Suchergebnisse

A review essay on books by (1) Helge Ryggvik, Til siste drape. Om oljens politiske okonomi ([To the Last Drop. On the Political Economy of Oil] Oslo: Aschehoug, 2009) and (2) Gudmund Skjeldal and Unni Berge, Feber. Historia om norsk olje og gass ([Fever. The History of Norwegian Oil and Gas] Oslo: Cappelen Damm, 2009).

A national interest, as an expression, fits poorly in the Norwegian language and the country's political culture. Norwegian politicians rarely mention it and internationally the country is isolationist due to its small size, distant location and historical circumstances. However, in the northern European context, Norway has strong resource and environmental political interests, as well as keeping a stable and peaceful relationship with its neighbor Russia. L. Pitkaniemi

Draws on the New Regionalism Approach (NRA) to analyze the political economy of the new regionalism in southern Africa in the post-Cold War & postapartheid era. The NRA challenges much of conventional wisdom in the field, which is seen as narrowly focused on intergovernmental regional organizations & intraregional trade. The analysis identifies four main types of regionalism in southern Africa, which to a large extent occur within the larger context of economic globalization, neoliberalism, & the retreat of the state: (1) open regionalism, (2) microregionalism, (3) private firms led regionalism, & (4) informal regionalism from below. Both open regionalism & microregionalism (as built around the concept of spatial development initiatives) seek to reinforce economic globalization & market integration, & attract foreign direct investment to bankable private investment projects. Together with the firms driven regionalism, which is constructed by & around large South African business enterprises, these three types of regionalism sustain a particular pattern of elite driven regionalism centered on economic growth, trade, & capital intensive projects in the formal economy, with little focus on development & poverty reduction. To a large extent, the myriad of activities included in informal regionalism from below emerges as a consequence of the negative & exclusionary effects of neoliberalism & the three types of elite driven regionalism. 47 References. Adapted from the source document.

Discusses what problems were present in the world economy on a macro and a micro level, how it resulted in the financial crisis and how the authorities were trying to intervene in order to stabilize the situation. On the macroeconomic level Americans bought cheep Asian goods while printing a lot of money, but inflation was kept at bay since the money was sent to Asia. The circle was complete when Americans lent the money back from Asia and speculated with it. On the microeconomic level structured investment vehicles (SIVs) and asset backed commercial paper (ABCP) created problems especially when they were combined with collateralized debt obligations (CDOs) and mortgage-backed securities (MBS). The boom turned into bust after 2006 when there were not enough house buyers left. L. Pitkaniemi

1970s military dictatorship in Latin America was followed by a democratization process in the 1980s, at a point when military powers had devastated the economy & more than doubled foreign debt. Now, in the beginning of the twenty-first century, the region finds itself in a period marked by governments that, perhaps more than ever before, are characterized by their reaction to the neo-liberal policies of the 1990s. Of particular concern in this respect is the changing relationship between the region & the United States, which in turn opens opportunity for the involvement of other international actors in the sphere. This brings about a high degree of uncertainty both for Latin America itself as well as for the international community. Some of the many cases of Latin American economies & politics in crisis are described here in detail. C Brunski

Poland, the Czech Republic, Slovakia, & Hungary have in little more than ten years established market-based economies. The countries chose, in spite of geographical proximity & historical links, different reform strategies, especially with respect to inflation stabilization & privatization. The different strategies can to a large extent be explained by different starting points. In preparation for EU membership, the economic policies in the four countries have gradually converged. The economic results have been mixed. Many have gained from greater choice & higher living standards. Still, economic growth is only slightly above the performance of the EU countries, unemployment is high, & government budgets exhibit large deficits. Membership of the EU could bring about more trade & investment & help narrow the income gap towards Western Europe. Adapted from the source document.

This article analyzes US & Chinese policy & strategy in the Middle East, with focus on energy resources, market, investment, & policy shaping. United States engagement in Iraq & other initiatives to control political conditions in the Middle East are here considered to be intimately connected with the US desire to stabilize oil supply. However, as US involvement in Iraq has failed to produce satisfactory results in terms of stability & security, & as the US appears ever more intent upon escalating conflict with Iran, the surety of American intention & outcome in the region remains highly tenuous. As such, China holds an extremely important position with regards not only to its friendly relationship with Iran, but also with its massive stake in the American economy. The race to secure international oil supply is traced here to illustrate the Middle East as the volatile supplier, the United States as a potentially zealous military & financial power, & China as a potential wildcard that can radically influence the developments of all actors in this conflict. References. C. Brunski