Sovereignty as a Resource: Performing Securitised Borders in Tajikistan’s Pamirs

This paper scrutinises the translation of sovereignty into daily actions at the border. The Soviet Union established a heavily securitised and sealed border, which was perpetuated in post-Soviet, civil war-stricken Tajikistan by assigning the task to the Russian Federation’s border forces. After having taken over the task of guarding the border, the slowly recovering post-conflict state tried hard to maintain its own border control. Drawing on interviews with borderland people, this article discusses the convergence of Tajikistan’s strong claim but weak support for sovereignty, with the daily life of the borderland people. It will show how – given the Pamirs’ special status as a border district – far-reaching sovereign authority of state agents, aiming to provide security at the border, has been translated into arbitrary actions ensuring individual benefits and has been hidden by intransparency. The article argues that the lack of adequate support from the central government encourages state representatives at the border to reinterpret the sovereign power assigned to them in order to serve their own individual benefits and purposes. Instead of being used to maintain the state territory, the sovereignty’s power is diverted to serve individual interests, in the end serving to destabilize the border, the opposite of the intended purpose.     

Children’s Snacks,their Ads and Consumer Sovereignty

Abstract

The concept of sovereign consumer preferences is challenged from three sides: child consumers, unhealthy food and advertising. The two theoretical concepts of merit goods and libertarian paternalism are implemented in order to classify situations in which full consumer sovereignty does not apply. An empirical analysis of ads for children’s snacks reveals the libertarian paternalist perspective as helpful for understanding the demand for and justification of ‘soft’ governmental intervention in the case of the advertised snacks, whilst the ads for these snacks may well be demerit goods. The banning or heavy taxation of these ads is therefore advocated.     

India’s Green Revolution: Economic Gains and Political Costs

Research and development (R&;D) promotion policies are critical for economic development in the sense that they contribute to technical progress. Although it is true that policy space is restricted under the World Trade Organization (WTO) system, there are still some R&;D promotion policy measures made available to developing countries. It is thus necessary for developing countries to utilize such available measures. In addition to explaining the R&;D promotion measures available under the current WTO regulations, I provide suggestions for modifying the Uruguay Round Subsidies Code with respect to the R&;D promotion policies of developing countries from the viewpoint of “distributional fairness” in international trade relations.     

Political Economy of Industrial Development in Vietnam’s Telecommunications Industry: A Rent Management Analysis

This article contributes to the current debate in economics on the uses and benefits of rents and rent seeking. On the one hand, public choice and neoliberal scholars highlight the redistributive and damaging aspects of rent seeking, thus rendering the policy suggestion to completely eradicate rents and rent seeking in an economy. On the other hand, institutional and development economists point out the inherent theoretical inconsistencies shown in the earlier models, and suggest that certain types of rent and rent seeking could be growth-enhancing. Using the Developmental Rent Management Analysis, this article assesses the industrial development of the telecommunications industry in Vietnam using two case studies. Qualitative research points out a number of rent management factors contributing both to the industry’s failure before the early 2000s and its subsequent success thereafter. The successful development of the telecommunications industry was fundamentally based on (i) favorable political support for rent creation, (ii) an effective structure of rent allocation and implementation, and (iii) credible incentives and pressures that encouraged local firms’ industrial upgrading. The Vietnamese experience suggests that rents can be developmental, conceivably side-by-side with rent seeking, cronyism and corruption.     

‘I'm Still Not Crossing That’: Borders,Dispossession, and Sovereignty in Frozen River (2008)

This paper considers the film Frozen River (2008) for the purpose of considering how the US-Canadian border is dramatised within the context of two women caught up in a illicit trading of migrants via a Native American Reservation. Re-calibrating more mainstream Hollywood's fascination with the United States' southern border, Frozen River usefully focuses attention on two areas that deserve further reflection namely the materiality of borders and border crossings and biopolitics. The paper concludes with some reflections on how borders, biopolitics, dispossession and sovereignty need further theorization by political geographers and other scholars.     

Party Politics and the Political Economy of Ghana’s Oil

Ghana’s status as a new oil producer raises questions about the developmental effects of resources, and the role of political institutions in these processes. The conundrum this paper addresses is the rather limited impact of oil exploitation in Ghana despite the country’s strong democratic record and internationally acclaimed oil governance legislation. The reasons for this lie in the nature of elite-based political coalitions and we root our analysis of Ghana’s hydrocarbons in the political settlements literature, which moves us beyond the ‘good governance’ approaches so often linked to ‘resource curse’ thinking. We also move beyond the instrumentalism of political settlements theory to examine the role political ideas play in shaping resource governance. We argue that inter-coalitional rivalry has generally undermined the benefits of Ghana’s oil but that a crude interests-based interpretation is insufficient to explain differences between these coalitions.     

Contagion across Eurozone’s sovereign spreads and the Core-Periphery divide

This paper investigates the causes of disproportionate increases of sovereign yields with respect to the interest rate on the 10 years German Bund within the Eurozone. Empirical evidence drawn from the Bank for International Settlements dataset on banks’ portfolios shows that rapid financial integration, following the launch of the monetary union, resulted in excess exposure of Core countries’ banks in the Peripheral countries’ financial assets. In order to endogenize the possibility of contagion effects, we conduct econometric estimates through a Global Vector Autoregressive model, where each country’s spread depends upon all Eurozone countries’ spreads. Results show that after the burst of the financial crisis the Core countries’ sovereign yields are essentially determined by the international risk aversion, whereas the spreads of Peripheral countries mainly depend on fundamentals, namely the public debt/GDP ratio and the Real Effective Exchange Rate values with respect to the Eurozone average. These results are supported by the estimate of an impulse response analysis. Macroeconomic failures in public finances and competitiveness seem to originate the exceptional increases in sovereign spreads of the Periphery, through a contagion effect which is limited to this group of Eurozone countries.     

Political connection,corporate philanthropy and efficiency: Evidence from China’s anti-corruption campaign

We find that the 2013 Chinese anti-corruption campaign remarkably reduced charitable donations from listed companies with strong political connections, and lessened government subsidies to these companies, implying a reciprocal relationship between companies and the government prior to the campaign. The campaign also improved the productivity of companies with strong connections. The results are consistent with a model in which favor exchanges between firms and the government divert resources away from production in a corrupt environment. These findings highlight a self-serving, and sometimes corrupt, motive of corporate donation, and imply that the campaign is effective in curbing corrupt collusion between companies and government officials. Moreover, they give empirical support to the negative efficiency implications of corruption.     

Stanfield’s Concepts of Social and Political Economy: Introduction to the Special Issue

This paper examines the contributions of James Ronald Stanfield to social and political economy. We start the analysis with Stanfield’s contribution to institution building through his education of PhD students, building a graduate program in political economy, and through the associations of social and political economy. Then we go on to scrutinise his creative developments and applications of the notions of economic surplus and social reproduction. This is followed by his extensive work on Karl Polanyi and the disembedded economy. Finally we explore his path-breaking analysis of the great capitalist restoration, the nurturance gap and love. Stanfield was one of the greatest institutionalists and social economists of the last hundred years, and these four areas of energetic creativity are his prime achievements in the area.     

Keeping Workers at a Distance: The Connection Between Borders and Finance in Andrew Niccol’s In Time

This article presents In Time (Andrew Niccol, 2011) as a film that illuminates the role of borders at a local level and their relationship with the transnational interests of financial corporations. In Time imagines a near future in which time has replaced money as the currency. In this world, people have been genetically engineered to stop aging at 25, so, when they reach that age, they have to earn time or they die within a year. The film, shot in Los Angeles, portrays a world divided into “zones” and focuses on two of them: Dayton, a working-class area, and New Greenwich, a financial district. Drawing on this setting, In Time explores the roles of borders in the processes by which the later extracts value from the former. In order to investigate such processes, I consider the different kinds of borders that appear in the film, including not only fences and walls, but also other borders related to wealth, time, etiquette, behaviour, race, and surveillance. Close examination of borders, spatial dynamics, and characters’ behaviour elucidate the rationale behind the socioeconomic structures that the film depicts, who benefits from them, and what their interests are. Focusing on such aspects, this article argues that the different borders that appear in the film control the movement of people and money, thereby contributing to several conditions that benefit financial firms: the generalisation of debt, the casualisation of labour, workers’ resignation, the protection of the financial sector, and the criminalisation of the poor.     

Territory as a Psychosomatic Device: Gottmann’s Kinetic Political Geography

Without denying the importance of his contributions to regional, economic, historical and urban geography, a rediscovery of Jean Gottmann’s political geography and its current geopolitical relevance has been taking place in Europe since the 1990s. The relative absence of his name in most of the subfield historical accounts, in contrast to the international reputation of his book Megalopolis has inspired this article, which attempts a survey of Gottmann’s key contributions to political geography, with emphasis on those in French. A bio-bibliographical analysis, enhanced by original references to archival source, was necessary for reconstructing the genesis and development of his political geography. Specifically, Gottmann states that territory is a psychosomatic device because its political partitioning is produced by the psychological oscillation in pertinent communities between search for security and search for opportunities. In the conclusions, a few questions are raised about how his theories could be applied to improving our understanding of the contemporary geopolitical scenario.

The concept of territory, with its material and psychological components, is a psychosomatic expedient necessary to preserve freedom and the variety of separated communities in an interdependent and accessible space.

— Jean Gottmann, ‘The Evolution of the Concept of Territory’, Social Science Information 14/3–4 (1975) pp.29–47.

     

Political incentives and the effectiveness of monetary policy: evidence from China’s city commercial banks

From the perspective of official-and-director (OAD), this article takes studies of the effect of monetary policy on bank loans to the heterogeneity of bank. We explore how political incentives affect the lending channel of monetary policy transmission, using a sample of China’s city commercial banks during 2006–2014. And we further analyse the role of OAD’s characteristics, including administrative rank and age. The results indicate that although tight monetary policy can reduce bank loans, the OAD can weaken this relationship, and the higher is the administrative rank of OAD, the larger is the effect. And the older is OAD, the larger is the effect. More importantly, the relationship between monetary policy and bank loan is insignificant in banks with OAD, implying that the lending channel of monetary policy is absent when considering the role of OAD.     

Trade and the environment: from a ‘Southern’ perspective

The relationship between free trade and the environment is one of the main issues of contention between environmental and ecological economics. Environmental economics assumes a positive relationship between free trade, economic growth and environmental policies. Environmental externalities may cause important damage. However, trade is not to be blamed for this. Instead, the fault lies with policy inadequacies at the national level. On the other hand, some ecological economists criticise the assumptions of environmental economics, especially the immobility of production factors and the positive correlation between income and environmental quality. They plead for measures to prevent deterioration of ‘Northern’ environmental standards in a ‘race to the bottom’ due to ‘ecological dumping” from the South. In this paper, we argue that neither environmental economics nor ‘Northern’ ecological economics take into account the structural conditions determining the international trade system. Based on some new empirical evidence on material flows, we stress the notion of environmental cost-shifting. If physical and political ecology perspectives are adopted, a ‘Southern’ approach to the trade-and-environment issue may arise.     

Two Models of the Relationship Between Money and Sovereignty: An Interpretation Based on John R. Commons’s Institutionalism

We present a theoretical analysis of monetary sovereignty based on John R. Commons’s main works. Commons wrote extensively on money and sovereignty, but he did not provide an explicit analysis of their relationship. Through the reconstruction and interpretation of his work, we propose two models of the relationship between money and sovereignty. In the first model, monetary sovereignty is owned by private banks and is potentially in competition with political sovereignty. In the second model, money can be viewed as an agent of political sovereignty, which shares some similarities with the law as an institution of sovereignty in the modern state.