-
Significance of economic openness for the origins of social insurance policies in the initial stage: a comparative study New. Polit. Econ. (IF 3.625) Pub Date : 2024-03-15 Tomoari Matsunaga
This article proposes an original perspective on the origins and formation of the modern welfare state, arguing that the openness of national economies had a critical influence upon the kind of soc...
-
Private equity firms and industrial policy: elaborating the state-finance nexus in state-led markets New. Polit. Econ. (IF 3.625) Pub Date : 2024-02-22 Imogen T. Liu
Under what conditions can the state discipline private equity firms into delivering the investment required to meet the coming needs of industrial transformation? States have sought to crowd in pri...
-
Narrating transitions to low carbon futures: the role of long-term strategies (LTS) in fossil fuel producing emerging economies New. Polit. Econ. (IF 3.625) Pub Date : 2024-02-21 Carl Death
This article examines how national ‘long-term strategies’ (LTS) narrate energy transitions to low carbon futures. It focuses on the case studies of South Africa and Nigeria as two early LTS submiss...
-
The political economy of economic upgrading in Central Eastern Europe New. Polit. Econ. (IF 3.625) Pub Date : 2024-02-21 Marius Kalanta
The paper explores the political conditions favourable to economic upgrading in democratic non-corporatist emerging economies with a focus on CEE countries as characteristic examples. While the exi...
-
A social reproduction analysis of digital care platform work New. Polit. Econ. (IF 3.625) Pub Date : 2024-02-13 Paula Rodríguez-Modroño, Astrid Agenjo-Calderón, Purificación López-Igual
Digital platforms are becoming an important factor in the process of reconfiguration and commodification of social reproduction during the neoliberal phase of capitalism. Developing a theoretical f...
-
How can public policies facilitate local cooperation? insights from the EU’s wine policy New. Polit. Econ. (IF 3.625) Pub Date : 2024-01-25 Kira Gartzou-Katsouyanni
Decentralised cooperation is key for achieving a range of policy goals, but we still know relatively little about how to create it in low-trust, institutionally weak settings. This article develops...
-
State autonomy, economic reform & business elite influence in the GCC New. Polit. Econ. (IF 3.625) Pub Date : 2024-01-25 Dania Thafer
This study challenges traditional rentier state theory and contributes to a new generation of scholarship focused on state-business relations by evaluating the relationship between different degree...
-
The state and the legalisation of illicit financial flows: trading gold in Bolivia New. Polit. Econ. (IF 3.625) Pub Date : 2024-01-22 Fritz Brugger, Joschka J. Proksik, Felicitas Fischer
Most research on illicit financial flows (IFFs) has focused on illicit outflows from low-income countries and the role of non-state actors in generating IFFs. Less attention has been paid to proces...
-
COVID and structural cartelisation: market-state-society ties and the political economy of Pharma New. Polit. Econ. (IF 3.625) Pub Date : 2024-01-19 Matthew Sparke, Owain Williams
The big profits and influence of pharmaceutical firms that again rose to prominence during the COVID pandemic illustrate far more than just the global reach and market power of Big Pharma. Here we ...
-
Economic recessions and decarbonisation: analysing green stimulus spending in Canada and the US New. Polit. Econ. (IF 3.625) Pub Date : 2023-12-18 Vegard Tørstad, Jonas Nahm, Jon Hovi, Tora Skodvin, Gard Olav Dietrichson
Existing research has demonstrated that government policies often prioritise growth over climate during economic downturns. Yet government stimulus spending during economic downturns also offers an...
-
The origins of fairness in economic experiments: how evolutionary behavioural economics makes a case for doux commerce New. Polit. Econ. (IF 3.625) Pub Date : 2023-12-08 Sabine Frerichs
Behavioural economics works toward more realistic accounts of economic action, which includes efforts to endogenise the ‘social’. In its social strand, behavioural economics is specifically concern...
-
Why do national skill systems vary? The state’s role in skill system institutions for maintaining growth models New. Polit. Econ. (IF 3.625) Pub Date : 2023-11-10 Merve Sancak
This article combines the comparative political economy of skill formation literature with the one on growth models to analyse the state's role in skill systems of late industrialising countries. I...
-
The politics of student loan in Turkey: regimenting the youth through authoritarian debtfarism New. Polit. Econ. (IF 3.625) Pub Date : 2023-11-01 Havva Ezgi Dogru
The mass-scale expansion of student loan schemes in Turkey over the last two decades has been accomplished by a governance technique which the article defines as authoritarian debtfarism. By restru...
-
On the links between climate scepticism and right-wing populism (RWP): an explanatory approach based on cultural political economy (CPE) New. Polit. Econ. (IF 3.625) Pub Date : 2023-10-31 Tobias Haas
Various analyses show that right-wing populist parties (RWP) tend to be sceptical of climate science and policy. This points to a blank space in the dominant analyses of populism: their blindness t...
-
Social reproduction theory and the capitalist ‘form’ of social reproduction New. Polit. Econ. (IF 3.625) Pub Date : 2023-10-30 Pedro M. Rey-Araújo
This paper critically interrogates the meaning attached to social reproduction in the so-called Social Reproduction Theory [SRT]. While SRT represents an improvement over competing approaches to so...
-
Beyond context: taking political economy seriously in the study of corporate accountability New. Polit. Econ. (IF 3.625) Pub Date : 2023-10-13 Daniela Lai
The article argues for taking political economy seriously in the study of corporate accountability in transitional justice processes. Corporate actors are now commonly involved in transitional just...
-
Does household indebtedness contribute to the decline of union density? New. Polit. Econ. (IF 3.625) Pub Date : 2023-10-11 Giorgos Gouzoulis
This paper argues that rising household indebtedness is associated with the decline of organised labour. Over the last decades, the financial system is increasingly financing working-class househol...
-
Trade fetishism and the trade justice ratchet: between token and substantive change in NAFTA 2.0 New. Polit. Econ. (IF 3.625) Pub Date : 2023-10-10 Gavin Fridell
Countless socially responsible trade initiatives have emerged in recent years offering an uncertain mixture of token and substantive changes. After decades of battles over free trade, this marks a ...
-
The AGM as a site of contestation: evaluating the tactics of environmental shareholder activists New. Polit. Econ. (IF 3.625) Pub Date : 2023-09-29 Ainsley Elbra
The politics of climate change in Australia remains highly fraught, this is despite the country experiencing acute impacts of a changing climate including mega-fires, floods, and severe and prolong...
-
The financialisation of car consumption New. Polit. Econ. (IF 3.625) Pub Date : 2023-09-10 Tom Haines-Doran
ABSTRACT This paper investigates the growth of new forms of personal finance used in purchasing motor vehicles – a development which it characterises as ‘financialisation’. It focusses on the case of the rise of the personal contract purchase (PCP) in the United Kingdom market, and seeks to account for its growing popularity, and potential implications. It is found that the rise of PCPs is best understood
-
Freedom, domination and the gig economy New. Polit. Econ. (IF 3.625) Pub Date : 2023-09-06 James Hickson
Employment practices in the gig economy have routinely been defended through the language of individual freedom. Indeed, this particular model of on-demand employment is often presented as removing...
-
Market-reach into social reproduction and transnational labour mobility in Europe New. Polit. Econ. (IF 3.625) Pub Date : 2023-08-10 Ania Plomien, Gregory Schwartz
What are the processes and consequences of markets reaching deeper into social reproduction? How do these developments, in the context of Europeanisation underpinned by neoliberalisation and transn...
-
Shaping planetary health inequities: the political economy of the Australian growth model New. Polit. Econ. (IF 3.625) Pub Date : 2023-08-08 Nicholas Frank, Megan Arthur, Sharon Friel
Planetary health equity – the equitable enjoyment of good health and wellbeing in a sustainable ecosystem – is under threat from anthropogenic climate change and economic and social inequities. Dri...
-
Noxious deindustrialisation and extractivism: Quintero-Puchuncaví in the international division of labour and noxiousness New. Polit. Econ. (IF 3.625) Pub Date : 2023-08-02 Lorenzo Feltrin, Gabriela Julio Medel
This article examines the paradox of ‘noxious deindustrialisation’ – employment deindustrialisation in areas where significantly noxious industries are still operating – in the context of an extrac...
-
Transnational governance of digital transformation: financing innovation in Europe’s periphery New. Polit. Econ. (IF 3.625) Pub Date : 2023-07-31 Sidney A. Rothstein
Policymakers in Europe have embraced the notion that they can and should drive economic growth by promoting digital technology. Efforts to do so, known as ‘digital transformation’, involve realloca...
-
Low interest rates, low productivity, low growth? A multi-sector case study of UK-based firms’ funding and investment strategies in the context of loose monetary policy New. Polit. Econ. (IF 3.625) Pub Date : 2023-07-31 John Evemy, Craig Berry, Edward Yates
Low productivity growth in a low interest rate environment is a perennial problem for both UK monetary policy and the UK economy more generally. Through a comparative case study of eight firms acro...
-
The transformation of resource-rich countries in the International Division of Labour: ‘backward' industrialisation and relative surplus population in Uzbekistan New. Polit. Econ. (IF 3.625) Pub Date : 2023-07-25 Franco Galdini
This article explains independent Uzbekistan’s transformation starting from its integration into the global economy as a primary commodity exporter. It argues that, in line with other resource-rich...
-
When do business associations want a hard trade-sustainability nexus? A framework of analysis and the EU case New. Polit. Econ. (IF 3.625) Pub Date : 2023-07-24 Rodrigo Fagundes Cezar
This paper proposes and probes the plausibility of a framework to explain how business associations position themselves politically as trade-related sustainability obligations get stronger. An anal...
-
Why didn’t Europe securitise more? The institutionalisation of covered bonds as an efficient instrument for financialisation New. Polit. Econ. (IF 3.625) Pub Date : 2023-07-06 Viktor Skyrman
This article analyses an overlooked financial instrument in political economy, despite its institutionalisation having immense ramifications for European financial markets: the covered bond. Follow...
-
From Bail-out to Bail-in: explaining the variegated responses to the international financial aid requests of Ireland and Cyprus New. Polit. Econ. (IF 3.625) Pub Date : 2023-07-04 Dimitris Papadimitriou, Adonis Pegasiou
The financial crisis that hit the Eurozone in 2010 drove a number of its members request assistance from their EU partners. The reaction to these requests at the European level came in coordination...
-
‘Saving the WTO’: middle power insiders and joint statement initiatives at the World Trade Organisation New. Polit. Econ. (IF 3.625) Pub Date : 2023-07-04 Shamel Azmeh
Studies have argued that gridlock in the multilateral trade regime has contributed to processes of regime shifting and creation through the expansion of regional and bilateral agreements. Scholars ...
-
Rewarding a friend: Does the World Bank direct non-commercial risk insurance to countries that support US foreign policy interests? New. Polit. Econ. (IF 3.625) Pub Date : 2023-07-03 Jonas Gamso, Anna Dimitrova
Many scholars have investigated the politics of World Bank Group (WBG) lending, often finding that WBG loans are distributed in ways that advance US policy interests. However, the organisation’s ot...
-
Correction New. Polit. Econ. (IF 3.625) Pub Date : 2023-06-27
Published in New Political Economy (Vol. 28, No. 3, 2023)
-
Homo digitalis: narrative for a new political economy of digital transformation and transition New. Polit. Econ. (IF 3.625) Pub Date : 2023-06-27 Joan Torrent-Sellens
The second digital wave has positioned artificial intelligence and digital platforms as new general purpose technologies, has driven the emergence of new value sources: prediction and circulation v...
-
Diversity, solidarity and the construction of the ingroup among (post)colonial migrants in The Netherlands, 1945–1968 New. Polit. Econ. (IF 3.625) Pub Date : 2023-06-23 Emily Anne Wolff
Concerns about the impact of immigration (‘diversity’) on welfare states (‘solidarity’) are widespread among political economists. This article presents an alternative theoretical framework for und...
-
Cars, capitalism and ecological crises: understanding systemic barriers to a sustainability transition in the German car industry New. Polit. Econ. (IF 3.625) Pub Date : 2023-06-20 A. Katharina Keil, Julia K. Steinberger
In the face of climate and ecological crises, it is vital that car use be reduced, while simultaneously shifting towards different powertrains and reducing the size, weight and energy demand of veh...
-
A contender state’s multiscalar mediation of transnational capital: the belt and road in the Middle East New. Polit. Econ. (IF 3.625) Pub Date : 2023-06-16 Salam Alshareef
The article assesses trans-scalar drivers of Belt and Road initiative’s (BRI) activities in the Middle East. It engages critically with the concepts of territorial and capitalist logics of power ba...
-
Political independence through monetary dependence? The case of Montenegro New. Polit. Econ. (IF 3.625) Pub Date : 2023-06-10 Nicola Nones
As an economic policy, currency substitution – the use of a foreign currency in lieu of a domestic currency – is rarely associated with nationalism. This is due to a natural tendency to equate nati...
-
Balancing the scales: labour incorporation and the politics of growth model transformation New. Polit. Econ. (IF 3.625) Pub Date : 2023-06-05 Assaf S. Bondy, Erez Maggor
Led by the emerging growth models perspective, research in comparative political economy has recently reintroduced demand drivers of economic growth into the centre of political-economic analysis. ...
-
Protect or punish debtors? Policymaker discourse on the state’s role in personal debt governance New. Polit. Econ. (IF 3.625) Pub Date : 2023-05-29 Tomáš Hoření Samec, Lucie Trlifajová
Personal debt is a device increasing one’s agency but embedded within moral and legal frameworks that constructs people as individualised financial subjects. This article aims to enrich research on...
-
Multidimensional social conflict and institutional change New. Polit. Econ. (IF 3.625) Pub Date : 2023-05-26 Bruno Amable, Stefano Palombarini
This paper proposes a political economy of social conflict, institutional change and crises based on the diversity of perceived interests among social groups. The multidimensional conflict includes...
-
‘Don’t play if you can’t win’: household disengagement in the Australian pension system New. Polit. Econ. (IF 3.625) Pub Date : 2023-04-15 Antonia Settle
Drawing on the literature on political alienation and insider/outsider theory, this paper offers a novel explanation for the failure of some households to embrace the opportunities for financial co...
-
Limits to the financialisation of the state: exploring obstructions to social impact bonds as a form of financialised statecraft in the UK, Israel, and Canada New. Polit. Econ. (IF 3.625) Pub Date : 2023-04-13 Asa Maron, James W. Williams
Within the financialisation literature, scholars have turned their attention to the state, exploring the adoption of financial activities by state actors, paying less attention to the limits of sta...
-
Piercing the veil of monetarism: a decomposition of American inflation, 1970–1985 New. Polit. Econ. (IF 3.625) Pub Date : 2023-04-13 Brian Judge
Over the course of the 1970s, inflation became a monetary phenomenon. At the beginning of the decade, price increases were attributed to a complex intersection of domestic and international forces....
-
Inclusion or co-optation? Navigating recruitment as a gender diversity candidate in finance New. Polit. Econ. (IF 3.625) Pub Date : 2023-04-13 Signe Predmore
In the decade-plus following the financial crisis of 2008, diversity and inclusion initiatives – especially those targeting gender – have proliferated in global financial centres. Feminist politica...
-
Mobilising critical international political economy for the age of climate breakdown New. Polit. Econ. (IF 3.625) Pub Date : 2023-03-28 Milan Babic, Sarah E. Sharma
ABSTRACT Globally accelerating environmental breakdown necessitates a large-scale mobilisation not only of the natural and engineering sciences, but also of insights generated from social sciences. Consequently, recent interventions in International/Global Political Economy (IPE) demand a gearing of the field towards putting climate breakdown centre stage. We respond to this call by drawing attention
-
Growth models in Europe’s Eastern and Southern peripheries: between national and EU politics New. Polit. Econ. (IF 3.625) Pub Date : 2023-03-22 Visnja Vukov
ABSTRACT This paper analyses the political origins of diverse peripheral growth models in Europe, focusing on debt-based consumption-led growth model in Southern Europe and FDI-based export-led growth model in Central and Eastern Europe. Contrary to existing approaches that attribute this East-South divergence to their geographic position and systemic features of European monetary integration, the
-
South-South monetary regionalism: a case of productive incoherence? New. Polit. Econ. (IF 3.625) Pub Date : 2023-03-20 Barbara Fritz, Annina Kaltenbrunner, Laurissa Mühlich, Bianca Orsi
ABSTRACT The variety of monetary and regional cooperation institutions often is characterised as uneven, fragmented, and partially contested. In contrast to this narrative, Grabel (2018) applies a Hirschmanian mindset to monetary and regional cooperation that highlights the experimental nature of recent innovations as a ‘productive incoherence’. This paper presents a case study of such productive incoherence
-
UK pension funds’ patience and liquidity in the age of market-based finance New. Polit. Econ. (IF 3.625) Pub Date : 2023-03-02 Bruno Bonizzi, Jennifer Churchill, Annina Kaltenbrunner
ABSTRACT Pension funds have often failed to meet expectations in terms of providing ‘patient capital’. Explanations for this lapse have ranged over regulatory and ideational factors. We argue that a new ‘impatient’ phenomenon is emerging that requires further explanation: pension funds are becoming more mindful of their liquidity and collateral management, and engage in pro-cyclical investment behaviour
-
Institutional supercycles: an evolutionary macro-finance approach New. Polit. Econ. (IF 3.625) Pub Date : 2023-02-18 Yannis Dafermos, Daniela Gabor, Jo Michell
ABSTRACT We build upon the Minskyan concepts of ‘thwarting mechanisms’ and ‘supercycles’ to develop a framework for analysing the dynamic evolutionary interactions between macrofinancial, institutional and political processes. Thwarting mechanisms are institutional structures that aim to stabilise the macrofinancial system. The effectiveness of these structures changes over time as a result of profit-seeking
-
The ‘strange non-death’ of economic models: how modelling contributed to neoliberal resilience in Denmark New. Polit. Econ. (IF 3.625) Pub Date : 2023-02-01 Niels Fuglsang
ABSTRACT Scholars have attributed the resilience of the neoliberal policy paradigm to external pressure on governments by giant corporations and to features of the neoliberal idea itself. This article proposes a different explanation based on the political influence of the economic models that governments use for policy planning. I develop a theoretical perspective to capture how economic models, rather
-
The de-globalisation of capital? The political economy of community wealth building New. Polit. Econ. (IF 3.625) Pub Date : 2023-01-05 Jamie Dennis, Liam Stanley
ABSTRACT Community wealth building (CWB) is a strategy for local economic development that aims to (re-)circulate wealth within the places that produce it – a kind of de-globalisation of capital. CWB has come to prominence in the UK due to its implementation in Preston and endorsements from the Corbyn-led Labour Party. However, CWB has come under criticism for promoting protectionism. As a way into
-
Too green to be true? Forging a climate consensus at the European Central Bank New. Polit. Econ. (IF 3.625) Pub Date : 2023-01-02 Jérôme Deyris
ABSTRACT In its 2021 strategy review, the European Central Bank's Governing Council unanimously decided to make climate change one of its priorities for the coming years. In this article, we try to understand how this change was achieved. To do so, we rely on mixed methods, studying ECB policies, speeches, exchanges with the European Parliament, and conducting semi-structured interviews. We present
-
The whiteness of markets: Anglo-American colonialism, white supremacy and free market rhetoric New. Polit. Econ. (IF 3.625) Pub Date : 2022-12-28 Jessica Eastland-Underwood
ABSTRACT Building on the burgeoning raced markets literature, I examine the function of markets in colour-blind racism. I argue that ‘the market’ is a useful rhetorical mechanism in everyday political thinking that reproduces white supremacy. To demonstrate this, I look at the work of white supremacist and early American political economist: Thomas Roderick Dew. Focusing on his political economy lectures
-
Logistics of the neoliberal food regime: circulation, corporate food security and the United Arab Emirates New. Polit. Econ. (IF 3.625) Pub Date : 2022-12-05 Christian Henderson, Rafeef Ziadah
ABSTRACT A growing body of literature acknowledges that the Gulf Cooperation Council’s demand for food is met through a set of commodity chains that span the regional and global economy. But the development of national corporate food security strategies premised on the consolidation of logistical networks and food commodity chains has not been sufficiently explored. This paper is concerned with the
-
Crisis management, new constitutionalism, and depoliticisation: recasting the politics of austerity in the US and UK, 2010–16 New. Polit. Econ. (IF 3.625) Pub Date : 2022-12-05 Dillon Wamsley
ABSTRACT Political economy literature has sought to explain the rapid shift from fiscal stimulus to austerity after the 2008 crisis. Influential contributions highlight the relative explanatory value of ideational or structural factors in contributing to post-crisis austerity. Drawing on Stephen Gill’s (1998) analysis of new constitutionalism and Peter Burnham’s (2001) understanding of depoliticisation
-
Reconceptualising freedom in the 21st century: neoliberalism vs. degrowth New. Polit. Econ. (IF 3.625) Pub Date : 2022-12-03 Felix Windegger, Clive L. Spash
ABSTRACT The hegemonic role of neoliberal ideas in today’s political-economic thought and practice has shaped the common way of thinking about freedom in Western society and more generally in the international community. This involves a negative, individualistic and market-centred interpretation of the concept. In contrast, visions of a degrowth society offer a radical alternative based on Cornelius
-
The gendered construction of risk in asset accumulation for retirement New. Polit. Econ. (IF 3.625) Pub Date : 2022-11-28 Hayley James, Ariane Agunsoye
ABSTRACT This work contributes to the political economy literature by elucidating gendered socio-cultural practices germane to everyday financialisation. The financialisation of retirement provision in the UK expects individuals to negotiate risk and reward across diverse investments. Existing quantitative research highlights gender disparities in terms of who saves and how much, often interpreted
-
Decarbonising states as owners New. Polit. Econ. (IF 3.625) Pub Date : 2022-11-28 Milan Babić, Adam D. Dixon
ABSTRACT Environmental state debates focus on the governance and steering functions of politics. Concurrently, many states stand out as large global owners and investors in carbon industries. Via various investment vehicles, states control around half of all global oil and gas reserves as well as other carbon assets. We know very little, however, about where these states are invested; how they conduct
-
A morphological analysis of Brexitism New. Polit. Econ. (IF 3.625) Pub Date : 2022-11-21 Samuel Marlow-Stevens
ABSTRACT Despite a burgeoning literature on the topic, Brexit has not yet been the subject of a comprehensive ideological analysis. Through morphological analysis we establish an understanding of the concepts and ideas which underpin Brexit’s ideological structure and situate the political event and its aftermath firmly within a political economy context, as a response to the 2008 financial crash.