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Political Economy (political + economy)
Kinds of Political Economy Terms modified by Political Economy Selected AbstractsTHE POLITICAL ECONOMY OF OVERLAPPING JURISDICTIONS AND THE FRENCH/DUTCH REJECTION OF THE EU CONSTITUTIONECONOMIC AFFAIRS, Issue 1 2006Jean-Luc Migué In seeking to protect their failed social model by rejecting the EU constitution, French and Dutch voters ironically contributed to promoting the very ,liberal' order they misunderstand and despise. When, as in federalist politics, functions overlap, two levels of government compete for the same votes in the same territory in the supply of similar services. Not unlike the tragedy of the commons in oil extraction, it is in the interest of both political authorities to seek to gain votes in implementing the programme first. The overall equilibrium supply of public services is excessive and both levels of government have a tendency to invade every field. Short of effective constitutional limits on the powers of the central government, a more decentralised EU offers an opportunity to overcome the common-pool problem of multi-level government. [source] AUSTRALIA-CHINA FREE TRADE AGREEMENT: CAUSAL EMPIRICS AND POLITICAL ECONOMYECONOMIC PAPERS: A JOURNAL OF APPLIED ECONOMICS AND POLICY, Issue 1 2008TRAN VAN HOA The launch of negotiations for an Australia-China free trade agreement (ACFTA) started on 18 April 2005, following completion of the joint feasibility study that showed substantial economic and trade benefits for the two countries. The paper reassesses these benefits by means of an empirical analysis with a view to providing improved inputs for informed debate on the benefits and costs of an ACFTA from the perspective of Australia and China. The implications of the findings for policy uses are also discussed. [source] LABOUR AND LANDSCAPES: THE POLITICAL ECONOMY OF LANDESQUE CAPITAL IN NINETEENTH CENTURY TANGANYIKAGEOGRAFISKA ANNALER SERIES B: HUMAN GEOGRAPHY, Issue 3 2007N. Thomas Håkansson ABSTRACT. In a long-term and global perspective irrigated and terraced landscapes, landesque capital, have often been assumed to be closely associated with hierarchical political systems. However, research is accumulating that shows how kinship-based societies (including small chiefdoms) have also been responsible for constructing landesque capital without population pressure. We examine the political economy of landesque capital through the intersections of decentralized politics and regional economies. A crucial question guiding our research is why some kinship-based societies chose to invest their labour in landesque capital while others did not. Our analysis is based on a detailed examination of four relatively densely populated communities in late pre-colonial and early colonial Tanzania. By analysing labour processes as contingent and separate from political types of generalized economic systems over time we can identify the causal factors that direct labour and thus landscape formation as a process. The general conclusion of our investigation is that landesque investments occurred in cases where agriculture was the main source of long-term wealth flow irrespective of whether or not hierarchical political systems were present. However, while this factor may be a necessary condition it is not a sufficient cause. In the cases we examined, the configurations of world-systems connections and local social and economic circumstances combined to either produce investments in landesque capital or to pursue short-term strategies of extraction. [source] PRIVATIZATION AND EFFICIENCY: FROM PRINCIPALS AND AGENTS TO POLITICAL ECONOMYJOURNAL OF ECONOMIC SURVEYS, Issue 4 2008Alberto Cavaliere Abstract We survey the theoretical literature on privatization and efficiency by tracing its evolution from the applications of agency theory to recent contributions in the field of political economy. The former extend the theory of regulation with incomplete information to address privatization issues, comparing state-owned enterprises with private regulated firms. The benefits of privatization may derive either from the constraints it places on malevolent agents or from the impossibility of commitment by a benevolent government because of incomplete contracts. Contributions dealing with political economy issues separate privatization from restructuring decisions. They either explore bargaining between managers and politicians or analyse the impact of privatization shaped by political preferences on efficiency. The theoretical results regarding the relation between privatization and efficiency do not lead to any definitive conclusion. Privatization may increase productive efficiency when restructuring takes place whereas its effects on allocative efficiency still remain uncertain. [source] ECONOMY OF THE GIFT: RETHINKING THE ROLE OF LAND ENCLOSURE IN POLITICAL ECONOMY*MODERN THEOLOGY, Issue 3 2009TODD S. MEI The theological revivification of the concept of gift and gift exchange in the last two decades has provoked questions on how notions of divine superabundance can be translated into economics. In this article, I relate the thinking of Paul Ricoeur, John Milbank, Philip Goodchild and Albino Barrera to a specific economic reform that entails seeing land enclosure as inimical to the stability and fairness of an economy. I refer to the political economy of Henry George (1839,97) which takes land value taxation to be its centrally defining principle for a just economy. [source] TRANSFORMATIONS OF CHINA'S POST-1949 POLITICAL ECONOMY IN AN HISTORICAL PERSPECTIVEPACIFIC ECONOMIC REVIEW, Issue 3 2008R. Bin Wong This article lays out three different historical perspectives on China's post-1978 economic reform era. It argues that historical perspectives allow us to apprehend features of the Chinese economy as they are formed in particular moments and contexts at the same time as we can appreciate the ways in which the possibilities conceived and achieved both affirm certain past practices and reject others. Without such vantage points it is more difficult to explain the manner in which China's economy has changed in the past 30 years. [source] POLITICAL ECONOMY OF THE DISAPPOINTING DOHA ROUND OF TRADE NEGOTIATIONSPACIFIC ECONOMIC REVIEW, Issue 3 2007Robert E. Baldwin In particular, it is argued that economic factors of the type traditionally emphasized by economists in their classrooms are by themselves inadequate for analysing the negotiating process. A variety of political economy factors are discussed as explanations for the disappointing results of the Doha Round. [source] DEMOCRATIZATION AND FINANCIAL REFORM IN TAIWAN: THE POLITICAL ECONOMY OF BAD-LOAN CREATIONTHE DEVELOPING ECONOMIES, Issue 3 2002Yukihito SAT This study shows that many bad loans now burdening Taiwan's financial institutions are interrelated with the society's democratization which started in the late 1980s. Democratization made the local factions and business groups more independent from the Kuomintang government. They acquired more political influence than under the authoritarian regime. These changes induced them to manage their owned financial institutions more arbitrarily and to intervene more frequently in the state-affiliated financial institutions. Moreover they interfered in financial reform and compelled the government to allow many more new banks than it had originally planned. As a result the financial system became more competitive and the qualities of loans deteriorated. Some local factions and business groups exacerbated the situation by establishing banks in order to funnel funds to themselves, sometimes illegally. Thus many bad loans were created as the side effect of democratization. [source] POLITICAL ECONOMY OF GOVERNMENT SPENDING FOR TRADE LIBERALIZATION: POLITICS OF AGRICULTURE RELATED GOVERNMENT SPENDING FOR THE URUGUAY ROUND IN JAPANTHE JAPANESE ECONOMIC REVIEW, Issue 2 2010KOZO HARIMAYA This paper investigates the effect of political factors on the interregional allocation of the budget to assist farmers in coping with agricultural trade liberalization in Japan. We present a simple model to show the relationship between political factors and interregional budget allocation and empirically examine whether political factors played a key role in the interregional allocation of Japanese government spending for the Uruguay Round agricultural trade liberalization. Our findings show that this allocation was distorted due to political reasons, which was problematic from the standpoints of fairness and social efficiency. [source] FOREIGN TRADE, COMMERCIAL POLICIES AND THE POLITICAL ECONOMY OF THE SONG AND MING DYNASTIES OF CHINAAUSTRALIAN ECONOMIC HISTORY REVIEW, Issue 1 2008Article first published online: 6 FEB 200, Kenneth S. Chan authority; institutions; Ming Dynasty; Song Dynasty; tributary trade The paper presents a framework to explore the trade-off between pro-authority and pro-efficiency foreign trade policy. The former is exemplified by the tributary foreign trade system in Imperial China, while the latter by the government-supervised private foreign trade. In the Song Dynasty (960,1276), a strong external enemy compelled the monarchy to choose a pro-efficiency trade policy to finance the army, whereas during the early Ming Dynasty (1368,1644) when China was strong a pro-authority trade policy was favoured. During the late Ming, as the dynasty weakened, accompanied by external threats and internal mismanagement, the imperial government once again chose a pro-efficiency trade policy. [source] "New Political Economies" Then and Now: Economic Theory and the Mutation of Political DoctrineAMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 1 2002A.M.C. Waterman [source] Institutional Change in Advanced Political EconomiesBRITISH JOURNAL OF INDUSTRIAL RELATIONS, Issue 3 2009Kathleen Thelen The political-economic institutions that have traditionally reconciled economic efficiency with social solidarity in the advanced industrial countries, and specifically in the so-called ,coordinated market economies', are indisputably under pressure today. However, scholars disagree on the trajectory and significance of the institutional changes we can observe in many of these countries, and they generally lack the conceptual tools that would be necessary to resolve these disagreements. This article attempts to break through this theoretical impasse by providing a framework for determining the direction, identifying the mode, and assessing the meaning of the changes we can observe in levels of both economic coordination and social solidarity. [source] Evolutionary Economic Geography, Institutions, and Political EconomyECONOMIC GEOGRAPHY, Issue 2 2009Jürgen Essletzbichler abstract In this response to MacKinnon et al. (2009), I argue that the theoretical development of evolutionary economic geographies is necessary in order to evaluate its unique contribution to an understanding of the uneven development of the space economy; that the distinction between evolutionary and institutional economic geographies is overdrawn; that the neglect of class, power, and the state reflect empirical rather than theoretical shortcomings of the evolutionary approach; and that there is significant potential overlap between evolutionary and political economy approaches. [source] On the Political Economy of Temporary Stabilization ProgramsECONOMICS & POLITICS, Issue 2 2002Laura Alfaro This paper provides a political economy explanation for temporary exchange-rate-based stabilization programs by focusing on the distributional effects of real exchange-rate appreciation. I propose an economy in which agents are endowed with either tradable or non-tradable goods. Under a cash-in-advance assumption, a temporary reduction in the devaluation rate induces a consumption boom accompanied by real appreciation, which hurts the owners of tradable goods. The owners of non-tradables have to weigh two opposing effects: an increase in the present value of non-tradable goods wealth and a negative intertemporal substitution effect. For reasonable parameter values, owners of non-tradables are better off. [source] How Crisis Shapes Change: New Perspectives on China's Political Economy during the Sino-Japanese War, 1937,19451HISTORY COMPASS (ELECTRONIC), Issue 4 2007Morris L. Bian This article surveys the recent literature on China's political economy during the Sino-Japanese War (1937,45). This literature reveals that the war-triggered sustained systemic crisis brought about the most intensive Nationalist state-building efforts, the danwei designation of political, economic, and administrative organizations, the expansion of state-owned industries and the decline of the private sector, the creation of a state enterprise system, and the formation of an ideology of developmental state. This literature suggests that the elements of post-1949 institutional and structural arrangements and ideological systems developed well before 1949. Therefore, the critical issue is no longer that of establishing institutional, structural, and ideological continuity between the Nationalist and Communist eras; instead, it rests in understanding why and how the Chinese Communists kept intact, built on, and expanded existing institutions, structures, and ideologies in certain key areas of political, economic, and administrative life. [source] Municipal Neoliberalism and Municipal Socialism: Urban Political Economy in Latin AmericaINTERNATIONAL JOURNAL OF URBAN AND REGIONAL RESEARCH, Issue 2 2009BENJAMIN GOLDFRANK The following article identifies two different urban policy regimes in Latin America , neoliberal and socialist , and traces their origins to the distinct interests and capacities of local elites and activists in the region's cities in the mid-to-late twentieth century. While agricultural and commercial interests paid a high price for the growth of import-substituting industrialization, and therefore deployed free trade zones (and similar institutions) in traditional export centers in the 1960s and 1970s, their industrial rivals bore the brunt of austerity and adjustment in the free market era, and therefore adopted compensatory measures designed to increase the ,social wage' in the 1980s and 1990s. Examples are drawn from municipalities in Brazil, the Dominican Republic, Mexico, Uruguay and Venezuela, and call the conventional portrait of impotent Latin American cities , and omnipotent central governments , into question. Résumé Cet article identifie deux régimes de politique urbaine différents en Amérique latine : néolibéral et socialiste. Leurs origines tiennent aux divers intérêts et moyens des élites et militants locaux dans les grandes villes régionales au cours de la seconde moitié du vingtième siècle. Si les milieux agricoles et commerciaux ont payé le prix fort de l'essor d'une industrialisation visant à remplacer les importations, et ont donc mis en place des zones de libre échange (ou des institutions similaires) dans les pôles exportateurs traditionnels au cours des années 1960,1970, leurs rivaux industriels ont porté le poids de l'austérité et de l'ajustement à l'époque de la libéralisation des marchés, adoptant par conséquent des mesures compensatoires destinées à accroître le ,salaire social' au cours des années 1980,1990. Des exemples, issus de municipalités situées au Brésil, au Mexique, en République dominicaine, en Uruguay et au Venezuela, remettent en question le tableau conventionnel des villes latino-américaines impuissantes face aux gouvernements centraux omnipotents. [source] Political Economy of Immigration in Germany: Attitudes and Citizenship Aspirations,INTERNATIONAL MIGRATION REVIEW, Issue 2 2009Martin Kahanec This paper examines resident foreigners' interest in German citizenship. We use a unique data set from a survey of foreign residents in the German states to study the roles played by factors such as attitudes towards foreigners and political interest of foreigners. We find that negative attitudes towards foreigners and generational conflict within foreigner families are significant negative factors. While interest in political participation is among the important positive factors, hostile attitudes, lack of voting rights, or uncertainty about staying in Germany mainly discourage foreigners who actively participate in the labor market, have more years of schooling, and are younger. [source] Commodified Cadavers and the Political Economy of the Spectacle,INTERNATIONAL POLITICAL SOCIOLOGY, Issue 2 2010Renée Marlin-Bennett Traveling anatomy exhibitions import plasticized, posed human cadavers and place them on display. We explore the current industry, its history, and the spectacle of anatomy exhibits. The commodification of cadavers is examined as a problem in global political economy. The absence of global rules identifying plastinated cadavers as human remains allows a globalized plastination and exhibition industry. The spectacle of the exhibitions themselves divert attention away from important moral questions about the proper use of human remains and about the provenance of the cadavers used to create plastinates. The absence of global norms and the distraction of spectacle results in a global regime permitting commodification of cadavers. [source] Because People Matter: Studying Global Political EconomyINTERNATIONAL STUDIES PERSPECTIVES, Issue 4 2001Ronnie D. Lipschutz The 1990s were hard on our traditional theories of International Relations and International Political Economy, and the Millennium has brought the End of Meta-Narrative as We Know It. In this article, I discuss and dissect three of the past decade's meta-narratives, and show how they were no more than failed efforts to shore up the decomposing corpus of mainstream theories. In their stead, I offer a preliminary description of a contextual and contingent approach to thinking about and analyzing global political economy. I place people at the center of my framework, and use the tools of historical materialism, feminist theory, and agency-structure analysis to generate an understanding of the relationship between what I call the "social individual" and global politics and political economy. [source] Experiencing Globalization: Active Teaching and Learning in International Political EconomyINTERNATIONAL STUDIES PERSPECTIVES, Issue 1 2001Louise Amoore This article explores the teaching and learning challenges for the discipline of international studies (IS) that arise from the contemporary social, economic, and political changes usually labeled "globalization." The focus is upon the challenge posed to IS by a transformation in the nature of the relationship of teachers and students to the subject matter that they study: that is, teachers and students increasingly experience and contribute to globalization in the course of their daily lives as they simultaneously teach and learn about it. Significantly for the study of globalization in IS, pedagogical debates surrounding active teaching and learning highlight the potential for strategies that actively engage students' interests and everyday experiences with the subject itself. On this basis, the article outlines some potential routes into the active teaching and learning of globalization in the field of international political economy, illustrating these with examples from classroom activities and exercises. [source] Women and Work in the New Global Political EconomyINTERNATIONAL STUDIES REVIEW, Issue 3 2008Adrienne Roberts First page of article [source] International Political Economy: Different Textbooks, Different LensesINTERNATIONAL STUDIES REVIEW, Issue 3 2003Christopher W. Scholl First page of article [source] The Barcelona Process and the Political Economy of Euro-Mediterranean Trade Integration,JCMS: JOURNAL OF COMMON MARKET STUDIES, Issue 5 2007MARCO MONTANARI The Barcelona Process aims to create a free trade area between the EU and its Mediterranean neighbours by 2010. This article uses two-level game theory to analyse the negotiations leading to the signature of the Euro-Mediterranean Association Agreements. It argues that conflicts of interests between the actors involved in the bargaining process are responsible for the restrictive nature of the agreements, characterized by agricultural protectionism, long transition periods and small amounts of financial support allocated by the EU to its partners. These provisions have prevented the Barcelona Process from significantly boosting Euro-Mediterranean bilateral trade in the last few years. [source] Issues in New Political Economy: An OverviewJOURNAL OF ECONOMIC SURVEYS, Issue 5 2000Stuart Sayer A brief overview of the historical background, nature, and rapid growth in volume and scope of new political economy since the early 1980s is provided. the paper continues with some general reflections on the strengths and weaknesses of the new political economy approach, illustrated by the other contributions to this special issue of the Journal of Economic Surveys. The final Section summarises these contributions. [source] Reply to Blankart and Koester's Political Economics versus Public Choice Two Views of Political Economy in CompetitionKYKLOS INTERNATIONAL REVIEW OF SOCIAL SCIENCES, Issue 2 2006Alberto Alesina First page of article [source] The Structure of Wages in the Netherlands, 1986,98LABOUR, Issue 3 2003Bas Ter Weel For many OECD countries an increase in wage inequality has been documented since the early 1980s. This is often attributed to a general rise in the demand for skilled workers resulting from recent technological change. Using the Organization for Strategic Labour Market Research (OSA) Labour Supply data, this paper studies the wage structure in the Netherlands over the period 1986,98 and demonstrates that wage inequality did not increase to any significant extent in the Netherlands. Using the accounting framework proposed by Juhn et al. (Journal of Political Economy 101: 410,442, 1993), it is shown that the relatively stable wage structure until at least the late 1990s can be attributed mainly to returns to observable components, such as education and experience, while residual wage inequality is found to be of minor importance in explaining the Dutch wage structure. These estimates suggest that the demand for skill in the Netherlands is likely not to have been rising to the extent it did in many other countries over this period. [source] AS-AD REVISITED: OVERSHOOTING ADJUSTMENT DYNAMICS UNDER NAÏVE EXPECTATIONSMETROECONOMICA, Issue 4 2008Harald Badinger ABSTRACT We analyse the adjustment dynamics from a short-term to a medium-term equilibrium in a standard AS-AD model à la Blanchard (2006, Macroeconomics, 4th edn, Prentice-Hall, Upper Saddle River, NJ) for an open economy with fixed and flexible exchange rates. An explicit analysis suggests the local stability of the medium-term equilibrium. However, an overshooting adjustment dynamics is possible for the exchange rate, a result that directly relates to the famous Dornbusch (1976, Journal of Political Economy, 84, pp. 1161,1176) analysis. In contrast to the latter, in the Blanchard framework it is obtained without assuming rational expectations and without relying upon saddle-path stability. [source] Larry Moss and the Struggle Against Racism by the Whately Professors of Political EconomyAMERICAN JOURNAL OF ECONOMICS AND SOCIOLOGY, Issue 1 2010Sandra J. Peart In this note, we highlight an important consideration of Larry Moss's life's work, the continual struggle within economics against racism. Larry initiated and supported the symposium on eugenics published by the American Journal of Economics and Sociology in July 2005. He edited the volume Social Inequality, Analytical Egalitarianism and the March Toward Eugenic Explanations in the Social Sciences in August 2008. These constitute obvious signs of Larry's concern. He conjectured that the Trinity College Dublin political economists who held the Whately professorship should be thought of as a school. Such a school was in fact identified in 1850 by an outsider who pointed to their shared opposition to racial explanations within an institutional setting. That shared opposition allowed them to speak against the narrow interests of the rulers of the country. Of course, other political economists of the time, Mill in particular, were also emphatic in their anti-racism. Thus, not only do we need to take up Larry's challenge to describe the Trinity College school but we must also seek its connections with the Scottish-English group of anti-racists. [source] Further Evidence on PPP Adjustment Speeds: the Case of Effective Real Exchange Rates and the EMS,OXFORD BULLETIN OF ECONOMICS & STATISTICS, Issue 4 2003Ivan Paya Abstract Two different approaches intend to resolve the ,puzzling' slow convergence to purchasing power parity (PPP) reported in the literature [see Rogoff (1996), Journal of Economic Literature, Vol. 34.] On the one hand, there are models that consider a non-linear adjustment of real exchange rate to PPP induced by transaction costs. Such costs imply the presence of a certain transaction band where adjustment is too costly to be undertaken. On the other hand, there are models that relax the ,classical' PPP assumption of constant equilibrium real exchange rates. A prominent theory put together by Balassa (1964, Journal of Political Economy, Vol. 72) and Samuelson (1964 Review of Economics and Statistics, Vol. 46), the BS effect, suggests that a non-constant real exchange rate equilibrium is induced by different productivity growth rates between countries. This paper reconciles those two approaches by considering an exponential smooth transition-in-deviation non-linear adjustment mechanism towards non-constant equilibrium real exchange rates within the EMS (European Monetary System) and effective rates. The equilibrium is proxied, in a theoretically appealing manner, using deterministic trends and the relative price of non-tradables to proxy for BS effects. The empirical results provide further support for the hypothesis that real exchange rates are well described by symmetric, nonlinear processes. Furthermore, the half-life of shocks in such models is found to be dramatically shorter than that obtained in linear models. [source] Kalecki Centenary Lecture the Political Economy of Full Employment in Modern BritainOXFORD BULLETIN OF ECONOMICS & STATISTICS, Issue 2 2000Robert Rowthorn First page of article [source] | ||||||||||||||||||||||||||||||||||||||||