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Varieties of Capital Cities

The Competitiveness Challenge for Secondary Capitals

David Kaufmann

The political and symbolic centrality of capital cities has been challenged by increasing economic globalization. This is especially true of secondary capital cities; capital cities which, while being the seat of national political power, are not the primary economic city of their nation state. David Kaufmann examines the unique challenges that these cities face entering globalised, inter-urban competition while not possessing a competitive political economy.
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Mats Benner

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David Kaufmann

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The New Global Politics of Science

Knowledge, Markets and the State

Mats Benner

Science has become a central political concern with massive increases in public investments and expectations, but resources are embedded in a complex web of societal expectations, which vary between countries and regions. This book outlines an insightful understanding of science policy as both concerning the governance of science itself (priority-setting, funding, organization and articulation with polity, society, and economy) and its extra-organizational connections, in terms of higher education, innovation and national policy concerns.
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Jane D’Arista

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All Fall Down

Debt, Deregulation and Financial Crises

Jane D’Arista

All Fall Down traces the ways in which changes in financial structure and regulation eroded monetary control and led to historically high levels of debt relative to GDP in both developed and emerging economies. Rising stocks of debt drove the global financial system into crisis in 2008 when households, businesses, financial institutions and the public sector in some countries strained to generate sufficient income for debt service. The stagnation and fall in asset prices that followed began the process of unwinding that led to a run on the financial sector by the financial sector.
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Christina Kakderi and Anastasia Tasopoulou

The economic crisis of 2008_09 had an unprecedented impact on the Greek economy leading to profound transformation both at the political and economic level. This chapter explores the impact on the region of West Macedonia which, among the Greek regions, was one of the most severely affected by the recent crisis. The chapter demonstrated that the region lacked resilience owing to its inherited structural frailties and its over-dependence on a narrow set of industries and public sector employment and pay. Whilst the European Structural Funds provided some security in terms of funding as well as some much-needed adaptability in policy tools and instruments, the highly centralised nature of government and planning structures made for limited flexibility and responsiveness at the regional scale.

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Fred P. Gale

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Fred P. Gale

This theoretical and practical book builds on the knowledge that sustainability’s value pluralism cannot be reconciled with the value monism of classical, neoclassical, nationalist or socialist political economy. Developing the concept of sustainability value (SV), which requires integrating economic (exchange), social (labour), environmental (intrinsic) and cultural (use) values in all processes of extraction, manufacturing, trade, consumption and disposal, the book reformulates our understanding of key political economy topics such as trade, investment, preference formation, corporate governance and the role of the state. The book illustrates how SV is being realised via multi-stakeholder networks which, forming at the community, national and global levels, enable the required cross-value deliberation.
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Marianne Sensier

This chapter develops an approach for operationalising the concept of regional economic resilience in a cross-comparative analysis of the effects of the 2008_09 economic crisis on European regions. The approach focuses on measuring resilience in terms of post-shock outcomes and adapts available methods for dating regional business cycles to capture differences in both the timing of when the shock hit regions, and the amplitude and duration of the downturns experienced and subsequent recoveries. This analysis highlights that the economic crisis of 2008_09 was not a single event but rather a series of closely connected events that together amounted to a major economic shock. Different places were affected by these events at different times. The business cycle approach adopted for this work is a major innovation in approaches to measuring the resilience of economies to economic shocks, as it allows a more nuanced measurement of the particular response of each region.