"Written by experts in the field, this volume offers an in-depth and forward-looking legal, economic, and political science analysis of the rationale, main features, as well as the shortcomings of European economic, monetary, and financial integration. It is primarily intended for an academic audience and policymakers"--
Why do rich countries flirt with fiscal disaster? Why did affluent countries - like Belgium, Greece, Italy or Japan - persistently accumulate so much debt between the 1970s and the 2000s, in times of peace and prosperity, that they became vulnerable and exposed themselves to the risk of default? In the past three decades, an extensive scholarly consensus emerged around the view that the answer is fiscal indiscipline, the lack of sufficient concern for budgetary constraints from policy makers as they try to please voters. Zsófia Barta argues that explaining why some countries accumulate substantial amounts of debt for decades hinges on understanding the conditions required to allow policy makers to successfully put into place painful adjustment measures
Why did Venezuelan growth collapse? / Ricardo Hausmann and Francisco Rodríguez --. - Venezuela after a century of oil exploration / Osmel Manzano --. - Public investment and productivity growth in the Venezuelan manufacturing industry / José Pineda and Francisco Rodríguez --. - The incidence of labor market reforms on employment in the Venezueland manufacturing sector, 1995-2001 / Omar Bello and Adriana Bermúdez --. - Understanding economic growth in Venezuela, 1970-2005 : the real effects of a financial collapse / Matías Braun --. - Much higher schooling, much lower wages : human capital and economic collapse in Venezuela / Daniel Ortega and Lant Pritchett --. - Income distribution and redistribution in Venezuela / Samuel Freije --. - Competing for jobs or creating jobs? : the impact of immigration on native-born unemployment in Venezuela, 1980-2003 / Dan Levy and Dean Yang --. - Sleeping in the bed one makes : the Venezuelan fiscal policy response to the oil boom / María Antonia Moreno and Cameron A. Shelton --. - Institutional collapse : the rise and decline of democratic governance in Venezuela / Francisco Monaldi and Michael Penfold --. - The political economy of industrial policy in Venezuela / Jonathan Di John --. - Explaining Chavismo : the unexpected alliance of radical leftists and the military in Venezuela under Hugo Chavez / Javier Corrales --. - Oil, macro volatility, and crime in the determination of beliefs in Venezuela / Rafael Di Tella, Javier Donna, and Robert MacCulloch --. - Understanding the collapse : Venezuela's experience in cross-national perspective / Ricardo Hausmann and Francisco Rodríguez
pt. I Introduction -- 1. Governance: Issues and Frameworks / Helmut K. Anheier and Regina A. List -- pt. II Financial and Fiscal Governance -- 2. Financial and Fiscal Governance: An Introduction / Mark Hallerberg -- 3. Picking Up (and Rearranging) the Pieces: The Politics of Global Financial Governance in the Wake of the Great Recession / Mark S. Copelovitch -- 4. Is European Union Governance Ready to Deal with the Next Financial Crisis? / Lucia Quaglia -- 5. The Fiscal Policy Implications of Balance of Payments Imbalances / Stefanie Walter -- 6. The Political Sources of Crisis Situations / William Roberts Clark and Vincent Arel-Bundock -- pt. III Governance Innovations -- 7. The Contribution of Innovation Research to Understanding Governance Innovation: A Review / Helmut K. Anheier and Mark T. Fliegauf -- 8. Financial Governance Through the Lens of Innovation / Helmut K. Anheier and Mark T. Fliegauf -- pt. IV Governance Indicators -- 9. Governance Indicators: Some Proposals / Piero Stanig and Mark Kayser -- 10. Public---Private Sector Relationships, Capture, and Governance Quality / Klaus J. Brösamle -- 11. Governance Beyond the Nation-state: Estimating Governance Indexes at the Subnational and Transnational Level / Piero Stanig