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Global Economic Crisis (global + economic_crisis)
Selected AbstractsTHREE ASIAN MYTHS AND THE GLOBAL ECONOMIC CRISISECONOMIC AFFAIRS, Issue 3 2009Razeen Sally No abstract is available for this article. [source] The Rationale, Prospects, and Challenges of China's Western Economic Triangle in Light of Global Economic CrisisASIAN POLITICS AND POLICY, Issue 3 2010Hong Yu The proposals to develop the Western Economic Triangle (WET) region into the fourth growth pole in China are ambitious; realization will be problematic. Although the local governments are overwhelmingly optimistic regarding future development, it is very unlikely that this region can become as powerful and vibrant as the eastern growth engines in the near future. Implementation of the proposals faces at least two serious challenges. First, the WET region has historically suffered from poor accessibility due to backward interregional transportation facilities. Second, the WET region is governed by three different administrative municipalities. The inherent lack of regional integration and coordination will restrict industrial cooperation within this region. [source] Disability, capacity for work and the business cycle: an international perspectiveECONOMIC POLICY, Issue 63 2010Hugo Benítez-Silva Summary Important policy issues arise from the high and growing number of people claiming disability benefits for reasons of incapacity for work in OECD countries. Economic conditions play an important part in explaining both the stock of disability benefit claimants and inflows to and outflows from that stock. Employing a variety of cross-country and country-specific household panel data sets, as well as administrative data, we find strong evidence that local variations in unemployment have an important explanatory role for disability benefit receipt, with higher total enrolments, lower outflows from rolls and, often, higher inflows into disability rolls in regions and periods of above-average unemployment. In understanding the nature of the cyclical fluctuations and trends in disability it is important to distinguish between work disability and health disability. The former is likely to be influenced by economic conditions and welfare programmes while the latter evolves in a slower fashion with medical technology and demographic changes. There is little evidence of health disability being related to the business cycle, so cyclical variations are driven by work disability. The rise in unemployment due to the current global economic crisis is expected to increase the number of disability insurance claimants. --- Hugo Benítez-Silva, Richard Disney and Sergi Jiménez-Martín [source] Variegated neoliberalization: geographies, modalities, pathwaysGLOBAL NETWORKS, Issue 2 2010NEIL BRENNER Abstract Across the broad field of heterodox political economy, ,neoliberalism' appears to have become a rascal concept , promiscuously pervasive, yet inconsistently defined, empirically imprecise and frequently contested. Controversies regarding its precise meaning are more than merely semantic. They generally flow from underlying disagreements regarding the sources, expressions and implications of contemporary regulatory transformations. In this article, we consider the handling of ,neoliberalism' within three influential strands of heterodox political economy , the varieties of capitalism approach; historical materialist international political economy; and governmentality approaches. While each of these research traditions sheds light on contemporary processes of market-oriented regulatory restructuring, we argue that each also underplays and/or misreads the systemically uneven, or ,variegated', character of these processes. Enabled by a critical interrogation of how each approach interprets the geographies, modalities and pathways of neoliberalization processes, we argue that the problematic of variegation must be central to any adequate account of marketized forms of regulatory restructuring and their alternatives under post-1970s capitalism. Our approach emphasizes the cumulative impacts of successive ,waves' of neoliberalization upon uneven institutional landscapes, in particular: (a) their establishment of interconnected, mutually recursive policy relays within an increasingly transnational field of market-oriented regulatory transfer; and (b) their infiltration and reworking of the geoinstitutional frameworks, or ,rule regimes', within which regulatory experimentation unfolds. This mode of analysis has significant implications for interpreting the current global economic crisis. [source] Stimulus to sustained benefit: science funding during and after the global economic crisis is a must!INTERNATIONAL JOURNAL OF STROKE, Issue 4 2009A. V. Alexandrov No abstract is available for this article. [source] Is China turning Latin?JOURNAL OF INTERNATIONAL DEVELOPMENT, Issue 6 2010China's balancing act between power, dependence in the lead up to global crisis Abstract China's apparent escape from the external constraints of peripheral late industrialisation in the build up to the global economic crisis of 2007,2009 has been recent and remains tenuous. Before its spectacular trade surpluses of the 2000s, China's external accounts reflected many of these constraints. Even in the midst of the surplus surge, external vulnerabilities of a peripheral nature have persisted. Besides the issue of export dependence, which is the conventional focus of most crisis-related studies on China, vulnerabilities have been more profoundly related to the dominance of foreign ownership in China's export sector and to the relatively subordinate position of this export sector within the massive rerouting of international production networks via China that followed the East Asian crisis, in large part led by Northern transnational corporations. Copyright © 2010 John Wiley & Sons, Ltd. [source] The Strategic Use of Demand-side Diversity Pressure in the Solicitors' ProfessionJOURNAL OF LAW AND SOCIETY, Issue 3 2010Joanne P. Braithwaite There has been a long line of official initiatives seeking to address the poor record of the solicitors' profession on diversity. One of the latest, the Law Society's 2009 Diversity Charter and Protocol, attempts to harness client pressure as a way of bringing about change. The objective of the paper is to assess this strategic use of ,demand-side diversity pressure' in the solicitors' profession, contextualizing the strategy and using different perspectives to assess it. The paper first considers the strategy as a development of ,business case' arguments for diversity and explores the implications of scholarly objections to this approach. Secondly, the paper uses empirical data from the City law firm sector to explore the nature and practical effects of demand-side diversity pressures within law firms. I conclude by considering the prospects of the Law Society's scheme having a meaningful effect, factoring in the possible effects of the ongoing global economic crisis. [source] Privatisierung/Deregulierung/Marktverfassung: Die Sicht der RegulierungsbehördePERSPEKTIVEN DER WIRTSCHAFTSPOLITIK, Issue 3 2003Matthias Kurth This is an opportunity to recall the legislative rationale of liberalization and the regulatory instruments chosen, and to assess how the markets have developed. Aware that telecommunications were not one of the state's core tasks and that there were obvious advantages to services being provided by private companies in a competitive environment, the lawmakers framed the conditions for competition in the provisions of the Telecommunications Act (TKG). In retrospect, these arrangements have largely proved their worth, even if the global economic crisis of the last two years has made itself felt in the telecommunications markets as well. Hence the forthcoming amendment should reflect the TKG's pro-competition philosophy and seek only to improve upon the regulatory instruments where they have been found wanting. [source] Is the Globalization Consensus Dead?ANTIPODE, Issue 2010Robert Wade Abstract:, The development economist Dani Rodrik recently declared that "the globalization consensus is dead". The claim has momentus implications, because this consensus has steered economic policy around the world for the past quarter century. It emanates from the heartland of neoclassical economics, and defines the central tasks of the Washington-based organizations which claim to speak for the world. This essay answers two main questions. First, is Rodrik's claim true, and by what measures of "consensus"? Second, to the extent that the consensus has substantially weakened, is the state returning to the heart of economic life, as Karl Polanyi might have predicted? The answers? First, the globalization consensus about desirable economic policy has weakened, though it is far from "dead". Second, the western state is returning to the heart of economic life in response to the current global economic crisis, but will retreat soon after national economies recover,because unless the crisis becomes a second Great Depression, the norms of more free markets and more global economic integration will be politically challenged only at the margins. New rules of finance may be introduced, but with enough loopholes that by 2015 Wall Street and the City will operate in much the same way as in the recent pre-crisis past. [source] The impact of the global economic crisis on sovereign wealth fundsASIAN-PACIFIC ECONOMIC LITERATURE, Issue 1 2010Bryan J. Balin This paper analyses the effects of the recent global economic crisis upon sovereign wealth funds (SWFs). Since mid-2007, SWFs have experienced significant portfolio losses, a decline in fund inflows, and enhanced scrutiny from their own governments. SWFs have been utilised for sovereign stabilisation programs and have helped finance troubled Western banks. SWFs and the IMF have also created a set of best practices known as the Santiago Principles. From these developments, many SWFs have moved to relatively shorter investment time horizons and more liquid holdings, revamped their transparency and management, experienced a temporary improvement in their images, begun to hold controlling stakes in major Western corporations, and have improved their coordination with institutional investors and other SWFs. Going forward, these changes, alongside the relatively strong post-crisis asset position held by SWFs in comparison to other asset vehicles, make SWFs well-positioned to play an even more prominent role in global finance. [source] Perspective: The new reality for biotechnology after the global economic crisisBIOTECHNOLOGY JOURNAL, Issue 8 2009John Pierce No abstract is available for this article. [source] | |||||||||||||