Financial crisis, governance and sustainable island futures : comparing Iceland and Newfoundland and Labrador
Economic sustainability is integral to full-spectrum sustainability and relates to governance, social, and environmental dimensions of sustainability. Financial crises can potentially cascade out from the economic sphere and amplify issues of political legitimacy and accountability, thereby becoming...
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ftunivmalta:oai:www.um.edu.mt:123456789/83371 2023-05-15T16:42:21+02:00 Financial crisis, governance and sustainable island futures : comparing Iceland and Newfoundland and Labrador Stoddart, Mark C. J. Bernharðsdóttir, Ásthildur Elva Atlin, Cole 2021-11 https://www.um.edu.mt/library/oar/handle/123456789/83371 en eng University of Malta. Islands and Small States Institute Stoddart, M. C. J., Bernharðsdóttir, A. E., & Atlin, C. (2021). Financial crisis, governance and sustainable island futures : comparing Iceland and Newfoundland and Labrador. Small States & Territories, 4(2), 285-304. https://www.um.edu.mt/library/oar/handle/123456789/83371 info:eu-repo/semantics/openAccess The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. Sustainable development -- Iceland Sustainable development -- Newfoundland and Labrador Financial crises -- Iceland Financial crises -- Newfoundland and Labrador Iceland -- Politics and government Newfoundland and Labrador -- Politics and government Sustainability -- Iceland Sustainability -- Newfoundland and Labrador article 2021 ftunivmalta 2021-11-10T18:01:37Z Economic sustainability is integral to full-spectrum sustainability and relates to governance, social, and environmental dimensions of sustainability. Financial crises can potentially cascade out from the economic sphere and amplify issues of political legitimacy and accountability, thereby becoming political crises. We compare the 2008 Iceland banking crisis and the ongoing Newfoundland and Labrador financial crisis to identify common factors that contributed to these separate crises. Methodologically, we take a comparative case study approach, relying on a broad range of secondary sources. Drawing on theoretical concepts from crisis studies and island studies, we identify several cross-cutting factors, including a political culture of anti-reflexivity in the pre-crisis period, as well as communication gaps in crisis response. As the crises unfolded, public anger played a provocative role, especially in Iceland. Lessons from this comparative analysis can contribute to building full-spectrum sustainability for small island states and subnational island jurisdictions. peer-reviewed Article in Journal/Newspaper Iceland Newfoundland University of Malta: OAR@UM Newfoundland |
institution |
Open Polar |
collection |
University of Malta: OAR@UM |
op_collection_id |
ftunivmalta |
language |
English |
topic |
Sustainable development -- Iceland Sustainable development -- Newfoundland and Labrador Financial crises -- Iceland Financial crises -- Newfoundland and Labrador Iceland -- Politics and government Newfoundland and Labrador -- Politics and government Sustainability -- Iceland Sustainability -- Newfoundland and Labrador |
spellingShingle |
Sustainable development -- Iceland Sustainable development -- Newfoundland and Labrador Financial crises -- Iceland Financial crises -- Newfoundland and Labrador Iceland -- Politics and government Newfoundland and Labrador -- Politics and government Sustainability -- Iceland Sustainability -- Newfoundland and Labrador Stoddart, Mark C. J. Bernharðsdóttir, Ásthildur Elva Atlin, Cole Financial crisis, governance and sustainable island futures : comparing Iceland and Newfoundland and Labrador |
topic_facet |
Sustainable development -- Iceland Sustainable development -- Newfoundland and Labrador Financial crises -- Iceland Financial crises -- Newfoundland and Labrador Iceland -- Politics and government Newfoundland and Labrador -- Politics and government Sustainability -- Iceland Sustainability -- Newfoundland and Labrador |
description |
Economic sustainability is integral to full-spectrum sustainability and relates to governance, social, and environmental dimensions of sustainability. Financial crises can potentially cascade out from the economic sphere and amplify issues of political legitimacy and accountability, thereby becoming political crises. We compare the 2008 Iceland banking crisis and the ongoing Newfoundland and Labrador financial crisis to identify common factors that contributed to these separate crises. Methodologically, we take a comparative case study approach, relying on a broad range of secondary sources. Drawing on theoretical concepts from crisis studies and island studies, we identify several cross-cutting factors, including a political culture of anti-reflexivity in the pre-crisis period, as well as communication gaps in crisis response. As the crises unfolded, public anger played a provocative role, especially in Iceland. Lessons from this comparative analysis can contribute to building full-spectrum sustainability for small island states and subnational island jurisdictions. peer-reviewed |
format |
Article in Journal/Newspaper |
author |
Stoddart, Mark C. J. Bernharðsdóttir, Ásthildur Elva Atlin, Cole |
author_facet |
Stoddart, Mark C. J. Bernharðsdóttir, Ásthildur Elva Atlin, Cole |
author_sort |
Stoddart, Mark C. J. |
title |
Financial crisis, governance and sustainable island futures : comparing Iceland and Newfoundland and Labrador |
title_short |
Financial crisis, governance and sustainable island futures : comparing Iceland and Newfoundland and Labrador |
title_full |
Financial crisis, governance and sustainable island futures : comparing Iceland and Newfoundland and Labrador |
title_fullStr |
Financial crisis, governance and sustainable island futures : comparing Iceland and Newfoundland and Labrador |
title_full_unstemmed |
Financial crisis, governance and sustainable island futures : comparing Iceland and Newfoundland and Labrador |
title_sort |
financial crisis, governance and sustainable island futures : comparing iceland and newfoundland and labrador |
publisher |
University of Malta. Islands and Small States Institute |
publishDate |
2021 |
url |
https://www.um.edu.mt/library/oar/handle/123456789/83371 |
geographic |
Newfoundland |
geographic_facet |
Newfoundland |
genre |
Iceland Newfoundland |
genre_facet |
Iceland Newfoundland |
op_relation |
Stoddart, M. C. J., Bernharðsdóttir, A. E., & Atlin, C. (2021). Financial crisis, governance and sustainable island futures : comparing Iceland and Newfoundland and Labrador. Small States & Territories, 4(2), 285-304. https://www.um.edu.mt/library/oar/handle/123456789/83371 |
op_rights |
info:eu-repo/semantics/openAccess The copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder. |
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1766032778096279552 |