Setting the rules: private power,political underpinnings,and legitimacy in global monetary and financial governance

The role of private market agents in global monetary and financial governance has increased as globalization has proceeded. This shift in both markets and patterns of governance has often been encouraged by states themselves in pursuit of liberalization policies. Much of the literature views these developments in a positive light, yet there are other aspects of these developments that also merit attention. This article supports its central propositions with two cases of emerging global financial governance processes: the Basel II capital adequacy standards for international banking supervision and the International Organization of Securities Commissions‐based transnational regulatory processes underpinning the functioning of cross‐border securities markets. Based on the case findings, the article argues first that private sector self‐regulation and/or public‐private partnership in governance processes can leave public authorities vulnerable to dependence on the information and expertise provided by private agents in a fast‐moving market environment. Policy in the vital domain of financial regulation has been increasingly aligned to private sector preferences to a degree that should raise fears of bureaucratic capture. Second, the article contends that the overall outcome in terms of global financial system efficiency and stability has been mixed, bringing a range of important benefits but also instability and crisis for many societies to a degree that has led to challenges to global governance itself. The case material indicates that the input, output and accountability phases of legitimacy in global monetary and financial governance are highly problematic, and much of the problem relates to the way in which private market agents are integrated into the decision‐making process. Third, the article posits that a better consideration of these three ‘phases’ of legitimacy and their interrelationships is likely to enhance the political underpinnings and legitimacy of global financial and monetary order.     

China,the international criminal court,and global governance

ABSTRACT

This article explores the Chinese policies towards the International Criminal Court (ICC) in the context of global governance. Despite China’s fast-growing foreign policy competence, the level of confidence held by China in engaging with global governance systems has not yet fully transmitted to the legal institutions governing human rights issues, and the ICC is such an example. This article examines specific policy concerns of China regarding the ICC in light of China’s engagement with global governance, and some of the traditional concerns that have had an impact on that engagement. It discusses the extent to which these concerns should still be regarded as policy barriers preventing China’s full accession to the ICC in years to come.     

Gender and Environmental Justice in Louisiana: Blurring the boundaries of public and private spheres

Many scholars have examined the implications and effects of a putative dichotomy between public-as-masculine and private-as-feminine spheres on community activism, and suggest that women's community activism blurs this ideological divide in numerous ways. This article draws on a case study of a siting conflict in St. James Parish, Louisiana, to examine how, in the process of blurring boundaries between gendered spheres of interest and activity, predominantly women environmental justice activists contended with differently gendered contexts. Concepts of performance and performativity shed light on how gendered hierarchies of public and private sphere activism both constrained and enabled the protest group's political practice.     

Harnessing the hijab: the emergence of the Muslim Female Footballer through international sport governance

The Federation Internationale de Football Association (FIFA), the International Olympic Committee (IOC), and other international sport governing bodies have recently been involved in contestations concerning the allowance of the hijab in sport. This article interrogates how these institutions participate in the regulation of Muslim women, and the relationship that these actions have with colonial and imperial constitutions of race. Drawing on critical race feminist theorizing, this article argues that the regulation of women who wear the hijab is a technology of power that frames these sport governance bodies as benevolent actors operating within the ‘best interests’ of female footballers. This hijab that has become a cause of concern in sport is hegemonically understood through Western colonialisms and racial grammars that have historically constituted the figure of ‘The Muslim Woman’ as in need of protection. The recent contestations represent a new moment in a global field, however, as notions of ‘freedom’ and ‘equal rights’ are being invoked to now allow the hijab, albeit under conditions that insidiously reinscribe white patriarchal authority.     

Knowledge nodes and international networks of connection: representations of private philanthropy by elite higher education institutions

This paper investigates the social and cultural geographies of large-scale individual giving in supporting the work of ‘elite’ international universities. With public funding of higher education in general decline, universities in countries of the global North are increasingly seeking funding from alternative sources, including private philanthropy. Although scholarly work has examined corporate and foundational giving to Higher Education Institutions (HEIs), there has been little enquiry into how donations from wealthy individuals are represented by universities in their official literature. Publications such as annual reports, giving reports and campaign reports are used strategically by HEIs to project a global image. We examine the official literature of 50 elite HEIs located across the globe, uncovering new discourses into the cross-cultural reach of universities. We draw attention to complex social and cultural relations between HEIs and philanthropists, describing their encounters with reference to debates on personal mobilities, world-making and global and social inequalities. We conclude by highlighting the implications for theoretical work on ‘strategic philanthropy’ and on the transformative nature of HEIs as global centres of knowledge.     

Environmental adjustment and private economic strategies in reindeer pastoralism: Combining game theory with participatory action research

The aim of this article is to suggest a research approach to be used in studies of common‐pool resource problems and the deterioration of reindeer pasture. A frequent strategy in such studies is game theory based on rational choice assumptions. This approach has been criticised, for instance, for the neglect of local knowledge concerning cultural preconditions and for the political implications damaging Saami reindeer‐ecology. Our contention is that such problems can be handled by combining game theory with participatory action research when studying the subject above.     

The use of regulation and governance theories in research on post-socialism: the adaptation of enterprises in Vyborg1

This article deals with developments since the collapse of socialism in Vyborg, the former Finnish city transferred to the Soviet Union's north–west frontier in 1944. It assesses how enterprises founded during the socialist era, their heirs, and new Russian and foreign firms, have coped with economic change and adjusted to the new economic system. It also explains the evolution of hybrid forms of activity on the enterprise level and their impact on the development of Vyborg as a local economy. This paper shows that the traditions of socialism embodied in many enterprises' adaptation strategies have helped the public sector in financial crisis because enterprises have continued the socialist traditions to take care of fractions of public infrastructure.     

Containment and territorial transnational actors: Israel,Hezbollah and Hamas

Containment has been salient in intellectual and policy debates for 60 years. It informed US foreign policy towards the USSR and, later, the so‐called rogue states. The endurance of containment beyond the Cold War suggests that it possesses the quality of transferability, the capacity of a grand strategy from the past to transcend the circumstances that gave rise to it, to suggest what should be emulated and what avoided in future policies. Drawing on the notion of transferability and on the method of structured, focused comparison, this article uses Israel's foreign policy towards Hezbollah and Hamas to argue that containment is transferable from the state level to a state/territorial transnational actor (TNA) relationship, albeit with permutations. This argument is examined in relation to four issues: the circumstances under which containment arises; its applicability to territorial TNA; the objectives sought by implementing containment; and the role of legitimacy as a component of containment. In so doing the article seeks to make a contribution to the debate on containment. While there is a rich literature on state containment, research on containing territorial TNA has been extremely limited.     

Environmental governance in China: The effects of policy clarity,career concerns,and new appointed officials on pollution control

In the last three decades, China has taken actions to tackle its environmental issues while the tension between policymakers at the central level and decentralized implementation of such policies has been a major concern. This study investigates how policy clarity and high powered incentive system jointly affect organizational performance in the context of environmental governance in China. Utilizing city-level data compiled with text data extracted from Report on the Work of the Government from 2004 to 2015 and Difference in Differences (DID) design, we find that the compliance of local officials to protect the environment as well as the actual environmental protection outcome significantly increased. Our study also finds evidence that newly-appointed Party Secretaries at the city level are the main facilitators of enhancing environmental regulation policies. This research proposes a two by two typology based on the principal-agent theory explaining how successful environmental governance within this period in China is realized and offers practical implications for those who seek to enhance the effectiveness of environmental governance.     

A discussion of magic and medicines in East African iron working: actors and artefacts in technology

Through an inquiry into locally constructed, pre‐industrial Tanzanian iron smelting practices this article looks beyond social representation of technologies and suggests a more nuanced perspective than the more familiar rituals of transformation and gendered procreative paradigm. It is demonstrated that among the Pangwa and Fipa peoples iron smelting symbolism was not merely a social representation of “something” else and of something of greater significance such as religion, economy and politics, rather there were no real distinctions between technology and other spheres of life; there was no (ontological) difference between humans and non humans. Drawing on inspiration from phenomenology and semantics, as well as Actor Network Theory, I will argue that among Fipa and Pangwa iron workers the use of magic and medicines, as well as an overall thermodynamic conception of the body, was transferred from personal and collective lived experience by metaphorical imagination to the iron smelting furnaces.     

Ambivalent solidarities: Food governance reconfigurations in Croatia and Italy

The authors compare the solidarity practices of farmers and food activists in Croatia and Italy in order to highlight the unintended consequences of mutual support initiatives and how these may reinforce disengagement from governance. Two ethnographic case studies from Istria (Croatia) and Lombardy (northern Italy) show self-reliant ways of organizing mutual support networks among, respectively, Istrian winemakers and Lombard Solidarity Purchase Groups. They both challenge the top-down regulatory governance of food systems, with the former organizing forms of economic and logistic mutual support to bypass strictures and faults of the Croatian fiscal and agricultural aid system and the latter self-certifying organic crops to avoid the costs and arbitrariness of bureaucratic procedures for organic certification. Both highlight the discourse and practice of morality in food procurement and the ambivalence of the concept and practice of ‘solidarity’.     

Cold and wet: The case for circumpolar maritime archaeology

William Fitzhugh, ed. Prehistoric Maritime Adaptations of the Circumpolar Zone. The Hague and Paris: Mouton Publishers, 1975. Distributed in North America by Aldine Publishing Company, x + 405 pp. Tables, figures, maps, references, and indices. $29.50.     

War veterans as transnational actors: politics,alliances and networks in the interwar period

Historians have often considered the international veterans’ organizations which came into being after World War I as proof of the pacifist, internationalist orientation of the majority of the Great War ex-combatants. However, veterans active in these organizations were often inspired by specifically national and partisan objectives that belie any simplistic equation between altruistic transnational activism, international cooperation and pacifism. Conceiving of war veterans as transnational actors, this article explores the origins and decline of the veterans’ transnational sphere in the interwar period. It singles out four shades of competing veterans’ internationalism and describes the crucial differences that separated actors such as Henri Barbusse, René Cassin, Henri Pichot and Carlo Delcroix, among others. The article argues that both the veterans’ organizations and their protagonists, while reaching out across national borders, remained embedded in specific constellations of personal trajectories, political partisanship, nation-state interests and inter-state alliances. Their political and social activities also tried to reshape, and were subjected to, existing or emerging spatial configurations such as Great Power alliances and wider internationalist projects. Thus, the article shows that there was no homogeneous transnational sphere in international veteran politics; it was rather the competition between different internationalist practices and projects which shaped veterans’ transnational activities.     

Contest and conquest: Russia and global internet governance

For more than a decade, Russia's foreign policy has sought to challenge the international consensus on a number of issues. Today, as the international internet ecosystem is becoming more volatile, Moscow is eager to shift the western narrative over the current global internet governance regime, in which the United States retains considerable leverage. In a context wherein states increasingly forge links between cyberspace and foreign policy, this article explores Russia's deepening involvement in internet governance. The disclosure by Edward Snowden of the US government's wide net of online surveillance contributed to legitimize the Russian approach to controlling online activity. While the struggle around the narrative of internet governance has been heating up since then, Russia actively seeks to coordinate internet governance and cyber security policies with like‐minded states in both regional forums and the United Nations. By introducing security concerns and advocating more hierarchy and a greater role for governments, Moscow is contributing to the politicization of global cyber issues and seeking to reshape the network in accordance with its own domestic political interests. Indeed, the Russian leadership has come to consider the foreign policy of the internet as the establishment of a new US‐led hegemonic framework that Washington would use to subvert other sovereign states with its own world views and values.