EU member states coordinating policies and positions on a new European
architecture on economicgovernance and the future of the single
currency on an informal basis. 1 This potential new relationship is discussed
by Tonra (Chapter 2), Gallagher et al. (Chapter 3) and Killian (Chapter
The Brexit crisis is also examined specifically in the
context of Northern Ireland in the latter chapters of the
overlook both the benefits and costs
associated with spatial change. Economicgovernance as we know it is
ill-equipped to help decision-makers in the private and public sectors
manage space better, which has become imperative.
The image of the dynamo came to symbolize the importance of electricity and other services in the modern city. These invisible services,
a form of modern labor-saving magic, run virtually automatically, or
at least without the need for those who use them to intervene in their
production: we do not haul water or wood, put coal in furnaces, carry
) enforcement mechanisms are
also proposed by the policy document Wealth for the World (Liberal
Democrats, 2004b). Some Liberal Democrats were obviously more radical
than others in regard to global economicgovernance. As expected, arguments
about ‘universal rights’ and ‘global problems’ intermingled in Liberal
Democrats’ national policy documents in relation to these reforms. More
interesting is how the nature of institutions such as the UN was conceived by
the Liberal Democrats. The UN, in theory and practice, is a multilateral
organisation. New Labour seemed to be fairly
Liberal reform and the creation of new conflict economies
Jenny H. Peterson
privatisation remains as a key strategy in installing a liberal peace, both
guiding and operational actors within the DSI initially took a very cautious
approach to privatising in Kosovo. However, such cautiousness was not a
function of a limited commitment to liberal ideology, but rather a fear of the
legal and personal ramifications for operational staff. Once legal concerns
were addressed, the commitment to free market ideologies and technologies of
economicgovernance was revived and implemented at rapid pace. The
renewed commitment to this cornerstone of neo
that Southern countries were in fact capable of endogenously managing their own economic affairs. This, combined with the dramatic economic improvements under the Lula presidency – which saw Brazil go from owing the IMF $50 billion in 2002 to loaning it $10 billion in 2009 – opened the space for Brazil’s legitimate inclusion in key economicgovernance institutions such as the G20 Finance and the quieter, but possibly more significant Financial Stability Forum (Armijo and Katada, 2014 ). Indeed, IMF confidence in former Brazilian macro-economic officials is such that
of pan-European solutions, was dragging its feet because it wished to exempt many of its own banks from such a regime. 11 EU anti-crisis measures have lacked substance. Often their purpose appears to be to provide sound-bites for the crisis summits held at regular intervals since the spring of 2010, or else position beleaguered leaders to overcome electoral challenges (such as the contest Angela Merkel faced in September 2013). Plans for economicgovernance of the EU contain bold intentions but they are invariably vague on detail. There is no architecture in place
Lecture on Global EconomicGovernance, delivered at the London
School of Economics and Political Science on 6 June 2002.
Address by Kofi Annan at the ceremony of adherence to the Global Compact, delivered
in Madrid on 1 April 2002.
J.G. Ruggie, Taking Embedded Liberalism Global: The Corporate Connection. Institute
for International Law and Justice, New York University School of Law (2003), pp.
93–129, quote on p. 122.
K.A. Annan, ‘The Quiet Revolution’, Global Governance, 4:2 (1998), 123–38, quote on
K.A. Annan, Interventions, p. 221.
United Nations Millennium
Catherine Moury, Stella Ladi, Daniel Cardoso, and Angie Gago
guarantee bondholders that they will be paid back whatever the circumstances (De Grauwe, 2012 ).
The shrinking discretion of European governments became crystal clear during the sovereign debt crisis (Ferrera, 2017 ; Ladi and Graziano, 2014 ; Streeck, 2014 ), a period of ‘coercive Europeanisation’ (Ladi and Graziano, 2014 ). As described in the introductory chapter, European economicgovernance rules were modified over this period, and the new instruments increased the EU's surveillance and enforcement capacity regarding the implementation of
competitiveness in very general terms. A key tripartite declaration of 2004, concerning competitiveness, stable employment and social cohesion, also makes no precise references to challenges related to European economicgovernance in eight pages of text (Gobierno de España et al. , 2004 ). As with the case of Germany, it is reasonable to attribute such lack of preparation to difficulties associated with long-term planning. It is easy to suppose in hindsight that the specific goal of competitiveness within the single currency exercised key influence on the minds of unions
Pan-African Philosopher of Democracy and Development
L. Adele Jinadu
relationship between democracy and development as seamless, combining democratic political processes – governance or “soft infrastructures” – with socio-economic arrangements, including “social and physical infrastructures”. These processes and arrangements are designed to protect and promote the freedoms and rights of citizens, as well as advance human development and security through broad-based, state-led allocation and distribution of social surpluses.While the thematic focus on economicgovernance and management, corporate governance, and socio-economic development