Alternatives: Turkish Journal of International Relations
Institution:
Center for International Conflict Resolution at Yalova University
Abstract:
The last months of 2008 witnessed what is being called the worst financial crisis since the Great Depression of 1929-30. The first indications of a serious crisis appeared in January 2008. On 15 January, news of a sharp drop in the profits of the Citigroup banking led to a sharp fall on the New York Stock Exchange. On 21 January a spectacular fall in share prices occurred in all major world markets, followed by a series of collapses. A number of American and European banks declared massive losses in their 2007 end of the year results.
Sustainability initiatives have proliferated in many industries in recent years. This has led to a plethora of standards that exist in parallel to each other seeking to address more or less the same social and environmental issues. Sustainability standards are not neutral tools but institutional mechanisms that differ in the way they seek to implement their objectives and in the impact they have on intended beneficiaries and other value chain actors. In this paper I explore the emergence of multiple standards seeking to regulate the social conditions in the production of cut flowers aimed at the EU market. I investigate developments in the focus and function of these standards and the effect of standards and standard harmonization attempts on the terms of competition in the cut flower value chain. The analysis shows that the harmonization of flower standards has a potential to 'lift the standard bar' by transforming risk management standards into product differ-entiation standards. The paper also shows how the market for standards can shape competition in the market for flowers by altering the terms of participation in the growing market segment for 'sustainable' flowers. Through the new standard harmonization initiative Fair Flowers Fair Plants, Dutch growers are now able to compete in the market for socially labelled flowers which before was restricted to Southern producers.
Topic:
Economics, International Trade and Finance, and Markets
This study analyzes why the presence of economic policy on rural development is justifiable and the recommendable modes of intervention from the perspective of rural area needs and diversification opportunities of the rural economy in the European context. This reflection on the role of economic policy in rural change and the structure of the paper are organized around the following questions: what is the importance and specificity of the rural sphere? What does rural development mean? What arguments justify the intervention of the State in the rural sphere? Which objectives and what forms must this intervention adopt?
Since mid-2007, public authorities in the European Union have broadly met the challenge of ensuring a functional degree of liquidity and preventing financial meltdown. The Eurosystem has even been ahead of the curve compared with the Federal Reserve and the Bank of England in discounting early on a wide variety of assets to a range of counterparties. However, despite unprecedented central bank intervention, extensive government guarantees since October 2008, and macroeconomic assistance (with the International Monetary Fund) to the European Union's weakest member states, the underlying state of continental Europe's banking industry remains very fragile.
No country has proved immune to the devastating effects of the current global financial crisis. But the middle-income countries of Eastern Europe, Latin America, and East Asia, which previously had achieved significant progress—economically and socially— have shown themselves to be particularly vulnerable. The crisis has high- lighted important lessons for these countries, which inhabit a twilight zone between the developed and developing worlds –and those that aspire to join their ranks – as they rebuild
Topic:
Economics, Globalization, Markets, and Financial Crisis
The cocoa tree is an important source of income for millions of farming families in equatorial regions. Cocoa originates in the river valleys of the Amazon and the Orinoco in South America. Its discoverers, the Maya people, gave it the name 'cocoa' (or 'God's food'). Cocoa was introduced to Europe in the fifteenth century. Cocoa imports were heavily taxed, and as a result it was consumed as a drink only by the wealthy. Investment from Great Britain and The Netherlands, combined with the launch of the chocolate bar in 1842 by Cadbury, resulted in a greater demand for chocolate. This led to the gradual expansion of cocoa production, spreading to Africa in 1870.
Topic:
Economics, Globalization, International Political Economy, International Trade and Finance, Markets, and Poverty
Political Geography:
Britain, Africa, Europe, South America, Netherlands, and Amazon Basin
SETA Foundation for Political, Economic and Social Research
Abstract:
Turkey's membership in the European Union (EU) is contingent on economic, political, and cultural factors. Rather than a geographic area with a particular cultural and religious history, the EU defines "Europe" as a political project that espouses values such as human rights, pluralist democracy, and a liberal economy. However, Turkey's EU accession process highlights the cultural and religious dimension through which "Islam" and "Europe" may be mutually redefined. This article examines how Turkish Muslim immigrants in Europe have become an example of the compatibility of "Islam" and "Europe." It is concluded that opposing Turkey's EU membership based on essentializing arguments of cultural and religious difference is misleading and counterproductive, as it fails to address the shifting boundaries of Europe and of Islam.
Minda de Gunzburg Center for European Studies, Harvard University
Abstract:
The “European social model” includes a welfare regime with generous social expenditure; high employment or income protection; a well-developed system of industrial relations; and involvement of social partners in policymaking. Within the Italian social model, however, one can find three major dividing lines. The first one stems from the coexistence of different models in different areas of the country. Second, an occupation-based principle in pensions and in unemployment benefits coexists with a citizenship-based one in health and education. Finally, core workers enjoy high job and income security, whereas outsiders are highly dependent on the market. These three dividing lines substantially endanger the legitimacy and social acceptance of the Italian social model: each of them profoundly affects the perceptions of workers and citizens, leading to widespread criticism of even those aspects that clearly benefit them and, at the same time, to fierce opposition to the several attempts at reforming it.
Topic:
Economics, Government, Political Economy, and Privatization