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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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During the 1980s, the United States initiated an explicit policy of democracy promotion throughout the world. William Robinson (1996) more accurately described this initiative as “promoting polyarchy,” whereby the United States supported moderate elite actors that promoted neoliberal economic policies to displace both right-wing and communist despots, such as General Augusto Pinochet in Chile and Soviet rulers in Eastern Europe.
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Core countries, including the United States, and global financial institutions have exerted an unmatched power to define and implement neoliberal policies, globally. These policies conceive of development as strictly economic in nature and call for a reduction in the size of the state and increasing privatization to guarantee growth. In this paper I examine Ecuador’s adoption of ‘Buen Vivir’ to understand how the state can challenge the neoliberal agenda and how its power is redefined in the process.
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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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Raphael Charron-Chenier and Louise Seamster on debt and social inequality.
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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.
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How do investors enter and navigate markets where there is a general lack of access to information and where the law is open to interpretation? Drawing on interview data with 100 research subjects in Vietnam’s real estate market, this article makes contributions to the literatures of economic sociology and development. First, looking at a diverse set of local, regional, and global investors, I theorize how market actors pursue different strategies to manage risky investments based on their proximity to state officials.
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We examine immigrants’ earnings trajectories and measure the extent and speed with which they are able to reduce the earnings gap with natives, using a dataset that links respondents of the Survey of Income and Program Participation (SIPP) to their longitudinal earnings obtained from individual tax records. Our analysis addresses key debates regarding ethnoracial and cohort differences in immigrants’ earnings trajectories.
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The April 2018 article of Diana Mutz “Status Threat, Not Economic Hardship, Explains the 2016 Presidential Vote,” was published in the Proceedings of the National Academy of Sciences and contradicts prior sociological research on the 2016 election. Mutz’s article received widespread media coverage because of the strength of its primary conclusion, declaimed in its title. The present article is a critical reanalysis of the models offered by Mutz, using the data files released along with her article.
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On the origins and consequences of Trump’s attempt to de-globalize the American economy, from working-class living standards to the global balance of power.
