Category archives for Global crisis

‘Eating power’ and the oligopolisation of the Haitian food economy

As one of the world’s poorest countries, the inequities in Haiti’s local food economy are deeply rooted in its troubled history and its elite-dominated political economy ‘Nothing prepares you for Haiti’. At the closing plenary of the recent Caribbean Studies Association (CSA) Conference, the first time the conference has been held there since the CSA’s inception in 1975, Trinidadian activist … Continue reading

15 September 2016 by
Categories: Development, Economics, Global crisis, Inequality, SPERI Comment | Tags: , , , , | Leave a comment

Rethinking Recovery: Poverty chains and global capitalism

Reorienting value generated within ‘global poverty chains’ is essential to improve the lives of an impoverished world labour force Contemporary global capitalism is characterised by extreme wealth concentration and a rapidly expanding and largely impoverished global labour force. Mainstream institutions such as the World Bank and International Labour Organisation encourage integration into global value chains as a development strategy that, … Continue reading

12 July 2016 by
Categories: Development, Economics, Global crisis, Inequality, Rethinking Recovery, SPERI Comment, trade | Tags: , , , , , , , , , | Leave a comment

Recovery, interrupted: Iceland and the Panama Papers

Alyssa

Recent revelations have reopened an angry debate about Icelandic democracy and the links between economic and political recovery Although it has been nearly eight years since Iceland’s financial crash and the ensuing ‘Pots and Pans revolution,’ protesters in recent demonstrations prompted by the Panama Papers have chanted and carried signs with the same slogans: ‘vanhæf ríkisstjórn’ (‘unfit government’) or ‘stjórnvöld … Continue reading

19 May 2016 by
Categories: Finance, Global crisis, SPERI Comment, Tax Havens | Tags: , , , | 2 comments

The Steel Crisis: Government, Multinationals and Regional Imbalance

Ewan Gibbs

Concerns about regional economies mean that even in an increasingly financialised and globalised steel sector the government is maintaining stewardship responsibilities Steel, the essential raw material widely understood as the precondition for industrial development, has been thrust into the centre of the debate about the UK’s economic future by the threatened closure of the last major basic mills. Into the … Continue reading

5 May 2016 by
Categories: Austerity, China, Development, Economics, Global crisis, Northern Powerhouse, SPERI Comment, Sustainability | Tags: , , , , , | Leave a comment

How sustainable are the Anglo-American recoveries?

Jeremy Green

While both countries have experienced comparatively strong growth, divergence on the current account ensures that the UK’s situation looks much more perilous Staggering global payments imbalances are a defining feature of contemporary capitalism. From the 1980s, with the emergence of the ‘neoliberal’ phase of capitalism, two major categories of growth model have emerged: debt-led growth models, marked by current-account deficits, … Continue reading

2 February 2016 by
Categories: British growth crisis, Economics, Global crisis, Politics and policy, SPERI Comment, Sustainability, USA | Tags: , , , , , , , , , , , , | Leave a comment

A letter from Lesvos

Dimitris Ballas

The inspiring humanity of many ordinary European citizens in the face of the refugee crisis contrasts shockingly with the limited actions of European governments I am writing this post at the beginning of 2016 in my office at the University of the Aegean, part of which is situated on the island of Lesvos, near to Turkey. I’ve been working at … Continue reading

6 January 2016 by
Categories: Europe and the EU, Global crisis, Inequality, SPERI Comment | Tags: , , , , , , | Leave a comment

SPERI spotlight on the UN climate summit I

Hayley Stevenson

Democratising decarbonisation after the COP The long-awaited Paris climate summit is almost upon us. Much remains to be decided at this latest Conference of the Parties, or COP21, as the meeting is known in climate politics jargon, including financial support and compensation for vulnerable countries, emissions reporting and verification systems, and the legal form and status of the agreement. For … Continue reading

17 November 2015 by
Categories: Environment, Europe and the EU, Global crisis, SPERI Comment, UN Climate Summit | Tags: , , , , , , | Leave a comment

Finding the money: financing Europe’s refugee and migrant crisis

Gail Hurley

The UN warns the humanitarian aid system is ‘being stretched to breaking point’ The International Organisation for Migration (IOM) reports that over 613,000 people of mainly Middle-Eastern and African origin have crossed into Europe this year so far, fleeing ongoing conflict and poverty in countries such as Syria, Iraq, Afghanistan, Libya and Somalia. The European Union’s response has been chaotic, … Continue reading

11 November 2015 by
Categories: Global crisis, Politics and policy, SPERI Comment | Tags: , , , , , , , , , , | Leave a comment

The Uber model and associated controversies

Tom Hastings

The US firm’s successful expansion into many different countries, including the UK, raises important questions about the regulation of technology-dependent businesses The controversies surrounding US technology firm Uber continue and have done so for several years now, with the firm’s notoriety coming hot on the heels of near-constant technological and territorial expansions. The concept at the heart of Uber’s model … Continue reading

28 October 2015 by
Categories: Economics, Global crisis, Social science, SPERI Comment, USA | Tags: , , , , , , | Leave a comment

Why geopolitical arguments in favour of TTIP are also flawed

Honest debate requires justifying rather than just stating claims The PR campaign in favour of the Transatlantic Trade and Investment Partnership (TTIP) has subtly changed over the past two years. In response to criticism of the figures used to trumpet the economic benefits of TTIP, advocates have started to put more emphasis on the geopolitics at stake. In a recent … Continue reading

7 October 2015 by
Categories: Development, Economics, Europe and the EU, Finance, Global crisis, Politics and policy, SPERI Comment, trade | Tags: , | 1 comment

The SDGs on hunger and malnutrition

Ben Richardson

These new goals offer some important changes from the MDG era and provide ‘food for thought’ in the UK So near, yet so far. One of the headline targets of the Millennium Development Goals (MDGs) to halve the proportion of undernourished people in the world between 1990 and 2015 was almost met.  The distance travelled in this respect, represented by … Continue reading

6 October 2015 by
Categories: Development, Economics, Global crisis, Inequality, Politics and policy, Social science, SPERI Comment, Sustainability | Tags: , , , | Leave a comment

The flawed utopianism of the SDG process

Graham Harrison

Everything is premised on an unrealistic understanding of the structures and dynamics of the global political economy Thomas Pogge and Mitu Sengupta set the scene for the Sustainable Development Goals (SDGs) as ‘that cosmopolis of the future whose foundations are now being shaped’, offering more than a hint of utopian thinking. The foundations to which the authors refer are the … Continue reading

1 October 2015 by
Categories: Development, Global crisis, Global South, Inequality, Political theory, Politics and policy, SPERI Comment, Sustainability | Tags: , | Leave a comment

The self-protection of European society (inside and outside the EU)

Owen Parker

Growing political turmoil in Greece, Spain and Turkey could be a precursor to a Polanyian ‘great transformation’ away from neoliberalism Many commentators on the global financial crisis and its aftermath in the European context have sought to make sense of the widespread political resistance and protest that has emerged in its wake.  Karl Polanyi, a well-known figure among political economists, … Continue reading

24 September 2015 by
Categories: Europe and the EU, Global crisis, Political theory, Politics and policy, Social science, SPERI Comment | Tags: , , , , , , , , , | Leave a comment

Innovation, research and the UK’s productivity crisis

Richard Jones

Continuing on our current path of stagnating productivity and stagnating innovation isn’t inevitable: it’s a political choice The UK is in the midst of an unprecedented peacetime slowdown in productivity growth.  Labour productivity – the economic output produced per hour worked – has, for many decades, grown steadily at 2.3% a year.  All that changed in 2007, since when it … Continue reading

23 September 2015 by
Categories: British growth crisis, Development, Economics, Environment, Finance, Global crisis, SPERI Comment | Tags: , , , , | Leave a comment

A terminal crisis of Anglo-America?

Jeremy Green

In the wake of the global financial crisis new strains have emerged within the US-UK ‘Special Relationship’ Scenes of Lehman Brothers’ employees hurriedly clearing out belongings from their London offices in September 2008, as the bank filed for the largest bankruptcy in US history, became part of the iconic imagery of the Global Financial Crisis (GFC). Lehman’s collapse was the … Continue reading

30 July 2015 by
Categories: Economics, Global crisis, SPERI Comment, USA | Tags: , , , , , , , , , , | Leave a comment

Rethinking Recovery I

SPERI PERC

Inequality and insecurity in UK households This is the first in a series of ten SPERI Comments on the theme of rethinking recovery.  In this introductory post the authors warn that measurements of, and debates about, economic recovery in the UK have tended to overlook deepening inequality along the lines of class, gender, race, ability, age and sexuality. Whether the … Continue reading

3 June 2015 by
Categories: Economics, Global crisis, Housing, Inequality, Politics and policy, Rethinking Recovery, Social science, SPERI Comment, Tax, Welfare | Tags: , , , , | Leave a comment

Different elections, similar issues: the UK and the US at the polls

David Coates

Class and racial divisions will not go away in either country until progressive politics succeeds in pushing them away As the United Kingdom comes to the end of its very short general election cycle, the United States is gearing up for the start of its next very long one.  Yet, for all the differences of electoral timing and length, the … Continue reading

5 May 2015 by
Categories: Global crisis, Inequality, Politics and policy, SPERI Comment, Tax, USA, Welfare | Leave a comment

Inequality and politics in the neo-gilded age: a view from the United States

Stephanie Mudge

Can mainstream political parties reverse the tide? There is much talk about wealth and income inequality nowadays.  Here in the US inequality has now reached levels that look a lot like a neo-gilded age.  The concern, for many, is perhaps less inequality per se, but rather whether it is here to stay (the short answer is yes, unless we change … Continue reading

29 January 2015 by
Categories: Economics, Global crisis, Higher education, Inequality, SPERI Comment, USA | Leave a comment

The new geopolitical economy of oil in the Americas

Matthew Bishop

The recent collapse in oil prices is a mixed blessing: from the vantage point of the Caribbean the implications are perplexing and disturbing When I moved to Trinidad in 2009, a country blessed with a flourishing hydrocarbon industry, I marvelled at the fact that it cost barely £10 to fill my car with petrol.  But global oil prices were hovering … Continue reading

27 January 2015 by
Categories: Debt, Economics, Environment, Finance, Global crisis, SPERI Comment, trade, USA | Tags: , , , , | Leave a comment

Psychic losses and economics

Alberto Montagnoli and Mirko Moro

New research shows that banking crises have a long-term scarring effect on individuals The shock of a financial crisis manifestly imposes a considerable burden both on economies and individuals.  There inevitably exists an extensive literature on the economic costs and the channels through which these crises impact on the functioning of the financial markets and the real economy via credit … Continue reading

7 January 2015 by
Categories: British growth crisis, Economics, Finance, Global crisis, Social science, SPERI Comment, Welfare | Tags: , , | Leave a comment

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