Political Economy Perspective Research Articles

Youth labour markets in the Southern European Union, 2009-2021: deciphering trajectories of resilience through a decade of consecutive crises

ABSTRACT This paper adopts a Geographical Political Economy perspective to critically investigate how successive economic crises occurring from 2009 onwards (including the COVID-19 pandemic) affected youth labour markets in Greece, Italy, and Spain. To do so, it first calculates a Resilience Index for three youth employment types (total, part-time, and temporary employment). It then employs Shift-Share Analysis to quantify the effect of national trends, sectoral dynamism, and local characteristics upon total youth employment changes. After identifying those regions that have exhibited resilience or lack thereof and the underlying reasons for their trajectories, the paper outlines a typology of regional youth labour markets’ resilience and examines their dynamics. Specifically, the paper examines the effect of path dependencies, structural deficiencies, and labour polarization on resilience outcomes, concluding that each has steered in different ways the regional youth labour markets examined towards either bouncing back shortly after recessive shocks or developing mechanisms of adaptation amidst recession. Closing, the paper discusses the role of work flexibilization in shaping resilience, finding that whilst it may contribute to coping/adaptation capacities under certain conditions it does not guarantee them.

Trading-off or trading-in? A critical political economy perspective of green growth’s policy framing

ABSTRACT The trade-off policy framing has been a central feature of green growth since the 1980s, employed to frame the countervailing spheres of social, environmental, and economic policies purported to ensure the sustainable development of the global economy. This article argues that so central has this framing become that IPE scholars have tended to focus on different types of ‘greenable’ growth observable within capitalism, rather than question the prospect of greening growth itself. Far from value-free, the trade-off framing is ultimately determined by the structural imperative for economic growth, veiling the disciplines anthropocentric ontology in a normative or objective guise. To account for the tacit prioritization, the trade-in policy framing – the compromising of environmental objectives to accommodate the growth imperative – is advanced as an alternative framing. The trading-in of environmental policies is legitimized through political-industrial narratives, of which three, the (i) consequential, (ii) allay, and (iii) finance are outlined in this analysis.

Youth employment amid successive crises and the low-carbon transition: The case of Εurozone coal regions

Over the last decade, the EU has entered a phase of transition to a low-carbon economy, which has led to a decline in the competitiveness of coal. Despite efforts to restructure their energy sectors, coal regions continue to struggle with the lingering effects of the 2008/09 Global Crisis and the Covid-19 pandemic, which affect their economies and decarbonisation trajectories. In this context, the paper examines the role of youth in the local labour regimes (LLRs) of Eurozone coal regions. Drawing on perspectives of Geographical Political Economy and Political Ecology, the transition from coal to renewable energy is conceptualised as a new socio-ecological fix, reflecting capitalist mechanisms seeking novel avenues for profiting while maintaining established power asymmetries and inequalities. The study employs a mixed methods approach to examine the exacerbated structural challenges faced by youth. Firstly, by analysing secondary macroeconomic, (youth) employment and demographic data, key differences between the LLRs of the coal regions of six Eurozone countries are highlighted. Secondly, a qualitative analysis of Western Macedonia in Greece, one of the most lagging coal regions, is carried out. The analysis is based on primary data collected in focus groups and interviews with key informants, energy workers and locals in the period 2021-2022. Findings suggest that uneven development, labour flexibilisation, and lack of economic diversification hinder the entry of young people into the labour market and contribute to their out-migration from coal regions, thus the latters' role in shaping the changing energy landscape remains marginal.

From currents to controversies: Unveiling performances of and perceptions on China's investments in the Philippine grid

The electrical grid system is a technology and a complex amalgamation of various factors, including geography, relationships, institutions, and socio-political-economic influences. Although China's involvement in international grids has primarily been analysed from the political economy perspective, little attention has been given to its impact on the electricity systems of host countries and how it affects their performance. This article addresses this gap by combining insights from international relations, political economy, and electricity systems transitions to analyse databases, news accounts and interview data on the performance and perceptions of energy actors regarding China's involvement in the Philippine electricity grid. Dissatisfaction with delays in project implementations, declining contributions to the development of in-house technological capabilities of the national grid company and transmission lines, diversification of local economic elites and oligarchs, and a lack of transparency have intensified mutual distrust between the Chinese grid company and prominent energy actors in the Philippines and failed to mitigate national security concerns. Our findings imply that changes in the constellation of local energy actors amid the electricity sector reform and integration of renewable energy in grids affect the role of the grid and justification for international grid investors. The perception of unsatisfactory performances raises concerns about national security during the worsening of bilateral relations.

Feeding Our Food; Starving Our Environment

For thousands of years, farmers have utilized organic soil additives to enhance their crop yields and livelihoods. Today, modern agriculture largely relies on synthetic fertilizers to produce enough crops to supply our global population and its competitive markets. While these fertilizers successfully increase crop production, previous research has proven that they perpetuate long-term environmental and human health risks. My goal is to examine how human-environment relationships with fertilizers have changed over time and how capitalism influences the socio-environmental impact of synthetic fertilizers on our world today. Through the Institutions and Commons lens, I examine how fertilizer-related pollution and limited fertilizer regulations pose significant risks to the environmental commons of society and to the health of communities. Additionally, I utilize the Political Economy perspective to examine how capitalistic greed in the fertilizer industry has significantly contributed to global warming, overproduction of resources, and an altered human perception of nature as a whole. While there are advantages of synthetic soil-enhancement technologies, it is clear that more stringent agricultural regulations and responsibility measures are needed to minimize the negative long-term consequences of synthetic fertilizer use in modern farming practices.

Lifeworld transformations in digital capitalism

Lifeworld transformations in digital capitalism

Building partnerships for sustainable development: case study of Laos, the BRI, and the SDGs

This study examines sustainable development cooperation and the effectiveness of sustainable development partnerships in supporting national development in meeting Sustainable Development Goals (SDGs). This study focuses on SDG 17, “Building Partnerships for Sustainable Development” and takes the Lao Democratic People’s Republic (Laos) as its case study. The study assesses Laos’s socio-economic condition, development trajectory and SDGs. It evaluates Laos’s development partnerships with China and the Belt and Road Initiative (BRI) and wider development diplomacy. The study adopts a political economy perspective, drawing in global major power competition. The paper argues that development partnerships are pivotal to success in achieving national and global development goals. Laos holds the ASEAN Chair through 2024, whilst experiencing severe economic challenges domestically. Moving between these two domains, Laos will seek to achieve balance and even-handedness between regional and global interests. Laos’s long-standing development partnership with China and the BRI brings tangible results. However, the study concludes that greater diversification in building partnerships for development will provide additional support to Laos’s development strategy.

Critical Theory Foundations of Digital Capitalism: A Critical Political Economy Perspective

The overall task of this paper is to outline some foundations of a critical theory of digital capitalism. The approach of the Critique of Political Economy is taken as the starting point for theorising (digital) capitalism. First, the paper discusses selected classical definitions of capitalism. Theories of digital capitalism must build on definitions and theories of capitalism. If capitalism is not only an economic order but a societal formation, the analysis of capitalism is the analysis of economic exploitation and non-economic domination phenomena and their interaction. Theories of digital capitalism should also address the question of how class, racism, and patriarchy are related in the context of digitalisation. Second, the author introduces a notion of digital capitalism that is based on Marx’s approach of the Critique of Political Economy. Third, the paper engages with one influential contemporary approach to theorising capitalism, Nancy Fraser’s Cannibal Capitalism. The author discusses what we can learn from Fraser’s approach to theorising digital capitalism. Fourth, the author discusses existing understandings of digital capitalism that can be found in the academic literature. These definitions are compared to the understanding advanced in this article. Fifth, the paper discusses the relationship of the notion of digital capitalism from a Critical Political Economy perspective in comparison to the notions of the network society/informational capitalism (Manuel Castells), surveillance capitalism (Shoshana Zuboff), and platform capitalism (Nick Srnicek). Sixth, the paper reflects on the relationship between digital capitalism and violence as we live in a (digital) age where a new World War is all but uncertain. Finally, some conclusions are drawn.

Will the European Green Deal enhance Europe’s security towards Russia? A political economy perspective

The European Green Deal is a set of policy initiatives set by the European Commission with the aim of making the European Union climate neutral in 2050. The Deal is credited with many virtues by its proponents, and in particular that it would reduce geopolitical disputes with Europe’s main supplier of energy, Russia. The nascent literature on energy transition is primarily focused on its economic costs and benefits, and on its contribution to energy security; but it has so far left unaddressed the question of the transition’s military consequences. To address that question, our paper adopts a political economy perspective by looking at how a sizeable drop in the energy revenue, which would result from the successful implementation of the Deal, is likely to affect the intraelite competition underway in Russia. We model that competition by means of a Tullock contest in which the energy revenue may be allocated by the sole winner to the provision of private goods or of club goods. We show that the Deal would favour the currently ruling elite group’s efforts at winning the contest. Given that this elite would thus control energy revenue and would spend it on military investments intended at maintaining it in power, the Deal could have adverse security consequences for Europe. The paper concludes by underlining the importance for the Deal’s success to factor in its unintended geopolitical consequences.

Demystifying the Chinese local state: Planning and contesting urban growth at Hexi New Town, Nanjing

Taking note of the limitations of previously dominant political economy perspectives on China’s urban transformation, and inspired by recent works calling for “beyond-growth” and “micro-level” studies of the Chinese state, as well as ethnographic approaches to the state, this paper aims to explore the often-untold everyday politics of decision-making processes in China’s state-led urban development. Using an urban design project at Hexi New Town in Nanjing, China, as an empirical lens, the article makes three main contributions. Firstly, it reveals how the Chinese local state is constitutive of and lived through intense negotiations and contestations over urban visions, subjectivities, and rules of practices in everyday life. Secondly, building upon existing ethnographic approaches to the state, which focus primarily on state-society dynamics, this paper develops a framework to re-conceptualize the power topology within the Chinese local state as a field of relational modalities (ruling power relations (re)enacted in everyday practices) and relational embeddedness (situated positionalities and subjectivities of state actors). Thirdly, it further shows how the power modalities (the interplay of political-economy power vs technical-power, territorial power vs trans-territorial power) of the Chinese local state are constantly reworked, sometimes re-enacted, sometimes challenged, through both formal and tacit rules in the state’s everyday life. As such, the article provides a new set of entry points to open the black-box of the Chinese local state and to explore the relational nature and an ethnographic perspective of the local state and urban politics in China and beyond.

‘정의로운 전환(Just Transition)’과 분배 갈등

The issue of climate change in political science has mainly been addressed at the international or global level, viewing environmental sustainability as a public good, and focusing on why intergovernmental cooperation to address climate change has often failed. However, it is necessary not only to analyze climate change at the global level but also to examine them at the domestic level, focusing on the conflicts of interest among various actors. With the widespread recognition that solving climate issues and transitioning to sustainable energy are inseparable, the recently emerged concept of 'Just Transition' is a suitable topic for approaching through frameworks developed in international political economy and comparative political economy. This paper explores how the issue of just transition intersects with important research in international political economy such as trade politics, as well as with social protection and welfare politics in comparative political economy. It argues that analyzing political conflicts surrounding just transition from a political-economic perspective is essential to establish effective governance for climate change mitigation.

The Influence of Media Conglomerates in the Context of Migration from Analog to Digital Broadcasting: Analysis from a Media Political Economy Perspective and Its Impact on Society

This research discusses the role of media conglomerates in the context of migration policies from analog to digital broadcasts. Media conglomerates often have great influence in the media industry, and migration policies such as these can affect the way information is delivered and accessed by the public. This research analyzes the tendency of media conglomerates to report information that suits their interests, their impact on society, and how they respond to digital migration policies. The political economy of communication theory, especially the concepts of commodification, spatialization, and structuration, is used to explain these dynamics. Some media conglomerates reject the migration policy, considering it a threat to their dominance in the media industry. However, migration policies also open up opportunities for new entrants in the broadcasting industry. In conclusion, it is important to understand how the dynamics of the political economy of the media influence media policies that affect society.

The Political Economy of Digital Health Equity: Structural Analysis.

Digital technologies have produced many innovations in care delivery and enabled continuity of care for many people when in-person care was impossible. However, a growing body of research suggests that digital health can also exacerbate health inequities for those excluded from its benefits for reasons of cost, digital literacy, and structural discrimination related to characteristics such as age, race, ethnicity, and socioeconomic status. In this paper, we draw on a political economy perspective to examine structural barriers to progress in advancing digital health equity at the policy level. Considering the incentive structures and investments of powerful actors in the field, we outline how characteristics of neoliberal capitalism in Western contexts produce and sustain digital health inequities by describing 6 structural challenges to the effort to promote health equity through digital health, as follows: (1) the revenue-first incentives of technology corporations, (2) the influence of venture capital, (3) inequitable access to the internet and digital devices, (4) underinvestment in digital health literacy, (5) uncertainty about future reimbursement of digital health, and (6) justified mistrust of digital health. Building on these important challenges, we propose future immediate and long-term directions for work to support meaningful change for digital health equity.

INDONESIAN GOVERNMENT POLICY PROHIBITS THE EXPORT OF NICKEL ORE IN THE FORM OF RAW MATERIALS

Purpose: The purpose of this research is to critically examine the Indonesian Government's policy of prohibiting the export of nickel ore and its implications from a legal, regulatory, and economic perspective. By conducting a thorough analysis of relevant regulations, including Minister of Energy and Mineral Resources Regulation (Permen ESDM) No. 11 of 2019, this study aims to elucidate the rationale behind the prohibition and assess its impact on Indonesia's economic sovereignty, value addition in the nickel industry, and international trade relations. Additionally, the research seeks to provide recommendations to stakeholders, particularly the Indonesian Government, on navigating the challenges and opportunities associated with the nickel ore export prohibition, with a view toward promoting sustainable economic development and maximizing the benefits derived from the country's mineral resources. Theoretical framework: This research uses a multidisciplinary theoretical framework to analyze the Indonesian Government's policy of prohibiting nickel ore exports. It uses normative legal theory, constitutional law, administrative law, resource curse theory, export-led growth theory, trade policy analysis, state sovereignty, political economy perspectives, and international relations theory to understand the policy's implications on legal, economic, and political dynamics at domestic and international levels. Design/Methodology/Approach: This research uses a mixed-methods approach, combining normative legal research with qualitative analysis, to examine the Indonesian Government's policy of prohibiting nickel ore exports. It examines the legal framework, aligns with international norms, and gathers insights from stakeholders through interviews, document analysis, and thematic analysis. The findings are then analyzed to provide a comprehensive understanding of the policy's legal, economic, and socio-political dimensions. Findings: The Indonesian Government's policy of prohibiting nickel ore exports has led to increased value addition, employment opportunities, and technology transfer. This policy aligns with Indonesia's sovereignty over its natural resources, aligns with international obligations, and enjoys domestic support. The policy has potential long-term implications for sustainable development and strategic positioning, highlighting the need for a holistic approach to resource management and international trade relations. Research, Practical & Social Implication: The research provides a comprehensive analysis of Indonesia's policy of prohibiting nickel ore exports, offering insights for future studies. It also informs comparative studies, policy design, diplomatic engagement, and social implications. The policy's potential for economic development and environmental protection is highlighted, promoting sustainable management of Indonesia's mineral resources. Originality/Value: This research explores Indonesia's policy prohibiting nickel ore exports, focusing on its economic, legal, and socio-political implications. It uses a multidisciplinary approach, incorporating legal, economic, and political perspectives. The empirical data from stakeholder interviews and document analysis provides valuable insights. The findings have practical implications for policymakers and international actors in resource governance and sustainable development.

Role of Economy in Foreign Policy: An Appraisal of US-China Trade War in the Prism of Political Economy

The intertwining of economics and foreign policy has become increasingly evident in the modern geopolitical landscape, with the US-China trade war as a prominent case study. This critical abstract examines the significance of economic considerations in shaping foreign policy decisions, particularly in the context of the US-China trade war, through the lens of political economy. The US-China trade war, initiated in 2018, symbolizes the complex interplay between economic interests and political objectives. At its core, the conflict represents a strategic maneuver by the United States to address longstanding grievances regarding trade imbalances, intellectual property theft, and market access restrictions. Conversely, China's response reflects its aspiration to assert itself as a global economic powerhouse and safeguard its developmental model against external pressures. Through a political economy perspective, this abstract delves into the multifaceted dynamics driving the US-China trade war. Economic theories, such as mercantilism and comparative advantage, offer insights into the motivations behind both nations' protectionist measures and tariff escalations. Moreover, the abstract evaluates the efficacy of economic coercion as a foreign policy tool and its implications for international relations. While tariffs and trade barriers can pressure adversaries, they also entail risks, such as retaliatory measures, economic volatility, and unintended consequences. Additionally, the abstract examines the role of domestic politics and interest groups in shaping the trajectory of the trade war, highlighting the interplay between economic nationalism, electoral dynamics, and policy formulation.

The impact of geopolitics on international student mobility: The Chinese students' perspective

AbstractIn the last few years, international student mobility has been disrupted not only by the global health crisis resulting from the outbreak of the COVID‐19 pandemic but also adversely affected by the rise of geopolitics. The worsening relationship between China and its western counterparts led by the United States and its allies has significantly influenced students' motivation and plan for overseas education. Based upon interviews with 75 students from leading universities in mainland China, this article examines how Chinese elite students evaluate the impact of the new geopolitics on their overseas study plans and opportunities. The study found that, due to the influence of scientific internationalism ideas and institutional habitus, interviewees underestimated the impact of geopolitical factors. Furthermore, unpleasant environmental factors (such as racial discrimination) caused by geopolitical changes are tolerable because most of the interviewees plan to return China after studying abroad. On the other hand, deterioration of Sino‐US relations has substantially affected Chinese students' international mobility. Many interviewees, especially those majoring in science and engineering, were unable to obtain visas. Some of them gave up their study abroad plans, while others transferred to other study abroad destination countries such as the United Kingdom and Singapore. We also find that the perception of the power shift in the field of higher education shapes the students' decision making. This article critically reflects upon the international student mobility from the broader political economy perspective, discussing policy implications for future international education.

Socio-Economic Order and the Legacies of Armed Governance: The Aftermath of Paramilitary Rule in Colombia

ABSTRACT This paper focuses on the legacies of paramilitary governance in the Colombian civil war. Using a local case study, we show that former militia strongholds have been shaped by the lasting effects of armed rule on the ability of impoverished peasants and rural workers to challenge existing forms of land tenure and labour organisation. Our case highlights the need to adopt a local view to understand the embeddedness of armed governance in existing socio-economic orders. Our conclusion emphasises the importance of integrating a political economy perspective when studying the legacies of armed governance.

The “EU‐Leash”: Growth Model Resilience and Change in the EU’s Eastern Periphery

Although the EU’s Eastern periphery has been afflicted by a series of crises over the past two decades, the region’s dependent market economies have shown puzzling resilience. Since the global financial crisis, the FDI-led, export-oriented growth models of the Visegrád countries have been reinforced. Meanwhile, the debt-based, consumption-oriented capitalism of the Baltic states has not experienced dramatic shifts either, despite a strengthening of its export component. Scholarly accounts from a comparative political economy perspective explain this resilience as the product of country-specific factors and tend to downplay the role of external influence. Instead, we aim to bridge these approaches with international political economy scholarship by arguing that European integration, in general, and the EU’s transnational regulatory influence, in particular, serves as an external anchoring mechanism for both semi-peripheral growth models. In addition to the region’s structural characteristics, such as deep embeddedness in global value chains, high exposure to trade with the EU, and dependence on external sources of finance, which already limit domestic agency in changing national growth models, we argue that European transnational regulatory integration involves an “EU-leash” that sets the boundaries for domestic economic policies, thereby influencing growth model trajectories. This ensures institutional continuity and prevents sudden and radical changes in semi-peripheral growth models. We demonstrate these mechanisms through two country studies (Estonia and Hungary).

Barriers and Opportunities for WHO "Best Buys" Non-communicable Disease Policy Adoption and Implementation From a Political Economy Perspective: A Complexity Systematic Review.

Improving the adoption and implementation of policies to curb non-communicable diseases (NCDs) is a major challenge for better global health. The adoption and implementation of such policies remain deficient in various contexts, with limited insights into the facilitating and inhibiting factors. These policies have traditionally been treated as technical solutions, neglecting the critical influence of political economy dynamics. Moreover, the complex nature of these interventions is often not adequately incorporated into evidence for policy-makers. This study aims to systematically review and evaluate the factors affecting NCD policy adoption and implementation. We conducted a complex systematic review of articles discussing the adoption and implementation of World Health Organization's (WHO's) "best buys" NCD policies. We identified political economy factors and constructed a causal loop diagram (CLD) program theory to elucidate the interplay between factors influencing NCD policy adoption and implementation. A total of 157 papers met the inclusion criteria. Our CLD highlights a central feedback loop encompassing three vital variables: (1) the ability to define, (re)shape, and pass appropriate policy into law; (2) the ability to implement the policy (linked to the enforceability of the policy and to addressing NCD local burden); and (3) ability to monitor progress, evaluate and correct the course. Insufficient context-specific data impedes the formulation and enactment of suitable policies, particularly in areas facing multiple disease burdens. Multisectoral collaboration plays a pivotal role in both policy adoption and implementation. Effective monitoring and accountability systems significantly impact policy implementation. The commercial determinants of health (CDoH) serve as a major barrier to defining, adopting, and implementing tobacco, alcohol, and diet-related policies. To advance global efforts, we recommend focusing on the development of robust accountability, monitoring, and evaluation systems, ensuring transparency in private sector engagement, supporting context-specific data collection, and effectively managing the CDoH. A system thinking approach can enhance the implementation of complex public health interventions.

An institutionalist political-economy perspective on social and environmental accounting

PurposeThe purpose of this study is to contribute to the discussion surrounding the definition of accounting proposed by Carnegie et al. (2021a, 2021b) and further elaborated by Carnegie et al. (2023) from/under an institutionalist political-economy (IPE) based foundation and to specifically extend this approach to the arena of social and environmental accounting (SEA).Design/methodology/approachBy adopting an IPE approach to SEA, this study offers a critique of the use of the notion of capital to refer to nature and people in SEA frameworks and standards.FindingsA SEA framework based on the capabilities approach is proposed based on the concepts of human capabilities and global commons for the purpose of preserving the commons and enabling the flourishing of present and future generations.Practical implicationsThe proposed framework allows the engagement of accounting community, in particular SEA researchers, with and contribution to such well-established initiatives as the Planetary Boundaries framework and the human development reports initiative of the United Nations Development Programme.Originality/valueBased on the capability approach, this study applies Carnegie et al.’s (2023) framework to SEA. This new approach more attuned to the pursuit of sustainable human development and the sustainable development goals, may contribute to turning accounting into a major positive force through its impacts on the world, expressly upon organisations, people and nature.