To save content items to your account,
please confirm that you agree to abide by our usage policies.
If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account.
Find out more about saving content to .
To save content items to your Kindle, first ensure no-reply@cambridge.org
is added to your Approved Personal Document E-mail List under your Personal Document Settings
on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part
of your Kindle email address below.
Find out more about saving to your Kindle.
Note you can select to save to either the @free.kindle.com or @kindle.com variations.
‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi.
‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.
This article studies the rise and fall of commercial aviation in Iran, then known as Persia, between 1923 and 1932. Two airlines, the German Junkers Luftverkehr AG and Britain’s Imperial Airways, invested significant time and effort in developing air routes but eventually failed due to financial hardship and political intransigence. Exploring this erratic development, the article has two aims: first, to investigate the entangled history of two of the world’s oldest airlines and the challenges they navigated; and second, to assess the fraught relationship between state and business interests. The German and British airlines were rivals in Iran, but they became partly dependent on each other. Both airlines suffered from the global political dynamics of the interwar period while Junkers, in particular, also struggled financially. Meanwhile, the Iranian state had yet to decide whether to view the new technology with enthusiasm or concern. Its ambivalent and reluctant reaction had profound effects on the trajectories of Junkers and Imperial Airways. Assessing the capability of a nascent airline industry to develop viable business models outside of Europe, the article also serves as a case study revealing the headwinds airlines encountered in the earliest phase of commercial aviation.
Understanding the globalized world economy is more important than ever before. This book provides a clear, concise, and up-to-date look at the economic foundations of international finance. The authors explain the principal concepts in an engaging and accessible manner open to students from any discipline, incorporating contemporary finance data through full-colour diagrams and graphs. Throughout, economic models are discussed in the context of recent and current international finance issues, to ensure students gain a concrete understanding and see how the field impacts the real world. Written for upper undergraduate courses, the book includes feature boxes that marry theory and economics in practice to show models applied, a featured real-world application for every chapter, and over 140 end-of-chapter questions help students fully engage with and consolidate their learning. Online resources for instructors include a solutions manual, lecture slides and the book figures as JPEGs.
How do brands cultivate loyalty and influence consumer purchasing decisions? The Power of Brand Ownership explores the complex dynamics between branding and consumer identity within both the physical and digital realms that form our cultural landscape. Miriam J. Johnson uncovers a symbiotic relationship where brands serve not merely as navigational aids in a consumer's journey but also as integral components of self-identity and social projection, and the power that entails. Investigating the nuances of power shifts, brand authenticity, activism, and the gendered nature of consumption, Johnson asserts that brands are both influenced by and influencers of the cultural terrain they inhabit as well as the temporal contexts in which they interact. Theoretical frameworks articulate the fluidity of capital within the consumer-brand nexus whilst insightful case studies illustrate industry examples, revealing the shifting strategies employed by companies to make brands identifiable and desirable in the ever-changing cultural landscape.
Understanding the globalized world economy is more important than ever before. This book provides a clear, concise, and up-to-date look at the economic foundations of international trade. The authors explain the principal concepts in an engaging and accessible manner open to students from any discipline, incorporating contemporary trade data through full-colour diagrams and graphs. Throughout, economic models are discussed in the context of recent and current international trade issues, to ensure students gain a concrete understanding and see how the field impacts the real world. Written for upper undergraduate courses, the book includes feature boxes that marry theory and economics in practice to show models applied, a featured real-world application for every chapter, and over 100 end-of-chapter questions help students fully engage with and consolidate their learning. Online resources for instructors include a solutions manual, lecture slides and the book figures as JPEGs.
In September 2023, the trial at Stockholm District Court against Orrön Energy (previously Lundin Energy) and two corporate directors for complicity in war crimes in Sudan between 1999 and 2003, started. The Lundin case is part of a trend of attempts to hold corporations criminally accountable for their alleged involvement in serious human rights abuses and provides a unique opportunity to assess the possibilities of such attempts in relation to the rights of the victims. This article analyzes how human rights obligations and the objectives of reparations for victims are satisfied by Swedish law and practice in the Lundin trial. It shows that while the law allows victims participating in trial to put forward civil claims, it denies this right to the large number of victims not participating, and the decision early in the Lundin proceedings to separate damage claims from the criminal trial has left the participating victims effectively denied reparations.
An invited contribution to an issue of the Journal of Benefit–Cost Analysis honoring the work of the late Dr. Jerry Ellig, this essay recognizes and draws upon the Regulatory Report Card methodology developed by Ellig and Dr. Patrick McLaughlin to evaluate the quality of regulatory impact analysis published by federal government agencies in conjunction with notice-and-comment rulemaking. The essay anticipates a forthcoming study of changes to tax regulatory practices as a result of a 2018 Memorandum of Agreement between the Treasury Department and the Office of Information and Regulatory Affairs – a study the authors discussed and hoped to conduct with Ellig before he passed away. The essay summarizes the Regulatory Report Card methodology, offers a brief typology of tax regulations, addresses why regulatory impact analysis and the Regulatory Report Card methodology are appropriate for the tax context, but also documents a few tax-specific adjustments to the Regulatory Report Card methodology.
Public sector allocative decisions should reflect, as far as possible, the preferences of those affected by the decisions. Conventional benefit–cost analysis (BCA) will simply aggregate individuals’ private willingness-to-pay (WTP) over all affected individuals to estimate the total benefits of a policy that delivers a public good. Given the nature of a public good, it is not unreasonable to consider that an individual may have altruistic preferences over the consumption of the public good by others. In this paper, we set out the theoretical underpinnings for a new citizen-based WTP, informed by political philosophy. Our model extends the standard social utility model (Bergstrom, 2006) of WTP for a public good when individuals are altruists by incorporating a Veil of Ignorance (VoI; Harsanyi, 1955). Our findings show that our WTP (Citizen) correctly includes altruistic as well as distributional preferences of individuals in society into WTP for use in a BCA. When WTP (Citizen) are aggregated for use in a BCA, equal weight is given to each individual’s preference and the BCA will correctly identify potentially Pareto-improving projects in a consistent manner.
The globalized world economy is more important than ever before. This book provides a clear and up-to-date look at the economic foundations of international economics. Through accessible language and attractive presentation with abundant full-colour diagrams and graphs incorporating contemporary trade data, the authors explain the principal concepts in an engaging manner open to students from any discipline. Throughout, economic models are discussed in the context of recent and current international trade issues to ensure students gain a concrete understanding and see how the field impacts the real world. Written for upper undergraduate courses, the book includes feature boxes that marry theory and economics in practice to show models applied, a featured real-world application for every chapter, and over 240 end of chapter questions help students fully engage with and consolidate their learning. Online resources for instructors include a solutions manual, lecture slides and the book figures as jpgs.
A 'paradigm shift' is currently taking place in leadership. Despite the considerable and influential body of existing theory, leaders were not prepared for the continuous disruptions of the digital era. What happens and how it happens depends on networks. The newly emerging science of networks opens an entirely new horizon on how to lead people, design organizations, and make sense of complex social environments. To be effective, leadership needs to assimilate and adapt to the dynamics of networks. This implies a focus on the quality of connections, how energy and information flow through these connections, and the development of a heightened awareness for the whole. Based on the undeniable logic of networks, the shift in organizational structures which has already taken place will only accelerate in the years to come. Network leadership invites leaders to leave the VUCA world behind and embrace a new WISE world of stability and emergence.
Community service is a common court-ordered sanction in many countries. Individuals sentenced to community service must work a specified number of uncompensated hours at an approved community agency, typically as a condition of probation. A core expectation of court-ordered community service is that the community agencies benefit from this labor. However, very little research examines the organizational and interpersonal dynamics involved when community organizations work with court-ordered community service workers. What are local public and nonprofit organizations' experiences with court-ordered community service workers? How do the workers, themselves, experience court-ordered community service within community agencies? This Element addresses these questions through interviews with thirty-one volunteer managers and thirty-four court-ordered community service workers in two court jurisdictions in northeast Georgia. The Element frames its findings within the volunteer management literature and suggests practices that could improve experiences for both the court-ordered community service worker and the community organization. This title is also available as open access on Cambridge Core.
This chapter compares the living standards provided by sweatshop wages to other alternative living standards in the countries where sweatshops are located. The main finding is that sweatshop pay compares favorably with widespread poverty living standards and agricultural earnings in the countries in which sweatshops operate and often even compares favorably with average living standards.
It is important for the research produced by industrial-organizational (I-O) psychologists to be rigorous, relevant, and useful to organizations. However, I-O psychology research is often not used in practice. In this paper, we (both practitioners and academics) argue that engaged scholarship—a particular method of inclusive, collaborative research that incorporates multiple stakeholder perspectives throughout the research process—can help reduce this academic–practice gap and advance the impact of I-O psychology. To examine the current state of the field, we reviewed empirical evidence of the current prevalence of collaborative research by examining the number of articles that contain nonacademic authors across 14 key I-O psychology journals from 2018 to 2023. We then build on these findings by describing how engaged scholarship can be integrated throughout the research process and conclude with a call to action for I-O psychologists to conduct more collaborative research. Overall, our goal is to facilitate a fruitful conversation about the value of collaborative research that incorporates multiple stakeholder perspectives throughout the research process in hopes of reducing the academic–practice gap. We also aim to inspire action in the field to maintain and enhance the impact of I-O psychology on the future world of work.
This chapter provides a history of sweatshops during the industrial revolution in the United States and Great Britain and explains how higher wages and better conditions were eventually attained. It then looks at the postwar East Asian economies that had sweatshops and that developed more rapidly than Great Britain and the United States did. Finally, the chapter looks at how economic development has taken place over the last two decades in countries that had sweatshops identified in the first edition of this book and how sweatshop wages have improved.
This chapter introduces the economic perspective on sweatshops and some alternatives available to workers. It explains the ethical standard – the welfare of Third World sweatshop workers and other poor people in the countries where sweatshops are located – that will be used throughout the book, and it provides an overview of what will be covered in the coming chapters.
This chapter shows that child labor is common in most countries with sweatshops but that most children don’t work in manufacturing – most work in agriculture or the service sector. Thus, calls to ban imported sweatshop goods made using child labor ends up shifting even more children into agriculture and services where pay is often lower and work less safe. The chapter argues that the process of economic development that raises average incomes has been the main cure for child labor. Anti–child labor laws typically codify improvements that market competition already achieved.
This chapter explains how the market process creates the right capital and technology to promote the process of development. It explains how an institutional environment of economic freedom best promotes the process of development and provides empirical evidence to support this view. It then reviews how economic freedom has evolved in countries that had sweatshops identified in the first edition of this book.
This chapter explains how working conditions and wages are jointly determined. Overall productivity limits total compensation but then how total compensation is split between monetary wages and other working conditions is largely driven by employee preferences. Safer and more pleasant working conditions are what economists call normal goods. When worker compensation goes up, workers demand greater safety and better conditions. Thus, the poor working conditions in sweatshops largely reflect the fact that these workers are desperately trying to feed, clothe, and shelter their families and prefer the bulk of their compensation in monetary wages. The chapter explains how legally mandating better conditions makes workers worse off by both unemploying some workers and changing the mix of compensation into a less desirable mix from the workers’ perspective. It illustrates this lesson with survey evidence from sweatshop workers in Guatemala.