TY  - BOOK
AU  - Campbell,John L.
AU  - Hall,John A.
TI  - The Paradox of Vulnerability: States, Nationalism, and the Financial Crisis 
T2  - Princeton Studies in Global and Comparative Sociology
SN  - 9780691163253
AV  - HC59.3 .C36 2017
U1  - 302.35 23
PY  - 2017///]
CY  - Princeton, NJ : 
PB  - Princeton University Press, 
KW  - Crisis management in government
KW  - Economic history
KW  - 21st century
KW  - Economic history, 21st century
KW  - Economics
KW  - Sociological aspects
KW  - Economics; Sociological aspects
KW  - Global Financial Crisis, 2008-2009
KW  - Social aspects
KW  - International economic relations
KW  - National characteristics
KW  - Nationalism
KW  - Economic aspects
KW  - Nationalism; Economic aspects
KW  - Organizational resilience
KW  - Solidarity
KW  - States, Small
KW  - SOCIAL SCIENCE / Sociology / General
KW  - bisacsh
KW  - 2008 financial crisis
KW  - Bank Packages
KW  - Denmark
KW  - Greece
KW  - Iceland
KW  - Ireland
KW  - Lutheranism
KW  - Switzerland
KW  - Troika
KW  - bailouts
KW  - banks
KW  - consensus-making
KW  - crisis management
KW  - direct democracy
KW  - expertise
KW  - experts
KW  - federalism
KW  - groupthink
KW  - immigration
KW  - institutions
KW  - multinational corporations
KW  - nation-states
KW  - national identity
KW  - national prosperity
KW  - national solidarity
KW  - nationalism
KW  - negotiation
KW  - political economy
KW  - regulation
KW  - resilience
KW  - social partnerships
KW  - social solidarity
KW  - technocrats
KW  - thick institutions
KW  - thin institutions
KW  - vulnerability
N1  - Frontmatter --; CONTENTS --; PREFACE --; ACKNOWLEDGMENTS --; ACRONYMS --; 1. Groundwork --; 2. Denmark --; 3. Ireland --; 4. Switzerland --; 5. Conclusion --; REFERENCES --; INDEX; restricted access; Issued also in print
N2  - 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
UR  - https://doi.org/10.1515/9781400887958?locatt=mode:legacy
UR  - https://www.degruyter.com/isbn/9781400887958
UR  - https://www.degruyter.com/cover/covers/9781400887958.jpg
ER  -