Category archives for SPERI Comment

The power relations of debt: care and resistance

Daniela and Johnna

Rethinking debt and how it is ‘cared for’ reveals its gendered, classed and racialised nature We believe there is an urgent need to conceptualise and theorise the ‘care’ of debt and how it is ‘cared for’. Rethinking debt in these terms reveals the power relations that underpin its and its gendered, classed and racialised nature. Nancy Fraser reminds us of … Continue reading

18 July 2017 by
Categories: SPERI Comment | Tags: , , , | Leave a comment

Has neoliberalism gone too far? And if so, where do we go from here?

To replace neoliberalism we need a renewal of liberal capitalism combined with a renewal of democracy Neoliberalism has gone too far: it has undermined democratic capitalism – by which I mean both liberal capitalism and liberal democracy. We are experiencing the backlash today in the rise of populism, reflective of citizen discontent. The question is: what will replace neoliberalism? Where … Continue reading

17 July 2017 by
Categories: SPERI Comment | Leave a comment

The future history of Donald Trump

Jamie Morgan

The concerns and conflict that are already central to the Trump presidency will be key to understanding Trump as future history The Trump presidency is still in its first year. It has barely begun, but already the possibility that we are entering one of history’s defining moments looks increasingly likely. Trump is future history, and yet we still know relatively … Continue reading

13 July 2017 by
Categories: SPERI Comment | Tags: , | Leave a comment

Understanding foreign relations between India and Iran

Rick Rowden

The India-Iran relationship is often ignored yet it provides insights into shifting geostrategic relationships within Asia The West tends to view India and Iran one at a time, each in isolation. But what about India-Iran foreign relations? The often-overlooked bilateral relations between India and Iran are not only fascinating, but provide a prism by which to view and understand a … Continue reading

12 July 2017 by
Categories: SPERI Comment | Tags: , , , , , , , , , , , | Leave a comment

Is China’s Belt and Road Initiative dividing Europe?

China’s grand geopolitical project threatens a new East-West divide in Europe The recent Belt and Road Forum in Beijing ushered in a new phase in China’s global repositioning. In his opening speech China’s president, Xi Jinping, reaffirmed the importance of the Belt and Road Initiative (BRI), a massive investment project launched in 2013 to dramatically expand land and sea trade across Asia and beyond. At … Continue reading

11 July 2017 by
Categories: SPERI Comment | Tags: , , , , , , , , | Leave a comment

Learning from China’s success? Europe in the 21st century global economy

Europe can learn lessons from China’s development and should agree a new common approach on trade Following the election of President Trump on an ‘America First’ and anti-globalisation platform the debate about the future of international trade and international competition policy became a hot political issue. Some commentators had hoped that the issue might disappear from the front pages after … Continue reading

7 July 2017 by
Categories: SPERI Comment | Tags: , , , , , , , , , , , , , , | Leave a comment

How to fund a state development bank: a two-stage proposal

Our proposal shows how to fund a new state bank that would harness the money creation power of the Bank of England for the public good Industrial policy is back on the agenda in UK politics. Central to the policy debates is the idea of a state bank that can underpin the broad objectives of industrial strategy.  Indeed, the global … Continue reading

6 July 2017 by
Categories: SPERI Comment | Tags: , , , , , , | Leave a comment

The proletariat problem: general election 2017 and the class politics of Theresa May and Jeremy Corbyn

Craig Berry

The election continued the swing of working-class voters to the Conservative Party – but also the more important trend of working-class disengagement from politics. Can Labour respond without succumbing to populism? The general election was peculiar for a large number of reasons. One of those reasons, relatively overlooked to date, is that – amid some stunning victories in affluent areas … Continue reading

5 July 2017 by
Categories: SPERI Comment | Tags: , , , , , , , , , , , | Leave a comment

Between a rock and a hard place: Trade negotiations post-Brexit and post-election

Future negotiations about service trade liberalisation will present significant difficulties for the UK – whoever is in power One year after the United Kingdom (UK)’s Brexit referendum, divorce talks with the European Union (EU) have begun. On the first day of negotiations on 19 June, the British Secretary of State for Exiting the European Union, David Davis, and the European … Continue reading

4 July 2017 by
Categories: SPERI Comment | Tags: , , , , , , , , , | Leave a comment

Unfinished business: reforming the Economic and Monetary Union

Peter Verovsek

Europe’s citizens must put pressure on their leaders to reform the Eurozone – before the next crisis hits The crisis of the Eurozone, which began in 2010, was part of a global economic downturn. Its effects were felt across Europe but had the biggest impact among the member-states of the European Union (EU) that share the Euro.  This was due … Continue reading

3 July 2017 by
Categories: SPERI Comment | Tags: , , | Leave a comment

Brexit blues: the election, austerity and leaving the EU

Andrew Gamble

The election will have profound consequences for Brexit, in a transformed political climate where the initiative has been handed to Labour What a difference an election makes. Two months ago Theresa May reversed her previous insistence that there would be no early election and called one.  She was twenty points ahead in the polls, her approval rating was plus 10 … Continue reading

29 June 2017 by
Categories: SPERI Comment | Tags: , , | Leave a comment

How foreign acquisitions lower the debt level of domestic firms

Georgios Efthyvoulou

 New research suggests foreign investment opportunities benefit domestic firms and should be welcomed by national governments The impact of foreign ownership on firm performance has been at the forefront of the international business and finance literature for several decades.  However, the impact of foreign ownership on acquired firms’ debt levels is less well known.  Our new research sheds lights on … Continue reading

28 June 2017 by
Categories: SPERI Comment | Tags: , , , , , | Leave a comment

Financializing town halls: Local councils, LOBO loans and the derivatives markets

Sebastian Moller

LOBO loans and other derivative products connect local authorities with global finance and indicate a new management of municipal debt Despite common perceptions of municipal finance being a boring and technical issue, local council borrowing practices in the UK (and elsewhere) have been transformed to bring town halls much closer to global financial market dynamics.  Here, as in many other … Continue reading

26 June 2017 by
Categories: SPERI Comment | Tags: , , | Leave a comment

The EU a year after the UK referendum: new momentum and optimism?

Simon Bulmer

With the EU issue in the UK far from settled, reports of the demise of the EU and the Eurozone have been greatly exaggerated It is now exactly 12 months since the British people voted to leave the European Union and this week Brexit negotiations finally started.  While Theresa May’s minority government seeks to sort out its negotiating strategy on … Continue reading

23 June 2017 by
Categories: SPERI Comment | Tags: , , , , , , , , | Leave a comment

The split in neoliberalism on Brexit and the EU

Protectionist or pragmatic? Leave or Remain? A year ago neoliberals were divided on Brexit but now they are united The European Union (EU) has often been accused of being a neoliberal hegemon, imposing its will upon struggling peripheral economies such as Greece and Spain.  The EU’s supposed disposition towards neoliberalism was often used in the case made by supporters of … Continue reading

22 June 2017 by
Categories: SPERI Comment | Tags: , , , , | Leave a comment

General election 2017 and the incompleteness of industrial strategy

Craig Berry

Industrial strategy is the Achilles heel of British economic statecraft, but the radical approaches promised by both the Conservatives and Labour fall short of a transformative agenda When Theresa May suggested that economic growth would be pursued much more inclusively under her premiership than under David Cameron and George Osborne, a renewed focus on industrial strategy was offered as a … Continue reading

21 June 2017 by
Categories: SPERI Comment | Tags: , , , , , , , , | 1 comment

EU mortgage reforms and the shifting power of civil society and the financial industry

Analysis of new EU mortgage reforms shows how civil society groups were able to translate their key goals into policy and counters the financial industry ‘capture’ narrative Since the global financial crisis of 2008, the European Commission has brought forward more than forty measures to reform its financial architecture in response to the crisis.  The EU’s reforms have significantly altered … Continue reading

19 June 2017 by
Categories: SPERI Comment | Tags: , , | Leave a comment

The deep politics and (non) economics of the DUP

Andrew Baker

Fortuitous electoral circumstances have propelled the DUP onto a national stage, but understanding the party requires an appreciation of deeper structural patterns The 2017 general election result has cast Northern Ireland’s Democratic Unionist Party (DUP) in the role of Westminster power brokers with a supply and confidence agreement between them and the Conservative Party on the horizon.  Many things have … Continue reading

16 June 2017 by
Categories: SPERI Comment | Tags: , | Leave a comment

General election 2017 and the insidiousness of austerity politics

Craig Berry

The Corbyn ‘surge’ denied the May government the majority it took for granted – but the implication that austerity in the UK is over is far from clear There is little doubt that austerity has been dented by the outcome of the 2017 general election. But the notion that Theresa May’s failure to win a majority for the Conservative Party, … Continue reading

15 June 2017 by
Categories: SPERI Comment | Tags: , , , , , | 1 comment

Negotiating the impossible? Brexit after the election

Simon Bulmer

Multiple scenarios now exist for the imminent Brexit negotiations. An informed deliberation over the options must be the immediate way forward The June 2017 general election has proved to be a seismic event, like the EU referendum just under a year earlier.  Called by Prime Minister May in order to strengthen her negotiating hand in the Brexit negotiations, it has … Continue reading

14 June 2017 by
Categories: SPERI Comment | Tags: , | Leave a comment

← Older posts

Newer posts →