After the Crisis and Beyond the New Constitutionalism? The Case of the Free Movement of Capital

Dierckx, Sacha

doi:10.1080/14747731.2013.814450

Cited by 15 publications

(10 citation statements)

References 35 publications

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“…I return to this point in the next section but part of the failing forward of neoliberalism has been the efforts to secure what Stephen Gill terms the ‘new constitutionalism’ (e.g. Gill, 2008) whereby neoliberalism has been steadily able to institutionalise policies and frameworks into legal and quasi-legal arrangements, in order to gain further insulation against backlash, with each iteration of forward failure (Dierckx, 2013). This has transformed much social policy and [emphasised] ‘values such as market efficiency, discipline, business confidence, policy credibility and consistency, and competitiveness’ (Dierckx, 2013: 804).…”

Section: The Origins and Mandate Of The Ebrdmentioning

confidence: 99%

“…Gill, 2008) whereby neoliberalism has been steadily able to institutionalise policies and frameworks into legal and quasi-legal arrangements, in order to gain further insulation against backlash, with each iteration of forward failure (Dierckx, 2013). This has transformed much social policy and [emphasised] ‘values such as market efficiency, discipline, business confidence, policy credibility and consistency, and competitiveness’ (Dierckx, 2013: 804). As with other similar institutions like the IFC, EBRD involvement validates certain projects by ensuring that not only are the relevant risk assessments in place but that the EBRD’s own finance is directly invested.…”

Section: The Origins and Mandate Of The Ebrdmentioning

confidence: 99%

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The EBRD, fail forward neoliberalism and the construction of the European periphery

Shields

2020

Econ. labour relat. rev.

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The European Bank for Reconstruction and Development is an institution, a set of programmes and policies designed to mark a number of important reforms not just in the post-Soviet space but in the wider European political economy. It is committed to developing a competitive business environment, foreign investment and private sector activity in the post-communist space. The European Bank for Reconstruction and Development is considered to be a key inter-state mechanism enabling member states to negotiate post-communist reforms. The paper reorients analysis of the European Bank for Reconstruction and Development, claiming that existing framings of the role of the EBRD ignore its tangible neoliberalising pressures. It argues that the EBRD works to fundamentally restructure states in the post-communist space in three ways: (1) the configuration of an ‘appropriately’ neoliberal economic space, (2) the construction of subaltern subjectivities in the regional space, and (3) the persistent dominance of expert knowledge and policy practice external to the state. This restructuring is intended to further neoliberalism in the economic space of the region. By uncoupling the European Bank for Reconstruction and Development from a state centric analysis, the paper reveals how the technical aspects of the European Bank for Reconstruction and Development activities configure particular neoliberal rationalities and competencies not as a putative superstate, but as a key site for the ever-deeper encroachment of neoliberalisation in peripheral European states. JEL Codes: P390, F550

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Section: The Origins and Mandate Of The Ebrdmentioning

confidence: 99%

Section: The Origins and Mandate Of The Ebrdmentioning

confidence: 99%

The EBRD, fail forward neoliberalism and the construction of the European periphery

Shields

2020

Econ. labour relat. rev.

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“…There has been remarkably little engagement from a historical materialist perspective with the recent deployment of CC, and more broadly with analyses of CC in general. Notable exceptions include the work of Soederberg (2002Soederberg ( , 2004 and more recently Dierckx (2013Dierckx ( , 2015. In an important article, Soederberg (2002: 491) identifies three analytical weaknesses in the Keynesianinspired analyses of CC in DECC: (1) the tendency to "treat CC as ready-made, technical policy instruments devoid of political and historical dimensions"; (2) the lack of attention to specific power relations; and, (3) to the role of CC in broader class-based strategies and in sustaining particular forms of capital accumulation.…”

Section: Global Financial Crisis and Recent Ccs: Regaining Policy Space?mentioning

confidence: 99%

Post-Crisis Capital Controls in Developing and Emerging Countries: Regaining Policy Space? A Historical Materialist Engagement

Alami

2019

Review of Radical Political Economics

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Recent political economy scholarship has interpreted the recent resurgence of capital controls across the Global South as attempts by some developing countries to preserve their policy space to pursue heterodox economic policies. This article critically engages with this literature and argues for the need to study capital controls in light of the social constitution and the class character of the capitalist state, money, and private capital flows. This argument is substantiated through a class analysis of the deployment of capital controls in Brazil from 1945 to 2014, which emphasizes the crucial role that capital controls have historically played in the reproduction of capitalist social relations and particular forms of class rule in Brazil. JEL Classification: F30, F32, F38, F54

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“…49 The greater emphasis of emerging powers on pragmatic economic interventionism has also had implications for multilateral projects such as capital account liberalization, which was championed by established powers as a new international norm and commitment at the IMF. 50 The conflict line over global governance's social purpose is reflected in deep disagreements over the operational implementation of human rights and the cosmopolitan concept of "conditional sovereignty." 51 Emerging powers express an affinity for hard conceptions of sovereignty as the basis for international relations.…”

Section: A Struggle Is Ensuing For Leadership and Privilege Within Global Governancementioning

confidence: 99%

Emerging Powers and Emerging Trends in Global Governance

Stephen¹

2017

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After the Crisis and Beyond the New Constitutionalism? The Case of the Free Movement of Capital

Abstract: This

Cited by 15 publications

References 35 publications

The EBRD, fail forward neoliberalism and the construction of the European periphery

The EBRD, fail forward neoliberalism and the construction of the European periphery

Post-Crisis Capital Controls in Developing and Emerging Countries: Regaining Policy Space? A Historical Materialist Engagement

Emerging Powers and Emerging Trends in Global Governance

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