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51. Investment Challenges in Zambia’s Electricity Supply Industry: A Cursory Assessment

Author:
Mwanda Phiri and Francis Ziba
Publication Date:
05-2018
Content Type:
Working Paper
Institution:
Hudson Institute
Abstract:
During the tide of economic liberalisation in the 1990s, Zambia’s electricity market was liberalised with the aim of stimulating private sector participation. More than 20 years after market liberalisation, the power crisis in 2015 revealed that the industry had failed to attract the envisaged private sector investment required to expand and diversify energy generation sources and meet the increasing demand for electricity over the years. It became apparent that the various reforms taken to liberalise the industry, increase private sector participation and promote competition had fallen short of meeting these objectives. Zambia’s electricity supply industry still remained a semblance of a monopoly dominated by one large vertically integrated state-owned corporation responsible for the generation, transmission, distribution and supply of electricity. Given the important role of electricity in driving economic growth, this paper illuminates the barriers to entry in the ESI and the factors limiting competition. Drawing mainly on secondary sources, the study finds that at the very start, limited access to finance for energy projects potentially prevents the commencement of energy projects. Exacerbating the entry barriers are the below-cost electricity tariffs, the monopoly power held by ZESCO and its vertical integration and an inadequate regulatory framework to promote competition and prevent undue political interference. These findings justify the partial unbundling of ZESCO and the provision of legal reforms that support policy consistency, multi-year tariff adjustments and open and nondiscriminatory access to the transmission and distribution grids.
Topic:
Energy Policy, Regulation, Neoliberalism, Tariffs, and Electricity
Political Geography:
Africa and Zambia

52. Inequality in the Twenty-First Century: A Review on Rockstars of the Realm

Author:
Martyna Berenika Linartas
Publication Date:
01-2018
Content Type:
Working Paper
Institution:
Postgraduate Program on Sustainable Development and Social Inequalities in the Andean Region (trAndeS)
Abstract:
Not only has been economic inequality on the rise, but also the research agenda on inequality has moved decisively from the fringes to the center of policy and academic interest. This new concern and concentration in respect to this topic, data records, and methodological approaches have given rise to a vast amount of literature. It is for this reason that I review the most important recent works engaging with the origins of economic inequality – a debate which remains highly controversial. The usual categorization to explain the different storytelling – “to be or not to be neoliberal” – seems inappropriate. In this review on “the rockstars of the realm” (Thomas Piketty, Anthony Atkinson, Branko Milanovic and Walter Scheidel), I argue that the question and reason behind different approaches is instead: politics or the economy, which is the master that defines the space for action? The gradually established allegory of “the mirrored hourglass of inequality” illustrates the salience of this cleavage.
Topic:
International Political Economy, Political Economy, Capitalism, Inequality, Neoliberalism, and Economic Inequality
Political Geography:
Global Focus

53. Transforming Turkey? Putting the Turkey-European Union Relations into a Historical Perspective

Author:
Galip L. Yalman and Asuman Göksel
Publication Date:
01-2018
Content Type:
Journal Article
Journal:
Uluslararasi Iliskiler
Institution:
International Relations Council of Turkey (UİK-IRCT)
Abstract:
This article aims to provide an alternative critical reading of Turkey-European Union (EU) relations, by contending that Turkey’s EU accession process has been instrumental in changing the contours of the transformation of Turkish economy and its governance as part of its neoliberal restructuring. However, the “transformative power” attributed to the EU’s enlargement strategy by the EU Commission has been somewhat debatable since the 2008 global financial crisis as reflected in the slowdown of the accession process. With the rising authoritarian tendencies in its domestic governance, the protracted saga of Turkey’s quest for the EU membership is back to square one, as the proposal for the modernisation of the Customs Union underlines “respect for democracy and fundamental rights” as an indispensable basis for the future of the relations.
Topic:
Government, History, Bilateral Relations, Authoritarianism, European Union, Neoliberalism, and Global Financial Crisis
Political Geography:
Europe, Turkey, and Mediterranean

54. HOW LIBERAL IS NEOLIBERALISM? RETHINKING THE CONCEPTIONS OF THE WELFARE STATE, LEGISLATIVE ORGANS, SOCIAL JUSTICE, AND COMPETITION IN HAYEK’S THOUGHT

Author:
Selma TOKTAŞ
Publication Date:
10-2018
Content Type:
Journal Article
Journal:
Alternative Politics
Institution:
Department of International Relations, Abant Izzet Baysal University, Turkey
Abstract:
With the expansion of US-led economic policy following the economic depression of the 1970s and the proliferation of new information and communication technologies, the 1980s became a crucial period signaling dramatic changes all around the world. By the end of these years, the Keynesian economy, which accredited states as active and interventionist players in the economy in order to ensure both growth and equity, began to break down. In this period economic liberalism gained power again and political and economic theories and practices turned towards neoliberalism. As a result, deregulation, privatization and the withdrawal of the state from many areas were accelerated. All these changes were significant and affected the structure of almost everything, including education, culture, life and trends in thought. Friedrich A. von Hayek was one of the pioneers of this transformation. Therefore, this descriptive study attempts to understand the points where neoliberalism combines with liberalism and how it is separated from liberalism through Hayek's views about the welfare state, legislative body, social justice, and competition terms. In other words, this study aims to explore the extent to which Hayek’s neoliberalism is a continuation or a break from liberalism.
Topic:
Economic structure, Neoliberalism, Social Justice, Welfare, and Liberalism
Political Geography:
United States, North America, and Global Focus

55. Global Social Fascism: Violence, Law and Twenty-First Century Plunder

Author:
Lara Montesinos Coleman
Publication Date:
05-2018
Content Type:
Working Paper
Institution:
Centre for Global Political Economy, University of Sussex
Abstract:
The intellectual authors of neoliberalism were aware of the lethal implications of what they advocated. For ‘the market’ to work, the state was to refuse protection to those unable to secure their subsistence, while dissidents were to be repressed. What has received less attention is how deadly neoliberal reforms increasing come wrapped in social, legal and humanistic rhetoric. We see this not only in ‘social’ and ‘legal’ rationales for tearing away safety nets in Europe’s former social democratic heartlands, but also in the ‘pro-poor’ emphasis of contemporary development discourse. This includes contexts where colonial legacies have facilitated extreme armed violence in service of corporate plunder. To expose these dynamics, I juxtapose the everyday violence of austerity in Britain with neoliberal restructuring in Colombia. The latter is instructive precisely because, in tandem with widespread state-backed terror, Colombia has held fast to the language and institutions of liberal democracy. It has, as a result, prefigured the subtle authoritarian tendencies now increasingly prominent in European states. The reconceptualization of law, rights and social policy that has accompanied neoliberal globalization is deeply fascistic. Authoritarian state power is harnessed to the power of transnational capital, often accompanied by nationalistic and racist ideologies that legitimize refusal of protection and repression, enabling spiraling inequality. Nevertheless, extending Boaventura de Sousa Santos’s discussion of ‘social fascism’, I suggest that widespread appeal to the ‘social’ benefits and ‘legal necessity’ of lethal economic policies marks a significant and Orwellian shift. Not only are democratic forces suppressed: the very meanings of democracy, rights, law and ethics are being reshaped, drastically inhibiting means of challenging corporate power.
Topic:
Human Rights, Social Stratification, Law, Fascism, and Neoliberalism
Political Geography:
Britain and Colombia

56. Michael Higgins, President of Ireland

Author:
Michael D. Higgins
Publication Date:
04-2018
Content Type:
Video
Institution:
Columbia University World Leaders Forum
Abstract:
His Excellency Michael D. Higgins, President of Ireland, addresses the Columbia University World Leaders Forum in Low Library.
Topic:
Climate Change, Human Rights, United Nations, Neoliberalism, and Social Justice
Political Geography:
New York, Europe, and Ireland

57. Social Media Celebrities and Neoliberal Body Politics in China

Author:
Anett Dippner
Publication Date:
09-2018
Content Type:
Working Paper
Institution:
The Kolleg-Forschergruppe (KFG)
Abstract:
Since 2015, a new category of media stars came to public awareness and sparked a controversial discussion in China: Internet Celebrities (Wanghong). “Wanghongs” build their fame and fandom mostly on their eyecatching and hyperfeminine appearance which they are presenting extensively on Social Media platforms to gain public attention and acquire followers and fans. The stereotypical so-called “Internet Celebrity face” (Wanghong lian) became the most discussed buzz word of the year 2016 and led to a society-wide discussion about new beauty ideals and the growing popularity of cosmetic surgery, the objectification and commercialization of the body, as well as the increasing importance of an appropriate appearance for the individual’s social and economic success since the 2000s. For tracing these questions, the article analyses the development and characteristics of this new group of celebrities and locates them in the booming “Beauty Economy”. By literally selling their beautiful face, Wanghongs convert symbolic capital through e-commerce and online advertising into real economic advantages. The utilitarization of “body capital” heats up the public discourse about yanzhi (value of a pretty face) in China’s status-conscious society. With an analysis of the so called “Internet Celebrities” phenomenon this paper looks behind the sparkling Social Media façade and reveals the social and economic conditions that led to this new ideology of beauty as capital in China.
Topic:
Mass Media, Internet, Social Media, and Neoliberalism
Political Geography:
China and Asia

58. Dossier 10: Argentina Goes Back to the IMF

Author:
Tricontinental: Institute for Social Research
Publication Date:
11-2018
Content Type:
Working Paper
Institution:
Tricontinental: Institute for Social Research
Abstract:
For six months, Argentina has been confronted with a new economic and social crisis on a massive scale. In the context the devaluation of local currency, rising inflation, and a deep recession, Mauricio Macri’s administration struck an agreement with the IMF, marking a major shift in the country’s future. The agreements slash public spending and prioritize the repayment of debt, among other measures. This dossier examines the different dimensions of the crisis, the open disputes, and the possibilities for the immediate future.
Topic:
Economics, International Cooperation, Neoliberalism, Protests, IMF, and Political Crisis
Political Geography:
Argentina and South America

59. Latin America's Slow Pace in the 21st Century

Author:
Amado Cervo
Publication Date:
06-2016
Content Type:
Journal Article
Journal:
AUSTRAL: Brazilian Journal of Strategy International Relations
Institution:
Postgraduate Program in International Strategic Studies, Universidade Federal do Rio Grande do Sul
Abstract:
The last decade of the 20th century was characterized by two deep changes in Latin American countries. The old developmental paradigm, worn, gave place to the neoliberal paradigm, embraced by Latin American elites and societies. By reaching the 21st century, the region is going through a new paradigmatic change: the exhaustion, after a decade, of the neoliberal dynamics, and the immersion into the search for another destiny.
Topic:
Development, Neoliberalism, and Elites
Political Geography:
South America, Latin America, and North America

60. Neoliberal Policy Implementation Goes Hand in Hand with Stronger Symbolic Boundaries

Author:
Jonathan Mijs and Michèle Lamont
Publication Date:
03-2016
Content Type:
Working Paper
Institution:
Weatherhead Center for International Affairs, Harvard University
Abstract:
Citizens in countries that implemented more rigorous neoliberal policies over the last two decades (1990 to 2010) draw stronger symbolic boundaries between themselves and unwanted others. Based on publicly available data from the European Values Study, our research suggests that neoliberal policy implementation is intricately related to the ways in which citizens define worthiness. We find that in central and eastern Europe, the adoption of neoliberalism goes together with weakening boundaries toward ethnic others and a strengthening of animosity toward the poor, who are increasingly described as lazy and undeserving of government help. Conversely, in western Europe we find a weakening of boundaries toward the poor, but a strengthening of animosity toward ethno-religious others, Muslims in particular: citizens increasingly do not want Muslims as their neighbors. The trends we observe are supported by studies describing European citizens’ stance toward the (undeserving) poor, on the one side, and research on anti-immigrant sentiments, the rise of nativism, and the vote for extreme right parties, on the other. The contribution of our project is to offer a framework that describes these trends as two facets of symbolic boundaries and to link these to the uneven rate of implementation of neoliberal policies across European societies.
Topic:
Poverty, Religion, Sociology, and Neoliberalism
Political Geography:
Europe, Eastern Europe, and Western Europe