people present at Camp David, however, viewed the floating of the dollar as a matter of high principle. He was George Shultz, head of the Office of Management and Budget at the White House. A friend and disciple of monetarist economist Milton Friedman, together, they were key figures in the decision to float the dollar. Their success represented an important beachhead for freeing capital markets. The Nixon Shock ended the dominance of liberal economic order and marked the rise of a new phase in which globalisation would be built around neoliberal policies. This turning

in The ascent of globalisation
Why China survived the financial crisis

China in both its external trade account and external capital account, nevertheless, like the Great Wall, China not only remained conspicuously insulated from a region-wide financial meltdown of unprecedented severity, but the mighty dynamo fueling its economy has missed only a few beats during the crisis and since.1 China’s ability to sustain a strong gross domestic product (GDP) growth performance of 8.8 per cent in 1997 and 7.8 per cent in 1998 and over 8.0 per cent in 1999,2 continued success in attracting foreign direct investment (FDI),3 in running healthy

in The Asian financial crisis

sensations of swimming are those that are dulled by the practice. If, however, swimming is characterised by heightened kinaesthesia, then a more positive, sensorially enhanced space opens up. This sensory transformation is founded upon the transformations described in the previous chapter, but these novel pleasures are more than the sum of their parts, constituting instead a constantly shifting assemblage of experiences and sensations that come to comprise what Nettleton describes in the context of fell running as ‘existential capital’ – a mode of capital that ‘comprises

in Immersion

compared with some 20.6 percent of the total population.8 Of these, the focus of Dublin 15 and Adapting to Diversity was upon what were termed ‘newcomer’ children, recently arrived migrant children whose parents were not Irish citizens.9 Some of the findings of these studies, considered here from a cultural capital perspective, are contextualised by comparison with the findings of WBCFN research undertaken in 2007 and 2008 in deprived communities.10 This research interviewed 1,633 households, of which 9.4 percent were non-Irish citizen households. The findings allowed

in Immigration and social cohesion in the Republic of Ireland
The restructuring of work in Germany

problematises the dominant modes of thought that see Germany either as ‘squeezed’ by global forces on to convergent neo-liberal lines, or as directly opposing neoliberal restructuring, hence always either neo-liberal or non-neo-liberal. I then go on to explore the historical institutions and practices of state, capital and labour in Germany that have made possible particular contemporary programmes of restructuring. Finally, I discuss the contemporary restructuring of working practices in Germany, demonstrating the negotiated and mediated nature of reforms. ‘Modell

in Globalisation contested

Westminster had become the most fashionable quarter of the capital by the early seventeenth century. Here was the site of a lifestyle of conspicuous consumption, a heady world of luxury and leisure, which could by the 1630s be most easily conjured up by a series of allusions to Westminster’s topography. Shirley’s depiction of the refined and luxurious existence played out among the gentry introduces us to a new theme in the history of early modern Westminster. For many literary, cultural and economic historians, the Westminster of the late sixteenth and early seventeenth

in The social world of early modern Westminster
Abstract only

powerful who now control governments and the futures of entire populations across the developed and developing worlds. The forms and methods of resistance need to be constantly in transition, in performance as in all other aspects of cultural and political life, to maintain their potential to counteract the influence of the spectacle of global capital. To get stuck in previously radical conclusions is to risk unwitting collusion through adherence to a would-be oppositional narrative that has long since been absorbed and manipulated by those in power for their own benefit

in Acts and apparitions
Abstract only
Locating global ­contemporary art in global China

-sponsored exhibitions, namely the 2000 Shanghai Biennial and 2010 World Expo; and spectacular art installations by transnational art stars Gu Wenda and Cai Quo-Qiang. I argue that these projects erect glamorizing artifices that obfuscate Shanghai’s local histories and concerns while branding the city as an international economic and cultural capital. I further look to counter-models, including avant-garde Introduction: Locating global ­contemporary art in global China painting, subversive sculpture, curatorial interventions, and experimental video and film by Pang Xunqin, Liu

in Above sea

with big dreams. Short of capital, Onassis looked to Wriston to raise the funds he needed to expand his fleet of oil tankers. Wriston saw Onassis as a kindred spirit, one who was not afraid to break conventions (or the law, for that matter) to reach his goals. As Onassis plotted his insurgency campaign to overthrow the cosy monopoly enjoyed by the established shipping companies, he came to appreciate Wriston’s ingenious schemes that allowed him to rapidly expand his fleet. Wriston so impressed Onassis that he offered the banker a job that came with a salary of 1

in The ascent of globalisation

, between symbolic and economic capital, between the heteronomous and the autonomous cultural producers, and those among several ‘competing principles of legitimacy’. 7 Whereas strategy ‘results from unconscious disposition towards practice’, 8 and has obvious connections with habitus, trajectory refers to the successive positions occupied by an agent in the field, at various times corresponding to dominant and dominated. Since it is unusual

in Lance Comfort