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Declining growth rates and rising unemployment as well as socio-economic inequalities signalled the crisis of globalisation. Dissent around socio-economic inequalities and…
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Declining growth rates and rising unemployment as well as socio-economic inequalities signalled the crisis of globalisation. Dissent around socio-economic inequalities and austerity measures was articulated by far-right political parties and populist leaders coupled with the rise of anti-immigrant and xenophobic political parties. Within this historical context, this chapter has two concerns. First, how do mainstream and critical approaches within the discipline of International Political Economy explicate double crises of liberalism (economic liberalism and political liberalism) and rise of populism and far-right politics. It then aims to uncover what these approaches anticipate for future prospects of globalisation and which kind of strategies they put forward to overcome the crises. Second, the chapter then aspires to study to what extent there is retreat from globalisation and a rising trend of isolationism through debating continuity and change in terms of foreign direct investment and international trade after 2007–2008 crisis. Is it possible to observe change in the flow of foreign direct investment and internationalisation/transnationalisation of production? Are economies moving towards protectionism? What happens to multilateral and bilateral trade agreements after the failure of Doha talks? In a nutshell, is there a retreat from globalisation or is it simply populism and/or post-truth society that the world is going through under the current context?
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In their Foreword, Augullo and Guidi identify the objectives behind the design features of their long-term project. One objective is to study “the history of economics from the…
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In their Foreword, Augullo and Guidi identify the objectives behind the design features of their long-term project. One objective is to study “the history of economics from the viewpoint of the economists’ relationships with the institutional and professional environment.” A second objective is that of comparative methodology, the “systematic and meditated comparison among national cases…so that the interpretive framework of each might be enriched by cross-fertilization.” A third objective is that “economics was rooted in institutional contexts and had itself over time become an institution—a doctrinal corpus of knowledge which permeates and frames the mind of the student body, scholars, professionals and public opinion at large” and to do so “not merely from the canonical standpoint of doctrinal or paradigmatic evolution” (AG, p. xi).
Mustafa Özbilgin and Natasha Slutskaya
In this chapter, we examine the interrelationship between politics of neo-liberalism and practices of equality and diversity at work. In so doing, we illustrate how macro-national…
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In this chapter, we examine the interrelationship between politics of neo-liberalism and practices of equality and diversity at work. In so doing, we illustrate how macro-national politics, in particular the contemporary neo-liberal expansion, impact the definitions, activities, beneficiaries and overall impact of diversity management at the organisational level. The chapter focuses on three fundamental assumptions of neo-liberalism, beliefs in the utility of deregulation (voluntarism), individualism and competition in order to organise economic and social life. The chapter goes on to examine the reflection of these neo-liberal beliefs on construction of diversity management in contexts where neo-liberal politics dominate. The chapter concludes by a critical assessment of how diversity can be freed from the clutches of neo-liberalism, which merely serves to limit the repertoire and imagination of interventions for diversity management.
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The chapter examines the current macro-governance of agri-food in a contemporary sense, taking changes in the UK and more broadly Europe. It first outlines a recent ongoing period…
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The chapter examines the current macro-governance of agri-food in a contemporary sense, taking changes in the UK and more broadly Europe. It first outlines a recent ongoing period of what is called ‘Disruptive Governance’. This emerged in the UK, the USA and indeed Brazil after the prolonged fiscal and financial crisis which brought about economic austerity in these countries over the past two decades. This relatively new disruptive phase, has now become more engrained into wider political and institutional structures and cultures, and indeed re-enforced earlier neo-liberal rounds of political articulation. Whilst there are far wider in effects than with agri-food systems, it is having a profound effect upon the stability and security of current food and farming systems. The chapter then explores the unfolding implications for agri-food in terms of policy changes, further market concentration and further financialisation. At a regional scale, we look at how these macro governance and regulatory forces are impacting in contrasting regional contexts: the UK, Wales and rural North West England (Cheshire and Shropshire). Finally, in conclusion, we ask to what extent these conditions are indeed tempered by longer-running and alternative radical shifts in agro-food systems, and the degree to which these can become mainstreamed. What do these trends suggest for sustainable food transitions and the further application and appropriateness of regime theory and governance?
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Napoleon Kurantin and Bertha Z. Osei-Hwedie
In recent years, the global economy has undergone major transformations involving the liberalization of markets for traditional goods, services, and capital flows. This has led to…
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In recent years, the global economy has undergone major transformations involving the liberalization of markets for traditional goods, services, and capital flows. This has led to the emergence of a world financial market underpinned by digital platforms, innovative and the rapid growth of integrated digital platforms, integration, investment, economic growth, development, and the potential for poverty reduction, especially, in the Global South and, in particular in sub-Saharan Africa. The goal of this chapter is to investigate the increasing accessibility and relationship between digital (e-economy) financial integration and poverty alleviation since the era of structural adjustment programs in sub-Sahara Africa with Ghana as a case study. The emphasis is on the New Digital Economy (NDE) relative to new sources of data from mobile and ubiquitous Internet connectivity. The processes of digitalization and financial sector integration and inclusion become increasingly contestable, decomposable, and reconfigurable, and the capacity to innovate will be a key success factor in policies geared toward poverty alleviation. The multiple linear regression model and its estimation using ordinary least squares (OLS) is doubtless the most widely used tool in econometrics. It helps to estimate the relation between a dependent variable and a set of explanatory variables. An OLS model for macro data set relative to a regression model is applied to provide the empirical estimations of the increasing accessibility and the relationship between digital financial integration, investment, economic growth, development, and poverty alleviation.
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