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| 1 |
ID:
144254
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| Summary/Abstract |
Funded at $100 billion each, the BRICS Contingent Reserve Arrangement (CRA) and New Development Bank (NDB) represent ‘sub-imperial’ finance, insofar as, by all indications, they fit into – instead of providing alternatives to – the prevailing world systems of sovereign debt and project credits. Balance of payments constraints for BRICS members will not be relieved by the CRA, which requires an IMF intervention after just 30% of the quota is borrowed. In this context the NDB would appear close to the Bretton Woods Institution model, promoting frenetic extractivist calculations based on US dollar financing and hence more pressure to export.
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| 2 |
ID:
169126
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| Summary/Abstract |
Turkey recently initiated a political change by replacing its parliamentary model with the presidential governmental system (PGS) to achieve, inter alia, a structural transformation from an efficiency-driven to an innovation-driven model of growth. To investigate the PGS’s potential for mediating such a change, this paper uses four key concepts of institutionalist analysis: systemic governance, credible commitment, institutional fragmentation and institutional traps. In doing so, the paper concludes that the PGS’s potential to unleash a structural transformation towards an innovation-driven and high growth depends on the prospect of its mediating an imperative commitment in political and economic governance. This prospect proves to be weak due to both the PGS’s institutional pillars and the path-dependent dynamics of the country’s trap in efficiency-driven growth that have become embedded under a parliamentary model.
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| 3 |
ID:
158917
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| Summary/Abstract |
The level of, and trends in, global inequality and global poverty are indicative assessments of who has benefited from economic growth. The revision of price data has led to a reassessment of those estimates. Through an extensive overview of the implications, we argue that the data can be read in different ways. Official estimates show global extreme poverty and global inequality are considerably lower than previously thought. We argue that these changes are much less significant than they at first appear, and we present a more nuanced alternative interpretation by exploring changes across the entire global distribution.
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| 4 |
ID:
163050
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| Summary/Abstract |
This article provides a critical examination of the current extensive promotion of ‘self-reliance’ for refugees. The existing scholarship largely ignores the unsuccessful historical record of international assistance to foster refugees’ self-reliance and fails to discuss its problematic linkages to neoliberalism and the notion of ‘dependency’. The article reveals that the current conceptualisation and practice of self-reliance are largely shaped by the priorities of international donors that aim to create cost-effective exit strategies from long-term refugee populations. The authors argue that where uncritically interpreted and applied, the promotion of self-reliance can result in unintended and undesirable consequences for refugees’ well-being and protection.
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