The Political Economy of Technology in Global Markets and Transforming Governance of Korean Chaebol

2006 ◽  
pp. 80-129
Author(s):  
Doo-Jin Kim ◽  
Young-Chan Kim
Keyword(s):  
Political Economy ◽  
Global Markets ◽  
The Political

scholarly journals Why were capital controls abandoned? The case of Britain’s abolition of exchange controls, 1977–1979

2019 ◽  
Vol 21 (2) ◽  
pp. 403-420 ◽  
Author(s):  
Jack Copley
Keyword(s):  
Political Economy ◽  
Capital Controls ◽  
Global Markets ◽  
The Political ◽  
Capital Control ◽  
Margaret Thatcher ◽  
Export Competitiveness ◽  
Laissez Faire ◽  
Exchange Control

This article examines the politics of capital control liberalisation through an archival analysis of Britain’s exchange controls abolition. While the political economy consensus states that capital controls were abandoned because of a desire to boost the competitiveness of national financial centres and the ascendance of laissez-faire ideas, this article will challenge this interpretation. The James Callaghan and Margaret Thatcher governments were concerned by the worsening performance of British industrial exporters, and exchange control abolition constituted a strategy to depreciate sterling and thus boost export competitiveness. Yet this beggar-thy-neighbour strategy risked spooking global markets and provoking a run on sterling. Thus, the Thatcher administration publicly masked its intentions by emphasising that this deregulation was motivated by laissez-faire ideology. This article thus reconceptualises the role of competition and ideas in spurring capital control liberalisation by demonstrating the importance of industrial competitiveness and the role of ideas as rhetoric.

Small States in Global Markets

2021 ◽  
pp. 404-422
Author(s):  
Sam Brazys ◽  
Aidan Regan
Keyword(s):  
Political Economy ◽  
Foreign Direct Investment ◽  
Industrial Policy ◽  
Growth Model ◽  
Direct Investment ◽  
Global Markets ◽  
The Political ◽  
Small States ◽  
Macroeconomic Conditions ◽  
Long Run

The Irish foreign direct investment (FDI) growth model has attracted attention from around the globe. While a significant amount of attention has been focused on how tax strategies and industrial policy have helped attract FDI to Ireland, fewer have examined the domestic political economy that supports the model. In this chapter, we examine the spatial and sector nature of FDI in Ireland and find that it concentrates heavily in a small number of sectors and locations. Collectively, we argue that this concentration, pressure on the Irish tax regime, and changing global macroeconomic conditions may shake the political economy of the Irish FDI growth model and render it unsustainable in the long run.

Conflict Management and the Political Economy of Recognition

2018 ◽  
pp. 127-160
Author(s):  
Christopher Borgen
Keyword(s):  
Political Economy ◽  
Conflict Management ◽  
Armed Conflict ◽  
Violent Conflict ◽  
Third Party ◽  
Global Markets ◽  
The Political ◽  
Public International Law ◽  
The Public ◽  
State Actors

States increasingly find themselves in competition and conflict with non-State actors, including terrorist networks, insurgencies, separatist regimes, criminal cartels, and other groups. The effects of the law and practice of recognition—including the recognition of States, of governments, and of belligerencies—on conflicts with such illicit non-State actors has been underappreciated. The rules of recognition are not external to these conflicts; they interact with the strategy and the tactics of the parties to the conflict and of third-party States. While States have access to global markets, judicial protections, and the privileges and immunities of sovereignty, unrecognized entities use illegal strategies to find necessary resources to continue their fight. This chapter describes the range of actors that are both involved in violent conflict and also operate on the fringes of recognition. It will review the various aspects of law of recognition and consider practices old and new in order to understand the effects of recognition decisions, including how recognition interacts with the laws of armed conflict. It will also discuss how nonrecognition affects access to resources, such as financing and skilled labor, and the variety of responses by unrecognized entities. To understand the strategy of the illicit non-State actors in conflict with States, one must not only appreciate their motivations and goals, but perceive their constraints. The political economy of conflict is not separate and apart from the public international law of recognition; they are intertwined.

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