New Political Economy最新文献

{"title":"Why do national skill systems vary? The state’s role in skill system institutions for maintaining growth models","authors":"Merve Sancak","doi":"10.1080/13563467.2023.2279077","DOIUrl":"https://doi.org/10.1080/13563467.2023.2279077","url":null,"abstract":"This article combines the comparative political economy of skill formation literature with the one on growth models to analyse the state's role in skill systems of late industrialising countries. It focuses on Mexico and Turkey, which constitute crucial cases for a most similar case analysis. The article shows that Mexico and Turkey followed different growth models after their economic liberalisation, which led to distinct state roles in two key skill system institutions, namely the minimum wage and the vocational education and training (VET) system. In Mexico, the state aligned these institutions with the ‘dependent-downgrading' growth model, which was reliant on external demand and investments with low industrial upgrading and sometimes downgrading, and minimal working-class cohesion. Minimising labour costs was prioritised to attract foreign investment and to reduce the prices of exports, leading to extremely low wages and a liberal VET system in Mexico. In Turkey, the growth model was ‘domestic-upgrading’ with higher role of domestic investments and demand, and some improvements in industrial upgrading and working-class social cohesion. Ensuring high minimum wage and comprehensive VET system constituted key strategies for the state to maintain this growth model in Turkey, leading to relatively higher minimum wage and a statist VET system.","PeriodicalId":51447,"journal":{"name":"New Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135136993","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The politics of student loan in Turkey: regimenting the youth through <i>authoritarian debtfarism</i>","authors":"Havva Ezgi Dogru","doi":"10.1080/13563467.2023.2275014","DOIUrl":"https://doi.org/10.1080/13563467.2023.2275014","url":null,"abstract":"ABSTRACTThe mass-scale expansion of student loan schemes in Turkey over the last two decades has been accomplished by a governance technique which the article defines as authoritarian debtfarism. By restructuring the Credit and Dormitories Institution (KYK) as subordinated to the executive and insulated from democratic intervention, the authoritarian neoliberal state in Turkey has sought to fulfil its new economic function, i.e. enabling the societal reproduction of the youth by increasing their financial dependency on credit money. The state-led student loan expansion in Turkey emerged in a tuition-free higher education setting without a sophisticated financial infrastructure and in an economic environment marked with perpetual graduate unemployment as well as inflationary pressures on repayment amounts. Based on a detailed interrogation of the official documents and in-depth interviews with defaulters, this article argues that authoritarian debtfarism has imposed a rigid market discipline over the university youth by using non-transparency and arbitrariness as its governance mechanisms. Consequently, future labour of the graduates is put on hold through a long-term debt relation, compelling them to integrate into labour market precariously as a new segment of the relative surplus population.KEYWORDS: Student loan politicsTurkeyauthoritarianismdebthigher education AcknowledgementsI am thankful for the feedback received on a previous version of this paper, which was presented at the 17th National Social Science Congress organised by the Turkish Social Sciences Association in February 2023. The author expresses gratitude to Susanne Soederberg, Canan Şahin, and Rebecca Hall for their valuable feedback.Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1 Like Turkey, China, India and Brazil experienced a rapid increase in their gross enrollment rates. To illustrate, from 2001 to 2021, the GER increased from 8 to 64 per cent in China, from 10 in to 31 per cent in India and from 21 to 55 per cent in Brazil (Ziderman Citation2023, World Bank Citation2023a). This trend was accompanied with the expansion of student loans, with 30 per cent of the total university students taking loans in China (Yang Citation2017), 26 per cent in India (Chalil Citation2021), 40 per cent in Brazil (Lavinas et al. Citation2019) and 27 per cent in Turkey (see Figure 2). The reason why time reference for these countries is not standardised is a lack of data regarding the countries mentioned.2 While accurate default rates are unavailable, non-performing assets rose in the late 2010s, which reaches one-third in some states of India (Chalil Citation2021, p. 128) and 30 per cent in some underdeveloped regions in China (Cai et al. Citation2019, p. 98), 47 per cent in Brazil (Lavinas et al. Citation2019).3 The data is retrieved from the same source used for Figure 2. Please see the endnote 14.4 These figures have been computed using data from TU","PeriodicalId":51447,"journal":{"name":"New Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135320861","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"On the links between climate scepticism and right-wing populism (RWP): an explanatory approach based on cultural political economy (CPE)","authors":"Tobias Haas","doi":"10.1080/13563467.2023.2275017","DOIUrl":"https://doi.org/10.1080/13563467.2023.2275017","url":null,"abstract":"Various analyses show that right-wing populist parties (RWP) tend to be sceptical of climate science and policy. This points to a blank space in the dominant analyses of populism: their blindness towards society-nature relations. This paper aims to develop an approach grounded in Cultural Political Economy (CPE) that can be used to decipher the mediation of RWP within the context of economic, political, and cultural developments as well as society–nature relations. Against this background, the argument is developed that RWP is concerned not only with countering migration and processes of societal liberalisation, but also with defending an existing way of life that is firmly rooted in the destructive appropriation of nature. As a current of right-wing politics, RWP defends the imperial mode of living by expressing scepticism towards the existence of anthropogenic climate change. The paper contributes to a better understanding of the political economy of RWP by linking the dimensions of social domination with the appropriation of nature.","PeriodicalId":51447,"journal":{"name":"New Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135863923","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Social reproduction theory and the capitalist ‘form’ of social reproduction","authors":"Pedro M. Rey-Araújo","doi":"10.1080/13563467.2023.2275008","DOIUrl":"https://doi.org/10.1080/13563467.2023.2275008","url":null,"abstract":"","PeriodicalId":51447,"journal":{"name":"New Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136068907","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Beyond context: taking political economy seriously in the study of corporate accountability","authors":"Daniela Lai","doi":"10.1080/13563467.2023.2268018","DOIUrl":"https://doi.org/10.1080/13563467.2023.2268018","url":null,"abstract":"The article argues for taking political economy seriously in the study of corporate accountability in transitional justice processes. Corporate actors are now commonly involved in transitional justice (that is, attempts at doing justice in the aftermath of mass violence). However, the literature is still limited by an inclination to treat political economy as context, rather than as a structuring factor intervening both on the war-related or authoritarian violence and on the efforts to make corporate actors accountable. This article proposes three shifts towards a better understanding of the political economy of corporate accountability in TJ: from a focus on the proximate economic causes of war to a genealogical view of pre-war, wartime and post-war economies; towards a more holistic view of conflict financing; and from an emphasis on the political economy of war to the political economy of violence. These shifts allow us to analyse a greater variety of political economies of corporate accountability, address more diffuse responsibilities for violence and injustice, and cover forms of violence that extend over longer periods of time. While holding broader relevance for the field, the arguments are illustrated with reference to the former Yugoslav region and the Bosnian War.","PeriodicalId":51447,"journal":{"name":"New Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135858049","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Does household indebtedness contribute to the decline of union density?","authors":"Giorgos Gouzoulis","doi":"10.1080/13563467.2023.2268038","DOIUrl":"https://doi.org/10.1080/13563467.2023.2268038","url":null,"abstract":"This paper argues that rising household indebtedness is associated with the decline of organised labour. Over the last decades, the financial system is increasingly financing working-class households, and recent research shows that indebted employees become more risk-averse at the workplace on the fear of losing their job and defaulting. Thus, since union formation or participation is commonly punished with redundancy, rising household indebtedness is likely to be associated with the aggregate reduction in unionisation. This study examines this argument for a high-, a mid-, and low-unionisation economy over the period 1965–2018: Sweden, Japan, and South Korea, respectively. Regression analysis provides robust support in favour of this argument. The results also suggest that financial regulation and social norms about personal insolvency matter for the size of the effects of household debt on unionisation.","PeriodicalId":51447,"journal":{"name":"New Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136212043","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Trade fetishism and the trade justice ratchet: between token and substantive change in NAFTA 2.0","authors":"Gavin Fridell","doi":"10.1080/13563467.2023.2268034","DOIUrl":"https://doi.org/10.1080/13563467.2023.2268034","url":null,"abstract":"Countless socially responsible trade initiatives have emerged in recent years offering an uncertain mixture of token and substantive changes. After decades of battles over free trade, this marks a significant shift, challenging established debates over free versus regulated markets by promoting labour, gender, human, and environmental rights through trade agreements. This reorientation contains complex contradictions, with trade justice groups conceding to the popularity of trade while simultaneously insisting on a new vision of what trade is ‘about.’ Drawing on the idea of trade fetishism, this article argues that the desire for trade involves not only its material motivations, but its seductive content as a fetishised object of global capital, offering the fantasy of ‘trade’ as a symbolic source of pleasure. Through the case of the new NAFTA 2.0, it points to the relevance of trade politics that aspires not to overcome trade fetishism, but, as Lucas Pohl (Citation2022) suggests, to ‘get with’ it. Through a trade justice ratchet mechanism, advocates have pushed for unanticipated changes, while also ceding to the limitations of the current order. The outcome is a process of contesting the symbolic content of what trade is and is not about, with significant material and policy implications.","PeriodicalId":51447,"journal":{"name":"New Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-10-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136358679","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The AGM as a site of contestation: evaluating the tactics of environmental shareholder activists","authors":"Ainsley Elbra","doi":"10.1080/13563467.2023.2264211","DOIUrl":"https://doi.org/10.1080/13563467.2023.2264211","url":null,"abstract":"ABSTRACTThe politics of climate change in Australia remains highly fraught, this is despite the country experiencing acute impacts of a changing climate including mega-fires, floods, and severe and prolonged drought. Government inaction has led to limited market signals encouraging producers or consumers to move away from carbon intensive energy production to clean energy. In the absence of regulation, Australian shareholder activists are engaging directly with company boards and executives to reform corporate behaviour. This engagement, environmental, social, and governance (ESG) shareholder activism, has proliferated since 2017, much later than in comparable jurisdictions. Activists have targeted the mining, oil and gas, and finance sectors, due to their contribution to the Australian economy and their direct impact on global emissions. This paper explores the reasons for, and the implications of, the growth in ESG shareholder activism in Australia. It argues that the emergence of this activism in Australia was delayed due to complexities in the country's corporations' law. Regulatory attempts at stymying ESG shareholder activism resulted in the emergence of a duopoly of actors, at the cost of broader investor and civil society engagement. It is concluded that the rise of ESG shareholder activism in Australia is linked to growing tension between societal expectations, regulation, and the behaviour of firms. And, that ESG activists have been successful in leveraging this tension. There is evidence that large corporates have responded to activist claims, rendering this form of activism a potentially effective method for addressing some of the most pressing issues facing society.KEYWORDS: ESG shareholder activismanti-corporate politicssocial movementsclimate changeenvironmental politics AcknowledgementsThe author wishes to thank the two anonymous reviewers and the ECPR General Conference 2023 Energy Politics, Policy and Governance Standing Group panels for their generous engagement with the paper.Disclosure statementNo potential conflict of interest was reported by the author(s).Notes1 This was followed by an attempted hostile takeover of the firm by entrepreneur and philanthropist, Mike Cannon-Brooks. This bid ultimately failed but did lead to the appointment of four new Cannon-Brooks-backed independent board members and put an end to the proposed demerger that would have carved out the emissions intensive business.2 This figure is of course much higher for Australia’s neighbouring Pasifika communities, who are 100 times more likely to be displaced by climate induced crises than those living in Europe. It must be noted that states in the global north (including Australia) have contributed the majority of the emissions that are likely to displace those whose contributions have been minimal.3 While there are some similar actors in other jurisdictions (i.e. People for the Ethical Treatment of Animals), the majority of filers in the UK and US partner","PeriodicalId":51447,"journal":{"name":"New Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135246010","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"From NAFTA to USMCA: revisiting the market access – policy space trade-off","authors":"Ludovic Arnaud","doi":"10.1080/13563467.2023.2260986","DOIUrl":"https://doi.org/10.1080/13563467.2023.2260986","url":null,"abstract":"This paper contributes to the literature on the evolution of North–South trade agreements, which historically involved countries in the global South relinquishing policy space for activist trade and industrial policies in exchange for locking-in preferential and stable market access. It takes as case study the renegotiation of the North American Free Trade Agreement (NAFTA), drawing on the agreements, media coverage of the negotiations, and 107 interviews with negotiators and stakeholders in all three countries. I show how the renegotiation resulted in changing conflicts: while the Mexican government attempted to preserve its market access and sought to further restrict its policy space due to path dependence, the Trump administration wanted to reduce market access for Mexico and create uncertainty to re-shore production. The Trump administration partially succeeded by undermining the lock-in effect of trade agreements and including unprecedented provisions in USMCA. The actions of the Biden administration indicate a long-term shift in US trade policy towards protectionism. Combined with the USMCA sunset clause, this creates the risk that the US will use USMCA review periods to create market access uncertainty instead of seizing the opportunities to strengthen North American economic cooperation.","PeriodicalId":51447,"journal":{"name":"New Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136237432","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Is China financialised? The significance of two historic transformations of Chinese finance","authors":"Yuning Shi","doi":"10.1080/13563467.2023.2253158","DOIUrl":"https://doi.org/10.1080/13563467.2023.2253158","url":null,"abstract":"This article tackles the question of whether financialisation is present in the Chinese economy by analysing two key transformations of the country’s financial system. The first was a state-led reform process through which the Chinese financial system introduced market practices, similarly to the rest of the economy. The second was a market-led process, reflected in the emergence and rise of shadow banking, which originates from within financial markets with the aim of bypassing loan restrictions. The article shows that despite the two transformations and the enormous growth of finance during the past four decades, the underlying character of the Chinese financial system exhibits remarkable continuity. Namely, it remains bank based – albeit partially liberalised – with a predominant role for bank credit and a strong presence for the state. The relational and government-controlled structures of Chinese finance have not been replaced by arm’s length and private mechanisms. On these grounds, it is premature to consider the Chinese economy to be financialised.","PeriodicalId":51447,"journal":{"name":"New Political Economy","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135885734","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}