Europe's Tragic Political Economy

2015 ◽  
Vol 114 (770) ◽  
pp. 83-88
Author(s):  
Erik Jones

[T]he deeper problem is that European policy makers emphasize consensus over solidarity, pay more attention to principle than to interdependence, and weaken common institutions. …

2021 ◽  
Vol 13 (7) ◽  
pp. 3687
Author(s):  
Vincent Smith ◽  
Justus H. H. Wesseler ◽  
David Zilberman

This perspective discusses the impact of political economy on the regulation of modern biotechnology. Modern biotechnology has contributed to sustainable development, but its potential has been underexplored and underutilized. We highlight the importance of the impacts of regulations for investments in modern biotechnology and argue that improvements are possible via international harmonization of approval processes. This development is urgently needed for improving sustainable development. Policy makers in the European Union (EU) in particular are challenged to rethink their approach to regulating modern biotechnology as their decisions have far ranging consequences beyond the boundaries of the EU and they have the power to influence international policies.


2016 ◽  
Author(s):  
Ibrahim Kawuley Mikail

The book analyses the background of corrupt practices in the annals of Nigerian political history from pre-colonial, colonial and post-colonial era down to the fourth democratic dispensation. The book also establishes a nexus between corruption and political economy in the Nigerian political theatre. Indeed, corruption undermines the rules of law, equity, transparency democratization and national development which breed poverty, insecurity and general underdevelopment among the populace.Meanwhile, the political economy approach and the theories of corruption and their application on Nigerian political economy is highlighted.The role of policy-makers and stakeholders with their policies and programmes on combating corruption is also analysed. Furthermore, the giant efforts of international organizations, civil society organizations (CSOs) and non-governmental organizations (NGOs) on combating the menace of corruption are also pointed out. The book serves as a guide to researchers on the subject matter and the freedom fighters with their anti-corruption crusade or mandates so as to proffer solutions to corrupt practices and scandals in Nigeria and beyond.


2011 ◽  
Vol 16 (Special Edition) ◽  
pp. 31-70 ◽  
Author(s):  
Inayat Ullah Mangla

This paper looks at the major factors limiting economic growth in Pakistan. The paper then analyzes the structural problems faced by Pakistan today and goes on to discuss the challenges facing monetary policy makers in Pakistan as well as the problem of budget and trade deficits. The paper concludes with a discussion on the key institutional changes needed in Pakistan.


Author(s):  
Mark Thatcher ◽  
Tim Vlandas

Political economy debates have focused on the internationalization of private capital. But foreign states increasingly enter domestic markets as financial investors. How do policy makers in recipient countries react? Do they treat purchases as a threat and impose restrictions or see them as beneficial and welcome them? What are the wider implications for debates about state capacities to govern domestic economies in the face of internationalization of financial markets? In response, the book develops the concept of ‘internationalized statism’—governments welcoming and using foreign state investments to govern their domestic economies—and applies it to the most prominent overseas state investors: Sovereign Wealth Funds (SWFs). Many SWFs are from Asia and the Middle East and their number and size have greatly expanded, reaching $9 trillion by 2020. The book examines policies towards non-Western SWFs buying company shares in four countries: the US, the UK, France, and Germany. Although the US has imposed significant legal restrictions, the others have pursued internationalized statism in ways that are surprising given both popular and political economy classifications. The book argues that the policy patterns found are related to domestic politics, notably the preferences and capacities of the political executive and legislature, rather than solely economic needs or national security risks. The phenomenon of internationalized statism underlines that overseas state investment provides policy makers in recipient states with new allies and resources. The study of SWFs shows how and why internationalization and liberalization of financial markets offer national policy makers opportunities to govern their domestic economies.


2010 ◽  
Vol 10 (1) ◽  
Author(s):  
Sumeet Gulati

Abstract The literature of the “second-best” demonstrated the difference between exogenous price and quantity distortions. However, it is not always realistic to assume that distortions are beyond the policy makers’ control. Are price and quantity distortions different even if they are endogenized using a political economy setting? In this paper, I postulate a government that uses trade and pollution policy to maximize a weighted welfare function where domestic producers get a higher weight than consumers. International trade is regulated by either a tariff or a quota, and pollution is regulated using a pollution tax. I find that if the government has full control on both trade and pollution policy, endogenously created quantitative distortions (quantitative restrictions) have the same effect as price distortions (tariffs).


Author(s):  
Venus Bivar

The success of the productivity drive led to surplus problems by the end of the 1960s. French and European policy makers demanded even greater efficiencies, largely by way of farming less land and moving into high-value low-output niche production. The simultaneous rise of environmentalism justified the removal of land from production. By the 1970s, the SAFER was overseeing the creation of nature reserves and recreational areas, while new guidelines for remembrement required environmental planning. High-value low-output production was not only adopted by the mainstream. As part of the growing counter-cultural movement, urban youth moved to the countryside to farm. As niche markets grew, thanks to a growing demand from consumers for a greener world, the Ministry of Agriculture took notice. Along with the new Fédération nationale d'agriculture biologique (FNAB), the Ministry created official standards for organic production, institutionalizing a movement that had spent several decades at the margins.


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