Neoliberalism and the Political Economy of Tourism

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Author: Jan Mosedale

Publisher: Routledge

ISBN: 1317088999

Category: Business & Economics

Page: 170

View: 4053

Tourism has become increasingly shaped by neoliberal policies, yet the consequences of this neoliberalisation are relatively under-explored. This book provides a wide-ranging inquiry into the particular manifestations of different variants of neoliberalism, highlighting its uneven geographical development and the changing dynamics of neoliberal policies in order to explain and evaluate the effects of neoliberal processes on tourism. Covering a variety of different aspects of neoliberalism and tourism, the chapters investigate how different types of tourism are used as part of more general neoliberalisation agendas, how neoliberalism differs according to the geographic context, the importance of discourse in shaping neoliberal practices and the different approaches of putting the neoliberal ideology into practice. Aiming to initiate debates about the connections between neoliberalism and tourism and advance further research avenues, this book makes a timely contribution which discusses the relationships between markets, nation-states and societies from a social science perspective. Neoliberalism is considered as a political-economic ideology, as variants of the global neoliberal project, as discourse and practices through which neoliberalism is enacted.

Political Economy of Tourism

A Critical Perspective

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Author: Jan Mosedale

Publisher: Routledge

ISBN: 1136859519

Category: Business & Economics

Page: 288

View: 5949

Political economy, in its various guises and transfigurations, is a research philosophy that presents both social commentary and theoretical progress and is concerned with a number of different topics: politics, regulation and governance, production systems, social relations, inequality and development amongst many others. As a critical theory, political economy seeks to provide an understanding of societies – and of the structures and social relations that form them – in order to evoke social change toward more equitable conditions. Despite the early influence of critical development studies and political economy on tourism research, political economy has received relatively little attention in tourism research. Political Economy and Tourism the first volume to bring together different theoretical perspectives and discourse in political economy related to tourism. Written by leading scholars, the text is organised into three sequential Parts, linked by the principle that ‘the political’ and ‘the economic’ are intimately connected. Part one presents different approaches to political economy, including Marxist political economy, regulation, comparative political economy, commodity chain research and alternative political economies; Part two links key themes of political economy, such as class, gender, labour, development and consumption, to tourism; and Part three examines the political economy at various geographical scales and focuses on the outcomes and processes of the political act of planning and managing tourism production. This engaging volume provides insights and alternative critical perspectives on political economy theory to expand discussions of tourism development and policy in the future. Political Economy and Tourism is a valuable text for students, researchers and academics interested in Tourism and related disciplines.

Neoliberalism and Urban Development in Latin America

The Case of Santiago

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Author: Camillo Boano,Francisco Vergara-Perucich

Publisher: Routledge

ISBN: 1317301803

Category: Business & Economics

Page: 182

View: 2771

In the 1970s and following on from the deposition of Salvador Allende, the Chilean dictatorship of Augusto Pinochet installed a radical political and economic system by force which lent heavy privilege to free market capitalism, reduced the power of the state to its minimum and actively suppressed civil society. Chicago economist Milton Friedman was heavily involved in developing this model, and it would be hard to think of a clearer case where ideology has shaped a country over such a long period. That ideology is still very much with us today and has come to be defined as neoliberalism. This book charts the process as it developed in the Chilean capital Santiago and involves a series of case studies and reflections on the city as a neoliberal construct. The variegated, technocratic and post-authoritarian aspects of the neoliberal turn in Chile serve as a cultural and political milieu. Through the work of urban scholars, architects, activists and artists, a cacophony of voices assemble to illustrate the existing neoliberal urbanism of Santiago and its irreducible tension between polis and civitas in the specific context of omnipresent neoliberalism. Chapters explore multiple aspects of the neoliberal delirium of Santiago: observing the antagonists of this scheme; reviewing the insurgent emergence of alternative and contested practices; and suggesting ways forward in a potential post-neoliberal city. Refusing an essentialist call, Neoliberalism and Urban Development in Latin America offers an alternative understanding of the urban conditions of Santiago. It will be essential reading to students of urban development, neoliberalism and urban theory, and well as architects, urban planners, geographers, anthropologists, economists, philosophers and sociologists.

The New Political Economy of Urban Education

Neoliberalism, Race, and the Right to the City

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Author: Pauline Lipman

Publisher: Routledge

ISBN: 1136759999

Category: Education

Page: 224

View: 2005

Urban education and its contexts have changed in powerful ways. Old paradigms are being eclipsed by global forces of privatization and markets and new articulations of race, class, and urban space. These factors and more set the stage for Pauline Lipman's insightful analysis of the relationship between education policy and the neoliberal economic, political, and ideological processes that are reshaping cities in the United States and around the globe. Using Chicago as a case study of the interconnectedness of neoliberal urban policies on housing, economic development, race, and education, Lipman explores larger implications for equity, justice, and "the right to the city". She draws on scholarship in critical geography, urban sociology and anthropology, education policy, and critical analyses of race. Her synthesis of these lenses gives added weight to her critical appraisal and hope for the future, offering a significant contribution to current arguments about urban schooling and how we think about relations between neoliberal education reforms and the transformation of cities. By examining the cultural politics of why and how these relationships resonate with people's lived experience, Lipman pushes the analysis one step further toward a new educational and social paradigm rooted in radical political and economic democracy.

The SAGE Handbook of Tourism Management

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Author: Chris Cooper,Serena Volo,William C. Gartner,Noel Scott

Publisher: SAGE

ISBN: 152644450X

Category: Business & Economics

Page: 1232

View: 511

The SAGE Handbook of Tourism Management is a critical, authoritative review of tourism management, written by leading international thinkers and academics in the field. Arranged over two volumes, the chapters are framed as critical synoptic pieces covering key developments, current issues and debates, and emerging trends and future considerations for the field. The two volumes focus in turn on the theories, concepts and disciplines that underpin tourism management in volume one, followed by examinations of how those ideas and concepts have been applied in the second volume. Chapters are structured around twelve key themes: Volume One Part One: Researching Tourism Part Two: Social Analysis Part Three: Economic Analysis Part Four: Technological Analysis Part Five: Environmental Analysis Part Six: Political Analysis Volume Two Part One: Approaching Tourism Part Two: Destination Applications Part Three: Marketing Applications Part Four: Tourism Product Markets Part Five: Technological Applications Part Six: Environmental Applications This handbook offers a fresh, contemporary and definitive look at tourism management, making it an essential resource for academics, researchers and students.

Neoliberalism and the Moral Economy of Fraud

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Author: David Whyte,Jörg Wiegratz

Publisher: Routledge

ISBN: 1317397495

Category: Business & Economics

Page: 264

View: 2537

There is evidence that economic fraud has, in recent years, become routine activity in the economies of both high- and low-income countries. Many business sectors in today's global economy are rife with economic crime. Neoliberalism and the Moral Economy of Fraud shows how neoliberal policies, reforms, ideas, social relations and practices have engendered a type of sociocultural change across the globe which is facilitating widespread fraud. This book investigates the moral worlds of fraud in different social and geographical settings, and shows how contemporary fraud is not the outcome of just a few ‘bad apples’. Authors from a range of disciplines including sociology, anthropology and political science, social policy and economics, employ case studies from the Global North and Global South to explore how particular values, morals and standards of behaviour rendered dominant by neoliberalism are encouraging the proliferation of fraud. This book will be indispensable for those who are interested in political economy, development studies, economics, anthropology, sociology and criminology.

Protest and Resistance in the Tourist City

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Author: Claire Colomb,Johannes Novy

Publisher: Routledge

ISBN: 1317515587

Category: Business & Economics

Page: 358

View: 5625

Across the globe, from established tourist destinations such as Venice or Prague to less traditional destinations in both the global North and South, there is mounting evidence that points to an increasing politicization of the topic of urban tourism. In some cities, residents and other stakeholders take issue with the growth of tourism as such, as well as the negative impacts it has on their cities; while in others, particular forms and effects of tourism are contested or deplored. In numerous settings, contestations revolve less around tourism itself than around broader processes, policies and forces of urban change perceived to threaten the right to ‘stay put’, the quality of life or identity of existing urban populations. This book for the first time looks at urban tourism as a source of contention and dispute and analyses what type of conflicts and contestations have emerged around urban tourism in 16 cities across Europe, North America, South America and Asia. It explores the various ways in which community groups, residents and other actors have responded to – and challenged – tourism development in an international and multi-disciplinary perspective. The title links the largely discrete yet interconnected disciplines of ‘urban studies’ and ‘tourism studies’ and draws on approaches and debates from urban sociology; urban policy and politics; urban geography; urban anthropology; cultural studies; urban design and planning; tourism studies and tourism management. This ground breaking volume offers new insight into the conflicts and struggles generated by urban tourism and will be of interest to students, researchers and academics from the fields of tourism, geography, planning, urban studies, development studies, anthropology, politics and sociology.

Social Entrepreneurship and Tourism

Philosophy and Practice

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Author: Pauline J. Sheldon,Roberto Daniele

Publisher: Springer

ISBN: 331946518X

Category: Business & Economics

Page: 332

View: 5024

This volume explores the links between the rapidly growing phenomenon of social entrepreneurship (SE) and the international tourism and hospitality industry. This unique industry is particularly ripe for transformation by SE and the book’s authors delve deeply into the reasons for this. The book has three parts. The first creates a conceptual and theoretical framework for understanding the uniqueness of SE in the tourism context. The second examines different communities of practice where SE is being applied in tourism. The third is a rich collection of case studies from eight countries where tourism SE is already having an impact. The book’s authors address the topic from many different angles, disciplinary backgrounds and geographic areas. Many case study authors are practicing social entrepreneurs who share their successes, challenges and experience with tourism-related projects. The book also proposes a research agenda and educational programmatic changes needed to support tourism SE. As these are developed, tourism SE will bring innovation to destinations, transformation of their economic and social structures, and contribution to a better world. The book has many insights and resources for scholars and practitioners alike to usher in this transformation.

Hegemonic Transitions, the State and Crisis in Neoliberal Capitalism

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Author: Yildiz Atasoy

Publisher: Routledge

ISBN: 1134026773

Category: Business & Economics

Page: 304

View: 7773

More than 15 years have passed since the end of the Cold War, but uncertainty persists in the political-economic shaping of the world economy and state system. Although many countries have institutionalized neoliberal policies since the mid-1970s, these policies have not taken hold to the same degree, nor have their effects been uniform across all countries. Nevertheless there has been widespread deepening of inequalities, and, therefore, scepticism towards the neoliberal project. Uncertainty prevails not only in the relations between states, but also in the relations between forces of capital, citizens, and political power within states. Moreover, there is conceptual confusion in our understanding of the events and processes of neoliberal global transformation. This collection of essays provides a comprehensive theoretical and empirical examination of neoliberal restructuring as a complex political process. In an effort to penetrate and clarify this complexity, the book explores the connections between the economy, state, society, and citizens, while also offering current examples of resistance to neoliberalism. The book provides a forum for rethinking politics that represents a turn to societal forces as essential not only to the uncovering of this complexity but also to the formulation of democratic possibilities beyond global hegemonic projects. The book does not seek to produce a new model for social change, nor does it dwell on the spatial aspects of modernity's new form or the emergence of a new state hegemony (China) or new forms of rule (empire) in managing the world capitalist economy. Instead, the book argues that an understanding of hegemonic transformations requires the problematization of global power as embedded in historically specific social relations.

Religion in the Neoliberal Age

Political Economy and Modes of Governance

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Author: Dr Tuomas Martikainen,Professor François Gauthier

Publisher: Ashgate Publishing, Ltd.

ISBN: 140947335X

Category: Religion

Page: 260

View: 9184

This book, together with a complementary volume 'Religion in Consumer Society', focuses on religion, neoliberalism and consumer society; offering an overview of an emerging field of research in the study of contemporary religion. Claiming that we are entering a new phase of state-religion relations, the editors examine how this is historically anchored in modernity but affected by neoliberalization and globalization of society and social life. Seemingly distant developments, such as marketization and commoditization of religion as well as legalization and securitization of social conflicts, are transforming historical expressions of 'religion' and 'religiosity' yet these changes are seldom if ever understood as forming a coherent, structured and systemic ensemble. 'Religion in the Neoliberal Age' includes an extensive introduction framing the research area, and linking it to existing scholarship, before looking at four key issues: 1. How changes in state structures have empowered new modes of religious activity in welfare production and the delivery of a range of state services; 2. How are religion-state relations transforming under the pressures of globalization and neoliberalism; 3. How historical churches and their administrations are undergoing change due to structural changes in society, and what new forms of religious body are emerging; 4. How have law and security become new areas for solving religious conflicts. Outlining changes in both the political-institutional and cultural spheres, the contributors offer an international overview of developments in different countries and state of the art representation of religion in the new global political economy.

International Tourism Development and the Gulf Cooperation Council States

Challenges and Opportunities

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Author: Marcus L. Stephenson,Ala Al-Hamarneh

Publisher: Routledge

ISBN: 1317690877

Category: Business & Economics

Page: 270

View: 1923

This book examines the challenges facing the development of tourism in the six member states of the Gulf Cooperation Council (GCC): Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE). This region, which largely comprises the Arabian Peninsula, possesses some of the fastest growing economies in the world and is remarkably unique. It shares similar associations and affinities: tribal histories, royal kinship, political associations, Bedu cultural roots, Islamic heritage, rapid urbanization, oil wealth, rentier dynamics, state capitalist structures, migrant labour, economic diversification policies and institutional restructuring. Therefore, this volume takes the study of tourism away from its normative unit of analysis, where tourism in the region is being examined within the context of the Middle East and the wider Islamic and Arab world, towards an enquiry focusing on a specific geo-political territory and socially defined region. Although international tourism development in the region embodies a range of challenges, complexities and conflicts, which are deeply contextualized in this volume, the approach overall does not endorse the normative ‘Gulf bashing’ position that has predominated within the critical enquiries in the region. It presents a forward-looking and realistic assessment of international tourism development, examining development potentialities and constructive ways forward for GCC states and the region as a whole. This edited volume provides a real attempt to examine critically ways in which tourism and its development intersect with the socio-cultural, economic, political, environmental and industrial change that is taking place in the region. By doing so, the book provides a theoretically engaged analysis of the social transformations and discourses that shape our contemporary understanding of tourism development within the GCC region. Moreover, it deciphers tourism development’s role within the context of the GCC states undergoing rapid transformation, urbanization, ultra-modernization, internationalization and globalization. In addition to state-specific illustrations and destination case studies, the work provides insights into relatable themes associated with international tourism development in the region, such as tourism’s relationship with religion, heritage and identity, the environment and sustainability, mobility and cross-border movements, the transport industry, image production and destination branding, mega-development and political stability and instability. The book combines theory with diverse case study illustrations, drawing on disciplinary knowledge from such fields as sociology, political economy and social geography. This timely and original contribution is essential reading for students, researchers and academics in the field of tourism studies and related subject areas, along with those who have regional interests in Middle East studies, including Gulf and Arabian Peninsula studies.

Agribusiness and the Neoliberal Food System in Brazil

Frontiers and Fissures of Agro-neoliberalism

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Author: Antonio Augusto Rossotto Ioris

Publisher: Routledge

ISBN: 1351720635

Category: Business & Economics

Page: 220

View: 7715

Due to new production areas and persistent productivity gains, Brazil has consolidated its position as a global leader and even as a ‘model’ of commercial, integrated crop production. The country is now seen as an agricultural powerhouse that has a lot to offer in terms of reducing the prospect of a looming, increasingly global, food crisis. Agribusiness and the Neoliberal Food System in Brazil focuses on the intensification of Brazilian agribusiness as a privileged entry point into the politicised geography of globalised agri-food. Drawing on rich empirical analysis based around three fieldwork campaigns in the state of Mato Grosso, the book examines the connections between farming, markets and the apparatus of the state. The importance of agribusiness expansion within the wider politico-economic context of Brazilian neoliberalism is demonstrated, thus drawing broader conclusions about the main trends of agribusiness in the world today and providing recommendations for future research. This book will be of great interest to students and scholars of agribusiness, neoliberalism and global food production, as well as those interested in Brazil and Latin America more generally.

Tourism and Citizenship

Rights, Freedoms and Responsibilities in the Global Order

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Author: Raoul Bianchi,Marcus Stephenson

Publisher: Routledge

ISBN: 1134594607

Category: Social Science

Page: 294

View: 2341

More than sixty years since the 1948 Universal Declaration of Human Rights first enshrined the right to freedom of movement in an international charter of human rights, the issue of mobility and the right to tourism itself have become increasingly significant areas of scholarly interest and political debate. However, despite the fact that cross-border travel implies certain citizenship rights as well as the material capacity to travel, the manifold intersections between tourism and citizenship have not received the attention they deserve in the literature. This book endeavours to fill this gap by being the first to fully examine the role of tourism in wider society through a critically-informed sociological reflection on the unfolding relationships between international tourism and distinct renderings of citizenship, with particular emphasis on the ideological and political alignments between the freedom of movement and the right to travel. The text weaves its analysis of citizenship and travel in the context of addressing large-scale societal transformations engendered by globalization, neoliberalism and the geopolitical realignments between states, as well as comprehending the internal reconfiguring of the relationship between citizens and states themselves. By doing so, it focuses on key themes including: tourism and social citizenship rights; race, culture and minority rights; states, markets and the freedom of movement; tourism, peace and geo-politics; consumerism and class; and, ethical tourism, global citizenship and cosmopolitanism. The book concludes that the advancement of genuinely democratic and just forms of tourism must be commensurate with demands for distributive justice and a democratic politics of mobility encompassing all of humanity. This timely and significant contribution to the sociology and politics of international tourism through the lens of citizenship is a must read for students and scholars in both in the fields of tourism and social science. The royalties received from this book will be donated to the International Porter Protection Group.

The State of Sex

Tourism, Sex and Sin in the New American Heartland

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Author: Barbara G. Brents,Crystal A. Jackson,Kathryn Hausbeck

Publisher: Routledge

ISBN: 1135280223

Category: Social Science

Page: 320

View: 559

The State of Sex is a study of Nevada’s brothels that situates the nation's only legal brothel industry in the political economy of contemporary tourism. Nevada is part of the "new American heartland," as its pastimes, people, and politics have become more central to the nation. The rise of a service and leisure economy over the past sixty years has propelled sexuality into the heart of contemporary markets. Yet, neoliberal laws in the United States promote business but limit sexual commerce. How have Nevada's legal brothels survived, while the rest of the country criminalizes prostitution? How do brothels operate? Who works in them? This book brings social theory on globalizing economies, politics, leisure consumption, and emotional labor in interactive service work together with research on contemporary prostitution and sexual commerce. The authors employ an innovative, multi-method sociological approach, combining historical analysis of how the brothels came to be with over a decade's worth of ethnographic research on the current state of the industry.

Beyond Defeat and Austerity

Disrupting (the Critical Political Economy of) Neoliberal Europe

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Author: David J Bailey,Mònica Clua-Losada,Nikolai Huke,Olatz Ribera-Almandoz

Publisher: Routledge

ISBN: 1317494563

Category: Political Science

Page: 288

View: 9400

Much of the critical discussion of the European political economy and the Eurozone crisis has focused upon a sense that solidaristic achievements built up during the post-war period are being continuously unravelled. Whilst there are many reasons to lament the trajectory of change within Europe’s political economy, there are also important developments, trends and processes which have acted to obstruct, hinder and present alternatives to this perceived trajectory of declining social solidarity. These alternatives have tended to be obscured from view, in part as a result of the conceptual approaches adopted within the literature. Drawing from examples across the EU, this book presents an alternative narrative and explanation for the development of Europe’s political economy and crisis, emphasising the agency of what are typically considered subordinate (and passive) actors. By highlighting patterns of resistance, disobedience and disruption it makes a significant contribution to a literature that has otherwise been more concerned to understand patterns of heightened domination, exploitation, inequality and neoliberal consolidation. It will be of interest to students and scholars alike.

The Political Economy of China–Latin America Relations in the New Millennium

Brave New World

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Author: Margaret Myers,Carol Wise

Publisher: Routledge

ISBN: 1317214072

Category: Political Science

Page: 300

View: 8778

In this book, China-Latin America relations experts Margaret Myers and Carol Wise examine the political and economic forces that have underpinned Chinese engagement in the region, as well as the ways in which these forces have shaped economic sectors and policy-making in Latin America. The contributors begin with a review of developments in cross-Pacific statecraft, including the role of private, state-level, sub-national, and extra-regional actors that have influenced China-Latin America engagement in recent years. Part two of the book examines the variety of Latin American development trajectories borne of China’s growing global presence. Contributors analyse the effects of Chinese engagement on specific economic sectors, clusters (the LAC emerging economies), and sub-regions (Central America, the Southern Cone of South America, and the Andean region). Individual case studies draw out these themes. This volume is a welcome addition to the growing body of literature on China-Latin America relations. It illuminates the complex interplay between economics and politics that has characterized China’s relations with the region as a second decade of enhanced economic engagement draws to a close. This volume is an indispensable read for students, scholars and policy makers wishing to gain new insights into the political economy of China-Latin America relations.

Remaking Market Society

A Critique of Social Theory and Political Economy in Neoliberal Times

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Author: Antonino Palumbo,Alan Scott

Publisher: Taylor & Francis

ISBN: 1135041695

Category: Business & Economics

Page: 236

View: 3482

Neoliberalism has been one of the most hotly contested themes in academic and political debate over the last 30 years. Given the global and persistent influence of neoliberal ideas on contemporary styles of governance, social-service provision, and public policy, this intensive interest is understandable. At the same time, the use of the term has become loose, vague, and over-extended, particularly in the extensive critical literature. Rather than engage in further critique, or in the reconstruction of the history of neoliberalism, this volume seeks to bring analytical clarity to the ongoing debate. Drawing inspiration from the work of the Hungarian economic historian, Karl Polanyi, Remaking Market Society combines critique, original formulations, and case studies to form an analytical framework that identifies the key instruments of neoliberal governance. These include privatization, marketization, and liberalization. The case studies examine the development of neoliberal instruments (reform of the British civil service); their refinement (reform of higher education in England and Wales); and their dissemination across national borders (EU integration policies). Rather than look back nostalgically on the post-war welfare-state settlement, in the final chapter the authors ask why the coalitions that supported that settlement broke down in the face of the neoliberal reform movement. This highly original work offers a distinctive transdisciplinary approach to political economy, and therefore is an important read for students and academics who are interested in political economy as well as social theory and political philosophy.

The Origins of Neoliberalism

Insights from economics and philosophy

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Author: Giandomenica Becchio,Giovanni Leghissa

Publisher: Taylor & Francis

ISBN: 1317909356

Category: Business & Economics

Page: 210

View: 5068

Neoliberalism is a doctrine that adopts a free market policy in a deregulated political framework. In recent years, neoliberalism has become increasingly prominent as a doctrine in Western society, and has been heavily discussed in both academia and the media. In The Origins of Neoliberalism, the joint effort of an economist and a philosopher offers a theoretical overview of both neoliberalism’s genesis within economic theory and social studies as well as its development outside academia. Tracing the sources of neoliberalism within the history of economic thought, the book explores the differences between neoliberalism and classical liberalism. This book’s aim is to make clear that neoliberalism is not a natural development of the old classical liberalism, but rather that it represents a dramatic alteration of its original nature and meaning. Also, it fights against the current idea according to which neoliberalism would coincide with the triumph of free market economy. In its use of both history of economics and philosophy, this book takes a highly original approach to the concept of neoliberalism. The analysis presented here will be of great interest to scholars and students of history of economics, political economy, and philosophy of social science.

The Political Economy of Financial Transformation in Turkey

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Author: Galip Yalman,Thomas Marois,Ali R?za Güngen

Publisher: Routledge

ISBN: 1317364694

Category: Business & Economics

Page: 304

View: 8740

This volume provides a comprehensive study of Turkey’s financial transformation into one of the most dynamic, if not trouble-free, emerging capitalisms. While this financial evolution has underwritten Turkey’s dramatic economic growth, it has done so without ameliorating the persistently exploitative and unequal social structures that characterize neoliberalism today. This edited volume, written by an interdisciplinary range of political economists, critically examines Turkey’s financial transformation, contributing to debates on the nature of peripheral financialization. Eschewing economistic interpretations, The Political Economy of Financial Transformation in Turkey underscores both the quantitative significance of exponential growth in financial flows and investments, and the qualitative importance of the state’s institutional restructuring around financial imperatives. The book presents today’s reality as historically rooted. By understanding the choices made under the new Republic (from 1923 onwards), one can better locate the changes launched as a newly liberalizing society (since 1980). Likewise, the decisions made in response to Turkey’s 2001 financial crisis spurred a tectonic break in state–market–society financial relations. The waves of change have reached far and wide: from corporate strategies of accumulation and growth to small- and medium-sized enterprises’ strategies of financial survival; from how finance has penetrated the provisioning of housing to how households have become financialized. Put together, one grasps the complexity and historicity of the power of contemporary finance. One also sees that the changes made have not been class-neutral, but have entailed elevating the interests of major capital groups, particularly financial capital, above the interests of the poor and workers in Turkey. Nor are these changes constrained to its national borders, as what transpires domestically contributes to the making of a financialized world market. Through this ‘Made in Turkey’ approach the contributions in this volume thus challenge dominant understandings of financialization, which are derived from the advanced capitalisms, by sharing the specificity of emerging capitalisms such as Turkey.

The Contradictions of Austerity

The Socio-Economic Costs of the Neoliberal Baltic Model

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Author: Jeffrey Sommers,Charles Woolfson

Publisher: Routledge

ISBN: 1317800141

Category: Business & Economics

Page: 200

View: 2053

The great financial crisis of 2008 and the ensuing global economic and financial turmoil have launched a search for "models" for recovery. The advocates of austerity present the Baltic States as countries that through discipline and sacrifice showed the way out of crisis. They have proposed the "Baltic model" of radical public sector cuts, wage reductions, labor market reforms and reductions in living standards for other troubled Eurozone countries to emulate. Yet, the reality of the Baltic "austerity fix" has been neither fully accepted by its peoples, nor is it fully a success. This book explains why and what are the real social and economic costs of the Baltic austerity model. We examine each of the Baltic States by connecting national level studies within a European and global political economy, thereby delivering comparative breadth that supersedes localized understandings of the crisis. Thus for each of the three Baltic states, individual chapters explore the different economic and social dimensions of neo-liberal post-communism and the subsequent wider global economic and financial crisis in which these newly financialized economies have found themselves especially vulnerable. The "austerity model" adopted by Baltic national governments in response to the crisis reveals the profound vulnerabilities created by their unwavering commitment to liberalized economies, not least in terms of the significant "exit" of their labor forces and consequent population loss.? This book looks beyond basic financial metrics claiming a success story for the Baltic austerity model to reveal the damaging economic and social consequences, first of neo-liberal policies adopted during transition, and latterly of austerity measures based on "internal devaluation." Combined these policies undermine the possibility of longer-term recovery and even social and economic sustainability, not to mention prospects for successful integration in the now-faltering European project that has departed from its "Social Model" roots.