Critics and defenders of multinational corporations often agree on at least one thing: that the activities of multinationals are creating an overwhelmingly powerful global market that is quickly rendering national borders obsolete. The authors of this book, however, argue that such expectations commonly rest on a myth. They examine key activities of multinational corporations in the United States, Japan, and Europe and explore the relationship between corporate behavior and national institutions and cultures. They demonstrate that the world's leading multinationals continue to be shaped decisively by the policies and values of their home countries and that their core operations are not converging to create a seamless global market. With a wealth of fresh evidence, the authors show that Japanese and German multinationals, in particular, remain only weakly committed to laissez-faire policy orientations and continue to exhibit strong allegiance to national goals in such areas as investment and employment. They also bring to light the consequences of enduring differences in government policies on, for example, industrial cartels, capital markets, and research and development. The authors agree that the world economy is becoming more complex and integrated as overt barriers to trade and investment fall away. But they conclude that the extent of this integration is decisively limited by structural divergence at the level of the firm. The book will be essential reading for those seeking to understand the growing interdependence of still-distinctive industrial societies and the wellsprings of the true global economy.
A vital and important look at the rise of a security state that is transforming the nature of our democracy In the aftermath of 9/11, in lockstep with booming technological advancements, a new and more authoritarian form of governance is upplanting liberal democracy. The creation of the Security Industrial Complex — an “internal security state–within–the–state” fueled by tech companies, private security firms, and the Intelligence Community to the tune of $120 billion a year — is intruding on civil liberties to an unprecedented extent. Politicians tolerate it; some citizens welcome it, thinking it may be the way to keep America safe in a time of uncertainty and terrorism. But how real is this threat, and is it worth the loss of our individual privacy? As a society, we have yet to comprehend the meaning of universal digital interconnection, its impact on our psychology, and its transformation of our government and society. America is at a crossroads in contending with a security goliath; allowing the beginnings of a police state, and the conversion of our of our “liberal democracy” to a “secure democracy”— one where government overreaches, tramples on civil liberties, and harnesses great advancements in technology to spy on the populace. Keller walks us through what these changes can mean to our society and, more importantly, what we can do to halt our march toward intrusive and widespread surveillance. An urgent wakeup call for a country in crisis, Democracy Betrayed is a timely and deeply important book about the future of America.
In the super-heated anticommunist politics of the early Cold War period, American liberals turned to the FBI. With the Communist party to the left of them and McCarthyism to the right, liberal leaders saw the Bureau as the only legitimate instrument to define and protect the internal security interests of the state. McCarthyism provided ample proof of the dangers of security by congressional investigation. In response, liberals delegated extensive powers to J. Edgar Hoover--creating a domestic intelligence capacity that circumvented constitutional and legal controls. This balanced account of the link between liberal leaders in the United States and the growth of the FBI will appeal to a broad audience of readers interested in the American political climate. William Keller identifies a tension between liberalism and the security of the state that can never be fully resolved, and analyzes the exact mechanisms through which liberals and liberal government came to tolerate and even venerate an authoritarian state presence in their midst. The author shows how the liberal offensive against domestic communism succeeded both in weakening McCarthyism and in disabling the Communist party in the United States. What was the cost of these successes? Keller's answer assesses the liberal community's contribution to changes in the FBI between 1950 and 1970: its transformation into an independent, unaccountable political police. Originally published in 1989. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Latin America and the Caribbean (LAC) has made slow but consistent progress addressing the imbalances induced by the pandemic in an international environment that is just now showing signs of stabilizing. Despite favorable macroeconomic management, high interest rates and fiscal imbalances remain challenging while growth rates remain lackluster due to long-standing structural issues. Looking forward, an aging workforce and rising violence will increasingly complicate policy. This report focuses particularly on weak competitive forces as a source of low productivity, low growth, and low welfare in LAC. It emphasizes the need for effective competition institutions, pro-competition regulatory frameworks, complementary policies to improve the capabilities of workers and firms, and enhanced innovation systems, to prepare local industries to reach the technological frontier and face global competition. Furthermore, the report underscores the need for reforms to prevent large businesses from exerting undue political influence over policy decisions.
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