Louis Pauly - Academia.edu (original) (raw)
Papers by Louis Pauly
University of British Columbia Press eBooks, 2009
Hong Kong has been one of the fastest growing East Asian economies since the end of the Second Wo... more Hong Kong has been one of the fastest growing East Asian economies since the end of the Second World War. The adoption and practice of economic freedom have been major pillars in its economic success. The experience of Hong Kong has served as a reference for other emerging economies in the region. This seminar will review the global context and ingredients of economic freedom that have brought success and prosperity to Hong Kong. It will ask "what if" questions and elaborate the Hong Kong Challenges to Economic Freedom.
Friends, colleagues and students of Susan Strange gather every year at the annual meeting of the ... more Friends, colleagues and students of Susan Strange gather every year at the annual meeting of the International Studies Association. It has long seemed to me that she haunts the meeting, where to this day an award in her name is regularly given to ‘a person whose singular intellect, assertiveness, and insight most challenge conventional wisdom and intellectual and organizational complacency in the international studies community’. In 2015, the meeting was held in New Orleans, just after the Mardi Gras celebrations. Although I may have enjoyed a bit too much bourbon the night before the meeting began, I swear she returned for a long chat.1
International Organization, 2010
International Journal, 1997
Titans or Behemoths: The Multilateral Development Banks, volume 5, by Roy Culpeper (Ottawa: North... more Titans or Behemoths: The Multilateral Development Banks, volume 5, by Roy Culpeper (Ottawa: North-South Institute, 1997, xx, 191pp).Risking Free Trade: The Politics of Trade in Britain, Canada, Mexico, and the United States by Michael Lusztig (Pittsburgh PA: University of Pittsburgh Press, 1996, x, 180pp).Who Elected the Bankers? Surveillance and Control in the World Economy by Louis W. Pauly (London and Ithaca NY: Cornell University Press, 1997, XIV, 184pp, US$25.00).The New World Order in International Finance, edited by Geoffrey R.D. Underhill (New York: St Martin's, 1997, XVII, 331pp, US$49.95).The accelerated integration of the world economy and its impact on citizens, on the ability to govern, and on the present structure of international organizations have led to a plethora of studies in most social science disciplines. Historians point out that capital and trade reached similar levels of integration in the decades leading up to the first world war. However, the speed at which change is taking place today is unprecedented. Several issues have been explored in depth, including the impact of liberalized trade on wages and unemployment of blue collar workers in industrial countries; of freer trade and capital flows on the environment; of capital flows on the ability of states to conduct their own monetary, fiscal, and social policies. There are also analyses of or prescriptions for the national and international regulatory regimes, if any, that are necessary in the new global environment. Regrettably, and as always, there is little communication among scholars of various disciplines.The books under review here make important contributions to the growing literature and can be read with interest regardless of the disciplinary background of the reader. With some exceptions, annoying jargon is kept to a minimum. Three of the books deal with international lending and finance, but I will begin with the fourth.Lusztig's exploration of the question of why countries liberalize trade is not particularly interesting to a traditionally trained economist because the answer is obvious. Countries act in that manner because it is in their interest to do so. Most introductory economics textbooks devote a chapter to the benefits of free trade by explaining comparative advantage: if each country produces and exports those products which it produces relatively efficiently, the world and each country will be better off in the sense that the value of output and, therefore, total income (gross domestic product) will increase. However, most of them by-pass the problem of trade liberalization: the way it creates gainers and losers in each country and the unhappiness of workers in those industries which are losing their protection at the prospect of becoming unemployed or of being paid less. The main beneficiaries are consumers and resources employed in the export industries. While in theory the gainers compensate the losers, in reality this does not often happen. The losers are more likely to distrust and therefore attempt to block any move towards free trade. Democratic governments, which have to be re-elected, are sensitive to such pressures. Economists have begun to look seriously at these problems, most promisingly through a transaction cost approach focussing on impediments to the development of efficient markets.(f.1)Lusztig takes a political science approach, arguing that free trade may be achieved as a by-product of a pursuit of other objectives or a means to their realization. In a sense free trade may be one of the bargaining chips thrown in to achieve something else. He argues that existing theories ignore this possibility.In Lusztig's model, trade liberalization refers only to policies which remove direct import barriers affecting at least one-third of total trade volume - an arbitrary figure which he does not defend - and which constitute clear departures from past policies and are politically controversial. …
Canadian Public Policy / Analyse de Politiques, 1989
The Institute for Research on Public Policy L'Institut de recherches politiques A nation... more The Institute for Research on Public Policy L'Institut de recherches politiques A national, independent, research organization Un organisme de recherche national el independant Founded in 1972, The Institute for Research on Public Policy is a national organization whose ...
Canadian Journal of Political Science, 1990
International Affairs, 1987
International Journal, 2003
Contemporary Sociology, 1999
Chapter 1 NATIONAL FIRMS IN GLOBAL COMMERCE WITHOUT stable political foundations, markets collaps... more Chapter 1 NATIONAL FIRMS IN GLOBAL COMMERCE WITHOUT stable political foundations, markets collapse. Following years of depression and world war earlier in this century, the United States and its allies rebuilt an interna- tional economy around such an ...
Global Governance: A Review of Multilateralism and International Organizations, 2001
... form of monetarism-got much of the attention during the 1980s, Boughton traces the more endur... more ... form of monetarism-got much of the attention during the 1980s, Boughton traces the more enduring impact of the revolution as it shifted attention to structural ... impediments to efficient markets. ... But can the IFIs really be separated from the economic order they now symbolize? ...
Critique internationale, 2002
This edited volume examines power in its different dimensions in global governance. Scholars tend... more This edited volume examines power in its different dimensions in global governance. Scholars tend to underestimate the importance of power in international relations because of a failure to see its multiple forms. To expand the conceptual aperture, this book presents and employs a taxonomy that alerts scholars to the different kinds of power that are present in world politics. A team of international scholars demonstrate how these different forms connect and intersect in global governance in a range of different issue areas. Bringing together a variety of theoretical perspectives, this volume invites scholars to reconsider their conceptualization of power in world politics and how such a move can enliven and enrich their understanding of global governance.
University of British Columbia Press eBooks, 2009
Hong Kong has been one of the fastest growing East Asian economies since the end of the Second Wo... more Hong Kong has been one of the fastest growing East Asian economies since the end of the Second World War. The adoption and practice of economic freedom have been major pillars in its economic success. The experience of Hong Kong has served as a reference for other emerging economies in the region. This seminar will review the global context and ingredients of economic freedom that have brought success and prosperity to Hong Kong. It will ask "what if" questions and elaborate the Hong Kong Challenges to Economic Freedom.
Friends, colleagues and students of Susan Strange gather every year at the annual meeting of the ... more Friends, colleagues and students of Susan Strange gather every year at the annual meeting of the International Studies Association. It has long seemed to me that she haunts the meeting, where to this day an award in her name is regularly given to ‘a person whose singular intellect, assertiveness, and insight most challenge conventional wisdom and intellectual and organizational complacency in the international studies community’. In 2015, the meeting was held in New Orleans, just after the Mardi Gras celebrations. Although I may have enjoyed a bit too much bourbon the night before the meeting began, I swear she returned for a long chat.1
International Organization, 2010
International Journal, 1997
Titans or Behemoths: The Multilateral Development Banks, volume 5, by Roy Culpeper (Ottawa: North... more Titans or Behemoths: The Multilateral Development Banks, volume 5, by Roy Culpeper (Ottawa: North-South Institute, 1997, xx, 191pp).Risking Free Trade: The Politics of Trade in Britain, Canada, Mexico, and the United States by Michael Lusztig (Pittsburgh PA: University of Pittsburgh Press, 1996, x, 180pp).Who Elected the Bankers? Surveillance and Control in the World Economy by Louis W. Pauly (London and Ithaca NY: Cornell University Press, 1997, XIV, 184pp, US$25.00).The New World Order in International Finance, edited by Geoffrey R.D. Underhill (New York: St Martin's, 1997, XVII, 331pp, US$49.95).The accelerated integration of the world economy and its impact on citizens, on the ability to govern, and on the present structure of international organizations have led to a plethora of studies in most social science disciplines. Historians point out that capital and trade reached similar levels of integration in the decades leading up to the first world war. However, the speed at which change is taking place today is unprecedented. Several issues have been explored in depth, including the impact of liberalized trade on wages and unemployment of blue collar workers in industrial countries; of freer trade and capital flows on the environment; of capital flows on the ability of states to conduct their own monetary, fiscal, and social policies. There are also analyses of or prescriptions for the national and international regulatory regimes, if any, that are necessary in the new global environment. Regrettably, and as always, there is little communication among scholars of various disciplines.The books under review here make important contributions to the growing literature and can be read with interest regardless of the disciplinary background of the reader. With some exceptions, annoying jargon is kept to a minimum. Three of the books deal with international lending and finance, but I will begin with the fourth.Lusztig's exploration of the question of why countries liberalize trade is not particularly interesting to a traditionally trained economist because the answer is obvious. Countries act in that manner because it is in their interest to do so. Most introductory economics textbooks devote a chapter to the benefits of free trade by explaining comparative advantage: if each country produces and exports those products which it produces relatively efficiently, the world and each country will be better off in the sense that the value of output and, therefore, total income (gross domestic product) will increase. However, most of them by-pass the problem of trade liberalization: the way it creates gainers and losers in each country and the unhappiness of workers in those industries which are losing their protection at the prospect of becoming unemployed or of being paid less. The main beneficiaries are consumers and resources employed in the export industries. While in theory the gainers compensate the losers, in reality this does not often happen. The losers are more likely to distrust and therefore attempt to block any move towards free trade. Democratic governments, which have to be re-elected, are sensitive to such pressures. Economists have begun to look seriously at these problems, most promisingly through a transaction cost approach focussing on impediments to the development of efficient markets.(f.1)Lusztig takes a political science approach, arguing that free trade may be achieved as a by-product of a pursuit of other objectives or a means to their realization. In a sense free trade may be one of the bargaining chips thrown in to achieve something else. He argues that existing theories ignore this possibility.In Lusztig's model, trade liberalization refers only to policies which remove direct import barriers affecting at least one-third of total trade volume - an arbitrary figure which he does not defend - and which constitute clear departures from past policies and are politically controversial. …
Canadian Public Policy / Analyse de Politiques, 1989
The Institute for Research on Public Policy L'Institut de recherches politiques A nation... more The Institute for Research on Public Policy L'Institut de recherches politiques A national, independent, research organization Un organisme de recherche national el independant Founded in 1972, The Institute for Research on Public Policy is a national organization whose ...
Canadian Journal of Political Science, 1990
International Affairs, 1987
International Journal, 2003
Contemporary Sociology, 1999
Chapter 1 NATIONAL FIRMS IN GLOBAL COMMERCE WITHOUT stable political foundations, markets collaps... more Chapter 1 NATIONAL FIRMS IN GLOBAL COMMERCE WITHOUT stable political foundations, markets collapse. Following years of depression and world war earlier in this century, the United States and its allies rebuilt an interna- tional economy around such an ...
Global Governance: A Review of Multilateralism and International Organizations, 2001
... form of monetarism-got much of the attention during the 1980s, Boughton traces the more endur... more ... form of monetarism-got much of the attention during the 1980s, Boughton traces the more enduring impact of the revolution as it shifted attention to structural ... impediments to efficient markets. ... But can the IFIs really be separated from the economic order they now symbolize? ...
Critique internationale, 2002
This edited volume examines power in its different dimensions in global governance. Scholars tend... more This edited volume examines power in its different dimensions in global governance. Scholars tend to underestimate the importance of power in international relations because of a failure to see its multiple forms. To expand the conceptual aperture, this book presents and employs a taxonomy that alerts scholars to the different kinds of power that are present in world politics. A team of international scholars demonstrate how these different forms connect and intersect in global governance in a range of different issue areas. Bringing together a variety of theoretical perspectives, this volume invites scholars to reconsider their conceptualization of power in world politics and how such a move can enliven and enrich their understanding of global governance.