Competition & Change最新文献_第3页

Finance as a form of economic planning? On the financialization of planning and its democratization 金融是一种经济规划形式？规划的金融化及其民主化

Competition & Change Pub Date : 2023-12-01 DOI: 10.1177/10245294231217578

Christoph Sorg

{"title":"Finance as a form of economic planning? On the financialization of planning and its democratization","authors":"Christoph Sorg","doi":"10.1177/10245294231217578","DOIUrl":"https://doi.org/10.1177/10245294231217578","url":null,"abstract":"Recent years have seen a resurgent debate on economic planning in the age of digitalization and climate crisis and an extremely dynamic research community has formed around the theme of planning. Although the notion that “planning is already endemic in capitalism” has originally sparked the debate, the literature has mostly focused on theory and models of postcapitalist economic planning, not on how planning in capitalism actually works. Considering the financial system as one of the ways capitalism “plans,” this paper will expand on a rather dispersed series of observations by different commentators that “finance is a form of planning,” that central banks share similarities with “central planners” and that horizontal ownership across markets turns index funds into universal owners with the capacity to steer economic development. I will first argue that financialization has strongly influenced how contemporary economic planning works. Against this background, the text will then elaborate on how finance’s capacity for economic coordination makes it a potential tool for transformation towards increasing social and democratic control over the economy. In doing so, this paper connects the new debate on economic planning to the academic literature on financialization and the democratization of finance.","PeriodicalId":207354,"journal":{"name":"Competition & Change","volume":"113 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138609585","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Automating away the centre? Optimal planning and the menace of bureaucratisation 中心自动化？优化规划与官僚化的威胁

Competition & Change Pub Date : 2023-11-27 DOI: 10.1177/10245294231218868

Max Grünberg

引用次数: 0

The European Investor State has no clothes. Generic promises and local weaknesses of green public subsidies in France 欧洲投资国不穿衣服。法国绿色公共补贴的通用承诺和地方弱点

Competition & Change Pub Date : 2023-11-26 DOI: 10.1177/10245294231213413

Antoine Ducastel, Camille Rivière, Edoardo Ferlazzo

{"title":"The European Investor State has no clothes. Generic promises and local weaknesses of green public subsidies in France","authors":"Antoine Ducastel, Camille Rivière, Edoardo Ferlazzo","doi":"10.1177/10245294231213413","DOIUrl":"https://doi.org/10.1177/10245294231213413","url":null,"abstract":"This article concentrates on the funding of green transition policies implemented in France during the 2010s. Instead of examining the emerging European Investor State through its “new” public investment policies, such as loans, equity, investment banks, and funds, this article examines the transformations of “older” public investment policies, specifically investment subsidies. We contend that the European Investor State is currently marked by a paradox: while public resources for investment, particularly for green transition investments, are increasing, the means to distribute these resources are diminishing. Austerity measures and new public management policies are undermining territorial administrations, thereby limiting their ability to accurately identify and support beneficiaries. This bureaucratic weakness within the European Investor State significantly affects the effective distribution of subsidies, because they tend to be increasingly concentrated among larger communities and companies, as well as a broad spectrum of private intermediaries. Consequently, the European Investor State appears multifaceted and occasionally contradictory, lacking long-term continuity.","PeriodicalId":207354,"journal":{"name":"Competition & Change","volume":"47 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139235884","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

State roles in platform governance: AI’s regulatory geographies 国家在平台治理中的作用：人工智能的监管地域

Competition & Change Pub Date : 2023-11-23 DOI: 10.1177/10245294231218335

Fabian Ferrari

引用次数: 0

Avoiding the China shock: How Chinese state-backed internationalization drives changes in European economic governance 避免中国冲击：中国国家支持的国际化如何推动欧洲经济治理变革

Competition & Change Pub Date : 2023-11-21 DOI: 10.1177/10245294231207990

Helena Gräf, Stefan Schmalz

{"title":"Avoiding the China shock: How Chinese state-backed internationalization drives changes in European economic governance","authors":"Helena Gräf, Stefan Schmalz","doi":"10.1177/10245294231207990","DOIUrl":"https://doi.org/10.1177/10245294231207990","url":null,"abstract":"The state-backed internationalization of Chinese companies has led to conflicts in the EU over potential market distortions and security concerns. The EU has responded to this challenge with increasing state intervention and defensive measures in trade and investment regulation, competition policy, and industrial policy. Drawing on comparative capitalisms research and Neo-Gramscian perspectives on European integration, we analyze how European economic governance has changed under the pressure of Chinese competition. Based on 31 semi-structured expert interviews and a document analysis, this exploratory study examines the EU’s response in these policy fields. We observe a gradual, albeit contested change of European Economic Governance in two phases since 2017, primarily driven by a new “China-threat-coalition” in Germany. We argue that there is no overall paradigm shift in the neoliberal mode of European integration, but there are nonetheless significant changes as new “filter functions” have emerged that tend to “bypass” EU economic governance and filter out “market-distorting” state-capitalist influences.","PeriodicalId":207354,"journal":{"name":"Competition & Change","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139250715","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

From coworking to competing? Business models and strategies of UK coworking spaces beyond the COVID-19 pandemic 从合作到竞争?2019冠状病毒病大流行后英国联合办公空间的商业模式和策略

Competition & Change Pub Date : 2023-08-29 DOI: 10.1177/10245294231197798

E. Yates, G. Charnock, F. H. Pitts, J. Johns, Ö. Bozkurt

{"title":"From coworking to competing? Business models and strategies of UK coworking spaces beyond the COVID-19 pandemic","authors":"E. Yates, G. Charnock, F. H. Pitts, J. Johns, Ö. Bozkurt","doi":"10.1177/10245294231197798","DOIUrl":"https://doi.org/10.1177/10245294231197798","url":null,"abstract":"This paper examines the growth of the UK coworking space (CWS) sector in the context of the COVID-19 pandemic, drawing on data from a multi-year study comprising 44 interviews with CWS owners, managers, and other key economic actors. The paper offers a novel contribution by drawing on critical political economy to conceptualise CWS as capitalist enterprises providing fixed capital of an independent kind in competitive markets increasingly shaped by changing urban commercial real estate dynamics which necessitate that CWS adapt their business models to remain economically viable. The paper finds the entry of large corporate actors in the CWS sector is forcing smaller independent CWS to diversify to remain competitive. This pressure inhibits the ability of CWS to adhere to – and offer services matching – the aims of early CWS, namely the cultivation of a community of like-minded individuals who cowork to reduce rental costs and social isolation. These findings are theoretically and empirically significant as they illustrate how rapid sectoral shifts are driven by business decisions with structural causes, rather than being due to the actions of individual users of CWS or the communities they serve. These findings have implications for understanding the future of coworking and provide new insights into how competition shapes and changes the business models and competitive strategies of enterprises.","PeriodicalId":207354,"journal":{"name":"Competition & Change","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126128142","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The politics of structural reform in Ireland: Dominant growth coalitions, domestic business elites, and internal devaluation 爱尔兰结构性改革的政治:主导增长联盟、国内商业精英和内部贬值

Competition & Change Pub Date : 2023-08-24 DOI: 10.1177/10245294231194694

Neil Dooley

{"title":"The politics of structural reform in Ireland: Dominant growth coalitions, domestic business elites, and internal devaluation","authors":"Neil Dooley","doi":"10.1177/10245294231194694","DOIUrl":"https://doi.org/10.1177/10245294231194694","url":null,"abstract":"This paper broadens the scope of the Growth Model (GM) research agenda beyond the study of ‘core’ business elites by investigating the influence of (oft-neglected) non-core business actors and sectoral interests in determining growth strategies. To do so it looks at a crucial case in the GM debate: Ireland. Ireland’s robust recovery from the eurozone crisis has set it apart from the rest of the eurozone periphery. For GM scholarship, Ireland’s recovery has been driven by its long-established multinational/export sector, which is relatively indifferent to the effects of austerity and internal devaluation. Why, then, was internal devaluation a central plank of Ireland’s crisis response and Economic Adjustment Programme (EAP)? Drawing on 10 original interviews with Irish business elites and policy makers and documentary evidence, this paper shows that domestic, not multinational, business elites played a key role in framing conditionality related to competitiveness and labour market reform in the Irish EAP. This challenges the concept of ‘dominant growth coalitions’ and argues that an exclusive focus on ‘core’ business elites neglects the ability of other fractions of business power to determine growth strategies. Looking beyond ‘core’ business elites makes it possible to identify transformation behind more obvious patterns of continuity.","PeriodicalId":207354,"journal":{"name":"Competition & Change","volume":"57 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130417975","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Building an island of state capacity: How the UK state implemented the Thames Tideway Tunnel with market-based finance 建立国家能力岛:英国政府如何利用市场化融资实施泰晤士河潮汐隧道

Competition & Change Pub Date : 2023-08-18 DOI: 10.1177/10245294231193084

Francesco Findeisen

{"title":"Building an island of state capacity: How the UK state implemented the Thames Tideway Tunnel with market-based finance","authors":"Francesco Findeisen","doi":"10.1177/10245294231193084","DOIUrl":"https://doi.org/10.1177/10245294231193084","url":null,"abstract":"This article contributes to the literature on state capacity in financialized political economies by studying the market-based investment setting for the Thames Tideway Tunnel, a £4.2 billion sewer, built underneath central London to prevent raw sewage from spilling into the River Thames. Most analyses conclude that financial statecraft undermines state capacities, as it empowers finance and exposes states to uncontrollable risks. This article moves beyond these accounts by arguing that public policy officials engage with finance instrumentally, taking on risks to solve the governing challenges they face. It demonstrates that state action can build islands of state capacity with financial statecraft in fragmented policy environments. Based on expert interviews and documentary analysis, the article traces how the UK’s Ministry of the Environment experimented with a policy instrument and used investment capacities from different levels of government, to implement the Thames Tideway Tunnel through institutional equity investment and share risks in the privatized and financialized environmental sector. The paper concludes that under the current conjuncture, financial statecraft will play an important role in addressing the climate crisis. Therefore, further comparative research is required to explore its normative paradox.","PeriodicalId":207354,"journal":{"name":"Competition & Change","volume":"17 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-08-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129562919","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Theorizing globalized production and digitalization: Towards a re-centering of value 理论化全球化生产与数字化:走向价值的重新中心

Competition & Change Pub Date : 2023-08-03 DOI: 10.1177/10245294231193083

Christopher Foster

引用次数: 2

Intellectual property strategy and the governance of technological platform-driven global value chains: The case of Qualcomm 知识产权战略与技术平台驱动的全球价值链治理:以高通公司为例

Competition & Change Pub Date : 2023-07-20 DOI: 10.1177/10245294231190168

Ke Ding, Shiro Hioki

引用次数: 1

Competition &amp; Change最新文献

Competition & Change最新文献