Transnational Business Governance Interactions and Technical Systems in Global Finance

Most transnational regulatory problems involve technical systems: extended sets of productive connections between humans, organized knowledge, and material objects. The functioning and relations between transnational business governance (TBG) schemes in any particular issue area are usually shaped by these technical systems. These technical systems and the material world that they interact with are not simply exogenous environments for TBG schemes. Individual TBG schemes can enhance their power and influence by expanding their function in a technical system, by incorporating the material aspects of the system into their activities, or by producing the system’s technical knowledge. I hypothesize that where a robust technical system exists, the degree of integration and the need for coordination of the activities it involves will mean that in most cases that technical system will be coordinated overall by only one TBG scheme. There are two exceptions: where technical systems overlap, or where the system is so weak that competitive pressures outweigh the factors contributing to specialization. The article develops these themes by drawing on theories that have focused on the social and political aspects of technical systems. The article identifies the contributions and limits of these theories and of a focus on technical systems in analyzing interactions among TBG schemes. The relevance of the theoretical points is assessed with regard to the TBG schemes that are active in global finance

Transnational Business Governance Interactions and Technical Systems in Global Finance

Most transnational regulatory problems involve technical systems: extended sets of productive connections between humans, organized knowledge, and material objects. The functioning and relations between transnational business governance (TBG) schemes in any particular issue area are usually shaped by these technical systems. These technical systems and the material world that they interact with are not simply exogenous environments for tBG schemes. Individual TBG schemes can enhance their power and influence by expanding their function in a technical system, by incorporating the material aspects of the system into their activities, or by producing the system\u27s technical knowledge. I hypothesize that where a robust technical system exists, the degree of integration and the need for coordination of the activities it involves will mean that in most cases that technical system will be coordinated overall by only one TBG scheme. There are two exceptions: where technical systems overlap; or where the system is so weak that competitive pressures outweigh the factors contributing specialization. The article develops these themes by drawing on theories that have focused on the social and political aspects of technical systems. The article identifies the contributions and limits of these theories and of a focus on technical systems in analyzing interactions among TBG schemes. The relevance of the theoretical points is assessed with regard to the TBG schemes that are active in global finance

Finding fault lines in long chains of financial information

IPE has usefully identified numerous contributors to financial crises. Considerably less attention however has been granted to the roles of financial infrastructures, considered in this special issue as the socio-technical systems enabling basic yet crucial financial functions to be carried out, but that tend to be taken for granted and assumed. This article argues that vulnerabilities in information flows enabled through connections between globally dispersed human actors and non-human objects have shaped the types of events triggering crises, how such periods of instability unfold, and their eventual resolution. Building on insights from actor-network theory, we illustrate how fault lines in ‘long chains’ of financial information conditioned three financial earthquakes between the 1980s and the present. Our analysis bridges insights from accounts that tend to separately emphasize material and ideational roots of crises. It also points to the importance of supplementing the stress on quantitative indicators with efforts to identify and address vulnerabilities in the quality of connections between disparate actors and objects that enable or disrupt flows of information facilitating global financial markets

Interrogating technology-led experiments in sustainability governance

Solutions to global sustainability challenges are increasingly technology‐intensive. Yet, technologies are neither developed nor applied to governance problems in a socio‐political vacuum. Despite aspirations to provide novel solutions to current sustainability governance challenges, many technology‐centred projects, pilots and plans remain implicated in longer‐standing global governance trends shaping the possibilities for success in often under‐recognized ways. This article identifies three overlapping contexts within which technology‐led efforts to address sustainability challenges are evolving, highlighting the growing roles of: (1) private actors; (2) experimentalism; and (3) informality. The confluence of these interconnected trends illuminates an important yet often under‐recognized paradox: that the use of technology in multi‐stakeholder initiatives tends to reduce rather than expand the set of actors, enhancing instead of reducing challenges to participation and transparency, and reinforcing rather than transforming existing forms of power relations. Without recognizing and attempting to address these limits, technology‐led multi‐stakeholder initiatives will remain less effective in addressing the complexity and uncertainty surrounding global sustainability governance. We provide pathways for interrogating the ways that novel technologies are being harnessed to address long‐standing global sustainability issues in manners that foreground key ethical, social and political considerations and the contexts in which they are evolving

Brown Adipose Tissue is Linked to a Distinct Thermoregulatory Response to Mild Cold in People

Brown adipose tissue (BAT) plays an important role in thermoregulation in rodents. Its role in temperature homeostasis in people is less studied. To this end, we recruited 18 men [8 individuals with no/minimal BAT activity (BAT-) and 10 with pronounced BAT activity (BAT+)]. Each volunteer participated in a 6 h, individualized, non-shivering cold exposure protocol. BAT was quantified using positron emission tomography/computed tomography. Body core and skin temperatures were measured using a telemetric pill and wireless thermistors, respectively. Core body temperature decreased during cold exposure in the BAT- group only (-0.34oC, 95% CI: -0.6 to -0.1, p = 0.03), while the cold-induced change in core temperature was significantly different between BAT+ and BAT- individuals (BAT+ vs. BAT-, 0.43oC, 95% CI: 0.20 to 0.65, p = 0.0014). BAT volume was associated with the cold-induced change in core temperature (p = 0.01) even after adjustment for age and adiposity. Compared to the BAT- group, BAT+ individuals tolerated a lower ambient temperature (BAT-: 20.6± 0.3oC vs. BAT+: 19.8 ± 0.3oC, p=0.035) without shivering. The cold-induced change in core temperature (r = 0.79, p = 0.001) and supraclavicular temperature (r = 0.58, p = 0.014) correlated with BAT volume, suggesting that these non-invasive measures can be potentially used as surrogate markers of BAT when other methods to detect BAT are not available or their use is not warranted. These results demonstrate a physiologically significant role for BAT in thermoregulation in people. This trial has been registered with Clinaltrials.gov: NCT01791114 https://clinicaltrials.gov/ct2/show/NCT01791114

Competing biosecurity and risk rationalities in the Chittagong poultry commodity chain, Bangladesh

This paper anthropologically explores how key actors in the Chittagong live bird trading network perceive biosecurity and risk in relation to avian influenza between production sites, market maker scenes and outlets. They pay attention to the past and the present, rather than the future, downplaying the need for strict risk management, as outbreaks have not been reported frequently for a number of years. This is analysed as ‘temporalities of risk perception regarding biosecurity’, through Black Swan theory, the idea that unexpected events with major effects are often inappropriately rationalized (Taleb in The Black Swan. The impact of the highly improbable, Random House, New York, 2007). This incorporates a sociocultural perspective on risk, emphasizing the contexts in which risk is understood, lived, embodied and experienced. Their risk calculation is explained in terms of social consent, practical intelligibility and convergence of constraints and motivation. The pragmatic and practical orientation towards risk stands in contrast to how risk is calculated in the avian influenza preparedness paradigm. It is argued that disease risk on the ground has become a normalized part of everyday business, as implied in Black Swan theory. Risk which is calculated retrospectively is unlikely to encourage investment in biosecurity and, thereby, points to the danger of unpredictable outlier events

Science-based intensive agriculture: Sustainability, food security, and the role of technology

Sustainable agriculture describes crop management approaches that address the interdependent goals of increasing or at least maintaining yield while protecting the environment, conserving natural resources, and slowing climate change. Numerous authors have espoused limiting synthetic fertilizer and pesticides and promoting organic agriculture (Lechenet et al., 2014; Martinez-Alcantara et al., 2016; Muller at al. 2017), less meat consumption (West et al., 2014; Poore and Nemecek, 2018; Springmann et al., 2018), or combinations of these strategies as viable solutions to achieve those goals, thereby improving agricultural sustainability