< < <
Date Index
> > >
New volumes on global capitalism
by Tausch, Arno
15 January 2002 17:27 UTC
< < <
Thread Index
> > >
Please pass this on to your list: with kind regards
Arno Tausch

Announcing from NOVA


1) Global Keynesianism: Unequal Exchange and Global Exploitation
by Gernot Kohler Arno Tausch 

List Price: $69.00

Nova Science Publishers, Inc.; ISBN: 1590330021 

2) Globalization and European Integration
by Arno Tausch Peter Herrmann 

List Price: $59.00

Hardcover (January 2002) 
Nova Science Publishers, Inc.; ISBN: 1560729295 

Book Description 
This study is the outcome of empirical research on the development and decay
tendencies of the capitalist world economy since the early 1980s and the
role that Europe will play in these constellations. Over these years the
conclusion was reached that the logic of capitalist world development
changes with the ups and downs of longer Kondratieff cycles, and that
different periods of hegemony and of world political constellations,
connected with these Kondratieff cycles, in turn give rise to different
constellations of world economic ascent and decline. Those that hoped that
world trade and open financial markets would shift incomes in favor of the
poor, must now recognize that - however we look at the figures - there is a
tendency towards rising poverty on a global scale, especially after the
Asian crash of 1997. 

3) The three pillars of wisdom? A reader on globalization, World Bank
pension models and welfare society.

Arno Tausch (Ed)

with contributions by 

John Turner, Robert Holzmann, Franz Rothenbacher, Jeja Pekka Roos, Walter
Cadette, Göran Normann, Daniel J. Mitchell, Martin Rein, Gemma Abío, Joan
Gil, Concepció Patxot, Gerhard Buczolich, Bernhard Felderer, Reinhard Koman,
Andreas Ulrich Schuh, Eva Belabed, Stephen J. Kay, Syed Mansoob Murshed,
Gordon Laxer, Frank Stilwell, Ted Wheelwright, Kunibert Raffer, Arno Tausch,
The Twelve Theses of New Delhi

© Nova Science

Huntington, New York, 2002 (now forthcoming)

Contributors    6
Foreword        9
Introductory essay: Social Policy and social security in an Age of
Globalization   10
Arno Tausch     10
Part I Social Protection in an Era of the Waning Welfare State  81
Social Security Development and Reform around the World 81
John Turner     81
A Provocative Note on Coverage in Public Pension Schemes        96
Robert Holzmann 96
The Changing Public Sector in Europe: Social Structure, Income and Social
Security        111
Franz Rothenbacher      111
The consequences of the crisis of the 1990s to the Nordic Welfare State:
Finland and Sweden      118
Jeja Pekka Roos 118
Part II Three pillar pension systems    132
Social Security Privatization - A Bad Idea      133
Walter M. Cadette       133
Pension Reform in Sweden: lessons for American Policymakers     139
Göran Normann and Daniel Mitchell       139
Public-Private Interactions: Mandatory Pensions in Australia, the
Netherlands and Switzerland     156
Martin Rein and John Turner     156
The Viability of the Spanish Social Security System: A Generational
Accounting Perspective  193
Gemma Abío; Joan Gil and Concepció Patxot       193
Pension reform in Austria       209
Gerhard Buczolich, Bernard Felderer, Reinhard Koman, Andreas Ulrich Schuh
Pension Reform Why ? How ? What for ?   232
Eva Belabed     232
Testimony Before the House Committee on Ways and Means Hearing on Social
Security Reform Lessons Learned in Other Countries      245
Stephen Kay     245
S Mansoob Murshed       253
Part III: Globalization and Welfare Society     271
Transnational Corporations, Social Capital Funds and Location Commitment
Gordon Laxer    272
Globalisation: Driving forces and political responses. what role for pension
funds?  294
Frank Stilwell  294
Developments in the Global Economy and their Effects on Australia       304
Ted Wheelwright 304
Globalization and Financial markets     312
Kunibert Raffer 312
Part IV - Empirical Analyses about the Relationship between Pension Reform
and Economic Growth     330
World Bank Pension reforms and global capitalism. macro-quantitative
Analyses of their effects on social welfare     331
Arno Tausch     331
Part V - The Need for Global Welfare    333
S Mansoob Murshed       334
Final Declaration Twelve Theses of New Delhi    335
Jawaharlal Nehru University, New Delhi, International Seminar on Welfare
State Systems: Development and Challenges 9 - 11 April 2001     335
Part VI: Interdisciplinary Bibliography: Globalization and Social Policy
Arno Tausch     336


John Turner is researcher at the Public Policy Institute of the American
Association of Retired People, AARP, in Washington D.C. 


Robert Holzmann is professor of economics at Saarbruecken University
(Germany) (presently on leave) and is Director of the Social Protection
Department of the Human Development Network of the World Bank. 

rholzmann@worldbank.org <mailto:rholzmann@worldbank.org>

Franz Rothenbacher is a sociologist at the Mannheim Centre for European
Social Research (MZES). 


Jeja Pekka Roos is professor of Social Policy at Helsinki University. 


Walter Cadette is a senior researcher at the Jerome Levy Institute of
Economics in New York, USA. He is a retired vice president of J.P. Morgan &


Göran Normann is associate professor of Economics at the University of Lund,
Sweden and President of Normann Economics International based in Stockholm
and Paris. 


Daniel J. Mitchell is researcher at the Heritage Foundation in Washington
D.C., USA. 


Martin Rein is professor of social policy at the Massachusetts Institute of
Technology Department of Urban Studies and Planning. 


Gemma Abío is an assistant professor at the Grup de Recerca en Economia de
la Política Social in the Departament de Teoria Econòmica, Facultat de
Ciències Econòmiques i Empresarials, Universitat de Barcelona (Barcelona

abio@eco.ub.es <mailto:abio@eco.ub.es>

Joan Gil is an associate professor at the Grup de Recerca en Economia de la
Política Social in the Departament de Teoria Econòmica, Facultat de Ciències
Econòmiques i Empresarials, Universitat de Barcelona (Barcelona University).

jgil@eco.ub.es <mailto:jgil@eco.ub.es>

Concepció Patxot is an assistant professor at the Grup de Recerca en
Economia de la Política Social in the Departament de Teoria Econòmica,
Facultat de Ciències Econòmiques i Empresarials, Universitat de Barcelona
(Barcelona University). 

patxot@eco.ub.es <mailto:patxot@eco.ub.es>

Gerhard Buczolich is a Ministerial Counselor in the Federal Ministry of
Social Security and Generations in Austria. He is Deputy Director of the
Department for Bilateral and International Social Security of that Ministry.

Gerhard.Buczolich@bmsg.gv.at <mailto:Gerhard.Buczolich@bmsg.gv.at>

Bernhard Felderer is Director of the Institute for Advanced Studies in
Vienna, Austria. 

felderer@ihs.ac.at <mailto:felderer@his.ac.at>

Reinhard Koman is researcher at the Institute for Advanced Studies in
Vienna, Austria. 

koman@ihs.ac.at <mailto:koman@ihs.ac.at>

Andreas Ulrich Schuh is researcher at the Department of Economics at the
Institute for Advanced Studies in Vienna, Austria. 

schuh@ihs.ac.at <mailto:schuh@ihs.ac.at>

Eva Belabed is Managing Director of the ISW (Institute for Social Science
and Economics) and Head of the Department for European Affairs at Austrian
Chamber of Labour in Upper Austria. She is also a member of the European
Economic and Social Committee of the European Union. 

Belabed Eva[SMTP:Belabed.E@ak-ooe.at] <mailto:[SMTP:Belabed.E@ak-ooe.at]>

Stephen J. Kay is a researcher at the Federal Reserve Bank in Atlanta,
Georgia, USA. 



Syed Mansoob Murshed is associate professor of development economics at the
Institute for Social Studies in The Hague and at the United Nations World
Institute for Development Economics Research (WIDER) in Helsinki. 


Gordon Laxer is professor of political economy at the University of Alberta,


Frank Stilwell is professor of Political Economy at Sydney University,


Ted Wheelwright is professor emeritus of Economics and Geography at Sydney
University and director of the Transnational Corporations Research Project,
Sydney, Australia. 

Chris Williams [SMTP:cwilliams@staff.usyd.edu.au]

Kunibert Raffer is associate professor of Economics at Vienna University,


Arno Tausch is Ministerial Counselor in the Ministry of Social Security and
Generations in Vienna, Austria, and an Associate Visiting Professor of
Political Science at Innsbruck University. 


In an age of uncertainty and change, it is the task of social science at
least to present solid evidence that allows a beam of light into the
darkness. One might be tempted, perhaps to state that in the morning of
September 11th 2001 in Manhattan, globalization had reached its limits, and
that from now on, like during the 1920s, the pendulum swings again against
the principle of the market economy on a global scale. 

Since the late 1970s and early 1980s, when first in the Pacific rim
countries a new phase of world-wide capitalism began to take shape, and
spread globally, and throughout the world neo-liberalism substituted
Keynesianism as the main economic paradigm, moves to radically change the
hitherto existing public pension models, that were based on contributions
paid in a particular year by current workers (Pay-As-You-Go, PAYGO
financing), gathered speed. 

The demographic changes that are ahead of us additionally increase the
importance of regulations concerning the incomes and the economic fortunes
of the elderly.

Thus we are confronted with a deep and thorough re-writing of the social
contract that evolved in the late 19th Century and guaranteed the welfare of
the elderly in a great number of countries.

Not only in Latin America, where Chile under the generals paved the way, but
also in East Central Europe after the end of communism, and even in some
former advanced welfare democracies like Australia, Denmark, the
Netherlands, Switzerland and the United Kingdom far-reaching measures to
reform the PAYGO-pension systems were introduced. The list of countries with
privatisation or pre-funding of the pension system grows longer and longer,
and even in Sweden, the classic example of a Keynesian social welfare state
from the 1930s onwards, the pension system has been drastically reformed.
There are 18 countries, according to the World Bank study Brooks and James;
that fully introduced a three pillar, funded model, and many of them in
addition introduced notional pension accounts following the Swedish model
(see Normann and Mitchell in this volume). These two criteria would be
sufficient to talk about a real 'World Bank pension reform'. The World Bank
thus starts from the assumption, that the following countries have reformed
their pension systems in the direction of a three-pillar model:

El Salvador
United Kingdom

Ever since the days of German Imperial Chancellor Otto von Bismarck
(1815-1898), the idea of social security and the capitalist state are
closely linked. Radical moves to change the balance, established by the
public pension systems, require the closer attention not only of the
international social policy debate, but also of the world systems research
community. There is no doubt that in the United States under President Bush
and in the remaining countries of the European Union, and in many other
states around the globe, the conversion of still existing public PAYGO
pension systems to (partially) funded pension systems, especially those
based on a compulsory funding system, will further intensify and gather

The present volume tries to close this gap. The reader thus is intended to
bring together two discussion strings - the world systems debate and the
pension reform debate that rarely met each other before. The basic message
of the reader is that - however we evaluate the funded pension reform
alternatives-, they will qualitatively and quantitatively become a major
force in the capitalist world economy and that they will transform the
nature of the capitalist system substantially over the coming years.

In itself, moves to radically alter existing pension systems would merit the
attention of world systems research. For Volker Bornschier (1996), the core
countries-grouped around the triad formed by the United States, Japan, and
the European Union - have experienced successive waves of change marked by
phases of ascent, unfolding, and decay of societal models, of which social
security along the lines of the PAYGO-model formed and integral part. What
according to Bornschier seemed stable and predictable in past decades came
close to collapse or broke down entirely. A new order, with a fresh, basic
consensus around an overarching set of norms that allows problems to be
solved efficiently, has not yet crystallized. The role of social security
would play an integral part in such a consensus, and our volume is dedicated
to this question.

Bornschier's seminal work (1996) Western Society in Transition should be
especially mentioned in this context as an examination of the succession of
societal models of the Western world and indications of its probable shape
in the future. Bornschier's central question is how a social order does
arise and why does it dissolve? What provides social cohesion? What makes
society progress? We can start from the safe assumption that the PAYGO
systems will be substituted in a majority of countries by funded and
(partially) privatized schemes in future. But what consequence will this
have for the rise and decline of nations, and for social cohesion? However
much world systems research paid attention to the rise of the social welfare
state in earlier periods, and to such phenomena as corporatism and fordism,
that characterized the long cycle of development from the 1930s to the
1980s, there is as yet no coherent and systematic approach to study the
effects of what might become the substitution of one of the main features of
the capitalist state in the center, the system of public social security, by
a new and completely different system.

4) now available in paperback: Global Capitalism, Liberation Theology, and
the Social Sciences : An Analysis of the Contradictions of Modernity at the
Turn of the Millennium

Nova Science, paperback, January 2002

Book Description 
At a time of the profound crisis of the world capitalist system, a group of
social scientists and theologians takes up anew the issue of liberation
theology. Having arisen out of the struggle of the poor Churches in the
world's South, its pros and cons dominated the discourse of the Churches
throughout much of the 1970s and 1980s. Then, dependency theory was
considered to be the analytical tool at the basis of liberation theology.
But the world economy - since the Fall of the Berlin Wall - has dramatically
changed to become a truly globalized capitalist system in the 1990s. Even in
their wildest imaginations, social scientists from the dependency tradition
and theologians alike would not have predicted for example the elementary
force of the Asian and the Russian crisis of today. The Walls have gone, but
poverty and social polarization spread to the center countries. After having
initially rejected Marxist ideology in many of the liberation theology
documents, the Vatican and many other Christian Church institutions moved
forward in the 1980s 1990s to strongly declare their "preferential option
for the poor". Now, the authors of this book, among them Samir Amin, one of
the founders of the world system approach, take up the issues of this
preferential option anew and arrive at an ecumenical vision of the dialogue
between theology and world system theory at the turn of the new millenium. 

Contents: Introduction; 1 Introduction (Andreas Müller, Arno Tausch & Paul
M. Zulehner); Towards an ecumenical view of capitalism and the religions  of
the Book ; 2 Judaism, Christianism, Islam. (Samir Amin); Formulating a
Liberation Theology agenda of the 1990s and beyond; 3 Economics and
Theology. Reflections on the Market, Globalization, and the Kingdom of God
(Jung Mo Sung); 4 Saint Francis and Capitalist Modernity: A View from the
South (Alberto Moreira); 5 Feminism in the Country of Liberation Theology
(Krystyna Tausch); 6. Ethical, biblical and theological aspects of the debt
burden (Andreas F. Müller OFM); The lessons of  critical development
research and the contemporary capitalist world system; 7 The Heritage of
Raúl Prebisch for a Humane World (Steffen Flechsig); 8 Liberation Theology
and the Social Sciences: Seven Hypotheses about the World Capitalist System
in Our Age (Arno Tausch); Appendix to Chapter 8; 9 Development in the Light
of Recent Debates about Development Theory (Mansoob Murshed); 10 New Forms
of Dependency in the World System (Kunibert Raffer); The challenges of
globalization and transnational integration; 11 Towards a Theology of the
Democratization of Europe (Severin Renoldner); 12 The Race to the Bottom
(Robert J. Ross); 13 New departures. On the social positioning of the
Christian Churches before and after communism in Central and Eastern Europe
(Paul Michael Zulehner); Statistical Appendix - Poverty, Dependency, Human
Rights Violations and Economic Growth in the World System; Literature: An
Attempt at an Ecumenical and Cross-Cultural Bibliography

< < <
Date Index
> > >
World Systems Network List Archives
at CSF
Subscribe to World Systems Network < < <
Thread Index
> > >