Local labour markets and socio-economic change: evidence from Danish towns, 2008–2013

The recent financial and economic crisis had substantial but spatially differentiated impacts on growth. However, there is still a lot left to be understood about the local aspects of the crisis. One of these aspects is its socio-economic consequences. This paper investigates local socio-economic change to Danish towns from 2008 to 2013, with a focus on the impact of local labour market (LLM) structures on change. Socio-economic change in towns is measured both directly as mean income and employment growth, and indirectly as population and human capital growth. The paper relies on micro-data and uses robust regression to generate results. Several findings are presented, but the two main conclusions are: first, the LLM structures of towns still influence local socio-economic development; and, second, towns experience better socio-economic development if they are in close proximity to a larger labour market and/or have a large ratio of commuters in the working population.     

Burst of the property bubble and Hong Kong’s changing land and housing policies post-1997

Momentous events have characterized the Hong Kong Special Administrative Region since its founding in 1997. Among these were drastic and repeated changes in housing and policies, shifting from one emphasizing the role of the state to one purportedly relying primarily on market forces, and then back to a more proactive stance of the state. Associated with these changes were roller-coaster movements in residential prices and housing completions. These developments took place in the context of phenomenal upheavals within and beyond Hong Kong: the Asian financial crisis and the burst of Hong Kong’s property bubble; the contestation of Hong Kong’s autonomy under “one country, two systems”; and the flooding of “hot money” consequent upon repeated rounds of quantitative easing by the Federal Reserve of the United States to counteract the global financial crisis of 2007–2008 and the Great Recession that followed.     

Environment and collapse: Eastern Anatolian obsidians at Urkesh (Tell Mozan,Syria) and the third-millennium Mesopotamian urban crisis

The Early to Middle Bronze Age transition in Northern Mesopotamia has received great attention for the apparent concurrence of aridification, deurbanisation, and the end of the Akkadian empire around 2200 BCE. Our understanding of the “crisis” has been almost exclusively shaped by ceramics, demography, and subsistence. Exchange and the associated social networks have been largely neglected. Here we report our sourcing results for 97 obsidian artefacts from Urkesh, a large urban settlement inhabited throughout the crisis. Before the crisis, six obsidian sources located in Eastern Anatolia are represented among the artefacts. Such a diversity of Eastern Anatolian obsidians at one site is hitherto unknown in Mesopotamia. It implies Urkesh was a cosmopolitan city with diverse visitors or visitors with diverse itineraries. During this crisis, however, obsidians came from only two of the closest sources. Two to three centuries passed before varied obsidians reappeared. Even when an obsidian source reappears, the raw material seems to have come from a different collection spot. We discuss the likely exchange mechanisms and related social networks responsible for the arrival of obsidians at Urkesh and how they might have changed in response to climatic perturbations and regional government collapse.     

计划生育一维护中华民族安全的无形长城

中国一直成为人口超级大国是源于所处的地理环境和自身的文化。中国历代兴衰与人口数量有特定关系,众多人口形成坚固的维护本民族安全的“人口长城”。人口增加到一定程度又会引发动荡造成周期性危机。认为计划生育是当今维护中华民族安全的无形长城。     

张择端《清明上河图》卷新探

本文根据历史文献和相关文物考订,指出《清明上河图》卷中表现了党争事件的后果,画中所表现的女性盘福龙发式和短褙服饰等,时间指向皆为徽宗朝崇宁至大观年间(1102-1110)。作者用模拟航拍制图方式"俯瞰"画中的城市结构,发现无法对应宋代汴京地图,确定此图所绘并非北宋汴京实景。张择端概括提炼了汴京城内外一部分代表性景致,是汴京实情而非实景。作者结合当时的政治、军事和文化背景,解开画中诸多图像的历史密码,特别是画家在展现清明期间商贸繁华的汴京城时,出乎常情地表现了惊马闯市、船桥险情、官员争道、军力懈怠、城防涣散、消防缺失、商贸侵街、党祸渎文、酒患成灾等街头弊端,呈现出北宋末年沉重的社会危机,暗含着画家对社会的隐忧。     

De Bow’s Revolution: The Memory of the American Revolution in the Politics of the Sectional Crisis, 1850–1861

In January 1861 editor James D.B. De Bow advocated the secession of southern states from the union as he proclaimed to his readers that white Southerners “are mainly the descendants of those who fought the battles of the Revolution, and who understand and appreciate the nature and inestimable value of the liberty which it brought.” While editors on both sides of the Sectional Crisis over slavery in the 1850s and 60s claimed to be “custodians of the legacy of 1776” as they used the American Revolution symbolically in their rhetoric. By focusing on De Bow’s Review, a widely read and influential journal during this fight, we can gain a better understanding of the specific terms by which Southerners were encouraged to think of themselves not as rebels but as guardians of “the true American character.”     

China's Economic Policy Today: The New State Activism

A noted American authority and investigator of China's economy outlines the general features of the ongoing reorientation of Chinese economic policymaking toward increased state activism, which has gained momentum in the aftermath of the global financial crisis. An initial section of the paper describes the marketization and privatization initiatives of China's late reform period to provide a baseline against which to measure the subsequent shift toward increased state intervention and guidance in the economy. The author traces the shift in three critical policy arenas (social policy, state-owned enterprises, and industrial and technology policy) and demonstrates how state involvement in each intensified during the global financial crisis. He then proceeds to explore the implications of accelerated state activism in the future, identifying potential rewards as well as large risks. Among the latter are macroeconomic imbalances, a "softening" of budget constraints, difficulties in recognizing and terminating unsuccessful economic programs, and tensions with trading partners.     

Ukraine's Financial Crisis, 2009

A prominent specialist in the economic affairs of the former Soviet Union relates and analyzes the state of Ukraine's economy in light of a series of discussions and interviews with the country's Prime Minister and leading economic officials in Kyiv in 2008 and April 2009. The author, a former economic advisor to the country's government and co-chair of the UN's Blue Ribbon Commission for Ukraine, devotes this paper to a penetrating analysis of the impact of the global financial crisis of 2008-2009 on Ukraine's budget, banks, exchange rates, money supply, industrial sectors (particularly energy and steel), GDP, and inflationary pressures. Due attention is given to economic relations with the EU and Russia as well as to financial assistance from the IMF.Journal of Economic Literature, Classification Numbers: E500, E600, O520, P200. 1 table, 4 figures, 38 references.     

Russia after the Global Financial Crisis

Two prominent American specialists on the Russian economy present a fundamental analysis of basic economic factors explaining how the global financial crisis has played out in Russia and its implications for the country's future. More specifically, the authors examine the consequences of Russia's dependence on and addiction to resource (oil and gas) rents and of the management system put in place under Vladimir Putin to maintain, secure, and distribute these rents. They then investigate how each of these factors has emerged from the crisis and how it might evolve in the years ahead. Focusing on the distinction between rent dependence and addiction, the authors question the conventional wisdom that diversification of Russia's economy (away from oil and gas) is a desirable objective that will render it less vulnerable to external shocks. Journal of Economic Literature, Classification Numbers: E020, F020, G010, O130. 15 figures, 44 references.     

The "Crisis" Geography of Contemporary Russia

Against the background of structural and geographical changes that brought about the economic crises of the 1990s in the Russian Federation and subsequent recovery in the early years of the 21st century, the authors analyze the challenges of (and responses to) the 2008 global economic and financial crisis in Russia. Quantitative data derived from official sources and the authors' own research is used to analyze developments at a variety of spatial scales, including inter- and intra-regional, urban and rural. The noted authors speculate about possible exit paths from the crisis and their impacts on spatial differentiation within the Russian Federation. Journal of Economic Literature, Classification Numbers: F210, G010, O150, O180. 6 figures, 1 table, 55 references.