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The Trans-national Strategy and Policy Interface
Colin Turner and Debra Johnson
Infrastructuring is core to understanding state territoriality. It is the provision of the physical structures that are central to understanding the control that states seek to assert over their territory. This infrastructuring strategy is contextualised in terms of a defined infrastructural mandate which identifies the multi-functional role that infrastructure plays in state territoriality. The infrastructural mandate stresses that states seek a National Infrastructure System to perform a number of functions, namely to offer territorial integration, security, control and growth.
A Comparative Perspective
Ana Rosa Ribeiro de Mendonça and Simone Deos
The authors emphasize an overlooked raison d’être for public banks. They argue that limiting public banks to filling the gaps left by private banks, the standard argument in economics, neglects a very important dimension of public banks, that is, their capacity to act countercyclically and thereby stabilize access to credit during economic downturns. Taking a cue from Hyman Minsky, they point to the immanent volatility of financial markets dominated by private actors. In order to counter destabilizing tendencies, the presence of institutions with the logic of action that differs from that of the market is necessary. As public banks are not primarily concerned with profitability, they can play this role. To a certain extent, their presence in the market is an automatic stabilizer because public banks provide credit with long maturation. In times of crisis, they can also be used for discretionary intervention, that is, opening up new credit lines.
In this chapter, the central lines of analysis developed in the book as a whole are introduced. The main engagement offered is with literatures on international organisations where the ‘constrained experimentalist’ model of operational change offers an extension to existing studies. In addition, findings over the difficulties of securing progressive outcomes through market-based mechanisms in regulatory states of the global South, and over mismatches between visions of the post-Washington Consensus and recent World Bank practice, are outlined.
Topics and Issues from European Research
Georg Krücken, Renate E. Meyer and Peter Walgenbach
In the introduction to the volume, Georg Krücken, Renate Meyer and Peter Walgenbach sketch the origins and the development of the European network of scholars interested in new institutionalism. Further, they provide an overview of the content of the volume at hand.
The Political Economy of Conflict and Cooperation
Jeffrey D. Wilson
What explains the emergence of international resource conflicts in the Asia-Pacific during the last decade? This chapter first introduces the empirical scope of this book – providing a broad overview of the global resource boom of the 2000s, the resource security challenges it has posed, and emerging patterns of inter-governmental conflict these have engendered. It then reviews existing theoretical approaches to international resource politics, outlining how these fail to move beyond the systemic level to probe the wider range of factors at both the international and domestic levels driving government’s policy behaviour. It argues that to adequately explain these dynamics, it is necessary to examine why resource interdependence has become a securitised policy domain, and the political-economic factors driving this shift.
The Rest Beyond the West
The Rest Beyond the West
Vladimir Popov and Jomo Kwame Sundaram
The chapter reviews catch-up or converging growth in parts of the Global South. By 1950, US per capita national income, adjusted for purchasing power, was nearly five times the world average. Since then, Western Europe and Japan have closed their per capita income gaps with the USA. East Asia, South Asia and some other developing countries have also started to close gaps with the West in recent decades. Thus, after two centuries of growing economic divergence, the world has witnessed an era of uneven convergence between parts of the South and the North. Alternative scenarios and some future implications are considered.