148 research outputs found

    The Trade Imbalance Isn’t the Problem

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    Understanding the political motivations that shape Rwanda’s emergent developmental state

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    Twenty years after its horrific genocide, Rwanda has become a model for economic development. At the same time, its government has been criticized for its authoritarian tactics and use of violence. Missing from the often-polarized debate are the connections between these two perspectives. Synthesizing existing literature on Rwanda in light of a combined year of fieldwork, we argue that the GoR is using the developmental infrastructure to deepen state power and expand political control. We first identify the historical pressures that have motivated the Rwanda Patriotic Front (RPF) to re-imagine the political landscape. Sectarian unrest, political rivalry, wider regional insecurity, and aid withdrawal have all pressured the RPF to identify growth as strategic. However, the country’s political transformation extends beyond a prioritisation of growth and encompasses the reordering of the social and physical layout of the territory, the articulation of new ideologies and mindsets, and the provision of social services and surveillance infrastructure. Growth and social control go hand in hand. As such, the paper’s main contribution is to bring together the two sides of the Rwandan debate and place the country in a broader sociological literature about the parallel development of capitalist relations and transformations in state power

    Nothing New in the (North) East? Interpreting the Rhetoric and Reality of Japanese Corporate Governance

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    Japan finally seems to be pulling itself out of its lost decade (and a half) of economic stagnation. Some grudgingly or triumphantly attribute this to micro-economic reforms, freeing up arthritic markets, although there is also evidence that macro-economic policy failures have been a major cause of poor performance since the 1990s. Many point to overlapping transformations in corporate governance, broadly defined to cover relationships among managers and employees as well as between firms and outside shareholders, creditors, and other stakeholders. These relationships are in flux, with moves arguably favouring shareholders and more market-driven control mechanisms. It has certainly been a found decade for law reform in Japan, particularly in corporate law, with a plethora of legislative amendments commencing around 1993 and culminating in the enactment of a consolidated Company Law in 2005. This modernisation project, particularly since 2001, is reportedly aimed at (i) securing better corporate governance, (ii) bringing the law into line with a highly-developed information society, (iii) liberalising fundraising measures, (iv) bringing corporate law into line with the internationalization of corporate activity, and (v) modernizing terms and consolidating corporate law. Because the suite of revisions has moved away from strict mandatory rules set out originally in Japan\u27s Commercial Code of 1899, modeled primarily on German law, another growing perception is that Japanese corporate law and practice is or will soon be converging significantly on US models. However, assessments remain divided as to whether these moves in corporate governance and capitalism more generally in Japan amount to a new paradigm or regime shift . Focusing primarily on quite influential commentary in English, Part I of this paper outlines two pairs of views. It concludes that the most plausible assessment is of significant but gradual transformation towards a more market-driven approach, evident also in other advanced political economies. Drawing more generally from these often virulently divided views, Part II sets out five ways forward through the proliferating literature and source material on corporate governance in Japan. Particular care must be taken in: (i) selecting the temporal timeframe, (ii) selecting countries to compare, (iii) balancing black-letter law and broader socio-economic context, (iv) reflecting on and disclosing normative preferences, and (v) giving weight to processes as well as outcomes, when assessing change in Japan - and any other country\u27s governance system. Part III ends with a call for further research particularly on law- and policy-producing processes, rather than mainly outcomes. It also outlines the usefulness of this analytical framework for analysing the broader field of Corporate Social Responsibility, now emerging as the next major area of debate and transformation in Japan - as elsewhere

    Jobs, Votes and Legitimacy: the Political Economy of the Mozambican Cashew Processing Industry’s Revival

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    This article seeks to explain the revival of the Mozambican cashew processing industry after it was virtually wiped out by liberalisation policies at the turn of the millennium. Over the last decade state, private and external actors have cooperated to rehabilitate cashew processing with a concerted industrial policy and rents generated by protection. It is argued that such rent creation is a political process and that theories of ‘good governance’ and ‘developmental neopatrimonialism’ are unable to explain political support to the cashew sector in Mozambique. The ‘developmental state’ literature is a more useful guide not only to how the industry was rehabilitated, but also to where the political ‘will to develop’ originated in other contexts. Following from this discussion, it is argued that in Mozambique an elite ideology of nationalism, modernisation and anti-imperialism paved the way for protection of the cashew industry, while more active support was a result of more immediate concerns around finely balanced elections, inadequate employment generation in the broader economy and the faltering legitimacy of the ruling party

    Nothing New in the (North) East? Interpreting the Rhetoric and Reality of Japanese Corporate Governance

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    Beyond bilateral approaches

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    행사명 : Academic Symposiu
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