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The fully revised and extensively updated seventh edition has a two-colour internal design, is supported by an extensive online resource and offers three brand new chapters on Exchange Rate Dynamics, Financial Crises and European Monetary Integration

For patriotic citizens, living in their native country is intrinsically preferable compared to living in the diaspora. In this paper, we analyze the implications of such a patriotic lock-in in a world with international migration and redistributive taxation. In a formal model of redistribution with international migration and fiscal competition we derive the main hypothesis: that countries with a more patriotic population should have higher redistributive taxes. Using ISSP survey data and combining them with OECD taxation data, we find robust evidence suggesting that a) higher patriotism is associated with higher tax burdens, and b) this relation is stronger for the upper-middle range of the income distribution. ; Die individuelle Entscheidung, dauerhaft im Ausland zu leben, wird sowohl von finanziellen als auch von nicht-monetären Aspekten beeinflusst. Patriotismus (Heimatbindung) ist einer dieser nicht-monetären Faktoren, der zwischen den Ländern aber auch innerhalb eines Landes variiert. Ausgehend davon analysieren wir zunächst theoretisch die Auswirkungen von Patriotismus auf den Steuerwettbewerb zwischen zwei Ländern. In der ersten Stufe des Spieles entscheiden die Individuen, ob sie auswandern oder nicht und in der zweiten Stufe erheben die Länder vom hoch-produktiven Anteil der Bevölkerung (unabhängig vom Ursprung der Individuen) Steuern zur Umverteilung. Wenn die ursprüngliche Bevölkerung (vor Migrationsbewegungen) in Land A im Durchschnitt heimatverbundener als die in Land B ist, reagiert sie weniger elastisch auf den Steuersatz. Im Gleichgewicht führt daher höherer (durchschnittlicher) Patriotismus zu höheren Steuersätzen. Im zweiten Teil überprüfen wir diese Hypothese empirisch, indem wir ISSP-Surveydaten und OECDSteuerdaten zusammenführen. Im Ländervergleich besteht für gleiche relative Einkommen ein positiver Zusammenhang zwischen Patriotismus und Steuerbelastung.

Globalization, technology and the increasing importance of business contribute to a growing public demand for corporate responsibility. The global transactions are nowadays at the crossroads due to the fundamental changes that take place in the world; the business sector has an essential role in indentifying and promoting the solutions to the problems that are blocking the responsible and sustainable economic development of a society. The corporations cannot act isolated in achieving this part, for they have to unify their efforts with their governments, local communities and other institutions and international organizations.

Intro -- INTERNATIONAL POLITICAL ECONOMY -- INTERNATIONAL POLITICAL ECONOMY -- CONTENTS -- PREFACE -- Chapter 1 CLIMATE CHANGE TRENDS AND GOVERNANCE: HISTORY, CONTRADICTIONS AND PROSPECTS -- ABSTRACT -- 1. HISTORY OF CLIMATE CHANGE AND POLICY -- 2. POLITICAL ECONOMY CONTRADICTIONS OF CLIMATE CHANGE -- 3. POLICY PLANS AND PRIORITIES -- CONCLUSION -- REFERENCES -- Chapter 2 GOVERNANCE, FISCAL POLICY AND ECONOMIC GROWTH -- ABSTRACT -- 1. INTRODUCTION -- 2. GOVERNANCE -- 3. GOVERNANCE AND ECONOMIC GROWTH -- 4. EMPIRICAL ANALYSIS -- CONCLUSION -- REFERENCES -- Chapter 3 SIZE DISTRIBUTION OF THE LARGEST 100 NON-FINANCIAL MULTINATIONALS -- ABSTRACT -- 1. INTRODUCTION -- 2. METHODOLOGY -- 3. RESULTS -- CONCLUSION -- REFERENCES -- Chapter 4 EFFECTS OF THE TRANSVERSAL FOREIGN DIRECT INVESTMENT ON THE PRODUCTIVITY OF THE MEXICAN ECONOMY -- ABSTRACT -- 1. INTRODUCTION -- 2. THEORY DEVELOPMENT -- 3. METHODOLOGY -- 4. RESULTS -- CONCLUSION -- REFERENCES -- ANNEX I -- Chapter 5 FINANCIAL GLOBALIZATION AND PERIPHERAL STRATEGIES: RECENT EXPERIENCES IN LATIN AMERICA AND LESSONS FROM ASIA -- ABSTRACT -- 1. INTRODUCTION -- 2. WHAT HAS HAPPENED TO THE FINANCIAL WORLD SINCE BRETTON WOODS? -- 3. PERIPHERAL STRATEGIES IN THE FACE OF FINANCIAL INSTABILITY -- 4. TOWARDS THE GLOBAL FINANCIAL CRISIS -- 5. FINAL REMARKS -- REFERENCES -- Chapter 6 FINANCIAL AND TRADE LIBERALIZATION AND THEIR IMPACT ON PRIVATE SECTOR INVESTMENT IN TURKEY -- ABSTRACT -- 1. INTRODUCTION -- 2. TURKISH ECONOMIC BACKGROUND -- 3. FINANCIAL LIBERALISATION AND ITS IMPACT ON GROSS FIXED CAPITAL FORMATION -- 4. LIBERALIZATION PROGRAMMES AND THEIR IMPACT ON ECONOMIC GROWTH AND GROSS FIXED CAPITAL FORMATION -- 4.1. Test of Financial and Trade Liberalization on Real GDP Growth Rate -- 4.2. Test of Financial and Trade Liberalization on Gross Fixed Capital Formation Share of GDP.