News

Researching uncertainty & Revisiting the developmental state – new SPERI Comment blog series launched

This week we are launching two new SPERI Comment blog series.

Revisiting the developmental state

The first series, co-ordinated by Matt Bishop and Tony Payne, will explore the developmental state, a concept that first emerged in political economy debates in the early 1980s. In their introductory blog, Matt and Tony argue that it is time for fresh thinking about developmental states and to open up a new debate about the potential gains offered by this longstanding and core concept in the study of the political economy of development.

The series will feature contributions from David Booth, Shaun Breslin, Courtney Lindsay, Valbona Muzaka, Ziya Öniş, Kunal Sen and Henry Wai-chung Yeung.

Researching uncertainty

Craig BerryThe second series, co-ordinated by Craig Berry, will explore uncertainty and the business of predicting the future in political research.

In his new blog to begin the series Craig Berry sets out why political economists should embrace uncertainty as a key foundation of inquiry. He argues that ‘the point of understanding uncertainty is not to further enhance our power to predict the future, but rather to more comprehensively understand the present. Unless we are able to produce new, and better, knowledge about uncertainty, we will remain in the dark.’

The series will feature contributions from Glen O’Hara, Helen Thompson, Paul Krishnamurty and Muhammad Ali Nasir amongst others.

Both series will run on the SPERI Comment blog over the coming weeks.

If you would like to write for the SPERI Comment blog please take a look at our blog guidelines and contact our blog editor Tom Hunt

27 September 2017 by
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Tackling Insecure Work: political actions from around the world –new SPERI report for GMB

Tackling Insecure Work: political actions from around the world’ a new report by SPERI for the GMB trade union has been published today (September 25th)

The new report by Tom Hunt and Sean McDaniel sets out a range of examples of how and where political action is being taken around the world to tackle different forms of insecure work and improve job security.

It highlights new legislation, campaigns and partnerships that seek to protect and enhance workers’ rights and to restrict and challenge insecure forms of work.

Download the report: Tackling Insecure Work: political actions from around the world

Tom Hunt, Policy Research Officer for SPERI and co-author of the report:

“Around the world, from Germany to New Zealand, politicians from across the political spectrum have taken steps to tackle insecure forms of work. Ultimately the UK will require its own responses but these international examples all point to key questions and lessons that workers, policymakers, trade unions, and other institutions in the UK can draw upon.”

The report, which includes a foreword by Tim Roache, General Secretary of GMB, focuses on ten areas around the world where actions are being taken to improve job security.

  • Zero and short hour contracts
  • ‘Just-in-time’ scheduling
  • Fixed-term temporary contracts
  • Temporary agency work
  • Strategic employee sharing
  • Unpaid overtime
  • Protections for self-employed freelance workers
  • Improving pay and conditions on online platforms
  • Portable benefit schemes
  • Organising to support self-employed workers

The report looks at actions being taken by national government and at city and regional level, in traditional sectors and in the gig economy, and to support freelance self-employed workers as well as part-time and full-time workers. It concludes by putting forward five key points that could help shape future efforts to tackle insecure work in the UK.

25 September 2017 by
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‘For the many not the few’: SPERI annual lecture to be delivered by Stephanie Flanders

Leading economics journalist Stephanie Flanders will deliver the 2017 SPERI Annual Lecture at the University of Sheffield tomorrow (Tuesday 26 September 2017).

Her talk, ‘For the many not the few’: do we know how to deliver inclusive growth?,’ will be delivered to a sold-out audience in Firth Hall. The lecture will also be streamed live on Facebook from 6pm at: https://www.facebook.com/theuniversityofsheffield/videos/10155511741250259/

The prestigious SPERI Annual Lecture has previously been delivered by former Labour leader Ed Miliband, ITV News Political Editor Robert Peston, Guardian journalist George Monbiot, Lord Robert Skidelsky and, most recently in November 2016, the Scottish First Minister, Nicola Sturgeon.

Dr Craig Berry, Deputy Director of SPERI:

“Stephanie Flanders is one of Britain’s most high-profile and distinguished economic journalists. The worlds of finance and big business often seem remote to most people but Stephanie is an expert at communicating economic news and connecting it to everyday life.

“We are delighted to welcome her to the University of Sheffield to deliver the SPERI Annual Lecture. As we head towards post-Brexit Britain it is clear that a more inclusive form of growth is urgently needed, as such her lecture could not be more timely and relevant.”

Stephanie FlandersStephanie Flanders was the BBC Economics Editor from 2008 to 2013, where her analysis and on-air commentary were widely respected and broadcast around the world.

Prior to joining the BBC in 2002, she worked as a reporter at the New York Times and a speechwriter and senior advisor to US Treasury Secretaries Robert Rubin and Lawrence Summers in the second Clinton Administration, when she was closely involved in the management of the 1997-8 emerging market financial crises.

She has also been a Financial Times leader-writer and columnist, and an economist at the Institute for Fiscal Studies and the London Business School. She was a scholar at Balliol College, University of Oxford, where she obtained a first class degree, and attended Harvard University as a Kennedy Scholar at the Kennedy School of Government.

In 2013 she became Chief Market Strategist for the UK and Europe for J.P. Morgan Asset Management where she delivered insight into the economy and financial markets to thousands of professional investors across the UK, Europe and globally.

She was also the chair of the independent RSA Inclusive Growth Commission launched in 2016 which investigated how local economies can drive growth, productivity and prosperity through greater economic inclusivity.

In October 2017 Stephanie will return to journalism when she leaves J.P. Morgan to lead a new economics desk at Bloomberg in New York.

Her talk will be followed by a Q&A session. Follow the debate on twitter through the #SPERIFlanders hashtag.

25 September 2017 by
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How to localise pension investment and support local economies – new SPERI research project

People throughout the UK create a large amount of investable capital through saving for a pension. Yet this capital is rarely retained in the areas they live and work in. SPERI is embarking on a major new research project funded by the Barrow Cadbury Trust which will examine localising pension investments.

The project, led by Dr Craig Berry, will assess the potential for new ways to be found in which pension capital, from both private and public sector pensions funds, could be retained locally and used to increase sustainable, long-term investment.

Through stakeholder engagement and analysis of current pension fund investments, the project will develop proposals for new platforms to enable greater localisation of pension fund investments, and associated regulatory frameworks. It will explore key questions such as:

  • Where are the current and potential investment opportunities in local economies for pensions funds?
  • What are the barriers to pension funds investing locally?
  • What changes could local policymakers and businesses make to localise more pension investments?

In the first phase of the project a series of private workshops will be held in London, Birmingham, Manchester and Sheffield in autumn 2017. Each session will explore new ideas for localising investments and focus on the challenges and opportunities in each city region. Participants will include stakeholders from pension funds, councils and city region organisations, national and local businesses, universities as well as expert representatives from the finance and pension industries.

Dr Craig Berry, Deputy Director of SPERI, has extensive experience of working in the field of pensions policy, including as a pensions policy advisor at HM Treasury, Head of Policy and Senior Researcher at the International Longevity Centre-UK and at the Trades Union Congress where he was Pensions Policy Officer.  The project will also involve Tom Hunt, Policy Research Office at SPERI, and Adam Barber, doctoral researcher at SPERI.

For further information about the project please contact Dr Craig Berry – craig.berry@sheffield.ac.uk

14 September 2017 by
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New book on ‘depoliticization’ featuring SPERI researchers

We are pleased to report that Anti-politics, Depoliticization and Governance – edited by SPERI director Colin Hay, with Paul Fawcett, Matthew Flinders and Matthew Wood will be published by Oxford University Press on 7 September 2017.

The book examines the relationship between moves towards depoliticization and the apparent rise of political disaffection within broader governance process. It brings together a number of contributions from scholars who have a varied range of concerns but who nevertheless share a common interest in developing the concept of depoliticization through their engagement with a set of theoretical, conceptual, methodological, and empirical questions.

SPERI’s deputy director Craig Berry and research fellow Scott Lavery also feature in the book, with their co-authored chapter ‘Towards a Political Economy of Depoliticization Strategies: Help to Buy, the Office for Budget Responsibility, and the UK Growth Model’. Berry and Lavery examine macroeconomic policy-making in post-crisis Britain in order to demonstrate the ways in which depoliticization strategies are embedded within distinctively capitalist forms of social organization.

Click here for more information about the book and to purchase a copy.

 

7 September 2017 by
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Official launch of the PSA political economy group in Cambridge

SPERI is delighted to report that the Political Studies Association’s British and Comparative Political Economy Specialist Group will be formally launched in September. The group is convened by SPERI’s deputy director Craig Berry, and honorary fellow Jeremy Green.

The group will hold its inaugural workshop at the University of Cambridge on Wednesday 13th September. More information about the workshop, which is co-convened by Craig, Jeremy and SPERI research fellow Scott Lavery, can be found here: https://www.psa.ac.uk/psa-communities/specialist-groups/british-and-comparative-political-economy/events.

On the evening of the 13th (6pm), the group will host a large, interactive public event in Cambridge’s Webb Library, titled Politics in Uncertain Times: What Will the World Look Like in 2050, and How Do You Know?  The event will feature a fantastic panel, including political economist Helen Thompson, pollster and academic Joel Faulkner Rogers, historian Glen O’Hara and political betting expert Paul Krishnamurty.

The panel will discuss future trajectories of political and economic change, as we try to make sense of where this period of ‘great uncertainty’ is heading. Questions the event will consider include:

  • Considering the surprise by which many events have taken society, should we attempt to be predictive and anticipatory when conducting political and economic analysis? Or, is the world so inherently unpredictable that we should avoid taking part in such activity?
  • How much does the weight of history hang over future trajectories of political and economic change? Has the study of the future become too detached from the study of history?
  • What impact are political and economic changes going to have on future generations? How will the young of today shape these changes?

For more information and to register for the public event, visit: https://www.eventbrite.co.uk/e/politics-in-uncertain-times-what-will-the-world-look-like-in-2050-tickets-35532302072.

18 August 2017 by
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The declining salience of ‘saving’ in British politics | New SPERI brief

A new report published today by SPERI finds that the salience of the concept of ‘savings’ in British political discourse appears to have declined.  In this new SPERI British Political Econony Brief, Craig Berry explores how savers and the saving process have been discussed in the election manifestos of the Conservative Party and the Labour Party since 2005, up to the most recent election in June 2017. Noting recent shifts, the Brief considers whether the era of ‘asset-based welfare’ in British statecraft is coming to an end.

Dr Craig Berry, SPERI deputy director and author of the report, said the positive discourse on saving, which was most strongly promoted by Labour in 2010 and the Conservative Party in 2015, has now largely disappeared. He added:

It is telling that both parties were in government rather than opposition at the time, insofar as this suggests that ‘asset-based welfare’ is an endemic feature of British economic statecraft, irrespective of which party is in government, and irrespective of what parties say while in opposition. But the 2017 general election appears to have signalled a significant shift.

 

Whereas Ed Miliband’s 2015 agenda can now be seen as an important ‘gateway’ between New Labour and Corbynism, the shift in Conservative discourse has been more abrupt. However, we should be careful before declaring the onset of a new era in economic statecraft around saving; neither party won a majority at the 2017 election. It is possible that both parties – particularly the Conservatives – will revive a positive discourse around saving in order to reassemble a compelling electoral offer. Asset-based welfare is down, but not necessarily out.

The full publication can be downloaded here. Through its series of British Political Economy Briefs, SPERI hopes to draw upon the expertise of its academic researchers to influence the debate in the UK on sustainable economic recovery.

1 August 2017 by
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Tony Payne stands down as SPERI Director

Today is Tony Payne’s final day as Co-Director of SPERI. He is retiring from this position, but will retain an ongoing role in SPERI in the future as a Professorial Fellow. Tony was the founding Co-Director of SPERI with Colin Hay and has led SPERI with Colin since we were established in 2012.

In his new Professorial Fellow role Tony will be continuing to research and write for SPERI, especially on the changing nature of development. He will continue to lead our research programme on ‘Development and the Governance of a Globalising Political Economy’, working jointly with Matt Bishop.

Earlier this month we marked SPERI’s fifth anniversary. We have achieved a lot over the last five years and none of it would have been possible without Tony’s leadership, drive and support. As we look ahead to our next five years, we already have an extensive and exciting research agenda underway and we are all looking forward to continuing to work with Tony.

Thanks for everything Tony!

31 July 2017 by
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New Pivot Book: The Political Economy of Britain in Crisis

The Eighth Pivot book in the ‘Building a Sustainable Political Economy‘ series has been published.

Researched and written by Christopher Kirkland, this book explores two recent crises in British political economy: the crisis of 1976–9, for which the trade unions were impugned, and the 2007 economic crisis, for which bankers were (at least initially) blamed. The author argues that the “crisis resolution” of the former – principally the Thatcherite reforms of the 1980s – led to the emergence of the banking crisis. Further, Kirkland demonstrates how narratives of blame have emerged and were used in both instances to promote specific agendas. Narrations of blame and crises were used to curb the trade union powers in the 1980s, whilst the 2007 crisis was quickly reframed as one of excessive government spending, which in turn has led to policies of austerity.

The book can be purchased via Palgrave.

20 July 2017 by
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SPERI celebrates its fifth anniversary at the Bank of England

SPERI was delighted to celebrate its fifth anniversary yesterday (Wednesday 12 July 2017) with an event and reception at the Bank of England.

The Sheffield Political Economy Research Institute (SPERI) was launched at the University of Sheffield in 2012 to research the political and economic issues posed by the global financial crisis. Since then, we have published a huge number of reports, papers and briefings, providing a valuable insight into key events in the economic and political sphere.

Andy Haldane, Chief Economist at the Bank of England

Andrew Haldane, University of Sheffield alumnus and Chief Economist at the Bank of England, hosted last night’s celebration event and delivered a keynote speech, while President and Vice Chancellor of the University of Sheffield, Professor Sir Keith Burnett, chaired.

Other speakers included Dawn Foster, a regular political contributor to the Guardian, the London Review of Books and the Independent; Gavin Kelly, Chief Executive of The Resolution Trust; and Vivien Schmidt, Professor of International Relations and Political Science at Boston University and Chair of SPERI’s International Advisory Board.

A panel discussion followed the talks, in which the audience was invited to participate. Topics of discussion included sustainable economic growth, climate change, growing inequality and global shifts in power.

Professor Tony Payne, Co-Director of SPERI, talked about SPERI’s work over the past five years. After the event, he said:

“SPERI was set up by the Vice-Chancellor five years ago to create a new space to research the many consequences of the global financial crisis and to address some of the huge economic and political challenges that resulted. We have worked hard and achieved a lot, producing many papers, reports, briefs and books and posting a regular blog called ‘SPERI Comment’. We are now working to identify the big political economy questions that will shape our work over the next five years. The insights offered by the speakers and the members of the audience at the panel discussion will help enormously in this respect.”

13 July 2017 by
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Laying the Foundations – the first major report from the Industrial Strategy Commission

Laying the FoundationsThe Industrial Strategy Commission has today published its first major report, Laying the Foundations. The report outlines the key foundations for a successful long-term industrial strategy.

The Commission, an independent, authoritative inquiry into the development of a new, long-term industrial strategy for the UK, has been established jointly by SPERI and Policy@Manchester and is chaired by Dame Kate Barker. Dr Craig Berry, Deputy Director of SPERI, and Professor Richard Jones, SPERI Associate Fellow and Professor of Physics, are members of the Commission team. Tom Hunt, Policy Research Officer at SPERI, manages the Commission’s work.

READ THE REPORT: Laying the Foundations

Laying the Foundations argues that  UK has a compelling need to introduce a framework for strategic economic management – and needs an industrial strategy with a positive vision for our future. The report also outlines the serious and longstanding weaknesses and challenges affecting the UK economy – and the significant opportunities.

Dr Craig Berry, Deputy Director of SPERI:

“With the right foundations and a positive vision industrial strategy offers the potential to create huge wealth and greater prosperity and achieve outcomes that will benefit current and future generations. For this to be possible our first and most important conclusion is that the UK needs a new institutional framework that can deliver a new strategy. Fresh thinking is also needed about the importance of place, how public interventions should be assessed, the funding of research and development, how to increase investment throughout the economy and the role of the government in procurement.”

Dame Kate Barker, Chair of the Industrial Strategy Commission:

“Summer 2017 is a critical moment for the UK economy. The recent election has resulted in political fragility against a backdrop of growing economic concerns following the EU referendum. Now more than ever we need long-term strategic economic management to enable the UK to respond to current challenges and invest in our people, places and industries to achieve greater future prosperity. This is what industrial strategy is and how it should be thought about by the government as it prepares its new strategy. This will only be successful if it has the correct foundations and offers a positive vision for our country’s future. This report sets out how that can be achieved.”

Find out more about the Industrial Strategy Commission here.

Key points from Laying the Foundations:

  • As it prepares a new strategy, the government must think about industrial strategy as strategic economic management. It involves the long-term co-ordination of all interactions between public and private sectors. It should become the organising framework for UK supply-side economic policy.
  • Industrial strategy is not about the government handing out money to chosen businesses or sectors. The state’s role is to create the conditions for long-term investments in productive and innovative business activity, ensuring the economy is geared towards meeting key national challenges.
  • The Commission has identified seven themes that the Government must ensure are the foundations of a new industrial strategy.
  • The foundations are: a long-term set of institutions to determine, implement and monitor a new strategy; recognition of the importance of place and the need to increase growth and productivity everywhere; a joined-up approach to science, research and innovation; a strong competition regime; an increased investment rate; a comprehensive effort to improve skills, and effective use of the state’s purchasing and regulating power.
  • The new strategy must be informed by a positive vision of a future destination for the UK. This can be achieved by reframing the challenges the country faces as strategic goals to be met. These goals are: decarbonisation of the energy economy; ensuring adequate investment in infrastructure; developing a sustainable health and social care system; unlocking long-term investment; supporting high-value industries in building export capacity, and enabling growth in all parts of the UK.

Follow the Commission on twitter @IndStrategyComm and sign up to receive updates about the Commission by email here.

10 July 2017 by
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Professor Martin Jones appointed Honorary Research Fellow at SPERI

Martin JonesWe are very pleased to announce that Professor Martin Jones has become an Honorary Research Fellow of SPERI.

In May 2017 Martin left the University of Sheffield to become Deputy Vice Chancellor, Professor of Human Geography, and Co-Director of the Centre for City-Region Dynamics at Staffordshire University. We are very pleased that Martin will remain officially attached to SPERI and we look forward to continuing to work with him.

At the University of Sheffield Martin was Director of the White Rose Social Science Doctoral Training Centre (WRDTC) and Professor of Urban and Regional Political Economy. Prior to coming to Sheffield, Martin spent 15 years at the University of Aberystwyth where he was Pro Vice-Chancellor and Co-Director of the Wales Institute of Social and Economic Research, Data and Methods (WISERD). Martin is a Fellow of the Royal Society of Arts and Fellow of the Academy of Social Sciences, originator and co-editor of the journal Territory, Politics, Governance, and the author or editor of 10 books and over 150 publications.​ Martin’s current research, funded by the ESRC, is interested in the geographies of state intervention and civil society through localism and city-region building in Sheffield, Manchester, Swansea, Cardiff, and Stoke-on-Trent.

6 July 2017 by
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Hungry Britain: the rise of food charity | New book by Hannah Lambie-Mumford

A new book by SPERI Research Fellow Hannah Lambie-Mumford is published today by Policy Press. Hungry Britain: the rise of food charity draws on empirical research with the UK’s two largest charitable food organisations and explores the prolific rise of food charity over the last 15 years and its implications for overcoming food insecurity.

As the welfare state withdraws, leaving food banks to protect the most vulnerable, Hannah Lambie-Mumford questions the sustainability of this system and asks where responsibility lies – in practice and in theory – for ensuring everyone can realise their human right to food.

The book argues that effective, policy-driven solutions require a clear rights-based framework, which enables a range of actors including the state, charities and the food industry to work together towards, and be held accountable for, the progressive realisation of the right to food for all in the UK.

The book is available to purchase from Policy Press.

5 July 2017 by
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SPERI granted observer membership of the Foundation for European Progressive Studies (FEPS)

We are very pleased to report that SPERI has been granted observer membership of the Foundation for European Progressive Studies (FEPS).

SPERI is currently working with FEPS on two research projects:

The observer status confirms the importance of our partnership and we hope that it will develop into an ongoing programme of research collaboration between our two institutes.

3 July 2017 by
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Scott Lavery secures prestigious Leverhulme Early Career Fellowship Award

We are delighted to announce that Dr Scott Lavery has recently been awarded a prestigious Leverhulme Early Career Fellowship award which he will undertake at SPERI.

The award, which runs from January 2018 to December 2020, will allow Scott to pursue an independent research project entitled Capitalising on the European Crisis: New Geographies of Economic Power in the EU.

The project will uncover the ways in which sub-national actors within EU member states’ financial and industrial sectors differentially benefit from the contemporary dysfunctions of European capitalism.

The project will form a core element of SPERI’s ‘European Capitalism and the Crises of the EU’ research programme which Scott co-leads with Dr Owen Parker.

For information on the project, you can contact Scott on: scott.lavery@sheffield.ac.uk

28 June 2017 by
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Registration open for SPERI annual lecture by Stephanie Flanders

Stephanie FlandersWe are delighted to welcome Stephanie Flanders to deliver the 2017 SPERI annual lecture. Her talk is entitled ”For the many not the few’: do we know how to deliver inclusive growth?’.

The event will take place at 18.00 on Tuesday 26 September 2017 in Firth Hall, University of Sheffield.

Book your place via eventbrite here.

Stephanie was the former BBC Economics Editor from 2008 to 2013, where her analysis and on-air commentary were widely respected and broadcast around the world. In this role she also hosted her own economics discussion show, ‘Stephanomics’, named after her influential blog.

Prior to joining the BBC in 2002, she worked as a reporter at the New York Times and a speechwriter and senior advisor to US Treasury Secretaries Robert Rubin and Lawrence Summers in the second Clinton Administration, when she was closely involved in the management of the 1997-8 emerging market financial crises. She has also been a Financial Times leader-writer and columnist, and an economist at the Institute for Fiscal Studies and the London Business School. She was a scholar at Balliol College, University of Oxford, where she obtained a first class degree, and attended Harvard University as a Kennedy Scholar at the Kennedy School of Government.

In 2013 she became Chief Market Strategist for the UK and Europe for J.P. Morgan Asset Management where she delivered insight into the economy and financial markets to thousands of professional investors across the UK, Europe and globally.

She was also the chair of the independent RSA Inclusive Growth Commission launched in 2016 which investigated how local economies can drive growth, productivity and prosperity through greater economic inclusivity.

From October 2017 Stephanie will return to journalism as she will leave J.P. Morgan to lead a new economics desk at Bloomberg in New York.

Her talk will be followed by a Q&A session.

27 June 2017 by
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Sean McDaniel to join SPERI to work on ‘economic justice’

Sean McDanielSean McDaniel will join SPERI from 1 July as part of our support for the Commission on Economic Justice established by the Institute for Public Policy Research (IPPR).

The Commission was set up to rethink economic policy for post-Brexit Britain. This agenda has long been at the heart of SPERI’s mission, and Sean’s existing research on social democratic politics across Europe – and, increasingly, the implications of Brexit for political economy – mean that he is well-placed to make an important to contribution to the Commission’s work.

Sean’s research will explore several aspects of the contemporary UK political economy around which SPERI’s work for the Commission will focus:

(a) Ownership of firms and organizational types
(b) Combining paid and unpaid work, and closing gender, class and ethnic minority gaps
(c) The subnational settlement: institutions, policies and fiscal powers
(d) Developing the local community-based economy
(e) Fiscal, monetary, infrastructure and trade policy frameworks
(f) Measuring and understanding the economy
(g) Taxation: share of GDP and progressivity of the tax system

This is an exciting and very valuable agenda to which SPERI is very pleased to contribute.

20 June 2017 by
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SPERI joins the debate at the OECD Forum in Paris

SPERI researchers attended the OECD Forum in Paris on Tuesday 5th June to debate and discuss our work on inclusive growth.

The OECD Forum is a major international conference held in Paris each year at the OECD’s headquarters. Representatives from government, business, civil society and academia from across the OECD’s 35 member countries and around the world come together to debate the most pressing global social, political and economic issues.

Colin HaySPERI Co-Director Colin Hay was one of 8 panellists in a main plenary session at the Forum that discussed inclusive growth and globalisation.

Watch the video of the discussion at http://ocde.streamakaci.com/062017/ (It runs between 16.45 and 18.15).

The session was chaired by Thomas Bernt Henriksen, Swedish economics editor and commentator, and alongside Colin the panel included:

  • Gabriela Ramos, Chief of Staff, G20 Sherpa & Special Counsellor to the Secretary-General
  • Tim Costello, Chief Advocate, World Vision Australia
  • Hans Dahlgren, State Secretary, Office of the Prime Minister Sweden
  • Lizette Risgaard, President, Danish Confederation of Trade Unions (LO) Trade Union Advisory Committee (TUAC)
  • Alfredo Thorne Vetter, Minister of Economy and Finance, Peru
  • Rodrigo Valdés, Minister of Finance, Ministry of Finance, Chile

Inclusive growth is high on the agenda of the OECD and was a major theme at the Forum. Each panellist gave their perspective on inclusive growth stressing the importance of defining precisely what we mean by inclusive growth. The discussion covered issues such as the importance for the public and private sector to work together, whether the GINI coefficient is a useful metric to measure inclusive growth and how to redistribute wealth more equitably.

Read Colin Hay’s recent SPERI blog on why inclusive growth is the challenge of our time.

Craig Berry, SPERI’s Deputy Director, and Tom Hunt, SPERI’s Policy Research Officer, also attended the Forum. At the Forum Colin, Craig and Tom met with the teams in charge of the OECD’s work on inclusive growth and the New Approaches to Economic Challenges (NAEC) initiative. They discussed future research collaboration between SPERI and OECD on inclusive growth and further collaboration between the OECD, the All-Party Parliamentary Group on Inclusive Growth and SPERI. SPERI is the research partner of the APPG on Inclusive Growth. Read the APPG-SPERI publication ‘The state of the debate’ here.

7 June 2017 by
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The New Political Economy of Oil

SPERI is delighted to report two new publications that explore in different formats the changing political economy of oil and the place that oil now occupies in the economic and political predicaments that confront the West.  Both are authored by Helen Thompson, Professor of Politics and International Studies at the University of Cambridge and an Honorary Research Fellow of SPERI.

The first publication consists of a new book published by Helen in SPERI’s Palgrave Pivot series entitled ‘Building a Sustainable Political Economy; SPERI Research and Policy‘.  The book is called Oil and the Western Economic Crisis and is now available in e-form at http://www.palgrave.com/gb/book/9783319525082.

The second publication consists of a SPERI Global Political Economy Brief entitled ‘Oil: The Missing Story of the West’s Economic and Geopolitical Crises‘ in which Helen summarises the core features of her new research in a format that is quick and easy to digest.

Global Political Economy Brief No. 9 is available to download here.

1 June 2017 by
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SPERI at the European Parliament

Charlie Dannreuther, Claire Pickerden, Tom Hunt, Owen Parker, Lucia Quaglia, Scott Lavery and Craig Berry

SPERI held the fourth of a workshop series on Brexit (funded by the White Rose Consortium) at the European Parliament in Brussels. The event, entitled ‘Regions, Cities and the EU after Brexit: Towards a ‘multi speed’ Europe?’, included leading academics and practitioners from the UK and the EU with notable contributions by Professor Jan Zielonka from the University of Oxford, author of Is the EU doomed?, and Linda McAvan MEP.   The event was focused around the European Commission’s recent White Paper ‘The Future of Europe’ which examined five possible futures for the European Union.

Scott Lavery, SPERI Research Fellow, opened the worshop by introducing some of the findings of the research undertaken by SPERI. Professor Jan Zielonka followed Scott giving his perspective on the pitfalls associated with EU integration, arguing that the European institutions have yet to change structure since their inception. He argued that the current model of integration has been broken by rising Euroscepticism and that the only way for the EU to rejuvenate itself is to refocus integration around cities and regions.  Professor Zielonka emphasised networks between regions and cities as the new mode of integration, arguing that Europe would be more connected, not less, as a result.

Dr Owen Parker, Associate Fellow of SPERI and a former Commission employee in DG Enlargement, then led the debate, asking as to the feasibility of Jan Zielonka’s ideas of new networks actually being established.

Linda McAvan MEP responded, claiming that nation states still have a lot of power and still hold important responsibilities such as defence. She also questioned who would govern the networks that Professor Zielonka had been referring to. She argues that politics was still needed to solve issues at the European level.

Dr Ania Skrzypek from the Foundation for European Progressive Studies, a centre-left think tank based in Brussels, brought a new angle into the debate, emphasising that it has been the failure of the EU to properly relate to the voters that has given rise to Euroscepticism. She claimed that it is the rise in less secure jobs and the failure of social democratic parties to properly address this issue that has mostly contributed to the need for reform in Europe.

SPERI’s latest Paper, The Political Economy of Brexit and the UK’s National Business Model, is available to download here.

1 June 2017 by
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