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111. Trading Down: Unemployment, Inequality and Other Risks of the Trans-Pacific Partnership Agreement

Author:
Jeronim Capaldo and Alex Izurieta
Publication Date:
01-2016
Content Type:
Working Paper
Institution:
Global Development and Environment Institute at Tufts University
Abstract:
Proponents of the Trans-Pacific Partnership agreement (TPP) emphasize its prospective economic benefits, with economic growth increasing due to rising trade volumes and investment. Widely cited projections suggest modest GDP gains after ten years, varying from less than half a percentage point in the United States to 13 percent in Vietnam. However, these projections assume full employment and constant income distribution in all countries excluding some of the major risks of trade liberalization. In this paper, we provide alternative projections of the TPP’s economic effects using the United Nations Global Policy Model. Allowing for changes in employment and income distribution, we obtain very different results. We find that the benefits to economic growth are even smaller than those projected with full-employment models, and are negative for Japan and the United States. More important, we find that the TPP will likely lead to losses in employment and increases in inequality.
Topic:
Regional Cooperation, Inequality, Trans-Pacific Partnership, and Unemployment
Political Geography:
United States, Asia, Vietnam, North America, and Asia-Pacific

112. Core Support for the New Economy

Author:
Neva Goodwin
Publication Date:
06-2016
Content Type:
Working Paper
Institution:
Global Development and Environment Institute at Tufts University
Abstract:
This paper proposes an income guarantee that would be defined as compensation for household activities such as childcare, food preparation, care of elderly or ill persons in the home, maintenance of the home and of household vehicles and appliances, and household-based transportation. I will call it Core Support, or CS. The Core Support proposal is put forth as a way to achieve a number of important goals, including reduction of poverty and inequality, increased fairness and better old-age security, and improved possibilities for good child care and education. It could replace much of the burdensome and expensive apparatus of welfare and some other government programs. Rather than providing a handout, it would expressly reward and enable some of the unpaid work on which every society depends, validating these activities as legitimate labor. As described in this proposal, it could have a significant impact in healthy redefinition of gender norms. In addition, the proposed program would reduce the requirement for all members of society to take paid work, thus rebalancing power between employers and employees. By reducing the pressure to create jobs, regardless of their quality or their impact, it would make it easier to cease production of socially or environmentally harmful goods and services. However, it would create a not inconsiderable amount of new work in managing the program. Depending on whether there is too much, or too little, demand for labor in the macroeconomy, this could be desirable, or not. This idea builds on literature on Basic Income Guarantees (BIG), as well as on some work in feminist economics. The latter tends to be skeptical of BIG proposals. It is hoped that the CS proposal, by addressing intra-household allocations – a topic normally absent from BIG proposals – can respond to this skepticism by showing how a basic income system can be designed so as to promote deep cultural changes in gender norms and widen respect for those who do the essential core work of a society. If it is assumed that the CS funds depend on taxable income, then it would be necessary for the economy in which it is implemented to have a preexisting flow of money from the sale of privately produced goods and services; thus it would appear that this approach would not be feasible in poor countries. Hence, given a focus on the U.S. context, some attention will be paid to the question of how “wealthy” this country will be in coming decades. It is possible to imagine macroeconomic conditions in which people are “poor” because they lack money to buy needed goods and services that are in fact being produced in the economy. In this case the central bank could create money to be distributed in amounts that would enable local trade, benefiting both producers and households, and possibly leading to higher levels of output.
Topic:
Gender Issues, Poverty, Women, Inequality, and Economic Inequality
Political Geography:
Global Focus

113. Global Safe Haven Bonding Foreign and Domestic Owners of the U.S. Public Debt

Author:
Sandy Brian Hager
Publication Date:
01-2016
Content Type:
Working Paper
Institution:
Centre for Global Political Economy, University of Sussex
Abstract:
This paper offers new theoretical and empirical insights to explain the resilience of the U.S. Treasuries market as a safe haven for global investment. Going beyond the standard systemic explanation, the paper highlights the importance of domestic politics in reinforcing the safe haven status of U.S. Treasury securities. In particular, the research shows how a formidable “bond” of interests unites domestic and foreign owners of the public debt and works to sustain U.S. power in global finance. Foreigners who now own roughly half of the U.S. public debt have something to gain from their domestic counterparts. The top one percent of U.S. households that dominate domestic ownership of the U.S. public debt have considerable political clout, thus alleviating foreign concerns about the creditworthiness of the U.S. federal government. Domestic owners of the U.S. public debt, in turn, have something to gain from the seemingly insatiable foreign appetite for U.S. Treasury securities. In supplying the U.S. federal government and U.S. households with cheap credit, foreign investors in U.S. Treasuries help to deflect challenges to the top one percent within the wealth and income hierarchy.
Topic:
Debt, Economics, International Political Economy, Inequality, and Finance
Political Geography:
United States and United Kingdom

114. Global Value Chains or Global Poverty Chains? A new research agenda

Author:
Benjamin Selwyn
Publication Date:
06-2016
Content Type:
Working Paper
Institution:
Centre for Global Political Economy, University of Sussex
Abstract:
Global Value Chain (GVC) analysis is part and parcel of mainstream development discourse and policy. Supplier firms are encouraged, with state support, to ‘link-up’ with trans-national lead firms. Such arrangements, it is argued, will reduce poverty and contribute to meaningful socio-economic development. This portrayal of global political economic relations represents a ‘problem-solving’ interpretation of reality. This article proposes an alternative analytical approach rooted in ‘critical theory’ which reformulates the GVC approach to better investigate and explain the reproduction of global poverty, inequality and divergent forms of national development. It suggests re-labelling GVC as Global Poverty Chain (GPC) analysis. GPC’s are examined in the textiles, food, and high-tech sectors. The article details how workers in these chains are systematically paid less than their subsistence costs, how trans-national corporations use their global monopoly power to capture the lion’s share of value created within these chains, and how these relations generate processes of immiserating growth. The article concludes by considering how to extend GPC analysis.
Topic:
Development, Economics, International Political Economy, Labor Issues, Inequality, and Global Political Economy
Political Geography:
United States, Eastern Europe, and Asia

115. More than a Game: Soccer and Social Justice in the Twenty-First Century

Author:
Amy Bass, Joshua Nadel, Stephanie Yang, and Shawn Stein
Publication Date:
04-2016
Content Type:
Video
Institution:
Clarke Forum for Contemporary Issues
Abstract:
This panel brings together experts in the culture and politics of soccer to discuss the state of the sport in the US and around the world. In what ways is the game plagued by racism, sexism, homophobia, economic injustice, or other inequalities? How might soccer be a tool for social, political, and cultural change? Join the conversation with these panelists as they share their work and take questions from the audience.
Topic:
Politics, Sports, Inequality, and Social Justice
Political Geography:
North America, Global Focus, and United States of America

116. The Ferguson Conjuncture: Why the Humanities Matter Now

Author:
George Lipsitz
Publication Date:
03-2016
Content Type:
Video
Institution:
Clarke Forum for Contemporary Issues
Abstract:
The killing of Michael Brown and the callous and cruel responses to it by legally constituted authorities have rightly been perceived as evidence of failures of the criminal justice system and the political system. In addition, the events, actions and ideas emerging from the crucible of conflict in Ferguson also reveal a betrayal of the promise of the humanities to teach discernment, judgment and empathy as tools for envisioning a common and creative human existence.
Topic:
Human Rights, Race, Law Enforcement, Inequality, State Violence, and Protests
Political Geography:
North America and United States of America

117. Introduction. Challenges to Political Representation in Contemporary Chile

Author:
Rossana Castigliono and Cristobal Rovira Kaltwasser
Publication Date:
12-2016
Content Type:
Journal Article
Institution:
German Institute of Global and Area Studies
Abstract:
Democratic representation seems to be increasingly under stress in various established democracies, such as Greece, Spain, and the USA. Chile is also following this trend, but there are a number of partic- ularities that make the Chilean case distinctive. After all, Chile is widely regarded as one of the most consolidated democratic regimes in Latin America and as having solid economic performance. However, citizens have shown decreasing levels of satisfaction with democracy and repre- sentative institutions, and are turning to protest and social mobilization to express their discontent. The paradox that Chile is facing today lies in the mismatch between the attitudes of voters and the overall perfor- mance of the regime. In explaining this intriguing puzzle, most of the literature has emphasized the legacy of institutional arrangements inher- ited from military rule. We argue that institutions are necessary but insuf- ficient for explaining the increasing challenges that democratic represen- tation faces. Thus, we also claim that it is necessary to consider not only the expansion of critical citizens and middle income earners, but also the repoliticization of inequalities.
Topic:
Democracy, Inequality, Citizenship, Representation, and Middle Class
Political Geography:
South America, Latin America, and Chile

118. Re)Politicizing Inequalities: Movements, Parties, and Social Citizenship in Chile

Author:
Kenneth M. Roberts
Publication Date:
12-2016
Content Type:
Journal Article
Institution:
German Institute of Global and Area Studies
Abstract:
For 20 years following the 1989–1990 democratic transition, Chilean politics was characterized by stable forms of party-based political representation, relatively low levels of social mobilization, and a techno- cratic consensus around a neoliberal development model that generated rapid and sustained, albeit highly unequal, patterns of economic growth. This sociopolitical matrix was challenged, however, when hundreds of thousands of students and their supporters took to the streets to protest against educational inequalities, while smaller numbers of protestors mobilized around a plethora of other labor, environmental, and indige- nous rights claims. This wave of social protest occurred in a context of growing detachment of Chilean citizens from traditional parties and representative institutions, and it punctured the aura of inevitability and consensus that surrounded the country’s economic model. The ground- swell of popular protest signified the end of a posttransition political era in Chile and the dawning of a new one defined by the repoliticization of social and economic inequalities, including vigorous debates about the social pillars of the neoliberal model and the reach of social citizenship rights. The Chilean case sheds new light on the processes by which ine- qualities come to be politicized or depoliticized in different structural, institutional, and ideational contexts.
Topic:
Social Movement, Inequality, Citizenship, and Political Parties
Political Geography:
South America, Latin America, and Chile

119. Extreme Carbon Inequality: Why the Paris climate deal must put the poorest, lowest emitting and most vulnerable people first

Author:
Timothy Gore
Publication Date:
12-2015
Content Type:
Policy Brief
Abstract:
Climate change is inextricably linked to economic inequality: it is a crisis that is driven by the greenhouse gas emissions of the ‘haves’ that hits the ‘have-nots’ the hardest. While COP21 in Paris will see a deal negotiated between governments on the basis of the total emissions produced in their territories, the real winners and losers will be their citizens. The true test of the deal will be whether it delivers something for the poorest people who are both the least responsible for and the most vulnerable to climate change, wherever they live. In this briefing Oxfam presents new data analysis that demonstrates the extent of global carbon inequality by estimating and comparing the lifestyle consumption emissions of rich and poor citizens in different countries. See also the technical briefing on the methodology and the data sets.
Topic:
Climate Change, Economics, Politics, Poverty, and Inequality
Political Geography:
Global Focus

120. Game-Changers in the Paris Climate Deal: What is needed to ensure a new agreement helps those on the front lines of climate change

Author:
Tracy Carty
Publication Date:
11-2015
Content Type:
Working Paper
Abstract:
There is likely to be a climate deal in Paris. The emission pledges that more than 150 governments have put on the table this year show that global climate ambition is increasing. But much more is needed, as it’s a deal that could still lead to around 3°C of warming. New Oxfam-commissioned research estimates that compared with 2°C, developing countries could be faced with an additional $600bn per year in economic losses by 2050, and see their adaptation finance needs raised by almost $300bn per year by the same date. But there is still scope for a stronger deal. In this media briefing Oxfam looks at potential game-changers on finance and mitigation ambition that could avert these costs for the world’s poorest people. These are the issues that will determine whether the Paris deal reflects the power of the biggest fossil fuel emitters and elites, or is a turning point which starts to address the needs of the poorest and most vulnerable.
Topic:
Climate Change, Energy Policy, Politics, Reform, Inequality, and Finance
Political Geography:
Global Focus