The Paradox of Vulnerability : States, Nationalism, and the Financial Crisis / John A. Hall, John L. Campbell.

Format:

Book

Author/Creator:

Campbell, John L., author.

Hall, John A., author.

Series:

Princeton studies in global and comparative sociology.

Princeton Studies in Global and Comparative Sociology

Language:

English

Subjects (All):

Crisis management in government.

Economic history--21st century.

Economic history.

Economics--Sociological aspects.

Economics.

Global Financial Crisis, 2008-2009--Social aspects.

Global Financial Crisis, 2008-2009.

International economic relations.

National characteristics.

Nationalism--Economic aspects.

Nationalism.

Organizational resilience.

Solidarity.

States, Small.

Western countries--Economic conditions--21st century.

Western countries.

Global Financial Crisis (2008-2009).

Genre:

Electronic books.

Physical Description:

1 online resource (xiv, 190 pages).

Place of Publication:

Princeton, NJ : Princeton University Press, [2017]

Language Note:

In English.

Summary:

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. 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 both extensive interviews and secondary data, Campbell and Hall support their claim by focusing on the three states historically and, more important, in their different responses to the 2008 crisis. The authors also devote attention to the difficulties faced by Greece and Iceland. 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. 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.

Contents:

Frontmatter

CONTENTS

PREFACE

ACKNOWLEDGMENTS

ACRONYMS

1. Groundwork

2. Denmark

3. Ireland

4. Switzerland

5. Conclusion

REFERENCES

INDEX

Notes:

Includes bibliographical references and index.

Description based on online resource; title from PDF title page (publisher's Web site, viewed 08. Jul 2019)

ISBN:

9781400887958

140088795X

OCLC:

999306828