The discourse surrounding prostitution is increasingly one of sexual commerce, transaction and commercial exchange. The “sex economy” and the consumer demand for it is often discussed both as a legitimate economic business, in which women have control, and as employment comparable to other forms of low-paid work. So much so, that in some countries it is being seen as a service that should be regulated and given a labour-rights framework.

Drawing on extensive and detailed research, Monica O’Connor challenges the suggestion that the sale of women’s bodies as commodities can ever be acceptable, and that the male consumer has an acceptable right to buy sexual acts from another person. She disproves the claim that "sex work" is a lucrative occupation for impoverished women and girls that can be considered for regulation as part of the normal economy. She lays bare the harm that "normalising" the sex trade does on women’s lives, gender equality and on society as a whole, and exposes the realities that constrain and control women locked in prostitution, debunking the notions of choice and agency.

The growing economic power of government has prompted many studies to seek to establish the optimum size of government and how it might relate to economic growth, productivity and inflation.

Václav Rybácek examines how these studies have used national accounts and officially published statistics to invariably underestimate the size of government, which has lead to erroneous economic policy recommendations and ultimately to an unrealistic assessment of a government’s ability to meet its debts. The book shows how the methodology of macroeconomic statistics has failed to keep pace with the expansion of government and has misallocated, for example, many public producers in the field of financial services, to the corporate sector. Even central banks conducting government policy are shown to stand outside official figures on the size of government. Similarly, when showing the relative size of government, the choice of denominator, such as GDP, can further lead to underestimating government size.

Drawing on Austrian economic theory, in particular in relation to market operation, the book offers a more robust methodology for the measurement of government, which is then used to recalculate fiscal indicators and GDP in order to present a more appropriate set of data for the analysis of public sector dynamics in the majority of EU countries.

South Korea has the tenth largest economy in the world and is one of only two Asian members of the OECD. It has achieved this remarkable level of economic development since its independence from Japan in 1945. Indeed, it has achieved this transformation, exceptional for any postcolonial state, despite one of the most brutal fratricidal conflicts fought since the Second World War. Sunil Kim and Jonson Porteux chart this astonishing economic and political development and explain the puzzle that is the South Korean economy.


The authors examine how South Korea has developed a highly innovative economy based on advanced technologies and infrastructure – counter-intuitively, given its postcolonial legacy of military leaders and lack of fully developed free markets. The longstanding family-owned and run industrial conglomerates – the chaebol – characteristic of the Korean economy are shown to have been behind the shift to high-tech industrialization, albeit under the strict influence of the state. The challenges of increased global interconnectedness, the precarious and fragile relationship with North Korea, the slowdown of domestic demand, recent assaults on the chaebol and their families, together with the impact of the Covid-19 pandemic, are furthermore addressed.


The book offers new insights and frameworks for understanding the fascinating history and future trajectory of South Korea’s political economy as well as the causes and consequences of industrialization and democratization more generally.

South Korea has the tenth largest economy in the world and is one of only two Asian members of the OECD. It has achieved this remarkable level of economic development since its independence from Japan in 1945. Indeed, it has achieved this transformation, exceptional for any postcolonial state, despite one of the most brutal fratricidal conflicts fought since the Second World War. Sunil Kim and Jonson Porteux chart this astonishing economic and political development and explain the puzzle that is the South Korean economy.


The authors examine how South Korea has developed a highly innovative economy based on advanced technologies and infrastructure – counter-intuitively, given its postcolonial legacy of military leaders and lack of fully developed free markets. The longstanding family-owned and run industrial conglomerates – the chaebol – characteristic of the Korean economy are shown to have been behind the shift to high-tech industrialization, albeit under the strict influence of the state. The challenges of increased global interconnectedness, the precarious and fragile relationship with North Korea, the slowdown of domestic demand, recent assaults on the chaebol and their families, together with the impact of the Covid-19 pandemic, are furthermore addressed.


The book offers new insights and frameworks for understanding the fascinating history and future trajectory of South Korea’s political economy as well as the causes and consequences of industrialization and democratization more generally.

Inflation, hyperinflation and deflation have all had profound effects on societies, especially during periods of war and crisis. Today’s approach to managing inflation has been shaped by these episodes and informed by debates between different schools of economic thought from Fisher and Hayek to Keynes and the monetarists. This accessible and authoritative overview explores the role of inflation in the modern economy, from its place in monetary policy and in money supply to its effects on everyday business.


In a compelling analysis, the book shows that since the financial crisis in 2008–09, inflation rates have remained persistently higher than interest rates worldwide, which is the inverse of our basic understanding of how inflation normally affects markets. The result of this inversion has been that the effective real return on investment has become negative, and consequently, the investment rate has dropped across western economies. At a time when inflation once again challenges the world’s leading economies, the book offers valuable insight into the monetary policy of central banks.

Cities are seen as essentially “good”: innovative, pro-growth, poverty-reducing. In a challenging corrective to this common portrayal, Christof Parnreiter argues that the same urban properties which make cities so extraordinarily proficient at producing the “good” innovations – agglomeration economies, network externalities and a massive built environment – also provides fertile ground for the development of the “bad” ones, on which urban elites have syphoned off wealth from other localities and regions.


The book scrutinizes the interconnections between wealth creation and poverty generation by putting cities centre stage as a fundamental explanatory category for understanding how the wealth of nations is produced as well as for grasping how the poverty of nations is created. It seeks to correct the developmentalist enthusiasm, commonplace in urban and regional studies, for cities’ efficiency, which has displaced interest in cities’ role in uneven development.

Cities are seen as essentially “good”: innovative, pro-growth, poverty-reducing. In a challenging corrective to this common portrayal, Christof Parnreiter argues that the same urban properties which make cities so extraordinarily proficient at producing the “good” innovations – agglomeration economies, network externalities and a massive built environment – also provides fertile ground for the development of the “bad” ones, on which urban elites have syphoned off wealth from other localities and regions.


The book scrutinizes the interconnections between wealth creation and poverty generation by putting cities centre stage as a fundamental explanatory category for understanding how the wealth of nations is produced as well as for grasping how the poverty of nations is created. It seeks to correct the developmentalist enthusiasm, commonplace in urban and regional studies, for cities’ efficiency, which has displaced interest in cities’ role in uneven development.

The carbon emissions generated by concrete and steel construction are well-known. Why then are we not using more carbon-friendly building materials? In a passionate and compelling argument Paul Brannen advocates the use of timber in buildings wherever possible. His controversial and counterintuitive argument is clear: planting trees is not enough to reduce carbon, we also have to chop them down and use more wood in our buildings and cities.


This is the first book to take timber from the margins to the mainstream, from the forests to the cities. The book tackles head-on questions about sustainability, safety, the biodiversity of commercial forests and the pressures on land use. The case for timber as a construction material is persuasively made – the creation of new engineered timbers with the structural strength of steel and concrete enable us for the first time to build wooden skyscrapers – and draws on the latest developments in engineering and material science. In addition to the familiar forestry models, the book advocates alternatives such as wood farming and agroforestry that bring with them added biodiversity gains for farms.


With the built environment currently responsible for 40 per cent of the world’s carbon emissions, Brannen's message is unequivocal: we must change how we build. Timber! offers fresh and inventive ideas that over time could see our expanding cities storing more carbon than our expanding forests.

Turkey has always had a complicated relationship with the West and the Liberal International Order, owing to its geographic and historical position that straddles geographic divides.


This book explores Turkey’s relationship with the Liberal International Order and its economic, security and political ties. While Turkey’s position within the Liberal International Order has always been challenged internally and externally, events in recent years have resulted in further questioning of its position. This book provides a long-term view of Turkey’s relation to liberal internationalism, demonstrating how the republic emerged simultaneously with the emergence of the first post-First World War version of liberal international order. It demonstrates both the challenges and the opportunities that Turkey’s position within and outside liberal internationalism poses to the future of such forms of liberal internationalism. Crucially, it demonstrates how Turkey’s foreign policy stances are and will likely continue to be closely linked to political developments within the country.

For centuries, Russian imperialism has shaped the fate of its neighbours, from the tsarist conquests to Soviet domination and today’s relentless aggression. This book exposes the Kremlin’s enduring ambition to control its periphery, dismantling the myths used to justify its actions – from claims of shared history to the weaponization of security and culture. It reveals how Russia has sought to subordinate neighbouring states, and how these nations have resisted, asserting their sovereignty in defiance of Moscow’s pressure.


In this incisive and compelling analysis of Russia’s enduring imperial mindset, Donnacha Ó Beacháin sheds critical light on how history, politics and power continue to collide in Ukraine and beyond, and why breaking the cycle of domination is vital for global security. It is essential reading for grasping the complexities of the current geopolitical crisis.

For centuries, Russian imperialism has shaped the fate of its neighbours, from the tsarist conquests to Soviet domination and today’s relentless aggression. This book exposes the Kremlin’s enduring ambition to control its periphery, dismantling the myths used to justify its actions – from claims of shared history to the weaponization of security and culture. It reveals how Russia has sought to subordinate neighbouring states, and how these nations have resisted, asserting their sovereignty in defiance of Moscow’s pressure.


In this incisive and compelling analysis of Russia’s enduring imperial mindset, Donnacha Ó Beacháin sheds critical light on how history, politics and power continue to collide in Ukraine and beyond, and why breaking the cycle of domination is vital for global security. It is essential reading for grasping the complexities of the current geopolitical crisis.

Adam Ferner's engaging and personal book explores the ethical dimensions of childcare in a world riven by conflict and inequality. He argues that widespread attitudes towards biological parenthood contribute to these worsening crises and examines the liberatory potential of foster-care and adoption.


Written in a clear and jargon-free style, the book is informed by both Ferner’s training as a philosopher and his extensive experience as a child support worker. His analysis foregrounds the concerns of young people largely marginalized by society, and he argues against the prevailing orthodoxy that hope is a necessary element of childcare. The book challenges us to look afresh at our everyday notions of parenthood, childcare and having children, and to question the dominant ethos of the family.

Adam Ferner's engaging and personal book explores the ethical dimensions of childcare in a world riven by conflict and inequality. He argues that widespread attitudes towards biological parenthood contribute to these worsening crises and examines the liberatory potential of foster-care and adoption.


Written in a clear and jargon-free style, the book is informed by both Ferner’s training as a philosopher and his extensive experience as a child support worker. His analysis foregrounds the concerns of young people largely marginalized by society, and he argues against the prevailing orthodoxy that hope is a necessary element of childcare. The book challenges us to look afresh at our everyday notions of parenthood, childcare and having children, and to question the dominant ethos of the family.

Russia’s invasion of Ukraine in 2022 was a war long in the making and is the latest in a series of military interventions that have showcased Vladimir Putin’s deadly imperial ambitions and the ruthless and bloody strategies that serve his vision of a greater Russia. Putin’s Russia wants its empire back and it has taken the events in Ukraine for the West to finally realize it.


Alex Bellamy examines the road to Ukraine 2022 and charts the path from Chechnya, Putin’s first war which helped propel him to the presidency, through to conflict in Georgia, Crimea, the South Caucasus and Syria. He shows the central role war has played in Putin’s rule and how it has helped craft a new social contract between president and people grounded in a shared vision of Russian national identity. For anyone wanting to understand the hows and whys of the war in Ukraine, Alex Bellamy’s clear and insightful analysis is a must-read.

Russia’s invasion of Ukraine in 2022 was a war long in the making and is the latest in a series of military interventions that have showcased Vladimir Putin’s deadly imperial ambitions and the ruthless and bloody strategies that serve his vision of a greater Russia. Putin’s Russia wants its empire back and it has taken the events in Ukraine for the West to finally realize it.


Alex Bellamy examines the road to Ukraine 2022 and charts the path from Chechnya, Putin’s first war which helped propel him to the presidency, through to conflict in Georgia, Crimea, the South Caucasus and Syria. He shows the central role war has played in Putin’s rule and how it has helped craft a new social contract between president and people grounded in a shared vision of Russian national identity. For anyone wanting to understand the hows and whys of the war in Ukraine, Alex Bellamy’s clear and insightful analysis is a must-read.

The concept "we" is central to every field in the interdisciplinary humanities and social sciences, yet it has been overdetermined by the question of “who we are”, leaving its basic conceptual operations undertheorized.


In What is We? Ragini Srinivasan argues that “we” is not a collective to belong to or be excluded from, nor is it a specific group to be identified. Rather, “we” functions as a method – one that organizes inclusion and exclusion, communion and isolation, coercion and liberation, division and incorporation, forgetting and remembering.


Across ten linked chapters, the book unfolds social, historical, political, grammatical, linguistic, literary, and personal responses to its titular question. By seeing “we” as a method for enacting, apprehending, contesting, and instrumentalizing boundaries, it invites us to confront the challenge of failure, embrace the possibility of impossibility, and acknowledge the hallucinatory nature of the universal.

The concept "we" is central to every field in the interdisciplinary humanities and social sciences, yet it has been overdetermined by the question of “who we are”, leaving its basic conceptual operations undertheorized.


In What is We? Ragini Srinivasan argues that “we” is not a collective to belong to or be excluded from, nor is it a specific group to be identified. Rather, “we” functions as a method – one that organizes inclusion and exclusion, communion and isolation, coercion and liberation, division and incorporation, forgetting and remembering.


Across ten linked chapters, the book unfolds social, historical, political, grammatical, linguistic, literary, and personal responses to its titular question. By seeing “we” as a method for enacting, apprehending, contesting, and instrumentalizing boundaries, it invites us to confront the challenge of failure, embrace the possibility of impossibility, and acknowledge the hallucinatory nature of the universal.

The ancient Greek philosopher Plotinus insisted that philosophy should be concerned with nothing less than “what matters most”. This collection of philosophical conversations seeks to honour Plotinus’ vision by addressing questions related to the art of living.


Much has been written about the “art of living” and it typically conjures up ideas of therapy, meditation, peace, happiness, and so on. But what about the art of living in the midst of all the spectacular messiness generated by an aggressive, anxiety-ridden, acquisitive and lustful species? The conversations that make up this book explore the questions that matter most to us as citizens of increasingly fractious societies and inhabitants of an increasingly fractured planet. They invite us to think anew about the complexities and challenges involved in living a good life in a world characterized by uncertainty and change.

For generations, Europeans have become accustomed to rising prosperity, an increasingly supportive social safety net and the expectation that each generation will fare better than the last. Europe has built a social model that is second to none, and fashioned a continent of disparate nations into a community that shares common values with democratic institutions that are the envy of the world.

Yet, Europe, as a common project is increasingly questioned by its citizens. The emphasis on solidarity, the driving force behind the social and economic integration, has given way to suspicion and nationalism. Openness and tolerance are strained by xenophobic, anti-immigrant sentiments, while populists and extremists set the agenda and dominate the policy debate.

European countries have borne the brunt of the global economic forces that have strained its institutions and capacity to respond appropriately. Characterised by uncertainty and delay both in handling the Euro crisis, Greece’s ongoing economic woes, Brexit and now a migrant crisis, Europe is at a crossroads in its development: a restructuring at the very least, if not a new settlement of power within the union, is on the cards. This book will attempt to understand what "post-crisis Europe" will look like, and what the opportunities are to rethink its economic, social and institutional architecture as well as to address the nagging democratic deficit that undermines its legitimacy as a democratic entity.

George Papaconstantinou is uniquely placed to offer commentary on the machinations of the union and its internal behaviour. Appointed Greek Finance Minister by Papandreou in the newly formed government in 2009, he played a key role in the Greek crisis, negotiating the first bail-out with the Troika.

For generations, Europeans have become accustomed to rising prosperity, an increasingly supportive social safety net and the expectation that each generation will fare better than the last. Europe has built a social model that is second to none, and fashioned a continent of disparate nations into a community that shares common values with democratic institutions that are the envy of the world.

Yet, Europe, as a common project is increasingly questioned by its citizens. The emphasis on solidarity, the driving force behind the social and economic integration, has given way to suspicion and nationalism. Openness and tolerance are strained by xenophobic, anti-immigrant sentiments, while populists and extremists set the agenda and dominate the policy debate.

European countries have borne the brunt of the global economic forces that have strained its institutions and capacity to respond appropriately. Characterised by uncertainty and delay both in handling the Euro crisis, Greece’s ongoing economic woes, Brexit and now a migrant crisis, Europe is at a crossroads in its development: a restructuring at the very least, if not a new settlement of power within the union, is on the cards. This book will attempt to understand what "post-crisis Europe" will look like, and what the opportunities are to rethink its economic, social and institutional architecture as well as to address the nagging democratic deficit that undermines its legitimacy as a democratic entity.

George Papaconstantinou is uniquely placed to offer commentary on the machinations of the union and its internal behaviour. Appointed Greek Finance Minister by Papandreou in the newly formed government in 2009, he played a key role in the Greek crisis, negotiating the first bail-out with the Troika.

Matters of ideology and security have become deeply entwined in China’s economic and business environment. The context is more politicized, more uncertain. At the heart of Xiconomics is the Dual Circulation Strategy, which marks out clear dividing lines between China’s domestic economy and the rest of the world. It sets out how China seeks to manage the links between the two just when western countries are also focusing on decoupling and "friendshoring". In order to prosper, business leaders and policy-makers need to understand these new international dynamics.


In this concise and incisive analysis, Andrew Cainey and Christiane Prange explain what is happening in China and how this affects its relations with other countries. They identify what foreign companies need to do, how strategies need to change, and what this all means for managing the China business as part of a global portfolio, under a range of geopolitical scenarios.