The New Development Bank and the Asian Infrastructure Investment Bank: China's Ambiguous Approach to Global Financial Governance

The creation of the New Development Bank (NDB) and the Asian Infrastructure Investment Bank (AIIB) has generated a great deal of attention and controversy in the development community and beyond. Do these banks indicate that China is promoting a new model of multilateral development finance that undermines the existing system dating back to Bretton Woods? What are the forces shaping China's policy choices in this area? In contrast to the prevailing tendency to view these banks as part and parcel of the same challenge or opportunity for multilateral development financing, this article highlights major distinctions between the NDB and the AIIB. The fact that China is playing a prominent role in both the NDB and the AIIB suggests that China is not promoting a coherent new model of multilateral development financing, but is instead straddling different traditions in this realm of global financial governance. The ambiguity in China's approach to multilateral development finance is shaped by its multiple identities and complex economic and political interests.     

Local Policy Responses to Globalization: Place-Based Ownership Models of Economic Enterprise

The destabilizing forces wrought by economic globalization increasingly buffet local communities throughout America. This article explores a local policy strategy for coping with the effects of these forces and restoring some degree of stability to local economies. This strategy entails the creation of place-based ownership models of economic enterprise. With ownership and control held in a more collective or community-oriented fashion, such enterprises tend to anchor or root investment more securely in communities, providing a counterforce to globalization. We present and critically assess six place-based ownership models while providing illustrative examples to demonstrate how each model can work in practice.     

Growing Global: Foreign Direct Investment and the Internationalization of Local Suppliers in Scotland

The paper examines how the localization of multinationals can be linked to the globalization of local business networks, particularly whether domestic linkages with foreign subsidiaries can facilitate the internationalization of local suppliers. Detailed interviews were held with 16 suppliers and 8 foreign investors in both the Scottish oil-gas and electronics industries. The results highlight the importance to suppliers of 'piggy-backing' multinationals into new markets, but show its greater significance in the oil-gas industry. The paper concludes that piggy-backing is dependent on the strength and value of domestic links between suppliers and subsidiaries. Industry-specific factors determine the intensity of these linkages. The implications for such developments are being absorbed by planning and economic development policy-makers at regional and national levels, as supplier and investor development is increasingly being placed within a wider policy framework of cluster development.     

Local Land Use Plans and the Implementation of New Urban Development

This article, based on case studies of plan 'construction' in the 1980s for large scale residential development near Bristol, England and in Poitiers, France, argues that the form and content of these local land use plans were the product of the coordinative planning strategy adopted. This strategy embodied assumptions about implementation and established relationships between development interests and the plan 'constructors' during the process of plan preparation. These relationships in turn were a consequence of the contrasting powers and resources available to local government to ensure the implementation of local land use plans.     

'Going Local in a Global World': Locating the Public and Evaluating the Synchronic Context in Archaeological Resource Management

Abstract

Locating, and effectively engaging with, the public is part of the discussions that have taken place in the last two decades of archaeological resource management, within the context of changing post-colonial, 'ethically correct', democratic and indigenous-orientated perceptions. This article briefly reviews this wide area of thinking, examining an alternative methodology for locating and engaging with the public based on the notion of 'local', before presenting some results from the island communities of the Aegean.     

Scaling the City: The Political Economy of 'Glocal' Development - Brussels' Conundrum

In this contribution, the new position of the city in the urban political economy will be considered in the context of the shifting realities that characterize an increasingly hybridizing and cosmopolitan global (dis)order. We shall argue that globalization is paralleled by a restructuring of the city and with an increasing importance of the urban in a context of intensifying inter-urban competition. The success of cities is dependent on their local 'embeddedness' in institutional and other networks of power. Attention will be paid to the role of local elites and to the need to forge 'growth coalitions'. We shall conclude that the formation of an inclusive and cohesive growth coalition is a key condition for the future development of Brussels in a context of intense inter-urban competition. However, this poses a host of political problems. Not in the least, the fact the new 'glocal' elites often refuse to partake in local institutional or political networks. The commitment to place that invariably comes with a greater 'local' institutional embedding which may militate against their global strategies and aspirations. The key question for 'local' politics then becomes one of how to forge networks and linkages that force 'glocal' elites to become inserted actively in the regional armatures of governance.     

The Competitive Position of the Basque Aeroespatial Cluster in Global Value Chains: A Historical Analysis

In this paper, based on the case study of the aerospace cluster of the Basque Country (Spain), we aimed at analysing how local industries develop a new specialization, that is, how a cluster emerges, and how it evolves over time. For that purpose, apart from considering local factors (both forces that are internal to the cluster and to the territory), we explicitly consider the role of institutional and technological changes, and how they affect industry structure and governance patterns of global value chains (GVCs). We observe that global-scale regulations (deregulation and competition policy) and technological change, together with local factors such as the existence of anchor firms, local policies, related variety and social capital at regional and cluster levels played a significant role in the emergence of the cluster and how it became inserted in the GVCs. Later on, the development of suppliers' capabilities also had a relevant role in the evolution of the governance patterns of GVCs.     

Economic Policies and Local Development: Some Reflections

Every national system is also a sum of all its regional economies. Then, there are economically differentiated regions within nations. If the foregoing is true, a crucial problem for economic policy is determining which policies should be pursued at the national level (national policies), and on what grounds, and which should instead be developed at the local, regional level (local policies). What policies influence the development and competitiveness of regional economies? This article tries to discuss these issues.The first causal relation to examine is that between national economic policies and the competitiveness of a country's regions. The picture grows even more complex if we consider that there are national policies which have explicitly geographical objectives. Then, why not count on national policies, even locally differentiated ones? Having answered this question this paper addresses the opposite issue: why should we not view the entirety, or at least the largest part, of national economic policy--and development policies in particular--as simply the sum of local economic policies? How can one distinguish between the local effects of national economic policies and those of local development policies? A further problem is providing a satisfactory definition of regions (i.e. the areas in which policies are to be implemented) and of their boundaries.     

Flexible urban governance. The case of Copenhagen's recent waterfront development

In this paper, the most recent wave of Copenhagen's waterfront development is analyzed and interpreted in the context of broader economic tendencies and political strategies. Recent events illuminate relationships among politicians, bureaucrats and capital to regulate an accumulation process that is highly intertwined with international, national as well as urban interests. Beginning in the late 1980s, the national state, the local state and the port authority, undertook a number of planning and policy initiatives to create a process for transforming Copenhagen's waterfront. When contradictions from the logic of profit maximization became apparent and threatened to de‐rail long term economic growth, a new ad hoc and ‘flexible’ process of urban governance was established to get development back on track. Senior politicians created a so‐called ‘Vision Group’ that functioned as a ‘meta‐steering’ committee providing direction to local development by identifying a development approach that attempted to resolve, at least temporarily, tensions among global market tendencies and the interests of the main actors. In this way, the Vision Group achieved its political purpose to create a shared vision and a discourse for the development of the waterfront. The new strategy was effective at various scales of governance, but circumvented local planning practices.     

Understanding Local Leadership in Building the Capacity of Rural Communities in Australia

Current approaches to rural community development in Australia provide for limited government intervention. Such intervention is usually housed within programmes that seek to build the internal capacity of communities to achieve long term socio‐economic sustainability. A fundamental implementation strategy for capacity building has been developing local leadership. The underlying assumption of this approach is that good leadership will result in existing resources being mobilised for a more sustainable function and new resources attracted. What though is good leadership in terms of building the capacity of rural communities to develop sustainable socio‐economic futures? This paper compares the conceptualisation of leadership within rural development policies and leadership training programmes with the nature of local leadership as it exists in on‐ground community building projects. From an in‐depth review of the role and nature of local leadership within six Australian rural communities it was found that local leadership could result in improved adaptive capacity if the leadership is similar in nature to Burn's (1978 ) transformational model of leadership. Within policy, local leadership was most often conceptualised as being similar to this transformational model. However, rural leadership training programmes tended to conceptualise leadership as a top‐down process, similar to Burn's (1978 ) transactional model. While this study of leadership within rural communities revealed that transactional skills, as taught in leadership training programmes, were important for successful project management, such skills did not necessarily result in improved community adaptive capacity. It is suggested that, while transactional leadership can have an important role in influencing the development of rural communities, greater attention needs to be given to developing strategies to support transformational leadership.     

The Right to the City and Critical Reflections on China's Property Rights Activism

Wholesale clearance and eviction that typify China's urban development have often resulted in discontents among urban residents, giving rise to what critics refer to as property rights activism. This paper is an attempt to critically revisit the existing debates on the property rights activism in China. The paper refers to the perspective of the “right to the city” to examine whose rights count in China's urban development contexts and proposes a cross‐class alliance that engages both migrants and local citizens. The alliance itself will have substantial political implications, overcoming the limited level of rights awareness that mainly rests on distributional justice in China. The discussions are supported by an analysis of empirical data from the author's field research in Guangzhou, which examines how local and non‐local (migrant) residents view nail‐households resisting demolition and forced eviction.     

Social Concertation and Local Development: The Case of Industrial Districts

It is often believed that industrial districts result from an entirely spontaneous process of economic development. On the basis of in-depth study of several Italian industrial districts, in this paper it is argued that the competitiveness and the dynamism of industrial districts' firms are dependent from social integration. Social integration, however, is usually the result of a conscious co-ordination among the local institutions: i.e. the 'high road' to competitiveness is not the outcome of market mechanism, but of a combination of market and concerted collective action among the representatives of the principal district categories and the local establishment.     

Paths of an Evolving City: Alternatives and Relevance in Local Policy

This paper builds on some previous results concerning: (1) a view of the industrial district as a learning region, and (2) a typology of features of local development and industrial policies. The aim here is to apply these results to a 'non-district' case study, that is the understanding of the inner logic of the economy and the framing of the local economic policy in an Italian dynamic city (Florence, and its urban system). The interest of such case is two-fold. Firstly, we see how the conceptual framework developed for the analysis of industrial districts can be applied, at least partially, to different types of local systems, and in particular to the important case of complex and dynamic urban systems. Secondly, the complexity itself makes easier, or not avoidable, the consideration of a trade-off in the inputs of local policy's relevance.     

Cultural Hybridity,Magical Realism,and the Language of Magic in Paulo Coelho's The Alchemist

Sister Francisca de la Concepción (Mother Castillo), a Neogranadine nun, articulated multiple, powerful discourses in her works Mi vida and Afectos espirituales. In what I call a "hegemonic confessional discourse," visible throughout her mystical works, the Spanish-American colonial nun affirmed the Iberian colonization and Catholic evangelization of the New Kingdom of Granada by accepting and supporting the Spanish's violent and discriminatory hegemony.

I will defend the aforementioned thesis by analyzing Mi vida and Afectos espirituales, using the construction of Otherness and an explanation of various mystical processes, and by scrutinizing Mother Castillo's social, economic, political, and religious views, as well as her Catholic orthodox, white, traditional perspective.     

Higher Education Excellence and Local Economic Development: The Case of the Entrepreneurial University of Twente

By tradition or intellectual necessity, universities pursue a main objective: increasing and transferring knowledge that is internationally relevant for the whole of mankind. But new powerful socio-economic forces are demanding universities to be engaged in regional economic development and their knowledge to be relevant in terms of local employment, university spin-offs and growth. These two objectives are traditionally considered as not complementary or even mutually exclusive. Through a case study regarding the Dutch University of Twente, this article shows that local economic relevance and international excellence are not incompatible objectives: they were not at the University of Twente; they can be reached even in a new born and poor endowed university, located in a peripheral, depressed and not industrialized countryside. This article argues that a strong entrepreneurial vision and the adoption of a different concept of knowledge may be the key for other small and peripheral European universities, in order to reach both local economic relevance and international excellence. The article will contribute and enrich the regional studies debate, introducing to it some higher education policy issues and ideas.     

La rivière Romaine en chantier : Transformations contemporaines des territorialités des Innus d'Ekuanitshit

Since 2009, Innu members of the community of Ekuanitshit have faced a major hydroelectric project on the Romaine River, an integral part of the Nitassinan, their ancestral territory. In this paper, we study the project's impacts on the material and ideational relationship the Innu have with the river. We explore the idea that the project transforms the traditional relationship to territory into a more pragmatic one, marked by economic and political interests. Our analysis reveals that the Innu's territorialities, though partly transformed by increased contact—and sometimes conflict—with hegemonic non‐indigenous society, remain anchored in a strong cultural heritage and a deep identification with territory. We argue that these seemingly differentiated conceptualizations, of traditions on the one hand and development on the other, are not incompatible. These conceptualizations comprise dynamic cultural, social, and political territorialities which are thus internal and external, ancestral and contemporary.     

Externalities,Learning and Governance: New Perspectives on Local Economic Development

In spite of growing mobility of production and production factors, economic development is increasingly localized in economic agglomerations. This article reviews three partially overlapping perspectives on local economic development, which derive from three factors intensifying the localized nature of economic development: externalities, learning and governance. Externalities play a central role in the new geographical economics of Krugman and in new economic geography of clusters and industrial districts. The dynamics of local economic development are increasingly associated with evolutionary economic thinking in general and with collective learning in particular. Inter‐firm and extra‐firm organization has experienced considerable innovation in the last few decades. New institutional devices are based on the notions of commodity chain, cluster and milieu. These innovations introduce new issues of economic governance both at the level of industry and of territory.     

Localization in Sardinia and Its Obstacles: A Reply to Hospers' “Localization in Europe's Periphery: Tourism Development in Sardinia”

In this reply to Hospers' “Localization in Europe's Periphery: Tourism Development in Sardinia” by Gert-Jan Hospers (2003), we argue that the author's advocacy of localized economic policies as a viable means to the economic development of Sardinia does not take into account current institutional assets that prevent Sardinia from pursuing localized interests effectively. We first discuss the historical background of these institutional assets, highlighting that a top-down approach to decision-making has characterized relations between Sardinia and the central state for most of the modern era. We then discuss the institutional and economic impediments to Sardinian attempts to pursue localized policies in light of recent institutional conflicts between region and central state. Our conclusion is that the localization of economic strategies necessitates entwined localization of decision-making powers in order to be effective.     

Rethinking Territory

Abstract: Territory is the quintessential state space and appears to be of growing political importance. It is also a key concept in geography, but it has not been subject to as much critical attention as related geographical terms and remains under‐theorised. Taking my cue from Timothy Mitchell's suggestion that the state should be understood as the effect of social practices, I argue that the phenomenon that we call territory is not an irreducible foundation of state power, let alone the expression of a biological imperative. Instead, territory too must be interpreted principally as an effect. This “territory‐effect” can best be understood as the outcome of networked socio‐technical practices. Thus, far from refuting or falsifying network theories of spatiality, the current resurgence of territory can be seen as itself a product of relational networks. Drawing on an empirical case study of the monitoring of regional economic performance through the measurement of gross value added (GVA), I show that “territory” and “network” are not, as is often assumed, incommensurable and rival principles of spatial organisation, but are intimately connected.