The Informal Economy as a Site of Liquidity: Pakistan's Land Market

Based on extensive fieldwork, this article examines new informality in Pakistan's land market by which vacant plots of land are transacted informally between market actors in rapidly reversed short‐term holdings. The analysis pivots around the changing economic environment in Pakistan with the shift from heavy regulation of money and controlled pricing, to the liberalization of money and markets. The author explores how liquidity is taken up as a microeconomic strategy to protect against new financial risk in this environment, and how this is played out as a preference for informal transactions. These practices inform a case study that contributes to the established literature on the links between globalization and the informal economy by articulating a driver of growing informal transactions that is novel to the literature.     

The Impact of Global Economic Crisis on Remittances in the Commonwealth of Independent States

Two European geographers and an economist analyze the impact of the 2008-2009 global economic recession on remittances in the Commonwealth of Independent States. Drawing on balance-of-payments data as well as information on money transfers to and from the region, they detail the annual growth of remittances since 2001, illustrating the growing importance of this income stream to a number of countries in the region. Using quarterly data, they then provide details of the impact of the financial crisis on remittances starting with the 2007 credit crunch and intensifying with the collapse of global markets in 2008. Based on the impact of the 1998 Russian Crisis, they suggest that by 2012, remittances to the region could fall to only one-third the 2008 level, and that a return to pre-crisis levels of remittances could take almost a decade. Journal of Economic Literature, Classification Numbers: F220, F240, J610, O180. 4 figures, 6 tables, 47 references.     

对现代性的否定与自我否定－－读贡德·费兰克的《白银资本》

《白银资本》是一部对现代性的彻底的反叛之作 ,它力图以泛化的世界体系来对抗欧洲中心论 ,否定现代性 ,但这一激进的理论设想并未能实现 ,而是在世界体系的框架、中国中心论 ,以及世界体系中心的转移等三个基本问题上 ,都暴露出理论的贫乏 ,最终走向了理论的自我否定     

The Iranian Economy in the Twentieth Century: A Global Perspective

This paper examines the transformation of the Iranian economy through the twentieth century within a global context. At the start of that century, the Iranian economy had long remained stagnant, poor, and largely agrarian, with a marginal role in the world economy. By the turn of the twenty-first century, Iran had transformed into a complex and relatively large economy with important consequences for the economies of the Middle East and other parts of the world. While the initial conditions and the evolution of domestic institutions and resources played major roles in the pace and nature of that transformation, relations with the rest of the world had crucial influences as well. This paper focuses on the latter forces, while taking account of their interactions with domestic factors in shaping the particular form of economic development in Iran. We study the ways in which the development of the Iranian economy has been affected by international price movements and by the ebbs and flows of trade, investment, and economic growth in the rest of the world. In considering these effects, we also analyze the role of domestic political economy factors and policies in enhancing or hindering the ability of domestic producers to respond to external challenges and opportunities.     

The District and the Global Economy: Exportation Versus Foreign Location

We depict an industrial district as a center of innovation where positive local spillovers sustain the endogenous invention of new goods by profit-seeking firms. After invention, firms face a crucial choice between reaching distant markets by export or plant delocation. Attempts by firms to circumvent trade barriers through delocation slow down the pace of innovation and harm the welfare of the district.     

Regional Labor Market Dynamics, Housing, and Migration

Abstract.  This study explores the impact of plant‐level labor market dynamics and housing markets on gross migration flows. The internal and the external reorganizations of regional labor markets are shown to be related. An increase in internal turnover of jobs and workers in regional labor markets is found to increase net‐migration. This effect arises mainly from a reduction in out‐migration. Housing markets constitute constraints for migration. In particular, an increase in regional housing prices and a large share of owner‐occupancy housing discourages net‐migration to a region by reducing in‐migration. In contrast, the out‐migration rate remains largely unaffected by housing markets.     

Globalizing China: The Rise of Mainland Firms in the Global Economy

Two economic geographers survey the changing trends of China's outward foreign direct investment. Based on materials derived from original field work as well as published studies, they shed light on the major mechanisms through which mainland China's leading firms have successfully ventured abroad, as evidenced by proposed or realized acquisitions of significant corporate entities in the United States, Africa, Europe, and elsewhere in Asia. The authors argue for a political-economy approach to understanding "globalizing China," a complex phenomenon whereby the Chinese state is strategically and intricately enmeshed with the corporate interests of its leading business firms. Journal of Economic Literature, Classification Numbers: F23, L21, L22, M16. 3 figures, 3 tables, 128 references.     

Transnational Migration and the Economy of Funerals: Changing Practices in Ghana

Migrants are increasingly leading transnational lives, impacting the institutions that shape local economies both in their place of residence and in their home communities. One example of this is the institution of funerals in developing countries. Funerals are becoming multi‐sited events as migrants from developing countries play important roles in the organization, financing and practice of funeral ceremonies in their home countries. Funerals thus give rise to flows of money, goods and people across national borders, ultimately affecting different economies around the world. This article uses a multi‐sited research design to follow the flows associated with a funeral held in a village in the Ashanti Region of Ghana. Detailed data were collected simultaneously in four locations involved in the funeral, and a multiplier analysis was used to trace funeral spending in different locations and sectors. The analysis shows that funeral spending supports various economic sectors in Ghana and across the globe, reinforcing the nature of funerals as (partly) economic events, which should be included in economic analyses of remittances and migration. Funeral practices are modified in various ways to accommodate transnational elements. At the same time, funerals continue to act, even in a transnational context, as occasions for reaffirming ties and a sense of belonging; they form a way for home communities, both rural and urban, to keep migrants interested in them.     

Trading Places: Competitive Cities in the Global Economy

This paper reports the findings of an ESRC funded study of innovation in five European cities. It is argued that the contemporary emphasis on local production clusters as the basis of economic growth provides only a limited explanation, in certain types of cities, of what drives growth. The argument developed here is that export base theory should be revisited as a more likely explanation of virtuous circles of growth. The evidence presented suggests that such circles are composed of innovation and trade in the context of the types of externalities found in core metropolitan international gateway cities.     

周期理论与长时段--也谈《白银资本》

由安德烈·贡德·弗兰克 (AndreG Frank)所著的《白银资本》引起了国内学者的高度关注 ,不少学者曾围绕该书展开过集中探讨和争鸣。眼下围绕《白银资本》的争论似乎已经告一段落 ,本文打算就《白银资本》一书所论及的几个具体问题 ,再谈一点自己的看法和感想。周期理论和长时段在《白银资本》一书中 ,弗兰克反复强调他使用的是进行横向整合的整体主义研究方法 ,即从全球视野的角度出发 ,把个别地区的历史发展放置到全球历史的大背景中进行考察 ,从全球层面把发生在世界各地的事件和进程联系起来。实际上 ,除了这种空间上的横向综合之外 ,…