Книги з теми "Capital extractif"

This chapter looks at the prescription of optimally managing natural resource revenue windfalls by smoothing consumption across generations using an intergenerational sovereign wealth fund that only invests in foreign assets and is not appropriate for resource-rich developing economies. It is better for these economies to use their windfalls to boost investment in the domestic economy, especially when they confront capital scarcity and have poor access to international capital markets. However, it is important for such economies to have a parking fund to temporarily ‘park’ funds until absorption constraints are alleviated, and a stabilization fund to smooth out volatile budgets given the high stochastic volatility of commodity prices, especially if the economy is inflexible and has few other ways of adjusting to price shocks.

All books in this flagship series contain carefully selected substantial extracts from key cases, legislation, and academic debate, providing able students with a stand-alone resource. This chapter, focuses on the free movement of capital and economic and monetary union (EMU). It first considers the movement of capital, one of the four freedoms enshrined in the original Rome Treaty. It then discusses EMU and analyzes the movement towards EMU, and the Treaty provisions that set the legal framework for EMU. The chapter considers arguments for and against EMU and the position of the European Central Bank, concluding with an overview of the stresses and strains of EMU in the light of the banking and financial crisis.

The deep ocean is, by far, the planet’s largest biome and holds a wealth of potential natural assets. Most of the ocean lies beyond national jurisdiction and hence is the responsibility of us all. Human exploitation of the deep ocean is rapidly increasing, becoming more visible to many through the popular media. The scientific literature of deep-sea exploitation and its actual and potential effects has also rapidly expanded as a direct function of this increased national and global interest in deep-sea resources, both biological (e.g. fisheries, genetic resources) and non-biological (e.g. minerals, oil, gas, methane hydrate). At the same time there is a growing interest in deep-sea contamination (including plastics), with many such studies featured in high-profile scientific journals and covered by global media outlets. Finally, climate change is affecting even the deepest regions of our oceans and is a major priority for the international scientific and political agendas. However, there is currently no comprehensive integration of information about resource extraction, pollution and effects of climate change and these topics are only superficially covered in classic textbooks on deep-sea biology. The human race is at a pivotal point in potentially benefitting from the deep ocean’s natural resources and this concise and accessible work provides an account of past explorations and exploitations of the deep ocean, a present understanding of its natural capital and how this may be exploited sustainably for the benefit of humankind whilst maintaining its ecological integrity. The book gives a comprehensive account of geological and physical processes, ecology and biology, exploitation, management, and conservation.

Concentrating on the political and cultural capital that various elites have extracted from notions of the West, this chapter identifies four phases in the development of the most consistently articulated binary opposition in modern Russian culture: Russia’s entry into the European state system in the late seventeenth and eighteenth centuries; the era of national awakening from the Napoleonic wars to the 1860s; the era of mass national politics and decolonization from the 1860s to the 1950s; and the era of American hegemony, globalization and European peace from the 1950s onwards which has eventually caused the Russian nation to reinvent itself in a postcommunist guise.

XXI Century’s irregular migrations have been framed as national security issues, receiving as such, millionaire investments to surveil and punish. Consequently terrifying elements such as the State’s security forces, and the extortionist crime have occupied the borders. Un-der this punitive principle, borders fulfill a critical mission: not letting pass those considered “undesirables”, who do not possess visas o entry permits for the destination countries, or for passing through the transit ones. Under these circumstances, borders prevent and inhibit but never stop the human flow filtering through the borders’ pores, as if it was a ghost following capital looking for a chance to be exploited. In its current metamorpho-sis, the capital despises and degrades the labor force, selecting and extracting its energy, which once used, is discarded and replaced in an intermittent cycle. The works included in this volume unveil these cycles, questioning and reflecting on the free circulation of peo-ple, the nature of border controls, the routes followed by migrants to avoid regulations, and the geopolitical expressions between migrants’ countries of origin and destination.

This chapter traces the long-run development of genuine savings (GS) during the twentieth century using a panel of developed countries (Great Britain, Germany, Switzerland, France, the US, and Australia) and resource-abundant countries in Latin America (Argentina, Brazil, Chile, Colombia, and Mexico) representing approximately 50% of the world’s output in terms of GDP by 1950. It includes large economies and small open economies, and resource-rich and resource-scarce countries, allowing comparison of their historical experiences. Components of GS considered include physical and human capital as well as resource extraction and pollution damages. Generally, there is evidence of positive GS over the course of the twentieth century, although the two world wars and the Great Depression left considerable marks, but also striking differences between Latin American and developed countries when total factor productivity is included; this could be a signal of natural resource curse or technological gaps unnoticed in previous works.

In Terror Capitalism anthropologist Darren Byler theorizes the contemporary Chinese colonization of the Uyghur Muslim minority group in the northwest autonomous region of Xinjiang. He shows that the mass detention of over one million Uyghurs in “reeducation camps” is part of processes of resource extraction in Uyghur lands that have led to what he calls terror capitalism—a configuration of ethnoracialization, surveillance, and mass detention that in this case promotes settler colonialism. Drawing on ethnographic fieldwork in the regional capital Ürümchi, Byler shows how media infrastructures, the state’s enforcement of “Chinese” cultural values, and the influx of Han Chinese settlers contribute to Uyghur dispossession and their expulsion from the city. He particularly attends to the experiences of young Uyghur men—who are the primary target of state violence—and how they develop masculinities and homosocial friendships to protect themselves against gendered, ethnoracial, and economic violence. By tracing the political and economic stakes of Uyghur colonization, Byler demonstrates that state-directed capitalist dispossession is coconstructed with a colonial relation of domination.

This book provides an exposition of company law from a comparative perspective. It analyses important policy issues in the area of company law, including the emergence and nature of the business corporation, EU company law, incorporation and corporate representation, agency problems in the firm, rights of stakeholders and shareholders, minority shareholder protection in corporate control transactions, legal capital, and piercing the corporate veil, as well as corporate insolvency and restructuring law. The book’s main focus is the law of public and private companies in the common law sense (the law of partnerships is referred to and taken into account as necessary). The book’s analysis encompasses the corporate laws of the US, the UK, Germany, and France, as well as the legislative measures adopted by the EU and the relevant case law of the Court of Justice of the EU. It includes edited and, where necessary, translated extracts from leading company case law. The cases are discussed and interpreted in the context of the national and European regulatory frameworks and in light of economic and legal theory, as well as legal history.

In the wake of a 1952 revolution, leaders of Bolivia's National Revolutionary Movement (MNR) embarked on a program of internal colonization known as the "March to the East." In an impoverished country dependent on highland mining, the MNR sought to convert the nation’s vast "undeveloped" Amazonian frontier into farmland, hoping to achieve food security, territorial integrity, and demographic balance. To do so, they encouraged hundreds of thousands of Indigenous Bolivians to relocate from the "overcrowded" Andes to the tropical lowlands, but also welcomed surprising transnational migrant streams, including horse-and-buggy Mennonites from Mexico and displaced Okinawans from across the Pacific. Ben Nobbs-Thiessen details the multifaceted results of these migrations on the environment of the South American interior. As he reveals, one of the "migrants" with the greatest impact was the soybean, which Bolivia embraced as a profitable cash crop while eschewing earlier goals of food security, creating a new model for extractive export agriculture. Half a century of colonization would transform the small regional capital of Santa Cruz de la Sierra into Bolivia's largest city, and the diverging stories of Andean, Mennonite, and Okinawan migrants complicate our understandings of tradition, modernity, foreignness, and belonging in the heart of a rising agro-industrial empire.

All books in this flagship series contain carefully selected substantial extracts from key cases, legislation, and academic debate, providing able students with a stand-alone resource. This new edition includes discussion of new legislation, including: Consumer Rights Act 2015; Insurance Act 2015; Modern Slavery Act 2015; Small Business, Enterprise and Employment Act 2015; Third Parties (Rights against Insurers) Act 2010; Bribery Act 2010; Payment Services Regulations 2009. The text also has analysis of the latest developments in case law, including: Armstrong DLW GmbH v Winnington Networks Ltd and Devani v Republic of Kenya (on personal property law); Mohamud v WM Morrison Supermarkets plc (on vicarious liability); Kelly v Fraser and Thanakharn Kasikorn Thai Chamkat (Mahachon) v Akai Holdings Ltd (on apparent authority); Sinclair Investments (UK) Ltd v Versailles Trade Finance Ltd and European Ventures LLP v Cedar Capital Partners LLC (on agent's secret profits); Bailey v Angove's Pty Ltd (on irrevocable agencies); Cukurova Finance International v Alfa Telecom Turkey Ltd, Gray v G-T-P Group Ltd, and USA v Nolan (on the Financial Collateral Arrangements, No 2, Regulations). The book contains a new introductory section on the impact of Brexit on English commercial law. Insolvency coverage includes discussion of new out-of-court bankruptcy procedure, debt relief orders, and pre-pack administrations.

China has conventionally been considered a land empire whose lack of maritime and colonial reach contributed to its economic decline after the mid-eighteenth century. This book challenges this view, showing that the economic expansion of southeastern Chinese rivaled the colonial ambitions of Europeans overseas. In a story that dawns with the Industrial Revolution and culminates in the Great Depression, the book explains how sojourners from an ungovernable corner of China emerged among the commercial masters of the South China Sea. The book focuses on Chaozhou, a region in the great maritime province of Guangdong, whose people shared a repertoire of ritual, cultural, and economic practices. It traces how Chaozhouese at home and abroad reaped many of the benefits of an overseas colonial system without establishing formal governing authority. Their power was sustained instead through a mosaic of familial, fraternal, and commercial relationships spread across the ports of Bangkok, Singapore, Saigon, Hong Kong, Shanghai, and Swatow. The picture that emerges is not one of Chinese divergence from European modernity but rather of a convergence in colonial sites that were critical to modern development and accelerating levels of capital accumulation. The book reveals how the transoceanic migration of Chaozhouese laborers and merchants across a far-flung maritime world linked the Chinese homeland to an ever-expanding frontier of settlement and economic extraction.

Werner Herzog is the first book-length study of Werner Herzog’s American (in the hemispheric sense) work. It is also the first sustained, book-length study on the question of the political in Herzog’s work. Finally, as part of a series on contemporary directors, it introduces Herzog’s films through the arc of his long career, about 60 films (and counting) over nearly 60 years. The approach is materialist and postcolonial, with systematic attention paid to the historical impulses surrounding the films, both in terms of their history of representation (the stories that the films tell) and their history of production. Special attention is paid to how Herzog upsets our conventional expectations concerning categories such as capital, race, social class, and gender, and to what end. The specific aesthetic grammar of Herzog is essential, especially insofar as it confronts the viewer with political questions of world-historical significance. Although the book deals with dozens of films from across five decades (roughly 1968-2016), its heart is the 1970s and 1980s, and each chapter revolves around a single masterpiece: Aguirre, der Zorn Gottes (1972), Stroszek (1977), Fitzcarraldo (1982), and Cobra Verde (1987). Through these films, Herzog challenges the viewer to rethink the foundational traumas of our liberal capitalist modernity, including discovery and conquest; migration and exploitation; resource extraction; and slavery. The book represents both an introduction to Herzog’s work at large, and a new argument about the significance of his films.

Creativity is at the vanguard of contemporary capitalism, valorized as a form of capital in its own right. It is the centrepiece of the vaunted ‘creative economy’, and within the latter, the creative industries. But what is economic about creativity? How can creative labour become the basis for a distinctive global industry? And how has the solitary artist, a figment of Romantic thought, become the creative entrepreneur of twenty-first-century economic imagining? Such questions have long provoked scholars interested in economics, sociology, management and law. This book offers a fresh approach to the theoretical problems of cultural economy, through a focus on intellectual property (IP) within the creative industries. IP and its associated rights (IPR) are followed as they journey through the creative economy, creating a hybrid IP/IPR that shapes creative products and configures the economic agency of creative producers. The book argues that IP/IPR is the central mechanism in organizing the market for creative goods, helping to manage risk, settle what is valuable, extract revenues, and protect future profits.. Most importantly, IP/IPR is crucial in the dialectic between symbolic and economic value on which the creative industries depend: IP/IPR hold the creative industries together. The book is based on a detailed empirical study of creative producers in the UK, extending sociological studies of markets to an analysis of the UK’s creative industries. It makes an important, empirically grounded contribution to debates around creativity, entrepreneurship, and precarity in creative industries and will be of interest to scholars and policymakers alike.

Hard coal mining is characterised by features that pose numerous challenges to its current operations and cause strategic and operational problems in planning its development. The most important of these include the high capital intensity of mining investment projects and the dynamically changing environment in which the sector operates, while the long-term role of the sector is dependent on factors originating at both national and international level. At the same time, the conditions for coal mining are deteriorating, the resources more readily available in active mines are being exhausted, mining depths are increasing, temperature levels in pits are rising, transport routes for staff and materials are getting longer, effective working time is decreasing, natural hazards are increasing, and seams with an increasing content of waste rock are being mined. The mining industry is currently in a very difficult situation, both in technical (mining) and economic terms. It cannot be ignored, however, that the difficult financial situation of Polish mining companies is largely exacerbated by their high operating costs. The cost of obtaining coal and its price are two key elements that determine the level of efficiency of Polish mines. This situation could be improved by streamlining the planning processes. This would involve striving for production planning that is as predictable as possible and, on the other hand, economically efficient. In this respect, it is helpful to plan the production from operating longwalls with full awareness of the complexity of geological and mining conditions and the resulting economic consequences. The constraints on increasing the efficiency of the mining process are due to the technical potential of the mining process, organisational factors and, above all, geological and mining conditions. The main objective of the monograph is to identify relations between geological and mining parameters and the level of longwall mining costs, and their daily output. In view of the above, it was assumed that it was possible to present the relationship between the costs of longwall mining and the daily coal output from a longwall as a function of onerous geological and mining factors. The monograph presents two models of onerous geological and mining conditions, including natural hazards, deposit (seam) parameters, mining (technical) parameters and environmental factors. The models were used to calculate two onerousness indicators, Wue and WUt, which synthetically define the level of impact of onerous geological and mining conditions on the mining process in relation to: —— operating costs at longwall faces – indicator WUe, —— daily longwall mining output – indicator WUt. In the next research step, the analysis of direct relationships of selected geological and mining factors with longwall costs and the mining output level was conducted. For this purpose, two statistical models were built for the following dependent variables: unit operating cost (Model 1) and daily longwall mining output (Model 2). The models served two additional sub-objectives: interpretation of the influence of independent variables on dependent variables and point forecasting. The models were also used for forecasting purposes. Statistical models were built on the basis of historical production results of selected seven Polish mines. On the basis of variability of geological and mining conditions at 120 longwalls, the influence of individual parameters on longwall mining between 2010 and 2019 was determined. The identified relationships made it possible to formulate numerical forecast of unit production cost and daily longwall mining output in relation to the level of expected onerousness. The projection period was assumed to be 2020–2030. On this basis, an opinion was formulated on the forecast of the expected unit production costs and the output of the 259 longwalls planned to be mined at these mines. A procedure scheme was developed using the following methods: 1) Analytic Hierarchy Process (AHP) – mathematical multi-criteria decision-making method, 2) comparative multivariate analysis, 3) regression analysis, 4) Monte Carlo simulation. The utilitarian purpose of the monograph is to provide the research community with the concept of building models that can be used to solve real decision-making problems during longwall planning in hard coal mines. The layout of the monograph, consisting of an introduction, eight main sections and a conclusion, follows the objectives set out above. Section One presents the methodology used to assess the impact of onerous geological and mining conditions on the mining process. Multi-Criteria Decision Analysis (MCDA) is reviewed and basic definitions used in the following part of the paper are introduced. The section includes a description of AHP which was used in the presented analysis. Individual factors resulting from natural hazards, from the geological structure of the deposit (seam), from limitations caused by technical requirements, from the impact of mining on the environment, which affect the mining process, are described exhaustively in Section Two. Sections Three and Four present the construction of two hierarchical models of geological and mining conditions onerousness: the first in the context of extraction costs and the second in relation to daily longwall mining. The procedure for valuing the importance of their components by a group of experts (pairwise comparison of criteria and sub-criteria on the basis of Saaty’s 9-point comparison scale) is presented. The AHP method is very sensitive to even small changes in the value of the comparison matrix. In order to determine the stability of the valuation of both onerousness models, a sensitivity analysis was carried out, which is described in detail in Section Five. Section Six is devoted to the issue of constructing aggregate indices, WUe and WUt, which synthetically measure the impact of onerous geological and mining conditions on the mining process in individual longwalls and allow for a linear ordering of longwalls according to increasing levels of onerousness. Section Seven opens the research part of the work, which analyses the results of the developed models and indicators in individual mines. A detailed analysis is presented of the assessment of the impact of onerous mining conditions on mining costs in selected seams of the analysed mines, and in the case of the impact of onerous mining on daily longwall mining output, the variability of this process in individual fields (lots) of the mines is characterised. Section Eight presents the regression equations for the dependence of the costs and level of extraction on the aggregated onerousness indicators, WUe and WUt. The regression models f(KJC_N) and f(W) developed in this way are used to forecast the unit mining costs and daily output of the designed longwalls in the context of diversified geological and mining conditions. The use of regression models is of great practical importance. It makes it possible to approximate unit costs and daily output for newly designed longwall workings. The use of this knowledge may significantly improve the quality of planning processes and the effectiveness of the mining process.