The European Community’s rise to economic might: from regional free-trade arrangement to global economic power?

2014 ◽  
pp. 48-70
Keyword(s):  
Free Trade ◽  
Economic Power

Why the Normative and Positive Roles of Governments Differ

2020 ◽  
pp. 64-82
Author(s):  
Vito Tanzi
Keyword(s):  
Economic Theory ◽  
Free Trade ◽  
Political Power ◽  
Economic Power ◽  
Industrial Workers ◽  
Special Groups ◽  
Good For ◽  
The Rich ◽  
Growth Economic

Policies can aim at results that are good for the whole population or policies can be directed at special groups. General policies may help overall but hurt some subsectors, for example free trade that is now under attack because it has hurt some sectors even though it has promoted a higher growth. Economic theory has increasingly moved from policies that help overall to policies that help or hurt particular groups (the elite, the rich, industrial workers). Policies are frequently promoted by the groups that have the greatest political power, often accompaniedby economic power. Policies have become progressively more complex and less easy to understand for average citizens. Smaller groups, especially those with greater economic power find it easier to organize and to push their agenda and policy responds to such pressure. Various kinds of what could be called “termites” have entered the policymaking process. They include the length and the complexity of many laws, making them less transparent to normal citizens and easier to manipulate.

scholarly journals Neoliberalism as Corporate Power

2020 ◽  
Vol 24 (3-4) ◽  
pp. 315-337
Author(s):  
Terry Hathaway
Keyword(s):  
Free Trade ◽  
Free Market ◽  
Power Structure ◽  
The Political ◽  
Economic Power ◽  
Political Arena ◽  
Policy Area ◽  
Free Markets ◽  
Corporate Power ◽  
The Social

Accounts of neoliberalism have noted, but not fully explored, the neoliberal empowerment of corporations. The corporate power literature, similarly, rarely makes the connection between corporate agents and neoliberalism as a power structure. This article fills the gap between these literatures with a dual contribution. It develops these contributions by first reviewing the neoliberalism literature and in so doing, developing the idea of neoliberalism as a bricolage of practice and ideas. It then discusses the mischaracterization of the corporation within neoliberalism before deconstructing four core policy areas of neoliberalism – deregulation, non-intervention, free markets and free trade. In each policy area it is shown how the practice of these policies has enhanced the social and economic power of major corporations – thereby deepening practice-based accounts of neoliberalism – and how the discourse of these policies has empowered corporations in the political arena – thereby deepening the corporate power literature’s account of how corporations operate powerfully. More generally this article offers a much fuller account of how 40 years of ‘free market’ policies have resulted in the creation of oligopolistic corporate economies.

scholarly journals Free trade or people?

2001 ◽  
Vol 1 ◽  
pp. 11-12
Author(s):  
Mojca Nemgar
Keyword(s):  
Latin America ◽  
Free Trade ◽  
World Economy ◽  
Free Trade Area ◽  
Economic Power ◽  
Absolute Poverty ◽  
The Public ◽  
Trade Area ◽  
The World ◽  
American Economy

The growth of the GDP seems much more important than overall development of the country. The gap between rich and poor is increasing drastically. Everything that challenges profit e.g. worker's rights, pollution, descreasing absolute poverty is set aside and considered irrelevant. Only few are to decide what the world itself and world economy should be like. G-8, IMF, WB, WTO are deciding about the future of the world in a name of few, as they are deciding about the important matters of humanity away from the eyes of the public. Even the agreement of FTAA (Free Trade Area of Americas) was adopted away from the eyes of the public. Namely FTAA is compromising 34 states of Latin America and North America, although it seems that is only an extension of the NAFTA who has proved to be harmful both for the Mexico, which obviously does not have enough economic power to cope (financial crisis 1995) with thriving American economy, as for Canada, a member of G-8.

Free trade at last?

IEE Review ◽  
1999 ◽  
Vol 45 (1) ◽  
pp. 36-36
Keyword(s):  
Free Trade

Educating Ms. Fatima

1970 ◽  
pp. 56-63
Author(s):  
Tim Walters ◽  
Susan Swan ◽  
Ron Wolfe ◽  
John Whiteoak ◽  
Jack Barwind
Keyword(s):  
Federal Government ◽  
Free Trade ◽  
United Arab Emirates ◽  
Arabian Peninsula ◽  
High Technology ◽  
Emerging Technology ◽  
Abu Dhabi ◽  
Free Trade Zones ◽  
Knowledge Based ◽  
K 12

The United Arab Emirates is a smallish Arabic/Islamic country about the size of Maine located at the tip of the Arabian Peninsula. Though currently oil dependent, the country is moving rapidly from a petrocarbon to a people-based economy. As that economy modernizes and diversifies, the country’s underlying social ecology is being buffeted. The most significant of the winds of change that are blowing include a compulsory, free K-12 education system; an economy shifting from extractive to knowledge-based resources; and movement from the almost mythic Bedouin-inspired lifestyle to that of a sedentary highly urbanized society. Led by resource-rich Abu Dhabi and Dubai, the federal government has invested heavily in tourism, aviation, re-export commerce, free trade zones, and telecommunications. The Emirate of Dubai, in particular, also has invested billions of dirhams in high technology. The great dream is that educated and trained Emiratis will replace the thousands of foreign professionals now running the newly emerging technology and knowledge-driven economy.

Directions and Perspectives of Political-Economic Studies

2008 ◽  
pp. 27-45
Author(s):  
A. Libman
Keyword(s):  
International Political Economy ◽  
Economic Research ◽  
Economic Power ◽  
Economic Approach ◽  
Policy Studies ◽  
Political Processes ◽  
Economic Methods ◽  
Political Economic ◽  
Economic Studies

The paper surveys the main directions of political-economic research, i.e. variants of economic and political approaches endogenizing political processes in economic models and applying economic methods to policy studies. It analyses different versions of political-economic research in different segments of scientific community: political economics, evolutionary theory of economic policy, international political economy, formal political science and theory of economic power; main methodological assumptions, content and results of positive studies are described. The author also considers the role of political-economic approach in the normative research in economics.

The Political Economy of Power: Approaches to the Analysis of Relationships between the State and Business in Russia

2011 ◽  
pp. 19-33
Author(s):  
A. Oleinik
Keyword(s):  
Oil And Gas ◽  
Road Construction ◽  
Oil And Gas Industry ◽  
Retail Trade ◽  
Business Community ◽  
The Political ◽  
Economic Power ◽  
Gas Industry ◽  
The Road ◽  
Ruling Elites

The article deals with the issues of political and economic power as well as their constellation on the market. The theory of public choice and the theory of public contract are confronted with an approach centered on the power triad. If structured in the power triad, interactions among states representatives, businesses with structural advantages and businesses without structural advantages allow capturing administrative rents. The political power of the ruling elites coexists with economic power of certain members of the business community. The situation in the oil and gas industry, the retail trade and the road construction and operation industry in Russia illustrates key moments in the proposed analysis.

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