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 degrowt...
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ftunivbruxelles:oai:dipot.ulb.ac.be:2013/286372 2023-05-15T16:44:49+02:00 Governance and degrowth: Lessons from the 2008 financial crisis in Latvia and Iceland Nyblom, Asa Isaksson, Karolina Sanctuary, Mark Fransolet, Aurore Stigson, Peter 2019-03-22 2 full-text file(s): application/pdf | application/pdf http://hdl.handle.net/2013/ULB-DIPOT:oai:dipot.ulb.ac.be:2013/286372 https://dipot.ulb.ac.be/dspace/bitstream/2013/286372/3/sustainability-11-01734.pdf https://dipot.ulb.ac.be/dspace/bitstream/2013/286372/4/doi_269999.pdf fr fre uri/info:doi/10.3390/su11061734 uri/info:scp/85063490461 https://dipot.ulb.ac.be/dspace/bitstream/2013/286372/3/sustainability-11-01734.pdf https://dipot.ulb.ac.be/dspace/bitstream/2013/286372/4/doi_269999.pdf http://hdl.handle.net/2013/ULB-DIPOT:oai:dipot.ulb.ac.be:2013/286372 2 full-text file(s): info:eu-repo/semantics/restrictedAccess | info:eu-repo/semantics/openAccess Sustainability, 11 (6 Sciences sociales Degrowth Equitable downscaling Governance Institutions Policy Radical socio-economic transitions info:eu-repo/semantics/article info:ulb-repo/semantics/articlePeerReview info:ulb-repo/semantics/openurl/article 2019 ftunivbruxelles 2022-06-12T21:58:43Z 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. SCOPUS: ar.j info:eu-repo/semantics/published Article in Journal/Newspaper Iceland DI-fusion : dépôt institutionnel de l'Université libre de Bruxelles (ULB) |
institution |
Open Polar |
collection |
DI-fusion : dépôt institutionnel de l'Université libre de Bruxelles (ULB) |
op_collection_id |
ftunivbruxelles |
language |
French |
topic |
Sciences sociales Degrowth Equitable downscaling Governance Institutions Policy Radical socio-economic transitions |
spellingShingle |
Sciences sociales Degrowth Equitable downscaling Governance Institutions Policy Radical socio-economic transitions Nyblom, Asa Isaksson, Karolina Sanctuary, Mark Fransolet, Aurore Stigson, Peter Governance and degrowth: Lessons from the 2008 financial crisis in Latvia and Iceland |
topic_facet |
Sciences sociales Degrowth Equitable downscaling Governance Institutions Policy Radical socio-economic transitions |
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. SCOPUS: ar.j info:eu-repo/semantics/published |
format |
Article in Journal/Newspaper |
author |
Nyblom, Asa Isaksson, Karolina Sanctuary, Mark Fransolet, Aurore Stigson, Peter |
author_facet |
Nyblom, Asa Isaksson, Karolina Sanctuary, Mark Fransolet, Aurore Stigson, Peter |
author_sort |
Nyblom, Asa |
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 |
publishDate |
2019 |
url |
http://hdl.handle.net/2013/ULB-DIPOT:oai:dipot.ulb.ac.be:2013/286372 https://dipot.ulb.ac.be/dspace/bitstream/2013/286372/3/sustainability-11-01734.pdf https://dipot.ulb.ac.be/dspace/bitstream/2013/286372/4/doi_269999.pdf |
genre |
Iceland |
genre_facet |
Iceland |
op_source |
Sustainability, 11 (6 |
op_relation |
uri/info:doi/10.3390/su11061734 uri/info:scp/85063490461 https://dipot.ulb.ac.be/dspace/bitstream/2013/286372/3/sustainability-11-01734.pdf https://dipot.ulb.ac.be/dspace/bitstream/2013/286372/4/doi_269999.pdf http://hdl.handle.net/2013/ULB-DIPOT:oai:dipot.ulb.ac.be:2013/286372 |
op_rights |
2 full-text file(s): info:eu-repo/semantics/restrictedAccess | info:eu-repo/semantics/openAccess |
_version_ |
1766035074589917184 |