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Priests of Prosperity
Priests of Prosperityexplores the unsung revolutionary campaign to transform postcommunist central banks from command-economy cash cows into Western-style monetary guardians. Juliet Johnson conducted more than 160 interviews in seventeen countries with central bankers, international assistance providers, policymakers, and private-sector finance professionals over the course of fifteen years. She argues that a powerful transnational central banking community concentrated in Western Europe and North America integrated postcommunist central bankers into its network, shaped their ideas about the role of central banks, and helped them develop modern tools of central banking.
Johnson's detailed comparative studies of central bank development in Hungary, the Czech Republic, Slovakia, Russia, and Kyrgyzstan take readers from the birth of the campaign in the late 1980s to the challenges faced by central bankers after the global financial crisis. As the comfortable certainties of the past collapse around them, today's central bankers in the postcommunist world and beyond find themselves torn between allegiance to their transnational community and its principles on the one hand and their increasingly complex and politicized national roles on the other.Priests of Prosperitywill appeal to a diverse audience of scholars in political science, finance, economics, geography, and sociology as well as to central bankers and other policymakers interested in the future of international finance, global governance, and economic development.
eBook
Feminist everyday political economy: Space, time, and violence
It goes without saying that feminist International Political Economy (IPE) is concerned in one way or another with the everyday – conceptualised as both a site of political struggle and a site within which social relations are (re)produced and governed. Given the longstanding grounding of feminist research in everyday gendered experiences, many would ask: Why do we need an explicit feminist theorisation of the everyday? After all, notions of everyday life and everyday political struggle infuse feminist analysis. This article seeks to interrogate the concept of the everyday – questioning prevalent understandings of the everyday and asking whether there is analytical and conceptual utility to be gained in articulating a specifically feminist understanding of it. We argue that a feminist political economy of the everyday can be developed in ways that push theorisations of social reproduction in new directions. We suggest that one way to do this is through the recognition that social reproduction is the everyday alongside a three-part theorisation of space, time, and violence (STV). It is an approach that we feel can play an important role in keeping IPE honest – that is, one that recognises how important gendered structures of everyday power and agency are to the conduct of everyday life within global capitalism.
Journal Article
Divided Gulf : The Anatomy of a Crisis
This book discusses the various critical dimensions of the Qatar Crisis as a development that has fundamentally reshaped the nature of regional integration for the near future. It represents the first academic attempt to challenge the commonly propagated binary view of this conflict. Further, the book explains the Gulf Crisis in the context of the transformation of the Gulf in the early 21st century, with new alliances and balances of power emerging. At the heart of the book lies the question of how the changing global and regional order facilitated or even fuelled the 2017 Crisis, which it argues was only the most recent climax in an ongoing crisis in the Gulf, on that had been simmering since 2011 and is rooted in historical feuds that date back to the 1800s. While contextualizing the crisis historically, the book also seeks to look beyond historical events to identify underlying patterns of identity security in connection with state and nation building in the Gulf.
Book
The new interdependence approach: theoretical development and empirical demonstration
Mainstream approaches to international political economy seek to explain the political transformations that have made more open trade relations possible. They stress how changing coalitions of interest groups within particular states and changing functional needs of states give rise to new international agreements. While these approaches remain valuable, they only imperfectly encompass a new set of important causal relations. We now live in the world that trade built - a world where greater interdependence has major consequences both for actors' interests and their ability to pursue those interests. A new body of work, which we have called the 'new interdependence' explains how these transformations are playing out. The new interdependence stresses a structural vision of international politics based on rule overlap between different national jurisdictions, which leads to clashes over whose rules should apply when. This not only generates tensions, but also opportunity structures that may help actors to better shape potential solutions to these clashes. However, some actors will have greater access to these opportunity structures, and hence greater influence and bargaining strength - than others. These three factors - rule overlap, opportunity structures and power asymmetries - provide the basis for a compelling understanding of international politics.
Journal Article
Nationalism and Nationhood in the United Arab Emirates
This book shows how an encounter with everyday nationhood in the northern United Arab Emirates can make us revisit the classics of sociology as continuous analytical world-views. Through the textual universe of Georg Simmel, and in particular his analysis of modern life as the feeling of dualism, the project reflects about how seemingly crucial challenges to the national - the forces of globalization and the wish to be unique - are drawn together with the formation of nationhood in everyday life. It does so not least by attending to the instances of everyday nationhood - like fashion and car-driving - that are at the same time central ways of embodying the modern. This volume appeals to students of nationalism, classical sociology, and the modern Arab Gulf. Martin Ledstrup is Researcher in the Centre for Contemporary Middle East Studies, University of Southern Denmark, Denmark.
Book
Legitimacy in intergovernmental and non-state global governance
Do requirements for legitimate global governance vary across intergovernmental and non-state governance institutions? The author introduces a framework to address this question that draws attention to the social forces and power dynamics at play in determining what standards of legitimacy apply. Rather than beginning with a focus on democratic legitimacy, which pre-judges what legitimacy requires, the framework posits that what constitutes legitimacy results from an interaction of communities who must accept the authority of the institution with broader legitimating norms and discourses - or social structure - that prevail in the relevant issue area. To illustrate its plausibility, the framework is applied to a comparison of intergovernmental and non-state institutions in the social and environmental issue area: the intergovernmental Kyoto Protocol on climate change and members of the non-state International Social and Environmental Accreditation and Labeling Alliance, an umbrella organization created to develop agreement on 'best practices' for its members. Implications of the findings for legitimacy of global economic governance are also explored.
Journal Article
Why Cooperate?
Climate change, nuclear proliferation, and the threat of a global pandemic have the potential to impact each of our lives. Preventing these threats poses a serious global challenge, but ignoring them could have disastrous consequences. How do we engineer institutions to change incentives so that these global public goods are provided? This book provides an introduction to the issues surrounding the provision of global public goods. Using a variety of examples to illustrate past successes and failures, the book shows how international cooperation, institutional design, and the clever use of incentives can work together to ensure the effective delivery of global public goods.
eBook