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Why are small and culturally homogeneous nation-states in the advanced capitalist world so prosperous? Examining how Denmark, Ireland, and Switzerland managed the 2008 financial crisis, The Paradox of Vulnerability shows that this is not an accident. John Campbell and John Hall argue that a prolonged sense of vulnerability within both the state and the nation encourages the development of institutions that enable decision makers to act together quickly in order to survive, especially during a crisis.Blending insights from studies of comparative political economy and nationalism and drawing on both extensive interviews and secondary data, Campbell and Hall support their claim by focusing on the three states historically and, more important, in their different responses to the 2008 crisis. The authors also devote attention to the difficulties faced by Greece and Iceland. The implications of their argument are profound. First, they show that there is a positive side to nationalism: social solidarity can enhance national prosperity. Second, because globalization now requires all states to become more adaptable, there are lessons here for other states, large and small. Lastly, the formula for prosperity presented here is under threat: highly homogeneous societies face challenges in dealing with immigration, with some responding in ways that threaten their success.The Paradox of Vulnerability demonstrates how the size and culture of a nation contribute in significant ways to its ability to handle political and economic pressures and challenges.
Crisis management in government. --- Economic history --- Economics --- Global Financial Crisis, 2008-2009 --- Global Financial Crisis, 2008-2009. --- International economic relations. --- National characteristics. --- Nationalism --- Organizational resilience. --- Solidarity. --- States, Small. --- Sociological aspects. --- Social aspects. --- Economic aspects. --- Global Financial Crisis (2008-2009) --- 2000-2099 --- Western countries --- Western countries. --- Economic conditions --- 2008 financial crisis. --- Bank Packages. --- Denmark. --- Greece. --- Iceland. --- Ireland. --- Lutheranism. --- Switzerland. --- Troika. --- bailouts. --- banks. --- consensus-making. --- crisis management. --- direct democracy. --- expertise. --- experts. --- federalism. --- groupthink. --- immigration. --- institutions. --- multinational corporations. --- nation-states. --- national identity. --- national prosperity. --- national solidarity. --- nationalism. --- negotiation. --- political economy. --- regulation. --- resilience. --- social partnerships. --- social solidarity. --- technocrats. --- thick institutions. --- thin institutions. --- vulnerability.
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In politics, ideas matter. They provide the foundation for economic policymaking, which in turn shapes what is possible in domestic and international politics. Yet until now, little attention has been paid to how these ideas are produced and disseminated, and how this process varies between countries. The National Origins of Policy Ideas provides the first comparative analysis of how "knowledge regimes"-communities of policy research organizations like think tanks, political party foundations, ad hoc commissions, and state research offices, and the institutions that govern them-generate ideas and communicate them to policymakers. John Campbell and Ove Pedersen examine how knowledge regimes are organized, operate, and have changed over the last thirty years in the United States, France, Germany, and Denmark. They show how there are persistent national differences in how policy ideas are produced. Some countries do so in contentious, politically partisan ways, while others are cooperative and consensus oriented. They find that while knowledge regimes have adopted some common practices since the 1970's, tendencies toward convergence have been limited and outcomes have been heavily shaped by national contexts. Drawing on extensive interviews with top officials at leading policy research organizations, this book demonstrates why knowledge regimes are as important to capitalism as the state and the firm, and sheds new light on debates about the effects of globalization, the rise of neoliberalism, and the orientation of comparative political economy in political science and sociology.
Globalization --- Political aspects. --- United States --- Foreign economic relations. --- Danish knowledge regime. --- Danish knowledge. --- Denmark. --- France. --- French knowledge. --- German knowledge regime. --- German knowledge. --- Golden Age. --- Internet. --- U.S. knowledge. --- analytical sophistication. --- central state. --- comparative political economy. --- consensus making. --- convergence theory. --- convergence. --- coordinating mechanisms. --- corporatism. --- corporatist institutions. --- corporatist negotiations. --- cross-national policy analysis. --- dirigisme. --- dissemination practices. --- economic development. --- economic policymaking. --- globalization. --- ideas crisis. --- ideological battles. --- ideological divisiveness. --- ideological polarization. --- ideology. --- knowledge regime. --- knowledge regimes. --- lobbyists. --- national councils. --- national differences. --- national policymaking. --- neoliberal diffusion. --- neoliberalism. --- new media. --- partisanship. --- policy analysis. --- policy ideas. --- policy recommendations. --- policy research organizations. --- policy research. --- policymaking regime. --- policymaking regimes. --- policymaking. --- political divide. --- political economy. --- political-economic problems. --- private policy research. --- public policy. --- research agenda. --- semi-public policy research. --- statist knowledge regime. --- think tanks.
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