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7851. Policy Papers by Women of Color: Decolonizing International Development

Author:
Tamara White, Aisha White, Gabrielle B. Gueye, Daniet Moges, and Eliza Gueye
Publication Date:
02-2022
Content Type:
Policy Brief
Institution:
Women of Color Advancing Peace, Security and Conflict Transformation (WCAPS)
Abstract:
This series explores a handful of scenarios where colonial legacies surface in international development and humanitarian aid work, from staffing and institution building to food aid and global tourism. Exploring these topics and seeking to deconstruct the systems and structures that impede success in development and humanitarian efforts is critically important in ensuring that we ultimately meet global goals and restore integrity to our sector. Many believe international development and humanitarian aid are irreconcilable and that this work is an extension of colonialism, but our constituency believes that there is hope in transforming the sector and shifting power to those who should rightfully own this work and reap the benefits of development.
Topic:
Development, Humanitarian Aid, Tourism, Culture, Neoliberalism, Decolonization, Institutions, COVID-19, and Food Assistance
Political Geography:
Global Focus and United States of America

7852. The Persistence of QAnon in the Post-Trump Era: An Analysis of Who Believes the Conspiracies

Author:
PRRI Staff
Publication Date:
02-2022
Content Type:
Special Report
Institution:
PRRI: Public Religion Research Institute
Abstract:
The right-wing QAnon conspiracy movement emerged on the internet in late 2017. While followers of the QAnon movement claim a variety of different beliefs, the main threads of QAnon’s core theory are that a network of Satan-worshipping pedophiles control the government and media, and that a coming “storm” will sweep them out of power.[1] The QAnon movement centered former President Donald Trump as its key leader, and said he was secretly fighting to unmask the evildoers who controlled the political and economic systems of power. Perhaps the most visible role QAnon has played was in the January 6, 2021, insurrection at the Capitol, from which the “QAnon shaman” became an iconic image. Fortunately, the goal of keeping Trump as president despite his electoral defeat was not achieved. Even through Trump leaving office, major social media platforms banning QAnon activity, and the leader of the movement, called “Q,” disappearing from the internet, QAnon has continued to thrive on alternative platforms with a handful of influencers leading the group.[2] PRRI data also shows that the proportion of Americans who believe, or are at least open to believing, QAnon conspiracies held mostly steady throughout 2021.
Topic:
QAnon, Conspiracy Theory, Political Extremism, and Partisanship
Political Geography:
United States of America and North America

7853. From Passive Owners to Planet Savers? Asset Managers, Carbon Majors and the Limits of Sustainable Finance

Author:
Joseph Baines and Sandy Brian Hager
Publication Date:
02-2022
Content Type:
Working Paper
Institution:
City Political Economy Research Centre (CITYPERC), University of London
Abstract:
This article examines the role of the Big Three asset management firms — BlackRock, Vanguard and State Street — in corporate environmental governance. Specifically, it charts the Big Three’s relationships with the public–owned Carbon Majors: a small group of fossil fuels, cement and mining companies responsible for the bulk of industrial greenhouse gas emissions. It finds that the Big Three much more often than not oppose rather than support shareholder resolutions aimed at improving environmental governance. Notably, this is even the case with the Big Three’s environmental, social and governance funds. A more fine–gained analysis shows that the combined voting decisions of the Big Three are more likely to lead to the failure than to the success of environmental resolutions and that, whether they succeed or fail, these resolutions tend to be narrow in scope and piecemeal in nature. Based on these findings, the article raises serious doubts about the Big Three’s credentials as environmental stewards.
Topic:
Environment, Finance, Fossil Fuels, Sustainability, and Corporate Governance
Political Geography:
Global Focus

7854. The European Banks’ Role in the Financial Crisis of 2007-8: A Critical Assessment

Author:
Photis Lysandrou
Publication Date:
03-2022
Content Type:
Working Paper
Institution:
City Political Economy Research Centre (CITYPERC), University of London
Abstract:
Since the outbreak of the financial crisis in 2007, opinion has been divided over whether its root cause was credit arbitrage or safe asset demand. New research on the European banks' role in the crisis may finally help to resolve the issue. Far from being peripheral players in the crisis, European banks were deeply implicated in its causal origins as evidenced by their activities in the two US debt markets that were at the heart of the crisis: those for collateralised debt obligations (CDOs) and for asset backed commercial paper (ABCP). These activities would seem to lend weight to the credit arbitrage story, a conclusion that has been reached by several authors. However, it is a conclusion only made possible by ignoring the connection between the federal funds rate and the rate of ABCP demand from the institutional money market mutual funds (MMMFs) in the pre-crisis era. This paper argues that when this connection is closely examined, it turns out that the evidence surrounding the European banks' role in the financial crisis gives greater weight to the safe asset demand explanation of the crisis.
Topic:
Markets, Financial Crisis, Banks, Debt Securities, Assets, and Federal Funds Rate
Political Geography:
Europe and United States of America

7855. Financial eschatology and the libidinal economy of leverage

Author:
Amin Samman and Stefano Sgambati
Publication Date:
01-2022
Content Type:
Working Paper
Institution:
City Political Economy Research Centre (CITYPERC), University of London
Abstract:
Apocalyptic thinking has a long religious and political tradition, but what place does it occupy within the temporal universe of contemporary capitalism? In this essay, we use the figure of the eschaton to draw out the loaded and ambiguous character of the future as it emerges through the condition of indebtedness. This entails a departure from political economy accounts of capitalist futurity, which stress the structural logic of financial speculation, in favour of an existential account that begins instead with the cosmology of money and debt. We argue that finance capital’s fixation on the future has produced a very specific form of apocalyptic imagination, characteristic of financial society and built on a libidinal economy of leverage. Rather than offering an ecstatic end to the global process of financialization, financial eschatologies bind the contemporary subject to debt and indebtedness to the very end: an endless apocalypse, premised on the ends of finance itself.
Topic:
Debt, Finance, Money, Eschatology, Futurity, Leverage, and Libidinal Economy
Political Geography:
Global Focus

7856. The evolving contribution of R&D, advertising and capital expenditures for US-listed firms’ growth in sales, 1979-2018: A quantile regression analysis

Author:
Joel Rabinovich
Publication Date:
01-2022
Content Type:
Working Paper
Institution:
City Political Economy Research Centre (CITYPERC), University of London
Abstract:
This article presents new insights on the evolving contribution of different types of investments to the growth in sales of US nonfinancial listed firms during the 1979-2018 period. By means of quantile regressions it is observed an increasing contribution over time of intangible investment vis-à-vis a decline in capital expenditure both for high-growth and slow-growth firms. However, the impact of different types of intangible investment differs depending on the kind of firm. Whereas research and development (R&D) has a positive contribution for high-growth firms, only advertising has a positive effect for their slow-growth peers.
Topic:
History, Investment, Research and Development, Firm Growth, Quantile Regression, and Intangibles
Political Geography:
North America and United States of America

7857. Taliban Victory Serves as a Model for Palestinian Terror Groups

Author:
Marta Furlan
Publication Date:
03-2022
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
World powers and Israel should refuse to recognize the Taliban regime. This would give hope to Middle Eastern terrorist groups like Hamas that they could also gain recognition under the right conditions. Upon returning to government, the Taliban have been implementing a system of civilian administration based on their Islamist ideological background. The consequences for women and minorities have been horrifying. The same can be said about Afghanistan’s economy, which can no longer provide for its starving population. The Taliban began house searches around Kabul recently, drawing criticism from Western diplomats about rights abuses. The Taliban claim that the operations are to find “kidnappers, professional thieves and crime groups,” however, seven residents told Reuters that the searches were spreading fear and appeared indiscriminate. In terms of security, the Afghan-Pakistani border and the Afghan-Iranian border have traditionally been porous, with illicit goods, illegal immigrants, and terrorists linked to al-Qaida and the Islamic State-Khorasan Province moving undetected from one country to another. Similarly, the borders shared by Tajikistan, Turkmenistan, and Uzbekistan with Afghanistan remain characterized by volatility, which exposes those countries to the risk of exportation of terrorism from Afghanistan. Though Afghanistan’s neighbors have engaged in efforts to increase border security by erecting fences, conducting anti-terrorism exercises in the border areas, and relocating troops to border areas, the potential security threats originating from Afghanistan remain a source of great concern for the region and beyond. Nevertheless, for Islamists across the border in Pakistan and elsewhere in the Muslim world, the Taliban’s victory – and ability to hold onto power in Afghanistan – serves as a model they seek to follow. This should cause worry for Israel due to the encouragement this provides to radical Islamist armed groups such as Hamas and Palestinian Islamic Jihad (PIJ) that a return to the armed struggle is the only path to defeat Israel.
Topic:
Terrorism, Military Strategy, Territorial Disputes, Taliban, and Conflict
Political Geography:
Middle East, Israel, and Palestine

7858. Turkey’s struggling economy, regional isolation, behind latest charm offensive with Israel and other countries

Author:
Efraim Inbar
Publication Date:
02-2022
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
A clear Turkish rationale for better relations with Israel is to weaken the strategic partnership between Jerusalem, Greece, and Cyprus and get access to Israel’s natural gas.
Topic:
Diplomacy, Natural Resources, Gas, and Strategic Interests
Political Geography:
Europe, Turkey, Middle East, and Israel

7859. The EU is Reluctantly Getting Tougher with Putin

Author:
Emmanuel Navon
Publication Date:
02-2022
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
Europeans surely remember what happens when you let an autocrat get away with grabbing territories hoping that the last bite will be the last one
Topic:
Diplomacy, Military Strategy, European Union, and Conflict
Political Geography:
Russia, Europe, and Ukraine

7860. Understanding the Russia-Iran-Israel Triangle

Author:
Daniel Rakov
Publication Date:
02-2022
Content Type:
Working Paper
Institution:
Jerusalem Institute for Strategy and Security (JISS)
Abstract:
As Tehran invests efforts to improve relations with Russia, Israel will have to maintain a dialogue with Moscow to safeguard its military and diplomatic freedom of action.
Topic:
Diplomacy, Military Strategy, Conflict, and Strategic Stability
Political Geography:
Russia, Europe, Iran, Middle East, and Israel