Democracy Reloaded

Author(s):  
Cristina Flesher Fominaya

Framed in debates about the crisis of democracy, the book analyzes one of the most influential social movements of recent times: Spain’s “Indignados” or “15-M” movement. In the wake of the global financial crisis and harsh austerity policies, 15-M movement activists occupied public squares across the country, mobilized millions of Spanish citizens, gave rise to new hybrid parties such as Podemos, and inspired pro-democracy movements around the world. Based on access to key participants in the 15-M movement and Podemos, and extensive participant observation, the book tells the story of this remarkable movement, its emergence, evolution, and impact. In so doing, it challenges some of the core arguments in social movement scholarship about the factors likely to lead to movement success. Instead, the book argues that movements organized around autonomous network logics can build and sustain strong movements in the absence of formal organizations, strong professionalized leadership, and the ability to attract external resources. The key to understanding its power lies in the shared political culture and collective identity that emerged following the occupation of Spain’s central squares. These protest camps sustained the movement by forging reciprocal ties of solidarity between diverse actors, and generating a shared set of critical master frames across a diverse set of actors and issues (e.g., housing, education, pensions, privatization of public services, corruption) that enabled the movement to effectively contest hegemonic narratives about the crisis, austerity, and democracy, influencing public debate and the political agenda.

Author(s):  
Racine Brown

The purpose of this article is to elucidate the differential recovery of household livelihood after the Global Financial Crisis (GFC) in the communities of West End and Punta Gorda on the island of Roatán, Islas de La Bahia (Bay Islands), Honduras; the emphasis is on livelihoods in tourism due to its economic importance on the island. The theoretical approach is a political ecology of tourism with an emphasis on differential benefits and challenges of tourism development at the household level. The study employs a mixed methods ethnographic approach incorporating participant observation, informal interviews, and semi-structured interviews for the qualitative component. While the tourism sector on Roatán has recovered since undergoing a severe contraction in the latter part of 2009 and continuing in 2010, this recovery has been uneven, with larger tourism businesses and their employees faring better than small scale entrepreneurs.


2017 ◽  
Vol 26 (2) ◽  
pp. 110-126 ◽  
Author(s):  
Mary Hawkins ◽  
Helena Onnudottir

Land is central to Icelandic identity. It is birthright, heritage, a site of memory and belonging; mountains and fjords are the stuff on which Icelandic dreams are made. Land is made culture through story and song, told at family gatherings, and sung at schools and on hiking trips. Icelandic identity was built on this imagining, coupled to a vision of Icelanders as an exceptional people, a Viking race. The events of the Global Financial Crisis (GFC), which exposed institutional corruption, caused many Icelanders to doubt the Viking image. At the same time, Iceland has been invaded by tourists. This article, based on participant observation, a survey and interviews, argues that one significant effect of the post-GFC foreign invasion has been a transformation of the cultural and moral order in Iceland, away from the boasting Viking and towards a new set of values within which land and nature occupy an even more central place.


2013 ◽  
pp. 152-158 ◽  
Author(s):  
V. Senchagov

Due to Russia’s exit from the global financial crisis, the fiscal policy of withdrawing windfall spending has exhausted its potential. It is important to refocus public finance to the real economy and the expansion of domestic demand. For this goal there is sufficient, but not realized financial potential. The increase in fiscal spending in these areas is unlikely to lead to higher inflation, given its actual trend in the past decade relative to M2 monetary aggregate, but will directly affect the investment component of many underdeveloped sectors, as well as the volume of domestic production and consumer demand.


ALQALAM ◽  
2014 ◽  
Vol 31 (1) ◽  
pp. 187
Author(s):  
Budi Harsanto

The fall of Enron, Lehman Brothers and other major financial institution in the world make researchers conduct various studies about crisis. The research question in this study is, from Islamic economics and business standpoint, why the global financial crisis can happen repeatedly. The purpose is to contribute ideas regarding Islamic viewpoint linked with the global financial crisis. The methodology used is a theoretical-reflective to various article published in academic journals and other intellectual resources with relevant themes. There are lots of analyses on the causes of the crisis. For discussion purposes, the causes divide into two big parts namely ethics and systemic. Ethics contributed to the crisis by greed and moral hazard as a theme that almost always arises in the study of the global financial crisis. Systemic means that the crisis can only be overcome with a major restructuring of the system. Islamic perspective on these two aspect is diametrically different. At ethics side, there is exist direction to obtain blessing in economics and business activities. At systemic side, there is rule of halal and haram and a set of mechanism of economics system such as the concept of ownership that will early prevent the seeds of crisis. Keywords: Islamic economics and business, business ethics, financial crisis 


2014 ◽  
Vol 7 (2) ◽  
pp. 159-167
Author(s):  
Kevin Garlan

This paper analyses the nexus of the global financial crisis and the remittance markets of Mexico and India, along with introducing new and emerging payment technologies that will help facilitate the growth of remittances worldwide. Overall resiliency is found in most markets but some are impacted differently by economic hardship. With that we also explore the area of emerging payment methods and how they can help nations weather this economic strife. Mobile payments are highlighted as one of the priority areas for the future of transferring monetary funds, and we assess their ability to further facilitate global remittances.


2020 ◽  
Vol 119 (820) ◽  
pp. 310-316
Author(s):  
Alasdair Roberts

Since the 1990s and Bill Clinton’s embrace of key parts of Ronald Reagan’s legacy, mainstream US governance has been guided by a bipartisan consensus around a formula of shrinking the federal government’s responsibilities and deregulating the economy. Hailed as the ultimate solution to the age-old problem of governing well, the formula was exported to the developing world as the Washington Consensus. Yet growing political polarization weakened the consensus, and in a series of three major crises over the past two decades—9/11, the global financial crisis, and the COVID-19 pandemic—US policymakers opted for pragmatism rather than adherence to the old formula, which appears increasingly inadequate to cope with current governance challenges.


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