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Begin New Search Topic Global Political Economy Publication Year within 25 Years

1. Chinese companies in Arctic mining are gaming the master plan

Author:
Patrik Andersson, Per Kalvig, and Urik Pram Gad
Publication Date:
05-2022
Content Type:
Policy Brief
Institution:
Danish Institute for International Studies (DIIS)
Abstract:
Looking for Chinese state ownership in Arctic extractive projects misses the point, and politically framed rhetoric from Chinese companies may be misleading. Some Western companies downplay their Chinese relations, but Western companies are often reliant on Chinese partners. In Western media, Chinese companies are sometimes discussed as being parts of a well-oiled state machine. They are not, but neither are they left to fight on their own without any support or guidance. Rather, they follow their own business priorities while eagerly seizing opportunities provided through supportive state policy. Interaction and integration with the state varies between different types of companies. The Chinese Communist Party (CCP) has a complex set of levers which make it possible to secure specific strategic investments. The likelihood of state intervention varies depending on the commodity involved as well as geopolitical factors. However, the preferred mode of governance is to issue general policies that encourage companies to contribute to state objectives.
Topic:
Foreign Policy, Business, Global Political Economy, and Mining
Political Geography:
China, Asia, and Arctic

2. Reducing mobility of SARS-CoV-2 variants to safeguard containment

Author:
Martin Hellwig, Viola Priesemann, and Guntram Wolff
Publication Date:
05-2021
Content Type:
Working Paper
Institution:
Bruegel
Abstract:
Escape variants can cause new waves of COVID-19 and put vaccination strategies at risk. To prevent or delay the global spread of these waves, virus mobility needs to be minimised through screening and testing strategies, which should also cover vaccinated people. The costs of these strategies are minimal compared to the costs to health, society and economy from another wave.
Topic:
Health, Governance, Global Political Economy, Vaccine, and COVID-19
Political Geography:
Global Focus

3. Monetary Effects of Global Stablecoins

Author:
Dong He
Publication Date:
06-2021
Content Type:
Journal Article
Journal:
The Cato Journal
Institution:
The Cato Institute
Abstract:
The globalized economy now moves at the speed of electrons — and the future of money is inexorably going digital, too. New forms of digital money, such as central bank digital currencies (CBDCs) and so‐​called global stablecoins, are shaping the future of money and payments. CBDCs are a digital form of fiat currency issued by a central bank. Some central banks started exploring CBDCs a few years ago, and those explorations have gathered momentum since Facebook and its partners announced their intention to launch the Libra stablecoin in June 2019. Because the stablecoins issued by large technological companies or platforms (Big Techs) have the potential to be adopted by businesses and households everywhere, they are called “global stablecoins,” or GSCs, in shorthand.
Topic:
Geopolitics, Global Political Economy, Money, Currency, and Trade
Political Geography:
Global Focus

4. Economic Linkages across the Mediterranean: Trends on trade, investments and energy

Author:
Panagiota Manoli
Publication Date:
01-2021
Content Type:
Working Paper
Institution:
Hellenic Foundation for European and Foreign Policy (ELIAMEP)
Abstract:
The Mediterranean is of multifaceted importance for the global economy, as it is one of the most highly valued seas globally. However, the region’s growth and economic integration path has often been obstructed by political upheavals and conflicts. This paper focuses on key features of the current regional dynamics in trade, investments and energy as sources of growth in the Mediterranean, with a view to assessing where the region stands today. The Mediterranean’s regional economic linkages manifest two dominant features: on the one hand, there is the marked heterogeneity of the countries’ performance in foreign trade, investment flows and energy (oil and gas) potential; on the other hand, there is the strong north-south element that shapes all intra-regional flows. These features indicate that, despite weak integration at a regional level, opportunities exist to strengthen intra-regional links as the Mediterranean further integrates into the global economy and benefits from long-standing multilateral and cooperative structures across the region.
Topic:
Energy Policy, Global Political Economy, Investment, and Trade
Political Geography:
Mediterranean

5. Capital Account Regulation and National Autonomy: The Political Economy of the New Welfare Economics

Author:
Luiza Peruffo, Pedro Perfeito da Silva, and Andre Moreira Cunha
Publication Date:
01-2021
Content Type:
Journal Article
Journal:
Contexto Internacional
Institution:
Institute of International Relations, Pontifical Catholic University of Rio de Janeiro
Abstract:
The 2007-2009 Global Financial Crisis (GFC) eroded the consensus around the benefits of capital mobility within mainstream economics. Against this background, this paper discusses to what extent the new mainstream position on capital flow management measures, based on the New Welfare Economics, expands the policy space of developing and emerging economies (DEEs). This paper argues that the new position can be classified as an embedded neoliberal one, given that it keeps liberalization as its ultimate goal, while nonetheless accepting to mitigate some of its harmful consequences. After comparing the capital account policies of China and Brazil, this paper concludes that the policy prescriptions of the New Welfare Economics do not lead to higher levels of national autonomy for DEEs and are likewise unable to curb financial instability in these countries.
Topic:
Global Political Economy, Neoliberalism, Autonomy, and Capital
Political Geography:
Global Focus

6. Post-American Moments in Global Financial Governance in the New Millennium

Author:
Ilene Grabel
Publication Date:
01-2021
Content Type:
Working Paper
Institution:
Political Economy Research Institute (PERI), University of Massachusetts Amherst
Abstract:
It is difficult to find much to celebrate about the current conjuncture, marked as it is by deeply destructive incoherence. The best that can be said is that we are in an interregnum. But I suggest that today’s incoherence also includes productive and even transformative moments. I argue that incoherence in global financial governance should be understood as productive in several respects. It is creating and widening alternative spaces in which some of the values, practices, tools, objectives, and goals associated with embedded liberalism can be rearticulated in a world in which there is no “order,” American-led or otherwise. The silver lining of incoherence is that it creates space for experimentation and innovation unconstrained by an overarching “ism.” Incoherence is creating exits or leakages from noxious national and global policy environments, rendering it less poisonous than it would be in the absence of ideational aperture and contestation, competing policies, institutions, networks, and poles of power. The abdication by the US of its traditional role of global coordination and discipline, as exerted under the post-war embedded liberal or the neoliberal American-led orders, is creating opportunities for more permissive and varied “reembededness” and diverse forms of economic integration. The emerging regime reflects neither your grandmother’s American-led order 1.0 or 2.0. In this morbid post-American interregnum there is no singular “ism” or “alternative order,” a fact that I do not mourn.
Topic:
Governance, Finance, Global Political Economy, and Neoliberalism
Political Geography:
Global Focus and United States of America

7. Coronavirus Crisis Accelerating Reconsideration of Supply Chains

Author:
Yoshiaki Takayama
Publication Date:
05-2020
Content Type:
Commentary and Analysis
Institution:
Japan Institute Of International Affairs (JIIA)
Abstract:
Amid the COVID-19 pandemic, international interdependence is changing. The current international political situation, characterized by harsh power politics, and the current state of the international economy, in which states with different values ​​are economically connected, are leading to reconsideration of international supply chains. Understanding international supply chains is extremely important in looking at the prospects for the global political economy. The purpose of this comment is to explore the trends and implications of reconsidering supply chains.
Topic:
Politics, Global Political Economy, COVID-19, and Supply Chains
Political Geography:
Global Focus

8. Growth Models and the Footprint of Transnational Capital

Author:
Patrick Kaczmarczyk
Publication Date:
06-2020
Content Type:
Research Paper
Institution:
Max Planck Sciences Po Center on Coping with Instability in Market Societies (MaxPo)
Abstract:
The definition of various growth models is the latest innovation of comparative capitalism (CC) research. Yet, the literature has its weaknesses in explaining the dynamics within and the interdependencies between different growth models. I argue that this weakness stems inter alia from an inadequate conceptualization of transnational corporations (TNCs). I provide empirical evidence on the footprint of international capital in the global economy and outline how including TNCs as a unit of analysis can help us to better understand economic outcomes. This leads to several implications for the growth models literature, which I conclude my argument with.
Topic:
Economics, International Political Economy, Global Political Economy, Economic Growth, Transnational Actors, Multinational Corporations, and Macroeconomics
Political Geography:
Global Focus

9. EU MONITOR: Has the time come for a Czech Regional Policy?

Author:
Vít Havelka
Publication Date:
01-2020
Content Type:
Special Report
Institution:
Europeum Institute for European Policy
Abstract:
Over the past 5 years, the Czech Republic has experienced unprecedented GDP growth, moving the country from 83% of EU average GDP in 2013 to 91% of the EU average GDP in 2019. At the same time, the Czech wage increased by more than 7% in 2013 in the last three years. This phenomenon is addressed by our Vít Havelka in the latest issue of the EU Monitor. The following decade will likely be determining for the future success of the Czech Republic. The global economy and its supply chains are undergoing a significant shift; Asian states are slowly becoming innovative leaders rather than being a cheap labour pool. Furthermore, the Czech Republic is heavily dependent on the automotive industry3, which is under pressure not only by stricter emission regulation, but also disruptive market change such as autonomous systems, digitalization and electrification. It is likely that old market strategies will prove obsolete as it happened in case of cell phones. Along with the changing global economy, the Czech Republic is nearing to a point where it will not be fully able to rely on the EU Cohesion Policy anymore. The country has reached the threshold of 90% EU ́s average GDP, and if the current economic development remains the same, the Czech Republic will not have access to Cohesion Funds after the coming MFF, and it will receive significantly less money from the EU budget. The problem is that regional disparities within the Czech Republic remain high, especially between the capital city Prague and the rest of the country. Simultaneously, since the EU accession in 2004, the Czech Republic relied mainly on the EU Cohesion Policy in terms of providing funding for regions, supplementing the EU ́s activity only with minor national contributions. As a result, the country does not have a well-developed culture of regional policy that would be nationally funded, and there is not even a discussion in the media about national solidarity with disadvantaged regions. The following paper aims at discussing a possible way forward for the Czech Republic, especially in the context of expected changes in global economy and simultaneous decrease of EU Funding that could help mitigate the impact of economic disruptions. The focus will be laid on possible If the whole automotive left the Czech Republic, Deloitte estimates that the Czech GDP would decrease by 25% and 1,4 million Czechs would lose their reaction to lower income from the EU, as it is presumed that a solid regional policy is crucial in maintaining internal cohesion and contributes to mitigation of economic turbulences.
Topic:
European Union, GDP, Global Political Economy, and Economic Growth
Political Geography:
Europe and Czech Republic

10. Non-Aligned Movement and Its Perspective in International Affairs

Author:
Farid Shafiyev
Publication Date:
06-2020
Content Type:
Journal Article
Journal:
Caucasus Strategic Perspectives
Institution:
Center of Analysis of International Relations (AIR Center)
Abstract:
The current issue of the Caucasus Strategic Perspectives (CSP) journal entitled “Non-Aligned Movement and Its Perspective in International Affairs” is dedicated to the current dynamics of the NAM, precisely with focus on chairmanship of Azerbaijan within the Movement. The current authors of the CSP Journal analyzed the cooperation perspectives within NAM, and the relevance of NAM, as well as concept of non-alignment in the foreign policies of members states. While analyzing these topics, the authors also reflected their views on the challenges of these factors for the foreign policies of the NAM member states.
Topic:
Regional Cooperation, Global Political Economy, and Political Movements
Political Geography:
Eurasia, Caucasus, and Azerbaijan