International political economy: a tale of two heterodoxies

International political economy (IPE) originated in the early 1970s. For almost 20 years it has been dominated by separate, largely non-communicating schools, one centred on scholarly institutions in Britain, the other associated with the US journal, International Organization (IO) . In terms of the evolving norms of both economics and political science, both schools are surprisingly heterodox. Rather than developing strong systematic data collections and systematic theory, the IO school has been characterised by a shifting set of conceptual and metatheoretical debates. The British school, which has tended to take a deliberately critical position, has been characterised by an ever-widening set of concerns topical concerns fuelled by a desire to include more and more voices in the study of IPE. These outcomes are explicable only by tracing the specific historical developments of the two schools.     

Socialist development: The political economy of agrarian reform in Vietnam

Abstract

Since reunification in 1976, Vietnam's faltering economy has produced a crisis of grave proportions, the causes of which are not yet fully understood. The drawn-out consequences of 45 years of war and international isolation are obviously important elements affecting the Vietnamese economy, but the crisis has continued—if not worsened since the end of the war. Grain production—16.2 million tons in 1983—has not kept pace with consumption needs. Official figures indicate that during 1983 per capita food production was 296 kg., up from a 1978 low of 243 kg., but still well below war-time levels.     

Monotowns and the political economy of industrial restructuring in Russia

During the 2008–2009 economic crisis, Russia's monotowns – one-industry towns left from the Soviet era – gained widespread attention as potential sources of social protest and unrest. Will such worries resurface under current economic conditions? While fears about monotowns were exaggerated during the last economic crisis, Russia's leadership has reason to remain concerned. Despite the dramatic transformations of the last two decades, Russia's post-Soviet industrial landscape has largely survived intact, leaving a significant number of monotowns with unprofitable enterprises in a precarious position. Yet given its emphasis on social stability, we can expect the government to continue subsidies, both explicit and hidden, that seek to maintain employment and avoid social conflict, but that preserve the country's inefficient industrial geography.     

Two elections and a political regime in crisis: Turkish politics at the crossroads

Turkey had its fourth National Assembly elections on 7 June 2015 in the twenty-first century and this time they resulted in a hung parliament. The efforts at establishing a coalition government failed and the country moved to a snap, ‘repeat’ election on 1 November 2015. This paper focuses on how the voters registered their party preferences almost 5 months apart in the same legislative general elections and why. Using the same sample and interviewing those who lived at the same addresses as those in the ISSP Citizenship survey conducted February to April 2015 and again in October 2015, a panel data-set was constructed. A theoretical framework for voting behaviour that uses party identification, political ideology, ethnic, religious, social class identities and perceptions of the performance of the economy of the respondents to understand what factors help to influence the party preferences of the same respondents 5 months apart. A multivariate (binary logistic regression) analysis of the pre-June and October 2015 data sets revealed that economic voting had been the predominant factor in the June elections, but security concerns also interacted with popular economic evaluations in the November 2015 elections to reinstall the AKP to power.     

The political economy of judicial corruption in China: a spatial relationship

Like other developing countries, China has been struggling with corruption. Judicial corruption, in particular, damages the rule of law and presents a market disruption as an outcome of a lack of commitment by the government regarding property rights. This article seeks to explain the variations in judicial corruption within China, and it develops a theory of city-level corruption of judges. The theory is tested by an empirical study with data from the World Bank corruption survey using a Bayesian spatial linear model. While wealth appears to diminish corruption, there is also a strong spatial relationship with regard to the level of judicial corruption in China, indicating that as some regions become less corrupt, surrounding areas also experience a diminution in corruption. Thus, through a process organic to the current regime, China could experience an increase in judicial trustworthiness.     

Monetisation of electoral politics and the challenge of political exclusion in Nigeria

This paper argues that money has become the deciding factor in Nigerian politics. It has served the purposes of consolidating elite rule as well as the political exclusion of the non-elite. A discernible ‘ritual of money politics’, has enabled the power elite to remain in power, and new comers to develop the elite character. This paper concludes that money politics is at the heart of the general crisis of democracy and governance in Nigeria, and unless this is mitigated, reforms aimed at bringing about good governance and curbing other anomalies in the political system may not produce the desired results.     

New Labour in the global economy: partisan politics and the social democratic model

Drawing on a framework developed by Geoffrey Garrett in his recent book Partisan Politics in the Global Economy , I examine the 'policy space' that is available for the social democratic project in the United Kingdom. Garrett is optimistic about the possibilities for reformism: he emphasises the ability of an 'encompassing' labour movement to exchange wage restraint for reformist policies. Given the absence of such an encompassing labour movement in the United Kingdom, his conclusion apparently offers little support to those seeking reformist measures in these circumstances. I discuss three reasons why Garrett's model may still be applicable in the British context. First, social democrats may be able to offer policies desirable to capital. Second, wage moderation may be possible without the existence of an encompassing labour movement. Third, and most ambitious, it may be possible to develop an encompassing labour movement within the United Kingdom. My tentative conclusion is that a variant of the Garrett model is potentially a plausible one for a reformist party in the United Kingdom.     

The political economy of capital flows and capital controls in Malaysia

This paper explains the neo-liberal reform measures – foreign direct investment (FDI) policies, financialisation and labour market reform – of the Korean economy following the 1998 economic crisis. It investigates how they have influenced a process identified as the bipolarisation of Korea. Although the increase in FDI inflows has contributed to the economy by overcoming balance of payments difficulties, it has led to increased income inequality. As a result of labour market reforms that targeted labour market flexibility, the number of non-regular/non-standard and part-time workers has increased significantly over the past decade. Labour market reform and financialisation aggravated the bipolarisation.     

Corporate South Africa and biodiversity in a green economy

Abstract

Environmental protection and conservation efforts pose a major challenge the world over, more so for newly industrialising countries that need to strike the precise balance between environmental preservation and future economic development. An arduous challenge for business and the government is the reconciliation of economic growth, development and natural resources conservation. Biodiversity conservation is no longer the preserve of national organisations or state bodies. Companies as users of biodiversity and contributors to its degradation and loss should be a part of the solution as well. The general business world has since entered a new era in terms of its role in aiding and disabling the move towards sustainable development. This is partly attributed to an evolution in policy making from treating the corporation as a problem to perceiving it as a vehicle for economic development and, in this context, integral to the concept of an African renaissance. It is against this backdrop that the article takes stock of the manner with which the corporate sector is conserving and preserving biodiversity as well as methods and modes that are used to do this. It also highlights some of the theories that have been posited to do this which in turn can assist in mapping future engagement. This article aims to present a case for further including the private sector in conserving and preserving biodiversity as a sub stream of environmental issues facing the world today.     

Imagining Europe: political identity and British television coverage of the European economy

The article considers European economic news coverage on British television and its relationship with the UK public's perceptions of and identity with Europe. Stress is placed on the symbolic content of news about Europe; stories about the economic entitlements offered to citizens within the European Union; and portrayal of material benefits or losses for Britain. The results suggest that coverage offers mixed signals about Europe. As yet, they offer an unlikely platform for the development in the United Kingdom of European solidarity or identity. The results are assessed in the light of the way journalists approach political issues. The implications for statistical modelling of the media's relationship with attitudes towards Europe are also considered.     

Towards political integration in Europe: the involvement of national parliaments in European Union politics and policy-making

This article provides an overview of the life of the European Union over a period that has witnessed a number of historical international and institutional developments, and provides a politico-juridico-historical perspective on its growth. The article aims to examine the role of national parliaments in relation to increasing European legislative powers. The European Union is using these powers to ensure that non-European-Union states accept its rules as universal standards. At the same time, European foreign policy has expanded remarkably, reflecting its more prominent international role. The European Parliament is the world's first directly elected transnational parliament. In recent decades, the principles of human rights, peace, and democracy have reflected the deeply embedded values at the core of European integration since its inception, determining the evolution of the European Union from international actor to a model of democratization: a model promoting not only respect for human rights, but also democracy and peace, which have become concrete goals steering the European Union foreign policy.