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121. Degrowth: Consume less. Share more.

Author:
Rajni Bakshi
Publication Date:
07-2016
Content Type:
Research Paper
Institution:
Gateway House: Indian Council on Global Relations
Abstract:
Indian business—perhaps even society at large—is currently buoyed by the expectation that we are entering a period of sustained economic growth that might finally make poverty a problem of the past. In this context, it might seem counter-intuitive to draw attention to the possibility of a decelerating global economy and projections about reversals in human well-being. However, there is mounting evidence to show that the prevailing models of economic growth cannot continue unchecked to the end of the 21st century. Apart from the truism that infinite growth is not possible on a finite planet, the accelerating impacts of climate change are set to play havoc with a reliable supply of many natural resources—including food. Unless growth is redefined, degrowth will be forced upon the global economy, as a consequence of chaotic instability in eco-systems and due to the brittleness of political, social, and economic systems
Topic:
Global Recession, Reconstruction, Reform, and Global Political Economy
Political Geography:
India and Global Focus

122. ASEAN: In or Out? No Way…Not yet?

Author:
Tan Sri Munir Majid
Publication Date:
10-2016
Content Type:
Commentary and Analysis
Institution:
LSE IDEAS
Abstract:
While the close British decision to get out of the European Union was made in a referendum a while ago on 23 June, there is still the feeling in the UK: What have we done? Where do we go? How do we get there? Questions that should have been asked at the referendum, rather than after it. But there you are. When raw emotion and shallow argument reign, profound decisions are made without proper reflection or preparation. Since then the question has also been raised whether or not such a thing could occur in ASEAN, the Association of Southeast Asian Nations. It won’t but then again it may. First of all, let’s be clear. It is not likely there will ever be such a surplus of democracy in ASEAN, whether among individual member states or as a group, that there could be an ‘In or Out’ referendum like the one which resulted in Brexit.
Topic:
International Cooperation, International Affairs, Global Markets, and Global Political Economy
Political Geography:
Southeast Asia

123. The Geopolitics of East Asia: New Geometries of Competition and Cooperation

Author:
Adriana Abdenur
Publication Date:
09-2016
Content Type:
Special Report
Institution:
Brazilian Center for International Relations (CEBRI)
Abstract:
The present study aims to develop an analysis of how the fast-changing geopolitics and geoeconomics of East Asia impacts current and potential trends in cross-regional economic cooperation, with a focus on Latin America. The paper revolves around three anchor trends: i. The Economic Transformation of East Asia; ii. Security and Cooperation in the Pacific; and iii. Mega-Agreements. For each of these areas, the study provides a succinct yet analytical overview of current debates by incorporating both Western and non-Western perspectives from academe and policy.
Topic:
International Cooperation, Geopolitics, and Global Political Economy
Political Geography:
Global Focus

124. India’s Future in Asia: The APEC Opportunity

Author:
Harsha Singh and Anuphav Gupta
Publication Date:
03-2016
Content Type:
Special Report
Institution:
Asia Society
Abstract:
At a time of slowing global economic growth, the international community needs to fully tap all the sources of new dynamism and demand available in the world today. India, the world’s fastest-expanding major economy, holds the potential to shore up growth in both the Asia- Pacific region and globally. For that potential to be realized, however, India’s domestic reforms and integration with the Asian and world economies need to progress more rapidly. The advent of the Trans-Pacific Partnership (TPP) agreement offers much hope of reinvigorating trade growth in the Asia-Pacific region once it comes into force, but the TPP does not include India. The first and necessary step toward greater Indian participation in Asian trade and investment flows is membership in the Asia Pacific Economic Cooperation (APEC) forum. It is a step whose time has come, for India, for APEC, and for the international economy.
Topic:
International Trade and Finance and Global Political Economy
Political Geography:
India

125. India and APEC: Charting a Path to Membership

Author:
Anubhav Gupta
Publication Date:
03-2016
Content Type:
Policy Brief
Institution:
Asia Society
Abstract:
India’s membership in APEC would mitigate two significant problems: 1) India’s relatively poor integration into the global economy; and 2) the emergence of a divisive trade agenda in the Asia-Pacific. This issue brief outlines these challenges and highlights the obstacles and opportunities related to India’s inclusion in APEC. It concludes that this is the right time to start considering India’s membership in the forum and that a strategy is needed to chart a pathway for the country’s eventual accession to APEC.
Topic:
International Trade and Finance and Global Political Economy
Political Geography:
India

126. China, Economic Development, and Global Security: Bridging the Gaps

Author:
Mark Ferchen
Publication Date:
12-2016
Content Type:
Research Paper
Institution:
Carnegie Endowment for International Peace
Abstract:
China’s expanding global economic and geopolitical role has spawned a growing divide between those who portray the country’s rise as a force for prosperity and peace and those who depict it as an assertive, mercantilist threat. Such conflicting paradigms oversimplify the complex political economy of the country’s international relations. These flawed frameworks reflect a lack of boundary-breaking thinking, research, and policymaking that can account for the interaction between the economic and geopolitical aspects of China’s rise. Recognizing such shortcomings is the first step toward better understanding and constructive engagement with China.
Topic:
Diplomacy and Global Political Economy
Political Geography:
China

127. Youth in the Middle East

Author:
Center for International and Regional Studies
Publication Date:
12-2016
Content Type:
Special Report
Institution:
Center for International and Regional Studies (CIRS), Georgetown University in Qatar
Abstract:
During the second half of the twentieth century, the Middle East and North Africa (MENA) was hit by a demographic wave that saw its youth population grow at an unprecedented rate. This youth bulge spurred national and international debate regarding the challenges and opportunities that the youth cohort brings to the region. The potential that young people have—either as agents of positive change or instability—was illustrated during the Arab uprisings. In the wake of the unrest, there is a need to expand our collective understanding of the lives of young people in the MENA region, and to examine factors that affect their normative transitions to adulthood. The narrative around Middle Eastern youth often centers on their social, political, and economic exclusion and marginalization. Living through decades of authoritarian rule and political instability, youth in the Middle East have struggled to fulfill their aspirations related to citizenship, livelihood, and social and political participation. Given the continued jobs crisis in the Middle East, where youth generally experience high rates of unemployment and where labor market activity, particularly among young women, remains strikingly low, understanding the economic exclusion of youth and the various means by which to redress it remain significant.
Topic:
Political Theory, Youth Culture, and Global Political Economy
Political Geography:
Middle East

128. Global Value Chains or Global Poverty Chains? A new research agenda

Author:
Benjamin Selwyn
Publication Date:
06-2016
Content Type:
Working Paper
Institution:
Centre for Global Political Economy, University of Sussex
Abstract:
Global Value Chain (GVC) analysis is part and parcel of mainstream development discourse and policy. Supplier firms are encouraged, with state support, to ‘link-up’ with trans-national lead firms. Such arrangements, it is argued, will reduce poverty and contribute to meaningful socio-economic development. This portrayal of global political economic relations represents a ‘problem-solving’ interpretation of reality. This article proposes an alternative analytical approach rooted in ‘critical theory’ which reformulates the GVC approach to better investigate and explain the reproduction of global poverty, inequality and divergent forms of national development. It suggests re-labelling GVC as Global Poverty Chain (GPC) analysis. GPC’s are examined in the textiles, food, and high-tech sectors. The article details how workers in these chains are systematically paid less than their subsistence costs, how trans-national corporations use their global monopoly power to capture the lion’s share of value created within these chains, and how these relations generate processes of immiserating growth. The article concludes by considering how to extend GPC analysis.
Topic:
Development, Economics, International Political Economy, Labor Issues, Inequality, and Global Political Economy
Political Geography:
United States, Eastern Europe, and Asia

129. The problem with ‘embedded liberalism’: the World Bank and the myth of Bretton Woods

Author:
Samuel Appleton
Publication Date:
10-2016
Content Type:
Working Paper
Institution:
Centre for Global Political Economy, University of Sussex
Abstract:
The Bretton Woods conference is conventionally understood as a radical break between the laissez faire order and its ‘embedded liberal’ successor, in which finance was suppressed in the interest of trade and productive growth. The new institutions, particularly the IBRD are often considered emblematic of this. In response to this, the paper argues that the Bretton Woods order required the enlistment, not repression, of private American finance. Firstly, laissez-faire era proposals for international financial institutions provided important precedents for the Bretton Woods institutions. Second, these were predicated on the uniquely deep liquidity of American financial markets following upon Progressive-era reforms, in the legacy of which the Roosevelt administration sought to locate the New Deal. Thirdly, they found new relevance in the 1940s as the IBRD turned by necessity to American financial markets for operating capital. Negotiating the imperative of commercial creditworthiness had two important consequences. First, it entailed the structural and procedural transformation of the IBRD, and allowed management to carve out a proprietary terrain in which its agency was decisive. Second, this suggests that US agendas were mediated by the Bank’s institutional imperatives – and that finance was no more ‘embedded’ during the Bretton Woods era than its predecessor.
Topic:
Development, Economics, World Bank, Global Markets, International Development, and Global Political Economy
Political Geography:
United States, Europe, and Latin America

130. Reflections on the Current State of Political Economy

Author:
Richard Vedder
Publication Date:
03-2016
Content Type:
Research Paper
Institution:
Independent Institute
Abstract:
Like most economics professors, I have spent my academic lifetime examining the economic and public policy effects of issues involving the production, distribution, and consumption of goods and services—political economy, if you will. There is, however, a “political economy” to the very act of producing and disseminating economic knowledge and examining public policies. And that political economy and my assessment of it has changed over a career spanning more than half a century. In this brief article, I will confine my attention mostly to the research dimension and look at five issues, most relating to the political economy of the study of political economy.
Topic:
Global Political Economy
Political Geography:
America