Political Economy Commons^™

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 …

Can Micropolitan Areas Bridge The Urban/Rural Divide?, Sheila Foster, Clayton P. Gillette

Georgetown Law Faculty Publications and Other Works

There exists a well-known and significant divide between urban and rural areas in the United States. The divide has been documented along multiple dimensions – social, economic, and political – and is seen as a detrimental characteristic of our national identity and capacity for both economic development and civil political discourse. In this Article, we explore a subset of the urban/rural divide and propose a mechanism for reducing its economic and political effects within that limited realm. Specifically, we focus on the subset of rural areas that lie within what the Office of Management and Budget defines as micropolitan areas. …

The Great Resignation Among Restaurant Workers: A Content Analysis Of News Sources’ Portrayals Of The Covid-19 Labor Shortage, Mackenzie M. Williams

The Cardinal Edge

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 …

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 …

Free Market: The History Of An Idea. By Jacob Soll. Basic Books, 2022. 326 Pp, Index. $32., James K. Galbraith

Emancipations: A Journal of Critical Social Analysis

Review of Free Market: The History of an Idea. Jacob Soll. New York, Basic Books, 2022. 326 pp.

Political Connections, Informational Asymmetry, And The Efficient Resolution Of Financial Distress, Madhav S. Aney, Sanjay Banerji

Research Collection School Of Economics

We show that securities issued by a distressed firm, often through exchange offers, providethe most efficient resolution of financial restructuring. Information asymmetry between thefirm-bank coalition and small bondholders gives rise to other forms of distress resolutionsuch as refinancing, public workout, and the inefficiency of liquidation. We find that politicallobbying by the firm-bank amplifies these inefficiencies and inhibits the development of privatemarket for distressed securities. Cross-country evidence is consistent with this and indicatesthat improved creditor rights, and information facilitating credit bureaus interact in reducingthe likelihood of inefficient distress resolution.

Expulsive Greening: A Cross-Sectional Analysis Of Green Gentrification In The Resilience Paradigm, Brooklyn 2010–2020, Rose Jimenez

Dissertations, Theses, and Capstone Projects

Background: This project analyzes the spatial coincidence between gentrification typologies and urban greening in Brooklyn, New York from 2010 to 2020. Assets formed under the NYC Green Infrastructure Program were chosen as a proxy for urban greening to represent the spatial practice specifically within the 21st-century climate change resilience paradigm of development. Methods: First, five indexes measuring variations of economic and demographic conditions related to gentrification were applied to Brooklyn for comparative analysis: NOAA’s Social Vulnerability Indicators of Gentrification Pressure, The NYC Heat Vulnerability Index, The Small Area Index of Gentrification, Typologies of Gentrification and Displacement, and The Housing Risk …

Essays On Inequality, Growth, And Economic Policy, Philipp E. Erfurth

Dissertations, Theses, and Capstone Projects

This dissertation consists of three chapters that study inequality and regional economics in a historical and development context.

The first chapter examines regional inequality among Habsburg regions from the 19th century to today’s EU by using Geographic Information Systems (GIS) software to recreate historical regions in present-day projections. The findings suggests that regional disparities are markedly higher today than in the 19th century, despite rapid convergence in the past two decades. The study thus provides evidence of retrospective determinism in the study of the Habsburg economy and suggests that, although regional EU policy has been successful over the past two …

Essays On Impacts Of Women Empowerment On The Health Outcomes Of Children, Sagnik Das

Dissertations, Theses, and Capstone Projects

Chapter 1: Taking cognizance of the lack of representation of women in politics, the Indian government in 1993, enacted the 73rd constitutional amendment which led to a sudden increase in the representation of women in the local governments. Exploiting the exogenous variation in the timing of implementation of the 73rd amendment across the states, I study the spillover effects of this mandated empowerment of women on the health outcomes of children by using nationally representative survey data and employing a difference-in-difference estimation strategy. In this study, I find evidence of a positive impact of mandated women empowerment on the survival …

The Euro And Bumps In The Road: Historical Patterns Of Nonresident Holdings In Eurozone Bonds, 1980–2018, Michael H. Scarlatos

Dissertations, Theses, and Capstone Projects

A developed bond market which attracts nonresident investors both enables and reflects a host currency’s transition from domestic to international status. My analysis of historical private nonresident holdings of Eurozone portfolio debt securities spanning the euro’s 1999 creation and its subsequent 2008 crisis reveals diverging patterns.

This analysis, complemented by coefficient stability tests, discovers that the conversion of national currencies to the euro was reflected by a pickup in nonresident holdings of bonds issued by countries adopting the euro, especially those of the periphery (Portugal, Ireland, Italy and Spain) relative to the core (Germany, Austria, Belgium, Finland, France, and the …

Precarity And Prospects For Commoning: A Conversation With Guy Standing, Guy Standing, Paul Apostolidis

Emancipations: A Journal of Critical Social Analysis

No abstract provided.

Corruption And Assortative Matching Of Partners In International Trade, Arusha Cooray, Chandan Kumar Jha, Bibhudutta Panda

Economics & Management Publications

Although the effects of corruption on bilateral trade are well-documented, its impact on the composition of trading partners remains unexplored. In this paper, we argue that corruption in a country imposes asymmetric costs on its trading partners depending on their characteristics. Consequently, as the level of corruption in a country changes, its trade flows from some of its trading partners change more than others, depending on their characteristics, changing the composition of its trading partners. We focus on two characteristics of trading partners: (1) the level of corruption and (2) membership in the Organization for Economic Cooperation and Development Convention …

Do Rational Agents Steal, Randy Hill

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

Do Rational Agents Steal?

Modern economists from Adam Smith to the present have broadly assumed that rational agents respect property rights. This respect for property rights has been a feature of nearly all economic models from the beginning. This paper examines a simple two person, production and trade model where the agents are allowed to choose to steal. Even within this simple model, there are a broad range of parameters that affect the agents' choices. In most parameter sets, the agents choose to steal as the reward for conflict outweighs the opportunity cost of not engaging in conflict. The parameter …

Academy Schools In England: Neoliberalism, Privatisation And Governance, Jeff Tan

Book Chapters / Conference Papers

This chapter examines the drivers of academisation in order to better understand the emergence, growth, and impact of academy schools in England. It traces the expansion of academy schools as part of ongoing educational reforms that were reinforced by a neoliberal narrative and facilitated by the state through subsidies and the underfunding and disinvestment of state-run schools. This was driven by the private for-profit and non-profit sectors as key agents in the implementation, and sometimes formulation, of government education policy, along with the state which was an active participant and beneficiary through the revolving door involving politicians, senior civil servants, …

The Imaginary And Epistemology Of Disaster Preparedness: The Case Of Japan's Nuclear Safety Failure, Hiro Saito

Research Collection School of Social Sciences

The Fukushima nuclear disaster was profoundly a man-made one, resulting from the organizational failure of nuclear emergency preparedness. To fully understand the cause of this disaster, I propose to extend an organizational perspective on disasters into a macro-institutional perspective on disaster preparedness. To this end, I borrow from science and technology studies the concepts of "sociotechnical imaginary" and "civic epistemology" to probe the deepest layers of meaning-making constitutive of disaster preparedness. I then apply these concepts to the history of nuclear energy in postwar Japan that was centered on the developmental state pursuing industrial transformation. Specifically, I illustrate how the …

The Imaginary And Epistemology Of Disaster Preparedness: The Case Of Japan's Nuclear Safety Failure, Hiro Saito

Research Collection School of Social Sciences

The Fukushima nuclear disaster was profoundly a man-made one, resulting from the organiza-tional failure of nuclear emergency preparedness. To fully understand the cause of this disaster, I propose to extend an organizational perspective on disasters into a macro-institutional perspec-tive on disaster preparedness. To this end, I borrow from science and technology studies the concepts of "sociotechnical imaginary" and "civic epistemology" to probe the deepest layers of meaning-making constitutive of disaster preparedness. I then apply these concepts to the history of nuclear energy in postwar Japan that was centered on the developmental state pursuing in-dustrial transformation. Specifically, I illustrate how the …

Medicaid Expansion: Changes In Individual Health Outcomes, Julie Norman

All Graduate Plan B and other Reports, Spring 1920 to Spring 2023

The Affordable Care Act is one of the biggest changes in the American healthcare system in the 21st century. One element of the ACA is medicaid expansion, which opened up federal funding for states to cover any individual earning below 138% of the federal poverty line. 21 states expanded medicaid in 2014 while 12 haven’t expanded. This paper utilizes the disparity for a natural experiment to determine the efficacy of the program. Outcome variables of interest include measurements of individual health, health access and utilization, and premature death rates. The results indicate positive, but small improvements due to the policy, …

The Trade War Of China And The Us In 2021, And It’S Impact On The Indonesian Economy, Marthen Napang, Syaiful Rohman

Journal of Strategic and Global Studies

This study will explore the trade war between China and the United States (US). The US government initially paid close attention to the principle of free and open economics; this was because the US believed that free trade was not only to develop the US domestic economy but also as a tool to generate mutual benefits between cooperating countries. This is in contrast to the US in President Donald Trump 2017-2021, which implemented a policy of protectionism against Chinese trade. Trump did this as a strategy to overcome the negative impact of free trade, which in the end, the US …

3rd Annual International Conference Proceedings: Challenging Linearity, Centre For Business And Economic Research (Cber), School Of Economics And Social Sciences (Sess)

Conference Proceedings

As we live in an era where the knowledge landscape is rapidly changing and becoming more complex, answering age-old questions about our society, economy, and environment has become more challenging today than ever before. In the wake of this change and challenge, falling back on linear and myopic conclusions is sometimes all too irresistible. A fatigue of imagination that leads to easy answers seems to be prevalent within several disciplines and is sometimes driven by ideological biases. Resultantly, the progress in addressing economic disadvantage, social isolation, and discrimination, psychological distress remains suboptimal often because of linear conceptual frameworks which fail …

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 …

Us - China Trade Conflict - How Bad, Exactly - For China?, Rubina Vohra, Ning Liao

Pennsylvania Economic Review

This paper examines the ongoing trade war between China and the US and attempts to identify the causes of the trade conflict and impact on output, employment, and current account balance of China’s economy. The research conclude that the causes of the trade conflict are threefold, namely, trade imbalances, the midterm/presidential elections in the US, and the competition for global economic control. The worst-case scenario suggests that China will lose about 1% of its job positions and 1.13% of GDP, suggesting that the trade conflict will have some impact on China, but it may not be devastating. The large size …

Perceptions Of Economic Vulnerability And Public Opinion In The United States: A Theoretical, Historical, And Quantitative Approach, Cody R. Melcher

Dissertations, Theses, and Capstone Projects

This dissertation combines three related essays that analyze the effect of the perception of economic vulnerability on the social and political attitudes of Americans. Through a heterodox reading of W.E.B. Du Bois’s intellectual work and political career in the latter half of his life, the first essay develops the theoretical thrust of the dissertation. It is argued that Du Bois primarily grounds white supremacy in an elementary feature of capitalism: the fact that survival under capitalism presumes the successful engagement, either directly or indirectly, with the labor market. Due to the historical legacy of slavery, however, labor market competition in …

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 …

Transit Equity In Southeast Brooklyn, Noam J. Gal

Student Theses and Dissertations

Over the years, planners have considered numerous proposals to expand the subway system further into Southeast Brooklyn including the Utica Avenue Line and the Interborough Express. It remains to be seen whether any of these megaprojects will come to fruition. This honors thesis analyzes the equity impact that Brooklyn’s largest transit desert has had upon its inhabitants. I use an interdisciplinary approach to analyze both qualitative and quantitative data to explain why the subway does not extend into the focus area, how residents have adapted to the status quo, and what policymakers can do to improve transit equity in Southeast …

Assessing The Impact Of Inequality On Political Activity And Class Consciousness, Matthew Prouty

Thinking Matters Symposium

Since 1980, the United States has experienced stagnating wages, higher levels of inequality, and intensifying political polarization. Despite this, U.S. domestic economic policy has not undergone the fundamental transformation needed to combat these systemic challenges. Why have these policies remained in place when they have a negative impact on the aggregate working class, and why has the working class not used American Democracy to change these policies? Could it be that the rising inequality has led to reduced political engagement with the remaining voters being more devout participants to their ideology than effective policy? Although there is an abundance of …

Reforming The United States’ Currency Production, William Cather

Departmental Honors & Graduate Capstone Projects

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, …

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 …