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2711. The Politics of Adjustment and Coordination at the Regional Level: The Basque Country

Author:
Sebastian Royo
Publication Date:
01-2009
Content Type:
Working Paper
Institution:
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
Is globalization forcing non-“Coordinated Market Economies” such as Spain to converge on an Anglo-American model? This paper seeks to build on the hypotheses generated by the literature on “Varieties of Capitalism” to analyze the challenges of developing and sustaining coordination while adjusting for economic change. In particular it seeks to explore ways in which subnational factors promote the ability of socioeconomic actors to develop public-private institutions. By focusing on a particular autonomous region of Spain, the Basque Country, this paper will explore the role of institutional arrangements at the regional level in determining national adjustment. In the Basque Country the relative power and the particular interests of the regional state have been central factors in promoting distinctive patterns of coordination. At the same time, actors' preferences and policy outcomes have been constrained by the differences in the quality and configuration of institutional frameworks, political deals, and the existing economic structure.
Topic:
Economics and Markets
Political Geography:
America, Europe, and Spain

2712. Regional Development of Russian Industry

Author:
Linda Skjold Oksnes
Publication Date:
05-2009
Content Type:
Working Paper
Institution:
Norwegian Institute of International Affairs
Abstract:
The paper analyzes the convergence process of industrial productivity across Russian regions during the period 1996-2004 by applying empirical methods. The industrial sector refers to, in accordance with Russian official statistics, oil gas extraction, electricity production, mining quarrying and manufacturing. Convergence in productivity levels is well analyzed in economic literature, but few have tested the hypothesis on Russian regions. Most previous convergence analysis of Russian regions has examined the development in income per capita. Russia's special history and vast geographical extent have led to huge regional variations in resource endowments, market access and industrial structure, to name a few. Since the regression results are highly sensitive for regionspecific factors, these are identified and controlled for in the analysis. In addition, panel data techniques are used to check the robustness of the results to region-specific characteristics, which are not always measurable. The analysis also tests whether there is a tendency to economic agglomeration in the data. The hypothesis of absolute convergence is not supported in the analysis, but when region-specific factors are controlled for there are signs of convergence among Russian regions.Trade and investment as a share of regional industrial production appear in the analysis as the most significant explanatory variables.
Topic:
Development, Economics, Industrial Policy, and Infrastructure
Political Geography:
Russia

2713. Latin America and the Global Economic Crisis

Publication Date:
03-2009
Content Type:
Working Paper
Institution:
Oxfam Publishing
Abstract:
An overview of the region up to 30 January 2009 by the UN Economic Commission for Latin America and the Caribbean (cepal) argues that the larger economies have been more directly affected by the global economic crisis (because in general they are more integrated with the global markets, especially finance), but are also better equipped to respond to it. In particular, Cepal sees South America as diverging from Central America and the Caribbean, which seem to be both less resilient in terms of their economies, and more exposed to the slump in the USA. They are being driven back to aid as the last/only resort. Mexico is in a category of its own, the most exposed to the US downturn, but as a large economy and an oil exporter, better placed to withstand the downturn than its Caribbean basin neighbours.
Topic:
Economics, Globalization, and International Political Economy
Political Geography:
South America, Latin America, and Caribbean

2714. A Copper-Bottomed Crisis? The Impact of the Global Economic Meltdown on Zambia

Author:
Duncan Green
Publication Date:
03-2009
Content Type:
Working Paper
Institution:
Oxfam Publishing
Abstract:
At the time of independence in 1964 Zambia was a middle-income country and appeared set to develop into a prosperous nation. However, the combination of a tumultuous world economy and fiscal mismanagement led to rapid economic decline, which continued unabated into the 1980s and 1990s. Average economic growth from 1990-1999 was the lowest in the region and unemployment and inflation soared, resulting in per capita incomes 50 per cent less in 1999 than they had been 25 years earlier.
Topic:
Economics, Post Colonialism, and Foreign Aid
Political Geography:
Africa

2715. Paying the Price for the Economic Crisis

Author:
Bethan Emmett
Publication Date:
03-2009
Content Type:
Working Paper
Institution:
Oxfam Publishing
Abstract:
New research by Oxfam International uncovers a hidden aspect of the global economic crisis – its impact on women workers in developing countries. Preliminary findings from Oxfam's research with women in global supply chains shows that the crisis is having a devastating impact on their livelihoods, their rights, and their families. Women are often first to be laid off, with employers leaving pay outstanding and evading legal obligations to give notice and pay compensation, and governments turning a blind eye, with devastating knock-on effects. Last year, women's wages were putting food on the table and children through school in millions of families. Now, the lives of women who were already suffering from poor labour conditions have become even more precarious.
Topic:
Economics, Gender Issues, Globalization, Political Economy, and Labor Issues

2716. What Happened at the G20? Initial Analysis of the London Summit

Publication Date:
04-2009
Content Type:
Policy Brief
Institution:
Oxfam Publishing
Abstract:
G20 leaders met for the second time in London on 2 April, as the global economic crisis began to crash across the borders of poor countries with ever-greater severity. Oxfam's research shows rising human impacts in the shape of job losses, falling remittances to the families of migrant workers and a particularly severe impact on women workers in global supply chains. Based on the latest forecasts, published on the eve of the summit, Oxfam estimates that the crisis could push 100 million people into poverty in 2009 alone.
Topic:
Economics, Gender Issues, Globalization, International Organization, Poverty, and Labor Issues
Political Geography:
London

2717. Close to Home: UK poverty and the economic downturn

Publication Date:
04-2009
Content Type:
Policy Brief
Institution:
Oxfam Publishing
Abstract:
The major social policy challenge of the current economic recession is how to prevent a precipitous rise in poverty in the UK. In addition to limiting the numbers of people plunged into poverty because of the recession, government must also mitigate the impact on people already living below the poverty line. But, this paper will argue, response s to the recession present an opportunity to make a step-change, ensuring that actions taken also help build a fairer, more sustainable society in which poverty is ended in the long-term.
Topic:
Economics, Globalization, Poverty, and Labor Issues
Political Geography:
Europe

2718. The Right to Survive in a Changing Climate

Author:
Robert Bailey
Publication Date:
04-2009
Content Type:
Working Paper
Institution:
Oxfam Publishing
Abstract:
Driven by upward trends in the number of climate - related disasters and human vulnerability to them, by 2015 the average number of people affected each year by climate-related disasters could increase by over 50 percent to 375 million. This figure will continue to rise as climate change gathers pace – increasing the frequency and/or severity of such events – and poverty and inequality force ever more people to live in high -risk places, such as flood plains, steep hillsides and urban slums, while depriving them of the means to cope with disaster.
Topic:
Climate Change, Economics, Environment, Globalization, and Poverty

2719. A Business Case for Fighting Poverty

Publication Date:
05-2009
Content Type:
Policy Brief
Institution:
Oxfam Publishing
Abstract:
Even in hard times, it can make commercial sense for companies to develop markets that include poor people, and business models that address poverty. Businesses that create decent jobs, access to markets or goods and services that benefit low-income groups in emerging economies help to build healthier, wealthier, and more highly skilled communities. Those communities will provide the customers, suppliers, and employees that companies need for sustainable growth.
Topic:
Development, Economics, Markets, Poverty, and Non State Actors

2720. Financial Globalization and Economic Policies

Author:
Shang-Jin Wei, Eswar Prasad, M. Ayhan Kose, and Kenneth Rogoff
Publication Date:
04-2009
Content Type:
Working Paper
Institution:
The Brookings Institution
Abstract:
We review the large literature on various economic policies that could help developing economies effectively manage the process of financial globalization. Our central findings indicate that policies promoting financial sector development, institutional quality and trade openness appear to help developing countries derive the benefits of globalization. Similarly, sound macroeconomic policies are an important prerequisite for ensuring that financial integration is beneficial. However, our analysis also suggests that the relationship between financial integration and economic policies is a complex one and that there are unavoidable tensions inherent in evaluating the risks and benefits associated with financial globalization. In light of these tensions, structural and macroeconomic policies often need to be tailored to take into account country specific circumstances to improve the risk-benefit tradeoffs of financial integration. Ultimately, it is essential to see financial integration not just as an isolated policy goal but as part of a broader package of reforms and supportive macro- economic policies.
Topic:
Development, Economics, Globalization, and Political Economy