Territorial Keys for Bringing Closer the Territorial Agenda of the EU and Europe 2020

The recent developments of the economic theory suggest that due attention to territorial context increases efficiency and improves delivery of the policies. This in turn calls for better linkages between spatial and socio-economic efforts. The paper analyses the concept of policy territorialization and proposes policy tools for that purpose. The relevant theoretical models are used, mainly evolutionary economics and new economic geography. The key outcome is a set of territorial keys supposed to enhance territorial approach in developmental policies. Also some plausible ways of making use of those keys are proposed and then tested using Polish territory as a case study.     

The City of London in the Asian crisis

This paper seeks to understand the Asian crisis through theeyes of the City of London. Relying upon material provided byThe Financial Times (FT), we construct an index of pessimismto chart the dominant City of London interpretation of the pathof the crisis. This index is set against data on the actualperformance of the Hong Kong, and Tokyo, London, and New Yorkstock markets over the same period. We have the luxury of retrospectivelyreconstructing the actual path of the crisis whereas the FT(and global financial markets) had to respond to specific eventsin a chain of apparent cumulative events. Our goal is to explainthe construction of the dominant pessimistic interpretationof the path of the crisis, placing the City of London in thecontext of global markets (in time, between Tokyo and New York).In the penultimate section of the paper we report on an interviewwith Riley, the FT columnist, about the results of our analysis,emphasizing the apparent homogeneity of information and opinionin the City of London as opposed to New York. The conclusionfocuses upon the implications of this argument for the studyof discontinuities between global markets, and the future offinancial centres.     

Cross-border corporate ownership and capital market integration in Europe: evidence from portfolio and industrial holdings

The level and determinants of cross-border holdings are evaluatedusing data on the ownership structures of 711 MSCI index companiesin 16 European countries. The level of foreign ownership inthe 16 countries is significant, but spread unevenly, with USfinancial institutions controlling the majority of foreign stakes.Countries' borders, rather than company size ranges are themain lines of discrimination between high and low levels offoreign corporate ownership. Major factors influencing the intensityof cross-border links include the proximity of investors tothe destination of capital, and corporate governance. From theperspective of international corporate ownership, the levelof capital market integration in Europe is low and the conceptof the pan-European company remains a long way from being realised.Implications are drawn for future research and integration policy.     

Anti-Zionism as a Multipurpose Policy Instrument: The Anti-Zionist Campaign in Poland, 1967–1968

This article outlines the anti-Zionist campaign in Poland between 1967 and 1968, in particular its evolution from a Cold War anti-Israel policy in reaction to the Six Day War into a domestic anti-Jewish campaign. It focuses on the factors that influenced the top decision makers in launching the campaign, and its images of the enemy. The campaign was a peculiar combination of two patterns of symbolic aggression that belong to historically hostile camps: communist hate campaigns and anti-Semitism of the nationalist right. Notwithstanding its irrational components (i.e. anti-Jewish resentments and prejudices which fed much of its dynamics), the campaign appears to have been an effective policy instrument that achieved desirable results for the decision makers and instigators.     

The Emergence of a Working Poor: Labour Markets,Neoliberalisation and Diverse Economies in Post‐Socialist Cities

Abstract: This paper examines the transformations of urban labour markets in two central European cities: Bratislava, Slovakia and Kraków, Poland. It highlights the emergence of in‐work poverty and labour market segmentation, which together are leading to a reconfiguration of the livelihoods and economic practices of urban households. The focus of the paper is on the growing phenomenon of insecure, poor‐quality, contingent labour. It examines the ways in which those who find themselves in, or on the margins of, contingent and insecure labour markets sustain their livelihoods. We ask how such workers and their households negotiate the segmentation of the labour market, the erosion of employment security and the emergence of in‐work poverty and explore the diverse economic practices of those who cannot rely solely on formal employment to ensure social reproduction. Further, we assess the articulations between labour market participation and exclusion, and other spheres of economic life, including informal and illegal labour, household social networks, state benefits and the use of material assets. We argue that post‐socialist cities are seeing a reconfiguration of class processes, as the materialities and subjectivities of class are remade and as the meaning of work and the livelihoods different forms of labour can sustain are changing.