Austerity Measures

Austerity Measures

PENGUIN BOOKS AUSTERITY MEASURES 'Austerity is a selfdefeating
economic policy which has taken an ugly toll in Greece. The silver lining is that,
along with the mass unemployment and the rise of Nazism that it engendered,
austerity ...

Author: Karen Van Dyck

Publisher: Penguin UK

ISBN: 9780241250631

Category: Poetry

Page: 496

View: 228

'I remember caresses, kisses, touching each other's hair. We had no sense that anything else existed' - Elena Penga, 'Heads' 'Nothing, not even the drowning of a child Stops the perpetual motion of the world' - Stamatis Polenakis, 'Elegy' Since the crisis hit in 2008, Greece has played host to a cultural renaissance unlike anything seen in the country for over thirty years. Poems of startling depth and originality are being written by native Greeks, émigrés and migrants alike. They grapple with the personal and the political; with the small revelations of gardening and the viciousness of streetfights; with bodies, love, myth, migration and economic crisis. In Austerity Measures, the very best of the writing to emerge from that creative ferment - much of it never before translated into English - is gathered for the first time. The result is a map to the complex territory of a still-evolving scene - and a unique window onto the lived experience of Greek society now.
Categories: Poetry

The Impact of Austerity Measures on People and Local Government

The Impact of Austerity Measures on People and Local Government

Historically, austerity measures have encompassed welfare cuts rather than tax
increases, and such cuts in turn affect those who are more likely to be dependent
on state provisions. That said, we must start from the simple premise that, ...

Author: Sebwa Domingos

Publisher: Author House

ISBN: 9781496994783

Category: Political Science

Page: 108

View: 728

There is a broad consensus that the impact of austerity measures on people in the United Kingdom will vary from place to place. However, what is less clear is that some people in some local authorities will be hit hardest. The pace in which cuts have been wielded by the coalition government has allowed local authorities little scope to maneuver and devise a good strategy for dealing with the huge loss of revenue in their local budgets. This book seeks to analyze how cutbacks pose severe challenges to local authorities in the United Kingdom, even threatening their ability to provide adequate delivery of benefits and public services to their constituents.
Categories: Political Science

Austerity and Working Class Resistance

Austerity and Working Class Resistance

Many of the austerity measures adopted took a relatively technocratic form in an
attempt to depoliticise the process of austerity policymaking. This was most
obviously the case with the move to change the government's measure of
inflation ...

Author: Adam Fishwick

Publisher: Rowman & Littlefield

ISBN: 9781786603548

Category: Political Science

Page: 232

View: 568

A guide for students and academics looking for a critical and comprehensive collection dealing with contemporary and global cases of protest and resistance.
Categories: Political Science

Government Austerity and Socioeconomic Sustainability

Government Austerity and Socioeconomic Sustainability

improving the fundamentals, mainly by austerity programs aimed at reducing
government budget deficits and debts. ... The imposition of dramatic austerity
measures was also forced by the fact that countries with high spreads were
pushed into ...

Author: P.K. Rao

Publisher: Springer

ISBN: 9783319042350

Category: Business & Economics

Page: 44

View: 873

This short book integrates the imperatives of public debt sustainability with those of socioeconomic sustainability in the context of budget austerity measures. It is argued that poverty, inequality and unemployment problems should be integral aspects of policy frameworks for austerity and fiscal stability. The economics of austerity in much of economic analysis remains narrowly focused and lopsided, since the implications on the role of human capital and loss of prosperity base are usually ignored. This book argues that various misapplications of policies of government austerity can be avoided if greater attention is accorded to the imperatives of maintaining the win-win approaches for socioeconomic resilience and sustainability in conjunction with debt sustainability and/or fiscal stability.
Categories: Business & Economics

Public Policy in International Economic Law

Public Policy in International Economic Law

Austerity measures are “official actions taken by the government during a period
of adverse economic conditions, to reduce its budget deficit using a combination
of spending cuts or tax rises.”95 Governments frequently and cyclically resort to ...

Author: Diane Desierto

Publisher: OUP Oxford

ISBN: 9780191026485

Category: Law

Page: 432

View: 594

States reject inequality when they choose to ratify the International Covenant on Economic, Social and Cultural Rights (ICESCR), but to date the ICESCR has not yet figured prominently in the policy calculus behind States' international economic decisions. This book responds to the modern challenge of operationalizing the ICESCR, particularly in the context of States' decisions within international trade, finance, and investment. Differentiating between public policy mechanisms and institutional functional mandates in the international trade, finance, and investment systems, this book shows legal and policy gateways for States to feasibly translate their fundamental duties to respect, protect, and fulfil economic, social and cultural rights into their trade, finance, and investment commitments, agreements, and contracts. It approaches the problem of harmonizing social protection objectives under the ICESCR with a State's international economic treaty obligations, from the designing and interpreting international treaty texts, up to the institutional monitoring and empirical analysis of ICESCR compliance. In examining public policy options, the book takes into account around five decades of States' implementation of social protection commitments under the ICESCR; its normative evolution through the UN Committee on Economic, Social and Cultural Rights, and the Committee's expanded fact-finding and adjudicative competences under the Optional Protocol to the ICESCR; as well as the critical, dialectical, and deliberative roles of diverse functional interpretive communities within international trade, finance, and investment law. Ultimately, the book shoes how States' ICESCR commitments operate as the normative foundation of their trade, finance, and investment decisions.
Categories: Law

Structural Adjustment and Ethnicity in Nigeria

Structural Adjustment and Ethnicity in Nigeria

The federal government introduced austerity measures in the 1977 and 1978
budgets . These measures included the introduction of fiscal controls , restriction
on imports , especially of consumer items , increase in tariffs , massive cuts in ...

Author: Eghosa E. Osaghae

Publisher: Nordic Africa Institute

ISBN: 9171063730

Category: Social Science

Page: 66

View: 649

Categories: Social Science

Crippled Giant

Crippled Giant

The Act embodied short - and medium - term austerity measures ( in the hope
that the oil glut was only temporary ) which aimed at monetary controls , import
restrictions and public expenditure reduction . Stringent import , foreign exchange
 ...

Author: Eghosa E. Osaghae

Publisher: C. HURST & CO. PUBLISHERS

ISBN: 1850653453

Category: Nigeria

Page: 342

View: 508

Eghosa Osaghae analyzes Nigerian politics since independence in 1960 in relation to the factors that have prevented Nigeria from being the giant that its resources and location in the global system entitle it to be. The conceptual framework links elements of the country's political culture and economy to its colonial creation and current location as a neo-colonial formation.
Categories: Nigeria

Architects of Austerity

Architects of Austerity

IN THE POSTFINANCIAL CRISIS WORLD IS DEFINED BY thestruggle over
austerity. ... engine through the kind of strong fiscal measures that their
predecessors had taken when faced with the Great Depression nearly a century
ago. On the ...

Author: Aaron Major

Publisher: Stanford University Press

ISBN: 9780804790734

Category: Business & Economics

Page: 264

View: 870

Architects of Austerity argues that the seeds of neoliberal politics were sown in the 1950s and 1960s. Suggesting that the postwar era was less socially democratic than we think, Aaron Major presents a comparative-historical analysis of economic policy in the United States, the United Kingdom, and Italy during the early 1960s. In each of these cases, domestic politics shifted to the left and national governments repudiated the conservative economic policies of the past, promising a new way forward. Yet, these social democratic experiments were short-lived and deeply compromised. Why did the parties of change become the parties of austerity? Studies of social welfare policy in these countries have emphasized domestic factors. However, Major reveals that international social forces profoundly shaped national decisions in these cases. The turn toward more conservative economic policies resulted from two critical shifts on the international stage. International monetary organizations converged around an orthodox set of ideas, and a set of institutional transformations within the Bretton Woods system made the monetary community more central to financial management. These changes gave central banks and treasuries the capacity to impose their ideas on national governments. Architects of Austerity encourages us to critically consider the power that we vest in public financial authorities, which have taken on an ever larger role in international economic regulation.
Categories: Business & Economics

Austerity Bites

Austerity Bites

... that disproportionately affected the most vulnerable people in society while
leaving the well-off unscathed.2 By examining the lived experience and'realtime'
reactions of those most affected by a whole raft of bruising austerity measures
the ...

Author: O'Hara, Mary

Publisher: Policy Press

ISBN: 9781447315605

Category: Business & Economics

Page: 320

View: 784

Since it took power in 2010, the Coalition Government in the United Kingdom has pushed through a drastic program of cuts to public spending, all in the name of austerity. The effects on large segments of the population, dependent on programs whose funding was slashed, have been devastating and will be felt for generations. This timely book by journalist Mary O'Hara chronicles the real-world effects of austerity, removing it from the bland, technocratic language of politics and showing just what austerity means in people's lives. Drawing on hundreds of hours of first-person interviews with a wide range of people, the book explores the grim reality of living amid the biggest reduction of the welfare state in the postwar era and offers a compelling corrective to narratives of shared sacrifice.
Categories: Business & Economics

The Age of Austerity

The Age of Austerity

Of course, the nations on the receiving end of the money had to accept and
implement strict austerity measures, known as the “Washington Consensus,” cuts
in government spending, tax reforms, privatization of state companies,
deregulation, ...

Author: Thomas J. Schoenbaum

Publisher: Edward Elgar Publishing

ISBN: 9781781951453

Category: Political Science

Page: 214

View: 335

This provocative look at the global financial crisis argues that the United States, the European Union and Japan have intentionally and unwittingly adopted wrong-headed economic policies in a futile attempt to deal with sovereign debt resulting from the global financial crisis. It offers persuasive evidence of how the politics of austerity fail to encourage economic recovery, and proposes instead a number of alternative ideas and solutions. The book begins with a detailed breakdown of the financial crisis and the government response in the United States, with particular focus on the Dodd-Frank Wall Street Reform and Consumer Protection Act. The author then puts forth a basic three-part plan calling for (1) fundamental tax and entitlement reform; (2) massive economic stimulus in the form of public and private investment to modernize the countryÍs aging infrastructures; and (3) mortgage relief to revitalize the nationÍs housing markets. The book concludes with specific policy proposals designed to achieve these goals and return the US economy to a state of full employment and robust economic growth. This timely and insightful volume will appeal to students and scholars of economics, public policy and finance, as well as anyone with an interest in the recent economic history of the United States.
Categories: Political Science

Public Services and Financial Austerity

Public Services and Financial Austerity

Times commented on the difference between the performance of the UK
economy with a contraction of 0.5% and its austerity measures, compared to the
US economy, with its more Keynesian counter cyclical investment policy,which
showed a ...

Author: R. Latham

Publisher: Springer

ISBN: 9780230355224

Category: Political Science

Page: 264

View: 503

The authors suggest that some of the problems of the public sector are self-inflicted and that current policies may only deliver partial success 'at a price we cannot afford'. It proposes a radical alternative and discusses practical ways it could be implemented. It also explores the threats and opportunities that such an approach might face.
Categories: Political Science

Class Inequality in Austerity Britain

Class Inequality in Austerity Britain

The research Ihave undertaken over the last seven yearsinSt Ann's hasallowed
meto pursuethese questions in acommunity suffering the consequences
ofincreasing class inequality, class prejudiceand theharshest of austerity
measures.

Author: W. Atkinson

Publisher: Springer

ISBN: 9781137016386

Category: Political Science

Page: 195

View: 399

When the Coalition Government came to power in 2010 in claimed it would deliver not just austerity, as necessary as that apparently was, but also fairness. This volume subjects this pledge to critical interrogation by exposing the interests behind the policy programme pursued and their damaging effects on class inequalities. Situated within a recognition of the longer-term rise of neoliberal politics, reflections on the status of sociology as a source of critique and current debates over the relationship between the cultural and economic dimensions of social class, the contributors cover an impressively wide range of relevant topics, from education, family policy and community to crime and consumption, shedding new light on the experience of domination in the early 21st Century.
Categories: Political Science

Fiscal Austerity and Innovation in Local Governance in Europe

Fiscal Austerity and Innovation in Local Governance in Europe

... governance is thus one of the challenges confronting local policymakers in
european countries, in particular in those countries within the euro Zone more
affected by the current fiscal austerity measures. nonetheless, we should bear in
mind ...

Author: Professor Carlos Nunes Silva

Publisher: Ashgate Publishing, Ltd.

ISBN: 9781472432438

Category: Political Science

Page: 206

View: 152

This book offers a broad perspective on some of the organizational and financial problems faced by cities and local governments across Europe and analyses the reactions and reforms implemented to address current economic and public finance conditions. The geographical coverage of the case studies, multidisciplinary background of the contributing authors and focus on a multiplicity of issues and challenges that confront local governments, not just financial issues as is often the case, means this book is relevant to a wide readership.
Categories: Political Science

Administrative Culture 15 1

Administrative Culture 15  1

Austerity measures in the public sector were introduced almost immediately after
the crisis emerged. The first incumbent government (2008-2011) implemented
cutback measures related to the public sector that were rather incremental and ...

Author: Tiina Randma-Liiv

Publisher: Tallinn University of Technology

ISBN:

Category:

Page:

View: 345

Categories:

Transition Economies after 2008

Transition Economies after 2008

All three responded to the crisis by adopting a series of austerity measures. In
2010, the Baltic republics started to recover and recorded GDP growth between
5.5% and 7.6% in 2011. In the light of such temporal sequences of events, there
has ...

Author: Martin Myant

Publisher: Routledge

ISBN: 9781317754367

Category: Political Science

Page: 211

View: 361

The economic crisis of 2008, starting from the crisis in banking in the USA in 2008, affected economic and political development in varied ways around the world. This edited volume covers the impact and policy responses in Eastern Europe and Russia. Taken as a whole, the economies of the former state socialist countries – frequently still referred to for convenience as transition economies – were hit hard by the crisis, suffering falls in GDP in 2009 that were deeper than the average around the world. However, there was considerable variety in the effects on individual countries, with a few continuing to grow while some others suffered quite exceptional falls in output. Policy responses were also quite diverse and do not obviously fit with the nature and severity of economic factors. The more general impacts on political life were also varied. In many cases very much the same governments continued in power, while in others there were significant changes and signs of a growing instability in party and political structures. The articles in this book explore these differences between countries and to set them in a wider international context. This bookw as published a sa special issue of Europe-Asia Studies.
Categories: Political Science

Introduction to International and Global Studies Second Edition

Introduction to International and Global Studies  Second Edition

Austerity measures were immediately implemented but proved inadequate for
recovery. Since 2010, both the IMF and the EU have imposed three more rounds
of austerity measures along with two bailouts— the first in 2010 for $147 billion ...

Author: Shawn C. Smallman

Publisher: UNC Press Books

ISBN: 9781469621661

Category: Political Science

Page: 408

View: 937

This innovative introduction to international and global studies, updated and revised in a new edition, offers instructors in the social sciences and humanities a core textbook for teaching undergraduates in this rapidly growing field. Encompassing the latest scholarship in what is a markedly interdisciplinary endeavor, Shawn Smallman and Kimberley Brown introduce key concepts, themes, and issues and then examine each in lively chapters on essential topics that include the history of globalization; economic, political, and cultural globalization; security, energy, and development; health; agriculture and food; and the environment. Within these topics, the authors explore such timely and pressing subjects as commodity chains, labor (including present-day slavery), human rights, multinational corporations, and the connections among them. New to this edition: * The latest research on debates over privacy rights and surveillance since Edward Snowden's disclosures * Updates on significant political and economic developments throughout the world, including a new case study of European Union, Icelandic, and Greek responses to the 2008 fiscal crisis * The newest information about the rise of fracking, the Fukushima nuclear disaster, the decline of the Peak Oil movement, and climate change, including the latter's effects on the Arctic and Antarctica * A dedicated website with authors' blog and a teaching tab with syllabi, class activities, and well-designed, classroom-tested resources * An updated teacher's manual available online, including sample examination questions, additional resources for each chapter, and special assistance for teaching ESL students * Updated career advice for international studies majors
Categories: Political Science

The Rule of Law in Monetary Affairs

The Rule of Law in Monetary Affairs

19 markus krajewski A. Introduction In June 2011 the United Nations
Independent Expert on foreign debt and human rights,1 Cephas Lumina, issued
a warning that the austerity measures and structural reforms proposed to solve
Greece's ...

Author: Thomas Cottier

Publisher: Cambridge University Press

ISBN: 9781107063631

Category: Law

Page: 656

View: 953

Addresses central monetary law and policy debates, especially the links between international investment law and trade regulation within the WTO.
Categories: Law

The Squeezed Middle

The Squeezed Middle

... public spending is projected to be lower than the US's as a percentage of gross
domestic product (GDP) by 2015.2 The UK government's austerity measures aim,
by 2015/16, to eliminate the deficit altogether, and to ensure that public sector ...

Author: Sophia Parker

Publisher: Policy Press

ISBN: 9781447308935

Category: Business & Economics

Page: 169

View: 271

The squeezed middle brings together leading experts from both sides of the Atlantic to ask what the UK can learn from the US experience of stagnating wages and rising living costs.
Categories: Business & Economics

Capitalism Versus Planet Earth

Capitalism Versus Planet Earth

Taoiseach, Brian Cowen, had to resign following popular opposition to the
austerity measures demanded by the EU and the IMF as a condition of the €85
billion bail-out agreed in November 2010. However, instead of calling an
immediate ...

Author: Fawzi Ibrahim

Publisher: Muswell Press

ISBN: 9780956892096

Category: Business & Economics

Page: 276

View: 952

The dangerous intersection between ecological and economic crisis leaving humanity with a stark choice: maintain capitalism or save the planet
Categories: Business & Economics

The Oxford Handbook of Economic and Institutional Transparency

The Oxford Handbook of Economic and Institutional Transparency

Greece, Ireland, Spain, Portugal, Italy, and the United Kingdom, have already
enacted some painful measures. Others, such as France and Hungary, have
either resisted austerity measures or faced significant social unrest when
austerity ...

Author: Jens Forssbaeck

Publisher: Oxford University Press

ISBN: 9780199394838

Category: Political Science

Page: 624

View: 729

In recent years, the term 'transparency' has emerged as one of the most popular and keenly-touted concepts around. In the economic-political debate, the principle of transparency is often advocated as a prerequisite for accountability, legitimacy, policy efficiency, and good governance, as well as a universal remedy against corruption, corporate and political scandals, financial crises, and a host of other problems. But transparency is more than a mere catch-phrase. Increased transparency is a bearing ideal behind regulatory reform in many areas, including financial reporting and banking regulation. Individual governments as well as multilateral bodies have launched broad-based initiatives to enhance transparency in both economic and other policy domains. Parallel to these developments, the concept of transparency has seeped its way into academic research in a wide range of social science disciplines, including the economic sciences. This increased importance of transparency in economics and business studies has called for a reference work that surveys existing research on transparency and explores its meaning and significance in different areas. The Oxford Handbook of Economic and Institutional Transparency is such a reference. Comprised of authoritative yet accessible contributions by leading scholars, this Handbook addresses questions such as: What is transparency? What is the rationale for transparency? What are the determinants and the effects of transparency? And is transparency always beneficial, or can it also be detrimental (if so, when)? The chapters are presented in three sections that correspond to three broad themes. The first section addresses transparency in different areas of economic policy. The second section covers institutional transparency and explores the role of transparency in market integration and regulation. Finally, the third section focuses on corporate transparency. Taken together, this volume offers an up-to-date account of existing work on and approaches to transparency in economic research, discusses open questions, and provides guidance for future research, all from a blend of disciplinary perspectives.
Categories: Political Science