Small arms,big guns: a dynamic model of illicit market opportunity

Transnational illicit markets are deeply embedded within legal trade systems and thus should be affected by shifting market conditions. Applying a stochastic actor-oriented model (SAOM), this study tests whether variation in illicit market opportunity could account for changing relations within the small arms trade (2003–2008). Measures of market accessibility – changes in export activity, reporting transparency and the percent of the labour force that is armed – outperformed measures of weapon availability with the exception of involvement in armed conflict. Significant structural change in outdegree density and transitivity suggest the development of trade factions, and decreasing balance hints that leaders are emerging. With the pending de-escalation of US-led conflict in the Middle East, a flood of second-hand weaponry is about to enter the market. Continued research is required to further uncover how the legitimate trade infrastructure facilitates the illicit flow of goods.     

Reconceptualizing financial innovation: frame,conjuncture and bricolage

Abstract

This article argues for a reconceptualization of financial innovation which, as culprit and victim of the current crisis, is now damned by those who once praised it. But what is financial innovation? The dominant answers from mainstream finance and social studies of finance share variations on a rationalistic view whereby financial innovation is about improving markets or at least extending the sphere of rational calculability. Because improvisation is more important than the dominant perspectives can admit, this article proposes a new concept of financial innovation whose three main elements – frame, conjuncture and bricolage – are indicated by the title of this article. The importance of this problem shift is that it highlights the inherent fragility of this type of intermediary-led financial innovation where things will often miscarry and highlights the need for a more radical rethinking about policy responses to the financial crisis that began in 2007.     

Unintended consequences: social policy,state institutions and the ‘stalling’ of the Malaysian industrialization project

Abstract

This paper examines the relation of particular forms of social and labour market policy to economic development. Taking the history of Malaysian industrialization as its empirical case, the paper assesses the unintended consequences of redistribution policy, on the one hand, and migration policy, on the other, for the limited upgrading of the country's electronics industry. It argues that, while the former has been central to social harmony in Malaysia's multi-racial society, it has contributed to the underdevelopment of small and medium-sized firms capable of linking with the TNCs on the basis of knowledge-intensive and higher value-added operations. Migration policy, on the other hand, has allowed manufacturers to have continued access to supplies of low-cost, lower-skilled labour that have released the pressures that would otherwise have been there for technological and skill upgrading in the electronics industry. Only in Penang, where regional state institutions have intervened to encourage SME upgrading, has the national picture been moderated. Malaysia's industrialization project emerged at time when export competition in manufactured commodities was less intense than it is now. Largely as a result of federal government priorities and for other reasons explored in the paper, advantage was not taken of this ‘window of opportunity’. As a consequence, the country's industrialization project – exemplified by its electronics industry – is now ‘stalling’ in the sense that it remains locked into low- to medium-technology operations. With the rise of China as a manufacturing exporter, this is a dangerous situation for a country's principal industry to be in.     

Struggling to stay out of high-poverty neighborhoods: housing choice and locations in moving to opportunity's first decade

Improving locational outcomes emerged as a major policy hope for the nation's largest low-income housing program over the past two decades, but a host of supply and demand-side barriers confront rental voucher users, leading to heated debate over the importance of choice versus constraint. In this context, we examine the Moving to Opportunity experiment's first decade, using a mixed-method approach.

MTO families faced major barriers in tightening markets, yet diverse housing trajectories emerged, reflecting variation in: (a) willingness to trade location – in particular, safety and avoidance of “ghetto” behavior – to get larger, better housing units after initial relocation; (b) the distribution of neighborhood types in different metro areas; and (c) circumstances that produced many involuntary moves. Access to social networks or services “left behind” in poorer neighborhoods seldom drove moving decisions. Numerous moves were brokered by rental agents who provided shortcuts to willing landlords but thereby steered participants to particular neighborhoods.     

Discomforts of Victory: Democracy,Liberal Values and Nationalism in Post-Communist Europe

This article tries to identify the main threats to post-communist liberal democracies, especially those perils related to the weakness of pluralist traditions, institutions, and values and the rise of movements and ideologies rooted in cultural and political malaise, ressentiment, and disaffection. Nine such perils are identified in the second half of the article, including Leninist legacies, salvationist popular sentiments, the rhetoric of reactionary nostalgia, the fluidity of political formations, the crisis of values, authority, and accountability, and the tensions between individualistic and communitarian values. The concern here is with a diagnosis of the main vulnerabilities of Eastern Europe's post-communist states in order to evaluate prospects for further democratic consolidation and risks for the rise and affirmation of ethnocratic parties and movements. Understanding the post-communist political and cultural situation, including persistent isolationist, anti-globalisation, populist and nationalist trends, is of critical importance for interpreting the main directions these countries will pursue in their efforts to join the European Union institutions.     

Making Markets and Eastern Enlargement: Diverging Convergence?

This study deals with the extent and content of 'Europeanisation' in the Central and East European (CEE) countries at the level of market making. It argues that Europeanisation at the level of market making was about creating states with strong capacities to preserve and regulate markets and with increased and reconstructed administrative and planning capabilities. The most successful CEE countries with their strong states and weak social and economic actors converged towards a moving target, that is, towards EU countries in the process of supranational market making with dramatically different constellation of powers among key economic actors. The paper discusses the specifics of national level market making in the CEE countries, the factors of divergence within the region, and the 'diverging convergence' between the CEE and the EU countries.     

Club apples: a biology of markets built on the social life of variety

Abstract

Club apples are patented apple varieties, often grown by members of a co-operative who plan the production and marketing of the apples. Drawing on ethnographic work, this paper will use club apples as a case to demonstrate that varieties have shaped the development of the apple industry in ways that resist institutional pressures to commodify the biological features of the apple. Club apples extend social boundaries around varieties in ways that grant growers more control over the market life of the apple and more economic power. The productive opportunities availed in the aliveness of biological materials can be seen to shape competition and the contours of economic markets.     

Exploring the Consequences of Negative Political Advertising for Liberal Democracy

ABSTRACT

This paper explores existing thinking and research on the use of negative advertising strategies in political campaigning, and in particular examines their potential impact on liberal democracy. We ask what impacts negative forms of political communication may have on our system of government and democratic participation. Though political advertising makes up only a part of political discourse, an analysis of it is necessary given the increasing “marketisation” of political communication, coupled with concerns regarding the so called “democratic deficit.” In order to more truly evaluate its impact, the evidence pertaining to both the positive and detrimental consequences of employing negative ad strategies is examined. What emerges are some very real short-term benefits, some very real concerns over its use, and confusion over its “true” impact. Of particular note is the need for researchers and campaign managers to take a longer-term view of the potentially detrimental consequences of employing negative advertising strategies-to look beyond the short-term gains of winning elections and to consider the longer-term societal consequences of consistently employing advertising strategies characterised by the creation of doubt, fear, anxiety, violation and viciousness. We argue that the “winning” mentality of political ad campaigns needs to be balanced by a more “nurturing” orientation if the tenets of liberal democracy are to remain sustainable.     

Subprime catalyst: Financial regulatory reform and the strengthening of US carbon market governance

The 2008 financial crisis has had an important, but neglected, impact on carbon market governance in the United States. It acted as a catalyst for the emergence of a domestic coalition that drew upon the crisis experience to demand stronger regulation over carbon markets. The influence of this coalition was seen first in the changing content of draft climate change bills between 2008 and 2010. But the coalition's more lasting legacy was its role in shaping the content of, and supporting, the passage of the Wall Street Reform and Consumer Protection Act (the Dodd–Frank bill) in July 2010. Although that bill was aimed primarily at bolstering financial stability, its derivatives provisions strengthened carbon market regulation in significant ways. This policy episode demonstrates new patterns of coalition building in carbon market politics as well as the growing links between climate governance and financial regulatory politics. At the same time, the significance of these developments should not be overstated because of various limitations in the content and implementation of the Dodd–Frank bill, as well as the waning support for carbon markets more generally within the US since the bill's passage.     

Fighting for Liberal Peace in Mali? The Limits of International Military Intervention

The January 2013 French military intervention in Mali exposed the rising threat of ‘terrorist’ and illicit networks in the Sahel, but more importantly the intertwined limits of Malian politics and of the international politics of African conflict management. While much has been written about the ‘liberal peace’, this article argues that what is at stake in this debate is the consistency of the ‘liberal peace’ ideological form and what governance requirements it imposes. Such an ideology necessarily intersects with ongoing Malian peace-, nation- and statebuilding dynamics and competing normative orders that transcend state borders and nationalist projects.