How Mobile Capital Plays Off Democracy

Author(s):  
Jocelyn Pixley
Keyword(s):  
2017 ◽  
Vol 2 (3) ◽  
pp. 343
Author(s):  
Saiful Hakam

This study aims to explain about the rise of the Chinese trading culture, which is considered original at first then change progressively based on the internal process, and become damaged after making contacts with the native civilizations, is completely dissatisfying, though part of the truth is explained. Based on the critical analysis approach from the historical facts written by some scholars, the result of this study shows that the political and cultural changes were absolutely a sign of remarkable shock. Mongol conquests were contributed to these changes, though indirectly. Indian civilization was accepted by the native people, which then also influenced by the native culture. While the Islamic Nuance in Indian Ocean had been colored by Islamic nuance for approximately two centuries, wherein the trades in the middle and Chinese oceans were united naturally. Meanwhile Southeast Asia had grown rapidly after being involved in the hectic trading traffic. There were new social groups with the wealth of mobile capital, with a new spirit as the trades, in which in its development, there was a new form of state which was called as sultanate. One of the most important facts of that period is the rise of Java as a great sea power. Keywords:Chinese politic, Trading, Civilization


2020 ◽  
Vol 75 (3) ◽  
pp. 253-257
Author(s):  
Christian Smigiel

Abstract. This article deals with one of the most controversial topics in urban studies related to mobile capital and mobile people. At first glance this seems to be contradictory since numbers of short-term rentals have decreased dramatically due to the coronavirus (SARS-CoV-2) pandemic. However, this paper is not about numbers and statistics. Instead it discusses structural issues regarding governance and power relations which remain important topics (especially) in times of crisis. It provides insights regarding the following issues: firstly, it deconstructs different “myths” that still surround short-term rentals and Airbnb and secondly, it delineates the structural power of Airbnb as a new urban institution. This helps us to understand some of the conflicts over Airbnb and the pitfalls with current forms of regulation on the one side as well as showing the complexity and agency of short-term rentals on the other.


2015 ◽  
Vol 17 (3) ◽  
pp. 527-552 ◽  
Author(s):  
Henry Farrell ◽  
Abraham L. Newman

What is the relationship between globalization and the political power of business? Much of the existing literature focuses on the ability of mobile capital to threaten exit in order to press for more business friendly rules. In this article, we refine arguments about exit options in global markets by arguing that the relative exit options available to business and other actors are neither fixed, nor exogenous consequences of some generically conceived process of globalization. Instead, they themselves are the result of struggles between actors with different interests and political opportunities. Since exit options play a crucial role in determining the relative structural power of business vis-à-vis other actors, we dub the power to shape exit optionsstructuring power, distinguishing it from structural power, and argue that it is crucial to explaining it. We identify two channels through which actors can shape exit options – extending jurisdictional reach and reshaping the rules of other jurisdictions – and the factors that will make regulators and business more or less capable of exercising structuring power. We then use two exploratory case studies – one involving privacy regulation, the other accountancy standards – to illustrate how structuring power can work to shape exit options, and thus structural power. We conclude by considering the relationship between structuring power, structural power, and the existing literature in comparative and international political economy.


2006 ◽  
Vol 54 (1_suppl) ◽  
pp. 150-174 ◽  
Author(s):  
Nicole Shukin
Keyword(s):  

1998 ◽  
Vol 46 (4) ◽  
pp. 671-692 ◽  
Author(s):  
Duane Swank

Theorists assert that international capital mobility creates substantial pressure for all democratically elected governments to decrease tax burdens on business. I explicate and critique the general version of this theory and offer an alternative view. Empirically, I explore whether or not the globalization of capital markets has resulted in decreases in business social security, payroll, and profit taxes. I also investigate whether or not capital mobility has intensified government responsiveness to domestic investment and profitability. Evidence suggests that business tax burdens have not been reduced in the face of rises in capital mobility nor is tax responsiveness to profitability and domestic investment intensified by more open capital markets. To the contrary, analyses indicate that business taxation has become subject to new ‘market conforming’ policy rules that developed in tandem with liberalization of markets. These new policy orientations reduce the economic management roles of business taxation while leaving the revenue-generating roles intact. In conclusion, I discuss the implications of the findings for questions concerning the structural power of internationally mobile capital, redistributive policies, and the autonomy of democratically elected governments in a global economy.


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