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SUMMARY:Territorial Politics after the Financial Crisis - John Agnew\, UCL
 A and Queen's University\, Belfast
DTSTART:20130509T151500Z
DTEND:20130509T170000Z
UID:TALK44684@talks.cam.ac.uk
CONTACT:ludovica chiussi
DESCRIPTION:In this lecture I redefine the financial crisis as a crisis of
  governance rather than as a primarily economic one conforming to the typi
 cal state-by-state framing of macroeconomics. I begin with a brief account
  of the mismatch between the geographical activities of major financial ac
 tors\, on the one hand\, and the geographical scope of state regulators\, 
 on the other. I then address three geographical dimensions of the mismatch
  and their consequences for territorial politics at different scales: what
  I term “low geopolitics” or the increased importance of economic matt
 ers involving non-state actors (credit-rating agencies\, large law firms\,
  producer-service organizations\, etc.) often beyond the regulatory compet
 ence of particular states or international organizations for world politic
 s\; the increased political tensions between so-called world cities\, on t
 he one hand\, and their surrounding hinterlands\, on the other\, particula
 rly when national government fiscal and monetary policies favor the bigges
 t cities over the rest of their territories\; and the difficulties of “d
 evolution” to local and regional governments when expenditures are devol
 ved but revenue-raising and regulatory powers are not.  I wish to question
  two developing narratives about territorial politics in the aftermath of 
 the financial crisis: that which sees an “inevitable” return to a stat
 e-based world of finance and associated regulation and that which sees a d
 ecline in the possibilities of political devolution as a result of the cri
 sis.\n
LOCATION:Small Lecture Theatre\, Department of Geography\, Downing Site
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