The Paradox of Vulnerability: States, Nationalism, and the Financial Crisis (Princeton Studies in Global and Comparative Sociology)
| Author | : | |
| Rating | : | 4.97 (881 Votes) |
| Asin | : | B06ZYL8ZMV |
| Format Type | : | |
| Number of Pages | : | 415 Pages |
| Publish Date | : | 2015-11-09 |
| Language | : | English |
DESCRIPTION:
Campbell is the Class of 1925 Professor of Sociology at Dartmouth College and professor of political economy at the Copenhagen Business School. John A. John L. Hall is the James McGill Professor of Comparative Historical Sociology at McGill University. . They are the coauthors of The World of States
Enriching our understanding of the 2008 global crisis and of economic life more broadly, this book offers new perspectives on effective institutions and is a welcome corrective to the view that diversity is an impediment to national cohesion."--Prerna Singh, Brown UniversityQUOTE: "This excellent book delivers an unprecedented analysis of the reaction of small countries in Europe to the financial crisis of 2007–08. From the Back Cover"This important and lively book develops a compelling argument about the complex relations between vulnerability and national cohesion. Katzenstein, Cornell University"What enables some small countries to survive global economic forces over which they have no control? Campbell and Hall&rs
The authors also devote attention to the difficulties faced by Greece and Iceland. Lastly, the formula for prosperity presented here is under threat: highly homogeneous societies face challenges in dealing with immigration, with some responding in ways that threaten their success.The Paradox of Vulnerability demonstrates how the size and culture of a nation contribute in significant ways to its ability to handle political and economic pressures and challenges.. Why are small and culturally homogeneous nation-states in the advanced capitalist world so prosperous? Examining how Denmark, Ireland, and Switzerland managed the 2008 financial crisis, The Paradox of Vulnerability shows that this is not an accident. The implications of their argument are profound. First, they show that there is a positive side to nationalism: social solidarity can enhance national prosperity. Second, because globalization now requires all states to become more adaptable, there are lessons here for other states, large and small. John Campbell and John Hall argue that a prolonged sense of vulnerability within both the state and the nation encourages the development of institutions that enable decision makers to act together quickly in order to survive, especially during a crisis.Blending insights from studies of comparative political economy and nationalism and drawing on