Journal ArticleDOI
The Global Economic Crisis, Eastern Europe, and the Former Soviet Union: Models of Development and the Contradictions of Internationalization
Adrian Smith,Adam Swain +1 more
TLDR
This paper reviewed the character and consequences of the global economic crisis in these countries, focusing on how forms of geoeconomic and geopolitical integration undertaken during their post-socialist transitions have contributed to economic vulnerabilities exacerbated by the emerging crisis, and the consequences for East-Central Europe of adhering to a development model based on internationalization of the financial sector, cheap credit, and increasing reliance on exports to compensate for energy resource imports.Abstract:
Two UK-based geographers specializing in the economies of East-Central Europe and the former Soviet Union review the character and consequences of the global economic crisis in these countries, focusing on how forms of geo-economic and geopolitical integration undertaken during their post-socialist transitions have contributed to economic vulnerabilities exacerbated by the emerging crisis. Particular emphasis is placed on the consequences for East-Central Europe of adhering to a development model based on internationalization of the financial sector, cheap credit, and increasing reliance on exports to compensate for energy resource imports. The authors explore the likely distancing within the broader region of a group of new "insiders" (Euro-zone countries as well as the new EU member states) from an uneven landscape of "outsiders" (including Ukraine and other FSU states), as well as some of the recent tensions emerging between old and new EU member states.Journal of Economic Literature, Classification Nu...read more
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Journal ArticleDOI
The local geographies of the financial crisis: from the housing bubble to economic recession and beyond
TL;DR: The recent financial crisis, with its origins in the collapse of the sub-prime mortgage boom and house price bubble in the USA, is shown to have been a striking example of "glocalisation" with distinctly locally varying origins and global consequences and feedbacks as discussed by the authors.
Journal ArticleDOI
Integrating Finance into Global Production Networks
TL;DR: Coe et al. as discussed by the authors distils the concept of the global financial network from financial geography and related scholarship, with advanced business services, world cities and offshore jurisdictions at the core.
Journal ArticleDOI
Contemporary Crisis Across Europe and the Crisis of Regional Development Theories
Costis Hadjimichalis,Ray Hudson +1 more
TL;DR: Hadjimichalis et al. as mentioned in this paper explored the prima facie puzzling issue of why so much contemporary theory in economic geography and regional planning has so little to say about the causes of the current post-2007 crisis and its geography globally and in Europe.
Journal Article
Theorising Transition: The Political Economy of Post-Communist Transformations
Journal ArticleDOI
Uneven transformations: Space, economy and society 20 years after the collapse of state socialism:
Adrian Smith,Judit Timár +1 more
TL;DR: For example, this paper argued that the effective collapse of the state-centrist, collectivist and planned model of development across one of the largest parts of the world not only led to a profound, highly uneven and contested set of transformations within the region, but has also meant that, in the words of Stenning (2010), we are all postsocialist now.
References
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A Secure Europe in A Better World
TL;DR: The European Union is inevitably a global player and it should be ready to share in the responsibility for global security and in building a better world as mentioned in this paper. But no single country is able to tackle today's complex problems on its own.
Journal ArticleDOI
Is a Finance-Led Growth Regime a Viable Alternative to Fordism? A Preliminary Analysis
TL;DR: In this paper, the viability and desirability of a finance-led growth regime is assessed against the historical evidence about the many alternative regimes that have been proposed as successors to Fordism.
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The New International Division of Labour: Structural Unemployment in Industrialised Countries and Industrialisation in Developing Countries
TL;DR: In this paper, the development of the Federal German textile and garment industry as determined by developments in the world economy is discussed. And the economic and political determinants and consequences of increased production abroad are discussed, as well as the impact of world market oriented industrialisation on the socioeconomic development of developing countries.
Book
Fixing Global Finance
TL;DR: In this paper, the authors explain how global imbalances helped cause the financial crises now ravaging the U.S. economy and outline steps for ending this destructive cycle. But their focus is on the United States and not the rest of the world.
Journal ArticleDOI
A very geographical crisis: the making and breaking of the 2007–2008 financial crisis
TL;DR: The authors argues that the origins of the financial crisis of 2007-2008 can ultimately be located in four spaces: in international financial centres, in particular, in the longstanding competition that has existed between London and New York; in the insularity of the everyday geographies of money that have emerged in such centres in the wake of the apparent hegemony of financialization; in a geographical recycling of surpluses and deficits and, more particularly, the structural dependency that has grown up between China and the USA, and, finally, the growing power of financial media, which is an increasingly significant agent
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