Governance and Degrowth. Lessons from the 2008 Financial Crisis in Latvia and Iceland
This paper investigates the role of governance dimensions in socio-economic transitions in line with degrowth, i.e., an equitable downscaling of the economy. Our focus is on experiences from the 2008 economic crisis in Latvia and Iceland. Although these cases are not in themselves examples of degrow...
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ftdoajarticles:oai:doaj.org/article:7ab9269001a54fbd82314dab5b01fa4f 2023-05-15T16:45:13+02:00 Governance and Degrowth. Lessons from the 2008 Financial Crisis in Latvia and Iceland Åsa Nyblom Karolina Isaksson Mark Sanctuary Aurore Fransolet Peter Stigson 2019-03-01T00:00:00Z https://doi.org/10.3390/su11061734 https://doaj.org/article/7ab9269001a54fbd82314dab5b01fa4f EN eng MDPI AG https://www.mdpi.com/2071-1050/11/6/1734 https://doaj.org/toc/2071-1050 2071-1050 doi:10.3390/su11061734 https://doaj.org/article/7ab9269001a54fbd82314dab5b01fa4f Sustainability, Vol 11, Iss 6, p 1734 (2019) degrowth equitable downscaling governance institutions policy radical socio-economic transitions Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 article 2019 ftdoajarticles https://doi.org/10.3390/su11061734 2022-12-31T07:31:30Z This paper investigates the role of governance dimensions in socio-economic transitions in line with degrowth, i.e., an equitable downscaling of the economy. Our focus is on experiences from the 2008 economic crisis in Latvia and Iceland. Although these cases are not in themselves examples of degrowth, we see them as important sources of empirical learning from major socio-economical transitions; furthermore, we see crises as possible starting points for future degrowth transitions. This paper applies a governance framework to explore the vast differences in management strategies and crisis outcomes in Latvia and Iceland. In Iceland, public resistance led to a shift in policy measures such that economic inequality and the negative social consequences of the crisis decreased. In Latvia, public resistance existed but had no strong influence. The outcome in Latvia included none of the elements of equitable downscaling found in the case of Iceland. These two cases show how differences in formal institutional arrangements, political culture and societal trust affect different governance dimensions during a time of crisis. The analysis illustrates the importance of institutional and governance dimensions in major socio-economical transitions, and demonstrates how they influence the kind of transition that can be realized. Article in Journal/Newspaper Iceland Directory of Open Access Journals: DOAJ Articles Sustainability 11 6 1734 |
institution |
Open Polar |
collection |
Directory of Open Access Journals: DOAJ Articles |
op_collection_id |
ftdoajarticles |
language |
English |
topic |
degrowth equitable downscaling governance institutions policy radical socio-economic transitions Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 |
spellingShingle |
degrowth equitable downscaling governance institutions policy radical socio-economic transitions Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 Åsa Nyblom Karolina Isaksson Mark Sanctuary Aurore Fransolet Peter Stigson Governance and Degrowth. Lessons from the 2008 Financial Crisis in Latvia and Iceland |
topic_facet |
degrowth equitable downscaling governance institutions policy radical socio-economic transitions Environmental effects of industries and plants TD194-195 Renewable energy sources TJ807-830 Environmental sciences GE1-350 |
description |
This paper investigates the role of governance dimensions in socio-economic transitions in line with degrowth, i.e., an equitable downscaling of the economy. Our focus is on experiences from the 2008 economic crisis in Latvia and Iceland. Although these cases are not in themselves examples of degrowth, we see them as important sources of empirical learning from major socio-economical transitions; furthermore, we see crises as possible starting points for future degrowth transitions. This paper applies a governance framework to explore the vast differences in management strategies and crisis outcomes in Latvia and Iceland. In Iceland, public resistance led to a shift in policy measures such that economic inequality and the negative social consequences of the crisis decreased. In Latvia, public resistance existed but had no strong influence. The outcome in Latvia included none of the elements of equitable downscaling found in the case of Iceland. These two cases show how differences in formal institutional arrangements, political culture and societal trust affect different governance dimensions during a time of crisis. The analysis illustrates the importance of institutional and governance dimensions in major socio-economical transitions, and demonstrates how they influence the kind of transition that can be realized. |
format |
Article in Journal/Newspaper |
author |
Åsa Nyblom Karolina Isaksson Mark Sanctuary Aurore Fransolet Peter Stigson |
author_facet |
Åsa Nyblom Karolina Isaksson Mark Sanctuary Aurore Fransolet Peter Stigson |
author_sort |
Åsa Nyblom |
title |
Governance and Degrowth. Lessons from the 2008 Financial Crisis in Latvia and Iceland |
title_short |
Governance and Degrowth. Lessons from the 2008 Financial Crisis in Latvia and Iceland |
title_full |
Governance and Degrowth. Lessons from the 2008 Financial Crisis in Latvia and Iceland |
title_fullStr |
Governance and Degrowth. Lessons from the 2008 Financial Crisis in Latvia and Iceland |
title_full_unstemmed |
Governance and Degrowth. Lessons from the 2008 Financial Crisis in Latvia and Iceland |
title_sort |
governance and degrowth. lessons from the 2008 financial crisis in latvia and iceland |
publisher |
MDPI AG |
publishDate |
2019 |
url |
https://doi.org/10.3390/su11061734 https://doaj.org/article/7ab9269001a54fbd82314dab5b01fa4f |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Sustainability, Vol 11, Iss 6, p 1734 (2019) |
op_relation |
https://www.mdpi.com/2071-1050/11/6/1734 https://doaj.org/toc/2071-1050 2071-1050 doi:10.3390/su11061734 https://doaj.org/article/7ab9269001a54fbd82314dab5b01fa4f |
op_doi |
https://doi.org/10.3390/su11061734 |
container_title |
Sustainability |
container_volume |
11 |
container_issue |
6 |
container_start_page |
1734 |
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1766035430862487552 |