The commodification of security in the risk society

Expanding on the works of Beck and others on the growing business of risk, this paper examines the role of private industry in the creation, management and perpetuation of the world risk society. It observes that the replacement of the concept of security with risk over the past decades has permitted private firms to identify a growing range of unknown and unknown-unknown dangers which cannot be eliminated and require continuous risk management. Using the discourse of risk and its strategies of commercialized, individualized and reactive risk management, the private risk industry has thus contributed to the rise of a world risk society in which the demand for security can never be satisfied and so guarantees continuous profits

Assessing the Role of Microfinance in Fostering Adaptation to Climate Change

Much of the current policy debate on adaptation to climate change has focussed on estimation of adaptation costs, ways to raise and to scale-up funding for adaptation, and the design of the international institutional architecture for adaptation financing. There is however little or no emphasis so far on actual delivery mechanisms to channel these resources at the sub-national level, particularly to target the poor who are also often the most vulnerable to the impacts of climate change. It is in this context that microfinance merits a closer look. This paper offers the first empirical assessment of the linkages between microfinance supported activities and adaptation to climate change. Specifically, the lending portfolios of the 22 leading microfinance institutions in two climate vulnerable countries – Bangladesh and Nepal - are analysed to assess the synergies and potential conflicts between microfinance and adaptation. The two countries had also been previously examined as part of an earlier OECD report on the links between macro-level Official Development Assistance and adaptation. This analysis provides a complementary “bottom-up” perspective on financing for adaptation. Insights from this analysis also have implications for OECD countries. This is because microfinance is also being increasingly tapped to reduce the vulnerability of the poor in domestic OECD contexts as well and may therefore have the potential to contribute to adaptation. The paper identifies areas of opportunity where microfinance could be harnessed to play a greater role in fostering adaptation, as well as its limitations in this context. It also explores the linkage between the top-down macro-financing for adaptation through international financial mechanisms and the bottom-up activities that can be implemented through microfinance.Microfinance, Climate Change, Financing, Adaptation, Bangladesh, Nepal

Risk, commercialism and social purpose: Repositioning the English housing association sector

Originally seen as the ‘third arm’ of UK housing policy, the independent, not-for-profit housing association sector had long been seen as effective in ‘filling the gap’ where the state or market were unable to provide for households in need. Since the 1980s in particular, successive governments had viewed housing associations in favourable terms as efficient, semi-autonomous social businesses, capable of leveraging significant private funding. By 2015, in contrast, central government had come to perceive the sector as inefficient, bureaucratic and wasteful of public subsidy. Making use of institutional theory, this paper considers this paradigm shift and examines the organisational responses to an increasingly challenging operating environment. By focusing, in particular, on large London housing associations, the paper analyses their strategic decision-making to address the opportunities and threats presented. The paper argues that in facing an era of minimal subsidy, low security and high risk, the 2015 reforms represent a critical juncture for the sector. Housing organisations face a stark dilemma about whether to continue a strategy of ‘profit for purpose’ or to embrace an unambiguously commercial ethos. The article contends that the trajectory of decision-making (although not unidirectional) leads ultimately towards an increased exposure to risk and vulnerability to changes in the housing market. More fundamentally, the attempt to reconcile social and commercial logics is likely to have wider consequences for the legitimacy of the sector

SMALL AND MEDIUM ENTERPRISE’S GROWTH AND NEW TECHNOLOGIES IMPLEMENTATION

If managers of many SME do not clearly assume the necessity to modernize their organizations, they will not be able to take advantage of all its resources' potentialities, not only the technological resources, but also of the capacities and qualifications of the human resources. This article looks at how new technologies and their inherent risks have to be considered to achieve performance, to enhance productivity, and to strengthen competitiveness. The solution demands the understanding of the capacities of technologies, the possibility of exploring their benefits and the effort of acquiring an improving the management performance.Innovation management, Change management, SME’s growth, Performance management

10-01 "Climate-Resilient Industrial Development Paths: Design Principles and Alternative Models"

Global climate change is here. According to recent scientific reports, the earth has warmed by nearly half a degree centigrade over the last twenty five years. Even with robust mitigation efforts, the global climate could warm by up to 4 degrees centigrade due to past emissions. Under a business-as-usual, high consumption fossil fuel-based development path, it could warm even more, resulting in catastrophic and life-threatening destruction of earth’s eco-systems. The “climate imperative”—the urgent need to both mitigate and adapt to global climate change—has important implications for economic development paths in general and industry and energy policies in particular. Development models and practice historically have treated climate—and indeed, the natural environment in general—as exogenous. Future development models will need to incorporate both climactic uncertainty and the economic threats and opportunities arising from an evolving global climate regime. Developing countries, which are especially vulnerable to climate instability, will need to design energy and industry policies which aim to achieve not only economic and social objectives but which also enhance climate resilience. This paper explores the broad contours of climate resilient industrial development paths. It defines development as an increase in local capacities for production and innovation and argues that the overarching goal of development is the generation of sustainable livelihoods. It suggests that. to be climate resilient, industry policies should have four key design features: 1) they are pro-active; 2) they promote industrial diversification; 3) they focus on mobilizing investment in environmentally sustainable industries and infrastructure, including low-carbon and renewable energy; 4) they are highly responsive to local geo-physical conditions and are based on principles of adaptive management; and 5) they are designed, implemented and governed via accountable partnerships involving government, business, and community actors. The paper evaluates three development macro-models—neo-liberal, sustainable globalization, and new developmental—against the five design principles and finds that aspects of both climate vulnerability and climate-resilience are embodied in each. The paper concludes that responding to the climate imperative will require not a new synthesized one-size-fits-all model but a multiplicity of economic development paths. The effort to articulate the theory and praxis of such paths has barely begun.

Scoping study on natural resources and climate change in Southeast Asia with a focus on agriculture. Final report

Climate change / Natural resources / Environmental effects / Agroecology / Agricultural production / Crops / Cropping systems / Farming systems / Livestock / Fisheries / Food security / Water management / Economic aspects / Rural poverty / Policy / Nutrient management / South East Asia / Cambodia / Laos / Thailand / Vietnam / Myanmar / China / Greater Mekong Subregion / Tonle Sap / Yunnan

Coordinating Local Adaptive Strategies through a Network-Based Approach

As the impacts of climate change become increasingly destructive and pervasive, climate adaptation has received greater political and academic attention. The traditional top-down model for mitigating climate change, however, is ill-suited to implementing effective adaptation strategies. Yet, local communities most impacted by climate change seldom have the tools and resources to develop effective adaptive strategies on their own. This note argues that a bottom-up, network-based approach could be a promising paradigm towards implementing effective adaptive strategies and empowering affected communities

Paradigm shift? A critique of the IMF’s new approach to capital controls

The global financial crisis forcefully highlighted the importance of developing mechanisms to curb the effects of large and volatile capital inflows on growth and financial stability in developing countries. It led the IMF to reconsider its long-standing rejection of capital controls. This paper explores the analytical framework underlying the IMF’s new position, arguing that its sequencing strategy offers a formulaic solution that neglects the institutional make-up of money and currency markets, is asymmetric in its emphasis on the upturn of the liquidity cycle and sanctions capital-controls only as a last-resort solution. The new approach can have perverse impacts, increasing vulnerability where banks play an important role in the intermediation of capital inflows. The paper offers alternative policy solutions that focus on realigning bank incentives towards longer horizons and sustainable growth models, combining carefully designed central bank liquidity strategies and institutional changes in the banking sector.IMF, capital controls, financial crisis, global liquidity, shadow banks, sterilizations, central banks.

Kenya Human Development Report 2013: Climate Change and Human Development - Harnessing Emerging Opportunities

Since independence, Kenya has been progressing towards the realization of human development. The national economy has expanded throughout the years, and significant progress has been achieved in reducing genderbased differences, supporting the development of the most vulnerable segments of the population, improving access to health and sanitation services, promoting a more equitable access to resources, protecting human rights, and valuing individual goals and objectives. Consequently, the 2012 Human Development Index (HDI) estimate for Kenya is now 0.522, an improvement from the previous year's score of 0.509. This score is higher than the average for Sub-Saharan Africa

Beck and beyond: Selling security in the world risk society

©2010 British International Studies AssociationExpanding on the works of Beck and others on the growing business of risk, this article examines the role of the private security industry in the creation, management and perpetuation of the world risk society. It observes that the replacement of the concept of security with risk over the past decades has permitted private firms to identify a growing range of unknown and unknown-unknown dangers which cannot be eliminated, but require permanent risk management. Using the discourse of risk and its strategies of commercialised, individualised and reactive risk management, the private risk industry thus has contributed to the rise of a world risk society in which the demand for security can never be satisfied and guarantees continuous profits