Some thoughts on power: International context

Abstract

This is a polemical essay that enters into broad dialogue with the contemporary literature concerning the dynamic of power. It refers to the appropriate material and results from the research of different theories. It proposes the constitutive position of the power in the international situation. In contrast to some current theories, we emphasize the importance of the politicoeconomical approach, denoting that only the methodology based on the logics of political economy can explain the dynamics of power in the international context. The main thread of this essay is that the international constellation is not a neutral environment, but a framework that is deeply determined by the power-relations. The central idea is that these relations should be explicated by the complex relationships between freedom and order. We analyze the interaction between the politics and economy as the constitutive feature of the structure of international context. This essay is divided into three sections. First, we are treating the meaning of order in an international context, in respect to the political-economic aspects of late capitalism. The notion of this order has a great importance in the economic reflections. The dynamic of the interconnectedness of global capitalism is examined considering the systematic aspects of power. After that we are analyzing different, and selected, aspects of the international sphere including: the spatiality of the world order, that is, the spatial aspects of the international dynamics in the context of globalization, the convergence or divergence between the capitalist and territorial logic, the ?legaleconomic nexus? in international ?chain?, the processes of the modification of the forms of competition within recent globalization, and the political-economic conflicts in relation to the regime of economic measurement. Starting with these considerations we explain the current debates on ?demondialization?, or the combination between neomercantilist and neoliberal policies.

Institutional quality and income inequality in the advanced countries

“…The nature of redistribution largely depends on asymmetry in power relations among different social groups. Moreover, power serves as an integral component in explaining the international structure and context (Josifidis and Alpar Lošonc 2014). There is extensive literature about the limitation of democratic institutions and, in this sense, elite's impact on income inequality and redistribution, whose influence could be also recognized in our research (for example: Chong and Gradstein 2007;James A. Robinson 2010;Daron Acemoglu et al 2013;Jon D. Wisman 2013;Michael Albertus and Victor Menaldo 2014;.…”

Power for growth: G20 economic policy and investments

“…The previous part of the paper proposed a view of the proposed investment regime, while the rest of the analysis seeks answers to the second questionhas this result (a proposed global regime for investments) been implemented and was it effective. 10 For details see: Overview of World Bank Group Infrastructure Deliverables for the G20 Investment and Infrastructure Working Group, 2015, Washington, D.C: World Bank Group 11 From "G20 Action Plan on SME Financing -Joint Action Plan of G20 GPFI SME Finance Sub-Group and IIWG", Antalya, Turkey, 2015, available from http://www.g20.utoronto.ca/2015/151116-communique.html#annex As for the overall result of the G20 actions, Graph 2 shows that both immediate and longer-term effects of the crisis were felt to a slightly lesser extent in the G20 (though this has also to be attributed to the stronger economic health). However, the downward and upward trends for the world GDP and the G20 seem parallel in the period 2007-2016, although the gap has been narrowing since 2015.…”

“…"The G20 should encourage G20 countries and non G20 countries to fully develop credit infrastructure for SMEs, improve SME financial capability through targeted learning and support interventions and enable competition through an enabling regulatory environment". 11 As for the sector, investments in infrastructure have been again highlighted, and particular attention has been paid to raising efficiency of public investment in sustainable infrastructure projects in emerging markets and low-income countries, in order to achieve a three-sided goal: be responsive to global demographic changes, take into the account environmental safeguards and climate shifts, and contribute to decreasing levels of inequality. Funding of private sector has also been emphasized as one of the priorities, especially focusing on multilateral and national development banks' and foreign direct investments' roles in that respect.…”

The European Welfare State Regimes: Questioning the Typology During the Crisis

“…There are a number of papers that discuss the influence of the previous crises, and project the effects of the current crisis on the European welfare states in the institutional context. The findings contained in several papers were particularly influential for our research (Hemerijck et al 2009;Castles 2010;Ferreiro, Gómez 2014;Hartmann-Hirsch 2010;Josifidis et al 2010Josifidis et al , 2014Palier 2010;Stiller 2010;Adema et al 2011;Chung, Thewissen 2011;Chung, Van Oorschot 2011;Sacchi et al 2011;Starke et al 2011Starke et al , 2013Theodoropoulou, Watt 2011;Vis et al 2011;Yerkes, van der Veen 2011;Clasen et al 2012;De Beer 2012;Blot et al 2014;Hermann 2014;Peinado, Serrano 2014;Verbič, Spruk 2014). The authors listed above do not share unique opinion about the need, and type, of responses of the welfare state to the crisis in the context of long versus short term reforms, or convergent versus divergent reactions.…”