Johannes Jäger

Fachhochschule des bfi Wien

European integration theory considers to what extent the EU can realize a telos where American pluralismis the template. Not withoutmerits, but considering the financial and eurozone crises fatally, such perspectives elide power relations and attendant contradictions and irrationalities that are constitutive of transatlantic integration itself. Reg...

The European crisis is not yet over. Austerity policies introduced to counter crisis seem to have had contrary, in many respects devastating effects (Kentikelenis et al. 2014). These ‘anti-crisis’ policies have put the burden of the crisis above all on lower and middle classes of peripheral countries and deepened the core-periphery divide within the...

The chapter provides an overview of perspectives in IPE based on Marxist traditions, often called structuralist perspectives. Recent trends in academic debate have led to the term, Critical International Political Economy (CIPE), being preferred. The chapter starts by presenting key elements of Marx’s critical political economy. Based on these, it...

Green finance has been increasingly presented as being an effective solution to global environmental problems and climate change. However, today’s global financial structures tend to reproduce global inequalities and contribute to continued, highly unequal over-use and destruction of the environment, as well as a global ecological crisis. This pape...

Der Artikel geht der Frage nach, wie Leistbarkeit und Nachhaltigkeit von Wohnen sichergestellt werden können. Dazu werden zunächst kritisch-akademische Zugänge in diesem Bereich analysiert und Blindstellen sowie Probleme aufgezeigt. In der Folge wird ein theoretischer Rahmen umrissen, der es erlaubt, die Zusammenhänge zwischen Akkumulation, Regulat...

Critical political economy (CPE) has a long-standing pre-disciplinary tradition that can also be understood as a post-disciplinary or a trans-disciplinary approach. The central argument of this article is that CPE represents a proper basis for global political economy (GPE). This is for three fundamental reasons: first, CPE’s purpose and perspectiv...

Sustainable green finance is often promoted as an innovative tool to deal with environmental problems. This paper assesses policy proposals at the level of the EU and UNCTAD’s Green New Deal, specifically regarding its suggestions in the field of sustainable finance. It provides a theoretical framework in the tradition of critical political economy...

Abstract: In recent years, green finance has emerged as a commonly used strategy for dealing with environmental problems. However, it still remains to be seen whether green finance deals effectively with current global environmental problems. More recently, proposals regarding greening monetary policy have emerged. The goal of this paper is to prov...

The chapter provides an overview of the way in which the dependency research program was adopted and adapted in the European academia. In the 1970s and 1980s, dependency theories inspired the analysis of uneven development and developmental strategies with a central focus in Southern Europe. The crisis of 2008 onwards has contributed to a rediscove...

In our contribution, we take a look at the real structures behind the EU integration narrative of cohesion and convergence from the point of view of critical political economy. We will argue that it is uneven development rather than cohesion and convergence that re—ects the structural imbalances that seem to have haunted the EU from the early days.

Green finance is often presented as being essential for sustainability. In the tradition of critical political economy, this paper focuses on (green) finance and its impact on the use of natural resources and the environment. Given the global dimension of many environmental problems and the economic interconnections of the use of global natural res...

Green Finance ist eine Klammer, die viele gesellschaftliche Sektoren eint. Ein vom Finanzsektor getriebener Diskurs, der versucht widersprüchliche Interessen zusammenzubringen und das Zeug hat hegemonial zu sein. Aber können damit Umweltprobleme wie die Klimakrise oder die globale Zerstörung von Biodiversität tatsächlich in den Griff gebracht werde...

Niemand hatte den Aufstand und die Massenproteste, die in Chile im Oktober 2019 begonnen haben, vorhergesehen. So heißt es oft. Dennoch stimmt das nicht ganz. Seit längerem war die soziale Unzufriedenheit mehr und mehr gestiegen. Der Glaube an die Institutionen war tief erschüttert und der scheinbare Glanz des neoliberalen Muster-lands war verloren...

Property markets play an important role in structuring geographic phenomena and processes such as the spatial distribution of economic activities or residential segregation. Land rent theory proves to be a powerful tool for the understanding of land markets, their constitution, and their regulation. In a narrow definition, land rent refers to the p...

Recently, there have been public concerns about the impact of emerging market multinationals. The expansion of China's multinationals to Europe and the Belt and Road Initiative is a prominent example that has kindled hope but also started to increase awareness of the long-term implications. Based on a systematic analysis of internationalization the...

Recently public concerns have been raised about the impact of emerging market multinationals. The expansion of China’s multinationals into Europe and the Belt and Road Initiative have been greeted positively in some quarters, but have also led to increasing awareness of the potential long term implications. This paper addresses opportunities and co...

Numerous Latin American multinationals have invested in Europe during recent years. This paper focusses on the expansion strategies of Latin American multinationals in Europe. It deals with Latin American multinationals from three countries and embeds the analysis of their expansion processes into the broader context of the national development tra...

With the expansion of emerging market multinationals into Europe, Western domination, open regionalism, and established standards of sustainability are being put to the test. A smart public location policy can contribute to mutually beneficial and sustainable development. We propose that a smart location policy starts with the identification and se...

Concerns have recently been publicly raised about the impact of emerging market multinationals. The expansion of China’s multinationals into Europe and the Belt and Road Initiative have been greeted positively in some quarters but have also led to increasing awareness of the potential long-term implications. This chapter serves as an introduction t...

Global investment and growth patterns have changed considerably over recent years. Multinationals from emerging markets have become substantially more important. Recently this has raised some concerns but has also engendered hope that emerging market multinationals can contribute to economic growth in Europe. In the first part of this chapter, a br...

The policy of the European Union should officially be guided by the principle of policy coherence. The promotion of stability, peace and development within and beyond the EU are central goals but these goals may conflict with one another. The dominant opinion assumes that liberal market-oriented economic policy contributes to economic and social pr...

Most introductory textbooks in the field of economics refer to an amalgam of mainstream approaches without even naming alternative paradigms. It is rare that texts expand on the neoclassical view by considering alternative Keynesian or other approaches. A modern critical political economy perspective in a Marxist tradition is usually lacking. Reaso...

History does not speak for itself; rather, a number of narratives compete to influence how we think about the past and present. This is especially applicable when it comes to social issues, since there are always a range of contrasting perspectives. Of course, within this context, the formal milestones of European integration are concrete facts. Th...

The question of the adequate method is crucial not just for the field of critical international political economy (CIPE) but for scientific practice in general. There are however different ways to deal with methods. Concrete methods, such as the empirical investigation, the application of statistical analysis and so on, do not stand alone but shoul...

Rohstoffe sind knapp und umkämpft. Ihre Verfügbarkeit prägt Entwicklungsprozesse und Lebensweisen in Nord und Süd. Ihr Preis ist heftigen Schwankungen unterworfen. In den letzten Jahren erlebten wir einen ausgeprägten Boom an den Rohstoffbörsen, auf den eine tiefe Krise folgte. Auseinandersetzungen um den Zugriff auf Rohstoffe und die Verteilung de...

Rohstoffe sind knapp und umkämpft. Ihre Verfügbarkeit prägt Entwicklungsprozesse und Lebensweisen in Nord und Süd. Ihr Preis ist heftigen Schwankungen unterworfen. In den letzten Jahren erlebten wir einen ausgeprägten Boom an den Rohstoffbörsen, auf den eine tiefe Krise folgte. Auseinandersetzungen um den Zugriff auf Rohstoffe und die Verteilung de...

http://www.mattersburgerkreis.at/site/de/publikationen/hsk/article/161.html Rohstoffe sind knapp und umkämpft. Ihre Verfügbarkeit prägt Entwicklungsprozesse und Lebensweisen in Nord und Süd. Ihr Preis ist heftigen Schwankungen unterworfen. In den letzten Jahren erlebten wir einen ausgeprägten Boom an den Rohstoffbörsen, auf den eine tiefe Krise fol...

The crisis in Europe is often discussed as a crisis of European integration or a crisis of national economies within Europe. Both the ‘methodological Europeanism’ and ‘methodological nationalism’ miss out the important links between economic and political processes at different spatial scales within Europe, and therefore, asymmetries and phenomena...

This paper deals with the question of to what extent recent developments in Latin America can be described by using the concept of neo- extractivism. Based on a regulationist perspective, different modes of development are distinguished. Comparative case studies for Brazil, Chile and Venezuela show clearly that neo-extractivism is not, in all cases...

Der vorliegende Beitrag geht der Frage nach, welche Auswirkungen Reprimarisierung und der Umgang mit ihr auf die Verfolgung von Entwicklungsstrategien haben. Überdies wird analysiert, inwieweit Strategien regionaler Integration und Kooperation vor dem Hintergrund subregionaler Asymmetrien mit der Rohstoffexportorientierung in Zusammenhang stehen bz...

Der Einbruch des Wirtschaftswachstums in Lateinamerika angesichts der Krise von 2008/2009 war vergleichsweise gering. Mithilfe eines modifizierten regulationstheoretischen Zugangs und dependenztheoretischer Überlegungen wird analysiert, warum die Krise hier nicht zu Finanzkrisen geführt hat. Die rasche Erholung und das folgende kräftige Wachstum hä...

Der Leasingbereich macht einen erheblichen Teil desFinanzsektors aus. Generell kann festgehalten werden, dass der Großteil des Leasingsektors heute direkt und zum Teil zumindest indirekt über Kreditinstitute aufsichtsrechtlich durch Basel II er-fasst wird. Dennoch wäre es wünschenswert, wenn auch die nicht erfassten Bereiche –zumindest ähnlich wie...

The article debates development models in EU core and periphery and their crisis in the light of critical Latin American theories of development. It highlights how EU integration policies, particularly in the monetary sphere, facilitated diverging development patterns and played a crucial role in establishing peripheral development models whose gro...

Johannes Jäger, Elisabeth Springler (Hg.) Ökonomie der internationalen Entwicklung. Eine kritische Einführung in die Volkswirtschaftslehre. Wien: Mandelbaum 2012, 384 Seiten, ISBN: 978-3-85476-386-4 In Zeiten der Globalisierung liegt es nahe, Ökonomie vor allem in ihrer internationalen Dimension zu betrachten. Die AutorInnen dieses Bandes zeigen...

The whole pattern of European integration is in crisis and important institutional transformations can be observed. It is argued that traditional comparative approaches, such as the Varieties of Capitalism literature, fall short in providing an adequate analytical framework to deal with the European crisis. We propose applying a theoretical framewo...

Im vorliegenden Beitrag behandeln wir drei Fallbeispiele aus Lateinamerika im Hin-blick auf die ökonomische Bedeutung von Rohstoffen : Chile, Venezuela und Brasili-en. Die Länder wurden deshalb gewählt, weil sie nicht nur einen erheblichen Anteil an Rohstoffexporten aufweisen, sondern weil sich auch durch sehr unterschiedliche Strategien im Umgang...

In the neoliberal paradigm, free cross-border capital flows are crucial for economic development. However, the liberalization of the financial sector and of cross-border capital flows has led to highly volatile financial flows and numerous financial crises. Cyclical capital inflows and capital outflows increase macroeconomic disequilibria and reduc...

This article deals with the question of how a change in the arrangement of monetary restrictions can contribute to a more stable and integrative path of economic development in South America. This question is especially significant in the context of the recent financial crisis, during which most South American countries have fared better than in th...

The current crisis confirmed that highly financialized regimes of accumulation are extremely crisis-prone. Most of the literature on financialization is focused on the economies of the centre. This paper analyses the peculiarities of financialization in the periphery, which is characterized by a high degree of extraversion and/or by considerable so...

East European states are both those hardest and least hit by the present economic and financial crisis. The heterogeneous consequences of the crisis cannot be understood by focusing exclusively on the region. On the contrary, we analyse the developments against the background of the specific insertion of the region into broader European political-e...

The current financial crisis can only be properly understood if it is viewed in an historical context and in relation to economic and political processes. The crisis originated in the rather insignificant arena of the United States subprime mortgage market in 2007, and rapidly escalated into the first major financial and then economic crisis to aff...

The EU has been severely, but unevenly affected by the current crisis. The article asks why and how European countries are affected differently by the crisis and why responses to the crisis diverge. Based on a regulationist framework, it is argued that the existence of different regimes of accumulation and their specific linkages explain those phen...

The paper provides a framework for the assessment of the transformation of global finance that goes well beyond the discussion of the current financial crisis, as it discusses the latter against the background of the structural changes in the existing global monetary regime. The main question is whether the Dollar Wall Street Regime (DWSR), having...

Within critical IPE, there is an overall consensus that the process of financial deregulation is driven by the so-called global Dollar Wall Street Regime (DWSR). Succeeding the Bretton Woods System (BWS), which orchestrated international financial and monetary relations during the post-war decades, this new regime is fundamentally different in quit...

First paragraph Lateinamerika wird nunmehr durchwegs von linken bzw. sozialliberalen Regierungen dominiert. Hugo Chávez (Venezuela), Evo Morales (Bolivien), Michelle Bachelet (Chile), Luiz Inácio Lula da Silva (Brasilien) und Tabaré Vasquez (Uruguay) sind die weit über den Kontinent hinaus bekannten Aushängeschilder. Sie gelten vielfach als Hoffnun...

Although the New Basel Capital Accord (Basel II) makes no direct reference to loan pricing and lending terms, it is widely held that Basel II does, in fact, impact on loan pricing. A survey among Austrian banks on loan pricing strategies after Basel II aimed to identify the potential effects of Basel II on loan pricing. This article summarizes and...

After decades of corporatist urban governance dominated by social democracy, Vienna is undergoing a process of economic and social restructuring. This process is expressed physically in large urban development projects, Donau City being the most important. Due to the liberlization of the housing market, new private sector actors are increasingly im...

The mechanisms, forms and effects of neo-liberal restructuring in Latin America have been frequently discussed in the past years. Nevertheless, numerous alternative developments within and to neo-liberalism are taking place. This paper provides a conceptual overview about how progressive alternative societal projects are to be understood. In so doi...

Die globalisierungskritische Bewegung ist ein äußerst interessantes und viel versprechendes Phänomen der letzten Jahre, und vor allem die Proteste gegen das Treffen der Welthandelsorganisation (WTO) in Seattle haben der Nord-Süd-Solidarität (wieder) internationale Mobilisierungskraft und Wirksamkeit verliehen. Parallel zu den Protestformen auf der...

Whilst real estate capital became a driving force in analyses of urban development, urban land rent theory has made only very limited progress during the past decade. There are a number of reasons for this - such as a weak conceptualization of the role of political agency, for example. Hence, a way out of this relative stagnation, by attempting to...

Basado en los conceptos de la segregación residencial se analizan los principales cambios en Santiago de Chile y en la Ciudad de México en las últimas décadas. Analíticamente se trata de destacar el rol de las políticas para la producción de formas específicas de la segregación. En este contexto se analiza la relación entre la transformación socioe...

To give a review of the economic, social and political transformations that took place during the past three decades in Latin America is the central aim of the article. In a first step, two fundamental modes of liberal economic strategy - the «financiarized» and the export oriented model of development - are distinguished. The implementation in dif...

Die globalisierungskritische Bewegung ist ein äußerst interessantes und viel versprechendes Phänomen der letzten Jahre. Vor allem die Proteste gegen das Treffen der Welthandelsorganisation in Seattle haben der Nord-Süd-Solidarität (wieder) internationale Mobilisierungskraft und Wirksamkeit verliehen. Parallel zu den Protestformen auf der Straße set...

Die globalisierungskritische Bewegung ist ein äußerst interessantes und viel versprechendes Phänomen der letzten Jahre. Vor allem die Proteste gegen das Treffen der Welthandelsorganisation in Seattle haben der Nord-Süd-Solidarität (wieder) internationale Mobilisierungskraft und Wirksamkeit verliehen. Parallel zu den Protestformen auf der Straße set...

After decades of corporatist urban governance dominated by social democracy, Vienna is undergoing a process of economic and political restructuring. This process is expressed physically in large urban development projects, Donau City being the most important. Donau City is a large real estate project on the left bank of the Danube, based on public-...

One cannot expect an individual or a book to change reality but only to interpret and to indicate the possible lines of action. Antonio Gramsci Die globalisierungskritische Bewegung stellt eines der interessantesten und vielversprechendsten sozialen Phänomene der letzten Jahre, wenn nicht sogar Jahrzehnte, dar. Seit den Protesten gegen die "Millenn...

Obwohl die Neuregelung der bankaufsichtlichen Eigenmittelanforderung (Basel II) selbst keine Bestimmungen zur Preis- und Konditionengestaltung enthält, wird vielerorts ein Zusammenhang zwischen Basel II und Kreditbepreisung hergestellt. Um potenzielle Auswirkungen von Basel II auf die Bepreisung von Krediten zu eruieren, wurden in einer Studie öste...

In this paper, we try to link French theory of regulation and political ecology for the purposes of studying urban political ecology. Political ecology has recently focussed upon the study of ecological distribution conflicts, thereby mainly analyzing North-South issues. A problem of this strand of work, however, relates to the absence of a theory...

Die US Subprime Krise zieht ihre Kreise immer weiter. Bisherige Auswirkungen der Krise auf Europa werden in den Massenmedien zum Teil alarmistisch dargestellt. In der Tat hat es einen gewissen Neuigkeitswert, wenn sich Banken in Europa nicht mehr vertrauen, entsprechend die kurzfristigen Zinsen am Geldmarkt markant an-steigen und die EZ. B. zusätzl...