12. Politics and Markets

2020 ◽  
pp. 249-270
Author(s):  
Neil Robinson ◽  
Owen Worth
Keyword(s):  
Political Economy ◽  
World War Ii ◽  
Financial Crises ◽  
State Level ◽  
Initial Response ◽  
The Political ◽  
World War ◽  
Economic Management ◽  
Capitalist Development ◽  
International Financial Crisis

The political economy of Europe has changed significantly in the last four decades because of globalization, the collapse of communism, and financial crises. This chapter first discusses the different varieties of capitalism that emerged in Europe after World War II. It looks at how they have been put under pressure by economic internationalization and the dominance of neoliberal ideas, which together have weakened economic management at nation-state level. The chapter also looks at the development of capitalism in Eastern Europe and explanations for variance in post-communist capitalist development. Finally, the chapter considers the challenges to the management of Europe’s political economy posed by the international financial crisis that dominated much of Europe’s politics after 2007, along with the initial response to the economic crisis caused by the coronavirus pandemic in 2020.

13. The Political Economy of Development

2016 ◽  
Author(s):  
Nicola Phillips
Keyword(s):  
Political Economy ◽  
World War Ii ◽  
Human Development ◽  
Development Strategies ◽  
The Political ◽  
World War ◽  
Theoretical Terms ◽  
The World ◽  
Political Economy Of Development ◽  
The Relationship

This chapter focuses on the political economy of development. It first considers the different (and competing) ways of thinking about development that have emerged since the end of World War II, laying emphasis on modernization, structuralist, and underdevelopment theories, neo-liberalism and neo-statism, and ‘human development’, gender, and environmental theories. The chapter proceeds by exploring how particular understandings of development have given rise to particular kinds of development strategies at both the national and global levels. It then examines the relationship between globalization and development, in both empirical and theoretical terms. It also describes how conditions of ‘mal-development’ — or development failures — both arise from and are reinforced by globalization processes and the ways in which the world economy is governed.

Money and the Ghetto, Money in the Ghetto

2019 ◽  
Vol 46 (3) ◽  
pp. 494-499
Author(s):  
Destin Jenkins
Keyword(s):  
Political Economy ◽  
World War Ii ◽  
The Political ◽  
World War ◽  
Post World War Ii ◽  
Racial Capitalism ◽  
History Of ◽  
Forms Of Violence ◽  
The Relationship ◽  
The City

This essay revisits Making the Second Ghetto to consider what Arnold Hirsch argued about the relationship between race, money, and the ghetto. It explores how Hirsch’s analysis of this relationship was at once consistent with those penned by other urban historians and distinct from those interested in the political economy of the ghetto. Although moneymaking was hardly the main focus, Hirsch’s engagement with “Vampire” rental agencies and panic peddlers laid the groundwork for an analysis that treats the post–World War II metropolis as a crucial node in the history of racial capitalism. Finally, this essay offers a way to connect local forms of violence to the kinds of constraints imposed by financiers far removed from the city itself.

Understanding the Trajectory of Japanese Capitalism

2020 ◽  
Vol 47 (1) ◽  
pp. 149-161
Author(s):  
Heidi Gottfried ◽  
David Fasenfest
Keyword(s):  
Political Economy ◽  
World War Ii ◽  
National Identity ◽  
Methodological Approach ◽  
World War ◽  
Capitalist Development ◽  
Postwar Reconstruction ◽  
Regional Dynamics ◽  
Japanese Capitalism ◽  
Historical Examination

How can we understand the trajectory of Japanese capitalism? This Afterword situates Japan on a broad canvas stretching across both the region and the globe. East Asia’s regional dynamics figure prominently, shaping the trajectory of Japanese capitalism not only in the formative Age of Empire and postwar reconstruction, but also in the emergent Asian Century. An historical examination of geo-politics highlights imperial entanglements and both the routes and the roots of capitalist development in Japan. This discussion begins by setting the stage of post-World War II Japan, elaborating on the reproductive bargain that characterizes Japan’s political economy, investigating the importance of national identity as it informs who can participate in Japan’s economy, revealing the underbelly of contemporary Japan, discussing forces for change, and revisiting the methodological approach used to understand Japanese capitalism.

Bigger than the Sound

2020 ◽  
Vol 24 (3) ◽  
pp. 97-127
Author(s):  
Tao Leigh Goffe
Keyword(s):  
Political Economy ◽  
World War Ii ◽  
Cultural Capital ◽  
Rural Areas ◽  
The Political ◽  
World War ◽  
Sound System ◽  
Chinese Descent ◽  
Conditions Of Possibility ◽  
Retail Grocery

This essay examines the political economy of Caribbean cultural capital and the formation of reggae in Jamaica in the 1950s. Through study of the Afro-Asian intimacies and tensions embedded in the sound of preindependence Jamaica, the essay traces the birth of the “sound-system” to the networks of local small-retail grocery shops, ubiquitous across Jamaica, that were owned and operated by Jamaican Chinese shopkeepers and examines how they formed material infrastructures. In charting the hardwiring of speakers and how the sociality of the shop housed the production of a new sound, the essay argues that sonic innovation was derived from Afro-Jamaican servicepeople who returned from World War II with military technological expertise, which they applied to sound engineering, and from entrepreneurial guilds of Jamaican merchants and shopkeepers of Chinese, Afro-Chinese, and Indo-Chinese descent, who helped form the conditions of possibility for the production and global distribution of reggae. Thus the networks of Jamaican Chinese diasporic capital and talent, producing and performing, helped to engineer the electrical flows of reggae to rural areas and urban dancehall parties.

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