Thwarted Comparative Advantage, Economic Policy and Industrialization in the Dominican Republic and Trinidad and Tobago

1989 ◽  
Vol 31 (1-2) ◽  
pp. 147-168
Author(s):  
Francisco E. Thoumi
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Economic Policy ◽  
Trinidad And Tobago ◽  
Government Policies ◽  
The Political ◽  
Large Fluctuations ◽  
External Sector ◽  
Relative Profitability

Economic growth and government policies in small Caribbean countries have been conditioned (1) by the very large fluctuations in their external sector which continuously change the relative profitability of the various productive sectors of their economies, greatly complicating the macroeconomics management of their economies; (2) by the attempts of their governments to cope with those fluctuations; and (3) by the political economy relations that prevail in those countries, and that determine the nature of government intervention and the role of the private sector.

Re-Thinking the Role of Institutions in Neoliberalism From New Institutional Economics Perspective

2020 ◽  
pp. 25-40
Author(s):  
Ilke Civelekoglu ◽  
Basak Ozoral
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Developing Countries ◽  
Property Rights ◽  
Institutional Economics ◽  
New Institutional Economics ◽  
The Political ◽  
Formal Institutions ◽  
Fertile Ground

In an attempt to discuss neoliberalism with a reference to new institutional economics, this chapter problematizes the role of formal institutions in the neoliberal age by focusing on a specific type of formal institution, namely property rights in developing countries. New institutional economics (NIE) argues that secure property rights are important as they guarantee investments and thus, promote economic growth. This chapter discusses why the protection of property rights is weak and ineffective in certain developing countries despite their endorsement of neoliberalism by shedding light on the link between the institutional structure of the state and neoliberalism in the developing world. With the political economy perspective, the chapter aims to build a bridge between NIE and political economy, and thereby providing fertile ground for the advancement of NIE.

Political Theory and Political Economy

2009 ◽  
Author(s):  
Stephen L. Elkin
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
Political Theory ◽  
Political Life ◽  
The Political ◽  
Distribution Of Wealth ◽  
Contemporary World ◽  
The Core ◽  
Democratic Societies

This article describes the connection between political theory and political economy. It argues that political theorists need to take account of political economy in theorizing about the contemporary world because capitalism is the most powerful force at work in shaping the modern sociopolitical world. It also explains that economic questions concerning economic growth, the distribution of wealth and income, and role of markets are at the core of the political life in democratic societies.

scholarly journals Francesco Ferrara, il primo degli economisti cafoscarini

2018 ◽  
Author(s):  
Riccardo Faucci
Keyword(s):  
Political Economy ◽  
Economic Policy ◽  
Economic Analysis ◽  
Free Market ◽  
Favorable Attitude ◽  
The Political ◽  
New School ◽  
Social Interventions ◽  
Political Implications

The paper presents the important personality of the great Italian economist Francesco Ferrara who has been the first Director of the new School of Commerce founded in Venice in 1868. The paper is divided in two parts: the first part presents the main features of Francesco Ferrara as an economist, showing how he was clearly a supporter of a free-market oriented vision of the economic analysis and of the economic policy, not liking at all a vision of the economic analysis separated from the political implications, but definitely favouring a political economy vision. He was a sharp opponent of socialism, although admiring the logical power of Marx’s thought, but not Marxian ideas. But he was also an opponent of intermediate visions leading to mediations in the field of economic policy. His rather radical positions led him to resign from the role of minister of Finance. In the second part the paper shows how Ferrara accepted the proposal of Luigi Luzzatti to be appointed as director of new School of Commerce of Ca’ Foscari in summer 1868; the paper shows how the relations between Ferrara and Luzzatti were characterized by polemical moments, both because of the lines followed by Ferrara in appointing the professors of the new school and because of the openness shown by Luzzatti, and not liked at all by Ferrara, towards policies showing a favorable attitude towards social interventions. Eventually the disagreements were solved. Finally, the paper shows how Ferrara succeeded in appointing at Ca’ Foscari some of the most important Italian economists of his time, such as Maffeo Pantaleoni.

Class and Conflict

2020 ◽  
Keyword(s):  
Economic Growth ◽  
Political Economy ◽  
The Political ◽  
Role Of The State ◽  
Economic Climate ◽  
Wide Range ◽  
Crony Capitalism ◽  
Political Economy Of Development ◽  
Agrarian Crisis

In 1984, Pranab Bardhan published his classic work The Political Economy of Development in India. It went on to become one of the most influential references on the political economy of development in the pre-reform period of independent India. Class and Conflict reflects on the enduring influence of Bardhan’s original publication in the context of post-liberalization developments in India. Drawing on their own world-leading research, the contributors to this volume engage with a wide range of issues, such as whether big business dominates India today, how subsidies retard economic growth, and how the middle classes are transforming politics. Together they try to answer the big question: what has really changed in the political and economic climate of the country over the last 30 years? Exploring the continuities and changes that have characterized India’s political economy since 1984, this volume takes stock of the main challenges of India’s economic development today. It contributes to current debates on economic growth, crony capitalism, agrarian crisis, the politics of class and caste, and the role of the state in a liberalizing economy.

scholarly journals The Political Economy of Training in Canada and England: Politics, pragmatism and public opinion in a post-industrial age

2015 ◽  
Vol 43 (3) ◽  
Author(s):  
Melissa White
Keyword(s):  
Political Economy ◽  
Economic Policy ◽  
Economic Development ◽  
Training Programs ◽  
The Political ◽  
Development Programs ◽  
Industrial Age ◽  
Post Industrial ◽  
And Training

This paper reports the findings of a research project that examined the role of training in two government-initiated, economic regeneration programs implemented in Canada and in England. The paper proposes that training programs, especially those found as part of economic development schemes, must be understood within the broader political economy into which economic development programs are introduced. An analysis of economic, policy, and training literature reveals that training often remains unconnected to either economic development or broader policy discussions.

scholarly journals Exploring the role of gender and women in the political economy of health in armed conflict: a narrative review

2021 ◽  
Vol 17 (1) ◽  
Author(s):  
Kristen Meagher ◽  
Bothaina Attal ◽  
Preeti Patel
Keyword(s):  
Political Economy ◽  
Health Systems ◽  
Armed Conflict ◽  
Narrative Review ◽  
Health Systems Strengthening ◽  
The Political ◽  
Systems Research ◽  
Political Economy Of Health ◽  
And Gender

Abstract Background The ripple effects of protracted armed conflicts include: significant gender-specific barriers to accessing essential services such as health, education, water and sanitation and broader macroeconomic challenges such as increased poverty rates, higher debt burdens, and deteriorating employment prospects. These factors influence the wider social and political determinants of health for women and a gendered analysis of the political economy of health in conflict may support strengthening health systems during conflict. This will in turn lead to equality and equity across not only health, but broader sectors and systems, that contribute to sustainable peace building. Methods The methodology employed is a multidisciplinary narrative review of the published and grey literature on women and gender in the political economy of health in conflict. Results The existing literature that contributes to the emerging area on the political economy of health in conflict has overlooked gender and specifically the role of women as a critical component. Gender analysis is incorporated into existing post-conflict health systems research, but this does not extend to countries actively affected by armed conflict and humanitarian crises. The analysis also tends to ignore the socially constructed patriarchal systems, power relations and gender norms that often lead to vastly different health system needs, experiences and health outcomes. Conclusions Detailed case studies on the gendered political economy of health in countries impacted by complex protracted conflict will support efforts to improve health equity and understanding of gender relations that support health systems strengthening.

Sounds without borders: Exploring the cross-national expansion of commercial European Radio Groups

2021 ◽  
pp. 026732312110121
Author(s):  
Montse Bonet ◽  
David Fernández-Quijada
Keyword(s):  
Political Economy ◽  
The Political ◽  
Cultural Industries ◽  
Cross Border ◽  
National Market ◽  
The Cross ◽  
National Champions ◽  
Cross National ◽  
Expansion Strategies

This article aims to study how private European radio is becoming commercially international through the expansion of radio brands beyond their national market. It is the first ever analysis of the expansion strategies of radio groups across Europe, including their footprint in each market in which they operate, from the political economy of cultural industries. The article maps the main radio groups in Europe, analyses cross-national champions in depth and establishes three main types. This study shows that, thanks to the possibilities of a deregulated market, strengthening the role of the brand and the format, and the agreements with other groups, broadcasting radio has overcome the obstacles that, historically, hindered its cross-border expansion.

The Saint with Indra's Sword: Khruubaa Srivichai and Buddhist Millenarianism in Northern Thailand

2014 ◽  
Vol 56 (3) ◽  
pp. 681-713 ◽  
Author(s):  
Katherine Bowie
Keyword(s):  
Political Economy ◽  
The State ◽  
Capital City ◽  
The Political ◽  
Northern Thailand ◽  
Present Evidence ◽  
Modern Context ◽  
A Charge ◽  
Social Causes

AbstractDespite a growing literature revealing the presence of millenarian movements in both Theravada and Mahayana Buddhist societies, scholars have been remarkably reluctant to consider the role of messianic beliefs in Buddhist societies. Khruubaa Srivichai (1878–1938) is the most famous monk of northern Thailand and is widely revered as atonbun, or saint. Althoughtonbunhas been depoliticized in the modern context, the term also refers to a savior who is an incarnation of the coming Maitreya Buddha. In 1920 Srivichai was sent under arrest to the capital city of Bangkok to face eight charges. This essay focuses on the charge that he claimed to possess the god Indra's sword. Although this charge has been widely ignored, it was in fact a charge of treason. In this essay, I argue that the treason charge should be understood within the context of Buddhist millenarianism. I note the saint/savior tropes in Srivichai's mytho-biography, describe the prevalence of millenarianism in the region, and detail the political economy of the decade of the 1910s prior to Srivichai's detention. I present evidence to show that the decade was characterized by famine, dislocation, disease, and other disasters of both natural and social causes. Such hardships would have been consistent with apocalyptic omens in the Buddhist repertoire portending the advent of Maitreya. Understanding Srivichai in this millenarian context helps to explain both the hopes of the populace and the fears of the state during that tumultuous decade.

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