(049) THE LONG SHADOW OF ORDOLIBERALISM: GERMANY’S APPROACH TO THE EURO CRISIS

Author(s): Sebastian Dullien,Ulrike Guerot / Language(s): English / Publication Year: 2012

The new treaty agreed by European leaders in January reflects Germany’s distinctive approach to the euro crisis rather than collective compromise. Much to the frustration of many other eurozone count-ries, Germany has imposed its own approach – centred on austerity and price stability at the expense of economic growth – on others without considering whether the institutional flaws of monetary union beyond a lack of fiscal control may be the cause of some of the distortions and problems that the cur-rent euro crisis has exposed or whether its approach could have a negative impact on other eurozone countries. German economic orthodoxy has been widely criticised elsewhere in Europe. This brief explores the historical and ideological foundations of German economic thinking and discusses how it differs from mainstream international economic discourse. It argues that there is more to Germany’s distinctive approach to the euro crisis than the much-discussed historical experience of the hyperinflati-on in the Weimar Republic on the one hand and simple national interest on the other. Rather, there is an ideological edifice behind German economic orthodoxy with which Germany’s partners must enga-ge. While a change in the government after the next general election, in 2013, would lead to a change in German economic policy, it is unlikely to dramatically change the country’s approach to the euro crisis.

(Re)acting Together: Grexit as Revival of Intellectuals

Author(s): Gazela Pudar Draško / Language(s): English / Issue: 4/2015

The paper explores the messages of engaged global intellectuals in the case of Grexit, the case of Greek attempt to break up with neoliberal practices and produce a left turn in politics and society, which was followed worldwide. How their words contribute to the general understanding (if there is one) and change (if there should be change)? What kind of action we can expect from intellectuals, as it is intrinsic to the concept? The issues examined in this paper deal with the intellectuals as bearers of articulating social critique, focusing on the specific Greek case in the time of temptations.

(Zlo)upotreba pojma suverenosti u federalnim odnosima

Author(s): Slobodan Samardžić / Language(s): Croatian / Issue: 03/1990

In theoretical discussions the concept of sovereignty relates exclusively to political communities and denotes the highest, indivisible and inalienable power at their disposal. In discussions in Yugoslavia the expression »economic sovereignty« extends the use of this concept into the economic sphere. Since sovereign power requires someone to sustain it, namely a sovereign, it cannot be depersonalized; the author therefore tries to establish the consequences (for the economic relations between federal units) of the fact that — in the constitutional arrangements of 1974 — sovereignty does not have a real subject to sustain it. Unable to discover a concrete subject of responsibility the author concludes that this is the consequence of deriving the concept of sovereignty from that of nation. A federal system based on relationships between nations can easily turn into an autocratic system. Only two ways of limiting the consequences of the sovereign power of a nation or of a constitutional person are historically known to exist — parliamentary government and a federal system of state government.

1 KASIM 2015 SEÇİMLERİNDE AK PARTİ’NİN SİYASAL KAMPANYASINDA YER ALAN EKONOMİK VAATLERİN SEÇİM SONUÇLARINA YANSIMASI

Author(s): Tuba Kalçik / Language(s): Turkish / Issue: 30/2016

Political parties in a democratic system, are trying to get his/her vote by convincing voters. Parties make political campaign which is a political communication activities to convince voters. Parties use election promises as an important instrument of political campaign in order to be attracted the vote of the electorate. Promises which are made to answer the main problems of the country, the electorate’s expectations and demand’s, function as an effective tool to convince. In this study, it is appeared that how the economic promises which are used in AK Party’s political campaign in 1 November general election affect the election results.

12 Eylül 2010 Referandum Sürecinin Türkiye’deki Yazili Basinda Sunumu

Author(s): Levent Yaylagül,Cengiz Çiçek / Language(s): Turkish / Issue: 68/2011

In this study, the way the political campaign process of referendum, held on September 12 (2010), was represented in the Turkish press is analyzed. From 1 to 13 September, the news about the referendum in the newspapers is analyzed through the technique of content and discourse analysis. Evrensel (a sample of radical left), Cumhuriyet (a sample of central left), Hürriyet/ Sabah/ Bugün (three samples of the mainstream newspapers), Zaman (a sample of pro-Islamist press) and Yeniçağ (a sample of ultra-right nationalist movement) were chosen as a sample of Turkish press. This study is based on the assumption that the content of newspapers are determined by the context of political economy of the conditions in which they operate, and their ideological orientations. Accordingly Evrensel, Cumhuriyet, and Yeniçağ have a critical standpoint towards the government’s approach and in their news texts they advice to their reader to vote for “No” in the referendum poll. But three newspapers, mentioned above, have different ideological rationale in their news texts in accordance with their ideological orientations. Accordingly, daily Evrensel, the sample of radical left, took the position in the news texts about the referendum process in accordance with the interest of labour class. Daily Cumhuriyet, the sample of left of the center or Kemalist left, focused on the changes in the structure of supreme court and the ideological changes in the structure of Turkish Republic, which constitutional amandment will bring. Daily Yeniçağ with an ultranationalist reflex, claims in the news texts that as a result of referendum poll the country would be divided and free Kurdistan would be announced in the South-east part of Turkey. In contrary to these critical standpoint, daily Hürriyet, daily Sabah, daily Bugün (three samples of mainsream newspapers in Turkey) and (pro-Islamist) daily Zaman supported the arguments of government that in the country there was a military guardianship and with the referendum, the country would be more democratic and as a result of democratization, the amount of foreign capital in the country would increase which would result in a rise in prosperity. Accordingly, the last four newspapers mentioned above, supported and reproduced the dominant discourse of the government. To sum up, the assumption that the contextof political economy of press, which directs the ideological orientation of the newspaper, determine the content and discourse of newspapers, was confirmed.

1919’da Bakü: İngiltere-Sovyet Rusya Hâkimiyet Mücadelesi

Author(s): Erdem Karaca / Language(s): Turkish / Issue: 30/2016

The most strategic demand of the First World War was inarguably the oil. The places which the “Big Powers” mostly focused on for the supply of oil was East Europe, Black Sea, The Caspian Sea region. The operations which aimed to gain the dominancy over the region had continued after the war in 1919 as well as during the war times. The English who knew the strategic importance of the Caucasian Region, did not only control the oil regions in Baku but also caused major industrial losses in Soviet Russia. Apart from the Caucasian Region, the English also tried to gain the unilateral dominancy over the Black Sea, Sea of Azov and the Caspian Sea. The Soviet rulers who were trying to displace the Czarist Russia, also set eyes on the same region for it was vital for their future and to this respect fired the start of an extensive battle. On one hand, while the political, economical and military conflicts were going on, on the other hand, the ideological arguments had become the fundamental element of the expansionist policies. As the main sources of this study, Die Rote Fahne (Vienna), Pester Lloyd (Budhapest), Wiener Zeitung (Vienna) were thoroughly reviewed

1989: Szempontok a rendszerváltás globális politikai gazdaságtanához

Author(s): Márk Áron Éber,Ágnes Gagyi,Tamás Gerőcs,Csaba Jelinek,András Pinkasz / Language(s): Hungarian / Issue: 21/2014

This article rethinks 1989 – the year commonly treated as a milestone of regime change. As contrary to this narrow view, and with the aim of laying out the conceptual foundations of possible future research projects, we give a short overview of the way Hungary became incorporated into the capitalist world system and of the key global, economic, and geopolitical factors that influenced its dependent development. For this we present a historically sensitive, global political economic narrative within which we pay special attention to the way public debt had been accumulated and how this, in turn, shaped Hungary’s position within the world system. After our analysis of the regime change we continue with an overview of the main structural dynamics of the last two decades. Finally, through two short case studies, we show how our perspective can throw new light on the political ideologies and economic policies of the era. The accumulation of state debt was not a Hungarian specificity: instead, we argue that it was rather a result of the global restructuring process and of its concomitant effect of decreasing national state-sovereignty. In the following manner, we also argue that the emergence of debates (which were central in evaluating the regime change, revolving around issues like „democracy” vs. „dictatorship” or „planning” vs. „market”) can be better understood within our global, historical, and political economic analytical framework. In the long run we identify two economic development strategies – namely, the strategy of liberalization and the strategy of protectionism – both structured around the, nonetheless entirely unfulfilled, hope of overcoming Hungary’s semi-peripheral position by „catching up” to its Western neighbors. These strategies then can be analyzed on the base of how they relate to global cycles of accumulation; how their shifts were influenced by changes in the world system; and, in turn, how these strategies organized both various elite projects shaped by global cyclical dynamics and the interpretations about our historically unfolding dependent position.

1990’lardan 2000’lere Rusya’da Devletin Dönüşümünün Ekonomi-Politiği: Bir Neo-Otoriter Düzenleyici Devlet Modeline Doğru

Author(s): Emek YILDIRIM / Language(s): Turkish / Issue: spec. 1/2018

After the disintegration of the Soviet Union, by pioneering of the international finance institutions, “shock therapy” neoliberal agenda, which were previously applied to Latin America, has been actualized initially in Russia and then in all post-Soviet countries. In the same time, while the state, which commanded both political and economic spheres in the Soviet era, has been diminished by the neoliberal policies in parallel to be through with the economic and socioeconomic spheres, nomenklatura, which were Soviet elites, has turned into the oligarchs and the economic power has been acquired by the oligarchs owing to the actualized neoliberal agenda. By the beginning of 2000s, after the coming to power of Vladimir Putin, the process of the rising authoritarianism of the state has started under the name of “strong state” notion. So to say, by coming to power of Putin, who displays a Leviathan profile as the form of the Russian state and even the Russian society, both political and economic transformations in Russia have been guaranteed. Therefore, in this work, it will aim to discuss the changing situation of the Russian state under the Putin’s government within this political and socio-economic framework.

21. YÜZYIL ENERJİ SAVAŞLARINDA TÜRK CUMHURİYETLERİ’NİN YERİ ve ÖNEMİ

Author(s): Çağrı Kürşat Yüce / Language(s): Turkish / Issue: 17/2013

Energy consumption and the need to continue on a global scale, as in the past and in recent years. Oil and natural gas will continue to be the primary energy source until 2030 despite all the alternatives to meet this need. As a result of this situation, energy resources will continue to be one of the most important determinants of the twenty-first century. In addition, at least a half century, dominance of oil in the field of energy will continue to. Energy experts frequently reported that the “cheap oil” era has ended and price volatility in the oil market will continue to today.The Caucasus and Turkestan (Central Asia) regions including the Turkish Republics maintained its importance throughout history due to various reasons. Today, however, due to the rich energy resources, especially oil and natural gas, they took part in the world’s agenda. In this study, the important actors of the energy wars and reserve status of the energy resources of the Turkish Republics in the Caucasus and Turkestan regions were briefly described. In addition, as well as importance of energy resources for the region and the world’s nations, beginning in the late twentieth century and growing competition over energy resources of the Caspian Sea were discussed today.

A common currency for the East African community? Lessons from the introduction of the euro

Author(s): Hans H. Bass / Language(s): English / Issue: 1/2018

The paper analyses the feasibility of a common currency for the East African Community (EAC), which comprises Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda. The paper discusses theoretical insights on the benefits and costs of a common currency. It then uses the introduction of the common European currency, the euro, as a potential yardstick to assess the feasibility of a common currency in East Africa. The paper analyses the readiness of the EAC’s economies for a common currency as measured by relevant indicators. It concludes that some caveats are in order with regard to the feasibility of a common East African currency at the present point in time.

A COMPARATIVE ANALYSIS OF FINNISH AND NIGERIA BIOECONOMY: BIOENERGY AND TOURISM PERSPECTIVE

Author(s): Chijioke Nwachukwu,Victoria Ogechukwu NWACHUKWU / Language(s): English / Issue: 1/2019

DEVELOPED AND DEVELOPING ECONOMIES NEED TO EXPLOIT THEIR BIOECONOMY CAPABILITIES TO ACHIEVE SUSTAINABLE ECONOMIC GROWTH AND DEVELOPMENT. THIS STUDY SEEK TO EXAMINE THE FINNISH AND NIGERIAN BIOECONOMY FROM THE PERSPECTIVE OF BIOENERGY AND TOURISM. WE USED SECONDARY DATA FROM FOOD AND AGRICULTURE ORGANIZATION (FAO); INTERNATIONAL ENERGY AGENCY (IEA); UNITED NATION WORLD TRADE ORGANIZATION (UN WTO) AND WORLD BANK TO DRAW INSIGHTS ABOUT THE SUBJECT. BASED ON AVAILABLE DATA; DESCRIPTIVE STATISTICS SUCH AS CHARTS AND FREQUENCIES WERE USED TO EVALUATE THE BIOECONOMY OF FINLAND AND NIGERIA. THIS STUDY REVEALS THAT BIOECONOMY IS DESIRABLE TO DEVELOPING NATIONS SUCH AS NIGERIA. FOLLOWING THE DIFFERENCES IN BIOECONOMIC ADVANCEMENT BETWEEN THE FOCUS COUNTRIES; OUR STUDY HAVE SHOWN THAT DEVELOPING COUNTRIES AND NIGERIA; IN PARTICULAR; WILL HAVE TREMENDOUS BENEFIT IF ITS PARADIGM SHIFT TOWARD BIO-BASED ECONOMY. IMPLEMENTING THE MEASURES AND POLICIES OF DEVELOPED ECONOMIES SUCH AS FINLAND WILL DRIVE NIGERIA TOWARDS SUSTAINABLE BIOECONOMY DEVELOPMENT.

A digitalis térbeli kiigazítás

Author(s): Daniel Greene,Daniel Joseph / Language(s): Hungarian / Issue: 23/2018

This article brings distinct strands of the political economy of communication and economic geography together in order to theorise the role digital technologies play in Marxian crisis theory. Capitalist advances into digital spaces do not make the law of value obsolete, but these spaces do offer new methods for displacing overaccumulated capital, increasing consumption, or accumulating new, cheaper labour. We build on David Harvey’s theory of the spatial fix to describe three digital spatial fixes, fixed capital projects that use the specific properties of digital spaces to increase the rate of prof- it, before themselves becoming obstacles to the addictive cycle of accumulation: the primitive accumulation of time in the social Web, the annihilation of time by space in highfrequency trading, and affect rent in virtual worlds. We conclude by reflecting on how these digital spatial fixes also fix the tempo of accumulation and adjust the time-scale of Marxian crisis theory.

A fáraó varázsol. A rezsicsökkentés beágyazottsága

Author(s): M. Tamás Horváth / Language(s): Hungarian / Issue: 3/2016

A félproletár háztartás a modern világrendszer longue durée-je folyamán

Author(s): Wilma A. Dunaway / Language(s): Hungarian / Issue: 24/2018

Wilma A. Dunaway is a researcher affiliated with the Fernand Braudel Center Research Working Group on Households, Labor Force Formation and the World-Economy. A particular conception of the household, helping to grasp the process of the accumulation of capital at world-system level, was developed in this working group, as a result of the critiques of Wallerstein’s early historical works. This conception, also applied in this study, exposes the household as the fundamental site for the reproduction of the labor force, which combines various forms of labor, and integrates into the capitalist world-system by maintaining hierarchy between these forms. Through the maintenance of this hierarchy, the household allows capitalists to extract surplus from the household itself, and renders the reproductive or informal labor of women publicly invisible. Here, Dunaway puts forward a systematic analysis of how these two processes take place.

A háziasszony és munkája a kapitalizmusban

Author(s): Wally Seccombe / Language(s): Hungarian / Issue: 24/2018

One of the significant figures of the “domestic-labour debate” in the United States of the 1970s was Wally Seccombe, who was among the firsts to understand the centrality of housewives’ labour to capitalism through Marxist terminology. He consistently applied the value theory of labour to the reproduction of labour itself, challenging both Marxist and bourgeois economic approaches which did not consider domestic labour as a structural part of the capitalist mode of production, and therefore participated in making the labour and position of housewives ‘invisible’. For Seccombe, the fundamental and unsolved duality of domestic labour is that while it constantly creates value through the reproduction of commodified labour, it is not recognized as productive labour since it is not directly related to capital and does not produce surplus value. Therefore, domestic 258 FORDULAT 24 labour is not renumerated by any wage, which has important consequences for the social position, conscience and possibilities of the housewife. Reproductive work necessary for the sustainment of her husband, her children and herself is presented as a natural female obligation and charity, masking the fundamental deception of capitalism that wage is in fact not meant to be for labour, but for the reproduction of the labour force. Domestic labour signifies her total material dependence from her husband and her isolation from the public sphere, which together limit her possibilities to represent her own interests and to take part in collective resistance. Between the industrial and the domestic domain lies therefore the most remarkable fault line of the working class, which turns members of the same household silently against each other and excludes housewives from the sphere of collective organization and struggle.

A Historical Development of Neo-liberalism

Author(s): Davor Pauković / Language(s): English / Publication Year: 0

Neo-liberalism is, undoubtedly, today’s dominant economical and political ideology. This paper is an attempt to give a general outline of where it derived from, what was it based on, and how it became the leading driving force in the field of economy and politics.

A logit analysis of development and democracy. The Romania's case

Author(s): Mihai Mutascu ,Anne-Marie Fleischer / Language(s): English / Issue: Spec/2011

The paper analyzes empirically, in Romania’s case, the relationship between economic development (dependent variable) and its political factors (independent variables). The analysis is based on the construction of a linear “Logit Model” and the data set is covering the period 1926- 2007. The main results show that, in Romania’s case, which the economy has an expansive and competitive market, the economic development, can be accompanied, by high levels of democratization, with high political stability, on a republican base, but this is not a rule.

A NEW APPROACH TO CREATING STATE-OWNED ENTERPRISES IN UKRAINE

Author(s): Mykola Kovalenko,Larysa Velychko,Sergiy Kalinichenko,Dmytro Ziuz / Language(s): English / Issue: 4/2019

The paper discusses the contradictions of state policy in the sphere of public ownership. It is noted that in the Ukraine there is a movement towards liberalization of all areas of public life which, on the one hand, justifies itself in the context of deregulation of certain spheres of the economy but, on the other, assumes a threatening character with regards to the unwarranted privatization of public property, etc. The inconsistency of the dominant scientific point of view on minimizing the participation of the state as the owner (entrepreneur) is emphasized. It is proposed that a system of innovative enterprises be created that would be able to accelerate the renovation of production in Ukraine. A new approach to the creation of state-owned enterprises has been developed. The expected results of the activity of the newly created state-owned enterprises and the directions of their further transformation are determined. The proposals presented in the paper will ensure the growth of the production potential of the domestic economy, which will be key to the accelerated socio-economic development of Ukraine.

A parasztok maguk csinálják történelmüket, de nem szabadon

Author(s): Philip McMichael / Language(s): Hungarian / Issue: 25/2019

This essay employs contemporary peasant mobilizing discourses and practices to evaluate the terms in which we understand agrarian movements today, through an exercise of historical specification. First, it considers why the terms of the original agrarian question no longer apply to agrarian change today. The shift in the terms corresponds to the movement from the late‐nineteenth century and twentieth century, when states were the organizing principle of political‐economy, to the twenty‐first century, when capital has become the organizing principle. Second, and related, agrarian mobilizations are viewed here as barometers of contemporary political‐economic relations. In politicizing the socio‐ecological crisis of neoliberalism, they problematize extant categories of political and sociological analysis, re‐centring agriculture and food as key to democratic and sustainable relations of social production.

A Path to a Countermovement? Forms of Integration in Polish Consumer Cooperatives

Author(s): Aleksandra Bilewicz / Language(s): English / Issue: 27/2018

A Path to a Countermovement? Forms of Integration in Polish Consumer Cooperatives