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This paper addresses the generation of rents and the distribution of gains in the global operations of governed Global Value Chains (GVCs) and seeks to provide an architecture for analyzing the governance of GVCs. It distinguishes between four sets of rent—gifts of nature; innovation rents; exogenously defined rents; and market power—and three spheres of governance—setting the rules -“legislative governance”; implementing the rules -“executive governance”; and monitoring rules and sanctioning malfeasance -“judicial governance.” The exercise of governance power in
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While some semi-peripheral countries have seen renewable energies as an opportunity to build their industrial and technological capacities, core countries and global governance organizations have been promoting “green growth.” Since the 2008 global financial crisis, global warming has been used as a catalyst for big business. As the global economy may be entering the first stage of a “green” technology revolution, neo-Schumpeterian economists have regained visibility.
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Although Karl Polanyi is best known for his theorization of market regulation and the double movement, democratizing the economic was one of his core concerns. He believed societies need to bring labor, land, and money under collective oversight to displace the logic of market fundamentalism with the logic of human needs. In this article, the author draws on Polanyi’s vocabulary to shed light on the denial of money politics and the possibility of democratization.
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Research suggests that some communities are more resilient than others in the face of the same external stress. Both the local effects of and local responses to the 2008 financial collapse and economic recession have been geographically variegated. Drawing upon two case studies in the Metropolitan Region of Barcelona (Spain), this paper aims to understand why some historically deprived neighborhoods are proving more resilient than others in facing the effects of the Great Recession.
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From Systems Thinking to Systemic Action: Social Vulnerability and the Institutional Challenge of Urban Resilience
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Research suggests that some communities are more resilient than others in the face of the same external stress. Both the local effects of and local responses to the 2008 financial collapse and economic recession have been geographically variegated. Drawing upon two case studies in the Metropolitan Region of Barcelona (Spain), this paper aims to understand why some historically deprived neighborhoods are proving more resilient than others in facing the effects of the Great Recession.
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Spatial inequality is a central characteristic of U.S. metropolitan areas. Overcoming related employment disadvantages requires a broad set of responses: relocation, economic development, or an increase in mobility. Given the difficulty of widespread relocation or urban rebuilding programs, increasing mobility through transportation options may be a core solution in the short term. This article explains the racial gap in unemployment under spatial mismatch in the largest metropolitan areas by examining racial gaps in automobile access and public transit use.
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Raphael Charron-Chenier and Louise Seamster on debt and social inequality.
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In a short 15 years, international financial markets staggered from the sovereign debt crises of the early to mid-1990s (Russia, Mexico), to a regional financial crisis (Asian Financial Crisis), to a global crisis (the GreatRecession brought on by the 2008 financial collapses in the United States). All this has occurred at a time when the world seemed to become more economically interdependent
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In the past two decades, income inequality has steadily increased in most developed nations. During this same period, the growth rate of CO2 emissions has declined in many developed nations, cumulating to a recent period of decoupling between economic growth and CO2 emissions. The aim of the present study is to advance research on socioeconomic drivers of CO2 emissions by assessing how the distribution of income affects the relationship between economic growth and CO2 emissions.
