scholarly journals Agency, power, and state–firm relations in global financial networks

2018 ◽  
Vol 8 (3) ◽  
pp. 285-288 ◽  
Author(s):  
Karen PY Lai

In response to Töpfer’s incisive critique of how current work on global production networks and global financial networks (GFNs) have been too firm-centric and reliant on neoliberal market framings, this commentary highlights three key points for developing a deeper conceptualization of the state in financial processes and networks. The first addresses the role of the state and inter-firm relations, the second deals with conceptualizations of power and agency, and the third is a call to go boldly beyond authoritarian capitalist regimes in moving toward a state-led conceptualization of GFNs.

2020 ◽  
pp. 030913252091199
Author(s):  
Marion Werner

As corporate power strains the liberal hegemony that has stabilized the globalization project, it is no wonder that scholars of global production are increasingly turning their attention to the role of the state. While the long-held assumption that the state primarily acted to facilitate capital’s priorities remains accurate, it is nonetheless incomplete. I discuss studies that focus on other state roles (regulator, buyer and producer) and pay particular attention to the ways that restrictive trade regulations and state-owned enterprises shape production arrangements. Turning from state roles (i.e. what states do), I go on to examine critical scholarship that focuses on why states act in the ways that they do and how social forces and class dynamics shape these institutional arrangements. Recent studies of labor regimes, the political economy of smallholder value chains, and the dialectic of geoeconomic/geopolitical logics offer useful insights into the role states play to stabilize (or not) global production arrangements. Overall, examining the state-production network nexus can shed light on the possibilities to work with, through or against the state in order to transform the relations of power materialized in and through global production networks.


2012 ◽  
Vol 3 (2) ◽  
Author(s):  
Marilyn Taylor

AbstractSince it was first agreed in the autumn of 1998, the English Compact has achieved international status, as a marker of – or vehicle for - a new and improved relationship between the state and the third sector. Over the twelve years or so since its first publication, it has been supplemented by local compacts across the country and has been ‘refreshed’ or renewed twice. As such it has proved remarkably durable across time and space. But the political context in which it operates has now changed. A government committed to partnership has been replaced by one with a strong ideological commitment to limiting the powers and role of the state. How will this affect its future role?


Author(s):  
Yukon Huang

This chapter brings together the factors that have shaped perceptions about China’s economic rise. It begins by discussing the diverging views of China’s economic prospects. This has implications for the debate about the role of the state and prospects for political liberalization framed against President Xi’s corruption campaign and more aggressive foreign policies. Observers see China through their own self-prescribed lens. Factors shaping such perceptions fall under three themes. The first relates to geopolitical tensions and mistrust; the second to location and choice of comparators, complicated by China’s size, speed of change and complexity; and the third is China’s differing institutions and relevance of traditional analytical frameworks. In addition, lack of transparency complicates judgments. Understanding the nature of these differences is the initial step in forging more constructive relations between China as an abnormal great power and the rest of the world.


2018 ◽  
Vol 8 (3) ◽  
pp. 251-271 ◽  
Author(s):  
Laura-Marie Töpfer

This article critically reviews theories of global economic networks and refines their application to China’s state-controlled financial sector. Current approaches view global production networks and global financial networks (GFNs) through an agency focus on inter-firm relations and a structural emphasis on neoliberal forces. This market-driven perspective exposes several shortcomings when it comes to understanding the governance of GFNs in China. In the Chinese context, these networks are characterized by complex bargaining that bridges different levels of the Chinese party-state and corporate interests. This article exploits the theoretical synergies between economic geography and theories of Chinese elite politics and institutional change to develop a politically sensitive reading of GFNs. It identifies channels through which multilevel bargaining in the Chinese party-state shapes the competitive positions of firms. By integrating recent findings on Chinese cross-border finance, the article develops an empirically grounded theoretical approach of GFNs ‘with Chinese characteristics’. This opens up a promising research agenda in the GFN literature on the role of the state as an architect and entrepreneur behind GFNs and the outcomes they produce.


Author(s):  
كريم سيد كنبار

Novel Corona virus crisis and the political & security & economic repercussions have retrieved the discussion and the debate about the relations of globalization and the position of the national state within it. Although the relations of globalization that prevailed in the pre-epidemic stage have greatly reduced the interventionist role of the state in favor of broader groupings or blocs of the state, the nature of the crisis facing the world today necessitated the adoption of treatments led by the national state through imposing isolation measures, and Social distancing and providing the available resources to deal with the economic effects and realigning the priorities so that the internal issues occupy the first rank in the scale of concerns. This research seeks to explain the nature of the role played by the national state in light of the Corona crisis, which was associated with a noticeable decline in the mechanisms and relationships of globalization by adopting the narratives of the descriptive and analytical approach in dealing with the phenomenon of the topic of research, which was divided into three paragraphs, the first examines globalization and difficult testing, and the second deals with the state Patriotism is the tax of staying or forced attachment. As for the third, it deals with globalization and the Corona crisis through analyzing the repercussions that resulted from this pandemic and represented by the political, security and economic repercussions.


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