scholarly journals Varieties of state capital: What does foreign state-led investment do in a globalized world?

2021 ◽  
Author(s):  
Milan Babic ◽  
Adam Dixon ◽  
Jan Fichtner

Existing studies have scrutinized the rise of states as global owners and investors, yet we still lack a good understanding of what state-led investment does in a globalized economy, especially in its host states. Comparative capitalisms research has analyzed foreign state investment as a potential source of patient capital for coordinated and mixed market economies. However, this patient capital framework cannot explain the recent surge of protectionist sentiments, even among the ‘good hosts’ of state-led investment. Therefore, we extend the patient capital argument and develop a broader framework centered on the globalized nature of foreign state investment. We create and empirically illustrate a novel typology based on different modes of cross-border state investment – from financial to strategic – and different categories of host states. Our results provide a new pathway to study the rise and effects of cross-border state investment in the twenty-first century.

Author(s):  
Berthold Schoene

This chapter looks at how the contemporary British and Irish novel is becoming part of a new globalized world literature, which imagines the world as it manifests itself both within (‘glocally’) and outside nationalist demarcations. At its weakest, often against its own best intentions, this new cosmopolitan writing cannot but simply reinscribe the old imperial power relations. Or, it provides an essential component of the West’s ideological superstructure for globalization’s neoliberal business of rampant upward wealth accumulation. At its best, however, this newly emergent genre promotes a cosmopolitan ethics of justice, resistance. It also promotes dissent while working hard to expose and deconstruct the extant hegemonies and engaging in a radical imaginative recasting of global relations.


Author(s):  
Ronen Palan

The chapter addresses the nature of the power relationships between the business world and the state as seen from the perspective of a relatively new field of study called international political economy. Theories of corporate power in a globalized economy evolved along two parallel lines. On the one hand, the globalization literature of the 1990s has tended to assume there was a marked shift of power from states to markets. Recent literature questions these assumptions, not least in light of the experience of the great recession of 2007–2008. In parallel, conceptualization of power has evolved from relatively simplistic theories of relational power to theories of structural power and, increasingly, arbitrage power. Arbitrage power is the ability to arbitrate legal systems against each other, or against themselves, for pecuniary purposes.


Author(s):  
Basarab Nicolescu

A viable education can only be an integral education of the human being. Transdisciplinary education is founded on the inexhaustible richness of the scientific spirit which is based on questioning and of the refusal of all a priori answers and all certitude contradictory to the facts. At the same time, it revalues the role of the deeply rooted intuition, of the imaginary, of sensitivity, and of the body in the transmission of knowledge. It is only in this way that the society of the twenty-first century can reconcile effectivity and respect for the potentiality of every human being. The transdisciplinary approach will be an indispensable complement to the disciplinary approach because it will mean the emergence of continually connected beings, who are able to adapt themselves to the changing exigencies of professional life, and who are endowed with permanent flexibility which is always oriented towards the actualization of their interior potentialities. If the University intends to be a valid actor in sustainable development it has first to recognize the emergence of a new type of knowledge: transdisciplinary knowledge. The new production of knowledge implies a necessary multidimensional opening of the process of learning: towards civil society; towards cyber-space-time; towards the aim of universality; towards a redefinition of the values governing its own existence.


Author(s):  
Altwicker Tilmann

This chapter explains how ‘security’ is in a process of ‘transnationalization’, namely it is becoming a cross-border issue. Thus, in the twenty-first century, the primary examples of sources of ‘insecurity’—such as transnational terrorism, transnational crime, mass migration, cross-border environmental hazards, and problems of energy security—are no longer perceived as ‘domestic affairs’. The ensuing processes of transnationalization are naturally also processes of transnationalization of and by international law. The chapter then analyses three major framings used for the transnationalization of security, namely, ‘war’, ‘crime’, and ‘risk’ and their conceptualization in international law. It discusses the two major challenges faced in the transnationalization of security by international law: the problem of jurisdictional dysfunctionalities under international law and the problem of applying international human rights law to transnational security cases. Finally, the chapter evaluates the contribution of international law to the process of the transnationalization of security.


Author(s):  
Jacob Goodson

The German philosopher and social theorist Jürgen Habermas has shifted his position of defending secularism to now defending postsecularism This chapter describes Habermas’s usage of the terms “secularity,” “secularism,” and “postsecularism” and explains how Habermas’s usage of these three terms is best understood in relation to his philosophical theory of communicative rationality. The shift from secularism to postsecularism is based on the fact that the latter allows for better communication between religious believers and nonreligious citizens in the globalized world of the twenty-first century. Habermas argues that the secular academy has responsibilities toward the positive aspects of religious faith as well as the negative aspects found in religious fundamentalism and religious-based violence.


2006 ◽  
Vol 23 (4) ◽  
pp. 104-111
Author(s):  
David Johnston

Books Reviewed: Jack Goody, Islam in Europe. Cambridge: Polity Press,2004; Richard W. Bulliet, The Case for Islamo-Christian Civilization. NewYork: Columbia University Press, 2004; James A. Bill and John Alden Williams,Roman Catholics and Shi’i Muslims: Prayer, Passion, and Politics.Chapel Hill and London: University of North Carolina Press, 2002.There can be no doubt that the twenty-first century has begun – and continues– under the ominous cloud of enmity between Muslim groups or nationsand western ones, from the attacks on American soil on 11 September 2001to those in Madrid and London, to the invasions of Afghanistan and Iraq, andnow in the growing tension with Iran. Unsurprisingly, this has spurred amushrooming of publications on the troubled relations between “Islam andthe West,” with almost every book pointing out the bold Christian rhetoricemanating from a militarily aggressive White House.Kenneth Cragg, the veteran Christian expositor of the Qur’an, more prolificthan ever in his nineties (seven titles since 2002), astutely named one ofhis latest books The Qur’an and the West (Georgetown University Press:2006). Not only is “Islam” misleading in terms of the wide diversity of cultures,sects, and spiritualities inspired by the Qur’an and the Hadith literature,but for Cragg, Muslims in today’s globalized world, whether living as“exiles” in the West or within Muslim-majority states, will have to choosebetween the vulnerable faith proclaimed in the early years in Makkah andthe religion cum political rule exemplified by the Prophet in Madinah. Asusual, Cragg also challenges the Christian side, which, in its American incarnation,largely rationalizes the use of power to extend its hegemony fromIsrael-Palestine to Central Asia in the name of democracy.Though all three books under review here share Cragg’s motivation toreduce tension and foster greater understanding between Muslims andChristians, only the third (on Shi`ites and Catholics) represents the kind oftheological dialogue that Cragg and others have nourished over the years ...


2020 ◽  
Vol 2 (1) ◽  
pp. 42
Author(s):  
Hamd Ejaz ◽  

The subject of identity and it’s bearing on politics; largely in the form of political behavior has been either neglected wholly or delegated in part to other social sciences’. Identity, as confirmed by psychology, sociology and anthropology is at the heart of politics in the twenty-first century. The issue of identity warrants a renewed research since today in the globalized world, identity has become fragmented. Gone are the days when identity was almost always equated to national identity; the scope of identity has become much more individualistic and therefore complex. Identity means different things to different individuals, some may choose to identify themselves on the basis of religion while others may seek to highlight their ethnic origins over their national identity. This variance in self-identification goes on to show that the outdated and over-simplistic explanations of identity and how it dictates politics need to be over-hauled and replaced. The article establishes the primacy of identity in demarcating social and political behavior and then discusses the various types of identities in today’s globalized world. This article contributes in the debate between identity and politics by integrating theoretical perspectives from political psychology: a sub-discipline of political science, and how these theoretical perspectives trump the existing body of work on the subject. In the end, the article will conclude by identifying limitations in its approach towards the subject.


2021 ◽  
Vol 2 (2) ◽  
pp. 3-30
Author(s):  
Evans Tetteh

In the current interdependent globalized world, inter-polity engagements are anticipated to unleash and empower economic development. To a larger extent, this, however, could be said not to be the case as evidenced in the African context where relations with the developed world have triggered dependence on foreign aid as a conduit to pursue and gratify vital development needs. Contemporaneously, China’s intensive forays and engagement in Africa since the turn of the twenty-first century has been one characterized by irresistible development assistance to the latter. This situation has ensuingly excited agitations, cardinal among which borders on the claim about the potential deadweight and stymying effect of foreign aid on Africa’s growth and development – thereby adding more odium to the discourse on the call for an ‘Africa beyond aid’ – currently a bourgeoning research sphere. To this end, the objective of this article is to explore how the Chinese aid engagement could relate to the Ghanaian leadership’s clarion call for Africa’s development beyond aid. Consequently, the study employed qualitative data and analysis to interrogate the Chinese aid policies towards Africa, as well as projects implemented across the continent. The findings show that gauging from the policy perspective, much as Chinese aid tends to be well suited to the ‘Africa beyond aid agenda’, it nonetheless exhibits some disquieting implementation features that could impede in the long term, Africa’s development beyond aid. This unappealing situation makes it imperatively urgent for Africa to understand, and strategically align with China’s aid - with recourse to the vision of Africa beyond aid.


Author(s):  
Carol J. Dempsey

Liberation theology is now more than fifty years old, and the book of Isaiah has played a prominent role in shaping it and continues to influence it today as theologians and Bible scholars strive to articulate a vision of justice for all creation. This essay explores the use of the Isaian text in the work of liberation theologians. Next, the essay highlights how the book becomes foundational to the work of liberationist Bible scholars read Isaiah in the context of today’s globalized world. The essay then moves from an anthropocentric focus to a cosmological one to discuss how some liberation theologians now recognize the interrelatedness of human and nonhuman suffering and the interlocking oppressions that all communities of life are experiencing. A conclusion offers a ringing call to read Isaiah from feminist and womanist perspectives to expose the systemic and structural injustices and forms of oppression that exist in today’s twenty-first-century world. Despite being more than fifty years old, liberation theology, its use of Isaiah, and its work of liberation has only just begun.


2020 ◽  
Vol 12 (5) ◽  
pp. 847-865
Author(s):  
Nikolai Bobylev ◽  
Sebastien Gadal ◽  
Viktar Kireyeu ◽  
Alexander Sergunin

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