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Business of the State
As the world moves towards decarbonization and the race for clean energy technologies accelerates, states in the global south are increasingly called upon to supply critical minerals to fuel the transition. Business of the State details how mineral states might design effective growth strategies in this context of strategic competition and climate emergency, via the rise of a hybrid developmental strategy during 1990s and 2010s- the embrace of market-conforming policies to attract FDI and the re-assertion of state-owned enterprises (SOEs) as players in industrial development. Drawing from the experiences of Brazil's Petrobras and Chile's Codelco, the book argues that SOEs might open new path...
Embedded in Nature
The economy is embedded in, and dependent on, nature. Yet economic activity is degrading nature at an unprecedented pace. Interacting with climate change, nature loss and transformation generates significant threats to the global economy and financial system. However, work on the implications of nature-related risks for macroeconomic and financial sector policies remains at an early stage. This note seeks to contribute to this emerging policy space in three main ways: (i) it proposes a conceptual framework for understanding nature-related risks by mapping out macroeconomic transmission channels, emphasizing their impact on the economy and financial systems through “double materiality;” (ii) it conducts empirical analysis, finding that nearly 38 percent of bank loans of the 100 largest global banks are to harmful subsidies-dependent sectors and 44 percent are exposed to conservation areas under the Global Biodiversity Framework, and that industries most exposed to nature degradation are not well prepared to manage these risks; and (iii) it discusses takeaways for macroeconomic and financial sector policies and frameworks.
The Spectre of State Capitalism
The state is back, and it means business. Since the turn of the 21st century, state-owned enterprises, sovereign funds, and policy banks have vastly expanded their control over assets and markets. Concurrently, governments have experimented with increasingly assertive modalities of statism, from techno-industrial policies and spatial development strategies to economic nationalism and trade and investment restrictions. This book argues that we are currently witnessing a historic arc in the trajectories of state intervention, characterized by a drastic reconfiguration of the state's role as promoter, supervisor, shareholder-investor, and direct owner of capital across the world economy. It off...
Borderland
Every two seconds a person is displaced, caught in one of the more than 40 active conflicts around the world that show no sign of ending. Since 1994, there has been ongoing war in the Democratic Republic of Congo, which has uprooted millions of people and resulted in the deaths of millions more. In the West, we have entered a political era where our border policies are underpinned by unending wars. At this critical juncture, how can journalists, especially those engaged in foreign correspondence, tell these stories? How can they make connections across time and space, and across politics, economics, environments, and crucially, people? Given its colonial history, are these connections possib...
Disrupted Development in the Congo
Since the turn of the century, low-income African countries have undergone a process of mining industrialization led by transnational corporations. The process has been sustained by an African Mining Consensus uniting international financial institutions, African governments, development agencies, and various strands of the academic literature. The Consensus position is that mining industrialization can drive transformative processes of social and economic development in low-income African settings. For this, state-owned enterprises and local forms of labour-intensive mining are deemed unsuitable. The former is characterized as corrupt and mismanaged, and the latter as an inefficient, subsis...
Foreign Aid and Its Unintended Consequences
Foreign aid and international development frequently bring with it a range of unintended consequences, both negative and positive. This book delves into these consequences, providing a fresh and comprehensive guide to understanding and addressing them. The book starts by laying out a theoretical framework based on complexity thinking, before going on to explore the ten most prevalent kinds of unintended effects of foreign aid: backlash effects, conflict effects, migration and resettlement effects, price effects, marginalization effects, behavioural effects, negative spillover effects, governance effects, environmental effects, and ripple effects. Each chapter revolves around a set of concret...
Rethinking Comparison
Brings together chapters from more than a dozen leading methods scholars to revolutionize qualitative research design. Provides novel strategies for conducting comparative political research beyond the controlled comparisons typically taught in graduate methods courses.
Gender and the Political Economy of Conflict in Africa
Violence affects the economy of production and the ecology of reproduction— the production of economic goods and services and the generational reproduction of workers, the regeneration of the capacity to work and maintenance of workers on a daily basis, and the renewal of culture and society through community relations and the education of children Gender and the Political Economy of Conflict in Africa explores the persistence of violence in conflict zones in Africa using a political economy framework. This framework employs an analysis of violence on both edges of the spectrum—a macro-economic analysis of violence against workers and a micro-political analysis of the violence in women...
Mining, Mobility, and Social Change in the Global South
This volume focuses on how, why, under what conditions, and with what effects people move across space in relation to mining, asking how a focus on spatial mobility can aid scholars and policymakers in understanding the complex relation between mining and social change. This collection centers the concept of mobility to address the diversity of mining-related population movements as well as the agency of people engaged in these movements. This volume opens by introducing both the historical context and conceptual tools for analyzing the mining-mobility nexus, followed by case study chapters focusing on three regions with significant histories of mineral extraction and where mining currently ...
