Political Economy Commons^™

Unwilling Gamblers And Loaded Dice: Considering Recession And Crisis As A Natural Effect Of Financial Capitalism, Darlene N. Moorman

The Downtown Review

Under financial capitalism, ordinary people are increasingly becoming 'unwilling gamblers' of a risky and unstable system. This paper explores the social and institutional change behind the neoliberal movement and considers how the politics and policies of neoliberalism have contributed to a certain environment of financial instability. Looking at the changing nature of the economy, the rapid expansion of the financial sector, and the persisting issue of moral hazard underlying risky and speculative behaviors among other items, reveals a financial system in which recessions and crises can be considered a natural, although not inevitable, effect.

Should I Stay Or Should I Go: The Impact Of Crossing Migrants In Local Communities In Mexico, Norma M. De La Rosa-Bustamante

Whittier Scholars Program

The interactions between migrants and Mexican local communities have positive and negative outcomes. A report by Human Rights First found that more than 630 violent crimes against asylum seekers were reported in the first few months of the “Remain in Mexico” policy. Still, some migrants have been able to assimilate and stay in Mexico, particularly in large cities such as Tijuana, Baja California and Ciudad Juarez, Chihuahua. This research project combines qualitative data collected through interviews with local NGOs between September 2020 to February 2021 and secondary research data. It focuses on the living conditions of migrants who have stayed …

Southeast Asia & The Hidden Green Revolution: A Study On Foreign Direct Investment In Eco-Investments In Asean, Ravi Chailertborisuth

Undergraduate Honors Theses

This paper aims to find: To what extent foreign direct investment is fueling the renewable energy transition in ASEAN. The year 1966 saw the founding of ASEAN, the Association for Southeast Asian Nations. The five founding member nations were: Indonesia, Malaysia, Philippines, Singapore, and Thailand. Over time, this group of nations grew to include nations such as: Laos, Cambodia, Vietnam, Brunei, and Myanmar. The IGO (inter-governmental organization) aims to foster “economic, social, cultural, technical, educational and other fields” (ASEAN). The IGO is successful, allowing capital to flow cross-borders with more ease, and encourage economic corporation across all nations. Since …

Money Moves: An Analysis Of Chinese Foreign Direct Investment In Europe, Susan Soh

Honors Theses

In recent years, China has begun engaging in outward foreign direct investment (FDI). There is a significant amount of literature dedicated to understanding China’s FDI in developing nations. However, very little research has been conducted over Chinese FDI in advanced economies. As a result of this gap in existing literature, the question arises, what explains Chinese FDI in Europe?

As FDI is a transaction to which both the donor and recipient countries must agree, this thesis has a dual focus. One chapter of the thesis analyzes the effects of and motivations for Chinese FDI on European nations. In this chapter, …

The Search For Spices And Souls: Catholic Missions As Colonial State In The Philippines, Dean C. Dulay

Research Collection School of Social Sciences

A growing literature posits that colonial Christian missions brought schooling to the colonies, improving human capital in ways that persist to this day. But in some places they did much more. This paper argues that colonial Catholic missions in the Philippines functioned as state-builders, establishing law and order and building fiscal and infrastructural capacities in territories they controlled. The mission-as-state was the result of a bargain between the Catholic missions and the Spanish colonial government: missionaries converted the population and engaged in state-building, whereas the colonial government reaped the benefits of state expansion while staying in the capital. Exposure to …

The Iranian Crisis Of The 1970s-1980s And The Formation Of The Transnational Investment Bloc, Mazaher Koruzhde

Class, Race and Corporate Power

The events surrounding the Iranian Revolution in the 1970s and 198s significantly contributed to the formation and consolidation of a U.S-Saudi transnational investment bloc.

Three Essays On The Political Economy Of The Cfa Franc, Francis Perez

Doctoral Dissertations

This dissertation is organized into three essays. The second essay provides a historical overview of the CFA franc and explores why the CFA franc has survived for so long. It argues that a historical and dialectical materialist analysis of the CFA’s history can best explain both its extraordinary longevity and the periodic major reforms to its functioning. The third essay assesses whether the Central Bank of West African States (BCEAO) has an independent monetary policy by examining the relationships between BCEAO’s foreign reserves and base money, and between BCEAO and the European Central Banks’s policy rates. The fourth essay evaluates …

Debris Of Progress: A Political Ethnography Of Critical Infrastructure, Ethan Tupelo

Doctoral Dissertations

In this dissertation, I advance a political ethnography of critical infrastructure to better understand terminal capitalism, in which the waste products of commodification and resource depletion are destroying the ecological systems that support life. My object of study is the massive disjuncture between individual knowledge and intention, and these catastrophic collective planetary outcomes. Theoretically, I develop critical infrastructure theory to diagnose these destructive structures. By “infrastructure,” I mean systems of material and discursive flows fundamental to sedentary human organization, connecting local actions with global systems. Such infrastructure is “critical” in three senses: A) denoting the most important forms of infrastructure …

Washington State Sausage Making: Attempting To Measure The Efficiency Of The Legislature., Jonathon E. Church

Access*: Interdisciplinary Journal of Student Research and Scholarship

This paper explores the importance of understanding the legislative process, particularly in the way a bill dies, in order to critique and measure government efficiency. The information was gathered through interviews with former and current members of the State Legislature and from first-hand experience while working as an intern during the 2022 legislative session. In conjunction with this, part one of the paper utilizes multiple sources, such as Edward D. Seeberger, author of “Sine Die: A Guide to the Washington State Legislative Process,” the State Constitution, and the State Legislatures guides and manuals, to present a detailed description of the …

The Geopolitics Of Infrastructuralized Platforms: The Case Of Alibaba, Hong Shen, Yujia He

Patterson School of Diplomacy and International Commerce Faculty Publications

Contemporary digital platforms have become increasingly infrastructuralized, and started to raise geopolitical tensions with their global expansion. Amidst the heightened geopolitical competition between the US and China, the growing power of Chinese infrastructuralized platforms has made them the center of recent geopolitical dynamics. Drawing from an exploratory case study, this paper discusses Alibaba, one of the most prominent Chinese Internet giants, as an infrastructuralized platform, and highlights its geopolitical struggles. Often perceived as an e-commerce company, Alibaba has become ‘infrastructuralized’: its now-massive digital empire has moved beyond e-commerce, expanding into almost every aspect of China’s and global digital economy such …

Political Dynasties, Business, And Poverty In The Philippines, Ronald U. Mendoza, Jurel K. Yap, Gabrielle Ann S. Mendoza, Leonardo M. Jaminola Iii, Erica Celine Yu

Ateneo School of Government Publications

Despite studies finding a link between political dynasty prevalence and poverty; empirical evidence in the Philippines shows that the relationship between dynastic concentration and underdevelopment is not the same across regions. We argue that an independent economic elite and high levels of economic activity; typically found in Luzon; affect the poverty and development impact of political dynasties. Local socioeconomic contexts shape the opportunities for predatory behavior among politicians and their relationships with economic elites. Using novel survey data on business-government linkages as well as an extensive dataset on local government leadership in the Philippines spanning 2004 to 2016; we find …

Reviewing John Maynard Keynes: The Economic Consequences Of The Peace, John C. Daniel

Liberty University Journal of Statesmanship & Public Policy

The 1919 Treaty of Versailles is one of the most impactful documents in world history. The treaty effectively ended World War I, decimated Germany, and laid the foundation for World War II. In his analysis The Economic Consequences of the Peace, John Maynard Keynes gives a first-hand account of the influence of world leaders President Woodrow Wilson, English Prime Minister David Lloyd George, and French Prime Minister Georges Clemenceau and the roles they played during the Paris Peace Conference. Keynes explains the treaty from a geopolitical lens, argues against the treaty’s reparations clause, and advocates for alternative solutions. Almost …

Chinese-Backed Fintech Lending Boom: How Did Indonesia Respond?, Angela Tritto, Yujia He, Victoria Amanda Junaedi

Diplomacy and International Commerce Reports

Peer-to-peer (P2P) online lending has the potential to boost innovation and financial inclusion in emerging markets, yet it can also incur investment and borrower-related risks, such as privacy breaches.

Driven by regulation control in China, Chinese investments flocked to Indonesia, causing a rapid expansion of online lending platforms.

Similar to what happened in China prior to the regulatory crackdown, the P2P lending boom in Indonesia saw a rise in unethical and illegal business practices. The government responded by creating new regulations and institutions to mitigate risks without stifling the potential for financial inclusion.

A proactive approach towards monitoring and regulating …

Urban Utopia Or Pipe Dream? Examining Chinese-Invested Smart City Development In Southeast Asia, Yujia He, Angela Tritto

Patterson School of Diplomacy and International Commerce Faculty Publications

With increasing public–private partnership and international cooperation in smart city development across the Global South, Chinese firms are poised to take advantage of growing business opportunities, a situation that few studies have examined. This empirical case study of the Forest City, a Chinese-invested greenfield smart city project in Iskandar Malaysia, begins to fill that gap. This megaproject represents the coming together of overlapping economic development interests of the local authorities and the profit motivations of the Chinese investor. However, the project’s use of the ‘smart city’ discourse contrasts with the reality of limited technology adoption. Its visibility and considerable socio-economic …

Convergence And Hegemony: The United States And China In The 21st Century, Daniel Wilcox

Honors Theses

The extreme economic growth of the Republic of China is neither a new phenomenon nor a topic that has not been extensively examined, however, how this convergence of economic power between the United States and rising China translates to potential political power is an important area of discussion. The US has been forced to face a tumultuous beginning to the 21^st century. Characterized by unprecedented terrorist attacks, subsequent wars that have brought economic and moralistic costs, increasing domestic partisan division, and a questioning of what it is to be an American, it is an unthinkable reality following the 1991 …

Inaccessible Interpolated Imagery: How Coffee Farmers In The State Of Chiapas Might Access Political Economic Opportunity Through Representation, Paolo Fiann Bicchieri

Master's Theses

Here is a useful parable to boil down the idea of this project and set the tone: when one goes to the bar to tell a story about a fight at the bar, they would never venture to place themselves as the hero of the brawl, taking out three drunkards in a single punch, unless they were really in the bar, at that time, fighting a good fight. One would never do this as the bartender, locals, and regulars would all know if this were the case or not. Yet transnational corporations, governments, and even consumers do this all the …

Reforming The United States’ Currency Production, William Cather

Student Research Submissions

Since the 1980s, the debate about the one-cent piece’s production and use has been discussed throughout relatively recent Congressional history; and has involved economic, financial, industry-based, as well as numismatic groups to weigh in on the topic. The question arises: Why have other countries successfully changed their lower-denomination currency and converted their economic system into one that incorporates cash-rounding while the United States has struggled to do so?

By observing international examples of the obsoletion of low-denomination coinage and the implementation of cash-rounding, the proposed economic and financial reform has proved to work as an economically-sound alternative to the current …

Feed-In Tariffs And Sustainable Energy: Why Different Oecd Governments Support Sustainable Energy At Different Rates Through Feed-In Tariffs, Joshua M. Grahame

Business and Economics Honors Papers

Why is it that different governments in the OECD support sustainable energy at different rates? In the effort to explain this difference, Feed-in-Tariffs (FITs) will be closely examined to see if it can explain the significant portion of the variation among countries. This project serves as a continuation of previous scholars' works, to better understand the variation between countries in adopting renewable energy, even though all members of the OECD have pledged that by 2030 half of their energy will come from sustainable energy. Whereas previous research considered data ending in 2012 and looked at countries outside of the OECD, …

The Great Resignation: A Content Analysis Of News Sources' Portrayals Of The Covid-19 Labor Shortage., Mackenzie Williams

College of Arts & Sciences Senior Honors Theses

When workers left the labor market in large numbers during the COVID-19 pandemic, proclamations of a labor shortage emerged extensively throughout the news. In this study, I analyze the coverage of the worker shortage among three news sources with different political orientations. Several themes emerged from analyzing a total of 75 articles. The findings showed that the perspective shown in the article, the cause of the labor shortage, restaurant worker portrayal, support of solutions, and opinion of the labor shortage all differed based on the political identity of the news source. This research supports previous findings that show there is …

Why Renegotiation?: Renewal Of The South Korea-Chile Bilateral Free Trade Agreement, Montserrat Bugueno

International Studies (MA) Theses

This thesis project explores the motivations behind the bilateral free trade agreement (FTA) renegotiation between Chile and South Korea. Existing studies have examined the reasons and outcomes of creating the initial Chile-South Korea FTA, but they have not focused on renegotiations between the two countries. A few investigations on renegotiations have focused on diversifying their exports and expanding their markets in each other's regions. However, most research lacks further exploration of both countries' market security concerns. By analyzing official government documents and conducting three semi-structured interviews with government officials and experts in the field, I argue that the current protectionist …

Contextualizing The 2019 “Chile Despertó” Movement: The Impact Of Historical Relational Processes On Mobilization And Repression, Tanya Leon

International Studies (MA) Theses

To expand our theoretical and empirical understanding of mobilization and repression in Latin America, this thesis asks three critical questions. Are economic indicators sufficient predictors of social movement emergence in Latin America? What other factors contribute to large-scale mobilization in Latin America? How do government’s respond to large-scale Latin American social movements? Specifically, when, and why do democratic governments choose to employ repression against social movements? Accordingly, I construct a quantitative model to test the correlation between rise in protest and worsened economic conditions. I apply it to a comprehensive dataset of political events in multiple South American countries throughout …

U.S./Russia Export Relationship, Adam Nishino, Mohammad Saad Bin Shahzad, Yonathan Assefa, Trel Lakindanum

Undergraduate Research Symposium Posters

Russia and the United States have a long history of trading as early as 1913. Over the years, Russia has become a notable player in US imports. By using the United States Census database and the Office of the United States Trade Representative database. In short, our research will discuss the trade relationship between Russia and the United States over the last century, through history and data analytics, and its effects on trade and politics to the rest of the world.

The Effects Of The Russian Invasion Of Ukraine On Exports To Italy, Stephen Johnson, Ryder Hankins, Nathan Carter

Undergraduate Research Symposium Posters

Italy imported 122,000 tons of soft wheat from Ukraine and 72,000 from Russia. During the current events international food and feed prices have increased by 8 to 22% causing mass shortages around the world. On top of the ethical and moral dilemmas of continuing business with Russia, insurance premiums have jumped 400% for doing business with the invading country.

The Political Pandemic: The Relationship Between Political Leanings, Covid-19, And The Economy In 2020, Garrett Clark

Honors College Theses

The effect of political leanings on the pandemic outcomes, both in terms of the COVID-19 cases and death totals and the extent that the pandemic affected the economy, is the analysis of interest. The literature indicates a relationship between political leanings and the COVID-19 response. Data is gathered from a variety of sources, and a series of regressions are performed to analyze several control variables and determine their significance. The results indicate a relationship between political leanings and COVID-19 outcomes. However, results regarding the effects of politics on the economy are less clear. Possible explanations are provided for the results.

The Political Economy Of Border Wall Construction, Molly Rovinski

Undergraduate Theses

During the 2016 presidential election, the construction of a border wall along the United States – Mexico border came to the forefront of the political sphere in America. Since then, state governments along the border have continued the call for increased border security through increased fencing. However, the ideation of a border wall was not a new one for American border security, with most of the wall having been constructed following the Secure Fence Act of 2006. The purpose of this paper is to explore the political economy of wall construction along the border. The argument is made that the …

‘Vox Populi?:’ Assessing Nato Popularity Relative To Political And Economic Indicators In Selected Member Nations, Zachary W. Cheek

Undergraduate Economic Review

This paper seeks to identify the impact of political and economic conditions on a nation’s popularity/favorability ratings towards North Atlantic Treaty Organization, the world’s most powerful military alliance. It is found that in random-effect models there exists a significant positive relationship between a country’s democratic strength and favorability, as well as a negative relationship regarding unemployment. In fixed-effect models, however, there is slight evidence of a positive relationship with per-capita GDP, as well as negative relationships with the unemployment rate and the trade index. Overall, differences in member-nations largely account for whether democratic or macroeconomic conditions influence support.

The Fuel For Neo-Nazism, Brandon M. Rubsamen

Global Tides

This paper attempts to explain the cause of support for far-right extremism movements in Europe. It takes a comparative approach in explaining that support by first analyzing Germany and Luxembourg. In each country, politics, history, economics, and society are explored in order to elicit a root cause. Once that main factor is found, Norway and Greece are also analyzed to see if the hypothesis holds. Political stability is hypothesized to be the root cause in far-right support in Germany (and lack thereof in Luxembourg), and the examples of Norway and Greece support this hypothesis. By comparing and contrasting aspects of …

International Financial Assistance And Inequality In Emerging Markets: Colombia, Egypt And Turkey, Sara Farag

Theses and Dissertations

This research study investigates the effects of the three main pillars of structural adjustment policies imbedded in IFI funding facilities on income inequality in three specific cases; Colombia, Egypt and Turkey to uncover if income inequality present in those emerging markets is attributed to; the policy reforms conditionality or to pre-existent country features. The three main pillars of policy conditions discussed in this thesis are 1. Government Expenditure Reforms, 2. External Sector Reforms, and 3. Financial Sector Reforms. My hypothesis is that, although pre-existent country features may have had an impact on the levels of inequality a populace faces, the …

The Logic Of "Social Enterprise": The Big Issue Organization And New Labour Policy At The Millennial Juncture, Suman Gupta

CLCWeb: Comparative Literature and Culture

This paper explores the emergence of and policies and practices underpinning ‘social enterprise’ in Britain: that is, the concept that businesses could provide social services and benefits while returning profits to those who have invested in them. This paper argues that, in Britain, the concept was massaged into existence and adopted as a business and policy model at a particular historical juncture, in the later 1990s and early 2000s. The process involved a careful interweaving of linguistic maneuvers with financial calculations both at the level of specific businesses and at that of political regimes. This process is traced here with …

War Over Measure: Latin American Cultural Policy And The Pedagogy Of Neoliberal States, D. Bret Leraul

Faculty Journal Articles

This article recovers the link between cultural and educational policy in Latin America to understand the neoliberal state’s discursive institution of culture as capital. It does so by studying the form and function of Mexican and Chilean cultural bureaucracies. The calculability and accountability of culture in Chilean cultural policy and the incalculability of Mexico’s culture of favor cultural policy are but two sides of one coin issued by the same neoliberal state form. Both depend on the discursive institution (from above) of culture as cultural capital and labor as human capital reflected (from below) in the formation of Latin American …