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This Pearson Original edition is published for Griffith University. Government business relations are crucial in the current volatile political and economic climate. Government and Business in Volatile Times explores the nature of government business interactions and their importance in responding to major global challenges. One of these challenges has been how to deal with the aftermath of the global financial crisis and the ensuing volatility. In this aftermath, a robust and accountable government business relationship is critical in ensuring sustainable economic governance throughout the globe. The book's related focus is on sustainable government and promoting and embedding sustainable decision making for both business and government. The book covers a considerable range of topics, countries and themes. Despite the influence of globalisation, all contributing authors demonstrate that governments remain central players in both the domestic and global economy. One of governments' key roles in this volatile environment is to ensure that businesses act as their partners in establishing the conditions for a sustainable and productive global economy and society. Elizabeth van Acker and Giorel Curran are both senior lecturers in the School of Government and International Relations and members of the Centre for Governance and Public Policy at Griffith University, Queensland Australia.
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Table of Contents

TABLE OF CONTENTS Preface Acknowledgements Contributors Table of Acronyms PART A VOLATILITY AND ECONOMIC CRISES Chapter One Government and Business in Volatile Times: Introduction 1 Elizabeth van Acker and Giorel Curran Chapter Two Political Economy: Historical Overview 17 Dan Halvorson Chapter Three The Role of the United States in the Global Financial Crisis 43 John Kane Chapter Four How Foreign Investment Oils the World's Economy 71 Xu Yi-chong PART B RESPONSES TO VOLATILITY Chapter Five Europe in the Age of Austerity: Neo-Liberalism, Revolt and Reaction 99 Ashley Lavelle Chapter Six The Great Transformation? The Political Economy of Structural Change in Australia 129 Tom Conley Chapter Seven Managing Crises: Lessons from Post-Bubble Japan 163 Michael Heazle and John Kane Chapter Eight The Debate over China's Economic Reform: Bears and Bulls 191 Douglas Smith PART C FROM VOLATILITY TO SUSTAINABILITY Chapter Nine Rethinking Regulation after the Crash 217 Robyn Hollander Chapter Ten Corporate Social Responsibility and Globalisation 247 Ciaran O'Faircheallaigh Chapter Eleven Conflicts in the Labour Market: Domestic Challenges in a Global Environment 275 Elizabeth van Acker Chapter Twelve The Climate Challenge: Reconciling the National and Collective Interest 297 Gioral Curran Index 323

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