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Financialized Growth and the Structural Power of Finance: Turkey's Debt-Led Growth Regime and Policy Response after the Crisis 金融化增长和金融的结构性力量:危机后土耳其债务主导的增长机制和政策应对
IF 2.4 2区 社会学
Politics & Society Pub Date : 2022-09-25 DOI: 10.1177/00323292221125566
Ayça Zayim
{"title":"Financialized Growth and the Structural Power of Finance: Turkey's Debt-Led Growth Regime and Policy Response after the Crisis","authors":"Ayça Zayim","doi":"10.1177/00323292221125566","DOIUrl":"https://doi.org/10.1177/00323292221125566","url":null,"abstract":"This article analyzes the Turkish central bank's “managed uncertainty” policy after the global financial crisis. During 2010–14, the central bank intentionally generated uncertainty around short-term interest rates, using the level of predictability faced by financiers as a tool to buffer the domestic economy from volatile capital flows. How did the central bank implement this unconventional policy? Building on interview data and public texts, the article argues that the surge in capital inflows after the crisis sourced a debt-led, financialized economic growth model and deepened Turkey's reliance on external financing. The central bank could diverge from the financial sector's policy preferences despite Turkey's increased foreign capital dependence because the availability of low-cost, ample, private funding opportunities temporarily expanded policymakers’ room to maneuver. However, operating vis-à-vis an unsustainable growth regime, the central bank had to revert to orthodoxy in 2014 due to declining investor confidence and capital flight. This article contributes to the literature on the structural power of finance by demonstrating how finance derives its structural power from funding financialized growth, not productive investments. It also shows that financial structural power varies based on the source and cost of external financing beyond the degree of foreign capital dependence.","PeriodicalId":47847,"journal":{"name":"Politics & Society","volume":"50 1","pages":"543 - 570"},"PeriodicalIF":2.4,"publicationDate":"2022-09-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47898598","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Harvesting Influence: Agrarian Elites and Democracy in Brazil 收割的影响:巴西的农业精英与民主
IF 2.4 2区 社会学
Politics & Society Pub Date : 2022-05-09 DOI: 10.1177/00323292221094882
Belén Fernández Milmanda
{"title":"Harvesting Influence: Agrarian Elites and Democracy in Brazil","authors":"Belén Fernández Milmanda","doi":"10.1177/00323292221094882","DOIUrl":"https://doi.org/10.1177/00323292221094882","url":null,"abstract":"With size, voting discipline, and technical resources superior to those of most Brazilian parties, in the last two decades, the support of the Agrarian Caucus has become crucial for the realization of presidents’ legislative agenda. In a country where 87 percent of the population is urban, how have representatives of the agrarian elites become key players in bargaining on nonagrarian issues? This article argues that Brazilian agrarian elites have been so successful because they have devised an electoral strategy that maximizes their leverage in a fragmented party system with ideologically weak right-wing parties. Empirically, I show how agrarian elites in Brazil finance legislative campaigns, mobilize voters, and subsidize the legislative work of politicians from their ranks, independently of their partisan affiliation. Theoretically, I discuss the advantages of a candidate-centered electoral strategy: self-representation and multipartisanship. While self-representation has granted agrarian elites direct access to agenda-setting positions within Congress, having members in many parties has increased the number of agenda-setting positions they can control and guaranteed their presence in the legislative coalition of right- and left-wing presidents alike.","PeriodicalId":47847,"journal":{"name":"Politics & Society","volume":"51 1","pages":"135 - 161"},"PeriodicalIF":2.4,"publicationDate":"2022-05-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44466264","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
The Formalization of Informal Workers at Hyundai Motor Company 现代汽车公司非正式员工的正规化
IF 2.4 2区 社会学
Politics & Society Pub Date : 2022-03-04 DOI: 10.1177/00323292221078652
Minhyoung Kang
{"title":"The Formalization of Informal Workers at Hyundai Motor Company","authors":"Minhyoung Kang","doi":"10.1177/00323292221078652","DOIUrl":"https://doi.org/10.1177/00323292221078652","url":null,"abstract":"Hyundai Motor Company (HMC) has departed from the general tendency in the neoliberal era toward labor casualization. Nonregular workers at HMC have succeeded in having their employment status converted from precarious to permanent. I investigate why informal workers at HMC have been more successful in regularizing their status than informal workers in the shipbuilding industry. I contend that the deskilled labor process in automobile production provides favorable conditions for informal workers to organize themselves and stage disruptive protests. These differences in the labor process, however, cannot fully explain the success of HMC given the failure in other automobile factories. I argue that self-organization and protests led by rank-and-file informal workers as well as solidarity from left-leaning formal workers played decisive roles in formalizing informal workers at HMC. I conclude by stressing the importance of structural conditions and workers’ collective actions in explaining the divergent outcomes in limiting dualization.","PeriodicalId":47847,"journal":{"name":"Politics & Society","volume":"51 1","pages":"108 - 134"},"PeriodicalIF":2.4,"publicationDate":"2022-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44909067","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
When Can Dictators Go It Alone? Personalization and Oversight in Authoritarian Regimes 独裁者什么时候可以独当一面?威权体制中的个性化与监督
IF 2.4 2区 社会学
Politics & Society Pub Date : 2022-03-04 DOI: 10.1177/00323292221078661
Andrew Leber, Christopher Carothers, M. Reichert
{"title":"When Can Dictators Go It Alone? Personalization and Oversight in Authoritarian Regimes","authors":"Andrew Leber, Christopher Carothers, M. Reichert","doi":"10.1177/00323292221078661","DOIUrl":"https://doi.org/10.1177/00323292221078661","url":null,"abstract":"Why are some autocrats able to personalize power within their regimes while others are not? Past studies have focused on the balance of power between the autocrat and his or her supporting coalition of peer or subordinate elites, but we find that often the crucial relationship is between the autocrat and the “old guard”—retired leaders, party elders, and other elites of the outgoing generation. Using an original data set of authoritarian leadership transitions, we argue that when members of the old guard retain oversight capacity over their incoming successor, he or she is less likely to overturn power-sharing arrangements and consolidate individual power. We illustrate this argument with a case study of three leadership transitions in China between 1989 and 2012. This study’s findings advance our understanding of elite politics and intergenerational conflict in authoritarian regimes.","PeriodicalId":47847,"journal":{"name":"Politics & Society","volume":"51 1","pages":"66 - 107"},"PeriodicalIF":2.4,"publicationDate":"2022-03-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45241635","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 5
Teacher Unions, Political Machines, and the Thorny Politics of Education Reform in Latin America 拉丁美洲教师工会、政治机器和教育改革的棘手政治
IF 2.4 2区 社会学
Politics & Society Pub Date : 2022-03-01 DOI: 10.1177/00323292211002788
Ben Ross Schneider
{"title":"Teacher Unions, Political Machines, and the Thorny Politics of Education Reform in Latin America","authors":"Ben Ross Schneider","doi":"10.1177/00323292211002788","DOIUrl":"https://doi.org/10.1177/00323292211002788","url":null,"abstract":"Existing research on developing countries emphasizes the decisive power of teacher unions in education politics. Yet that power varies, and a full understanding of the roots of union power and the sources of cross-national variation requires deeper analysis of organizational dynamics within unions. This analysis supports four arguments. First, teachers have a range of advantages in overcoming obstacles to collective action. Second, unions are not all alike; they vary widely, from interest groups (in Chile, Brazil, and Peru) to powerful political machines (in Mexico and Ecuador). Third, the source of this variation lies in factors (e.g., influence over teacher hiring) that shift power within unions from members to leaders in political-machine unions. Fourth, analyzing the dimensions of variation helps explain the different outcomes of recent reforms to teacher careers in Latin America, especially in highlighting the staunch opposition from political-machine unions.","PeriodicalId":47847,"journal":{"name":"Politics & Society","volume":"50 1","pages":"84 - 116"},"PeriodicalIF":2.4,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1177/00323292211002788","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"65269962","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 7
State Policy Regimes and Associational Roles in Technology Development: A Tale of Two Metropolises 国家政策体制与技术发展中的联合作用:两个大都市的故事
IF 2.4 2区 社会学
Politics & Society Pub Date : 2022-02-01 DOI: 10.1177/00323292211070077
Xiaoke Zhang
{"title":"State Policy Regimes and Associational Roles in Technology Development: A Tale of Two Metropolises","authors":"Xiaoke Zhang","doi":"10.1177/00323292211070077","DOIUrl":"https://doi.org/10.1177/00323292211070077","url":null,"abstract":"The lead trade associations of the bio-pharma and semiconductor industries have differed systematically in their roles in facilitating the development of innovation networks between Shanghai and Shenzhen, two prominent high-tech metropolises in China. Divergent associational roles stem from variations in the regional state policy regime that has exerted differential shaping influence on the structure of social cleavages and strength of reciprocity norms among member firms and on their willingness to actively and cooperatively engage in association-led networking activities. The bio-pharma and semiconductor associations whose network-building roles have been structured differently through varied state policy regimes have displayed dissimilar abilities to reduce network failures and promote the innovation competences of their member firms between the two metropolises. The empirical findings of the article carry important implications for understanding the causes and consequences of varied associational roles in the process of technology development in China, other emerging markets, and beyond.","PeriodicalId":47847,"journal":{"name":"Politics & Society","volume":"51 1","pages":"30 - 65"},"PeriodicalIF":2.4,"publicationDate":"2022-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43149361","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Eviction and Voter Turnout: The Political Consequences of Housing Instability 驱逐和选民投票率:住房不稳定的政治后果
IF 2.4 2区 社会学
Politics & Society Pub Date : 2021-11-01 DOI: 10.1177/00323292211050716
Gillian Slee, Matthew Desmond
{"title":"Eviction and Voter Turnout: The Political Consequences of Housing Instability","authors":"Gillian Slee, Matthew Desmond","doi":"10.1177/00323292211050716","DOIUrl":"https://doi.org/10.1177/00323292211050716","url":null,"abstract":"In recent years, housing costs have outpaced incomes in the United States, resulting in millions of eviction filings each year. Yet no study has examined the link between eviction and voting. Drawing on a novel data set that combines tens of millions of eviction and voting records, this article finds that residential eviction rates negatively impacted voter turnout during the 2016 presidential election. Results from a generalized additive model show eviction’s effect on voter turnout to be strongest in neighborhoods with relatively low rates of displacement. To address endogeneity bias and estimate the causal effect of eviction on voting, the analysis treats commercial evictions as an instrument for residential evictions, finding that increases in neighborhood eviction rates led to substantial declines in voter turnout. This study demonstrates that the impact of eviction reverberates far beyond housing loss, affecting democratic participation.","PeriodicalId":47847,"journal":{"name":"Politics & Society","volume":"51 1","pages":"3 - 29"},"PeriodicalIF":2.4,"publicationDate":"2021-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45411956","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Agents of Representation: The Organic Connection between Society and Leftist Parties in Bolivia and Uruguay 代表代理人:玻利维亚和乌拉圭社会与左翼政党的有机联系
IF 2.4 2区 社会学
Politics & Society Pub Date : 2021-09-28 DOI: 10.1177/00323292211042442
Santiago Anria, Verónica Pérez Bentancur, Rafael Piñeiro Rodríguez, F. Rosenblatt
{"title":"Agents of Representation: The Organic Connection between Society and Leftist Parties in Bolivia and Uruguay","authors":"Santiago Anria, Verónica Pérez Bentancur, Rafael Piñeiro Rodríguez, F. Rosenblatt","doi":"10.1177/00323292211042442","DOIUrl":"https://doi.org/10.1177/00323292211042442","url":null,"abstract":"Parties are central agents of democratic representation. The literature assumes that this function is an automatic consequence of social structure and/or a product of incentives derived from electoral competition. However, representation is contingent upon the organizational structure of parties. The connection between a party and an organized constituency is not limited to electoral strategy; it includes an organic connection through permanent formal or informal linkages that bind party programmatic positions to social groups’ preferences, regardless of the electoral returns. This article analyzes how the Movimiento al Socialismo (Movement toward Socialism, MAS) in Bolivia and the Frente Amplio (Broad Front, FA) in Uruguay developed two different forms of relationship with social organizations that result from the interplay of historical factors traceable to the parties’ formative phases and party organizational attributes. Party organizational features that grant voice to grassroots activists serve as crucial mechanisms for bottom-up incorporation of societal interests and demands.","PeriodicalId":47847,"journal":{"name":"Politics & Society","volume":"50 1","pages":"384 - 412"},"PeriodicalIF":2.4,"publicationDate":"2021-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42331353","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
Contesting Counterpublics: The Transformation of the Articulation of Rural Migrant Workers’ Rights in China’s Public Sphere, 1992–2014 对抗公众:1992-2014年中国公共领域农民工权利表达方式的转变
IF 2.4 2区 社会学
Politics & Society Pub Date : 2021-09-28 DOI: 10.1177/00323292211042441
Mujun Zhou
{"title":"Contesting Counterpublics: The Transformation of the Articulation of Rural Migrant Workers’ Rights in China’s Public Sphere, 1992–2014","authors":"Mujun Zhou","doi":"10.1177/00323292211042441","DOIUrl":"https://doi.org/10.1177/00323292211042441","url":null,"abstract":"This article extends the theoretical discussion of counterpublics and applies the concept to an authoritarian context. The article contends that it is necessary to distinguish between the counterpublic oriented by liberal ideology that criticizes authoritarianism at an abstract level (Counterpublic I) and the counterpublics that are concerned with substantive inequality (Counterpublic II). To illustrate the approach taken, the articulation of rural migrant workers’ rights between 1992 and 2014 is documented, demonstrating that, in the 1990s and early 2000s, most public discussion on the issue tended to reduce workers’ rights to civil rights. It was not until the late 2000s that alternative forms of rights, such as social rights, were thematized. As the article argues, this was because the power balance between Counterpublic I and Counterpublic II had been changed. The empirical study explains the transformation and highlights the heterogeneity within Counterpublic II by comparing the diverse strategies employed by different actors.","PeriodicalId":47847,"journal":{"name":"Politics & Society","volume":"50 1","pages":"351 - 383"},"PeriodicalIF":2.4,"publicationDate":"2021-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48556236","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Building Programmatic Linkages in the Periphery: The Case of the TRT Party in Thailand 在周边地区建立程序性联系:以泰国的TRT党为例
IF 2.4 2区 社会学
Politics & Society Pub Date : 2021-09-22 DOI: 10.1177/00323292211039954
Illan Nam, V. Nethipo
{"title":"Building Programmatic Linkages in the Periphery: The Case of the TRT Party in Thailand","authors":"Illan Nam, V. Nethipo","doi":"10.1177/00323292211039954","DOIUrl":"https://doi.org/10.1177/00323292211039954","url":null,"abstract":"Did the Thai Rak Thai (TRT) Party of Thailand, the first party in the country’s history to gain parliamentary dominance in 2001, represent a departure from traditional clientelistic Thai parties or was it old wine in a new bottle? This article argues that the TRT represented a new hybrid party that successfully established programmatic linkages in rural parts of the country by systematizing its use of informal social networks in local communities. By routinizing recruitment, training, and evaluation of its parliamentary candidates and their vote-canvassing networks, the TRT imparted midlevel politicians with the incentives and ability to promote the party’s policy agenda to rural voters and to cultivate new policy-oriented linkages alongside traditional clientelistic ones. By identifying specific organizational mechanisms by which the TRT combined programmatic and clientelistic linkages with rural voters, this study contributes to literature that examines hybrid party strategies as well as informal party organization.","PeriodicalId":47847,"journal":{"name":"Politics & Society","volume":"50 1","pages":"413 - 454"},"PeriodicalIF":2.4,"publicationDate":"2021-09-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43983602","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":2,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
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