scholarly journals The Political Economy of Crisis Recovery

2020 ◽  
Author(s):  
Mohammad Ferdosi
Keyword(s):  
Political Economy ◽  
Economic Performance ◽  
Global Financial Crisis ◽  
Production Systems ◽  
Stress Test ◽  
Welfare States ◽  
Economic Effects ◽  
The Political ◽  
Crisis Recovery ◽  
The Global Financial Crisis

The aftermath of the global financial crisis marked another stress test for welfare states and varieties of capitalism. More than ever before, governments were forced to consider substantial reforms to welfare provision and enact flexibility-enhancing measures in order to improve financial solvency and economic performance. The crash, however, was not only a regionally uneven process in its origins but also led to makeshift or uneven policy responses. As a result, the socio-economic effects of the downturn and political reactions to it varied considerably among countries. Nevertheless, there have been some common trends in outcome measures. These have served to blur the dividing lines between different welfare states and production systems, so vividly captured in the mainstream political economy literature.

scholarly journals Luck, Policy or Something Else Entirely? Vietnam's Economic Performance in 2009 and Prospects for 2010

2009 ◽  
Vol 28 (4) ◽  
pp. 71-94 ◽  
Author(s):  
Adam J. Fforde
Keyword(s):  
Economic Performance ◽  
Global Financial Crisis ◽  
Policy Implications ◽  
The Political ◽  
Middle Income ◽  
State Sector ◽  
Political Concern ◽  
Income Status ◽  
And Performance ◽  
The Global Financial Crisis

Vietnam's economic performance in 2009 is seen by the Vietnamese government and representatives of the Western donor communities as good, with the effects of the global financial crisis relatively mild. The paper notes a lack of contestation of these mainstream views and locates them within an assessment of major trends in 2009, and medium-term issues. Particular focus is placed upon the policy implications of rural development and the need for a strong rationalisation of the state sector. Remarks upon the political economy of change then permit comments upon interactions between economic performance and gathering social and political concern with the political challenges of transition to so-called ‘middle income’ status, which in many countries has posed novel and tricky problems of adjustment, often requiring major social and political adjustments that have not always been successful. The paper concludes by suggesting that, as in the past, Vietnam's style of change finds some things easy and others hard, and that this has its reflection in economic policy and performance.

scholarly journals Capitalism and Socialism: A Review of Kornai's Dynamism, Rivalry, and the Surplus Economy

2017 ◽  
Vol 55 (1) ◽  
pp. 191-208 ◽  
Author(s):  
Chenggang Xu
Keyword(s):  
Political Economy ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Mirror Image ◽  
Eastern Bloc ◽  
The Political ◽  
Central Theme ◽  
Dynamic Nature ◽  
New Frontier ◽  
The Global Financial Crisis

Understanding the nature of capitalism has been a central theme of economics. The collapse of the Eastern Bloc and the global financial crisis spurred the reemergence of the political economy as a new frontier and the revival of interest in the nature of capitalism. János Kornai's book Dynamism, Rivalry, and the Surplus Economy: Two Essays on the Nature of Capitalism fills an important intellectual gap in understanding the dynamic nature of capitalism by comparing it with its mirror image, socialism. To further develop the themes contained in the book, serious challenges are posed theoretically and empirically, as well as in subjects, such as hybrid capitalism. (JEL L32, P12, P14, P16, P26, P31)

The Lingering Puzzles of the Global Credit Crunch, or an Essay on the Liquidity Illusion

2010 ◽  
pp. 33-58 ◽  
Author(s):  
A. Nesvetailova
Keyword(s):  
Political Economy ◽  
Financial Markets ◽  
Global Financial Crisis ◽  
Warning Signs ◽  
The Political ◽  
Credit Crunch ◽  
Credit Crisis ◽  
Coming Crisis ◽  
The Global Financial Crisis ◽  
Credit Boom

As lessons from the global financial crisis of 2007-2009 are being drawn, some rather uncomfortable questions about the political economy of the global credit crunch continue to linger. The most worrying of these include the presence of fraud and illicit practices at many levels of the financial practice during the credit boom, and the fact that a series of whistleblowers and warning signs of the coming crisis had been ignored on a systematic basis. Analyzing the evidence, the paper suggests that it is a pervasive illusion of wealth-creating capacity of the financial markets that explains the key causes of the credit crisis. This phenomenon can be understood as illusion of liquidity. Developing a theoretical framework for understanding this phenomenon, the author argues that it was the illusion of liquidity that helped conceal not only the true magnitude of risks in the system, but most controversially, the mounting signs of the coming meltdown.

scholarly journals Russia and the CIS in 2008: Axis of Authoritarianism??

Asian Survey ◽  
2009 ◽  
Vol 49 (1) ◽  
pp. 135-145 ◽  
Author(s):  
Charles E. Ziegler
Keyword(s):  
Financial Crisis ◽  
Economic Performance ◽  
Domestic Politics ◽  
Global Financial Crisis ◽  
Great Power ◽  
The Caucasus ◽  
Central Asian ◽  
Presidential Succession ◽  
The Global Financial Crisis ◽  
The Impact

Russia's seamless presidential succession produced no major changes in domestic politics or foreign policy. Ties with Asia remained strong, though several key relationships——with China, Japan, and the Central Asian states——frayed under the impact of Russia's military action in Georgia. Impressive economic performance in the first half of the year boosted Russian confidence as a great power, but its vulnerability to the global financial crisis together with the heavy-handed operation in the Caucasus undermined Moscow's standing with both Asia and Europe by the end of the year.

A Discussion of Aida H. Hozic and Jacqui True’s Scandalous Economics: Gender and the Politics of Financial Crises

2017 ◽  
Vol 15 (2) ◽  
pp. 503-504
Author(s):  
Dara Z. Strolovitch
Keyword(s):  
Political Economy ◽  
Financial Crisis ◽  
Financial Institutions ◽  
Financial Crises ◽  
Global Financial Crisis ◽  
Economic Order ◽  
Macroeconomic Models ◽  
Gender And Race ◽  
Back Cover ◽  
The Global Financial Crisis

“Critical analyses of the global financial crisis of 2008 (GFC) have neglected the ways in which structural inequalities around gender and race factor into (and indeed make possible) the current economic order. Scandalous Economics breaks new ground by arguing that an explicitly gendered approach to the GFC and its ongoing effects can help us to understand both the root causes of the crisis and the failure to significantly reform financial institutions and macroeconomic models.” These words, from the blurb on the back cover of Scandalous Economics, nicely summarize the book’s topic and the general approach to it. Because the book contains contributions from a number of the top political scientists writing about the gendering of political economy, and because this topic is such an important one, we have invited a range of political scientists to comment on the book and on the broader theme of the gendering of political economy.

A Discussion of Aida H. Hozic and Jacqui True’s Scandalous Economics: Gender and the Politics of Financial Crises

2017 ◽  
Vol 15 (2) ◽  
pp. 511-512
Author(s):  
Daniel W. Drezner
Keyword(s):  
Political Economy ◽  
Financial Crisis ◽  
Financial Institutions ◽  
Financial Crises ◽  
Global Financial Crisis ◽  
Economic Order ◽  
Macroeconomic Models ◽  
Gender And Race ◽  
Back Cover ◽  
The Global Financial Crisis

“Critical analyses of the global financial crisis of 2008 (GFC) have neglected the ways in which structural inequalities around gender and race factor into (and indeed make possible) the current economic order. Scandalous Economics breaks new ground by arguing that an explicitly gendered approach to the GFC and its ongoing effects can help us to understand both the root causes of the crisis and the failure to significantly reform financial institutions and macroeconomic models.” These words, from the blurb on the back cover of Scandalous Economics, nicely summarize the book’s topic and the general approach to it. Because the book contains contributions from a number of the top political scientists writing about the gendering of political economy, and because this topic is such an important one, we have invited a range of political scientists to comment on the book and on the broader theme of the gendering of political economy.

Crisis, What Crisis?

2020 ◽  
pp. 1-16
Author(s):  
Geoffrey Meen ◽  
Christine Whitehead
Keyword(s):  
Housing Policy ◽  
Global Financial Crisis ◽  
The Political ◽  
Fiscal Policies ◽  
Policy Debates ◽  
Key Policy ◽  
The Global Financial Crisis ◽  
The Uk ◽  
Analytical Approaches ◽  
Housing Outcomes

The opening chapter provides an overview of the topics covered in the book, set in the context of the key policy debates that have taken place in recent years, not just in the UK but across countries facing similar issues. The chapter introduces the analytical approaches to be used. The methods are primarily those of economists – including modern as well as traditional techniques - but recognise the insights of other disciplines and the political constraints under which housing operates. The chapter stresses that housing cannot be divorced from the macroeconomy and monetary and fiscal policies are often more important to housing outcomes than policies directly aimed at housing. But housing also influences the economy which, particularly since the Global Financial Crisis, has added further constraints on housing policy.

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